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by wilked
Mon May 11, 2015 12:40 pm
Forum: Personal Consumer Issues
Topic: Mechanics fails to fix problem
Replies: 17
Views: 1404

Re: Mechanics fails to fix problem

Did you try discussing it with the mechanic?
by wilked
Fri May 08, 2015 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Less than 2 years from retirement, finalizing plan and hoping for input
Replies: 16
Views: 2755

Re: Less than 2 years from retirement, finalizing plan and hoping for input

Simply having them both delaying Social Security until, and taking at, full retirement age may not be the best alternative for them. Perhaps the single most important item for you and them to well understand is the ins and outs of SS. It can be complicated and the payouts for the various options ca...
by wilked
Fri May 08, 2015 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Less than 2 years from retirement, finalizing plan and hoping for input
Replies: 16
Views: 2755

Re: Less than 2 years from retirement, finalizing plan and hoping for input

On the Retirement Income tab in the spreadsheet, you show income from IRA withdrawals, but the value of the IRAs does not decline to correspond . Even though they may continue to grow, the withdrawals need to be subtracted. BTW, what rate of growth are you assuming? Considering the in-laws' conserv...
by wilked
Fri May 08, 2015 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Less than 2 years from retirement, finalizing plan and hoping for input
Replies: 16
Views: 2755

Re: Less than 2 years from retirement, finalizing plan and hoping for input

I was approached by my in laws and have a strong history of financial prudence so I have no worries about my advice being considered. Whether they accept it or not, all I am offering is to model some scenarios and give recommendations, beyond that the decision is theirs. I can say they originally we...
by wilked
Fri May 08, 2015 8:59 am
Forum: Personal Consumer Issues
Topic: buying a new subaru outback
Replies: 25
Views: 2350

Re: buying a new subaru outback

I agree with the others, best to pay cash
by wilked
Thu May 07, 2015 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Less than 2 years from retirement, finalizing plan and hoping for input
Replies: 16
Views: 2755

Re: Less than 2 years from retirement, finalizing plan and hoping for input

Thanks Wizard, good thoughts. I will run it both ways (top down and bottom up).

That seems to be the most important part of retirement from what I can gather, understanding expenses / budget thoroughly
by wilked
Thu May 07, 2015 11:10 am
Forum: Personal Consumer Issues
Topic: New car vs used car -- what's your approach?
Replies: 57
Views: 2817

Re: New car vs used car -- what's your approach?

You say 'The maintenance costs over the last few years have been on the rise'

What specifically have you had done?
by wilked
Thu May 07, 2015 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Do Updates to Home Increase Market Value?
Replies: 32
Views: 2178

Re: Do Updates to Home Increase Market Value?

You might want to try another real estate agent/agency. In my experience, many, perhaps most, real estate agents are not very good at their jobs. This Also, it will sell for market price, not list price. Some realtors believe in listing it low and generating offers, not sure what type of sales envi...
by wilked
Thu May 07, 2015 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Less than 2 years from retirement, finalizing plan and hoping for input
Replies: 16
Views: 2755

Re: Less than 2 years from retirement, finalizing plan and hoping for input

I currently plan to advise the following to them: -Do the 100% survivorship on pension, better to take 9-10% less in pension and mitigate the impact that my father's death would have on the finances -Delay SS to 66 (FRA). The boost in SS by delaying is huge, and as they age the SS portion of the inc...
by wilked
Thu May 07, 2015 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Less than 2 years from retirement, finalizing plan and hoping for input
Replies: 16
Views: 2755

Less than 2 years from retirement, finalizing plan and hoping for input

OK, I have had a few threads on this already (linked here) https://www.bogleheads.org/forum/viewtopic.php?f=1&t=165188 https://www.bogleheads.org/forum/viewtopic.php?f=2&t=164666 At this point I have built a rough model which should be close (still lacks taxes, but I think it is in a good st...
by wilked
Thu May 07, 2015 7:27 am
Forum: Personal Consumer Issues
Topic: Backyard playsets - worth it?
Replies: 22
Views: 2570

Re: Backyard playsets - worth it?

Thanks for the replies. I think I'll just add a few more things under the porch for now. One challenge is that backyard is at a bit of a slope so that could be a pain to level. I am planning to build my own, follow somethign like this http://www.viewalongtheway.com/2011/07/our-diy-playset-part-1-th...
by wilked
Wed May 06, 2015 9:53 am
Forum: Investing - Help with Personal Investments
Topic: 18 months from retirement and cash heavy
Replies: 7
Views: 1588

Re: 18 months from retirement and cash heavy

OK, thanks for the responses. Good thoughts, I am nearly complete with my 'plan' and will lay it out in detail in a separate thread for comment.
by wilked
Wed May 06, 2015 8:50 am
Forum: Investing - Help with Personal Investments
Topic: 18 months from retirement and cash heavy
Replies: 7
Views: 1588

Re: 18 months from retirement and cash heavy

They have a pension that will begin upon retirement which will cover ~60% of financial needs, and I am already advising them to delay SS until FRA. That leaves 4 years to 'bridge' the pension-financial needs gap with IRA/cash. My question then is what to do with the cash. John, you offered that ladd...
by wilked
Tue May 05, 2015 3:26 pm
Forum: Personal Consumer Issues
Topic: Backyard playsets - worth it?
Replies: 22
Views: 2570

Re: Backyard playsets - worth it?

I am planning to build my own, follow somethign like this

http://www.viewalongtheway.com/2011/07/ ... the-tower/
by wilked
Tue May 05, 2015 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: 18 months from retirement and cash heavy
Replies: 7
Views: 1588

18 months from retirement and cash heavy

I am acting as financial advisor for my in laws and trying to help shape a plan to recommend to them. FIL will retire the end of 2016 and his spouse may continue on a part-time basis for 1-2 years (still to be decided). They have $300K in IRAs (but basically in money market accounts) and $250K sitti...
by wilked
Sat May 02, 2015 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Sources for Down Payment
Replies: 7
Views: 939

Re: Sources for Down Payment

playtothebeat wrote:Sell your house, then rent for a year. There are a lot of different areas of San Francisco and the Bay Area in general. You'll like some more than others. Figure out which area suits you, and only then make a decision to buy.

This one
by wilked
Thu Apr 30, 2015 5:08 am
Forum: Investing - Help with Personal Investments
Topic: How should I save for a house???
Replies: 17
Views: 1404

Re: How should I save for a house???

You need to prioritize house and retirement savings... Doing both won't work right now. If a house is important (seems to be) then I would back off tsp to the match and sacrifice Roth for the short term You say you have 2-3k 'surplus' why have you not been saving in previous months? I ask only becau...
by wilked
Wed Apr 29, 2015 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Help Choosing Survivor Pension Option (50% vs 100%)
Replies: 25
Views: 1859

Re: Help Choosing Survivor Pension Option (50% vs 100%)

Thanks everyone! Great advice and helped clarify it for me. Will definitely recommend the 100% option
by wilked
Mon Apr 27, 2015 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help Choosing Survivor Pension Option (50% vs 100%)
Replies: 25
Views: 1859

Re: Help Choosing Survivor Pension Option (50% vs 100%)

Hmm, I convinced him I could play the part of the financial advisor and save him the $$. :shock: I may have him spend a little money to hire one eventually, but if nothing else I can get all the finances arranged well and organized so we only pay for a small number of hours, perhaps an online advisor.
by wilked
Mon Apr 27, 2015 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Help Choosing Survivor Pension Option (50% vs 100%)
Replies: 25
Views: 1859

Re: Help Choosing Survivor Pension Option (50% vs 100%)

Is he insurable? When my wife retired with a state pension, we faced a similar decision. She had the defined benefit plan, while I have a defined contribution plan. After looking at the options, we decided a term life insurance policy on her life would more than cover the gap if she died first, and...
by wilked
Mon Apr 27, 2015 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Help Choosing Survivor Pension Option (50% vs 100%)
Replies: 25
Views: 1859

Re: Help Choosing Survivor Pension Option (50% vs 100%)

So if he dies first how much will his wife have to live on? 50% option gives her 2105/2 = $1052.50 100% option gives her $1915. Is it worth it to get $190 more while he's living if she has to live on $862.50 less if he dies? You tell me. It makes the choice a little plainer when spelled out that wa...
by wilked
Mon Apr 27, 2015 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Help Choosing Survivor Pension Option (50% vs 100%)
Replies: 25
Views: 1859

Re: Help Choosing Survivor Pension Option (50% vs 100%)

They have other money stashed elsewhere, each will get a bit more than this in SS benefits, but the pension will be an important part of their retirement (let's say it will be at least 25% of their retirement income for the foreseeable future).
by wilked
Mon Apr 27, 2015 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Help Choosing Survivor Pension Option (50% vs 100%)
Replies: 25
Views: 1859

Help Choosing Survivor Pension Option (50% vs 100%)

This advice is for my father in law, who is relying on me for some financial help. Union worker, he will retire in about a year at 62. His wife is a year older, each has a mother still alive in their early 90s. They will need the pension to live on so the decision will have impact on their finances....
by wilked
Mon Apr 27, 2015 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Best way to sell a used wedding ring?
Replies: 18
Views: 2184

Re: Best way to sell a used wedding ring?

Step 1, determine it's rough value
Step 2, take this number and divide by either 4 or 8 depending on how quickly you wish to sell
Step 3, list on craigslist
by wilked
Sun Apr 26, 2015 5:25 am
Forum: Personal Consumer Issues
Topic: Broken Oxygen Sensor on Car
Replies: 43
Views: 2914

Re: Broken Oxygen Sensor on Car

I bought the special socket for ten bucks and did it myself. It does help to lengthen your ratchet with a pipe r something similar
by wilked
Wed Apr 22, 2015 9:05 am
Forum: Personal Consumer Issues
Topic: Broken Oxygen Sensor on Car
Replies: 43
Views: 2914

Re: Broken Oxygen Sensor on Car

Year / make of car? I bet there is a YouTube showing how to do it.

I did it recently, super easy
by wilked
Sat Apr 18, 2015 12:18 pm
Forum: Personal Consumer Issues
Topic: Researching Used Car Price - Any data available?
Replies: 3
Views: 290

Re: Researching Used Car Price - Any data available?

I am not sure why it would be impossible? I just ran a quick query on ebay, for instance, and there are 16 cars that sold in the range I am looking (less than 5 years old, less than $50K). The problem is if I wanted to transfer this to excel I would have to do it all by hand, the data is non-standar...
by wilked
Sat Apr 18, 2015 12:10 pm
Forum: Personal Consumer Issues
Topic: What Is The Worst Car You Have Ever Owned?
Replies: 39
Views: 1901

Re: What Is The Worst Car You Have Ever Owned?

1991 Dodge Colt. The thing had a curb weight just under 2000 pounds I think (avg for a mid-size car is 3500 pounds) and the tires were these 13" ones about as wide as some bicycle tires (exaggerating slightly here). I lived in Maine and honestly was taking my life in my hands anytime it snowed....
by wilked
Sat Apr 18, 2015 11:55 am
Forum: Personal Consumer Issues
Topic: Researching Used Car Price - Any data available?
Replies: 3
Views: 290

Researching Used Car Price - Any data available?

So of course there is KBB and NADA, which are great at getting a +/- 20% I think. What I would really love is a database of cars within a make/model that tells you: Year/Miles/Trim/Price/Zip Code I have to believe this data is out there within Autotrader, for instance, but I can't see an easy way to...
by wilked
Sat Apr 18, 2015 10:03 am
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 185
Views: 12056

Re: engineers - please help with engineering school selectio

Most engineers I know are engineers because their brains and blood are engineers. They view the world through a lens of 'how does it work', 'how could I make it work better', and 'why'? I don't really agree with your 50% number by my experience. To the OP, go with UMN, it has the edge on education. ...
by wilked
Thu Apr 16, 2015 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to more expensive area--loan or sell investments?
Replies: 1
Views: 264

Re: Moving to more expensive area--loan or sell investments?

I wouldn't assume a cash offer is needed... Another way to 'flex' cash is to make a larger than normal 'earnest money' to demonstrate seriousness.

Reealtors talk...your situation (75% of offer in cash) will be communicate with your offer. The sellers will be well-aware you are not a financial risk
by wilked
Thu Apr 16, 2015 7:36 pm
Forum: Personal Consumer Issues
Topic: Safety Deposit Box is Necessary (+1 plug:)
Replies: 33
Views: 4586

Re: Safety Deposit Box is Necessary (+1 plug:)

I am not sure if the OP is a man or woman, but would like to hear more on his/her exact actions that convinced the thieve to drop everything and leave
by wilked
Thu Apr 16, 2015 7:31 pm
Forum: Personal Consumer Issues
Topic: How do you quickly cool food?
Replies: 34
Views: 2565

Re: How do you quickly cool food?

lol...only on boglesheads!
by wilked
Thu Apr 16, 2015 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Help with ideas to buy a home in a hot market
Replies: 14
Views: 1638

Re: Help with ideas to buy a home in a hot market

If it is truly a hot market, then enter into an agreement with no financial / sales contingency. As you say the market is hot so your home will sell... worst case is you risk your earnest money, which you would lose *for sure* if you sold taxable (via taxes). It is a slight gamble, but odds are high...
by wilked
Wed Apr 15, 2015 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Just looking for advice - [Payoff loan, 401(k) choices]
Replies: 31
Views: 1295

Re: Just looking for advice

This is good timing as you have til the end of the day to do something I highly recommend: one Roth iras for both you and your wife for 2014. I would do the max, 5500 each. I would then pay off the student loans tomorrow, full amount. Your savings will take a hit but if you are saving 1000 per month...
by wilked
Tue Apr 14, 2015 1:30 pm
Forum: Personal Consumer Issues
Topic: Kitchen upgrade - granite selection help
Replies: 52
Views: 4505

Re: Kitchen upgrade - granite selection help

Are you in Atlanta?
by wilked
Mon Apr 13, 2015 8:12 pm
Forum: Personal Consumer Issues
Topic: Kitchen upgrade - granite selection help
Replies: 52
Views: 4505

Re: Kitchen upgrade - granite selection help

Just wanted to chime in with a rec to use quartz instead, we have had issues with granite in our last apartment
by wilked
Thu Apr 09, 2015 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should I renege [on a] job offer?
Replies: 48
Views: 4540

Re: Should I renege [on a] job offer?

Let me sum up what you have said so far. You like everything about the consulting job. You hate everything about the banking job. The pay at the latter is better, but the former is enough to live on comfortably and you've already accepted a position there. Why are you even considering this? This
by wilked
Wed Apr 08, 2015 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Afford this house?
Replies: 15
Views: 2048

Re: Can I Afford this house?

You could swing it if everything with the job works out as planned. Most everything in medicine is a 'big if' these days... I personally would live like a resident (or fellow) for a while longer. Almost no one does it, but it is the best path. Attack your student debt, save up for a bigger down pay...
by wilked
Tue Apr 07, 2015 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of College & Weighing the Merits of Top Schools
Replies: 304
Views: 17593

Re: Cost of College & Weighing the Merits of Top Schools

I am an engineering manager and agree with the others - for STEM schools, an expensive private school will matter at most for that first job. After that it is about ability and results. If I stop and think about it I can name my team members universities, but I do have to think about it for a moment...
by wilked
Mon Apr 06, 2015 9:34 am
Forum: Personal Finance (Not Investing)
Topic: umbrella policy
Replies: 16
Views: 2957

Re: umbrella policy

I just picked up umbrella insurance (cost $250/yr for $1MM) based on this thread, thanks!
by wilked
Mon Apr 06, 2015 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Getting Started - New investor
Replies: 11
Views: 1459

Re: Getting Started - New investor

TXJuice wrote:For now I plan to hold onto this account and sell Navigator Holdings when it reaches my target price


What is your target price based on?
by wilked
Mon Apr 06, 2015 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Pay Off Mortgage to Save for Bigger House
Replies: 10
Views: 1610

Re: Pay Off Mortgage to Save for Bigger House

letsgobobby wrote:Seems like a terrible idea to put more money in the condo. I'd be hoarding cash in order to make a full down payment and to avoid the possibility of a contingent offer.

+1
by wilked
Sun Apr 05, 2015 7:25 pm
Forum: Personal Consumer Issues
Topic: Memorial Day Weekend - Cape Cod or Martha's Vineyard?
Replies: 20
Views: 1719

Re: Memorial Day Weekend - Cape Cod or Martha's Vineyard?

Martha's vineyard is much better when warm... I would stay on the cape given the choice.
by wilked
Wed Apr 01, 2015 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a $500,000 house?
Replies: 43
Views: 5795

Re: Can I afford a $500,000 house?

The other thing you have to consider is the price you are talking for what you are getting.

Another garage stall? A sunroom? Find the southern-facing room and maybe bump out some bay windows, can completely open up a room.
by wilked
Wed Apr 01, 2015 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to buy a house?
Replies: 8
Views: 993

Re: Can we afford to buy a house?

You mentioned worrying about whether prices are at a high... I can say that if I were worried about that I wouldn't be getting a 1000 sq ft condo for $600/st ft. I would aim for something like this which sold recently https://www.redfin.com/MA/Somerville/10-Miner-St-02145/home/8716011 the green line...
by wilked
Wed Apr 01, 2015 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to buy a house?
Replies: 8
Views: 993

Re: Can we afford to buy a house?

We bought 9 months ago. I wpuld say you are looking either Brookline, Newton, or Cambridge? Find a cheaper area, those prices are obscene and would stretch your budget. Some suggestions are West Medford and Jamaica Plain, or Somerville (Some parts) I don't really understand this deal with the employ...
by wilked
Mon Mar 30, 2015 8:01 pm
Forum: Personal Consumer Issues
Topic: Investing in patio sliding doors; any guidance?
Replies: 7
Views: 800

Re: Investing in patio sliding doors; any guidance?

I saw 'investing' in sliding doors and thought maybe Andersen was going public with an IPO!

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