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Archive for September, 2008

Update - DH and Roth IRA

September 21st, 2008 at 10:39 am

DH officially now has a Roth IRA account! Since I am more technical savvy one, I went online to enroll him.

Wow! It was so easy to do. It took me 20 minutes max. Fidelity site was very clear and straightforward. Since my husband does not deal with losing money very well, I had him set up with the conservative package for now.

I think we will have a good balance. I am semi-aggressive with my 401k accounts (both Roth and Trad).

I was also thinking why our marriage and our finance relationship are working out so great. We love each other and want the best. I also notice we often do not compromise, but rather find the win-win solution so we both each can feel good on an individual basis and combined basis. It also helps that we do not fight. If I ever raise a voice at my DH, I am sure he would pass out. If he ever raises his voice, I am sure he will pass out as well! Hee Hee! This does not mean we never disagree with each other. We can talk things out. We do not need a formal sit together time/place to talk things out because we are like best friends who talks all the time.

I did talk him into the Roth IRA but not to force him to do so. By listening, I know he had fears that he wanted to overcome and I was giving him a jump start. Listening is the key to understanding the other persons and what their needs are. I showed him different retirement options that he was not aware of and in a language he could understand. Slowly he opened up to them. He feels good now that he has an official retirement vehicle and not be left out. He has hope for financial security in the future. I do not know what he would do without me! Lol!

Made a deal with the DH - Roth IRA!!!

September 19th, 2008 at 10:06 am

After a lot of convincing, fluttering eyelashes and "I love you" notes, my husband is letting me open a Roth IRA for him. This was something he was against for some time.

I never opened an IRA account and need some help in this area.

Right now I have both Roth 401(k) and Traditional 401(k) under Fidelity through my employer.

This might be a silly question here -Does it matter where I open an account for my husband? I was thinking under Fidelity IRA since that is where I already have my funds to keep everything streamed lined when it comes to personal finance organization? Or should I do it through our Credit Union or Vanguard?

Any tips on what to look for? Thanks

School: I got my work cut out for me!

September 7th, 2008 at 08:55 am

After last week of my first days on two courses, I realize that my work is cut out for me.

While I am still very excited to have the opportunity to pursue a Business degree, a part of me is worried about the challenges that I will have.

I love the English professor. She actually retired 5 years ago and now teaches 3 courses a semester purely out of the passion to teach and passion on the subject. The SF Bay Area is very rich with culture, history, minority writers who are now are in the spotlight as they speak for all that has happened in the last 20 years that made the Bay Area the way it is now... Even though this is an advance English course and we should know our grammar by now, she has a TA who wants to become an English Professor. He is going to be tough on our grammar. (I need all the help I can get!!! as the last English course I took was several years ago). I am excited as this is perfect for me to improve on my documents and business emails at work. It also means I am going to have a lot of growing pains as well because grammar is my weakness. The instructor made it clear that she going to be tough on our grammar and will be writing plenty of I love you notes on our papers because this is the last chance ever to get an opportunity to get help and improve our writing skills to set us for life!

The first day for the Intro to American Business course put me in a tizzy! Full three hours to the last minute of several group activities, going over tons of subject in a fast pace and writing assignments with no slow going breaks. I was hoping that since I work for a top business that I would know a lot but to my finding... I am knowledgeable on Global Business and not American Business. I realize I have so much to learn. The hardest part is that I have projects, meetings, discussion group and reporting all day at work and to do it again for 3 straight hours after work is well tiring! I feel like my brain just does not want to function and I am wormed out.

My "older" aged body is clearly telling me that I do not have the energy of my youth. I work from 8am to 5pm then have a two hour break until my classes that starts from 7pm to 10pm (Wed and Thurs). I live an hour away from work so it does not make sense for me to come home in the two hour breaks. During that time, I can stay longer at my desk at work to study or take advantage of the work gym.

But man! Getting home around 11ish at night and try to wake up at 5:30am?!?! I am not even human when I wake up! Long gone are those the days I used to sleep a couple of hours per night and still have energy to last me through the day!

While I do have a "kitchen" minus the stove/oven at work, I am finding its a challenge to come up with both lunch and dinner on the nights I have classes. Lunch was easy as I would cook for 4 the night before and bring left over for lunch. Its hard for me to come up with a dinner plan for 10! For wed and Thurs each, 4 meals for 2(lunch and dinner) and then 2 meals for 2 (lunch) on Fridays.

So what I can make before Tuesday that will satisfy all of our meals? Please do not tell me to eat the same thing for 6 meals in a row! I can handle 2 maybe 3 dinners of the same thing in a row... but 6? Yikes.

Now my husband is very supportive and does take turns with the cooking (he is a wonderful cook). However I do not want him to think I expect him to stay home and cook for me while I am in school. He should have time to do his own thing and sometimes have dinner with our neighbors (he cuts down their dead trees in his spare time for our firewood).

Any ideas?