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Re: Hello new to the boards [If retirement funds not used up

My question is, would it still be smart to invest in a Roth or should i just stick with the 401k? It really depends on the details of your situation. There is a wiki for this. http://www.bogleheads.org/wiki/Traditional_versus_Roth My personal opinion is that unless you are in a federal tax bracket ...
by Watty
Mon Sep 01, 2014 10:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hello new to the boards [If retirement funds not used up?]
Replies: 13
Views: 477

Re: Suggestions for a Western States road trip?

Digging for thundereggs at the Richardson Rock Ranch near Madras Oregon might be something you would want to do. They can cut and polish them for you. http://richardsonrockranch.com/ It has been a long time since I have been there but you should check out the current condition of the Idaho ghost tow...
by Watty
Mon Sep 01, 2014 10:02 pm
 
Forum: Personal Consumer Issues
Topic: Suggestions for a Western States road trip?
Replies: 8
Views: 467

Re: Hello new to the boards [If retirement funds not used up

Hey guys. Quick question. What is the point of investing in a 401k and Roth when it is likely that you will not use up all the money that you saved before dying? You need to be careful about the "likely" part. I have seen a number of people run into health or career setbacks when they wer...
by Watty
Mon Sep 01, 2014 9:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hello new to the boards [If retirement funds not used up?]
Replies: 13
Views: 477

Re: Investing Windfall to be Transferred to Roth IRA over 10

Do you have a mortgage or other debt? If so you might be able to pay it off the debt or have the mortgage recast(Google this) so that you would free up enough in the reduced monthly payments to make your Roth contributions each year. The numbers on this could vary wildly but it would be worth lookin...
by Watty
Mon Sep 01, 2014 7:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Windfall to be Transferred to Roth IRA over 10 yrs
Replies: 8
Views: 374

Re: Help Please: Retirement plan vs. Higher Salary

Once you are married and your wife gets a job she will likely have access to a 401K so you should be able to make contributions of $17,500 each for a total of $35,000 which should be plenty of retirement savings each year. I don't see where getting the extra retirement space with plan 1 would be muc...
by Watty
Mon Sep 01, 2014 6:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help Please: Retirement plan vs. Higher Salary
Replies: 21
Views: 1296

Re: Shorten Mortgage or 401K or something else

I concur with TrueBlueky and Grt2bOutdoors. Two months emergency fund for a 1-wage-earner family is Insufficient. Unfortunately, it appears you bought more house than you can comfortably afford. This is evidenced by the fact that you have both a car loan and credit card debt. At your salary, there ...
by Watty
Mon Sep 01, 2014 5:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Shorten Mortgage or 401K or something else
Replies: 14
Views: 738

Re: 18 and Need Help Starting

Interesting that the time frame is only 29 years. I'm 18 .... I can do school/work or whatever I like until I turn 33. That is 15 years. Many people fail to plan for their retirement until they are about 50 and only have about the same fifteen years to save until they retire, and then may need to b...
by Watty
Sun Aug 31, 2014 12:41 am
 
Forum: Personal Finance (Not Investing)
Topic: 18 and Need Help Starting
Replies: 19
Views: 1283

Re: How much does your home *really* cost?

Does my housing really 'cost' over $3000 per month (plus interest, so more like $4500)? Does that really imply we could rent small apartments all over the world in retirement for say $100-$150 per night and have no increase in expenses? Comparing a house to renting a small apartment is not and appl...
by Watty
Sat Aug 30, 2014 7:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much does your home *really* cost?
Replies: 10
Views: 1673

Re: Help dividing up estate when beneficiaries borrow

Get him to sign a promissory note at some reasonable rate of interest. That becomes part of the estate. For example, suppose the estate is $5,000 plus the debt is $200, for a total of $5,200 Each share is $1,300, and the son has to pay the debt. He nets $1,100. +1 Dad was executor for a similar sit...
by Watty
Sat Aug 30, 2014 5:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help dividing up estate when beneficiaries borrow
Replies: 21
Views: 1023

Re: Help dividing up estate when beneficiaries borrow

Note: It might not have been clear but it is my understanding that when you have multiple IRA accounts and need to take an RMD then you do not need to take them from each account. For example if you have to take a $1,000 RMD then you could take it all out of one account. In your situation you could ...
by Watty
Sat Aug 30, 2014 12:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help dividing up estate when beneficiaries borrow
Replies: 21
Views: 1023

Re: Help dividing up estate when beneficiaries borrow

660K IRA, ...... I will also share a scheme I thought might work, but didn't. I called Vanguard hoping to set up a separate account that could be distributed in three shares, and would be funded with the exact amount borrowed. So, whatever size that account was on death, everyone but the son would ...
by Watty
Sat Aug 30, 2014 12:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help dividing up estate when beneficiaries borrow
Replies: 21
Views: 1023

Re: Costco:is it worth it for just two people?

My wife and I are retired and considering joining Costco. We are not sure if the bulk advantage is worth it for just the two of us. Would be interested in hearing your experience/comments on Costco membership for just two people. Their meat is some of the best meat around here and it is at a good p...
by Watty
Sat Aug 30, 2014 11:40 am
 
Forum: Personal Consumer Issues
Topic: Costco:is it worth it for just two people?
Replies: 104
Views: 5780

Re: Just Starting Out - First Job After College

I am clueless where to begin my search.



http://www.bogleheads.org/wiki/Getting_started

The Bogleheads Guide to Investing is also a very good starting point.

http://www.amazon.com/s/?search-alias=a ... Bogleheads


D
by Watty
Fri Aug 29, 2014 10:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just Starting Out - First Job After College
Replies: 8
Views: 530

Re: Trip to the Caribbean - Suggestions

I am planning on 9 days (2 for travel/jet lag). That is a relatively short trip. I would give a lot of priority to a destination that you can get a direct flight to. That will save travel time and will reduce the chance of flight disruptions due to weather. For example if you have to catch a connec...
by Watty
Fri Aug 29, 2014 10:17 pm
 
Forum: Personal Consumer Issues
Topic: Trip to the Caribbean - Suggestions
Replies: 31
Views: 1755

Re: Help out family without compromising my own retirement?

Be sure to research what it would take to be able to deduct your parents or your siblings as a dependent on your taxes. If you structure your support the right way then you may be able to do this so you would at least get a tax break. It was not clear if your parents are already collecting social se...
by Watty
Fri Aug 29, 2014 9:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help out family without compromising my own retirement?
Replies: 59
Views: 3855

Re: Debating whether to keep current vehicle or purchase ano

My 2004 Ford Focus has 210K miles on it. I bought it at 30K miles and haven't had much trouble with it outside of replacing wheel bearings. Oddly enough this actually favors getting a replacement car. The reason is that there is a laundry list of things that will routinely eventually need to replac...
by Watty
Fri Aug 29, 2014 9:24 pm
 
Forum: Personal Consumer Issues
Topic: Debating whether to keep current vehicle or purchase another
Replies: 39
Views: 1867

Re: Where can I get a job like this?

You might check into jobs at day care centers that are open on the weekends to see if you can find one where you can bring your kids. I know someone that worked part time in a fitness center that had child care and they took their kid, but it sounded like it only paid minimum wage and they only work...
by Watty
Fri Aug 29, 2014 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where can I get a [toddler-friendly weekend] job?
Replies: 18
Views: 1879

Re: Cell phone plan on cruise - direct experience?

I have not used one but you might also consider renting a satellite phone.
by Watty
Wed Aug 27, 2014 10:07 pm
 
Forum: Personal Consumer Issues
Topic: Cell phone plan on cruise - direct experience?
Replies: 5
Views: 431

Re: How to safely sell a big ticket item online

Don't even think of using PayPal, you basically sign away your rights when you use then. Think I've got it figured out. If the buyer has a bank/credit union in a distant location (like I do), I make the phone call to that institution using a phone number I find on the internet. The buyer will give h...
by Watty
Wed Aug 27, 2014 9:09 pm
 
Forum: Personal Consumer Issues
Topic: How to safely sell a big ticket item online
Replies: 40
Views: 2088

Re: Can someone make a living as a Boglehead financial advis

Is a young man/woman/s who wants to be a Boglehead investment advisor pretty much doomed before he/she starts? If so, how sad. What do you think? Is it a hopeless endeavor except for a few like Rick Ferri who manage to market to a large client base? There are a number of possibilities for something...
by Watty
Wed Aug 27, 2014 8:50 pm
 
Forum: Investing - Theory, News & General
Topic: Can someone make a living as a Boglehead financial advisor?
Replies: 25
Views: 3695

Re: vacation destinations similar to Savannah or Charleston

We love Charleston SC and Savannah, and would love to visit another beach area with that same vibe Saint Augustine would be worth looking at. In addition to the historic areas there are lots of beaches real close by. From there you could take a day trip to tour Cape Canaveral too if that is somethi...
by Watty
Tue Aug 26, 2014 8:31 pm
 
Forum: Personal Consumer Issues
Topic: vacation destinations similar to Savannah or Charleston SC
Replies: 24
Views: 1538

Re: Should we invest or pay off mortgage ?

Even if you can find an investment that should slightly beat your mortgage interest rate after taxes you are likely only talking about it beating it by a fraction of a percent unless you take a lot of additional risk. Realistically you have a very limited upside but if interest rates spike then thin...
by Watty
Mon Aug 25, 2014 10:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should we invest or pay off mortgage ?
Replies: 15
Views: 1667

Re: Auto accident today

Car repairs are expensive, I would be amazed if there were not at least several thousand dollars in damage to his car and he will want a rental car for a week or more while his car is in the shop. It isn't like this was a parking lot ding. Many states require that an accident be reported to the stat...
by Watty
Mon Aug 25, 2014 10:11 pm
 
Forum: Personal Consumer Issues
Topic: Auto accident today
Replies: 33
Views: 2572

Re: When to leave a neighborhood for greener pastures?

Current home is worth about $130,000 and the new house would be around $250,000. Would probably put 20% down but would prefer no more than that to avoid selling taxable investments. ..... I'm 11 years into a 15 year mortgage and principal is getting paid down very quickly. Let's assume I earn aroun...
by Watty
Mon Aug 25, 2014 9:33 pm
 
Forum: Personal Consumer Issues
Topic: When to leave a neighborhood for greener pastures?
Replies: 46
Views: 4834

Re: Should we invest or pay off mortgage ?

Keeping the mortgage so you can invest the money is using leverage. It could very well be a good bet but even if it would work out well the majority of the time there is always a risk that some percentage of the time it will work out badly. A fundamental thing to look at when taking additional risk ...
by Watty
Mon Aug 25, 2014 9:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should we invest or pay off mortgage ?
Replies: 15
Views: 1667

Re: Earthquake Preparedness

Figuring out how you might rebuild after a major disaster is tricky even if you have good insurance. In addition to your house, the place where you work could have damage and at least temporarily be closed so you might not have any income from a job which could make it hard to afford to rebuild. You...
by Watty
Mon Aug 25, 2014 8:22 pm
 
Forum: Personal Consumer Issues
Topic: Earthquake Preparedness
Replies: 39
Views: 2000

Re: Earthquake Preparedness

this might have been their first (semi) "big one". Not even close. Todays earthquake was 6.1 the 1906 San Francisco Earthquake was around 7.8, which calculates out to having about 355 times as much energy released and the eventual "big one" could be larger than that. http://eart...
by Watty
Sun Aug 24, 2014 10:58 pm
 
Forum: Personal Consumer Issues
Topic: Earthquake Preparedness
Replies: 39
Views: 2000

Re: Help Requested - home purchase "cash" or mortgage

1: Retirement is well ahead of schedule and in fact I am looking at having a RMD problem in the future given my high 401k balances. To paraphrase a bumper sticker "Life Happens". With 35 years until the RMD's start there is plenty that could happen, both good and bad, that would cause you...
by Watty
Sun Aug 24, 2014 10:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help Requested - home purchase "cash" or mortgage
Replies: 8
Views: 982

Re: What 5 stocks can I own forever?

I am about to redeem from a hedge fund and want to put all of the proceeds into about 5 quality dividend paying stocks that I can hold for decades. Can anybody recommend what they like. I already own a basket of great Vanguard index funds and have a good allocation to bonds as well. Thanks. An addi...
by Watty
Sun Aug 24, 2014 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: What 5 stocks can I own forever?
Replies: 58
Views: 4433

Re: Old Employer 401K to Vanguard Traditional IRA

My wife has $5800 in a past employer 401K in a target date fund with an expense ratio of 1.01%. That is only costing you and extra $50 a year which is not ideal but paying for a Roth conversion in a high tax bracket could cost you a lot more. Leaving it there would not be all that bad and there mig...
by Watty
Sat Aug 23, 2014 9:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Old Employer 401K to Vanguard Traditional IRA
Replies: 11
Views: 974

Re: 87 Year Old Grandmother Has $600,000 In the Bank

This money is currently spread across three bank accounts and is used, along with a trust that owns rental property, to support my fiance's 87 year old grandmother. I am still figuring out all of the particulars (it just came to my attention that the money is invested in this way) but I estimate th...
by Watty
Sat Aug 23, 2014 8:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: 87 Year Old Grandmother Has $600,000 In the Bank
Replies: 42
Views: 5476

Re: Should I fix a "totaled" car

There is no way that I would put that much into fixing a car that has $130K miles. There is also a good chance that there will be additional problems found during the repairs and it would cost more or there will be something like electrical problems that will be quirky for as long as you own the car...
by Watty
Sat Aug 23, 2014 8:18 pm
 
Forum: Personal Consumer Issues
Topic: Should I fix a "totaled" car
Replies: 32
Views: 2176

Re: Is it me, or are "collectibles" worthless in 2014?

I caught part of a car collector TV show where they were talking about how car collector prices of popular cars tend to follow the ages of of the people that were young when the cars came out. As I recall they were talking about common 1950's cars that were dropping in prices since few people that w...
by Watty
Sat Aug 23, 2014 8:02 pm
 
Forum: Personal Consumer Issues
Topic: Is it me, or are "collectibles" worthless in 2014?
Replies: 79
Views: 6013

Re: Do you take all of your allowed paid vacation time?

My favorite story about people not taking much vacation time was told to me by an auditor that I was working with on an unrelated project. It was about a company that had a very dedicated employee that rarely took a vacation day and came in to work even when he should have stayed home sick. He was h...
by Watty
Fri Aug 22, 2014 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you take all of your allowed paid vacation time?
Replies: 88
Views: 5632

Re: Low Tax Bracket & Almost Retired - Tax Exempt or Not??

There are two more things to consider; 1) Her combined tax bracket including her state taxes. 2) If she will be in the income range were more of her social security becomes taxable with more income then her effective tax bracket could be a lot higher than 15% even though it looks like that is the ta...
by Watty
Thu Aug 21, 2014 10:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low Tax Bracket & Almost Retired - Tax Exempt or Not??
Replies: 11
Views: 1126

Re: Advice on 401k - Traditional vs Roth

This is a hard question to answer since the ideal choice would be to have a mixture of account types so you will have more options when you are retired. If you are in the 25% or higher federal tax bracket it would take some compelling reasons, which is very possible, to choose a Roth when you could ...
by Watty
Thu Aug 21, 2014 10:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on 401k - Traditional vs Roth
Replies: 17
Views: 1287

Re: Good place to buy eyeglasses without insurance?

Just a couple of months ago I bought a new pair, but recently suffered an unfortunate mishap and destroyed my glasses. So I need a new pair. I already used my insurance benefits, so i'd have to pay completely out of pocket. If you paid for the glasses with a credit card be sure to check to see is t...
by Watty
Thu Aug 21, 2014 10:21 pm
 
Forum: Personal Consumer Issues
Topic: Good place to buy eyeglasses without insurance?
Replies: 39
Views: 2397

Re: Investors Pour Into Vanguard, Eschewing Stock Pickers

I have not followed how much they use it but with that much stock Vanguard should have a lot of clout with the companies that it owns shares of so they may be able to help get companies more focused on doing what is in the shareholders best interests.
by Watty
Thu Aug 21, 2014 10:11 pm
 
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 70
Views: 6638

Re: Driving in Costa Rica

There several shuttle companies that you can get to take you between towns so you don't need to hire a private van. You will likely be there in the high season so be sure to make reservations for transportation, or a rental car well in advance. Taking a van to and from Arenal and renting a car there...
by Watty
Thu Aug 21, 2014 4:52 pm
 
Forum: Personal Consumer Issues
Topic: Driving in Costa Rica
Replies: 23
Views: 1613

Re: Subaru Blues

I'm wondering what sort of problem would cause these symptoms. I sounds like some sort of computer problem, it could be simple or complex but it should still be under warranty. I once had a different brand car with almost 50K miles totally die with a computer problem, but it was still covered under...
by Watty
Wed Aug 20, 2014 9:46 pm
 
Forum: Personal Consumer Issues
Topic: Subaru Blues
Replies: 85
Views: 7208

Re: Sport of Fencing question

I would pay a visit to the high school coach and ask him how your son might best prepare. +1 It has been many years but I did some fencing in high school and even though it was a large high school everyone that wanted to be on the fencing team was welcome since they did not have so many people that...
by Watty
Tue Aug 19, 2014 9:51 pm
 
Forum: Personal Consumer Issues
Topic: Sport of Fencing question
Replies: 5
Views: 535

Re: 401k versus Roth IRA

In case have not heard of doing this, you can use last years tax software you can make up a dummy copy of your tax return to see how making different choices will change your taxes. It will not be exact because of tax law changes but it adding or subtracting $100 in income will show your your true m...
by Watty
Tue Aug 19, 2014 9:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k versus Roth IRA
Replies: 15
Views: 676

Re: Retirement Planning

Your clarifying statement regarding your professions was helpful. Given your tax bracket I would suggest that you contribute the $10,000 to your 403b. While not great, you have S&P 500, Mid Cap and Small Cap options that are not horrible. For the time being I would invest there. You might consi...
by Watty
Tue Aug 19, 2014 9:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning
Replies: 14
Views: 1531

Re: Retirement Investment Help

If you have not read it already you might start by reading the Bogleheads guide to investing http://www.amazon.com/s/?search-alias=aps&tag=bogleheads.org-20&field-keywords=Bogleheads There is also a "getting started wiki" in case you have not see it. http://www.bogleheads.org/wiki/...
by Watty
Tue Aug 19, 2014 9:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Investment Help
Replies: 2
Views: 358

Re: Parents sold second home. Need advice on how to invest

denovo wrote:
Ged wrote:The first suggestion is to avoid financial managers!

If their income needs are truly met I'd suggest a 3 fund portfolio at Vanguard with about 50% in equities.


This.


+1

At the very least they need to know exactly how the financial adviser is compensated.
by Watty
Tue Aug 19, 2014 8:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Parents sold second home. Need advice on how to invest $$$
Replies: 5
Views: 646

Re: Should non-vested retirement assets be treated different

Should non-vested retirement assets be treated differently?


You may not have the choice to invest it differently if it is a cash match. At least in my 401K the company match is invested the same as the rest of your portfolio and you cannot specify a different investment for it.
by Watty
Tue Aug 19, 2014 7:09 pm
 
Forum: Investing - Theory, News & General
Topic: Should non-vested retirement assets be treated differently?
Replies: 8
Views: 448

Re: 401k versus Roth IRA

Thank you for the very informative response. When I went to withdraw the money I just put into the Roth it was asking me the reason. Early withdrawal or early withdrawal with disability. It's lost a dollar so it's all contribution. How do I get it out? It's only $300 but I may as well get it out. I...
by Watty
Tue Aug 19, 2014 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k versus Roth IRA
Replies: 15
Views: 676

Re: Help talk family out of moving money to new attractive f

There has been a gentleman named Neil Woodford from here in the UK. Apparently he has been having great results for quite some time. You can see his performance here. There is also a video of him speaking. One thing to notice is that the graph he gives compares his performance to the "sector a...
by Watty
Tue Aug 19, 2014 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help talk family out of moving money to new attractive fund
Replies: 4
Views: 485

Re: 401k versus Roth IRA

Tax Rate: 25% Federal (118k taxable last year for HH), 0% State Unless you are on a high income career path that is just getting started then in the 25% tax bracket it would take a compelling reason, which is possible, to pass up a deductible retirement account to go with a Roth. Except for being a...
by Watty
Tue Aug 19, 2014 6:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k versus Roth IRA
Replies: 15
Views: 676
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