Search found 65 matches

by DarthSage
Sat Nov 18, 2017 7:14 am
Forum: Personal Consumer Issues
Topic: Favorite Holiday Recipes
Replies: 36
Views: 2480

Re: Favorite Holiday Recipes

I am definitely trying that sweet potato recipe. I'm SOOO not a fan of overly sweet sweet potatoes! Also, my vegetarian daughter will be home, I like to have several dishes that she can eat, since she won't be having the turkey. I second Mouses' suggestion of writing down recipes. I made my oldest a...
by DarthSage
Wed Nov 15, 2017 8:30 am
Forum: Personal Consumer Issues
Topic: Favorite Holiday Recipes
Replies: 36
Views: 2480

Re: Favorite Holiday Recipes

JCE66......this is a great recipe. My mom used to make yeast based coffee cakes and cinnamon rolls during the holidays.....great stuff. Question: I am not a big fan of the candied fruit. If I sub raisins or cranberries.......do I need to alter anything? More sugar perhaps? According to this site: h...
by DarthSage
Tue Nov 14, 2017 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Going to College to become a Teacher - 19 Started Roth IRA.
Replies: 14
Views: 977

Re: Going to College to become a Teacher - 19 Started Roth IRA.

My oldest is in her first year of teaching (elementary ed./bilingual ed.). A few thoughts: Although you started late, I don't know if getting your master's straight off is a good idea. DD didn't, our niece did. Niece had much more difficulty finding a job (secondary ed./history) because the master's...
by DarthSage
Mon Nov 13, 2017 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Help with daughters first investments
Replies: 12
Views: 691

Re: Help with daughters first investments

We're in a similar situation with DD22. She has a first job (teacher), and already set up a 403b (I'm so proud!). She has some life insurance proceeds from her grandmother that she's gradually putting into a Roth. She's in index funds right now, because that's where she's comfortable. Keep in mind, ...
by DarthSage
Mon Nov 13, 2017 7:40 am
Forum: Personal Consumer Issues
Topic: Favorite Holiday Recipes
Replies: 36
Views: 2480

Re: Favorite Holiday Recipes

I have a number of holiday favorites--all types, sweet and savory. I'll post my most popular, begged-for recipe. This is a take on Alton Brown's White Trash--takes 5 minutes to put together, makes a lot, and everyone loves it! Better than White Trash 1 box (11oz, I think) Cinnamon Chex 3 1/2 cups Ch...
by DarthSage
Sun Nov 12, 2017 9:51 pm
Forum: Personal Consumer Issues
Topic: Warm Shirt for Winter
Replies: 39
Views: 3591

Re: Warm Shirt for Winter

Wool is great if you're going to be outside or otherwise have a good chance of getting wet. It's bulkier, but will keep you warm. Cotton is an absolute no-no for getting wet--DH used to be a whitewater rafting guide, he says, "Cotton kills".
by DarthSage
Sun Nov 12, 2017 6:17 pm
Forum: Personal Consumer Issues
Topic: Warm Shirt for Winter
Replies: 39
Views: 3591

Re: Warm Shirt for Winter

Went to LL Bean and got a fleece lined flannel shirt, as recommended by DarthSage - $70 Ordered the same thing online from Costco, as suggested by Sport - $14 Only difference I can see/feel is that the LL Bean shirt has a light hood - other than that, they appear to be identical, and seem equally w...
by DarthSage
Sun Nov 12, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off Home mortgage, partner doubts?
Replies: 40
Views: 2835

Re: Paying off Home mortgage, partner doubts?

Whoa thanks for the wisdom. Appreciate all the advice. Some more information. I do have enough money for the bigger house (down payment, etc..) if its happens in 6-9 months. One thing I don't have enough funded is 2- 529 plans and I can certainly strengthen them. I see the tax benefits by not payin...
by DarthSage
Sun Nov 12, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Paying off Home mortgage, partner doubts?
Replies: 40
Views: 2835

Re: Paying off Home mortgage, partner doubts?

Kind of weird question.. Would a typical BH homeowner inform wife that you will be paying off mortgage? I do plan to inform her after few months .. Her reasons 1) everyone has a mortgage, 2) you can get more RoR on other investments (mortgage is 3% with 10 yrs remaining), 3) can save as down paymen...
by DarthSage
Fri Nov 10, 2017 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 328
Views: 34376

Re: Did you tell anyone you paid off your mortgage?

I'm still scratching my head over people who say they might (or would) tell their spouse. Wouldn't the spouse be a part of big financial decisions? Right now, DH and I are debating paying off the mortgage. It's an ongoing discussion, and when we reach an agreement, we'll pay it off...or not. This w...
by DarthSage
Fri Nov 10, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Equity Line Of Credit ??.......
Replies: 16
Views: 1333

Re: Equity Line Of Credit ??.......

We're debating this ourselves. If there is no cost at all, it seems like it might be prudent to set one while DH is working. Then we could use it if we ever needed to. Specifically, we're thinking if we wanted to do a large remodel, tapping a HELOC might be preferable to selling appreciated stock. Y...
by DarthSage
Fri Nov 10, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 328
Views: 34376

Re: Did you tell anyone you paid off your mortgage?

I'm still scratching my head over people who say they might (or would) tell their spouse. Wouldn't the spouse be a part of big financial decisions? Right now, DH and I are debating paying off the mortgage. It's an ongoing discussion, and when we reach an agreement, we'll pay it off...or not. This wa...
by DarthSage
Fri Nov 10, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 5610

Re: College student... Financial mess... Need advice...

Go forth, poorer but wiser, young man!

Seriously--it was an expensive lesson, but this could have ended much worse. Glad you got yourself out of this.
by DarthSage
Thu Nov 09, 2017 3:27 pm
Forum: Personal Consumer Issues
Topic: Best Approach for Purchasing Many Furnishings
Replies: 27
Views: 1671

Re: Best Approach for Purchasing Many Furnishings

My oldest (22) was able to completely furnish her first place for $0. She got some furniture from a friend who was moving and didn't want it. She got additional stuff from her grandmother, and a few items from us. She went to school and is now living in the Boston area. They call the second weekend ...
by DarthSage
Thu Nov 09, 2017 12:59 pm
Forum: Personal Consumer Issues
Topic: Black Friday Deals/Holiday Gift Ideas
Replies: 53
Views: 6512

Re: Black Friday Deals/Holiday Gift Ideas

Appliances typically go on sale November and December--you don't have to wait for Black Friday. Maybe start looking now, if you need anything for the new house.
by DarthSage
Thu Nov 09, 2017 7:23 am
Forum: Investing - Theory, News & General
Topic: RMDs – Best time to take during the year?
Replies: 12
Views: 1451

Re: RMDs – Best time to take during the year?

There are two schools of thought on this: Take the RMD in Jan., for more growth outside the IRA Take the RMD in Dec., for more growth inside the IRA Neither is wrong. Beyond that, you should look at when might work best for you--Dec. 1, so you can have a fancy Christmas? In March, to pay your taxes?...
by DarthSage
Tue Nov 07, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7587

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

We're dealing with this right now. My MIL died over the summer, at age 86. There were some minor signs of cognitive decline--nothing serious, just enough to make us concerned. In her case, I think the big issue was, she thought she had a lot of time left. If you had asked me in June, I would have sa...
by DarthSage
Tue Nov 07, 2017 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Children's money?
Replies: 26
Views: 2713

Re: Children's money?

We've had pretty decent success opening 529's for our kids and then offering a 100% match of any contributions from family members. I write a quarterly newsletter with updates to all the stakeholders who have contributed to the account. I run a couple of metrics and show where the accounts are and ...
by DarthSage
Tue Nov 07, 2017 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Children's money?
Replies: 26
Views: 2713

Re: Children's money?

Savings accounts for the smaller stuff (checks from grandma, etc.). We have UTMAs for the bigger stuff--in some states, the UTMA age is 21, which is what we have for ours. I'm not sure if this is NY or CT, it's been a while, and I didn't set them up. Right now, I have a 22yo who controls her own acc...
by DarthSage
Tue Nov 07, 2017 7:33 am
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9307

Re: "$1 Million is Closer Than You Think"

To be fair on the "already have 7 figures" thing--they could be looking at the probability that you'll have some kind of catastrophe--not just a market crash, but the odds of a messy divorce, expensive illness, huge lawsuit/judgement, that sort of thing. I know we all hope for the best and plan for ...
by DarthSage
Sat Nov 04, 2017 10:53 am
Forum: Personal Consumer Issues
Topic: How much to spend for bathroom remodel with these features in LCOL area
Replies: 27
Views: 1659

Re: How much to spend for bathroom remodel with these features in LCOL area

I just wanted to second the thought of "aging in place" features. One of the regular bedrooms has an en-suite bathroom, meant as a second master.. Our "real" master suite is on the second floor, which would have access problems should one of us have mobility issues. My point is, it's worth giving a...
by DarthSage
Sat Nov 04, 2017 6:20 am
Forum: Personal Consumer Issues
Topic: How much to spend for bathroom remodel with these features in LCOL area
Replies: 27
Views: 1659

Re: How much to spend for bathroom remodel with these features in LCOL area

I just wanted to second the thought of "aging in place" features. We have 3 bathrooms that need re-doing. Two are on the list for 2019--we're not desperate, but I don't think they've been touched since the house was built in 1967. The MBA will wait--it needs a full-on gutting, it will be costly and ...
by DarthSage
Fri Nov 03, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: Black Friday Deals/Holiday Gift Ideas
Replies: 53
Views: 6512

Re: Black Friday Deals/Holiday Gift Ideas

Disclaimer: I don't work for the Instart pot company, don't sell the thing, etc. On that note, there is nothing magic about the Instant Pot. It's one of numerous modern electric pressure cookers, and is particularly popular due to a combination of also being able to use it as a slow cooker and a fe...
by DarthSage
Mon Oct 30, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance and Joint account with Siblings
Replies: 44
Views: 1785

Re: Inheritance and Joint account with Siblings

I would suggest option 3. Have the grandparents set up a separate account that remains in their name for the time being. The only downside would be that the funds would be subject to Medicaid spend down rules should that be a concern. I currently have a situation similar to #2. It has worked for us...
by DarthSage
Mon Oct 30, 2017 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance and Joint account with Siblings
Replies: 44
Views: 1785

Re: Inheritance and Joint account with Siblings

Option #1, without a doubt. That way, you each invest your own share, in whatever way suits you--you can even set up identical accounts if you like. I think your intentions are good with Option #2, but so much can happen in 30 years! Imagine a few scenarios: Sibling A has a great investment opportun...
by DarthSage
Sun Oct 29, 2017 8:32 am
Forum: Personal Consumer Issues
Topic: European Tours
Replies: 67
Views: 3138

Re: European Tours

Another vote for reading Rick Steves--his website has a TON of information. You could buy his books once you know specific countries you'll visit. He strikes a nice balance--hotels that are in the heart of the action, yet not too pricey, sights that are interesting, but not necessarily the #1 touris...
by DarthSage
Sat Oct 28, 2017 1:32 pm
Forum: Personal Consumer Issues
Topic: European Tours
Replies: 67
Views: 3138

Re: European Tours

I went to Italy for 12 days with my daughters this past June. We did an Insights tour--this one: https://www.insightvacations.com/us/trips/products/regional-tour/best-of-italy/summer-2017/best-of-italy-summer-2017 We had a ton of fun, and this was a great tour for first-timers to Italy. None of us h...
by DarthSage
Fri Oct 27, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: RMD distribution timing
Replies: 32
Views: 2467

Re: RMD distribution timing

There have been a lot of threads about this with no clear consensus. As some people have mentioned doing them late in the year can have some tax advantages. Some things to keep in mind if you do it late in the year are; 1) If there are any problems there is less time to get it straightened out. 2) ...
by DarthSage
Fri Oct 27, 2017 4:17 pm
Forum: Personal Consumer Issues
Topic: Warm Shirt for Winter
Replies: 39
Views: 3591

Re: Warm Shirt for Winter

They're button-up, but my entire family swears by LL Bean's fleece-lined flannel shirts. Super warm and comfy, not too bulky--when we lived in New Hampshire, I used to say I was going to get buried in one of these shirts! We call them "nerd shirts" because we're a family of 6 nerds who all love the...
by DarthSage
Thu Oct 26, 2017 10:44 am
Forum: Investing - Theory, News & General
Topic: Emotional impact of spending down assets?
Replies: 100
Views: 9965

Re: Emotional impact of spending down assets?

We went through this with my MIL. She had plenty of money, but we found that the older she got, the more she clung to it. I know part of her concern was having high end-of-life medical bills--she'd watched her husband die of cancer, her mother of a stroke (needing long-term care before succumbing), ...
by DarthSage
Thu Oct 26, 2017 10:25 am
Forum: Personal Consumer Issues
Topic: Warm Shirt for Winter
Replies: 39
Views: 3591

Re: Warm Shirt for Winter

They're button-up, but my entire family swears by LL Bean's fleece-lined flannel shirts. Super warm and comfy, not too bulky--when we lived in New Hampshire, I used to say I was going to get buried in one of these shirts! We call them "nerd shirts" because we're a family of 6 nerds who all love thes...
by DarthSage
Tue Oct 24, 2017 6:10 am
Forum: Personal Finance (Not Investing)
Topic: RMD from IRA in year of death
Replies: 18
Views: 1385

Re: RMD from IRA in year of death

You're right, of course. Sorry about that. I spent all day yesterday, slogging through IRA/RMD stuff for my MIL's estate (with some bonus hours on Roth conversions, but that's another story). In our case, MIL had 7 IRAs--one a Roth, a few with beneficiaries, a few without. Obviously, we're trying to...
by DarthSage
Mon Oct 23, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: RMD from IRA in year of death
Replies: 18
Views: 1385

Re: RMD from IRA in year of death

AFAIK, the estate has to take the RMD in the death year.
by DarthSage
Mon Oct 23, 2017 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Helping college costs of grandchildren
Replies: 37
Views: 2337

Re: Helping college costs of grandchildren

I don't know if this can ever be completely fair and equitable. The best you can hope for is that your adult children are mature enough to accept that you have a plan that you want to execute. In our case, we have 4 children, BIL has 3. His kids skew older, so he has 2 college graduates and one in ...
by DarthSage
Sun Oct 22, 2017 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Helping college costs of grandchildren
Replies: 37
Views: 2337

Re: Helping college costs of grandchildren

I don't know if this can ever be completely fair and equitable. The best you can hope for is that your adult children are mature enough to accept that you have a plan that you want to execute. In our case, we have 4 children, BIL has 3. His kids skew older, so he has 2 college graduates and one in c...
by DarthSage
Sun Oct 22, 2017 8:32 pm
Forum: Personal Consumer Issues
Topic: Installing a slide inside a home?
Replies: 39
Views: 2721

Re: Installing a slide inside a home?

We never got around to installing a slide, but one house we had, had a great rec room over the garage. It had a loft, so there was room for a slide. Instead, we put in two swings, a rope ladder, and an inside sandbox. DH is an engineer, if I want something, I mention it...and then say it probably ca...
by DarthSage
Sat Oct 21, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Retirement Savings
Replies: 21
Views: 2879

Re: Inheritance and Retirement Savings

Thanks for the Roth info. The total account is only worth ~$50k, split between DH and BIL, so probably not worth fussing about. We've been talking, generally, how to preserve DH's parents' legacy, and the IRA Trust looked like a way to do that. We don't want to necessarily preserve every penny--his ...
by DarthSage
Sat Oct 21, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Retirement Savings
Replies: 21
Views: 2879

Re: Inheritance and Retirement Savings

Yes, we're aware that DH can't just roll his mom's IRAs into his--that would be too easy, ha ha! He would likely roll all of hers together. What we're looking at is, apparently MIL had 6-8 IRAs, at least 3 different investment companies. Then I have a tIRA, DH has a tIra, we're planning on a Roth co...
by DarthSage
Sat Oct 21, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 164
Views: 14860

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Yet another perspective on this... A few years ago, my sister and her husband received a 7-figure settlement for medical malpractice. Their lawyer sent them to a FA who specializes in people who get windfalls. Sis got the information from the FA, then ran it by me, to see if he was feeding her a lin...
by DarthSage
Sat Oct 21, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Retirement Savings
Replies: 21
Views: 2879

Re: Inheritance and Retirement Savings

Hubby's put in ~$7300 so far this year--about 8% of his salary. I will talk to him about upping that. You're right, we have other $$ right now, with more to come next year. He probably can't get to $24000, but we could go higher. We do have a low mortgage interest rate. My philosophy is, I want the ...
by DarthSage
Sat Oct 21, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 164
Views: 14860

Re: Does anyone here with net worths north of $1 mil use financial advisors?

I just want to offer a slightly different perspective. Pretty much by definition, if you're on this site, it's because you enjoy handling your own investments. Why would you hire a financial advisor? Some people would just rather not put in the effort of choosing investments, balancing, etc., so the...
by DarthSage
Sat Oct 21, 2017 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Retirement Savings
Replies: 21
Views: 2879

Re: Inheritance and Retirement Savings

Just to address the mortgage prepayment/401k thing--in our heads, we earmarked the insurance money for college for the kids. I recognize that money is fungible, and the only one we have in college right now is at community college. But, community college, we can cashflow. Up until now, MIL has been ...
by DarthSage
Fri Oct 20, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Retirement Savings
Replies: 21
Views: 2879

Re: Inheritance and Retirement Savings

Celia--Thank you for your excellent advice. You've given me a lot to think about. That's actually something DH and I have discussed, too--almost having too much retirement savings, and being forced to withdraw (and pay taxes on) much more than we really want to. I'm sure a CPA would tell us not to t...
by DarthSage
Fri Oct 20, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Retirement Savings
Replies: 21
Views: 2879

Re: Inheritance and Retirement Savings

Clydewolf, I appreciate your input. We plan to do some planning for our children (and beyond!), but really aren't ready just yet. That'll be next year, once the dust has settled on the estate. We've talked about it in general terms--actually, that's what the IRA Trust would be for. We have our own I...
by DarthSage
Fri Oct 20, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Retirement Savings
Replies: 21
Views: 2879

Re: Inheritance and Retirement Savings

Up to this point, we haven't done Roths due to paranoia that they will be taxed down the line. I'm trying to look past that at this point--we're in our 50's, so we'll be able to tap anything in just a few years, so if the tax situation changes, we can jump right on it. But I generally prefer to take...
by DarthSage
Fri Oct 20, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Retirement Savings
Replies: 21
Views: 2879

Re: Inheritance and Retirement Savings

Thanks for the replies. We have 28 years to go on the mortgage--we moved a couple years ago. We have a good interest rate, and my general philosophy has been to have the mortgage paid off before DH retires. Up until now, it hasn't been an issue--now, though, I'm thinking we could pay it off (or down...
by DarthSage
Fri Oct 20, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Retirement Savings
Replies: 21
Views: 2879

Inheritance and Retirement Savings

Hi all! I'm looking for suggestions/opinions on how to handle an upcoming inheritance. I've read "Managing a Windfall", but I have some specific questions, not covered in that. Our current circumstances: DH and I, both mid-50's, 2-comma club. 4 kids (one launched, 3 at home). I'm a SAHM, DH makes ~$...
by DarthSage
Tue Oct 17, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents want to give to grandkids
Replies: 33
Views: 3111

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: 2248

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: 6465

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...