Search found 7053 matches

by Watty
Wed Feb 10, 2016 12:14 am
Forum: Personal Consumer Issues
Topic: Any audible users out there? Worth it?
Replies: 18
Views: 748

Re: Any audible users out there? Worth it?

If you wanted to save money, you should be able to get books on CD from your local library. +1 In addition CDs our local libraries have a service where you can download many books pretty much like Audible but their selection is of course not as good. My wife listens to these all the time and will l...
by Watty
Tue Feb 09, 2016 11:52 pm
Forum: Personal Consumer Issues
Topic: Repair old car or buy new? A car illiterate needs some help
Replies: 22
Views: 811

Re: Repair old car or buy new? A car illiterate needs some help

Given your income, savings, and how you feel about cars, there is no question in my mind that you should just buy a new, reliable car, like a Civic or Corolla or Prius. +1 Going on and fixing the car then starting to shop for a new car would likely make sense. That way you could sell the car for a ...
by Watty
Tue Feb 09, 2016 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Move to another house after 10 months??
Replies: 19
Views: 1120

Re: Move to another house after 10 months??

Are there good schools where the new house is? How much will the home insurance cost for the new house cost? Between the pond and likely not being near a fire hydrant the insurance might be more expensive than you are expecting. I have 38K in an emergency fund, plus an 100K taxable account, I could ...
by Watty
Tue Feb 09, 2016 5:27 pm
Forum: Personal Consumer Issues
Topic: Math and Computer Science
Replies: 47
Views: 1849

Re: Math and Computer Science

My son got a BS in computer science a few years ago and the second semester of calculus was a killer for him and a lot of other CS students. I think he had to take it at least three times to pass. He finally did and you have never seen someone so happy to get a C. There are a lot of different aspect...
by Watty
Tue Feb 09, 2016 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead newbies, need portfolio help please.
Replies: 6
Views: 490

Re: Boglehead newbies, need portfolio help please.

1. I feel that the fund choices and ER in the nationwide account are exorbitant. Should I consider a Nationwide target date fund instead? Should I open and contribute to a Roth IRA through VG instead? Then anything over the max contribute to Nationwide? The reason I like the Nationwide is because i...
by Watty
Tue Feb 09, 2016 11:01 am
Forum: Personal Consumer Issues
Topic: Planning a High-Value Wedding Regardless of Cost
Replies: 55
Views: 2676

Re: Planning a High-Value Wedding Regardless of Cost

A couple of things; We had the rehearsal dinner at a nice chinese restaurant on a weekday evening. They were not busy on at all on weeknights after about 7:00 PM so they just set up an oriental partition and let us use half the restaurant for just the price of the food. I think we provided a few bot...
by Watty
Tue Feb 09, 2016 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Rental car for weekend trip to save on miles on new car?
Replies: 36
Views: 1908

Re: Rental car for weekend trip to save on miles on new car?

Another consideration is that with a rental car you will have to deal with the mechanics of getting to and from the rental car office to pick it up and drop it off.
by Watty
Tue Feb 09, 2016 8:27 am
Forum: Investing - Theory, News & General
Topic: $2 Trillion Valuation
Replies: 12
Views: 1079

Re: $2 Trillion Valuation

It is not impossible but there is an old saying, "Trees don't grow to the sky.", which is way of saying that once things get large there are often limiting factors that make it harder and harder for them to get larger until it gets to the point where they stop getting bigger. One of these ...
by Watty
Tue Feb 09, 2016 8:06 am
Forum: Investing - Theory, News & General
Topic: Why has Oil become such a dominant market influencer?
Replies: 61
Views: 3208

Re: Why has Oil become such a dominant market influencer?

Why has Oil become such a dominant market influencer?


Correlation does not imply causation

https://en.wikipedia.org/wiki/Correlati ... _causation

It is just as possible that they are just both being influenced by the same other factors or that it is somewhat random coincidence.
by Watty
Tue Feb 09, 2016 7:34 am
Forum: Investing - Theory, News & General
Topic: iBond buying strategy: One Lump or Multiple Buys?
Replies: 32
Views: 1639

Re: iBond buying strategy: One Lump or Multiple Buys?

You might only make $10 this year, but if inflation goes up dramatically you will make a lot more in the future. And the point of inflation protection is not asset growth, it is asset preservation. What matters is in real, not in nominal terms, and you beat inflation. If you make $10 in a deflation...
by Watty
Tue Feb 09, 2016 12:51 am
Forum: Investing - Help with Personal Investments
Topic: Mid-seven figure portfolio--help?
Replies: 14
Views: 2334

Re: Mid-seven figure portfolio--help?

with a mid-seven figure portfolio. You are at the point where estate taxes will need to be paid so you should really have professional estate planning. If your portfolio grows a lot over another decade or two and you don't have good estate planning then your estate could owe a lot of estate taxes. ...
by Watty
Tue Feb 09, 2016 12:24 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell investment property
Replies: 15
Views: 963

Re: Should I sell investment property

Keeping your current house as a rental would not make any sense because you would lose the homeowners capital gains tax exclusion after renting it for a few years. I own 3 properties (1 primary SFH & 2 Condos). Bought my primary residence about 6 years ago which has appreciated about $300K. Both...
by Watty
Tue Feb 09, 2016 12:23 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell investment property
Replies: 15
Views: 963

Re: Should I sell investment property

deleted - duplicate post.
by Watty
Mon Feb 08, 2016 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Move 1M from 401k at 59 ½ ?
Replies: 17
Views: 2077

Re: Move 1M from 401k at 59 ½ ?

If the 401K is invested in company stock the there can be special rules that might trigger taxes when it is removed from the 401K. I am not current on what the rules are so you would want to research this if you have company stock. The full term is "in service non hardship withdrawal " but...
by Watty
Mon Feb 08, 2016 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Help simplify an old account
Replies: 5
Views: 378

Re: Help simplify an old account

Sometimes it makes sense to keep the old investments if the capital gains taxes would cost too much. The first thing to do would be to figure out the tax impact. If you have had these for a long time and dividends have been reinvested then the cost basis might be a bit difficult to figure out if you...
by Watty
Mon Feb 08, 2016 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: 10% Mortgage Down payment
Replies: 29
Views: 2558

Re: 10% Mortgage Down payment

We are debt free and should be able to save approximately 10% (in addition to an emergency fund). I you have paid off cars that have significant value it might make sense to get car loans if that cash would be enough to not pay PMI and you could make both the house and car payments. You would of co...
by Watty
Mon Feb 08, 2016 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Huge Federal Tax Return
Replies: 16
Views: 2569

Re: Huge Federal Tax Return

FYI, H&R block has a promotion where is you take your refund in gift cards you can get a 10% bonus. I am not sure of the details. You can also get up to $5,000 in paper iBonds from your refund if that is something that you would want. Instead of trying to get your withholdings just right you mig...
by Watty
Mon Feb 08, 2016 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: 401(k) Loan, Changing Jobs
Replies: 22
Views: 571

Re: 401(k) Loan, Changing Jobs

It would be interesting to hear if he was out looking for a job or if you found him when he was not actively job hunting. If he was out job hunting then he likely already has a plan on how to handle the 401k loan but he is looking for you to pay for it. What were his plans if he was laid off? Most p...
by Watty
Mon Feb 08, 2016 11:47 am
Forum: Investing - Theory, News & General
Topic: Vacation Homes
Replies: 27
Views: 2910

Re: Vacation Homes

I think that unless you are very wealthy, a vacation home is bad idea. Vacation homes involve a lot of extra expense and a lot of extra trouble. It is much easier and cheaper to just rent a house when you go on vacation than to own a vacation home. In most cases, when you sell the vacation home, th...
by Watty
Mon Feb 08, 2016 1:13 am
Forum: Personal Consumer Issues
Topic: Canadian dollar
Replies: 19
Views: 1352

Re: Canadian dollar

You might be able to pre-pay some of your large expenses like hotel rooms and rental cars to lock in the costs. Of course that also limits your ability to change your plans. or cancel the trip if you need to. Unless you are staying for an extended period of time then you are likely looking at spendi...
by Watty
Mon Feb 08, 2016 12:46 am
Forum: Personal Finance (Not Investing)
Topic: refinancing for high rate
Replies: 12
Views: 847

Re: refinancing for high rate

I can pay $70000 tomorrow if I need to. This is not about of luck of money but need to free some for purpose that I can't explain here and it has to be from monthly mortgage payment In that case you might see if the lender will recast your mortgage(Google that) if you make something like a $20,000 ...
by Watty
Mon Feb 08, 2016 12:36 am
Forum: Investing - Help with Personal Investments
Topic: Need advice on my next Rental Investment
Replies: 8
Views: 776

Re: Need advice on my next Rental Investment

One other problem that you will have to be prepared for is that you may be sued if one of your renters does something to another. I recall a news story about a situation where there were single room rentals like this and one renter sexually assaulted another and the owner was sued for not properly s...
by Watty
Sun Feb 07, 2016 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 73
Views: 6281

Re: I Lost My FInancial Brain - Please Help

A1) "use $199K cash to immediately pay off that mortgage, and rent it, or move there and rent my current house" If you are planning on renting out the house you currently live in and it has gone up in price since you bought it then you should check out the details on the "homeowners ...
by Watty
Sat Feb 06, 2016 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: is it realistic for me to retire in 15 years?
Replies: 22
Views: 2391

Re: is it realistic for me to retire in 15 years?

I didn't try to crunch the numbers but if you keep saving like you are then it will be easy to retire at 40. The big question is if you would have enough to life the lifestyle that you want. Also any other advice you can give. Retiring in a low cost of living area makes it a lot easier. As you trave...
by Watty
Sat Feb 06, 2016 11:04 pm
Forum: Personal Consumer Issues
Topic: Traveling in Retirement
Replies: 57
Views: 4186

Re: Traveling in Retirement

Once you have kids traveling becomes a lot more complicated and if you need to buy airline tickets a lot more expensive too. You are also limited to the times when school is out which is often the most expensive and most crowded time of year to travel. If can also be a hard time to schedule time off...
by Watty
Sat Feb 06, 2016 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing without selling
Replies: 15
Views: 1103

Re: Rebalancing without selling

I am interested in knowing about tools/spreadsheet that I can use to calculate the new contribution %. I'm not sure what you are asking for. Wouldn't you just put 100% if new contributions into the asset class that is underweighted? If you have not done it already you can also change the accounts s...
by Watty
Sat Feb 06, 2016 10:03 pm
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 65
Views: 7926

Re: The Gravy Train Departed?

Another thought. There have been several pessimistic threads expressing doubts about how good investing in the upcoming decades will be. As odd as it sounds, a pattern like that is a wonderful portent of things to come over the long term(not the next six months) since it shows that there is not wide...
by Watty
Sat Feb 06, 2016 9:41 pm
Forum: Investing - Theory, News & General
Topic: Taxable account strategy for delaying Social Security
Replies: 15
Views: 1427

Re: Taxable account strategy for delaying Social Security

We will not have enough room in backdoor Roth IRA's to get our bond position high enough to reach our desired allocation. After much thought and reading, we have decided to add Vanguard Tax Exempt Intermediate Term (VWITX) as well. If you have a mortgage then it would be good to compare paying down...
by Watty
Sat Feb 06, 2016 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling 300K to Vanguard
Replies: 12
Views: 995

Re: Rolling 300K to Vanguard

Hi everyone, would like advice/ideas on where to put 300k at Vanguard. This is my 403b from last employer. If you were happy with what you were invested in within the 403b then just invest it in the same or most similar fund at Vanguard. Plan to retire in my 70s. It would be best to plan on having ...
by Watty
Sat Feb 06, 2016 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Pension options vs. Term Life policy
Replies: 15
Views: 1031

Re: Pension options vs. Term Life policy

So lets say I would receive $4,300/month under the max option and $650 less a month under the beneficiary option, $7,800 less a year for the ability to have the pension continue for my beneficiary. That extra $650 would be taxable income so after paying taxes on it you might have around $500 a mont...
by Watty
Sat Feb 06, 2016 8:52 pm
Forum: Investing - Theory, News & General
Topic: Impact of Obamacare on investment decisions
Replies: 57
Views: 2893

Re: Impact of Obamacare on investment decisions

One thing to factor into your calculations is that the long term capital gains tax rate is zero up to the top of the 15% tax bracket. With the standard deduction and personal exemptions that means that a couple can have about 90K in long capital gains and pay zero federal income taxes if they don't ...
by Watty
Sat Feb 06, 2016 8:35 pm
Forum: Personal Consumer Issues
Topic: Chicken rub
Replies: 34
Views: 2200

Re: Chicken rub

I'm a guy, I'm lazy, I have a decidedly unsophisticated palate.* Anyone use a premixed dry rub on skinless chicken? Care to recommend a brand ... or ... a very quick easy mix? Whatever rub you use try doing cooking it in cast iron. For a lazy guy in addition to cast iron being a bit cowboy macho yo...
by Watty
Sat Feb 06, 2016 7:22 pm
Forum: Personal Consumer Issues
Topic: Three devices = redundancy
Replies: 45
Views: 6689

Re: Three devices = redundancy

I have a flip phone that cost less than $20 and I am on a plan that costs about $7 a month for more minutes than I will ever use. Who is you plan with for $7 a month? Thanks Virgin Mobile but that is an old plan, I actually pay about $21 every 90 days. I don't know if you can still get something li...
by Watty
Sat Feb 06, 2016 12:48 pm
Forum: Investing - Theory, News & General
Topic: The Gravy Train Departed?
Replies: 65
Views: 7926

Re: The Gravy Train Departed?

There is an old quote, “In the short run, the market is a voting machine but in the long run, it is a weighing machine.” by Benjamin Graham who was one of the original pioneers of modern investing. In a lot of ways he basically taught Warren Buffett how to invest. All the automated trading does chan...
by Watty
Sat Feb 06, 2016 11:32 am
Forum: Personal Consumer Issues
Topic: Forced to sell a an expensive vehicle at the wrong time how to handle???
Replies: 23
Views: 2391

Re: Forced to sell a an expensive vehicle at the wrong time how to handle???

One thing you should do is study your companies insurance policy and see if there are any exclusions to it that you might want to know about ahead of time. Also check to see of other people can drive it and be covered by the insurance. Even if you don't normally let other people drive your car you ...
by Watty
Sat Feb 06, 2016 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Costco AMEX Transition - Costco has no answers
Replies: 45
Views: 4488

Re: Costco AMEX Update

It has been decades since they could send you an unsolicited credit card so I was not expecting them to automatically send me a Costco Visa card so I was a bit curious on how that would work out. I also have freeze on my credit reports. I have other AMEX and Visa cards so I am not really concerned b...
by Watty
Sat Feb 06, 2016 10:47 am
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 73
Views: 6281

Re: I Lost My FInancial Brain - Please Help

Time to put on the brakes. I think this fidelity adviser is razzling and dazzling you into submission. He is playing a lot of sweet music and whispering sweet nothings in your ear. +1 A fundamental rule of investing is to not invest in something that you don't fully understand. There is nothing wro...
by Watty
Fri Feb 05, 2016 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 73
Views: 6281

Re: I Lost My FInancial Brain - Please Help

No, I do not get 2.8 in the end, I get 4%, they get 1.2 - the product must generate 5.2 total - at least that is how I understood it (if I have $100K invested, I thought it meant I get $4000 return, they get $1200, and I still have the initial $100K, not $100K minus $1200 - but I am clueless about ...
by Watty
Fri Feb 05, 2016 9:24 am
Forum: Personal Consumer Issues
Topic: Purchasing Business Class Tickets
Replies: 37
Views: 3312

Re: Purchasing Business Class Tickets

Flying from Atlanta can be expensive if Delta is the only company that flies that route. I was looking at similar flights this spring and one of the problems is that not many companies have direct flights to Lisbon. One alternative to Lisbon to look at is to fly one leg of the trip from or to Malaga...
by Watty
Fri Feb 05, 2016 12:05 am
Forum: Investing - Help with Personal Investments
Topic: Need advice - 1st time investor
Replies: 11
Views: 669

Re: Need advice - 1st time investor

Here are a few wikis that you should read. https://www.bogleheads.org/wiki/Managing_a_windfall https://www.bogleheads.org/wiki/Getting_started The Boglehead books are also a good first investing resource, your local library may have them. http://www.amazon.com/s/?search-alias=aps&tag=bogleheads....
by Watty
Thu Feb 04, 2016 11:28 pm
Forum: Investing - Theory, News & General
Topic: Take the Verb Tense Pledge!
Replies: 69
Views: 3763

Re: Take the Verb Tense Pledge!

It would also be good to pledge not to correct people's grammar if you can understand what they mean. Some people that post here do not speak English as their first language, and there are some posters that need help that don't have a lot of education. Even if you are not correcting their grammar, s...
by Watty
Thu Feb 04, 2016 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 73
Views: 6281

Re: I Lost My FInancial Brain - Please Help

Sorry to hear about your loss, but I am glad that you were able to avoid the "sharks". It is amazing just how bad they can be and the things they can do. If you find that you do need help then, in addition to asking here, Vanguard does provide financial advisors for a lower fee than most p...
by Watty
Thu Feb 04, 2016 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC or Buy Next Car
Replies: 13
Views: 1085

Re: HELOC or Buy Next Car

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


I would just save of several tens of thousands of dollars in a taxable account and then decide what to do. With your income you really should not be needing to juggle a home equity loan can buying a car unless there is something else going on.
by Watty
Thu Feb 04, 2016 6:58 pm
Forum: Personal Consumer Issues
Topic: Sibling's destination wedding?
Replies: 110
Views: 6013

Re: Sibling's destination wedding?

I wonder why people choose to have expensive far-flung wedding destinations? Is it to allow the couple to deeply cull the guest list? That is often the reason and I have even heard of people panicking when too many people decided to go actually go to the wedding. One problem with going by yourself ...
by Watty
Thu Feb 04, 2016 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of early retirement on Social Security
Replies: 5
Views: 491

Re: Impact of early retirement on Social Security

I didn't check but doesn't the Retirement estimator on the SS web site allow you to specify when you stop working? If not you can download their AnyPia software and do the detailed calculations. You would of course want to look at your specifics but if you have 35 years of anywhere near similar inco...
by Watty
Thu Feb 04, 2016 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Nearing retirement but annual contribution still very significant
Replies: 40
Views: 3277

Re: Nearing retirement but annual contribution still very significant

That said; The way that I looked at this was that if I worked another year and ended up with an extra $100,000 in my retirment accounts(compared to if I had taken withdrawals for a year) then at a 4% safe withdrawal rate I would have an extra $4,000 a year in retirment income, but only net around $...
by Watty
Thu Feb 04, 2016 9:45 am
Forum: Personal Finance (Not Investing)
Topic: 45% of Income On Rent
Replies: 39
Views: 2656

Re: 45% of Income On Rent

Spewin wrote:Can you find another roommate?


+1

If not the even a one bedroom is too expensive over the long term and you should move to someplace less expensive when your lease expires in August.
by Watty
Wed Feb 03, 2016 12:20 pm
Forum: Personal Consumer Issues
Topic: How to stop MS loading Windows 10?
Replies: 32
Views: 2492

Re: How to stop MS loading Windows 10?

Wow, more problems! For 7 years we are running happily a DELL desktop computer with Intel Core 2 w/Quad Core, etc., but with Vista. So I read at MS that loading Windows 7 would be not difficult. Elsewhere I read that Windows 7 would last perhaps another 4 years, and then we have to buy a new comput...
by Watty
Wed Feb 03, 2016 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over a pension cash payout to Roth IRA?
Replies: 4
Views: 301

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

Have you called Vanguard (or whoever the Roth is with) to ask them?
by Watty
Wed Feb 03, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: What do you pay per year for daycare?
Replies: 33
Views: 1222

Re: What do you pay per year for daycare?

It's absurd that there aren't better tax deductions for this. We're fortunate to have employer FSA's, but even that caps at $5,000. That doesn't even consider half of the cost. For your typical family, the tax code obviously encourages one parent to leave the labor force. We're doing just fine fina...

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