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Re: Air conditioning

While watching a historical TV show I once asked my Mom if men really wore coats and ties regularly in the south in the summertime before air conditioning. According to her they did, at least in the pre-WW II era when she was growing up. She did mention that they had summer weight coats but I still ...
by Watty
Fri Aug 22, 2014 4:48 pm
 
Forum: Personal Consumer Issues
Topic: Air conditioning
Replies: 31
Views: 1898

Re: Do you take all of your allowed paid vacation time?

My favorite story about people not taking much vacation time was told to me by an auditor that I was working with on an unrelated project. It was about a company that had a very dedicated employee that rarely took a vacation day and came in to work even when he should have stayed home sick. He was h...
by Watty
Fri Aug 22, 2014 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you take all of your allowed paid vacation time?
Replies: 48
Views: 1857

Re: Low Tax Bracket & Almost Retired - Tax Exempt or Not??

There are two more things to consider; 1) Her combined tax bracket including her state taxes. 2) If she will be in the income range were more of her social security becomes taxable with more income then her effective tax bracket could be a lot higher than 15% even though it looks like that is the ta...
by Watty
Thu Aug 21, 2014 10:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low Tax Bracket & Almost Retired - Tax Exempt or Not??
Replies: 11
Views: 1065

Re: Advice on 401k - Traditional vs Roth

This is a hard question to answer since the ideal choice would be to have a mixture of account types so you will have more options when you are retired. If you are in the 25% or higher federal tax bracket it would take some compelling reasons, which is very possible, to choose a Roth when you could ...
by Watty
Thu Aug 21, 2014 10:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on 401k - Traditional vs Roth
Replies: 7
Views: 552

Re: Good place to buy eyeglasses without insurance?

Just a couple of months ago I bought a new pair, but recently suffered an unfortunate mishap and destroyed my glasses. So I need a new pair. I already used my insurance benefits, so i'd have to pay completely out of pocket. If you paid for the glasses with a credit card be sure to check to see is t...
by Watty
Thu Aug 21, 2014 10:21 pm
 
Forum: Personal Consumer Issues
Topic: Good place to buy eyeglasses without insurance?
Replies: 32
Views: 1500

Re: Investors Pour Into Vanguard, Eschewing Stock Pickers

I have not followed how much they use it but with that much stock Vanguard should have a lot of clout with the companies that it owns shares of so they may be able to help get companies more focused on doing what is in the shareholders best interests.
by Watty
Thu Aug 21, 2014 10:11 pm
 
Forum: Investing - Theory, News & General
Topic: Investors Pour Into Vanguard, Eschewing Stock Pickers
Replies: 63
Views: 4559

Re: Driving in Costa Rica

There several shuttle companies that you can get to take you between towns so you don't need to hire a private van. You will likely be there in the high season so be sure to make reservations for transportation, or a rental car well in advance. Taking a van to and from Arenal and renting a car there...
by Watty
Thu Aug 21, 2014 4:52 pm
 
Forum: Personal Consumer Issues
Topic: Driving in Costa Rica
Replies: 18
Views: 971

Re: Subaru Blues

I'm wondering what sort of problem would cause these symptoms. I sounds like some sort of computer problem, it could be simple or complex but it should still be under warranty. I once had a different brand car with almost 50K miles totally die with a computer problem, but it was still covered under...
by Watty
Wed Aug 20, 2014 9:46 pm
 
Forum: Personal Consumer Issues
Topic: Subaru Blues
Replies: 59
Views: 3920

Re: Sport of Fencing question

I would pay a visit to the high school coach and ask him how your son might best prepare. +1 It has been many years but I did some fencing in high school and even though it was a large high school everyone that wanted to be on the fencing team was welcome since they did not have so many people that...
by Watty
Tue Aug 19, 2014 9:51 pm
 
Forum: Personal Consumer Issues
Topic: Sport of Fencing question
Replies: 5
Views: 517

Re: 401k versus Roth IRA

In case have not heard of doing this, you can use last years tax software you can make up a dummy copy of your tax return to see how making different choices will change your taxes. It will not be exact because of tax law changes but it adding or subtracting $100 in income will show your your true m...
by Watty
Tue Aug 19, 2014 9:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k versus Roth IRA
Replies: 15
Views: 658

Re: Retirement Planning

Your clarifying statement regarding your professions was helpful. Given your tax bracket I would suggest that you contribute the $10,000 to your 403b. While not great, you have S&P 500, Mid Cap and Small Cap options that are not horrible. For the time being I would invest there. You might consi...
by Watty
Tue Aug 19, 2014 9:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning
Replies: 14
Views: 1480

Re: Retirement Investment Help

If you have not read it already you might start by reading the Bogleheads guide to investing http://www.amazon.com/s/?search-alias=aps&tag=bogleheads.org-20&field-keywords=Bogleheads There is also a "getting started wiki" in case you have not see it. http://www.bogleheads.org/wiki/...
by Watty
Tue Aug 19, 2014 9:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Investment Help
Replies: 2
Views: 329

Re: Parents sold second home. Need advice on how to invest

denovo wrote:
Ged wrote:The first suggestion is to avoid financial managers!

If their income needs are truly met I'd suggest a 3 fund portfolio at Vanguard with about 50% in equities.


This.


+1

At the very least they need to know exactly how the financial adviser is compensated.
by Watty
Tue Aug 19, 2014 8:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Parents sold second home. Need advice on how to invest $$$
Replies: 5
Views: 631

Re: Should non-vested retirement assets be treated different

Should non-vested retirement assets be treated differently?


You may not have the choice to invest it differently if it is a cash match. At least in my 401K the company match is invested the same as the rest of your portfolio and you cannot specify a different investment for it.
by Watty
Tue Aug 19, 2014 7:09 pm
 
Forum: Investing - Theory, News & General
Topic: Should non-vested retirement assets be treated differently?
Replies: 8
Views: 437

Re: 401k versus Roth IRA

Thank you for the very informative response. When I went to withdraw the money I just put into the Roth it was asking me the reason. Early withdrawal or early withdrawal with disability. It's lost a dollar so it's all contribution. How do I get it out? It's only $300 but I may as well get it out. I...
by Watty
Tue Aug 19, 2014 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k versus Roth IRA
Replies: 15
Views: 658

Re: Help talk family out of moving money to new attractive f

There has been a gentleman named Neil Woodford from here in the UK. Apparently he has been having great results for quite some time. You can see his performance here. There is also a video of him speaking. One thing to notice is that the graph he gives compares his performance to the "sector a...
by Watty
Tue Aug 19, 2014 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help talk family out of moving money to new attractive fund
Replies: 4
Views: 465

Re: 401k versus Roth IRA

Tax Rate: 25% Federal (118k taxable last year for HH), 0% State Unless you are on a high income career path that is just getting started then in the 25% tax bracket it would take a compelling reason, which is possible, to pass up a deductible retirement account to go with a Roth. Except for being a...
by Watty
Tue Aug 19, 2014 6:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k versus Roth IRA
Replies: 15
Views: 658

Re: Pension – Lump Sum Rollover or Keep it?

I’m thinking lump and rollover to IRAs. I would assume that the figures you gave were for starting the pension at 65 and that the pensions are not inflation adjusted. If so then you can put the lump sum into the IRA's and then buy a SPIA when you are retired. If interest rates are higher then you w...
by Watty
Tue Aug 19, 2014 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pension – Lump Sum Rollover or Keep it?
Replies: 9
Views: 625

Re: What was Underestimated\Overestimated in Retirement

I buy a few more audiobooks. My local library has a lot of ebooks available, too, but its audio selection is dismal. I have Netflix, but do not watch TV. I spend about $60 for audiobooks per month and $9 approximately for Netflix. Eating out about $120. Pedicure once per month $50. Haircut $25. FYI...
by Watty
Sun Aug 17, 2014 10:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: What was Underestimated\Overestimated in Retirement
Replies: 48
Views: 4565

Re: Europe travel: best card for ATM cash

Some PenFed credit cards have no foreign transaction fee and no cash advance fee. https://www.penfed.org/credit-card-overview/ I use one for cash advances from an ATM there when I travel and it works just fine. Interest is charged from the time you make the withdrawal but I pay it off as soon as I r...
by Watty
Sat Aug 16, 2014 10:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Europe travel: best card for ATM cash
Replies: 33
Views: 1915

Re: Moving after retirement.

Here are my reasons for staying put.


It sounds like you would be crazy to move unless you were in a dire financial situation, and even then you might be able to move to a less expensive nearby house or apartment.
by Watty
Sat Aug 16, 2014 9:53 pm
 
Forum: Personal Consumer Issues
Topic: Moving after retirement.
Replies: 43
Views: 3591

Re: Is buying two SUVs a sane/good financial move?

One to protect my husband and one because I am a bad driver. Is this a sound decision? One consideration for your husbands situation is that airbags can cause injuries even to people without health issues. Airbags are sometimes referred to as being first, second, or third generation airbags with ea...
by Watty
Sat Aug 16, 2014 9:39 pm
 
Forum: Personal Consumer Issues
Topic: Is buying two SUVs a sane/good financial move?
Replies: 63
Views: 3645

Re: need advice on soon to retire parents

Watty wrote: What is the interest rate on their current mortgage? Since they will be selling in a few years they might pay off their current mortgage now which would be like getting a CD at the same interest rate(after adjusting for taxes). When they sell it and move they they could use that cash t...
by Watty
Sat Aug 16, 2014 9:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: need advice on soon to retire parents
Replies: 8
Views: 1196

Re: Getting Married, traveling abroad

The Rick Steve's books and web site are very good. TripAdvisor is good for reading hotel reviews. We typically find that we are out and about so much when we are over there that we don't spend a lot of time at the hotel so as long and it is clean and safe we don't need a real high end hotel. If you ...
by Watty
Fri Aug 15, 2014 10:56 pm
 
Forum: Personal Consumer Issues
Topic: Getting Married, traveling abroad
Replies: 25
Views: 1340

Re: Is the goal in sight? Should I relax?

A couple of things that were not mentioned. 1) Social security; that will provide a significant percentage of your desired income. You may only need to provide $70K or less other income to hit your goal of $100K in income. 2) Your income needs will vary with your age. When you are in your mid 70's o...
by Watty
Fri Aug 15, 2014 10:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the goal in sight? Should I relax?
Replies: 19
Views: 2303

Re: How much to leave for young children, guardian and famil

A trust is the vehicle you need to accomplish your desires. A skilled trustee can carry out your wishes. You can't expect to lay down such a specific plan today without the intervention of someone down the road who can adjust for changed conditions. Gill +1 It is also possible that the guardian wil...
by Watty
Fri Aug 15, 2014 9:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to leave for young children, guardian and family
Replies: 12
Views: 1315

Re: need advice on soon to retire parents

My only concern is that for the next 2-3 years the interest on the bonds will be taxed pretty high considering almost all their wealth is in a taxable account. Seams like the tax will add up to about $8K+ over 3 years (more if the fund increases and if they continue to contribute to it.) Once retir...
by Watty
Fri Aug 15, 2014 9:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: need advice on soon to retire parents
Replies: 8
Views: 1196

Re: How to value house with unwanted tennis court

It would be good to be cautious about how you approach the seller about taking out the tennis court. Sellers can have a lot of emotional memories about things like tennis courts or other features of the house and talking about taking it out might make the discussion difficult. I would not bring it u...
by Watty
Fri Aug 15, 2014 9:09 pm
 
Forum: Personal Consumer Issues
Topic: How to value house with unwanted tennis court
Replies: 24
Views: 2105

Re: Strategic Default [on a property]

The condo is STILL 25-30k under water 8 years later. He currently has a renter that covers the mortgage interest, but that's about it. The proverbial straw may have come last week when the condo HOA hit him with a $4,500 special assessment due in Nov. A short sale that the bank agrees to is one thi...
by Watty
Fri Aug 15, 2014 4:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Strategic Default [on a property]
Replies: 42
Views: 3034

Re: Lifestyle Creep

What would you share with others regarding lifestyle creep? I once went to three funerals within a year of people that were more or less my age. That helped me spend more on the “now” side of the “Now vs Later” equation I am still a little bit away from when I want to retire but what really helped ...
by Watty
Fri Aug 15, 2014 4:42 pm
 
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 22
Views: 2617

Re: Medical Alert System

What are certain things and features to look for? My Mom used one of them(am not sure which one) for a few years and had to use it twice so it was well worthwhile. I would assume that most of them are waterproof and can be worn in the bath or shower but it would be good to double check and to make ...
by Watty
Fri Aug 15, 2014 3:58 pm
 
Forum: Personal Consumer Issues
Topic: Medical Alert System
Replies: 19
Views: 896

Re: Debit VS Credit Cards Security

I don't have a link handy but a lot of the changes are getting ready got when new rules go into effect in October of 2015 when new fraud rules basically make the old magnetic stripe cards obsolete. There is really no upside to having a debit card and lots of downsides since you have no leverage in c...
by Watty
Thu Aug 14, 2014 10:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debit VS Credit Cards Security
Replies: 19
Views: 1476

Re: Marketwatch article: Make your kid rich for $1 a day

I assumed I'd have to move it over in gift limit increments each year but is there another way you guys can think of? Keep it in you own name and let them inherit it some day, that way they can get decades of capital gains at a stepped up cost basis and never have to pay taxes on it. Realistically ...
by Watty
Wed Aug 13, 2014 10:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Marketwatch article: Make your kid rich for $1 a day
Replies: 7
Views: 1288

Re: Pay off that Mortgage?

Assume one has a 3.4%/30 year with 28 years or so to run. Funds are available to either (a) pay off, or (b) invest. One investing option is a 3.3%/10 year CD. Thoughts? Disregard Garn-StGermain, as it's a tad too esoteric. The mere 10 bp difference over the first ten years makes me reluctant to sur...
by Watty
Wed Aug 13, 2014 9:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay off that Mortgage?
Replies: 18
Views: 2506

Re: Motorcycle for short commute?

or a half hour walk That is likely only a little bit over a mile. Thinking outside the box: If a bicycle would make you too sweaty then an electric scooter, like some older people use, might be an option depending on the rout. Many of them limit the speed for safety for less agile older people but ...
by Watty
Tue Aug 12, 2014 9:57 pm
 
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 52
Views: 3069

Re: Would you tip this tour guide?

Something does not make sense.

I assume that the seating was

Front: Driver(guide) and passenger
middle: two passengers
back row: three passengers.

Why didn't the guide just put the two large people in the middle and then have three smaller people in the back row?
by Watty
Tue Aug 12, 2014 9:21 pm
 
Forum: Personal Consumer Issues
Topic: Would you tip this tour guide?
Replies: 22
Views: 2174

Re: Convince me I can make a dumb (car-related) purchase

If you commute in heavy traffic then sitting in it in a high performance car is a waste. In bumper to bumper traffic I have been known to pull up my Honda next to a car like a Porsche and rev the engine like I was wanting to race them. I want to buy a car in the $40-50k range.... Be sure to look at ...
by Watty
Mon Aug 11, 2014 9:48 am
 
Forum: Personal Consumer Issues
Topic: Convince me I can make a dumb (car-related) purchase
Replies: 56
Views: 4176

Re: Reticient sibling [Dispute over execution of trust]

The one who is withholding her signature is not an emotionally stable person (some say she is bi-polar). If that is true then having the money kept in a trust might be the best thing possible for that person especially if she is in a rocky marriage with a potential ex-spouse or creditors that could...
by Watty
Mon Aug 11, 2014 7:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Reticient sibling [Dispute over execution of trust]
Replies: 31
Views: 2945

Re: Rental Property vs. Selling

If you sell it now you will likely qualify for the homeowners capital gains exemption and not have to pay any capital gains taxes. If you keep it as a rental for more than a couple of years then you will lose that exclusion become liable for the capital gains taxes when you sell the house. It would ...
by Watty
Sun Aug 10, 2014 5:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rental Property vs. Selling
Replies: 10
Views: 1067

Re: Help me figure out how to sell investment advice legally

So you want to charge people to essentially tell them to invest in Vanguard index funds? That's not cool. A one time fee to get people on the right track could be a very valuable service so there is nothing wrong with that. Off and on there have been a number of posts about people without dependabl...
by Watty
Sun Aug 10, 2014 11:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Help me figure out how to sell investment advice legally
Replies: 12
Views: 1905

Re: POLL: What age to purchase SPIA?

@watty - no the calculations were not 3% after inflation - they're basically just a plain 3% return (assuming 3% inflation) If all you need to do is to keep of with inflation then any money in retirement accounts could just be but into a ladder of individual TIPS. I didn't double check but as I rec...
by Watty
Sun Aug 10, 2014 11:17 am
 
Forum: Investing - Help with Personal Investments
Topic: POLL: What age to purchase SPIA?
Replies: 11
Views: 1102

Re: POLL: What age to purchase SPIA?

Delaying when she starts social security is in affect buying an inflation adjusted annuity so that should likely be the first thing she does. has amassed enough savings that she needs < 3% RoR to last 30 years at 4% SWR That is likely a 3% real return that is needs to beat inflation by so that might...
by Watty
Sun Aug 10, 2014 12:22 am
 
Forum: Investing - Help with Personal Investments
Topic: POLL: What age to purchase SPIA?
Replies: 11
Views: 1102

Re: California Redwoods in December - VW Vanagon

One thought I had was to rent a VW Vanagon in San Fran and drive up. Seems like a fun way to go. The Vanagon has not been sold in about 25 years. In addition to the question about the wisdom of taking a 25 year old rental of unknown reliability to the mountains in winter, there is also the question...
by Watty
Sun Aug 10, 2014 12:05 am
 
Forum: Personal Consumer Issues
Topic: California Redwoods in December - VW Vanagon
Replies: 13
Views: 1155

Re: Which mortgage to pay off first? Youngin looking for fre

Do you itemize deductions, and would you still itemize deductions if the home mortgage were gone? If not, then you get a better benefit from paying the home mortgage. The rental interest is always deductible because you pay tax on the net rental income. The home mortgage interest loses its deductib...
by Watty
Sat Aug 09, 2014 11:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which mortgage to pay off first? Youngin looking for freedom
Replies: 9
Views: 1275

Re: Help me figure out how to sell investment advice legally

There is another separate issue because even if you follow all the rules and are doing it legally you could still be sued for the advice that you give if they get a bad result. Even if the lawsuit is unlikely to win you could still be stuck with some large legal bills. It is likely harder to do than...
by Watty
Sat Aug 09, 2014 11:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help me figure out how to sell investment advice legally
Replies: 12
Views: 1905

Re: High Fee 401k

grabiner wrote: (In addition, you might switch employers before 2040 and have a chance to roll over the 401(k) to an IRA then.)


Or the employer might improve the 401k, or at the age of 59.5 you might be able to do a "non-hardship in-service withdrawl" and roll it out to a better IRA then.
by Watty
Sat Aug 09, 2014 11:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: High Fee 401k
Replies: 18
Views: 944

Re: how to best exit inherited lot "winners" from ML?

1) Is it worth taking the gains hit on the individual stocks in order to funnel them to broad index funds? You would want to check on this but the the cost basis for inherited stocks would likely stepped up to be the value of the stocks in the the day the person died and any gains or losses after t...
by Watty
Sat Aug 09, 2014 1:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: how to best exit inherited lot "winners" from ML?
Replies: 4
Views: 607

Re: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?

New company does not match 403(b), so I'm not contributing (plus I can't afford to). Single people get into the higher tax brackets really quick, especially when you add in state taxes. If you are above the 15% tax bracket then maxing out the 403b should likely be your first priority. Huh? I'm conf...
by Watty
Fri Aug 08, 2014 6:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?
Replies: 26
Views: 1070

Re: Ready to make up for lost time, need guidance, new to th

NM retirement (if I were to retire in 12 years, age 60) $2400/monthCalifornia retirement payment = $500/month *don't know if either are adjusted for inflation*SS payment = 1805/month at 67 and 2388/month at 70 - this is based on a salary around 63k for the next 12 yearsHusband = no SS - for persona...
by Watty
Fri Aug 08, 2014 3:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Ready to make up for lost time, need guidance, new to this
Replies: 33
Views: 3321

Re: What Used Car Should I Get for <10K

Budget $8-10k. The best thing to do would to be to keep an open mind and see what is available. You would likely want to eliminate some problem models and brands but even if you first choice would be some sort of Honda or Toyota, it very well could be that the best car for that price is a Ford or a...
by Watty
Fri Aug 08, 2014 2:38 pm
 
Forum: Personal Consumer Issues
Topic: What Used Car Should I Get for <10K
Replies: 30
Views: 2444
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