Search found 116 matches

by OnTrack2020
Sun Dec 10, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 101
Views: 8404

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

There is so much wisdom on this site, I’m hoping to tap into it yet again. My DH and I have been married for 10 years and have one DD, age 8. Although we have plenty of advantages (both college educated, good jobs, etc) we still are what I would call bumbling through life and rudderless. Part of th...
by OnTrack2020
Wed Dec 06, 2017 6:16 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 174
Views: 9616

Re: Do people still use AAA?

Yes, and in our area, they contract with local people. We've been members for years--and now that our kids are of driving age, we added them on. Our son recently pulled over because a lot of smoke was coming into the inside of the vehicle, so we had it towed. The paperwork process on AAA's side has ...
by OnTrack2020
Mon Dec 04, 2017 7:14 am
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 5743

Re: It's that time of year again... buying christmas gifts

We budget by having money automatically deducted from husband's paycheck which goes into a Christmas club account. It's not an enormous amount, around $1,000---but always gets spent. This method has served us well over close to the past two decades. Husband and I do not exchange gifts anymore. We wi...
by OnTrack2020
Fri Nov 24, 2017 6:53 pm
Forum: Personal Consumer Issues
Topic: Car on last legs - need advice on transferring tag ...
Replies: 20
Views: 1006

Re: Car on last legs - need advice on transferring tag ...

I'm confused....when we purchased a new car, the dealer put an in-transit sticker in the window. We were not trading in though. However, when I went to the courthouse to register the vehicle, the woman told me that if we were trading in, we could take our old plates/tag and put them on the new vehic...
by OnTrack2020
Fri Nov 24, 2017 9:06 am
Forum: Personal Consumer Issues
Topic: CAR: Buy new, buy used (2016), lease new
Replies: 56
Views: 2838

Re: CAR: Buy new, buy used (2016), lease new

We were able to get a 2016 (new----had twenty miles on it) vehicle at a fairly decent discount, plus we still had the warranty. You might find one on a dealer's lot that never sold from that year. I'm not sure I would lease.
by OnTrack2020
Thu Nov 23, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Should we buy term life insurance?
Replies: 20
Views: 1848

Re: Should we buy term life insurance?

We bought 15-year level term policy/ies when our children were babies. You have "older" children. We purchased our policies to get our children to their teen/late teen years where they would be working at least part-time by then and fairly self-sufficient, but not to get them through college as we f...
by OnTrack2020
Tue Nov 21, 2017 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much longer do I need life insurance?
Replies: 19
Views: 1303

Re: How much longer do I need life insurance?

We bought a couple of 15-year level term policies when our boys were young (around age 1 or 2). We also have two teen daughters. After the 15 years went by, the premiums increased. I'm with the OP here. You can plan and plan and plan. However, the policies that we bought when our boys were young had...
by OnTrack2020
Tue Nov 21, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 156
Views: 12074

Re: Help DW gets fired, but then next day her boss offers her job back

My guess is that there may not be enough money to pay her possibly, therefore the request of the 25% pay cut??
by OnTrack2020
Tue Nov 21, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 156
Views: 12074

Re: Help DW gets fired, but then next day her boss offers her job back

Does she like her job? Does she want to return? So, let me get this straight...the boss just let your wife go, and now the boss is going to let her replacement go also? Sounds very unstable.... Maybe if wants to return, she should negotiate a reduction in hours worked per week and ask to keep the in...
by OnTrack2020
Mon Nov 20, 2017 11:14 am
Forum: Personal Consumer Issues
Topic: Do you record customer service interactions?
Replies: 23
Views: 1225

Re: Do you record customer service interactions?

You bet. I typically write down name, date, and what the outcome is. I remember a long time ago, I had to call the same company back and when I told them the name of the person that I spoke to, they told me they had noone there by that name--and the name was a very simple name, so it wasn't as if I ...
by OnTrack2020
Sat Nov 18, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15202

Re: Why pay cash for a car?

We bought a new car recently--it was a 2016 that had 20 miles--and there were specific insurance requirements that we had to meet when we took out a loan.
by OnTrack2020
Wed Nov 15, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 2097

Re: How much to charge for nanny services on New Year's Eve?

I would not expect your wife to travel (even if it's close) on New Year's Eve to babysit. This is for one evening--to watch children. If she wants to earn some additional cash, could she do a flyer promoting her services for that evening only? As another person mentioned, charge a flat fee for the e...
by OnTrack2020
Thu Nov 09, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: FSA Worth the Hassle?
Replies: 11
Views: 1345

Re: FSA Worth the Hassle?

Why are you having problems getting reimbursed?
by OnTrack2020
Thu Nov 09, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: HSA Family Account/Question
Replies: 1
Views: 146

HSA Family Account/Question

Hi, we are in the midst, as is everyone else, of deciding on a health care plan for 2018 and have decided to switch to an HSA (through husband's work--he is 58). We have 4 kids aged 20 and under who will be on the plan. Employer pitches in $1,000 over the year. It will be through Bank of America. Ou...
by OnTrack2020
Wed Nov 08, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Auto Insruance Payment
Replies: 29
Views: 1596

Re: Auto Insruance Payment

We are full pay every 6 months. Can't remember off the top of my head what the figure is, but we get a discount for paying in full. It was worth it to us to pay in full versus getting hit with the service charge every month--think ours is $5 per month.
by OnTrack2020
Tue Oct 31, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: Want to move kids' iPhones to a cell carrier without data overages
Replies: 18
Views: 1466

Re: Want to move kids' iPhones to a cell carrier without data overages

Four teens here....we also have Verizon. As above poster mentioned, go into your account and put it on "Safety Mode." I had a friend who told me about this and so decided to try. It's been great--no more overages!
by OnTrack2020
Tue Oct 31, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Invalid airline ticket, seeking reimbursement
Replies: 36
Views: 3038

Re: Invalid airline ticket, seeking reimbursement

As they were two different airlines, why did Expedia pay only A#1? They should have paid A#1 and A#2 separately. I view this as Expedia's problem. Yes, agree with others, file with your credit card company as soon as possible. I have never bought a ticket using this route (no pun intended), and, aft...
by OnTrack2020
Tue Oct 31, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: New baby and considering going to one income
Replies: 28
Views: 2549

Re: New baby and considering going to one income

We went to one income around 17 years ago....with less income and less invested than you have currently. Things have a way of working out. And we now have 4 teens (2 of them in college). You will not regret it. Every time I thought about returning to work---it lasted for about 30 seconds....then wen...
by OnTrack2020
Mon Oct 30, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: American Opportunity Tax Credit Questions
Replies: 2
Views: 264

Re: American Opportunity Tax Credit Questions

Our older son purchases his books at the university (bookstore) he attends. The purchased books show up as a separate line item on his tuition statement. Our younger son pay for his books at the community college he attends. We have him save his receipts. He pays for the books out of his checking ac...
by OnTrack2020
Sun Oct 29, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Paying for babie's future college
Replies: 23
Views: 2031

Re: Paying for babie's future college

We chose taxable accounts. Our son, ended up choosing private versus public, had much more in the way of scholarships at a private versus public university. However, when all was said and done, the cost was pretty much the same as a public university has to spread the money around; therefore less in...
by OnTrack2020
Fri Oct 20, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: I have to fire someone that I care about personally
Replies: 83
Views: 5406

Re: I have to fire someone that I care about personally

Obviously, you (and your talent agency) are looking for a performer/entertainer, not a person with talent (which you already have, according to what you wrote). We older folks pretty much know talent and can hear talent. Doesn't matter what the person looks like. It's the younger people who buy into...
by OnTrack2020
Thu Oct 19, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Need investment advice since wife became stay-at-home mom
Replies: 19
Views: 1877

Re: Need investment advice since wife became stay-at-home mom

We are you.....only 20 years later. I'm still a SAHM, but 4 kids (2 in college). This is what we've done, not necessarily right for everyone, it's just what we've done. Have steadily increased husband's 401k contribution over the years. Since no 401k for me, we've contributed to traditional IRA over...
by OnTrack2020
Fri Oct 13, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Need help with family financial situation - sheltering money / medicaid
Replies: 22
Views: 2282

Re: Need help with family financial situation - sheltering money / medicaid

Hmmm, we had something a little similar, but not quite. My mother went into a nursing home at age 61. My father went to see an attorney and did, I believe, a plain division of assets. There was no legal separation or filing of divorce. There was just a division of the assets on paper. However, my fa...
by OnTrack2020
Thu Oct 12, 2017 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Think I goofed on a recent HSA transaction
Replies: 5
Views: 669

Re: Think I goofed on a recent HSA transaction

I've been through this before, only ours was a flexible spending account, with the FSA debit card. The same thing happened with my dentist a few times. You pay what they think you will owe, only to find out that you owe less. What the insurance company told me to do (and it really is pretty easy) is...
by OnTrack2020
Sun Oct 08, 2017 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 10551

Re: Third time in my 32 year career I have been laid off

I do not understand this post/thread at all. The OP has real estate valued at over $1m, plus $1.6m in investments. I'd figure out a way to sell both properties (not in the same year), move to a LCOL area. Either buy a nice condo/small house or rent and enjoy life. In a LCOL area, you can buy a nice ...
by OnTrack2020
Fri Oct 06, 2017 5:20 am
Forum: Personal Finance (Not Investing)
Topic: Negotiating merit scholarships
Replies: 32
Views: 2199

Re: Negotiating merit scholarships

My question is, is the $35,000 scholarship strictly for the academics, or is that money an academic and extracurricular scholarship? If it's strictly academic, then did your nephew participate in any extracurriculars in school that the U of A might give him additional monies for.
by OnTrack2020
Thu Sep 28, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Lost my job and looking for advice on next steps
Replies: 43
Views: 5493

Re: Lost my job and looking for advice on next steps

My husband and I are roughly the same age as you and your wife. We also have one son with 2.5 years left of private college (along with 3 other teens). I think the first thing to do is take a look at health insurance and what you will do after the 4-month period ends? Will you be able to purchase CO...
by OnTrack2020
Sat Sep 23, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard college calculator and some questions
Replies: 16
Views: 958

Re: Vanguard college calculator and some questions

I have been using this Vanguard calculator to get an idea where I am in terms of Saving for my kids college : https://vanguard.wealthmsi.com/csp.php# Is tuition increase really 5% per year like calculator defaults to? Looks like I’ll be paying 350k for tuition and board for my 13year old daughter f...
by OnTrack2020
Fri Sep 22, 2017 7:35 am
Forum: Personal Consumer Issues
Topic: Bank Employees - comfort level of getting a loan through employer?
Replies: 9
Views: 746

Re: Bank Employees - comfort level of getting a loan through employer?

About the only thing "new" I can think of would be if you provide them tax returns, they would see your dividend income, IRA deduction if traditional IRA, etc. My husband is not a bank employee, but never felt quite comfortable with providing all of that information at his company credit union, so w...
by OnTrack2020
Tue Sep 19, 2017 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Take The Lump Sum or The Immediate Annuity?
Replies: 34
Views: 3369

Re: Take The Lump Sum or The Immediate Annuity?

My husband was in this position late last year. He is not yet 60 years of age. We chose to do a lump sum rollover. Bottom line----we wanted to manage it ourselves, and we wanted to be able to leave some to our children. I am quite impressed with the numbers the poster who invested conservatively ove...
by OnTrack2020
Mon Sep 11, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do 20 or 25 Year Term Life Insurance?
Replies: 49
Views: 3917

Re: Should I do 20 or 25 Year Term Life Insurance?

We bought insurance around your age---our son was under 1-year old at the time. We bought a 15-year level term policy. We didn't insure for remotely close to what you are, but rather around $100k-$200k. We figured that our child/children would be working part-time in their teens or otherwise be clos...
by OnTrack2020
Wed Sep 06, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 85
Views: 5271

Re: how often does high ACT score == scholarship?

Our son, now a college sophomore, received a 27 (3 times) on the ACT. His GPA was fairly high. He was offered $1,000 from our in-state flagship university. He was offered $80,000 in renewable scholarships ($20k per year) from a private school. He eventually chose the private. Whether private or publ...
by OnTrack2020
Wed Sep 06, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Question re: additional pension interest
Replies: 1
Views: 257

Question re: additional pension interest

My husband received a lump sum pension amount late last year and we rolled it over into an IRA. There were pre-tax and post-tax monies, so some of the amount went into a Roth and some into a traditional IRA (we set up 4 accounts within the tIRA). My husband received a notice last week that after the...
by OnTrack2020
Thu Aug 31, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Spinning off 23 Year Old Son (Car)
Replies: 17
Views: 1439

Re: Spinning off 23 Year Old Son (Car)

We just had a discussion with our insurance agent not too long ago about this--at what age do they get their own insurance. She said around the age of 25 they should have their own insurance. Our younger son, who is 18, wants to purchase a better vehicle next year (at age 19). We asked if he should ...
by OnTrack2020
Thu Aug 31, 2017 3:17 pm
Forum: Personal Consumer Issues
Topic: Hurricane Harvey relief?
Replies: 42
Views: 3445

Re: Hurricane Harvey relief?

I will also give a 2nd mention to Operation BBQ Relief. They first got started providing meals after a tornado. I think that's when we first gave to them; but I can't seem to remember how we first heard about them. They provide meals for dislocated individuals and the first responders when these typ...
by OnTrack2020
Wed Aug 30, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Concerns about under/over funding 529
Replies: 16
Views: 1478

Re: Concerns about under/over funding 529

This is really hard to plan for. We have all of ours in taxable. Do I wish we'd done 529s? I don't know...I don't think so. Our kids are all over the place in terms of college "ability." We have one attending a private university. For him, I wish we would have saved more, but we are managing. With s...
by OnTrack2020
Tue Aug 29, 2017 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8691

Re: Relative angry I will not co-sign

It seems that this is a fairly substantial amount if they are asking you to co-sign for a house, or you couldn't afford the home on your own. If he were to default in any way, you'd be on the hook. If you co-sign and he doesn't pay his income taxes, and a lien is placed on the house by the IRS, you ...
by OnTrack2020
Tue Aug 29, 2017 6:08 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8691

Re: Relative angry I will not co-sign

How much was he asking for?
by OnTrack2020
Sun Aug 27, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: Stay or not - natural disaster
Replies: 16
Views: 1924

Re: Stay or not - natural disaster

I am so surprised that residents weren't asked to evacuate. Not so much due to the hurricane itself, but due to the absolutely astounding amount of rain that was being predicted in areas. When we get 4 or 5 inches of rain, it is a lot of rain, but 24 inches!!!.......I can't even imagine staying arou...
by OnTrack2020
Wed Aug 23, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Sharing information with insurance agents.
Replies: 18
Views: 1540

Re: Sharing information with insurance agents.

NotWhoYouThink wrote:
Wed Aug 23, 2017 7:11 am
If they don't know your assets, how do they know how much whole life they can sell you?
Why would one purchase whole life??
by OnTrack2020
Wed Aug 23, 2017 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Sharing information with insurance agents.
Replies: 18
Views: 1540

Re: Sharing information with insurance agents.

I do believe disability insurance is based upon what income you are currently making, so I would assume in order to ever pay out on a policy, they would need to know how much you are making. For instance, if a policy was to replace 75% of your income, they would need to know your income. I'm a SAHM ...
by OnTrack2020
Wed Aug 23, 2017 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Paying for college with 529 money
Replies: 14
Views: 1098

Re: Paying for college with 529 money

I would say that it's dependent on a variety of factors. You obviously know that you can pay 100% for community college. If the child transfers to a 4-year or even starts at a 4-year state school, you can pretty much pay tuition, room, and board. What does your son want to do? And how long would it ...
by OnTrack2020
Wed Aug 16, 2017 7:08 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 130
Views: 9515

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: 45
Views: 9878

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: 5352

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: 3883

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: 3883

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: 301

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: 37
Views: 8257

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: 1530

Re: Buying a house as a student

Is pharmacy school that inexpensive where you can pay for tuition and a mortgage with $70k?