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Re: Have funds in IRA, should I open a Roth?

This board may be a bit biased towards high income people. The 15% tax bracket doesn't make the Roth an easy of a choice if you will likely have somewhat average income needs when you are retired and will likely be married. For example with Taxcaster an over 65 couple with $25,000 in income and $30,...
by Watty
Sat Dec 20, 2014 11:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have funds in IRA, should I open a Roth?
Replies: 8
Views: 457

Re: Am I being too conservative?

My wife and I are both 29, and I was wondering if you think we are being too conservative at our age? Basing your asset allocation on your age like the "age in bonds" mantra is not the best way to do it for many people since it has a built in assumption that you will work until you are 65...
by Watty
Sat Dec 20, 2014 10:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I being too conservative?
Replies: 14
Views: 771

Re: Major Life Decision -- Do we need to keep working?

I had another idea. You can try running your numbers through firecalc or one of the other simulators to see how that your have worked out in past.
by Watty
Sat Dec 20, 2014 10:23 pm
 
Forum: Personal Consumer Issues
Topic: Major Life Decision -- Do we need to keep working?
Replies: 29
Views: 1920

Re: Car purchase: Buy or Finance

Appreciate any thoughts. Unless you put the money into something with a fair amount of risk there is a very limited upside after taxes to keeping the money and investing it. If you can somehow clear 1% after taxes on $30,000 that is only $300. That is better than a kick in the pants but when you co...
by Watty
Sat Dec 20, 2014 9:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car purchase: Buy or Finance
Replies: 17
Views: 1242

Re: Major Life Decision -- Do we need to keep working?

Allow me to re-frame the decision: Do we have enough ($1.4 million plus social security as described above) that we can pretty confidently pursue what we want? You could easily retire if you needed to but I don't think that there will be a lot left over for things like extensive travel so it would ...
by Watty
Sat Dec 20, 2014 8:36 pm
 
Forum: Personal Consumer Issues
Topic: Major Life Decision -- Do we need to keep working?
Replies: 29
Views: 1920

Re: Tax loss harvesting in excess of $3000

I haven't sold any stock at all this year, so I have no capital gains to cancel out. I did, however, receive thousands in dividends (mostly qualified dividends). If you have any mutual funds in your taxable accounts they may have had capital gains distributions so even if you did not sell anything ...
by Watty
Fri Dec 19, 2014 10:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting in excess of $3000
Replies: 15
Views: 1124

Re: Scared to Invest

Investerguy wrote:Now I have a more diversified portfolio but am concerned about adding to it and face another 10 years of near zero return.


Assuming that you have several decades until you retire that is exactly what would be best for you since you could be accumulating less expensive stock.
by Watty
Fri Dec 19, 2014 10:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Scared to Invest
Replies: 40
Views: 2451

Re: Gaming PC for son, buy or build?

An alternative to trying to build a high end gaming machine and would be to build a MAME (Multiple Arcade Machine Emulator) machine. These run the the old arcade games in emulation mode and you may even have an older computer in your house that you can appropriate for this. An advantage of being abl...
by Watty
Fri Dec 19, 2014 9:57 pm
 
Forum: Personal Consumer Issues
Topic: Gaming PC for son, buy or build?
Replies: 38
Views: 1595

Re: Term life insurance- I don't have it. Do I need it?

I have 3 kids and wife who works 2 days/week



While you are at it be sure to also review how much life insurance your wife should have. In addition to her income it would be expensive to hire someone to do all the things she does if something happens to her.
by Watty
Fri Dec 19, 2014 9:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term life insurance- I don't have it. Do I need it?
Replies: 19
Views: 1359

Re: Having Trouble Finding a Used Car - Would you Hertz/Ente

Would you ever buy a car from Hertz/Enterprise/etc? Any other boglehead ideas for finding a used car? I bought a Camry from Hertz about 12 years ago when I had to buy a replacement car in a short period of time after a cross country move. I couldn't find a good deal on a new car and I did not have ...
by Watty
Fri Dec 19, 2014 9:04 pm
 
Forum: Personal Consumer Issues
Topic: Having Trouble Finding a Used Car - Would you Hertz/Enterpr?
Replies: 20
Views: 1418

Re: Solar USB chargers

It would be for emergencies when the power is out for more than a day or two. I could use my car to charge devices, assuming it runs and I can get gas. One thing to consider for emergencies is if you have a good place to put it that will get lots of direct sunlight and is secure enough to not be st...
by Watty
Fri Dec 19, 2014 12:38 pm
 
Forum: Personal Consumer Issues
Topic: Solar USB chargers
Replies: 14
Views: 1116

Re: Disappointed with sale items

livesoft wrote:Send it back. Telling us will do almost no good. Why aren't you talking to BB?


+1

FYI, I saw an segment on TV a few months ago about how with the some major sellers most of the clothing sold in the factory outlet stores if different than in the main stores.
by Watty
Fri Dec 19, 2014 12:31 pm
 
Forum: Personal Consumer Issues
Topic: Disappointed with sale items
Replies: 20
Views: 1895

Re: Federal Taxes - Sticker Shock (And how to reduce)

What's complicating the issue are the student loans. On one hand, I'd love to knock them out, but the monthly payments are relatively low since they're on extended payment plans. On the other, it's never a bad time to save for retirement. If is more a question of when to pay them off, not if. The i...
by Watty
Fri Dec 19, 2014 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Federal Taxes - Sticker Shock (And how to reduce)
Replies: 56
Views: 4203

Re: Solar USB chargers

What are you trying to do with it?

Other than backpacking it would be an unusual situation when you you would not have access to a car charger or a wall outlet every couple of days.
by Watty
Thu Dec 18, 2014 8:30 pm
 
Forum: Personal Consumer Issues
Topic: Solar USB chargers
Replies: 14
Views: 1116

Re: Approaching retirement, withdrawal strategies?

Here is the link to the wiki on Social Security taxation. http://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits The big question is if the withdrawals from the IRA's will cause them to have more of their Social security taxed each year. That could put them in a much higher than expecte...
by Watty
Thu Dec 18, 2014 3:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Approaching retirement, withdrawal strategies?
Replies: 9
Views: 1028

Re: Home Mortgage payoff

Please let me know if I'm missing anything here and also let me know any further suggestions here. Part of the problem with keeping the mortgage is that you have a “sequence of returns risk” since you will still need to make a mortgage payment each month. To make a fair comparison to having a mortg...
by Watty
Thu Dec 18, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Mortgage payoff
Replies: 22
Views: 2424

Re: Please help another new young investor.

1. What should I add to my ISP? I'm hoping for simplicity.


Never have any debt other than a house mortgage.
by Watty
Thu Dec 18, 2014 11:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Please help another new young investor.
Replies: 13
Views: 1500

Re: Newbie and how to manage a large inheritance

Step 1. Do nothing. Really. It is perfectly acceptable to let this money sit untouched in FDIC insured bank accounts (with account balances below the insurance limit) for 6 months to a year while you develop your game plan. You have absolutely no reason to rush any decisions here. +1 Well there are...
by Watty
Thu Dec 18, 2014 11:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie and how to manage a large inheritance
Replies: 15
Views: 1660

Re: Looking to move inheritance from high-fee advisor

trundle wrote:The prior owner worked with an advisor that we decided to continue working with.


It may have been inherited long enough ago to have significant capital gains.
by Watty
Wed Dec 17, 2014 10:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking to move inheritance from high-fee advisor
Replies: 30
Views: 2611

Re: Favorite Narrators for Fictional Audiobooks

Almost anything by George Guidall is good.

In addition to his ability I suspect that he is so well regarded that he gets his choice of a lot of good books.
by Watty
Wed Dec 17, 2014 10:33 pm
 
Forum: Personal Consumer Issues
Topic: Favorite Narrators for Fictional Audiobooks
Replies: 24
Views: 1189

Re: How do you factor entitlements into your investing plan?

How do you factor entitlements into your investing plan? I factored in the uncertainties by planning to be able to retire in a not lavish but, a more than barely comfortable lifestyle, by the time I was in my late 50's. That way if I came up short I might be able to work for up to another ten years...
by Watty
Wed Dec 17, 2014 10:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you factor entitlements into your investing plan?
Replies: 50
Views: 3990

Re: Ski questions from a Southerner

Is your schedule flexible so that you can switch which day to ski? If not then there is a fair chance that you will have bad weather the day that you are expecting to ski so if you spend a lot on clothing you might not get to use it. I would go to thrift stores and see what you can find there. If yo...
by Watty
Wed Dec 17, 2014 9:18 pm
 
Forum: Personal Consumer Issues
Topic: Ski questions from a Southerner
Replies: 32
Views: 2131

Re: Helping out family members

They graduated college with some student debt (not nearly as much as me though) and recently finished a graduate degree (I don't know if they had to borrow for this but I imagine they did). They didn't find work in their field even after the grad degree though. They recently got married, and their ...
by Watty
Wed Dec 17, 2014 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping out family members
Replies: 64
Views: 4421

Re: Taking advantage of 15% tax bracket

If there is little benifit of one over the other I'll state simple and reinvest. (Thus no second fund) If you buy a second fund and the stock market goes down then you could sell it to take a capital loss. You could use that to offset other capital gains or to offset $3,000 a year in ordinary incom...
by Watty
Wed Dec 17, 2014 8:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of 15% tax bracket
Replies: 6
Views: 1060

Re: Looking to move inheritance from high-fee advisor

What else should I be considering and thinking about here? Thanks for any advice. Be sure to know the tax impact of selling any of the investments before you sell them. Sometimes it is better to stay with a less than ideal investment, even if you move them to a better place, just because of the tax...
by Watty
Wed Dec 17, 2014 7:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Looking to move inheritance from high-fee advisor
Replies: 30
Views: 2611

Re: Investing advice for retired MIL

Thoughts or ideas?


One thing to review is your and your spouses life and disability insurance since she could be in a financial bind if something happened to either of you.
by Watty
Wed Dec 17, 2014 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing advice for retired MIL
Replies: 11
Views: 761

Re: Social Security implications when dividing up income

It gets even more complicated since you could start the benefits at different times and do special claiming strategies like filing and suspending or limited applications so you would need to look at the lifetime cumulative benefit, not just a given year. I don't pretend to understand all the implica...
by Watty
Tue Dec 16, 2014 11:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security implications when dividing up income
Replies: 17
Views: 1921

Re: AA for Early Retirement

2% is not realistic or required. Then what is realistic or required? It gets complicated since your income needs will change over the years as Medicare and Social Security start. There is a big difference too between someone that needs a form $50,000 a year and someone that wants $150,000 a year bu...
by Watty
Tue Dec 16, 2014 10:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA for Early Retirement
Replies: 21
Views: 2275

Re: Invest in One Lump Sum or Spread Out?

There is a wiki that covers this a little bit. Be sure to look though all the links a the bottom of the page. http://www.bogleheads.org/wiki/Dollar_cost_averaging Invest in One Lump Sum or Spread Out? You could also invest half of it as a lump sum then spread out the rest over some time period. That...
by Watty
Tue Dec 16, 2014 10:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Invest in One Lump Sum or Spread Out?
Replies: 9
Views: 606

Re: Social Security implications when dividing up income

divorce after 10 years wouldn't nec make the lower earner worse off if the higher earner was truly high as they r entitled to part of their spose benefit with no loss to the spouse . personally i wouldn't try to game it at all. I believe that the lower earning person spousal benefits would typicall...
by Watty
Tue Dec 16, 2014 10:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security implications when dividing up income
Replies: 17
Views: 1921

Re: Selling Vehicle of Deceased

When we were settling my parents estate one thing that the lawyer said was to not let anyone drive their car until the title had been changed. The problem was that if there was an accident then there MIGHT not be any insurance that would cover you since you did not have the legal owners authorizatio...
by Watty
Tue Dec 16, 2014 10:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling Vehicle of Deceased
Replies: 26
Views: 2067

Re: WHY is retirement enjoyable / something to look forward

What is it that changes to when in people's 40s and 50s they can't wait to retire? I found that at about that age I was starting to regularly go to funerals of people I knew who were more or less my age. I had one year in my early 50's when I went to three funerals of people who were not even retir...
by Watty
Tue Dec 16, 2014 10:13 pm
 
Forum: Personal Consumer Issues
Topic: WHY is retirement enjoyable / something to look forward to?
Replies: 141
Views: 8230

Re: Social Security implications when dividing up income

Epsilon Delta wrote:It's not so much irrelevant as so darn tricky I have no idea where to begin.


+1

Another factor to consider is what would happen if you got divorced(nobody plans on it) and that could cause the best plan to turn out very badly.
by Watty
Tue Dec 16, 2014 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security implications when dividing up income
Replies: 17
Views: 1921

Re: Parking money for 10+ years & tax considerations

Do you have a mortgage? If so the you might be able either pay down, refinance, or do a "mortgage recast" (Google this) to put the money into the house and then each month save the difference in your mortgage payment. The numbers on this could be all over the place and it could be complete...
by Watty
Tue Dec 16, 2014 8:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Parking money for 10+ years & tax considerations
Replies: 13
Views: 1325

Re: Came into money, would like some opinions

Put the money towards the mortgage, refinance to a 15yr which would keep the payments roughly where they're at today but with an early payoff date You already have a great interest rate so I doubt you would get a much better rate on a 15 year mortgage if you factor in the refinancing costs. Instead...
by Watty
Tue Dec 16, 2014 8:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Came into money, would like some opinions
Replies: 4
Views: 905

Re: How do you figure out the best location to buy a house?

One problem with trying to get a real estate agent to help you select an area is that they could be concerned about being accused of illegally steering your to certain area based on your race and religion. http://en.wikipedia.org/wiki/Racial_steering#Lawsuits I ran into this limiting how much help a...
by Watty
Mon Dec 15, 2014 9:43 pm
 
Forum: Personal Consumer Issues
Topic: How do you figure out the best location to buy a house?
Replies: 40
Views: 2909

Re: How much is reasonable to spend on vacation?

.... and it's not reasonable to defer tax-advantaged retirement savings to go on a vacation. ...... That is not a reasonable statement if you mean maxing out all possible retirement accounts. A couple with access to multiple 401k's, IRA, Roths, etc could very well have enough available retirement a...
by Watty
Mon Dec 15, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much is reasonable to spend on vacation?
Replies: 30
Views: 2855

Re: How much is reasonable to spend on vacation?

Hotels are cheap (for NYC) the 24th/25th, but by Saturday night are quite expensive. I don't know about NYC but during times when there are few business travelers you can sometimes get good deals on hotels that normally cater to business travelers on Hotwire. If you look there try to stick with pla...
by Watty
Sun Dec 14, 2014 10:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much is reasonable to spend on vacation?
Replies: 30
Views: 2855

Re: How much is reasonable to spend on vacation?

That being said, I'm 30 yrs old and need to take a short vacation. I'm finding it tough as a Boglehead to spend the money because I keep thinking this 1k or 2k invested in a tax deferred vehicle over 40 yrs would be worth x amount. Yeah, but you would be 70 then if you even live that long and there...
by Watty
Sun Dec 14, 2014 10:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much is reasonable to spend on vacation?
Replies: 30
Views: 2855

Re: How to best use upcoming windfall?

I know that many would suggest paying off the mortgage in full, but my gut tells me that in 10-20 years we will be happy to be paying a a low interest mortgage due to inflation. Furthermore, I would think that over a 10-30 year period, a total market index fund, invested in our taxable account, wou...
by Watty
Sun Dec 14, 2014 6:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to best use upcoming windfall?
Replies: 9
Views: 1303

Re: Best allocation for "emergency" account

I am rethinking this, planning on looking at what is short-term emergency (roof, big car problem, etc), short-term "just now got hit by bus so it need it right now", and longer term but still emergency "recovering from hit by bus and can't yet work" money. Deciding those amounts...
by Watty
Sun Dec 14, 2014 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best allocation for "emergency" account
Replies: 5
Views: 813

Re: 100% equities - my reasoning

HOWEVER I would argue that if I started w/ 100% equities I am already ahead of the 90/10 or 80/20 portfolio before the crash and in the end will end up w/ more money. Even if they were well thought out your arguments it would be good to read some of the research that has been done on asset allocati...
by Watty
Sun Dec 14, 2014 2:50 pm
 
Forum: Investing - Theory, News & General
Topic: 100% equities - my reasoning
Replies: 91
Views: 5904

Re: do people still steal portable GPSs from cars?

I always put my GPS and the cord in the glove compartment out of sight. People will steal anything that they can walk away with, I've seen cars broken into for pocket change. +1 I just heard of a car that was broken into because there was a magazine on the back seat, because there might have been so...
by Watty
Sun Dec 14, 2014 2:29 pm
 
Forum: Personal Consumer Issues
Topic: do people still steal portable GPSs from cars?
Replies: 13
Views: 1936

Re: in the past there was a period when active outperformed

It also seems to be weird time horizons. Even if you limit yourself to the last 50 years there would be about 1250 possible combinations of starting and ending dates. (50 years x 25 average possible ending dates = 1250) Even if it was a fair comparison(which it probably is not) then I would be amaz...
by Watty
Sun Dec 14, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: in the past there was a period when active outperformed
Replies: 30
Views: 1574

Re: Best travel rewards card for my unique situation

One of the things that I like about Europe is that many of the small independent hotels are very nice and affordable and you actually feel like you are in Europe and not in Cleveland. For the most part I avoid the large hotel chains when I am there traveling for pleasure in Europe. If you were trave...
by Watty
Sun Dec 14, 2014 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Best travel rewards card for my unique situation
Replies: 11
Views: 1506

Re: How to help Grandchild with tuition

The parents might be able to get some tax benefit from paying part of the tuition that they could not get for paying the living expenses so it could work out better to pay for those.
by Watty
Sat Dec 13, 2014 10:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to help Grandchild with tuition
Replies: 7
Views: 896

Re: 6 years into career, finally time to address the unavoid

You eluded to concerns about the stock market dropping at several point in your post. It is hard to get used to but at your age you really don't want the stock market to go like gangbusters since you are in the accumulation phase. You really want it to stay low for a while so you can buy stocks at a...
by Watty
Sat Dec 13, 2014 4:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: 6 years into career, finally time to address the unavoidable
Replies: 28
Views: 4585

Re: Debt payoff scheme

This is much higher than my average student loan interest rate of 5.9%.


If that is your average then what is your highest interest rate?

Most likely paying the highest one off first would be a good thing to do, then you could decide what to do next.
by Watty
Sat Dec 13, 2014 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt payoff scheme
Replies: 11
Views: 1058

Re: Roth IRA is not completely free of tax considerations?

I thought that once money is in a Roth IRA it is basically tax free forever and you can do an unlimited amount of buying selling and other churning without any tax whatsoever. That's not true? I don't think that it applies in your situation but one situation that I can think of where trading in a R...
by Watty
Sat Dec 13, 2014 3:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA is not completely free of tax considerations?
Replies: 19
Views: 2468

Re: You folks think [a market crash] is coming?

With oil dropping the way it is and all the uncertainty and fears surrounding the european markets and the end of QE..think a crash is pending? Posts like this could be a good contrary indicator. "You want to be greedy when others are fearful. You want to be fearful when others are greedy. &qu...
by Watty
Sat Dec 13, 2014 10:38 am
 
Forum: Investing - Theory, News & General
Topic: You folks think [a market crash] is coming?
Replies: 64
Views: 5681
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