Search found 21 matches

by MaryO
Mon Nov 11, 2019 1:33 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 105
Views: 8261

Re: Spend It All vs. Leave $$ for the Kids

Such thoughtful, interesting replies. Thank you all. I do hope to leave $$ for the kids and God willing, help with future grandchildren's educations and throw in some nice family vacations. But step one is doing everything possible to avoid being a burden down the road. An excellent step one! Aside...
by MaryO
Sun Nov 10, 2019 12:31 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 105
Views: 8261

Re: Spend It All vs. Leave $$ for the Kids

Find most of these replies odd... in that it somewhat assumes that the money would be left to very young people (children/ young adults) .... which would be far from the norm. Much more likely an inheritance to be going to middle-aged / nearing retirement / in retirement descendants. By that point ...
by MaryO
Sun Nov 10, 2019 10:42 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 105
Views: 8261

Re: Spend It All vs. Leave $$ for the Kids

Such thoughtful, interesting replies. Thank you all. I do hope to leave $$ for the kids and God willing, help with future grandchildren's educations and throw in some nice family vacations. But step one is doing everything possible to avoid being a burden down the road. Aside from the finances, I vo...
by MaryO
Sat Nov 09, 2019 12:13 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 105
Views: 8261

Spend It All vs. Leave $$ for the Kids

I was reading a SWR thread and posters were chiming in with their thoughts on generational wealth being part of their retirement plan. For some it's a given. Some believe "teaching a man to fish" and leaving nothing is best. Some plan to help with school/home purchase/wedding but otherwise not let t...
by MaryO
Sat Nov 02, 2019 10:53 am
Forum: Personal Investments
Topic: Do you consider pensions as part of your overall asset allocation?
Replies: 67
Views: 5040

Re: Do you consider pensions as part of your overall asset allocation?

My wife and I would both have pensions at retirement. Hers would be a federal pension and mine a corporate pension. Both reasonably solid. Hers as solid as you can get being back by the federal government. Do you value these income flows along with social security as fixed income as part of an over...
by MaryO
Wed Oct 30, 2019 1:41 pm
Forum: Personal Consumer Issues
Topic: Women wearing black to a wedding?
Replies: 56
Views: 4359

Re: Women wearing black to a wedding?

Turned out, bridesmaids and groomsmen were in chocolate brown. I guess the couple held long-standing grudges against these poor folk. I look best in fall colors, like chocolate brown. Reds. Oranges. Greens. Golds. Black isn't suited to my skin tones. Neither are cool colors. I'd like wearing a choc...
by MaryO
Wed Oct 30, 2019 12:21 pm
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8771

Re: How much do you plan to spend on your children's weddings?

My daughter got married in 2017 at age 25. SIL was 30, so more financially settled. They also bought their first home and closed on it one week before the wedding. It was a whirlwind, to say the least. We just gave them $15k and they handled all the wedding planning on their own. I know in-laws cont...
by MaryO
Tue Oct 29, 2019 3:35 pm
Forum: Personal Consumer Issues
Topic: Women wearing black to a wedding?
Replies: 56
Views: 4359

Re: Women wearing black to a wedding?

Black is very common at weddings on the east coast, but I would call your relative and ask. My daughter just wore a black gown to a formal wedding last weekend. It's her go-to wedding guest gown when she doesn't have time to shop or wants to put extra $$ in her ROTH :D Her bridesmaids wore their own...
by MaryO
Sat Oct 26, 2019 11:23 am
Forum: Personal Investments
Topic: take lump-sum from pension or not?
Replies: 16
Views: 1243

Re: take lump-sum from pension or not?

A lot depends on your financial situation. I generally favor trying to maximize retirement income from pensions and Social Security. I waited until 65 to max a small pension and waited to age 70 for max Social Security. But I had a decent financial situation to fund the delays. Now, at age 71 our p...
by MaryO
Thu Sep 26, 2019 12:30 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9496

Re: Merrill Lynch Advisor wants to meet for coffee

I'm happy with being a BofA customer and I think they're linked with Merrill Lynch. I periodically have money passing through my BofA account (such as the down payment for the house I'm buying next month) and get asked about ML. I wouldn't even do the steak / whiskey suggestions. If I don't talk to...
by MaryO
Sat Sep 14, 2019 9:02 am
Forum: Personal Investments
Topic: Should I change allocations
Replies: 16
Views: 1330

Re: Should I change allocations

If you like to learn by reading books by Larry Swedroe and Rick Ferri would be recommended. I never found investing interesting but knew we were being negligent and losing opportunity to make our $ work. I came to this forum and felt overwhelmed until I read The Only Guide to A Winning Investment S...
by MaryO
Tue Sep 10, 2019 6:25 pm
Forum: Personal Investments
Topic: Is this what a CFP does?
Replies: 43
Views: 3216

Re: Is this what a CFP does?

Tibbits, it's generational to some extent. But also influenced by disposition. Some people will go into an upscale department store and use a personal shopper who charges commission. Others will enjoy exploring the clearance racks. Both walk away feeling successful. One feels pampered & understood. ...
by MaryO
Tue Sep 10, 2019 5:43 pm
Forum: Personal Investments
Topic: New To This, Just Read Bogle's Little Book of Common Sense Investing!
Replies: 10
Views: 1207

Re: New To This, Just Read Bogle's Little Book of Common Sense Investing!

I wish I could transport myself back 24 years to be in your shoes. Bravo for being ambitious and saving a nice chunk. Now the Boglehead experts will guide you on how to make the best decisions for your situation. Try to absorb as much as you can.
by MaryO
Tue Sep 10, 2019 5:28 pm
Forum: Personal Investments
Topic: Is this what a CFP does?
Replies: 43
Views: 3216

Re: Is this what a CFP does?

I don't see Warfrat as being vindictive. I see a son/daughter looking out for mom and dad. Maybe "forensic review" was a term that evoked aggressive investigation followed by legal actions.....that's not what he/she wants. Just some facts to present to the parents to help them stop the bleeding. It'...
by MaryO
Wed Sep 04, 2019 9:46 am
Forum: Personal Consumer Issues
Topic: Got a free dehumidifier under warranty after 4.5 years
Replies: 5
Views: 663

Re: Got a free dehumidifier under warranty after 4.5 years

We just cut the cord and completed the Frigidaire replacement process last week. It will be the second replacement on this warranty. Glad we kept the paperwork.
by MaryO
Mon Sep 02, 2019 5:33 pm
Forum: Personal Consumer Issues
Topic: Recommendations for Polish Beer
Replies: 24
Views: 1676

Re: Recommendations for Polish Beer

Zywiec is great.
by MaryO
Wed Aug 21, 2019 7:32 am
Forum: Personal Investments
Topic: Seeking Lower Expense Ratios in a 401K
Replies: 7
Views: 465

Re: Seeking Lower Expense Ratios in a 401K

Thank you for the NUA advice. I just read up on it and it's the perfect example of why this forum is so valuable. Without knowing about NUA, we might have taken action that disqualified us from ever using it. :moneybag
by MaryO
Tue Aug 20, 2019 6:58 pm
Forum: Personal Investments
Topic: Seeking Lower Expense Ratios in a 401K
Replies: 7
Views: 465

Re: Seeking Lower Expense Ratios in a 401K

Thanks....I will get busy moving it right away.
by MaryO
Tue Aug 20, 2019 5:28 pm
Forum: Personal Investments
Topic: Seeking Lower Expense Ratios in a 401K
Replies: 7
Views: 465

Re: Seeking Lower Expense Ratios in a 401K

It's been sitting in the 401K because of negligence, inertia, laziness. :( We thought since it's such a low administrative fee we could keep it, but if there are reasons not to do so I am open to hearing them! One of the funds he's in is the corporate stock fund and the unit cost is quite different ...
by MaryO
Tue Aug 20, 2019 5:18 pm
Forum: Personal Investments
Topic: where does kids college funds come into play in my plan?
Replies: 24
Views: 2025

Re: where does kids college funds come into play in my plan?

Congratulations on the new addition! Your comfortable income means your child will not be eligible for any need-based financial aid and will not be offered a federal subsidized student loan. (Yes, it's a long ways off and rules may change.....) So the day her student loan is dispersed, she is being ...
by MaryO
Tue Aug 20, 2019 4:32 pm
Forum: Personal Investments
Topic: Seeking Lower Expense Ratios in a 401K
Replies: 7
Views: 465

Seeking Lower Expense Ratios in a 401K

60 year old rookie determined to move ahead with a smart plan and not kick myself for past negligence. Read BH Guide to Retirement Planning and started my second Larry Swedroe book. Spent the last couple weeks moving scattered accounts to Vanguard. Will prepare the correct format post to get detaile...