Search found 15 matches

by kerrigjl
Sat Apr 12, 2014 6:12 pm
Forum: US Chapters
Topic: NE Ohio (Cleveland Area) Master Thread
Replies: 191
Views: 60545

Re: NE Ohio (Cleveland Area) Master Thread

My wife and I are moving to the area in mid-May; we look forward to attending the next meeting after our emigration!
by kerrigjl
Sun Mar 16, 2014 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Renting vs. Buying a Home
Replies: 15
Views: 2264

Re: Renting vs. Buying a Home

I would lean towards renting. As a resident and fellow with a small child, you won't want to spend precious time doing house maintanance on a home you won't keep long-term. Renting a home still requires some work (lawn care is often your responsibility) but is a lot less headache than renting. Than...
by kerrigjl
Fri Mar 14, 2014 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Renting vs. Buying a Home
Replies: 15
Views: 2264

Re: Renting vs. Buying a Home

OP, first off, tell your wife to get rid of the whole life, and mimic you with term and disabilty. Beyond that, I would strongly reject the idea of buying a house. I am more aggressive in advocating ownership than the average post here, , but 5 years is too short of a time frame to recoup transacti...
by kerrigjl
Thu Mar 13, 2014 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Renting vs. Buying a Home
Replies: 15
Views: 2264

Re: Renting vs. Buying a Home

If your time frame is only 4-5 years and this seems like a coin flip for you, I vote for renting. You have enough other financial headwinds between huge school debt and expensive daycare costs that it doesn't seem worth the risks of homeownership for a short duration. The commissions on the sale in...
by kerrigjl
Thu Mar 13, 2014 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Renting vs. Buying a Home
Replies: 15
Views: 2264

Renting vs. Buying a Home

(Not sure if this is better off in Personal Finance; mods, please feel free to move it if so) Looking for some advice on renting versus purchasing a home. My wife and I are practically halfway through our medical training, and, this June, we'll be moving to a midwestern city to complete the next pha...
by kerrigjl
Thu Oct 17, 2013 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Which Med school?
Replies: 162
Views: 24064

Re: Which Med school?

Congratulations! She will have an excellent chance at having several great choices for medical school. You can go right down the list as far as applying since as other posters mentioned the number of slots is so limited and admissions very unpredictable. Why not Harvard, Columbia P&S, Cornell, or P...
by kerrigjl
Tue May 28, 2013 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Surrendering Whole Life Insurance, Investing the Proceeds
Replies: 16
Views: 1654

Re: Surrendering Whole Life Insurance, Investing the Proceed

Sorry for disappearing. Perhaps it would be best if I scanned in the last in force policy statement from which these numbers are based (censoring identifying information, of course) and posting it here to get help interpreting the policy?
by kerrigjl
Sun May 26, 2013 10:00 pm
Forum: Investing - Theory, News & General
Topic: Target retirement fund VS. Lazy Portfolios
Replies: 22
Views: 7010

Re:

Scott Burns has a lazy portfolio which includes energy stocks. If you're dealing with Fidelity or Vanguard, I would say theres no reason not to go with a Target dated fund. I'd check the prospectus on all the dates, to get an idea of what will change in it over the years. If it doesn't seem too agg...
by kerrigjl
Sat May 25, 2013 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Surrendering Whole Life Insurance, Investing the Proceeds
Replies: 16
Views: 1654

Re: Surrendering Whole Life Insurance, Investing the Proceed

The last projections that were provided said that the policy would be worth $525,520 (guaranteed $64,687) at 81 years old; at 59 years (current age + 30), the paid up life would be worth $179,003 projected ($38,820 guaranteed). Current projected dividends are $825 per year. According to the paperwo...
by kerrigjl
Sat May 25, 2013 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Surrendering Whole Life Insurance, Investing the Proceeds
Replies: 16
Views: 1654

Re: Surrendering Whole Life Insurance, Investing the Proceed

Thanks all for the replies. The term would likely be with Banner (where mine is), and my disability is with Guardian... I assume that when she's ready to purchase disability in 3-4 years, it'll likely be with them as well.
by kerrigjl
Sat May 25, 2013 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Surrendering Whole Life Insurance, Investing the Proceeds
Replies: 16
Views: 1654

Re: Surrendering Whole Life Insurance, Investing the Proceed

+1 ericinri. To further clarify, it sounds like it's not a paid up policy, but is current in payments: the $600 premium is being paid in a timely manner. Would that be correct? You should request an inforce illustration for the policy from the insurer/agent. Your taxable portion would be the surren...
by kerrigjl
Sat May 25, 2013 4:08 am
Forum: Personal Finance (Not Investing)
Topic: Surrendering Whole Life Insurance, Investing the Proceeds
Replies: 16
Views: 1654

Surrendering Whole Life Insurance, Investing the Proceeds

Hello all, Been lurking quite a while but hope to increase my participation in the forum over the next weeks/months/years; this site helped me remove the wool from my eyes, separate myself from financial "advisors," and begin investing on my own. My wife hasn't taken that step quite yet, though I le...
by kerrigjl
Fri May 24, 2013 9:42 am
Forum: Personal Consumer Issues
Topic: sunglasses
Replies: 109
Views: 22189

Re: sunglasses

On Monday, I upgraded from a pair of faux Ray Bans purchased for $5 on the beach in Puerto Vallarta in 2007 to Maui Jim Third Bay prescription sunglasses; without insurance, they were to cost over $600. I intended to spend far less, but after trying on seemingly every frame in the store, my wife dec...
by kerrigjl
Fri May 24, 2013 2:13 am
Forum: US Chapters
Topic: St. Louis Chapter 2012+
Replies: 29
Views: 5459

Re: St. Louis Chapter 2012+

Introducing myself here, as I'm a long time lurker living in St. Louis (at least for the next year or so). I would take the reigns and help to organize a more active group; however, I may be leaving town next July and would hate to leave things half done. I will know in early December where the next...
by kerrigjl
Fri May 24, 2013 2:09 am
Forum: Personal Consumer Issues
Topic: Cheap & Good Wrinkle-Free/Non-Iron Dress Shirts
Replies: 44
Views: 18516

Re: Cheap & Good Wrinkle-Free/Non-Iron Dress Shirts

Anyone purchase the Stafford Performance shirts recently? Reviews seem to indicate that the construction has changed and perhaps may not be of the quality they were previously.