Search found 5669 matches

Go to advanced search

by Watty
Fri May 22, 2015 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: Investing after Retirement
Replies: 4
Views: 365

Re: Investing after Retirement

There are not enough details to know if it would be the right thing to do but I would take a hard look at delaying when one of you starts social security until you are 70 to get a larger social security check then. This might mean that you would would spend down part of your savings in the next few ...
by Watty
Fri May 22, 2015 9:57 pm
Forum: Investing - Theory, News & General
Topic: Taking out a HELOC to invest
Replies: 7
Views: 467

Re: Taking out a HELOC to invest

f you answer "no" to the above question, why? 1) Sequence of returns risk. A $100K mortgage would roughly have a $500 a month($6K a year) mortgage payment. If you get unlucky and your investments drop 20% the first year then your portfolio would be down to about $74K (100 - 20 -6). If the...
by Watty
Fri May 22, 2015 9:01 pm
Forum: Personal Consumer Issues
Topic: Electric Pressure Washer Recommendation
Replies: 11
Views: 484

Re: Electric Pressure Washer Recommendation

Karcher!!! Works great. Can get it at Walmart last I heard. Second this - mine works great. Mine too, My wife picked one up at a garage sale that lasted many years with similar light use and the replacement seems to work well too. When I was researching it before my last purchase one of the big dif...
by Watty
Fri May 22, 2015 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: please confirm: early retirement
Replies: 43
Views: 2337

Re: please confirm: early retirement

I think living on a gross annual income of about $70,000 (inflation adjusted) for a couple for about 20 years in your 50s and 60s is pretty tight and uncomfortable. I would probably not have the discipline and end up spending down more of my portfolio and just hope the financial markets cooperate. ...
by Watty
Fri May 22, 2015 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Follow "Passion" or Follow the Money?
Replies: 64
Views: 2824

Re: Career Advice: Follow "Passion" or Follow the Money?

1) Better work-life balance, although I don't take advantage of it. I have no attachments/relationship, so what's the use of this perk? If you take the demanding high paying career track and it works out well and you retire at 50, then what will you do for the next 40 years of retirement? It has be...
by Watty
Fri May 22, 2015 9:17 am
Forum: Personal Consumer Issues
Topic: Advice For Selling A Used Car
Replies: 9
Views: 731

Re: Advice For Selling A Used Car

In some states the sales tax you pay on your new car purchase is reduced by any trade in amount, for example if you bought a $20K car and got $12K in trade-in then you might only pay sales tax on the $8K difference. Be sure to check on how that works in your state and take that into consideration wh...
by Watty
Thu May 21, 2015 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: Post tax investing or Pay off 2.95% Mortgage?
Replies: 39
Views: 3492

Re: Post tax investing or Pay off 2.95% Mortgage?

If you do decide to pay down then mortgage than one thing that you can do is a save of the money until you can pay down a significant percentage of your mortgage and then see if the lender will "recast your mortgage" (google this). It is likely that they will for a small processing fee and...
by Watty
Thu May 07, 2015 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Any circumstances when a home seller gives a buyer a check
Replies: 16
Views: 1706

Re: Any circumstances when a home seller gives a buyer a check

This article claims it's a means for a buyer to commit mortgage fraud, by having an undisclosed side deal. http://realtyassociation.com/files/mortgage_fraud.pdf +1 In addition to the legality, there can be all sorts of problems if the sale does not close for any reason which is more common than you...
by Watty
Thu May 07, 2015 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Do Updates to Home Increase Market Value?
Replies: 32
Views: 2160

Re: Do Updates to Home Increase Market Value?

Regardless of what the right price is, you do not want to use that real estate agent. The reason is that they have shown that they are not very good at sales since part of their presentation is selling themself and justifying the their numbers. They did neither when they were talking with you so it ...
by Watty
Thu May 07, 2015 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Paying off student loans by selling house
Replies: 43
Views: 2573

Re: Paying off student loans by selling house

If you do decide to pay off her debt then be sure to do it after your are married.

In addition to the possibility of the marriage not happening you would be getting into gift tax issues by giving her that much before you are married.
by Watty
Wed May 06, 2015 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off student loans by selling house
Replies: 43
Views: 2573

Re: Paying off student loans by selling house

It isn’t like you are dealing with millions of dollars. I don’t know what the statistics are but from the people I know most of the marriages did last more than five years. If you get divorced in five or more years then the $50K will look pretty small compared to what you combined income is over fiv...
by Watty
Tue May 05, 2015 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: What are the Pro's and Con's of Retiring in Amarillo, TX
Replies: 89
Views: 5405

Re: What are the Pro's and Con's of Retiring in Amarillo, TX

I am looking for a place that is has no state income tax. Lots of places don't have state income taxes. Just FYI, it does not show up in some of the online lists but here in Georgia there is a retirement income exclusion so that there is no state income taxes of almost all types of retirement incom...
by Watty
Tue May 05, 2015 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to negotiate roof replacement (in escrow)?
Replies: 16
Views: 1432

Re: How to negotiate roof replacement (in escrow)?

The roof is 23 years old. The house should have been priced with the roof being 23 years old as a factor. My first house had a shake roof that had problems and needed to be replaced but the total replacement cost was nowhere near what you mentioned even adjusting for inflation. I forget what the ex...
by Watty
Tue May 05, 2015 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: 18 months from retirement and cash heavy
Replies: 7
Views: 1581

Re: 18 months from retirement and cash heavy

There isn't enough information to make good suggestions. One thing that everyone should take a hard look at though is delaying when one of them starts Social security, along with all the filing strategies for couples. It could be that the best use of the money would be to live on it while delaying s...
by Watty
Mon May 04, 2015 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: young needing advice
Replies: 8
Views: 979

Re: young needing advice

Here is the link to the getting started wiki which would also be good to review to figure out where to start. https://www.bogleheads.org/wiki/Getting_started Here is the suggested outline on how to as a portfolio question. https://www.bogleheads.org/forum/viewtopic.php?t=6212 How to invest it really...
by Watty
Mon May 04, 2015 6:55 pm
Forum: Personal Consumer Issues
Topic: Do I need another credit card?
Replies: 16
Views: 1135

Re: Do I need another credit card?

I have had occasional problems when a credit card number in compromised and had to be cancelled so having a backup card is good in case this happens when you are out of town. One in a a while something will happen and they will freeze the card with a fraud alert too. You might look at getting a card...
by Watty
Mon May 04, 2015 6:49 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's 401(k) with former employer: annoying calls from Transamerica
Replies: 16
Views: 1264

Re: Wife's 401(k) with former employer: annoying calls from Transamerica

That is a battle not worth fighting, in the time it took to write the post you could have likely helped her initiate rolling out the money into an IRA.
by Watty
Mon May 04, 2015 3:07 am
Forum: Personal Finance (Not Investing)
Topic: Retiring before kids start college. Thoughts?
Replies: 26
Views: 4590

Re: Retiring before kids start college. Thoughts?

A couple of problems to watch out for with trying to keep your income real low for a few years. 1) By using a lot of your non-taxable assets while the kids are in college you could end up not owing any federal tax. This is a problem if you will have any non-refundable tax credits. 2) You may not be ...
by Watty
Sun May 03, 2015 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: DIY distance moving
Replies: 37
Views: 2569

Re: DIY distance moving

A few tips; If you need boxes check Craigslist for someone that is selling them after a move. Make your best guess as to the cost per pound to move stuff, like a dollar per pound and anything that does not fit that gets tossed. Books are heavy which makes them expensive to move if you have lots of t...
by Watty
Sun May 03, 2015 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Gains :(
Replies: 10
Views: 1450

Re: Capital Gains :(

Sometimes it makes sense to keep less than ideal investments so the best course might just be to keep what you have. It would help if you would add the capital gains for each holding and your capital gains tax rate so we might be able to see just what the impact is. Most investments can be "tra...
by Watty
Sun May 03, 2015 4:10 pm
Forum: Personal Consumer Issues
Topic: Received a new license plate/number in the mail
Replies: 23
Views: 1784

Re: Received a new license plate/number in the mail

Once everyone has the new one license plate, then anyone that still has the old plate will sill stick out like a sore thumb and it will be obvious that they are driving an improperly licensed car.
by Watty
Sun May 03, 2015 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: A fresh start: Helping my widowed mother in retirement
Replies: 12
Views: 1207

Re: A fresh start: Helping my widowed mother in retirement

Of course! I over-estimated not taking into consideration that her other costs would be covered. The amount would be around $125,000. That sounds high for a state like Texas,it would be good to double check on that. Here is a link I have seen before with some more information. http://longtermcare.g...
by Watty
Sun May 03, 2015 12:00 pm
Forum: Investing - Theory, News & General
Topic: Financial reasons to get a summer job?
Replies: 36
Views: 1838

Re: Financial reasons to get a summer job?

One advantage you didn't list was that if he works and saves the money then he will have that money when he graduates and is ready to set up his first apartment. Between a security deposit, first and last months rent, and getting some basic furnishings that gets pretty expensive especially if he mov...
by Watty
Sun May 03, 2015 11:20 am
Forum: Investing - Help with Personal Investments
Topic: A fresh start: Helping my widowed mother in retirement
Replies: 12
Views: 1207

Re: A fresh start: Helping my widowed mother in retirement

Long term care risk We still haven't decided. Either get coverage which would be around $4,600 annually to start with. Or we could set aside around $300,000 that would grow with inflation. This would not be considered part of the portfolio (in spending down). Rather it would be used for LTC if need...
by Watty
Sat May 02, 2015 10:49 am
Forum: Personal Consumer Issues
Topic: Vacation Ideas out west
Replies: 42
Views: 3068

Re: Vacation Ideas out west

A couple more things I thought about; 1) You did not say if you were camping or not but plan on camping some, especially when good weather is expected. Even if you have to buy some basic equipment(tent, sleeping bag, GOOD sleeping pad) it will pay for itself even if you only camp a handful of nights...
by Watty
Sat May 02, 2015 10:22 am
Forum: Personal Consumer Issues
Topic: Vacation Ideas out west
Replies: 42
Views: 3068

Re: Vacation Ideas out west

It has been a long time since I was there but Canyon de Chelly would be high on my list. http://www.nps.gov/cach/index.htm As I recall most of the access is by guided tours since it is on Navajo land so you should do some advance research and you may need reservations for some of the tours. As I rec...
by Watty
Sat May 02, 2015 10:01 am
Forum: Investing - Help with Personal Investments
Topic: How to invest 15 years of living expenses
Replies: 13
Views: 1562

Re: How to invest 15 years of living expenses

So, what to do with the remaining $800K (1,125k-325k)? I am thinking 30-35% equity and the rest in mid duration bond funds, ibonds (currently have 70K), CDs and cash. You should look at your overall asset allocation combining your taxable, Roth, and IRA accounts as one large portfolio then decide w...
by Watty
Sat May 02, 2015 9:51 am
Forum: Investing - Help with Personal Investments
Topic: How to invest 15 years of living expenses
Replies: 13
Views: 1562

Re: How to invest 15 years of living expenses

The 1,125,000 includes a rental condo (Net market value $325K, no mortgage) It is slightly cash flow positive, on autopilot and currently in a poor sales environment. I hope/expect condo value to keep up with inflation and will sell in the next 5-15 years. How much would it cost you in taxes if you...
by Watty
Thu Apr 30, 2015 10:00 pm
Forum: Investing - Theory, News & General
Topic: Australian Article says you DO get what you pay for.
Replies: 4
Views: 747

Re: Australian Article says you DO get what you pay for.

From the article; To illustrate this point, SuperRatings provides the following table from its survey of 162 super funds. The first entries are the three lowest cost funds had a net benefit ranks of 41, 39, and 74, out of 162. These scores are all well above the middle ranking of 81. That pretty muc...
by Watty
Thu Apr 30, 2015 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Too late for career change/worth it?
Replies: 44
Views: 5832

Re: Too late for career change/worth it?

29 yrs old If you retire at the traditional retirement age of 65 then you still have 36 years of working ahead of you. That is enough time to change career paths several times. :beer Starting over with something completely new is possible but harder to do so unless you absolutely hate your work now...
by Watty
Thu Apr 30, 2015 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Should I pay off the mortgage before I quit my job?
Replies: 30
Views: 3384

Re: Should I pay off the mortgage before I quit my job?

Again, thanks for the posts. If I do resign, does it make sense to continue paying the mortgage while slowly selling off stocks in a taxable account to pay for monthly expenses and to fund ROTH IRAs? Is the main benefit of that strategy perserving liquidity? Using the taxable account for the monthl...
by Watty
Thu Apr 30, 2015 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should I pay off the mortgage before I quit my job?
Replies: 30
Views: 3384

Re: Should I pay off the mortgage before I quit my job?

Since you have over a half a million in your retirement accounts and at least a 100K in a taxable account, paying off the mortgage or not is not really going to make a significant difference in your overall financial picture --- as long as you save your "mortgage payment" if you pay it off...
by Watty
Thu Apr 30, 2015 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Saving ideas for road trip
Replies: 7
Views: 864

Re: Saving ideas for road trip

Be sure to check with the rental company to make sure that you are allowed to take the car where you want to go. A few years ago some companies started restricting rentals to nearby states unless you made advance arrangements. Check on one way car rentals, if you happen to be going where they want t...
by Watty
Wed Apr 29, 2015 9:34 pm
Forum: Investing - Theory, News & General
Topic: Retirees - What would you have done differently?
Replies: 48
Views: 6534

Re: Retirees - What would you have done differently?

I will be retiring soon but here are a few things that I have found; 1) Living in a low cost of living area helps a lot. After a couple of moves I ended up in a low cost of living are because of a corporate relocation and not some great plan. My son is married now and is settling down here so it loo...
by Watty
Wed Apr 29, 2015 6:15 pm
Forum: Investing - Theory, News & General
Topic: How to advise clients
Replies: 18
Views: 1748

Re: How to advise clients

I can think of three types of issues that you might try to focus on they are; 1) Boglehead type people are concerned that that even if they can manage their portfolio of a few index funds now that as they get older they might not be so competent and that they might make financial mistakes when they ...
by Watty
Wed Apr 29, 2015 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help for Mom
Replies: 8
Views: 880

Re: Help for Mom

First, I would get rid of ALL the funds and ALL the individual stocks in the portfolio. I don't believe cap gains are a consideration in the 15% tax bracket, but I am not a tax expert. It is more complicated than that. The zero percent capital gains tax rate only goes up to the top of the 15% tax b...
by Watty
Tue Apr 28, 2015 8:43 pm
Forum: Personal Consumer Issues
Topic: Comcast [trouble with service and getting outage credits]
Replies: 11
Views: 1057

Re: Horrific Comcast Experience...

When you turn in the Comcast equipment be sure to get a receipt for it and keep the receipt. They have been known to come back a year or more later and claim you did not turn in something and charge you an outrageous amount for it along with a years worth of fees.
by Watty
Tue Apr 28, 2015 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like I made a mistake with buying a house: appreciation
Replies: 43
Views: 4952

Re: Feel like I made a mistake with buying a house: apprecia

Another person I know bought a house 3 years ago that has appreciated by 120%.


In some areas that would also mean that your property taxes would also go up by 120% or more along with higher homeowners insurance.
by Watty
Tue Apr 28, 2015 6:18 pm
Forum: Personal Consumer Issues
Topic: Need tips on taking HS student on college tour
Replies: 34
Views: 1990

Re: Need tips on taking HS student on college tour

When I was helping my son decide what college to go to one of the things that I read that is really true is that selecting a college is not about finding the best college, it is about finding the college that is the best fit for the kid. Be sure to keep that in mind. My son was stubborn like only a ...
by Watty
Mon Apr 27, 2015 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Father's Million Dollar Portfolio Suggestions
Replies: 9
Views: 1239

Re: Father's Million Dollar Portfolio Suggestions

One of the Vanguard life strategy funds would be a lot simpler since he would not need to worry about rebalancing each year which could be harder to do in ten or twenty years. https://investor.vanguard.com/mutual-funds/lifestrategy/#/?WT.srch=1 There is no reason that he could not use one of the Tar...
by Watty
Mon Apr 27, 2015 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Displeased with Fidelity Cash / BNY Mellon- debit card theft
Replies: 13
Views: 1338

Re: Displeased with Fidelity Cash / BNY Mellon- debit card t

There is no good reason to use a debit card because you can face problems like this. I have had banks try to give me a debit card instead of an ATM card but I have refused only to have them say that they don't issue ATM cards anymore. At that point I tell them that I will be closing my account becau...
by Watty
Mon Apr 27, 2015 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: where to put my money?
Replies: 8
Views: 573

Re: where to put my money?

The individual stocks that you have a Well Fargo now would likely generate capital gains taxes if you sold them to move them to mutual funds. If they are a reasonable set of stocks then you might just want to keep them but sell them first as you need money. One thing to keep in mind is that you or a...
by Watty
Mon Apr 27, 2015 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement with 401(k)'s and IRA's
Replies: 16
Views: 2001

Re: Early Retirement with 401(k)'s and IRA's

If we truly retire at 49 then wouldn't we be taking big hits on the principal of our taxable accounts as we wait for 59.5? The prior posts were good and covered a lot of what you should be looking at. One thing to remember about selling things from your taxable accounts that have capital gains, and...
by Watty
Mon Apr 27, 2015 8:04 pm
Forum: Personal Consumer Issues
Topic: Mother to move closer to family but farther from friends?
Replies: 13
Views: 1412

Re: Mother to move closer to family but farther from friends

She is 65 with no mobility or driving issues and would be moving about 2.25 hours away from her friends. If there is a bus or train between the cities that would help, I had an Aunt who was still making bus trips into her 80's If it is within her budget getting a place that has an extra bedroom mig...
by Watty
Sun Apr 26, 2015 8:50 pm
Forum: Personal Consumer Issues
Topic: Been invited to wedding in Disney World. My cost?
Replies: 58
Views: 5941

Re: Been invited to wedding in Disney World. My cost?

Some people that plan destination weddings really don't want a lot of guests to actually go to it since they have to pay a set amount per person for things like the wedding ceremony, reception, and a few meals. In effect they are just getting married on their honeymoon and they will likely not feel ...
by Watty
Sun Apr 26, 2015 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford, and how to finance
Replies: 11
Views: 1583

Re: Can we afford, and how to finance

heerekj1 wrote:I don't plan on selling my current home. I don't think I could take the heat of a Florida summer.


If you have not lived there it would be a good idea to rent a place there for a year before buying a place there.
by Watty
Sun Apr 26, 2015 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Buying condo in commercial building
Replies: 10
Views: 877

Re: Buying condo in commercial building

Be sure to look at how the condo association works with the two types of owners. The association rules could have been written up by the commercial owners to greatly favor the commercial owners.
by Watty
Sat Apr 25, 2015 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Help with VAL policy, UTMA accounts, and EE/E Savings Bonds
Replies: 10
Views: 872

Re: Input requested on unwinding accounts my parents opened

On the savings bonds it would be good to do some more research because;

1) If your parents thought they lost them, they might have already have gone through the process to replace or cash a lost bond.

2) There could be other lost savings bonds that are not in that stack.
by Watty
Sat Apr 25, 2015 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Help me retire in 10 years
Replies: 27
Views: 3953

Re: Help me retire in 10 years

3. I feel like I'm missing some key details that would prevent me from reaching my goal, but I don't know what it is. It would be good to sit down an write out just what your goals are. I know that you want to become financially independent by the time you are 34 but your true goal would be what yo...
by Watty
Sat Apr 25, 2015 7:47 pm
Forum: Personal Consumer Issues
Topic: [new position, facing an] hour commute (each way)
Replies: 52
Views: 3299

Re: does anyone have an hour commute (each way?)

I am about to take a position that is much better compensated, but commute increases a lot. What are the pros and cons of this? I can't move closer since my wife commutes in the other direction. Mine is not very far but with the notorious Atlanta traffic it is about 45 each way now which is worse t...

Go to advanced search