Search found 3092 matches

by sawhorse
Sat Nov 17, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 96
Views: 8006

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Those of you suggesting to save $22K/year, or 30% of your gross pay, or 1/3 of your salary, etc. - these are great suggestions, but hard to implement at lower income levels. For example, it's hard to save $22K/year when earning $35K/year. I think it's misguided to say people who aren't millionaires...
by sawhorse
Fri Nov 16, 2018 2:38 am
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 96
Views: 8006

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Thank you sawhorse your point on health is clearly out of ones control and absolutely changes everything. Yes, which is why I urge people to have disability insurance if they can get it. I wasn't able to get a policy due to pre-existing conditions, but if you're healthy, it's a good idea to get ins...
by sawhorse
Fri Nov 16, 2018 2:27 am
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6503

Re: Wait, do I need a prenup?

I can't say whether you should get a prenup, but if you decide to get one, I urge you not to just have your attorney draft something and present it to her. Rather, use a mediation approach whereby you both have attorneys negotiate a mutually acceptable agreement. Her parents may want some say. Here ...
by sawhorse
Fri Nov 16, 2018 1:51 am
Forum: Personal Consumer Issues
Topic: Cremation seminar – with complimentary lunch
Replies: 50
Views: 3060

Re: Cremation seminar – with complimentary lunch

I have nothing to add other than to say that I find the concept - listening to a cremation seminar while eating - pretty surreal. I would be tempted to go for the experience :P
by sawhorse
Fri Nov 16, 2018 1:21 am
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 96
Views: 8006

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Something worth thinking about: Accumulating wealth sometimes involves being more selfish than one might feel is acceptable and/or act in questionable ways. I know a woman who takes care of her brother with severe cerebral palsy. Her brother lives with her, and she spent a lot of money renovating he...
by sawhorse
Fri Nov 16, 2018 1:06 am
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 96
Views: 8006

Re: How Long / Hard To Become a Millionaire on Under $100k Income

By the way, the hardest I ever worked was when I was earning minimum wage. I worked many many hours for $6 an hour. Several of my co-workers worked three jobs. They will never be millionaires. For some, that was destined from literally before they were born due to their country of birth and their p...
by sawhorse
Fri Nov 16, 2018 12:34 am
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 96
Views: 8006

Re: How Long / Hard To Become a Millionaire on Under $100k Income

One thing to keep in mind is that net worth fluctuates. Many people during the housing bubble were millionaires due to the value of their homes. Then the housing market crashed. Same with stock market ups and downs. Life events also affect trajectory. Kids will totally alter the trajectory. In my e...
by sawhorse
Thu Nov 15, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 96
Views: 8006

Re: How Long / Hard To Become a Millionaire on Under $100k Income

One thing to keep in mind is that net worth fluctuates. Many people during the housing bubble were millionaires due to the value of their homes. Then the housing market crashed. Same with stock market ups and downs. Life events also affect trajectory. Kids will totally alter the trajectory. In my ea...
by sawhorse
Thu Nov 15, 2018 10:04 pm
Forum: Personal Consumer Issues
Topic: My experience with iPhone6s battery replacement
Replies: 14
Views: 1059

Re: My experience with iPhone6s battery replacement

I refuse to give up my Samsung Note 3 because it has a removable battery. I just ordered my fourth. For $12 my battery life is like new again.
by sawhorse
Thu Nov 15, 2018 10:01 pm
Forum: Personal Consumer Issues
Topic: Did millennials really get the short straw?
Replies: 16
Views: 1986

Re: Did millennials really get the short straw?

Time will tell. One thing is for certain, it costs more today to get the same jobs. Jobs that previously required a high school diploma more require a college degree. Jobs that required a college degree now require a masters degree. When you couple that with tuition that has increased much faster th...
by sawhorse
Thu Nov 15, 2018 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Oops! Edward Jones tops Vanguard in customer survey
Replies: 50
Views: 5088

Re: Oops! Edward Jones tops Vanguard in customer survey

Vanguard customer service has problems, as threads on this board have shown. When your account fees are so low, something has to give. I honestly wish they would raise the expenses by a tiny amount and use that to improve their customer service, IT department, and record keeping department. Edward J...
by sawhorse
Thu Nov 15, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: LifePath Fund 2040
Replies: 4
Views: 226

Re: LifePath Fund 2040

Last time I checked, which was about two years ago, Blackrock's target retirement funds had a more aggressive allocation than just about any other provider's target retirement funds. Vanguard was also quite aggressive. Fidelity less so and TSP the least aggressive. My point is, if you're switching, ...
by sawhorse
Thu Nov 15, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 96
Views: 8006

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Cost of living in the area is a huge factor. As is student debt. As is whether you have children. As are medical expenses for yourself or family members. It comes down to savings, and it's harder to save in certain situations. In terms of being a millionaire, that means a lot more in some places tha...
by sawhorse
Thu Nov 15, 2018 2:38 am
Forum: Personal Finance (Not Investing)
Topic: How to deposit cash in online account with no local branch
Replies: 45
Views: 4582

Re: How to deposit cash in online account with no local branch

For the amount in your case (less than $1000), I would just have kept it around as some emergency cash or to pay at places that only accept cash or offer a discount for cash.
by sawhorse
Wed Nov 14, 2018 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Does it ever make sense to pay more tax intentionally?
Replies: 15
Views: 1594

Re: Does it ever make sense to pay more tax intentionally?

I don't intentionally overpay taxes, but I have intentionally overpaid estimated taxes because the credit card fee was less than the credit card rewards.
by sawhorse
Wed Nov 14, 2018 6:12 pm
Forum: Personal Consumer Issues
Topic: Dentists/Dental Professionals: Front Crowns?
Replies: 19
Views: 1317

Re: Dentists/Dental Professionals: Front Crowns?

Go to a dental school for a second opinion. My husband was told by a dentist that he needed work on 7 teeth. He went to a dental school for a second opinion, and they said he only needed work on one tooth, and that work was more minor than the first dentist insisted. Dental schools don't have an inc...
by sawhorse
Wed Nov 14, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: Direct Primary Care-Anyone use it?
Replies: 40
Views: 3126

Re: Direct Primary Care-Anyone use it?

I have another patient with an artificial heart valve. Owns an upholstery repair business, no health insurance. Before he joined my practice, he had to pay cash $108 once or twice a month for a lab to check his INR (how thin his blood is). As a member of my practice, the same blood test costs him $...
by sawhorse
Tue Nov 13, 2018 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Old 401k from employer roll over to Vanguard IRA??
Replies: 4
Views: 344

Re: Old 401k from employer roll over to Vanguard IRA??

Welcome to the forum. First, you may want to see if you can roll over your old 401k into your new plan if the fund selection and costs are reasonable. There are some additional protection of your assets inside a 401k versus a rollover IRA. These vary by state, so may be worth a Google search before...
by sawhorse
Tue Nov 13, 2018 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Transfering from 401K yearly into trad IRA question
Replies: 18
Views: 780

Re: Transfering from 401K yearly into trad IRA question

What are the advantages and disadvantages to transfer 401K funds into Trad IRA in general? Advantages: Greater control over your investment options. With 401ks you are limited to the options and fees your employer offers. You can also potentially transfer from your IRA to a 401k or TSP at a future ...
by sawhorse
Tue Nov 13, 2018 6:44 am
Forum: Personal Consumer Issues
Topic: Direct Primary Care-Anyone use it?
Replies: 40
Views: 3126

Re: Direct Primary Care-Anyone use it?

That's my problem with it. It's basically primary care only. I mentioned that I previously had two primary care doctors who would have been worth the fee. That's because, in addition to being very nice knowledgeable accessible people, they handled a lot of things that other primary care doctors wou...
by sawhorse
Mon Nov 12, 2018 11:04 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 102
Views: 7893

Re: Granddaughter needs $ help for university

To be candid, it sounds on the face of it as if your granddaughter has chosen a very expensive school she and her mother cannot afford, a bad choice under their circumstances which should not really become your problem to address for them. Considering that she has $50k in scholarships, it's quite p...
by sawhorse
Mon Nov 12, 2018 10:49 pm
Forum: Personal Consumer Issues
Topic: Direct Primary Care-Anyone use it?
Replies: 40
Views: 3126

Re: Direct Primary Care-Anyone use it?

Not ideal, I agree. But if patients are fed up with their HMO and want to see me, I am happy to work with them as long as they realize it may be clunky. As for the HMO docs, they get paid the same whether the patient comes to see them or not , and they are already overwhelmed with their own workloa...
by sawhorse
Mon Nov 12, 2018 10:46 am
Forum: Personal Consumer Issues
Topic: Direct Primary Care-Anyone use it?
Replies: 40
Views: 3126

Re: Direct Primary Care-Anyone use it?

My average monthly fee is about $50 per month, ranging from $15 per month to $85 per month based on age. Wow, that sounds very good. Is everything except lab tests included in your fee, or do you charge for things like home visits, hospital visits, etc? I've had two excellent primary care doctors i...
by sawhorse
Mon Nov 12, 2018 9:09 am
Forum: Personal Consumer Issues
Topic: Direct Primary Care-Anyone use it?
Replies: 40
Views: 3126

Re: Direct Primary Care-Anyone use it?

What happens if you sign up and are unhappy with the quality of the doctor? Are you locked in for a year? Also, do HMOs that require referrals for specialists accept referrals from concierge primary care doctors? There are two primary care doctors I had in the past that I would have been happy to pa...
by sawhorse
Sun Nov 11, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA R1 With Painfully High Expenses - stuck?
Replies: 34
Views: 1918

Re: TIAA R1 With Painfully High Expenses - stuck?

One portfolio to consider is 50% Traditional, 50% CREF Stock. Why consider it? It was Ben Bernanke's portfolio for his retirement account from his years at Princeton. It was revealed when he had to declare his financial accounts as Federal Reserve chairman.
by sawhorse
Sun Nov 11, 2018 1:17 am
Forum: Investing - Help with Personal Investments
Topic: TIAA R1 With Painfully High Expenses - stuck?
Replies: 34
Views: 1918

Re: TIAA R1 With Painfully High Expenses - stuck?

What version of TIAA Traditional does she have?
by sawhorse
Sat Nov 10, 2018 9:10 pm
Forum: Personal Consumer Issues
Topic: Which one: Lyft or Uber?
Replies: 57
Views: 4263

Re: Which one: Lyft or Uber?

Many drivers drive for both. A dear childhood friend is one of them, and he told me that Lyft is better for drivers than Uber. That's why I use Lyft. Please tip. Tips are what keep the drivers driving. Without tips they often lose money. People who are driving for Uber/Lyft are often really struggli...
by sawhorse
Sat Nov 10, 2018 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Did VG make a mistake on my 1099R?
Replies: 7
Views: 910

Re: Did VG make a mistake on my 1099R?

OP here. Have not yet had time to phone VG -- that will have to be tomorrow -- but even if they won't re-issue the 1099R, I am not inclined to just roll over and give the $1800 to the IRS, since it's VG who screwed up. I'll probably try to make such an argument to the IRS and see what happens. BTW,...
by sawhorse
Fri Nov 09, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard customer service
Replies: 12
Views: 1674

Re: Vanguard customer service

Yes, Vanguard customer service is very hit or miss. The ones outside normal business hours tend to be miss. There have been several threads on this so it's not an isolated problem.
by sawhorse
Fri Nov 09, 2018 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4805

Re: Doing taxes by hand

I always did my taxes by hand until three years ago when I started having to report sales of capital assets from multiple accounts. I love the fact that H&R Block software lets you log in to your account at those companies (Vanguard, Fidelity, etc), and all that information is automatically download...
by sawhorse
Thu Nov 08, 2018 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help Pick Funds for 401K
Replies: 6
Views: 538

Re: Help Pick Funds for 401K

Can you tell me why you don’t use TIPS? I’m still learning all of this stuff. I appreciate your tips on the other funds. The only advantage of TIPS over nominal Treasuries is that TIPS provide a explicit hedge against unexpected inflation. For an investor who is relatively young (under age 50, say)...
by sawhorse
Thu Nov 08, 2018 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Workplace 401k Fees being added
Replies: 7
Views: 876

Re: Workplace 401k Fees being added

One thing to consider with rolling it to an IRA is protection from lawsuits. 401ks are protected from lawsuits in all states whereas IRA protection depends on the state. For this reason we moved my husband's IRA into his 401k even though the fees are higher in the 401k.
by sawhorse
Thu Nov 08, 2018 9:38 am
Forum: Personal Consumer Issues
Topic: Best LSAT course?
Replies: 20
Views: 1004

Re: Best LSAT course?

I got a 178 on the LSAT. The only preparation I did was practice on the actual past versions of the test. A lot of them are available. There is no substitute for the real thing.
by sawhorse
Thu Nov 08, 2018 9:33 am
Forum: Personal Consumer Issues
Topic: Home Design CAD program for Mac or iPad
Replies: 7
Views: 498

Re: Home Design CAD program for Mac or iPad

Here's a website that talks about the various software available.

https://www.b4ubuild.com/site/links/cad ... -software/
by sawhorse
Thu Nov 08, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Home Design CAD program for Mac or iPad
Replies: 7
Views: 498

Re: Home Design CAD program for Mac or iPad

Chief Architect is great. I'm not sure if they have a Mac version, but I'd be surprised if they don't. It's worth it to get the professional version if you're serious about controlling all the aspects of the construction. If you're just looking for superficial design and not nitty gritty like electr...
by sawhorse
Wed Nov 07, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11678

Re: If expenses are low, are some of us over saving?

One thing to keep in mind is that the final years of life can often cost a ton. Medicare will cover doctors/hospitals, prescriptions, etc, but it doesn't cover long term care. Long term care easily can run over $100k a year. I suppose those with long term care insurance have less to worry about.
by sawhorse
Wed Nov 07, 2018 3:23 am
Forum: Investing - Help with Personal Investments
Topic: 403B, is mine even worth it?
Replies: 10
Views: 907

Re: 403B, is mine even worth it?

jwils118 , welcome to the forum. Any suggestions? The only way to see what's best is to contact every custodian on the list and get their options. You need the fund names, ticker symbols, and plan expense ratios. Plus you need the custodian's extra maintenance fees, etc. Just a couple of decent low...
by sawhorse
Wed Nov 07, 2018 3:18 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11003

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

When talking about "flyover country" one thing to keep in mind is that even a smallish farm is a million dollar business so it is a lot more complex than thinking of it as some sort of economic wilderness. You mean like a smallish dental office? Do those farms employ financial annalists or speech r...
by sawhorse
Tue Nov 06, 2018 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11003

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

This thread reiterates that a college town in flyover country is the best place to live. :sharebeer Very much so if you can get a job. The problem is that in college towns (as opposed to cities that happen to have a major college), employment is very much dependent on the university. There aren't m...
by sawhorse
Tue Nov 06, 2018 12:14 am
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7022

Re: 401k/IRA contribution limits rise for 2019...

sawhorse wrote:
Mon Nov 05, 2018 1:36 am
Thanks for this info! Are the income thresholds the same as now for IRAs?
No one can answer this question?
by sawhorse
Mon Nov 05, 2018 1:36 am
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7022

Re: 401k/IRA contribution limits rise for 2019...

Thanks for this info! Are the income thresholds the same as now for IRAs?
by sawhorse
Mon Nov 05, 2018 1:35 am
Forum: Investing - Help with Personal Investments
Topic: Maxed out 457b and Roth, now what?
Replies: 11
Views: 847

Re: Maxed out 457b and Roth, now what?

Have you actually looked through all the plan options for the 403b? I've seen otherwise bad plans with one or two good options, usually an index fund or a stable value fund. All you need is one or two decent options.
by sawhorse
Mon Nov 05, 2018 1:02 am
Forum: Personal Consumer Issues
Topic: Dentist replaced crown a few months back and now I'm told the tooth needs to be pulled!
Replies: 49
Views: 3435

Re: Dentist replaced crown a few months back and now I'm told the tooth needs to be pulled!

I highly recommend going to a dental school to get a second opinion. They don't have an incentive to tell you that you need unnecessary work. My husband was told that he needed work on 7 teeth. He went to a dental school for a second opinion, and they found that only one tooth needed work, and the w...
by sawhorse
Sun Nov 04, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6111

Re: Do I need more than Original Medicare?

You only have to look at the recent thread on prescription prices to know that Part D is a must.

Even if your medications don't change, the prices might. By a lot.

https://nyti.ms/1VwDjCL
by sawhorse
Sun Nov 04, 2018 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching kids there is an ample amount of money
Replies: 108
Views: 7958

Re: Teaching kids there is an ample amount of money

I think it's important for kids to know that hard work is a usually necessary but absolutely insufficient requirement for wealth. They need to know that if they want to have a chance at being wealthy then they have to work hard. But they equally need to know that the janitor at school, the school bu...
by sawhorse
Sat Nov 03, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11003

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

Starfish wrote:
Sat Nov 03, 2018 2:13 pm
I did the same, but I disagree. It does cost money.
For example if you want to travel you need at least t fly and to take time off work. Both cost money.
Time off work yes, but you don't need to fly. Road trips in the United States and Canada are really fun.
by sawhorse
Fri Nov 02, 2018 10:47 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25643

Re: PSA: Don't buy a big house

I grew up in a family of 4 in a house that was 1200-1300 square feet. Not big by any means, but not small either. Then in high school we moved to a house that is 2100 square feet. We found that we continued to live like we were in a smaller house. Four of the rooms were basically unoccupied because ...
by sawhorse
Fri Nov 02, 2018 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4137

Re: 45% increase in marketplace insurance

+1. I was on an employer plan for part of the year and ACA for part of the year. Even the best, most expensive plan on the exchange doesn't include any of the top hospitals here. Yep. That’s why I’d argue that it is kind of meaningless in some markets to compare the ACA Exchange plan premiums and c...
by sawhorse
Fri Nov 02, 2018 5:53 pm
Forum: Personal Consumer Issues
Topic: The most you ever paid for a prescription
Replies: 80
Views: 3534

Re: The most you ever paid for a prescription

I told people not to feel sorry for the insurance companies because there were lots of pricing shenanigans going on behind the scenes between insurance companies, pharmacies, and drug manufacturers. Yes. If you model out the profits of the health insurers, drug manufacturers, and pharmacy benefit n...
by sawhorse
Fri Nov 02, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 11003

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

Another financial disadvantage of high cost areas is that ACA subsidies, prescription assistance programs, and many other financial assistance programs don't consider cost of living. For example, someone in a high cost area might be ineligible for an ACA subsidy or college financial aid because they...