Search found 589 matches

by OnTrack2020
Thu Jul 02, 2020 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Too-frequent home insurance claims
Replies: 7
Views: 1042

Re: Too-frequent home insurance claims

Yes, there is truth to this. Many years ago, I called our agent's office because I wanted someone to come and look at our roof after a storm. I didn't know if there was damage or not. She advised me that if they came out to look, whether there was damage or not, it would count against us. And I reme...
by OnTrack2020
Thu Jun 25, 2020 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment Rental Guidance for Son
Replies: 12
Views: 795

Re: Apartment Rental Guidance for Son

Just a datapoint. I'm in a VHCOL area and the process usually takes one day. Yes, they do go through background and credit checks but it's usually done by third-party. The fact that it took your son two weeks is honestly very suspicious (It almost feels that they are waiting for *you* to pull back)...
by OnTrack2020
Thu Jun 25, 2020 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment Rental Guidance for Son
Replies: 12
Views: 795

Re: Apartment Rental Guidance for Son

Do these specialists with for the apartments or are they 3rd party? Get a hold of their manager regardless. Get a hold of the owner or owner's rep of the apartment regardless. You do this. Explain situation. Expect them to correct the issue. Please explain further. I do not know if the leasing spec...
by OnTrack2020
Thu Jun 25, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment Rental Guidance for Son
Replies: 12
Views: 795

Re: Apartment Rental Guidance for Son

Timeline of events: 6/9/20 - We are shown a unit that is available to rent by leasing specialist "A". Son submits application; pays $35 application fee; pays $100 administrative fee. I specifically ask another person who takes over for "A," as "A" has to show someone else a unit, how long does it ta...
by OnTrack2020
Thu Jun 25, 2020 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Apartment Rental Guidance for Son
Replies: 12
Views: 795

Apartment Rental Guidance for Son

Am hoping some of the landlords on this board can give me guidance on helping son rent an apartment. Background: Our young adult son graduated community college this spring (has a disability, but is high functioning). He took a job a little over an hour from where we live. He was very excited to tak...
by OnTrack2020
Sun Jun 21, 2020 5:35 pm
Forum: Personal Consumer Issues
Topic: Tipping Tree Trimming
Replies: 62
Views: 2853

Re: Tipping Tree Trimming

We've paid thousands of dollars for tree trimming and cutting down trees over the years--no tips paid.
by OnTrack2020
Sun Jun 21, 2020 5:31 pm
Forum: Personal Consumer Issues
Topic: Repairing car after an accident
Replies: 17
Views: 1008

Re: Repairing car after an accident

I'm not sure I understand why your insurance company isn't filing on your behalf with the other person's insurance company? Why are they closing the claim?
by OnTrack2020
Sat Jun 20, 2020 7:33 pm
Forum: Personal Investments
Topic: Please Reality Check My Portfolio (46 years old, single parent, wants to quasi-retire in 12-13 years)
Replies: 26
Views: 1997

Re: Please Reality Check My Portfolio (46 years old, single parent, wants to quasi-retire in 12-13 years)

Personally, I would not try to also fund an IRA. At some point, it can become too much funding, especially as you have some debt. Can you use bonus money or tax return money to pay toward the $19k student loan? Will your home be paid off by the time you plan to retire? I thought PIMCO had high fees-...
by OnTrack2020
Wed Jun 17, 2020 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Too Much Retirement/Not Enough for House?
Replies: 125
Views: 12307

Re: Too Much Retirement/Not Enough for House?

Hi. We a couple of parents with three kids ages 7 and under who are trying to buy a SFH in a high cost of living area. We would appreciate any advice on the following questions: 1) Did we save “too much” for retirement? 2) Should we redirect some future savings to a mortgage payment to get the hous...
by OnTrack2020
Tue Jun 16, 2020 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Quotes - How to get multiple quotes quickly and easily?
Replies: 12
Views: 872

Re: Homeowners Insurance Quotes - How to get multiple quotes quickly and easily?

Yes, find a local insurance agency. We found ours through the phone book, back when they had phone books. They can get you multiple quotes and will usually shop around for the best deal for you.
by OnTrack2020
Mon Jun 15, 2020 7:14 am
Forum: Personal Consumer Issues
Topic: Kitchen Counter Top Appliance with Multiple Functions?
Replies: 22
Views: 1588

Re: Kitchen Counter Top Appliance with Multiple Functions?

If we were going to downsize and had limited counter space, these are the items we would consider: I second the instant pot--a smaller size one for small spaces would probably work better. We have a larger size one. We use it mainly for sauteing, soups, spaghetti, or cooking rice. Clean up is a bree...
by OnTrack2020
Sun Jun 14, 2020 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: best way to give away a table saw
Replies: 53
Views: 3220

Re: best way to give away a table saw

My subdivision has a private Facebook group and physical bulletin board and either of those would quickly get rid of it to someone in the subdivision. Depending on what you area is like you could also just roll it out to the curb with a "free" sign on it and it might also quickly disappear. I would...
by OnTrack2020
Sat Jun 13, 2020 9:55 pm
Forum: Personal Consumer Issues
Topic: Feminine Beauty Products - best bang for your buck?
Replies: 35
Views: 3368

Re: Feminine Beauty Products - best bang for your buck?

30 year old female, realizing my college beauty product regiment is no longer doing the job so looking for some replacements. Looking for products I could find at Target/Amazon, not at department store prices. Dry sensitive skin with lots of acne scars Starting to get forehead/eyebrow wrinkles Mous...
by OnTrack2020
Wed Jun 10, 2020 7:39 am
Forum: Personal Finance (Not Investing)
Topic: So Are Home Renovations Worth It (Financially) Or Not?
Replies: 105
Views: 7420

Re: So Are Home Renovations Worth It (Financially) Or Not?

If I'm not mistaken, it's normally said that home renovations don't increase the value of a home at more than the amount of money put into it. Maybe there are some rare exceptions? But you watch HGTV and every house renovated on every episode of every show, shows the appraised value at higher than ...
by OnTrack2020
Wed Jun 10, 2020 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Newborn in Maryland; 529 Worth It?
Replies: 16
Views: 1180

Re: Newborn in Maryland; 529 Worth It?

We put all ours in taxable for the very reasons you specified. We sold shares as needed, cash flowed some, used bonuses, used the education tax credit funds, child had scholarship, child worked and contributed, child took out small loan. It all worked out. So glad we didn't tie it up in a 529.
by OnTrack2020
Wed Jun 10, 2020 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Relative giving money to start medical practice
Replies: 12
Views: 1637

Re: Relative giving money to start medical practice

Since your relative strongly believes in you and the potential business that is needed in your town and really wants to see you succeed, what about splitting the loan? $200k from bank at current interest rate, and $200k from relative at an interest rate determined by your CPA/tax attorney. They will...
by OnTrack2020
Wed Jun 03, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance for a 23 year old
Replies: 35
Views: 1793

Re: Life Insurance for a 23 year old

Agree with seeing if your work provides life insurance. You may have already signed up for employer-paid life insurance through work?

Also, we didn't get any life insurance until we had children. We probably should have purchased it when we bought a home, but waited until we had a child.
by OnTrack2020
Wed Jun 03, 2020 7:21 am
Forum: Personal Investments
Topic: Shack or McMansion?
Replies: 28
Views: 4073

Re: Shack or McMansion?

Hello Bogleheads, I recently sold my country home and am living in a temporary place (VERY small condo - very little space and privacy), and wish to purchase a house again, this time in town closer to my job. I'm trying to figure out how much house I can (or should) afford. 1.2K in cash/stocks/bond...
by OnTrack2020
Wed Jun 03, 2020 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Selling wife's 1-year old car?
Replies: 86
Views: 6099

Re: Selling wife's 1-year old car?

Out of $96k, $28k, and $60k, how much are you planning on using for down payment on home? given the ultra high COL here, most of it...unfortunately. Okay, I see. Given this information, then this is what I would do. Pay off the Forester ($7k) and give her that car to drive--as long as that Forester...
by OnTrack2020
Wed Jun 03, 2020 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Selling wife's 1-year old car?
Replies: 86
Views: 6099

Re: Selling wife's 1-year old car?

Out of $96k, $28k, and $60k, how much are you planning on using for down payment on home?
by OnTrack2020
Wed Jun 03, 2020 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Selling wife's 1-year old car?
Replies: 86
Views: 6099

Re: Selling wife's 1-year old car?

Between the two of you, there is $96,000 in savings and $28,000 in checking. Have you considered paying off both cars? If she likes the Mazda, then keep it. A possible issue is that you want something that's fairly accessible/easy to get a car seat in and out. Edited to add: Plus there is joint savi...
by OnTrack2020
Sun May 31, 2020 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Potentially Take Job Offer or Not
Replies: 17
Views: 1640

Re: Potentially Take Job Offer or Not

I'd stay put and keep looking.
by OnTrack2020
Tue May 26, 2020 5:35 pm
Forum: Personal Consumer Issues
Topic: Cross country road trip from MA to Glacier NP and Yellowstone NP
Replies: 45
Views: 2350

Re: Cross country road trip from MA to Glacier NP and Yellowstone NP

Hello All, With the current situation, family is thinking about a road trip instead of flying anywhere in summer. We're planning a road trip with two kids (10-13) driving from MA to Glacier NP & Yellowstone NP. For 2 weeks. Are we crazy to do this? With stopping on the way, it'd easily be 3 days to...
by OnTrack2020
Sun May 24, 2020 8:39 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 370
Views: 31221

Re: The axe falls and I am prepared. What's next?

Folks, So, it happened. I will be laid off by the end of June. The basic financial stuff: A) 3 months severance pay B) 1 year subsidized medical insurance. C) 1 year COBRA D) 110K to 120K of the Emergency Fund E) 1.35 to 1.4 million 60/40 portfolio F) Late 50+ years old. G) Annual expense of about ...
by OnTrack2020
Sun May 24, 2020 8:09 am
Forum: Personal Finance (Not Investing)
Topic: What do people spend money on?
Replies: 52
Views: 5154

Re: What do people spend money on?

If it were me and we were saving that amount of money per year, and looking backwards to your age especially with 2 small children, I would absolutely, absolutely focus on their education from pre-school on up through college--make sure they are getting the best education available. And I would also...
by OnTrack2020
Mon May 18, 2020 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating expensive house purchase during pandemic
Replies: 41
Views: 4007

Re: Contemplating expensive house purchase during pandemic

Can you rent a 3-bedroom in your current complex? At least you wouldn't have to move very far.
by OnTrack2020
Sat May 16, 2020 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?
Replies: 62
Views: 3918

Re: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?

Keep the cash. Sell the car later if need to.

There's another thread on here about a family whose commissions may be cut.
by OnTrack2020
Sat May 16, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7853

Re: Income about to be halved - what do we do?

How many children do you have and what are their ages? Are they driving? The reason that I ask is because the insurances sound really high at over $15,000 per year. Maybe see about increasing the deductibles? I, for the time being, would not contribute one more penny to any 529 plan. The electric bi...
by OnTrack2020
Sat May 16, 2020 8:34 am
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10668

Re: Please tell me I'm not crazy

For whatever it's worth, I do sleep really well at night. koalb, Have you ever been unemployed in a recession? Perhaps, you have never been tested. Ignorant is bliss. I "Sleep Well At Night" (SWAN) through 2008/2009 GFC. My employer laid off 50% of its employees on 1/1/2009. Through Telecom Bust, m...
by OnTrack2020
Sat May 16, 2020 8:26 am
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10668

Re: Please tell me I'm not crazy

So here's a few questions I'd pose back to the group after reading the comments: For those of you that advocate having greater than a 6-month EF in cash... Why? Having 12, or 24 months makes sense if it's just a small percentage of your overall portfolio, I could see how that makes sense. But if th...
by OnTrack2020
Sat May 16, 2020 7:50 am
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10668

Re: Please tell me I'm not crazy

So let me offer two follow-up posts – one a bit more tactical (which is this one here), and another one a bit more philosophical, because some of you are raising questions in my mind that I'd enjoy debating further. So here's the cut and dried take. After I logged off last night, I went upstairs an...
by OnTrack2020
Fri May 15, 2020 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Mountain cabin?
Replies: 24
Views: 3790

Re: Mountain cabin?

Yes, at this point in time, you can afford to renovate the smaller cabin. A 750-square foot cabin is not that large of a space and shouldn't cost that much to renovate. You are probably not going to be using high end materials for a cabin that you visit part-time. It shouldn't be terribly physically...
by OnTrack2020
Thu May 14, 2020 10:12 pm
Forum: Personal Consumer Issues
Topic: Secrets to a great lawn
Replies: 65
Views: 5411

Re: Secrets to a great lawn

Regarding crabgrass, I ended up doing some further reading about it a few years ago and bought an inexpensive soil thermometer so we could take the temperature and apply crabgrass preventer when the soil reached a certain temperature range. For the past few years, I've been doing this and it's defin...
by OnTrack2020
Wed May 13, 2020 10:39 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 236
Views: 14501

Re: Delta Sky-nightmare

I'm not sure I understand. OP wants a refund, not a credit. Am assuming this was put on credit card, and seems like you've done everything under the sun to reach Delta, but getting nowhere/no response. Can you file a dispute with your credit card company to get your money back?? That's the route I'd...
by OnTrack2020
Wed May 13, 2020 5:38 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 11330

Re: Dentist charges $10 for PPE

I don't know if this has been posted up above and apologize if it has, but here's an article in Market Watch today regarding the expense for dentists for PPE, infection/sanitation control, etc. Down toward the bottom, it says that the ADA has signed off on allowing dentists to charge $10 for PPE. ht...
by OnTrack2020
Sat May 09, 2020 10:31 pm
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6230

Re: College age kid wrecked his car...

Fantastic! Glad to hear everything worked out!
by OnTrack2020
Sat May 09, 2020 7:57 pm
Forum: Investing - Theory, News & General
Topic: New college graduates - what's the job situation?
Replies: 12
Views: 2501

Re: New college graduates - what's the job situation?

We have 2 college grads in the house. Grad #1 will be starting a new position in a few weeks in the field he studied--work from home for the time being. Am thankful he will have work considering the current environment. Grad #2 hasn't really been looking because he's been working on projects during ...
by OnTrack2020
Sat May 09, 2020 12:27 pm
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6230

Re: College age kid wrecked his car...

It never ceases to amaze me that on this board, people think college students should be or are making thousands and thousands of dollars while going to college to afford to buy a car, pay for an apartment and all utilities, pay for food, pay for insurance, and pay for their own college education be...
by OnTrack2020
Sat May 09, 2020 12:13 pm
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6230

Re: College age kid wrecked his car...

It never ceases to amaze me that on this board, people think college students should be or are making thousands and thousands of dollars while going to college to afford to buy a car, pay for an apartment and all utilities, pay for food, pay for insurance, and pay for their own college education be...
by OnTrack2020
Sat May 09, 2020 11:54 am
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6230

Re: College age kid wrecked his car...

Many used cars in the $1,500 to $5k range. Good life lessons. OP can afford different options. I would find an acceptable beater. +1 why 8-10 k? Why not 1-2k? I have a very nice car and a beater I only drive to work . I tell my kids all the time , “this 1996 Saturn will be your first car “ Because ...
by OnTrack2020
Sat May 09, 2020 7:47 am
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6230

Re: College age kid wrecked his car...

Many used cars in the $1,500 to $5k range. Good life lessons. OP can afford different options. I would find an acceptable beater. +1 why 8-10 k? Why not 1-2k? I have a very nice car and a beater I only drive to work . I tell my kids all the time , “this 1996 Saturn will be your first car “ Because ...
by OnTrack2020
Sat May 09, 2020 7:15 am
Forum: Personal Finance (Not Investing)
Topic: High Income, next financial move?
Replies: 31
Views: 3169

Re: High Income, next financial move?

How old are you? Are you in your 30's or in your 50's?
by OnTrack2020
Sat May 09, 2020 6:46 am
Forum: Personal Investments
Topic: College age kid wrecked his car...
Replies: 113
Views: 6230

Re: College age kid wrecked his car...

Am assuming since child hit a deer, that he lives in an area where people rely more on autos for transportation and there may not necessarily be Uber/Lyft readily available? Here's what I would consider doing: Stimulus check - $2400 (If you haven't received it yet, draw from money market and then re...
by OnTrack2020
Fri May 08, 2020 11:33 am
Forum: Personal Consumer Issues
Topic: K-8 Online Learning - Use an online charter school next year?
Replies: 9
Views: 477

Re: K-8 Online Learning - Use an online charter school next year?

Currently, our kids are doing distance learning with review material only. With the updates given from the administration, some kids aren't even turning in homework. But I suppose that happens in a regular school environment also. From what I can tell, I don't believe that many kids are interested i...
by OnTrack2020
Thu May 07, 2020 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Pay Sibling's Undergrad or Refinance Parent's Mortgage
Replies: 52
Views: 3300

Re: Pay Sibling's Undergrad or Refinance Parent's Mortgage

I say this as a mom who has 2 kids graduating from college this year: First of all, if your brother is super smart and highly mathematically inclined, do not let him go to a community college. It will probably bore him to tears. Also, from my reading, the pay difference between computer science and ...
by OnTrack2020
Wed May 06, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to make out a scholarship check
Replies: 3
Views: 274

Re: Best way to make out a scholarship check

Our kids receive a scholarship from an outside organization after filling out a very short application. The check is made payable to them and the college.
by OnTrack2020
Tue May 05, 2020 8:36 am
Forum: Personal Investments
Topic: delete
Replies: 39
Views: 7304

Re: If I put 1 million in Wellesley and lived on 35k a year how long would the money last if I took dividends and capita

Someone check my math, but currently, I believe, the dividends would throw off around $29,000 per year. Capital gains would vary, but will probably put you over the additional $6,000 a year you are asking about.
by OnTrack2020
Tue May 05, 2020 6:52 am
Forum: Personal Consumer Issues
Topic: Best [BBQ grill] for the money?
Replies: 94
Views: 6442

Re: Best [BBQ grill] for the money?

The best grill/s you will ever buy are the small tabletop grills for under $20. They are compact and work great. At the end of the grilling season, either keep it or throw it away and buy another one the following year. You will be able to buy 25 years worth of grills with your $500.
by OnTrack2020
Sun May 03, 2020 10:29 am
Forum: Personal Investments
Topic: DAD Trying to accumulate wealth for his lil Girl (Special Needs)
Replies: 27
Views: 3854

Re: DAD Trying to accumulate wealth for his lil Girl (Special Needs)

Can you give us more information about your child? Is your daughter going to need round-the-clock care? Will you need modifications made to your house for items such as a wheelchair? Or is the special need milder in nature? Sometimes an operation resolves the issue and the child goes on to live a v...
by OnTrack2020
Sat May 02, 2020 10:49 pm
Forum: Personal Investments
Topic: DAD Trying to accumulate wealth for his lil Girl (Special Needs)
Replies: 27
Views: 3854

Re: DAD Trying to accumulate wealth for his lil Girl (Special Needs)

Can you give us more information about your child? Is your daughter going to need round-the-clock care? Will you need modifications made to your house for items such as a wheelchair? Or is the special need milder in nature? Sometimes an operation resolves the issue and the child goes on to live a ve...