Search found 78 matches

by Wenonah
Wed Nov 27, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: New job opportunity, tough decision
Replies: 54
Views: 3811

Re: New job opportunity, tough decision

Did you say what type of job? Are the workers healthy? smokers? educated? do any of them bike or do they go 4 wheeling and you won't be able to relate? The deal is, you are at a university-- you are hanging out with a bunch of educated people whose company values you as a professional, giving you ti...
by Wenonah
Mon Nov 18, 2019 6:07 pm
Forum: Personal Investments
Topic: Roth conversion calculator?
Replies: 7
Views: 776

Re: Roth conversion calculator?

Thank you for the resources. Also, is it crazy to use money from the IRA's we are converting to pay the taxes? Does it make much of a difference in the long run?
by Wenonah
Mon Nov 18, 2019 12:19 pm
Forum: Personal Investments
Topic: Roth conversion calculator?
Replies: 7
Views: 776

Roth conversion calculator?

I am looking for a calculator that can help us decide if we should do Roth conversions. Can anyone steer me in the right direction?
by Wenonah
Sun Nov 17, 2019 1:08 am
Forum: Personal Investments
Topic: Whats your favorite financial related site? (news, tips, anything!)
Replies: 23
Views: 2547

Re: Whats your favorite financial related site? (news, tips, anything!)

Clark Howard/clark.com
Mr. Money Mustache
Paula Pant
The Mad Fientist
Jill Schlesinger
by Wenonah
Thu Nov 14, 2019 11:40 am
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1591

Re: "Tax advantaged Annuity" advised for friend

Got it. Thank you.
by Wenonah
Tue Nov 12, 2019 3:56 pm
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1591

Re: "Tax advantaged Annuity" advised for friend

It is definitely an annuity. So if i were to advise her, i would point out 1. hidden fees 2. Her money will be tied up 3. The advisor may not be getting money FROM her, but it is probably advantageous for him to put her in it 4. If there are no new fees and she gets her fixed 2.8 and the surrender c...
by Wenonah
Tue Nov 12, 2019 1:20 pm
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1591

Re: "Tax advantaged Annuity" advised for friend

Notwhoyouthink...I will check on exactly what she is in. Thanks for that thought.
by Wenonah
Tue Nov 12, 2019 11:13 am
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1591

Re: "Tax advantaged Annuity" advised for friend

Good insights. Another thing she just told me is that annuities are safe from market fluctuations,so that must be a concern. I said earlier she was a conservative investor. And yes, to the comment about age and the college student. It's all good. College did not happen at 18; paths are different; pe...
by Wenonah
Tue Nov 12, 2019 1:17 am
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1591

Re: "Tax advantaged Annuity" advised for friend

She has 270,000 right now. Principal was 250,000 10 years ago and she has taken 50,000.00 out. I guess the surrender charges end in March of 2020. So at that point, wouldn't it make sense to put it in a money market since she plans to use it. Somehow the advisor is supposed to be helping her with he...
by Wenonah
Tue Nov 12, 2019 12:23 am
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1591

Re: "Tax advantaged Annuity" advised for friend

billfromct:
"Short term money (1-5 years) to build a house/pay for college should be put in a short term fixed income investment never into an annuity. Annuities should only be used for long term (40-50 year) retirement savings."

Basically just a money market or short term CDs??
by Wenonah
Tue Nov 12, 2019 12:16 am
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1591

Re: "Tax advantaged Annuity" advised for friend

Just got some more information: From her: "It is in an annuity. I am considering converting it to a tax advantaged annuity. The taxes I owe in the interest earned is spread over the lifetime of the annuity. Right now, every time I make a withdrawal I get taxed on everything until I am down to the $2...
by Wenonah
Mon Nov 11, 2019 10:56 pm
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1591

Re: "Tax advantaged Annuity" advised for friend

I need some savvy people to ask me questions for her, so she does the right thing with this money! Thanks!
by Wenonah
Mon Nov 11, 2019 10:39 pm
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1591

Re: "Tax advantaged Annuity" advised for friend

Yes, very near future....can't she just roll this over into an IRA and avoid fees? She already has a Roth with Schwab.
by Wenonah
Mon Nov 11, 2019 10:30 pm
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1591

Re: "Tax advantaged Annuity" advised for friend

Oh, and she is 65, but has very long life spans in her family and is in excellent health.
by Wenonah
Mon Nov 11, 2019 10:28 pm
Forum: Personal Investments
Topic: "Tax advantaged Annuity" advised for friend
Replies: 35
Views: 1591

"Tax advantaged Annuity" advised for friend

My friend gave me permission to have the Bogleheads ask questions and critique a possible move she may make. She has found a new advisor, and he is suggesting she put $270,000.00 into a "tax advantaged annuity." This is l/5 of her savings and she has a pension, social security, and rent from 2 house...
by Wenonah
Fri Nov 08, 2019 10:40 pm
Forum: Personal Consumer Issues
Topic: Weddings - The good? The bad?
Replies: 47
Views: 4368

Re: Weddings - The good? The bad?

We just went to a fun wedding that didn't cost much. The couple is super frugal and they got a venue for a reduced price because their uncle was a member of the yacht club. The best thing there was a photo booth. The photos were immediately printed and then we glued them into a page of an album and ...
by Wenonah
Fri Nov 08, 2019 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 99
Views: 8435

Re: Should I buy the family cottage?

BUY IT! We did not buy the family cabin in the northwest on 15 acres on a wild river because we were being cheapskates and worrying about upkeep, and we regret it now. Long story. We should have hired a caretaker. Absolutely buy it. You can rent it to friends or use as a VRBO, or whatever.....buy it!
by Wenonah
Thu Oct 31, 2019 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 127
Views: 11526

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

6 weeks is a very short time to be with a baby and then put them in day care. Consider longer or your wife could take a year off and then find a job that is part time. DON'T Make this mistake though: I taught for 4 years in a job share (teacher) and my partner and I both did a .5/half time job. We f...
by Wenonah
Tue Oct 15, 2019 10:17 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Maui?
Replies: 24
Views: 2041

Re: Where to stay in Maui?

I will be checking all of these places out. Thanks for your suggestions. Much appreciated.
by Wenonah
Tue Oct 15, 2019 6:40 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Maui?
Replies: 24
Views: 2041

Where to stay in Maui?

Any suggestions as to where to stay? We got a last minute deal and we are going the last week of October. What part of Maui have you stayed in and what did you like? I want to be near the ocean and probably stay somewhere with a kitchenette. Overwhelmed and looking to narrow it down! On a budget btw...
by Wenonah
Thu Oct 03, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Transamerica LTC
Replies: 1
Views: 167

Re: Transamerica LTC

Btw, my teachers retirement association is endorsing them.
by Wenonah
Thu Oct 03, 2019 11:51 am
Forum: Personal Consumer Issues
Topic: Transamerica LTC
Replies: 1
Views: 167

Transamerica LTC

Has anyone out there had any interactions with Transamerica and theitr LTC policies?? I was reading some reviews on consumer affairs and several people had a hard time getting service, but i also realize that people usually only write reviews when that sort of thing goes bad. Also, is there somewher...
by Wenonah
Sun Sep 29, 2019 3:55 pm
Forum: Personal Consumer Issues
Topic: Going to a wedding party
Replies: 48
Views: 4405

Re: Going to a wedding party

If you sent a gift from the registry, you are done. The last wedding I went to they said gifts are not necessary, but if you would like to contribute to our fund to asked for our new house, we would appreciate it. And another wedding this summer, we brought a gift from the registry and a card. In th...
by Wenonah
Mon Sep 16, 2019 5:29 pm
Forum: Personal Investments
Topic: Math is scary
Replies: 42
Views: 6967

Re: Math is scary

Not only will you have a paid off home, you won't be putting money away for retirement. If you need 100,000.00 now, you will need that less a mortgage payment and 20% or whatever you are contributing to your 40lk/Roth, etc.
by Wenonah
Wed Sep 04, 2019 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Priorities
Replies: 94
Views: 16931

Re: Priorities

"I have no family history of heart disease, but yeah, there must be something in my genes that made me susceptible to coronary artery disease since I have no other real explanation....being male for sure is one . I eat a lot of cheese and maybe a little more than my share of fresh bakery bread and p...
by Wenonah
Wed Aug 21, 2019 6:13 pm
Forum: Investing - Theory, News & General
Topic: Personal Advisor Services rocked today!
Replies: 20
Views: 4125

Personal Advisor Services rocked today!

There has been much discussion about the value of PAS here and I just wanted to let you know that we had a great meeting and found out about other services they provide. We found the meeting valuable and very comprehensive as are all of the charts and graphs that we can use to see the likelihood of ...
by Wenonah
Wed Aug 21, 2019 3:21 pm
Forum: Personal Consumer Issues
Topic: Idea for a basic drawing book for granddaughter...
Replies: 29
Views: 1773

Re: Idea for a basic drawing book for granddaughter...

Captain Mark's Draw Squad...age appropriate, fun, and mini lessons on different topics, for example shading, foreshortening, etc. Super fun.
by Wenonah
Tue Aug 20, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Pension or Hybrid LTC?
Replies: 7
Views: 386

Re: Pension or Hybrid LTC?

Besides the possible salesperson issue, why is it a horrible idea? I need your thoughts to help explain. Thank you.
by Wenonah
Tue Aug 20, 2019 2:12 pm
Forum: Personal Consumer Issues
Topic: Should college student major in environmental science?
Replies: 50
Views: 3303

Re: Should college student major in environmental science?

You people have exceeded my expectations. So many great stories, so much great advice. I will probably steer her to this thread. I appreciate all of the comments!!
by Wenonah
Tue Aug 20, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Pension or Hybrid LTC?
Replies: 7
Views: 386

Pension or Hybrid LTC?

My friend, who is also a teacher (we are also former teachers) has been having conversations with us about LTC insurance as we are all looking. He has recently found a broker who sells hybrid policies and it sounds like they will get one. He is not planning on leaving his wife any pension because th...
by Wenonah
Mon Aug 19, 2019 2:12 am
Forum: Personal Consumer Issues
Topic: How to read (and retain)?
Replies: 92
Views: 6006

Re: How to read (and retain)?

Great ideas.You definitely need to interact with the material--take notes, explain it out loud, etc. A great way to retain is to use sticky notes with a question from the section/paragraph you wish to retain. Then after you have a few questions, see if you can answer them. If not, then the answer is...
by Wenonah
Mon Aug 19, 2019 1:50 am
Forum: Personal Consumer Issues
Topic: RV purchase ?
Replies: 86
Views: 6259

Re: RV purchase ?

We just bought a tent trailer. My husband didn't want to upgrade from a tent at all--he doesn't care for creature comforts. BUT....so far we both like it and it cost 5,000.00 and I can store it in the garage. We don't have to have an expensive truck to tow it. My husband's brother and sister in law ...
by Wenonah
Sat Aug 17, 2019 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Go for new job (more pay but travel) or stay?
Replies: 65
Views: 4068

Re: Go for new job (more pay but travel) or stay?

I concur. You will never get the time back. Be ruthless about expenses. Most public schools are fine and the teachers are more dedicated than you know. The kids just have to go to school with all kinds of characters which makes their jobs harder, but your kids will grow up with a diverse education i...
by Wenonah
Thu Aug 08, 2019 11:33 am
Forum: Personal Consumer Issues
Topic: Should college student major in environmental science?
Replies: 50
Views: 3303

Re: Should college student major in environmental science?

Good thoughts all. Thanks. Also, she is single and self sufficient if that helps anyone's thoughts.
by Wenonah
Thu Aug 08, 2019 10:13 am
Forum: Personal Consumer Issues
Topic: Should college student major in environmental science?
Replies: 50
Views: 3303

Should college student major in environmental science?

I am trying to convince a 28 year old acquaintance who is a crazy good amateur birder/botanist and has volunteer jobs in such areas, that she should finish getting her 4 year degree. She has her AA (two year) degree and can transfer anywhere. She basically has a minimum wage job, but is wondering if...
by Wenonah
Mon Jul 22, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets returning to work after baby? Glad you did?
Replies: 9
Views: 941

Re: Any regrets returning to work after baby? Glad you did?

I am all about women doing what they want to do, but as a teacher, I have seen so much research about how much children develop from 0-3 years. I know there is research about simply talking to a child one on one, breastfeeding, touch, bonding, singing etc. I found a good article that you may want to...
by Wenonah
Tue Jul 16, 2019 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Invest in career change to Accounting for 37 yr old? Would it be foolish?
Replies: 145
Views: 8870

Re: Invest in career change to Accounting for 37 yr old? Would it be foolish?

Here are the majors at Ball State University: Bachelor's Degrees Majors indicated with * are available in our Degree in 3 program, which allows you to earn a bachelor’s degree in just the three years by attending classes over the summer. Learn more. (They also have a personality test to help decide ...
by Wenonah
Sat Jun 08, 2019 11:06 pm
Forum: Personal Consumer Issues
Topic: Car Top Carrier
Replies: 18
Views: 1476

Re: Car Top Carrier

We got a Thule for the top of our Subaru Forester. It's easy to attach and the best part is that we smartly got one that opens on both sides.
by Wenonah
Tue May 28, 2019 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Teaching jobs
Replies: 79
Views: 5096

Re: Teaching jobs

Lots of great thoughts here--I just retired and have been on many interview teams and love getting people jobs. 1. Does she know what all of her recommendation letters say? Some colleges tell students they need "closed" files so the candidate can't look at them, but no administrator cares about that...
by Wenonah
Tue May 07, 2019 3:40 pm
Forum: Personal Consumer Issues
Topic: College/life prep for young kids
Replies: 79
Views: 6926

Re: College/life prep for young kids

So much great advice. Something I have mentioned before, is that there is no reason to discourage kids from attending a community college. The freshman and sophomore years in a dorm tend to be very unhealthy in many ways. If you can get them through the first two years without too much damage, then ...
by Wenonah
Sun Apr 28, 2019 10:59 pm
Forum: Personal Consumer Issues
Topic: What Are Your Simple Pleasures?
Replies: 145
Views: 13376

Re: What Are Your Simple Pleasures?

Walking several miles at a time, tap dancing, listening to Clark Howard podcasts, exploring bookstores, birdwatching.
by Wenonah
Sat Apr 27, 2019 10:36 pm
Forum: Personal Consumer Issues
Topic: Is 2 weeks in Amsterdam a bit much?
Replies: 45
Views: 3746

Re: Is 2 weeks in Amsterdam a bit much?

Don't forget to figure out the system and spend a couple days riding a bike to different museums, restaurants like the locals. . It's a kick. You will be amazed! Check out all the bikes at Central Station. We did it last year and we are 59 and 61. A little stressful at first, but doable and an exper...
by Wenonah
Sat Apr 27, 2019 10:23 pm
Forum: Personal Consumer Issues
Topic: Minivan alternatives?
Replies: 48
Views: 3687

Re: Minivan alternatives?

https://www.iihs.org/iihs/ratings Go to the Insurance institute for highway safety. Link above. I am the car buyer in the house and usually buy according to safety and gas mileage. With all those kids, safety should come first. Toyota Highlander and Honda Odyssey are great, but likely you will find ...
by Wenonah
Sat Apr 27, 2019 9:48 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2018!
Replies: 382
Views: 69991

Re: Roll Call for the Retirement Class of 2018!

I retired in September, 2018, so this is my first year NOT going to school as a teacher in 30 some years. I have been planning for retirement since I was 25, but between having kids and moving states, I only have 20 in my current state, but I knew I could get a COLA at 20 years, so that has been the...
by Wenonah
Tue Apr 23, 2019 9:27 pm
Forum: Personal Consumer Issues
Topic: Nonfinancial value of state university vs private college (USC)?
Replies: 64
Views: 3466

Re: Nonfinancial value of state university vs private college (USC)?

Honestly, my son would have done better at a community college and we would have saved thousands. I don't think it even matters that your son goes to a four year school, especially if he is shy. The whole party scene and "college life" is pretty unhealthy-for so many reasons. (Former teacher here wi...
by Wenonah
Sun Mar 31, 2019 12:42 am
Forum: Personal Consumer Issues
Topic: Are 2004 Ford Rangers Reliable?
Replies: 20
Views: 1507

Re: Are 2004 Ford Rangers Reliable?

We have had a 2005 Ford Ranger and it still runs great! About 130,000 miles.
by Wenonah
Fri Feb 15, 2019 7:40 pm
Forum: Personal Consumer Issues
Topic: Where to stay for 3 nights in Phoenix
Replies: 6
Views: 772

Where to stay for 3 nights in Phoenix

In about a week we are staying in Phoenix for two nights as we go to a Cactus League Baseball Game and explore the area. Then we are off to Tuscon, but I am wondering if there is an area you would recommend that my husband and I stay. I would love to walk out the door of the hotel and not be far fro...
by Wenonah
Sun Feb 10, 2019 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should we get the Mutual of Omaha LTC Policy?
Replies: 12
Views: 1183

Re: Should we get the Mutual of Omaha LTC Policy?

He: 61/Her: 59 Policy Limit: 125,000 Cash Benefits (40% of HHC) 1600 per month Reimbursement Benefits: Nursing Home --Up to 4000 per month Assisted Living---Up to 4000 per month Home Health Care--Up to 4000 per month Elimination period: 30 days Benefit Duration: 2.6 years each (partner qualified; sh...
by Wenonah
Fri Feb 08, 2019 7:31 pm
Forum: Personal Investments
Topic: How to Begin with 1M
Replies: 150
Views: 23516

Re: How to Begin with 1M

As someone who also asks a lot of questions before they make any moves, I, too, recognize paralysis by analysis. Call Vanguard Financial Advisory Services and get an appointment with an advisor and they will help you and ask you questions, but guide you. We went to a fee only financial advisor in ou...
by Wenonah
Thu Feb 07, 2019 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should we get the Mutual of Omaha LTC Policy?
Replies: 12
Views: 1183

Re: Should we get the Mutual of Omaha LTC Policy?

Is the price reasonable for what we are getting? I know I need to do more research. We dont think we need the Cadillac version as we should still have assets and pensions.