Search found 5854 matches

by Watty
Mon Jun 29, 2015 3:45 pm
Forum: Personal Consumer Issues
Topic: My email being used on a foreign Facebook account
Replies: 4
Views: 530

Re: My email being used on a foreign Facebook account

1) Try sending a FB message to the person asking them to fix it.

2) Reply to the messages with the news that you are expecting twins.
by Watty
Mon Jun 29, 2015 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for advice on Eurozone [Transfer funds to US?]
Replies: 5
Views: 362

Re: Looking for advice on Eurozone

In uncertain times diversification is likely a better choice than trying to guess what will happen.

You only need a limited amount of cash like investments so if the rest of your holdings is well diversified that will help protect you from getting slammed if you guess wrong.
by Watty
Mon Jun 29, 2015 3:13 pm
Forum: Personal Consumer Issues
Topic: Caribbean vacation recommendations
Replies: 27
Views: 2067

Re: Caribbean vacation recommendations

Wherever you decide to go pay a lot attention to your flight connections, especially if you will be flying anywhere near hurricane season. The problem is that if you have a connection in some place like Miami then you have to worry about the weather there too. Some of the islands only have one fligh...
by Watty
Mon Jun 29, 2015 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Where to Save Excess Budget Each Month?
Replies: 8
Views: 1026

Re: Where to Save Excess Budget Each Month?

The OP is 23 and there are lots of non-retirement goals where a taxable account makes lots of sense, for example saving up to pay cash for an eventual replacement car, or a down payment for a house some day(at 23 there is no hurry though). The OP is in the 15% federal tax bracket so long term capita...
by Watty
Mon Jun 29, 2015 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Housing Market in Southern California
Replies: 24
Views: 2065

Re: Housing Market in Southern California

So today, I went to 6 open house. Prices are in the $800-900s k. Good areas (Pasadena, Sierra Madra, Monrovia, Arcadia). To my surprise: 3 houses: nobody was there 3 houses: only a couple of people were there Did you have a similar experience? In a "normal market" that actually does not s...
by Watty
Mon Jun 29, 2015 10:55 am
Forum: Personal Consumer Issues
Topic: Purchase '98 Toyota Camry?
Replies: 12
Views: 1161

Re: Purchase '98 Toyota Camry?

Three thousand dollars sounds high for a car that is almost 18 years old. That is almost a sixth of what a new base model Camry would sell for. I once bought a low mileage car like that from an older person and had nothing but trouble with it. In addition to mileage the age is a big factor and it if...
by Watty
Sun Jun 28, 2015 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 46
Views: 3598

Re: Lucent offering pension buyout to retirees: what to do?

It would be good for him to get a very good physical before he decides so he will have as much information about his health as possible. He should ask the doctor if it would be worth getting any additional tests even if the insurance company will not pay for some of them. He should also ask if it is...
by Watty
Sun Jun 28, 2015 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: Drawing from Retirement Savings to Delay SS
Replies: 34
Views: 3167

Re: Drawing from Retirement Savings to Delay SS

I will be delaying but there are so many variables that it will be a year by year decision. One factor you didn't mention is doing Roth conversions which isn't depleting the portfolio.
by Watty
Sun Jun 28, 2015 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investing Lump Sum for Little Sister
Replies: 6
Views: 769

Re: Investing Lump Sum for Little Sister

She has been divorced for many years If she was married for ten years then she can likely claim social security on her ex-husbands account. That opens up all sorts of permutations on Social Security claiming strategies. BL: 15% federal marginal tax bracket. If she makes retirement account contribut...
by Watty
Sun Jun 28, 2015 3:35 pm
Forum: Personal Consumer Issues
Topic: can you recommend comfortable walking shoes?
Replies: 43
Views: 2946

Re: can you recommend comfortable walking shoes?

Be careful when buying shoes online, there is a problem with counterfeit shoes. I know New Balance has had problems with counterfeits and I would assume that the other brands have problems too. I like them but one thing to watch out for with New Balance shoes is that they seem to be less consistent ...
by Watty
Sun Jun 28, 2015 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Forfeit 12k in rent and buy now?
Replies: 17
Views: 1213

Re: Forfeit 12k in rent and buy now?

It is also possible that the seller of the house you are looking at buying is also having an equally hard time timing the purchase of their next house and would be interested in delaying the closing some or renting the house back from you for a few months. Your mortgage company likely has a limit on...
by Watty
Sat Jun 27, 2015 9:53 pm
Forum: Personal Consumer Issues
Topic: Travel to Greece
Replies: 57
Views: 3938

Re: Travel to Greece

Planing vacation for summer 2016 From everything I have read the Greek Islands can be pretty hot, crowded, and peak prices in the summer when all the Europeans are on vacation. I was there in mid-September a few years ago before the problems started and the weather was wonderful and there were no c...
by Watty
Sat Jun 27, 2015 6:19 pm
Forum: Personal Consumer Issues
Topic: Need to dispose tube TV in Pennsylvania. Township won't pick up.
Replies: 37
Views: 2842

Re: Need to dispose tube TV in Pennsylvania. Township won't pick up.

In addition to the shock hazard the large CRT picture tube is also dangerous since if they break they can implode because of the vacuum and send glass flying. If you move it be careful. https://www.youtube.com/watch?v=_kAxSaETJRI Some of them are also very heavy so watch out for back injuries. If yo...
by Watty
Sat Jun 27, 2015 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Move for a Federal Job - Finances?
Replies: 21
Views: 2261

Re: Move for a Federal Job - Finances?

Mark in IT I am sure there are lots of highly skilled IT people and groups working in the federal government. That said my impression is that many of the IT groups in the federal government are less than ideal technical places to work even if the pay and benefits are good. I didn't see anything in ...
by Watty
Sat Jun 27, 2015 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: As a couple in late 30s, how bad are we doing?
Replies: 36
Views: 5683

Re: As a couple in late 30s, how bad are we doing?

Be sure to see the getting started wiki; http://www.bogleheads.org/wiki/Getting_started The Bogleheads guide to investing is also worth reading. http://www.amazon.com/s/?search-alias=aps&tag=bogleheads.org-20&field-keywords=Bogleheads One thing I do is to keep a simple spreadsheet that adds ...
by Watty
Sat Jun 27, 2015 4:59 pm
Forum: Personal Consumer Issues
Topic: Three devices = redundancy
Replies: 29
Views: 2869

Re: Three devices = redundancy

but have no idea if they even make simple cellphones any longer. They do. I have a flip phone that cost less than $20 and I am on a plan that costs about $7 a month for more minutes than I will ever use. Typically when I am out somewhere were a smartphone would be useful I am with someone that has ...
by Watty
Sat Jun 27, 2015 11:06 am
Forum: Personal Consumer Issues
Topic: Concerned about selling tablet computer on eBay. Seller protection question.
Replies: 17
Views: 1494

Re: Concerned about selling tablet computer on eBay. Seller protection question.

For something that expensive don't risk ebay, a few years ago they changed it so that sellers have basically no protections. A few years ago my wife sold some higher end shoes that she found at a garage sale on ebay for about $50, in the store they would have been several hundred dollars when they w...
by Watty
Fri Jun 26, 2015 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Home equity loan to pay off student loan @ 6.55%
Replies: 10
Views: 945

Re: Home equity loan to pay off student loan @ 6.55%

2. Is there anything else I should be considering when making this decision? Would doing a full cash out refinance get you a lower interest rate than your current mortag? If so that would be an option to look at even though it would have some costs. Your cash flow and taxes might be a bit different...
by Watty
Fri Jun 26, 2015 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring @ 60; $1 million (portfolio)
Replies: 22
Views: 6478

Re: Retiring @ 60; $1 million (portfolio)

I am in a somewhat similar situation and one of the things I have looking at is the taxation once Social Security starts. http://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits This can be high and once you have to start taking RMD's it could add up to be more than you might be expectin...
by Watty
Thu Jun 25, 2015 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Settlement money to buy a house
Replies: 5
Views: 664

Re: Settlement money to buy a house

A Certificate of Deposit (or CD for short) is about the best you can do for a safe investment but it will not pay a lot now either. Probably about 1% for a one year CD but your money would be locked up for a year. Some CD's will let you get your money out early by paying a fee. http://www.bogleheads...
by Watty
Thu Jun 25, 2015 8:21 pm
Forum: Personal Consumer Issues
Topic: Scotland / Ireland Castles?
Replies: 19
Views: 1583

Re: Scotland / Ireland Castles?

I recently listened to the modern scholar lecture series about castles that I got at my local library.

http://www.amazon.com/The-Modern-Schola ... B004QIUIKE

It was interesting and worth listening to if you can get it at your library but it probably is not worth buying.
by Watty
Thu Jun 25, 2015 10:55 am
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (Los Angeles)?
Replies: 15
Views: 2436

Re: How much house can I afford (Los Angeles)?

$1M bucks house........be prepared to work harder just to pay property tax!!! :mrgreen: The parents $1K/month contribution to household expenses would cover most of the property tax. OP pays tax so he gets the income tax deduction, parents chip in by providing OP money to cover shared household liv...
by Watty
Wed Jun 24, 2015 7:32 pm
Forum: Personal Consumer Issues
Topic: Most Economical Way to Handle the Lawn
Replies: 67
Views: 5945

Re: Most Economical Way to Handle the Lawn

I was serious about consulting with your neighbor. They obviously have got your climate figured out, so you should really try to do what they have done at least as far as a lawn and grass are concerned. You will do much worse following the advice of folks in this thread because we have no idea wher...
by Watty
Wed Jun 24, 2015 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase: $350k/$70k-down vs $400k/120k-down
Replies: 19
Views: 2430

Re: Home purchase: $350k/$70k-down vs $400k/120k-down

What is your take on starting off with the the 30 yr amortized mortgage payments on the 15/15 ARM? Since its amortized over 30 years vs 15 years, I have the option of paying the lower mortgage now and making extra payments. There is nothing wrong with the 15/15 ARM and at some rate and closing cost...
by Watty
Wed Jun 24, 2015 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (Los Angeles)?
Replies: 15
Views: 2436

Re: How much house can I afford (Los Angeles)?

I would take a hard look at buying a nearby condo for your parents and a separate house or condo for yourself. Being single you may not need a three bedroom house and if you get into a relationship, or you change your job, or a hundred other things, you might want to move and it would be hard to fig...
by Watty
Wed Jun 24, 2015 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase: $350k/$70k-down vs $400k/120k-down
Replies: 19
Views: 2430

Re: Home purchase: $350k/$70k-down vs $400k/120k-down

Watty wrote:I would just go with a 30 year fixed mortgage in your situation. Hmm. The only thing is that I would have paid $222k in interest over 30 years vs $77k over 15 years. For a fair comparison you need to also consider the earnings on the money that you can save from having the lower mortgag...
by Watty
Wed Jun 24, 2015 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase: $350k/$70k-down vs $400k/120k-down
Replies: 19
Views: 2430

Re: Home purchase: $350k/$70k-down vs $400k/120k-down

2. Can I afford a 15 year loan? Given we are planning another kid, which will increase our monthly expense to $9,300. That will drop our saving per month to $700, which will likely be wiped out by water bill, maintenance etc. This should decrease till our 2 year old starts going to public school (i...
by Watty
Wed Jun 24, 2015 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my pitiful 401k please
Replies: 10
Views: 1340

Re: Help with my pitiful 401k please

I am particularly concerned about my 401k as the expense ratios are ridiculous and I can’t figure out how to mitigate that. You have a couple of funds that have ER's of less than 1% so one way to to handle it is to put all of your 401K money into that and then use your other accounts with better op...
by Watty
Wed Jun 24, 2015 11:22 am
Forum: Investing - Help with Personal Investments
Topic: I've got $80k burning a whole in my pocket, what should I do with it?
Replies: 21
Views: 2661

Re: I've got $80k burning a whole in my pocket, what should I do with it?

Maxing out the Roth and getting the 403B match is an easy choice. I would suspect that you will be moving in about five years or so. If so then what I would do is to just pay off the $100K mortgage since the cash will be free up when you sell the house and move. You can then invest your "mortga...
by Watty
Wed Jun 24, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: tap IRA to pay off CC debt?
Replies: 31
Views: 3091

Re: tap IRA to pay off CC debt?

The other thought is to take out an IRA-based loan to pay off CC debt. That way I pay myself back the interest. Am I crazy? Any thoughts? You probably meant a 401K loan since you can't have IRA loan, but with those you have to check your companies loan terms since many companies will not allow you ...
by Watty
Wed Jun 24, 2015 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Bad Credit - Long time Hertz Rental?
Replies: 8
Views: 947

Re: Bad Credit - Long time Hertz Rental?

Be sure to check on any insurance that you were expecting through a credit card. That is typically only good for 15 to 30 day rentals. If you bought a "beater" for $1000 and it only lasted for two months then you would come out ahead of renting at $500 a month. Even if you don't have exper...
by Watty
Wed Jun 24, 2015 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Rent or Sell House with ~$300K capital gain?
Replies: 14
Views: 1207

Re: Rent or Sell House with ~$300K capital gain?

Why not try renting it out and see if it's worth it for you? You can rent it out for 3 years after moving out and still not pay capital gains. If you feel like the rental income/ additional capital gains upside is worth it, then I would hold a while and test it out. but the market could slow down a...
by Watty
Wed Jun 24, 2015 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Rent or Sell House with ~$300K capital gain?
Replies: 14
Views: 1207

Re: Rent or Sell House with ~$300K capital gain?

I am not a tax pro, or even an amateur :D but I would suspect that if you converted it to a rental that you depreciation would be based on the original purchase price so that might more than offset any property tax advantages. Be sure to check on the property tax rules. In my area there are property...
by Watty
Tue Jun 23, 2015 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tax implications of telecommuting
Replies: 4
Views: 675

Re: Tax implications of telecommuting

Would your medical insurance be affected by which home office you pick? If you end up in some remote medical plan there may be few in network providers near you.
by Watty
Tue Jun 23, 2015 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Need help planning contributions so I can retire early
Replies: 17
Views: 1579

Re: Need help planning contributions so I can retire early

If was not clear of you were maxing out the 401K but in the 33% tax bracket I would do that before funding the Roth unless you are using the Roth for some non-retirement purpose like an emergency fund. It is likely that you will change jobs withing five or ten years so you may not be locked into the...
by Watty
Tue Jun 23, 2015 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Travel insurance - worth it?
Replies: 44
Views: 3516

Re: Travel insurance - worth it?

I've spent as much as $130 or so to insure a $3k-ish trip, but it was mostly for the evacuation/medical coverage, although it was nice to have the other coverages as well. Make sure you buy early enough to get pre-existing medical coverage, if that applies to you. That is about the same that I have...
by Watty
Tue Jun 23, 2015 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my pitiful 401k please
Replies: 10
Views: 1340

Re: Help with my pitiful 401k please

I am particularly concerned about my 401k as the expense ratios are ridiculous and I can’t figure out how to mitigate that. You have a couple of funds that have ER's of less than 1% so one way to to handle it is to put all of your 401K money into that and then use your other accounts with better op...
by Watty
Tue Jun 23, 2015 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to LCOL state
Replies: 19
Views: 2287

Re: Moving to LCOL state

2. Is uprooting kids in their childhood (<10 yrs old) going to affect their ability to make friends, grow roots. Kids that age make new friends pretty quick. One thing about moving to a new location is that there is a good chance that the kids will settle there when they grow up and they get out on...
by Watty
Tue Jun 23, 2015 2:33 pm
Forum: Personal Consumer Issues
Topic: Moving to Florida from Northeast with pre-school age kid
Replies: 9
Views: 947

Re: Moving to Florida from Northeast with pre-school age kid

Why the thought of moving to Florida (perhaps Tampa area): - Searching for better climate. Too cold during winter here. Why stay put: - Too hot in Florida during summer. If NJ is too cold, and FL is too hot, then it seems like other locations should be explored. +1 and without as large a chance of ...
by Watty
Tue Jun 23, 2015 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: When is a Roth 401k the Better Option?
Replies: 27
Views: 1723

Re: When is a Roth 401k the Better Option?

and would be happy with a 30k/year income level in retirement (todays dollars)..... If that would be something like $15,000 in Social Security and $15,000 from your retirement savings then you would likely be paying almost no income taxes in retirement so you would be in a very low tax bracket then...
by Watty
Tue Jun 23, 2015 1:48 pm
Forum: Investing - Theory, News & General
Topic: What was the 2008 crash like in real time?
Replies: 217
Views: 18869

Re: What was the 2008 crash like in real time?

There was also a sense of Déjà vu since the market was had just pretty much recovered from the Dot Com bust in 2000. The stock market of course was way down but the big thing I remember was that there was a very real feeling that there might be a general financial collapse. At one point TIPS got ove...
by Watty
Tue Jun 23, 2015 11:32 am
Forum: Personal Consumer Issues
Topic: Convince me not to buy Porsche
Replies: 132
Views: 8428

Re: Convince me not to buy Porsche

I max out my 401k (18k fed limit) and Roth IRA (5.5K) and save about $2 a month after accounting for expenses. If you actually been saving $2K a month and not $2 :D then you should just about be able to pay cash for it. One thing I would look at is what your net worth is now. I would suspect that y...
by Watty
Tue Jun 23, 2015 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Social Security and Early Retirement?
Replies: 26
Views: 3847

Re: Social Security and Early Retirement?

It makes more difference for lower income people than higher income people. With the way that the Social Security amounts are calculated working the extra years to fill in all the zeros doesn't make as much difference for people with calculated earnings above about $50K since that is counted at 15% ...
by Watty
Mon Jun 22, 2015 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Work Relocation Opportunity
Replies: 11
Views: 1559

Re: Work Relocation Opportunity

What advice, suggestions, guidance, cautionary tales, etc. would you offer .... When I did a corporate relocation the company had a written policy of which home selling and buying costs they would pay, and many they would not pay. I gave that to the real estate agents so that the contracts could be...
by Watty
Mon Jun 22, 2015 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Best Advice [Best single piece of advice to give a new investor]
Replies: 56
Views: 4337

Re: Best Advice

Save half of any future pay increase through an automatic payroll deposit or deduction.

You will never miss it because each time you get a raise your will still get more money and you will never miss the money that you never see.
by Watty
Mon Jun 22, 2015 8:24 pm
Forum: Personal Consumer Issues
Topic: Concerns about upcoming Greece visit.
Replies: 26
Views: 2923

Re: Concerns about upcoming Greece visit.

I went to the Greek Islands just before the troubles started and one of the things that surprised me is that even then most ferries didn't have a schedule that is set very far in advance. Part of this is that they might have to alter plans because of things like the weather, strikes, mechanical prob...
by Watty
Mon Jun 22, 2015 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to low cost of living area
Replies: 5
Views: 1661

Re: Moving to low cost of living area

Thanks so much for sharing your experiences, Watty. Do you think your professional advancement opportunities declined because of your move? I was in software but I never had any inclination to climb the corporate ladder so while it changed my career path the move did not greatly limit it. My salary...
by Watty
Mon Jun 22, 2015 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Graduated College. Now What?
Replies: 8
Views: 731

Re: Graduated College. Now What?

There is a Wiki on getting started. http://www.bogleheads.org/wiki/Getting_started Paying down the mortgage does not make much sense until you are maxing out your retirement accounts and have the student loans paid off. Paying off the student loans is more of question when, not if, unless you have s...
by Watty
Mon Jun 22, 2015 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Personal Injury Settlement...what to do with it?
Replies: 15
Views: 2441

Re: Personal Injury Settlement...what to do with it?

You should probably edit your post to take out the details of the injury and the lawsuit since you never know how that might come back to hurt your case, especially if they might settle for more than the amounts you were mentioning. It would be adequate to just say that you may be coming into a low ...
by Watty
Mon Jun 22, 2015 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: holding a mortgage in retirement
Replies: 14
Views: 1443

Re: holding a mortgage in retirement

Be sure to see this Wiki. http://www.bogleheads.org/wiki/Paying_down_loans_versus_investing For me the things that make it undesirable in my situation are; 1) It adds to the sequence of returns risk. If you have a $100K mortgage with a $500 a month mortgage payment and there is a 20% market decline ...

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