Search found 12445 matches

by Watty
Sun Feb 18, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Recent Music School Grad Needing Advice
Replies: 10
Views: 967

Re: Recent Music School Grad Needing Advice

2. Besides retirement, I'd also like to put money toward a house downpayment. I know the loans are priority #1 but I'd like to help contribute in this fund with my girlfriend. Is a savings account the best vehicle to store the fund? LOTS of people have gotten into trouble with mingling funds or buy...
by Watty
Sun Feb 18, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: At war with the mortgage
Replies: 4
Views: 1449

Re: At war with the mortgage

I'm pulling out all the stops, and have a plan to have it gone by the end of April. It sounds like if you do then you could replenish the emergency fund in a few months, as long as you do that I don't see much risk. I would wait until the $10K will finish paying off the mortgage though so that if s...
by Watty
Sun Feb 18, 2018 12:32 am
Forum: Personal Consumer Issues
Topic: Is Enterprise Architecture worth building career upon?
Replies: 12
Views: 984

Re: Is Enterprise Architecture worth building career upon?

Now in mid forties....... Would appreciate your perspective, who are in IT and how do you see your career growing. I retired out of corporate IT a few years ago. My position was a lot different since I was a software developer/software support person. I worked for a good size company with around a ...
by Watty
Sun Feb 18, 2018 12:15 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 82
Views: 6712

Re: Retirees: The common sense withdrawal method

From the Pirates of Caribbean when talking about "Pirates Code"
And thirdly, the code is more what you'd call "guidelines" than actual rules. Welcome aboard the Black Pearl, Miss Turner
There are no real rules only guidelines and reality checks which is all the 4% SWR was ever intended for.
by Watty
Sat Feb 17, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Fund Question
Replies: 20
Views: 1402

Re: Target Retirement Fund Question

As I recall they have changed the target date funds several times to do things like make them less aggressive after some of the ones for people near retirement dropped a during the dot com bust. They also added international bonds not too long ago. I would expect changes but I would also expect then...
by Watty
Sat Feb 17, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 77
Views: 3875

Re: Best plants to grow to save money for food costs

When I lived in Oregon you could pick all the blackberries you wanted in pretty much any vacant lot. It pains me to pay an outrageous price for a handful of them at the store where I live now. We also planted asian pear trees that grew very well there and produced a lot of fruit and those are expens...
by Watty
Sat Feb 17, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Stipends (Now) to Future Heirs?
Replies: 10
Views: 1453

Re: Monthly Stipends (Now) to Future Heirs?

Once a year I will look at my portfolio and adjust the monthly gifts up or down, sticking to 5% or less annually. All my research indicates that the remaining portfolio (100% stocks) ought to maintain its remaining value indefinitely, in real terms. There have academic studies showing how different...
by Watty
Sat Feb 17, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Vanguard LifeStrategy Funds vs. Target Date Funds
Replies: 46
Views: 3710

Re: Vanguard LifeStrategy Funds vs. Target Date Funds

Personally, I find the 'glidepaths' for virtually all target date funds to be overly conservative. A 25 year old isn't likely to benefit from having 10% in bonds, for instance; there will not be a significant decrease in fund drawdowns, and this will merely serve as a drag on portfolio returns for ...
by Watty
Sat Feb 17, 2018 7:30 am
Forum: Personal Consumer Issues
Topic: used Prius (or Chevy Volt?)
Replies: 29
Views: 1680

Re: used Prius

Thanks a lot, folks. I had to look up ESC. What happens if you are skidding on ice? I do not brake in those circumstances, just take my foot off the accelerator and hope :-) but it sounds like the ESC stuff would do some braking? Does that not make things worse? I not sure about ice but a more comm...
by Watty
Sat Feb 17, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1609

Re: Investing vs paying off debt

Do you really need Hulu and Netflix at $360 per year? You’re already paying for Comcast. Entertainment and pocket money at $475 per month? I would challenge you to reduce/eliminate the pocket money. Once that cash is out of your account you will not be putting it back in. You are also paying a lot ...
by Watty
Fri Feb 16, 2018 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Does the absence of need for a legacy affect your AA or SWR?
Replies: 24
Views: 1632

Re: Does the absence of need for a legacy affect your AA or SWR?

There can be all sorts of different variations but for someone that is in this situation it is also very possible that they will not have any close family to manage their finances if they are not able to, like they are in a nursing home. This may require that you budget for some sort of financial ma...
by Watty
Fri Feb 16, 2018 10:57 pm
Forum: Personal Consumer Issues
Topic: used Prius (or Chevy Volt?)
Replies: 29
Views: 1680

Re: used Prius

I'm wondering if there is anything drastic that has happened in the design over the years that would affect which years I should be looking at? I am not sure when the Prius got it but ESC became standard equipment in all cars in 2012. That seems to be a worthwhile safety feature so it would be good...
by Watty
Fri Feb 16, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Just finished reading "Bogleheads Guide To Investing" and ready to start asking 101 level questions :)
Replies: 7
Views: 755

Re: Just finished reading "Bogleheads Guide To Investing" and ready to start asking 101 level questions :)

Investing in a fund of funds doesn’t seem like the worst mistake in the world, but the expense seems really high, right? I am wondering if it would be smarter to move that around and invest going forward in a blend of different funds available to me. Bingo you win a cupie doll. Before I retired my ...
by Watty
Fri Feb 16, 2018 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1609

Re: Investing vs paying off debt

..... I'm looking for some guidance on investing vs paying off debt. ...... My wife and I make around $213,000 per year (combined)...... Car Loan - $35,000 - ..... Mortgage - $242,000 ...... Each month, after all expenses paid and max contributions to the 403b and Roth IRA plans listed above, my wi...
by Watty
Fri Feb 16, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6298

Re: How to get child's skin in the game for college?

steadyeddy wrote:
Fri Feb 16, 2018 3:16 pm
Reading the responses, you could almost argue that every kid is different, and there is no perfect approach! :P :P :P

+1

and the same kid is different at different times.
by Watty
Fri Feb 16, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6298

Re: How to get child's skin in the game for college?

One more thought. You might show her this thread and ask her what incentives she thinks would work best for her. :D She might surprise you help set up a good mutually agreeable plan in a way you would not have thought of. By her having give a lot of input in the process it might also work a lot bett...
by Watty
Fri Feb 16, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Laid off ...next steps
Replies: 27
Views: 4102

Re: Laid off ...next steps

Also cobra will be paid for 6 months. I used COBRA when I retired and it was run by a seperate company that managed that. You really need to stay on top of what paperwork you need to fill out and have that done on time and also make sure that the premiums are also paid of time. If something happens...
by Watty
Fri Feb 16, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6298

Re: How to get child's skin in the game for college?

1. How can a child of high earning parent get a student loan if necessary? This makes it sound like paying for her college is not a big hardship for you. If this is not true then it is critical to have frank discussions with your daughter about what support will will be able to provide so she can f...
by Watty
Thu Feb 15, 2018 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Interest-only mortgage/HELOC as a refi? (retired and low income)
Replies: 12
Views: 669

Re: Interest-only mortgage/HELOC as a refi? (retired and low income)

The costs to set it up are high but a reverse mortgage would be worth considering. They are still pretty much a choice of last resort but they revised the rules for them about five or ten years ago so they are not as as bad as they used to be. The problem is that he still would have the maintenance ...
by Watty
Thu Feb 15, 2018 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: First time Home Buyer in HCOL area - funds check
Replies: 15
Views: 1562

Re: First time Home Buyer in HCOL area - funds check

Emergency fund 10k That is way too low with a kid and looking at buying a home. Once you move in there will likely be all sorts of unexpected expense and you might need to buy some new furniture. Me - 32 years old, Annual income 104K + 20K overtime Spouse- 32 years old, Annual income 90k - new job ...
by Watty
Thu Feb 15, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Rant about relocation mortgage assistance, and a question
Replies: 54
Views: 2919

Re: Rant about relocation mortgage assistance, and a question

btenny wrote:
Thu Feb 15, 2018 1:45 pm
Good Luck. Talk to your mortgage broker about a personal signature loan.
I didn't follow all the details but a margin loan for a few months might also fit somewhere into the puzzle.
by Watty
Thu Feb 15, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 44
Views: 5560

Re: How many of you use the "4% rule" during retirement?

I don't use it because I know that my income needs will not be steady and will vary greatly in different phases of retirement. I retired when I was 59 so the first phase will include paying for health insurance, not social security income yet, and being very active and doing things like a fair amoun...
by Watty
Thu Feb 15, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Increasing SS PIA by working again
Replies: 27
Views: 1485

Re: Increasing SS PIA by working again

Thanks for all the calculation confirmations. In summary, if one were to work an additional five years at $50,000 annually and then live 20 years in retirement after full retirement age, they would add $21,420 in total to their SS retirement benefits received. Everyone has their own way but to me, ...
by Watty
Thu Feb 15, 2018 12:45 am
Forum: Personal Finance (Not Investing)
Topic: Tax doubts for retirement and moving to the US from Brazil
Replies: 28
Views: 1741

Re: Tax doubts for retirement and moving to the US

Besides a tax advisor, are there other advisors we better search before deciding on moving? For the estate planning you would want to use a lawyer that specializes in estate planning. An estate planning lawyer that is also familiar with your country's laws would be would also be a good idea. Part o...
by Watty
Thu Feb 15, 2018 12:22 am
Forum: Investing - Help with Personal Investments
Topic: Helping Parents Get Portfolio On Track
Replies: 5
Views: 573

Re: Helping Parents Get Portfolio On Track

I might have missed it but I did not see what their approximate tax bracket is. That is very important in figuring out how to invest in a taxable account. Is there a best way to divest from these BDC's? I don't know anything about these. You might want to start another thread, without using an acron...
by Watty
Thu Feb 15, 2018 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Help restructure my allocation
Replies: 6
Views: 483

Re: Help restructure my allocation

1. Any suggestion to re-allocate the funds ..... 42% - Just land outside USA, does not generate any income Consider selling at least part of the land. If it was real estate that was being rented, or farmland that generated income that might be something you could work into your portfolio but withou...
by Watty
Thu Feb 15, 2018 12:04 am
Forum: Investing - Help with Personal Investments
Topic: Need to restructure
Replies: 20
Views: 814

Re: Need to restructure

cash: 140K-----intended for the purpose of investing or paying down principal on the mortgage ... With the current market volatility, my wife is very nervous investing our cash. One option to consider would be to call your mortgage lender and ask if they will "recast your mortgage"(Google this) if ...
by Watty
Wed Feb 14, 2018 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Some help getting started
Replies: 4
Views: 227

Re: Some help getting started

It's a big step and I'm lacking confidence. Anything about the above seem like a red flag as a starting place (certainly I can tweak over time), or at least more of one than a 2% fee? If you don't feel confident in handling it yourself you could use Vanguards advisory service that charges 0.3% for ...
by Watty
Wed Feb 14, 2018 10:25 pm
Forum: Personal Consumer Issues
Topic: rule of thumb of when to sell your car
Replies: 50
Views: 3321

Re: rule of thumb of when to sell your car

My own personal rule of thumb is 10 years / 100K miles. My rule of thumb is 10 years or 120K miles but it is not a hard and fast rule. When the car gets to be about 8 years old I starting looking to see what is available and I can wait several years until there is a great deal. The key to making th...
by Watty
Wed Feb 14, 2018 8:05 pm
Forum: Forum Issues and Administration
Topic: Doesn't seem like people respond to portfolio assessments like they did a few years ago.
Replies: 103
Views: 8274

Re: Doesn't seem like people respond to portfolio assessments like they did a few years ago.

So when someone asks for portfolio help, what is the polite way to ask them to follow the requested format? I will sometimes mentioned that they will get better responses if they post their information in the suggested format and give a link to it. And then, after that when they don't follow the fo...
by Watty
Wed Feb 14, 2018 5:59 pm
Forum: Personal Consumer Issues
Topic: Advice with Car Replacement?
Replies: 21
Views: 909

Re: Advice with Car Replacement?

Hey BH, I need to change our vehicle situation, but I'm looking for a little input to help me out. A lot of what to do really depends on your budget and how many of the car repairs your can do yourself. If you have the means then a reasonable case can be made for buying a new reliable car that does...
by Watty
Wed Feb 14, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 223
Views: 13792

Re: free dinner investing seminar

I just skimmed the thread but one thing to watch out for is that one of the early signs of dementia can be making poor financial choices. This can happen before long before your family sees and can try to intervene. You could very well go to these free dinners for ten or more years and easily say n...
by Watty
Wed Feb 14, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter’s College & Grad School Expenses -Nurse Practitioner
Replies: 51
Views: 3221

Re: Daughter’s College & Grad School Expenses -Nurse Practitioner

There are lots of ways that you helping could work out but there are also all sorts of "life happen" situations where she might not finish the program or you might not be able to work as long as you are planning on working. I know that you just paid a lot for their college which is great but relativ...
by Watty
Wed Feb 14, 2018 3:17 pm
Forum: Investing - Theory, News & General
Topic: Increasing SS PIA by working again
Replies: 27
Views: 1485

Re: Increasing SS PIA by working again

One thing to keep in mind is that in some situations if your PIA increases then your spouses benefit could also increase by half of that amount in some situations.
by Watty
Wed Feb 14, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: Pay tuition cash or use student loans and invest instead or both
Replies: 12
Views: 720

Re: Pay tuition cash or use student loans and invest instead or both

A total of about 30K Not to pile on but if you are able to invest the money and make more, after taxes, then you might clear one percent if you do very well and don't take a lot of risk. 1% is only $300 which is not a life changing amount. Having $30K in debt could cause all sorts of problems if th...
by Watty
Wed Feb 14, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for the unexpected in retirement
Replies: 14
Views: 1610

Re: Planning for the unexpected in retirement

Even things like contingencies for a nursing home can be planned for. My gut feel is that the risk of poor investing returns and inflation, especially rarely in retirement dwarfs the other unexpected risks that you might think of. Most people also plan for more than the basics in and could cut back ...
by Watty
Wed Feb 14, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: C-Suite etiquette advise needed
Replies: 27
Views: 3611

Re: C-Suite etiquette advise needed

livesoft wrote:
Wed Feb 14, 2018 8:23 am
I have found that, in general, when people who love wine and fooey grah are around those who don't partake, they love it and say, "That means more for us! Can we have yours please?"
+1

I'm more familiar with beer and hotwings but the non-drinker will often be welcome as the designated driver.
by Watty
Tue Feb 13, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for the unexpected in retirement
Replies: 14
Views: 1610

Re: Planning for the unexpected in retirement

But one thing perplexes me--planning for the unexpected/emergencies. One thing I do is to budget for unpredictable expense that you have a pretty good idea that something like that will happen, but you just don't know when. For example you can pretty well bet that sooner or later you will have to p...
by Watty
Tue Feb 13, 2018 1:25 pm
Forum: Personal Consumer Issues
Topic: Help me help my niece (College costs, financial aid, etc)
Replies: 41
Views: 2472

Re: Help me help my niece (College costs, financial aid, etc)

You may have to dig for it but it would also be good to find out that the graduation and retention rate for art majors at that college. Getting an Art degree and owing $100K is at best risky but going to two years of art school and dropping out with $50K in debt is even worse. Some student loans are...
by Watty
Tue Feb 13, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Are these fees for real?
Replies: 25
Views: 2200

Re: Are these fees for real?

If you just Googled the fund name and got the fees off the internet then they may not be the fees that she is actually paying.

You need to look at the fees when she is signed on with her account or in her paperwork since the fees may be different.
by Watty
Tue Feb 13, 2018 8:40 am
Forum: Investing - Theory, News & General
Topic: Attention Sqawk Box viewers
Replies: 16
Views: 1470

Re: Attention Sqawk Box viewers

It is like driving by a car accident.

Sometimes you can't help but look.
by Watty
Tue Feb 13, 2018 8:27 am
Forum: Investing - Help with Personal Investments
Topic: TSP and otherwise for income
Replies: 14
Views: 919

Re: TSP and otherwise for income

Just FYI, Just in case you didn't know the TSP has different, and worse, inheritance rules than an IRA so you might want to consider if it would make sense to role the money out to an IRA. There is a wiki on this; https://www.bogleheads.org/wiki/TSP_estate_planning There may be other permutations bu...
by Watty
Tue Feb 13, 2018 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest funds from home sale?
Replies: 17
Views: 1031

Re: Where to invest funds from home sale?

How much does she need for yearly living expenses? A CD ladder setting aside the yearly amount at least for each step would be a good way to go. Be sure to look at the terms of the CD's since some will allow you to access the money early with only a small penalty. I would not buy them any more than...
by Watty
Tue Feb 13, 2018 8:00 am
Forum: Personal Consumer Issues
Topic: Help me help my niece (College costs, financial aid, etc)
Replies: 41
Views: 2472

Re: Help me help my niece (College costs, financial aid, etc)

She is pursuing an art degree? I am a writer and know a number of artists and writers with these degrees. Working artists often don't make much money - at least not for a while - and many of them who have nice art degrees from fancy schools are still paying student loans in their 40s and 50s, becau...
by Watty
Tue Feb 13, 2018 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Transfer IRAs from Wisebanyan to Vanguard
Replies: 2
Views: 161

Re: Transfer IRAs from Wisebanyan to Vanguard

Instead of worrying about how to automate the sale of everything why not just sell it all yourself then have Vanguard start the transfer? The investments would only be out of the market for a week or so and that would help avoid selling everything on a crazy day. If you are selling stocks or ETF's t...
by Watty
Tue Feb 13, 2018 7:13 am
Forum: Investing - Help with Personal Investments
Topic: For IRA with RMD - Schwab Target Index?
Replies: 2
Views: 227

Re: For IRA with RMD - Schwab Target Index?

It sounds like you are overthinking this. The target date fund is really just about the same thing as the mix of stock and bonds you were talking about, but the target date fund is just on autopilot. When you need to take the RMD you just take it out of the target date fund. I would just go with the...
by Watty
Tue Feb 13, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house, duplex/multiplex, or condo in Houston, TX? Any advice?
Replies: 15
Views: 1207

Re: Should I buy a house, duplex/multiplex, or condo in Houston, TX? Any advice?

Another +1 on renting.

In addition to deciding what you want to do it also sounds like you are single and if you get in a relationship your housing needs may change.

Many single people do buy property though once their situation is more stable.
by Watty
Tue Feb 13, 2018 7:00 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Overhaul
Replies: 4
Views: 331

Re: Portfolio Overhaul

You might try doing another post in this suggested format(more or less) to get better responses.

viewtopic.php?f=1&t=6212

If you also give the fund names and not just their ticker symbols that will help get better responses too.
by Watty
Tue Feb 13, 2018 6:56 am
Forum: Personal Finance (Not Investing)
Topic: Changing jobs while paying down debt
Replies: 4
Views: 449

Re: Changing jobs while paying down debt

A couple of things; 1) Unless you have credit problems you should be able to get a credit card with a much lower interest rate. 2) You didn't mention a car payment so iIf you have a paid of car then you may be able to get a car loan at a much lower interest rate to pay off the credit card. 3) The ne...
by Watty
Tue Feb 13, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Need help with re-financing house
Replies: 4
Views: 461

Re: Need help with re-financing house

A few things make this more complicated; 1) If interest rate go up then inflation is likely higher so a mortgage payment you make in 20 years will be made with inflated dollars. 2) If you are able to deduct your mortgage interest then the effective interest rates would be lower. • First: 10/1 ARM @ ...