Search found 9865 matches

by Watty
Mon Feb 20, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get rid of lot of land?
Replies: 16
Views: 2653

Re: Best way to get rid of lot of land?

What's the best way to get rid of it or say that I don't want it anymore? You would want to get the HOA fees straighten first out since no one will want it with that unknown. The HOA may have a newsletter, web site, facebook page, or bulletin board where you could offer the lot for a nominal price....
by Watty
Mon Feb 20, 2017 11:43 am
Forum: Personal Consumer Issues
Topic: Another can we afford home thread!
Replies: 15
Views: 765

Re: Another can we afford home thread!

2. If yes to #1, Should we rent the existing home and use rent to pay towards the new home mortgage? Rental income ~$1300/month. There are a couple of show stoppers in doing this. 1) If you have any price appreciation in the house you would lose the homeowners capital gains exemption if you rent it...
by Watty
Mon Feb 20, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Should we purchase a $1 Million dollar home with all cash?
Replies: 38
Views: 4140

Re: Should we purchase a $1 Million dollar home with all cash?

I might have missed it but the original poster is 43 and as a wild guess they I would think they might be ten years or so from an early retirement. Having a large mortgage payment makes it a lot more complicated to retire so their retirement plans should also be taken into account. Invest the 1.5m, ...
by Watty
Mon Feb 20, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Please critique and help me with my AA
Replies: 7
Views: 443

Re: Please critique and help me with my AA

That doesn't make any sense because you are not holding the various asset classes in the most tax efficient account type. Once you decide your desired asset allocation the next step is to determine which account type to put each of the asset classes into. For example you would likely not want to ho...
by Watty
Mon Feb 20, 2017 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy more insurance?
Replies: 2
Views: 384

Re: Should I buy more insurance?

You should have a lot more term life insurance on your wife. In addition to the loss of her income if she dies you might also want to be able to take some time off work after losing your wife. You would also have to hire people to do many of the things she does around the house. Even if she has a fu...
by Watty
Sun Feb 19, 2017 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique and help me with my AA
Replies: 7
Views: 443

Re: Please critique and help me with my AA

Which gives me a total taxable allocation of: 40.90% US Stocks $194,698.38 16.28% Foreign Stocks $77,487.20 12.72% Emerging Markets $60,576.35 6.27% Dividend Stocks $29,842.31 8.61% Real Estate (LP & Notes) $41,000.00 3.69% Natural Resources $17,583.21 11.34% Municipal Bonds $54,000.27 0.18% Ca...
by Watty
Sun Feb 19, 2017 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for my Age - 28
Replies: 19
Views: 1521

Re: Advice for my Age - 28

why not max out the TSP? I should but I've been too lazy to submit paperwork. There is no online option so I have to fill out paperwork and mail it (maybe fax would work). That will save you four or five hundred dollars in taxes this year. I doubt that it will take you 15 minutes to do. That works ...
by Watty
Sun Feb 19, 2017 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for my Age - 28
Replies: 19
Views: 1521

Re: Advice for my Age - 28

+1 on maxing out the TSP I would also add in; Build up your emergency fund to be six months expenses. This is not just for bad things, I have seen situations where having cash available allowed people to take advantage of unexpected an opportunity like a great deal on a car or taking a last minute t...
by Watty
Sun Feb 19, 2017 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: 1.3 million dollars in debt
Replies: 31
Views: 6261

Re: 1.3 million dollars in debt

With your income and situation you are really out of do-it-yourself territory. What you should really be asking out is how to hire expert tax and financial planning advice that you need. The problem is that probably 99% of the financial advisors don't have a fiduciary responsibility to their clients...
by Watty
Sun Feb 19, 2017 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Re-applying for same job?
Replies: 16
Views: 1641

Re: Re-applying for same job?

99 percent chance of it not working out. But what do you have to lose to find out more and then contact them? +1 You can just call up the manager that you interviewed with and let them know that you are still interested. There is a chance that you were not really rejected but they may had something...
by Watty
Sun Feb 19, 2017 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: 40yo on track to-semi?-FIRE by 50?
Replies: 5
Views: 975

Re: 40yo on track to-semi?-FIRE by 50?

To retire at 50 you would likely be looking at something like a 3% safe withdrawl rate. https://www.bogleheads.org/wiki/Safe_withdrawal_rates So if you need $30,000 a year in addition to your side income and renting out your basement that would require a portfolio of about a million dollars. And tha...
by Watty
Sun Feb 19, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should we purchase a $1 Million dollar home with all cash?
Replies: 38
Views: 4140

Re: Should we purchase a $1 Million dollar home with all cash?

There is a wiki on this choice. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing If you invest the money then you will have a large sequence of returns risk. I hate to sound like a broken record but this is what I have posted about this before.  If you do not pay it off then you wi...
by Watty
Sun Feb 19, 2017 4:08 pm
Forum: Personal Consumer Issues
Topic: Moving with expensive electronic equipment.
Replies: 13
Views: 956

Re: Moving with expensive electronic equipment.

OK, thanks again to everyone. Actually, all of this *was* shipped to me when I got it by UPS/FedEx, and several were re-shipped round trip to me for repairs along the way. I was just nervous that regular movers or PODS would be more abusive than this. Shipping high-end equipment is the norm with au...
by Watty
Sun Feb 19, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Older parents advice.
Replies: 29
Views: 2539

Re: Older parents advice.

2. Other than having to pay taxes on the interest in the unsheltered account, which he does now, is there a reason not to swap out CDs for TIPs? In a taxable account he would be taxed on TIPs inflation adjustment each year even though he does not get paid that until the TIPS matures. It is unusual ...
by Watty
Sun Feb 19, 2017 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Mother's finances... lots of stuff spread all over
Replies: 9
Views: 807

Re: Mother's finances... lots of stuff spread all over

The first thing to do would to stop reinvesting dividends and capital gains distributions. Also have the stop moving the money around in her account. You need to go through the taxable accounts with her to figure out what the capital gains situation is for each fund to see what the impact would be i...
by Watty
Sun Feb 19, 2017 1:04 am
Forum: Investing - Theory, News & General
Topic: Is a 4% plus CPI withdrawal rate actually aggressive?
Replies: 143
Views: 5424

Re: Is a 4% plus CPI withdrawal rate actually aggressive?

People talk about 3% or even 2% being necessary going forward, ..... You need to remember that the safe withdrawal rate studies are normally for a 30 year retirement. If you were that pessimistic then you could just put all your money under your mattress and take out 1/30th of it each year for 30 y...
by Watty
Sun Feb 19, 2017 12:39 am
Forum: Personal Consumer Issues
Topic: Moving with expensive electronic equipment.
Replies: 13
Views: 956

Re: Moving with expensive electronic equipment.

Where they shipped to you when you bought them? If so then that should give you an idea on how well they need to be packed. Read the fine print on the insurance to make sure that you will be covered, in addition to a maximum dollar amount it might not pay if there is not visible damage. Determining ...
by Watty
Sat Feb 18, 2017 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance - advice
Replies: 5
Views: 1025

Re: Inheritance - advice

Can I write her a check without worry of her or I incurring any unforeseen tax? If you give her more than about $14,000 in a year you will need to fill out simple form but not pay any additional taxes. That will come into play if you have more than about $5 million when you die and your estate will...
by Watty
Sat Feb 18, 2017 11:07 pm
Forum: Personal Consumer Issues
Topic: PC replacement time
Replies: 22
Views: 1709

Re: PC replacement time

A couple of things to watch out for; 1) Some of current computers use a mini-case(or whatever they call it) that has almost no room to expand it. I have one that I was going to add a SSD to but there was no place to put it. 2) There are several different types of video cables. If you are going to us...
by Watty
Sat Feb 18, 2017 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Older parents advice.
Replies: 29
Views: 2539

Re: Older parents advice.

Second question, ought I to convince him to go 20/80 stock/bonds and use a total bond fund. "73/27 fixed income to equities" is not unreasonable for his age and given that he is basically investing it for whoever will inherit it some day. It would even be reasonable to increase the stock ...
by Watty
Sat Feb 18, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: "With $15 Left in the Bank, a Baby Boomer Makes Peace With Less" -- A cautionary tale
Replies: 37
Views: 4358

Re: "With $15 Left in the Bank, a Baby Boomer Makes Peace With Less" -- A cautionary tale

Let's face it, Bogleheads are a weird sort, compared to the society at large. Bogleheads may try to invest better but there are are a lot of financially responsible people so in that aspect we are not that unusual. A lot of people that are doing well just don't flaunt it. I think it was in the book...
by Watty
Sat Feb 18, 2017 1:29 am
Forum: Investing - Help with Personal Investments
Topic: Over-saving in tax deferred while in 15% br
Replies: 6
Views: 588

Re: Over-saving in tax deferred while in 15% br

How can I calculate how/when SS + RMD push us into the 25% bracket in retirement? https://www.bogleheads.org/wiki/Social_Security_tax_impact_calculator Don't forget your state taxes. Many states have some retirement income exemptions. Be sure to run your numbers three ways, as a couple and as if on...
by Watty
Sat Feb 18, 2017 1:09 am
Forum: Personal Consumer Issues
Topic: Long Day Trip: Drive Old Car or Rent Car?
Replies: 55
Views: 2855

Re: Long Day Trip: Drive Old Car or Rent Car?

It sounds like if you take your car you will be worried all day about it making it back home OK. Once you start thinking about chance of it breaking down then you might as well get a rental car just so that you can relax on your trip.
by Watty
Fri Feb 17, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 16
Views: 1353

Re: How am I doing?

Re the student loans, I was thinking the return I would get by investing in the market would be greater than what I would save by knocking off more of my low interest rate loan? You would have to take a more risk to beat the returns, even something like muni bonds would have default risk or the ris...
by Watty
Fri Feb 17, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Helping a family member into retirement
Replies: 15
Views: 1676

Re: Helping a family member into retirement

This is interesting to me, I'm young and in growth mode so safe withdrawal rates aren't on my radar. Whenever looking at a fund for income (hypothesizing for the future), I assumed it was the yield that mattered, that is your income generator. If you withdraw 4% annually on a fund that yields 1.7% ...
by Watty
Fri Feb 17, 2017 9:15 am
Forum: Personal Consumer Issues
Topic: Cruise suggestions.
Replies: 27
Views: 2125

Re: Cruise suggestions.

Get the Rick Steves book for Greece and Italy. Both Italy and Greece are prone to having strikes, like train strikes, that can disrupt your travel but usually they are brief. Be sure to get to the port where the cruise leaves from a day or two ahead of time to allow for unexpected delays. You mentio...
by Watty
Fri Feb 17, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: What else to consider?
Replies: 3
Views: 223

Re: What else to consider?

For diversification some people will put 5 or 10 percent of their portfolio in REITS.

I didn't check the funds you mentioned to see if they already have them but some people also add international bonds for diversification.

I can't say if that is a good idea or not.
by Watty
Fri Feb 17, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Progress Made - What Now? (Pay off cheap mtg or invest)
Replies: 22
Views: 1947

Re: Progress Made - What Now? (Pay off cheap mtg or invest)

b. We could tackle the 5.125% rental mortgage, but our effective interest rate is only 3.41% on it - and with interest rates rising we may be able to beat that in a money market or muni bond not too long from now. You are over thinking this. If that rental was already paid off would you take out a ...
by Watty
Fri Feb 17, 2017 12:47 am
Forum: Personal Consumer Issues
Topic: Anniversary Trip Recommendations
Replies: 23
Views: 1419

Re: Anniversary Trip Recommendations

am thinking 3 or 4 nites For such a short tip if you fly somewhere then I would only go to someplace that you can get a direct flight to. When you have to make connections that can give "Murphys law" a bigger chance to cause problems. San Francisco is too far of a drive for that short of ...
by Watty
Fri Feb 17, 2017 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Gifting Stock To Adult Children
Replies: 7
Views: 544

Re: Gifting Stock To Adult Children

If doable, any advice or things I need to be cognizant of? 1) If they are getting any financial aid or grants then that might be an issue since the capital gains would be counted as income. 2) If income is a factor in how they get their health insurance then the capital gains could impact that.
by Watty
Fri Feb 17, 2017 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella 1 million $500
Replies: 32
Views: 2211

Re: Umbrella 1 million $500

The price will depend on your driving history so the other prices that people are mentioning don't mean a lot. We paid a lot more than that when we had a teenage driver and my wife had two recent fender benders. You can have your agent check your driving record to make sure that there are not any er...
by Watty
Fri Feb 17, 2017 12:09 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance advice
Replies: 17
Views: 1394

Re: Inheritance advice

The downside, I feel we are way behind on retirement savings for our ages. Your net worth stays the same if you pay off the mortgage or invest the money. What will turn out to be the best choice when you look back on this ten years from now depends on unknowable things like future interest rates an...
by Watty
Thu Feb 16, 2017 11:46 pm
Forum: Personal Consumer Issues
Topic: Buying a car from repair shop - mechanics lien?
Replies: 9
Views: 816

Re: Buying a car from repair shop - mechanics lien?

The old owner likely still has keys to the car. If you buy it you might want to consider having locks rekeyed. From what my wife tells me, they will accept much less than the retail value of the older used car for payment of the amount due on the bill that the owner did not pay. If it sounds too goo...
by Watty
Thu Feb 16, 2017 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 16
Views: 1353

Re: How am I doing?

If you have not seen it already it would be good to check out the white coat investor web site which is run by a doctor who is a regular poster here. http://whitecoatinvestor.com/ One thing I would question is; New annual Contributions ... $12k taxable (for retirement, not short term goals) Assuming...
by Watty
Thu Feb 16, 2017 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Helping a family member into retirement
Replies: 15
Views: 1676

Re: Helping a family member into retirement

Realistically, the target retirement income yields 1.77%, are there usually capital gains distributions in addition to the 1.77% dividend it pays? As is, the 1.77% would only offer about $145/monthly on average. How it is paid doesn't mean much, academic studies have shown that at least in the past...
by Watty
Thu Feb 16, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: I may be a workaholic?
Replies: 24
Views: 2043

Re: I may be a workaholic?

My spouse works part time (teaching 1 block from home, 2 hours per day) and a primary reason is to keep balance in our marriage. I work about 20 hours per week at my business (5 minutes drive from home) and probably 30 hours per week at home doing consulting work. I am trying to figure out how to l...
by Watty
Thu Feb 16, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Helping a family member into retirement
Replies: 15
Views: 1676

Re: Helping a family member into retirement

You might want to get her a copy of one of the Boglehead books that she can read and then decide what she wants to do. She can skip over some chapters and even if she does not understand every thing(no one does :happy ) then she would still learn a lot about the right questions to ask. https://www.a...
by Watty
Thu Feb 16, 2017 8:41 am
Forum: Personal Consumer Issues
Topic: I may be a workaholic?
Replies: 24
Views: 2043

Re: I may be a workaholic?

A missing part of the picture is how many hours you are working each week and if you still have kids at home. If you are working ten+ hour days including a lot of time on weekends or traveling 40 weeks a year then there might be reason for concern and you might want to consider counseling to help wo...
by Watty
Thu Feb 16, 2017 7:54 am
Forum: Investing - Help with Personal Investments
Topic: Investing for early-ish retirees? [type of account for pre-59.5 expenses]
Replies: 9
Views: 951

Re: Investing for early-ish retirees? [type of account for pre-59.5 expenses]

In addition to your actual tax rates there are other factors involved in choosing what account type to use because there are various things that are based on your taxable income levels. It may change by then but some of them are; 1) Affordable Care Act health care subsidy. 2) Qualifying for or avoid...
by Watty
Wed Feb 15, 2017 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: How & when to sell lots of a single stock with huge capital gains
Replies: 40
Views: 2663

Re: How & when to sell lots of a single stock with huge capital gains

They plan to retire in the next few years and don't actually need this money But they will need some money to live on. If they sold the stock, paid the taxes, then invested the money in a tax efficient mutual fund they could live off that and not have to take much money out of their other funds whi...
by Watty
Wed Feb 15, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retire By 58, 59, 60??
Replies: 10
Views: 1674

Re: Retire By 58, 59, 60??

Again, I'd like to be able to draw around $150-$160k/year......... I'm including $40--$60,000 annually from SS. Therefore I'm anticipating needing $100--$125k from investments. Does that include taxes or is that what you expect to spend each year after paying taxes? Either way pretty high since you...
by Watty
Wed Feb 15, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: Retaining Wall
Replies: 25
Views: 2084

Re: Retaining Wall

Before you do anything I would have a structural engineer come out and look at it. Depending on how it is placed one problem you might have is that it could fail and damage a house, either yours or a neighbors. Your insurance might not cover that since it was earth movement or it was a known problem...
by Watty
Wed Feb 15, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 117
Views: 5650

Re: Credit cards vs. Cash

DaftInvestor wrote:Credit cards for everything. Using cash is leaving 2% cash-back on the table which adds up quickly.


+1

One area where people would be prone to spend more with a credit card is in grocery shopping. I get 3% cash back on grocery stores which is a significant amount.
by Watty
Wed Feb 15, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Any advice for buying a Dr Office?
Replies: 15
Views: 1770

Re: Any advice for buying a Dr Office?

I don't know anything about that type of business but it would be good to pay particular attention to the lease if the building is not owned by the business. The problem is that if the lease has favorable terms it might expire in four years and then the new lease could be much less favorable or they...
by Watty
Wed Feb 15, 2017 9:13 am
Forum: Personal Consumer Issues
Topic: Pop Quiz and Rant - Do you know what ICE stands for?
Replies: 19
Views: 1552

Re: Pop Quiz and Rant - Do you know what ICE stands for?

(actually, I know of a few older people that have printed a label with their ICE information and put it on the back or side of their phone). Having your number on your home screen will not help much if your battery is dead. My wallet came with a card for emergency numbers that I filled out. It is i...
by Watty
Wed Feb 15, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Rolling Over IRA to Crappy 401k in order to backdoor roth
Replies: 22
Views: 1291

Re: Rolling Over IRA to Crappy 401k in order to backdoor roth

Hers Rollover IRA ~$30k (Rolled over from previous 403b and TSP) ..... annual admin fee == ~%1.0 fees. So I have the following 3 questions: You would be paying $300 a year to invest $5,500. If that $5,500 was invested in a taxable account in stocks with a 2% qualified dividend of $110 a year you wo...
by Watty
Wed Feb 15, 2017 12:56 am
Forum: Investing - Help with Personal Investments
Topic: -$280k Net Worth Has Me Up At Night
Replies: 68
Views: 8761

Re: -$280k Net Worth Has Me Up At Night

Has Me Up At Night If you are not able to sleep well with your investments then you need to change that to match your investing personality. There is no right or wrong your investing personalty "is what it is" and if you do listen to it you will be very prone to panicking and making big m...
by Watty
Wed Feb 15, 2017 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Righting my Wrongs with Closed End Funds
Replies: 3
Views: 406

Re: Righting my Wrongs with Closed End Funds

I am trying to minimize my overall tax hit (as some have gains) Your general approach sounds reasonable but you need to look to see if you are actually saving the taxes or just deferring them. In addition to your tax rates you also have to look at things like child tax credit that is phased out as ...
by Watty
Tue Feb 14, 2017 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement
Replies: 21
Views: 2574

Re: Early Retirement

A couple of questions and concerns; 1) Is your wife's pension adjusted for inflation? 2) How much Social Security will you and your wife get? 3) Your numbers don't look right unless there is something else going on. The problem is that your $70K estimate of your current expenses might be way too low...
by Watty
Tue Feb 14, 2017 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Kids in Apartment Sharing Bedroom - Workable?
Replies: 50
Views: 2896

Re: Kids in Apartment Sharing Bedroom - Workable?

I was the youngest of three boys and for a long time all three of us slept in one room. One twin bed and a set of bunk beds. I had the bottom bunk and I can still remember occasionally putting my feet up and bouncing my brother to bug him. :D The interesting thing is that it was a three bedroom hous...

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