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Old 08-01-2008, 10:49 AM   #36 (permalink)
abaya
 
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Location: Iceland
Quote:
Originally Posted by onesnowyowl View Post
As to college savings--you probably want to be looking at investing in a 529 plan. 529 plan - Wikipedia, the free encyclopedia In Oregon, we have a 529 program administered by the state, and other states typically do as well: Oregon 529 College Savings Network One disadvantage is that some 529 plans charge more fees than others.
Good to know--thanks, Snowy.
Quote:
Originally Posted by Cynthetiq View Post
Bakaguru is right, it really depends on your own self and requirements. Health insurance covers your medical expenses, short/term long term disability cover a portion of your wages, but if you don't have those for whatever reason, it can be an expensive and potentially fiscally painful situation to work out of.
Makes sense--thanks, BG and Cyn. When we go back to the US, we won't have health insurance until ktsp gets a job--shouldn't be a problem (living in Iceland, we've almost forgotten what health insurance is like), given our age/health, but we'll be sure to keep plenty in savings to get us through that time. As soon as we're set up and established again, then we'll look into the next steps of investing.
Quote:
Originally Posted by Cynthetique
We would love to buy in Iceland even thought of figuring out how to finance and operate this place. If I recall it isn't far from where you live.
Yup, I know that place well--it's a gorgeous building, right next to the house that ktsp would love to buy, someday. We've considered buying in Iceland, but we just can't fathom how to take care of it from afar--without begrudging someone in my family to be the caretaker, or renting it out to students during the winter (which seems risky in itself). But hey Cyn, our apartment is up for sale right now, if you're interested... the landlord doesn't seem to be having much luck in this market.
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