Search found 9896 matches

by Watty
Fri Feb 24, 2017 5:04 pm
Forum: Personal Consumer Issues
Topic: critique Italian itinerary
Replies: 15
Views: 537

Re: critique Italian itinerary

Then take the last possible train of the day back to Milan to spend the night before our next morning flight back home. That might be cutting it too close since you could miss that train or there could be a strike or something. I would catch an earlier train just to give you more alternatives. You ...
by Watty
Fri Feb 24, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: Hearing Aid Benefits
Replies: 15
Views: 510

Re: Hearing Aid Benefits

and not covered by his insurance. If he has not already done it he should double check on this by calling their 800 number and asking. Before I retired it turned out that hearing aids were actually covered by my employer's health coverage and it was far from a Cadillac plan so that really surprised...
by Watty
Fri Feb 24, 2017 2:22 pm
Forum: Personal Consumer Issues
Topic: At what point is a used car worth it
Replies: 17
Views: 1271

Re: At what point is a used car worth it

Here is how I look at the math. I don't do much work on cars myself so I usually replace cars when they are ten years old and have will over 100K miles on them. I look at the yearly cost of car ownership excluding routine costs like tires and oil changes that you will have with any car. In made up n...
by Watty
Fri Feb 24, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: What if someone gets your password and transfers money from your bank to theirs?
Replies: 19
Views: 1846

Re: What if someone gets your password and transfers money from your bank to theirs?

nisiprius wrote:How would they do this? I'm not saying it's impossible, but it's not easy.


Sure it is. Trying to capture passwords is what a lot of viruses and malware do.
by Watty
Fri Feb 24, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: risk of my Tesla deposit
Replies: 53
Views: 2996

Re: risk of my Tesla deposit

Maybe I don't understand the logic here. If you are afraid of losing your $1,000 deposit, why are you not afraid of Tesla going under after you purchase a $30,000 car? +1 That is what I was going to say. If they go belly up the day after you get your car what will happen to the warranty and getting...
by Watty
Fri Feb 24, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement vs Down Payment
Replies: 28
Views: 1696

Re: Retirement vs Down Payment

Jack FFR1846 wrote:A $500k house now is going to be an $800k house in 8 years in a town like Andover, for example.


Or $400K, there is now way to know and as many people found out the hard way housing prices don't always go up.
by Watty
Fri Feb 24, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: How much are independent contractors really taxed?
Replies: 27
Views: 1192

Re: How much are independent contractors really taxed?

There are also things like the phase out of the child tax credit that you would also have to consider. The best thing to do would be to make a copy of a recent tax return in your tax software and add the self employment income and any deduction you might take to the return to see the overall affect ...
by Watty
Fri Feb 24, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Father runs an empire at age 80; not my business?
Replies: 18
Views: 3604

Re: Father runs an empire at age 80; not my business?

One tactic you might try to make it easier to talk about this is to ask for his advice in setting up your own estate plans since you are at the point where you will be retiring soon. That might lead to talking about his estate plans and how they would effect your plans. It was likely a different cul...
by Watty
Fri Feb 24, 2017 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Invest or pay off mortgage?
Replies: 8
Views: 664

Re: Invest or pay off mortgage?

Invest or pay off mortgage? There is a wiki on this; https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing Don't underestimate the sequence of returns risk if you don't pay it off. Your investments could earn much more than 3% on average over the next ten+ years but if you get unlucky ...
by Watty
Fri Feb 24, 2017 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing a new house -- Are we being stupid to consider it?
Replies: 29
Views: 2455

Re: Purchasing a new house -- Are we being stupid to consider it?

have been talking with a builder about 20 minutes farther out If that means adding 40 minutes to your commute each day that would be a deal killer or me. You also need to be be careful in that when people say a "20 minute commute" they usually mean that it is 20 minutes on a good day. Mos...
by Watty
Thu Feb 23, 2017 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: In a bit of a pickle as executor with individual stocks
Replies: 14
Views: 873

Re: In a bit of a pickle as executor with individual stocks

It was 30K the day he put it in Scottrade and now the entire account is valued at 26K. I not sure how the stepped up cost basis might work with jointly held stocks like this buy most likely result in a capital loss anyway. I would just sell it all and then pay whatever taxes are due. If the stocks ...
by Watty
Thu Feb 23, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement vs Down Payment
Replies: 28
Views: 1696

Re: Retirement vs Down Payment

I would have your wife reduce her contribution to 5% to just get all of her match but increase yours as much as possible to make up for that because you will still get a 25% match up to the maximum of $18,000 401k contribution. There is little reason for her to contribute more than 5% to her 401K wh...
by Watty
Thu Feb 23, 2017 8:48 am
Forum: Investing - Theory, News & General
Topic: The 100 year flood and stock market statistics
Replies: 21
Views: 1784

Re: The 100 year flood and stock market statistics

Yes, that's right, but I think we're taking 100-year flood too literally. We really don't know the difference between 100 and 200 and 50, and even 25. It's just a very crude estimate The bigger problem is that people don't think through the what a 100-year flood means because of the way it is state...
by Watty
Wed Feb 22, 2017 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting review of my IPS (Doctor)
Replies: 23
Views: 1363

Re: Requesting review of my IPS (Doctor)

Just for brainstorming here are some suggestions of points that you might add or change. 1) What you will do for college costs if you have, or may have kids. 2) A blanked statement that you will not have any debts except for the student loan and a mortgage. Always pay off the credit cards each month...
by Watty
Wed Feb 22, 2017 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing and the Glide Path Toward Retirement
Replies: 4
Views: 297

Re: Rebalancing and the Glide Path Toward Retirement

One thing I have done was to set my asset allocation to basically mimic the asset allocation that target date funds use with a three or four fund portfolio. I figured that would at least put me in the right ballpark. I have not read it but Vanguard has a white paper that outlines their approach and ...
by Watty
Wed Feb 22, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Good time to ditch my target date fund in 457b?
Replies: 14
Views: 854

Re: Good time to ditch my target date fund in 457b?

The super low expense ratio on the first caught my eye. Indeed, its institutional shares (all 3 are actually)--- $200,000,000 minimum investment. Just FYI. $200,000,000, I'm not sure I understand what that means. I certainly don't have that kind of money. This is a 457b plan in New York State Defer...
by Watty
Wed Feb 22, 2017 11:01 am
Forum: Personal Consumer Issues
Topic: Purchasing 1 acre, building custom home in Cedar Hills, Texas
Replies: 21
Views: 1534

Re: Purchasing 1 acre, building custom home in Cedar Hills, Texas

It can cost tens of thousands of dollars to get all the utilities into a lot an in some situations you may not be able to get all the utilities at a reasonable cost. Be sure to have all that figured out before you buy the land. I don't know that area but it would be much easier and safer to buy a lo...
by Watty
Wed Feb 22, 2017 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Good time to ditch my target date fund in 457b?
Replies: 14
Views: 854

Re: Good time to ditch my target date fund in 457b?

I didn't look up those ticker symbols(you can edit your post) but the general plan is how I managed a similar situation.
by Watty
Wed Feb 22, 2017 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Just received a UGMA in the form of a variable annuity…cash it out, or keep it?
Replies: 26
Views: 1056

Re: Just received a UGMA in the form of a variable annuity…cash it out, or keep it?

It was a gift to you in the year the account was opened. Since then it has been YOUR money although your mom was the custodian while you were a minor. I hope there weren't any tax implications up to now and if there were, who paid those taxes? That is one benefit of a non-qualified annuity. It is s...
by Watty
Wed Feb 22, 2017 7:55 am
Forum: Investing - Help with Personal Investments
Topic: Just received a UGMA in the form of a variable annuity…cash it out, or keep it?
Replies: 26
Views: 1056

Re: Just received a UGMA in the form of a variable annuity…cash it out, or keep it?

A couple of points, 1) If you have a 401k that you would not otherwise be maxing out the you could cash out the annuity but also increase your 401k payroll deduction but $1,000 a month for the rest of the year. That would give you an extra $11,000 401k deduction to offset the $11,000 in taxable inco...
by Watty
Wed Feb 22, 2017 7:40 am
Forum: Investing - Help with Personal Investments
Topic: First Post. IRA vs TSP
Replies: 4
Views: 337

Re: First Post. IRA vs TSP

There is a wiki on choosing between the Roth and deductible retirement account. https://www.bogleheads.org/wiki/Traditional_versus_Roth One thing to remember is that the choice is not between putting $1,000 into either, it is; 1) Put $1,000 into a deductible retirement account. 2) Put $850 into a Ro...
by Watty
Tue Feb 21, 2017 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Sign-Up Requirements
Replies: 7
Views: 560

Re: Medicare Sign-Up Requirements

Be sure to check on the the details of your employers plan to see if you are required to go on Medicare when you turn 65. It was under Cobra so that might be different but in my plan when you are on Cobra your were required to go on Medicare when you turned 65.
by Watty
Tue Feb 21, 2017 12:41 pm
Forum: Personal Consumer Issues
Topic: Car Lease - Need Advice
Replies: 16
Views: 1136

Re: Car Lease - Need Advice

Some things I've found online: 1. Negotiate the best possible price for the vehicle upfront 2. Negotiate the best residual value (I'm assuming, the higher the better since leasing is just paying for the depreciation correct?) 3. Don't focus on the monthly payment 4. Ask what the lease factor/money ...
by Watty
Tue Feb 21, 2017 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiate lowball offer? (new job)
Replies: 47
Views: 3742

Re: Negotiate lowball offer? (new job)

You really should have talked this over before you accepted the position. That was a big mistake but that is in the past. One thing to keep in mind is that the company is likely paying the temp agency a large placement fee for hiring you so that should be taken into your calculations so at least for...
by Watty
Tue Feb 21, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Garage Floor Covering - Need Advice
Replies: 20
Views: 1175

Re: Garage Floor Covering - Need Advice

Protect the floor from what? Oil stains? Physical damage (dropped heavy things, salt drip from cars)? Knowing this would help. +1 My garage floor is over 40 year old and it is still fine. I would suspect that it was sealed with something simple long before we bought the house but other than that no...
by Watty
Tue Feb 21, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 163
Views: 8782

Re: Extreme Valuations, and why you should reconsider

The risk reward is way out of whack in equities. You also have to compare the the risk in equities to your alternatives. The real return on bonds is meager or negative and they may be hurt badly when interest rates and inflation increase so it does not automatically follow that bonds are better. Th...
by Watty
Tue Feb 21, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: home improvementl strategy
Replies: 19
Views: 2002

Re: home improvementl strategy

These improvements will definitely help us feel good about our current home situation and avoid "moving up". Our only personal debt will be the home mortgage sitting at 159k fixed 30 year 3.125%. My student loan will be paid off in 2 months. The original loan amount on the house is right ...
by Watty
Tue Feb 21, 2017 1:35 am
Forum: Personal Consumer Issues
Topic: Any reason to delay using Turbotax to file taxes?
Replies: 13
Views: 1464

Re: Any reason to delay using Turbotax to file taxes?

There is a problem with people using identity theft to file fake tax returns for large refunds.

If you file the real once first the fake one will fail. If they file theirs first it will likely take you months to get it straightened out.

I would file it sooner rather than later.
by Watty
Tue Feb 21, 2017 1:29 am
Forum: Personal Finance (Not Investing)
Topic: How to Split Pension
Replies: 50
Views: 3130

Re: How to Split Pension

If the list of options their is likely once that is called something like "single life, ten year certain" where the pension will be paid for ten years no matter what. I would take a hard look at the numbers for that. I would also look at that this as part of your decision for when to start...
by Watty
Tue Feb 21, 2017 1:16 am
Forum: Personal Finance (Not Investing)
Topic: How do I buy a building lot from current owner ...
Replies: 18
Views: 1268

Re: How do I buy a building lot from current owner ...

When land is sold it is often contingent on being able to get all the needed permits and utility hookups. You do not want to buy the lot only to find that there is moratorium on new sewer hookups or that you cannot get cable at that address. https://www.google.com/#q=mortorium+on+new+sewer+ I have a...
by Watty
Tue Feb 21, 2017 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Newly married, how to move wife's accounts ?
Replies: 17
Views: 1222

Re: Newly married, how to move wife's accounts ?

After the move sometimes it makes sense to keep mutual funds that you would not buy today just because of the taxes that you would pay to sell the old fund. If she has anything like that one thing to do would be to set it up to not automatically reinvest the dividends and capital gains distributions...
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: 25
Views: 3822

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 Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 49
Views: 2819

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: 43
Views: 5151

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: 477

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: 420

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: 477

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: 21
Views: 2019

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: 21
Views: 2019

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: 36
Views: 8147

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: 1738

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: 6
Views: 1369

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: 43
Views: 5151

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: 15
Views: 1187

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: 2602

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: 10
Views: 1113

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: 232
Views: 9779

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: 15
Views: 1187

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: 1048

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: 30
Views: 2433

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...

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