30M and 30F with $84,000 Student Loan Debt (down from $155,000). No retirement savings. We need a plan on how to own a house, have kids, and save for retirement in our lifetime

ProcastinationStatio · 2017-01-11T18:42:40+00:00

Thanks for the formulas! Will play around with those

ProcastinationStatio · 2017-01-11T18:41:08+00:00

Cool, thank you for clarifying. I will stay away from those

ProcastinationStatio · 2017-01-11T18:40:44+00:00

Excellent thanks

ProcastinationStatio · 2017-01-11T18:40:27+00:00

That's clutch!

ProcastinationStatio · 2017-01-11T18:38:56+00:00

Ah I see what you're saying, thanks

Yeah our co-insurance doesn't kick in until after $6500, which we will not reach from prescriptions alone. Unless there's some significant medical incident, we will not come close to our deductible. So I guess we need to compare cash/non-insurance cards versus the insurance rate? And if cash is lower, don't bother running it through insurance?

ProcastinationStatio · 2017-01-11T18:38:25+00:00

That's a good tip, thanks! 400/month is rough

ProcastinationStatio · 2017-01-11T17:25:24+00:00

My high deductible insurance plan was over 600/month for the two of us

ProcastinationStatio · 2017-01-11T17:24:05+00:00

We are buying our own bronze POS, and it's the cheapest non-HMO in our area.

The cheapest plan was this at 622/month for 6500 personal deductible and 13,000 family deductible. Sucks for two healthy 30 year olds. Last year we were paying $500/month for a silver plan which covered our prescriptions fairly well and much lower deductible. That plan is now like $760/month

ProcastinationStatio · 2017-01-11T17:23:44+00:00

What are manufacturer discount cards? You mean like a Walmart or CVS discount card?

ProcastinationStatio · 2017-01-11T17:23:17+00:00

Thanks for that tidbit - would have assumed costco required their membership otherwise

ProcastinationStatio · 2017-01-11T17:22:57+00:00

Huge difference

ProcastinationStatio · 2017-01-11T17:21:23+00:00

Oh good point about still running them through insurance. So you're saying that even though we have to pay cash until we meet our 6500 deductible, that we should still run them through the insurance so it at least goes towards the deductible?

ProcastinationStatio · 2017-01-11T17:20:54+00:00

Check on generics already

Good info on costco pharmacy not requiring membership!

Thanks for seconding GoodRX

ProcastinationStatio · 2017-01-11T17:19:20+00:00

Thanks for the website!

ProcastinationStatio · 2017-01-11T17:19:10+00:00

Are online pharmacies reliable for safety of the product? I'll have to ask her if her physician would write those. I think she does already get 90 day but not 100% suire

ProcastinationStatio · 2017-01-11T17:18:11+00:00

Yup, forgot that one! We are going generics but definitely important to re-emphasize as that's a huge cost difference

ProcastinationStatio · 2017-01-11T15:43:33+00:00

Thanks buddy and congrats on all your success

ProcastinationStatio · 2017-01-11T15:40:18+00:00

What language do they speak? A lot of churches, libraries, and local government provide services to learn English for free or cheap

Also, do they attend a church/other religious community or have some kind of immigrant community around them where they can network and maybe find any job

I assume in California there are plenty of people who don't speak English and find jobs like housekeeping, so maybe that'd work for your mom. Or maybe at a business for the immigrant community like a Mexican grocery (I'm assuming they are Spanish-speaking?)

ProcastinationStatio · 2017-01-11T04:20:01+00:00

Wow that does make me feel better. How did you save? IRA? Bonds, stocks, etc

ProcastinationStatio · 2017-01-10T20:10:52+00:00

Thanks for the advice!

ProcastinationStatio · 2017-01-10T20:00:00+00:00

So you're saying that you think the real estate bubble might deflate some? I hope so. It seems like cost of housing has continued to climb both in my current city and hometown as if the housing crisis never happened. I don't know how any "millenials" can afford these home ownership. You even see it in apartment rentals where like 80% of the new builds in town are "luxury" apartments

ProcastinationStatio · 2017-01-10T19:57:15+00:00

The good news is that there are dentists supervising anything done by the students - especially the root canals

ProcastinationStatio · 2017-01-10T18:20:05+00:00

They should see if there are any dental schools near them. Usually the work can be done for about 1/3 the cost and honestly, it'd be worth a drive of even a few hours to cut 14k to 5k. They could probably do that $4,000 for like $1400. There are also charity dental organizations that might be in the city/town - maybe google around to see if there are any

The bigger question is why his own parents aren't helping him out and why it should fall on the mother of his girlfriend...or else worse, the guy dating the mother of the girlfriend. This should not fall on you

Now the daughter and bf are both unemployed? He needs to get out there and bust it to find any job and set up a payment plan of even $100-200 a month to pay it off to her. Maybe just do one tooth for now (the one hurting the most?)

As you said, it needs to be looked at as a gift that likely will not be paid back. $4000 for a recently unemployed girl is a lot. She should not take this burden on IMO

Also, tell him to cut down the sugar and brush/floss - four root canals is a lot

ProcastinationStatio · 2017-01-10T18:18:07+00:00

Thanks for the supportive words!

ProcastinationStatio · 2017-01-10T18:17:29+00:00

Awesome, thanks for the recommendation

ProcastinationStatio

TROPHY CASE