Search found 40 matches

by lotofquestions
Thu Apr 27, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Calling for all the Moms: career and family.
Replies: 42
Views: 5880

Re: Calling for all the Moms: career and family.

3. My husband is upset because I spend so much time and money for my parents and family back home. He views my family as a burden to our "own" family. They are also very controlling, at least with me. Therefore, although his pay is 1/3 of mine; he refuses to stay home. He only stays home ...
by lotofquestions
Sat Apr 22, 2017 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Calling for all the Moms: career and family.
Replies: 42
Views: 5880

Re: Calling for all the Moms: career and family.

Thank you all for reading and sharing your stories and providing encouragement as well as analyzing/criticizing. I truly appreciate them. 1. I have to take care of my parents (part of my custom and too expensive to stay elsewhere) 3. My husband is upset because I spend so much time and money for my ...
by lotofquestions
Fri Apr 21, 2017 10:52 pm
Forum: Personal Consumer Issues
Topic: how much is reasonable amount to spend [on gymnastics]
Replies: 42
Views: 3632

Re: how much is reasonable amount to spend [on gymnastics]

Thank you all for your responses. I felt guilty to say No to her to gymnastics before, so I gave in for a year.

welldone: you are right! I will talk to my daughter again and convince her to try other sports.
by lotofquestions
Thu Apr 20, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Calling for all the Moms: career and family.
Replies: 42
Views: 5880

Re: Calling for all the Moms: career and family.

Working mom. Full-time job. Type A but learning to let things go such as my house can be a mess. I have a good balance right now. My question to you. Can you go down to 1 part-time job and use your MBA to start your own company? My kids have been telling me that "start your own business, Mommy...
by lotofquestions
Thu Apr 20, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Calling for all the Moms: career and family.
Replies: 42
Views: 5880

Career and family: decision?

Hi: Lately, I have spent sometime to review my finance, therefore my life. I have been a breadwinner for a very longtime because my husband is not in a field that can make money. I also have a big related family back home (outside of US) to support. I have been working 2 jobs ( 1 full and 1 part-ti...
by lotofquestions
Thu Apr 20, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Calling for all the Moms: career and family.
Replies: 42
Views: 5880

Re: Calling for all the Moms: career and family.

With two teens, who presumably have most of their days occupied, could your husband take on more of the primary parenting role--particularly since he is on lower pay track than you? That would free you up to take full advantage of the MBA opportunities. My fear is that you will end up having a hard...
by lotofquestions
Wed Apr 19, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Calling for all the Moms: career and family.
Replies: 42
Views: 5880

Calling for all the Moms: career and family.

Hi: Lately, I have spent sometime to review my finance, therefore my life. I have been a breadwinner for a very longtime because my husband is not in a field that can make money. I also have a big related family back home (outside of US) to support. I have been working 2 jobs ( 1 full and 1 part-tim...
by lotofquestions
Mon Apr 17, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: how much is reasonable amount to spend [on gymnastics]
Replies: 42
Views: 3632

Re: how much is reasonable amount to spend [on gymnastics]

As you said she loves it, and forcing children to stop something they love is a bit troubling. If it was me, I'd keep her at the level she is now, but not really make it likely for her to move up significantly. If I had to do it all over again, I'd really encourage my kids to get into tennis. Thank...
by lotofquestions
Mon Apr 17, 2017 10:33 pm
Forum: Personal Consumer Issues
Topic: how much is reasonable amount to spend [on gymnastics]
Replies: 42
Views: 3632

Re: how much is reasonable amount to spend [on gymnastics]

As you said she loves it, and forcing children to stop something they love is a bit troubling. If it was me, I'd keep her at the level she is now, but not really make it likely for her to move up significantly. If I had to do it all over again, I'd really encourage my kids to get into tennis. Thank...
by lotofquestions
Sun Apr 16, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: how much is reasonable amount to spend [on gymnastics]
Replies: 42
Views: 3632

Re: how much is reasonable amount to spend

How old is your daughter now? We did support our own DD in soccer, and she did this alongside many of the activities that your daughter also does. It kept her physically active, and promoted general health and fitness at a time when many of her female peers were overly concerned with dating, make-u...
by lotofquestions
Sun Apr 16, 2017 5:24 pm
Forum: Personal Consumer Issues
Topic: how much is reasonable amount to spend [on gymnastics]
Replies: 42
Views: 3632

Re: how much is reasonable amount to spend

I think you should support her in this. It is the only activity in that lineup that is intensely physical. It helps literally all of the other activities keeping her in good physical fitness. Leotards are de rigueur for the activity. Please explore your own hangups here. If you want to look at payb...
by lotofquestions
Sun Apr 16, 2017 4:44 pm
Forum: Personal Consumer Issues
Topic: how much is reasonable amount to spend [on gymnastics]
Replies: 42
Views: 3632

Re: how much is reasonable amount to spend

Thank you for your replies. I spend $600 a month for her. Beside gymnastic, she studies piano, violin, guitar, Spanish,and Chinese. She competes in piano and earns money. Beside, all activities beside gymnastic can help her obtaining scholarship or a tutoring job when she gets older. Gymnastic? I do...
by lotofquestions
Sun Apr 16, 2017 3:43 pm
Forum: Personal Consumer Issues
Topic: how much is reasonable amount to spend [on gymnastics]
Replies: 42
Views: 3632

how much is reasonable amount to spend [on gymnastics]

Hello: I just want to see how many of you out there will pay $200 per month for gymnastic for a daughter. I do not like gymnastic but she LOVES it and does well on competition. $75 per meet fee and $ 200 for competition leotard. I want to stop, not because I can't afford it, but because i think she ...
by lotofquestions
Wed Apr 12, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me understand IRA
Replies: 8
Views: 793

Re: Please help me understand IRA

If the tax program says you can make a traditional IRA contribution, but it would not reduce your taxes, it most likely means your income is too high, especially if you contribute to a retirement plan at work see: https://www.irs.gov/retirement-plans/plan-participant-employee/2016-ira-contribution-...
by lotofquestions
Wed Apr 12, 2017 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me understand IRA
Replies: 8
Views: 793

Re: Please help me understand IRA

Thank you for clearing my confusion! I was working on opening an IRA account with Vanguard this morning, but got confused on which type of IRA. However, TurboTax Premier did not prompt me to any form. I used the CD version. We have not contributed any prior years.
What should I do? Thanks!
by lotofquestions
Wed Apr 12, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me understand IRA
Replies: 8
Views: 793

Please help me understand IRA

First, I appreciate your patience to read and response to my post. So, I used Turbotax this year and was told that I can contribute to IRA, but there will be no tax benefit. I confuse about traditional and Roth IRA. From what I read, contributing in traditional IRA will result in paying tax at withd...
by lotofquestions
Sat Apr 08, 2017 1:26 pm
Forum: Investing - Help with Personal Investments
Topic: Please help to review my "revised" investment plan
Replies: 4
Views: 673

Re: Please help to review my "revised" investment plan

Specifically to your question 4, you are thinking about this wrong. Your portfolio is your entire set of holdings, do NOT separate it by 401K, IRA, Roth, Taxable, etc... So you can do a 3-fund portfolio, and put bonds entirely in tax-advantaged account, stocks in taxable, and perhaps some stocks in...
by lotofquestions
Sat Apr 08, 2017 1:41 am
Forum: Investing - Help with Personal Investments
Topic: Please help to review my "revised" investment plan
Replies: 4
Views: 673

Re: Please help to review my "revised" investment plan

Specifically to your question 4, you are thinking about this wrong. Your portfolio is your entire set of holdings, do NOT separate it by 401K, IRA, Roth, Taxable, etc... So you can do a 3-fund portfolio, and put bonds entirely in tax-advantaged account, stocks in taxable, and perhaps some stocks in...
by lotofquestions
Sat Apr 08, 2017 1:29 am
Forum: Investing - Help with Personal Investments
Topic: Try to decide 401K or IRA.
Replies: 11
Views: 1037

Re: Try to decide 401K or IRA.

As mentioned, prioritization of 401(k) vs IRA contributions depends how "good" your 401(k). Keep in mind that having a nonzero tIRA basis in deductible contributions will make it difficult to make backdoor Roth contributions due to the pro rata rule. This is something I wish I had started...
by lotofquestions
Sat Apr 08, 2017 1:17 am
Forum: Investing - Help with Personal Investments
Topic: Please help to review my "revised" investment plan
Replies: 4
Views: 673

Please help to review my "revised" investment plan

Thank you in advance for reading this post and providing your inputs. I am trying to learn and appreciate any suggestions. I posted my question before, long version. I was overwhelmed with the advice received and just partly understood the language of investing. I am posting my short version of only...
by lotofquestions
Fri Apr 07, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Try to decide 401K or IRA.
Replies: 11
Views: 1037

Re: Try to decide 401K or IRA.

Thank you all for confirming the strategy!
by lotofquestions
Fri Apr 07, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Try to decide 401K or IRA.
Replies: 11
Views: 1037

Try to decide 401K or IRA.

I have been contributed max amount allowed by IRA to my 401K at work and not contribute to IRA. After reading the posts, this is what I think I need to do from now on: 1. Contribute to get max match from the employer. 2. Contribute max to either traditional or Roth IRA 3. Contribute whatever left to...
by lotofquestions
Sun Mar 12, 2017 12:50 am
Forum: Investing - Help with Personal Investments
Topic: New to investment and need help! Thank you!
Replies: 18
Views: 1312

Re: New to investment and need help! Thank you!

Thank you All! I am heading to read all the references and will be back with another post with "lot of questions" again. :confused
by lotofquestions
Sat Mar 11, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: New to investment and need help! Thank you!
Replies: 18
Views: 1312

Re: New to investment and need help! Thank you!

Name/ Ticker / ER / % in this portfolio Vanguard Inflation Protected Secs Adm (VAIPX)-- 0.1% -- 30% Vanguard Institutional Index I (VINIX) -- 0.4% -- 40% Vanguard Mid cap Index Adm (VIMAX) -- 0.08% -- 5% Vanguard Small cap Index Adm (VSMAX), -- 0.08% -- 5% American Funds EuroPacific Gr R5 (RERFX) -...
by lotofquestions
Sat Mar 11, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: New to investment and need help! Thank you!
Replies: 18
Views: 1312

Re: New to investment and need help! Thank you!

Name/ Ticker / ER / % in this portfolio Vanguard Inflation Protected Secs Adm (VAIPX)-- 0.1% -- 30% Vanguard Institutional Index I (VINIX) -- 0.4% -- 40% Vanguard Mid cap Index Adm (VIMAX) -- 0.08% -- 5% Vanguard Small cap Index Adm (VSMAX), -- 0.08% -- 5% American Funds EuroPacific Gr R5 (RERFX) -...
by lotofquestions
Sat Mar 11, 2017 11:29 am
Forum: Investing - Help with Personal Investments
Topic: New to investment and need help! Thank you!
Replies: 18
Views: 1312

Re: New to investment and need help! Thank you!

Name/ Ticker / ER / % in this portfolio Vanguard Inflation Protected Secs Adm (VAIPX)-- 0.1% -- 30% Vanguard Institutional Index I (VINIX) -- 0.4% -- 40% Vanguard Mid cap Index Adm (VIMAX) -- 0.08% -- 5% Vanguard Small cap Index Adm (VSMAX), -- 0.08% -- 5% American Funds EuroPacific Gr R5 (RERFX) -...
by lotofquestions
Sat Mar 11, 2017 11:20 am
Forum: Investing - Help with Personal Investments
Topic: New to investment and need help! Thank you!
Replies: 18
Views: 1312

Re: New to investment and need help! Thank you!

in addition to the links above, please ahve a look at the wiki page for the "3-Fund portfolio". There is actually no need to have more then 3 funds. Thank you for pointing out the source to read, BeBH65! The funds I have now are straight from and reduced from the financial advisor's list....
by lotofquestions
Sat Mar 11, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: I need help with cash value in universal life policy please!
Replies: 6
Views: 778

Re: I help with cash value in universal life policy

Should I borrow the cash value at 4.3% to invest ? Borrowing to invest is generally discouraged on this forum. You are " guaranteed " to pay 4.3% interest on the loan. Do you know an investment has a "guaranteed" to return 4.3%? If yes go ahead and share it with us. Regards, Dea...
by lotofquestions
Sat Mar 11, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: I need help with cash value in universal life policy please!
Replies: 6
Views: 778

Re: I need help with cash value in universal life policy please!

Ask your agent to run what is called a "Life Policy Illustration." It will provide a history of all the payments your mother has made and share a projection of the cash value going forward. You can also review the annual statement to determine how long the policy will remain in force if y...
by lotofquestions
Sat Mar 11, 2017 3:47 am
Forum: Investing - Help with Personal Investments
Topic: New to investment and need help! Thank you!
Replies: 18
Views: 1312

Re: New to investment and need help! Thank you!

So for instance in an account where you have an expensive small-cap fund (e.g. HISCX) or EuroPacific fund (e.g. RERFX) why use it at all? You can get that same exposure if you really want it in another account with lower-cost options. I actually still don't understand what the Thomas Partners thing...
by lotofquestions
Sat Mar 11, 2017 3:32 am
Forum: Personal Finance (Not Investing)
Topic: Should I continue to pay Whole life insurance?
Replies: 17
Views: 1511

Re: Should I continue to pay Whole life insurance?

I would cancel and buy a term policy and invest the difference (or pay down debt).[/]


Thank You! I cancelled my husband's. I still keep mine for now to think for couple weeks. I obtained quotes for 30 yr term and it is around $100 /month for 1 mil.. I am not sure it is a good option in my case.
by lotofquestions
Sat Mar 11, 2017 3:21 am
Forum: Investing - Help with Personal Investments
Topic: New to investment and need help! Thank you!
Replies: 18
Views: 1312

Re: New to investment and need help! Thank you!

Lots of opportunities here to reduce costs and simplify - e.g. no need to pay .51% for a European stock index, or extra for actively managed funds in general. Check out this page for a simplified approach to being tax-efficient across accounts: m - broadly speaking, I doubt you have any actual need ...
by lotofquestions
Sat Mar 11, 2017 3:15 am
Forum: Personal Finance (Not Investing)
Topic: I need help with cash value in universal life policy please!
Replies: 6
Views: 778

Re: I help with cash value in universal life policy

Well, if you know when your mother will die, it's easy to determine the answer. Without knowing that, it is possible that either option is superior. You need to find out from the insurance company how long the policy will last on both a current assumption and guaranteed basis. Thank you for your re...
by lotofquestions
Sat Mar 11, 2017 2:03 am
Forum: Investing - Help with Personal Investments
Topic: New to investment and need help! Thank you!
Replies: 18
Views: 1312

New to investment and need help! Thank you!

Hello: We just now learn about investing and preparing for retirement. We apologize if our post is confusing (just as we are) and the format is hard to read ( not computer savvy). We have gone through 3 advisors to get to this point. We appreciate your inputs to help us on the right track. We are in...
by lotofquestions
Wed Mar 08, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I continue to pay Whole life insurance?
Replies: 17
Views: 1511

Re: Should I continue to pay Whole life insurance?

My advisor did recommend Thomas Partner and I now have 100K invested in it. That is it with him. Is it ok?
by lotofquestions
Wed Mar 08, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Should I continue to pay Whole life insurance?
Replies: 17
Views: 1511

Re: Should I continue to pay Whole life insurance?

Thank you all for your suggestions!

I just post a new question for my Mom policy. I appreciate your inputs!
by lotofquestions
Wed Mar 08, 2017 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I continue to pay Whole life insurance?
Replies: 17
Views: 1511

Re: Should I continue to pay Whole life insurance?

To akd00d:

Yes, I only term with my 2 employers. That is my fear. I just obtain the quote from Metlife: $100/ month for $1 million policy for 20 years term (I will be 70 y.o then)
The agent said it would be triple if I want 30 y.o term.
by lotofquestions
Wed Mar 08, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: I need help with cash value in universal life policy please!
Replies: 6
Views: 778

I need help with cash value in universal life policy please!

Hello: My mother bought a universal whole life policy $150K death benefit up to 95 y.o in 2001. She chose the option of obtaining specified face amount of insurance (not include cash value). She has been paying $166.50/moth since then. She no longer afford the payment so I take over the policy. The ...
by lotofquestions
Wed Mar 08, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should I continue to pay Whole life insurance?
Replies: 17
Views: 1511

Re: Should I continue to pay Whole life insurance?

Thank you for all the ideas! This is the exactly document provided to me form the financial adviser: Current Funding of All Retirement Goals: Government Programs 40.97% Pensions 0% Personal sources 19.91% Total Income Sources 60.88% Assets 90.06% Total funding 150.95% Retirement spending goals 100% ...
by lotofquestions
Wed Mar 08, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Should I continue to pay Whole life insurance?
Replies: 17
Views: 1511

Should I continue to pay Whole life insurance?

Hello: Last year, I purchased a whole life insurance for myself ($300K- pay $265/month) and for husband ($100K - pay $123/month). The policy is we will stop paying after 20 years and death benefit last till 121 yrs old. The cash value built up is minimal at 2% yearly. About me: I am 50 y.o, bread wi...