Search found 182 matches

by Sophia1884
Tue Oct 29, 2019 2:09 pm
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4790

Re: Do You Pay For Financial Advice?

Someone whose main skill is sales and client retention won't be able to help you with your college/Roth/Tax questions, for .30, .40, or 1.75% Not the right skill set. So don't pay anyone to manage your investments if you can do it yourself. A one time hourly-fee advisor, who does not propose to man...
by Sophia1884
Mon Oct 28, 2019 2:28 pm
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4790

Re: Do You Pay For Financial Advice?

Someone whose main skill is sales and client retention won't be able to help you with your college/Roth/Tax questions, for .30, .40, or 1.75% Not the right skill set. So don't pay anyone to manage your investments if you can do it yourself. A one time hourly-fee advisor, who does not propose to man...
by Sophia1884
Wed Oct 02, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Military Spouse, Full Time Looking to transfer to mobile Part Time
Replies: 0
Views: 324

Military Spouse, Full Time Looking to transfer to mobile Part Time

Hello! BLUF: I would appreciate hearing from people that have part time OR flexible full time jobs that are mobile. I have had a lot of success getting ideas and guidance from this board on finances and am now looking for some guidance/advice/experience/suggestions/crystal ball readings on looking f...
by Sophia1884
Thu Sep 19, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 11969

Re: How do you spend money to gain time? (young family)

Similar ideas/examples could be gleaned from learning about life as a prisoner or POW. Yes, but does your adult child have this pinned on their twitter account: my dad is f***ing awesome. hope he sees this tweet. Is that evidence of the Stockholm Syndrome? So...more examples then livesoft? Looking ...
by Sophia1884
Thu Sep 19, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 11969

Re: How do you spend money to gain time? (young family)

Doesn't really matter what it sounds like if the means to the end are effective. Personally, I'd love to hear more similar ideas/examples! If I'm not mistaken, this poster has previously said their children had no furniture whatsoever in their rooms. They slept on the floor, what few clothes they h...
by Sophia1884
Thu Sep 19, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 11969

Re: How do you spend money to gain time? (young family)

Here is an earlier thread: https://www.bogleheads.org/forum/viewtopic.php?t=213662 and there are many more. I have tons of time because I don't worry what other people think about my clothes, my car, my yard, my house, my kids. I didn't even have to spend any money on not worrying. Example: Toddler...
by Sophia1884
Thu Sep 19, 2019 10:37 am
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 11969

Re: How do you spend money to gain time? (young family)

Instead of paying to have people clean, cook, etc.. it may be more cost effective to hire a mother's helper. A tween or young teen from the local area that will come over to keep an eye on the kids and play with them while your wife is able to get the cooking and cleaning done. Lots of younger teen...
by Sophia1884
Thu Sep 19, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: How do you spend money to gain time? (young family)
Replies: 155
Views: 11969

Re: How do you spend money to gain time? (young family)

We have a lady that Cooks for us. Pretty reasonably priced. How did you organize this? Getting everyone fed healthily is our Achilles heel. I can live on apples and protein shakes but can't really feed kids that...yet. We used to do Blue Apron but even that got overwhelming when #2 arrived. Between...
by Sophia1884
Thu Sep 12, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Military folks: choosing state for residence
Replies: 9
Views: 1233

Re: Military folks: choosing state for residence

Great question. Your home of record (HoR) is where the military picked you up. You get one HoR move in your career- if you don't use it when you join, you can use it at any later time. If you separate before completing your contract, HOR is where you'll be sent back to. If you are retiring, you can ...
by Sophia1884
Tue Sep 03, 2019 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: I'm looking for your help figuring out how to help my Mom
Replies: 29
Views: 3049

Re: I'm looking for your help figuring out how to help my Mom

OP,

It's hard wanting to help but also being aware of your limitations. When it comes to family, I believe that any money offered should be viewed as a gift...if it gets paid back, great! Two ideas stood out above-what if you were to buy a condo and then have your mom share with a roommate?
by Sophia1884
Wed Aug 21, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason NOT to drop SGLI?
Replies: 17
Views: 1854

Re: Any reason NOT to drop SGLI?

It seems to me, and the reason for the original post, is that getting a policy outside of SGLI is the best logical option based on coverage and pricing. I'm asking the question in case anyone knows something about SGLI that I'm not finding, because financially, it seems to be very clear cut in favo...
by Sophia1884
Wed Aug 21, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Any reason NOT to drop SGLI?
Replies: 17
Views: 1854

Re: Any reason NOT to drop SGLI?

I’m retired Navy, and I spent a large portion of my 23 years active duty working in pay & personnel matters, such as SGLI. I fully agree that VGLI (post military career insurance) is not competitive with other insurers. SGLI, on the other hand, remains the best option for your military service. And...
by Sophia1884
Wed Aug 21, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Any reason NOT to drop SGLI?
Replies: 17
Views: 1854

Re: Any reason NOT to drop SGLI?

I’ve been on the Casualty Assistance side of the equation. Consider that SGLI (Prudential) pays your designated beneficiaries within a matter of days no matter the cause of death. I would consider that well worth the money. Personally, after service I would just do a long duration Term policy since...
by Sophia1884
Thu Aug 15, 2019 2:04 pm
Forum: Personal Consumer Issues
Topic: Brown Bag Lunch Ideas
Replies: 70
Views: 5097

Re: Brown Bag Lunch Ideas

Salad hunger is a real thing if not balanced out with adding some other things of substance. I add protein (homemade hamburger patty, or chicken (rotisserie with no skin), and maybe a carb of some type (slice or 1/2 of fav bread with PB/Almond butter + dab of honey) and fruit. Costco has really tast...
by Sophia1884
Mon Aug 12, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason NOT to drop SGLI?
Replies: 17
Views: 1854

Re: Should we drop SGLI in favor of private life insurance?

I would check out term4sale.com. This will give you an idea of rates, which will likely be better than SGLI by a mile. Plenty of other companies offer war zone coverage, so don’t limit yourself. As far as VGLI, that’s a definite no. You can have several pre existing conditions while beating that ra...
by Sophia1884
Mon Aug 12, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Any reason NOT to drop SGLI?
Replies: 17
Views: 1854

Any reason NOT to drop SGLI?

Currently, the military offers service members group life insurance. We are currently paying $29/mt for $400K coverage (max available). Once the member retires, they have to switch over to a different gov. insurance which increases payments regularly and is more expensive than the private companies....
by Sophia1884
Mon Aug 12, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: How does taxable, savings and retirement calculate into life insurance planning?
Replies: 16
Views: 1270

Re: How does taxable, savings and retirement calculate into life insurance planning?

As or more important than life insurance is long term disability insurance Thank you for the reminder, that's up next. The best tool that I have found for estimating how much life insurance, and which is not just a sales tool, is Esplanner from esplanner.com. It takes into account all the variables...
by Sophia1884
Mon Aug 12, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: How does taxable, savings and retirement calculate into life insurance planning?
Replies: 16
Views: 1270

Re: How does taxable, savings and retirement calculate into life insurance planning?

Thank you so much for all the comments, I'll read through them and implement accordingly. It's great to get advice on this piece of the planning! I have one last question to clarify and then hopefully we'll be all set for the next 10 yrs with no need to use the plan :)
by Sophia1884
Fri Aug 09, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: How does taxable, savings and retirement calculate into life insurance planning?
Replies: 16
Views: 1270

Re: How does taxable, savings and retirement calculate into life insurance planning?

Hi there, Quick question as I work on our life insurance strategy: How do taxable, savings and retirement accts calculate into life insurance planning? Thank you! I am assuming you are referring specifically to term life insurance. Each spouse's income as well as balances in taxable brokerage accts...
by Sophia1884
Thu Aug 08, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: How does taxable, savings and retirement calculate into life insurance planning?
Replies: 16
Views: 1270

Re: How does taxable, savings and retirement calculate into LI planning?

Broken Man 1999 wrote:
Thu Aug 08, 2019 3:39 pm
What does LI stand for?

Is it perhaps lifecycle investing?

Thank you!

Broken Man 1999
LI= Life insurance...I changed the title to reflect this. Although, now I'm curious as to what "life cycle investing" is. Google here I come :)
by Sophia1884
Thu Aug 08, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: How does taxable, savings and retirement calculate into life insurance planning?
Replies: 16
Views: 1270

How does taxable, savings and retirement calculate into life insurance planning?

Hi there,

Quick question as I work on our life insurance strategy: How do taxable, savings and retirement accts calculate into life insurance planning?

Thank you!
by Sophia1884
Thu Aug 08, 2019 10:35 am
Forum: Personal Consumer Issues
Topic: Group Travel Tours for 40-60s group? East coast maybe?
Replies: 1
Views: 267

Group Travel Tours for 40-60s group? East coast maybe?

Good morning! My mom is looking for a North American tour group trip/experience, with specific (but open minded) interest in the East coast-history, scenery, company. Unfortunately, she's now a solo traveler so I think a smaller group, 15-20, people would be best for her. I've done some really wonde...
by Sophia1884
Tue Aug 06, 2019 10:02 am
Forum: Personal Consumer Issues
Topic: Swimming, do you? Advice sought.
Replies: 76
Views: 7591

Re: Swimming, do you? Advice sought.

I swam competitively in high school, was a part time swim coach in college, and then gave it up for most of my 20s. I recently returned to the sport. There is so much technique to learn that you really need a coach regardless of when you are learning. It's easier to learn as a child, but you can de...
by Sophia1884
Tue Jul 23, 2019 3:25 pm
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: 11925

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

Pediatrician said enough, and we started supplementing w formula instead of waiting until an emergency dehydration situation. Some of the nurses made wife feel like crap for doing it. We did both for 6 months. But I won't forget them making wife feel like a failure, or scramble figuring out the who...
by Sophia1884
Tue Jul 23, 2019 3:06 pm
Forum: Personal Consumer Issues
Topic: Thank you notes,,, out of favor these days?
Replies: 107
Views: 6559

Re: Thank you notes,,, out of favor these days?

I would love to know the ages of the responses...more for personal curiosity than anything else. Mid-30s here. For me/us, I send thank you notes for older couples as I think they expect it/appreciate it. I send texts/emails and call for my peers and always call for family/younger folks. When we rece...
by Sophia1884
Mon Jul 22, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets returning to work after baby? Glad you did?
Replies: 9
Views: 953

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

I don’t understand your job situation. If you stay at job for one year what does that give you? If you are moving anyway in 7 months after you have achieved that year, again what do you gain? If you are applying again for another job in 3 years, would one year in a government job really help that m...
by Sophia1884
Mon Jul 22, 2019 6:00 pm
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: 11925

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

doula, lactation help, If planning on using breastmilk/breastfeeding-I thought that having a lactation certified doula with my first was an invaluable expenditure. That first week, unexpectedly, is really stressful not with getting the baby to sleep...but with feeding it. Come to find out, it's not...
by Sophia1884
Mon Jul 22, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets returning to work after baby? Glad you did?
Replies: 9
Views: 953

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

Hello all, I hope to tap into the experience of the group to hopefully prevent some regrets later on. Our situation is pretty unique so I'm having difficulty finding advice/making up my mind...hoping the hive mind can help. Any regrets, now or years later, returning to work post-partum? Glad you did...
by Sophia1884
Fri Jul 19, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Stuck Planning Life Insurace+ Military Pension + Savings
Replies: 6
Views: 806

Re: Stuck Planning Life Insurace+ Military Pension + Savings

You may want to talk to USAA. They have a fairly detailed insurance calculator. (Last time I ran it, it recommended zero life insurance for me, which is correct considering I've reached my military reserve pension age and I've hit my number for my retirement funds) Also, USAA life does NOT have a w...
by Sophia1884
Thu Jul 18, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Stuck Planning Life Insurace+ Military Pension + Savings
Replies: 6
Views: 806

Re: Stuck Planning Life Insurace+ Military Pension + Savings

Unless you can get it cheaper, I would hang unto existing policies and just add others as needed. Not simple to figure it out, but SBP after retirement is a good COLA-enhanced security of up to 55% Children would be eligible for SS until age 18, and survivor parent if income from work is low until ...
by Sophia1884
Wed Jul 17, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Stuck Planning Life Insurace+ Military Pension + Savings
Replies: 6
Views: 806

Stuck Planning Life Insurace+ Military Pension + Savings

Hello all, I'm really stuck and not sure how to proceed with setting up the life insurance. I'd really appreciate some thoughts. My policy is easy- it's a term for $500,000, split between my mom and my husband. As he is the military member, his policy is the most pressing for our family. Currently, ...
by Sophia1884
Tue Jul 02, 2019 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: To Ladder or Not to Ladder-and other Life Insurance Qs
Replies: 1
Views: 263

To Ladder or Not to Ladder-and other Life Insurance Qs

Hello all! Following the birth of baby #2 (3 yr difference between the two kids) we would like to increase our life insurance. I'm tackling my husband's first and would really appreciate some insight and help. The situation and my questions are below: My husband currently has a policy for $29/mth fo...
by Sophia1884
Mon Apr 22, 2019 11:04 pm
Forum: Personal Consumer Issues
Topic: Mint users-is there a way to ONLY link CCs?
Replies: 2
Views: 335

Mint users-is there a way to ONLY link CCs?

Hi all, As most of our spending is on CCs, I would like to use Mint or a similar service to track charges. However, I feel uncomfortable linking anything but CCs to Mint. When I tried to start up Mint, it asked for acct log ins/info...however, my account at the bank is tied to my checking, savings A...
by Sophia1884
Thu Apr 18, 2019 3:57 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2481

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

I have been using lastpass for 2-3 years. It is only 12 buck a year which really reasonable given how easy it has made to add 2FA plus creating strong passwords. It is available on all devices, sync up easily, allows me to use various 2FA tools such as google authenticator, yubikey etc. Autofill wo...
by Sophia1884
Thu Apr 18, 2019 2:05 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2481

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

Outside of being part of an organization, would you just go with the free personal version of LP or subscribe to the Premium? Trying to understand the difference. I would, for a couple of reasons: 1) Fingerprint support on mobile is super-convenient 2) Emergency access 3) I personally find value in...
by Sophia1884
Thu Apr 18, 2019 2:01 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2481

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

Outside of being part of an organization, would you just go with the free personal version of LP or subscribe to the Premium? Trying to understand the difference. I don't use LP but I'll offer the following suggestion/opinion. If the core encryption/security of the free version is less than the pre...
by Sophia1884
Thu Apr 18, 2019 1:40 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2481

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

I'm a big fan of LastPass, but also spent several years with 1Password synced to my Dropbox. The single most important thing about using a password manager is to select a long, easy-to-remember pass phrase that you have never and will never use anywhere else . Mine is 35+ characters, but I can type...
by Sophia1884
Thu Apr 18, 2019 1:00 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2481

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

I use KeePass for everything on my home PC. All my financial accounts have complex 20-character passwords, which were generated in KeePass. There are plugins in my Chrome browser and my KeePass installation that communicate with each other and allow Chrome to pull and populate username/password fie...
by Sophia1884
Thu Apr 18, 2019 12:50 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2481

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

I'm a big fan of LastPass, but also spent several years with 1Password synced to my Dropbox. The single most important thing about using a password manager is to select a long, easy-to-remember pass phrase that you have never and will never use anywhere else . Mine is 35+ characters, but I can type...
by Sophia1884
Thu Apr 18, 2019 12:38 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2481

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

I use KeePass. It's not as convenient as other cloud based password managers - it's more difficult to update across devices since it doesn't sync - but I find it easy to use. I'm all in for ease of use! My understanding is that with KeePass, the pws are encrypted on your phone. What happens if you ...
by Sophia1884
Thu Apr 18, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2481

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

I also use Keepass. I currently store the db on my Google Drive; my financial accounts PWs are not in the db I sync since I would never try to access them outside the house anyway. I keep those in a separate KP db. Thank you! Ok, another thumps up for Keepass (what I'm leaning towards I think) but ...
by Sophia1884
Thu Apr 18, 2019 12:32 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2481

Re: Final Word from Cyber Security types?-Password Manager for non-techie??

Vulcan wrote:
Thu Apr 18, 2019 12:28 pm
Chrome password manager with 2FA enabled on your Google account.
Thank you! For Vanguard at least, the guidance is to not store pws on/through browsers (found out through my search of the previous threads). Would storing passwords in the Chrome pw manger count as storing them on the browser?
by Sophia1884
Thu Apr 18, 2019 12:01 pm
Forum: Personal Consumer Issues
Topic: Final Word from Cyber Security types?-Password Manager for non-techie??
Replies: 43
Views: 2481

Final Word from Cyber Security types?-Password Manager for non-techie??

Hello all! Yes, I know there are a lot of password manager threads out there but I'm looking more for expert advice/experience and less of opinion. BLUF: IPhone user. Need a password manager that is secure (2/3 way authentication as part of it?). I'm pretty low tech so a one stop shop would be aweso...
by Sophia1884
Fri Mar 22, 2019 2:45 pm
Forum: Personal Investments
Topic: Best way to use 100K: pay off rental or buy CDs?
Replies: 17
Views: 1368

Re: Best way to use 100K: pay off rental or buy CDs?

Hello all, Asking for my mom. She has several rental properties and recently has access to 100 K. She would like to put the money somewhere for two years (planning to retire in 2 yrs). She was looking for a 5% return but I advised that the market isn't a good place to keep money for a short term. W...
by Sophia1884
Fri Mar 22, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do you treat inheritance as a singular or shared asset?
Replies: 113
Views: 6288

Re: Do you treat inheritance as a singular or shared asset?

I Thick & thin, better or worse This. The foundation of everything we do as a couple rests on the sole premise: "family comes first." We individually give up things/opportunities if it's not good for the family. We sacrifice/pass up things/opportunities together if it's not good for the family. We ...
by Sophia1884
Fri Mar 22, 2019 9:48 am
Forum: Personal Investments
Topic: Best way to use 100K: pay off rental or buy CDs?
Replies: 17
Views: 1368

Re: Best way to use 100K: pay off rental or buy CDs?

J G Bankerton wrote:
Thu Mar 21, 2019 3:26 pm
Pay off the debt then she can invest what she would have given to the bank. As for high rate CDs the story is in the fine print, read it carefully.
Makes sense, thank you.
by Sophia1884
Fri Mar 22, 2019 9:47 am
Forum: Personal Investments
Topic: Best way to use 100K: pay off rental or buy CDs?
Replies: 17
Views: 1368

Re: Best way to use 100K: pay off rental or buy CDs?

Hello all, Asking for my mom. She has several rental properties and recently has access to 100 K. She would like to put the money somewhere for two years (planning to retire in 2 yrs). She was looking for a 5% return but I advised that the market isn't a good place to keep money for a short term. W...
by Sophia1884
Wed Mar 20, 2019 11:31 pm
Forum: Personal Investments
Topic: Best way to use 100K: pay off rental or buy CDs?
Replies: 17
Views: 1368

Best way to use 100K: pay off rental or buy CDs?

Hello all, Asking for my mom. She has several rental properties and recently has access to 100 K. She would like to put the money somewhere for two years (planning to retire in 2 yrs). She was looking for a 5% return but I advised that the market isn't a good place to keep money for a short term. Wh...
by Sophia1884
Wed Mar 06, 2019 11:57 pm
Forum: Personal Investments
Topic: H&R Rep says Backdoor Roth closed/changed..now what?
Replies: 25
Views: 2936

Re: H&R Rep says Backdoor Roth closed/changed..now what?

Duckie, thank you. Three questions: You can't recharacterize a conversion anymore. That's the only thing that has changed. If you don't have a current employer plan can you create some self-employment income and open a solo 401k? 1. Can you please explain: "You can't recharacterize a conversion anym...
by Sophia1884
Wed Mar 06, 2019 11:50 pm
Forum: Personal Investments
Topic: H&R Rep says Backdoor Roth closed/changed..now what?
Replies: 25
Views: 2936

Re: H&R Rep says Backdoor Roth closed/changed..now what?

You don't have to mention the conversion you did back to Roth. You'll deal with that next tax season since it happened this year, and you'll get proper forms from Vanguard for it. Ok. What if I had already contributed $6,000 for 2019 to the Roths in January of 2019? This contribution was before we ...