Search found 6141 matches

by Watty
Fri Aug 28, 2015 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency fund or debt?
Replies: 15
Views: 764

Re: Emergency fund or debt?

Emergency fund. If something happens like a job layoff then you would in a bind real quick and not be able to make the next months payments. Your HELOC would likely be frozen and you would not be able to get any more credit cards, much less a zero interest credit card. You may be in a worse bind tha...
by Watty
Fri Aug 28, 2015 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How would you help setup younger sibling?
Replies: 21
Views: 1132

Re: How would you help setup younger sibling?

If your bother has some sort of special needs then it can get tricky since some of the other assistance and Medicaid that he might be able to get could be based on what assets he has. I would just put the money into a separate account and then give it to him later as he needs it. If you are not marr...
by Watty
Fri Aug 28, 2015 8:56 am
Forum: Personal Consumer Issues
Topic: Debating whether to keep current vehicle or purchase another
Replies: 63
Views: 3369

Re: Debating whether to keep current vehicle or purchase another

Trade in value is maybe somewhere between $400-$500. When I do find another car, I'm debating whether to trade this car in or keep it as a backup. I understand I'd have to pay for a license, insurance, etc. I just have liability ins on this car since it is worth so little so insurance shouldn't cos...
by Watty
Fri Aug 28, 2015 8:44 am
Forum: Personal Consumer Issues
Topic: Debating whether to keep current vehicle or purchase another
Replies: 63
Views: 3369

Re: Debating whether to keep current vehicle or purchase another

Here are some repairs that I made over the past year: Windshield Replacement ($300) Wheel Bearing Issue ($250) Brake Line Repair ($500 total for two separate repairs) Also put new tires on last fall and brakes in the spring. That is $1,050 and the car probably depreciated another couple of hundred ...
by Watty
Thu Aug 27, 2015 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you donate to your kid's public school?
Replies: 60
Views: 3465

Re: How much do you donate to your kid's public school?

The school( Public ) is asking for donation, $250/child for PTO, and $1500/child for the district foundation. That is likely coming from the PTO or PTA and not the school. When my son was in school the PTO had fund raisers that were used for things like new fancy electronic scoreboards on the footb...
by Watty
Thu Aug 27, 2015 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance suggestion needed from the Maths wizards :)
Replies: 14
Views: 849

Re: Refinance suggestion needed from the Maths wizards :)

wingz wrote:HHI 200k
......
End goal is to get rid of mortgage as soon as possible.


If HHI is house hold income then I would think you could pay off at least $50K a year and have it gone in three years which would make a refinance unnecessary.
by Watty
Thu Aug 27, 2015 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 34
Views: 2711

Re: Early retirement with a pension

Even then he may keep the shifts as they are so I'm planning on being stuck on this shift for the next 4 years. I have a 7 year old and a 9 year old children who both need to be driven to and from private school has made this even harder as most of the burden falls on my wife and in laws. A lot can...
by Watty
Thu Aug 27, 2015 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much for retirement?
Replies: 46
Views: 5278

Re: Am I saving too much for retirement?

I my biggest concern is buying a house or condo. I would like a roomier place to live than a one room apartment. I’ve always rented. I’m afraid buying a place will be a fair bit more expensive. I don’t think I can afford it and continue to invest as much as I have been. Property is somewhat expensi...
by Watty
Wed Aug 26, 2015 10:55 pm
Forum: Personal Consumer Issues
Topic: Time to upgrade my HVAC?
Replies: 20
Views: 1359

Re: Time to upgrade my HVAC?

...and not compatible with my furnace. That triggered my B.S. alarm. Replacing a 13 year old furnace at the same time would probably make sense but it sounded like you were being manipulated. There could be some issues with different brands like if your furnace is a Trane brand and the person givin...
by Watty
Wed Aug 26, 2015 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum vs Life Annuity Payment from Employer
Replies: 4
Views: 537

Re: Lump sum vs Life Annuity Payment from Employer

A few things to think about. 1)You might want to have a really good physical before you decide to get the most information possible about any health issues you might have. 2) If it is an annuity from an insurance company and not a pension that is guaranteed by PBGC then you also need to look at the ...
by Watty
Wed Aug 26, 2015 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Not pleased with promotion. What to do?
Replies: 15
Views: 2532

Re: Not pleased with promotion. What to do?

One thing to look at is how your old job got done when you were out of the office on vacations. That might give a clue about how to handle that work now, or if some of it does not really need to be done.
by Watty
Wed Aug 26, 2015 8:57 am
Forum: Personal Consumer Issues
Topic: Barcode generator
Replies: 7
Views: 547

Re: Barcode generator

You can also do this several different ways in Excel and you can do a Google search for that. An easier solution if you just need a sequential number would be to just order them online and let someone else print them and mail them to you. Here is a search for "preprinted barcode labels" on...
by Watty
Wed Aug 26, 2015 12:02 am
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much for retirement?
Replies: 46
Views: 5278

Re: Am I saving too much for retirement?

I make $55,000 That is pretty near the average household income in the US but a lot of people on here live in high cost of living areas or are earning high incomes so some of the prior negative comments could have been incorrect since they were comparing your situation to what their situation looks...
by Watty
Tue Aug 25, 2015 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents (no TLH question for a change of pace)
Replies: 6
Views: 692

Re: Helping Parents (no TLH question for a change of pace)

The ER's they would be paying would likely not be related to the share classes. If your Mom will retire in a few years the ER's may not matter much compare to the tax advantages since she could roll it out to an IRA then. Any loads would still be a big problem but those are extremely rare in retirem...
by Watty
Tue Aug 25, 2015 6:58 am
Forum: Personal Consumer Issues
Topic: Commuter Car Purchase after College
Replies: 24
Views: 1685

Re: Commuter Car Purchase after College

A few things; 1) Do you really need to do anything right now? If you waited until the end of the year to buy a car that would only be about 100 days of commuting so the extra gas costs may not be that much. It would be good to get settled in your new job and get used to what your budget will be when...
by Watty
Tue Aug 25, 2015 6:20 am
Forum: Investing - Help with Personal Investments
Topic: Question about Vanguard policy on use of money market fund as temporary holding place
Replies: 11
Views: 1002

Re: Question about Vanguard policy on use of money market fund as temporary holding place

mister_sparkle wrote: but I assumed it was because I was below the minimum balance requirement.


I would not make assumptions like that. It would be good to call them and ask them.
by Watty
Mon Aug 24, 2015 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help with parents retirement plan
Replies: 2
Views: 324

Re: Help with parents retirement plan

It would be good to know what there income needs are and if they will have a pensions and social security and how much of their income needs that would cover. Likewise do they own a house or have a mortgage? Since they are in a combined 20% tax bracket they may want to max out their 401K accounts. T...
by Watty
Mon Aug 24, 2015 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: my retired mother's predicament
Replies: 49
Views: 4114

Re: my retired mother's predicament

....she wants to sell now and hold onto the remaining money she has now, which is about 35K. With already being retired and only having $35K she will may be spending that in the next few years, if so that is too short a time to have that money invested in stocks. Putting it into something like CD's...
by Watty
Mon Aug 24, 2015 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: All I can afford is to max my roth: an investment plan
Replies: 25
Views: 1717

Re: All I can afford is to max my roth: an investment plan

Buying a house with a girlfriend is a disastrously bad decision. Add to that that people change their most throughout their 20s, not just in personality, but in where they want/need to live... baaaad idea! +1 There have been a lot of posters here that ran into big problems doing that. If you do buy...
by Watty
Mon Aug 24, 2015 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Helping Parents (no TLH question for a change of pace)
Replies: 6
Views: 692

Re: Helping Parents (no TLH question for a change of pace)

A quick look shows high front-end charges, 12-1b, and 1.0%+ ER's. Be sure that you are looking at their plan literature or the web site when they are signed on to in. The fees in plan may be much different than what you might find on the internet. My old company was switching 401K plans and we had ...
by Watty
Mon Aug 24, 2015 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Making an offer on a house where the owner has filed bankruptcy
Replies: 14
Views: 1270

Re: Making an offer on a house where the owner has filed bankruptcy

My gut feel is that the odds are stacked against you getting a good deal since making a backup offer on this house since the only way that you would get it would be if the person with the accepted offer backed out of the deal for some reason. I have bought a house without using a lawyer, which is co...
by Watty
Mon Aug 24, 2015 10:27 am
Forum: Personal Consumer Issues
Topic: Good Solo Vacation
Replies: 15
Views: 1868

Re: Good Solo Vacation

....and meet some single people? ..... in March of next year? I took my family to Ireland in May a while back when my son was 17. We mostly stayed at hostels and I expected that my son would be able to to meet some younger people in the hostels. What we found was that the vast majority of the peopl...
by Watty
Mon Aug 24, 2015 9:31 am
Forum: Personal Consumer Issues
Topic: Oversized HVAC?
Replies: 37
Views: 2383

Re: Oversized HVAC?

How does that compare to the size of your old system?
by Watty
Mon Aug 24, 2015 9:16 am
Forum: Personal Consumer Issues
Topic: Scoring a deal on a boat
Replies: 30
Views: 2213

Re: Scoring a deal on a boat

They say the two happiest days of your life are the day you buy a boat and the day you sell it. Cute line, never thought it had any merit. If you use your boat (safely and can afford it) you can have many great memories and experiences. People who do not use their boat or worry about the $100 chees...
by Watty
Mon Aug 24, 2015 9:05 am
Forum: Investing - Help with Personal Investments
Topic: 40 years with MegaCorp...Retiring Friday
Replies: 22
Views: 3309

Re: 40 years with MegaCorp...Retiring Friday

Congratulations :beer I retired a little over a month ago and it feels great. A few changes; 1) Now seven hours of sleep is a bad nights sleep instead of a good nights sleep. 2) I go for a long walk most days and much of the rest of the day I am moving about doing things instead of sitting at a desk...
by Watty
Sun Aug 23, 2015 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: investment for infant
Replies: 14
Views: 855

Re: investment for infant

Are you maxing out your Roth accounts? If not then you could put the money into a Roth account today then when the kid is in college you could withdraw your contributions(but not earnings) to help pay for their college. I don't think this would count against the financial aid calculations if that is...
by Watty
Sun Aug 23, 2015 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Not a market timer but......investing vs student loan payoff
Replies: 14
Views: 1001

Re: Not a market timer but......investing vs student loan payoff

Does this type of market timing make sense to the veteran Boglehead or still foolhardy? If you asked, "I have a chance to take out a 3% loan to invest the money in the stock market, should I do it?" Then you would expect a lot of "foolhardy", or at least "that is pretty ris...
by Watty
Sun Aug 23, 2015 3:07 pm
Forum: Personal Consumer Issues
Topic: Ways to reduce basement humidity
Replies: 20
Views: 1677

Re: Ways to reduce basement humidity

Your air conditioner will help dehumidify the air too. If you closed the air ducts or doors down there to save energy then that may be part of the problem. Having an air return down there will also help circulate the air would help keep the humidity lower. It would be good to get at least one inexpe...
by Watty
Sun Aug 23, 2015 2:54 pm
Forum: Investing - Theory, News & General
Topic: Getting out of your comfort zone
Replies: 21
Views: 2182

Re: Getting out of your comfort zone

There's a saying "the only time you are growing is when you are uncomfortable". From an investment perspective, what decisions have you made that's made you feel uncomfortable. Going from saving to spending. I retired a bit over a month ago a bit early in my late 50's. The job I had was m...
by Watty
Sat Aug 22, 2015 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans versus investing?
Replies: 6
Views: 621

Re: Pay off student loans versus investing?

I get $105 a month to put towards student loans and my retirement account. If possible then I would just add it to your savings account until you have a couple of thousand dollars saved up to give you more flexibility. If you have any money after that and if by retirement account you mean the Roth ...
by Watty
Sat Aug 22, 2015 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone with experience taking a voluntary (pre-retirement) break from employment?
Replies: 28
Views: 3254

Re: Anyone with experience taking a voluntary (pre-retirement) break from employment?

I have never done that but at one level this is little different than what people face restarting their career after being a stay at home parent for a while. This can be difficult but many people do it so you might search for advice for what helps stay at home parents when they reenter the workforce...
by Watty
Sat Aug 22, 2015 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Expat purchasing Rental Car Insurance / Umbrella Policy (?)
Replies: 4
Views: 398

Re: Expat purchasing Rental Car Insurance / Umbrella Policy (?)

I'm an expat and will be renting a car in the USA in a few weeks at JFK for a personal trip. I don't know about the insurance but car rentals at the airport typically have additional fees and taxes on the rental that a rental from the same company at location other than then airport do not have. As...
by Watty
Fri Aug 21, 2015 10:02 pm
Forum: Personal Consumer Issues
Topic: time for a new car?
Replies: 26
Views: 2169

Re: time for a new car?

What are the pros and cons of buying a new car probably another Accord this year? You can shop for the car and buy one if you can find a great deal, or decide to wait if you can't. I did not check but there might be some year end clearance deals now. If you wait until the car dies then you will nee...
by Watty
Fri Aug 21, 2015 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Got a great entry level full time offer (70K + 10K signing bonus), not sure if I should accept or decline
Replies: 35
Views: 3800

Re: Got a great entry level full time offer (70K + 10K signing bonus), not sure if I should accept or decline

Do you have some insight on non audit consulting roles, like management/strategy consulting? Thats also something I am interested within consulting. That was pretty much above my level but the ones I saw were sometimes people that the senior executives or people on the board of directors has worked...
by Watty
Fri Aug 21, 2015 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Got a great entry level full time offer (70K + 10K signing bonus), not sure if I should accept or decline
Replies: 35
Views: 3800

Re: Got a great entry level full time offer (70K + 10K signing bonus), not sure if I should accept or decline

.....and you basically sit in a cubicle for most of the day. Welcome to the corporate world. :beer I just retired out of IT and over the years I worked with a number of "entry level consultants" from consulting companies and typically what they were doing was all the grunt work of doing a...
by Watty
Fri Aug 21, 2015 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Prepping to sell home: Pay Mortgage or Pay Student Loans
Replies: 38
Views: 2261

Re: Prepping to sell home: Pay Mortgage or Pay Student Loans

Nice call on that PenFed ARM. I don't think I can't get the mortgage down to 80% for at least 12 months. One deadline for refinancing is that once your wife stops working then you might have a hard time qualifying for the mortgage on just your income. The other wildcards are that your local housing...
by Watty
Thu Aug 20, 2015 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Loan repayment vs. Investing
Replies: 6
Views: 722

Re: Loan repayment vs. Investing

There is a wiki on this question. http://www.bogleheads.org/wiki/Paying_down_loans_versus_investing One reason this is hard to answer is that your net worth basically increases the same if you pay down $10,000 in student loans or put the $10,000 into a taxable investing account. As previously mentio...
by Watty
Thu Aug 20, 2015 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Passed up for a promotion, now what?
Replies: 34
Views: 4265

Re: Passed up for a promotion, now what?

Lots of things could be going on with not getting the promotion and the raise but it is very odd that he has cut off communications with you. I have seen this happen to people when upper management seemed awkward around them and avoided contact. That was when the upper management knew that there wer...
by Watty
Thu Aug 20, 2015 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Another Edward Jones question
Replies: 11
Views: 1050

Re: Another Edward Jones question

I don't know what was going on with the callable bond but you normally do not need to sell the stocks or bonds to move the money to a different company. You can do a "transfer in kind" and they will just transfer the holdings in the account without selling them. Before you do this it would...
by Watty
Thu Aug 20, 2015 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing: Investing with friend
Replies: 56
Views: 2159

Re: New to investing: Investing with friend

AU1214 wrote: He has approached me about opening accounts with his investment firm.


In the top right corner of most screens is a search box to search the posts on this board.

It would be good to search for the name of his company to see what past clients had to say about them.
by Watty
Thu Aug 20, 2015 6:22 pm
Forum: Personal Consumer Issues
Topic: 2008 Honda Accord with only 10K miles. Any major service needed?
Replies: 47
Views: 3079

Re: 2008 Honda Accord with only 10K miles. Any major service needed?

A few more things; I would have the A/C refrigerant checked to see if it needs to be topped off. When you get the tires replaced it would be good to ask about getting replacement batteries for the air pressure sensors, or you might need new sensors. A few DIY things that I would do just because they...
by Watty
Thu Aug 20, 2015 5:39 pm
Forum: Investing - Theory, News & General
Topic: Pascal's Wager and prudent investment decisions
Replies: 29
Views: 3053

Re: Pascal's Wager and prudent investment decisions

When people ask about choosing between a Roth or a deductible IRA I sometimes point out the different consequences of making the incorrect selection. For example in the 25% tax bracket someone could contribute $100 to a deductible IRA or $75 to a Roth after paying $25 in taxes. Taken to extremes the...
by Watty
Thu Aug 20, 2015 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Why keep non-Roth 401ks post retirement?
Replies: 10
Views: 844

Re: Why keep non-Roth 401ks post retirement?

There is a wiki on this that might help. http://www.bogleheads.org/wiki/Traditional_versus_Roth It really depends on the taxes, but you also need to consider the tax issues for whoever will inherit it to since they may be in a much different tax bracket. The taxable withdraws can also be a factor in...
by Watty
Thu Aug 20, 2015 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Prepping to sell home: Pay Mortgage or Pay Student Loans
Replies: 38
Views: 2261

Re: Prepping to sell home: Pay Mortgage or Pay Student Loans

Current Home value (today, take a while to sell): $360K Expected Home value (optimistic, 4%-11% appreciation YoY): $375K-$400K The other house that you are looking at would likely also appreciate by the same percentage so there would be very little net improvement in your situation. I didn't take t...
by Watty
Wed Aug 19, 2015 11:29 pm
Forum: Investing - Theory, News & General
Topic: Is it safe to grant someone limited trading authorization?
Replies: 48
Views: 1993

Re: Is it safe to grant someone limited trading authorization?

He has just started his own publications company offering subscribed services for traders. If he was really as a great trader he would make a lot more money trading his own account then he could make selling subscriptions. In addition to all the other problems some people in positions have make a l...
by Watty
Wed Aug 19, 2015 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Several unusual circumstances [professional poker player]
Replies: 16
Views: 1673

Re: Several unusual circumstances

I think my annual expectation is very very approximately $500k with a standard deviation of about $1m. Two things; 1) "stuff" happens. My math is pretty rusty but isn't there something like a 15% chance that the results will be worse than one standard deviation. Even if you get down to 5%...
by Watty
Tue Aug 18, 2015 11:44 pm
Forum: Personal Consumer Issues
Topic: New Kitchen Appliances
Replies: 31
Views: 2363

Re: New Kitchen Appliances

Anything apart from maytag - we have had nothing but issues with the fridge and dishwasher. Apparently that old quality brand thing is well gone..... +1 (or maybe that should be a -1) on not getting Maytag. We have had problems with Maytag a stove, dishwasher, and washing machine that were all boug...
by Watty
Tue Aug 18, 2015 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving money in stocks
Replies: 18
Views: 2138

Re: Leaving money in stocks

If you knew that you wouldn't need the money would you leave a low 7 digit amount of money in stocks for the long haul? From reading a lot of posts it seems like a lot of folks here would want to keep a smaller amount in stocks. I'm talking leave it for 20 year plus. When I have to start taking it ...
by Watty
Tue Aug 18, 2015 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: My retirement number..is this realistic?
Replies: 18
Views: 2099

Re: My retirement number..is this realistic?

It was not clear if your numbers are in today's dollars or included inflation. To keep things simpler I do all my calcualtions in todays dollars, but I reduce my expected return to be after inflation. It will take a little bit of playing with to figure it out but you can put your numbers into Fireca...
by Watty
Tue Aug 18, 2015 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Refi to drop mortgage insurance?
Replies: 12
Views: 987

Re: Refi to drop mortgage insurance?

What was the original purchase price of the home? Your interest rate may be 3.25%, but your APR is considerably higher. MI is just another finance charge. On the original loan with a fixed rate loan the APR higher because of all the costs that were paid when the loan was originally made and they ar...

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