Search found 542 matches

by Ybsybs
Mon Apr 20, 2020 9:35 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1614
Views: 132963

Re: Coronavirus (Consumer Issues) How you are preparing?

Tried grocery delivery from a nearby large chain grocery store and it was a massive failure. It was difficult to order and took several days trying at odd hours to even get a delivery slot. There was supposed to be a feedback system to identify substitutions, but they didn't use it and merely noted...
by Ybsybs
Tue Apr 07, 2020 10:56 am
Forum: Personal Consumer Issues
Topic: Instacart delivery slots?
Replies: 40
Views: 2803

Re: Instacart delivery slots?

Delivery slots have not been available in my area when I've looked. I've successfully used Instacart once for a "fast & flexible" delivery which ended up being same day. Lots of things were out of stock, which I believe to be the local supply and not my shopper based on reports from friends doing th...
by Ybsybs
Tue Mar 31, 2020 3:06 pm
Forum: Personal Investments
Topic: Roth IRA non-working spouse
Replies: 14
Views: 618

Re: Roth IRA non-working spouse

For those wondering, this was a misunderstanding. Our taxes are now finished with all both adults getting to have full 2019 Roth IRA contributions. And I'm pretty much recovered now. I only have a lingering cough and find myself getting worn out more easily that usual. One of my two kids got it but ...
by Ybsybs
Fri Mar 20, 2020 5:48 pm
Forum: Personal Investments
Topic: Roth IRA non-working spouse
Replies: 14
Views: 618

Re: Roth IRA non-working spouse

retiredjg wrote:
Fri Mar 20, 2020 5:36 pm
Nothing you can do about this when your brain is not working. Get better, then fix it. :happy
Thanks.
by Ybsybs
Fri Mar 20, 2020 5:34 pm
Forum: Personal Investments
Topic: Roth IRA non-working spouse
Replies: 14
Views: 618

Re: Roth IRA non-working spouse

I'm hoping for miscommunication. I am sick right now and it makes it hard to think straight sometimes. I've tried to write up an email explaining what I think is going on but I"m not putting words together real well. I guess I've got until Apriil 15th anyway so I can wait until I'm feeling better to...
by Ybsybs
Sun Mar 15, 2020 3:16 pm
Forum: Personal Investments
Topic: Roth IRA non-working spouse
Replies: 14
Views: 618

Re: Roth IRA non-working spouse

Some years we run up against the income limits, but not for 2019. This CPA has saved me from tax stupidity in the past, so I'm baffled at this one. I need to sleep on it and reread the applicable bits of tax code again to try to understand what I might be missing or the send him to try to convince h...
by Ybsybs
Sun Mar 15, 2020 2:57 pm
Forum: Personal Investments
Topic: Roth IRA non-working spouse
Replies: 14
Views: 618

Re: Roth IRA non-working spouse

Yeah. I'm concerned with why my CPA thinks this isn't a thing.
by Ybsybs
Sun Mar 15, 2020 10:29 am
Forum: Personal Investments
Topic: Roth IRA non-working spouse
Replies: 14
Views: 618

Roth IRA non-working spouse

I'm confused about what's allowed for Roth IRA contributions. I have no earnings for 2019. My spouse has earned income for 2019. He made 401k contributions and Roth IRA contributions. I made Roth IRA contributions as a spouse of a person with earned income. My CPA is reading the current 2019 rules a...
by Ybsybs
Fri Mar 06, 2020 11:36 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1614
Views: 132963

Re: Coronavirus (Consumer Issues) How you are preparing?

I've got about two weeks worth of food in the pantry and freezer. We will keep grocery shopping as normal and rotate foods to maintain that stash. If someone in our household gets sick, we will do our best to not leave the house for a couple weeks to avoid being part of the problem. So far there are...
by Ybsybs
Thu Feb 13, 2020 9:28 am
Forum: Personal Consumer Issues
Topic: Toy overload alternatives for grandparents
Replies: 104
Views: 5699

Re: Toy overload alternatives for grandparents

My experience was that the gift amounts and unhelpfulness of the same were worst in the first year. The grandparents were especially unwilling to have a straightforward conversation about the trouble they were giving us with the strings they wanted to tie to the gifts (photo shoots in elaborate clot...
by Ybsybs
Wed Feb 12, 2020 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Having a baby in April 2020 - Whats your best financial advice for a new parent
Replies: 102
Views: 8296

Re: Having a baby in April 2020 - Whats your best financial advice for a new parent

hire as many people as you can afford for the first year of life. This. Having kids is very very hard on marriage. Divorce is expensive. A regular baby sitter (at first) can allow a precious four hours of sleep in a row and then (later) perhaps support a date lunch. The first year can be very very ...
by Ybsybs
Wed Feb 12, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy a condo for father-in-law
Replies: 25
Views: 1627

Re: Should we buy a condo for father-in-law

I suggest you talk to a lawyer with experience in elder care law. Buying a condo for him to live in sounds like a kind and generous thing to do. $200k is 40% of your own retirement savings. You might be able to afford to be so generous. But then again, you might not. Perhaps contributing ~$50k to to...
by Ybsybs
Mon Feb 10, 2020 11:16 am
Forum: Investing - Theory, News & General
Topic: 529 strategy
Replies: 5
Views: 773

Re: 529 strategy

I choose to have separate 529 accounts for each kid. I try to put an even amount into each. It is likely that when kid #1 is college aged the amount her account will be different than the inflation adjusted amount in kid #2's account when she reaches college age. We can try to even it up somehow lat...
by Ybsybs
Fri Jan 03, 2020 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Over $1.5M Under Age 45, Have You Paid Off Your Home?
Replies: 19
Views: 2284

Re: Net Worth Over $1.5M Under Age 45, Have You Paid Off Your Home?

I'm curious how any of our answers can assist you with anything actionable.
by Ybsybs
Wed Jan 01, 2020 3:49 am
Forum: Personal Consumer Issues
Topic: Alternative to stairs?
Replies: 38
Views: 3330

Re: Alternative to stairs?

If you don't move to a single floor home, eventually the basement and upper floor becomes onsite storage and onsite guest rooms. Though from watching relatives age, those who made a concerted effort to use stairs regularly, if carefully, maintained the ability far longer than those who sought out a ...
by Ybsybs
Mon Nov 25, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: As a govt employee, should I have a larger EF?
Replies: 28
Views: 3025

Re: As a govt employee, should I have a larger EF?

I choose to have a 12 month emergency fund divided into certificates of deposit maturing monthly. I also budget monthly. When a shutdown happens and paychecks aren't deposited on time, I cash out that month's CD when it comes due instead of renewing it for the next 12 months. In my situation, a shut...
by Ybsybs
Wed Oct 30, 2019 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Gift vs Joint Ownership?
Replies: 5
Views: 404

Re: Gift vs Joint Ownership?

Ideally you've raised a person ready to be an independent adult and who has the skills to choose a life partner appropriately. If you don't and you know it, something more elaborate than shared ownership of the house might be best. For instances if you think your child might be sued and lose the hou...
by Ybsybs
Tue Oct 29, 2019 11:54 am
Forum: Personal Consumer Issues
Topic: Anyone have an issue with Corelle plates?
Replies: 38
Views: 4066

Re: Anyone have an issue with Corelle plates?

I inherited my Corelle plates. Apparently I'm hard on them. A couple break every move and we break about one dish every other month with the kids. The shattering is excessive.

I'm window shopping for a replacement. The number of place settings left is not yet quite below four.
by Ybsybs
Mon Oct 28, 2019 10:32 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 10552

Re: How much do you plan to spend on your children's weddings?

I'd like to offer an inflation adjusted amount similar to what my parents paid for my wedding. I don't have a separate savings fund for wedding stuff. My kids are 0 and 2 years old. If my kids were near the age of the OP's kids and not engaged, I think I'd much rather have the money in CDs or a bond...
by Ybsybs
Mon Oct 21, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Fed Workers Prep for Budget Delays
Replies: 18
Views: 2323

Re: Fed Workers Prep for Budget Delays

Thanks for the feedback.

It sounds like I'm not missing anything obvious. Thanks again.
by Ybsybs
Fri Oct 18, 2019 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Fed Workers Prep for Budget Delays
Replies: 18
Views: 2323

Fed Workers Prep for Budget Delays

About a year ago Congress and the President had an extended budget fight that resulted in quite a few federal workers not getting paychecks on time. Right now there's a continuing resolution through November 21. It could be that there will be more CRs approved and then a full budget passed without a...
by Ybsybs
Wed Oct 16, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 5451

Re: Prenuptial agreement for moderately successful 30 year olds

I suggest you talk about what seems fair and then each get lawyers to put it in legalese. Perhaps: -Each keeps amounts they had before entering the marriage. -Each keeps any inheritances or gifts from the respective sides of the family. -Each retains ownerships of gifts given to them by the other. (...
by Ybsybs
Wed Oct 16, 2019 1:43 pm
Forum: Personal Consumer Issues
Topic: Home upgrade question
Replies: 19
Views: 2097

Re: Home upgrade question

Good points, this has been very helpful. As for DIY, I've already done many things to the basement DIY - replaced insulation, new sheetrock and ceiling, and a very crude 1/2 bath which would not be appropriate for dad. The reason for the contractor would be to make it "legal" - adding a 2nd exit, p...
by Ybsybs
Wed Oct 16, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for college savings
Replies: 20
Views: 2000

Re: Suggestions for college savings

I'd use the 529, if your retirement is in good shape, just make sure to save some space for the college opportunity fund (tax credit). https://www.irs.gov/newsroom/american-opportunity-tax-credit-questions-and-answers Maybe Livesoft will chime in on this. Thank you for mentioning this and sharing t...
by Ybsybs
Tue Oct 15, 2019 10:21 am
Forum: Personal Investments
Topic: 529 funding strategy/ inlaw debt management
Replies: 16
Views: 927

Re: 529 funding strategy/ inlaw debt management

Protect yourself from other people's debts by refusing to be a co-signer and keeping from being added to accounts. We support my inlaws because they failed to keep their financial house in order. I understand wanting to save them. But for the good of your relationship, I suggest you not pay off thei...
by Ybsybs
Tue Oct 15, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for college savings
Replies: 20
Views: 2000

Re: Suggestions for college savings

The one caveat I have for 529 savings is that if you have Roth IRA space unused, I suggest you max that out with your earmarked college savings money before putting it in a 529.
by Ybsybs
Tue Oct 15, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for college savings
Replies: 20
Views: 2000

Re: Suggestions for college savings

I also intend to save with the goal of funding an undergraduate education for each of my children. I'm a fan of the Vanguard Age-Based funds from my 529 contributions. The frequent desire to maximize student financial aid by NOT saving is misguided since aid is likely to be loans not grants. This is...
by Ybsybs
Sun Oct 13, 2019 4:06 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on clothing?
Replies: 38
Views: 2987

Re: How much do you spend on clothing?

This depends a ton on what industry you are in and your specific position. Our clothing budgets aren't likely to be very helpful for you. But since you mention kids... What ages? Are you open to second hand clothing for them? Once Upon A Child franchises may have good deals especially for clothes fo...
by Ybsybs
Sun Oct 13, 2019 3:59 pm
Forum: Personal Investments
Topic: Struggling to understand emergency fund math
Replies: 26
Views: 2562

Re: Struggling to understand emergency fund math

I like having enough in laddered CDs to cover twelve months of current living expenses with one of two jobs lost. In the case where one of us were unexpectedly without pay, we most likely would be cutting back in most areas so the extra money would probably last more than twelve months. We would als...
by Ybsybs
Mon Oct 07, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: FERS Annuity: after tax paycheck deduction
Replies: 8
Views: 784

Re: FERS Annuity: after tax paycheck deduction

That's an interesting idea. Does reducing your payments in reduce your ultimate payments out though?
by Ybsybs
Fri Oct 04, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: [When my children marry, should they sign a pre-nuptial agreement?]
Replies: 95
Views: 8622

Re: Daddy I'm engaged! Pre-nup?

I'm imagining myself as one of the young adults in this situation. I think being told that there maybe a large inheritance coming is not particularly helpful. Ideally, the OP and spouse will live a long time such that any inheritance happens when the young adult is in his/her fifties or sixties. The...
by Ybsybs
Thu Oct 03, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Wedding Finances-Today
Replies: 107
Views: 9432

Re: Wedding Finances-Today

This. We had a lavish wedding and greatly enjoyed ourselves. Over a decade later, family and friends still mention what a wonderful time they had. My only money regret is not buying going with a photographer who would sell us electronic files of our wedding photos. We got a beautiful album and, in t...
by Ybsybs
Thu Oct 03, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Wedding Finances-Today
Replies: 107
Views: 9432

Re: Wedding Finances-Today

Based on my brother's wedding two years ago, heavy appetizers were MORE expensive than a regular buffet line. The caterers explained that making 50 individual bacon-wrapped scallops (or whatever) was much more time intensive for the chef than making seared scallop linguine for 50.
by Ybsybs
Thu Sep 26, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 21543

Re: financially clueless senior MIL who thinks she’s rich

Let's say her expenses are $5k a month ($4k community + $1 other stuff). If she ends up with $390k (that $200k of savings mentioned and $190k from the house), it's roughly $3k draw down per month after social security of $2k. That means she's got around ten and a half years of expenses. If she runs ...
by Ybsybs
Fri Sep 13, 2019 1:37 pm
Forum: Personal Consumer Issues
Topic: Need gift ideas for my parents
Replies: 18
Views: 1531

Re: Need gift ideas for my parents

My parents have pretty much everything they would want, which is why it’s tough to think of good gifts for them. Ideally, I want this gift to be on the pricier side ($1,000+ per person). I also know they do not want experiences (i.e. spa, vacation). Can you help me think of some good gifts? What ha...
by Ybsybs
Fri Sep 13, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: Need gift ideas for my parents
Replies: 18
Views: 1531

Re: Need gift ideas for my parents

Jewelry if you can find a designer who could reliably make something in a style that'd be appreciated. A service gift like house cleaning or snow removal or yard mowing for a season, if those wouldn't come across as an insult to the current maintenance of the home. A top of the line television. Cert...
by Ybsybs
Fri Sep 13, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Managing joint finances when one is a perfectionist
Replies: 122
Views: 8740

Re: Managing joint finances when one is a perfectionist

The term 'finance mom' sounds really bad. But you can have a good relationship where one person in the couple does the financial planning and both are happy with it. (This describes my marriage of fourteen years and counting.) We both agree to a budget and I keep him informed generally. We have a mo...
by Ybsybs
Wed Sep 11, 2019 1:46 pm
Forum: Personal Consumer Issues
Topic: Long term storage of clothes
Replies: 21
Views: 1736

Re: Long term storage of clothes

Off season clothes can be fine in the back of a closet or in a box in the basement. Wedding dress storage has a small industry around it. Many drycleaners will give it a cleaning and return it to you in a box that ought to help it last twenty or forty years until the next generation can politely dec...
by Ybsybs
Wed Sep 11, 2019 10:17 am
Forum: Personal Investments
Topic: How to handle 529 with full scholarship
Replies: 13
Views: 1559

Re: How to handle 529 with full scholarship

As a service academy graduate myself, I encourage you to consider leaving the money in the 529 for now. You and he certainly hope USMA is a great place for him and that he does extremely well there. However, some do find that attending a service academy is not a good fit. Others thrive there but lea...
by Ybsybs
Fri Aug 30, 2019 10:41 am
Forum: Personal Consumer Issues
Topic: Baby Gift Suggestions
Replies: 14
Views: 824

Re: Baby Gift Suggestions

If you are looking to spend a bit more, there's a good chance they'll need a new carseat either for the newest one because the seats expire or for the oldest as everyone moves up.
by Ybsybs
Fri Aug 30, 2019 10:35 am
Forum: Personal Consumer Issues
Topic: Baby Gift Suggestions
Replies: 14
Views: 824

Re: Baby Gift Suggestions

I greatly appreciated things for the new kid that were loved and consumed by the older sibling: Pacifiers (especially the kind with a stuffed animal attached which allowed the baby to hold it himself sooner) Diapers Wipes Board books (Some kids really like to sink their teeth into a good book.) Teet...
by Ybsybs
Thu Jun 27, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Aging Parents & Finances
Replies: 49
Views: 6391

Re: Aging Parents & Finances

They are worried that if my Mom goes into a nursing home, it's going to eat up all of their assets. It's a shady situation and I'm trying to be the voice of reason for everyone. In general— at the point where one spouse goes onto Medicaid, hopefully after paying the bill privately for a while to ex...
by Ybsybs
Wed Jun 12, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Share financial info with family?
Replies: 26
Views: 3139

Re: Share financial info with family?

I chose to print a letter that I have in a binder with our current wills and our trust document. I've told the person we've selected as guardian for our children that this letter exists, where to find it, and what to expect in it. The letter is legally non-binding (I made sure of this with the lawye...
by Ybsybs
Sat Jun 08, 2019 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a home in a resort community?
Replies: 24
Views: 4221

Re: Should I buy a home in a resort community?

You may want to try renting in the off season too. Some places seem to roll up the sidewalks and you may or may not like that.
by Ybsybs
Fri Jun 07, 2019 9:53 am
Forum: Personal Consumer Issues
Topic: Are we downsizing too much?
Replies: 63
Views: 5272

Re: Are we downsizing too much?

It’s all relative. My goal in life is to live in a 120 sq ft “tiny house”, and I’ve lived in my car before. So my current 1800 sq ft is overkill — I use less than half of it. But my folks are looking to move into their retirement home, and insist on something bigger than the 2400 sq ft they've live...
by Ybsybs
Thu Jun 06, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: W4 changes after getting married and having a baby
Replies: 10
Views: 688

Re: W4 changes after getting married and having a baby

Hi- I got married in December 2018 and we filed jointly for 2018. We had a baby in January 2019. I'm confused about if I should change my W4 withholding. I'm confused because I always heard that once you have a baby you get a favorable tax credit, hence everyone around me willing Baby to arrive on ...
by Ybsybs
Wed Jun 05, 2019 5:28 pm
Forum: Personal Consumer Issues
Topic: Resort vacation w/ 6 month old...?
Replies: 30
Views: 1960

Re: Resort vacation w/ 6 month old...?

For the plan of pool time, you may want to make sure the kid will be a full six months old. Sunscreen is typically not okay for under six months old and babies can sunburn very easily.
by Ybsybs
Mon Jun 03, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Confirm my Understanding of Estimated Taxes
Replies: 15
Views: 1612

Re: Confirm my Understanding of Estimated Taxes

I go for withholding 100% of what was owed last year. You can know for sure what was owed last year. This year's income and resulting taxes can surprise you.
by Ybsybs
Thu May 09, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Why is Social Security pushing retroactive benefits?
Replies: 32
Views: 4083

Re: Why is Social Security pushing retroactive benefits?

Social security is actuarially neutral, in theory anyway. Shouldn’t really matter to them if you take it at 69.5 or 70. While at one point the taking of benefits at 62 vs 70 was at least arguably actuarially neutral, it's not now because life expectancies have increased without the benefit payouts ...
by Ybsybs
Wed May 08, 2019 9:13 pm
Forum: Personal Consumer Issues
Topic: life insurance
Replies: 15
Views: 1263

Re: life insurance

If the money is intended for funeral expenses, those can also be prepaid. It can be a lot easier to avoid the upsells if it's you choosing your own instead of choosing for a beloved spouse you just lost.