Search found 7016 matches

by Watty
Fri Feb 05, 2016 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 38
Views: 3385

Re: I Lost My FInancial Brain - Please Help

No, I do not get 2.8 in the end, I get 4%, they get 1.2 - the product must generate 5.2 total - at least that is how I understood it (if I have $100K invested, I thought it meant I get $4000 return, they get $1200, and I still have the initial $100K, not $100K minus $1200 - but I am clueless about ...
by Watty
Fri Feb 05, 2016 9:24 am
Forum: Personal Consumer Issues
Topic: Purchasing Business Class Tickets
Replies: 33
Views: 2374

Re: Purchasing Business Class Tickets

Flying from Atlanta can be expensive if Delta is the only company that flies that route. I was looking at similar flights this spring and one of the problems is that not many companies have direct flights to Lisbon. One alternative to Lisbon to look at is to fly one leg of the trip from or to Malaga...
by Watty
Fri Feb 05, 2016 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Need advice - 1st time investor
Replies: 7
Views: 451

Re: Need advice - 1st time investor

Here are a few wikis that you should read. https://www.bogleheads.org/wiki/Managing_a_windfall https://www.bogleheads.org/wiki/Getting_started The Boglehead books are also a good first investing resource, your local library may have them. http://www.amazon.com/s/?search-alias=aps&tag=bogleheads....
by Watty
Thu Feb 04, 2016 11:28 pm
Forum: Investing - Theory, News & General
Topic: Take the Verb Tense Pledge!
Replies: 69
Views: 3516

Re: Take the Verb Tense Pledge!

It would also be good to pledge not to correct people's grammar if you can understand what they mean. Some people that post here do not speak English as their first language, and there are some posters that need help that don't have a lot of education. Even if you are not correcting their grammar, s...
by Watty
Thu Feb 04, 2016 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 38
Views: 3385

Re: I Lost My FInancial Brain - Please Help

Sorry to hear about your loss, but I am glad that you were able to avoid the "sharks". It is amazing just how bad they can be and the things they can do. If you find that you do need help then, in addition to asking here, Vanguard does provide financial advisors for a lower fee than most p...
by Watty
Thu Feb 04, 2016 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC or Buy Next Car
Replies: 10
Views: 708

Re: HELOC or Buy Next Car

opriskguy wrote:Income wise we are great and north of 300K per year.


I would just save of several tens of thousands of dollars in a taxable account and then decide what to do. With your income you really should not be needing to juggle a home equity loan can buying a car unless there is something else going on.
by Watty
Thu Feb 04, 2016 6:58 pm
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 83
Views: 3674

Re: Sibling's destination wedding?

I wonder why people choose to have expensive far-flung wedding destinations? Is it to allow the couple to deeply cull the guest list? That is often the reason and I have even heard of people panicking when too many people decided to go actually go to the wedding. One problem with going by yourself ...
by Watty
Thu Feb 04, 2016 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of early retirement on Social Security
Replies: 5
Views: 464

Re: Impact of early retirement on Social Security

I didn't check but doesn't the Retirement estimator on the SS web site allow you to specify when you stop working? If not you can download their AnyPia software and do the detailed calculations. You would of course want to look at your specifics but if you have 35 years of anywhere near similar inco...
by Watty
Thu Feb 04, 2016 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Nearing retirement but annual contribution still very significant
Replies: 39
Views: 2953

Re: Nearing retirement but annual contribution still very significant

That said; The way that I looked at this was that if I worked another year and ended up with an extra $100,000 in my retirment accounts(compared to if I had taken withdrawals for a year) then at a 4% safe withdrawal rate I would have an extra $4,000 a year in retirment income, but only net around $...
by Watty
Thu Feb 04, 2016 9:45 am
Forum: Personal Finance (Not Investing)
Topic: 45% of Income On Rent
Replies: 39
Views: 2528

Re: 45% of Income On Rent

Spewin wrote:Can you find another roommate?


+1

If not the even a one bedroom is too expensive over the long term and you should move to someplace less expensive when your lease expires in August.
by Watty
Wed Feb 03, 2016 12:20 pm
Forum: Personal Consumer Issues
Topic: How to stop MS loading Windows 10?
Replies: 32
Views: 2443

Re: How to stop MS loading Windows 10?

Wow, more problems! For 7 years we are running happily a DELL desktop computer with Intel Core 2 w/Quad Core, etc., but with Vista. So I read at MS that loading Windows 7 would be not difficult. Elsewhere I read that Windows 7 would last perhaps another 4 years, and then we have to buy a new comput...
by Watty
Wed Feb 03, 2016 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over a pension cash payout to Roth IRA?
Replies: 4
Views: 286

Re: Rolling over a pension cash payout to Roth IRA?

Have you called Vanguard (or whoever the Roth is with) to ask them?
by Watty
Wed Feb 03, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: What do you pay per year for daycare?
Replies: 33
Views: 1202

Re: What do you pay per year for daycare?

It's absurd that there aren't better tax deductions for this. We're fortunate to have employer FSA's, but even that caps at $5,000. That doesn't even consider half of the cost. For your typical family, the tax code obviously encourages one parent to leave the labor force. We're doing just fine fina...
by Watty
Wed Feb 03, 2016 11:27 am
Forum: Investing - Theory, News & General
Topic: "Money in the stock market isn't real money"
Replies: 55
Views: 4937

Re: "Money in the stock market isn't real money"

"Money in the stock market isn't real money" - I've seen this written quite a few times in threads on other sites. The idea seems to be that once you invest your money, it's notional or virtual money and somehow less real than cash. I cannot agree with that idea (it sounds like nonsense t...
by Watty
Wed Feb 03, 2016 11:18 am
Forum: Personal Consumer Issues
Topic: How to stop MS loading Windows 10?
Replies: 32
Views: 2443

Re: How to stop MS loading Windows 10?

I would think Windows 10 would be a desirable improvement over Windows 7, especially as a zero-cost upgrade. Is my assumption incorrect? For many people it gives them no benefit and in some cases trying to do the update will cause problems. The big problem is not deciding to get it or not it is tha...
by Watty
Tue Feb 02, 2016 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: What age did you retire
Replies: 84
Views: 6308

Re: What age did you retire

Many people have their ages listed in the Rollcall for 2015 thread.

viewtopic.php?f=9&t=150114&start=200
by Watty
Tue Feb 02, 2016 10:07 pm
Forum: Personal Consumer Issues
Topic: How to stop MS loading Windows 10?
Replies: 32
Views: 2443

Re: How to stop MS loading Windows 10?

There are three updates that you need to uninstall and then hide.

I followed the instructions here a few weeks ago and so far it has not come back.

http://www.ghacks.net/2015/06/01/how-to ... f-windows/
by Watty
Tue Feb 02, 2016 8:41 pm
Forum: Personal Consumer Issues
Topic: Cost of home addition? Should I do it?
Replies: 44
Views: 2877

Re: Cost of home addition? Should I do it?

You may be adding square footage to the house but you will also be taking a big space out of your back yard so that could be an issue if you don't have a very large lot. Your current furnace and A/C might not be large enough for the addition so that will likely add to the costs so be sure that is in...
by Watty
Tue Feb 02, 2016 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Physician buying an 850k vs 1.25m house
Replies: 54
Views: 5038

Re: Physician buying an 850k vs 1.25m house

Tremendously wise advice ! Points well taken. I had initially ruled out renting as the costs of moving out of the rental (again) as well as the costs of missing out on the historically low interest rates and tax deductions did not make sense in my mind. That said, I will slow down and re-consider r...
by Watty
Tue Feb 02, 2016 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Nearing retirement but annual contribution still very significant
Replies: 39
Views: 2953

Re: Nearing retirement but annual contribution still very significant

My current estimate is that our contributions for this year will add 5%-8% to our liquid net worth. In addition to adding to your retirment funds you will have also eliminated a years worth of retirment withdrawals if you delay your retirment for one more year. That said; The way that I looked at t...
by Watty
Tue Feb 02, 2016 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Silent Investor Owed Lots of Money
Replies: 33
Views: 2346

Re: Silent Investor Owed Lots of Money

Sounds like a storyline to an episode of American Greed. +1 But with third hand information things often get garbled. Sad to say but what you FIL will may find out is that the loans were technically made to Bupkis Incorporated and not directly to his neighbor. The neighbor could have been drawing a...
by Watty
Tue Feb 02, 2016 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Physician buying an 850k vs 1.25m house
Replies: 54
Views: 5038

Re: Physician buying an 850k vs 1.25m house

"Is paying 45% of your post tax income in a mortgage too much (1.125 million mortgage = aprox 7k per month)" Yes :happy Yes x2 One reality check on this is if you will be able to afford the house and also max out all your retirment accounts. It is also 800 sq ft larger Do you actually hav...
by Watty
Tue Feb 02, 2016 4:42 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15597

Re: Unwinding day old terrible car deal for mother-in-law

If the car is a CPO (certified pre-owned) car with a Toyota Warranty then that would make sense and I don't think that there is as much risk as it might sound like. If it is not a CPO car then that would make me wonder why the didn't go through the CPO process so they could sell it for more. Paying...
by Watty
Tue Feb 02, 2016 4:29 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15597

Re: Unwinding day old terrible car deal for mother-in-law

Unless a lawyer reviews it and gives the OK then letting the car be repossessed would likely result in them coming after your MIL for not only the shortage but all sorts of legal fees, penalties, and interest. If this happens then it will be a mess for years to come and your wife would likely get a ...
by Watty
Tue Feb 02, 2016 9:00 am
Forum: Personal Finance (Not Investing)
Topic: What services oes a financial advisor/planner provide?
Replies: 8
Views: 463

Re: What value does a financial advisor/planner bring?

You need to separate out the 98% of them that are sales people from the 2% that are really financial advisors that have a fiduciary responsibility to you. Nobody needs a salesperson and using one could cost your a high percentage of your savings over the years. Most financial magazines have a confli...
by Watty
Tue Feb 02, 2016 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Friend is an Edward Jones financial advisor -- should I drop him?
Replies: 48
Views: 4731

Re: Friend is an Edward Jones financial advisor -- should I drop him?

Part of the Edward Jones business model seems to be that it is pretty easy to become a salesperson with them and that they encourage you to sign up your family and friends. After a new employee signs up any people that they know that they can, they are then depending on finding other customers to ma...
by Watty
Mon Feb 01, 2016 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: 60 Years Old - Forced to Stop Working - Need Investment Advice
Replies: 30
Views: 3527

Re: 60 Years Old - Forced to Stop Working - Need Investment Advice

It would help to know what your normal Social Security retirment benefit will be for both you and your wife at your normal full retirment ages since that will likely be the key to your long term plans. You can get that on the Social Security web site. If you can also mention your wife's age that wou...
by Watty
Mon Feb 01, 2016 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody budget for daycare like it is college?
Replies: 54
Views: 3234

Re: Anybody budget for daycare like it is college?

I didn't look at it that way, day care is a cost to allow you to work so it is more like commuting costs or taxes that is subtracted out of your gross pay to get your net pay. If daycare costs $2,300 a month and you normally net $4,000 a month then that means that in effect you will only be netting ...
by Watty
Mon Feb 01, 2016 7:52 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15597

Re: Unwinding day old terrible car deal for mother-in-law

they are listing prices for cars rolling off leases at $14-18k....Any thoughts are appreciated. You could probably get a new base model Civic for that and not need to worry about having major car repairs before the car is paid off. At this point she doesn't have much goodwill left to worry about th...
by Watty
Mon Feb 01, 2016 7:37 pm
Forum: Investing - Help with Personal Investments
Topic: How does one transfer US savings into a foreign currency
Replies: 34
Views: 1978

Re: How does one transfer US savings into a foreign currency

Could you buy Aussie government bonds? Not sure. Is there a correlation between the Australian Dollar and the Aussie Government Bonds? Might be obvious to veteran BHs, but not to me. If you buy a $1000 Australian bond that matures in 12 months then you would get paid in Australian dollars when it m...
by Watty
Mon Feb 01, 2016 1:24 pm
Forum: Personal Consumer Issues
Topic: Where to Stay in San Francisco?
Replies: 37
Views: 2424

Re: Where to Stay in San Francisco?

SF is a pretty small land area so it's hard to go too wrong no matter where you stay. I generally stay in the Union Square area. It is centrally located and there are many small and large hotels to pick from. I would strongly suggest not bringing a vehicle into the city. You will pay dearly for par...
by Watty
Mon Feb 01, 2016 12:50 pm
Forum: Personal Consumer Issues
Topic: Buy a bigger vehicle to grow into?
Replies: 28
Views: 1589

Re: Buy a bigger vehicle to grow into?

Do you have two cars? If so then the other car will probably be due to be replaced by the time kid number 2 comes around and you can get a huge car if you want one then. By the time the car is 10+ years old the person driving with the kids will probably use the newer and more reliable car anyway. I ...
by Watty
Mon Feb 01, 2016 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Please advise re. Roth vs Trad for my 2015 tax year
Replies: 14
Views: 884

Re: Please advise re. Roth vs Trad for my 2015 tax year

The OP may or may not be able to make a 2015 deductible IRA contribution because of their income. https://www.irs.gov/Retirement-Plans/IRA-Deduction-Limits It will probably be close because the numbers that determine this are after a lot of payroll deductions. Their modified adjusted gross income nu...
by Watty
Mon Feb 01, 2016 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Please advise re. Roth vs Trad for my 2015 tax year
Replies: 14
Views: 884

Re: Please advise re. Roth vs Trad for my 2015 tax year

There is a wiki on deciding which to use. https://www.bogleheads.org/wiki/Traditional_versus_Roth In a combined 30% tax bracket it would take a very compelling situation to make the Roth a better choice. I've read the wiki and I'm aware of all of the data points out there, I'm just having trouble f...
by Watty
Mon Feb 01, 2016 9:50 am
Forum: Investing - Help with Personal Investments
Topic: How to invest for disabled relative?
Replies: 9
Views: 467

Re: How to invest for disabled relative?

It seems that, financially anyway, John has "won the game," so I would be inclined to be conservative and tend toward treasuries, CD's, TIPS and the like. More like looking extremely good than a slam dunk win. A 30 year safe withdrawal rate with a typical stock and bond asset allocation i...
by Watty
Sun Jan 31, 2016 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Please advise re. Roth vs Trad for my 2015 tax year
Replies: 14
Views: 884

Re: Please advise re. Roth vs Trad for my 2015 tax year

There is a wiki on deciding which to use.

https://www.bogleheads.org/wiki/Traditional_versus_Roth

In a combined 30% tax bracket it would take a very compelling situation to make the Roth a better choice.
by Watty
Sun Jan 31, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: My life changed - Should I Refinance Now?
Replies: 14
Views: 2425

Re: My life changed - Should I Refinance Now?

We are planning to make some improvements on the house in the next 3-5 years. Estimate was $75,000 (I am sure it will be more than this given what I have heard about remodels). I would vote for "none of the above" and just move to a house that does not need extensive remodeling. You could...
by Watty
Sun Jan 31, 2016 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 1655

Re: Newly retired and need help

Debt - Mortgage $35,298 at 2.75%, resets in July 2016 HELOC $28,470 at 4.75% variable If you start investing with anywhere near the old saying of "your age in bonds" then your portfolio would have in the ballpark of 60% of the money invested in bonds that are paying lower interest rates. ...
by Watty
Sat Jan 30, 2016 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: RMD (Required minimum distributions)
Replies: 17
Views: 1469

Re: RMD (Required minimum distributions)

I'm not sure of what your concern is. When RMDs are required you can always take out more than the RMD. Conversely, if the RMD is more than what you need for expenses you can always put it into a taxable account. There may be a reason that one would want to reduce contributions to a tax deferred ac...
by Watty
Sat Jan 30, 2016 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Advice For 18yo
Replies: 37
Views: 1660

Re: IRA Advice For 18yo

Hi, I just wanted to point out one advantage of Roth accounts that you might not know about. With a Roth you can always withdraw your contribution(but not earnings) without paying taxes or a penalty. You normally really would not want to do this since that could leave you short of money in retirment...
by Watty
Sat Jan 30, 2016 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning advice?
Replies: 28
Views: 2918

Re: Estate planning advice?

I was wondering what type of professional my mother should go to for more complex estate planning purposes. We just discussed everything with the estate lawyer, but honestly did not have clear direction on what we should do. I don't know much about estate tax laws but I would shop for a new estate ...
by Watty
Sat Jan 30, 2016 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: RMD (Required minimum distributions)
Replies: 17
Views: 1469

Re: RMD (Required minimum distributions)

Your annual RMD percentages is not as large as you might think. For example, at age 71, the RMD is 3.77% of the IRA value (shortened to 2 decimal places). AT 75, it is 4.37%. At 80, it is 5.34%. At 85, it is 6.78% at at 90, it is 8.77% In the meantime, what you don't take out is continuing to grow ...
by Watty
Sat Jan 30, 2016 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Public school or private school (with school data)
Replies: 80
Views: 4136

Re: Public school or private school (with school data)

Looking at the percent of students that go to the " top 25 liberal arts colleges" makes no sense because the selection of colleges often depends on what the parents can afford to pay, or the public school kids may be more career motivated and decide to go to strong science and engineering ...
by Watty
Sat Jan 30, 2016 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement - Ten key years + Summary
Replies: 63
Views: 9702

Re: Retirement - Ten key years

There is a wiki on important retirment planning dates that might be of use.

https://www.bogleheads.org/wiki/Checkli ... ment_dates
by Watty
Sat Jan 30, 2016 4:20 pm
Forum: Personal Consumer Issues
Topic: Unwinding day old terrible car deal for mother-in-law
Replies: 186
Views: 15597

Re: Unwinding day old terrible car deal for mother-in-law

If you go into the dealership in person you will likely have a lot better luck. One time I was in a dealership and we had a deal worked out then at the last minute they pointed out a "math error" of about a hundred dollars so they wanted to raise the price by that much. When I stood up and...
by Watty
Sat Jan 30, 2016 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for Dad.....
Replies: 10
Views: 1321

Re: Plan for Dad.....

A few links that might help https://www.bogleheads.org/wiki/Getting_started The book the Bogleheads Guide to Retirment Planning would be a good place to start too, your local library might have it. http://www.amazon.com/s/?search-alias=aps&tag=bogleheads.org-20&field-keywords=Bogleheads Figu...
by Watty
Sat Jan 30, 2016 11:23 am
Forum: Personal Finance (Not Investing)
Topic: I got let go yesterday
Replies: 40
Views: 6227

Re: I got let go yesterday

This sounds more like the company failed you rather than you failing them. They knew full well you had a learning curve to get up. For them to cut you loose after less than 6 months reflects poorly on them, not you. Most new employees take a year to really start adding value to the organization. +1...
by Watty
Fri Jan 29, 2016 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for prep for house sale?
Replies: 14
Views: 1440

Re: How to pay for prep for house sale?

How much work to do really depends on your local housing marking but you will rarely get your money back on any improvements. Doing things like putting in cheap carpets or light fixtures in a midrange or higher house might even make the house harder to sell. Fixing things that are broken it a bit di...
by Watty
Fri Jan 29, 2016 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: son just starting out
Replies: 19
Views: 1432

Re: son just starting out

A Target Retirement date fund seems appropriate. Very simple and he can continue to put 100% of contributions in. +1 The target date 2060 fund is 90% stocks and includes international stocks. Having 10% in bonds would make very little difference in the overall return compared to 100% stocks because...
by Watty
Fri Jan 29, 2016 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: New Principal Financial Group 401k
Replies: 15
Views: 983

Re: New Principal Financial Group 401k

I had a Principal 401k before I retired and moved the money to Vanguard. I was not in it but they had a Real Estate fund that was set up to look and like a REIT but in the financial crisis of 2008 they froze withdrawals from that fund. The fund owned individual buildings and they were running out of...

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