Search found 7700 matches

by Watty
Wed May 18, 2016 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Most affordable option for a will
Replies: 61
Views: 3637

Re: Most affordable option for a will

Just FYI, one thing to remember is that the beneficiary on accounts like IRA's will usually supersede what a will says so be sure to keep that up to date. Naming a trust as a beneficiary of an IRA can cause all sorts of problems if it is not done exactly right so that is one situation were using a l...
by Watty
Mon May 02, 2016 10:47 pm
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 138
Views: 19212

Re: I bought the wrong car - know it after 15 days

When you are looking at your options also be sure to factor in sales tax and car registration fees since swapping to a different car could cause you to pay those again.

Do you have a spouse that could use that car? If so would you be Ok being a passenger in it?
by Watty
Mon May 02, 2016 10:39 pm
Forum: Personal Consumer Issues
Topic: Buying a house, but sold as is?
Replies: 27
Views: 2550

Re: Buying a house, but sold as is?

It still is not clear if you can get out of the deal if an inspection finds any problems. If the seller is just trying to make sure that he is not "required" to make repairs that is not a big deal as long as you can still get out of the deal and get any earnest money back. If you can walk ...
by Watty
Mon May 02, 2016 3:20 pm
Forum: Personal Consumer Issues
Topic: Experience with Honda airbag recall?
Replies: 98
Views: 13544

Re: Experience with Honda airbag recall?

I got a voice message on Friday that my Honda Fit was ready but I wasn't able to pick it up until today. I had the rental for 35 days and according to the paperwork I got it cost Honda over $1,200 for the car rental and $240 for the airbag part. The car had been left at the dealership. It smelled ju...
by Watty
Mon May 02, 2016 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Potential Employer was excited to hire me! Then silence... What did I do?
Replies: 60
Views: 6351

Re: Potential Employer was excited to hire me! Then silence... What did I do?

I just reread your post and realized that these were both with the same school district so in affect it sound like the same HR director blocked both jobs. It would be worth calling that HR director and asking if there was some negative information that could have been a mistake. It also occurred to ...
by Watty
Mon May 02, 2016 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Potential Employer was excited to hire me! Then silence... What did I do?
Replies: 60
Views: 6351

Re: Potential Employer was excited to hire me! Then silence... What did I do?

From experience, I suspect that a reference tells your spouse one thing and then tells prospective employers another thing. They do this only over the phone and never in writing or e-mail. You can have someone you know call her references saying that they work for the HR department of the "Bog...
by Watty
Sun May 01, 2016 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Buy the Retirement House?
Replies: 17
Views: 1841

Re: Buy the Retirement House?

There is the potential in this scenario to have 2 mortgages at the same time, but I think that with our cash reserves and income stream, that we can pay one off rather quickly, even immediately if the need arises, or we can just cash flow both of them with our cash reserves until we sell the TX one...
by Watty
Sun May 01, 2016 4:42 pm
Forum: Personal Consumer Issues
Topic: How do Bogleheads TRAVEL?
Replies: 81
Views: 8078

Re: How to Bogleheads TRAVEL?

For me the key is trying to be flexible in order to go with where and when you can get the best value for your money. At one time or another I have done most of the things on your list because they happened to be the best choice at the time. I am getting ready for a trip to Spain and in one city we ...
by Watty
Sun May 01, 2016 7:21 am
Forum: Personal Finance (Not Investing)
Topic: landlord problem
Replies: 29
Views: 2838

Re: landlord problem

I might have missed it but how old is the oven? If it is 25 or 5 years old that makes a difference as to what is reasonable. There should be a label on it with the serial number and the date of manufacture. If you have not already done it then be sure to Google the manufactures part number since you...
by Watty
Sat Apr 30, 2016 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Africa
Replies: 11
Views: 815

Re: Investing in Africa

I'm thinking the upside could be worth it. Aside from all the other problems it would be hard to justify investing enough in it to realistically make a big enough different in your portfolio to be worthwhile. For example if you invested 5% of your portfolio in African investments and it did great a...
by Watty
Sat Apr 30, 2016 10:01 pm
Forum: Personal Consumer Issues
Topic: Roof replacement and insurance coverage for hail damage
Replies: 30
Views: 1638

Re: Roof replacement and insurance coverage for hail damage

jabberwock wrote:Have your roof inspected by a reputable roofing company. If you roof is truly damaged, you should definitely make an insurance claim.


You can also pay for an roof inspector that is not working for an roofing company to inspect the roof.
by Watty
Sat Apr 30, 2016 9:49 pm
Forum: Personal Consumer Issues
Topic: remodel: energy-independent house!
Replies: 37
Views: 2843

Re: remodel: energy-independent house!

....my remodel plans for 1950 old ranch house... That could be like trying to make a race car out of an original Volkswagen Beetle. People do it but the results are not likely what you would think of when someone says "race car" and after spending a lot of money they still have a Volkswag...
by Watty
Sat Apr 30, 2016 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: 401k My New employer is offering... after 1yr. Matching percent not Understood. Please help.
Replies: 13
Views: 1091

Re: 401k My New employer is offering... after 1yr. Matching percent not Understood. Please help.

You also need to look through the paperwork to find the vesting schedule. With some companies there may be a five years vesting schedule(or some other schedule) where you only get to keep part of the match if you leave for any reason before a specified date. This may be incremental so that each year...
by Watty
Sat Apr 30, 2016 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Change of Lifestyle in Retirement/Mobility
Replies: 9
Views: 1586

Re: Change of Lifestyle in Retirement/Mobility

I have not done anything like that but one thing to do would be to figure out that where your establish your tax residence while you are traveling so that you would have a low or zero state tax burden. This can more than just the state income taxes since you would also have things like sales tax whe...
by Watty
Sat Apr 30, 2016 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: multiple rental property help
Replies: 4
Views: 619

Re: multiple rental property help

naptime wrote:I know there are advantages to both. If we were to rent it to them, we would charge them fair market value and would be added to our current rental real estate portfolio.


How does that help them?
by Watty
Sat Apr 30, 2016 6:18 pm
Forum: Investing - Theory, News & General
Topic: Altering the glide path
Replies: 11
Views: 1148

Re: Altering the glide path

No. If you had not be saving anything for college but you were just now setting the money aside for college after receiving something like an inheritance you would select the same asset allocation as someone that invested the money before a big drop.
by Watty
Sat Apr 30, 2016 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: No Income - Convert some Traditional IRA money to Roth IRA?
Replies: 16
Views: 1371

Re: No Income - Convert some Traditional IRA money to Roth IRA?

Polar_Ice wrote:married/separately


If you are in the process of getting divorced then it would be good to check with your lawyer to make sure that the conversion does not affect your income in any divorce settlement financial calculations.
by Watty
Sat Apr 30, 2016 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: No Income - Convert some Traditional IRA money to Roth IRA?
Replies: 16
Views: 1371

Re: No Income - Convert some Traditional IRA money to Roth IRA?

If you are getting any things like financial aid, health care subsidies, or kids getting college income based financial aid then you would also need to consider if having the income from the conversion would affect those. You would also need to look to see if you would owe any state income tax the c...
by Watty
Sat Apr 30, 2016 4:42 pm
Forum: Personal Consumer Issues
Topic: Off to Australia - need advice
Replies: 49
Views: 3207

Re: Off to Australia - need advice

They think "Woolloomooloo" is a perfectly reasonable name for a place,that "Wagga Wagga" can be abbreviated to "Wagga", but "Woy Woy" can't be called "Woy". In New Zealand we got a bit lost and when we stopped to figure out where we were it turned o...
by Watty
Fri Apr 29, 2016 9:14 pm
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 43
Views: 5255

Re: Major home renovation your thoughts

They may also get a significant reduction in their home insurance cost.
by Watty
Fri Apr 29, 2016 9:11 pm
Forum: Personal Consumer Issues
Topic: cost to replace furnace
Replies: 8
Views: 876

Re: cost to replace furnace

Last time I replaced mine it came with a ten year parts and labor warranty, with the requirement that I have it serviced each year by the company that installed it. I don't recall what I paid but I had the A/C replaced at the same time. You can likely google the exact model number to see what other ...
by Watty
Fri Apr 29, 2016 6:31 am
Forum: Investing - Theory, News & General
Topic: Almost bought an individual stock today...
Replies: 44
Views: 3991

Re: Almost bought an individual stock today...

When the topic of our competitor Amazon came up, one thing he casually said is "I don't know why everybody doesn't buy AMZN stock, they are going to be the biggest company in the world in 10 years. Their Prime subscriber base alone is mind blowing." "You know it's time to sell when s...
by Watty
Thu Apr 28, 2016 10:24 pm
Forum: Personal Consumer Issues
Topic: How do you stop robo-calls/unwanted calls?
Replies: 60
Views: 4805

Re: How do you stop robo-calls/unwanted calls?

If your landline is VOiP check nomorobo.com to see if your service has approved them. I have it since I read about it on this forum and it works great. Some calls slip through and I just go to their website and report the phone #. Basically if they recognize it as a robo call they disconnect it aft...
by Watty
Thu Apr 28, 2016 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Young Male Living with Parents
Replies: 83
Views: 4680

Re: Young Male Living with Parents

If you are all content with your arrangement, good for you. +1 There is no hurry to buy a house and lots of reasons to delay until you are a bit older. Several times I have seen promotions and job offers go to the person who could relocate the easiest. In one case there was a problem where a manage...
by Watty
Thu Apr 28, 2016 3:10 pm
Forum: Personal Consumer Issues
Topic: Atlanta in August -- worth it?
Replies: 51
Views: 2852

Re: Atlanta in August -- worth it?

People like to whine about the summer heat here but that is overblown. It rarely gets above 100 degrees here and while it is humid it really isn't that much more unpleasant than many other places This is because the elevation is about 1,000 feet above sea level which is one of the higher elevations ...
by Watty
Thu Apr 28, 2016 1:44 pm
Forum: Personal Consumer Issues
Topic: Semi-Retirement and Mexico/Central America
Replies: 14
Views: 1539

Re: Semi-Retirement and Mexico/Central America

....as per my later point - USA government i'm sure would reject me anyway. If you have not done it already it would be worth talking to an immigration lawyer about what it would take to get US residency or citizenship just to make sure since this is such a big decision. You very well could be corr...
by Watty
Thu Apr 28, 2016 12:17 pm
Forum: Personal Consumer Issues
Topic: Car Seat for vacation car rental
Replies: 24
Views: 1052

Re: Car Seat for vacation car rental

It has been a while but can't you just use his car seat on the airline seat?

That would be a lot safer too in case there was a crash or bad turbulence.
by Watty
Thu Apr 28, 2016 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Should a 60 yr old buy her first house?
Replies: 27
Views: 2643

Re: Should a 60 yr old buy her first house?

Watty wrote: I disagree with not considering the house to be a financial hedge though. Buying with a 30 year fixed rate mortgage is an excellent hedge against inflation. It protects against rent increases since your mortgage payment would be fixed and if inflation is higher than your interest rate ...
by Watty
Thu Apr 28, 2016 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Is changing career paths to make less money ever a smart move?
Replies: 26
Views: 2272

Re: Is changing career paths to make less money ever a smart move?

It would be a significant pay decrease ($180K to $65K) but the $65K does come with benefits where the $180K does not. The first thing I would do would be to figure out what the bottom line difference would after adjusting for taxes, benefits, and the cost of living in the different area. I would al...
by Watty
Thu Apr 28, 2016 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Should a 60 yr old buy her first house?
Replies: 27
Views: 2643

Re: Should a 60 yr old buy her first house?

I worry about considering a home purchase as a financial hedge. Often, it simply doesn't work that way. Please don't assume you'll be able to sell a home for a profit - that isn't always the case, and certainly isn't something you can depend on. +1 on not expecting for the price to go up. I disagre...
by Watty
Thu Apr 28, 2016 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Should a 60 yr old buy her first house?
Replies: 27
Views: 2643

Re: Should a 60 yr old buy her first house?

In my area there are senior communities where the landscaping is included in the monthly fees. It takes a while to find a good one but I have known people that had good handymen that they would regularly hire for a half a day every couple of months. In renting you are just paying someone else to do ...
by Watty
Wed Apr 27, 2016 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should a 60 yr old buy her first house?
Replies: 27
Views: 2643

Re: Should a 60 yr old buy her first house?

Need advice. I'm 60 and want find my home for the rest of my life. I plan to retire in 5 yrs. I've never owned real estate...always rented. I have $145K saved in 401K and MM accounts, SS will be about $2100/month. I will have a housing payment either way in my retirement...either rent or a mortgage...
by Watty
Wed Apr 27, 2016 8:26 pm
Forum: Investing - Theory, News & General
Topic: Windfall - Payoff Car or Keep it Invested
Replies: 13
Views: 1056

Re: Windfall - Payoff Car or Keep it Invested

There is a wiki on this. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing When questions like come up I like to turn the questions around and ask something like "I have a paid off car. Should I get a car loan so that I can invest the money?" This is really the same questi...
by Watty
Wed Apr 27, 2016 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of relocation packages have you gotten?
Replies: 15
Views: 2090

Re: What kind of relocation packages have you gotten?

For a cross country relocation with the same company during a merger they paid for the house selling and buying costs grossed up. They also paid for a moving company and gave a small bonus to cover incidentals. As I recall other than the moving van most expenses were taxable to me. I was in a higher...
by Watty
Wed Apr 27, 2016 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - 31yo married filed jointly
Replies: 7
Views: 828

Re: Portfolio Review - 31yo married filed jointly

silvervknight wrote: Haha, thanks for seeing the humor in all this. You stated I can use it to offset ordinary income taxes each year? How is it each year? Is $3000 the maximum per year? Thanks for clarifying.



You can deduct $3,000 a year and any extra will carry forward to the next year.
by Watty
Wed Apr 27, 2016 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Pension buy outs ???
Replies: 19
Views: 2249

Re: Pension buy outs ???

With 20 years until the pension starts there is a lot of inflation risk. Until you get the details there isn't much you can do other than get an ulcer trying to figure this out without all the pieces of the jigsaw puzzle. I would try to put it aside until you get the details and then post the details.
by Watty
Wed Apr 27, 2016 6:45 pm
Forum: Personal Consumer Issues
Topic: Should I accept this offer on my house?
Replies: 52
Views: 3644

Re: Should I accept this offer on my house?

There is no way for us to know what a fair price is. One potential problem is that if you keep the house for another year or more then interest rates could rise and the housing market could cool off from slow to dead. Yep- accept offer but the house "as is". That sucks them in and commits ...
by Watty
Wed Apr 27, 2016 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Help me better understand Traditional vs Roth factors.
Replies: 26
Views: 1562

Re: Help me better understand Traditional vs Roth factors.

Sorry to confuse this, but has everyone against the Roth considered folks who make too much to contribute to a tIRA with full tax deferrability, but can contribute the $5,500 to a Roth? Seems like many of us (>$118k mfj <$183k) have the Roth as the only option. Or would you then skip the Roth and f...
by Watty
Wed Apr 27, 2016 6:50 am
Forum: Personal Finance (Not Investing)
Topic: I-bonds versus mortgage.
Replies: 11
Views: 1585

Re: I-bonds versus mortgage.

debating whether to sink 10K into I-bonds , versus continue to pay down mortgage . age 43 tax bracket federal 39% state 0% mortgage 4.125% ( 75K balance ) , estimated after tax interest rate of ~4% due to deduction phaseouts The deduction phaseout affects the deductible part first. If you pay off $...
by Watty
Tue Apr 26, 2016 10:44 pm
Forum: Personal Consumer Issues
Topic: BH Way of Landscaping?
Replies: 42
Views: 3725

Re: BH Way of Landscaping?

So I'm on round two of trying to properly fill in several large patches in my lawn. After $250 in tools/seed/fertilizer, I'm finally seeing grass. However, there's a lot of weeds in there and I have a feeling my yard is going to be a beautiful collection of plant life...rather than just being grass...
by Watty
Tue Apr 26, 2016 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pension buy outs ???
Replies: 19
Views: 2249

Re: Pension buy outs ???

When you left the job last fall then your pension was basically frozen at that time. If you were still working and accruing pension credits this would be a lot bigger deal. Depending on your plan you may have already had the option to take a lump sum. There is a wiki on this that you should read. ht...
by Watty
Tue Apr 26, 2016 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Help me better understand Traditional vs Roth factors.
Replies: 26
Views: 1562

Re: Help me better understand Traditional vs Roth factors.

There is a wiki on this if you have not seen it. https://www.bogleheads.org/wiki/Traditional_versus_Roth One of the reasons that the "which is better" question is so hard to answer is that for many people having a mixture of account types is the right answer. One thing that you really need...
by Watty
Tue Apr 26, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: I-bonds versus mortgage.
Replies: 11
Views: 1585

Re: I-bonds versus mortgage.

am I missing something? Paying down the mortgage essentially gets you the equivalent of a tax free no risk 4% return. With the current low interest rates if you buy an ibond instead you are pretty much guaranteed to loose purchasing power when you eventually redeem it and pay the taxes on the infla...
by Watty
Tue Apr 26, 2016 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Please review my Investment Policy Statement
Replies: 15
Views: 1457

Re: Please review my Investment Policy Statement

It would be good that investment plan should document the medium-term goals (like a new car, a home purchase, starting a business and education expenses for children) next to the long-term goals like retirement. +1 That is what I was going to suggest. I would also add a section on setting a budget ...
by Watty
Tue Apr 26, 2016 1:54 pm
Forum: Personal Consumer Issues
Topic: Holes in the heels of black dress socks
Replies: 30
Views: 1949

Re: Holes in the heels of black dress socks

The price of cotton really spiked in 2011 and a lot of companies switched to other less expensive blends, not just with socks, and they have been slow to switch back. http://www.indexmundi.com/commodities/?commodity=cotton&months=120 That is one of the reasons that the general quality of clothin...
by Watty
Tue Apr 26, 2016 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: 1M net worth, need help investing
Replies: 15
Views: 2564

Re: 1M net worth, need help investing

It would help to edit your post to put it in more of this format since which fund to use could vary based on what type of account it is in. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 You should also add the name of the funds and the expense ratios to your post. The most general su...
by Watty
Tue Apr 26, 2016 1:02 pm
Forum: Personal Consumer Issues
Topic: Off to Australia - need advice
Replies: 49
Views: 3207

Re: Off to Australia - need advice

If we were to rent a car, I am still unclear on the liability insurance aspect. What is the "excess" that they are referring to? I do not get it. The excess is the way they say the deductible. If you have a $1,000 excess and you wreck the car you would need to pay the $1,000. Australia is...
by Watty
Tue Apr 26, 2016 6:17 am
Forum: Investing - Help with Personal Investments
Topic: Some life changes - Could use a check-up
Replies: 4
Views: 615

Re: Some life changes - Could use a check-up

It would be good to edit your post to add the fund names in addition to the symbols so that people can see what they are. One thing that stands out is that you don't have a good mortgage rate. I would look at using the $90K check to help pay down the mortgage amount to below the limit for Jumbo loan...
by Watty
Mon Apr 25, 2016 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with money (first world problem)
Replies: 15
Views: 2771

Re: What to do with money (first world problem)

At your income level dealing with a rental with a backed up toilet or taking an afternoon off work to deal with a contractor makes little sense. If you want more real estate exposure then buy a REIT in one of your retirement accounts. If you don't already have it putting money into a car fund to pay...
by Watty
Mon Apr 25, 2016 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Relo Benefits Grossed Up
Replies: 5
Views: 407

Re: Relo Benefits Grossed Up

Did you include FICA and state taxes in your calculations?

If not that could be part of the difference.

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