Search found 7075 matches

by Watty
Fri Feb 12, 2016 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 78
Views: 6782

Re: I Lost My FInancial Brain - Please Help

Glad to hear that you avoided another shark and have a good plan that you understand and are comfortable with. If you have not already read it you might read the Bogleheads guide to retirment planning when you have the chance. Your local library might have it. http://www.amazon.com/s/?search-alias=a...
by Watty
Fri Feb 12, 2016 2:34 pm
Forum: Personal Consumer Issues
Topic: High school junior summer programs
Replies: 20
Views: 798

Re: High school junior summer programs

You may not like this, but it is the perfect summer to get a job in food service or retail. Of course, there are other jobs, but seeing life from another perspective is an awesome learning experience and helpful on college applications. In some areas it is really hard for a teen to get a summer job...
by Watty
Fri Feb 12, 2016 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Planning SS with 9 year age difference
Replies: 8
Views: 649

Re: Planning SS with 9 year age difference

In my case the male is younger :|. Mine, too. It sure fuzzies up the issues, doesn't it? I am younger than my wife too but our PIA's are different which made the decision for her to start at 62 easier since once I start SS her spousal benefit will be more than the benefit on her account. We both co...
by Watty
Fri Feb 12, 2016 12:37 am
Forum: Investing - Theory, News & General
Topic: The RBD (Really Bad Days) database
Replies: 19
Views: 1647

Re: The RBD (Really Bad Days) database

However, at times, it is hard to discern exactly when an RBD is developing since sometimes, 3 or 4 days combine to make an RBD event and they may not come together for all asset classes. Can we all help each other out by pointing out in this thread when a RBD event happens in an asset class? One wa...
by Watty
Fri Feb 12, 2016 12:18 am
Forum: Investing - Help with Personal Investments
Topic: cash out refi and invest in stocks/bonds
Replies: 2
Views: 221

Re: cash out refi and invest in stocks/bonds

There are lots of problems with this but one big one is that you would have a large sequence of returns risk and if you do badly in the first few years then you might never catch up. Since you will have a mortgage payment for the cash you take out then in effect you will be paying that out of your i...
by Watty
Thu Feb 11, 2016 11:56 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum screws up AA
Replies: 9
Views: 579

Re: Lump sum screws up AA

I thought about that. My mortgage is 3.75%, which is an effective rate of 2.265%. The effective rate of a fed+state tax exempt muni bond fund is around 2.48% (after ER is subtracted). I'd call that about a wash but keeping it in a bond fund vs. mortgage has the benefit of liquidity. If they basical...
by Watty
Thu Feb 11, 2016 9:15 pm
Forum: Investing - Theory, News & General
Topic: Are index funds a guaranteed return?
Replies: 42
Views: 2613

Re: Are index funds a guaranteed return?

I know there is never a guarantee in the stock market and anything can happen, but if I were to put $20K in index funds, can I expect some sort of positive return in the long run to say the least? A subtly different but more realistic way to ask it would be "If I was to put $1,000 into index f...
by Watty
Thu Feb 11, 2016 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum screws up AA
Replies: 9
Views: 579

Re: Lump sum screws up AA

tomhole wrote:Are there any other options?


If you still have a mortgage you could use it to payoff or pay down and recast the mortgage.

It is far from exact but in a lot of ways a mortgage is like a negative bond so paying your mortgage down is somewhat like increasing your bond allocation.
by Watty
Thu Feb 11, 2016 8:33 pm
Forum: Personal Consumer Issues
Topic: Relocating for a job--lots of life changes
Replies: 34
Views: 1795

Re: Relocating for a job--lots of life changes

Just a couple of thoughts; 1) Is there any chance your wife would want to go back to school and get a degree or advanced degree? If so then having her go to school down their might be a positive thing for her and her career. 2) It sounds like the company is very big and has a lot of locations. You m...
by Watty
Thu Feb 11, 2016 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Planning SS with 9 year age difference
Replies: 8
Views: 649

Re: Planning SS with 9 year age difference

Just thinking aloud. This is how I would look at it. If the older person is male and both of you are in average health. Then statistically it is likely that the younger female would outlive him by a number of years. You would have to play with the numbers but I would think that would mean that one o...
by Watty
Thu Feb 11, 2016 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Rental car for weekend trip to save on miles on new car?
Replies: 48
Views: 2633

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. Both Enterprise and Hertz will pick you up from many locations. That would likely only be for limited hours during the day. If you ret...
by Watty
Thu Feb 11, 2016 12:55 pm
Forum: Personal Consumer Issues
Topic: Long layover in LAX. Shuttle to Orange County?
Replies: 5
Views: 338

Re: Long layover in LAX. Shuttle to Orange County?

It probably not be a good idea to plan on driving a lot after the long flight and being jetlagged. This is especially true if you have just spent a couple of weeks driving on the left side of the road in Australia. When I have returned from trips where I was driving on the left side of the road it t...
by Watty
Thu Feb 11, 2016 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Sell or Rent House
Replies: 14
Views: 1012

Re: Sell or Rent House

Wondering what factors I should consider in deciding. One other thing that you might consider is what you will do if the relationship does not work out. You would want to look at all the details but keeping as a temporary rental for year might work since you could likely still sell it then and qual...
by Watty
Thu Feb 11, 2016 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Sell or Rent House
Replies: 14
Views: 1012

Re: Sell or Rent House

If your gains are approaching the IRS max of $250K for a single individual to avoid capital gains I would definitely sell rather than convert it to a rental. Watch the owner occupancy requirement (two of five years). If you've done upgrades on the current home I'd also sell now for a good price bef...
by Watty
Wed Feb 10, 2016 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating expenses in retirement
Replies: 31
Views: 1934

Re: Estimating expenses in retirement

So the formula would look like this: (my take-home) + (spouse net) + (bonus) + (tax refund) = current expenses While you are working you will may also have things that are paid out of payroll deductions like; Dental and vision insurance Health insurance Flexible spending account for healthcare It w...
by Watty
Wed Feb 10, 2016 8:42 pm
Forum: Personal Consumer Issues
Topic: Wife just got a VM from a debt collector [Voice Mail]
Replies: 44
Views: 4050

Re: Wife just got a VM from a debt collector

FYI here is a link the Clark Howard web page on how to handle debt collectors. http://www.clarkhoward.com/know-your-rights-when-dealing-debt-collectors In addition to his "drop dead" letter you can request that they mail you a letter validating the debt and they often don't really have any...
by Watty
Wed Feb 10, 2016 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: seeking advice on investing 700k windfall
Replies: 7
Views: 1072

Re: seeking advice on investing 700k windfall

My goal is have passive income and retire as soon as possible. For someone in their 40s a retirment safe withdrawal rate is likely around 3% or so which means that if you retired now then you would need to live on around $21,000 a year which probably is not the type of retirment that you would want...
by Watty
Wed Feb 10, 2016 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: Move to another house after 10 months??
Replies: 33
Views: 2129

Re: Move to another house after 10 months??

Man, you guys must think I'm nuts. Not at all. If you didn't have almost $400K in various accounts then we might think you were crazy. :D You just have lots of options with no one right answer. Many people don't have a lot of options so their decisions are a lot easier. The ongoing costs of the lar...
by Watty
Wed Feb 10, 2016 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Company Paid Relocation Expenses, Can't get full understanding of taxes/benefit value
Replies: 12
Views: 488

Re: Company Paid Relocation Expenses, Can't get full understanding of taxes/benefit value

I did a company relocation over ten years ago but the rules are different at different companies and the tax laws have likely changed since them. A few tips, Be sure to print and read the IRS rules for what is deductible and what is not deductible. Here is a link to the IRS rules but you can likely ...
by Watty
Wed Feb 10, 2016 1:25 pm
Forum: Personal Consumer Issues
Topic: The Retirement Problem: What Will You Do With All That Time?
Replies: 61
Views: 4623

Re: The Retirement Problem: What Will You Do With All That Time?

I just spent two hours fixing a toilet and that was more satisfying than 90% of my work time the last few years that I worked at a Mega-Corp.
by Watty
Wed Feb 10, 2016 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: alleged pharmacist malpractice- does wife need a lawyer?
Replies: 32
Views: 2695

Re: alleged pharmacist malpractice- does wife need a lawyer?

I thought of one other thing to watch out for would be in addition to financial liability there could also be issues that could cause your wife's pharmacist license(or however that works in your state) to be revoked or suspended. The lawyers working for the company will have little interest in what ...
by Watty
Wed Feb 10, 2016 11:08 am
Forum: Personal Finance (Not Investing)
Topic: alleged pharmacist malpractice- does wife need a lawyer?
Replies: 32
Views: 2695

Re: alleged pharmacist malpractice- does wife need a lawyer?

You might get better responses by asking on the white coat investor web site which is run by a doctor who is a regular poster here. http://whitecoatinvestor.com/ I would be very cautious about posting any information that might come up in a lawsuit. I don't know anything about the field but to me th...
by Watty
Wed Feb 10, 2016 12:14 am
Forum: Personal Consumer Issues
Topic: Any audible users out there? Worth it?
Replies: 21
Views: 1012

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: 26
Views: 1144

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: 33
Views: 2129

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: 69
Views: 3195

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: 8
Views: 690

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: 2817

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: 48
Views: 2633

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: 1131

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: 66
Views: 3723

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: 33
Views: 1810

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: 18
Views: 3245

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: 989

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: 989

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: 2130

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: 8
Views: 606

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: 2669

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: 2612

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: 593

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: 47
Views: 4616

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: 1403

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: 870

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: 795

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: 78
Views: 6782

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: 2439

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: 4273

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: 1121

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: 72
Views: 8842

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: 1458

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...

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