Search found 6166 matches

by Watty
Wed Sep 02, 2015 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Deplete E-Fund, or Put it on Credit?
Replies: 11
Views: 472

Re: Deplete E-Fund, or Put it on Credit?

I always pay for car repairs with a credit card so that I can dispute the CC charge if there is a problem with the repair a week later. That also give me at least a 2% rebate. I then it off by the due date. In your case though I would go on and leave it on the credit card so you still had some cash ...
by Watty
Wed Sep 02, 2015 9:07 am
Forum: Investing - Theory, News & General
Topic: Selling all equities, discuss why I'm wrong. :)
Replies: 102
Views: 5379

Re: Selling all equities, discuss why I'm wrong. :)

Why did I decide to sell the equities (and reits) now? A few problems, 1) What makes market timing like this so hard to do is that you have to be right twice, when you sell and then again when you get back into stocks. The odds of being right twice are pretty small. 2) Everyone already knows everyt...
by Watty
Tue Sep 01, 2015 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loans and my house
Replies: 12
Views: 1193

Re: Student Loans and my house

Then, as I hear it, the loan payments or the interest on the loan payments would be tax deductible, and I would likely get a better interest rate. Is this true? Only the interest on the first $100,000 of a cash out refinance would be deductible on your federal taxes. Your state may have different r...
by Watty
Tue Sep 01, 2015 10:31 pm
Forum: Personal Consumer Issues
Topic: How Do You Find Employment Today?
Replies: 19
Views: 2070

Re: How Do You Find Employment Today?

It would also be worthwhile to consider a purchasing job instead of a sales job. Some of the people that she used to sell to might be able to use her knowledge of the product and sales process for their purchasing department so she could contact them about a job. It sounds like she was mostly paid h...
by Watty
Tue Sep 01, 2015 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Obtaining a HELOC - Need help
Replies: 4
Views: 269

Re: Obtaining a HELOC - Need help

You didn't say what you needed the money for. I would assume that it is for the down-payment on the next house and that you will pay it off in a couple of months when your house sell. If so this can cause two problems. 1) Few people will want to lend you money with a normal home equity loan for two ...
by Watty
Tue Sep 01, 2015 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Chip credit cards, do I need to get a PIN?
Replies: 38
Views: 1972

Re: Chip credit cards, do I need to get a PIN?

Just FYI, Having the PIN number to get cash advances from a credit card at an ATM can be a good backup to your ATM card when you are traveling in case there is a problem with your ATM card. I have a PenFed card that has no cash advance fee and no foreign transaction fee so I use that to get cash whe...
by Watty
Tue Sep 01, 2015 9:07 pm
Forum: Personal Consumer Issues
Topic: Repair it? Or get something new? [Car]
Replies: 9
Views: 940

Re: Repair it? Or get something new?

I originally paid $8k for this car in 2009. Total repairs since then have probably cost 4-5k not including what it needs now. My other option is to trade in for something a little newer. I'm currently looking at possible 2013 Scion BRZ/Scion FR-S. My trade in value for the Eclipse would likely be a...
by Watty
Tue Sep 01, 2015 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Move now or wait?
Replies: 18
Views: 1567

Re: Move now or wait?

It seems that I am getting pressured against time to react quicker and it could be a costly mistake. I think that you are putting a lot of that pressure on yourself by looking for a quick fix. The only real quick fix I can see is to sell the house and move to a rental or a very inexpensive house. T...
by Watty
Tue Sep 01, 2015 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Move now or wait?
Replies: 18
Views: 1567

Re: Move now or wait?

If you are itemizing your deductions then you would have to adjust any savings to account any tax savings that you are getting for the mortgage interest and property taxes. It would be good to do a dummy tax return to see what the after tax savings really are. What are are interest rates on your cur...
by Watty
Tue Sep 01, 2015 12:18 am
Forum: Personal Finance (Not Investing)
Topic: About to close on a home we have overbid on - have cold feet
Replies: 56
Views: 6592

Re: About to close on a home we have overbid on - have cold feet

The 3% is a large chunk of money, To put it into perspective how many months interest and property taxes is that? You will need to get an attorney right way but one thing the seller does not want is for the house to be tied up in the courts for six months or more with you trying to back out of the ...
by Watty
Mon Aug 31, 2015 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund re: severance, unemployment
Replies: 20
Views: 1130

Re: Emergency Fund re: severance, unemployment

Jack FFR1846 wrote:What if they fire you. Then you get no severance and no unemployment.



I have also seen situations where the work situation got so bad that people quit without having another job lined up just to maintain their sanity and professional integrity, and that was the right thing to do.
by Watty
Mon Aug 31, 2015 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund re: severance, unemployment
Replies: 20
Views: 1130

Re: Emergency Fund re: severance, unemployment

Considering the above, that money might be better served in a growth account vs. a preservation account. The problem with this is that you might need the money when the growth account is down 30% in one of the periodic market swings. The solution to that is that you build up a larger growth account...
by Watty
Mon Aug 31, 2015 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Roth vs. traditional 401K - Taking advantage of low-income year
Replies: 9
Views: 654

Re: Roth vs. traditional 401K - Taking advantage of low-income year

Am I thinking about this the right way? Are there any hidden factors I should consider? You need to also take your state taxes into account, especially if you might move to a different state some day that has higher or lower state taxes. With the income from the conversion you might not qualify for...
by Watty
Mon Aug 31, 2015 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Friend's proposed RMD strategy--A little different
Replies: 55
Views: 4249

Re: Friend's proposed RMD strategy--A little different

A friend told me about his RMD strategy today. Friend's RMD is more than he can spend, so he reasoned that he would take RMD when the market dropped so he could take more shares, thus reducing next RMD. The RMD was moved to a taxable account that is marked for heirs and he will never withdraw from ...
by Watty
Mon Aug 31, 2015 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help with parents retirement plan
Replies: 6
Views: 870

Re: Help with parents retirement plan

Be sure to look at all the details of when they should start social security, there are so many possible combinations of when to start, restricted application, and filing an suspending that it get real complex real fast. There on online services that will crunch their numbers for about $50 and make ...
by Watty
Mon Aug 31, 2015 11:10 am
Forum: Personal Consumer Issues
Topic: Road Trip; Denver, Casper, Deadwood, Mt. Rushmore
Replies: 14
Views: 548

Re: Road Trip; Denver, Casper, Deadwood, Mt. Rushmore

If you not been there yet then from Casper I would head toward Yellowstone and the Grand Tetons instead of Mt. Rushmore. It would be good to double check on what weather to expect since in some areas you could be getting some early snow by then, or there could be some frost or ice on the roads and b...
by Watty
Sun Aug 30, 2015 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Is This Contributing To Much To Retirement?
Replies: 12
Views: 1748

Re: Is This Contributing To Much To Retirement?

One thing to watch out for is that retirement accounts are great for retirement savings but there can be pitfalls with them for estate planning. By the time you are in your 30's and have been saving like that for a while it would be good to eventually start getting professional estate planning. If y...
by Watty
Sat Aug 29, 2015 11:20 pm
Forum: Personal Consumer Issues
Topic: Lookup UPC codes off old receipts
Replies: 2
Views: 267

Re: Lookup UPC codes off old receipts

You will likely have a hard time finding older information like that since a given item might have many different UPC codes depending on the packaging and the promotional inserts that are included with it. For example a TV might be sold with inserts for a Netflix free trial and that could have a dif...
by Watty
Sat Aug 29, 2015 10:48 pm
Forum: Investing - Help with Personal Investments
Topic: Is This Contributing To Much To Retirement?
Replies: 12
Views: 1748

Re: Is This Contributing To Much To Retirement?

One concern: You've got most of that going into tax-deferred accounts, which is ordinarily great. But if you are considering a *very* early retirement, then do keep in mind that you won't be able to access that money until you are older, or, at least, be prepared for to pay the penalty to get that ...
by Watty
Sat Aug 29, 2015 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Best use of a Roth
Replies: 4
Views: 695

Re: Best use of a Roth

If you will be investing in taxable accounts too then some people would suggest putting the international stocks in the taxable account so that you can claim the foreign tax credit. http://www.bogleheads.org/wiki/Principles_of_tax-efficient_fund_placement Would welcome your thoughts. Investment advi...
by Watty
Sat Aug 29, 2015 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Is this 401(k) even worth it?
Replies: 16
Views: 974

Re: Is this 401(k) even worth it?

With your income you could likely make a deductible IRA contribution instead, unless you have a spouse with a lot of income. http://www.irs.gov/Retirement-Plans/2015-IRA-Deduction-Limits-Effect-of-Modified-AGI-on-Deduction-if-You-Are-Covered-by-a-Retirement-Plan-at-Work Depending on what your spouse...
by Watty
Sat Aug 29, 2015 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Paying for a big ticket item on retirement?
Replies: 22
Views: 3107

Re: Paying for a big ticket item on retirement?

If you have paid off cars that are worth a similar amount you may be able to get car loans at around 2% which would be better than the RV or home equity loan. Check on the terms of any 401k loans. Some companies will not allow you to make contributions while you have a 401k loan. If you take out any...
by Watty
Sat Aug 29, 2015 10:14 am
Forum: Personal Consumer Issues
Topic: Prius owners and rest of Bogleheads
Replies: 33
Views: 2261

Re: Prius owners and rest of Bogleheads

Prius V - negotiated a 2012 with 15K miles to approx 20K OTD - monthly payment of $215 for a 7 yr 16K loan or $288 for a 5 year loan. With gasoline savings this would translate to net of $140 or $213 for said amount of years Prius - a 2012 that is currently at $14,500. It has 45K miles. Negotiation...
by Watty
Sat Aug 29, 2015 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Anyone use a different target retirement year then when they will retire???
Replies: 18
Views: 1261

Re: Anyone use a different target retirement year then when they will retire???

One thing some people don't realize is how different the asset allocation is in different companies target date funds with the same date. You need to look at the details to know what you are getting and one. I would be cautious about being too aggressive, in addition to stock market gyrations causin...
by Watty
Fri Aug 28, 2015 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to prevent lifestyle creep
Replies: 28
Views: 3658

Re: Trying to prevent lifestyle creep

Any suggestions that people have found to be very helpful? With your discretionary money you get a lot more value for your money by "buying experiences" and not "stuff". For example last year you likely got a number of presents for holidays and your birthday. How many of them ca...
by Watty
Fri Aug 28, 2015 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund or debt?
Replies: 15
Views: 906

Re: Emergency fund or debt?

Emergency fund. If something happens like a job layoff then you would in a bind real quick and not be able to make the next months payments. Your HELOC would likely be frozen and you would not be able to get any more credit cards, much less a zero interest credit card. You may be in a worse bind tha...
by Watty
Fri Aug 28, 2015 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How would you help setup younger sibling?
Replies: 21
Views: 1276

Re: How would you help setup younger sibling?

If your bother has some sort of special needs then it can get tricky since some of the other assistance and Medicaid that he might be able to get could be based on what assets he has. I would just put the money into a separate account and then give it to him later as he needs it. If you are not marr...
by Watty
Fri Aug 28, 2015 8:56 am
Forum: Personal Consumer Issues
Topic: Debating whether to keep current vehicle or purchase another
Replies: 70
Views: 4693

Re: Debating whether to keep current vehicle or purchase another

Trade in value is maybe somewhere between $400-$500. When I do find another car, I'm debating whether to trade this car in or keep it as a backup. I understand I'd have to pay for a license, insurance, etc. I just have liability ins on this car since it is worth so little so insurance shouldn't cos...
by Watty
Fri Aug 28, 2015 8:44 am
Forum: Personal Consumer Issues
Topic: Debating whether to keep current vehicle or purchase another
Replies: 70
Views: 4693

Re: Debating whether to keep current vehicle or purchase another

Here are some repairs that I made over the past year: Windshield Replacement ($300) Wheel Bearing Issue ($250) Brake Line Repair ($500 total for two separate repairs) Also put new tires on last fall and brakes in the spring. That is $1,050 and the car probably depreciated another couple of hundred ...
by Watty
Thu Aug 27, 2015 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate to your kid's public school?
Replies: 60
Views: 4435

Re: How much do you donate to your kid's public school?

The school( Public ) is asking for donation, $250/child for PTO, and $1500/child for the district foundation. That is likely coming from the PTO or PTA and not the school. When my son was in school the PTO had fund raisers that were used for things like new fancy electronic scoreboards on the footb...
by Watty
Thu Aug 27, 2015 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance suggestion needed from the Maths wizards :)
Replies: 17
Views: 1783

Re: Refinance suggestion needed from the Maths wizards :)

wingz wrote:HHI 200k
......
End goal is to get rid of mortgage as soon as possible.


If HHI is house hold income then I would think you could pay off at least $50K a year and have it gone in three years which would make a refinance unnecessary.
by Watty
Thu Aug 27, 2015 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4489

Re: Early retirement with a pension

Even then he may keep the shifts as they are so I'm planning on being stuck on this shift for the next 4 years. I have a 7 year old and a 9 year old children who both need to be driven to and from private school has made this even harder as most of the burden falls on my wife and in laws. A lot can...
by Watty
Thu Aug 27, 2015 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much for retirement?
Replies: 46
Views: 6792

Re: Am I saving too much for retirement?

I my biggest concern is buying a house or condo. I would like a roomier place to live than a one room apartment. I’ve always rented. I’m afraid buying a place will be a fair bit more expensive. I don’t think I can afford it and continue to invest as much as I have been. Property is somewhat expensi...
by Watty
Wed Aug 26, 2015 10:55 pm
Forum: Personal Consumer Issues
Topic: Time to upgrade my HVAC?
Replies: 22
Views: 2283

Re: Time to upgrade my HVAC?

...and not compatible with my furnace. That triggered my B.S. alarm. Replacing a 13 year old furnace at the same time would probably make sense but it sounded like you were being manipulated. There could be some issues with different brands like if your furnace is a Trane brand and the person givin...
by Watty
Wed Aug 26, 2015 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum vs Life Annuity Payment from Employer
Replies: 4
Views: 930

Re: Lump sum vs Life Annuity Payment from Employer

A few things to think about. 1)You might want to have a really good physical before you decide to get the most information possible about any health issues you might have. 2) If it is an annuity from an insurance company and not a pension that is guaranteed by PBGC then you also need to look at the ...
by Watty
Wed Aug 26, 2015 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Not pleased with promotion. What to do?
Replies: 15
Views: 3244

Re: Not pleased with promotion. What to do?

One thing to look at is how your old job got done when you were out of the office on vacations. That might give a clue about how to handle that work now, or if some of it does not really need to be done.
by Watty
Wed Aug 26, 2015 8:57 am
Forum: Personal Consumer Issues
Topic: Barcode generator
Replies: 7
Views: 903

Re: Barcode generator

You can also do this several different ways in Excel and you can do a Google search for that. An easier solution if you just need a sequential number would be to just order them online and let someone else print them and mail them to you. Here is a search for "preprinted barcode labels" on...
by Watty
Wed Aug 26, 2015 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much for retirement?
Replies: 46
Views: 6792

Re: Am I saving too much for retirement?

I make $55,000 That is pretty near the average household income in the US but a lot of people on here live in high cost of living areas or are earning high incomes so some of the prior negative comments could have been incorrect since they were comparing your situation to what their situation looks...
by Watty
Tue Aug 25, 2015 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents (no TLH question for a change of pace)
Replies: 6
Views: 737

Re: Helping Parents (no TLH question for a change of pace)

The ER's they would be paying would likely not be related to the share classes. If your Mom will retire in a few years the ER's may not matter much compare to the tax advantages since she could roll it out to an IRA then. Any loads would still be a big problem but those are extremely rare in retirem...
by Watty
Tue Aug 25, 2015 6:58 am
Forum: Personal Consumer Issues
Topic: Commuter Car Purchase after College
Replies: 24
Views: 2198

Re: Commuter Car Purchase after College

A few things; 1) Do you really need to do anything right now? If you waited until the end of the year to buy a car that would only be about 100 days of commuting so the extra gas costs may not be that much. It would be good to get settled in your new job and get used to what your budget will be when...
by Watty
Tue Aug 25, 2015 6:20 am
Forum: Investing - Help with Personal Investments
Topic: Question about Vanguard policy on use of money market fund as temporary holding place
Replies: 11
Views: 1071

Re: Question about Vanguard policy on use of money market fund as temporary holding place

mister_sparkle wrote: but I assumed it was because I was below the minimum balance requirement.


I would not make assumptions like that. It would be good to call them and ask them.
by Watty
Mon Aug 24, 2015 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help with parents retirement plan
Replies: 6
Views: 870

Re: Help with parents retirement plan

It would be good to know what there income needs are and if they will have a pensions and social security and how much of their income needs that would cover. Likewise do they own a house or have a mortgage? Since they are in a combined 20% tax bracket they may want to max out their 401K accounts. T...
by Watty
Mon Aug 24, 2015 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: my retired mother's predicament
Replies: 55
Views: 6876

Re: my retired mother's predicament

....she wants to sell now and hold onto the remaining money she has now, which is about 35K. With already being retired and only having $35K she will may be spending that in the next few years, if so that is too short a time to have that money invested in stocks. Putting it into something like CD's...
by Watty
Mon Aug 24, 2015 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: All I can afford is to max my roth: an investment plan
Replies: 25
Views: 1871

Re: All I can afford is to max my roth: an investment plan

Buying a house with a girlfriend is a disastrously bad decision. Add to that that people change their most throughout their 20s, not just in personality, but in where they want/need to live... baaaad idea! +1 There have been a lot of posters here that ran into big problems doing that. If you do buy...
by Watty
Mon Aug 24, 2015 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Parents (no TLH question for a change of pace)
Replies: 6
Views: 737

Re: Helping Parents (no TLH question for a change of pace)

A quick look shows high front-end charges, 12-1b, and 1.0%+ ER's. Be sure that you are looking at their plan literature or the web site when they are signed on to in. The fees in plan may be much different than what you might find on the internet. My old company was switching 401K plans and we had ...
by Watty
Mon Aug 24, 2015 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Making an offer on a house where the owner has filed bankruptcy
Replies: 14
Views: 1458

Re: Making an offer on a house where the owner has filed bankruptcy

My gut feel is that the odds are stacked against you getting a good deal since making a backup offer on this house since the only way that you would get it would be if the person with the accepted offer backed out of the deal for some reason. I have bought a house without using a lawyer, which is co...
by Watty
Mon Aug 24, 2015 10:27 am
Forum: Personal Consumer Issues
Topic: Good Solo Vacation
Replies: 15
Views: 1965

Re: Good Solo Vacation

....and meet some single people? ..... in March of next year? I took my family to Ireland in May a while back when my son was 17. We mostly stayed at hostels and I expected that my son would be able to to meet some younger people in the hostels. What we found was that the vast majority of the peopl...
by Watty
Mon Aug 24, 2015 9:31 am
Forum: Personal Consumer Issues
Topic: Oversized HVAC?
Replies: 39
Views: 4064

Re: Oversized HVAC?

How does that compare to the size of your old system?
by Watty
Mon Aug 24, 2015 9:16 am
Forum: Personal Consumer Issues
Topic: Scoring a deal on a boat
Replies: 31
Views: 3062

Re: Scoring a deal on a boat

They say the two happiest days of your life are the day you buy a boat and the day you sell it. Cute line, never thought it had any merit. If you use your boat (safely and can afford it) you can have many great memories and experiences. People who do not use their boat or worry about the $100 chees...
by Watty
Mon Aug 24, 2015 9:05 am
Forum: Investing - Help with Personal Investments
Topic: 40 years with MegaCorp...Retiring Friday
Replies: 22
Views: 3419

Re: 40 years with MegaCorp...Retiring Friday

Congratulations :beer I retired a little over a month ago and it feels great. A few changes; 1) Now seven hours of sleep is a bad nights sleep instead of a good nights sleep. 2) I go for a long walk most days and much of the rest of the day I am moving about doing things instead of sitting at a desk...

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