Search found 7681 matches

by Watty
Fri Apr 29, 2016 9:14 pm
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 41
Views: 4630

Re: Major home renovation your thoughts

They may also get a significant reduction in their home insurance cost.
by Watty
Fri Apr 29, 2016 9:11 pm
Forum: Personal Consumer Issues
Topic: cost to replace furnace
Replies: 5
Views: 339

Re: cost to replace furnace

Last time I replaced mine it came with a ten year parts and labor warranty, with the requirement that I have it serviced each year by the company that installed it. I don't recall what I paid but I had the A/C replaced at the same time. You can likely google the exact model number to see what other ...
by Watty
Fri Apr 29, 2016 6:31 am
Forum: Investing - Theory, News & General
Topic: Almost bought an individual stock today...
Replies: 39
Views: 2481

Re: Almost bought an individual stock today...

When the topic of our competitor Amazon came up, one thing he casually said is "I don't know why everybody doesn't buy AMZN stock, they are going to be the biggest company in the world in 10 years. Their Prime subscriber base alone is mind blowing." "You know it's time to sell when s...
by Watty
Thu Apr 28, 2016 10:24 pm
Forum: Personal Consumer Issues
Topic: How do you stop robo-calls/unwanted calls?
Replies: 44
Views: 2352

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

If your landline is VOiP check nomorobo.com to see if your service has approved them. I have it since I read about it on this forum and it works great. Some calls slip through and I just go to their website and report the phone #. Basically if they recognize it as a robo call they disconnect it aft...
by Watty
Thu Apr 28, 2016 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Young Male Living with Parents
Replies: 83
Views: 3813

Re: Young Male Living with Parents

If you are all content with your arrangement, good for you. +1 There is no hurry to buy a house and lots of reasons to delay until you are a bit older. Several times I have seen promotions and job offers go to the person who could relocate the easiest. In one case there was a problem where a manage...
by Watty
Thu Apr 28, 2016 3:10 pm
Forum: Personal Consumer Issues
Topic: Atlanta in August -- worth it?
Replies: 33
Views: 1347

Re: Atlanta in August -- worth it?

People like to whine about the summer heat here but that is overblown. It rarely gets above 100 degrees here and while it is humid it really isn't that much more unpleasant than many other places This is because the elevation is about 1,000 feet above sea level which is one of the higher elevations ...
by Watty
Thu Apr 28, 2016 1:44 pm
Forum: Personal Consumer Issues
Topic: Semi-Retirement and Mexico/Central America
Replies: 14
Views: 1321

Re: Semi-Retirement and Mexico/Central America

....as per my later point - USA government i'm sure would reject me anyway. If you have not done it already it would be worth talking to an immigration lawyer about what it would take to get US residency or citizenship just to make sure since this is such a big decision. You very well could be corr...
by Watty
Thu Apr 28, 2016 12:17 pm
Forum: Personal Consumer Issues
Topic: Car Seat for vacation car rental
Replies: 14
Views: 436

Re: Car Seat for vacation car rental

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

That would be a lot safer too in case there was a crash or bad turbulence.
by Watty
Thu Apr 28, 2016 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Should a 60 yr old buy her first house?
Replies: 27
Views: 2411

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

Watty wrote: I disagree with not considering the house to be a financial hedge though. Buying with a 30 year fixed rate mortgage is an excellent hedge against inflation. It protects against rent increases since your mortgage payment would be fixed and if inflation is higher than your interest rate ...
by Watty
Thu Apr 28, 2016 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Is changing career paths to make less money ever a smart move?
Replies: 26
Views: 2039

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

It would be a significant pay decrease ($180K to $65K) but the $65K does come with benefits where the $180K does not. The first thing I would do would be to figure out what the bottom line difference would after adjusting for taxes, benefits, and the cost of living in the different area. I would al...
by Watty
Thu Apr 28, 2016 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Should a 60 yr old buy her first house?
Replies: 27
Views: 2411

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

I worry about considering a home purchase as a financial hedge. Often, it simply doesn't work that way. Please don't assume you'll be able to sell a home for a profit - that isn't always the case, and certainly isn't something you can depend on. +1 on not expecting for the price to go up. I disagre...
by Watty
Thu Apr 28, 2016 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Should a 60 yr old buy her first house?
Replies: 27
Views: 2411

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

In my area there are senior communities where the landscaping is included in the monthly fees. It takes a while to find a good one but I have known people that had good handymen that they would regularly hire for a half a day every couple of months. In renting you are just paying someone else to do ...
by Watty
Wed Apr 27, 2016 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Should a 60 yr old buy her first house?
Replies: 27
Views: 2411

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

Need advice. I'm 60 and want find my home for the rest of my life. I plan to retire in 5 yrs. I've never owned real estate...always rented. I have $145K saved in 401K and MM accounts, SS will be about $2100/month. I will have a housing payment either way in my retirement...either rent or a mortgage...
by Watty
Wed Apr 27, 2016 8:26 pm
Forum: Investing - Theory, News & General
Topic: Windfall - Payoff Car or Keep it Invested
Replies: 13
Views: 883

Re: Windfall - Payoff Car or Keep it Invested

There is a wiki on this. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing When questions like come up I like to turn the questions around and ask something like "I have a paid off car. Should I get a car loan so that I can invest the money?" This is really the same questi...
by Watty
Wed Apr 27, 2016 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of relocation packages have you gotten?
Replies: 10
Views: 1313

Re: What kind of relocation packages have you gotten?

For a cross country relocation with the same company during a merger they paid for the house selling and buying costs grossed up. They also paid for a moving company and gave a small bonus to cover incidentals. As I recall other than the moving van most expenses were taxable to me. I was in a higher...
by Watty
Wed Apr 27, 2016 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - 31yo married filed jointly
Replies: 7
Views: 752

Re: Portfolio Review - 31yo married filed jointly

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



You can deduct $3,000 a year and any extra will carry forward to the next year.
by Watty
Wed Apr 27, 2016 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Pension buy outs ???
Replies: 17
Views: 1633

Re: Pension buy outs ???

With 20 years until the pension starts there is a lot of inflation risk. Until you get the details there isn't much you can do other than get an ulcer trying to figure this out without all the pieces of the jigsaw puzzle. I would try to put it aside until you get the details and then post the details.
by Watty
Wed Apr 27, 2016 6:45 pm
Forum: Personal Consumer Issues
Topic: Should I accept this offer on my house?
Replies: 52
Views: 2876

Re: Should I accept this offer on my house?

There is no way for us to know what a fair price is. One potential problem is that if you keep the house for another year or more then interest rates could rise and the housing market could cool off from slow to dead. Yep- accept offer but the house "as is". That sucks them in and commits ...
by Watty
Wed Apr 27, 2016 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Help me better understand Traditional vs Roth factors.
Replies: 26
Views: 1285

Re: Help me better understand Traditional vs Roth factors.

Sorry to confuse this, but has everyone against the Roth considered folks who make too much to contribute to a tIRA with full tax deferrability, but can contribute the $5,500 to a Roth? Seems like many of us (>$118k mfj <$183k) have the Roth as the only option. Or would you then skip the Roth and f...
by Watty
Wed Apr 27, 2016 6:50 am
Forum: Personal Finance (Not Investing)
Topic: I-bonds versus mortgage.
Replies: 11
Views: 1416

Re: I-bonds versus mortgage.

debating whether to sink 10K into I-bonds , versus continue to pay down mortgage . age 43 tax bracket federal 39% state 0% mortgage 4.125% ( 75K balance ) , estimated after tax interest rate of ~4% due to deduction phaseouts The deduction phaseout affects the deductible part first. If you pay off $...
by Watty
Tue Apr 26, 2016 10:44 pm
Forum: Personal Consumer Issues
Topic: BH Way of Landscaping?
Replies: 42
Views: 3221

Re: BH Way of Landscaping?

So I'm on round two of trying to properly fill in several large patches in my lawn. After $250 in tools/seed/fertilizer, I'm finally seeing grass. However, there's a lot of weeds in there and I have a feeling my yard is going to be a beautiful collection of plant life...rather than just being grass...
by Watty
Tue Apr 26, 2016 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pension buy outs ???
Replies: 17
Views: 1633

Re: Pension buy outs ???

When you left the job last fall then your pension was basically frozen at that time. If you were still working and accruing pension credits this would be a lot bigger deal. Depending on your plan you may have already had the option to take a lump sum. There is a wiki on this that you should read. ht...
by Watty
Tue Apr 26, 2016 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Help me better understand Traditional vs Roth factors.
Replies: 26
Views: 1285

Re: Help me better understand Traditional vs Roth factors.

There is a wiki on this if you have not seen it. https://www.bogleheads.org/wiki/Traditional_versus_Roth One of the reasons that the "which is better" question is so hard to answer is that for many people having a mixture of account types is the right answer. One thing that you really need...
by Watty
Tue Apr 26, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: I-bonds versus mortgage.
Replies: 11
Views: 1416

Re: I-bonds versus mortgage.

am I missing something? Paying down the mortgage essentially gets you the equivalent of a tax free no risk 4% return. With the current low interest rates if you buy an ibond instead you are pretty much guaranteed to loose purchasing power when you eventually redeem it and pay the taxes on the infla...
by Watty
Tue Apr 26, 2016 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Please review my Investment Policy Statement
Replies: 15
Views: 1330

Re: Please review my Investment Policy Statement

It would be good that investment plan should document the medium-term goals (like a new car, a home purchase, starting a business and education expenses for children) next to the long-term goals like retirement. +1 That is what I was going to suggest. I would also add a section on setting a budget ...
by Watty
Tue Apr 26, 2016 1:54 pm
Forum: Personal Consumer Issues
Topic: Holes in the heels of black dress socks
Replies: 30
Views: 1710

Re: Holes in the heels of black dress socks

The price of cotton really spiked in 2011 and a lot of companies switched to other less expensive blends, not just with socks, and they have been slow to switch back. http://www.indexmundi.com/commodities/?commodity=cotton&months=120 That is one of the reasons that the general quality of clothin...
by Watty
Tue Apr 26, 2016 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: 1M net worth, need help investing
Replies: 15
Views: 2317

Re: 1M net worth, need help investing

It would help to edit your post to put it in more of this format since which fund to use could vary based on what type of account it is in. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 You should also add the name of the funds and the expense ratios to your post. The most general su...
by Watty
Tue Apr 26, 2016 1:02 pm
Forum: Personal Consumer Issues
Topic: Off to Australia - need advice
Replies: 46
Views: 2044

Re: Off to Australia - need advice

If we were to rent a car, I am still unclear on the liability insurance aspect. What is the "excess" that they are referring to? I do not get it. The excess is the way they say the deductible. If you have a $1,000 excess and you wreck the car you would need to pay the $1,000. Australia is...
by Watty
Tue Apr 26, 2016 6:17 am
Forum: Investing - Help with Personal Investments
Topic: Some life changes - Could use a check-up
Replies: 4
Views: 583

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

It would be good to edit your post to add the fund names in addition to the symbols so that people can see what they are. One thing that stands out is that you don't have a good mortgage rate. I would look at using the $90K check to help pay down the mortgage amount to below the limit for Jumbo loan...
by Watty
Mon Apr 25, 2016 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with money (first world problem)
Replies: 15
Views: 2630

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

At your income level dealing with a rental with a backed up toilet or taking an afternoon off work to deal with a contractor makes little sense. If you want more real estate exposure then buy a REIT in one of your retirement accounts. If you don't already have it putting money into a car fund to pay...
by Watty
Mon Apr 25, 2016 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Relo Benefits Grossed Up
Replies: 5
Views: 345

Re: Relo Benefits Grossed Up

Did you include FICA and state taxes in your calculations?

If not that could be part of the difference.
by Watty
Mon Apr 25, 2016 7:05 pm
Forum: Personal Consumer Issues
Topic: Off to Australia - need advice
Replies: 46
Views: 2044

Re: Off to Australia - need advice

8 day trip? YOu'll want 3 weeks there...absolute minimum of 2 weeks. Your vacation sounds way too rushed imo. +1 And you would be burning up a lot of time traveling between cities. When you add of the time it takes to get to the airport, flight time, and getting to your next hotel that will use uf ...
by Watty
Mon Apr 25, 2016 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Want a new vehicle, but can't "justify" spending?
Replies: 27
Views: 2479

Re: Want a new vehicle, but can't "justify" spending?

The safety features have improved a lot since 2003. Even if you decide not to get the truck that car is due to be replaced if you are not a tight budget.
by Watty
Mon Apr 25, 2016 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for post retirement career
Replies: 53
Views: 2578

Re: Advice for post retirement career

Age discrimination is a huge problem in IT so you will have a very hard time finding an IT job in your 50's without any IT experience. I retired out of IT last year and I saw a lot of people in their 50 or older who had been laid off or fed up with their job and they could not find another IT job. I...
by Watty
Mon Apr 25, 2016 10:27 am
Forum: Personal Consumer Issues
Topic: Car Buying Advice
Replies: 31
Views: 2364

Re: Car Buying Advice

No way I would be spending over 30k on a car if i had to take out a loan, especially a Kia. +1 With some careful shopping you can get something like a base model Camry or Accord for about $20K or a Corolla or Civic for a lot less. A secondary but important consideration question for the decision to...
by Watty
Mon Apr 25, 2016 10:13 am
Forum: Personal Consumer Issues
Topic: Just washed and stained my cedar house. You'll never guess my next question :)
Replies: 16
Views: 2390

Re: Just washed and stained my cedar house. You'll never guess my next question :)

If you have a HOA there may be restrictions on what type of siding you can have so be sure to check on that. Since you will be moving in a few year there there is little need to change it if does not really need to be replaced now. If there are a few section that need repairs then it would be better...
by Watty
Mon Apr 25, 2016 8:56 am
Forum: Personal Finance (Not Investing)
Topic: late 30s, what career or new degree
Replies: 24
Views: 3046

Re: late 30s, what career or new degree

While I can do maths, I don't like programming, is that required in data science? I know someone that did a mid-career change and did a program to get some sort of statistics degree(I don't remember the details). He is doing well but one of the main things that made him employable was learning the ...
by Watty
Sun Apr 24, 2016 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Custom whole life insurance to generate retirement income
Replies: 8
Views: 622

Re: Custom whole life insurance to generate retirement income

This person is not really your friend because friends don't recommend to friends whole life insurance in any form. +1 http://whitecoatinvestor.com/8-reasons-to-avoid-whole-life-insurance-and-4-reasons-to-consider-it/ 4~5% annual return rate The devil is in the details and with whole life insurance ...
by Watty
Sun Apr 24, 2016 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Online pharmacies
Replies: 5
Views: 660

Re: Online pharmacies

There was this thread about Canadian Pharmacies a few months ago and you can find more threads by searching for them. https://www.bogleheads.org/forum/viewtopic.php?t=184914 In looking into this one thing to check on is where the prescription will actually be shipped out of since some drugs may be s...
by Watty
Sun Apr 24, 2016 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me
Replies: 24
Views: 2007

Re: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me

At the VP level you should really be having a lawyer review the agreement.
by Watty
Sun Apr 24, 2016 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Dealing with the "waiting game"
Replies: 26
Views: 3286

Re: Dealing with the "waiting game"

How have you dealt with the waiting game? By this I am assuming that for the last few years you have enjoyed figuring out you finances and getting them in order. Some people enjoy the mental stimulation of this sort of like doing a jigsaw puzzle or Rubik's Cube. If that is correct then you might tr...
by Watty
Sun Apr 24, 2016 9:28 pm
Forum: Personal Consumer Issues
Topic: Fixing up your home - or just selling it?
Replies: 17
Views: 1492

Re: Fixing up your home - or just selling it?

Whatever you do block off the deck since it sounds unsafe. Don't just tell the kids not to use it but make it so that they can't get to the deck if that would still leave other exits to use in case of a fire. People being hurt in deck collapses is not uncommon. All real estate is local so it would ...
by Watty
Sun Apr 24, 2016 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone work P/T only for medical?
Replies: 3
Views: 699

Re: Does anyone work P/T only for medical?

I have known several people that have worked as school bus drivers as a bridge job into retirement. At least around here they will train you, and you can get health insurance through the job. It was not real high paying but they just worked a few hours each morning and afternoon and they have summer...
by Watty
Sun Apr 24, 2016 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Should I start my own consulting business?
Replies: 10
Views: 1133

Re: Should I start my own consulting business?

There are a few consultants in this field already and I heard from a colleague that they charge $15k to handle this process for a client. I'm not particularly well-compensated, and I'd only need 5-6 clients per year to replicate my salary (gross not net of expenses). I suspect that you are vastly u...
by Watty
Sun Apr 24, 2016 10:11 am
Forum: Investing - Help with Personal Investments
Topic: EM vs. Asia ex Japan
Replies: 12
Views: 798

Re: EM vs. Asia ex Japan

So I have an Emerging Markets allocation (20% of my stocks). Emerging market investing has had a lot of buzz for at least five years now. I never understood just why that was any different than trying to pick any other hot sector and when "everyone knows" that you should overweight a part...
by Watty
Sun Apr 24, 2016 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage instead of buying bonds
Replies: 33
Views: 2982

Re: Paying off mortgage instead of buying bonds

My desired AA is 80/20. The Vanguard 2045 fund only 10% bonds so you might compromise and pay the mortgage down and buy stock until you get to just 10% in bonds. https://personal.vanguard.com/us/funds/snapshot?FundId=0306&FundIntExt=INT One of the main reasons that you want to have some bonds i...
by Watty
Sat Apr 23, 2016 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Mid-Career Officer needs some advice
Replies: 12
Views: 1869

Re: Mid-Career Officer needs some advice

Our mid-range goal is to save enough for a significant down payment on a house when we leave the military (in 8, 10 or 12 years). I like the idea of putting any extra money into our house since it will result in us paying it off earlier or getting the money back when we sale it. Additionally, if we...
by Watty
Sat Apr 23, 2016 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to locate lost pension (or determine if eligible)
Replies: 7
Views: 684

Re: How to locate lost pension (or determine if eligible)

Does he remember any people that he worked with that would have had the same pension?

Even if he has lost touch with them you may be able to find them on the internet.
by Watty
Sat Apr 23, 2016 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: late 30s, what career or new degree
Replies: 24
Views: 3046

Re: late 30s, what career or new degree

One option is do something related to repairing computers. I spent a lot of time in front of computers in my teens (more than 10,000 hours), and I find it very easy to diagnose computer/network problems. My friends/family usually come to me to fix theirs. If you hated the engineering so much that y...
by Watty
Sat Apr 23, 2016 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Promoting the Bogleheads on Facebook
Replies: 3
Views: 407

Re: Promoting the Bogleheads on Facebook

Facebook is not anonymous and will often put your postings in front of your friends and family . That is not the best way to discuss financial planning since even if you don't give a lot of details you will be giving out enough information for people to figure out more than you would probably want t...

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