Search found 5996 matches

by Watty
Thu Jul 30, 2015 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Does % of students from low income households factor when you pick schools for kids?
Replies: 36
Views: 2072

Re: Does % of students from low income households factor when you pick schools for kids?

I am trying to understand the effect of this on the kids that go to this school. On another post, someone suggested picking schools with single digit percentage of students coming from low income households. What is your view on a right %? If by low income you are talking about poverty levels of in...
by Watty
Thu Jul 30, 2015 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Buying the house I am renting.
Replies: 10
Views: 725

Re: Buying the house I am renting.

The taxes on selling a rental property can be high so don't be too disappointed if they decide not to sell it, or if they come back with a high price, once they look at all their numbers. This is a lot different than when a landlord wants to sell the house and started the conversation. They may not ...
by Watty
Wed Jul 29, 2015 10:32 pm
Forum: Personal Consumer Issues
Topic: Need car for 6 months a year. Best ideas?
Replies: 16
Views: 1230

Re: Need car for 6 months a year. Best ideas?

One thing to watch out for is that your car registration might expire while you are out of the country so you would need to plan for that so you don't run into problems when you go to renew it months late. Also check when your drivers license expires. There are no short-term leases. I have never had...
by Watty
Wed Jul 29, 2015 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Any COBRA Experts? Will This Plan Work?
Replies: 9
Views: 455

Re: Any COBRA Experts? Will This Plan Work?

The people in the HR department at your new company might be able to answer some of your questions that might be state specific. I just retired and the HR people said that they normally don't send out the Cobra paperwork for while after you have left the job. That is a pretty common way that people ...
by Watty
Wed Jul 29, 2015 9:11 am
Forum: Investing - Theory, News & General
Topic: A bit of gold?
Replies: 45
Views: 2458

Re: A bit of gold?

This makes a huge difference since and actual investment will have significant extra costs for things like storage, insurance, and administration. Even if you are holding physical gold there are storage and insurance costs. Unless you don't insure it. I don't, I just keep it my safe that I already ...
by Watty
Tue Jul 28, 2015 5:24 pm
Forum: Investing - Theory, News & General
Topic: A bit of gold?
Replies: 45
Views: 2458

Re: A bit of gold?

I have been running some portfolio simulations with portfoliovisualizer.com and it looks like since 1972, adding gold to one's portfolio improves returns and reduces volatility. Here's the efficient frontier. Did you do that based on the price of gold, or some actual gold holding investment like th...
by Watty
Tue Jul 28, 2015 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement finances for two
Replies: 8
Views: 1417

Re: Retirement finances for two

I am wondering what others think and if I am missing anything. You need to think through how to optimize the Social Security claiming strategy. In addition to both of you having your own Social Security account you can claim on your ex-spouses accounts if you were divorced after ten years or widowe...
by Watty
Tue Jul 28, 2015 4:03 pm
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6074

Re: wife got in wreck with Honda CRV - no collison coverage

5. I do not like other's commenting on my driving so my spouse better tread carefully when recommending a defensive driving class. If the string of accidents just started within the last few years it would be good to have her get a good physical and talk with her doctor to see if the accidents migh...
by Watty
Mon Jul 27, 2015 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: New Car - Cash or Finance?
Replies: 32
Views: 2320

Re: New Car - Cash or Finance?

Since I can get about 3% with Vanguard's High Div Yield fund, I am wondering if I should finance? With all the volatility in the market, I would prefer to keep as liquid as possible. You mentioned volatility. That fund could drop by 10% or more just through a random correction at that would not be ...
by Watty
Mon Jul 27, 2015 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: What advice would you give...Salary bumping up from 37k to 45k annually
Replies: 15
Views: 1361

Re: What advice would you give...Salary bumping up from 37k to 45k annually

What is the one piece of advice you would give someone in their mid-thirties whose salary is going up from $37,000 a year to $45,000 ... What I did throughout my working life was to automatically save 1/2 of the net (after taxes and payroll deductions) of every pay increase I ever received. Edited ...
by Watty
Mon Jul 27, 2015 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: refi with a 5/1 arm
Replies: 11
Views: 894

Re: refi with a 5/1 arm

I know that if I go past the 5 years, my rate almost certainly will go up, but I plan to sell in 3-4 years, and that still gives me a 1-2 year cushion to sell. Any reason I shouldn't do this? Your break-even point is longer than that since even after the interest rate goes up it will take a while u...
by Watty
Sun Jul 26, 2015 10:03 pm
Forum: Investing - Theory, News & General
Topic: estimate future real returns ?
Replies: 16
Views: 1267

Re: estimate future real returns ?

It is a bit brute force but you can see what the historical ten year returns would have been by using firecalc.

http://www.firecalc.com/

On the first page enter 0 spending, $1,000, and 10 years.

You can change the portfolio in the "Your Portfolio" tab.
by Watty
Sun Jul 26, 2015 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard question. What to do with 80,000k in cash
Replies: 11
Views: 1427

Re: Vanguard question. What to do with 80,000k in cash

Keeping the $20K at the local bank sounds OK to me. There might be a few ways to park it somewhere that will pay you trivial amount more but since that is your emergency money you should have quick access to it. Here is a link to the getting started page that might help. http://www.bogleheads.org/wi...
by Watty
Sun Jul 26, 2015 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: hoping for thoughts, advice; unmarried couple in 70's
Replies: 21
Views: 2113

Re: hoping for thoughts, advice; unmarried couple in 70's

Another reason to simplify is that having a complex portfolio will be hard to manage as you get older. There is nothing wrong with using a target retirement or life strategy fund in the retirement accounts. I might have missed it but the big question in my mind is if you will be inheriting each othe...
by Watty
Sun Jul 26, 2015 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Mom - I'm Concerned About Her Advisor
Replies: 24
Views: 1816

Re: Helping Mom - I'm Concerned About Her Advisor

I am still not sure what fee the advisor takes but I would guess at least 1.00%. Opionions vary some but once she retires then the Safe Withdrawl Rate that she will be able to take out of her portfolio each year is about 4%. http://www.bogleheads.org/wiki/Safe_withdrawal_rates If that 1% was all th...
by Watty
Sun Jul 26, 2015 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Is selling our home the right decision?
Replies: 3
Views: 828

Re: Is selling our home the right decision?

It is impossible to know if selling it or not is the best financial move but with questions like this I like to turn the question around and ask something like "If your Mom did not own the house but had the cash and could qualify for a mortgage, then would buying the house be an easy and great ...
by Watty
Sun Jul 26, 2015 6:47 pm
Forum: Personal Consumer Issues
Topic: Can you return food at a restaurant and not have to pay for it?
Replies: 46
Views: 4347

Re: Can you return food at a restaurant and not have to pay for it?

At the end of the meal, I was given the panini boxed up to take home and we were NOT billed for it. At that price point I am not surprised that they let you order something else because not doing that could have resulted in a bad online review. It does sound unusual that they would give you the pan...
by Watty
Sun Jul 26, 2015 6:38 pm
Forum: Personal Consumer Issues
Topic: Would you look down on a co-worker for driving a beater?
Replies: 168
Views: 10026

Re: Would you look down on a co-worker for driving a beater?

Since you're asking this question, it's likely that you KNOW your coworkers will judge you. If you're confident with yourself, it shouldn't matter, but that's easier said than lived. I don't care what kind of car someone drives, but that's because I value spending my money on experiences, which isn...
by Watty
Sun Jul 26, 2015 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Business Class 1-way tickets
Replies: 4
Views: 563

Re: Business Class 1-way tickets

It would be worth calling the airline, even though the tickets you bought are non-refundable you may still be able to upgrade them to business class. Many non-refundable tickets can still be changed for fee, you just can't get a refund.
by Watty
Sun Jul 26, 2015 5:38 pm
Forum: Investing - Theory, News & General
Topic: Scott Burns – Don’t quit your day job.
Replies: 103
Views: 10319

Re: Scott Burns – Don’t quit your day job.

Waaa waaaa waaaaa Life is so hard. I can never retire. I better work until I'm 75 and then use a 1.5% withdrawal rate. Seriously people. It isn't half as dismal as most people seem to think for various reasons. # 1 You probably won't live 30 years after a standard retirement anyway. Average is 19 y...
by Watty
Sun Jul 26, 2015 10:59 am
Forum: Investing - Theory, News & General
Topic: Scott Burns – Don’t quit your day job.
Replies: 103
Views: 10319

Re: Scott Burns – Don’t quit your day job.

From the link. Retirement isn’t what it used to be. No one knew it at the time, but the 1980s were the Golden Age of Retirement. Pensions were generous back then. Whether you invested in stocks or bonds, the proverbial wind was at your back. Both provided handsome annual returns. Many retirees found...
by Watty
Sat Jul 25, 2015 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) loan and I'm changing jobs
Replies: 17
Views: 1148

Re: 401(k) loan and I'm changing jobs

I have a 2014 Jetta with a 15k loan balance. I don't think I can get a title loan because there isn't enough equity in the vehicle. I think the vehicle is worth about 22k. You can get a new car loan for 100% of the cars current value. https://www.penfed.org/Auto-Loans-Overview/ A few others, Cash a...
by Watty
Sat Jul 25, 2015 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Golden handcuffs - help with vested retirement plan
Replies: 28
Views: 2998

Re: Golden handcuffs - help with vested retirement plan

My employer has an unusual/annoying retention tactic: That is a pretty common vesting schedule for a 401k match or employer contribution. That is the way my 401K match was vested. They used to often be much worse but the rules changed a few years ago. At one point I worked for a plan that had "...
by Watty
Fri Jul 24, 2015 10:02 pm
Forum: Personal Consumer Issues
Topic: Home Warranty company wrongfully denying claim
Replies: 15
Views: 1451

Re: Home Warranty company wrongfully denying claim

Take a look at the contract, there is likely an clause in it that any disputes need to be settled by arbitration. There may be several steps that you need to take to follow to have a chance to win in arbitration so be be sure to look for those.
by Watty
Fri Jul 24, 2015 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Sold a house, bought a house – now, what to do with savings?
Replies: 7
Views: 917

Re: Sold a house, bought a house – now, what to do with savings?

want to pay off the mortgage early, but to me turning that money illiquid won't help the cash flow, That is not true. You can check with the lender and they would likely be willing to "recast the mortgage" (google this) if you make a large prepayment. For example if they agreed to recast ...
by Watty
Fri Jul 24, 2015 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Father passed - helping my mom invest her assets
Replies: 24
Views: 2505

Re: Father passed - helping my mom invest her assets

I agree with the comments that would be best to wait for a while before addressing what her long term plans should be. I suspect that your dads reported income may have been a lot better than you think so there may be a good Social Security benefit on his account. This is because they recently quali...
by Watty
Fri Jul 24, 2015 8:39 am
Forum: Personal Consumer Issues
Topic: dehumidifer repair
Replies: 8
Views: 467

Re: dehumidifer repair

If it is leaking water then it is still working, which is why there is water, it just isn't draining correctly. Try these first; 1) Clean the air filter if you have not done that recently 2) Turn it off and leave it off for about two days. Dehumidifiers will sometime get a layer of ice on the coils ...
by Watty
Fri Jul 24, 2015 8:24 am
Forum: Personal Finance (Not Investing)
Topic: PenFed 5/5 ARM closing costs of $3900?
Replies: 10
Views: 948

Re: PenFed 5/5 ARM closing costs of $3900?

I wish there had been some documentation that the terms of the Penfed 5/5 ARM loan changed. Penfed certainly doesn't highlight the changes. There are quite a few recent threads here and elsewhere singing the praises of this loan, and highlighting that it is close to a no-cost refi. I feel like I've...
by Watty
Thu Jul 23, 2015 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: House sale financial question.
Replies: 22
Views: 1669

Re: House sale financial question.

What does the Borg think? What does your real estate agent say? You or your brother are paying some significant money for their professional skills so it would be silly not listen to them and follow what an internet board says that does not know the area. Is there some reason that you can't ask you...
by Watty
Thu Jul 23, 2015 12:17 pm
Forum: Investing - Theory, News & General
Topic: Hard assets are having some very hard times
Replies: 16
Views: 1861

Re: Hard assets are having some very hard times

Browser wrote:"Buy when there is blood in the streets....



Regardless of the history of the quote, even a 50% drop from the high is not exactly "blood in the streets" for volatile commodities like gold and silver. That could be more of a normal correction from them being in a bit of a bubble.
by Watty
Thu Jul 23, 2015 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: going to cash
Replies: 33
Views: 4794

Re: going to cash

Exchange all the investments with the money market account +1 But be sure that you know all the tax implications if this is a taxable account(not a retirement account like an IRA). Selling everything in a taxable account could cost you a lot of capital gains taxes. For the long term it would be bes...
by Watty
Wed Jul 22, 2015 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Bogle backfire?
Replies: 66
Views: 7734

Re: Bogle backfire?

3. This one is silly but true. Nearly bought a Ford GT in 2010. Decided it was a bad move even though it was a dream. Car is easily worth 3x value today. FYI, If you bought shares of an S&P 500 index fund in 2010 you would have more than doubled your money and the gains would be taxed at the lo...
by Watty
Wed Jul 22, 2015 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Parent caught up in forex (vietnamese dong) scam... What should I do?
Replies: 44
Views: 5351

Re: Parent caught up in forex (vietnamese dong) scam... What should I do?

pierremonfrere wrote:After filling out paperwork, you have to drive to a neighboring state to pick up your windfall.


That part scares me.

In addition to losing more money that could be dangerous, just like some of the Craigslist horror stories that have happened when people go to meet someone for a great deal.
by Watty
Wed Jul 22, 2015 7:20 pm
Forum: Personal Consumer Issues
Topic: Best Place to live for a young family?
Replies: 41
Views: 4029

Re: Best Place to live for a young family?

Years ago I moved from the Bay Area to Portland Oregon and I really liked it there when I was in my 30's. It is a lot different but the feel of the city is often compared to Austin. It would be hard to find a major city that has more outdoor activities available. I know people that did a "Ski a...
by Watty
Wed Jul 22, 2015 5:48 pm
Forum: Personal Consumer Issues
Topic: Magazine Subscriptions
Replies: 37
Views: 2701

Re: Magazine Subscriptions

Be sure to read the fine print when you subscribe to a magazine, especially if you pay by credit card.

Many of them now automatically renew the subscription, at a much higher rate, and automatically charge your credit card. It is all in the fine print if you look for it.
by Watty
Wed Jul 22, 2015 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Greatly appreciate advice for my personal finances.
Replies: 26
Views: 2533

Re: Greatly appreciate advice for my personal finances.

if you are in the top tax bracket now, would you contribute any or all of it to a 401K roth (which my work offers both types) or just regular 401K?). You will likely be in a much lower tax bracket when you retire, I would stick with the deductible 401k. and just save any tax savings in a taxable ac...
by Watty
Wed Jul 22, 2015 9:02 am
Forum: Personal Consumer Issues
Topic: Problem w/ vehicle, dealership shrugs shoulders
Replies: 24
Views: 2260

Re: Problem w/ vehicle, dealership shrugs shoulders

There is likely an escalation process to follow that is outlined in somewhere in your paperwork, warranty, or the Ford web site. Find that and follow that process exactly. Be sure to write down everything that is said on the phone and send followup with written letters that are sent by certified mai...
by Watty
Wed Jul 22, 2015 8:44 am
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 10579

Re: How do people afford children with a SAHS?

easye418 wrote:My lender got back to me and he seems to think re-fi may help. He is out of town for time being though.


You current lender may have an incentive for you to not refinance to a better loan. It would be best to check with several lenders.
by Watty
Tue Jul 21, 2015 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: One child: get a mortgage or rent the house?
Replies: 17
Views: 1061

Re: One child: get a mortgage or rent the house?

Renting the house to them could lead to all sorts of awkward situations like; Who pays for the repairs when a water pipe breaks. If they eventually buy the house then how would you price it if your local real estate market dips by 20%? If they eventually buy it, then do they get a home inspection as...
by Watty
Tue Jul 21, 2015 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 10579

Re: How do people afford children with a SAHS?

What if we decided to "downsize", sell our house right as we get into Year 2 of living there (way to avoid capital gains tax??), I almost feel like that would be the better option? Sell the house for more than we paid, buy a cheaper house, throw the equity into that property. The transact...
by Watty
Tue Jul 21, 2015 10:21 am
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 10579

Re: How do people afford children with a SAHS?

easye418 wrote:I would consider refinancing, but I just got the loan last September.


That is not a good reason not to refinance if you can get rid of the PMI and get a lower rate.
by Watty
Tue Jul 21, 2015 10:10 am
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 10579

Re: How do people afford children with a SAHM?

Yes, I understand I bought a lot of house.... no need to let me know. OK :beer $150 phones, $100 TV( may cut this), $50 internet, That is $300 a month, $3,6000 a year, which could be cut easily in half with minimal compromises just by shopping around. You didn't mention any car loans so I assume th...
by Watty
Mon Jul 20, 2015 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: How to Hedge Currency Risk When Planning to Retire Abroad?
Replies: 10
Views: 801

Re: How to Hedge Currency Risk When Planning to Retire Abroad?

I live and work in the US and all my assets are denominated in USD. You might not have as much currency risk as you are thinking. If your asset allocation is something like 60% stocks then you would likely invest it in a global stock index mutual fund or ETF instead of one that overweight's US stoc...
by Watty
Mon Jul 20, 2015 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for 23 year old aggressive investor
Replies: 19
Views: 1577

Re: Investing for 23 year old aggressive investor

Live like a poor student.... You don't have to be too extreme if you don't have a lot of student loans, it is a marathon not a sprint. You are off to a great start with contributing 10%. One thing that I did when I was in my 20's and 30's was that I committed to myself to save half of any future ra...
by Watty
Mon Jul 20, 2015 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: First Post, 30yo needs financial advice
Replies: 5
Views: 810

Re: First Post, 30yo needs financial advice

I just turned 30, and just got my first decent job six months ago. ..... Salary: I make about 3000 a month give or take as I'm an hourly employee (25/hr) I would like advice from the users here on what is my best option to gain wealth. You of course need to control your debt expenses, savings and t...
by Watty
Mon Jul 20, 2015 10:57 am
Forum: Personal Finance (Not Investing)
Topic: retiring at 65 vs 66
Replies: 14
Views: 1536

Re: retiring at 65 vs 66

Might there be a reason to wait? I'm not an expert by no means so maybe you guys can help out and explain which would be the better option. I agree that more information is needed. If this is a pension and he get gets a raise in the extra year of work, then would this affect his pension amount? The...
by Watty
Mon Jul 20, 2015 10:42 am
Forum: Personal Consumer Issues
Topic: Transporting Car 1,800 miles
Replies: 23
Views: 1666

Re: Transporting Car 1,800 miles

It was years ago but someone I know was doing a corporate relocation from the east coast to the west coast and the found a company that found people to drive the car across the country to save money. After many days of delays they finally found the guys and the car in Reno where the guys had lost al...
by Watty
Sun Jul 19, 2015 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired seeking advice
Replies: 8
Views: 1126

Re: Newly retired seeking advice

It would be good to run your numbers in Firecalc to see how your plans would have worked out in the past. It takes a bit to learn how to set up some of the scenarios but it is worth taking the time to work with it. http://www.firecalc.com/ That will help see how the asset allocation will affect your...
by Watty
Sun Jul 19, 2015 10:22 am
Forum: Investing - Help with Personal Investments
Topic: ML 401k, BoA employee, roll to Vanguard??
Replies: 7
Views: 444

Re: ML 401k, BoA employee, roll to Vanguard??

They have me in the Lifepath 2045 but when I go to "manage my investments" tab they try to get me to diversify into a ton of other mutual funds- some from Vanguard- after a few clicks on risk tolerance, etc. One of the things that companies like ML often do is to intentionally try to make...
by Watty
Sat Jul 18, 2015 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Do I Really Need a Financial Advisor?
Replies: 44
Views: 2975

Re: Do I Really Need a Financial Advisor?

I haven't asked my advisor specifically, but my suspicion is that he would not be receptive to moving to Vanguard since AF is likely paying him to steer me in their direction. If the advisor really did have a fiduciary responsibility to you then he would be directing you to use Vanguard or a few ot...

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