Search found 10075 matches

by Watty
Thu Mar 23, 2017 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Advice for new situation
Replies: 8
Views: 580

Re: Advice for new situation

You would need to crunch the numbers but compared to your old jobs $5,000 a year 401k match the value of the pension plan is likely not dramatically different. For example if you saved and invested $5,000 a year for 25 years then you might have enough to buy a similar immediate annuity. I would keep...
by Watty
Wed Mar 22, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Administration of relative's estate
Replies: 12
Views: 857

Re: Administration of relative's estate

You might be able to get some information about what happened from the county corner and they might be able to tell you who arranged for the funeral. You can also try calling that person's phone number. There is a remote possibility that the letter was returned by mistake. If someone is handling the...
by Watty
Wed Mar 22, 2017 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Best way and pace to shift AA?
Replies: 14
Views: 584

Re: Best way and pace to shift AA?

I should have done this gradually a few years ago – but illness, death of both my parents, then his, - basically life was overwhelming. The best I could do was to just keep saving/investing on auto-pilot until head was clearer. And now here I am... feeling a heightened sense of urgency to get this ...
by Watty
Wed Mar 22, 2017 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Best way and pace to shift AA?
Replies: 14
Views: 584

Re: Best way and pace to shift AA?

It is a relatively small step but one thing to do would be to change any stock mutual funds in your taxable account to not automatically reinvest dividends and capital gains distributions. When looking at the capital gains taxes for selling the stocks it is important to figure out if not selling som...
by Watty
Wed Mar 22, 2017 10:22 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. TIRA, am I missing something obvious?
Replies: 20
Views: 799

Re: Roth vs. TIRA, am I missing something obvious?

There are so many unknowns and variables I don't think it is possible to model the future with any accuracy.
by Watty
Wed Mar 22, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. TIRA, am I missing something obvious?
Replies: 20
Views: 799

Re: Roth vs. TIRA, am I missing something obvious?

There is a wiki on this choice in case you have not seen it. https://www.bogleheads.org/wiki/Traditional_versus_Roth It would be good to dummy tax return to see what the exact difference is between the Roth and traditional. There can be things like the income based phase out of the child tax credit ...
by Watty
Wed Mar 22, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: How did graduating out of daycare impact your finances?
Replies: 45
Views: 3228

Re: How did graduating out of daycare impact your finances?

My wife did not have a real high paying job and wanted to be a stay at home parent anyway so when my son was small she did day care for one or two kids in our home in addition to taking care of our son. The kids were always about the same age as my son so that also gave him someone to play with. One...
by Watty
Wed Mar 22, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Friend will be laid off in a month - what should he do first?
Replies: 8
Views: 1203

Re: Friend will be laid off in a month - what should he do first?

If he has a healthcare flexible spending account then he should look at what the rules are for those when his job ends. In some situations he could lose some of that money. He might also be able to use an entire years worth of flexible spending money and not have to repay the extra back so it could ...
by Watty
Wed Mar 22, 2017 9:14 am
Forum: Personal Consumer Issues
Topic: Car Vandalism During Cross-Country Drive
Replies: 41
Views: 3128

Re: Car Vandalism During Cross-Country Drive

The simple solution is to buy a car alarm. :oops: Ot at least the dummy flashing led light and sticker that says there is a car alarm. It sounds like with your concerns that would let you sleep better at night even if there is not a huge risk. You can also set your car up to make it look like it is ...
by Watty
Tue Mar 21, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Contribute only up to employer max or should we contribute more?
Replies: 6
Views: 668

Re: Contribute only up to employer max or should we contribute more?

It wasn't clear how much of your net worth the annuity is. If it is a high percentage of your net worth then just for diversification putting money in other types of investments would be good so that you don't have all your eggs in one basket. I didn't really understand the tax situation so that cou...
by Watty
Tue Mar 21, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: What building year I should seek when shopping for a house?
Replies: 27
Views: 1598

Re: What building year I should seek when shopping for a house?

I don't think that targeting a particular age home is a good way to search for a house unless you really have a strong preference for a new home or a historic home. I would focus more on learning the different areas and schools if you have kids. Each different age home has a few pros and cons that y...
by Watty
Tue Mar 21, 2017 5:34 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate Timing Problem
Replies: 20
Views: 1542

Re: Safe Withdrawal Rate Timing Problem

The "4% rule" is more of a guideline than a firm rule.

In looking at it as a firm rule you also have to consider people that retire a year apart but in that year their portfolios go up or down by 10%. It it was a hard rule then one person would get to spend 10% more than the other
by Watty
Tue Mar 21, 2017 5:27 pm
Forum: Personal Consumer Issues
Topic: Do I need new tires?
Replies: 25
Views: 1000

Re: Do I need new tires?

Resale value is around $4,500. Not to pile on but that resale value would likely be based on the car and tire being in good condition. Your tires are not. You also have an additional factor to consider. If you are in an accident and someone is hurt or killed then having been told by your mechanic t...
by Watty
Mon Mar 20, 2017 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: How can my parents in India invest in U.S
Replies: 12
Views: 900

Re: How can my parents in India invest in U.S

Among many other problems sending a large amount of money to the US could cause major problems when they die because there is an onerous "non resident alien estate tax"(Google this) and their estate might need to go through a US court too. If they want to invest in US stocks then I would t...
by Watty
Mon Mar 20, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance Investing Advice
Replies: 8
Views: 774

Re: Inheritance Investing Advice

One issue with having worked overseas is that you may have very small Social Security benefit and it takes about ten years of working and paying into Medicare in order to get Medicare when you are 65 so it would be good to research that to see who you stand with Social Security and Medicare. You wil...
by Watty
Mon Mar 20, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: What would it take to buy a house in our neighborhood?
Replies: 20
Views: 1337

Re: What would it take to buy a house in our neighborhood?

Something I have not seen mentioned is the option of renting a more desirable place in that same neighborhood. That might cure your itch to buy something and be a better financial choice. I'm not sure how the numbers would work but you can check them here. https://www.nytimes.com/interactive/2014/up...
by Watty
Mon Mar 20, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Overextending by buying? How much house to buy?
Replies: 54
Views: 3996

Re: Advice: Overextending by buying? How much house to buy?

One thing to remember is that within a school district they will occasionally change the map of which areas feed into which school high school. This is especially true when they open a new high school.
by Watty
Mon Mar 20, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Any downside in buying a brand new house ?
Replies: 71
Views: 4357

Re: Any downside in buying a brand new house ?

New houses can have problems too either from poor quality materials, poor workmanship or building site issues. Require a home warranty from the builder, make frequent visits to the site as the house is being constructed, and do a through inspection before accepting the completed house. For big tick...
by Watty
Mon Mar 20, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Any downside in buying a brand new house ?
Replies: 71
Views: 4357

Re: Any downside in buying a brand new house ?

Having problems with water drainage will sometimes not show up for a few years when there is an unusually wet year. The new homes will likely have minimal landscaping and it will take at least ten years for the trees to grow to a decent size. The subdivision may not be completed as expected. During ...
by Watty
Mon Mar 20, 2017 10:04 am
Forum: Personal Consumer Issues
Topic: Best way to expand my vocabulary?
Replies: 79
Views: 3145

Re: Best way to expand my vocabulary?

shmidds wrote:Read books on a kindle and look up words you don't know as you read.


+1

That is what I was going to say.

At least on my version of the Kindle if you move the cursor down to the word on a page the definition of it will be displayed.
by Watty
Mon Mar 20, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: My son wants to move to Hong Kong
Replies: 34
Views: 4143

Re: My son wants to move to Hong Kong

I don't know anything about Hong Kong but you can easily Google "Hong Kong Visa" and find lots of information. Even if he can get a Visa to go there for an extended period of time the Visa it will not allow him to work there unless it is a special work visa. He may need to be able to show ...
by Watty
Mon Mar 20, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Creating a Will
Replies: 33
Views: 2119

Re: Creating a Will

I found Legal Zoom to be a good source for our last wills and other necessary power of attorney documents. We had used an attorney previously, and I liked the online process better. The online companies are fine if your estate and plans are uncomplicated. We keep copies of the will, etc., in a home...
by Watty
Mon Mar 20, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: House buying guidance with current finances
Replies: 30
Views: 2659

Re: House buying guidance with current finances

Get the new life insurance ASAP. With changing jobs your old employer life insurance will likely end on your last day of work and any new employer provided life insurance may not start for 60 or 90 days. There were be a time soon when you will have a gap and will have no life insurance. Want to upgr...
by Watty
Sun Mar 19, 2017 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead, Kids's College, & Emergency Fund Transfer
Replies: 25
Views: 1041

Re: New Boglehead, Kids's College, & Emergency Fund Transfer

One thing to be sure to look at is to see if you can get a Retirement Savings Contributions Credit by making retirement account contributions for you and your wife. This can be an IRA, Roth, 401k, etc. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-sa...
by Watty
Sun Mar 19, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on renting versus selling, in light of student loans
Replies: 5
Views: 335

Re: Advice on renting versus selling, in light of student loans

It is likely that you have capital gains in the condo and will qualify for the homeowners capital gains exclusion if you don't rent it out for more than a few years. That would allow you to sell it when you move and not pay any capital gains taxes. That alone could make selling it an easy choice. We...
by Watty
Sun Mar 19, 2017 4:11 pm
Forum: Personal Consumer Issues
Topic: Anyone taken a mid-career sabbatical?
Replies: 13
Views: 1805

Re: Anyone taken a mid-career sabbatical?

You need to define what you mean by sabbatical. Taking a six week leave of absence from your job with your employer's approval then returning to the same job is a lot different than quitting your job and traveling for a year. If you can schedule the six week sabbatical then I would encourage your to...
by Watty
Sun Mar 19, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: It's worth remembering that bull markets don't last forever
Replies: 95
Views: 6457

Re: It's worth remembering that bull markets don't last forever

The lesson is that you can't really know how to call it. So the best bet is to decide how much exposure you need and want and manage (re-balance) as necessary to deal with it. I have been re-balancing periodically back to my 40% target on the way up. I do the same on the way down again. I may go cr...
by Watty
Sun Mar 19, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: What is ideal master bedroom size?
Replies: 30
Views: 2122

Re: What is ideal master bedroom size?

It would be good to make sure that the dimensions and bathroom are wheelchair friendly since you might need that some day. Even if you don't make it fully accessible a few things like wider doors and grab rails in the shower are easy to add now but could save you a lot of trouble later. I know someo...
by Watty
Sun Mar 19, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Out of the norm all-equity portfolio to compliment pensions
Replies: 13
Views: 474

Re: Out of the norm all-equity portfolio to compliment pensions

on so I feel like this is money I can afford to be riskier with. The problem with that is that the extra risk really doesn't get you much if any extra return but it makes your portfolio a lot more volatile. You can research "Modern portfolio theory" and "efficient frontier". The...
by Watty
Sun Mar 19, 2017 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Advice: Overextending by buying? How much house to buy?
Replies: 54
Views: 3996

Re: Advice: Overextending by buying? How much house to buy?

I would question the assumption that the quality of life is fantastic there. You are not talking about living in downtown San Francisco, on the coast, Marin County, on a houseboat in Sausalito, a funky area in Berkeley, etc. You are talking about the south bay which is mostly suburban sprawl. About ...
by Watty
Sat Mar 18, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for investing inherited IRA with RMDs
Replies: 20
Views: 962

Re: Strategy for investing inherited IRA with RMDs

One wrinkle -- I am concerned about investment volatility in the inherited account. Because each year RMDs are calculated on December 31 of the previous year, a year of high growth (when the snapshot is taken) followed by a year of a large decline (when the RMD based on the previous year's snapshot...
by Watty
Sat Mar 18, 2017 6:51 pm
Forum: Investing - Theory, News & General
Topic: Investing in - WATER - thoughts
Replies: 57
Views: 3493

Re: Investing in - WATER - thoughts

One that that can't be denied is that if you invest in water you would have a liquid asset. :mrgreen:
by Watty
Sat Mar 18, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Overextending by buying? How much house to buy?
Replies: 54
Views: 3996

Re: Advice: Overextending by buying? How much house to buy?

Financial situation: Dual physician couple, combined income of 260K going to 570K. It would be good to spend the thirty bucks to buy tax software including California taxes and to do dummy tax returns as if you were living there. After Federal, State, and property taxes I would think that you would...
by Watty
Sat Mar 18, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 9387

Re: Early Retirement - what to do about healthcare?

I'm stumped at how anyone retires early unless they have 3 or 4 million in the bank. It would be unlikely that you need the full $28,000 each and every year. If you did, get a plan with a lower deductible. My wife and I have a combined premium expense of $665/mo with bronze plans, so about $8,000 p...
by Watty
Sat Mar 18, 2017 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 101
Views: 9387

Re: Early Retirement - what to do about healthcare?

While the OP has some time before this is likely to become an issue, how are people factoring in long-term health care costs, especially if longevity runs in the family? ... For us, it will be paid out of portfolio, just like everything else. If we both are in LTC at the same time, we'll have essen...
by Watty
Sat Mar 18, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Norman Rockwell Plates.....who to go to
Replies: 33
Views: 2422

Re: Norman Rockwell Plates.....who to go to

I went to an auction in Atlanta last night and they had a large lot with a bunch of those plates in them. I did not count how many were in the lot but they sold for about $2 or $3 a plate.
by Watty
Sat Mar 18, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Divesting to heirs. When and how quickly.
Replies: 27
Views: 2494

Re: Divesting to heirs. When and how quickly.

+1 on talking to a lawyer about some sort of trust.

One big problem is that things can be very messy if you give them a lot of money and they later get divorced.

You might also want to talk to the lawyer about setting up some sort of educational fund for future generations.
by Watty
Sat Mar 18, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: "Allowance" for new car
Replies: 22
Views: 903

Re: "Allowance" for new car

There have been prior threads about how to buy a car by getting quotes by email like this one that you can search for. https://www.bogleheads.org/forum/viewtopic.php?f=11&t=214034 Some dealers will deal that way others will not but if you are in a large city there are likely lots of dealerships ...
by Watty
Sat Mar 18, 2017 2:25 pm
Forum: Personal Consumer Issues
Topic: First time Cruise trip to Carribean
Replies: 6
Views: 522

Re: First time Cruise trip to Carribean

Flying into Orlando, and then to Port Canaveral. Any suggestion on which hotel to stay in Orlando, Do any offer free shuttles to the port? Keep in mid that Orlando is a pretty good distance from Port Canaveral and built plenty of time into your travel plans and a shuttle for a family will not be in...
by Watty
Sat Mar 18, 2017 10:53 am
Forum: Personal Consumer Issues
Topic: When does a new computer make sense...
Replies: 27
Views: 1643

Re: When does a new computer make sense...

One factor to consider is that replacing the computer before it dies is a lot less painful than having your computer die and then having to replace it in a hurry and get all your data restored on the new computer from a backup from the old computer. With Murphy's law that will likely be at a bad tim...
by Watty
Sat Mar 18, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Can I minimize the Tax Torpedo and future Medicare costs?
Replies: 27
Views: 2126

Re: Can I minimize the Tax Torpedo and future Medicare costs?

I recommend becoming really familiar with the tax code and running what if scenarios. +1 Even if you don't normally do your own taxes buying tax software, including for your state, and doing dummy tax returns would be well worth the cost. Be sure to look at the cost over a number of years. It could...
by Watty
Sat Mar 18, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Using 12-13% of Retirement Funds to pay off Mortgage?
Replies: 23
Views: 1951

Re: Using 12-13% of Retirement Funds to pay off Mortgage?

Assuming that you would just be taking out the Roth contributions and not be paying a 10% penalty then I don’t see it as being such a clear cut situation as most of the posts. A couple of reasons are; 1) You only have ten years left on the mortgage. If you had 25 years left it might be more tempting...
by Watty
Sat Mar 18, 2017 8:09 am
Forum: Personal Consumer Issues
Topic: Driving Savannah to New Orleans
Replies: 17
Views: 918

Re: Driving Savannah to New Orleans

Got the deal of the century on the rental car.8 days picking up at Jacksonville and returning at New Orleans.Most prices were $700 or more.For some reason we got an intermediate size for $79 from Avis.It was really odd.4 columns....do not remember exact numbers but something like Alamo 825 Avis 79 ...
by Watty
Fri Mar 17, 2017 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Plan: Do it myself or use Advisor?
Replies: 41
Views: 2932

Re: Retirement Plan: Do it myself or use Advisor?

Two key things to look for when selecting an advisor are written statements; 1) Stating that they have a fiduciary responsibility to you. 2) A clear explanation of all their compensation. One thing to watch out for is that "fee based" is not the same as "fee only" since they can ...
by Watty
Fri Mar 17, 2017 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Collection Agency - Are you kidding?
Replies: 33
Views: 4096

Re: Collection Agency - Are you kidding?

A couple of things; 1) As others have said sent them a letter requesting a validation of debt. It is likely that you you not hear anymore from them. 2) Google "time barred debt" and your state name to see how long they can actually collect the debt. https://www.consumer.ftc.gov/articles/01...
by Watty
Fri Mar 17, 2017 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: I-Bonds for a 30s couple?
Replies: 20
Views: 1936

Re: I-Bonds for a 30s couple?

I am not very excited about iBonds that have such low returns right now. The problem is that you could hold on to them for 30 years but after paying taxes on the inflation adjustment you will be guaranteed to have less purchasing power than you started with. There are tax managed balanced funds that...
by Watty
Fri Mar 17, 2017 9:35 pm
Forum: Personal Consumer Issues
Topic: Oh Baby, Baby - End of new car purchase story
Replies: 7
Views: 1955

Re: Oh Baby, Baby - End of new car purchase story

Just FYI, you can still have any warranty work done at the most convenient dealer if you want. It was a different brand but I have done that before and they seemed glad to get the work. The service writer asked why I bought the car at the more distant dealership and I just said that the salespeople ...
by Watty
Fri Mar 17, 2017 9:16 pm
Forum: Personal Consumer Issues
Topic: Driving Savannah to New Orleans
Replies: 17
Views: 918

Re: Driving Savannah to New Orleans

No but I just checked it out.Thanks.Good info about Savannah. I think we are going to get off the plane and drive to Savannah getting there about midnight,but we will still be on Calif time which would be 9:00,so not bad. We are thinking now of driving to St.Augustine from Savannah and seeing the t...
by Watty
Fri Mar 17, 2017 8:56 pm
Forum: Personal Consumer Issues
Topic: Driving Savannah to New Orleans
Replies: 17
Views: 918

Re: Driving Savannah to New Orleans

I would take a hard look at flying to New Orleans from Charleston or Savannah. That is a long and pretty boring drive until you get to about Mobile. That would get you pretty much an extra day of vacation. I'm not sure which airlines fly that route but it should not be that expensive but you will ne...
by Watty
Fri Mar 17, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Pension closing analysis
Replies: 5
Views: 503

Re: Pension closing analysis

There is an old saying, "Buying an elephant for a dime is only a good deal if you need an elephant." If you had the same amount in a IRA would you be the least bit interested in buying a deferred annuity that does not start for 30 years? Most likely not and you would laugh at any salesman ...

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