Search found 246 matches

by BarbBrooklyn
Fri Jun 14, 2019 6:13 pm
Forum: Personal Consumer Issues
Topic: Cartier bracelet
Replies: 40
Views: 2972

Re: Cartier bracelet

I would use a credit card with rewards or 0% for 12 months and invest the cash.

Can I tell you how much money we made on the late 70's buying furniture on a 3 month "credit same as cash" and putting the money in a CD?
by BarbBrooklyn
Sat Jun 08, 2019 9:47 pm
Forum: Personal Investments
Topic: UBS claiming access to 'special'/limited investment funds - BIL
Replies: 10
Views: 794

Re: UBS claiming access to 'special'/limited investment funds - BIL

Act impressed by his acumen. He clearly needs adulation.

Say "Wow, too rich for my blood".
by BarbBrooklyn
Fri Jun 07, 2019 4:21 pm
Forum: Personal Investments
Topic: Parents' Investment plan--ages 75, both with illness, contemplating retirement home
Replies: 13
Views: 1987

Re: Parents' Investment plan--ages 75, both with illness, contemplating retirement home

I think that since they are a couple with "midlevel" assets and health issues, they would be well advised to consult with a certified (NAELA or CELA) level eldercare attorney. Applying for Medicaid benefits when there is a spouse involved is not a DIY project; there are complex rules which differ by...
by BarbBrooklyn
Tue Jun 04, 2019 6:59 pm
Forum: Personal Investments
Topic: Advice sought for pending inheritance
Replies: 14
Views: 1739

Re: Advice sought for pending inheritance

I'm pretty unsophisticated about this stuff. But when my mom's estate was distributed, part of it was taxable because it had been held in tax deferred accounts and thus we owed income tax on that part of the distribution. In addition, one of my brothers lives in a state (NJ) that taxes inheritance. ...
by BarbBrooklyn
Wed May 29, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Italian traffic fine with U.S. debt collector
Replies: 60
Views: 4644

Re: Italian traffic fine with U.S. debt collector

I would post this question on the Rick Steves site and on Trip Advisor.
by BarbBrooklyn
Sun May 26, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Completely freaked out about withdrawing from retirement accounts....
Replies: 75
Views: 10198

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

Just so y'all know, I've set my Vanguard Total Bond Fund to not reinvest this month's dividend but to send it to my CapOne MM fund. One baby step at a time. I am the child of depression babies. My dad considered the stock market a ponzi scheme. My mom died with 18 ( count em) 18 different bank accou...
by BarbBrooklyn
Sun May 26, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Completely freaked out about withdrawing from retirement accounts....
Replies: 75
Views: 10198

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

OP, for the sake of your kids or whoever will feel obligated to take care of you as you age, PLEASE get over your worry about spending money. Read the wiki on variable withdrawal rates, see a counselor, do your own research, but get over the idea that this money is to save and not to spend. You are...
by BarbBrooklyn
Sat May 25, 2019 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Completely freaked out about withdrawing from retirement accounts....
Replies: 75
Views: 10198

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

But I need to know, is this hesitancy to touch my retirement funds something that folks go through? Or do other people just get over it? I forget where I read it but in one retirement book there was comment to the effect, "You don't get to choose if your retirement money will be spent or not, you o...
by BarbBrooklyn
Thu May 23, 2019 6:47 pm
Forum: Personal Investments
Topic: Help my broker is trying to freak me out
Replies: 94
Views: 13751

Re: My Broker is Freaking me out UPDATE

Who is it who told her that the broker must buy/own the fund they are recommending?
by BarbBrooklyn
Wed May 22, 2019 5:44 pm
Forum: Personal Investments
Topic: HELP!!! 401k/403b questions....
Replies: 12
Views: 763

Re: HELP!!! 401k/403b questions....

Cody; I'm glad you are pursuing this. I was at my job for 26 years before I found out about the 457 option that had been there all along. Seriously.
by BarbBrooklyn
Wed May 22, 2019 11:29 am
Forum: Personal Investments
Topic: HELP!!! 401k/403b questions....
Replies: 12
Views: 763

Re: HELP!!! 401k/403b questions....

This is interesting. Where I worked, we were able to have both a 403b AND a 457 and were able to contribute the max to both. So a combined 46k deferral if you were of catch up age.

I wonder if you can campaign for your university to change this? It's not costing THEM money that I can see.
by BarbBrooklyn
Tue May 21, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Completely freaked out about withdrawing from retirement accounts....
Replies: 75
Views: 10198

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

[/quote] I got one of these allocations about 20 years ago, when they gave us a tiny amount in a fund, since we didn't get merits or COLAs for 4 years during bad budget times. It must be withdrawn or rolled over upon retirement, if it's structured like mind - also a government plan. Actuarially, it ...
by BarbBrooklyn
Mon May 20, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Completely freaked out about withdrawing from retirement accounts....
Replies: 75
Views: 10198

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: 75
Views: 10198

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: 535

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: 16
Views: 1631

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: 1290

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: 51
Views: 5304

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: 51
Views: 5304

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: 16
Views: 1631

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: 16
Views: 1631

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: 13
Views: 2426

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: 13510

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: 13510

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: 26
Views: 3860

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: 1851

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: 3760

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: 6168

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: 1359

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: 1520

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: 1318

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: 2303

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: 3183

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: 1520

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: 5247

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: 1356

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: 6722

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: 6722

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: 6722

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: 6722

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: 6722

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: 6722

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: 6722

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: 6722

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: 3482

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: 589

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: 589

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...