Search found 667 matches

by timmy
Sun Jun 03, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17278

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Another option to consider. My son is (just starting to) exploring this right now. So the details are sketchy. He will be working for a small insurance company this summer (computer and math stuff). Anyway, they said if it works out this summer and it is agreeable to both sides, he would keep doing ...
by timmy
Sat Jun 02, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 17278

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

It depends: Athletic scholarships are a whole other thing. My comments don't take these into account. Does the school operate need based or merit based? Most of the private elite schools are need based now. In short, they have a formula for determining what you'll pay. For example, if your household...
by timmy
Sat May 26, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Restricted Stock Units and Stock Options Strategy
Replies: 21
Views: 1931

Re: Restricted Stock Units and Stock Options Strategy

Should I sell these today, and capture the $10K profit less fees and taxes or let it run? My sense is to sell and diversify or spend or whatever. Someone above mentioned waiting until year 8. I don't fully understand the why on that. Thank you again. I struggled with this for a while also. Receivin...
by timmy
Sat May 26, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 293
Views: 23854

Re: Do people still use AAA?

Yes. I fabulous value. My wife drives on the highway a lot. She has no desire to change a tire, etc. It happens once a year (flat, something) that we call AAA. It's a small amount for the peace of mind. I use it when I have issues on the highway. I will not change the flat if it is one the highway s...
by timmy
Thu May 03, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Restricted Stock Units and Stock Options Strategy
Replies: 21
Views: 1931

Re: Restricted Stock Units and Stock Options Strategy

I hit "sell" on the RSUs this morning. Question on the options or maybe a clarification from above (made up numbers): I have 100 shares at a strike price of $100. The market price is $200. I was given these 3 years ago, and I can sell them today. I can wait up to 10 years to sell (7 years from now)....
by timmy
Wed May 02, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Restricted Stock Units and Stock Options Strategy
Replies: 21
Views: 1931

Restricted Stock Units and Stock Options Strategy

I sell my RSUs and Stock Options as soon as I can. Other than maybe tax implications, is it a sound strategy? My why? I feel the need to: 1) sell to actualize the gains. 2) for the proceeds that I want to invest, I invest according to my overall strategy (mostly stock/ bond index funds). 3) The comp...
by timmy
Sun Apr 22, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

Final decision = Notre Dame :sharebeer

A couple of folks have requested a "lessons learned" from our process. I'll post something in May. As noted before, if you'd like something more granular, feel free to "PM me".

Thank you for all the feedback.
by timmy
Wed Apr 18, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

Bad news = She died this past weekend. Good news = She was able to go home, and had a really good 2 to 3 days (relative to situation). The family has collected about $25K. $15K was given to the husband for funeral expenses, etc. The other $10K is being held until after the burial, etc. I believe the...
by timmy
Sun Apr 01, 2018 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

Congrats to your son! Great schools that will all open many doors. What type of argument/ask do you make? Is it like, "You may not have heard, but I'm a national merit finalist now so I assume you will increase your scholarship offer?" Negotiated graduate school scholarships. All schools were in a ...
by timmy
Sat Mar 31, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

Good question ...

Not quite ...

I'll post more generally about the approach (negotiate) at the end of this. And I can always PM the specifics (assuming it works) if someone found it useful.
by timmy
Sat Mar 31, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

Her lungs failed. While she is on a mechanical ventilator (right term???), the DOCS expect additional organ failure. It seems the rapid decline was unexpected but I suppose given the chaos that cancer is ... maybe not. Anyway, as it relates to this post, the extended family is gearing up at addition...
by timmy
Sat Mar 31, 2018 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

Now that the list is final. We will approach each school with a specific ask (discount on their current offer),respectfully presenting our rational. We actually started the process last week. Two off the schools have replied back that they are taking our request into consideration. Our approach at t...
by timmy
Sat Mar 31, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

FINAL LIST Accepted: **Notre Dame **U of IL (engineering) **Rose-Hulman **Purdue (engineering) **Vanderbilt Waitlisted: **U of Chicago **Cornell **Stanford Is your son thinking about working his waitlist options or making a decision based solely on his current acceptances? He has great options...ca...
by timmy
Sat Mar 31, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

My friend’s daughter got word today of being accepted at Stanford...after having been rejected by USC, Pomona, Grinnell. Her only other acceptance was UIUC which she was resigned to attending. Then Stanford came calling. What a day. Yes, the process is interesting, if only for it's real or perceive...
by timmy
Fri Mar 30, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

FINAL LIST

Accepted:

**Notre Dame
**U of IL (engineering)
**Rose-Hulman
**Purdue (engineering)
**Vanderbilt

Waitlisted:

**U of Chicago
**Cornell
**Stanford

Rejected:

**Caltech
**MIT
**Harvey Mudd
by timmy
Thu Mar 29, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Cosign college loan for sibling?
Replies: 87
Views: 4099

Re: Cosign college loan for sibling?

Wise move. And it took guts.
by timmy
Thu Mar 29, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

YES! Of all the posts here, you stated it best. Within the framework, the decision is his! In sum, he'll have 3 to 6 great choices that he can attend at his decision.
by timmy
Thu Mar 29, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Cosign college loan for sibling?
Replies: 87
Views: 4099

Re: Cosign college loan for sibling?

I listen to Dave Ramsey. That shows my bias. Anyway, the number of horror story calls (into his show) is enough to scare the hell out of one. It seems these things never end kind of bad ... they end relationships and split families. The fact that this is for college (vs.car, house, start a business)...
by timmy
Thu Mar 29, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

Correct, the total cost at U of IL is ~$37k. Actually a tad higher with fees related to the school of engineering. Engineering is on the highest end on their published spectrum. And engineering has the highest fees. (Correct, no merit.) In terms of U of IL, I believe it offers some relief based on i...
by timmy
Thu Mar 29, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

So, obviously he is going to Stanford if he get in. But otherwise, where is he going? Have you visited the campus? If he is deciding between few of them, please do visit those places before making final decision. I never understood what kids see by visiting but I understand it is very important for...
by timmy
Thu Mar 29, 2018 5:51 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

Ah yes, only Stanford remains, and that's tomorrow night. Cornell released last night. By my math, he has a 2 to 4% chance of getting into Stanford. That's taking into account not applying EA/ ED, his stats, demographics. So no one is holding their breadth :happy :happy :happy Accepted: **Notre Dame...
by timmy
Thu Mar 29, 2018 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Cosign college loan for sibling?
Replies: 87
Views: 4099

Re: Cosign college loan for sibling?

Don't do it. It's a bad idea to do as a favor. And you aren't obligated in any way, shape, or form.

And don't worry about offending anyway because this was not a reasonable ask of you.
by timmy
Wed Mar 28, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should we save for our son's college?
Replies: 96
Views: 8605

Re: Should we save for our son's college?

Since you're asking, yes you should save for your child's college education if you are making that kind of money. There are many ways to instill good principles without making son finance his own education. Now if you were making 35K, then I would say do the best you can but it's probably not reali...
by timmy
Wed Mar 28, 2018 10:01 am
Forum: Personal Consumer Issues
Topic: Checklist for Parents of Incoming Freshmen/To-Be Adult
Replies: 67
Views: 4260

Re: Checklist for Parents of Incoming Freshmen/To-Be Adult

Hello, I have a two part question. DD will turn 18 next month and will start college in Fall 2018. This is our first child going to college and we have attended college in a foreign country so don't have much experience. Can experienced parents give me some tips on 1. What are to-dos for parents of...
by timmy
Wed Mar 28, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

Yes. Definitely, I'll do that.
by timmy
Tue Mar 27, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

Good news or at least some hope. She was accepted into a trial program (right term???) at a nearby University Hospital. The trial has a 25% success rate.
by timmy
Tue Mar 27, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

Accepted:

**Notre Dame
**U of IL (engineering)
**Rose-Hulman
**Purdue (engineering)
**Vanderbilt

Waitlisted:

**U of Chicago

Rejected:

**Caltech
**MIT
**Harvey Mudd

Still waiting:

**Cornell
**Stanford
by timmy
Sat Mar 24, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

Taking one of the suggestions above, the extended family decided to fund a trip: Florida in April. The cousin (w/cancer) and her husband were very pleased. They are checking with her doctor before booking. Another family is going to go down too at the same time. They'll stay at a different hotel. T...
by timmy
Sat Mar 24, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

The vacation is booked. The ladies of the family have started organizing the things noted above: babysitting, food, etc. (To be clear, there was already stuff happening. The family is just being more organized and intentional now.) Don't worry, the men are helping too ... more being tasked and less ...
by timmy
Fri Mar 23, 2018 3:50 pm
Forum: Investing - Theory, News & General
Topic: I’m looking for a word...
Replies: 114
Views: 9683

Re: I’m looking for a word...

Supercalifragilisticexpialidocious
by timmy
Thu Mar 22, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: I’m looking for a word...
Replies: 114
Views: 9683

Re: I’m looking for a word...

The Joker :oops:
by timmy
Thu Mar 22, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: I’m looking for a word...
Replies: 114
Views: 9683

Re: I’m looking for a word...

In physics there is the Observer Effect, whereby the act of measuring something influences the result. There is something similar for human behavioural studies, called the Hawthorne Effect. The idea is that people change their behaviour when they know the are being monitored. There is also Reflexiv...
by timmy
Thu Mar 22, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

Taking one of the suggestions above, the extended family decided to fund a trip: Florida in April. The cousin (w/cancer) and her husband were very pleased. They are checking with her doctor before booking. Another family is going to go down too at the same time. They'll stay at a different hotel. Th...
by timmy
Wed Mar 21, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Picking College and College Scholarships
Replies: 624
Views: 68501

Re: Picking College and College Scholarships

Yes, I think that is good advice.
by timmy
Tue Mar 20, 2018 12:21 pm
Forum: Personal Consumer Issues
Topic: Kettlebell Swing experience?
Replies: 50
Views: 4467

Re: Kettlebell Swing experience?

Could you drop your frequency? That's a lot of training on one exercise.
by timmy
Tue Mar 20, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Kettlebell Swing experience?
Replies: 50
Views: 4467

Re: Kettlebell Swing experience?

My perfect posterior is proof that they work! :shock: :shock: :shock:

Yes, from my experience, it is a very effective tool and exercise. I'm not sure it is the only exercise you need but it is a good one.
by timmy
Tue Mar 20, 2018 5:49 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

Correct and better stated :happy
by timmy
Mon Mar 19, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

Hmm, have not had that experience as I never assumed that I could deduct a gift to another person in that manner. Not sure why others would either. The new standard deduction will eliminate tax benefits for most filers anyway. The idea of setting up a bank account at a local bank is sound. I have p...
by timmy
Mon Mar 19, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

My mom has a terminal illness and I think from how I have seen her friends and our family deal it, asking or trying to raise money right now is putting the cart well before the horse. What my mom wants right now are non-financial things. She is crossing off items on her bucket list, making sure she...
by timmy
Mon Mar 19, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

The mom and dad will have lost their daughter, and will be raising the kids for 40 to 60 hours per week, at least for the foreseeable future. That does give them more skin in the game and more say so. I respectfully disagree. Of course I am bringing my own experience into this, but even if grandpar...
by timmy
Mon Mar 19, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

The idea of setting up a bank account at a local bank is sound. I have participated in gifting many such funds, sometimes when I barely knew the person but knew the survivors needed help. Such an "account" can be (or become) a problem. Donors or contributors believe (or want) any funds to be tax de...
by timmy
Mon Mar 19, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

Great feedback today ... To the last point, in my email, I noted the risk (I'm a man, not a child ... I used a more crude term) of what you mentioned. And "work arounds" like you note (establish 529 if you want to fund college). The emotions will be interesting. The mom and dad will have lost their ...
by timmy
Sun Mar 18, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

And I'm glad your sister made it!
by timmy
Sun Mar 18, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Terminal illness with small kids
Replies: 64
Views: 11377

Re: Terminal illness with small kids

I think his point makes sense. And worth the caution. Again all, thanks for the feedback. I summarized everything (ideas, options, tools) in an email for the my mother in law. I bucketed three time periods: now, first 6 months after passing, and the long term. I tried to file the ideas, options, and...
by timmy
Sun Mar 18, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: How to pay for home addition?
Replies: 10
Views: 616

Re: How to pay for home addition?

We did an addition for ~100K in 2010. We were all cash. The problem ... We didn't plan enough slack. In some sense, the addition cost exactly 100K because we had that much cash. We did know the costs/ risk because we had firm bids for all the big stuff. We figured that we'd have to pick some lower e...