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Re: Making money/career in Trading

My gut feel is that being a trader as a full time job is going down the same path as being a telephone operator or travel agent in that it has been pretty much automated and there are only a limited number of niche jobs now. That said if you can find someone that will pay you to do it and you aren't...
by Watty
Sat Nov 22, 2014 10:05 pm
 
Forum: Investing - Theory, News & General
Topic: Making money/career in Trading
Replies: 18
Views: 1056

Re: 23 year old... Can I afford a Rolex?

There are really two questions; Can you afford to spend $5,000? There is no way for us to know. Is the Rolex the best thing to spend it on? Probably not. You get a lot more "bang for the buck" by spending your discretionary money to buy experiences instead of stuff. You probably got a numb...
by Watty
Sat Nov 22, 2014 9:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: 23 year old... Can I afford a Rolex?
Replies: 50
Views: 2405

Re: Mortgage reamortization after lump sum payment?

People are making this sound more complicated than it is. All you have to do is to call the lenders 800 number and ask them about "recasting" your mortgage using that term. The first person you talk to may try to talk you in a refinance so make sure you get to the right person. You have to...
by Watty
Sat Nov 22, 2014 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage reamortization after lump sum payment?
Replies: 10
Views: 649

Re: Am I short-changing myself? 401k vs ROTH contributions

Between what they put in and what I put in, it is about the max ($17,500) as if I did it all myself to the max with no match from them and I am a bit confused. Typically the employer contribution does not count toward the maximum employee contribution (now $18,000 +another $6,000 if you are over 50...
by Watty
Sat Nov 22, 2014 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I short-changing myself? 401k vs ROTH contributions
Replies: 9
Views: 478

Re: Laptop/Chromebook recommendation

My little 11 year old is an aspiring writer. We would like to purchase a device for her to encourage her writing. What is our best option in a laptop, specifically for writing purposes? Thanks Most likely getting her something like what she uses at school would be best. Even if it is not the ideal ...
by Watty
Sat Nov 22, 2014 11:29 am
 
Forum: Personal Consumer Issues
Topic: Laptop/Chromebook recommendation
Replies: 14
Views: 727

Re: Moving overseas - what to do with IRS, 401k, Roth, IRA e

You really need to consult with a tax expert +1 Be sure to find one that also knows your countries tax laws and inheritance laws. There may be treaties between your country and the US that make the general rules not apply. You might want to keep a US mailing address for a while until you figure out...
by Watty
Sat Nov 22, 2014 11:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Moving overseas - what to do with IRS, 401k, Roth, IRA etc.
Replies: 2
Views: 237

Re: Why I will fund retirement with TIPs ladder no matter wh

I did not read the article but when looking at TIPs it is good to remember that for a 30 year retirement a safe withdrawal rate starting at 4% is often recommended and many people suggest that in the current environment that 3.5% might be better. With TIPS, in a retirement account, you could buy 30 ...
by Watty
Sat Nov 22, 2014 9:35 am
 
Forum: Investing - Theory, News & General
Topic: Why I will fund retirement with TIPs ladder no matter what
Replies: 43
Views: 2188

Re: What would be the investing strategy for a coming crash?

Put 5% of your portfolio into something that will soar if you are right, but keep 95% invested conventionally.

If you are right you will do well, and if you are wrong losing 5% will not ruin you.
by Watty
Fri Nov 21, 2014 9:58 pm
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 47
Views: 3168

Re: Personal Tips for a New Father to Be

We want to give all our time and love to our baby.



It would be good to keep some other interests in your life so that you can be a roll model for your kid in how to be a well rounded adult.
by Watty
Fri Nov 21, 2014 9:39 pm
 
Forum: Personal Consumer Issues
Topic: Personal Tips for a New Father to Be
Replies: 22
Views: 1317

Re: repositioning cruise to Europe?

My parents took one maybe 20 years ago that generally went through the Caribbean, down the coast of South America across to Africa, then up to the Mediterranean. Unfortunately they had some rough seas going across the Atlantic and my dad fell down a wide stairway that did not have a handrail and got...
by Watty
Fri Nov 21, 2014 9:19 pm
 
Forum: Personal Consumer Issues
Topic: repositioning cruise to Europe?
Replies: 10
Views: 1018

Re: Proposed Lifetime Retirement Investment Approach

Trying to come up with a long term general plan has been given a lot of thought by people that know a lot about investing and spend there entire working day trying to figure this out. The details will vary a lot by mutual fund company but the best they have been able to come up with is the Targeted ...
by Watty
Fri Nov 21, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proposed Lifetime Retirement Investment Approach
Replies: 24
Views: 1764

Re: Young Investor Welcoming Any Advice

I was wondering, is it typical to write out a plan with rules like I have, and have a friend/family member (rather than a paid advisor) "hold the investor accountable"? Except for a spouse you are likely to run into awkward situations by sharing too much financial information with family ...
by Watty
Fri Nov 21, 2014 12:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young Investor Welcoming Any Advice
Replies: 16
Views: 933

Re: Employer switching to new retirement plan

Tax Rate: 25 percent federal/5.75 percent state ....... New annual Contributions $5,500 to Roth IRA $3,750 to the 401K this year. In the 30% tax bracket it would take some compelling reasons(which is possible) to choose a Roth over a deductible retirement account. Are you sure that is a good choice?
by Watty
Fri Nov 21, 2014 11:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Employer switching to new retirement plan
Replies: 12
Views: 1202

Re: Young Investor Welcoming Any Advice

Being able to pick a basket of mutual funds that will beat the index funds is harder than it sounds. If you could do it reliably then you could be earning big bucks working on Wall Street. I would go with the first option since you are sure to get the lower expenses and they will make a big differen...
by Watty
Thu Nov 20, 2014 11:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young Investor Welcoming Any Advice
Replies: 16
Views: 933

Re: What is the $$ value of delaying retirement a month?

I am trying to calculate the value of each month retirement is delayed. Is the value just equal to the amount of additional savings or is it equivalent to the amount of additional savings plus 1 month of expenses. In other woords if Mark is able to save $2,500/mo. and his expenses are $4,000/mo. is...
by Watty
Thu Nov 20, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is the $$ value of delaying retirement a month?
Replies: 24
Views: 1446

Re: Vacation in France

Why do I still have this nagging feeling that this is too expensive and not very bogleheadish Not if you pay cash for it. :D I agree that you can do it well for a lot less than $10K though. One of the nice things about Europe is that outside the large cities nice small midrange and even budget hote...
by Watty
Wed Nov 19, 2014 9:35 pm
 
Forum: Personal Consumer Issues
Topic: Vacation in France
Replies: 86
Views: 4177

Re: Pension buyout offer - Accept or reject

Taking the pension has a lot of inflation risk, but if you take the lump you can likely invest it and keep ahead of inflation. I will have to make a similar decision before too long and I am also looking at these options in weighting my choices. 1) Take the lump sum then use it to live on in my 60 '...
by Watty
Wed Nov 19, 2014 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension buyout offer - Accept or reject
Replies: 44
Views: 3467

Re: Trapped deciding between 2 Jobs: Can I renege on my offe

It is really too early to make any sort of decision. Until you actually have interviewed and have a job offer you are still in the learning mode. 'm currently on the job market for an entry-level position. As long as they are competitive most of the other aspects really don't matter a lot and the im...
by Watty
Wed Nov 19, 2014 6:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trapped deciding between 2 Jobs: Can I renege on my offer?
Replies: 36
Views: 2887

Re: Question About Retiring Early and Social Security

I think the origional post was keeping the starting age constant, but just looking at what happens when she stops working at different ages. The Social Security benefit is calculated based on your 35 highest years of earnings(adjusted for inflation) so working a few more years than that does not res...
by Watty
Tue Nov 18, 2014 10:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question About Retiring Early and Social Security
Replies: 10
Views: 1549

Re: Get a financial advisor? Retired now

Debt: Mortgage only $90k at 5% In a nutshell it looks like his part time work(then social security) and your inflation adjusted pension will basically cover your expenses if you included taxes in your numbers If you would not have to pay a lot of taxes to sell some of the taxable investments then I...
by Watty
Tue Nov 18, 2014 9:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Get a financial advisor? Retired now
Replies: 30
Views: 3974

Re: Buying a lasting vehicle

I don't think I'd buy a used Toyota/Honda/Subaru, unless it was >6 or so years old. The discount you get for buying late-model used on those makes doesn't seem worth it to me over buying new. For instance, at the time I bought my 2014 Outback, I could've bought a similarly equipped 2011 with 40k mi...
by Watty
Tue Nov 18, 2014 8:32 pm
 
Forum: Personal Consumer Issues
Topic: Buying a lasting vehicle
Replies: 33
Views: 4157

Re: Received an inheritance, clueless as to what to do with

Sorry to hear about your loss, but it sounds like they will be well remembered. You really dodged a bullet in getting away from that “advisor”. You were lucky that he wasn't better at selling, some of them are real smooth and good salespeople. +1 On taking six months to a year to learn more and beco...
by Watty
Tue Nov 18, 2014 7:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Received an inheritance, clueless as to what to do with it.
Replies: 29
Views: 4099

Re: AA in retirement

I'm also considering just dumping all tax advantaged into funds into Wellesley and spread taxable funds into a muni fund through T. Rowe Price (30%) since Vanguard doesn't have a muni fund for my state, Wouldn't it be more tax efficient to hold all your bonds in the tax advantage accounts? It would...
by Watty
Tue Nov 18, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA in retirement
Replies: 1
Views: 386

Re: Intro - At a Crossroads

I'm worried that the longer I stay for simply the paycheck, the more of a long term impact it will have on my psyche/health/drive. I've saved like a mad man, but am scared to death of the unknown associated with leaving the steady and strong pay check i currently have. Thoughts? Professional counse...
by Watty
Mon Nov 17, 2014 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Intro - At a [Career] Crossroads
Replies: 10
Views: 1437

Re: Portfolio Advice for a possible early retirement

To put it bluntly the high expense ratios in your 401k $%$#^&&!!!!! With about $360K in the 401K you are paying about $5000 a year in the expenses and there may be other hidden fees. I have been tracking my living expense for 3 years and avg about $24,000 year. What do you expect your expens...
by Watty
Mon Nov 17, 2014 4:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice for a possible early retirement
Replies: 6
Views: 1263

Re: car sensor showing TPMS sign

I drove a van pool van a number of years ago. Kept getting the tire pressure light. I checked all the tires and pressure was good. Took me a few days to realize the van had a full size spare with TPMS and it was the one that was low. :oops: You are not alone, had that problem on my wife's pickup tr...
by Watty
Mon Nov 17, 2014 12:22 pm
 
Forum: Personal Consumer Issues
Topic: car sensor showing TPMS sign
Replies: 26
Views: 1662

Re: When do your account returns dwarf your contributions?

To ask another way, when do you think continuing to fund your account becomes superfluous because your contributions are so relatively small? Or maybe that never happens? It isn't just about the size of your accounts but also how long until you retire. I am near retirement so that I save like crazy...
by Watty
Mon Nov 17, 2014 12:12 pm
 
Forum: Investing - Theory, News & General
Topic: When do your account returns dwarf your contributions?
Replies: 51
Views: 5686

Re: "Safe" investment for a retired parent. CD?

ilan1h wrote:They are in a low tax bracket so the tax hit would be minimal.....


Since they are in a low tax bracket a short term TIPS mutual fund would be worth looking at.
by Watty
Sun Nov 16, 2014 10:43 pm
 
Forum: Investing - Theory, News & General
Topic: "Safe" investment for a retired parent. CD?
Replies: 12
Views: 1355

Re: "Safe" investment for a retired parent. CD?

ilan1h wrote:They are in a low tax bracket so the tax hit would be minimal.....


Since they are in a low tax bracket a TIPS mutual fund would be worth looking at.
by Watty
Sun Nov 16, 2014 10:42 pm
 
Forum: Investing - Theory, News & General
Topic: "Safe" investment for a retired parent. CD?
Replies: 12
Views: 1355

Re: what happens to an inherited IRA when the heir dies?

If you now own the inerhited IRA, who did you designate as the beneficiary? It will go to whoever you designate as the beneficiaries on the beneficiary designation form. Also be sure to update the beneficiary if there are any births, deaths, divorces, or marriages that affect who it should go to. N...
by Watty
Sun Nov 16, 2014 10:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: what happens to an inherited IRA when the heir dies?
Replies: 9
Views: 1524

Re: brand new investor

I do think that he will be able to request to be treated as a resident alien for tax purposes, such that we can continue to file 'married filing jointly' while living abroad. This would make it possible for me to continue contributing to my Roth IRA. I'm not a tax pro but I am pretty sure that only...
by Watty
Sun Nov 16, 2014 10:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: brand new investor
Replies: 14
Views: 1315

Re: Investing in Chocolate? New to all of this.. need help.

I was wondering if someone could chime in on my thinking? I am in the ag space, and have been wanting to invest in cacao due to the upcoming shortages. However, I am not smart enough to know if this is a even a wise decision to put money into a ETF? One of the problems with this is that even if you...
by Watty
Sun Nov 16, 2014 9:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in Chocolate? New to all of this.. need help.
Replies: 23
Views: 2407

Re: Pension and asset allocation

The value of the pension is tied to corporate bonds and my employer no longer makes any contributions to the account. So, I think that these funds act essentially like a bond investment in my portfolio. It depends. If yours is like my modest discontinued pension then I would not count it as a bond ...
by Watty
Sun Nov 16, 2014 8:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pension and asset allocation
Replies: 12
Views: 1653

Re: Target Date Fund all I need?

I think using a Target Retirement fund is an excellent choice. Letting Vanguard do the work to maintain your asset allocation makes perfect sense. If the money is all in a tax advantaged account then you can easily move it to a more aggressive fund once the one you would start with becomes too cons...
by Watty
Sun Nov 16, 2014 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Target Date Fund all I need?
Replies: 19
Views: 2562

Re: What to do w/space under 15% Fed bracket limit?

Good observation -no mortgage and we're empty nesters so the marginal vs effective tax rate shouldn't change much. Assuming that you are filing joint returns you might be in a higher tax bracket if one of you survives the other and starts filing single tax returns. It would be good to do a dummy re...
by Watty
Sun Nov 16, 2014 7:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do w/space under 15% Fed bracket limit?
Replies: 21
Views: 2432

Re: Hoa resurrection

They had a meeting and there was a vote. Unfortunately i was working that day and could not attend. I do not know how many people were at the meeting. We are in WV. Mike Most likely many of the questions that you have been asking were addressed at the meeting you missed and they may have handed out...
by Watty
Sun Nov 16, 2014 7:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: HOA resurrection
Replies: 35
Views: 2935

Re: what about adding $ to poorly performing asset classes?

Is there any real/noticable benefit to 'rebalancing on the fly?' or rather, is there anyone here that has gone from the normal rebalance at X day of the year to the other method and noticed any increase to returns or decrease to portfolio volatility? If you are dealing with taxable accounts doing y...
by Watty
Sun Nov 16, 2014 6:53 pm
 
Forum: Investing - Theory, News & General
Topic: what about adding $ to poorly performing asset classes?
Replies: 23
Views: 2464

Re: Advise Needed: Unique Situation At workplace

passionit wrote:Does this behavior falls under discrimination?


Being a bit flaky is not discrimination unless there is some reason believe that the boss is treating your friend differently because of their gender, race, religion, or some other protected class.
by Watty
Sun Nov 16, 2014 6:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice Needed: Unique Situation At workplace
Replies: 28
Views: 3834

Re: Grade me

I'm thinking we need to earmark 35K of savings as Emergency fund and then invest the rest (very interested in ideas for this). Max out any tax advantaged retirement accounts. What is best depends on your tax bracket so it would be good if you could mention that. If you are in the zero percent tax b...
by Watty
Sat Nov 15, 2014 11:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Grade me
Replies: 12
Views: 1343

Re: When is it time to buy a new car?

I own a 2005 Subaru Outback, manual transmission, 140k miles. ,,,,, I would guess I can get between $4000-$5000 cash for the vehicle If you bought it new for $30,000 (in todays dollars) ten years ago and can now sell it for $4,000 then owning it has cost you $24,000 in depreciation plus any non-rou...
by Watty
Sat Nov 15, 2014 10:49 pm
 
Forum: Personal Consumer Issues
Topic: When is it time to buy a new car?
Replies: 21
Views: 1940

Re: Not qualified for my job - what to do?

One thing that I have not seen suggested is looking for a position withing the company that you might feel more qualified for. You mentioned getting a lot of help from a "very busy" higher employee in another department. If that person is so busy then maybe they could use someone in that d...
by Watty
Sat Nov 15, 2014 9:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Not qualified for my job - what to do?
Replies: 42
Views: 4691

Re: Deciding When to Retire

My husband and I are both in our late 50s,.. Assuming that you are both 58 this simplistic calculator shows that in 20 years there is 33% change that your husband will be dead and a 26 percent chance you will be dead. I would guess that a similar percentages of people will have developed limiting h...
by Watty
Sat Nov 15, 2014 9:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Deciding When to Retire
Replies: 47
Views: 4954

Re: Suggestions about selling stock

That is, will be the $50K LTCG just add 15% of $50K or $7.5K to your income taxes? Or will it add more than $7.5K to your income taxes? If the former, I don't see how selling piecemeal will help you very much at all. +1 For diversification it would be hard to find a good reason not to eventually se...
by Watty
Fri Nov 14, 2014 10:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions about selling stock
Replies: 3
Views: 406

Re: Help with global ETfs from New Zealand

My own NZ broker would charge 1% brokerage to purchase any stock any where. If there are no additional annual fees then you might not want to rule that option out. If you buy an a great ultra low expense ETF of an index fund and keep it for say 20 years then that 1% expense will be prorated over th...
by Watty
Thu Nov 13, 2014 10:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with global ETfs from New Zealand
Replies: 21
Views: 1391

Re: 36 y.o. New at investing, am I in too much debt?

Assets. 2 cars paid off, Debt: 12k credit card debt @13%. 13k student Loan @6.55% If the cars are somewhat new and are worth a fair amount you can likely get a car loan at your local credit union or some place like PenFed that is at around 3% and use that money to pay off these debts. https://www.p...
by Watty
Thu Nov 13, 2014 10:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: 36 y.o. New at investing, am I in too much debt?
Replies: 63
Views: 4748

Re: Dealing with pressure for "social donations" at work

First off, I just started this job a few months ago..... Corporate politics 101: "Pick your battles wisely." Save the rocking of the boat for next year when you know the situation better. This year the upside is you save a couple of hundred dollars and the possible downside is unknown but...
by Watty
Thu Nov 13, 2014 10:15 pm
 
Forum: Personal Consumer Issues
Topic: Dealing with pressure for "social donations" at work
Replies: 163
Views: 7897

Re: Why is this simple for everyone else, retiree Roth quest

We understand there are subtle or secondary issues that might include: 1. impact on tax bracket for RMDs 2. impact on taxation of social security 3. medicare fee structure at different income level 4. legacy of inherited IRAs, costs basis No good answers but a few more things to add to your list. 5...
by Watty
Thu Nov 13, 2014 9:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why is this simple for everyone else, retiree Roth question?
Replies: 13
Views: 1450

Re: More money equates to feeling poor?

Due to the habit, you feel like you were more richer when you had less money at a younger age but now that you have built this habit and cash cushion and race for the number, you feel more poorer! Poorer might be the wrong word for it. After a while the excitement of spending money on "stuff&q...
by Watty
Thu Nov 13, 2014 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: More money equates to feeling poor?
Replies: 34
Views: 2963

Re: Auto body repair: "recycled" vs. OEM rear door replaceme

My 2002 CRV was The car is already 13 years old. Realistically it has limited number of years of useful life left and if you can get another five years out of it you will be doing good. As long as you have a good body shop with a good guarantee you will do fine with the used door. It isn't like you...
by Watty
Thu Nov 13, 2014 11:44 am
 
Forum: Personal Consumer Issues
Topic: Auto body repair: "recycled" vs. OEM rear door replacement?
Replies: 11
Views: 400

Re: Insurance is a bad investment - My policy as example

In your graph you say that you ignore the value of the insurance. That really isn't reasonable you should subtract out what the cost of a similar term policy would have been. No, this is an investment analysis. The purpose was to show that permanent life insurance is a very bad investment for colle...
by Watty
Tue Nov 11, 2014 10:34 pm
 
Forum: Investing - Theory, News & General
Topic: Insurance is a bad investment for college saving - My policy
Replies: 14
Views: 1132
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