Search found 8287 matches

by Watty
Thu Jul 28, 2016 9:45 pm
Forum: Investing - Theory, News & General
Topic: Is the most intelligent move to max your tax advantaged accounts FIRST?
Replies: 4
Views: 354

Re: Is the most intelligent move to max your tax advantaged accounts FIRST?

Getting any employer match or a retirement savings tax credit would always be a good choice unless there were some very unusual situations. There are lots non-retirement financial goals that would could come before "maxing" out your retirement accounts. Some of these would be things like p...
by Watty
Thu Jul 28, 2016 9:14 pm
Forum: Personal Consumer Issues
Topic: It's too hot
Replies: 25
Views: 1302

Re: It's too hot

A few things to try; 1) Google your A/C brand and model number and the words "reset button" to see if there is a reset button that might reset your A/C. Not all A/Cs have a reset button. 2) You can likely get the owners manual for your A/C on the manufactures web site to see what it says a...
by Watty
Thu Jul 28, 2016 8:56 pm
Forum: Personal Consumer Issues
Topic: Costco rotisserie chicken
Replies: 20
Views: 1595

Re: Costco rotisserie chicken

The last two that we got seemed smaller than they used to be. It could just be the luck of which ones were out that day but has anyone else noticed that in the last month or two?
by Watty
Thu Jul 28, 2016 8:51 pm
Forum: Personal Consumer Issues
Topic: Need advice, dealer sold me wrong year golf cart
Replies: 14
Views: 709

Re: Need advice, dealer sold me wrong year golf cart

Do you have "2012" on your purchase receipt? If so, I would take it in and get all of my money back. A lot of used golf carts come from golf courses when the lease expires. Two years means a lot more wear and tear. I live in a golf cart community. There are a lot of shenanigans in the gol...
by Watty
Thu Jul 28, 2016 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: LT Care costs to decimate retirement savings?
Replies: 4
Views: 604

Re: LT Care costs to decimate retirement savings?

This paper predicts that a couple with 1mm in retirement savings has a 30% chance to run totally dry due to LT care expenses and with a 5mm portfolio a 9% chance. Despite documenting their assumptions, this does not pass the smell test in my estimation. +1 I didn't read through the paper but a coup...
by Watty
Thu Jul 28, 2016 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Withdraw from old 401K for rental property...
Replies: 1
Views: 113

Re: Withdraw from old 401K for rental property...

What would be the penalty, tax and other implications if withdrawing from the account as is? Would it be better to transfer this account to a ROTH first and then withdraw? The best way would be to do a dummy tax return to figure what the taxes and penalties would be. With your state taxes I would n...
by Watty
Thu Jul 28, 2016 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down mortgage now, or wait?
Replies: 9
Views: 1225

Re: Pay down mortgage now, or wait?

If you do decide to pay it down then you can call your lender first and see if they will "recast your mortgage" (google this). They are not required to do this but they often will for a processing fee of a couple of hundred dollars. This means that if you pay down your mortgage by 33%(or w...
by Watty
Thu Jul 28, 2016 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Convince me not to go to grad school
Replies: 30
Views: 1563

Re: Convince me not to go to grad school

...with a few college degrees (2 of which have been no help to me) How many degrees do you already have and what are they in? I however, make $38k .......Respiratory therapist... The BLS says that the median pay for a Respiratory therapist is $57,700 so half of the people doing that make more. http...
by Watty
Thu Jul 28, 2016 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Small Pension vs. Small Lump Sum
Replies: 13
Views: 882

Re: Small Pension vs. Small Lump Sum

There are really two questions, 1) It it mathematically a fair price? These are pretty well regulated so it probably is fair based on the current interest rates. The company is having a hard time finding safe investments like government bonds to invest the pension in so they are in a bind and want t...
by Watty
Wed Jul 27, 2016 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving "on or before work anniversary" and golden handcuffs
Replies: 22
Views: 2855

Re: Leaving "on or before work anniversary" and golden handcuffs

AlohaJoe wrote:I don't understand the arguments for working one extra month. Why work an arbitrary amount of extra time? Why not 2 weeks? Why not 3 months? How is that any clearer than working one day more?


+1

Giving two weeks notice on the day after the anniversary would be fine.
by Watty
Wed Jul 27, 2016 5:38 pm
Forum: Personal Consumer Issues
Topic: Weld broken car door or buy a new one
Replies: 17
Views: 1027

Re: Weld broken car door or buy a new one

This guys offers a video on how to fix it yourself https://www.youtube.com/watch?v=bxKwZLGUAk4 Not sure I am game for it though I didn't watch that video but I have found that watching "how to" videos can really help you understand what is involved with a repair and if you are getting a f...
by Watty
Wed Jul 27, 2016 5:31 pm
Forum: Personal Consumer Issues
Topic: Interview in Silicon Valley - Suit?
Replies: 68
Views: 3506

Re: Interview in Silicon Valley - Suit?

People there may dress very casual at work there most days but once in a while someone will likely need to go on a business trip to talk to a customers, suppliers, or partners that are more formal. They may need someone that can "clean up" and handle more formal situations when they need t...
by Watty
Wed Jul 27, 2016 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a house while active duty
Replies: 15
Views: 622

Re: Thinking of buying a house while active duty

One thing that you need to be careful about is that you would be buying near a military base and that could have special risks.

Depending on the area this could be a big problem for the local real estate market if the base closes or even cuts the number of people stationed there by 25%.
by Watty
Wed Jul 27, 2016 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: All eggs in one online basket - worried?
Replies: 18
Views: 2196

Re: All eggs in one online basket - worried?

I have always avoided having credit cards from any place where I have other accounts. The problem is that if there is a problem with a credit card then they can take the money from your other accounts that are at the same place to pay the debt without going to court. This is specified in the fine pr...
by Watty
Wed Jul 27, 2016 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying second home - how much $?
Replies: 6
Views: 409

Re: Buying second home - how much $?

In addition to all the other problems if your current house has increased in value then you could likely sell it and qualify for the homeowners capital gains exemption and not have to pay any taxes on the sale. If you rent it for more than a few years then you will lose that and eventually have to p...
by Watty
Wed Jul 27, 2016 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for 60+ year old
Replies: 12
Views: 1608

Re: Advice for 60+ year old

Although, if she want to work here, she could start accumulating credits toward Medicare. She would need 40 credits, or 10 years of work. I have a friend who moved here from England, and she's in her early 70's and needs a couple more years to get her credits. You don't even have to earn that much ...
by Watty
Wed Jul 27, 2016 8:18 am
Forum: Personal Consumer Issues
Topic: Buying a used DSLR Suggestion
Replies: 25
Views: 1333

Re: Buying a used DSLR Suggestion

Even with a normal point and shoot a big problem with trying to put it in your pocket is that the built in lens caps are flimsy and are prone to breaking. The zoom lens on some of the cameras is pretty delicate too so keep that in mind if you are tempted by one of the superzoom cameras. One alternat...
by Watty
Tue Jul 26, 2016 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for 60+ year old
Replies: 12
Views: 1608

Re: Advice for 60+ year old

Is she a US citizen and will she get medicare or social security? How much would a modest condo or house cost where you are living? If you are not in a high cost of living area then buying a condo or small house for cash for the low hundreds might make sense because she would then not need to worry ...
by Watty
Tue Jul 26, 2016 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Sell individual corporate bonds to pay off mortgage?
Replies: 27
Views: 1056

Re: Sell individual corporate bonds to pay off mortgage?

Be sure to figure out what the capital gains would be if you sold the bonds.
by Watty
Tue Jul 26, 2016 8:41 pm
Forum: Personal Consumer Issues
Topic: Weld broken car door or buy a new one
Replies: 17
Views: 1027

Re: Weld broken car door or buy a new one

What would the price be to buy a replacement door from a salvage yard?
by Watty
Tue Jul 26, 2016 8:26 pm
Forum: Personal Consumer Issues
Topic: Buying a used DSLR Suggestion
Replies: 25
Views: 1333

Re: Buying a used DSLR Suggestion

KEH camera and B&H photo are two reputable used camera dealers that I have bought from. https://www.keh.com/ http://www.bhphotovideo.com/c/browse/Used-Equipment/ci/2870/N/4294247188 I would not buy camera equipment off of ebay, especially a month before a big trip when there is little time to re...
by Watty
Tue Jul 26, 2016 5:28 pm
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 64
Views: 3120

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

giesen5 wrote:Well, hot damn. Finally pulled the trigger and have one-way tickets to Venice on June 23rd. So excited! Now the real research begins.


Not coming back?
by Watty
Tue Jul 26, 2016 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Medigap (supplement) Policies
Replies: 12
Views: 729

Re: Cost of Medigap (supplement) Policies

There is no question that they may be priced differently at different companies. The core benefits are standardized, but a few states( Massachusetts, Minnesota, and Wisconsin) may have different rules according to this link so that might be where you are seeing differences if you are in one of those...
by Watty
Tue Jul 26, 2016 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Cost of Medigap (supplement) Policies
Replies: 12
Views: 729

Re: Cost of Medigap (supplement) Policies

You have to look at each component one by one of each plan , i.e. copays, deductibles, ability to see a specialist without approval, to just name a few but it takes some time to do the side by side comparison - wife and I went through the same exercise at the beginning of the year . Good Luck !!! T...
by Watty
Mon Jul 25, 2016 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Cash Balance Pension - company dicey
Replies: 7
Views: 663

Re: Cash Balance Pension - company dicey

I have had an old pension plan become underfunded and one thing that happened was that it triggered a rule where you could no longer take the lump sum. After about five years you could take half as a lump sum, and eventually all of it again. You really need to find out if the plan is under the PBGC ...
by Watty
Mon Jul 25, 2016 10:52 pm
Forum: Investing - Theory, News & General
Topic: Theory only... when to stop 401k contribution
Replies: 37
Views: 3266

Re: Theory only... when to stop 401k contribution

I know its always best to max out your 401k, but at what point is your balance large enough that maxed contributions are insignificant?? Again... just for fun and discussion, what is the magic amount when gains totally overshadow contributions? The "magic amount" is when you get to the po...
by Watty
Mon Jul 25, 2016 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: First house purchase advice
Replies: 14
Views: 1100

Re: First house purchase advice

Many people find that moving is harder once their kids start school since it can be hard on a kid to move away from their friends and go to a new school. You would likely want to move move during the summer too so they don't have to change schools during the middle of the school year. It sounds like...
by Watty
Mon Jul 25, 2016 12:01 pm
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 64
Views: 3120

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

If you are planning on getting a rental car then check your credit card rental car coverage. Italy is often excluded. Read the reviews on any beaches that you might be going to carefully. You might find a hidden gem but compared to Florida, the Caribbean, or Mexico you will likely be underwhelmed an...
by Watty
Mon Jul 25, 2016 11:33 am
Forum: Personal Consumer Issues
Topic: Passport Nightmare
Replies: 32
Views: 3822

Re: Passport Nightmare

One additional thing to look at is what name is on the airline reservations since they may require that it be the same as on your passport. All the other people should check to make sure that their passports don't expire within six months of your expected return date. Some countries require that the...
by Watty
Mon Jul 25, 2016 10:53 am
Forum: Personal Consumer Issues
Topic: My experience with "older" used car
Replies: 49
Views: 3358

Re: My experience with "older" used car

Just FYI, Apparently the reason that most newer cars have power windows and locks is not just feature bloat but it is because to get better side crash protection they had to start putting a lot of extra metal beams in the doors to protect the occupants better in a side crash. That means that there i...
by Watty
Sun Jul 24, 2016 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Quit work and become SAHM - advice? regrets?
Replies: 52
Views: 4938

Re: Quit work and become SAHM - advice? regrets?

If you are getting your health insurance through your job and switch to your spouses health insurance you will need to start the deductible over for the year and may need to change doctors. It was not clear if you were expecting or have already had the kid(s) but if you are expecting it might be a g...
by Watty
Sun Jul 24, 2016 9:13 pm
Forum: Personal Consumer Issues
Topic: HVAC replacement,is that too risky to wait until this fall
Replies: 43
Views: 2561

Re: HVAC replacement,is that too risky to wait until this fall

One thing to remember is that it it fails then you can get a window or portable air conditioner for a couple of hundred dollars and keeping the bedroom cool might be enough to sleep at night to get you through to September. You could likely sell the portable AC next summer to get part of your money ...
by Watty
Sun Jul 24, 2016 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 26
Views: 1894

Re: Seeking wisdom on a career crossroad

I company B is a competitor then they may just want to prevent them from getting you and not keeping you for the long term.
by Watty
Sun Jul 24, 2016 6:07 pm
Forum: Personal Consumer Issues
Topic: Buying a fairly new RV, suggestions.
Replies: 39
Views: 2870

Re: Buying a fairly new RV, suggestions.

Save up and pay cash for your toys... +1, especially a rapidly depreciating one. I looked at this a while back and there was a lot to be said for getting a trailer instead of an RV even though you might have to buy something to pull it with. A trailer is a lot simpler and when you get to where you ...
by Watty
Sun Jul 24, 2016 5:55 pm
Forum: Personal Consumer Issues
Topic: Trip/vacation package deals
Replies: 6
Views: 778

Re: Trip/vacation package deals

I am more keen in looking for a package vacations/trips deal instead of building an itinerary myself. It depends of you want to go out as a with a group each day and ride around on a tour bus, or just want a package then travel independently. You can book the hotels and airfare together as a packag...
by Watty
Sun Jul 24, 2016 5:46 pm
Forum: Personal Consumer Issues
Topic: Do Realtors Find FSBOs?
Replies: 63
Views: 3857

Re: Do Realtors Find FSBOs?

One thing I have not seen mentioned is that some states have pretty significant seller disclosure laws with significant penalties. Many FSBO people don't understand what is required and may be more likely to fudge the disclosure and a real estate agent may not want to get in the middle of a problem ...
by Watty
Sun Jul 24, 2016 5:36 pm
Forum: Personal Consumer Issues
Topic: Voice recording help
Replies: 5
Views: 249

Re: Voice recording help

A quick google found this.

http://www.lp2cd.com/transfers/home-mad ... ion-to-cd/

I know nothing about them.
by Watty
Sun Jul 24, 2016 2:02 pm
Forum: Personal Consumer Issues
Topic: New car or not?
Replies: 31
Views: 2279

Re: New car or not?

If you have a Pharmacist's income I'd say just suck it up and buy a SUV or car with AWD. Peace of mind is worth something. If you are legitimately scared driving this car and you will be doing a lot of driving for work, at your income it's not worth any "savings" by driving the current ca...
by Watty
Sun Jul 24, 2016 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 180
Views: 11440

Re: Early retirees, how much did you leave on the table?

There have been a number of comments to the effect of "you can't buy more time" but that might not be entirely true. I have posted before that since I retired last year I have been exercising and dieting and that I have lost 40 pounds and my activity level is a lot higher. Prior to retirin...
by Watty
Sun Jul 24, 2016 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Where should the money go
Replies: 4
Views: 526

Re: Where should the money go

Does it make sense to drop my 401k to get employer match and then either add some to the cash reserve and some to the mortgage principal, or attack one first? Or neither of these? Except for giving a few more details this is really the same as your other post. "401k vs mortgage" https://w...
by Watty
Sun Jul 24, 2016 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Financing retirement before SS - when to retire
Replies: 20
Views: 2498

Re: Financing retirement before SS - when to retire

Once you have more confidence on what your current spending is you might want to make another post with more information following the guidelines here. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 You don't need to include everything but that might get some better insight into if yo...
by Watty
Sat Jul 23, 2016 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: New Job Position Request
Replies: 21
Views: 1119

Re: New Job Position Request

Moving to the other side of the audit table and going to work for one of your customers(or similar companies) that use your current companies software for compliance could be worth looking at. One drawback with any position like that though is that you would be considered as being overhead since you...
by Watty
Sat Jul 23, 2016 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help please- recommendations for "lazy portfolio" in my 401k plan?
Replies: 8
Views: 420

Re: Help please- recommendations for "lazy portfolio" in my 401k plan?

The expense ratios on the target date funds look really good.

Why not just use them?
by Watty
Sat Jul 23, 2016 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Question on adding another credit card
Replies: 7
Views: 576

Re: Question on adding another credit card

Obviously locking in a rate for a house (we're building so we've had intermittent checks over the past year) and then with the addition of all these cards the hard inquiries were to be expected. I would be very careful about doing anything until the house construction is done and the final closing ...
by Watty
Sat Jul 23, 2016 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Is This a Good Investing Plan?
Replies: 22
Views: 1645

Re: Is This a Good Investing Plan?

If you don't have a strong reason for selecting a specific asset allocation you can just look at a Target Date retirement funds asset allocation and match that. I didn't try to add up the numbers but are you sure that you are not under-weighting small cap and mid cap stocks by using the S&P 500 ...
by Watty
Sat Jul 23, 2016 11:35 am
Forum: Personal Finance (Not Investing)
Topic: How to Freeze Credit
Replies: 13
Views: 381

Re: How to Freeze Credit

Here is a link on how to freeze your credit.

http://www.clark.com/credit-freeze-and-thaw-guide

When you get your PIN be sure not to lose it. It takes a lot of documentation to replace it which makes sense.
by Watty
Sat Jul 23, 2016 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Roth vs. Traditional when income varies
Replies: 18
Views: 546

Re: Roth vs. Traditional when income varies

I do contract work,..... In you have non-w2 wages for the contracting work then you can likely set up one of the many options that a self employed person has like a solo-401k and contribute around $50K to it if you have that much contracting income. I don't know all the options but there are others...
by Watty
Sat Jul 23, 2016 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Financing retirement before SS - when to retire
Replies: 20
Views: 2498

Re: Financing retirement before SS - when to retire

I would say you are easily there now. Set aside 8-10 years of $45k in safe assets to withdraw from 60 through 70.Let the rest grow in a reasonable asset allocation and then you will have SS plus a decent sized portfolio to live off from 70 for the rest of your life. Should be more than enough. +1 N...
by Watty
Sat Jul 23, 2016 7:53 am
Forum: Investing - Theory, News & General
Topic: unusual/unique/creative provisions in IPS?
Replies: 10
Views: 639

Re: unusual/unique/creative provisions in IPS?

perhaps adding a quirky provision You could add a provision in it that if you ever need to change the IPS then you will give a $100 donation to a charity or political group that you are strongly against. That would help keep you from changing it without real good cause. It shouldn't be fun - slow a...
by Watty
Sat Jul 23, 2016 7:38 am
Forum: Investing - Theory, News & General
Topic: Reliving the Nightmare of the Crisis
Replies: 119
Views: 8378

Re: Reliving the Nightmare of the Crisis

What did you learn that you continue to apply today? That for someone that is still in the accumulation phase a bad market is actually a good thing for them. (assuming that it eventually recovers). I was in my early 50's in 2008 and seeing the value of my 401k shrink when I was not far from from re...

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