Recent content by Frugaltravelerdc

We have been to all the Scandinavian countries except Iceland. A few money-saving tips that helped us: - rent a place thru airbnb, ideally with a kitchen - food and drinks were the most expensive, so having a kitchen was super helpful. We would go to a grocery store, shop for breakfast items and...

Thank you both! Just learned that his company started offering a 401k plan last year (DH totally forgot about it). Given this information, we can still contribute to a traditional IRA, correct? Except that we can't deduct it on our taxes. So, effectively , we have a traditional IRA that we paid...

Hi all, Happy New Year! I'm hoping to get clarity on our IRA dilemma. Here's our situation: In 2013, DH joined a startup that doesn't offer a 401k plan. I have a 401k at work that I maxed out. (17.5k) We don't have W2s in hand yet, but I suspect our combined AGI for 2013 will be ~200k. Now...

Thanks again everyone! I am off to dig up the original policy documents. Guess I have no choice but to call my NWM rep and ask about surrender fees etc.

Thanks everyone. To answer 2B's question, we don't have any kids/other dependents. I don't know how exactly to calculate the performance. To do the rough math, the policy was opened in 05/2007. So in 8 years, for a 600k policy, we have already paid in: 8*12*600 = 57600 (for one person). The face...

Hi all, Long time lurker, first time poster. I have a question about life insurance that I hope you all can help me with. I'm 38, DH is 39. We bought into a Northwestern Mutual Adjustable CompLife in 2007 for 600k each. It costs us $600 per month. At that time, we had a big (600k) mortgage...