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Re: Reaching Severe Burnout - Can I Scale Back Career?

Reaching Severe Burnout - Can I Scale Back Career? ..... I am still young (30) ...... Just this year, we reached a net worth of $600K ($350 tax deferred, $250 taxable, no home ownership). Years ago I thought this would be enough but now that I'm there it does t seem like so much, hence my dilemma. ...
by Watty
Wed Jul 23, 2014 8:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 33
Views: 2297

Re: Will baby boomers retiring spell doom for the markets

I agree that this is mostly noise especially since the baby boomers retirement will be spread out over almost 50 years since it will be a long time until the last of the baby boomers, who were born as late as 1964 die off. A few things not mentioned; 1) The money that baby boomers take out of their ...
by Watty
Wed Jul 23, 2014 6:05 am
 
Forum: Investing - Theory, News & General
Topic: Will baby boomers retiring spell doom for the markets
Replies: 42
Views: 3816

Re: New investor with an unexpected windfall

Be sure to take your time in deciding what to do. http://www.bogleheads.org/wiki/Managing_a_windfall There is nothing wrong with parking the money in several bank (to keep below the insurance limits) for six months or a year while you learn more and decide what to do. It would be good to make sure y...
by Watty
Tue Jul 22, 2014 9:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor with an unexpected windfall
Replies: 14
Views: 1256

Re: Help me choose a new tv

The last I looked Costco provided a better warranty then most stores.

You are looking at getting a huge TV, be sure to check to see if it is the right size for the viewing distance that you will have in the room, many people end up getting TV that are too large which can be a problem.
by Watty
Tue Jul 22, 2014 9:05 pm
 
Forum: Personal Consumer Issues
Topic: Help me choose a new tv
Replies: 31
Views: 1452

Re: 2 days in Portland, suggestions?

you can drive by Multnomah falls, but go about 10 miles further and do the hike to Wahclella falls or Eagle Creek/Punchbowl falls instead. Multnomah falls is worth stopping by but it tends to be very busy since it is right on the highway but there are a number of other waterfalls that you can eithe...
by Watty
Tue Jul 22, 2014 9:00 pm
 
Forum: Personal Consumer Issues
Topic: 2 days in Portland, suggestions?
Replies: 34
Views: 1132

Re: New car - put extra $ towards current loan or save?

If you are getting near the end of the full 36 month warranty on your current car then it would be better to sell it sooner rather than later. You will likely get a bit of premium while it is under the full warranty.
by Watty
Mon Jul 21, 2014 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: New car - put extra $ towards current loan or save?
Replies: 9
Views: 586

Re: cash in ibond or use savings for education

Thank you for any ideas. It would be good to do a dummy tax return to see just how large a tax advantage it would be for you. If your situation has not changed much you can just make a copy of last years tax return, if you did it yourself, and tweak the numbers a bit. One of the problems is that if...
by Watty
Mon Jul 21, 2014 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: cash in ibond or use savings for education
Replies: 9
Views: 669

Re: Income for my 81 Year Old Father

I too am in my 80's with a good bit of cash and i bonds and never thought of dividing the total by 20 in order to see what i could draw down on an annual basis with no risk involved since i own no equities.I would be very comfortable .Thank you Lady Geek! Bob Yes, It is amazing how many people agon...
by Watty
Mon Jul 21, 2014 4:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Income for my 81 Year Old Father
Replies: 11
Views: 1438

Re: Need advice re hearing aid for small child

Be sure to double check with your insurance company to see if the hearing aid will be covered. My company provided insurance plan does not say anything about hearing aids in the list of plan benefits that they hand out during open enrollment, but it does cover my wife's hearing aids. Since the compa...
by Watty
Mon Jul 21, 2014 11:46 am
 
Forum: Personal Consumer Issues
Topic: Need advice re hearing aid for small child
Replies: 21
Views: 922

Re: US car rental insurance for foreign tourist ?

When researching this be sure to look at liability insurance in case she injures someone and insurance to cover damage to the car. The only credit card coverage I have heard of covers damage to the car. Any liability coverage through the rental car company would likely not only be expensive but also...
by Watty
Mon Jul 21, 2014 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: US car rental insurance for foreign tourist ?
Replies: 9
Views: 799

Re: Can I retire early?

Expenses: Essentials (real estate taxes, fed/state taxes, health insurance included here): $46,000 annually Discretionary (big travel budget, foodie interests, garden, classes, fitness): $50,000 annually Total: $96,000 including taxes That might be what you need to provide right now, but in about t...
by Watty
Sun Jul 20, 2014 7:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I retire early?
Replies: 28
Views: 3823

Re: Gray Market woes

You might also contact the company to see if they have any suggestions.
by Watty
Sat Jul 19, 2014 9:58 pm
 
Forum: Investing - Theory, News & General
Topic: Gray Market woes
Replies: 20
Views: 2030

Re: I was tempted to market time and didn't

The drop and bounce back was only about 1% each way. Even if you timed it perfectly and sold with before the drop and bought back before the bounce then that is only a combined 2% gain, before taxes and trading costs. That would of course been nice to have but the risk if it turning out badly and th...
by Watty
Sat Jul 19, 2014 4:43 pm
 
Forum: Investing - Theory, News & General
Topic: I was tempted to market time and didn't
Replies: 19
Views: 1805

Re: AA for a spoiled young buck

Questions: 1. The American Century Growth, Janus Worldwide, and Vanguard Value Index were set up as gift trust funds for me when I was a lad. Between the 3, they have roughly $55k in unrealized gains. A large chunk of change for someone in the 25% tax bracket! I'm in favor of reducing the number of ...
by Watty
Sat Jul 19, 2014 4:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA for a spoiled young buck
Replies: 13
Views: 2111

Re: Honda Fit, Civic

Comfort is not a part of my selection criteria, I adapt to the car I have. Have you driven Fit in the mountains? Yes and no. I am from the west cost but I am living on the east coast now. I have driven it in the Appalachians and it did just fine, but some people would not consider those "real&...
by Watty
Sat Jul 19, 2014 10:59 am
 
Forum: Personal Consumer Issues
Topic: Honda Fit, Civic
Replies: 32
Views: 3008

Re: Honda Fit, Civic

2. In retirement I may start taking long road trips and driving in mountains. Fit or Civic or Accord? I expect that in retirement I will also take some long road trips but without commuting the total miles I drive each year will be a lot less so the importance so getting the best gas mileage will b...
by Watty
Sat Jul 19, 2014 10:40 am
 
Forum: Personal Consumer Issues
Topic: Honda Fit, Civic
Replies: 32
Views: 3008

Re: How much energy does water heater use when I'm not home?

Any thoughts on this would be a appreciate. The next time you go on vacation turn off as many electric items as possible then look at the electric meter before and after you your trip to see how much electricity was used. That will tell you how much your entire house used. There will be some other ...
by Watty
Fri Jul 18, 2014 10:33 pm
 
Forum: Personal Consumer Issues
Topic: How much energy does water heater use when I'm not home?
Replies: 32
Views: 2690

Re: Living on Dividends

Hi, Here are a few links that might be of interest if you have not seen them yet. There are decades until you need to worry about the withdraw methods but here is the wiki that gives an overview of some of the options. http://www.bogleheads.org/wiki/Withdrawal_methods Generally speaking if you will ...
by Watty
Fri Jul 18, 2014 10:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Living on Dividends
Replies: 16
Views: 3559

Re: Buy a condo for college?

Dorms have an advantage in that there is at least minimal supervision and they are a great way for them to acclimate to college and make new friends so there is a lot to be said for having them live in a dorm for at least their first year. If they live in a dorm on campus for the first year there is...
by Watty
Fri Jul 18, 2014 7:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy a condo for college?
Replies: 29
Views: 2365

Re: New Grad needing some advice

Contributing at least 6% to get the maximum match is an easy choice and combined with the employers match that will give you over a 10% contribution. You have a lot of other financial goals that likely include things like; Paying down your debt. Saving up a good emergency fund. (using the Roth like ...
by Watty
Fri Jul 18, 2014 4:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Grad needing some advice
Replies: 14
Views: 1141

Re: Cash out pension?

Should we roll the money? It certainly seems like it unless something is egregiously wrong with my calculations.



Your numbers look good and I would roll the money over.

An additional problem is that she may be able to take a lump sum now, but they may eliminate that option in the future.
by Watty
Fri Jul 18, 2014 3:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash out pension?
Replies: 30
Views: 1628

Re: Honda Fit, Civic

I have experience driving in snow elsewhere and the few times I have driven my Fit here in Atlanta in a couple of inches of snow it seemed more than acceptable. The problem with it though is that it has almost no ground clearance. I didn’t look it up but I suspect that it would bottom out if you tri...
by Watty
Fri Jul 18, 2014 3:17 pm
 
Forum: Personal Consumer Issues
Topic: Honda Fit, Civic
Replies: 32
Views: 3008

Re: Selling RV Abroad & Bringing Cash Home

Argentina has all sorts of currency problems, to put it mildly, so it might be very difficult to get the cash out of that country. It would a long drive but going back up to Brazil to sell it might be another option to consider.
by Watty
Thu Jul 17, 2014 9:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling RV Abroad & Bringing Cash Home
Replies: 23
Views: 2086

Re: 15 year mortgage or a 30 year & Invest?

Person B) takes out a 30 year fixed mortgage and with the extra money (the difference between person A's monthly payment and person B's) that he doesn't need to pay had he taken a 15 year mortgage, he invests extra in his index fund, still all in his tax advantage accounts (roughly 27% of his incom...
by Watty
Thu Jul 17, 2014 9:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15 year mortgage or a 30 year & Invest?
Replies: 34
Views: 3539

Re: Ways to help daughter financially? (property, tax, and e

If you have been renting the house and taking depreciation then selling the house would likely also result in extra capital gains taxes because the depreciation would reduce your cost basis. I would suspect that if you gave her the house the depreciation would be also be a problem. Any other ideas? ...
by Watty
Wed Jul 16, 2014 10:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ways to help daughter financially? (property, tax, and estat
Replies: 9
Views: 1188

Re: New inheritance added to portfolio- grateful for advice

It would be good to check, but I would assume that the bond ladder was inherited at a stepped up cost basis. If so then the excess bonds could be sold with little tax consequences so that you could purchase equities to get your portfolio balanced. Tax bracket: Fed 35% State 5.75% Portfolio is in mid...
by Watty
Wed Jul 16, 2014 10:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: New inheritance added to portfolio- grateful for advice
Replies: 3
Views: 757

Re: Debt Payoff Plan - Student/Car Loans

You may be able to refinance the car loan at a much lower interest rate, possible less than 2%.
by Watty
Tue Jul 15, 2014 10:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debt Payoff Plan - Student/Car Loans
Replies: 9
Views: 1099

Re: Using Emergency Fund to Pay off Auto Loan

With a new baby due in a few weeks you may need the emergency fund then if there are any complications. I would keep it and use it to pay the day care if you need to. The interest you are saving on the car loan is minimal. I would put that idea on the back burner and then look at this again in six m...
by Watty
Tue Jul 15, 2014 9:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Using Emergency Fund to Pay off Auto Loan
Replies: 20
Views: 1559

Re: Small Inherited IRA - what would you do?

If your are eligible for other deductible retirement accounts that you are not maxing out then you withdraw some money from the inherited account each year then make a matching deductible retirement account contribution. For example if you can make a $3,000 additional deductible IRA contribution the...
by Watty
Tue Jul 15, 2014 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Small Inherited IRA - what would you do?
Replies: 7
Views: 1034

Re: New Grad needing some advice

The book “The Bogleheads' Guide to Investing” is a good place to start and it is very readable. http://www.amazon.com/s/?search-alias=aps&tag=bogleheads.org-20&field-keywords=Bogleheads If you like it then as I recall it has been translated into a number of languages so it might be useful fo...
by Watty
Tue Jul 15, 2014 8:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Grad needing some advice
Replies: 14
Views: 1141

Re: Buying a camper

One thing to consider is where you will store it when you are not using it. We had a pop-up when I was a kid and we were able to keep in on one side of the house when it was not in use because it had a low profile. A hard sided trailer would have been much higher and could not have been stored there...
by Watty
Mon Jul 14, 2014 8:50 pm
 
Forum: Personal Consumer Issues
Topic: Buying a camper
Replies: 26
Views: 2437

Re: I'm cosigner .. Friend thinking of bankruptcy .. Pls hel

What is the car worth now? That may make a big difference in how to approach it.


One concern that I would have is that your friend keep the car insured.
by Watty
Mon Jul 14, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: I'm cosigner .. Friend thinking of bankruptcy .. Pls help
Replies: 64
Views: 7225

Re: Help for parent nearing retirement (unsolicited)

Does this seem like a logical recommendation? Does anyone have any advice about how to present this suggestion that has gone through something similar? If she is open to it then I think that the first thing to do would be to just get all her paperwork together and simply list all of her accounts an...
by Watty
Mon Jul 14, 2014 6:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help for parent nearing retirement (unsolicited)
Replies: 17
Views: 1264

Re: Help me rebalance, reorganize and refocus my mom

For simplicity, consider the 3-fund portfolio: http://www.bogleheads.org/wiki/Three-fund_portfolio Maybe keep both total bond and inflation bonds. Some use age in bonds, or age - 10. Does she have full or partial SBP (55% of full or designated amount of his pension)? Maximizing everything would be ...
by Watty
Sun Jul 13, 2014 10:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me rebalance, reorganize and refocus my mom
Replies: 4
Views: 633

Re: tax efficient withdrawals in retirement

If you have not already seen it, then take a look at this wiki

http://www.bogleheads.org/wiki/Principl ... _placement

For people in high tax brackets there are tax effecient mutual funds and muni bond funds that will help control the taxes.
by Watty
Sun Jul 13, 2014 10:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: tax efficient withdrawals in retirement
Replies: 10
Views: 1651

Re: Moving from Midwest to Coastal Cities: COL Adjustment?

Have I missed out anything? If you have, or likely will have, kids then they will be in a bind when they get to be in their 20's and they may have a difficult time affording what it costs to live near you. I saw this several times when I was living in Silicon Valley years ago. I was just out of col...
by Watty
Sun Jul 13, 2014 9:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Moving from Midwest to Coastal Cities: COL Adjustment?
Replies: 25
Views: 2485

Re: Should I try to re-fi my mortgage?

How did the process go for you?

There have been some threads where people were not completely happy with the process.
by Watty
Sun Jul 13, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I try to re-fi my mortgage?
Replies: 26
Views: 3269

Re: Ditch car and commute to work in 250cc scooter in Raleig

An additional problem if you only have the scooter, or small motorcycle, is that will end up driving it in less than ideal conditions which would the risks even worse. I have heard of an emergency room doctor that called motorcycles, donor-cycles, since he had seen so many people that drove them bec...
by Watty
Sat Jul 12, 2014 11:46 pm
 
Forum: Personal Consumer Issues
Topic: Ditch car and commute to work in 250cc scooter in Raleigh?
Replies: 69
Views: 4528

Re: Who else hates choosing a car?

Does everyone drive a used Corolla with 200K miles on it since that is the most financially smart move? My basic car ownership plan is to buy reliable cars like a Honda or Toyota new when I can get a good deal and then keep them for about 10 years or 150K miles. Usually I can get a reliable car lik...
by Watty
Sat Jul 12, 2014 11:26 pm
 
Forum: Personal Consumer Issues
Topic: Who else hates choosing a car?
Replies: 75
Views: 6280

Re: mom wants to "sell" me her condo for estate planning

Another potential problem is that you could die before her or you could get divorced and having the condo in your name would make things a lot more complicated. She could also get married and then want her assets be left for support here new husband when she dies. Who pays for the property tax and c...
by Watty
Sat Jul 12, 2014 10:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: mom wants to "sell" me her condo for estate planning
Replies: 23
Views: 2991

Re: A Big Thank You After Visiting Accountant

A tip for the younger and/or newer members; Once you know even a little bit you can learn a lot by trying to explain what you do know to someone that is even newer than yourself. I find that trying consider a topic from some another persons different situation often gives me more insight into how th...
by Watty
Sat Jul 12, 2014 10:34 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: A Big Thank You After Visiting Accountant
Replies: 17
Views: 2473

Re: Travel Converters/Adapters

More info here;

https://www.ricksteves.com/travel-tips/ ... converters


Look very carefully at the item you want to use to make sure that it says something like 110/220 on it or it will get fried and might start a fire. (most do)
by Watty
Sat Jul 12, 2014 9:20 pm
 
Forum: Personal Consumer Issues
Topic: Travel Converters/Adapters
Replies: 11
Views: 872

Re: Economist: The $15 trillion question

In the US at least there never was a Golden Age where pensions were common.


Or worked very when they did exist. Very few non-government pensions are inflation adjusted and pensions gave a a lot of incentive to lay or or not hire older workers.
by Watty
Sat Jul 12, 2014 9:06 pm
 
Forum: Investing - Theory, News & General
Topic: Economist: The $15 trillion question
Replies: 5
Views: 2388

Re: Well-being Check For a New Guy

One of the advantages of a Roth is that it can make less of your social security taxable. http://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits With the pension you will not have that issue, although your spouse might have social security, so that would make the Roth less favorable. Ha...
by Watty
Sat Jul 12, 2014 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Well-being Check For a New Guy
Replies: 7
Views: 1498

Re: Well-being Check For a New Guy

It looks pretty good and there have been some good answers already. A few things to add. Mortgage - $130k left on loan at 4.25% on home worth $225k. Currently making extra payments of $400/month with goal of paying off house at age 40. That is very similar to what my mortgage was that I wanted to ge...
by Watty
Fri Jul 11, 2014 11:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Well-being Check For a New Guy
Replies: 7
Views: 1498

Re: Engineer career change

I'm 23 and work as a software engineer for an aerospace/defense company. You are at an age where you should easily be able to switch industries in some sort of computer position. In any type of career the first could of years might not be doing the most enjoyable work by as you get some more experi...
by Watty
Fri Jul 11, 2014 9:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Engineer career change
Replies: 55
Views: 5395

Re: Purchasing 4 Snorkel Sets- kids still growing

I got relatively inexpensive prescription Goggles here and I have been very happy with them and I have a strong prescription. http://www.snorkel-mart.com/master.cfm?CategoryID=28 These are made with pre-made lenses that don't correct for things like astigmatism so they are not as good as custom made...
by Watty
Fri Jul 11, 2014 9:37 pm
 
Forum: Personal Consumer Issues
Topic: Purchasing 4 Snorkel Sets- kids still growing
Replies: 7
Views: 787

Re: Euros for a regular retail client

I will be travelling to Europe in about a month and would like to bring Euros along with me (I am thinking something like $500 USD worth). That is a lot of cash to be carrying even if you use a money belt, especially when you are not familiar with where the good and bad parts of town are and what t...
by Watty
Fri Jul 11, 2014 9:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Euros for a regular retail client
Replies: 20
Views: 1712

Re: Family cabin [Estate] planning

You should be sure to check into the liability insurance in case someone gets hurt up there once you are a part owner.
by Watty
Fri Jul 11, 2014 9:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Family cabin [Estate] planning
Replies: 25
Views: 1954
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