Search found 55 matches

by 3CheersforLkyJack
Mon Nov 25, 2019 12:27 pm
Forum: Personal Consumer Issues
Topic: Bench press and weights
Replies: 59
Views: 4029

Re: Bench press and weights

Last year the below set was $150 at Dicks on Black Friday. You will be lucky to find a used set on CL or FB for that price.

https://www.dickssportinggoods.com/p/fi ... bstwth7brb
by 3CheersforLkyJack
Sun Nov 10, 2019 10:14 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 15979

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

This is a topic I think a lot about. We are in our mid thirties with two children. One has special needs. He is young so how much extra help he will need isn't completely clear, but our guess is he will need some ongoing assistance. So we're saving for two retirements. We save as much as we can in a...
by 3CheersforLkyJack
Mon Apr 15, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed thinking through issues re: child’s disability
Replies: 22
Views: 2073

Re: Help needed thinking through issues re: child’s disability

You may want to double check the treatment of traditional 529 plans when it comes to assets counted towards medicaid. It is my understanding that these assets do not count since the child is the beneficiary, not the owner. Also, as you state the first 100k in an Able 529 do not count against Medica...
by 3CheersforLkyJack
Thu Dec 20, 2018 4:59 pm
Forum: Personal Investments
Topic: Is this a wash sale?
Replies: 3
Views: 203

Re: Is this a wash sale?

No, you cannot do what you wrote and avoid a wash sale unless ... ... You do one exchange, then wait 31 days with no other transactions (no contributions, no reinvesting distributions) and do the other exchange. Could I exchange one to say a target date 2040 and another to a target date 2055 and av...
by 3CheersforLkyJack
Thu Dec 20, 2018 4:34 pm
Forum: Personal Investments
Topic: Is this a wash sale?
Replies: 3
Views: 203

Is this a wash sale?

Say I have two funds in the same taxable account: Vanguard Life Strategy Moderate Growth (60% stock / 40% bond) Vanguard Life Strategy Growth (80% stock / 20% bond) I use the funds to save for two different goals. Can I exchange my amount in Moderate Growth for Growth and my amount in Growth for Mod...
by 3CheersforLkyJack
Fri Oct 19, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: special needs family member approved for Medicaid coverage, need advice
Replies: 11
Views: 786

Re: special needs family member approved for Medicaid coverage, need advice

Your question is very timely as our son was very recently approved for Medicaid. Our coverage date was retroactive back a few months so we are in the process of having bills we already paid resubmitted so they run through Medicaid. Once those doctors/pharmacists are paid by Medicaid, they refund us ...
by 3CheersforLkyJack
Tue Oct 02, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Short/Long Term Planning for Young Child with Special Needs
Replies: 7
Views: 850

Re: Short/Long Term Planning for Young Child with Special Needs

Should I change my 20 year term to 30 year term? Would cost us about $500 more per year.
by 3CheersforLkyJack
Fri Sep 28, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Short/Long Term Planning for Young Child with Special Needs
Replies: 7
Views: 850

Re: Short/Long Term Planning for Young Child with Special Needs

Curious what the best method is to make sure a special needs trust is adequately funded, if needed. Have heard of 2nd to die whole life policies, but not sure how expensive they are. If a $500k-$1m policy costs $15k a year or something (I have no idea of cost) I'm wondering if it is better to just s...
by 3CheersforLkyJack
Thu Sep 27, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Short/Long Term Planning for Young Child with Special Needs
Replies: 7
Views: 850

Re: Short/Long Term Planning for Young Child with Special Needs

That supplemental language is necessary so that he isn't disqualified from government benefits, correct? He currently qualifies for Medicaid.

Our attorney said updating our current wills to include special needs trust would run around $1k. Seemed reasonable.

Thank you.
by 3CheersforLkyJack
Thu Sep 27, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Short/Long Term Planning for Young Child with Special Needs
Replies: 7
Views: 850

Short/Long Term Planning for Young Child with Special Needs

DW and I have two children. Due to developmental delays, a specialist developmental doctor believes our youngest son, age 2, to have some degree of intellectual disability. As he is so young, the degree is unknown. It could be autism, it might not be. He is perfectly healthy otherwise. It is possibl...
by 3CheersforLkyJack
Sat Jul 28, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: Road trip Des Moines to Omaha to Kansas City
Replies: 39
Views: 2744

Re: Road trip Des Moines to Omaha to Kansas City

Aug 10th at the Iowa State Fair is cowboy mounted shooting competition where competitors dress like cowboys and cowgirls and ride horses through a course shooting balloons real pistols. The bullets they use shoot out walnut shells so no damger to the crowd. Very unique and fun to watch. So much more...
by 3CheersforLkyJack
Wed Jul 25, 2018 12:28 pm
Forum: Personal Investments
Topic: Fixed Rate Account for Bond Allocation in 403b
Replies: 4
Views: 263

Re: Fixed Rate Account for Bond Allocation in 403b

We keep 100% of our bond allocation in the Traditional 403b. 100% of our international is in the Roth. Our domestic stock is mixed between Roth and Traditional 401k/403b.
by 3CheersforLkyJack
Wed Jul 25, 2018 10:53 am
Forum: Personal Investments
Topic: Fixed Rate Account for Bond Allocation in 403b
Replies: 4
Views: 263

Fixed Rate Account for Bond Allocation in 403b

We use a three fund portfolio across our 401k, 403b, and IRAs. My wife is a state employee with a traditional 403b. Within the 403b, for our bond allocation we currently use Vanguard Total Bond Index (VBTLX) with fees of 0.07% mgmt fee + 0.20% admin fee = 0.27% total fees. Also within the 403b there...
by 3CheersforLkyJack
Thu Apr 12, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: Mini Air Compressor
Replies: 22
Views: 2116

Re: Mini Air Compressor

The Home Depot in our area will honor 20% off coupons from Harbor Freight. I've done this multiple times - Ridgid table saw, chainsaw, palm sander, mower, Ridgid 6gal pancake compressor. All in I've saved probably close to $400-$500 doing this.
by 3CheersforLkyJack
Mon Apr 24, 2017 8:03 pm
Forum: Personal Investments
Topic: Grandparent's Variable Annuity and Edward Jones
Replies: 9
Views: 2410

Re: Grandparent's Variable Annuity and Edward Jones

OP here with an update: Spoke with my grandparent's tonight and went over the M&E charge, management fees, surrender charges, etc. associated with a variable annuity. They decided that it was not something that they wanted to add money to. They were already suspicious of the salesman that was tellin...
by 3CheersforLkyJack
Thu Apr 20, 2017 9:25 pm
Forum: Personal Investments
Topic: Grandparent's Variable Annuity and Edward Jones
Replies: 9
Views: 2410

Grandparent's Variable Annuity and Edward Jones

My grandparents who are in their eighties informed me that they would be receiving their annual rent check from their farm and asked if I knew of any good investments. My grandma mentioned that they had an account that they funded awhile ago that payed around 3.5%. Their "guy" told them they could a...
by 3CheersforLkyJack
Thu Mar 16, 2017 3:05 pm
Forum: Investing - Theory, News & General
Topic: PurePoint 1.25% online savings $10K min
Replies: 72
Views: 15930

Re: PurePoint 1.25% online savings $10K min

If you're willing to move things around, Capital One's current promotional offer may be better than that. There may be plenty of others and don't guarantee this is best in breed; I just know about this because I got it in the mail. Balances above $10k in general get 1% on the money market account b...
by 3CheersforLkyJack
Wed Oct 26, 2016 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Reasonable to use Vacation/Disability for "Emergency Fund" ?
Replies: 9
Views: 1369

Re: Reasonable to use Vacation/Disability for "Emergency Fund" ?

I knew some people who considered their PTO bank a potential emergency fund in case of layoff, etc. Recently, their company ended the PTO policy and went instead to a use what you need policy. No more PTO bank and no payout of any PTO that employees had in their bank. In essence, they just lost that...
by 3CheersforLkyJack
Wed Sep 07, 2016 10:50 am
Forum: Personal Consumer Issues
Topic: New 2016 Honda Odyssey EX or Used 2016 Kia Sedona
Replies: 6
Views: 1043

Re: New 2016 Honda Odyssey EX or Used 2016 Kia Sedona

eog wrote:I think Odyssey is due for a refresh in 2017 if you are willing to wait.
We were thinking that by getting a 2016 instead of a 2017 we would save money. We are fine with the 2016 options.
by 3CheersforLkyJack
Wed Sep 07, 2016 9:17 am
Forum: Personal Consumer Issues
Topic: New 2016 Honda Odyssey EX or Used 2016 Kia Sedona
Replies: 6
Views: 1043

Re: New 2016 Honda Odyssey EX or Used 2016 Kia Sedona

Our cars are getting up there in age, and with two kids under two yrs old (no plans for a third) we are thinking of upgrading to a minivan. Right now we have it at either a new 2016 Honda Odyssey EX or a used 2016 Kia Sedona. We've test driven both and like almost everything about the Honda a bit m...
by 3CheersforLkyJack
Wed Sep 07, 2016 7:58 am
Forum: Personal Consumer Issues
Topic: New 2016 Honda Odyssey EX or Used 2016 Kia Sedona
Replies: 6
Views: 1043

New 2016 Honda Odyssey EX or Used 2016 Kia Sedona

Our cars are getting up there in age, and with two kids under two yrs old (no plans for a third) we are thinking of upgrading to a minivan. Right now we have it at either a new 2016 Honda Odyssey EX or a used 2016 Kia Sedona. We've test driven both and like almost everything about the Honda a bit mo...
by 3CheersforLkyJack
Fri May 06, 2016 12:27 pm
Forum: Personal Investments
Topic: 26 y/o with ~$175,000 inheritence
Replies: 40
Views: 8430

Re: 26 y/o with ~$175,000 inheritence

Sorry for the loss of your loved one. I read a thread on this site where someone received a very small inheritance of <$100 and bought a silverware set with it. Each time they used it, they said it made them think of their loved one and brought back fond memories. After reading that, I decided that ...
by 3CheersforLkyJack
Tue Jan 26, 2016 1:42 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 19115

Re: What is your favorite Financial Quote or Metaphor??

Joseph Keller's quote on page one of Bogle's book "Enough".

"Yes, but I have something he will never have...enough."
by 3CheersforLkyJack
Thu Jul 30, 2015 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Newborn Health Insurance Questions
Replies: 21
Views: 11773

Re: Newborn Health Insurance Questions

We had a baby this year. My wife and I are on different insurance plans. I have the baby covered under my high deductible plan. All costs associated with the mother and baby were billed separate by the hospital (names of patients noted on bills). Even though we told the hospital that the child would...
by 3CheersforLkyJack
Fri Jul 17, 2015 1:49 pm
Forum: Personal Consumer Issues
Topic: Baby on the way...yay! Big ticket items, and what do you REALLY need?
Replies: 90
Views: 10276

Re: Baby on the way...yay! Big ticket items, and what do you REALLY need?

We are the same age as you with a five month old in a <1000 sq ft two bedroom home. Clothes - Don't buy anything for their first few weeks. You will receive these as gifts that due to how quickly they grow, they may only wear once. The biggest way to save on clothing is garage sales. My wife buys on...
by 3CheersforLkyJack
Thu Jun 25, 2015 2:57 pm
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 221
Views: 51096

Re: What was the 2008 crash like in real time?

I was a recent college graduate just starting my career in late 2007. I discovered Vanguard while reading Mutual Funds for Dummies on a plane ride to Detroit for an out of town work assignment on an American auto manufacturer that was doing poorly. I made my first Vanguard deposit in December of tha...
by 3CheersforLkyJack
Thu Jun 18, 2015 12:11 pm
Forum: Personal Consumer Issues
Topic: Wedding Reception
Replies: 68
Views: 11910

Re: Wedding Receiption

Similar age as OP's question, got married two years ago in the Midwest. We provided unlimited free beer, wine, and soda. Champagne was also provided by the venue for the toast for all in attendance. If guests wanted to buy liquor at the bar, that was up to them. This is very common in our area.
by 3CheersforLkyJack
Thu Jun 11, 2015 12:21 pm
Forum: Personal Investments
Topic: For those of you with pensions...
Replies: 26
Views: 6438

Re: For those of you with pensions...

I'm 31 and wife 30. She's a teacher with a defined benefit pension. My private sector employer provides a cash value pension plan. We both save in our 403b/401k outside of those plans in addition to one RothIRA. We've been able to max all three for the past two years but don't anticipate maxing her ...
by 3CheersforLkyJack
Fri Feb 13, 2015 11:24 am
Forum: Personal Investments
Topic: UTMA & Income/Asset Levels That Don't Receive College Aid?
Replies: 4
Views: 620

UTMA & Income/Asset Levels That Don't Receive College Aid?

We have a newborn and I'm thinking of opening an UTMA for gifts of cash from the grandparents. I'm estimating these gifts will amount to around $1,000 or more per year. I've read that an UTMA will negatively impact aid received for college. However, I'm not able to find out who qualifies for aid bas...
by 3CheersforLkyJack
Tue Sep 09, 2014 12:37 pm
Forum: Personal Consumer Issues
Topic: What's the worst "too-good-to-be-true" to happen to you?
Replies: 23
Views: 3857

Re: What's the worst "too-good-to-be-true" to happen to you?

Not a terribly costly too-good-to-be-true, but a good lesson for sure: In college I purchased an mp3 player from a nationwide retailer for something like $200. The salesman suggested I purchase the warranty plan for around $100 so that when the battery died in a year I could get a replacement for fr...
by 3CheersforLkyJack
Thu Sep 04, 2014 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody use GE Capital Bank?
Replies: 16
Views: 4366

Re: Anybody use GE Capital Bank?

I can't comment on the mobile app, but I've had both CDs and an online savings account with them for over a year. No complaints thus far.
by 3CheersforLkyJack
Fri Jun 13, 2014 1:01 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring - Diamond Help
Replies: 61
Views: 8210

Re: Engagement Ring - Diamond Help

Bought an engagement and wedding rings about 2 years ago. I had the jeweler tell me the maker and item number of the setting for the stone. I then found out all the dealers for that maker and called the local ones. I was able to receive a significant discount after telling each that I only needed th...
by 3CheersforLkyJack
Fri Apr 04, 2014 3:09 pm
Forum: Personal Consumer Issues
Topic: Buying for someone who "has everything"
Replies: 43
Views: 4069

Re: Buying for someone who "has everything"

Agree that experiences make great gifts. Mother's Day a few years ago - Took my parents and brother to a nice seafood restaurant in town. Seafood is my mom's favorite. Brought along a bottle of wine from a winery we visited on a family vacation a few years prior. She still talks about it. Father's D...
by 3CheersforLkyJack
Thu Mar 27, 2014 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Buy Term Life Now or Wait
Replies: 17
Views: 3957

Re: Buy Term Life Now or Wait

I already have LT disability provided by my employer for 60% of earnings.
by 3CheersforLkyJack
Wed Mar 26, 2014 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Buy Term Life Now or Wait
Replies: 17
Views: 3957

Buy Term Life Now or Wait

I'm 29 (turning 30 in April) and my wife is 28. We both work, have no children, have no debt, and are renters. We plan to start a family in the next year or two with a home purchase to follow. We currently have an emergency fund that will cover 1+ years of expenses. Should we get term life policies ...
by 3CheersforLkyJack
Thu Dec 05, 2013 1:54 pm
Forum: Personal Consumer Issues
Topic: iPods and Radio?
Replies: 10
Views: 1374

Re: iPods and Radio?

Check out Amazon. There are a few portable AM/FM radios:

http://www.amazon.com/Sangean-DT-120-St ... able+radio
by 3CheersforLkyJack
Fri Oct 11, 2013 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: cost basis -- when redeeming all shares
Replies: 8
Views: 1441

Re: cost basis -- when redeeming all shares

If you only had one initial contribution at purchase date, can't you just take in dollars your initial contribution, dividends reinvested, and capital gains reinvested, then subtract from the sales price to get the capital gain total to pay taxes on? Assuming this was held over a year, it would all ...
by 3CheersforLkyJack
Tue Aug 13, 2013 12:16 pm
Forum: Personal Investments
Topic: Roth 401(k) to Roth IRA Question
Replies: 3
Views: 574

Re: Roth 401(k) to Roth IRA Question

I had the same situation, some Roth and some regular 401k at a previous employer. When I left, I rolled the Roth 401k portion directly into my existing Roth IRA. I also chose to convert the traditional 401k to the Roth IRA, but I believe it could have gone to Vanguard as Traditional IRA if I wanted....
by 3CheersforLkyJack
Tue Aug 13, 2013 8:38 am
Forum: Investing - Theory, News & General
Topic: Why Do So Many Talking Heads Recommend Roth 401k?
Replies: 23
Views: 3003

Why Do So Many Talking Heads Recommend Roth 401k?

I listen to a few financial talking heads and many such as Clark Howard and Dave Ramsey really push people to the Roth 401k option. Why is this? It doesn't seem like they try to analyze a person's tax rate now versus in retirement to make the decision, but instead use the assumption that rates will ...
by 3CheersforLkyJack
Mon Aug 12, 2013 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best On Line Bank?
Replies: 31
Views: 6209

Re: Best On Line Bank?

I just opened an account with GE Capital Bank. Online savings is .9% and 1 yr CDs are at 1.05%. I haven't heard a lot of people on here mention them though. Their website shows that they are FDIC insured. Do Bogleheads believe that they are a good option?
by 3CheersforLkyJack
Tue Aug 06, 2013 12:53 pm
Forum: Personal Investments
Topic: At what age you guys started investing ?
Replies: 61
Views: 5637

Re: At what age you guys started investing ?

I started iwith two investments in high school at 16 with my summer job earnings 1 - Roth IRA - Stock mutual fund 2 - Individual Stock - $300, company was supposed to be the next big thing in telecom industry, now worth $0.19. Whenever you start, keep it simple and don't try to pick the next big thi...
by 3CheersforLkyJack
Tue Aug 06, 2013 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Between Accounting and Engineering, better career?
Replies: 67
Views: 23275

Re: Between Accounting and Engineering, better career?

I highly recommend accounting/auditing if someone is able to ultimately get a job as an auditor with one of the Big 4 firms. The amount of training/learning you get working as an auditor for 5-6 years is hard to beat. The math of accounting/auditing is not overly complex but there is quite a bit of...
by 3CheersforLkyJack
Wed Jul 17, 2013 3:43 pm
Forum: Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 4080

Re: Roth 401k vs Regular 401k when you have a pension

3Cheers, What I don't understand is what your tax rate has to do with whether you open the Roth or not, unless you plan to do it with a tax refund. If you have money at the end of the year, you have already paid taxes on it, so unless you are considering opening a traditional IRA where you could ge...
by 3CheersforLkyJack
Wed Jul 17, 2013 12:45 pm
Forum: Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 4080

Re: Roth 401k vs Regular 401k when you have a pension

If the Roth money is taxed above the 15% federal tax bracket that is a bit more aggressive than I would suggest but that is OK as long you understand it is aggressive at your age and you want plan that way. The top of the 15% tax bracket for married filing jointly is about $72K so with your deducti...
by 3CheersforLkyJack
Wed Jul 17, 2013 7:52 am
Forum: Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 4080

Re: Roth 401k vs Regular 401k when you have a pension

If the Roth money is taxed above the 15% federal tax bracket that is a bit more aggressive than I would suggest but that is OK as long you understand it is aggressive at your age and you want plan that way. The top of the 15% tax bracket for married filing jointly is about $72K so with your deducti...
by 3CheersforLkyJack
Tue Jul 16, 2013 12:38 pm
Forum: Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 4080

Re: Roth 401k vs Regular 401k when you have a pension

After reading everything and more research, I'm thinking about the following action. 1. Change his future 401k contributions to traditional and continue to contribute 8% to get max employer 6% match. 2. Continue his maxing of Roth IRA. 3. Take all remaining retirement savings and put in her 403b as ...
by 3CheersforLkyJack
Mon Jul 15, 2013 9:35 pm
Forum: Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 4080

Re: Roth 401k vs Regular 401k when you have a pension

I think you meant to put to use a deductible instead of a Roth? The way I phrased it was not very clear. I would use the deductible accounts until I got my income down to the 15% tax bracket. Should we continue to max both Roth IRAs and then do traditional 401k/403b? Or do we switch the IRA contrib...
by 3CheersforLkyJack
Mon Jul 15, 2013 6:50 am
Forum: Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 4080

Re: Roth 401k vs Regular 401k when you have a pension

Tax Rate: 25% Federal, 8.98% State ......Age: His – 29, Hers - 27 You are in a combined tax bracket of almost 34% so there is no way that I would even think twice about using a Roth instead of a deductible retirement account, at least until you got down to the 15% federal tax bracket. , I think you...
by 3CheersforLkyJack
Sun Jul 14, 2013 9:49 pm
Forum: Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 4080

Re: Roth 401k vs Regular 401k when you have a pension

My income number was combined so you are correct that it would take quite a bit of time to hit the 28% bracket. I think we will max the Roth IRAs, change the 401k contributions to be regular just enough to get the full employer match, then save the remainder in the 403b utilizing a 3 fund approach.
by 3CheersforLkyJack
Fri Jul 12, 2013 7:43 am
Forum: Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 4080

Re: Help with Retirement/Savings Planning - Young Profession

Our main concern is question 1 about the Roth 401k vs Regular 401k.