Search found 8 matches

by xsas
Tue Jan 05, 2016 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: helping niece with low cost mutual funds
Replies: 9
Views: 712

Re: helping niece with low cost mutual funds

Thanks sawhorse for your response. Her father is my brother-in-law, my sister's husband. She is making very little right now and made little in 2015 because she is working in Africa, so TLH is a no go. I'm going to back off. I have to let her make her own mistakes, it's the best way to learn. Thank ...
by xsas
Tue Jan 05, 2016 9:35 am
Forum: Personal Finance (Not Investing)
Topic: helping niece with low cost mutual funds
Replies: 9
Views: 712

Re: helping niece with low cost mutual funds

Thanks Drakinson and gwrvmd for your input. I agree with letting her learn on her own, and I also have learned that it is not my place to go beyond answering her questions and pointing out books she may benefit from. I will show her your responses and then I will back out of the picture. Happy New Y...
by xsas
Mon Jan 04, 2016 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: helping niece with low cost mutual funds
Replies: 9
Views: 712

Re: helping niece with low cost mutual funds

Thanks EHEngineer, I get your point about setting expectations. As for the 10 wait for a condo, she works in Africa right now and will do so for some time in the future.

Jpelder, thanks. She and I will read up on defined-maturity and target date bond ETF.

xsas
by xsas
Mon Jan 04, 2016 10:18 am
Forum: Personal Finance (Not Investing)
Topic: helping niece with low cost mutual funds
Replies: 9
Views: 712

helping niece with low cost mutual funds

Happy New Year. Last year my 27 yo niece participated in a healthcare class action suit that netted her about 80K. Before she received her money I tried to educate her on low cost index funds, however, her father's "friend", a financial salesman, got to her first and put her in the followi...
by xsas
Thu Aug 21, 2014 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Enough retirement income to avoid Medicaid
Replies: 30
Views: 4015

Re: Enough retirement income to avoid Medicaid

I'm in the same boat, living on my savings and don't have enough income to avoid Medicaid. However, I think a Roth conversion is considered income. So, a TIRA to Roth IRA conversion of > 12,000 will put you over the cutoff dollar amount.
by xsas
Sun Jul 28, 2013 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: lost job - can I retire now
Replies: 39
Views: 6387

Re: lost job - can I retire now

Mittchell777, you're right it is low. My monthly SS, if I continue to work until my full retirement age, would be 2,423, and at age 62 if would be 1,725. I'm not sure how to calculate SS when one stops working before 62.

Mur44, yes I estimate monthly health care premiums to be $700.
by xsas
Fri Jul 26, 2013 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: lost job - can I retire now
Replies: 39
Views: 6387

Re: lost job - can I retire now

Thank you for taking the time to respond to my question, you have given me a lot to think about. I want so badly to retire, however, I do agree that I need at least 1 more full year and then perhaps a few years at part-time work. My original target nest egg was 1 million and I think I will stick wit...
by xsas
Fri Jul 26, 2013 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: lost job - can I retire now
Replies: 39
Views: 6387

lost job - can I retire now

Hi all, Lost my job today. However, I'm hopeful I can retire now. I’ll be 57 at the end of the year and feel that my total nest egg may be big enough to start my retirement now. This is my first posting, but I've been reading this blog for awhile and I value your opinions and would appreciate your t...

Go to advanced search