Search found 158 matches

by DarthSage
Thu Apr 19, 2018 6:04 am
Forum: Personal Consumer Issues
Topic: [Balancing school workload and family time]
Replies: 15
Views: 481

Re: Child expenses - what to expect as your kids go from daycare to school

From middle school onward my kids were expected to do 6-8+ hours of home work every night. Sorry but this just de-railed the thread. I absolutely do not believe this. So basically, your kid worked 13-16 hour days from age 12-18? That is preposterous and so far out of the experience I've had. Middle...
by DarthSage
Wed Apr 18, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Account for Adult Children Allowing Parent Some Control
Replies: 31
Views: 3058

Re: Account for Adult Children Allowing Parent Some Control

I was thinking more about this thread, and I was reminded of our situation, close to 30 years ago (which is probably why I had forgotten). DH and I met in our last year of college, and got married at 23/24. His family had means, while I grew up poor. His parents gave us a gift check, and told us tha...
by DarthSage
Mon Apr 16, 2018 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Account for Adult Children Allowing Parent Some Control
Replies: 31
Views: 3058

Re: Account for Adult Children Allowing Parent Some Control

by sport You have been trusting them not to cash out their Roth IRA accounts and just spending the money. You should be able to do the same with a taxable account. Sit them down tell them what you want to do, why you want to do it and how you would like them to invest it. If they both agree move fo...
by DarthSage
Mon Apr 16, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Gifts to grandkids of different ages
Replies: 13
Views: 1289

Re: Gifts to grandkids of different ages

I would probably go with giving the money to the young adult outright, with some caveats. I would expect them to put the money in savings (or, at least most of it--maybe allow a little for fun things). I would explain to them--have Grandma and Grandpa do this, with reinforcement from Mom and Dad--th...
by DarthSage
Mon Apr 09, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: What would an extra $2000 in cash flow mean for a large family?
Replies: 58
Views: 4013

Re: What would an extra $2000 in cash flow mean for a large family?

It seems like none of the responses directly address the issue of children, so I'm going to jump in here. I have 4, ages 12-22, so I have a little experience in how costs go with kids. Here are a few things to think about: (1) Medical costs. We have one with a LOT of medical issues through the years...
by DarthSage
Sat Apr 07, 2018 9:05 am
Forum: Personal Consumer Issues
Topic: College freshman shopping—what don’t we need?
Replies: 45
Views: 2771

Re: College freshman shopping—what don’t we need?

The flip side to the equation- What goes to school must come back, or stored for the summer. I could not believe the stuff left behind in May at each of my daughters living arrangements- dorm, sorority and off campus apartments. Perfectly good TV's, laser printers, mini fridges, mattresses. You cou...
by DarthSage
Fri Apr 06, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Starting a home search... Late 60s rancher?
Replies: 18
Views: 1507

Re: Starting a home search... Late 60s rancher?

We bought a ranch built in 1968, three years ago. I have to say--we love it. Ours is in a development, and it was the builder's own home. As a result, we don't have any outlet issues as others have described--plenty of them, in good locations. We also have a TON of storage space--kids' bedrooms each...
by DarthSage
Wed Apr 04, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: College freshman shopping—what don’t we need?
Replies: 45
Views: 2771

Re: College freshman shopping—what don’t we need?

Honestly, it really depends on the college, and the specific living situation. For example, my oldest didn't wind up living in a dorm--she was put in specialty housing (as the third in a triple--normally this housing was reserved for upperclassmen). She was in an old brownstone with 12-ft ceilings, ...
by DarthSage
Sun Apr 01, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10619

Re: What age is the best to give a child control of an inheritance?

Thank you, again, for all of the thoughtful comments. I will add that for those saying "give her money earlier to learn to manage," there are no actual plans to leave a large inheritance, other than it is very difficult to plan the exact year of one's death. I wouldn't mind spending down the accoun...
by DarthSage
Thu Mar 22, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Help my wife when I die.
Replies: 37
Views: 4209

Re: Help my wife when I die.

Well, your'e 27--by the time you pass, it's likely that most of the Bogleheads you currently "know" will be long gone--hopefully replaced by second generation ones. That said, I wouldn't assume that your wife will never be interested in finances. She might grow more involved as you two get older, an...
by DarthSage
Mon Mar 19, 2018 5:07 pm
Forum: Personal Consumer Issues
Topic: 9th grade earth science honors or biology honors
Replies: 28
Views: 1604

Re: 9th grade earth science honors or biology honors

What does the young lady think? As others have said, this choice is not life-altering. Earth science would probably be easier--does she want to ease into HS a little more, or is she ripe for a challenge? My third child started HS last fall. I've been letting her determine her own schedule, within re...
by DarthSage
Fri Mar 16, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Loan document/promissory note for family member loan
Replies: 3
Views: 360

Re: Loan document/promissory note for family member loan

If your question is, "Will this be considered a legitimate loan in the eyes of the IRS?", then you need a promissary note and you need to charge a reasonable rate of interest. Given today's low interest rates, I THINK the acceptable rate is ~3%. Hopefully someone with more knowledge on the rates wil...
by DarthSage
Fri Mar 16, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Large life style creep that was completely worth it
Replies: 112
Views: 14255

Re: Large life style creep that was completely worth it

Travel is our splurge. Through the years, we've talked about buying a vacation home, but I think we've decided that, for us, renting is the way to go. It's more flexible, both in destination, and in number of people accommodated. We have 4 kids over an 11-year span--the adult kids like to travel wit...
by DarthSage
Fri Mar 16, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Thoughts on Myrtle Beach
Replies: 26
Views: 2729

Re: Thoughts on Myrtle Beach

We moved to the Wilmington, NC area a couple years ago, for DH's job. We moved from the Northeast. I have to say, despite my initial qualms--it's 800 miles from where we were, big cultural shock--it's really, really nice down here. We're all very happy. My recommendations for retirement/pre-retireme...
by DarthSage
Sun Mar 04, 2018 12:07 pm
Forum: Personal Consumer Issues
Topic: Bathroom remodel decision
Replies: 41
Views: 2230

Re: Bathroom remodel decision

We have a big house with a big master suite, and we're hoping to remodel it in a few years. We have a giant tub, which my kids use more than I do--that thing's a swimming pool, it's just so big, and I'm not a tub person. Oddly, given the size of the bathroom (20'X12'), the shower is tiny. It's weird...
by DarthSage
Sun Feb 25, 2018 9:39 pm
Forum: Personal Consumer Issues
Topic: Rome-Florence-Venice-Prague summer vacation
Replies: 54
Views: 3260

Re: Rome-Florence-Venice-Prague summer vacation

I was on a tour of Italy last summer, with my 2 daughters. A few recommendations: You can get decent food at any little mom-and-pop type shop. My younger DD didn't care for the three-hour dinners, so she and I usually just grabbed something simple from any nearby spot. This was less about saving mon...
by DarthSage
Fri Feb 23, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: 529 vs. custodial account for my kids
Replies: 11
Views: 706

Re: 529 vs. custodial account for my kids

I'm happy with my UTMAs. They can grow fairly large before the kiddie tax takes effect, and they are more flexible. I plan to have them mostly spent down before the child gains control. I don't get a state tax deduction for a 529. And I don't anticipate qualifying for financial aid either way. This...
by DarthSage
Fri Feb 23, 2018 7:14 am
Forum: Personal Finance (Not Investing)
Topic: What is the most efficient method of taking RMDs from my IRA
Replies: 9
Views: 1187

Re: What is the most efficient method of taking RMDs from my IRA

Since they're all with Vanguard, can you set it up to withdraw proportionally? Or make the withdrawal from one, then re-balance? Personally, I wouldn't try to market-time or get overly worked up about the absolute optimum withdrawal date/strategy. I think you can get too clever and shoot yourself in...
by DarthSage
Fri Feb 23, 2018 6:57 am
Forum: Personal Consumer Issues
Topic: Vacation in May. Boston, Martha's Vineyard, Ogunquit (cancelled Bar Harbor)
Replies: 35
Views: 2736

Re: Vacation in May. Boston, Martha's Vineyard, Ogunquit (cancelled Bar Harbor)

Ooh, I forgot about the Public Library! It is so beautiful--there was actually a wedding rehearsal going on in the courtyard when we were there last May! Best of all, it's free. Don't be fooled into thinking it's just a place for books--it's an art-filled treasure (and did I mention free?). It also ...
by DarthSage
Thu Feb 22, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Time for twins to go to daycare
Replies: 38
Views: 2791

Re: Time for twins to go to daycare

I think you guys need to re-evaluate your whole financial picture. Whether or not you continue with separate finances is less important than making sure you are both continuing together towards your financial goals. Spending issues and priorities definitely change once you have kids. I know others h...
by DarthSage
Thu Feb 22, 2018 7:22 am
Forum: Personal Consumer Issues
Topic: Gifting to Parent who might need Medicaid Nursing Home
Replies: 21
Views: 2033

Re: Gifting to Parent who might need Medicaid Nursing Home

It sounds like your generous annual gift to your mother reassures her that she's not going to run out of money. That peace of mind is valuable. And not spending down her assets may help her get into a good facility later, if necessary. As others have noted, it's easier to get into a good nursing ho...
by DarthSage
Sat Feb 17, 2018 7:03 am
Forum: Personal Consumer Issues
Topic: Vacation in May. Boston, Martha's Vineyard, Ogunquit (cancelled Bar Harbor)
Replies: 35
Views: 2736

Re: Vacation in May. Boston, Martha's Vineyard, Bar Harbor

Agree with everybody else that Bar Harbor is a stretch for this trip. It’s a solid 6 hour drive, and holiday traffic can make that worse... especially the NH seacost stretch.(and I say that as somebody who could live in bar harbor... been at least 5 times) Plus you can easily spend a week or two in...
by DarthSage
Fri Feb 16, 2018 10:58 am
Forum: Personal Consumer Issues
Topic: Vacation in May. Boston, Martha's Vineyard, Ogunquit (cancelled Bar Harbor)
Replies: 35
Views: 2736

Re: Vacation in May. Boston, Martha's Vineyard, Bar Harbor

Love visiting Boston--tons to do! First off, if you haven't already booked a hotel, do it now. Seriously--stop reading, book it, and come back. Our DD graduated from BU last year, and I booked the hotel 364 days out. We stayed at the Westin Copley Place, and were grateful to pay full price. We didn'...
by DarthSage
Wed Feb 14, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter’s College & Grad School Expenses -Nurse Practitioner
Replies: 51
Views: 3561

Re: Daughter’s College & Grad School Expenses -Nurse Practitioner

I wouldn't pay for it outright--you will be (rightfully) accused of going against your own plan, and playing favorites. I would bet money on at least one sibling feeling shorted somehow. Instead, I would consider loaning her the money at a reasonable interest rate. Draw up loan papers and keep track...
by DarthSage
Tue Feb 13, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 17662

Re: Number at which to stop worrying

I realized some time back that I have money anxiety that won't ever go away. If I hit the Gigantic Lottery tomorrow (tricky feat, given that I don't buy tickets), I would STILL have money anxiety. That said, part of me knows that we're just fine--2-comma club, DH has a 6-figure career that he loves ...
by DarthSage
Fri Feb 09, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 287
Views: 19669

Re: free dinner investing seminar

I'd skip going to one of these out of fear that my attendance would flag me as a "live body" ripe for a ton of follow-up calls, emails, and junk mail for the next decade. Not worth it if that happens. This was my concern, as well. Not that I would succumb to their dubious charms, but that, in RSVP-...
by DarthSage
Thu Feb 08, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Dad gave me money before filing bankruptcy
Replies: 24
Views: 4384

Re: Dad gave me money before filing bankruptcy

OP, have you considered repaying your father's gift? Irrespective of the legalities and lookback period and all, I couldn't sleep at night, knowing I had taken my father's money, and now he was in such bad straits as to be filing bankruptcy. Now, maybe the $40k is a drop in the bucket as far as your...
by DarthSage
Tue Feb 06, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Fairest way to divide inherited assets
Replies: 36
Views: 23315

Re: Fairest way to divide inherited assets

We are in the process of settling MIL's estate. When I say "we", it's really just DH and his brother, I try to stay out of it, but obviously, it's a big deal. First off, be aware that estate disbursement may well take place in stages. Unless your surviving parent dies in his/her sleep, there may wel...
by DarthSage
Mon Feb 05, 2018 3:21 pm
Forum: Personal Consumer Issues
Topic: What is the best place to buy pet food online?
Replies: 28
Views: 2142

Re: What is the best place to buy pet food online?

Another fan of Chewy.com. We get special food for a cat with sensitive skin. I can buy it locally, but only in smaller bags (we have 3 cats and feed them all the same stuff). The same cat also needs kitten food--he was severely underweight--which is cheaper, almost always available, and I can buy it...
by DarthSage
Sun Feb 04, 2018 7:58 am
Forum: Personal Consumer Issues
Topic: Cheapest funeral options
Replies: 40
Views: 3160

Re: Cheapest funeral options

Whatever way you go, make sure you leave clear instructions with your family. My MIL died recently--she had wanted to donate her body to science, but for various reasons, this didn't work out. But, we all knew she was super cheap, as are we, the next generation. She would send us articles about chea...
by DarthSage
Fri Feb 02, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Help with House Selling and Buying situation, school districts
Replies: 20
Views: 975

Re: Help with House Selling and Buying situation, school districts

As someone with an Autism Spectrum son (he's 26 now) I offer a different answer. Select the very best school for your children and make the rest work. You will likely spend thousands in the future to help them navigate life and the best short term thing you can do is get the best help for free (inc...
by DarthSage
Sun Jan 28, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: starter IRA for my son?
Replies: 19
Views: 1174

Re: starter IRA for my son?

Another idea, if your son is having trouble finding the money for an IRA, is you could offer to match him, dollar for dollar, for the first 3? 5? years. Something to get him started. I’ve read about parents matching contributions before. To clarify- parents can only match up until the amount the ch...
by DarthSage
Sat Jan 27, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: April vacation for 2 families
Replies: 13
Views: 1073

Re: April vacation for 2 families

Myrtle Beach. The ocean might not be warm enough for swimming, but there are a ton of resorts with indoor and outdoor heated pools--plus, the beach is right there. You can rent different sized condos, 1-4 bedrooms. Lots to do in the area. Some resorts have mini-golf, water slides, lazy rivers, and s...
by DarthSage
Fri Jan 26, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Trip cancellation insurance
Replies: 47
Views: 2420

Re: Trip cancellation insurance

Well, we have a big trip to Europe coming up this summer, and we bought trip insurance. Why? A few reasons--one, we're traveling with children. On past trips, we've had kids get sick--not "needs to be airlifted" sick, thank God, but it's happened to us, more than once. Secondly, our oldest daughter ...
by DarthSage
Fri Jan 26, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: starter IRA for my son?
Replies: 19
Views: 1174

Re: starter IRA for my son?

Our oldest is 22, recent college graduate with her first job, so she's earning, but not a lot. She recently received a small insurance payout from her departed grandmother--~$15k. We suggested that she put $10k in a Roth (half for 2017, half for 2018), and save the rest for upcoming travel. **$5500...
by DarthSage
Fri Jan 26, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: starter IRA for my son?
Replies: 19
Views: 1174

Re: starter IRA for my son?

A couple thoughts... Our oldest is 22, recent college graduate with her first job, so she's earning, but not a lot. She recently received a small insurance payout from her departed grandmother--~$15k. We suggested that she put $10k in a Roth (half for 2017, half for 2018), and save the rest for upco...
by DarthSage
Thu Jan 25, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Father financial trouble
Replies: 40
Views: 4553

Re: Father financial trouble

Could you possibly turn the car in early, then? I don't know much about leases--I'm sure there's some kind of expense involved with early return--but if he truly can't use the vehicle due to medical reasons, they MIGHT waive them. And it would stop his bleeding somewhat. I'm sorry you're in this sit...
by DarthSage
Thu Jan 25, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Board game for 3 year old
Replies: 36
Views: 1749

Re: Board game for 3 year old

Memory Match isn't a board game, but it's great for younger kids. Added bonus: while you can play against each other, she could also play be herself if she wanted to. Be careful what version you pick, though. I remember one of my kids having a Winnie the Pooh Memory Match--the images were so simila...
by DarthSage
Thu Jan 25, 2018 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Two commas for a day
Replies: 14
Views: 2279

Re: Two commas for a day

That happened to us a while back--DH worked for a start-up, the day-traders found the stock, and pushed it up so we were millionaires--actually, for about 2 weeks. We should have sold some stock then. Oh, well. We're now legit 2-comma. Try not to let the fluctuations get to you. Clearly, you're on t...
by DarthSage
Thu Jan 25, 2018 7:17 am
Forum: Personal Consumer Issues
Topic: Board game for 3 year old
Replies: 36
Views: 1749

Re: Board game for 3 year old

Memory Match isn't a board game, but it's great for younger kids. Added bonus: while you can play against each other, she could also play be herself if she wanted to. Be careful what version you pick, though. I remember one of my kids having a Winnie the Pooh Memory Match--the images were so similar...
by DarthSage
Tue Jan 23, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is this too much for us?
Replies: 8
Views: 1307

Re: Is this too much for us?

Yes, it is too much for you, right now. First off, only 5% down is a red flag, as others have stated. I recommend avoiding PMI like the plague. Secondly, new construction rarely comes in on time and under-budget. Thirdly, PITI is only part of the cost of home ownership, as others have stated. Home n...
by DarthSage
Tue Jan 23, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: Article: 8 Frugal and Forgotten Ways Your Great-Grandparents Made It through Hard Times
Replies: 29
Views: 5161

Re: Article: 8 Frugal and Forgotten Ways Your Great-Grandparents Made It through Hard Times

Another side-thought on the "value to me" that I use is, "cost per use". Good-quality shoes might be expensive, but comfortable, long-lasting shoes save yoru feet in the long run, and if you wear them daily, the cost per use isn't much more--possibly even less, if the cheapo shoes mean buying more p...
by DarthSage
Mon Jan 22, 2018 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Going to one income-seeking testimonials
Replies: 98
Views: 5053

Re: Going to one income-seeking testimonials

I think your numbers can support her staying home, but as others have said, you really need to figure out where your money is going now, so you can see where you could make some budget cuts. I've been home with our kids for a couple decades. This wasn't our original plan, things just worked out that...
by DarthSage
Sun Jan 14, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Individual stocks in an IRA?
Replies: 9
Views: 581

Re: Individual stocks in an IRA?

I suspect the MIL enjoyed picking stocks and managing her portfolio, up until a few years ago. Then, her declining health made her less interested. She and I used to have great discussions about investing, but she seemed to lose interest in her last years. Which is fine. The stocks look like decent ...
by DarthSage
Sun Jan 14, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Individual stocks in an IRA?
Replies: 9
Views: 581

Individual stocks in an IRA?

Is it common to have individual stocks in a (traditional) IRA? I had always thought of IRAs as being long-term, hands-off investment vehicles. Basically, set them up for growth when you're young, check/rebalance occasionally, maybe switch up your investment mix as you age. But, my husband just recei...
by DarthSage
Thu Jan 11, 2018 6:48 pm
Forum: Personal Consumer Issues
Topic: wild bird feed
Replies: 43
Views: 1976

Re: wild bird feed

I like a mix I get in Walmart, that has dried cherries in it for the cardinals. walmart also sells various types of suet cakes for about $1 each--you need something to hold them in. We use a stand-alone cage thingy (sold right next to the birdseed/suet cakes). You can also find feeders with holders ...
by DarthSage
Thu Jan 11, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10900

Re: Trusts for adult Children

(3) I expect the estate will need to borrow more, unless the revocable trust is dissolved quickly. Can't money from the revocable trust be used to settle estate issues? Are the investments too illiquid to sell easily to fund near term expenses? Possibly. The lawyer suggested the loan to the estate....
by DarthSage
Thu Jan 11, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10900

Re: Trusts for adult Children

I just wanted to address a couple questions that came up on the last page, that have come up as issues while settling MIL's estate: (1) MIL did have a joint checking account with BIL, which was enough to cover immediate bills, such as cremation costs. (2) when the account ran low, the estate lawyer ...
by DarthSage
Wed Jan 10, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts for adult Children
Replies: 203
Views: 10900

Re: Trusts for adults Children

So you see no issues with two 20-somethings inheriting a seven-figure estate before they have even launched their own careers? That's baffling to me. That kind of cash would throw an adult nearing retirement for a loop -- let alone a veritable kid. I trust my kids to exercise good judgment, but you...
by DarthSage
Tue Jan 09, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?
Replies: 36
Views: 3529

Re: The "Forever Home" Myth: Should I Plan on Buying 2 Homes?

both in our mid-20s. There is so much that is unknowable that I would not wase on trying to plan things out that far in advance. In addition to changes in your life technology changes and if truly self driving cars ever become widespread that could cause dramatic changes in the housing market. This...