Search found 110 matches

by Maven
Fri Feb 14, 2020 5:07 am
Forum: Personal Finance (Not Investing)
Topic: Amica Homeowners Insurance Increase
Replies: 15
Views: 1375

Re: Amica Homeowners Insurance Increase

OP - please update us after your meeting. Same boat and also in Colorado. I recently did a review on Policygenius and they came back that we have the lowest rate they could find us for both home and auto. Our rates went sky high after that hail storm. Hi Maven, I will. Did you have Amica and did yo...
by Maven
Thu Feb 13, 2020 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Amica Homeowners Insurance Increase
Replies: 15
Views: 1375

Re: Amica Homeowners Insurance Increase

OP - please update us after your meeting. Same boat and also in Colorado. I recently did a review on Policygenius and they came back that we have the lowest rate they could find us for both home and auto. Our rates went sky high after that hail storm.
by Maven
Thu Jan 23, 2020 9:50 pm
Forum: Personal Consumer Issues
Topic: Baby registry "must haves"?
Replies: 64
Views: 2955

Re: Baby registry "must haves"?

Everyone always covers the basics and forgets the REAL necessities. In order of importance: Velcro swaddles Pajamas with zippers, NOT BUTTONS LOUD white noise machine Blackout curtains You're welcome. This! swaddles with velcro make your life easier. i would add a nose frida. I was scanning for the...
by Maven
Thu Jan 23, 2020 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: What the [heck] happened to MINT?
Replies: 12
Views: 2902

Re: What the [heck] happened to MINT?

I have been using mint.com almost since its inception. It served a need for me for many years. However, over the last few years I’ve become increasingly frustrated with account connection problems. I cam across this article today which mirrors my experience. I am experimenting with a new platform b...
by Maven
Wed Jan 22, 2020 9:32 pm
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 22876

Re: Sad news: LadyGeek's husband has passed

Appreciate you sharing this. Anytime I see your name pop up, I always stop to read your posts/comments. This is very helpful as my father has dementia as well as other health issues. Thinking of you and your family.
by Maven
Wed Jan 08, 2020 10:36 pm
Forum: Investing - Theory, News & General
Topic: Has anyone read 'How Money Became Dangerous?'
Replies: 8
Views: 1776

Re: Has anyone read 'How Money Became Dangerous?'

I heard the author on a podcast and the book sounds interesting. Just wondering if it's Boglehead approved? How do I get on the committee that decides what is and what isn't Boglehead approved? New members of this forum may not realize how much diversity of thought exists here. Don't mistake a voca...
by Maven
Wed Jan 08, 2020 2:17 pm
Forum: Investing - Theory, News & General
Topic: Has anyone read 'How Money Became Dangerous?'
Replies: 8
Views: 1776

Has anyone read 'How Money Became Dangerous?'

I heard the author on a podcast and the book sounds interesting. Just wondering if it's Boglehead approved?
by Maven
Sat Jan 04, 2020 8:46 am
Forum: Personal Consumer Issues
Topic: What financial podcasts do you listen to?
Replies: 46
Views: 4882

Re: What financial podcasts do you listen to?

Freakonomics. Once you get past the rookie level, the consumer level shows like Dave Ramsey, Suzy Orman, Cark Howard get repetitious, unless you find the "reality show" aspect of people calling in with their problems entertaining. After 6 months you'll realize you're learning nothing new. Absolutel...
by Maven
Tue Dec 31, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: To what do you owe your ability to forego spending now and save for your future?
Replies: 116
Views: 4868

Re: To what do you owe your ability to forego spending now and save for your future?

I owe it to having my amazing 5.5 year old and almost 4 year old daughters enter my world. I was doing a lot of things right before they came along but no where near to the level that we're at today. Having a child is a gamechanger for sure. Also have to give credit to my mother. She was and still i...
by Maven
Sun Dec 29, 2019 8:18 am
Forum: Personal Consumer Issues
Topic: Good, Cheap, Fast - Pick 3
Replies: 20
Views: 2822

Re: Good, Cheap, Fast - Pick 3

Grocery pick up service. It's been free for the holidays but it's normally $4.95. Good, cheap and fast!
by Maven
Sun Dec 29, 2019 8:15 am
Forum: Personal Consumer Issues
Topic: Has anyone done Whole 30? [Diet]
Replies: 141
Views: 5625

Re: Has anyone done Whole 30?

I haven't done Whole 30 but I do follow a paleo-ish eating plan on my own. I've also noticed the financial benefits you mentioned. If you're interested in this, I recommend the Precision Nutrition website. Their infographics are awesome. My New Year's resolution is to reduce our food bill while at t...
by Maven
Wed Dec 11, 2019 10:04 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1294
Views: 175135

Re: Post your Financial Milestone Announcements Here

I'm proud to say that I'm just a couple weeks shy of achieving my New Year's Resolution for 2019. It was to keep a detailed very budget for 12 months straight. I did it! And I don't think I can ever stop doing it now that see such immense value in it. It's provided us with SO much accurate informati...
by Maven
Sun Dec 08, 2019 9:03 am
Forum: Personal Investments
Topic: Invest in bonds vs. prepay mortgage
Replies: 168
Views: 7125

Re: Invest in bonds vs. prepay mortgage

Replying so that I may follow this post. We're grappling with essentially this exact scenario right now. There are so many varied opinions on this topic and they all make sense and are backed by logic, math, etc. I'm inclined to do your 80/10/10 approach to split the difference. Assuming we remain i...
by Maven
Thu Nov 28, 2019 8:37 am
Forum: Investing - Theory, News & General
Topic: "A THANKSGIVING WITH JOHN BOGLE"
Replies: 14
Views: 1612

Re: "A THANKSGIVING WITH JOHN BOGLE"

Happy Thanksgiving to this very intelligent and generous community. I have learned so much from the questions and the answers. THANKFUL.
by Maven
Tue Nov 26, 2019 8:32 am
Forum: Investing - Theory, News & General
Topic: Why would you have cash in a ROTH IRA?
Replies: 18
Views: 2045

Re: Why would you have cash in a ROTH IRA?

Currently, we have $6k in a money market account in one IRA because it's earmarked as Emergency Fund money. We transferred it from our high yield savings account to the IRA so we didn't lose the space for 2019. We keep it in a MM account so we don't risk losing it and we'll invest it as soon as we r...
by Maven
Sat Nov 23, 2019 2:51 pm
Forum: Personal Consumer Issues
Topic: Iphone [need a new one]
Replies: 23
Views: 2868

Re: Iphone [need a new one]

If you're a Costco member they're having a great sale now on new phones.
by Maven
Sat Nov 23, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Selling truck on Craigslist
Replies: 42
Views: 2097

Re: Selling truck on Craigslist

Sand trap covered most everything but one more thing to do prior to meeting in person might be to ask the interested buyer to send you a photo of themself holding their driver's license so it's clear the faces are a match as well as identity. This also shows proof of a valid driver's license. I have...
by Maven
Thu Nov 14, 2019 12:06 am
Forum: Investing - Theory, News & General
Topic: Help me understand Owl Rock's 7% return
Replies: 16
Views: 1671

Re: Help me understand Owl Rock's 7% return

Thanks all. Your answers are exactly what I expected.
by Maven
Wed Nov 13, 2019 3:37 pm
Forum: Investing - Theory, News & General
Topic: Help me understand Owl Rock's 7% return
Replies: 16
Views: 1671

Help me understand Owl Rock's 7% return

Today a client of mine started chatting about a recent investment he made in Owl Rock. He said it returns 7 - 8%. Out of curiosity, I looked it up and can't quite decipher the facts. I do see a possible 5% sales load and get the concept that they lend money to businesses. Can anyone help explain an ...
by Maven
Tue Nov 12, 2019 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: How to shop for term life insurance
Replies: 8
Views: 564

Re: How to shop for term life insurance

I would also recommend comparing quotes at Policy Genius.
by Maven
Sun Nov 10, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ: Underwater Car Loans
Replies: 38
Views: 2490

Re: WSJ: Underwater Car Loans

Insane. I have a brother-in-law who refinanced his house a while back and pulled cash out to pay off two newish vehicles as well as pay off credit card debt. They are now in a bigger, more expensive house and just mentioned the other day that they're looking to replace their vehicles since "they're ...
by Maven
Fri Nov 01, 2019 8:17 am
Forum: Personal Investments
Topic: What to do with RMDs?
Replies: 21
Views: 2477

Re: What to do with RMDs?

Having been the adult child, I really think my parents got it right. This is the type of help they want to provide. I think since they were older when they had their kids, they're finding themselves to be in this in between period of time where their children aren't quite at these stages but the RM...
by Maven
Fri Nov 01, 2019 7:26 am
Forum: Personal Investments
Topic: What to do with RMDs?
Replies: 21
Views: 2477

Re: What to do with RMDs?

If the kids are not currently in a position to max out contributions to their 401k plans, and if those plans have good investment options (low cost diversified index funds), the parents could consider reimbursing kids for additional contributions to their employer plan accounts and/or to their IRAs...
by Maven
Fri Nov 01, 2019 7:02 am
Forum: Personal Investments
Topic: What to do with RMDs?
Replies: 21
Views: 2477

Re: What to do with RMDs?

I’m a bit confused. Do they intend to gift to the kids when they marry and/or purchase homes in the next few years? Or do they want to maximize the kids’ inheritances? I think the real "problem" is that they are forced to take the RMDs but do not need the money to live on. So where to put that mone...
by Maven
Thu Oct 31, 2019 1:44 pm
Forum: Personal Investments
Topic: What to do with RMDs?
Replies: 21
Views: 2477

Re: What to do with RMDs?

Thanks to all who have replied. I greatly appreciate it!
by Maven
Thu Oct 31, 2019 1:19 pm
Forum: Personal Investments
Topic: What to do with RMDs?
Replies: 21
Views: 2477

Re: What to do with RMDs?

KingRiggs wrote:
Thu Oct 31, 2019 1:09 pm
I would hope that at the age their (adult) children have reached, they wouldn't need much, if any, financial help.
One child is a teacher in a HCOL area - the same town he was raised in. Financial assistance here and there is helpful to make ends meet.
by Maven
Thu Oct 31, 2019 1:16 pm
Forum: Personal Investments
Topic: What to do with RMDs?
Replies: 21
Views: 2477

Re: What to do with RMDs?

Asking for a dear neighbor/friend who is seeking advice on this. Healthy 75 and 81 year old couple both with teacher pensions. Living comfortably off pensions and SS with no debt and own their home. Goal is to leave two adult children as much as possible. What to do with RMDs? They should invest th...
by Maven
Thu Oct 31, 2019 1:04 pm
Forum: Personal Investments
Topic: What to do with RMDs?
Replies: 21
Views: 2477

What to do with RMDs?

Asking for a dear neighbor/friend who is seeking advice on this. Healthy 75 and 81 year old couple both with teacher pensions. Living comfortably off pensions and SS with no debt and own their home. Goal is to leave two adult children as much as possible. What to do with RMDs? Both children will be ...
by Maven
Wed Oct 23, 2019 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can I open and contribute to a IRA while receiving financial aid and government assistance.
Replies: 31
Views: 2198

Re: Can I open and contribute to a IRA while receiving financial aid and government assistance.

I have a feeling you're going to look back in 5 years and be really amazed at the progress you've made. And your 4 year old is going to have one strong, hardworking Mom to look up to. Cheers to you!
by Maven
Tue Oct 22, 2019 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 7339

Re: Is principal portion of mortgage counted for savings rate purposes?

Conflicting opinions on this but if you do choose to include it, I like this explanation of how to calculate your "power percentage".

https://petetheplanner.com/power-percentage/
by Maven
Tue Oct 22, 2019 6:22 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2234

Re: Thinking of hiring a financial planner - any advice?

This is a really tough crowd for this question. Unfortunately, I can't make a recommendation but I think it's very smart of you to seek out assistance/advice during this transition. Money well spent even if it just brings you peace of mind to have a second set of eyes and ears on your plan. Best of ...
by Maven
Sun Oct 20, 2019 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Legacy/Inheritance
Replies: 61
Views: 7024

Re: Legacy/Inheritance

My sibling's in laws are a very frugal couple in their early 70s. They thoroughly enjoy living a frugal lifestyle and don't care to spend more on themselves than they already do. No one besides close family know they likely have a similar amount of wealth as the OP. For many years they have been gif...
by Maven
Tue Oct 15, 2019 6:40 am
Forum: Personal Consumer Issues
Topic: Help me find some high quality cargo pants.
Replies: 63
Views: 6270

Re: Help me find some high quality cargo pants.

Try Mountain Khakis. My husband swears by them.
by Maven
Sat Oct 12, 2019 7:03 pm
Forum: Personal Consumer Issues
Topic: What workout equipment to get?
Replies: 63
Views: 5226

Re: What workout equipment to get?

The TRX is the best piece of equipment out there. You can find it for $100 or nearly identical generic versions for closer to $50. It is appropriate for every age and ability and takes up very little space. It's ideal for your strength training component but can also be effective for cardio. (For wh...
by Maven
Mon Sep 30, 2019 6:24 am
Forum: Personal Investments
Topic: Bonds as a large part of the portfolio
Replies: 16
Views: 1246

Re: Bonds as a large part of the portfolio

I found this article helpful. Posted just yesterday. He specifically mentions the danger of seeking high yield in situations such this. 2. Excessively low rates cause investors to reach for yield. With rates on high-quality government and corporate bonds providing paltry income, many people throw ca...
by Maven
Sun Sep 29, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know what your partner spends money on?
Replies: 80
Views: 6947

Re: Do you know what your partner spends money on?

OP, If you save enough money why should you care how much either of you spent? KlangFool I'm not the OP but I can answer this from my situation. We save enough to reach our longterm goals. The problem is my husband spends in the moment. We can't afford to do this. For example, he will spend $XXX on...
by Maven
Sat Sep 28, 2019 1:39 pm
Forum: Investing - Theory, News & General
Topic: Jonathan Clements: About half your retirement accumulation is just the dollars you put in
Replies: 92
Views: 15061

Re: Jonathan Clements: About half your retirement accumulation is just the dollars you put in

I started following this blog a few weeks ago (thanks to hearing about it via the forum) and I find it to be a perfect way to start my Saturday. I was chatting about this article with my husband this morning. Thanks for posting.
by Maven
Fri Sep 27, 2019 6:37 am
Forum: Personal Consumer Issues
Topic: Switched from Verizon's postpaid plan to prepaid: Saved 38%
Replies: 95
Views: 11563

Re: Switched from Verizon's postpaid plan to prepaid: Saved 38%

Update: I switched a week ago. So far no dropped calls or slowed data speeds as far as I can tell. I was also in the mountains this past weekend and had had some service as the others. Only complaint is that going back to dial in voicemail seems so dated. I know they keep that on purpose! Anyone fi...
by Maven
Tue Sep 24, 2019 9:09 am
Forum: Personal Consumer Issues
Topic: Switched from Verizon's postpaid plan to prepaid: Saved 38%
Replies: 95
Views: 11563

Re: Switched from Verizon's postpaid plan to prepaid: Saved 38%

Only complaint is that going back to dial in voicemail seems so dated. I know they keep that on purpose! Anyone find that there's a way to add it for a couple $$ a month? I did not see that as an option. Do you have an iPhone? If not, it looks like you are out of luck. According to this Verizon FAQ...
by Maven
Tue Sep 24, 2019 6:25 am
Forum: Personal Consumer Issues
Topic: Switched from Verizon's postpaid plan to prepaid: Saved 38%
Replies: 95
Views: 11563

Re: Switched from Verizon's postpaid plan to prepaid: Saved 38%

Update: I switched a week ago. So far no dropped calls or slowed data speeds as far as I can tell. I was also in the mountains this past weekend and had had some service as the others. Only complaint is that going back to dial in voicemail seems so dated. I know they keep that on purpose! Anyone fin...
by Maven
Tue Sep 17, 2019 3:02 pm
Forum: Personal Investments
Topic: Please help me invest a little sentimental mad money
Replies: 40
Views: 2776

Re: Please help me invest a little sentimental mad money

What if you keep this money separate as you mentioned. Have fun with investing it in a way that will allow you to watch it grow. When it does grow, withdraw $20 - $100 here and there and make someone's day with a surprise. You could have a lot of fun with this just like your Mom probably did hiding ...
by Maven
Tue Sep 17, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 12029

Re: How do you spend money to gain time? (young family)

A lot of good suggestions here. We have a 5 and 3.5 year old so I can sympathize. Instead of spending money on things to add sanity back into our lives, we have chosen to sacrifice income to get that sanity and stability during the toddler years. I understand this isn't possible for everyone. When w...
by Maven
Mon Sep 16, 2019 9:08 pm
Forum: Personal Consumer Issues
Topic: Switched from Verizon's postpaid plan to prepaid: Saved 38%
Replies: 95
Views: 11563

Re: Switched from Verizon's postpaid plan to prepaid: Saved 38%

Thanks so much for the info. Never heard of this but I just switched over. My bill just went from $87 to $47 per month. Now we'll see if I experience any service issues. I can handle a little hit based on an annual savings of $480. :sharebeer My sentiment exactly. Does anyone know if you could easi...
by Maven
Mon Sep 16, 2019 2:49 pm
Forum: Personal Consumer Issues
Topic: Switched from Verizon's postpaid plan to prepaid: Saved 38%
Replies: 95
Views: 11563

Re: Switched from Verizon's postpaid plan to prepaid: Saved 38%

Thanks so much for the info. Never heard of this but I just switched over. My bill just went from $87 to $47 per month. Now we'll see if I experience any service issues. I can handle a little hit based on an annual savings of $480. :sharebeer
by Maven
Sat Sep 14, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 32701

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

I think what OP pulled off is admirable but at this point his expenses are maintained in part by his higher networth (housing equity), not his earnings. Goal33 - How are expenses maintained by home equity if you don't tap into the equity? OP - thank you for the in depth post. I appreciate seeing th...
by Maven
Wed Sep 11, 2019 7:10 pm
Forum: Investing - Theory, News & General
Topic: Can Traditional IRA or 401K dollars remain completely tax free?
Replies: 19
Views: 1648

Re: Can Traditional IRA or 401K dollars remain completely tax free?

Thank you all for the responses. I always thought HSA dollars were the only dollars that could be entirely tax free when used correctly. But it seems that given certain circumstances, TRAD contributions may also apply. Good news, bad news: I don’t have to pay taxes because my income is so low. Bad ...
by Maven
Wed Sep 11, 2019 6:51 pm
Forum: Investing - Theory, News & General
Topic: Can Traditional IRA or 401K dollars remain completely tax free?
Replies: 19
Views: 1648

Re: Can Traditional IRA or 401K dollars remain completely tax free?

Would there be a minimum recommended amount to maintain in traditional accounts for these purposes? I realize that would be a complete estimate but worth considering.
by Maven
Wed Sep 11, 2019 3:12 pm
Forum: Investing - Theory, News & General
Topic: Can Traditional IRA or 401K dollars remain completely tax free?
Replies: 19
Views: 1648

Re: Can Traditional IRA or 401K dollars remain completely tax free?

Thank you all for the responses. I always thought HSA dollars were the only dollars that could be entirely tax free when used correctly. But it seems that given certain circumstances, TRAD contributions may also apply.
by Maven
Wed Sep 11, 2019 11:05 am
Forum: Investing - Theory, News & General
Topic: Can Traditional IRA or 401K dollars remain completely tax free?
Replies: 19
Views: 1648

Can Traditional IRA or 401K dollars remain completely tax free?

Can $1 invested in a Traditional account remain completely tax free? Example: In retirement you withdraw the amount to cover the standard deduction from your Traditional IRA or 401K. So for today's tax law you could avoid tax on that $24,400? Assuming you follow all withdrawal rules.