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Re: Time to stop driving for 85 yo MIL

I am curious: Are family members, law enforcement, etc., more willing to take the license away from a 85-year old woman or a 85-year old man? Victoria No distinction between the two. Driving ability, not gender, is the key factor. In my experience, there's no difference between genders when discuss...
by Watty
Sun Jan 25, 2015 11:54 am
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 70
Views: 2041

Re: Time to stop driving for 85 yo MIL

One thing that some people don't realize is that in some areas you can hire taxis by the hour for doing things like running errands or going to doctors appointments and the driver will wait for you then take you to your next destination. The hourly price may not be all that expensive during low dema...
by Watty
Sun Jan 25, 2015 11:37 am
 
Forum: Personal Consumer Issues
Topic: Time to stop driving for 85 yo MIL
Replies: 70
Views: 2041

Re: rebalancing after an inheritance

There could be some sort of special case but usually you would want to completely fill up your retirement accounts with bonds before buying bonds on your taxable account

http://www.bogleheads.org/wiki/Principl ... _placement
by Watty
Sun Jan 25, 2015 11:06 am
 
Forum: Investing - Help with Personal Investments
Topic: rebalancing after an inheritance
Replies: 7
Views: 619

Re: Rental Car Prices - is this the new normal ?

If that is airport price, check for off airport. Also one-way can sometimes be ridiculously inflated. +1 Often the airport prices include lots of special tax and fees that are not charged in other locations. To avoid these for longer rentals I have done things like taken a light rail for a ten minu...
by Watty
Sun Jan 25, 2015 10:57 am
 
Forum: Personal Consumer Issues
Topic: Rental Car Prices - is this the new normal ?
Replies: 49
Views: 2580

Re: Preparing for RMDs

I would think the AA in my roth would need to be adjusted so that the overall AA between both accounts remains as close as possible to the 50/50 AA. Yes you want to look at your overall asset allocation, if you have much in taxable accounts you would also want to have the most tax efficient asset c...
by Watty
Sun Jan 25, 2015 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Preparing for RMDs
Replies: 42
Views: 2454

Re: TIPs, what do they really add

Keep it simple... nominal treasuries = real rate + premium for bearing real rate term risk + inflation expectations + premium for bearing risk of unexpected inflation TIPS = real rate + premium for bearing real rate term risk + actual inflation If you want to hold the risk premium for unexpected in...
by Watty
Sun Jan 25, 2015 12:23 am
 
Forum: Investing - Theory, News & General
Topic: TIPs, what do they really add
Replies: 33
Views: 2666

Re: Time for me to buy a condo?

If you find a condo you like you can very likely either buy or rent one in the same building so which is best financially really depends on the numbers in your situation. See these links for more information. http://www.bogleheads.org/wiki/Owning_vs_renting http://www.nytimes.com/interactive/2014/up...
by Watty
Sat Jan 24, 2015 11:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Time for me to buy a condo?
Replies: 15
Views: 1041

Re: Investing Options for Mom

Her $105k retirement account CD matures in June, and I wanted to look into other options for her. It sounds like she has that CD and the house for a net worth of around $200K. If that is correct then the $105K is her emergency money so I think a ladder of CD's would be about the best choice since s...
by Watty
Sat Jan 24, 2015 11:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Options for Mom
Replies: 2
Views: 273

Re: Preparing for RMDs

Pension will cover my expenses and allow me to save 1000-1500 a month. This sounds like more of an estate planning issue than anything else. If you live a long time then, at least under current tax laws, there is an upside for your estate if you have to take an unneeded RMD. That is that the RMD mo...
by Watty
Sat Jan 24, 2015 10:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Preparing for RMDs
Replies: 42
Views: 2454

Re: 4% Withdrawal Rate Question

What are people's opinions on treating your annual social security income as part of your bond allocation? I've heard Bogle say that in one his interviews. They way that I treat it is that it reduces my needed income and then I use the remaining income need to see if my investments will be able to ...
by Watty
Sat Jan 24, 2015 9:34 pm
 
Forum: Investing - Theory, News & General
Topic: 4% Withdrawal Rate Question
Replies: 16
Views: 1929

Re: Reorganizing Portfolio question

Ya basically I went from being a resident physician to attending physician 3 years ago. I spent the last few years literally dumping all of my money (perhaps too aggressively) into paying off debt. I'm not in the medical field so I don't follow it but a regular poster here runs the white coat inves...
by Watty
Sat Jan 24, 2015 6:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reorganizing Portfolio question
Replies: 8
Views: 767

Re: Which mortgage to pick?

It depends on how long you you have the mortgage.

If you will be there for the full 30 years, and never refinance then the one with with the lowest APR and highest fees would be best.
by Watty
Sat Jan 24, 2015 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Which mortgage to pick?
Replies: 5
Views: 577

Re: Reorganizing Portfolio question

2. How do I distribute the funds? As i mentioned earlier the majority of my money is in a tax deferred account but that will change pretty rapidly over the next couple years. I understand that certain things are better off in certain accounts. Should I just set up the entire portfolio in the the ta...
by Watty
Sat Jan 24, 2015 11:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Reorganizing Portfolio question
Replies: 8
Views: 767

Re: Reorganizing Portfolio question

one of the "perks" of my job was access to a financial advisor. I had a lot of scattered accounts so she was pretty good at consolidating things. However, when I tried to do my own research on the funds she was investing in a few months ago a started getting confused at the complexity. I ...
by Watty
Sat Jan 24, 2015 11:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Reorganizing Portfolio question
Replies: 8
Views: 767

Re: Newbie nearing retirement

Like my original post stated, I'm tempted to toss the while portfolio into a Target Retirement fund and call it a day. That would be a very reasonable choice especially since it does not appear that you have any need to take additional risk now. It would also be a lot safer to manage as you age or ...
by Watty
Sat Jan 24, 2015 10:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie nearing retirement
Replies: 5
Views: 1059

Re: How to climb up in a megacorp

It would also be good to work to have very good relations with any customers or suppliers that you deal with since an opportunity might open up with them or they might have other contacts in the industry. Having a key customer ask upper management for you to be on a project would not hurt your caree...
by Watty
Fri Jan 23, 2015 11:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to climb up in a megacorp
Replies: 28
Views: 3296

Re: 4% Withdrawal Rate Question

The 4% figure in the studies was for a specific asset allocation. If you change the asset allocation the safe withdraw rate that is calculated from the historical data will change the SWR percentage, see the details in the tables here; http://www.bogleheads.org/wiki/Safe_withdrawal_rates Typically t...
by Watty
Fri Jan 23, 2015 11:11 pm
 
Forum: Investing - Theory, News & General
Topic: 4% Withdrawal Rate Question
Replies: 16
Views: 1929

Re: Yearly Expenses - How am I doing?

One thing to add to your list is how much your car depreciated over the last year. If you buy a $20,000 car and sell it eight years later for $4,000 it cost you $2,000 a year on average for the depreciation. It would also be good to double check your paycheck to make sure you got all the payroll ded...
by Watty
Fri Jan 23, 2015 10:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Yearly Expenses - How am I doing?
Replies: 21
Views: 2241

Re: Foreclosed-Law Firm pursuing amount of second lo

I am not a lawyer but you need to be very careful with dealing with them or you could accidentally allow them to to extend the amount of time that they can legally collect the debt. http://www.nolo.com/legal-encyclopedia/time-barred-debts-when-collectors-29805.html It very well could be that their g...
by Watty
Fri Jan 23, 2015 10:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Foreclosed-Law Firm pursuing amount of second lo
Replies: 31
Views: 2200

Re: Getting close to retirement

IMHO I would suggest to take the 8 % garantueed increase a year in Social security and wait to take social security at 70 1/2 if you think you will survive to your early 80's . Use your nest egg to make it to 70 without social security payments and change you IRA in Roth while you can till 70. +1 B...
by Watty
Fri Jan 23, 2015 9:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Getting close to retirement
Replies: 4
Views: 841

Re: Would maxing a Roth and 401k each year be enough?

tainted-meat wrote:If you can't retire on that then everyone in America is in big trouble. Most retire on way less than that.


+1

Especially if you have a paid off house by then and are done with child raising and college costs.
by Watty
Fri Jan 23, 2015 9:10 pm
 
Forum: Investing - Theory, News & General
Topic: Would maxing a Roth and 401k each year be enough?
Replies: 17
Views: 2695

Re: How do you recommend investing 1.5 million?

Be sure to know the capital gains tax situation before you sell your old holdings. It can sometimes be better to keep something that is less than ideal than to pay the taxes to to sell it.
by Watty
Fri Jan 23, 2015 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: How do you recommend investing 1.5 million?
Replies: 9
Views: 1562

Re: Young Couple Need Advice

I usually drive the lady's vehicle..... The way you phrased that was a bit odd. If you are not married yet then it is asking for trouble to start merging your financial plans. That has gotten a lot of people into trouble. I am not in the medical field so I don't follow it but the White Coat Investo...
by Watty
Thu Jan 22, 2015 11:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Young Couple Need Advice
Replies: 21
Views: 2087

Re: Newbie nearing retirement

We have our investment accounts allocated as follows, and as I get paid this is how I invest every 2 weeks: 25% in S&P 500, 25% in Mid-Cap, 25% in Small Cap, 5% in REIT, and 20% in Total International Stock. I rebalance every January. Being 100% in stocks at your age is very risky. You might tr...
by Watty
Thu Jan 22, 2015 10:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie nearing retirement
Replies: 5
Views: 1059

Re: Thinking about selling my house...

By keeping the custom house smaller than what you see in the brochures would there be anyway of staying close to this budget? There are so many costs for things like preparing the lot, utilities, etc that don't depend on the house size that cutting the square footage of the house by 25% will not sa...
by Watty
Thu Jan 22, 2015 4:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thinking about selling my house...
Replies: 11
Views: 990

Re: Estimate lump sum from monthly pension

Try getting a quote for a single premium immediate annunity at immediateannunities.com to see how it compares. Be very careful about checking to make sure that the details are the same.
by Watty
Thu Jan 22, 2015 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Estimate lump sum from monthly pension
Replies: 4
Views: 314

Re: Receiving inheritance [incl. properties,] working on a p

We plan to remodel these 2 homes to meet our needs instead of buying a bigger home and renting these out, but that plan could change if I come across the right property for a price that I am willing to pay. It would help to have some idea of how much the houses are worth and how expensive the remod...
by Watty
Thu Jan 22, 2015 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Receiving inheritance [incl. properties,] working on a plan
Replies: 4
Views: 642

Re: Inherited IRA rules

I would just to it all at once, after this years RMD is done by contacting the new company and letting them walk you through the process. Check it out very careful to make sure that it is done right. The fewer times the money is moved the less chance of there being a problem so your other questions ...
by Watty
Thu Jan 22, 2015 4:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA rules
Replies: 4
Views: 429

Re: Ask plumber to pay for damages?

That sound like it is enough damage to be worth making an insurance claim. If so it would likely be the insurance companies decision if they should try to have plumber pay for the damages.
by Watty
Thu Jan 22, 2015 4:13 pm
 
Forum: Personal Consumer Issues
Topic: Ask plumber to pay for damages?
Replies: 11
Views: 1556

Re: When is cash still king?

Any other good times when it might be 'better' to pay/shop/etc with cash? When I am traveling, especially overseas, I usually pay cash for everything except the big expenses. That way there is much less chance of my credit card being compromised and having to deal with that while I am on the road.
by Watty
Wed Jan 21, 2015 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: When is cash still king?
Replies: 26
Views: 2750

Re: Malware problem on new PC

You PC may have a restore image in a different partition of the hard disk. If so one option would be to just restore it instead of trying to clean it up.
by Watty
Wed Jan 21, 2015 10:22 pm
 
Forum: Personal Consumer Issues
Topic: Malware problem on new PC
Replies: 42
Views: 2567

Re: Checklist for buying a new car

Depending on the brand there may be several security numbers in the paperwork you get for the locks and stereo. Be sure to not lose those since you will need them to activate new keys or reset the stereo after the battery is disconnected. If you do not have these security codes when you need them it...
by Watty
Wed Jan 21, 2015 10:19 pm
 
Forum: Personal Consumer Issues
Topic: Checklist for buying a new car
Replies: 21
Views: 1771

Re: Ethics of an advisor "handing you off" to a colleague

One problem with using a financial advisor is that that even if you find one that your are completely happy with that person will eventually leave the company, retire, or die. At that point you your account you would have to either select a new one or have one assigned. If you are older then or a le...
by Watty
Wed Jan 21, 2015 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ethics of an advisor "handing you off" to a colleague
Replies: 38
Views: 2886

Re: What would you do in this scenario?

sgl wrote:2. Pay car loan and heloc and fund Roth IRA's for 2015


Save the monthly payments you would have been making, and start saving up to pay cash for your next car.
by Watty
Wed Jan 21, 2015 7:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: What would you do in this scenario?
Replies: 11
Views: 937

Re: 7 nights- Scotland or Ireland?

I would look at what sort of flight connections you can get to see if one destination is a lot better. I suspect that if you are in a major east cost city you can get direct flights to either Dublin or Shannon, in Ireland, but to get to Scotland you would have to connect somewhere. Then you add up t...
by Watty
Wed Jan 21, 2015 6:28 pm
 
Forum: Personal Consumer Issues
Topic: 7 nights- Scotland or Ireland?
Replies: 31
Views: 1983

Re: Starting out with an IRA

Thanks everyone for the replies. Any other suggestions? Looks like Vanguard is the way to go When you are just starting out(and no longer an official student) you might be able to qualify for the retirement savings credit so it would be good to read up on how that works. http://www.irs.gov/uac/Get-...
by Watty
Wed Jan 21, 2015 6:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Starting out with an IRA
Replies: 13
Views: 978

Re: Term Life Insurance when single

I've always heard that if you are going to buy life insurance, it's better to get term vs. whole life insurance. But does it ever make sense to buy term life insurance if you are single with no dependents? "ever" covers a lot. Some people I know are having to financially help out their pa...
by Watty
Tue Jan 20, 2015 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance when single
Replies: 15
Views: 906

Re: The "Less Than" a Million $ Club

It just doesnt take that much to live if you have the house paid off. Food and utilities and a little fun are pretty cheap. Real estate taxes are not! :annoyed It depends on where you live. I live in one of the few counties in Georgia where people over 62 are exempt from school property taxes. When...
by Watty
Tue Jan 20, 2015 8:26 pm
 
Forum: Personal Consumer Issues
Topic: The "Less Than" a Million $ Club
Replies: 71
Views: 9893

Re: Why are fruits not cheaper in California?

I was in the Bay Area ( (Dublin)last week and I was shocked about the food prices especially milk and eggs. Banana: 89 cents a pound and 29 cents in Dallas Apple: $2.99 a pound and not even Fuji and $1.39 in Dallas. Almost everything is double. I thought fruits are cheaper in CA? It could have some...
by Watty
Tue Jan 20, 2015 8:05 pm
 
Forum: Personal Consumer Issues
Topic: Why are fruits not cheaper in California?
Replies: 28
Views: 1662

Re: Upgrade to New Home or Stay In Current House?

The big question is how much income you will need in retirement and that is not mentioned in your post.

With ten years until retirement taking out a new 15 year mortgage is a red flag to me. You should look at a ten year mortgage or paying cash.
by Watty
Mon Jan 19, 2015 11:33 pm
 
Forum: Personal Consumer Issues
Topic: Upgrade to New Home or Stay In Current House?
Replies: 14
Views: 1405

Re: Will I be able to retire at 55?

You might try running your numbers in Firecalc or cfiresim to see how they are likely to work out. We are treating Foreign RE as our retirement money. In fact, that 500K should be enough for our retirement, if we chose to move back to home country where we own it. I would think that there is a good ...
by Watty
Mon Jan 19, 2015 10:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Will I be able to retire at 55?
Replies: 13
Views: 2267

Re: Feedback please: Lump Sum vs Pension

One thing that you might mention is that (at least as I understand it) some pension plans will allow you to split it and take half the lump sum and half the pension. (or some other percentage) I do not know how common this is. I vaguely remember one poster that found out that the HR department could...
by Watty
Mon Jan 19, 2015 10:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Feedback please: Lump Sum vs Pension
Replies: 8
Views: 747

Re: What do you think about this retirement plan?

You might want to use one of the deductible retirement accounts to contribute enough in the 25% tax bracket to get back down into the 15% tax bracket then use the Roth for any retirement account contributions in the 15% tax bracket. Here is link to info on the limits for making deductible IRA contri...
by Watty
Mon Jan 19, 2015 8:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: What do you think about this retirement plan?
Replies: 15
Views: 1746

Re: The "Less Than" a Million $ Club

I'd like to hear stories like mine of retirees successfully living their lives without reaching the magic number of $1 million. I'm not retired yet but I hope to be before too long. In looking at the numbers one of the interesting things that I have found is that I will be near the zero percent fed...
by Watty
Mon Jan 19, 2015 8:13 pm
 
Forum: Personal Consumer Issues
Topic: The "Less Than" a Million $ Club
Replies: 71
Views: 9893

Re: Can we afford to buy a house?

I am pretty sure that I will still be able to make contributions to the TSP. However, I will double check to make certain. That leaves liquidating assets in the taxable account. Is it supposed to feel painful when I liquidate assets in a taxable account? Because it sure feels that way. Gross Income...
by Watty
Mon Jan 19, 2015 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford to buy a house?
Replies: 28
Views: 2395

Re: Securing my Laptop Prior to Repair

Your data is not secure if it's in someone else's hands, unless it's encrypted (well). +1 Other than the cost how concerned would you be if the PC was lost or stolen? You could also have a problem where the PC would not boot and you would have to take it into the shop without a chance to secure any...
by Watty
Sun Jan 18, 2015 10:49 pm
 
Forum: Personal Consumer Issues
Topic: Securing my Laptop Prior to Repair
Replies: 15
Views: 1088

Re: Fire Wife's Advisor and Incur Tax Hit or Stay The Course

One other thing. If you user ID is based on your real name you can send a message to a moderator to ask them to change it to something more anonymous.
by Watty
Sun Jan 18, 2015 8:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fire Wife's Advisor and Incur Tax Hit or Stay The Course?
Replies: 19
Views: 1879

Re: Fire Wife's Advisor and Incur Tax Hit or Stay The Course

I agree that you need to find out what the exact numbers are and to figure out just how long it would take to come out ahead. One thing to remember is that by keeping the funds there you are not avoiding taking the capital gains, just delaying it. For example if you sell something now, pay the capit...
by Watty
Sun Jan 18, 2015 8:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Fire Wife's Advisor and Incur Tax Hit or Stay The Course?
Replies: 19
Views: 1879

Re: Should I use zero interest CC checks for emergency cash?

So, I was about to write myself a check for $12K, but for some reason I'm hesitant to pull the trigger... so, before I write myself the check, I just thought I'd ask if taking advantage of this 0% interest offer is wise, or should I be looking at other options? Why $12K? You don't need a full years...
by Watty
Sun Jan 18, 2015 5:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I use zero interest CC checks for emergency cash?
Replies: 11
Views: 1236

Re: Preparing for baby and one income

Within reason be careful of trying to over analyse how things will work. You will fret a about things that end up not being important and there will be unexpected twists and turns that you could not plan on. Every kid and family is different and it is best to be flexible and find out what works for ...
by Watty
Sun Jan 18, 2015 5:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Preparing for baby and one income
Replies: 41
Views: 2332
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