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Re: Hello, advice needed and welcomed

Debt: $331,500 @ 3.5% Mortgage - No other debt How many years are left on the mortgage? My Rollover IRA at Schwab 100% - SCHWAB TARGET 2035 FUND (.78%) The Vanguard 2035 fund has an ER of 0.18% so you could gain the difference just by moving that money. Over the year that 0.6% difference will make ...
by Watty
Tue Apr 22, 2014 11:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hello, advice needed and welcomed
Replies: 13
Views: 602

Re: What to say to financial planners/insurance brokers

What to do or say to stop the invasion of privacy ? Ideas ? For the sales calls, just tell them to put you on their do not call list and refuse to talk with them other than to say that. For the friends trying to sell you stuff, just tell them that you have found it best to not do business with frie...
by Watty
Tue Apr 22, 2014 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to say to financial planners/insurance brokers
Replies: 10
Views: 481

Re: Freaked out non-US expat - please review

I know the above is limited info, but what I am really looking for is an idea of whether to stick it out with the two properties and then turn to ETF, or liquidate and transfer? If you want real estate exposure then a REIT might be an alternative to consider and it would be much more diversified so...
by Watty
Tue Apr 22, 2014 10:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Freaked out non-US expat - please review
Replies: 4
Views: 544

Re: Thinking about retiring early - tell me what I've missed

tell me what I've missed 1) If you are running your own business they you can set up the retirement plan so that you can put about $50K into the retirement plan each year as an employer contribution in addition to your personal contribution. https://personal.vanguard.com/us/insights/taxcenter/contr...
by Watty
Tue Apr 22, 2014 10:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about retiring early - tell me what I've missed
Replies: 22
Views: 1629

Re: New Baby Girl - What Can/Should We Do?

Combined Annual Income: ~ $200,000 .... Monthly Take-Home: ~ $7,000 That is only $84,000 a year. I'm not sure you came up with that with even with taxes and payroll retirement savings that seems very low. 3. Should we open a separate "bank account" in our daughter's name in which we can de...
by Watty
Mon Apr 21, 2014 10:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Baby Girl - What Can/Should We Do?
Replies: 31
Views: 1929

Re: Graduation books gift for a 24 year old

I agree with the other posters on Jane Bryant Quinn's Making the Most of Your Money . Its sheer size can be daunting, but that's what makes it so valuable: just about all the financial basics are there. It sounded interesting so I took a look at it on Amazon and it is almost 1,264 pages! It might h...
by Watty
Mon Apr 21, 2014 9:12 pm
 
Forum: Investing - Theory, News & General
Topic: Graduation books gift for a 24 year old
Replies: 22
Views: 1128

Re: sued by landlord

I would call, or better go by the landlords office, on Monday morning and point out that the letter said that you had until April 30th to get out. Get any agreement that April 30th is the correct day in writing and send a copy of it to the call firm that filed the lawsuit.
by Watty
Sun Apr 20, 2014 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: sued by landlord
Replies: 34
Views: 3980

Re: Live Now, Live Later?

You mentioned how frustrated you are with all the taxes you were paying now. It sounded like you are getting into the range where estate taxes will be an issue so some of the money you don't spend now may end up going to pay for estate taxes later so you might want to take that into consideration. T...
by Watty
Sat Apr 19, 2014 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Live Now, Live Later?
Replies: 37
Views: 3584

Re: A Dictionary and a World Atlas: Recommendations?

Unfortunately, the American Heritage was over twenty-five years old and falling apart, thus not making my move to Portland. The first thing I would do would be to go to Powells and see if you like what they have. I you do not need the most current edition you may be able to find a used one that is ...
by Watty
Sat Apr 19, 2014 8:45 pm
 
Forum: Personal Consumer Issues
Topic: A Dictionary and a World Atlas: Recommendations?
Replies: 14
Views: 763

Re: paydown strategy for mortgage

Do you see any big risks in our plan? Assuming that you have enough other non-retirement funds to get by OK on just one income if you had to then I don't see how it could turn out badly. There might be ways that you could use the mortgage to your advantage and to invest the money but no matter what...
by Watty
Sat Apr 19, 2014 7:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: paydown strategy for mortgage
Replies: 40
Views: 3011

Re: Let's say we live for 150 years...

How would you invest if you were starting out in your career at age 25 and know you would live until age 150? It probable helps to look at the very long-term return of assets classes and what makes them tick. That's what I took a stab at in this article: It is interesting to note that if the variou...
by Watty
Fri Apr 18, 2014 10:54 pm
 
Forum: Investing - Theory, News & General
Topic: Let's say we live for 150 years...
Replies: 20
Views: 3353

Re: Lock now or hope rates inch downward?

There may be less risk here than you are assuming. If the rates drop after you lock you may still may be able to pay a fee to get a lower rate or you may still be able to pay extra points to do a normal buy down of your interest rate. If rates drop a lot you might be able to refinance again in the v...
by Watty
Fri Apr 18, 2014 4:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lock now or hope rates inch downward?
Replies: 5
Views: 666

Re: Resort Property as Primary Residence

My brother in law and his wife built there retirement home on the Oregon coast and lived there for about five years before moving to Arizona. They were both raised in other parts of Oregon and had a good idea of what they were getting into. They had two main reasons for moving; 1) You would expect t...
by Watty
Fri Apr 18, 2014 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Resort Property as Primary Residence
Replies: 16
Views: 1371

Re: Inherited IRA Options - need some help

- The owner (father) passed away in 2003 before reaching 70.5 yrs old. The penalties for not taking a required minimum distribution from an IRA are ridiculously high, 50% plus taxes, and it sounds like they have missed nine or ten years of them. The first thing to do would be to find a tax professi...
by Watty
Thu Apr 17, 2014 11:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA Options - need some help
Replies: 11
Views: 981

Re: Draft email to investment advisor re outperforming Total

There was a Jim Carrey movie, “Liar Liar” where a lawyer could not lie for a day and always responded with the truth about what he was really thinking. I would imagine that if he got your email on the day he could not lie then his response would be; “OK, you want me to beat the market, I will put yo...
by Watty
Thu Apr 17, 2014 10:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Draft email to investment advisor re outperforming Total Mar
Replies: 24
Views: 2400

Re: Inherited IRA from Merrill Lynch

As of now, I am trying to decide between rolling over the retirement accounts into inherited IRA's with Vanguard or DFA. I have the death certificates and all the required paperwork, but haven't made any decisions yet. I would also like to invest in some specific stocks for the long term. However I...
by Watty
Thu Apr 17, 2014 9:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA from Merrill Lynch
Replies: 8
Views: 849

Re: Little to no income for 2 years- take IRA RMDs up to 37k

Another factor is the ongoing taxes on dividends and capital gains distributions in the taxable accounts. If that means that you pay a half a percent a year in taxes that in effect would lower your return by 0.5% so you might be getting 6.5% a year instead of 7%(or whatever) which would have a huge ...
by Watty
Thu Apr 17, 2014 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Little to no income for 2 years- take IRA RMDs up to 37k?
Replies: 14
Views: 1163

Re: "At Vanguard my voice is my password"

If you say the same phrase each time, what is to keep someone from intercepting and recording your phone call then playing it back later?
by Watty
Wed Apr 16, 2014 11:49 pm
 
Forum: Personal Consumer Issues
Topic: "At Vanguard my voice is my password"
Replies: 24
Views: 2268

Re: Shuttle from Tampa airport to St Pete Beach?

If several people are traveling together a one day one way rental car may be a good option.
by Watty
Wed Apr 16, 2014 11:39 pm
 
Forum: Personal Consumer Issues
Topic: Shuttle from Tampa airport to St Pete Beach?
Replies: 18
Views: 1037

Re: Switching Banks

I have not looked recently but there used to be a clause in the credit card agreement that was hard to understand because of the legalese(cross-collateralization) that meant that they could take money from your other accounts at the institution to pay the credit card if they wanted to. Because they ...
by Watty
Wed Apr 16, 2014 11:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Switching Banks
Replies: 30
Views: 2401

Re: Little to no income for 2 years- take IRA RMDs up to 37k

What is your state income tax rate? If you will be in a state with not state income tax then that might be a more attractive option. I'm assuming that once I begin working after graduation i will be making no less than $40k for the rest of my life, and thus in at least the 25% bracket for the rest o...
by Watty
Wed Apr 16, 2014 10:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Little to no income for 2 years- take IRA RMDs up to 37k?
Replies: 14
Views: 1163

Re: Newly Widowed, what to do with the life insurance money.

Again do not let the numbers and discussion suggest that we are anything but stunned by your needs and situation. +1 Be sure to take your time before you do anything. It would be good to just put the money into an insured CD for six months while you come up with a plan that you are comfortable with...
by Watty
Wed Apr 16, 2014 10:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newly Widowed, what to do with the life insurance money....
Replies: 28
Views: 3249

Re: Mother Of Bog! I'm Uncertain/Frightened To Buy Fund

One thing that I have not seen mentioned is what your options are when you start receiving a social security retirement benefit instead of SSDI at your full retirement age. I am not a social security expert but it would be good to find out what all your options are so you can decide what is best for...
by Watty
Mon Apr 14, 2014 8:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: I Really Would Appreciate Your Advice!
Replies: 72
Views: 2724

Re: Financing the Purchase of Land

I think being surrounded by empty space would help the value of our house. We'd also being happier knowing that no one is going to plop a McMansion in our backyard. Not really, any future buyer would be picturing that McMansion too. Any future buyer would have the same problems with financing an em...
by Watty
Mon Apr 14, 2014 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Financing the Purchase of Land
Replies: 6
Views: 579

Re: Mother Of Bog! I'm Uncertain/Frightened To Buy Fund

I became disenamored with her when I discovered the seemingly insignificant 1.5% cost would be measured in thousands of dollars a year. That 1.5% would have only been the beginning, She would have likely put you into investments that would have cost you a lot more in loads and annual fees too. You ...
by Watty
Sun Apr 13, 2014 11:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: I Really Would Appreciate Your Advice!
Replies: 72
Views: 2724

Re: Proper Money management and itinerary for Europe trip

That is the rout we took last year but we stopped in Florence between Rome and Venice. If you are open to making some changes than instead of six days in Rome you could do four in Rome and two in Florence. The Rick Steve books are worth getting. He has a number of podcasts with walking tours that yo...
by Watty
Sun Apr 13, 2014 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proper Money management and itinerary for Europe trip
Replies: 36
Views: 1873

Re: IRA advice needed

Here are some of the Wiki's that might help you figure out what to do; http://www.bogleheads.org/wiki/Getting_started http://www.bogleheads.org/wiki/Vanguard_target_retirement_funds http://www.bogleheads.org/wiki/Three-fund_portfolio http://www.bogleheads.org/wiki/Lazy_portfolios http://www.boglehea...
by Watty
Sun Apr 13, 2014 9:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA advice needed
Replies: 2
Views: 216

Re: Retirement account beneficiary; family trust?

Naming a trust as a beneficiary is not something that you should try to do yourself without GOOD professional advice. I know of a situation where a trust was named as the beneficiary and the IRA custodian wanted to just cut a check that was made out to the trust which would have made it a taxable di...
by Watty
Sun Apr 13, 2014 9:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement account beneficiary; family trust?
Replies: 13
Views: 1168

Re: To buy or not to buy a new house?

Thanks Watty and Jack. You guys have opened my eyes on asset allocation, asset balance etc. I have one question. If I refinance my current 15 yr @ 3% into a 30 yr at 4.4% will it be a better deal? My Mortgage (P&I) with Escrow will come to $1750. The rent I get will be about $2,200 p.m. I don't...
by Watty
Sun Apr 13, 2014 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy a new house?
Replies: 15
Views: 2162

Re: Lump sum - invest now or later?

I'm also in Georgia and there is sort of a funny situation with the taxes here with the Roth vs Deductible IRA decision that you might want to factor into your decision if you have strong ties to Georgia and have a reasonable chance that you might retire in Georgia. The odd situation is that you can...
by Watty
Sat Apr 12, 2014 11:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lump sum - invest now or later?
Replies: 7
Views: 1024

Re: Lump sum - invest now or later?

Unless you are in a high income career path using a deductible IRA and contributing enough to get below the 25% federal tax bracket next year would likely be a better choice than the Roth. You can split this up and something like $1,500 in a deductible IRA and $4,000 in a Roth as long as the total d...
by Watty
Fri Apr 11, 2014 5:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Lump sum - invest now or later?
Replies: 7
Views: 1024

Re: Retirement...best way to draw on savings

Here is a wiki that you should see http://www.bogleheads.org/wiki/Withdrawal_methods If you have mutual funds in a taxable account then one thing that you might want to do is to make sure that they are set up to not automatically reinvest any dividends or capital gains distribtuions. This would help...
by Watty
Fri Apr 11, 2014 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement...best way to draw on savings
Replies: 3
Views: 730

Re: New to investing, looking for insights

So with the fact that I have about $2000 left over per month after all my expenses are paid, should I begin investing in the 401k (6% of my income = $7500) and begin the magic of compounding and get the company match, or keep saving for a rainy day and begin the 401k when I have a good amount saved...
by Watty
Fri Apr 11, 2014 4:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: New to investing, looking for insights
Replies: 45
Views: 2704

Re: To buy or not to buy a new house?

It looks like you net worth is somewhere in the ballpark of $700K and if you keep the townhouse then along with your new house you would have over a million dollars in residential real estate. That is over 140% of your net worth so just from an asset allocation point of view that seems like it is to...
by Watty
Fri Apr 11, 2014 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy a new house?
Replies: 15
Views: 2162

Re: Paying a load fee for a lower expense ratio?

There's a monthly fee which comes out to an extra .25% ER. My marginal tax bracket could vary between 1.75%, 3.5% and 5.5% (The 3.5% bracket is only $5,000 wide so I could easily jump around depending on how much income I tax shelter). The way that I would look at it is that for $1,000; 1) In the 4...
by Watty
Thu Apr 10, 2014 11:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Paying a load fee for a lower expense ratio?
Replies: 6
Views: 742

Re: Passport validity: Do I need at least 6 months?

Even if you have it planned out OK there is always a chance that your flight will be diverted because of weather or mechanical problems and you could end up some place where it is an issue.
by Watty
Thu Apr 10, 2014 11:04 pm
 
Forum: Personal Consumer Issues
Topic: Passport validity: Do I need at least 6 months?
Replies: 40
Views: 1542

Re: Life in the Bay Area and housing costs

Not be a downer here, but that small chepo house you bought in 1980 and sold would probably be worth over half a million dollars today in Sunnyvale. That may have been one of the biggest financial 'virtual losses' you have made in your life in terms of opportunity cost. (Of course, that doesn't con...
by Watty
Thu Apr 10, 2014 6:41 pm
 
Forum: Personal Consumer Issues
Topic: Life in the Bay Area and housing costs
Replies: 51
Views: 3131

Re: Life in the Bay Area and housing costs

Hello today, My wife and I are government employees living in the South Bay. We've found it tough to buy a home where we live (Santa Clara) and we're giving strong consideration to moving away from Califonia. Other people feel this way at times? Just feels tough to make it here at times. Cheers! It...
by Watty
Thu Apr 10, 2014 6:25 pm
 
Forum: Personal Consumer Issues
Topic: Life in the Bay Area and housing costs
Replies: 51
Views: 3131

Re: How to get parents on a better path

What kind of advice would you give my parents to help start getting on the right path to financial recovery? About the best you could do is to give them one of the Bogelheads books and point them to this board. http://www.amazon.com/s/?search-alias=aps&tag=bogleheads.org-20&field-keywords=B...
by Watty
Wed Apr 09, 2014 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to get parents on a better path
Replies: 14
Views: 1161

Re: Hold/Invest Cash or Put Down on Mortgage?

Putting at least 20% down is usually a good choice since that will get you better loan terms but I would assume that you are asking about putting a lot more than 20% down. I would look at making a larger down-payment from and asset allocation point of view. There are not any magic right numbers but ...
by Watty
Wed Apr 09, 2014 12:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Hold/Invest Cash or Put Down on Mortgage?
Replies: 3
Views: 456

Re: New TV or Sound bar?

I have this one and I am happy with it considering that it cost less than a hundred bucks. http://www.amazon.com/VIZIO-S3820w-C0-38-Inch-Theater-Integrated/dp/B00DG6FOV0/ref=sr_1_2?ie=UTF8&qid=1397014210&sr=8-2&keywords=vizio+sound+bar It noticeably better than the TV speakers but it is ...
by Watty
Tue Apr 08, 2014 11:54 pm
 
Forum: Personal Consumer Issues
Topic: New TV or Sound bar?
Replies: 38
Views: 2213

Re: First Post - Investment and Retirement Help

Auto loan balance are 50k and 18k for $1400 per month. We have another leased vehicle for $750 per month. Unless there is some special situation like it is a deductible business expense then leasing a car is almost never a good choice. With your income I don't see any reason that you should have ca...
by Watty
Tue Apr 08, 2014 11:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: First Post - Investment and Retirement Help
Replies: 4
Views: 374

Re: Lump Sum vs Annuity: A New Question?

I would then withdraw from IRA just enough to keep tax in the 15% bracket to reduced RMD hit later. I would assume that you are filing jointly now and that is where you get the 15% tax bracket from but it is likely that you or your spouse will survive the other one and have many years where they fi...
by Watty
Tue Apr 08, 2014 10:40 pm
 
Forum: Investing - Theory, News & General
Topic: Lump Sum vs Annuity: A New Question?
Replies: 62
Views: 3235

Re: You have more than enough invested, now how to protect i

I have attended several free seminars that discuss the following: There is no such thing as a free lunch. If you want to get aggressive in your financial and estate planning then you really need to find and pay for a fee only financial advisor and estate planning lawyer that will do what is in your...
by Watty
Tue Apr 08, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: You have more than enough invested, now how to protect it
Replies: 9
Views: 1268

Re: Reasonable amount of time to double money with 50/50 AA

You should be able put the numbers into FireCalc to see how that asset allocation has historically done.
by Watty
Tue Apr 08, 2014 12:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Reasonable amount of time to double money with 50/50 AA
Replies: 2
Views: 488

Re: Do I take the separation package offer?

Do companies offer such packages out of moral obligation? With employment at will, couldn't they terminate anyone for a $0 package? Depending on your state law they likely can do that or to pay two weeks in lieu of notice but there are reasons not to including; 1) To get a severance package you wil...
by Watty
Mon Apr 07, 2014 11:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 50
Views: 4656

Re: Do I take the separation package offer?

I don't really get it. You could work 52 weeks and get paid or you could work no weeks and still get paid for 46 weeks. Hmmmm. +1 We are going through a lot of changes at work and it’s not all fun. I could look forward to a year of challenges (rewarding) and aggravation (not so fun). You are over 6...
by Watty
Mon Apr 07, 2014 11:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I take the separation package offer?
Replies: 50
Views: 4656

Re: Moving Advice: How do I make my move economical?

Also check into the price of a one way rental car for a larger car that you might be able to get most of your stuff in. Sometimes when the rental car companies want to relocate their cars they will give a great price for a one way rental. Check directly on each of the major rental car companies web ...
by Watty
Mon Apr 07, 2014 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Moving Advice: How do I make my move economical?
Replies: 16
Views: 888

Re: Cash [inheritance]

You should see this wiki; http://www.bogleheads.org/wiki/Managing_a_windfall Probably the best thing to do is to put into short term CD's or treasury bonds and wait six months to a year to decide what to do with it. A few things to consider though are; 1) If necessary split the money up between seve...
by Watty
Sun Apr 06, 2014 11:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash [inheritance]
Replies: 6
Views: 810

Re: 15 year vs 30 year fixed

putting 10% down (it's a physician loan) I also have the option of a 10/1 ARM available at 3.625% (max rate change at 1st adjustment = 5%). Any thoughts on where this fits in as a viable option between the 15 year fixed at 3.5% and 30 year fixed at 4.875%? It is a poor choice. If you don't have the...
by Watty
Sun Apr 06, 2014 10:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 year vs 30 year fixed
Replies: 62
Views: 5794
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