https://www.ssa.gov/planners/retire/1943-delay.html
https://www.ssa.gov/oact/quickcalc/early_late.html
Search found 1694 matches
- Mon Nov 07, 2016 11:39 am
- Forum: Personal Finance (Not Investing)
- Topic: Social Security Monthly Increase By Delaying
- Replies: 12
- Views: 2619
- Mon Nov 07, 2016 11:02 am
- Forum: Personal Finance (Not Investing)
- Topic: 2017 ACA subsidies not available if elgible for Cobra?
- Replies: 17
- Views: 5976
Re: 2017 ACA subsidies not available if elgible for Cobra?
Yes, that is accurate.opus360 wrote:Question:
Once my employer healthcare coverage runs out in March 2017, I can go on ACA/Obamacare instead of COBRA under the "special enrollment" period for 2017. Is that accurate?
- Sun Nov 06, 2016 8:39 am
- Forum: Personal Finance (Not Investing)
- Topic: 27/m. Wanting to Quit My Job. Any Words of Wisdom?
- Replies: 55
- Views: 10464
Re: 27/m. Wanting to Quit My Job. Any Words of Wisdom?
I have a 33yr old sister who has spent the past 6yrs "trying to find her passion." She has a BS, and a pair of MS' from 3 world renowned universities and left a solid job working at Columbia University as an archivist because she didn't love it. Since, she's become a certified esthetician, gone to culinary school, tried to get into being a tattoo artist, and is now trying to get into "food styling". She's gone through so many "passions' now that I lost count, all of which she very quickly hated. She is now severely depressed, forced to live in my mother's basement, working at a bakery just to pay the minimums on her school loans, and nearly on the brink of bankruptcy. She could quit trying to find her passion, get ...
- Sun Nov 06, 2016 8:27 am
- Forum: Personal Finance (Not Investing)
- Topic: 2017 ACA subsidies not available if elgible for Cobra?
- Replies: 17
- Views: 5976
Re: 2017 ACA subsidies not available if elgible for Cobra?
That particular ship has already sailed. The OP already chose to take COBRA coverage. See: "I am currently on cobra and am exploring options."susa wrote:From healthcare.gov
" ... If you decide not to take COBRA coverage, you can enroll in a Marketplace plan instead. ... "
https://www.healthcare.gov/unemployed/cobra-coverage/
- Sun Nov 06, 2016 8:23 am
- Forum: Personal Finance (Not Investing)
- Topic: 2017 ACA subsidies not available if elgible for Cobra?
- Replies: 17
- Views: 5976
Re: 2017 ACA subsidies not available if elgible for Cobra?
======================================================================================= Firstname Lastname – You don't qualify for a tax credit because you told us that you can get qualifying coverage through a job, or that you’re enrolled in other coverage like Medicare or Medicaid. ======================================================================================= You don't have a job. And you aren't enrolled in other coverage like Medicate or Medicaid. I clearly stated during the sign up process that I am no longer employed, but indicated that I was currently covered by cobra, and was eligible for Cobra until 11/30/2017.. which is factual. So.. I remain confused.. it looks to me like the fact that I am "eligible" for Cobra...
- Sun Nov 06, 2016 7:01 am
- Forum: Personal Finance (Not Investing)
- Topic: 27/m. Wanting to Quit My Job. Any Words of Wisdom?
- Replies: 55
- Views: 10464
Re: 27/m. Wanting to Quit My Job. Any Words of Wisdom?
Take a vacation if you haven't had one recently. Clear your mind. Then think things through from a more relaxed perspective. Decide what you want. Then make a move.EzM wrote:Any advice? I'm really considering quitting to take a sabbatical and just study for my final CFA exam next year. Potentially move to a different city or be closer to family. (I probably just need a therapist, right?...)
Then, find your next job before you quit this one. Jumping from a paying job into financial pressure isn't good for you.
Study for your CFA exam in your free time. Don't take a sabbatical from work.
- Sat Nov 05, 2016 6:05 pm
- Forum: Personal Consumer Issues
- Topic: Which state to move for milder weather
- Replies: 118
- Views: 21292
Re: Which state to move for milder weather
States are pretty big places, so your requirements don't narrow things down much.
Southern California has milder weather than Michigan. San Diego is very, very nice.
Southern California has milder weather than Michigan. San Diego is very, very nice.
- Sat Nov 05, 2016 6:00 pm
- Forum: Personal Consumer Issues
- Topic: MacBook Air/ Chromebook
- Replies: 37
- Views: 7111
Re: MacBook Air/ Chromebook
The cheapest MacBook at Best Buy is around $900. Even with $100 off that price simply isn't competitive with a ChromeBook.harrychan wrote:I would stick with macbook. At bestbuy, they frequently have $100 off as long as you buy with a .edu e-mail address.
Unless you come up with a reason other than "$100 off", this isn't a very compelling argument.
The decision between the two basically comes down to:
- do you have some technical reason that Apple products are preferable? (that would be very rare for a non-technical person)
- how much more are you willing to pay for the name "Apple" attached to your consumer product?
- Sat Nov 05, 2016 5:27 pm
- Forum: Investing - Theory, News & General
- Topic: Slipping last few days- time to buy now or wait until after 11/8?
- Replies: 99
- Views: 18661
Re: Slipping last few days- time to buy now or wait until after 11/8?
I don't think I understand your point.MindBogler wrote:Election "uncertainty" is nothing more than an excuse for emotional behavior, volatility and profit taking.
Are you saying that widespread emotional behavior, volatility and profit taking don't move markets?
- Sat Nov 05, 2016 5:19 pm
- Forum: Investing - Theory, News & General
- Topic: WSJ: article purged from online? "Indexing. . "
- Replies: 3
- Views: 1734
Re: WSJ: article purged from online? "Indexing. . "
http://www.wsj.com/articles/indexing-do ... 1477606975
I'm not seeing any conspiracy here. I am sensing some paranoia.
I'm not seeing any conspiracy here. I am sensing some paranoia.
- Sat Nov 05, 2016 3:07 pm
- Forum: Personal Consumer Issues
- Topic: MacBook Air/ Chromebook
- Replies: 37
- Views: 7111
Re: MacBook Air/ Chromebook
Unless you use an online version of tax software.FrugalInvestor wrote:but specialty products like tax software will not run on a Chromebook.
Just like word processors, spreadsheets, email, etc - there is no need for locally-installed tax software these days except for a very few cases.
- Sat Nov 05, 2016 2:50 pm
- Forum: Investing - Theory, News & General
- Topic: Slipping last few days- time to buy now or wait until after 11/8?
- Replies: 99
- Views: 18661
Re: Post-election market trend?
No.iceport wrote:Ha! Removal of uncertainty? Doesn't that depend dramatically on how the election is resolved? Can you not envision an outcome that produces exploding uncertainty?joebh wrote:I know we don't market time here. And I know predictions are basically worthless.
But does anyone have an idea of where the market might head post-election?
If I were a timer and a predictor, what should I do post-election?
If I had to bet, I'd say that the market will get a nice post-election bump in the range of 3-5% pretty much immediately, with low volatility for a few months, due to the removal of some major uncertainty.
For good or for very bad, I think it will be very clear where the country is headed once the election is concluded.
- Sat Nov 05, 2016 1:25 pm
- Forum: Personal Finance (Not Investing)
- Topic: 2017 ACA subsidies not available if elgible for Cobra?
- Replies: 17
- Views: 5976
Re: 2017 ACA subsidies not available if elgible for Cobra?
I am currently on cobra and am exploring options. I went to the ACA site and input my information, and it appears that since I am "elgible" for cobra.. I am not elgible for any subsidy in 2017 even though my income will be much smaller in 2017 and would qualify for ACA subsidy based on 2017 income. After retiring in July, 2015, I stayed on COBRA for the second half of 2015, then signed up for ACA for 2016 during open enrollment. I got a significant subsidy. As far as I can tell your ability to choose COBRA instead has no impact on a potential ACA subsidy (at least in my state). To gain the subsidy, you may have to "prove" that your 2017 income will be significantly less than your 2016 income. It wasn't that hard to do i...
- Sat Nov 05, 2016 1:22 pm
- Forum: Investing - Theory, News & General
- Topic: Slipping last few days- time to buy now or wait until after 11/8?
- Replies: 99
- Views: 18661
Post-election market trend?
[Thread merged into here, see below. --admin LadyGeek]
I know we don't market time here. And I know predictions are basically worthless.
But does anyone have an idea of where the market might head post-election?
If I were a timer and a predictor, what should I do post-election?
If I had to bet, I'd say that the market will get a nice post-election bump in the range of 3-5% pretty much immediately, with low volatility for a few months, due to the removal of some major uncertainty.
I know we don't market time here. And I know predictions are basically worthless.
But does anyone have an idea of where the market might head post-election?
If I were a timer and a predictor, what should I do post-election?
If I had to bet, I'd say that the market will get a nice post-election bump in the range of 3-5% pretty much immediately, with low volatility for a few months, due to the removal of some major uncertainty.
- Sat Nov 05, 2016 8:31 am
- Forum: Personal Finance (Not Investing)
- Topic: Social Security While Working at Age 70
- Replies: 16
- Views: 4052
Re: Social Security While Working at Age 70
It's not about "allowing" you to defer. You must file for them.Zott wrote:I doubt that the SS Administration would allow someone age 70 to "defer"--they're legally required to pay.
If you don't file for your benefits you simply won't get them. The Social Security Administration will not just start sending you a check once you reach your 70th birthday.
- Sat Nov 05, 2016 8:29 am
- Forum: Personal Finance (Not Investing)
- Topic: Social Security While Working at Age 70
- Replies: 16
- Views: 4052
Re: Social Security While Working at Age 70
There is no reason for anyone to defer collecting social security benefits beyond the age of 70. Benefits will not increase by deferring.BachemFan wrote:I understand that social security benefits reach their maximum when one reaches age 70. Is there any reason why she should not begin receiving social security?
It would just be throwing money away.
- Sat Nov 05, 2016 8:23 am
- Forum: Personal Consumer Issues
- Topic: MacBook Air/ Chromebook
- Replies: 37
- Views: 7111
Re: MacBook Air/ Chromebook
She can easily do all of that on a Chromebook for far less.LuigiLikesPizza wrote:She is not a sophisticated user (FWIW) - email, surfing, documents, Facebook, annual tax software....
- Thu Nov 03, 2016 8:46 am
- Forum: Investing - Theory, News & General
- Topic: Slipping last few days- time to buy now or wait until after 11/8?
- Replies: 99
- Views: 18661
Re: Slipping last few days- time to buy now or wait until after 11/8?
It could indeed go up or down. Or it could stay the same.mj11711 wrote:Is it likely to go up or down at that point?
Don't time the market. If you have funds you want to invest and you feel the market will go up over the long run (as it always has), get the funds working for you now.
- Wed Nov 02, 2016 1:50 pm
- Forum: Personal Consumer Issues
- Topic: e-mail agent
- Replies: 19
- Views: 3968
Re: e-mail agent
I use gmail.
Haven't used an email agent in many, many years.
Haven't used an email agent in many, many years.
- Wed Nov 02, 2016 1:47 pm
- Forum: Personal Finance (Not Investing)
- Topic: Personal Finance Question for the Retired
- Replies: 27
- Views: 6122
Re: Personal Finance Question for the Retired
It often occurs to me that there's a certain amount of money that I fail to save or earn just due to the sheer fact that I am still working an often demanding full time job and have to carefully consider the value of my time in picking up any "side hustles" or how much time I want to devote to saving relatively small sums on consumable items (for example). I often see people ask the question here as whether the retired end up spending more in retirement due to the unexpected, but conversely, I am curious as to whether any of the retired here have found that their spending was lower than expected - for the reason cited above? (i.e. they find themselves with more time to pursue savings or side earnings, presumably a worthwhile use ...
- Tue Nov 01, 2016 1:30 pm
- Forum: Investing - Theory, News & General
- Topic: Paid off home. View as bond or cash in AA if you plan to sell in retirement?
- Replies: 32
- Views: 5576
Re: Paid off home. View as bond or cash in AA if you plan to sell in retirement?
For planning purposes, you could consider it a one-time lump sum cash infusion to your portfolio planned for the date in your future when you sell it.lostdog wrote:If you own your home and plan to sell it when you retire, do you view it as a bond/cash in your asset allocation?
Because you have no idea what it will be worth once you get around to selling it.Why hold bonds if I own my home and I plan to sell at retirement? My home is 30% of my networth.
- Sun Oct 30, 2016 6:52 am
- Forum: Personal Investments
- Topic: Selling old house. What to do with the $$s?
- Replies: 12
- Views: 3849
Re: Selling old house. What to do with the $$s?
c. Put some in kids 529tamudude wrote:So here is my question;
I am obviously going to put enough to get to 80% LTV so I can avoid PMI and escrow. Per my calcs that would be around $45k of the $250k. Any advice from fellow bogleheads as to what I should do with the rest?
a. Pay off car
b. Put $xxx/all in new home mortgage
c. Put it in kids 529
d. Increase emergency fund to 12 months
e. ???
Regards
tamudude
d. Increase emergency fund to 24 months
e. Taxable investments
f. Make sure you have enough life (and other) insurance
- Sun Oct 30, 2016 6:42 am
- Forum: Personal Consumer Issues
- Topic: Leaving Phone Chargers Plugged In
- Replies: 24
- Views: 9684
Re: Leaving Phone Chargers Plugged In
0) Don't own a vehicle.just frank wrote:IF you want to save energy or be green, roughly in order of importance:
1) Drive an efficient vehicle that meets your needs.
- Sun Oct 30, 2016 6:37 am
- Forum: Personal Finance (Not Investing)
- Topic: Better deal? [Comparing different mortgages]
- Replies: 8
- Views: 2087
Re: Better deal? [Comparing different mortgages]
These are the rates I received. How does one determine which one is the better deal since they are different lengths? 30-yrs @ 3.500% - 20-yrs @ 3.375% - 15-yrs @ 2.750% - Depends on what you will do with the extra money you retain each month from the longer term loans. E.g., if you need it for food and shelter, then you pretty much have to take the longer term. If you think you would invest the difference, then it depends what investment return you assume. E.g., between the 30 year and 20 year, if you get 3.82% or higher on your investment then the 30 year is better. Between the 30 year and 10 year you need 4.48% or higher for the 30 year to be better. Finally, between the 20 year and 15 year, if you get 5.73% or higher on your investment...
- Sun Oct 30, 2016 6:25 am
- Forum: Personal Consumer Issues
- Topic: Leaving Phone Chargers Plugged In
- Replies: 24
- Views: 9684
Re: Leaving Phone Chargers Plugged In
Most likely your meter isn't sensitive enough.Chip wrote:I checked a few of ours a while ago using my Kill A Watt meter. There was no current draw when the phone was not plugged in. There was also no draw when the phones reached a fully charged state. Both of those results surprised me.
- Sun Oct 30, 2016 6:25 am
- Forum: Personal Consumer Issues
- Topic: Leaving Phone Chargers Plugged In
- Replies: 24
- Views: 9684
Re: Leaving Phone Chargers Plugged In
They do use electricity when left plugged in.
But not very much.
See: http://www.howtogeek.com/231886/tested- ... sing-them/
But not very much.
See: http://www.howtogeek.com/231886/tested- ... sing-them/
- Sat Oct 29, 2016 4:57 pm
- Forum: Personal Consumer Issues
- Topic: Grocery Stores Employing Customers
- Replies: 59
- Views: 9533
Re: Grocery Stores Employing Customers
at our huge Kroger, we have about 20 lanes, usually 1 or 2 are actually open, and at least 3-4 people are in line at each one, each waiting their turn to be guilted into bagging because no one else is there to do it. If you are patient enough and insistent enough you won't be guilted into bagging. It's your choice. When I want to bag my own groceries, I do. When I don't want to, I wait until a bagger comes over or the cashier does it. And if you can't manage to load your groceries into your car, you can always ask for help. All grocery stores will send someone to do it for you, but not unless you ask. In my part of the country, Roche Brothers Supermarket baggers always accompany you to your car. I suspect many parts of the country have gro...
- Sat Oct 29, 2016 6:16 am
- Forum: Investing - Theory, News & General
- Topic: Why Doesn't the DOL Understan the Term "Fiduciary"?
- Replies: 21
- Views: 4406
Re: Why Doesn't the DOL Understan the Term "Fiduciary"?
Amen to that.MN Finance wrote:it's frequently clear to me that it's not the DOL who doesn't understand the meaning of fiduciary, but rather the posters here (not that I disagree with the outrage of certain practices, but outrage does not equate to a failure of fiduciary duty.)
There are a lot of confused people here. Certainly that has a lot to do with the anti-advisor leaning of the forum. But some folks seem to comment on things they clearly don't understand.
- Fri Oct 28, 2016 1:15 pm
- Forum: Investing - Theory, News & General
- Topic: Why Doesn't the DOL Understan the Term "Fiduciary"?
- Replies: 21
- Views: 4406
Re: Why Doesn't the DOL Understan the Term "Fiduciary"?
Huh? That makes no sense.dbr wrote:no investor can afford to pay what even a competent fiduciary advisor needs to charge to stay in business.
Plenty of investors can and do afford the fees charged by competent fiduciary advisors.
- Fri Oct 28, 2016 1:12 pm
- Forum: Personal Finance (Not Investing)
- Topic: Nanny Tax?
- Replies: 26
- Views: 7242
Re: Nanny Tax?
Yikes. You did things in exactly the wrong order.auggiedoggies wrote:Wife and I have an in home nanny that we have hired. We are in MN, and I have no idea how to pay taxes on her.
Hire a CPA right away. For a few hours of work, a good CPA should be able to get you educated and set up correctly.
You are an employer now. Employers are supposed to be able to deal with the appropriate taxes. This isn't something you want to mess around with.
- Fri Oct 28, 2016 1:02 pm
- Forum: Personal Investments
- Topic: Realistic to get annual 10%?
- Replies: 38
- Views: 7092
Re: Realistic to get annual 10%?
A 10% gain would be nice. A 50% gain would be better.raymondctchow wrote:I know everyone expects to have only 7-8% return annually but it would be nice to have a 10% gain.
But past performance is no guarantee of future results.
-34.60% is "did very well"?The fund also did very well in bad times in 2008.
- Fri Oct 28, 2016 12:48 pm
- Forum: Personal Finance (Not Investing)
- Topic: Quitting Job to Start a Business
- Replies: 51
- Views: 11570
Re: Quitting Job to Start a Business
I don't have a ton of money saved and other sources of income I can live off of. I'll be saving as much as possible over the next several months, but my friend and I will both be relying on paying ourselves from the business. We do expect margins to be high - it's the wedding industry after all. Based on our initial research I don't think it's unreasonable for us to both be able to live comfortable off the income while still growing, even in the first year. Expecting to be able to live off a startup's business income is risky. You should try to have that thought independently verified by someone with no stake in your game (not you, your partner, the other investor, or anyone else related to you). Perhaps SCORE could be of help in reviewing...
- Thu Oct 27, 2016 7:50 am
- Forum: Investing - Theory, News & General
- Topic: A new tilt to consider - ALL CAPS
- Replies: 35
- Views: 6771
Re: A new tilt to consider - ALL CAPS
I THINK THIS IS FASCINATING!
- Wed Oct 26, 2016 6:08 pm
- Forum: Personal Consumer Issues
- Topic: Help! "native_proxy.exe" What is it and what to do?
- Replies: 9
- Views: 4079
Re: Help! "native_proxy.exe" What is it and what to do?
Search with quotes around the term.spammagnet wrote:Note that the message cited refers to native_proxy.exe while Google searches result in information about nativeproxy.exe. The version with the underscore may be malware disguised as legitimate software.
Like this:
https://www.google.com/search?q=%22native_proxy.exe%22
- Wed Oct 26, 2016 6:14 am
- Forum: Personal Finance (Not Investing)
- Topic: Will the market go up or down after the election?
- Replies: 24
- Views: 4494
Re: Will the market go up or down after the election?
It might go up or down. It could stay the same.mfswatz9 wrote:Do Bogleheads think the market will go up or down after the November election regardless of the presidential nominee or will it be based on one candidate or the other?
- Tue Oct 25, 2016 6:38 pm
- Forum: Personal Consumer Issues
- Topic: Recommend a laptop and printer
- Replies: 16
- Views: 3256
Re: Recommend a laptop and printer
83 year old dad needs a new laptop and wireless printer. Wants a 17 inch screen. Uses computer principally for email, checking investments, etc. Thinking we'd pick up something at Best Buy. Recommendations please ..... I recommend bringing Dad with you to Best Buy. The two most important things on a laptop are Screen and Keyboard. And both are rather subjective. Have Dad try a few out and see what he prefers. I've been very happy with my Dell laptops. Also, if Dad had an old laptop, he may or may not want to upgrade to Windows 10. And if he's willing to learn a slightly new interface, and make do with a beautiful but smaller screen, I strongly recommend a Chromebook. My wife isn't technical at all, and she loves her Chromebook much more th...
- Tue Oct 25, 2016 2:43 pm
- Forum: Personal Consumer Issues
- Topic: Help! "native_proxy.exe" What is it and what to do?
- Replies: 9
- Views: 4079
Re: Help! "native_proxy.exe" What is it and what to do?
Is that the entirety of the message you see?Erwin wrote:Suddently about a month ago I began getting the following message "native_proxy.exe"
Does anyone know what it is; and what to do about it? I searched the internet and followed some suggestions without luck.
Try this (perhaps in a different browser): https://www.google.com/#q=what+is+native_proxy.exe
- Mon Oct 24, 2016 5:20 pm
- Forum: Personal Consumer Issues
- Topic: At Fault in Auto Accident - Insurance Complications?
- Replies: 16
- Views: 2354
Re: At Fault in Auto Accident - Insurance Complications?
Did you call the police to the scene of the accident?
Do you have a copy of their police report?
Do you have a copy of their police report?
- Sun Oct 23, 2016 11:14 am
- Forum: Personal Finance (Not Investing)
- Topic: Financial Planner - Spouse has no interest in investments
- Replies: 43
- Views: 7194
Re: Financial Planner - Spouse has no interest in investments
I've been unhappy with the $700K move. Returns are lower (no surprise there), fund management fees are needlessly high, and it bugs the heck out of me to spend $7,000 in fees on something that I've been doing okay on for 30 years. But I just don't know how to approach this differently with any level of comfort. My spouse agrees there is a certain value in going to the financial planner if something happens to me in order to discuss SS strategy, taxes, medicare, etc., but also knows I'm unhappy and is willing to figure out another approach. Spreadsheets, work sessions, financial books, etc just isn't going to happen. If the whole point of the $700k move was to provide financial advice for your wife in case of your passing, then consider the...
- Wed Oct 19, 2016 2:19 pm
- Forum: Personal Finance (Not Investing)
- Topic: Loan Not Being Repaid
- Replies: 41
- Views: 6275
Re: Loan Not Being Repaid
It depends on the written loan agreement.markbco wrote:The agreement is with company but includes a personal guarantee. What are my options if he doesn’t start making payments? Collection agency? Lawyer? Etc? Thanks!
Have your lawyer go over the document and suggest a course of action.
Yes, you could use a collection agency.
You could go after company assets.
You could also go after his personal assets.
Most likely your lawyer will draft a letter first.
- Wed Oct 19, 2016 7:00 am
- Forum: Investing - Theory, News & General
- Topic: The riskiness of home ownership
- Replies: 239
- Views: 26786
Re: The riskiness of home ownership
Do your car needs change that rapidly?topofthebellcurve wrote:Similarly, I'll probably just lease cars -- would rather "burn" $5,000/yr in lease payments and know I can optimize to my needs every 3 years. Isn't the average cost of car ownership like $8k/yr anyway?
- Tue Oct 18, 2016 6:39 pm
- Forum: Investing - Theory, News & General
- Topic: The riskiness of home ownership
- Replies: 239
- Views: 26786
Re: The riskiness of home ownership
Long story short, it is indeed the case that the range of costs is usually greater for home ownership than for renting: you can make a lot or lose a lot. On average, buying is the better decision for the price range of houses I'm looking at, but the potential downside is a bit daunting. Reinforces my inclination to buy something cheap. I don't have any particular questions here - just wondering if y'all have any input, or think that I'm going about this the wrong way. Would be happy to talk about the model a bit more. Making a lot shouldn't be the goal of housing. Choose housing that is right for the lifestyle you and your family need/want, without becoming house poor. If you are considering your home purchase decision as an investment, yo...
- Mon Oct 17, 2016 6:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: Hold on or Sell, help!
- Replies: 21
- Views: 2581
Re: Hold on or Sell, help!
I'm torn because I'm hearing advice from "just leave and start over" to "Are you crazy? don't sell your house", without much detail to support the "advice". The thought of being here for 13 more years struggling to keep it doesn't sound fun, but the idea of starting new in an apartment appeals to me though I know when I'm ready to get a house again I may regret not holding onto my childhood home. Not sure which venture is the best and would like as much detail to make an informed decision. Sell. If this weren't your childhood home, would you purchase the house now even if you couldn't actually afford it without 4 roommates? Hopefully not. Start anew with your own apartment. Find something that you can afford. ...
- Mon Oct 17, 2016 6:19 pm
- Forum: Personal Finance (Not Investing)
- Topic: Money lessons for a 3 year old
- Replies: 46
- Views: 5371
Re: Money lessons for a 3 year old
3 years old is far too young for an allowance and even basic money lessons.ThankYouJack wrote:My 3 year old is in a "I want that" phase and most of the stuff is small but I was thinking it could be a good time to teach her some basics of money. She has a piggy bank with about $35 in it. I'm also thinking about giving her an allowance. Maybe her age in dollars each week. She does basic chores but I have read and agree that kids shouldn't get money for chores.
I just plan on keeping things simple because I don't want her obsessing over money, but any tips from others who have been in a similar situation?
Instead, teach her that she can't always get what she wants. That's a better lesson to learn anyway.
- Mon Oct 17, 2016 6:11 pm
- Forum: Personal Finance (Not Investing)
- Topic: Refinancing After 1 Year
- Replies: 39
- Views: 5092
Re: Refinancing After 1 Year
Considering only these 2 alternatives, there is no downside to going with the refinancing.kerplunk wrote:What am I missing here? Is this somehow going to cost me more money long-term?
Other than my mortgage essentially turning into a 31-year mortgage, I can't think of any reason I shouldn't proceed.
However, you aren't necessarily limited to this one company. Shop around for an even better rate before you make up your mind.
- Thu Oct 13, 2016 10:55 am
- Forum: Personal Finance (Not Investing)
- Topic: Why is college savings compared to retirement?
- Replies: 62
- Views: 7175
Re: Why is college savings compared to retirement?
Because for many people, they don't have the income to fully do both at the same time.miamivice wrote:Can someone explain why saving for college is always compared to saving for retirement?
- Thu Oct 13, 2016 7:09 am
- Forum: Personal Investments
- Topic: Would my take-home pay increase if I switch from Roth 401(k) to Traditional?
- Replies: 4
- Views: 1222
Re: Would my take-home pay increase if I switch from Roth 401(k) to Traditional?
That is correct.njfastlife wrote:if i flip that to 16% Traditional, my taxable income comes down and my take-home comes up?
- Thu Oct 13, 2016 6:47 am
- Forum: Investing - Theory, News & General
- Topic: Market Timing in a Unique Situation
- Replies: 11
- Views: 2530
Re: Market Timing in a Unique Situation
With such a short time remaining, I think worrying about market timing is a mistake.teacher wrote:I don't know; perhaps timing even in this situation is a fool's errand.
Do the math, and see if Roth conversion makes sense or not. Then do it or don't do it. But if you try to "time" the market, you'll run out of "time".
- Wed Oct 12, 2016 2:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: Not For Profit Idea [Financial Literacy]
- Replies: 15
- Views: 2400
Re: Not For Profit Idea
I would like to help others to understand the financial options they have available before making a decision instead of simply taking the solution that is proposed by a financial institution or adviser. Has anyone thought about this financial literacy problem and what is the best way to fix it? I commend you on this thought! I have thought about this problem. I haven't found a "best way" to fix it, but I do believe education is always a positive. A few thoughts: - If you are looking to operate at a very local level, have you considered the Adult Education program in your community? At least where I live, they are always seeking proposals for new seminars and courses. I could easily imagine what you could offer becoming very popul...
- Wed Oct 12, 2016 1:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Not For Profit Idea [Financial Literacy]
- Replies: 15
- Views: 2400
Re: Not For Profit Idea
Can you post links to some of those studies?flyingbison wrote:Several research studies have found that financial education has little to no effect on financial decisions/behaviors.