Search found 69 matches

by chasingbutterflies
Sun Feb 23, 2020 1:12 pm
Forum: Personal Investments
Topic: Windsor II
Replies: 4
Views: 657

Re: Windsor II

When I opened my Roth in 1998 I bought windsor II. I did this on the advice of my Dad who recommended I open the Roth, gave me a list of investments and said 'choose one'. He was in Wellesley but I (being young and stupid) wasn't going to go into anything my Dad was in. I asked about Value stocks an...
by chasingbutterflies
Thu Dec 26, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2017
Replies: 66
Views: 3569

Re: Quicken 2017

Been using Quicken for 20 years now. Have 2015 version. It stopped updating in May 2018, but as I have always manually entered all my transactions I didn't upgrade. I started manually entering share prices every friday, other than that nothing has changed for me. I recently had to open 2 more accoun...
by chasingbutterflies
Fri Nov 29, 2019 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Follow Up: Husband's Surprise Debts
Replies: 370
Views: 37639

Re: Follow Up: Husband's Surprise Debts

I read an earlier comment about increasing withholdings from your SS and paycheck. You may want to consider taking a percentage of DH's income when it comes in and putting it into another savings account for taxes. Say your tax rate is 25% then put 25 percent of every income check into a separate ac...
by chasingbutterflies
Mon Jul 29, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Forgiveness advice
Replies: 46
Views: 4495

Re: Student Loan Forgiveness advice

All PSLF qualifying loans are direct federal loans and all will need to be serviced by Fed Loan Servicing to qualify. You also need to be on a income based repayment system. If you want to pursue this option you need to look into transferring your loans to Fed Loan Servicing and make sure they're d...
by chasingbutterflies
Sun Jul 21, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan Forgiveness advice
Replies: 46
Views: 4495

Re: Student Loan Forgiveness advice

All PSLF qualifying loans are direct federal loans and all will need to be serviced by Fed Loan Servicing to qualify. You also need to be on a income based repayment system. If you want to pursue this option you need to look into transferring your loans to Fed Loan Servicing and make sure they're di...
by chasingbutterflies
Sat Jun 08, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Alternatives
Replies: 125
Views: 9499

Re: Quicken alternatives?

I'm on Quicken 2015 for Mac. The only think I've missed is the automatic price updates. I've been manually entering them once a week and they update whenever I enter a transaction. I've always been a manual updater and so losing the support really didn't bother me. I've had to open 2 accounts since ...
by chasingbutterflies
Tue May 07, 2019 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 8815

Re: Walk away from my auto lease?

As I read this I suspect the company is trying to get out of this by stating user error. Specifically that poor shifting with the clutch caused the transmission to fail. Now I am not a mechanic, but my father and brothers were all engineers and my father always did his own auto repair up to rebuildi...
by chasingbutterflies
Sun Dec 23, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Question about Disability Ins.
Replies: 3
Views: 538

Question about Disability Ins.

I'm an FP who just started in a new position with a very congenial group. Much happier there but they don't offer any disability insurance outside of Aflac which is a short term policy (90 days). I worked with a independent broker for a personal policy a few years ago and was able to get a rather ex...
by chasingbutterflies
Sat Nov 03, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Problems obtaining a free annual Equifax credit report online
Replies: 56
Views: 33860

Re: Problems obtaining a free annual Equifax credit report online

FYI I had this problem a few years ago before the breach with equifax. I requested the report online but I must have failed some of the questions. After that I was not able to get the report despite multiple requests by both phone and web. I had to send the request snail mail (as securely as I knew ...
by chasingbutterflies
Thu Jul 26, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone using a bill paying service?
Replies: 38
Views: 4689

Re: Is anyone using a bill paying service?

I have also switched to my bank's bill pay service. I have a few payee's that autodraw, mainly my student loans, but otherwise have switched to 'pushing' my payment from 'pulling' to avoid them taking more than they should. E bills are offered by the payee, not the institution. Only two of my payee'...
by chasingbutterflies
Wed Jul 11, 2018 6:09 pm
Forum: Personal Investments
Topic: Roth 403b rmd question
Replies: 14
Views: 882

Re: Roth 403b rmd question

Once you have withdrawn all your regular Roth contributions, you withdraw your conversions starting with the oldest conversions. Conversions more than 5 years old come out without tax or penalty, just like regular contributions. Under 5 years, conversions come out without tax but the 10% penalty ap...
by chasingbutterflies
Wed Jul 11, 2018 4:19 pm
Forum: Personal Investments
Topic: Roth 403b rmd question
Replies: 14
Views: 882

Re: Roth 403b rmd question

I have a question about the Roth's as well. I'm 45 currently and opened a roth in 1998. I have about 13k regular contributions in it but everything else is either a conversion or a 'backdoor' contribution. Am I right that until I'm 59 1/2 I can only withdraw the 13k without penalty? A backdoor contr...
by chasingbutterflies
Fri Jul 06, 2018 11:28 pm
Forum: Personal Investments
Topic: New job. Old 403b and Roth IRA
Replies: 6
Views: 658

Re: New job. Old 403b and Roth IRA

Agree with moving the Roth to Fidelity. You may also want to consider converting your old 403b to roth. You'll have to pay taxes on the amount but if you're just starting the new job your income for this year will be relatively low compared to future years. I would probably stick with traditional fo...
by chasingbutterflies
Fri Jul 06, 2018 8:43 pm
Forum: Personal Investments
Topic: New 403b options. What to use?
Replies: 8
Views: 540

Re: New 403b options. What to use?

I can't make direct contributions to a roth due to my income. If I rolled over the old 403b to an IRA I would then run into trouble doing a backdoor roth contribution due to the pro rata rule. I can do it but I'd have to pay taxes on the entire balance of money invested in an IRA. Not something I wa...
by chasingbutterflies
Fri Jul 06, 2018 7:53 pm
Forum: Personal Investments
Topic: New 403b options. What to use?
Replies: 8
Views: 540

New 403b options. What to use?

First a thanks to this community for your opinions! You were all very helpful when I started my last job 3 years ago. But now I'm moving on. Will be starting a new job this September and will need to start a new 403b. The company is smaller and the expense ratios are much higher. There is no match u...
by chasingbutterflies
Thu Feb 01, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 158
Views: 14541

Re: How risky is Med school student loan debt?

Another thing to keep in mind is that residency programs are not money making operations and rely on government funding through medicare to run. That money is not free flowing, and so the number of new residencies is still pretty low whatever the demand.
by chasingbutterflies
Thu Feb 01, 2018 12:08 am
Forum: Personal Finance (Not Investing)
Topic: How risky is Med school student loan debt?
Replies: 158
Views: 14541

Re: How risky is Med school student loan debt?

The stagnant numbers of residency slots are becoming a big problem with increasing numbers of MD and DO schools. I finished my first year of residency in Family Medicine in 2007 and then had to leave for personal issue. I was never able to get back in though I interviewed all over the country, sever...
by chasingbutterflies
Sat Dec 23, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 293
Views: 28964

Re: Do people still use AAA?

It's been well worth it for me. I usually just use for the discounts and such, but when I need to use the roadside service they've always come through but once. I actually used it for a friend who locked themselves out of their car while at work, no questions asked. The one time it didn't work for m...
by chasingbutterflies
Fri Dec 08, 2017 11:26 pm
Forum: Personal Investments
Topic: Bond vs Bond Fund? why funds?
Replies: 26
Views: 3722

Re: Bond vs Bond Fund? why funds?

I recommend checking into medicaid eligibility. Sounds like your dad did his homework in transferring assets to you. Medicaid has a 5 year look-back I believe for transferred assets but I don't think it will apply here. From a purely financial standpoint she should qualify for medicaid with no asset...
by chasingbutterflies
Fri Dec 08, 2017 11:07 pm
Forum: Personal Investments
Topic: Suddenly have money! Now what?
Replies: 8
Views: 2328

Re: Suddenly have money! Now what?

Congratulations on amassing such a sum! My advice would be to treat it as a windfall and not do anything for a bit. Just park it in high interest savings. Come the new year max out your roths for 2018 and then wait until July or August. Babies are expensive and you might find yourself needing a bit ...
by chasingbutterflies
Wed Nov 15, 2017 2:25 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 278
Views: 61939

Re: USAA 2.5% Cash Back Credit Card

I've been waiting for this card for a while now. Just called USAA and the rep said that it's now rolled back to just one state (Louisiana). I'm guessing will cease to exist soon. Guess I'll just have to be content with 2% for now! :annoyed
by chasingbutterflies
Wed Sep 06, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Protecting moms assets from nursing home expenses
Replies: 96
Views: 11368

Re: Protecting moms assets from nursing home expenses

What is the process of your Mom selling the house which is not in her name anymore? My In-Laws did the same, and I'm expecting a bureaucratic nightmare. I've not done it, but it shouldn't be too difficult. As trustee/beneficiary I 'own' the house but my parents cover all of the maintenance, taxes, ...
by chasingbutterflies
Tue Sep 05, 2017 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting moms assets from nursing home expenses
Replies: 96
Views: 11368

Re: Protecting moms assets from nursing home expenses

In response to leonidas, it was an irrevocable trust and yes it is subject to the 5 year rule. They chose it for insurance more than anything else as their assets and long term care insurance will most likely cover expenses for those 5 years. Currently their insurance is covering home care for my fa...
by chasingbutterflies
Tue Sep 05, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting moms assets from nursing home expenses
Replies: 96
Views: 11368

Re: Protecting moms assets from nursing home expenses

My parents worked with an estate attorney last year to protect the house. My father is getting home care now and they have sufficient assets to cover the next few years but my mother is in relatively good health and could live for years yet. The attorney set up a trust 'for the children' which holds...
by chasingbutterflies
Mon Sep 04, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Keep/sell rental? What are the tax considerations?
Replies: 2
Views: 418

Re: Keep/sell rental? What are the tax considerations?

He actually moved out July 2014 so more like 3 years. It was rented out less than a month later. It's very tight for timing, he'd have to sell right away if it's not already too late. I'll have to read that some more to be sure.
by chasingbutterflies
Mon Sep 04, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Keep/sell rental? What are the tax considerations?
Replies: 2
Views: 418

Keep/sell rental? What are the tax considerations?

I'm posting on behalf of my sibling who is currently on disability due to a medical issue. Is doing well however and hopes to be back working by the next year. He has a small condo in San Jose, CA in a very desirable part of town that he bought in 1997. About two years ago he moved to Illinois for w...
by chasingbutterflies
Thu Jun 29, 2017 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: 47 Single - Never Married - No kids - Diabetes - Retirement
Replies: 17
Views: 4245

Re: 47 Single - Never Married - No kids - Diabetes - Retirement

Just one comment. Look into getting a durable power of attorney in the event you get incapacitated. My brother is single, 47, and very healthy but is now in the hospital. I am currently making his medical decisions for him and that was understood although never formalized. However, I really need a P...
by chasingbutterflies
Fri Mar 10, 2017 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Public Student Loan Service Forgiveness
Replies: 5
Views: 1289

Re: Public Student Loan Service Forgiveness

I'm currently doing PSLF but am a long way from forgiveness as yet. I don't think the plan was 'official' until Oct of 2007 so the absolute earliest anyone could get forgiven would be in Oct or Nov and most probably the first loans forgiven won't be until next year. I just want to point out that onl...
by chasingbutterflies
Sat Dec 03, 2016 6:47 pm
Forum: Personal Investments
Topic: Some advice re AA in 403(b)
Replies: 7
Views: 837

Re: Some advice re AA in 403(b)

The 1.1 is not a yearly rate. They don't specifically say how often. This is a copy of what I could find. Crediting Rate A rate of interest contractually guaranteed by Principal Life is credited to participant account balances. This net crediting rate is after the deduction of 0.65%* for fees for ad...
by chasingbutterflies
Sat Dec 03, 2016 5:52 pm
Forum: Personal Investments
Topic: Some advice re AA in 403(b)
Replies: 7
Views: 837

Re: Some advice re AA in 403(b)

I agree on the ER's, that's why I don't want to use them. For the stable value fund the guaranteed rate is set biannually, but I have no idea about the expenses they're talking about, I suspect that is an annual expense.
by chasingbutterflies
Sat Dec 03, 2016 4:11 pm
Forum: Personal Investments
Topic: Some advice re AA in 403(b)
Replies: 7
Views: 837

Re: Some advice re AA in 403(b)

Forgot to mention a little more than half my portfolio is in a Roth at Vanguard which is currently 90/10.
by chasingbutterflies
Sat Dec 03, 2016 4:10 pm
Forum: Personal Investments
Topic: Some advice re AA in 403(b)
Replies: 7
Views: 837

Some advice re AA in 403(b)

Age 44 and single Tax bracket 28% Desired AA 90/10 (was 100% stock just 2 years ago) 403(b) with 90% in index funds approximating TSM 10% in Stable value fund Total Portfolio value very low 6 figures. Large student loan debt but fixed at 3% and on track for PSLF (estimated forgiveness amount 50,000 ...
by chasingbutterflies
Fri Dec 02, 2016 1:59 pm
Forum: Personal Investments
Topic: Edward Jones to Vanguard - about to make the move
Replies: 46
Views: 6868

Re: Edward Jones to Vanguard - about to make the move

Spare your hind end and chalk it up to lesson learned. You're not the only person to be snookered by EJ and be thankful you found out when you did. You're young yet and have lots of time to make up the money lost and then some!
by chasingbutterflies
Fri Sep 16, 2016 2:32 pm
Forum: Personal Investments
Topic: Cash out a Simple? (Update)
Replies: 14
Views: 1771

Re: Cash out a Simple? (Update)

Just an update with another question. I was under the income limits last year and was able to fully contribute to my roth with no issues. Not the case this year. I'll be contributing the full 5500 early next month for this year, and plan to do it for next year in January. I plan to convert the simpl...
by chasingbutterflies
Fri Sep 16, 2016 12:08 pm
Forum: Personal Investments
Topic: No matching on Roth?
Replies: 60
Views: 5043

Re: No matching on Roth?

Late coming to this post, but I believe that the employers can do what they like. I started contributing to a simple with my previous employer in Jan of 2014 and left employment in March. I didn't get my match until Jan of 2015. I called several times and was told they did the match annually at the ...
by chasingbutterflies
Fri Jul 08, 2016 1:31 pm
Forum: Personal Investments
Topic: No VG funds in 401k! HELP!
Replies: 26
Views: 2402

Re: No VG funds in 401k! HELP!

Okay I'll bite. There are older and wiser heads on here than mine. So take what I say with a grain of salt. I have never had a vanguard fund in any of my work accounts, that's not uncommon. It's worse when you don't have an index fund either. You do, and when in doubt you can dump everything in ther...
by chasingbutterflies
Sun Apr 10, 2016 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help with refinancing student loans & forgiveness for teachers
Replies: 1
Views: 395

Re: Help with refinancing student loans & forgiveness for teachers

I don't know that I got a lot of options for you. If you can consolidate just your federal loans into a direct loan and then you can get into the PAYE (pay as you earn) program that will cut your payments to 10% of your 'discretionary' income. There is also the possibility of forgiveness in 10 years...
by chasingbutterflies
Fri Mar 25, 2016 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: MedicareRX - pricing biologics
Replies: 17
Views: 1705

Re: MedicareRX - pricing biologics

Even though we used the Medicare Plan Finder to find the lowest cost plan for us AND I know how the insurance plan is supposed to work as far as what they/we pay AND I know the full retail price of each prescription, the brand name drugs have yet to cost us what the plan says they should. How can a...
by chasingbutterflies
Fri Mar 25, 2016 12:46 am
Forum: Personal Finance (Not Investing)
Topic: MedicareRX - pricing biologics
Replies: 17
Views: 1705

Re: MedicareRX - pricing biologics

PS: I don't recommend halving the dosing without the ok of the rheumatologist. There is no point in paying for the drug if a half dose is too weak to work. A common misconception about drugs is that if one pill works, two pills work twice as well and that's almost never the case. Messing with the do...
by chasingbutterflies
Fri Mar 25, 2016 12:41 am
Forum: Personal Finance (Not Investing)
Topic: MedicareRX - pricing biologics
Replies: 17
Views: 1705

Re: MedicareRX - pricing biologics

I've not got a lot to offer on top of the excellent advice you've already gotten, but you should be able to find a plan that will cover at least some of the cost. I'm also on a biologic (my second) and have had to do some plan searching when I was looking at ACA plans available on the marketplace. (...
by chasingbutterflies
Fri Mar 18, 2016 9:35 pm
Forum: Personal Consumer Issues
Topic: Car Questions
Replies: 17
Views: 2450

Re: Car Questions

Just an update for those interested. I had put together a maintenance summery sheet for my Saturn back when I turned over 200,000 miles to make the maintenance easier to figure. However it's only good as long as you check it and indeed my plugs were bad. Cheap fix and the car ran much better. Also I...
by chasingbutterflies
Fri Mar 18, 2016 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken For Mac
Replies: 21
Views: 2469

I've used Quicken for windows for many years but when I got a mac a few years ago I got the Quicken for Mac version. Didn't have any trouble with the data import, other than taking forever (15+ years data). Definitely not as good as the windows version (particularly for investments) but good enough ...
by chasingbutterflies
Sun Dec 06, 2015 11:12 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 630
Views: 89772

Re: Flaunt Your High-Mileage Car

Still working on my 95 Saturn. Just ticked over the 340,000 mile mark today. Days are numbered though, I just ordered my next car and should get it in January. Figure I'll donate it and try to take a tax deduction.
by chasingbutterflies
Sun Aug 30, 2015 9:14 pm
Forum: Personal Investments
Topic: Opinions on these 403(b) choices
Replies: 7
Views: 670

Re: Opinions on these 403(b) choices

Thank you very much for the replies! The Principle Fixed Income Guaranteed Option is a stable value fund, (I didn't really look past the word annuity). It's current net interest is 1.25% and is readjusted semiannually. Also, I was talking to my brother about this (he has access to morningstar) and h...
by chasingbutterflies
Sun Aug 30, 2015 3:47 pm
Forum: Personal Investments
Topic: Opinions on these 403(b) choices
Replies: 7
Views: 670

Re: Opinions on these 403(b) choices

Don't work for the government, just an independently owned health care clinic qualified as an FQHC. What I have is what I got. I did look for a stable value fund but the only other fund I found was Principle Fixed Income Guaranteed Option which looked like an annuity. I didn't have much (actually an...
by chasingbutterflies
Sun Aug 30, 2015 3:24 pm
Forum: Personal Investments
Topic: Opinions on these 403(b) choices
Replies: 7
Views: 670

Opinions on these 403(b) choices

I just started a new job and need to choose some funds for the 403(b). I'm not too impressed with it and the expense ratios are higher than I'd like. Though I am in my early 40's, I am planning on a pretty aggressive AA of 90/10 and like the idea of the 3 fund portfolio. I am fully funding my roth I...
by chasingbutterflies
Thu Aug 27, 2015 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Fed Retiree with FEHB-SAMBA and Medicare B
Replies: 33
Views: 4815

Re: Fed Retiree with FEHB-Enroll in Medicare Plan B or Not?

I'm not medicare eligible myself, but when my parents moved in 2006 they did have problems finding physicians that would accept Medicare. My mother established with a physician a year before becoming eligible for medicare and was 'grandfathered' in to the clinic. They didn't accept new patients with...
by chasingbutterflies
Sun Aug 23, 2015 1:34 am
Forum: Personal Investments
Topic: Roth IRA losing value....should I exchange?
Replies: 36
Views: 5096

Re: Roth IRA losing value....should I exchange?

Agree with all the above posters, just sit tight. Please remember that you have not lost money, you just lost value. You have to change how you think about it. It's like all those commercials 'Big sale, buy now and save! Not usually true, because you don't save money buying something you wouldn't ha...
by chasingbutterflies
Sun Jul 19, 2015 10:27 pm
Forum: Personal Consumer Issues
Topic: Car Questions
Replies: 17
Views: 2450

Re: Car Questions

Thanks for the replies! I know the oil consumption is not usually a problem, it's just the rate that it's getting worse is concerning. User5027, that was funny! Mudpuppy, you actually hit on the big concern for me. I know that I'm supposed to register the car relatively soon, but some states are wor...
by chasingbutterflies
Sun Jul 19, 2015 1:58 pm
Forum: Personal Consumer Issues
Topic: Car Questions
Replies: 17
Views: 2450

Car Questions

I apologize for a rather lengthy post but I’m in a bit of a quandary and would like some other opinions. I have a 20 year old car with over 330k miles on it. It’s been a wonderful, reliable car and I’m pretty fond of it, but it started burning oil last winter and its consumption has increased dramat...