Search found 18 matches

by DarthSage
Tue Oct 17, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents want to give to grandkids
Replies: 28
Views: 2135

Re: Grandparents want to give to grandkids

As others have said, every family is different. Here is how this worked out in our family: MIL had two sons. She was adamant from the beginning that anything she had was to be divided 50/50 between the sons (and their families). BIL has 3 kids, we have 4. MIL set up UTMAS for all 7 grandchildren. Th...
by DarthSage
Thu Oct 12, 2017 7:01 am
Forum: Personal Consumer Issues
Topic: Ecuador safe to travel and hike?
Replies: 21
Views: 2185

Re: Ecuador safe to travel and hike?

I haven't been there personally, but my oldest daughter spent a semester in Quito last year--she's a bilingual education teacher. She was a student at the time (age 21). She reported that she felt very safe generally. She never had anything stolen, but a couple friends did. She lived in Quito, and u...
by DarthSage
Thu Oct 12, 2017 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 6222

Re: Best Career Advice for those over "50"

My husband is 55 and likes his job, so he's not looking to retire or otherwise move on any time soon. However, we: (a) have enough that he could retire tomorrow (b) have a "Plan B" that he could work, should he feel the need or desire; and (c) he just got approved to go back for a second Master's de...
by DarthSage
Wed Oct 11, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 13646

Re: [Boglehead vs Mr Money Mustache philosophies]

I read on both sites, and I find them to be very complementary. TBH, I haven't actually looked at MMM as a person, just read threads on various topics that interest me. DH and I are in our mid-50's, we pretty much have our own personal investing style--I read more to tweak things, maybe get ideas, r...
by DarthSage
Mon Oct 09, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Funding and buying my parents retirement home? Question on contract and siblings
Replies: 4
Views: 698

Re: Funding and buying my parents retirement home? Question on contract and siblings

Is the land one parcel or two? You mentioned that you own "almost half". If it's two parcels, do both have road access? Would it be possible for your parents to build their retirement home on "their" half, keeping your land (and financial interest) separate? If it's all one parcel, your best bet is ...
by DarthSage
Thu Oct 05, 2017 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11076

Re: Millionaire Next Door (Thank you Bogleheads)

Congratulations! I'm sure your mom is very proud, looking down at you. :beer We also "live next door", and like you, can't talk about it. Well, I can with my sister--she also "lives next door". Our brothers have no clue. When we hit the milestone, DH and I made a pact not to tell anyone. But a coupl...
by DarthSage
Mon Oct 02, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: For buying house: how do you know which schools are "good"?
Replies: 56
Views: 3725

Re: For buying house: how do you know which schools are "good"?

I realize that you are looking way ahead, but I'll give you some of my insights, from having had to consider the varied needs of 4 children and 2 moves: Look at what the school offers in terms of enrichment. Along these lines, look at how the school handles students with special needs--any type of s...
by DarthSage
Sun Oct 01, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Suggestions for 22 year old daughter's portfolio?
Replies: 29
Views: 2144

Re: Suggestions for 22 year old daughter's portfolio?

mack125 wrote: ↑
Sun Oct 01, 2017 10:30 am
Perhaps your adult daughter should make this decision for herself and solicit your guidance if needed.
This. She's clearly smart, and an adult. Even if she doesn't make the "best" choice, she needs to make her own decisions, and they have to be ones that let her sleep through the night.
by DarthSage
Fri Sep 29, 2017 9:58 am
Forum: Investing - Help with Personal Investments
Topic: How should I should allocate my inheritance
Replies: 17
Views: 1739

Re: How should I should allocate my inheritance

I think a 1-year CD is a great idea if you're not sure of your direction. The money is a nice cushion/seed money, but you can't afford to waste it. especially since you really don't have your parents as a safety net. If completing college in the next few years is your goal, I would invest fairly saf...
by DarthSage
Thu Sep 28, 2017 11:25 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 192
Views: 12822

Re: Why do you LBYM? Why do you save and invest?

Why? Two main reasons: (1) Fear. I grew up poor. It changes who you are. Not poverty itself, but that constant insecure feeling that you could lose your meager possessions at any time. (2) I like the challenge of it. As an electrical engineer, I love math problems, and I consider spending as little ...
by DarthSage
Sun Sep 24, 2017 6:30 am
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 67
Views: 2977

Re: Do you subscribe to digital newspapers?

I subscribe to the WSJ online. I've been reading it for decades, can't live without it. It's one of my very few splurges. I have to say, I prefer the paper version, but I'm too cheap, and have typically lived where morning delivery wasn't an option (it came in the mail--fat lot of good that does!) W...
by DarthSage
Sat Sep 23, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24037

Re: I won the Lottery. Need sound advice.

Th e question of whether to pay off the mortgage is one that gets hotly debated around here--both between my spouse and I, and also my sister and I--like you, Sis had a financial windfall. The first thing her lawyer did was send them (Sis and BIL) to a financial guy who specializes in people who get...
by DarthSage
Fri Sep 22, 2017 6:38 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24037

Re: I won the Lottery. Need sound advice.

You and your wife seem to have the drive and determination to succeed in the world--that's a wonderful thing. You also seem sincere in your desire to utilize this windfall and make a positive change in your life. Again, this is wonderful. I wish you much success in this. An important thing to rememb...
by DarthSage
Thu Sep 21, 2017 6:27 am
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 81
Views: 5025

Re: Getting (young) kids interested in coding

I don't understand the push for children coding versus developing logic skills and problem-solving ability. I'm a huge fan of toys like Legos and other things that encourage creativity. One good resource for brain-engaging toys is mindware (they have a website and catalog). They have stuff for vario...
by DarthSage
Thu Sep 21, 2017 6:15 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24037

Re: I won the Lottery. Need sound advice.

I'm not going to comment on Edward Jones, specifically, but you do need a financial advisor. As others have stated, your family has been living beyond its means, with bad debt and little preparation for the future. Assuming your post is true, the first thing you need to do is step back and really ev...
by DarthSage
Wed Sep 20, 2017 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Please help with evaluation of whole life and term from Northwest mutual.
Replies: 18
Views: 1707

Re: Please help with evaluation of whole life and term from Northwest mutual.

You're right--better late than never. It does seem odd that the hospital arranged the NM presentation--probably someone knew someone, that kind of thing. I'm sure it was presented to the hospital as a helpful presentation, to help all you residents get on a good road to investing. Yeah, some help!
by DarthSage
Tue Sep 19, 2017 4:58 pm
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4580

Re: Costco vs sams club vs neither.

I haven't been to Costco, but I currently have a Sam's Club membership, which I'm letting expire. I had the "Plus" membership, mostly for the perk of earlier hours. We felt the membership cost was worth it, as we saved more than that when we purchased a few big-ticket items (a mattress, tires, etc.)...
by DarthSage
Tue Sep 19, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 25251

Re: Calling out the not so rich bogleheads

Good morning! I wanted to respond to this, not so much because we're "not rich" as, I'm (clearly) new to Bogleheads. DH and I are in our mid-50's, and have long lived with a LBYM attitude. I didn't seek out financial websites, because we were doing fine on our own. But this past summer, my MIL died,...