Search found 11273 matches

by Watty
Sat Oct 14, 2017 10:32 pm
Forum: Personal Consumer Issues
Topic: Car Buying, Time to grow up.
Replies: 55
Views: 4385

Re: Car Buying, Time to grow up.

Focus out the Door: $16,932 Fusion out the Door: $21,122 Civic LX w/ remote start: 20,865 Civic EX (Remote start standard): $21,817 Thoughts??? Once you select a car you can try emailing other dealers to see if they will offer you a better price on the car that you select. Most of them will have so...
by Watty
Sat Oct 14, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Another Job Offer Dilemma
Replies: 13
Views: 1509

Re: Another Job Offer Dilemma

-Current commute is 25 min "reverse" commute door-to-door. #1 would be highway and back rounds, closer to 45min. #2 would be about 30min, normal commute. You need to remember that when people give numbers like that they usually mean XX minutes on a good day. There likely will also be not so good da...
by Watty
Sat Oct 14, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Another Job Offer Dilemma
Replies: 13
Views: 1509

Re: Another Job Offer Dilemma

Which job would you take if the offers were financially identical? It sounds like the writing is on the wall with your current company so staying there for the long term is probably not a good idea. How long are the commutes with each of the companies? If you have never driven a long commute it gets...
by Watty
Sat Oct 14, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5488

Re: Help me understand what happen with the new law and ACA subsidies

And for those of us who prefer to be self-employed, the choices are? I've bought my own health insurance my entire adult life, because I've never had a job. I was doing this well before the ACA. So if I'm pushed out of the federal Marketplace, are insurers even offering private plans any more? Is t...
by Watty
Sat Oct 14, 2017 8:19 am
Forum: Personal Consumer Issues
Topic: Antivirus Software Recommendations
Replies: 36
Views: 2410

Re: Antivirus Software Recommendations

Norton Security Suite (free from Xfinity if you have internet service through them). It has a suite of programs called Constant Guard that's pretty comprehensive and has worked well for me for many years, on Windows 7. No antivirus or anything on MacOS. Updated with a review link: https://www.pcmag...
by Watty
Fri Oct 13, 2017 10:05 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 3691

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

In the last five years I have been rear ended twice by people that were very likely using a cell phone when they hit me, not that they would admit it. They were both just fender benders and one was really minor since traffic was stop and go and moving less than five miles an hour. In the other I was...
by Watty
Fri Oct 13, 2017 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Part time Job
Replies: 5
Views: 611

Re: Part time Job

Sounds like you are stretching yourself thin. School, FT job, PT job, & 2 young kids, makes me tired just thinking about it! I would give up the PT job and spend more time with the kids, they grow up fast! +1 My only concern would getting an adequate emergency fund saved up in the very near future.
by Watty
Fri Oct 13, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: How young is too young to retire.
Replies: 49
Views: 5742

Re: How young is too young to retire.

On the "How does Social Security work?" question there is a short book that was written by a poster here that I found useful. https://www.amazon.com/Social-Security-Made-Simple-Retirement/dp/0997946512/ref=sr_1_1?ie=UTF8&qid=1507947482&sr=8-1&keywords=social+security+made+simple I would stop thinkin...
by Watty
Fri Oct 13, 2017 8:30 pm
Forum: Personal Consumer Issues
Topic: Anyone Ever Jackhammered a Concrete Patio?
Replies: 27
Views: 1543

Re: Anyone Ever Jackhammered a Concrete Patio?

Be sure to check for any utility lines that run under the patio. My son decided to start off the New Year on a positive note by renting a Jackhammer on New Year's day and breaking up a sidewalk. He had an older house and unknown to him his sewer line was just below the sidewalk so he ended up breaki...
by Watty
Fri Oct 13, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 5488

Re: Help me understand what happen with the new law and ACA subsidies

For many early retirees living solely off their retirement portfolios, they may want to take a close look at their 2017 and 2018 income so as to take capital gains and raise cash in 2017 in order to lower income in 2018 to take advantage of what could very well be much higher premium tax credits fo...
by Watty
Fri Oct 13, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: Car Buying, Time to grow up.
Replies: 55
Views: 4385

Re: Car Buying, Time to grow up.

Just an "outside the box" brainstorming idea. If you are still happy with your current car then you could buy some other car for your brother and keep your car. It would be smaller than the Focus(I think) but here is a 2017 Hertz Toyota Yaris with only 11k miles for $11,000 that might work for him. ...
by Watty
Fri Oct 13, 2017 3:46 pm
Forum: Personal Consumer Issues
Topic: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!
Replies: 26
Views: 1694

Re: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!

(I was looking for long term parking at Houston/Dallas and didn’t know that hotels also provide long term parking. It might better to park at dedicated long term parking lots near to airport). .... Our Citi Costco Visa card has Travel Insurance for up to $3,000 per person (air tickets). I am assumi...
by Watty
Fri Oct 13, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Car Buying, Time to grow up.
Replies: 55
Views: 4385

Re: Car Buying, Time to grow up.

There is no one right rule for everyone but my general car buying plan is to buy a new near base model highly reliable car that depreciates slowly and then sell it when it get to be about ten years old or have 120,000 miles, whichever comes first. It is surprising what a ten year old Honda or Toyota...
by Watty
Fri Oct 13, 2017 12:16 am
Forum: Investing - Help with Personal Investments
Topic: Too old to invest at 70+ years?
Replies: 32
Views: 2402

Re: Too old to invest at 70+ years?

For comparison the Vanguard Retirement income fund is about 30% stocks/70% bonds. https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=0308 It would be reasonable to consider the restraunt that they own to be part of their stock asset allocation and the money in the banks as bonds. ...
by Watty
Thu Oct 12, 2017 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 6191

Re: Best Career Advice for those over "50"

Did you learn anything after 50 you wished you had known before? I would not say that I wished that I had known it but when I went through my 50s I saw a lot more people than I would have expected either die or develop major health problems. There was one year in my 50's when I went to three funera...
by Watty
Thu Oct 12, 2017 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage vs. Supplemental
Replies: 40
Views: 2340

Re: Medicare Advantage vs. Supplemental

When I first started looking into this I found the "Medicare for Dummies" book to be very good despite it's title and I would highly recommend it. Be sure you are looking at the most recent edition if you get it. I have not started Medicare yet but for my wife the initial decision was daunting but w...
by Watty
Thu Oct 12, 2017 8:54 pm
Forum: Personal Consumer Issues
Topic: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!
Replies: 26
Views: 1694

Re: First Winter (Dec/Jan) Vacation in Europe. Any suggestions please!

I have not been there in winter but one thing to keep in mind is that most of Europe is farther north than you might realize so the days will be real short when you are there. https://www.timeanddate.com/sun/germany/frankfurt?month=12&year=2017 I ran into the opposite situation when I was in Ireland...
by Watty
Thu Oct 12, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation question for my parents
Replies: 16
Views: 777

Re: Asset allocation question for my parents

I'm new to investing so I'm afraid to make a fatal mistake. In addition to the risk of you making a mistake you could give very reasonable suggestions that get poor results because of a bad market. Or you could be doing a good job but get hit by the proverbial Mack truck which would leave their inv...
by Watty
Thu Oct 12, 2017 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard make sense without a computer ?
Replies: 22
Views: 2246

Re: Does Vanguard make sense without a computer ?

I wouldn't encourage anyone who isn't already computer literate to open up a financial account with online access. It's just too risky. +1000 In fact you should have them set up the account so that nobody can set up online access. Mail and phone will work just fine at any of the major companies. Fi...
by Watty
Thu Oct 12, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston
Replies: 35
Views: 6051

Re: With panicked homeowners selling their flooded homes for 40¢ on the dollar, investors are flocking to Houston

One major problem after a big disaster like that is that it can be nearely impossible to find any contractor to do the repair, much less a good one that will charge a reasonable price. I know someone that has relatives where hurricane Andrew hit. They had significant roof damage but they could still...
by Watty
Wed Oct 11, 2017 10:44 pm
Forum: Personal Consumer Issues
Topic: Mechanic expects me to pay for his mistake
Replies: 41
Views: 3103

Re: Mechanic expects me to pay for his mistake

....pay $2400 to another shop to pull engine and have them fix. I don't have a clue as to what is right in this situation but I would be concerned about what "fix" means. How much would it cost to get a rebuilt engine? With 140K miles that might be a better use of the money than spending that much ...
by Watty
Wed Oct 11, 2017 7:36 pm
Forum: Investing - Theory, News & General
Topic: Offensive Valuations
Replies: 45
Views: 4056

Re: Offensive Valuations

Why in the world would I buy more shares of this "business" (S&P 500) right now, at a multiple of twice the historical average? I gave up trying to analays the financials years ago but one thing that you did not mention factoring in earning growth. One way to value a company is try to calculate the...
by Watty
Wed Oct 11, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Card - Should I get a Replacement
Replies: 47
Views: 2537

Re: Social Security Card - Should I get a Replacement

hmw wrote:
Wed Oct 11, 2017 3:36 pm
My wife had to get a new ss card when she applied for her TX driver license. They wanted to see the actual card. Other than that, I can't think any other time that we have to show the actual card.
That happened to me too.
by Watty
Wed Oct 11, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Made a career mistake- advice/next steps
Replies: 35
Views: 5544

Re: Made a career mistake- advice/next steps

I once took a new job in IT and once I started it was clear that the company had a lot more problems than they let on about in the interviews and they were not even attempting to fix the problems. Withing a month I was looking for another job and left within three months. Within two years the compan...
by Watty
Wed Oct 11, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Boston area Relocation...major decision points
Replies: 34
Views: 2777

Re: Boston area Relocation...major decision points

Just a few observations from when I did a corporate relocation. 1) The company would only pay a lot of the costs for me sell my house and buy a new house if I did it within a few months of when I moved. That was a significant amount of money so renting for a while was not a good option for us. 2) Th...
by Watty
Wed Oct 11, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issue: Made a mistake on Inherited IRA RMDs for five years
Replies: 36
Views: 2539

Re: Tax issue: Made a mistake on Inherited IRA RMDs for five years

Here are instructions about pleading for mercy from F5329 instructions: There a number of threads with similar situations. If you search the boards for "5329" you will find a number of threads like this one. https://www.bogleheads.org/forum/viewtopic.php?t=176155 Pay particular attend to any respon...
by Watty
Wed Oct 11, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: What is a good Asset Allocation
Replies: 48
Views: 2566

Re: What is a good Asset Allocation

take a look at vanguard's target retirement funds (~TR2040) +1 To the OP, Some very well trained and experienced people set the asset allocation for the targets date funds at companies like Vanguard, Fidelity, T.Rowe Price, Schwab, and others. There can of course be reasons that your situation is a...
by Watty
Tue Oct 10, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: What is a good Asset Allocation
Replies: 48
Views: 2566

Re: What is a good Asset Allocation

What's a Good Asset Allocation for a couple in their mid 30s with relatively high stable incomes in terms of Stock/Bond asset allocation? Their main goal is to be financially independent sooner rather than later. As a starting point I like to look at what asset allocation a target date fund uses fo...
by Watty
Tue Oct 10, 2017 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Shifting Gears - Sanity Check
Replies: 19
Views: 1209

Re: Shifting Gears - Sanity Check

Asset Allocation - 75% Equity / 25% Fixed That is too aggressive for someone that is retired or disabled. For comparison see what they call the various asset allocations for the Vanguard life Strategy funds. https://investor.vanguard.com/mutual-funds/lifestrategy/?lang=en#/?lang=en Your general app...
by Watty
Tue Oct 10, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Shifting Gears - Sanity Check
Replies: 19
Views: 1209

Re: Shifting Gears - Sanity Check

Any assistance or suggestions are welcome and appreciated. A few questions; 1) What do you expect to get for Social Security in retirement? If you check the Social Security web site you will need to change the assumptions since they default to assuming that you will continue to work. If you were ev...
by Watty
Tue Oct 10, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Anesthesiologist Advise [how to save money]
Replies: 45
Views: 5520

Re: Anesthesiologist Advise [how to save money]

1) Understand how long it will take for me to get up to "full salary", is 25K per month 3 months away or a year? +1 If it will just be a few months then I would just put all the big decisions on the back burner for awhile and concentrate on just muddling through until things settle down. Once thing...
by Watty
Tue Oct 10, 2017 11:26 am
Forum: Personal Consumer Issues
Topic: Moving Stroke Victim Out of State
Replies: 23
Views: 1968

Re: Moving Stroke Victim Out of State

A couple of things to check on, Check with your home insurance agent about how long you can leave the house vacant. Many policies have restrictions or limitations about leaving it vacant for more than 30 or 60 days. Some companies will sell riders for additional vacant house coverage but some will n...
by Watty
Tue Oct 10, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 3852

Re: Protecting against the possibility of a correction?

The "stay the course" mantra is good but it might be better to say, "get on the right course, then stay the course". There have been a lot of posts by people saying that 100% stocks is a good idea or that having a large mortgage so that you can leverage your investments is a good idea so while they ...
by Watty
Tue Oct 10, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Should I refinance...again (15y at 3.25% going to 2.875%)?
Replies: 11
Views: 1337

Re: Should I refinance...again (15y at 3.25% going to 2.875%)?

for an interest savings of $5k. I don't know the AMT rules off the top of my head but if you are able to deduct the interest on your federal or state taxes then your after tax savings will be a lot less. If you are not able to deduct the interest now then you might be able to deduct it at some poin...
by Watty
Tue Oct 10, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy a new family home [Australia]
Replies: 19
Views: 1867

Re: Would you buy a new family home

I feel like there is only two options for me. A) Sell my current place and upgrade. Which might take my debt to 450k from the 200 now, but will also mean we are kinda done. Are those numbers right? It sounded like you only owed $200K on your current $850K house because of the offset account and you...
by Watty
Mon Oct 09, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Currency exchange
Replies: 8
Views: 773

Re: Currency exchange

I agree that I would not trust an encrypted PDF.

They make special encrypted flash USB drives that keep important documents on when I am traveling.
by Watty
Mon Oct 09, 2017 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Please look at my financial situation and give me your insights
Replies: 21
Views: 2206

Re: Please look at my financial situation and give me your insights

It was not clear if if that included taxes or not. If are spending $100K a year after taxes then you will need a lot more income than that to have $100K left after paying taxes. Good point. Some of the money is in a Roth IRA, but more is in taxable stock funds, and a regular IRA that will be taxabl...
by Watty
Mon Oct 09, 2017 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a new family home [Australia]
Replies: 19
Views: 1867

Re: Would you buy a new family home

I’m not sure so wanted advice from people not living in the Australian market. I'm in the Georgia in the US which you might be familiar with in film "Deliverance" and the TV show "The Dukes of Hazzard" :D I have even heard of the housing bubble going on in Australia. They are a lot easier to spot f...
by Watty
Mon Oct 09, 2017 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Please look at my financial situation and give me your insights
Replies: 21
Views: 2206

Re: Please look at my financial situation and give me your insights

Spending probably about $100K/year, but we could go lower if we needed to. It was not clear if if that included taxes or not. If are spending $100K a year after taxes then you will need a lot more income than that to have $100K left after paying taxes. You also need to consider what you income need...
by Watty
Mon Oct 09, 2017 5:05 pm
Forum: Personal Consumer Issues
Topic: What to do with unused paint?
Replies: 38
Views: 2293

Re: What to do with unused paint?

Our neighborhood has a private facebook group an you can post stuff like that for free and someone will almost always want it.
by Watty
Mon Oct 09, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage or invest?
Replies: 10
Views: 999

Re: Pay off mortgage or invest?

Here are some wikis that might help. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing https://www.bogleheads.org/wiki/Traditional_versus_Roth I'm 37, wife is 31, we have three kids, aged 6, 4, and 1. I earn about $65k and she earns between $25-40k, It would be good to figure out yo...
by Watty
Sun Oct 08, 2017 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Currency exchange
Replies: 8
Views: 773

Re: Currency exchange

You can check out the Rick Steves web site and most of it will apply even if you are not going to Europe. https://www.ricksteves.com/travel-tips/money/cash-tips The exchange rates at the hotel will almost certainly be terrible if you can even do it there. The same is true at the booth at the airport...
by Watty
Sun Oct 08, 2017 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: (24M) - Should I take a pay cut for a new career path with a better payoff?
Replies: 21
Views: 2368

Re: (24M) - Should I take a pay cut for a new career path with a better payoff?

preciseman wrote:
Sun Oct 08, 2017 9:55 pm
Thanks guys..I'm giving my 2 weeks notice tomorrow morning. Hope I'm making the right choice...
Good luck with the new job. Most people's careers take unexpected twists and turns that they could never predict and if it does not work out then you are young enough recover and try something else.
by Watty
Sun Oct 08, 2017 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: buy home with 10% or 20% down in this situation?
Replies: 17
Views: 1324

Re: buy home with 10% or 20% down in this situation?

Are the interest rates on the 10% and 20% downpayment loans the same? Have you tried getting a HELOC on the first condo? +1 One other option is that if you have a paid off car(or boat, RV, etc) then you could get a lower interest car loan on that to raise part of the down payment. You may also be ab...
by Watty
Sun Oct 08, 2017 10:25 pm
Forum: Personal Consumer Issues
Topic: Medicare versus Medicare Advantage for 2018
Replies: 19
Views: 1840

Re: Medicare versus Medicare Advantage for 2018

There is no single "best" option for everyone. It will depend on your circumstances. I always recommend the book Medicare for Dummies for help in navigating the complexity of Medicare. Borrow a copy of the book from the library. (I liked it so much I bought my own copy.) Then when you understand en...
by Watty
Sun Oct 08, 2017 7:48 pm
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 4768

Re: Is there boglehead consensus on buying a car?

Is there boglehead consensus on buying a car? Leasing almost never makes sense except for a business that gets tax advantages. If you are buying new then you should do the negotiation over the internet and have a "done deal" deal out the door price before you go into the dealership. Manufacturers e...
by Watty
Sun Oct 08, 2017 6:08 pm
Forum: Investing - Theory, News & General
Topic: Is there a deadline to initiate a 401k distribution?
Replies: 11
Views: 769

Re: Is there a deadline to initiate a 401k distribution?

One advantage of leaving the money in the old plan for a while is that for one reason or another people will occasionally return to a previous employer after a short time or the job at the new employer does not work out. I once accepted a job to find out that there were a lot more problems with the ...
by Watty
Sun Oct 08, 2017 6:02 pm
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7404

Re: Do you want your receipt?

I read an article recently that said that workers at a fast food chain were trained to be extra careful with orders when someone asked for a receipt. The reason is that there are "secret shoppers" that will occasionally buy food there and report their experience. The "secret shoppers" will always as...
by Watty
Sun Oct 08, 2017 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: (24M) - Should I take a pay cut for a new career path with a better payoff?
Replies: 21
Views: 2368

Re: (24M) - Should I take a pay cut for a new career path with a better payoff?

I assume the "24M" means that you are a 24 year old male. If so then as young as you are sticking in a niche job that you hate makes no sense because by the time you have been doing that and get to be in your 30's it will be very hard to change to something else. In addition to being miserable over ...
by Watty
Sun Oct 08, 2017 7:13 am
Forum: Investing - Help with Personal Investments
Topic: Should I keep my Stocks?
Replies: 42
Views: 3601

Re: Should I keep my Stocks?

Since they are in a retirement account and taxes are not an issue if you sold them I am surprised that there is even lukewarm support for keeping them. Selling them is a slam dunk easy choice. Some people can do Ok with owning a few carefully selected stocks but even if buying an individual stock ma...