Search found 731 matches

by Herekittykitty
Tue Sep 22, 2020 7:09 pm
Forum: Personal Investments
Topic: Maximum age to open traditional IRA?
Replies: 20
Views: 1563

Re: Maximum age to open traditional IRA?

Thanks much to everyone for the helpful discussion and advice and the clear answers.

I enjoyed the discussion and learned a lot. I also appreciate the concrete easy to understand, idiot proof replies! Sometimes concrete, easy to understand, and idiot proof hits the spot in a good way!

:D
by Herekittykitty
Mon Sep 21, 2020 7:50 pm
Forum: Personal Investments
Topic: Maximum age to open traditional IRA?
Replies: 20
Views: 1563

Re: Maximum age to open traditional IRA?

I still am not clear on the answer, yes or no, to my question: Can I, given my circumstances, open a traditional IRA without rolling anything over to do it? I also do not know the answer to Research Med's interesting question regarding whether I could roll over a small amount of money ($1,000?) from...
by Herekittykitty
Mon Sep 21, 2020 7:39 pm
Forum: Personal Investments
Topic: Maximum age to open traditional IRA?
Replies: 20
Views: 1563

Re: Maximum age to open traditional IRA?

Double post.
by Herekittykitty
Sun Sep 20, 2020 8:13 pm
Forum: Personal Investments
Topic: Maximum age to open traditional IRA?
Replies: 20
Views: 1563

Re: Maximum age to open traditional IRA?

does this help: https://www.investopedia.com/ask/answers/147.asp From the Investopedia link: "Key Takeaways There is no age restriction for contributions to Roth IRAs. You can now make contributions to traditional IRAs beyond the previous age limit of 70½ years, thanks to the SECURE Act. There is n...
by Herekittykitty
Sat Sep 19, 2020 1:31 pm
Forum: Personal Investments
Topic: Maximum age to open traditional IRA?
Replies: 20
Views: 1563

Maximum age to open traditional IRA?

I think there have been changes to the maximum age, but I don't know what they are (if any) or when they will stop. (My situation: Turned 70 the first half of 2020. Still working. I don't have an IRA of any kind. Income too high for a Roth IRA. Would like to open a traditional IRA for 2020 (I assume...
by Herekittykitty
Sun Aug 30, 2020 4:04 pm
Forum: Personal Investments
Topic: Starting to Invest in Your 50s
Replies: 15
Views: 1731

Re: Starting to Invest in Your 50s

There is a wealth of information on the Wiki that is useful at any age. I would start with "Getting Started:" https://www.bogleheads.org/wiki/Getting_started and mine that information. Then move on in the Wiki to "Investment Policy Statement:" https://www.bogleheads.org/wiki/Investment_policy_statem...
by Herekittykitty
Sat Aug 29, 2020 6:41 pm
Forum: Personal Consumer Issues
Topic: What purchases are you planning now for the Fall/Winter to get ahead of demand?
Replies: 57
Views: 6830

Re: What purchases are you planning now for the Fall/Winter to get ahead of demand?

......Paper towels are in short supply now...not sure why. Ed The 8/22/20 WSJ has an article on that very subject. It is interesting. I recommend reading it if you have access. (I read the WSJ online through the local library.) "Why Are There Still Not Enough Paper Towels? Blame lean manufacturing....
by Herekittykitty
Sat Aug 29, 2020 3:19 pm
Forum: Personal Investments
Topic: What to do with unused emergency fund?
Replies: 39
Views: 3356

Re: What to do with unused emergency fund?

I have over 6 months saved in an emergency fund. I know it is meant for unforeseeable expenses, but I feel like things in my life are relatively stable...... Miriam Webster online defines emergency as: "an unforeseen combination of circumstances or the resulting state that calls for immediate actio...
by Herekittykitty
Sat Aug 29, 2020 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Co-Signing mortgage for parents
Replies: 29
Views: 2302

Re: Co-Signing mortgage for parents

Here is another idea: Have your parents get a pre-approval or at least pre-qualification for a mortgage as soon as can be done because before that is done you are missing information you and your parents would need to consider options. You and they might want you to go with them so everyone is clear...
by Herekittykitty
Fri Aug 14, 2020 10:46 am
Forum: Personal Consumer Issues
Topic: Who is your favorite fiction author and what is your favorite book of theirs?
Replies: 161
Views: 9544

Re: Who is your favorite fiction author and what is your favorite book of theirs?

Glory Road by Robert Heinlein. What a rip-roaring hoot!!! I read it a couple of years after it came out. I loved the fantasy, imagination, adventure - it opened up the universe for me. (It didn't hurt that while the hero was a man, there was a strong smart female character. For a 16 year old nerdy g...
by Herekittykitty
Mon Aug 10, 2020 6:31 pm
Forum: Personal Investments
Topic: What should I do?
Replies: 23
Views: 2630

Re: What should I do?

In addition to the good advice being given by posters above, get a copy of this book and read it: "If You Can How Millenials Can get Rich Slowly" by William Bernstein Here's a link to the author's site. Go to the site, and click on Bernstein's New Books and read what he says about how to get it chea...
by Herekittykitty
Sun Aug 02, 2020 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Where do I start? need a money makeover...
Replies: 31
Views: 3326

Re: Where do I start? need a money makeover...

FOR FINANCIAL EDUCATION: I support the recommendation from another poster above to check out the White Coat Investor site in the course of educating yourself about money: https://www.whitecoatinvestor.com/ The author, an emergency room physician, has posted here for years regularly although not alwa...
by Herekittykitty
Sat Aug 01, 2020 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Unmotivated daughter and son in law.
Replies: 115
Views: 9644

Re: Unmotivated daughter and son in law.

From a financial viewpoint you can't afford it. It ties up a significant part of your assets and deprives your security and retirement of not only reasonable access in a timely fashion to those assets but also to the growth and income those assets could have given you had you not tied them up. In ad...
by Herekittykitty
Mon Jul 20, 2020 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Helping my nephew out of his rut
Replies: 82
Views: 8891

Re: Helping my nephew out of his rut

Sandtrap wrote: Mon Jul 20, 2020 8:35 pm.......Had lost a parent when young. Without a mentor or respected and wise relative to provide consistent guidance, things can and do get rough and stay rough for a long time.
j🌺
Wise words.

And blessings on the OP for being that "mentor or respected and wise relative" for his nephew.
by Herekittykitty
Mon Jul 20, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Should I raid my kids college fund to buy a new computer?
Replies: 29
Views: 2737

Re: Should I raid my kids college fund to buy a new computer?

I doubt if you accumulated the assets you did and built up the 529, HSA, and so on without a plan. If you do not have a specific amount in mind for the various categories then work with your spouse on setting such an amount, and review annually to confirm that the amount still makes sense. If you do...
by Herekittykitty
Thu Jul 16, 2020 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Mom Has $2K Net Worth at 62 - Want to Help
Replies: 120
Views: 11287

Re: Mom Has $2K Net Worth at 62 - Want to Help

Miscellaneous comments: Depending on how much the life insurance is for and especially if OP and his/her sibling are beneficiaries, it could make sense for them to pay her the $40 a month ($480 a year) to keep it. If she is making payments through her employer with pre-tax dollars, it isn't costing ...
by Herekittykitty
Sun Jun 28, 2020 7:41 am
Forum: Personal Investments
Topic: College Student Beginner Portfolio Advice
Replies: 34
Views: 1243

Re: College Student Beginner Portfolio Advice

Miscellaneous thoughts: Get on a budget. There are lots of budget templates and budget programs available for free and some for reasonable cost (I'd start with free.) A budget is powerful. It helps align your values with your priorities and your priorities with your spending. It doesn't mean you can...
by Herekittykitty
Sat Jun 27, 2020 11:54 am
Forum: Personal Investments
Topic: 61 year old female Divorcee - how am I doing?
Replies: 15
Views: 3320

Re: 61 year old female Divorcee - how am I doing?

Checking into Social Security benefits has been mentioned. Just a quick look online at the Massachusetts Teachers Retirement System looks like it is one of the states in which the employee contributes to the state retirement system and not to Social Security. If that is correct, one of the following...
by Herekittykitty
Fri Jun 26, 2020 7:58 pm
Forum: Personal Investments
Topic: 61 year old female Divorcee - how am I doing?
Replies: 15
Views: 3320

Re: 61 year old female Divorcee - how am I doing?

.......Also have a Massachusetts Teachers Retirement System Pension that is accumulating. Don't know much about it but it has approx $50K in it I believe?....... ...... Any other just overall comments on my portfolio and any advice?....... Yes to other advice: You will get a pension, so you should ...
by Herekittykitty
Tue Jun 23, 2020 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Am I in a position to negotiate? 801 credit score cash out refinance
Replies: 27
Views: 2478

Re: Am I in a position to negotiate? 801 credit score cash out refinance

I understand that you want to refinance in your name only due to his credit issues, but if you and your husband are currently on the title of the house, why would the deed need to change with the refinance? Is that something the lender would require? Generally speaking, you can have a house titled ...
by Herekittykitty
Tue Jun 23, 2020 1:29 pm
Forum: Personal Consumer Issues
Topic: Sellers agent not letting me view property without preapproval or "proof of finances"
Replies: 189
Views: 10555

Re: Sellers agent not letting me view property without preapproval or "proof of finances"

My brother sold his house a couple of years ago. He instructed his agent to only show the house to people who were pre-approved to buy a house for that selling price. He did not want people going through the house that were not ready and able to buy his house for that price. Of course requiring pre-...
by Herekittykitty
Sat Jun 20, 2020 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Am I in a position to negotiate? 801 credit score cash out refinance
Replies: 27
Views: 2478

Re: Am I in a position to negotiate? 801 credit score cash out refinance

I understand that you want to refinance in your name only due to his credit issues, but if you and your husband are currently on the title of the house, why would the deed need to change with the refinance? Is that something the lender would require? Generally speaking, you can have a house titled ...
by Herekittykitty
Sat Jun 13, 2020 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend paying rent
Replies: 107
Views: 10688

Re: Girlfriend paying rent

Girlfriend and you have been together over 3 years and spend a lot of time together including in your house. You own a house, do not have student loan debt, and make a good income. She has been renting a room for $550 a month, has student loan debt, and her income is higher than yours. She is willin...
by Herekittykitty
Sat Jun 13, 2020 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: $120,000 in credit card debt
Replies: 72
Views: 9694

Re: $120,000 in credit card debt

The following would help: Is the divorce settlement money designated per the settlement or in any other way as personal or as business or some combination, or is it not designated? Age Current marital status, kids Income including sources of income and how secure that income is likely to be Expenses...
by Herekittykitty
Tue Jun 09, 2020 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help Me Strategize Our Debt Payoff Please
Replies: 43
Views: 2130

Re: Help Me Strategize Our Debt Payoff Please

.......We can afford to pay $5,000 a montht’d be nice to have it all paid off at the time when he becomes eligible to participate in the 401k at his job, where they do match well (01/22)....... ......Context notes: We’re on a new 15-year 2.5% mortgage. We are at the top of the hill with kids...... ...
by Herekittykitty
Thu May 21, 2020 4:33 pm
Forum: Personal Consumer Issues
Topic: Do you dislike recurring billing for gyms?
Replies: 68
Views: 3715

Re: Do you dislike recurring billing for gyms?

The YMCA doesn't require auto pay where I live. Check with yours and see what they offer.
by Herekittykitty
Fri May 15, 2020 10:10 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10817

Re: Please tell me I'm not crazy

OP, The issue is not whether you should sell the stock. The problem is your emergency fund is too small. KlangFool Perhaps – but I'd counter by saying that I've deliberately chosen to invest my rainy day fund in order to seek higher returns. And yes, there's an increased level of risk associated wi...
by Herekittykitty
Sat May 09, 2020 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Very Low Student Loan Interest Rate - Invest Instead?
Replies: 34
Views: 2000

Re: Very Low Student Loan Interest Rate - Invest Instead?

Here's a link to the Boglehead Wiki article on paying down loans versus investing. You may find it helpful to read the perspective of the article and also the "talk page" linked to at the top of the article. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing Note that at the top of t...
by Herekittykitty
Sat May 09, 2020 4:17 pm
Forum: Personal Consumer Issues
Topic: What are you doing for haircuts due to coronavirus shutdown?
Replies: 254
Views: 21578

Re: What are you doing for haircuts due to coronavirus shutdown?

Hair salons are opening up on a limited basis where I live. I'm not going to be at the forefront of checking them out. I'm a female. Once my hair got long enough, a nice brushing then up in a ponytail with a ponytail band. If my ponytail gets longer, that's fine. Sometimes I just brush it out and le...
by Herekittykitty
Sat May 09, 2020 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Very Low Student Loan Interest Rate - Invest Instead?
Replies: 34
Views: 2000

Re: Very Low Student Loan Interest Rate - Invest Instead?

Is it one loan for $140,000 or is that the sum of several loans that could be paid off separately?
by Herekittykitty
Thu Apr 30, 2020 10:09 pm
Forum: Personal Investments
Topic: Mother has only $85K to sustain her
Replies: 81
Views: 8353

Re: Mother has only $85K to sustain her

Realizing that this question is just plain nuts, but just brainstorming: If your mother wants to stay in the house and if the potential selling price of the house is low enough and if the condition/cost of maintaining the house favorable, and if the mortgage payment would be low enough compared to ...
by Herekittykitty
Sun Apr 26, 2020 1:14 pm
Forum: Personal Investments
Topic: Mother has only $85K to sustain her
Replies: 81
Views: 8353

Re: Mother has only $85K to sustain her

Realizing that this question is just plain nuts, but just brainstorming: If your mother wants to stay in the house and if the potential selling price of the house is low enough and if the condition/cost of maintaining the house favorable, and if the mortgage payment would be low enough compared to r...
by Herekittykitty
Sat Apr 25, 2020 5:05 pm
Forum: Personal Investments
Topic: Mother has only $85K to sustain her
Replies: 81
Views: 8353

Re: Mother has only $85K to sustain her

…….After my stepfather passed away his children made my mother find a new place to live. She has only $85,000 in cash and is 78 years old. Her expenses exceed income by $500 per month. In order to make it last as long as possible I recommended she rent an apartment in order to generate income from ...
by Herekittykitty
Sun Apr 19, 2020 7:21 pm
Forum: Personal Consumer Issues
Topic: Convince me - for or against bigger home
Replies: 92
Views: 5656

Re: Convince me - for or against bigger home

m@ver1ck wrote: Sat Apr 18, 2020 10:57 am ......After reconfigurations this weekend - we’ll have
A) master bedroom
B) kids room
C) office/prayer
D) guest
That looks really good.

Enjoy the time you have at home and that you aren't spending on the increased commute.

:happy
by Herekittykitty
Sun Apr 19, 2020 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: When do you walk away from whole life insurance?
Replies: 31
Views: 3617

Re: When do you walk away from whole life insurance?

If you bought both term and whole life, it is possible you and your wife decided that you needed the total amount of insurance that you bought. Before you do anything you and your wife should figure out how much insurance on each of your lives you want/need to have and how long you want/need to have...
by Herekittykitty
Sun Apr 12, 2020 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment vs. work at Amazon warehouse/CA
Replies: 84
Views: 6052

Re: Unemployment vs. work at Amazon warehouse/CA

I would look at it strictly from the point of view of safety. I don't know of a more important criterion than safety. Is it certain she will be able to meet the physical demands of the Amazon job without sustaining injury? Is it certain she will be as safe from contracting Covid-19 if she takes the ...
by Herekittykitty
Fri Apr 10, 2020 5:22 pm
Forum: US Chapters
Topic: Update - we did it! THANK YOU
Replies: 15
Views: 2211

Re: Update - we did it! THANK YOU

....Thanks! I’ve been saving for my daughters college since she was in utero. It might have been smarter to use the money to pay off my own loans but I thought getting a good start and the magic of compound interest was important - we’ve already saved $10k. I hope to instill the values to suggest. ...
by Herekittykitty
Fri Apr 10, 2020 10:22 am
Forum: US Chapters
Topic: Update - we did it! THANK YOU
Replies: 15
Views: 2211

Re: Update - we did it! THANK YOU

Two years ago I reached out for advice on personal finance strategy and I was strongly encouraged to pay off my husband’s and my student loans which were about $40k. It took us two years but we finally did it!! Thank you for making the suggestion as the extra cash flow is very helpful as we prepare...
by Herekittykitty
Sun Apr 05, 2020 11:13 am
Forum: Personal Consumer Issues
Topic: What are you doing for haircuts due to coronavirus shutdown?
Replies: 254
Views: 21578

Re: What are you doing for haircuts due to coronavirus shutdown?

Female with medium length hair that I wear down and that grows fast.

Now - ponytail.
by Herekittykitty
Sat Mar 28, 2020 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Changing from Survivors to Own Benefit
Replies: 9
Views: 543

Re: Social Security - Changing from Survivors to Own Benefit

dbr, that site looks great but I don't think it works if you have a newer Medicare card without a Social Security number. That's what I have, and the numbers and patterns don't fit with the descriptions on the site in a way that I can figure out. I didn't keep my old Medicare card so I can't refer t...
by Herekittykitty
Sun Mar 22, 2020 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Upside down car: advice [car loan]
Replies: 57
Views: 3085

Re: Upside down car: advice

Keep the car. He is familiar with it and knows what kind of care (hopefully good) it has been getting. Take good care of it and plan on keeping it a long time past when it is paid off. Move closer to work or get a job closer to home. Increase income. That could be by getting a better paying job, add...
by Herekittykitty
Sun Mar 22, 2020 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Advice needed - personal loan or credit card balance transfer
Replies: 36
Views: 1553

Re: Advice needed - personal loan or credit card balance transfer

I have a very dark question, if I were to die does my wife get saddled with my debts? We have some debt together, a personal loan and a mortgage, but would she be held responsible for my personal credit card debt? Take good care of yourself and she should take good care of herself. Love long and pr...
by Herekittykitty
Sat Mar 21, 2020 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Changing from Survivors to Own Benefit
Replies: 9
Views: 543

Re: Social Security - Changing from Survivors to Own Benefit

I just have Medicare A right now. IIRC I got Medicare A at age 65 (whenever it was required to do to avoid penalties) and I know I got Social Security survivor benefits at age 66. So wouldn't that mean the Medicare was on my own record? I have health insurance through work but am likely to retire sh...
by Herekittykitty
Sat Mar 21, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Changing from Survivors to Own Benefit
Replies: 9
Views: 543

Re: Social Security - Changing from Survivors to Own Benefit

Thanks for the info and suggestions and the thought and time to reply. Bogleheads are the greatest! I'd forgotten that I could be asked if I want benefits retroactively and that I should answer "No" if I don't want my monthly payment reduced forever. Yikes. I want to do this in person so if they ask...
by Herekittykitty
Sat Mar 21, 2020 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Changing from Survivors to Own Benefit
Replies: 9
Views: 543

Social Security - Changing from Survivors to Own Benefit

Age 69, will be 70 shortly. I started survivor's (widow) benefits at age 66 and kept working. Benefits on my record will be greater than survivors benefits. My plan had been to get an appointment and go to a Social Security office in person along about now to do the change. But the offices are not o...
by Herekittykitty
Sun Mar 15, 2020 12:56 pm
Forum: Personal Investments
Topic: student loan interest frozen- invest or pay off loans?
Replies: 19
Views: 910

Re: student loan interest frozen- invest or pay off loans?

..... I didnt mention 401k because I am already funding that automatically. I dont even think about it. I am referring only to taxable accounts. Good in my opinion that you are fully funding your 401k. You may want to consider fully funding an IRA (Roth if you qualify which you might, otherwise tra...
by Herekittykitty
Sun Mar 15, 2020 10:22 am
Forum: US Chapters
Topic: Where is Livesoft!?
Replies: 147
Views: 28075

Re: Where is Livesoft!?

.....I was pretty dismayed over Larry leaving the forum and yes I did give thought to leaving. I'm a miscellaneous person who is grateful for the wonderful people here and the education and support provided. I was sorry to see Larry go. I miss him. I'm sorry to see that Livesoft hasn't been posting...
by Herekittykitty
Sun Mar 15, 2020 10:15 am
Forum: Personal Investments
Topic: student loan interest frozen- invest or pay off loans?
Replies: 19
Views: 910

Re: student loan interest frozen- invest or pay off loans?

Should I invest or pay off loans? I have 120k in student loans at 6.8%. Interest rates frozen. Stocks dropped. Should I buy the dip or pay of the debt? What if interest rates are only for 2 months? What if 6 months? Right now I pay about 4-5k a month in student loans. I 'only' have to pay about 760...
by Herekittykitty
Sun Feb 16, 2020 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Relative laid off - need advice
Replies: 29
Views: 5137

Re: Forced early retirement with minimal asset - please help with planning

COMMENTS: First: Good for your relative for maintaining stable employment for 19 years with a company and only facing job loss due to the company shutting down. Good for him for having the job skills to be valuable to the company for those years. Good for him for having the 401k and cash savings. An...