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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: 2592

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: 562

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: 2592

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: 1659

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: 203

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: 10
Views: 736

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: 2124

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: 816

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: 816

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: 710

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: 28
Views: 1374

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: 2124

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: 737

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: 1404

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: 3044

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: 3044

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: 1044

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: 431

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: 35
Views: 1682

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: 347

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: 3070

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: 1213

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: 477

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: 49
Views: 4033

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: 49
Views: 4033

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: 865

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: 776

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: 48
Views: 4609

Re: 24 y/o investing inheritance

Questions 1) Ideally I would like to have a very simple investment strategy. If I want to go with just a single balanced fund what are the pros/cons of various vanguard options such as Wellington, Balanced Index Admiral Shares, LifeStrategy Growth and Target Retirement 2055. The problem with these i...
by Watty
Sun Apr 06, 2014 10:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: 24 y/o investing inheritance
Replies: 15
Views: 1831

Re: Company offering LTC

would cost $57/month That is almost $700 a year before any future rate increases. If you are not already maxing out all your deductible retirement accounts than depending you your tax brackets you might be able to put about $1,000 into a 401K instead. By the time you are retired, much less 80 or ol...
by Watty
Sun Apr 06, 2014 11:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Company offering LTC
Replies: 11
Views: 1055

Re: Why pay off your house?

As you get older your asset allocation gets more like “your age in bonds”. By the time you are 50 half or more of the money that you could use to pay down the house would be invested in bonds if you don't pay it off, so it becomes harder to make the investments outperform the mortgage rate. A signif...
by Watty
Sat Apr 05, 2014 2:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 8379

Re: 15 year vs 30 year fixed

With your income you could go with a ARM at less than 3% and have it paid off by the time the rate unlocks.
by Watty
Sat Apr 05, 2014 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 year vs 30 year fixed
Replies: 48
Views: 4609

Re: 15 year vs 30 year fixed

You might want to shop further for better rates. There is a large S&L in my area that offers 30 year fixed loans for 4.39%. Jeff +1 With your likely income and state taxes you will be in a high marginal tax bracket so assuming that the mortgage interest is deductible the additional interest tha...
by Watty
Sat Apr 05, 2014 10:24 am
 
Forum: Personal Finance (Not Investing)
Topic: 15 year vs 30 year fixed
Replies: 48
Views: 4609

Re: Potential Move - NYC to Charleston SC

I was in a much different position but years ago I moved from the Bay Area to Oregon to get more affordable housing and to improve the quality of my life. The more affordable housing was nice but realistically on a day to day basis you get pretty used to where you are living, unless you have a bad c...
by Watty
Fri Apr 04, 2014 6:03 pm
 
Forum: Personal Consumer Issues
Topic: Potential Move - NYC to Charleston SC
Replies: 16
Views: 1498

Re: Buying for someone who "has everything"

Tickets to a play or concert are one thing that someone might like but not buy for themselves.
by Watty
Fri Apr 04, 2014 5:19 pm
 
Forum: Personal Consumer Issues
Topic: Buying for someone who "has everything"
Replies: 43
Views: 2275

Re: Home Search: how flexible should we be? 2x-2.5x

Your percentages based on house hold income are pretty meaningless because that varies so much with the interest rates. One thing that I would look at is how your mortgage payments would compare to your current rent and to each of the two houses. I would then look at the additional cost of the dream...
by Watty
Thu Apr 03, 2014 10:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home Search: how flexible should we be? 2x-2.5x
Replies: 10
Views: 1113

Re: Preventing Office Theft of Food and Other Stuff

I don't think people realize that even something as silly as this is grounds for immediate dismissal at some (most) workplaces. It would be an awfully stupid way to lose one's job. And it's good grounds too. Not that swiping a Pepsi is a big loss to the owner, but it reveals a lot about the swiper'...
by Watty
Thu Apr 03, 2014 10:23 pm
 
Forum: Personal Consumer Issues
Topic: Preventing Office Theft of Food and Other Stuff
Replies: 77
Views: 4879

Re: Pay Off Mortgage? Better Advice?

Deciding on paying off your mortgage does not need to be a yes or no choice since you can partially pay it off. One thing to do though is to look into having your mortgage recast (Google this) instead of just paying extra each month. The way that this works is that if the lender agrees to do this th...
by Watty
Thu Apr 03, 2014 10:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage? Better Advice?
Replies: 11
Views: 1144

Re: And suddenly, I'm done...

OK, what's next? I checked my lists once, twice, thrice.. and, it's done.


Something that many people find very hard to do which is to do nothing and just stick to your plan for the next few decades with only doing a very rare minor adjustment.
by Watty
Thu Apr 03, 2014 9:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: And suddenly, I'm done...
Replies: 24
Views: 4917

Re: Mortgage Loans and Retirement

People buy second homes, like vacation houses, with mortgages all the time so you can do a Google search for "second home mortgage" and find lots of information. You could also get a home equity loan on your current house and use that to buy your next house. When moving to a new area peopl...
by Watty
Thu Apr 03, 2014 9:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage Loans and Retirement
Replies: 6
Views: 832

Re: Transmission rebuilt ($2k) or buy a new car? [Honda Civi

In terms of loss of resale value, you already paid for the repair when the transmission went out. The car is basically worthless in its current condition but if you fixed it, you could probably sell it for close to what you pay for the repair. So - I'd go ahead and repair it and if you like the car...
by Watty
Thu Apr 03, 2014 9:29 pm
 
Forum: Personal Consumer Issues
Topic: Transmission rebuilt ($2k) or buy a new car? [Honda Civic]
Replies: 23
Views: 1119

Re: Putting $ away for children

Between the three of them I suspect that the kids likely know more about the situation than your realize from the tax returns if nothing else. I can remember that when I was a kid there were a couple of years when I knew there was not a Santa Clause but I went along with it because it was a good dea...
by Watty
Thu Apr 03, 2014 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Putting $ away for children
Replies: 103
Views: 5347

Re: Post earthquake rebuilding fund (CA bay area resident)

There are a few other expenses that you should be prepared for. The place where you work could also be damaged and the company could close it or lay people off until their building is repaired. You would likely need to rent someplace else to live(if you can find a place) while the repairs are done a...
by Watty
Wed Apr 02, 2014 5:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Post earthquake rebuilding fund (CA bay area resident)
Replies: 3
Views: 290

Re: Pay Off Mortgage

The only reason that I would not to it would be if you would not be able to max out all your tax advantaged accounts. Is there anything else I need to do? If you had an escrow account be sure that you get all the bills paid that it was paying. It is not uncommon for something to slip through the cra...
by Watty
Wed Apr 02, 2014 5:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage
Replies: 56
Views: 3763

Re: 401k vs Roth?

Issues: There's uncertainty in every one of the assumptions. Here are some of them: Add "life happens" to your list. I'm not retired yet and I've already seen a lot of people near my age run into career setbacks, health problems, or life changes when meant that they retired in a lower tax...
by Watty
Tue Apr 01, 2014 5:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k vs Roth?
Replies: 12
Views: 919

Re: Maintenance $$'s spent over the lifetime on your Car

Mileage on the Car is about 115K


What type of car it it? You might be surprised how much you can get for it.

Check to see what you could sell it for then you can figure out the net cost to upgrade vs the maintenance.
by Watty
Tue Apr 01, 2014 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Maintenance $$'s spent over the lifetime on your Car
Replies: 38
Views: 2303

Re: Signing bonus as 401k contribution?

Does the bonus need to be returned if you do not stay there for a period of time?
by Watty
Tue Apr 01, 2014 5:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Signing bonus as 401k contribution?
Replies: 14
Views: 1233

Re: Company offering LTC

Don't get your hopes up that it will be anything special that your parents can sign up for. What questions should I be asking or do I even need to go? Can you keep it if you leave the company and will it be at the same rate with the same converge. Is this inflation adjusted? The problem is that at y...
by Watty
Tue Apr 01, 2014 6:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Company offering LTC
Replies: 11
Views: 1055

Re: Need help with time share offer

Time share ownership for 8400 points/year one time cost $48,900 Closing cost $1195 Annual club membership cost after that $1181 Total cost 50,095 $50k * 52 weeks would make that a $2.6 million dollar condo/ Even allowing for less prime weeks you are likely talking about at least a $1.5 million doll...
by Watty
Mon Mar 31, 2014 5:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need help with time share offer
Replies: 22
Views: 1516

Re: should I convert my rollover 401k to Roth IRA?

There is a wiki on this that you should check out; http://www.bogleheads.org/wiki/Traditional_versus_Roth In your tax bracket sticking with the deductible traditional accounts is an easy choice for future contributions at least until you get to the point where you are maxing out all your deductible ...
by Watty
Sun Mar 30, 2014 11:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: should I convert my rollover 401k to Roth IRA?
Replies: 5
Views: 285
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