Search found 5630 matches

Return to advanced search

Re: Father's Million Dollar Portfolio Suggestions

One of the Vanguard life strategy funds would be a lot simpler since he would not need to worry about rebalancing each year which could be harder to do in ten or twenty years. https://investor.vanguard.com/mutual-funds/lifestrategy/#/?WT.srch=1 There is no reason that he could not use one of the Tar...
by Watty
Mon Apr 27, 2015 9:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Father's Million Dollar Portfolio Suggestions
Replies: 9
Views: 664

Re: Displeased with Fidelity Cash / BNY Mellon- debit card t

There is no good reason to use a debit card because you can face problems like this. I have had banks try to give me a debit card instead of an ATM card but I have refused only to have them say that they don't issue ATM cards anymore. At that point I tell them that I will be closing my account becau...
by Watty
Mon Apr 27, 2015 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Displeased with Fidelity Cash / BNY Mellon- debit card theft
Replies: 10
Views: 795

Re: where to put my money?

The individual stocks that you have a Well Fargo now would likely generate capital gains taxes if you sold them to move them to mutual funds. If they are a reasonable set of stocks then you might just want to keep them but sell them first as you need money. One thing to keep in mind is that you or a...
by Watty
Mon Apr 27, 2015 8:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: where to put my money?
Replies: 8
Views: 349

Re: Early Retirement with 401(k)'s and IRA's

If we truly retire at 49 then wouldn't we be taking big hits on the principal of our taxable accounts as we wait for 59.5? The prior posts were good and covered a lot of what you should be looking at. One thing to remember about selling things from your taxable accounts that have capital gains, and...
by Watty
Mon Apr 27, 2015 8:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Early Retirement with 401(k)'s and IRA's
Replies: 8
Views: 647

Re: Mother to move closer to family but farther from friends

She is 65 with no mobility or driving issues and would be moving about 2.25 hours away from her friends. If there is a bus or train between the cities that would help, I had an Aunt who was still making bus trips into her 80's If it is within her budget getting a place that has an extra bedroom mig...
by Watty
Mon Apr 27, 2015 8:04 pm
 
Forum: Personal Consumer Issues
Topic: Mother to move closer to family but farther from friends?
Replies: 13
Views: 1167

Re: Been invited to wedding in Disney World. My cost?

Some people that plan destination weddings really don't want a lot of guests to actually go to it since they have to pay a set amount per person for things like the wedding ceremony, reception, and a few meals. In effect they are just getting married on their honeymoon and they will likely not feel ...
by Watty
Sun Apr 26, 2015 8:50 pm
 
Forum: Personal Consumer Issues
Topic: Been invited to wedding in Disney World. My cost?
Replies: 53
Views: 4303

Re: Can we afford, and how to finance

heerekj1 wrote:I don't plan on selling my current home. I don't think I could take the heat of a Florida summer.


If you have not lived there it would be a good idea to rent a place there for a year before buying a place there.
by Watty
Sun Apr 26, 2015 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can we afford, and how to finance
Replies: 11
Views: 1386

Re: Buying condo in commercial building

Be sure to look at how the condo association works with the two types of owners. The association rules could have been written up by the commercial owners to greatly favor the commercial owners.
by Watty
Sun Apr 26, 2015 7:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying condo in commercial building
Replies: 10
Views: 763

Re: Input requested on unwinding accounts my parents opened

On the savings bonds it would be good to do some more research because;

1) If your parents thought they lost them, they might have already have gone through the process to replace or cash a lost bond.

2) There could be other lost savings bonds that are not in that stack.
by Watty
Sat Apr 25, 2015 10:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help with VAL policy, UTMA accounts, and EE/E Savings Bonds
Replies: 10
Views: 800

Re: Help me retire in 10 years

3. I feel like I'm missing some key details that would prevent me from reaching my goal, but I don't know what it is. It would be good to sit down an write out just what your goals are. I know that you want to become financially independent by the time you are 34 but your true goal would be what yo...
by Watty
Sat Apr 25, 2015 9:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me retire in 10 years
Replies: 27
Views: 3664

Re: does anyone have an hour commute (each way?)

I am about to take a position that is much better compensated, but commute increases a lot. What are the pros and cons of this? I can't move closer since my wife commutes in the other direction. Mine is not very far but with the notorious Atlanta traffic it is about 45 each way now which is worse t...
by Watty
Sat Apr 25, 2015 7:47 pm
 
Forum: Personal Consumer Issues
Topic: [new position, facing an] hour commute (each way)
Replies: 49
Views: 2404

Re: New Mortgage or just pay extra

b) I am hot and determined to pay off the mortgage as soon as possible. Using a home equity loan to pay off the mortgage quickly is an option that might have much lower loan origination costs and if you can get it paid off within five years or less that could save you a lot of money. A local credit...
by Watty
Sat Apr 25, 2015 7:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Mortgage or just pay extra
Replies: 4
Views: 463

Re: Your experiences of high inflation periods

I graduated college at about the time the inflation rate was peaking in the US. Here a few random recollections from back then. One friend in college had an apartment that looked like something out of Animal House. One day the deposit on soda and beer bottles went from five cents to a dime so he mad...
by Watty
Sat Apr 25, 2015 6:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your experiences of high inflation periods
Replies: 60
Views: 2767

Re: Is the 1% Cost of Managing Money Worth It?

A hundred thousand dollars invested at 8% for 30 years grows to be just over a million dollars. At 7% it only grows to be $761K. In retirement a safe withdrawal rate often starts out at 4% of your investments so paying and advisor 1% is a quarter of the spendable money from your portfolio. All to of...
by Watty
Sat Apr 25, 2015 2:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the 1% Cost of Managing Money Worth It?
Replies: 53
Views: 4210

Re: Someone please explain why ibonds are so great?

They aren't great now at all. But under high interest conditions and/or high inflation conditions, they are better than TIPS or CDs. If you bought one back when they first came out in 1998, you would be ahead of the S&P 500 with no heartburn from the market roller coaster. The fixed rate was ar...
by Watty
Sat Apr 25, 2015 10:22 am
 
Forum: Investing - Theory, News & General
Topic: Someone please explain why ibonds are so great?
Replies: 16
Views: 2417

Re: Newbie...What did I invest in???

3. Any easy way to break ties with a friend that's doing financial advising? You mentioned a wife. One of the advantages of being married is that when you don't want to do something you can blame stuff on your spouse and there is no good way for someone to try to talk you out of it. Just tell the &...
by Watty
Sat Apr 25, 2015 9:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie...What did I invest in???
Replies: 11
Views: 1192

Re: Inherited IRA Options

They will be soon be visiting a financial advisor to discuss the options, but I like the idea of asking this forum for an opinion that does not have a possible agenda behind the opinion. Be very careful with this. There are posts on the board all the time about how badly people get taken by "a...
by Watty
Fri Apr 24, 2015 6:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA Options
Replies: 15
Views: 537

Re: Approach to Second Act Career Switch

The most practical thing is simply to suck it up for the next 12 years (11 years and 10 months...), and then ride off into the sunset with millions in tax-deferred accounts and a reasonable pension. (Spouse will also have a public sector db pension, which will approximately equal mine, though my sa...
by Watty
Fri Apr 24, 2015 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Approach to Second Act Career Switch
Replies: 20
Views: 1808

Re: AA when you don't know what age you'll retire?

An alternate way of looking at this is as if you have two separate portfolios; 1) The funds that you will use when you are 65 and older. This would be the same if you retire then or earlier. 2) The funds that you will use from the time you retire early until you turn 65. Once you figure out what ass...
by Watty
Fri Apr 24, 2015 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA when you don't know what age you'll retire?
Replies: 19
Views: 1322

Re: Car Dealership Credit Report

In defense of the car dealers taking a five figure personal check from someone that just walked on your car lot does expose them to a lot of risk so I can understand why they would want to check out someone that was buying a car. This is especially true since the buyer likely wants to leave with the...
by Watty
Fri Apr 24, 2015 10:25 am
 
Forum: Personal Consumer Issues
Topic: Car Dealership Credit Report
Replies: 34
Views: 2263

Re: what should MIL do with "windfall"?

That is hard to know, this wiki might help;

http://www.bogleheads.org/wiki/Paying_d ... _investing
by Watty
Thu Apr 23, 2015 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: what should MIL do with "windfall"?
Replies: 12
Views: 1282

Re: How should anticipated inheritance affect asset allocati

Two situations I know of; 1) In high school I worked a couple of summers in a nursing home where one room was shared but a mother and daughter, the mother was well into her 90's and in a lot of ways was actually doing better than her daughter. You might not inherit it for a long time. 2) The husband...
by Watty
Thu Apr 23, 2015 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: How should anticipated inheritance affect asset allocation?
Replies: 17
Views: 1217

Re: Is this a reasonable request for broker?

There might also be a concern on the brokers part about liability if he misses something that causes problems later.

Most likely if they were going to do that then it would be passed off to some clerical person so the time it takes should not be a big concern for a large account.
by Watty
Thu Apr 23, 2015 3:42 pm
 
Forum: Personal Consumer Issues
Topic: Is this a reasonable request for broker?
Replies: 13
Views: 1119

Re: Leave an IRA through a Trust?

What am I missing? It would be best to check with lawyer that set up the trust to make sure that it is done right. I have heard of a situation where it took a lot of a lawyers time ($$$) to get a situation like that straightened out, with the possibility that all the money could have had to come ou...
by Watty
Thu Apr 23, 2015 3:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Leave an IRA through a Trust?
Replies: 17
Views: 1348

Re: Retirees: What is your SWR in retirement?

This informal poll is to see if the suggested rule of 3% annual withdrawal rate in retirement being tossed about is too aggressive. That may be way too conservative. The SWR is typically based on a 30 year retirement so if your investments just kept up with inflation you could spend 1/30 (3.33%) of...
by Watty
Wed Apr 22, 2015 8:53 pm
 
Forum: Investing - Theory, News & General
Topic: Retirees: What is your SWR in retirement?
Replies: 45
Views: 3957

Re: Wife would like employment advice from the Bogleheads

She could also keep occasionally interviewing until a job she gets excited about turns up. The odds of her finding the best possible job on the first real nursing interview she has had is very low. If she interviewed at half a dozen places then it is very likely that she would find something even be...
by Watty
Wed Apr 22, 2015 8:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife would like employment advice from the Bogleheads
Replies: 31
Views: 2977

Re: Will I regret selling this house?

So take best offer now or wait another year, hoping the market goes up? House is currently empty and has been bc of the remodel and listing of house. Could get a renter in there fairly quickly. Any advice much appreciated!!! Would you buy it today as an investment? :oops: If you rent it again then ...
by Watty
Wed Apr 22, 2015 7:38 pm
 
Forum: Personal Consumer Issues
Topic: Will I regret selling this house?
Replies: 17
Views: 1923

Re: What rate of return do you use when planning for retirem

It is a bit "brute force" but to see the historical number I use Firecalc. When I enter $1,000 with zero withdraws for 20 years the result with their default portfolio is; FIRECalc looked at the 125 possible 20 year periods in the available data, starting with a portfolio of $1,000 and spe...
by Watty
Wed Apr 22, 2015 6:39 pm
 
Forum: Investing - Theory, News & General
Topic: What rate of return do you use when planning for retirement?
Replies: 59
Views: 4507

Re: How much do you pay in Property Taxes?

About $645 a year in Suburban Atlanta for a pretty average house. About 0.3% The property taxes vary greatly by county here and I am in one of the few counties in the state that exempts people over 62 from paying school property taxes. Before we qualified we were paying about $1,800 a year. The coun...
by Watty
Wed Apr 22, 2015 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 184
Views: 9357

Re: Refinance: 5/5 ARM or 30-year fixed?

I would assume that there will be financing costs so the actual savings will be less with any of the loans. You are likely deducting your mortgage interest so your actual after tax savings will be less too. Depending on the details, your after tax breakeven point with the ARM may not be for a few ye...
by Watty
Wed Apr 22, 2015 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refinance: 5/5 ARM or 30-year fixed?
Replies: 5
Views: 409

Re: How to allocate inheritance proceeds?

If you have unneeded RMD's then you can make offsetting contributions to a deductible retirement account and they will pretty much net out to zero on your federal taxes. For example if you have a 401K that you would not normally max out then you could increase your 401K payroll deductions by $1,000 ...
by Watty
Wed Apr 22, 2015 11:07 am
 
Forum: Investing - Help with Personal Investments
Topic: How to allocate inheritance proceeds?
Replies: 16
Views: 1245

Re: Help direct contributions between Roth and Traditional I

Tax bracket: 25% Salary: Me $132,000, Wife $0 ... Assume that, from this point on, I will be maxing out my 401k at $18,000 per year, and I will also be maxing out our IRAs at $5500 each per year.... My question is this: in my particular situation, would you continue to contribute all to Roth, or wo...
by Watty
Tue Apr 21, 2015 10:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help direct contributions between Roth and Traditional IRAs
Replies: 7
Views: 318

Re: pay off mortgage or renovate home?

Keeping the house as a rental for more than a few years would likely cause her to lose the homeowners capital gains tax exclusion so that often is not a good choice except in special situations. There are lots of pros and cons but when she is older getting a reverse mortgage on the house would also ...
by Watty
Tue Apr 21, 2015 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: pay off mortgage or renovate home?
Replies: 14
Views: 1030

Re: Have a saved enough to retire?

+1 on paying off the mortgage. My expenses are about $ 32,000 a year You will also eventually need to replace the car and you will have major home expenses so be sure to budget for that. Just remember that to have that much after taxes you would likely need to have something like $45K+ in income. Th...
by Watty
Tue Apr 21, 2015 8:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have a saved enough to retire?
Replies: 18
Views: 1939

Re: pay off mortgage or renovate home?

Seems like a very high mortgage to carry on her expected retirement income plus assuming a certain portion of the 1.3 portfolio. I would look at what multiple of income that was. I think the reno would be sort of tight. +1 With a 4% safe withdrawal rate with a $1.3 million dollar portfolio she is l...
by Watty
Tue Apr 21, 2015 7:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: pay off mortgage or renovate home?
Replies: 14
Views: 1030

Re: Cast Iron Skillet Cooking

What tips to people have when starting out with cast iron? temps, types of spatulas? Here is a good easy recipe for chicken breasts that you can get started with. http://www.101cookingfortwo.com/30-minute-skinless-boneless-chicken/ The factory seasoning is just to get you started, after it has been...
by Watty
Mon Apr 20, 2015 6:33 pm
 
Forum: Personal Consumer Issues
Topic: Cast Iron Skillet Cooking
Replies: 127
Views: 17142

Re: Neighbor is hoarder, piling garbage outside, collecting

My county also had ordinances about cars needing to be parked on pavement, working condition, and having a current license plate if they are viable from the street. As I recall there is also a limit of four cars, or the number of adults that live in the house. This will likely take a while to get cl...
by Watty
Mon Apr 20, 2015 5:29 pm
 
Forum: Personal Consumer Issues
Topic: Neighbor is hoarder, piling garbage outside, collecting vans
Replies: 32
Views: 4714

Re: How to allocate inheritance proceeds?

Be sure to see the wiki on windfalls. http://www.bogleheads.org/wiki/Managing_a_windfall 30K - IRA which was converted into a beneficiary IRA. I was told by the institution who had handled the account (UBS), that I had to convert and keep the assets with UBS or else I would be subject to taxation if...
by Watty
Mon Apr 20, 2015 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to allocate inheritance proceeds?
Replies: 16
Views: 1245

Re: Preparing for the Minimum Required Distribution

PS. I have not been married since 1984, do not plan on marrying again, and have no children. IIRC: If you were married for 10 years you are also entitled to SS on your ex's earning record. If you want to look at changing your SS options this should be in the mix, Probably best to start a new thread...
by Watty
Mon Apr 20, 2015 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Preparing for the Minimum Required Distribution
Replies: 41
Views: 3008

Re: “Entry level” luxury cars under 40k

I am reluctantly conceding that we will have to get a car loan to buy a car that my husband can stand driving. Don't. +1 A car loan for a Luxury car is an oxymoron. If you have the money and budget to buy a luxury car that is your choice on what you do with your money but taking out a loan for a lu...
by Watty
Sun Apr 19, 2015 5:03 pm
 
Forum: Personal Consumer Issues
Topic: “Entry level” luxury cars under 40k
Replies: 96
Views: 8439

Re: Preparing for the Minimum Required Distribution

Be sure to look at the actual RMD numbers, they only start out at about 3.5% and don't really get high until you are almost 90. If your pension is not inflation adjusted then it is possible that the RMD will more or less make up for the loss in purchasing power of the pension. As you get older you m...
by Watty
Sun Apr 19, 2015 4:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Preparing for the Minimum Required Distribution
Replies: 41
Views: 3008

Re: Work adjustment options

For the TL;DR summary, current expenses are about $29k per year not including income tax. My job provides a pension without COLA or health-care coverage, which if taken in early 2016 would be about $39k per year. And you will eventually get Social Security too. You didn't mention it but I would als...
by Watty
Sun Apr 19, 2015 2:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Work adjustment options
Replies: 19
Views: 1410

Re: long term capital gain tax vs. roth conversions

Celia wrote: A slightly different option for you to consider is to take withdrawals from your tIRA now. You would pay the same taxes as if they were converted, but you could use the money to live on and let more of your taxables grow. This is similar to a conversion followed by a Roth withdrawal, b...
by Watty
Sun Apr 19, 2015 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: long term capital gain tax vs. roth conversions
Replies: 41
Views: 2345

Re: Payoff Mortgage or Fund Taxable Account

What am I missing? If you invest the money in something conservative then after taxes it would just about break even with the mortgage costs. You could invest the money for a year or two then decide what to do when the situation may be clearer and that would cost you very little. The tax advantage ...
by Watty
Sat Apr 18, 2015 9:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Payoff Mortgage or Fund Taxable Account
Replies: 16
Views: 2085

Re: Couches from Furniture Staging Companies

Be sure to also check the actual size of the furniture. Companies have been known to use slightly smaller than normal furniture for staging a house to make the rooms look larger.
by Watty
Sat Apr 18, 2015 9:23 pm
 
Forum: Personal Consumer Issues
Topic: Couches from Furniture Staging Companies
Replies: 3
Views: 901

Re: Trading Platform Software

With anything like this I have to ask myself; "If it really did what they claim, wouldn't they make a lot more money by just using the software themself and not selling it?" It is sort of like a time share presentation when they tout how good the timeshare is and that how you can come out ...
by Watty
Sat Apr 18, 2015 9:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trading Platform Software
Replies: 4
Views: 422

Re: Taking stock at midlife financially

I hope to make around 80-100 k gross going forward A lot of that is currently going for things like FICA taxes, retirement savings, kid related costs, your mortgage, etc. I am near retirement and while there will be some new costs then but I expect that without those costs I will need a lot less in...
by Watty
Sat Apr 18, 2015 9:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taking stock at midlife financially
Replies: 20
Views: 3416

Re: long term capital gain tax vs. roth conversions

A few comments; 1) If you shop around you should be able to find last years tax software at a very reasonable price. Getting that for both your federal and state taxes could be worthwhile so you can look at your numbers better. 2) It might make sense to sell the stocks that are generating the most d...
by Watty
Sat Apr 18, 2015 8:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: long term capital gain tax vs. roth conversions
Replies: 41
Views: 2345

Re: Mom is 59.5, in a terrible 403b. can she rollover?

If she does want to do then then; 1) If some HR clerk says the plan does not allow it then ask for them to check with the plan provider to confirm that in writing. It may just mean that the HR clerk did not know about it. 2) Check out the paperwork very carefully. It is possible that the HR clerk tr...
by Watty
Sat Apr 18, 2015 8:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mom is 59.5, in a terrible 403b. can she rollover?
Replies: 24
Views: 2134

Re: Squeezing more money into a 401k via a loan?

I'm interested in any flaws or gotchas in this thought process. years later when the additional money comes out of the 401k will all be taxed at your ordinary income tax rate. If the money was invested in a tax efficient mutual fund in a taxable account then only the capital gains would be taxed at...
by Watty
Sat Apr 18, 2015 7:29 pm
 
Forum: Investing - Theory, News & General
Topic: Squeezing more money into a 401k via a loan?
Replies: 7
Views: 883
Next

Return to advanced search