Search found 885 matches

by wilked
Mon Jun 29, 2015 2:27 pm
Forum: Investing - Theory, News & General
Topic: SEP vs SIMPLE vs Roth
Replies: 6
Views: 337

Re: SEP vs SIMPLE vs Roth

I didn't realize Traditional IRAs would be deductible. I see now it is as she has no employer available retirement plan

That is what I will recommend, thanks!
by wilked
Mon Jun 29, 2015 10:48 am
Forum: Investing - Theory, News & General
Topic: SEP vs SIMPLE vs Roth
Replies: 6
Views: 337

Re: SEP vs SIMPLE vs Roth

AGI is between $70K and $181K, for what it's worth. She is Roth eligible, and could not deduct her IRA

So no SEP, no Solo...

Looks to be between SIMPLE and Roth, by my eye
by wilked
Mon Jun 29, 2015 8:48 am
Forum: Investing - Theory, News & General
Topic: SEP vs SIMPLE vs Roth
Replies: 6
Views: 337

SEP vs SIMPLE vs Roth

This question if for my sister. She has no retirement savings to speak of, has had a small business for 1 years or so. She wishes to begin investing for her retirement and has $10k set aside. The business has 2 employees, one for about 4 years. She does not wish to involve the employees in this deci...
by wilked
Fri Jun 26, 2015 12:23 pm
Forum: Personal Consumer Issues
Topic: Grade 6, Writing, Resources.
Replies: 10
Views: 824

Re: Grade 6, Writing, Resources.

I didn't see much room in there for 'being a kid' I only listed information related to the question. She has other things like Reading, TV, Free play, Music, Sports, Vacations etc. Do you schedule her Reading time after Sports time? There are studies that link the two http://fitness.mercola.com/sit...
by wilked
Fri Jun 26, 2015 10:48 am
Forum: Personal Consumer Issues
Topic: Grade 6, Writing, Resources.
Replies: 10
Views: 824

Re: Grade 6, Writing, Resources.

School: High rated and competitive. Year end Report Card: Grade: 5 4 - Exceeding the Grade Level Standard 3 - Meeting the Grade Level Standard Subjects: Reading, Writing, Math, Science and Social Studies Reading: - Vocabulary: 3 - Communicates comprehension in writing: 3 Writing: - Grammar, Punctua...
by wilked
Fri Jun 26, 2015 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Pay student loan off at 2.875%? - otherwise, 14 years to go
Replies: 52
Views: 5400

Re: Pay student loan off at 2.875%? - otherwise, 14 years to go

My advice

http://frontporchdenver.com/wp-content/ ... _toss.jpeg

Actually, I had same decision (same rate, similar balance) 5 years ago. Debated it on this forum also, answers were split just as above

I paid it off, no regrets since
by wilked
Thu Jun 25, 2015 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home
Replies: 7
Views: 670

Re: Buying a home

I use 7 years as the first criteria for purchase of a house.

Transaction prices of a house (buy/sell) are very expensive.
by wilked
Thu Jun 25, 2015 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Home renovation funding
Replies: 36
Views: 2811

Re: Home renovation funding

Two things

I agree OP needs more quotes, dollar figure sounds high by maybe 30-50%

If OP can pay for it out of cash within a year, best to wait a year (I know, delayed gratification sucks!)

You are paying for your GC's early retirement if you sign off on it as is
by wilked
Thu Jun 25, 2015 7:59 am
Forum: Personal Consumer Issues
Topic: Questions about brick paver driveway
Replies: 12
Views: 1804

Re: Questions about brick paver driveway

Why don't you choose and supply the pacers, contractor to supply all other materials and labor?
by wilked
Tue Jun 23, 2015 8:52 am
Forum: Personal Consumer Issues
Topic: MacBook Pro Worth the money?
Replies: 79
Views: 8734

Re: MacBook Pro Worth the money?

This clip puts it well

https://www.youtube.com/watch?v=UnGgGoemzwU

you could get a whole bunch of mums... your choice
by wilked
Wed Jun 17, 2015 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another "Can we afford this home?" scenario
Replies: 13
Views: 2047

Re: Another "Can we afford this home?" scenario

I would be maxing out your 401(k)s, taking your $60k cash to pay off the $30k loan and $30k of the $130k loan, paying off the student loans aggressively as you could get rid of them entirely in the next 2 years, and then saving up a down payment. Who knows what will happen with interest rates and p...
by wilked
Tue Jun 16, 2015 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Where should we held the Living Trust paper?
Replies: 3
Views: 420

Re: Where should we held the Living Trust paper?

If I were you I would definitely consult with a lawyer experienced in trusts, even the simple ones are not so simple

good luck
by wilked
Tue Jun 16, 2015 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Gift of money for kids education
Replies: 4
Views: 492

Re: Gift of money for kids education

Sounds like you already know the answer, which is laddered CDs.

viewtopic.php?t=151951

good luck
by wilked
Mon Jun 15, 2015 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Baby on the way - can we afford to buy a house?
Replies: 18
Views: 2633

Re: Baby on the way - can we afford to buy a house?

$1000 per month is likely high but for some years it might be low. I would expect higher costs initially (customizing condo to your needs, uncovering the prev condo owners gremlins, etc) thus my higher estimate initially
by wilked
Mon Jun 15, 2015 3:51 am
Forum: Personal Finance (Not Investing)
Topic: Baby on the way - can we afford to buy a house?
Replies: 18
Views: 2633

Re: Baby on the way - can we afford to buy a house?

-Enough space for us and the baby for at least a few years, and probably also second kiddo who we hope will come along soon after - The nytimes buy/rent calculator says we're better off buying unless we can rent for under $2,200 (assuming house prices rise at the rate of inflation and we stay for f...
by wilked
Fri Jun 12, 2015 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on 401k loan for home purchase?
Replies: 29
Views: 2406

Re: Thoughts on 401k loan for home purchase?

I personally don't mind a 401k loan for home so long as it is short-term (< 6 months), you have near-certain money coming back to pay it off, and you are committed.

That said, renting would be more conservative and probably a little smarter. Just a matter of how much risk you want to take
by wilked
Tue Jun 02, 2015 10:27 am
Forum: Personal Consumer Issues
Topic: Another "should I buy this condo" post
Replies: 9
Views: 1300

Re: Another "should I buy this condo" post

One factor is my long distance girlfriend (long story), who is likely to move here in the next year. She would be uncomfortable in my current place, and feels like the condo would be enough for us to get by. To be clear, she would be uncomfortable in your 1 BR place, but would get by in the 1 BR co...
by wilked
Mon May 11, 2015 12:40 pm
Forum: Personal Consumer Issues
Topic: Mechanics fails to fix problem
Replies: 17
Views: 1535

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: 2845

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: 2845

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: 2845

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: 2441

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: 2845

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: 3085

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: 2558

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: 2845

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: 2845

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: 2877

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: 1675

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: 1675

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: 2877

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: 1675

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: 1004

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: 1501

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: 2015

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: 2015

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: 2015

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: 2015

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: 2015

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: 2015

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: 2495

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: 3383

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: 3383

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: 309

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: 2173

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: 309

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: 12645

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. ...

Go to advanced search