Search found 43 matches

by minneapples
Sat Apr 15, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Roth During Children Years?
Replies: 14
Views: 1691

Re: Roth During Children Years?

Daycare where we live is incredibly expensive (another 1.5-2x our mortgage for our two children together, to have them somewhere licensed and that meets our other requirements) so for these years we are focusing on the 401ks to give ourselves the cash flow. Husband has a match for everything he puts...
by minneapples
Thu Apr 13, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Recent milestones?
Replies: 2
Views: 445

Recent milestones?

I love reading about other people reaching financial milestones, but I'm always reluctant to post mine because I feel like individually they don't really merit their own threads. I thought maybe others would like a rolling thread where anyone is welcome to post their most recent financial milestones...
by minneapples
Thu May 26, 2016 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Work or stay at home mom or change careers
Replies: 64
Views: 6111

Re: Work or stay at home mom or change careers

I have found that I am capable of managing the house, the children (2) and a demanding job... The only thing that suffers in our current equation is ME time. With that extra 40%, I'd have much more free time to focus on myself. You don't think your children would benefit from spending more than jus...
by minneapples
Wed May 25, 2016 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Work or stay at home mom or change careers
Replies: 64
Views: 6111

Re: Work or stay at home mom or change careers

Mother of two children here, 3.5 years and 6 months. If I had a viable PT option, I would strongly consider it, but that's not realistic in my industry. People are happy to agree to part time pay, but it doesn't translate to part time responsibility. So as a practical matter my options were work FT ...
by minneapples
Wed May 25, 2016 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2320
Views: 421718

Re: What's Your Credit Card Rewards Strategy?

I use Chase Freedom Unlimited, 1.5% cash back. 2/3 of our monthly spending is day care for our two children, which we can put on a credit card. SO far as I know, 1.5% is the best reward we can get on that expense, and I don't want the hassle of managing multiple cards. Before we switched to the Cha...
by minneapples
Wed May 25, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2320
Views: 421718

Re: What's Your Credit Card Rewards Strategy?

I use Chase Freedom Unlimited, 1.5% cash back. 2/3 of our monthly spending is day care for our two children, which we can put on a credit card. So far as I know, 1.5% is the best reward we can get on that expense, and I don't want the hassle of managing multiple cards. Before we switched to the Chas...
by minneapples
Sun Jan 31, 2016 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: has anyone recently refinanced with PenFed?
Replies: 8
Views: 1313

Re: has anyone recently refinanced with PenFed?

I refinanced my mortgage in September 2015. We closed the very last day of the 60 day lock, and no one could tell me until the closing (not even a couple hours before the closing--and I dogged then on this) how much the closing costs would be so I was unable to bring payment to the closing. Ordinari...
by minneapples
Fri Jan 15, 2016 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to buy individual stocks?
Replies: 11
Views: 1063

Best way to buy individual stocks?

I know, I know. We don't do that here. But I want to buy an individual stock -- a single share -- for my son in a company he has attachment to (probably Ferrari) so he can watch it over time and learn about the stock market in an easy to understand way that also feels a little personal. I don't expe...
by minneapples
Sat Jul 25, 2015 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to 3 fund portfolio and "correcting" for limited 401k offerings without sacrificing simplicity
Replies: 4
Views: 495

Moving to 3 fund portfolio and "correcting" for limited 401k offerings without sacrificing simplicity

After thinking about it for a few months, I've been convinced that I should drop the 6-fund approach I've taken for the last five or six years (essentially David Swenson's lazy portfolio) and move to a three-fund portfolio. I'd keep my existing asset allocations carton of 30% bonds with 35% US stock...
by minneapples
Thu Jul 23, 2015 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Picking the right mortgage refi
Replies: 3
Views: 625

Re: Picking the right mortgage refi

I'm not aware of any no-cost refis going anywhere with low rates these days -- any suggestions?
by minneapples
Thu Jul 23, 2015 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Picking the right mortgage refi
Replies: 3
Views: 625

Picking the right mortgage refi

I am 5 years into a 30y fixed mortgage at 5%, and planning to refinance. My existing mortgage was a no-cost refi from a 30y loan that was at 5.625%. So I'm altogether 10 years into home ownership, and have about $199k remaining on the loan. We do not plan on moving. Even with home prices having fall...
by minneapples
Thu Jul 23, 2015 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Family budget advice
Replies: 14
Views: 2233

Re: Family budget advice

A couple thoughts: - your daycare number seems low, $5k/year (the FSA maximum) will not cover fulltime infant care anywhere I know of, unless you have a family member doing it for cheap -- which in turn would complicate your ability to use the FSA to pay them (or prevent it entirely if the paperwork...
by minneapples
Thu Apr 16, 2015 9:21 am
Forum: Personal Finance (Not Investing)
Topic: How to [Financially] Prepare for a Baby
Replies: 42
Views: 7187

Re: How to [Financially] Prepare for a Baby

Two main suggestions. First, regardless of what your family plans to do for childcare, those childcare plans will have a big effect on your finances after baby. Daycare can be extremely expensive (mine is more than my mortgage payment, and that it typical for my area). On the other hand, going from ...
by minneapples
Fri Apr 10, 2015 10:31 am
Forum: Personal Consumer Issues
Topic: Honeymoon Ideas
Replies: 31
Views: 4084

Re: Honeymoon Ideas

I'm in a very similar situation (getting married in July) and we are going to the Dominican. I find that it is always a great bang for the buck there. Similar to you we are doing a relaxing week at an all inclusive. We got a great deal through Costco that provides for an upgraded room with a lot of...
by minneapples
Fri Apr 10, 2015 10:18 am
Forum: Personal Consumer Issues
Topic: Declining to continue Interview Process
Replies: 26
Views: 4996

Re: Declining to continue Interview Process

I would also consider saying (if it is true; it seems from your post like perhaps it is) that you have a very favorable impression of the company (insert specifics here) and would certainly welcome an opportunity to work with them in the future if the timing or circumstances are right. I once turned...
by minneapples
Wed Apr 08, 2015 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: How should I go about getting a Will made?
Replies: 22
Views: 3389

Re: How should I go about getting a Will made?

... Court employees are not ever supposed to give legal advice, ... judicial ethics rules against appearing to favor particular parties or attorneys. ...I am always happy to give them the name of a couple of colleagues I respect What are you talking about ? First of all, court clerks have no ethica...
by minneapples
Wed Apr 08, 2015 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: How Should Using Roth IRA as E-Fund Affect Asset Allocation?
Replies: 6
Views: 690

Re: How Should Using Roth IRA as E-Fund Affect Asset Allocat

So you have $25k for 7.5 months of unemployment. Unemployment is probably the most common, but by no means the only type of emergency. The most common other type of emergency is probably medical. That raises the questions of a) how good your insurance plan is and how much it would cost with COBRA (...
by minneapples
Wed Apr 08, 2015 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: How Should Using Roth IRA as E-Fund Affect Asset Allocation?
Replies: 6
Views: 690

Re: How Should Using Roth IRA as E-Fund Affect Asset Allocat

To clarify, your Roth will serve as a backup emergency fund, not the primary emergency fund, right? In other words, if s**t really hits the fan and your 7.5 months of emergency savings is insufficient, then you dip into the Roth contributions? Correct. It would only be a last resort. No joke, I'd s...
by minneapples
Wed Apr 08, 2015 9:12 am
Forum: Personal Finance (Not Investing)
Topic: How Should Using Roth IRA as E-Fund Affect Asset Allocation?
Replies: 6
Views: 690

How Should Using Roth IRA as E-Fund Affect Asset Allocation?

I am 35, my husband is 37. We currently have $25k in "emergency savings" which is the equivalent of: -about 5 months expenses with one child in day care -about 3.5 months expenses with a second child in day care (we are due this fall, and after taking leave, that second daycare bill will k...
by minneapples
Wed Apr 08, 2015 8:40 am
Forum: Personal Finance (Not Investing)
Topic: How should I go about getting a Will made?
Replies: 22
Views: 3389

Re: How should I go about getting a Will made?

Hiring a lawyer based on a friends referral is no different than investing in a mutual fund based solely on a brief conversation with a friend, co-worker, or relative. I would go down to the probate court and inquire. Don't try to accomplish this with a phone call. You are very unlikely to get usef...
by minneapples
Tue Apr 07, 2015 10:06 am
Forum: Personal Finance (Not Investing)
Topic: How should I go about getting a Will made?
Replies: 22
Views: 3389

Re: How should I go about getting a Will made?

My estate lawyer in the Twin Cities metro area charged us $700 for wills for me and my husband (a separate one for each of us). That was the friend-of-a-friend discount, as she went to law school with a good friend of mine; normally I think she charges $900-$1000 for a pair of wills. She did not do ...
by minneapples
Mon Aug 12, 2013 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: When did you get term life insurance? How long and how much?
Replies: 32
Views: 3590

Re: When did you get term life insurance? How long and how m

I am seeing several comments here that are, in my experience, misperceptions about pregnant womens' insurability. Here's what I wrote in a recent post addressing this issue: Old post, but I applied for a policy and had the physical shortly before learning I was pregnant. I'd heard the same as you an...
by minneapples
Thu Aug 08, 2013 11:49 am
Forum: Personal Finance (Not Investing)
Topic: What do I owe my children?
Replies: 119
Views: 12672

Re: What do I owe my children?

The one thing that is clear is that this issue is about money on the surface, ultimately about family dynamics/harmony. I am finding the comments to be helpful and a circumstance that others have faced. Are there those who have faced a similar circumstance and found the decisions did not lead to th...
by minneapples
Wed Aug 07, 2013 10:02 am
Forum: Personal Finance (Not Investing)
Topic: What do I owe my children?
Replies: 119
Views: 12672

Re: What do I owe my children?

Both boys are very responsible, generally know of our financial circumstances and have voiced that they want us to spend without considering them or an inheritance. That is the cognitive statement, but the emotional one may differ. The issue of the first son feeling we emotionally favor the second ...
by minneapples
Tue Aug 06, 2013 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Planning to Start a Family and Life Insurance Policies
Replies: 3
Views: 521

Re: Planning to Start a Family and Life Insurance Policies

Hello! My husband and I are planning to start trying for a baby in a couple of months and we are doing our research to prepare . One thing I read during my research on this topic is that it may be best to get a life insurance policy before you are pregnant as some companies charge higher premiums t...
by minneapples
Tue Aug 06, 2013 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate & budget stress
Replies: 22
Views: 3105

Re: Savings rate & budget stress

I adore my slow cooker, and cooking big batches of soups and stews, freezing the leftovers, was an enormous help during my pregnancy and first few months with my baby. We ate out much less and also had less stress around meal prep, and prepping a double batch of stew takes little more work than prep...
by minneapples
Tue Aug 06, 2013 9:15 am
Forum: Personal Finance (Not Investing)
Topic: How to simplify and overcome Boglehead perfectionism?
Replies: 38
Views: 6253

Re: How to simplify and overcome Boglehead perfectionism?

The OP wasn't talking just -- or even mostly -- about investment strategies, more about the related personal finance attitudes that seem to go along with bogleheadism -- living below your means/thrift/frugality/modest living/whatever you want to call it, expense tracking, all that stuff that you do ...
by minneapples
Mon Aug 05, 2013 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: How to simplify and overcome Boglehead perfectionism?
Replies: 38
Views: 6253

Re: How to simplify and overcome Boglehead perfectionism?

I had a baby a few months back, and he now occupies the time I used to have for financial planning, plus some. We are cruising on autopilot to a large extent for retirement investing, bill paying, etc. We have a housecleaner come every other week and starting in the fall will hire a lawn service, to...
by minneapples
Fri Sep 14, 2012 11:24 am
Forum: Investing - Help with Personal Investments
Topic: New Employer, New 401k
Replies: 13
Views: 821

Re: New Employer, New 401k

...it's not how we're interested in doing it. That part is fine. You can choose something just because you prefer it. But this will only work out as well as a joint portfolio if your husband's choices are as low cost as yours. And as I said, our options are comparable, so I didn't think it was nece...
by minneapples
Fri Sep 14, 2012 9:50 am
Forum: Investing - Help with Personal Investments
Topic: New Employer, New 401k
Replies: 13
Views: 821

Re: New Employer, New 401k

retiredjg : fixed it. Sorry. That's what I get for not proofreading. And I appreciate the input on the consolidated portfolio approach, and certainly do understand why it would be desireable in certain situations, but for the reasons I already explained, it's not how we're interested in doing it. I...
by minneapples
Thu Sep 13, 2012 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: New Employer, New 401k
Replies: 13
Views: 821

Re: New Employer, New 401k

You listed your retirement assets. Does your husband have any? We try to consider a couple's entire portfolio when making suggestions. Duckie, I edited the original post to provide some more information about this. Thanks for asking. I should have included it to start with, for clarity, but as you'...
by minneapples
Thu Sep 13, 2012 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: New Employer, New 401k
Replies: 13
Views: 821

Re: New Employer, New 401k

Those do look like the best options, don't they? I am a little leery of treating a 500 fund as a stand-in for a total stock fund, which is what would happen in time with that approach as I build up the 401k much faster than the Vanguard accounts. But that won't be an issue for a couple of years, and...
by minneapples
Thu Sep 13, 2012 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: New Employer, New 401k
Replies: 13
Views: 821

New Employer, New 401k

I've hit the one-year anniversary date with my "new" job and am finally eligible to contribute to the 401k starting 1 October. Right now all my retirement investments are at Vanguard, but my new 401k is run through Fidelity, and I'm trying to pick my funds from a bunch of options that look...
by minneapples
Fri Dec 02, 2011 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: How much do you contribute for 529
Replies: 73
Views: 5023

Re: How much do you contribute for 529

We have two 529s and 0 children, and put $100/month into each plan. I don't think it's the best plan. We don't get any immediate tax benefit in our state, and I'd rather invest that money in a taxable account for the time being. But my husband felt strongly that he wanted to get a jump on college sa...
by minneapples
Tue Nov 22, 2011 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping cash on person
Replies: 48
Views: 4224

Re: Keeping cash on person

Jay69 wrote:btw, does minneapples = Minneapolis?


Yup!
by minneapples
Tue Nov 22, 2011 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping cash on person
Replies: 48
Views: 4224

Re: Keeping cash on person

Jay69, I think you are missing the point. I am trying to avoid buying every last art deco buffet and tin ceiling panel I come across on craigslist. :lol
by minneapples
Tue Nov 22, 2011 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping cash on person
Replies: 48
Views: 4224

Re: Keeping cash on person

I have a $100-$200 in $5 and $1 bills, in case I need to fill up the cars and buy some bottled water when the power is down after a storm (no working ATMs or credit card scanners). In the unlikely event that I need any more cash on hand than that, I'm probably screwed anyway, so I'll take my chances...
by minneapples
Tue Nov 22, 2011 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional/Roth 401(k) rollover tax question
Replies: 3
Views: 338

Re: Traditional/Roth 401(k) rollover tax question

I had no problem doing just this same type of mixed conversion a year or so ago with Vanguard. A word of warning, the tax software I used in 2010 refused to believe that this was possible and it created a lot of unpleasant downstream effects even though I had all the proper paperwork in hand. It rea...
by minneapples
Sun Sep 25, 2011 1:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Same Day Trades
Replies: 5
Views: 689

Glad all the pros are coming out and letting us know about their great market timing moves. Maybe if gold drops a bit more we will get all the stories of how people bought in at 800 and sold right at 1899. How is this market timing? Sounds like passive rebalancing to me -- investing new funds in li...
by minneapples
Thu Jul 14, 2011 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Advice and book recommendations for a young couple
Replies: 14
Views: 1883

Smart Couples Finish Rich by David Bach. My husband and I read this in the lead up to our wedding and discussed it chapter by chapter. I have more financial interest and skill than he does (as he would be the first to tell you) but the exercises in the book helped us to get on the same page about th...
by minneapples
Thu Jun 30, 2011 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Limiting your career by not moving
Replies: 24
Views: 4291

It's like anything else, the type of work you choose to do, the type of clients you choose to work with, the place you choose to live. If every professional decision I made was about how I maximize my earnings, I would be making gobs more than I do now. But I would also be less happy in my personal ...
by minneapples
Tue Jun 28, 2011 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds for Emergency Funds?
Replies: 10
Views: 8102

Re: I Bonds for Emergency Funds?

The problem I have now is those i-bonds are doing too well . I would hate to have to sell them no matter what the nature of the emergency. I don't have a solution, I just thought I'd toss the thought out there. Ha, I believe that's what is referred to as a "First World problem." But it is...
by minneapples
Tue Jun 28, 2011 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: I Bonds for Emergency Funds?
Replies: 10
Views: 8102

I Bonds for Emergency Funds?

I am considering whether to put some portion of my family's emergency savings in I bonds, since the rate we are earning with our bank is less than inflation. It doesn't hurt that we are looking to close out our ING account since the idea of doing any banking with Capitol One (ugh!) sends shivers up ...