Search found 9257 matches

by Watty
Fri Dec 09, 2016 10:19 am
Forum: Investing - Help with Personal Investments
Topic: 15-20% To Retire, or Setting an Exact Number
Replies: 24
Views: 3033

Re: 15-20% To Retire, or Setting an Exact Number

It will likely make sense to save different amounts at different times. Watty, I am not disagreeing with you. But, why not stick to a very simple approach? Save a percentage of your gross income. It will achieve the goal of saving more or less depending on your current income. KlangFool Two big pro...
by Watty
Fri Dec 09, 2016 1:21 am
Forum: Investing - Help with Personal Investments
Topic: Where does Gold fit in passive investing
Replies: 18
Views: 1265

Re: Where does Gold fit in passive investing

I treat is exactly like I would like my other commodity (frozen orange juice).... +1 With normal index funds you have a lot of exposure to oil companies, and a few other commodity related companies, so that if there is some sort of melt down and commodities soar then you will have some commodity ex...
by Watty
Fri Dec 09, 2016 12:50 am
Forum: Investing - Help with Personal Investments
Topic: Schwab retirement quote on 4 mil. Advice??? Can I do better?
Replies: 11
Views: 2022

Re: Schwab retirement quote on 4 mil. Advice??? Can I do better?

Assuming for the sake of argument that the 5.1% return is correct (it's at least a plausible long-run figure), that fee would be about 14% of your returns. How happy would you be if Uncle Sam raised your tax rate by 14%? That 5.1% is likely the investment return but the safe withdrawal rate would l...
by Watty
Fri Dec 09, 2016 12:25 am
Forum: Investing - Help with Personal Investments
Topic: The Three-Fund Portfolio [Help with portfolio allocations]
Replies: 4
Views: 344

Re: The Three-Fund Portfolio [Help with portfolio allocations]

Please help me get to the right allocation. In other words, what percent do I need in each fund and in which account? You don't need to put them in each account. You would look at all the accounts combined to then figure out which account is the most tax efficient account for that asset class. For ...
by Watty
Thu Dec 08, 2016 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: 15-20% To Retire, or Setting an Exact Number
Replies: 24
Views: 3033

Re: 15-20% To Retire, or Setting an Exact Number

It will likely make sense to save different amounts at different times. I went for a long time where I committed to myself to save half of any future raise to saving. For example if I got a 6% raise I would increase my 401k contributions by 3%. I was pretty much able to stick with that and for a whi...
by Watty
Thu Dec 08, 2016 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Using part of taxable account for home down payment
Replies: 3
Views: 409

Re: Using part of taxable account for home down payment

If you aren't planning to buy the house until 2017, and you will have to sell for gains which exceed your losses, sell the shares for a loss in 2016, and wait until 2017 to sell shares for a gain. The advantage of doing this is that you will be able to deduct $3000 of your capital loss against ordi...
by Watty
Thu Dec 08, 2016 10:38 pm
Forum: Personal Consumer Issues
Topic: Where To Shop For Used Cars?
Replies: 19
Views: 1192

Re: Where To Shop For Used Cars?

You can also check out rental car sales. I had good luck with buying a Hertz rental car. There have been threads about this that talk about the pros and cons. I have not done it but there are apparently web sites where people list leased cars that they need someone to take over the lease. At the end...
by Watty
Thu Dec 08, 2016 3:29 pm
Forum: Personal Consumer Issues
Topic: New Home Purchase - Property Boundary
Replies: 12
Views: 787

Re: New Home Purchase - Property Boundary

One big problem is setbacks and zoning. It is not unusual for there to be something like a 10 foot setback from the property line where you cannot build. Another possible problem is the zoning might specify a minimum lot size. If your house burns down and you need to get permits to rebuild then your...
by Watty
Thu Dec 08, 2016 3:20 pm
Forum: Personal Consumer Issues
Topic: Frying pan recommendations
Replies: 43
Views: 1778

Re: Frying pan recommendations

Just FYI, There is a company that did a kickstarter drive to start making new "old style" lighter weight smoother quality cast iron cookware. I have not seen any reviews of their product yet and it looks like they are just now shipping to the people that funded them through kickstarter. (I...
by Watty
Thu Dec 08, 2016 9:48 am
Forum: Investing - Theory, News & General
Topic: Where/How to research past pension cuts
Replies: 11
Views: 757

Re: Where/How to research past pension cuts

You need to distinguish between pension cuts and pension freezes. Pension cuts where people lose benefits they have already accrued is usually part of something like a bankruptcy and pretty uncommon. In the private sector pension freezes are very common and a way that many companies have ended pensi...
by Watty
Thu Dec 08, 2016 12:36 am
Forum: Personal Consumer Issues
Topic: Should I go for the 2K+ flying squirrel solution?
Replies: 31
Views: 2324

Re: Should I go for the 2K+ flying squirrel solution?

One thing to be careful about is getting a clear understanding of what the repair will look like when it is done. I have heard of companies like that nailing sheets of metal over the entrance holes and it looked terrible. After they repair the area may need to be repainted which may not be included ...
by Watty
Thu Dec 08, 2016 12:14 am
Forum: Personal Consumer Issues
Topic: Eclipse viewing
Replies: 34
Views: 1618

Re: Eclipse viewing

I live in Las Vegas. What do you think is a better place to view. Oregon or Idaho. Not sure what the weather is like there. Too bad its not here in Vegas. We have 24/7 sun with no clouds lol I used to live in Oregon. Eastern Oregon is mostly high desert so it would be better than around Salem Orego...
by Watty
Wed Dec 07, 2016 11:51 pm
Forum: Personal Consumer Issues
Topic: Eclipse viewing
Replies: 34
Views: 1618

Re: Eclipse viewing

Does anyone already know which locations (appropriate portions of states?) have better histories of clear skies in mid/late august? This chart might give an idea of where your best chances are - looks like Columbia Basin or Snake River would be the best bet. I have reservations near Nashville which...
by Watty
Wed Dec 07, 2016 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Where to move to for lowest health care costs (for nomad types)
Replies: 22
Views: 1670

Re: Where to move to for lowest health care costs (for nomad types)

I'm posting this to see if anyone has moved or considered moving to another state in order to lower their health insurance or health care costs, or just get better health care. Before the affordable care act I looked and there were several states including Hawaii that had health plans where someone...
by Watty
Wed Dec 07, 2016 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 69
Views: 5480

Re: Retiring in a Decade after Graduation

My dream is to retire in a decade or less and then move to Japan and teach english since I have my bachelors degree. A couple of ideas. Why not find an engineering job in Japan now? The companies in Japan that sell things to, or buy things from the US and other English speaking companies may have a...
by Watty
Wed Dec 07, 2016 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 69
Views: 5480

Re: Retiring in a Decade after Graduation

I am a recent graduate with a degree in mechanical engineering. I am also highly interested in retiring early so I can pursue things that really matter to me. I would have a hard time figuring out anything that would matter a lot to someone that would not somehow have a niche that could work with m...
by Watty
Wed Dec 07, 2016 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 69
Views: 5480

Re: Retiring in a Decade after Graduation

I am a recent graduate with a degree in mechanical engineering. I am also highly interested in retiring early so I can pursue things that really matter to me. I would have a hard time figuring out anything that would matter a lot to someone that would not somehow have a niche that could work with m...
by Watty
Wed Dec 07, 2016 10:56 am
Forum: Investing - Help with Personal Investments
Topic: What happens to my ROTH IRA with Betterment when my green card expires?
Replies: 11
Views: 1084

Re: What happens to my ROTH IRA with Betterment when my green card expires?

There can also be issues with state tax laws. Some states are aggressive about claiming you still need to pay state taxes when you move out of the US just because it was your last residence or you have a post office box there. I have recently opened a ROTH IRA with BETTERMENT and have yet to make co...
by Watty
Wed Dec 07, 2016 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Need advice on how to go about selling my mom's house
Replies: 37
Views: 2197

Re: Need advice on how to go about selling my mom's house

I've had two reputable agents looked at it. One wanted to make an offer himself. There are some real ethical concerns about a real estate agent wanting to buy a house when you are talking with them about listing it for sale. The problem is that they would have big conflict of interest with the goal...
by Watty
Wed Dec 07, 2016 1:30 am
Forum: Personal Finance (Not Investing)
Topic: Need advice on how to go about selling my mom's house
Replies: 37
Views: 2197

Re: Need advice on how to go about selling my mom's house

Just a quick update. I've met with 4 different investors/agents/flippers/wholesalers today and actually got multiple offers we do like. I would just go with a cash buyer, or one that has their own financing, and skip all the mortgage assumption nonsense. Usually when something is too complex to eas...
by Watty
Wed Dec 07, 2016 1:00 am
Forum: Personal Finance (Not Investing)
Topic: want to buy property, abandoned trailer on it
Replies: 39
Views: 2411

Re: want to buy property, abandoned trailer on it

If there are electric lines then do not assume that they are dead even if the power is turned off. They could be turned off at the meter but the line coming in from the street could still be live and dangerous. It sounds unlikely but there could even be buried electric lines. If it is a trailer and ...
by Watty
Wed Dec 07, 2016 12:46 am
Forum: Investing - Help with Personal Investments
Topic: 55 y/o with 850k portfolio looking for balance
Replies: 6
Views: 1547

Re: 55 y/o with 850k portfolio looking for balance

You will be better responses if you post more of your information using this suggested format as a guideline, but it doesn't have to follow it exactly.

viewtopic.php?f=1&t=6212
by Watty
Wed Dec 07, 2016 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Hidden Costs of potential new job
Replies: 9
Views: 1300

Re: Hidden Costs of potential new job

For sure I know I will be adding full time childcare for 2 (age 3 and 1) and potentially before and after school for 4 school age ($20,000). For the school age kids an issue will be finding day care during school holidays and the summer. If you will be driving a snowplow for long days when there is...
by Watty
Wed Dec 07, 2016 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Trying to get a week on the beach with Credit Card Points -- Mariott Rewards Premier Credit Card(s) or other cards?
Replies: 15
Views: 933

Re: Trying to get a week on the beach with Credit Card Points -- Mariott Rewards Premier Credit Card(s) or other cards?

It would be good to check to see if there is a fee or limit for transferring that many points to your spouses account.
by Watty
Wed Dec 07, 2016 12:09 am
Forum: Investing - Help with Personal Investments
Topic: American Funds: You can beat the Index
Replies: 23
Views: 3020

Re: American Funds: You can beat the Index

Whatever your view on the active vs. index funds debate, the following is indisputable: A group of actively managed funds we call Select Active funds has, on average, consistently topped the indexes over a range of time periods — from one to 10 years. The big problem with that statement is that the...
by Watty
Tue Dec 06, 2016 11:32 pm
Forum: Personal Consumer Issues
Topic: Eclipse viewing
Replies: 34
Views: 1618

Re: Eclipse viewing

After seeing this thread I went on an ordered some eclipse viewing filters to use as stocking stuffers for Christmas.

If you search Amazon for "eclipse viewing" or "eclipse glasses" you will find lots of them.
by Watty
Tue Dec 06, 2016 4:22 pm
Forum: Personal Consumer Issues
Topic: Eclipse viewing
Replies: 34
Views: 1618

Re: Eclipse viewing

Here is a prior thread about the eclipse.

viewtopic.php?f=11&t=198112&hilit=eclipse

If you miss this one there will be another good one in the US in April of 2024.

Image
by Watty
Tue Dec 06, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Employer behind on pay; how much liquid EF is reasonable?
Replies: 31
Views: 1217

Re: Employer behind on pay; how much liquid EF is reasonable?

It is time to start looking for another job. That ship is sinking. If the company does fail then it could take six months or more to find another job and he might have to take an undesirable lower paying job because getting good job offers when you are out of work is much harder. That could cost him...
by Watty
Tue Dec 06, 2016 12:21 pm
Forum: Personal Consumer Issues
Topic: Computer hacked. Next?
Replies: 15
Views: 1624

Re: Computer hacked. Next?

While you are figuring out what to do she should use a different computer to change all of her passwords on all her online accounts. Even if she has not signoned on to one of those accounts since the problems they could possibly use the "reset the password" feature to rest the password by ...
by Watty
Tue Dec 06, 2016 12:02 pm
Forum: Personal Consumer Issues
Topic: Flying Across Atlantic with 98th Percentile 18-Month Child
Replies: 114
Views: 5970

Re: Flying Across Atlantic with 98th Percentile 18-Month Child

One other thing, I went to Spain last May/June from Atlanta. We flew into Barcelona which was a direct flight and returned from Malaga which had a connection in Paris. That is real popular time to go to Spain because it has not gotten too hot yet. I don't recall there being any empty seats on any of...
by Watty
Tue Dec 06, 2016 11:34 am
Forum: Personal Finance (Not Investing)
Topic: simulating wealth building effects of home ownership
Replies: 39
Views: 2463

Re: simulating wealth building effects of home ownership

There are three main reasons that owning a home works out well for many, but not all people. 1) With a 20% down payment you are using 400% leverage so that any gain in home price, even if it is just inflation, will be greatly magnified. That also works the other way and any drop will also be magnifi...
by Watty
Tue Dec 06, 2016 12:52 am
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk. Using puts to hedge.
Replies: 26
Views: 1611

Re: Sequence of returns risk. Using puts to hedge.

One thing I was running the math on last night was potentially buying long term (LEAPS) puts against the S&P. One problem is that a large percentage of your portfolio will be in bonds and that would not hedge a bear market in bonds. You also need to consider your bond return in real inflation a...
by Watty
Tue Dec 06, 2016 12:33 am
Forum: Investing - Help with Personal Investments
Topic: Letting go is proving hard to do...
Replies: 17
Views: 3665

Re: Letting go is proving hard to do...

I retired last year and I have been making my portfolios as simple as possible so that it will be easier to manage when I am older or if my spouse need to take over some day. I don't know what the right answer is but you seem to understand the risks and be able to make a reasonable judgement call on...
by Watty
Tue Dec 06, 2016 12:15 am
Forum: Investing - Help with Personal Investments
Topic: Helping mom with retirement
Replies: 5
Views: 662

Re: Helping mom with retirement

With all those annuities it might be good to hire a FEE ONLY financial advisor to sort that out. Ask if you don't understand why most financial advisors are dangerous to use. Before she sells the NVG you should find out what the cost basis for it is and if she will have to pay a lot of capital gains...
by Watty
Mon Dec 05, 2016 11:48 pm
Forum: Personal Consumer Issues
Topic: Flying Across Atlantic with 98th Percentile 18-Month Child
Replies: 114
Views: 5970

Re: Flying Across Atlantic with 98th Percentile 18-Month Child

One concern to consider is how safe having him on your lap will be in the event of a crash or mid-air turbulence. There is also some concern that long flights are more risky for infants for other reasons. http://www.wsj.com/articles/new-study-focuses-on-in-flight-risk-to-infants-1408574702 I only fl...
by Watty
Mon Dec 05, 2016 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: RMD Dilemma
Replies: 26
Views: 2821

Re: RMD Dilemma

You really need to look at this as part of a professional estate plan since you will likely be above the estate tax exemption especially if your funds are invested a couple of more decades before they go to your estate. In addition to the cost of the taxes on the RMD you also have to consider what y...
by Watty
Mon Dec 05, 2016 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Invest all or dollar cost average
Replies: 8
Views: 637

Re: Invest all or dollar cost average

A reasonable compromise would be to invest half as a lump sum and dollar cost average the rest. You also need to consider where the money came from. Sometimes people will post about situations like "I just rolled my 401k into an IRA. Should I invest it as a lump sum?" In a case like that i...
by Watty
Mon Dec 05, 2016 12:42 pm
Forum: Investing - Theory, News & General
Topic: Trying to fund retirement in late 20s.
Replies: 13
Views: 1228

Re: Trying to fund retirement in late 20s.

There are severalthings you are missing in your plan. 1) Either or both of you will likely have jobs with a 401k match and you will want to contribute at least enough to the 401k to get the match. For example before I retired I had a 401k where the company would match half of a 6% contribution, whic...
by Watty
Mon Dec 05, 2016 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Dad would like to loan 500k/questions
Replies: 7
Views: 1410

Re: Dad would like to loan 500k/questions

Unless your Dad has several million dollars and can afford to lose the money then I would suggest that you not borrow the money from him because he might not be diversified enough. There could be a fair amount of risk in buying the practice so you may not want your Dad to be involved with it. If you...
by Watty
Mon Dec 05, 2016 10:22 am
Forum: Investing - Theory, News & General
Topic: Retirees and risk-taking
Replies: 11
Views: 1240

Re: Retirees and risk-taking

I believe there's a general sentiment that retirees are risk-averse. Among those of you who are retired, what is the biggest investment risk you've taken since you've retired from work. By that I mean where you really felt uncomfortable making that decision. Since I retired last year I have moved m...
by Watty
Mon Dec 05, 2016 9:50 am
Forum: Investing - Help with Personal Investments
Topic: $100,000 to invest; pay-off 2nd mortgage or invest all?
Replies: 38
Views: 2853

Re: $100,000 to invest; pay-off 2nd mortgage or invest all?

My dad will think I am crazy, but I am more conservative than him (he loves the casino, but often wins, I do not gamble). A common problem with investing, and gambling, is that people don't keep good records and they often don't really know how they are doing overall since there memory skews their ...
by Watty
Mon Dec 05, 2016 12:39 am
Forum: Investing - Help with Personal Investments
Topic: $100,000 to invest; pay-off 2nd mortgage or invest all?
Replies: 38
Views: 2853

Re: $100,000 to invest; pay-off 2nd mortgage or invest all?

One other thing. At 56 if you invest with anywhere near the old saying "your age bonds" then if you invest then money about half of it would go into bonds. If you invest the entire $100k in stock instead of 50/50 stocks and bonds you have underweighted the bonds by $50K. It is far from exa...
by Watty
Mon Dec 05, 2016 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance Since Birth - What to do with it now?
Replies: 9
Views: 933

Re: Universal Life Insurance Since Birth - What to do with it now?

Since your parents purchased for you I see this kind of life insurance (whole life and its clones) as a sort of cultural baggage,it was the thing to do for my family and parents, who did not know about buying mutual funds,stocks or investments other than passbook bank accounts,silver and gold coins...
by Watty
Mon Dec 05, 2016 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Late 20's Overseas American Couple, how can we invest for retirement?
Replies: 5
Views: 617

Re: Late 20's Overseas American Couple, how can we invest for retirement?

In setting up your accounts one thing to consider the inheritance laws and taxes in case one of you get hit by the proverbial Mack truck. They may be much different than US laws and the estate and inheritance taxes could be high. You may need to have both a local and US will since one country may no...
by Watty
Sun Dec 04, 2016 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: $100,000 to invest; pay-off 2nd mortgage or invest all?
Replies: 38
Views: 2853

Re: $100,000 to invest; pay-off 2nd mortgage or invest all?

I might have missed it but I didn't see any mention of sequence of returns risk. Here is the example I have given when this has come up before and I happened to use $100K in the example.  If you do not pay it off then you will have more sequence of returns risk. For example in rough numbers if you j...
by Watty
Sun Dec 04, 2016 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: buying land without realtor- advice
Replies: 20
Views: 1465

Re: buying land without realtor- advice

Probably best to find a local attorney that is familiar with this. +1 Preferably a lawyer that does a lot of work with real estate law since they will know the local issues. If you know a real estate agent they can likely give you the name of a good lawyer to use for this. Depending on your state l...
by Watty
Sun Dec 04, 2016 8:36 pm
Forum: Personal Consumer Issues
Topic: Relocation to Asheville, NC
Replies: 14
Views: 1675

Re: Relocation to Asheville, NC

With any big move like that it would be good to rent a year before buying a home to learn the area better and decide if it is right for you. That is a popular retirement area and many people from farther north try retiring in Florida and decide that is not right for them. Many end up moving to North...
by Watty
Sun Dec 04, 2016 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like I'm spending more even though I'm saving more
Replies: 39
Views: 3589

Re: Feel like I'm spending more even though I'm saving more

You max tax advantaged accounts (pay yourself first), you pay the bills, you make sure you're fed, and you still save extra in a couple buckets... I'd say you're doing just fine! :beer +1 One thing you might want to add to your budget though is to save some each month so that you will have enough t...
by Watty
Sun Dec 04, 2016 1:37 am
Forum: Personal Consumer Issues
Topic: Martinique
Replies: 7
Views: 920

Re: Martinique

Even if you don't expect to have kids I would also research what the situation with Zika since there can be other complications with that. A quick search found this. Sitting at the top of the list is the French Caribbean island of Martinique with a whopping 33,900 suspected cases reported, as of wee...
by Watty
Sun Dec 04, 2016 1:08 am
Forum: Investing - Help with Personal Investments
Topic: $1M Investment Portfolio for Parents
Replies: 8
Views: 1626

Re: $1M Investment Portfolio for Parents

Vanguard and other companies have tax managed funds like this one. https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=0103 With their income and assets they really need to have professional estate, tax, and financial planning. Ask if you don't understand why and financial plan...

Go to advanced search