Search found 140 matches

by OnTrack2020
Fri Feb 16, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6419

Re: How to get child's skin in the game for college?

So the issues are 1. How can a child of high earning parent get a student loan if necessary? 2. How to hold child accountable for the grades / performance to justify the free ride for college? Thanks Some harsh advice / feedback: 1) . You should feel lucky you are a high earner. You want a loan in ...
by OnTrack2020
Fri Feb 16, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6419

Re: How to get child's skin in the game for college?

Hello, I have two different issues that I need help with. Our dd is 17 and has already secured admission in local public university and will start college in Fall 2018. We have about 3.5 years of her undergrad tuition+room&board saved as of today. My husband wants to only pay 3 years of her college...
by OnTrack2020
Mon Feb 12, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Question on reporting stock/ETF/mutual fund dividends
Replies: 5
Views: 228

Re: Question on reporting stock/ETF/mutual fund dividends

Our accountant lists each separately; probably easier due to if we sell any in future years.

Also, if we are "missing" a fund from last year, it's easy to point it out if each fund is listed individually.
by OnTrack2020
Mon Feb 12, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 21
Views: 2135

Re: Accountant not doing taxes while you are there

I take all our paperwork in and sit down with our CPA for an hour. She asks me questions; I ask her questions. She runs through the numbers on paper and tells me what we will owe/get owed and also goes over any changes we should making in the future. They have a small staff that enters the numbers. ...
by OnTrack2020
Mon Feb 12, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance - and for how long?
Replies: 29
Views: 2005

Re: How much life insurance - and for how long?

You know what your purpose is in buying life insurance---a, b, and c. Now figure out how much a, b, and c would cost. "a" is your mortgage - $108,000 "b" is child care - will probably be needed up until age 12. What does child care run--$1,000 per month per child? "c" is financial support for guardi...
by OnTrack2020
Thu Feb 08, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: HSA...let me get this straight
Replies: 36
Views: 3755

Re: HSA...let me get this straight

Do I need to keep cancelled checks made to the provider, or will just the EOB suffice?
by OnTrack2020
Thu Feb 08, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: HSA...let me get this straight
Replies: 36
Views: 3755

HSA...let me get this straight

This is the first year we have an HSA. We are in our mid- and late- 50s. So, for any medical claims/bills, if we want to, we can pay out of pocket. Then, at a later date, several years down the road, we can be reimbursed for those medical expenses we are currently incurring today/this year/next year...
by OnTrack2020
Fri Feb 02, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Term insurance premiums: buy now or wait a year or two
Replies: 23
Views: 825

Re: Term insurance premiums: buy now or wait a year or two

Do you have dependents? A mortgage? Debts?
by OnTrack2020
Fri Feb 02, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Is it advantageous to have kids in college simultaneously from an aid perspective ?
Replies: 14
Views: 575

Re: Is it advantageous to have kids in college simultaneously from an aid perspective ?

We have two in college--a sophomore at a private university and a freshman at a more expensive community college. Both live on campus. I have seen no advantages from an aid perspective. They are willing to offer loans, which we simply are not interested in at this point. Would there have been more ...
by OnTrack2020
Fri Feb 02, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Is it advantageous to have kids in college simultaneously from an aid perspective ?
Replies: 14
Views: 575

Re: Is it advantageous to have kids in college simultaneously from an aid perspective ?

We have two in college--a sophomore at a private university and a freshman at a more expensive community college. Both live on campus. I have seen no advantages from an aid perspective. They are willing to offer loans, which we simply are not interested in at this point.
by OnTrack2020
Wed Jan 31, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Disney visit
Replies: 28
Views: 3461

Re: Disney visit

Both times we've been we stayed on property. We've stayed at Old Key West (on property) and it had a full kitchen in their two-bedroom villa. There are other resorts on-property that also have kitchens. There are online grocers who will deliver groceries to you. That may be a way of cutting the cost...
by OnTrack2020
Sun Jan 28, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: An Assistant to Help And Not an Employee?
Replies: 10
Views: 1128

Re: An Assistant to Help And Not an Employee?

This sounds like an employee based upon the duties you are describing.
by OnTrack2020
Sun Jan 28, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16253

Re: Dear wife quits job and now we are down to 1 income

Monthly Expenses: Mortgage, Taxes, Insurance = 1896 Electric =135 Cable, Internet, Alarm = 165 Water = 80 Cell (2 phones) = 86 Car Insurance (2 cars) = 167* Gas = 200 Car Maintenance (Unforeseen)= 75 Lunch and take out = 250 Groceries = 500 Sons formula, diapers, etc = 450 New Health Insurance cost ...
by OnTrack2020
Fri Jan 19, 2018 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Contacting store after urgent care visit?
Replies: 20
Views: 2290

Re: Contacting store after urgent care visit?

How old is your daughter? If she is of legal age, then I believe she should be the one making the phone call. If she's too embarrassed to make the phone call or go back to the store, then that is her decision. I would not expect them to pay the bill--to correct the problem of the splinters on the be...
by OnTrack2020
Mon Jan 08, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: criticize my portfolio
Replies: 7
Views: 623

Re: criticize my portfolio

Right off the bat, the VG HC Fund is a sector fund that is actively managed. That's not a bad thing---I used to have this fund and loved it. But as I've grown older, it's just too narrow in scope for me; I needed less risk. You don't mention how old you are---in your 20s or 50s?
by OnTrack2020
Mon Jan 08, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Private vs. Federal Student Loans?
Replies: 8
Views: 377

Re: Private vs. Federal Student Loans?

I cannot answer about the product differences; however, the student loans are disbursed at the beginning of each semester (1/2 at the beginning of the Fall semester; 1/2 at the beginning of the Spring semester).
by OnTrack2020
Mon Jan 08, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Math - What I am not thinking of?
Replies: 26
Views: 4186

Re: Early Retirement Math - What I am not thinking of?

I'm assuming funds for your child's education have been factored into this; I have no idea how much costs for education are in your home country.
by OnTrack2020
Tue Jan 02, 2018 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: College scholarships: How much should I pencil in for my future students?
Replies: 54
Views: 2630

Re: College scholarships: How much should I pencil in for my future students?

Many folks have suggested that their child might get a scholarship, so they save less for their child's college education. I'm wondering if any parents of college age students can shed light on the availability of scholarships today for future college students. (I'm not conducting a poll, so please...
by OnTrack2020
Sat Dec 30, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: New Job Offer Dilemma
Replies: 20
Views: 1643

Re: New Job Offer Dilemma

You have basically 1-1/2 months off with your current company. I would stay. Not many people have this generous amount of time off.

If the company you are considering is bought out, is there a chance that the position you would be taking would be eliminated?
by OnTrack2020
Fri Dec 29, 2017 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Applying for financial aid with high income
Replies: 50
Views: 3123

Re: Applying for financial aid with high income

To OP: not taking into consideration the FAFSA, would it help to think about the $150,000 your son has for 2 years of college, and instead think about dividing it up for 4 years, so now he has $37,500 for each year. That would leave you/him having to come up with the other $37,500 per year. Will he ...
by OnTrack2020
Thu Dec 28, 2017 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for financial aid with high income
Replies: 50
Views: 3123

Re: Applying for financial aid with high income

Quite frankly, I don't see how you will even be eligible for a grant. Our older son is at a private university--he receives $20k in scholarships; our younger son is at a community college; plus we have two other teenagers at home. We make much less than you, have less in non-retirement accounts, do ...
by OnTrack2020
Thu Dec 28, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 2605

Re: General question on college savings

We've never opened up any 529 plans. What we did do was put away $100 per month when our kids were younger into taxable accounts (separate taxable accounts for each kid, and we still have 2 in high school that we put money away for). We are now drawing from those taxable accounts, taking some divide...
by OnTrack2020
Thu Dec 28, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Sell some taxable to contribute to traditional IRA?
Replies: 8
Views: 661

Sell some taxable to contribute to traditional IRA?

Traditionally, we do not contribute the max to a tIRA for me. Is it wise to sell some dollars in our taxable account to make a contribution to the tIRA?
by OnTrack2020
Sat Dec 16, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Out of Network question
Replies: 37
Views: 2460

Re: Health Insurance Out of Network question

We've had a situation where our daughter had surgery on a recurring basis, and we were at the mercy of who they assigned to her. We had no control over the situation. In that case, we could either send an appeal to our insurance company. If the insurance company denied the appeal, the provider typic...
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: 123
Views: 13103

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: 267
Views: 18676

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: 6184

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: 1128

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: 3203

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: 24
Views: 2506

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: 1418

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: 13031

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: 13031

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: 1390

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: 16277

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: 2317

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: 1470

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: 171

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: 1758

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: 1628

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: 3293

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: 2779

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: 288

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: 2201

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: 5808

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: 2002

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: 2438

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: 724

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: 11027

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: 2400

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.