Search found 39 matches

by windrose
Wed Jul 11, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Ex wants to use me for Joint and Survivor Annuity to forward to kids
Replies: 32
Views: 1723

Re: Ex wants to use me for Joint and Survivor Annuity to forward to kids

Just wondering if there are others out there that have been in this situation. I think I prefer that he use the 180 Payments Guaranteed option rather than mess with this. Thoughts? I wanted to add something about the guaranteed option. My pension also has something like this option, but it only app...
by windrose
Wed Jul 11, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Ex wants to use me for Joint and Survivor Annuity to forward to kids
Replies: 32
Views: 1723

Re: Ex wants to use me for Joint and Survivor Annuity to forward to kids

He can’t just name them in equal parts? I have a pension that allows me to name anyone as a beneficiary (including anyone posting on this thread!) , but it can only be one person. Also, the age of the beneficiary determines the hit my pension will take vs. the single life annuity. The younger the p...
by windrose
Fri Jun 22, 2018 11:37 am
Forum: Personal Consumer Issues
Topic: how to make friends in new location?
Replies: 96
Views: 8402

Re: how to make friends in new location?

jayk, Why do you feel you have to find friends for your wife? ... This is a very rude post. Passive aggressive, condescending, where to begin? I'm not going to dignify it with a proper response. I'm sorry but the original post came across to me as if you needed to make all the decisions for your wi...
by windrose
Sat May 19, 2018 12:55 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 12669

Re: how do you tip on wine at a restaurant

Why does an expensive bottle of wine deserve more tip than a cheap bottle of wine? Because the waitstaff must claim tips to the IRS based on a straight percentage of the total bill (pretax). They must claim 100% of the tip, but at least 8% of the bill, whichever is greater. 8% is a pretty low bar, ...
by windrose
Tue May 08, 2018 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Does it make ANY sense for a US citizen to stash emergency funds overseas?
Replies: 62
Views: 4874

Re: Does it make ANY sense for a US citizen to stash emergency funds overseas?

I am the grandchild of immigrants, and was raised in a suburban Chicago neighborhood with a fairly large immigrant population, often with several generations living together under one roof. I'd describe it as the *world in miniature*, and many of my childhood friends had parents/grandparents who lef...
by windrose
Thu Apr 26, 2018 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 6497

Re: Who benefits from "best and final offer" on condo?

First of all, don't get too caught up in this, there will be other houses. And if it makes you feel better, the "winner" may experience some remorse over the next few days, fearing that they really overpaid...which they probably did, since that is often what happens with multiple offer situations. B...
by windrose
Fri Mar 30, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Local Credit Union will not do a Cash Out Refi.
Replies: 19
Views: 1681

Re: Local Credit Union will not do a Cash Out Refi.

Look into an FHA 203K loan or 203K steamline loan.
by windrose
Fri Mar 30, 2018 12:04 am
Forum: Personal Consumer Issues
Topic: Venice Suggestions
Replies: 14
Views: 1035

Re: Venice Suggestions

When we were wondering around we ended up around where there was university and a large square with lots of people(not tourists) hanging out. I forget the name of it but they had a potent orange colored drink that was very good. Sounds like an Aperol Spritz. You'll see a lot of people drinking them...
by windrose
Mon Feb 19, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Late 20's female looking for some advice towards financial independence
Replies: 31
Views: 4202

Re: Late 20's female looking for some advice towards financial independence

Financial situation $123K salary $100K in taxable investments (95% Vanguard funds, 5% directly in MSFT and AAPL shares) $5500 Roth $15K 401K (this is pitiful, I know... I was supporting siblings for the longest time) $20K emergency savings ~$120K in unvested RSUs (they vest in 1 year, and this does...
by windrose
Mon Jan 29, 2018 5:24 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 288
Views: 22723

Re: I bought a stock today - Redfin (RDFN)

From what I understand, the national average commission is 5%. So, when representing the seller, the Redfin model pays full commission (50% of the listed rate) to a buyer's agent, but then keeps only 1% for their side. Meanwhile, when representing a buyer, they appear to offer them a rebate of sorts...
by windrose
Mon Jan 08, 2018 5:33 pm
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 11724

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

I think they have the potential to be actionable. I say in 7/10 of these types of threads, a poster comes along.....for lack of a better word, I'll call them a "tire kicker"....and says something like, "Oh, very nice..and, by the way, what does your spending look like?" This usually opens up a line ...
by windrose
Fri Dec 08, 2017 9:52 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Is Worried About U.S. Pensions
Replies: 85
Views: 9305

Re: Jack Bogle Is Worried About U.S. Pensions

I am not really concerned, but for another reason entirely: I am an older gen X'er with a (frozen, underfunded) pension, and I used to worry about this when I was younger....but now I don't. Why? Because my boomer co-workers aren't retiring....and they don't WANT to. They generally retire only when ...
by windrose
Fri Dec 08, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 5264

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

Multiple Bank feedback is his income is "too low" to qualify. I am no banker.. but I thought as long as you had assets free and clear (he does) and a good long credit history (he does Score > 800).. getting a Heloc to pay off the $60K balloon should be easy.' CPU I make less than your friend and ha...
by windrose
Sun Aug 27, 2017 12:25 pm
Forum: Personal Consumer Issues
Topic: Any good resources on how to learn to be a Google Sheets (Excel) expert?
Replies: 28
Views: 2903

Re: Any good resources on how to learn to be a Google Sheets (Excel) expert?

You gotta check out Lynda . com. When I was in school and needed help on my Excel course I used it all the time. They have tutorials for every single function you can think of. Good luck! What is the cost, after the "free, 30-day trial period"? It looks interesting, but I want to avoid going down a...
by windrose
Sun Aug 20, 2017 3:44 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 15167

Re: Is it worth it? [demanding jobs vs time with family]

If both of your parents worked TWO full-time jobs (which is essentially what the OP is doing), do you think your childhood would have been different than what you described? They did work full time...except when I was toddler age and my mom went back to school (I don't remember it) but I doubt they...
by windrose
Sun Aug 20, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: Non-fiction bucket list
Replies: 110
Views: 12199

Re: Non-fiction bucket list

While I feel I have received a solid education, I somehow feel I have missed reading many life changing Non Fiction books. It is hard to tell from this if you are looking for *Classics-of-Western-Civilization* type reading or just good, informative, modern non-fiction. If the former, while it is no...
by windrose
Sun Aug 20, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 15167

Re: Is it worth it? [demanding jobs vs time with family]

I have read many of the responses here from parents.....I'd like to add the point of view from the child. You need to do what makes YOU happy--if the workload is making you stressed, your children will feel it. On the other hand, if the work makes you happy, your children will also feel it. OP, I'm ...
by windrose
Sun Aug 13, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: Retire early, live abroad until 65 and come back
Replies: 72
Views: 10054

Re: Retire early, live abroad until 65 and come back

I am considering this as well (Europe)... not for general lower cost of living, but mainly health insurance costs. It is not my top plan...more like a plan C, but as a lower income boglehead, I will not be able to afford to retire at 55 without the ACA. If the ACA stays, I would probably just visit ...
by windrose
Sat Aug 12, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 11105

Re: Investing Education and Mansplaining

We could argue about whether this is right or wrong, why it's the case, or how widespread it is, but it would be a waste of time. When you argue with reality, you lose, but only 100% of the time. Better to accept it and deal with it than argue against it. Some women are more open to learning from w...
by windrose
Sat Aug 12, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: When does renting make sense
Replies: 112
Views: 11788

Re: When does renting make sense

Does the majority of people here really believe that you only rent apartments and never rent houses? So many of the arguments are predicated on renting apartments, I find that astonishing. I had a similar take, but from the other side. I own, but in a condo building with a full time staff, so repai...
by windrose
Sat Aug 12, 2017 1:03 pm
Forum: Investing - Theory, News & General
Topic: Redfin
Replies: 29
Views: 5222

Re: Redfin

I don't think the Redfin model will do well in the long run because it is overhead heavy--it has to pay out those salaries/MLS fees/continuing education/license fees, and payroll taxes, no matter what. Plus they pay the entire % to the buyer's agent, so that overhead is paid from their discounted cu...
by windrose
Mon Jul 03, 2017 11:18 pm
Forum: Personal Consumer Issues
Topic: Late planning trip - Fringe festival Edinburgh
Replies: 3
Views: 628

Re: Late planning trip - Fringe festival Edinburgh

I have not been to Festival Fringe, but I have been to the Military Tattoo that runs during the same timeframe. My co-workers talked me into going, and I think my exact words were, "I'm not spending 30 pounds to watch marching bands", but I ended up going and really enjoying it. They set up the stag...
by windrose
Sun Jul 02, 2017 4:12 am
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 8097

Re: Should I move abroad to minimize health care costs?

Why not do some research and give it a try? "They" say people tend to regret what they didn't do...rather than what they did do. As long as you can rent out the house, and can keep the door open for an eventual return if you decide it is not for you, you seem like perfect candidates. However, withou...
by windrose
Mon Jun 26, 2017 4:01 pm
Forum: Personal Consumer Issues
Topic: [Sam's Club, Costco, BJ's, and other wholesaler clubs]
Replies: 274
Views: 20599

Re: Sam's Club vs. Costco

I am no longer a member of either (small home and household, neither really close by, and prefer to shop at places open later hours, so not really worth it for me) but at one point I was a member of both. In my area, I'd say 75-80% of the items were the same...and both carried items I liked, that th...
by windrose
Mon Jun 26, 2017 3:22 pm
Forum: Personal Consumer Issues
Topic: Buy condo at Trump Tower Chicago a good deal?
Replies: 24
Views: 4533

Re: Buy condo at Trump Tower Chicago a good deal?

Are you sure prices are depressed there? The only way to really know is to take a serious look at past comps. Can your agent show you, with the comps, evidence of a discount? Just at a glance, I can see that there is a wild fluctuation of HOA fees for those on the rental program, and those who aren'...
by windrose
Thu Jun 22, 2017 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Tracking towards a million and retiring at 55.
Replies: 38
Views: 6862

Re: Tracking towards a million and retiring at 55.

Without the boat, your situation looks great. With the boat?....I think you will have to provide a better estimate of the costs. From your posts, I see you will have a few phases where the retirement spending level will fluctuate: 1) age 55-60 2) age 60-62, post boat purchase, pre SS 3) age 62-65 4)...
by windrose
Thu Jun 15, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Prices, expecting over listing?
Replies: 8
Views: 1377

Re: Real Estate Prices, expecting over listing?

It has to do with inventory, IMO. I love real estate, and like to tag along with friends/family when they are looking. I spent time with some people who were looking during the 2009-2011 era, when the market was all over the place, but what you describe is exactly what happened. In all cases, we loo...
by windrose
Wed Jun 07, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Employer going union, what happens with 401k
Replies: 19
Views: 2591

Re: Employer going union, what happens with 401k

While it is hard to say based on information given, I think your friend should focus on one of the best things a union can provide a 50 year old worker--job security. If the plan was popular with the younger workers, I'm going to guess that this municipality has never experienced any lay-offs and jo...
by windrose
Wed Jun 07, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting
Replies: 47
Views: 5138

Re: Budgeting

I was a very early user of Quicken, but over time, as the company grew, I liked it less and less, and it became more program than I needed. I transitioned into a much more low tech system...I'd describe it as a reverse envelope system, because my envelopes start out empty. 1) Like many here, I save ...
by windrose
Sat May 20, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: House Deed Covenant Enforceability
Replies: 43
Views: 4404

Re: House Deed Covenant Enforceability

Another vote for NOT swapping unsecured debt into secured debt with the house. Since the debt occurred due to a job loss, rather than poor spending habits, what will happen if the income from this job is lost? What if the company goes under, or one of your parents becomes sick, or this new income is...
by windrose
Thu May 04, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: have you accepted a lower cost lifestyle to retire early?
Replies: 71
Views: 11159

Re: have you accepted a lower cost lifestyle to retire early?

Yes. I have not retired yet, but plan to retire early, in 4 years. I have already taken the steps to live a lower cost lifestyle, by downsizing my space (a condo)...I actually moved to a *more* expensive neighborhood (same city), but into a place about 1/2 the size. I decided it would be a trial run...
by windrose
Thu May 04, 2017 9:48 am
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 248
Views: 34733

Re: Where to Live on $60K or Less a Year?

I think your biggest disconnect is the wish for the area with a 50K average per capita income, and your own, better, financial situation, which will allow you to live in a more expensive area...and would probably be more closely aligned with some of the lifestyle wants on your list. Keep in mind tha...
by windrose
Tue May 02, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Is 401k loan really a bad idea?
Replies: 57
Views: 5388

Re: Is 401k loan really a bad idea?

I will tell you how I have always viewed it, which is just another way of saying what has already been said, but makes more sense to my *not a numbers person* mind: Let's say you can borrow from your 401k for 3%. There are probably also some fees to process this loan. Think of your 401k balance as y...
by windrose
Sat Apr 29, 2017 11:43 pm
Forum: Personal Consumer Issues
Topic: Deceptive Billing by Dermatologist?
Replies: 33
Views: 4262

Re: Deceptive Billing by Dermatologist?

My take....and I'm not a doctor, but instead a patient with some history of skin cancers....is that the Dr. actually tried to make it easier by doing both procedures at once. The alternative option would have been to handle the precancerous lesions only during that visit, and make her come back for ...
by windrose
Sat Apr 15, 2017 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Roth During Children Years?
Replies: 14
Views: 1855

Re: Roth During Children Years?

I am lower income than many on this site (career average about 38K per year) and until I started reading here, I thought it was kind of a wash when considering 401K vs. Roth. My megacorp had a traditional pension (now frozen), so there was never a match on the 401K, therefore I just put 20% into it ...
by windrose
Sat Mar 04, 2017 4:21 pm
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 124
Views: 12916

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

I think your itinerary sounds good. We all have our views/favorites, and you have a nice variety of places planned. I would take as many guided tours as you can, especially when looking at ancient sites, where you might need a little help with interpretation, since much of it is no longer there. You...
by windrose
Sat Mar 04, 2017 3:04 pm
Forum: Personal Consumer Issues
Topic: Personal assistants for work
Replies: 20
Views: 1834

Re: Personal assistants for work

I would be very careful about mixing personal and work tasks for a paid assistant, if you plan on paying them with funds from your business. While you could have them do personal tasks, you would need to keep good records to show you were not running those expenses through your business. There are s...
by windrose
Tue Sep 20, 2016 4:23 pm
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 124
Views: 12916

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

Adding another area to consider while in Tuscany--the Argentario region. It is coastal Tuscany, but closer to Rome. The 2 main popular seaside towns to visit are Porto Santo Stefano, and Porto Ercole. It is popular with Italians as a summer vacation spot, and many Romans own summer homes/apartments/...
by windrose
Tue Sep 20, 2016 1:14 pm
Forum: Personal Consumer Issues
Topic: Study Abroad program question
Replies: 34
Views: 2649

Re: Study Abroad program question

I am another who would have liked to have done a program like this, but at the time I could not afford it. After I graduated and started working, I ended up taking a different approach, and instead attended a language-only school in Europe (Italy). This was before the internet, and I learned about t...