Search found 6030 matches

by Watty
Tue Aug 04, 2015 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Someone to advise my mom on RMD, taxes, allocation, gifting, etc.
Replies: 3
Views: 232

Re: Someone to advise my mom on RMD, taxes, allocation, gifting, etc.

The Vanguard Personal Advisor Services that charges 0.3%? I have not used them but they would seem like a reasonable choice. If she used them for a year or two then decided she was not getting her moneys worth then she should be able to cancel using there services. Before committing to use them it ...
by Watty
Tue Aug 04, 2015 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Husband's nursing home costs eating up inheritance and savings.
Replies: 21
Views: 2764

Re: Husband's nursing home costs eating up inheritance and savings.

It would be good to meet with a lawyer that specializes in eldercare law to find out just what your options are. If he is at a point where he needs such expensive care then I would be surprised if he was truly legally capable of signing a contract so you may be able to get out of that contract. That...
by Watty
Tue Aug 04, 2015 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Perfect Time to Convert 401k to Roth IRA?
Replies: 6
Views: 329

Re: Perfect Time to Convert 401k to Roth IRA?

I'm assuming that even though she's (tentatively) not leaving the company, this change in circumstance and no longer being 401k eligible will allow for such a rollover. I am no expert but I would question that assumption. I would expect that for the first few months she would be out on FMLA (family...
by Watty
Tue Aug 04, 2015 3:56 pm
Forum: Personal Consumer Issues
Topic: Aloha Shirt: Yes or No
Replies: 40
Views: 1715

Re: Aloha Shirt: Yes or No

Go for it, everyone should get out of their comfort zone now and then with small splurges like that. Be sure to read the care instructions though, some of them should be hand washed and they may need to be ironed to touch up the wrinkles. If you don't want to do that then be sure to get one that doe...
by Watty
Tue Aug 04, 2015 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Lump Sum or Pension?? help please...
Replies: 15
Views: 1127

Re: Lump Sum or Pension?? help please...

Here's some more information that I left off: I'm male, and the pension does NOT have a cost of living adjustment, the monthly benefit is fixed. The Single LIfe Annuity monthly benefit is $765.26 The 50% Joint and Survivor amounts are $667.46 and $333.73 (I am married with two children) Once again,...
by Watty
Tue Aug 04, 2015 1:41 pm
Forum: Personal Consumer Issues
Topic: Hike the Pacific Crest Trail/JMT
Replies: 21
Views: 1296

Re: Hike the Pacific Crest Trail/JMT

I have a friend that is doing the JMT and just started this weekend. He did the Appalachian Trail last year and did a great blog that he updated almost every day. I am sending you a PM with a link to his JMT blog if you are interested. In talking to him the JMT trail sounds a lot harder than most of...
by Watty
Tue Aug 04, 2015 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Large purchase with cash, 0% card, or rewards card?
Replies: 26
Views: 1491

Re: Large purchase with cash, 0% card, or rewards card?

You may be making the ring purchase too complicated with all the other stuff going on(like getting married :D ) . You have a credit card that will give you a rebate for the first $5,000 so missing out on a rebate for the $5,000 balance of the ring purchase would only be a hundred dollars with a 2% r...
by Watty
Tue Aug 04, 2015 5:59 am
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 39
Views: 3866

Re: Major home renovation your thoughts

5. Install a sprinkler system for fire safety. This is probably not feasible in the whole house as a retrofit without extensive cost, but perhaps in the kitchen and living room, where the fireplace is. We don't smoke. You can ask your home insurance company if this would get you a large discount on...
by Watty
Tue Aug 04, 2015 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Lump Sum or Pension?? help please...
Replies: 15
Views: 1127

Re: Lump Sum or Pension?? help please...

It would also be good to check on what happens to the pension if you, and a spouse if you have one, both die before starting the pension. Your estate may or may not get anything. If the estate would get nothing then you would also need to factor in the value of that. You could get an idea of what th...
by Watty
Mon Aug 03, 2015 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Exchanging Euro Currency
Replies: 8
Views: 521

Re: Exchanging Euro Currency

You will be hard pressed to get a fair exchange rate in the US. The exchange rate at the airport will be outright horrible and even at the banks it will be bad.

One option is ask any friends and relatives that are taking trips to Europe if they would like to buy some.
by Watty
Mon Aug 03, 2015 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: the math of paying off debt vs investing
Replies: 12
Views: 1412

Re: the math of paying off debt vs investing

You can also put your numbers into FireCalc to see how you would have done in the past.

The big problem is if you get unlucky and you investments decline a lot in the first few years, like will sometimes happen, then your investments will be so low that they will never catch up.
by Watty
Mon Aug 03, 2015 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of reduced tax bracket - 15%
Replies: 11
Views: 1108

Re: Taking advantage of reduced tax bracket - 15%

What should be done to make sure I remain in the 15% tax bracket -- is tax caster the best estimator? If you do your own taxes with tax software then making a dummy tax return with that would also show you the impact on your state taxes. It was not be exact because of tax law changes but that will ...
by Watty
Mon Aug 03, 2015 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Are we super-savers enough to consider Roth contributions?
Replies: 3
Views: 704

Re: Are we super-savers enough to consider Roth contributions?

This could be something like $100K per year, limiting our ability to do Roth conversions in retirement. How so? The top of the Federal 28% tax bracket is at about $250K for a couple so you could still do about $150K each year in Roth conversions in the 28% tax bracket and still be ahead be or at le...
by Watty
Mon Aug 03, 2015 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for a sudden windfall?
Replies: 4
Views: 434

Re: Investment advice for a sudden windfall?

Generally, the main advice with windfalls is to take your time and don't feel obligated or rushed to move the money into any investment quickly. This. ^^^ +1 Once you get a job after you graduate if there is a 401K then you can make 401K contributions even if you have to dip into this money. For ex...
by Watty
Mon Aug 03, 2015 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Large purchase with cash, 0% card, or rewards card?
Replies: 26
Views: 1491

Re: Large purchase with cash, 0% card, or rewards card?

Looking at rings in the $10k+/- 2k range. I will probably get pushback from that, Just FYI, be sure to talk this over with your fiancee to make she that she will feel comfortable with wearing something that valuable most of the time even if it is insured. Even adjusted for inflation my wife's ring ...
by Watty
Mon Aug 03, 2015 3:56 pm
Forum: Investing - Theory, News & General
Topic: Retiring in 10 years
Replies: 24
Views: 2371

Re: Retiring in 10 years

Why not suggest that she ask her own questions here? You can also point her to this link; http://www.bogleheads.org/wiki/Getting_started And the Boglehead books http://www.amazon.com/s/?search-alias=aps&tag=bogleheads.org-20&field-keywords=Bogleheads That said, there is an old saying, "...
by Watty
Sun Aug 02, 2015 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Seller conceals known defects: fraud question
Replies: 24
Views: 2515

Re: Seller conceals known defects: fraud question

She is also out the cost of the home inspection and possibly the appraisal fees. Where there any real estate agents involved in this? If so then they should be involved in getting the matter resolved. If they are not helping then get people higher up in the real estate company involved with this and...
by Watty
Sun Aug 02, 2015 10:48 pm
Forum: Personal Consumer Issues
Topic: Seniors must have items
Replies: 17
Views: 2289

Re: Seniors must have items

Unless there is something that has high import taxes or restrictions in your country then most likely things like pictures of any grand-kids and you spending time with him would be the most most appreciated thing to give him. As others have suggested it would be good to ask him for suggestions. My s...
by Watty
Sun Aug 02, 2015 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need other assets beside a 4 fund portfolio?
Replies: 10
Views: 824

Re: Do I need other assets beside a 4 fund portfolio?

I have also thought about maybe having 5-10% of assets in precious metals (I have a very slight fear of the dollar collapsing, global economic meltdown, ect) Probably stupid and unfounded concern. You need to think through just how gold would could possibly help you in these scenarios. Short of thi...
by Watty
Sun Aug 02, 2015 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Commit to Lifelong Renting in Bay area?
Replies: 18
Views: 2104

Re: Commit to Lifelong Renting in Bay area?

and make a modest salary In addition to the downpayment, do you make enough to realistic qualify for a mortgage on a house in part of the Bay Area that you would want to live in? There is a big difference between renting in a nice part of SF and buying a dodgy place where you have an hour commute e...
by Watty
Sun Aug 02, 2015 7:49 pm
Forum: Personal Consumer Issues
Topic: Where to hike late October-mid November??
Replies: 31
Views: 1590

Re: Where to hike late October-mid November??

It has been a while but I spent one Thanksgiving camping at Yosemite and I don't recall it being particularly cold and you can't get much better hiking than that. Renting an RV might be an option to look at.
by Watty
Sun Aug 02, 2015 7:15 pm
Forum: Personal Consumer Issues
Topic: Inside Passage Cruise
Replies: 13
Views: 1098

Re: Inside Passage Cruise

I normally take a few gallon size ziplock bags for trips similar to this. They are handy in general but you can use them for putting cameras in when you might be out in the rain. For a traditional style camera with a neck strap you can cut the corners out of a ziplock bag and put the camera straps t...
by Watty
Sat Aug 01, 2015 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Asking portfolio questions,52 year old needs help !!!
Replies: 7
Views: 859

Re: Asking portfolio questions,52 year old needs help !!!

There is also a getting started page that might help. http://www.bogleheads.org/wiki/Getting_started You did not mention if you had read any of the Boglehead books and they would also be a good place to start. http://www.amazon.com/s/?search-alias=aps&tag=bogleheads.org-20&field-keywords=Bog...
by Watty
Sat Aug 01, 2015 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring in a few days
Replies: 32
Views: 3737

Re: Retiring in a few days

Congratulations :beer

I retired a little over two weeks ago and between getting a full nights sleep every night, getting exercise most days, and eating better I already feel noticeably better.
by Watty
Sat Aug 01, 2015 7:35 pm
Forum: Personal Consumer Issues
Topic: What's Your Monthly Food/Groceries Spending? My is through the roof?
Replies: 146
Views: 8595

Re: What's Your Monthly Food/Groceries Spending? My is through the roof?

If you are not already doing it you should check the on-line prices for the organic food to see how that compares to the NYC store prices. I was looking for a spice mix that I had bought once I could not find locally now and I was surprised at how much food was on Amazon and I would think there woul...
by Watty
Sat Aug 01, 2015 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Sell or Rent Out House? [Bay Area]
Replies: 35
Views: 1926

Re: Sell or Rent Out House? [Bay Area]

I doubt earthquake will have any long term effect on prices. People will still have to live and work here. I used to live in the Bay Area a long time ago and I did some research and the best I could come up with was that if I bought a house there I could expect it to have significant earthquake dam...
by Watty
Sat Aug 01, 2015 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Sell or Rent Out House? [Bay Area]
Replies: 35
Views: 1926

Re: Sell or Rent Out House? [Bay Area]

Will you be buying a house where you are moving to? If so then you might have few issues. 1) You could end up with well over a million dollars in real estate. That could be be a high percentage of your net worth or even more than 100% of your net worth. That get risky since a 20% real estate market ...
by Watty
Fri Jul 31, 2015 10:23 pm
Forum: Investing - Theory, News & General
Topic: Grok's Tip #8:Retire Worry-Free with TIPs as a foundation
Replies: 147
Views: 34587

Re: Grok's Tip #8:Retire Worry-Free with TIPs as a foundation

..... Also if you are getting coupon payments thrown off couldn't you also just buy a single long-term TIP and live off the coupons? If you had enough capital.. yes thats right on both accounts... Normally you would want to own TIPS in a retirement account so you would also need to plan for any RMD...
by Watty
Fri Jul 31, 2015 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting a young adult from his money?
Replies: 27
Views: 3471

Re: Protecting a young adult from his money?

One other thing to look into is how the taxes have been paid on the earnings from that account if it was in the kids name.
by Watty
Fri Jul 31, 2015 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Wait... What? [IRA and taxation]
Replies: 42
Views: 5101

Re: Wait... What? [IRA and taxation]

Another complication is that the IRA withdraws will not only be taxed at the ordinary income tax rate, but if you are getting social security then that might also increase the amount of your social security that is also taxed. http://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits There...
by Watty
Fri Jul 31, 2015 8:43 pm
Forum: Personal Consumer Issues
Topic: Retirees: Questions you hate being asked
Replies: 94
Views: 6915

Re: Retirees: Questions you hate being asked

I didn't really hate it, in fact I thought it was a bit funny but when I announced my retirement at work some of my co-workers that were roughly my age asked; "Who old are you?" My reply was, "I have 11 years until I am 70." You could see a brief pause while they did the math to ...
by Watty
Fri Jul 31, 2015 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Think about moving from St Louis to Spokane how is the weather different?
Replies: 6
Views: 845

Re: Think about moving from St Louis to Spokane how is the weather different?

I was raised in St. Louis and I used to live in the Northwest, but I was only through Spokane a few times. Spokane is in climate that is known as "high desert" so the humidity will be a lot lower and there will be a lot less rain. Spokane is also a lot farther north which makes a lot more ...
by Watty
Fri Jul 31, 2015 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA Vs ACA after job loss and move
Replies: 38
Views: 1927

Re: COBRA Vs ACA after job loss and move

One thing that I have not seen mentioned is that if you change your insurance then you will have to start your 2015 deductibles all over again with the new insurance company. The big question is if your COBRA will cover you OK in Washington. If so then sticking with COBRA through the end of the year...
by Watty
Fri Jul 31, 2015 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance - Buy House then Reverse Mortgage?
Replies: 13
Views: 1096

Re: Inheritance - Buy House then Reverse Mortgage?

A few things; 1) Even if she was able to get a mortgage, paying cash with the December and January withdraws like you suggested might still be a better choice. These number are very rough, but basically mortgage payments in the next few years would likely be made with inherited IRA withdraws that ar...
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: 39
Views: 2591

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: 745

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: 1265

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: 465

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: 2527

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: 2527

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: 1440

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: 6195

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: 2352

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: 1378

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: 900

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: 1290

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: 1444

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: 2143

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: 1829

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: 831

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 ...

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