Search found 234 matches

by BarbBrooklyn
Mon May 20, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: completely freaked out about withdrawing from retirement accounts....
Replies: 53
Views: 5353

Re: completely freaked out about withdrawing from retirement accounts....

I feel somewhat reassured that other people have felt this way and gotten past the initial resistance. I can't move outside funds into my NYC 7% fund. I CAN convert the 117k that's in the equity fund to the 7% fund. I converted quite a bit during 2017/18. The problem is that if I ask for that to be ...
by BarbBrooklyn
Mon May 20, 2019 1:47 am
Forum: Personal Finance (Not Investing)
Topic: completely freaked out about withdrawing from retirement accounts....
Replies: 53
Views: 5353

completely freaked out about withdrawing from retirement accounts....

I retired in December 2018. I have a lovely pension of about 56K; will start my spousal SS (about 900 per month) in August. DH gets about 2K per month in SS (I'm deferring until I'm 70, in 2023) Spread across three accounts (rollover 401K from first marriage, my own NYC Teacher retirement plan and 4...
by BarbBrooklyn
Sat May 18, 2019 2:35 am
Forum: Personal Consumer Issues
Topic: Gardening/Wedding/Planning
Replies: 5
Views: 519

Re: Gardening/Wedding/Planning

Liriope are hardy, do well in the shade and have white or purple beadlike flowers at some point in their life cycle.

Cocoa mulch can be a nice touch. Be sure to have a backup plan for rainy weather.
by BarbBrooklyn
Thu May 16, 2019 7:38 pm
Forum: Personal Investments
Topic: Need help with mother’s annuity
Replies: 15
Views: 1443

Re: Need help with mother’s annuity

Broken Man 1999 wrote:
Thu May 16, 2019 6:17 pm
Selling the farm and moving to the in-city apartment might be beneficial to your mother. She would be closer to others, not isolated in a rural setting.

Broken Man 1999
+ 10
by BarbBrooklyn
Thu May 16, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Income and Medicaid Eligibility - Planning Question
Replies: 21
Views: 1217

Re: Social Security Income and Medicaid Eligibility - Planning Question

I want to back up here..... What are the circumstances that have led this elderly couple to become so impoverished that they have only SS and are reliant on living with a relative (that will get old really fast)? I would look into if they are eligible for low income housing if they are independent i...
by BarbBrooklyn
Thu May 16, 2019 8:26 am
Forum: Personal Investments
Topic: How did it come to this? [Help with investments]
Replies: 48
Views: 4729

Re: How did it come to this? [Help with investments]

Cody, are you maxing your current 403b? Do you have access to a 401k or 457 as well? Make sure you stay aware of the " catch up" provisions of tax advantaged plans. The limits go up when you turn 50. I'm stepping up my 403 b...I'm not crazy about the choice of funds... pretty high fees. But I need ...
by BarbBrooklyn
Wed May 15, 2019 10:15 pm
Forum: Personal Investments
Topic: How did it come to this? [Help with investments]
Replies: 48
Views: 4729

Re: How did it come to this? [Help with investments]

Cody, are you maxing your current 403b? Do you have access to a 401k or 457 as well?

Make sure you stay aware of the " catch up" provisions of tax advantaged plans. The limits go up when you turn 50.
by BarbBrooklyn
Tue May 14, 2019 3:09 pm
Forum: Personal Investments
Topic: Need help with mother’s annuity
Replies: 15
Views: 1443

Re: Need help with mother’s annuity

So, look. I'm not an expert by any means. Protected from creditors or from MERP? (Medicaid reimbursement). Very different issues. If stepdad needs NH/AL covered by Medicaid, mom becomes the " community spouse" with some protections in place. You need to find out if their state has a Medicaid waiver ...
by BarbBrooklyn
Tue May 14, 2019 11:43 am
Forum: Personal Investments
Topic: Need help with mother’s annuity
Replies: 15
Views: 1443

Re: Need help with mother’s annuity

Medicare does not pay for long term care. It will pay for 20 days of rehab after a qualifying 3 day hospital ADMISSION ( NOT observation). From day 21-100 there is a copay of about $160 per day that many supplement plans will pick up IF the patient is making progress in therapy. MEDICAID will pay fo...
by BarbBrooklyn
Tue May 07, 2019 6:50 pm
Forum: Personal Investments
Topic: Goodbye fees and confusion!
Replies: 12
Views: 1964

Re: Goodbye fees and confusion!

Talk it up at work, Cody.

No one in my work place knew we had access to a 457 until our boss discovered it 7 months before she retired. We need to pass this stuff on
by BarbBrooklyn
Tue May 07, 2019 4:11 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13228

Re: I tried to fire my financial advisor of 12 years today...

You could sign up with Vanguard PAS for 0.3% if you're nervous about transitioning.
by BarbBrooklyn
Tue May 07, 2019 2:37 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13228

Re: I tried to fire my financial advisor of 12 years today...

Are these funds/stocks in a taxable account or in a Tax deferred account?
by BarbBrooklyn
Mon May 06, 2019 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Remind me why we have Medicare supplement
Replies: 21
Views: 2918

Re: Remind me why we have Medicare supplement

Medicare will pay for up to 20 days of rehab at full payment. Days 21-100 have a copay of ?160. per day.

The supplement is so worth it.
by BarbBrooklyn
Sun May 05, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: College Academic Scholarships?
Replies: 30
Views: 1620

Re: College Academic Scholarships?

What is he excited about about attending this college? A particular academic area? Or parties and living away from home? As a parent, I hope you can get a sense of this in a casual conversation. Or get a trusted friend to have that conversation. This is your money. Yes, you want to invest in your ch...
by BarbBrooklyn
Sun May 05, 2019 11:31 am
Forum: Personal Investments
Topic: Boglehead investing through a major downturn
Replies: 36
Views: 3653

Re: Boglehead investing through a major downturn

I lived through '87, dot.com bubble and 2008. DH lost his job in the last debacle and I had to cut back my contributions from 11% to 7% but I never really looked at the totals on my accounts so didn't see the losses. Set your AA where it needs to be, considering years from retirement, other income s...
by BarbBrooklyn
Sat May 04, 2019 6:41 pm
Forum: Personal Investments
Topic: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?
Replies: 83
Views: 5878

Re: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?

Just save now, worry later. +1 Throw everything in a target Date fund and check your balance every couple of months. Direct all raises into savings. IMO these calculators should be used only when one gets close to retirement. The untoward circumstances that you mention can largely be mitigated by h...
by BarbBrooklyn
Sat May 04, 2019 6:36 pm
Forum: Personal Investments
Topic: Cash Solutions
Replies: 18
Views: 1321

Re: Cash Solutions

I am not aware of any mutual funds that are FDIC insured.

Have you looked into Ally or CapOne MM accounts? Or a ladder of Tbills or CDs?
by BarbBrooklyn
Sat May 04, 2019 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Settlement options for a special needs minor about to receive personal injury award
Replies: 28
Views: 1452

Re: Settlement options for a special needs minor about to receive personal injury award

Oh boy! Thank you for clarifying. I think you need to talk to the attorney with your mom. Bring whatever paperwork you have documenting the dx, severity, etc. Hopefully, the attorney is part of a firm where someone has some expertise in trusts, including special needs and medical trusts. I think wha...
by BarbBrooklyn
Sat May 04, 2019 6:49 am
Forum: Personal Investments
Topic: Helping mom invest a windfall
Replies: 11
Views: 1250

Re: Helping mom invest a windfall

I would not pay off the mortgage. 3 acre yard? How much does that cost to maintain? Is the house at all " elder friendly" as in on one level? Does mom have the basics like will, poa for finances and health, in place? Does she have long term care insurance? The thing I see is that she has a decent in...
by BarbBrooklyn
Sat May 04, 2019 6:13 am
Forum: Personal Consumer Issues
Topic: Rotational Program at MegaCorp for college grad hires
Replies: 40
Views: 2197

Re: Rotational Program at MegaCorp for college grad hires

+1 to backing off, Dad.

Let your son grow up and learn how the world works. He's in a training program. For leaders.

My daughter was in such a program, right out of college. She now makes 4 times what I did at retirement. And still getting raises and promotions Because she sees the big picture.
by BarbBrooklyn
Sat May 04, 2019 6:04 am
Forum: Personal Consumer Issues
Topic: Birthday party- No gifts
Replies: 42
Views: 3061

Re: Birthday party- No gifts

Rather than simply say " no gifts", how about requesting a donation to a kid's charity in a nominal amount that you match?
by BarbBrooklyn
Sat May 04, 2019 3:26 am
Forum: Personal Finance (Not Investing)
Topic: Settlement options for a special needs minor about to receive personal injury award
Replies: 28
Views: 1452

Re: Settlement options for a special needs minor about to receive personal injury award

What is your niece's disability that her mother is able to deny it?

What do her school counselors say about her capacity for schooling, job training, ability to live on her own?

Have the mother's parental rights been terminated?
by BarbBrooklyn
Sat May 04, 2019 1:57 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate if a new job will increase income?
Replies: 65
Views: 5033

Re: How to calculate if a new job will increase income?

Do you carry malpractice insurance? Will you need to if employed by the VA, or is there reimbursement for that?

Are you currently itinerant? Factor in depreciation on your vehicle and the wear and tear on your body.

Are there built in salary increases in the VA job?
by BarbBrooklyn
Sat May 04, 2019 12:39 am
Forum: Personal Consumer Issues
Topic: Cost of summer camp
Replies: 9
Views: 1331

Re: Cost of summer camp

Determined, Is the person who is questioning the price tag someone who has ANY experience with a non-subsidized sleep away camp fee currently? Or is his sticker shock based on what it cost 30 years ago?

Care.com reports that the average cost of sleep away camp is $768. per week.
by BarbBrooklyn
Thu May 02, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Rolled over and melting down
Replies: 72
Views: 6454

Re: Rolled over and melting down

You rock, Cody!!!!
by BarbBrooklyn
Tue Apr 30, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Rolled over and melting down
Replies: 72
Views: 6454

Re: Rolled over and melting down

Yes, apparently these transfers get made via paper check.

I know. It's maddening.

It's going to be okay!
by BarbBrooklyn
Tue Apr 30, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Rolled over and melting down
Replies: 72
Views: 6454

Re: Rolled over and melting down

"JBQ is okay, but feel free to ignore any advice she gives on Bucket methods for doing retirement income withdrawals. We can discuss this more later, when things have settled." Yes, I should have qualified that!. Before I read JBQ, I was going on the assumption that at retirement, I should remove al...
by BarbBrooklyn
Tue Apr 30, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Rolled over and melting down
Replies: 72
Views: 6454

Re: Rolled over and melting down

Cody, don't stress about what you don't know. It's good you're looking into learning about finances, and many times there's no one right answer or approach... just what's right for you. I can highly recommend my favorite financial book: Jane Bryant Quinn's "How to Make Your Money Last." Non-robotic...
by BarbBrooklyn
Tue Apr 30, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Rolled over and melting down
Replies: 72
Views: 6454

Re: Rolled over and melting down

Welcome to BogleHeads, Cody! You're off to a great start!
by BarbBrooklyn
Tue Apr 30, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Rolled over and melting down
Replies: 72
Views: 6454

Re: Rolled over and melting down

ER=EXPENSE RATIO.

It's the percentage charged by each fund. Lower is better!
by BarbBrooklyn
Tue Apr 30, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Rolled over and melting down
Replies: 72
Views: 6454

Re: Rolled over and melting down

Cody; Deep breath! Can I just say that you are doing amazingly? You've got no debt, paid up house and 700k in mutual funds. And you're 50. Is there a pension attached to your job? Do you contribute to SS? I didn't discover the Bogleheads until this past summer when I was almost ready to retire, so c...
by BarbBrooklyn
Tue Apr 30, 2019 1:55 am
Forum: Personal Finance (Not Investing)
Topic: Rolled over and melting down
Replies: 72
Views: 6454

Re: Rolled over and melting down

Do you mean TIAA? I assume that you've looked at the ERs on the rest of your monies in your 403b; are they high? Or are you talking about other fees? Did you email the TIAA customer service rep and tell him/her that you no longer have statements? I'd give them a call in the AM and discuss your lack ...
by BarbBrooklyn
Mon Apr 29, 2019 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Finding a Personal Finance Marriage Counselor
Replies: 34
Views: 3461

Re: Finding a Personal Finance Marriage Counselor

Hope you are well and that your are making your way towards a resolution.

We care!
by BarbBrooklyn
Mon Apr 29, 2019 4:35 pm
Forum: Personal Investments
Topic: AA across retirement accounts
Replies: 10
Views: 572

Re: AA across retirement accounts

So, I have nothing in taxable. Well, I have 3K in NYC Muni MM via Vanguard, but I don't think that counts. All of my 403b/457 choices are very low cost. I guess overall I wonder if I should transfer all of the monies in the 403b into the 7% guaranteed, no cost fund and uptick my equities in Vanguard...
by BarbBrooklyn
Mon Apr 29, 2019 3:17 pm
Forum: Personal Investments
Topic: AA across retirement accounts
Replies: 10
Views: 572

AA across retirement accounts

I will admit to being a bit slow on the uptake here. Posted my retirement portfolio here several months ago; this is a general question, so not going to do the details here. I have 3 accounts Rollover IRA at Vanguard 53/47 Equities/Bonds Total 620K 403b 75% 7% guaranteed/Equity 25% Total 444K 457 55...
by BarbBrooklyn
Mon Apr 29, 2019 9:32 am
Forum: Personal Investments
Topic: Investing in Business as a partner
Replies: 18
Views: 891

Re: Investing in Business as a partner

How do you know that there is 40K per month cash flow?

Unless you have your own independent attorney and CPA look at ALL of the financials that will be involved in this transaction, I would run from this "deal" at a sprint. You dont want to tie yourself to that 4M note.
by BarbBrooklyn
Mon Apr 29, 2019 7:41 am
Forum: Personal Investments
Topic: 42 and 39 years old, 2 kids, Please advice on Retirement/ Asset Allocation/ Tuition
Replies: 28
Views: 3197

Re: 42 and 39 years old, 2 kids, Please advice on Retirement/ Asset Allocation/ Tuition

Thanks for the updates! Re: Life insurance. If he died tomorrow, add up he present life insurance, current savings , etc. and ask yourselves if that amount of money will fun HER and the jids' desired life style until your children are launched. Will it pay the mortgage, tuition, summer camp, vacatio...
by BarbBrooklyn
Sun Apr 28, 2019 4:15 am
Forum: Personal Investments
Topic: 42 and 39 years old, 2 kids, Please advice on Retirement/ Asset Allocation/ Tuition
Replies: 28
Views: 3197

Re: 42 and 39 years old, 2 kids, Please advice on Retirement/ Asset Allocation/ Tuition

Re: Insurance. Sign up for an online Social Security account and see what sort of survivor benefit your children would get. It's not a lot. Then buy enough term insurance to cover income replacement (his) and childcare replacement (her). Imo, disability insurance is equally important. If you die, th...
by BarbBrooklyn
Sun Apr 28, 2019 3:31 am
Forum: Personal Investments
Topic: 40 years old and just trying to figure it out
Replies: 47
Views: 6879

Re: 40 years old and just trying to figure it out

Are you in the SUNY Union which is affiliated with NYSUT? If so, make sure to comparison shop stuff like insurance with NYSUT rates. They also may have low cost defensive driving courses and other benefits. If you are paying for childcare, afterschool care or summer day camp, those can be paid out o...
by BarbBrooklyn
Fri Apr 26, 2019 5:25 am
Forum: Personal Finance (Not Investing)
Topic: Moving from Medicaid to Employer Plan
Replies: 13
Views: 1026

Re: Moving from Medicaid to Employer Plan

I'm confused. Why would staying on her subsidized plan cause her to owe more taxes?
by BarbBrooklyn
Fri Apr 26, 2019 2:22 am
Forum: Personal Finance (Not Investing)
Topic: Taking over parental account; advice requested
Replies: 8
Views: 1113

Re: Taking over parental account; advice requested

Have you been in touch with an elder care attorney on any of this? Sibling could be paid via a caregiver's contract ( if allowed as POA); relying on there being an estate is always iffy as you may end up needing Medicaid. Never say never with regard to Medicaid. Www.agingcare.com is a terrific careg...
by BarbBrooklyn
Wed Apr 24, 2019 4:12 pm
Forum: Personal Investments
Topic: What to do? Sitting on the bench since October
Replies: 66
Views: 7213

Re: What to do? Sitting on the bench since October

I'm going to add that if you are not comfortable with the "glide path" of the 2025 TDF, perhaps you should work on what your comfort level is at the current time (50/50? 70/30?) and buying Total Stock and Total Bond funds in those amounts.
by BarbBrooklyn
Wed Apr 24, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Possible Divorce: Pension & Job Options
Replies: 47
Views: 4838

Re: Possible Divorce: Pension & Job Options

Did the fact that you were working far away contribute to your wife and your marital issues, or were you doing a trial separation? After many years of being a sahm your wife has gone back to work. Has this added a stressor to the marriage or did she get a job because you were proposing a divorce? D...
by BarbBrooklyn
Wed Apr 24, 2019 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Possible Divorce: Pension & Job Options
Replies: 47
Views: 4838

Re: Possible Divorce: Pension & Job Options

The best financial move you can make is to fix your marriage. Side benefit: also the best thing to make your life better. +1 if “possible divorce” means “possibly remain married” that is the ideal outcome. +1 If you can't work this out, even with professional help, try divorce mediation rather than...
by BarbBrooklyn
Wed Apr 24, 2019 2:19 am
Forum: Personal Finance (Not Investing)
Topic: Possible Divorce: Pension & Job Options
Replies: 47
Views: 4838

Re: Possible Divorce: Pension & Job Options

Edited to remove details that OP removed.

It sounds as though you and your family are in an emotionally fraught place. I hope you come back to answer some of our queries.
by BarbBrooklyn
Tue Apr 23, 2019 5:33 pm
Forum: Personal Consumer Issues
Topic: Single Family House - aging in place challenges
Replies: 47
Views: 2637

Re: Single Family House - aging in place challenges

For me, when I divorced at age 49 and needed to decide if I wanted to stay in my home of 20 years or move on, it was not so much the house part as the ongoing cost of maintenance part. The leaves. The snow. The roof. The chimney. The water heater. Ultimately, I decided that moving to a coop with par...
by BarbBrooklyn
Mon Apr 22, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign property/family issue
Replies: 31
Views: 1573

Re: Foreign property/family issue

The elephant in the room seems to be that you suspect that your FIL has some cognitive decline, possibly dementia. If this is so, he shouldn't be handling the family money. Has there been any estate planning and is there any financial or medical power of attorney in place? You need to protect your M...