Search found 10246 matches

by Watty
Fri Apr 28, 2017 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Investing for Elderly Parents
Replies: 13
Views: 681

Re: Help with Investing for Elderly Parents

The amount they received is approx $700K. Their current monthly income is about $2000/month so their tax rate is relatively low. House is already paid off. I'd like them to get a stable income from the money they receive and enjoy it while they still can. I am thinking about putting 70% in VBMFX, 2...
by Watty
Fri Apr 28, 2017 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Investing for Elderly Parents
Replies: 13
Views: 681

Re: Help with Investing for Elderly Parents

It really depends on things like their tax bracket, their net worth, their income needs, and how large an amount you are talking about.

$50,000 and a million dollars are both fairly large amount to me but how to invest them would be very different.
by Watty
Fri Apr 28, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Condo or Rent it out
Replies: 12
Views: 952

Re: Sell Condo or Rent it out

The condo debt is fine for my debt to income ratio compared to income for my dream home. As in, I could buy a very expensive home (not that I would necessarily do this) and keep the condo vacant and lenders will be ok. If you have a high income or high net worth then managing a rental may not be a ...
by Watty
Thu Apr 27, 2017 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Condo or Rent it out
Replies: 12
Views: 952

Re: Sell Condo or Rent it out

If you keep it as a rental you will be basically running a small business that is worth almost half a million dollars. If you want to do this then you should have a written business plan that includes professional tax advice and several possible exit strategies. If you are not willing to take the ti...
by Watty
Thu Apr 27, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Moving to CA for 2 yrs, lease or buy used car?
Replies: 13
Views: 800

Re: Moving to CA for 2 yrs, lease or buy used car?

Comparing buying a $5,000 used car to leasing a $20,000+ new car is a lot different. You will likely have a hard time buying "four door car with decent/good/excellent safety rating that we can take on road trips all over" for $5,000 especially if you want one that is very dependable and yo...
by Watty
Thu Apr 27, 2017 6:58 am
Forum: Personal Consumer Issues
Topic: Becoming a homeowner/landlord in a college town?
Replies: 43
Views: 3575

Re: Becoming a homeowner/landlord in a college town?

Plenty of landlords are renting to students and they seem to make the money and headaches worth it. For most, being a landlord is just not right for them and being a landlord to students is even worst. However for a select few, they can make it work. I think the key issue here is OP wanting to live...
by Watty
Tue Apr 25, 2017 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: $1m capital gains, worth it to simplify and index?
Replies: 46
Views: 3696

Re: $1m capital gains, worth it to simplify and index?

Any thoughts or suggestions are appreciated. There is a quote that is often posted here. “The enemy of a good plan is the dream of a perfect plan.” One of the first things I would do would be to sort the stocks by their dollar value as a percent of your portfolio. If any have grown to be more than ...
by Watty
Tue Apr 25, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement income for 50+ years?
Replies: 125
Views: 8847

Re: Retirement income for 50+ years?

How would you recommend I achieve my goals? What would you do if you were me? One thing to consider would be to live in a state with low or no state income taxes. You also have to factor in other taxes like sales tax and property tax but the total tax burden varies a lot. I would also consider your...
by Watty
Tue Apr 25, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Los Angeles house buying
Replies: 32
Views: 2906

Re: Los Angeles house buying

My circumstances are that I am 44, make about 150-190 (bonus varies), have 2 kids, have about 200k saved for downpayment, some 401k and roth accounts totalling about that much. You didn't mention having much college savings. Pretend that you could jump in your time traveling Delorean and go forward...
by Watty
Tue Apr 25, 2017 6:34 pm
Forum: Personal Consumer Issues
Topic: $300+ to remove a racoon. Really?
Replies: 83
Views: 4467

Re: $300+ to remove a racoon. Really?

Racoons are are one of the more common carriers of rabies so handling it yourself is likely not a good idea.

If you do trap the raccoon yourself it is likely that it is illegal to release it or there are severer restrictions on where you can release them.
by Watty
Tue Apr 25, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Moving to LCOL and Tax Deduction
Replies: 2
Views: 329

Re: Moving to LCOL and Tax Deduction

I once paid for my own move when I was young and I just needed a rental moving truck. Since I just had an apartment that was not any big deal. I was a computer programmer in the Bay Area before I left there when I was about 30 and I paid for my own move. I also I went through a corporate paid reloca...
by Watty
Mon Apr 24, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Are relocation expenses deductible if given lump sum from company?
Replies: 10
Views: 724

Re: Are relocation expenses deductible if given lump sum from company?

Thanks for the replies. The 22k lump sum is after tax. So the actual amount is 35k, but after taxes 22k is sent to my checking account. If I understand correctly, I can still deduct all my out of pocket relocation expenses from this 35k? "All" is way too broad a statement. There are very ...
by Watty
Mon Apr 24, 2017 9:03 pm
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 204
Views: 7806

Re: Will cars be autonomous in three years?

There are two components to making autonomous cars common.

1) The technology to do it.

2) Making it affordable enough that the majority of people can afford it.

It took about 25 years from the time airbags were introduced until they became mandatory and getting the cost down was one of the reasons.
by Watty
Mon Apr 24, 2017 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home in the Bay Area
Replies: 28
Views: 3191

Re: Buying a home in the Bay Area

It was a long time ago but I used to live in the Bay Area, Sunnyvale, when I was about your age. When I was ready to buy a house I ended up moving up to Portland Oregon which was inexpensive then(not so much now) and bought a house for maybe a fifth of what it would have cost in the Bay Area. That ...
by Watty
Sun Apr 23, 2017 11:27 pm
Forum: Personal Consumer Issues
Topic: Location ideas for month-long sabbatical abroad
Replies: 9
Views: 731

Re: Location ideas for month-long sabbatical abroad

We like good food, wine, hiking + biking, and general sightseeing. We are budget-minded (like many Bogleheads) and have enjoyed travel off-the-beaten path in the past. I welcome any thoughts! You could easily do a month in the Pacific Northwest if you have not been there. You could rent an RV for p...
by Watty
Sun Apr 23, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Would You Buy This Home? Please Tell Me Why Not?
Replies: 22
Views: 3192

Re: Would You Buy This Home? Please Tell Me Why Not?

If you were shopping for a house in five years you could end up buying that house with little clue that had been a model home that had been remodeled. I don't think that there is any reason to avoid it so you would need weight all the pros and cons just like any other house. I would have the house i...
by Watty
Sun Apr 23, 2017 9:44 pm
Forum: Personal Consumer Issues
Topic: Orlando Disneyland advice
Replies: 21
Views: 1583

Re: Orlando Disneyland advice

Some thinking outside the box. The Thanksgiving weekend will likely be crowded and there may be few good deals on hotels and airfare. There is also a Disneyland in Paris and the dollar is strong and I assume that the park would not be very busy at that time of year. You will likely have to bundle up...
by Watty
Sun Apr 23, 2017 8:38 pm
Forum: Personal Consumer Issues
Topic: Becoming a homeowner/landlord in a college town?
Replies: 43
Views: 3575

Re: Becoming a homeowner/landlord in a college town?

One issue is that the features of a house and neighborhood that make a rental and a house to live in are often very different. One I have noticed that rental homes where the mgt company is renting to a group of students go for a large premium over homes advertised as rentals for regular people, not ...
by Watty
Sun Apr 23, 2017 4:57 pm
Forum: Personal Consumer Issues
Topic: Refrigerator Water Filters -- OEM or Generic?
Replies: 23
Views: 13371

Re: Refrigerator Water Filters -- OEM or Generic?

One alternative is to use a larger external filter instead of the one in the refrigerator. We have an unfinished basement below the kitchen and when we had the kitchen remodeled our contractor suggested that we install a larger water filter down there. It feeds both the refrigerator and a special sm...
by Watty
Sun Apr 23, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3517

Re: Issue With Real Estate Agent (Seller)

If you don't need to sell ASAP, pull it off the market for 30 days, change agents and go through the remarketing process My sister and I are in the process of selling an estate home. We thoroughly interviewed 4 realtors to include reading every line of their offered contracts. Each contract include...
by Watty
Sun Apr 23, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home in the Bay Area
Replies: 28
Views: 3191

Re: Buying a home in the Bay Area

My commute would be a 45m-1hr drive (she'd take BART). I could also do BART-bike-Caltrain in at best 1hr15min but that's...long. When people say that they have a 45 minute commute they generally mean that it is 45 minutes on a good day. There will also often be bad days, terrible days and the occas...
by Watty
Sun Apr 23, 2017 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: typical deductions for retirees
Replies: 27
Views: 2263

Re: typical deductions for retirees

Some areas have property tax breaks for seniors so you may be paying less in property tax when you are older. Once you are on Medicare if you have a good Medigap supplement that may cover most of your normal medical expenses. There will still be uncovered medical, prescription, and dental expenses b...
by Watty
Sun Apr 23, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can we afford? Boston area.
Replies: 50
Views: 3148

Re: how much house can we afford? Boston area.

I work in tech and I am a little nervous about the recent surge in compensation for software engineers. You have good reason to be nervous. You are making more than many VP's with 20+ years experience make at good size companies in most parts of the country. In additional to salary pressure during ...
by Watty
Sun Apr 23, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage at 75 ?
Replies: 15
Views: 1793

Re: Mortgage at 75 ?

I don't know much about it and I suspect that it would not be a good idea for most people but you with a largeish downpayment you can also buy a home with a reverse mortgage.
by Watty
Sun Apr 23, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Alaska cruise advice
Replies: 30
Views: 1832

Re: Alaska cruise advice

Unless you really want the cruise experience then consider flying up to Juneau and taking shorter cruises or day trips from there.

That would give you a lot more time on the ground and you would have some flexibly if the weather is bad.
by Watty
Sun Apr 23, 2017 10:48 am
Forum: Personal Consumer Issues
Topic: Buying weekend home: suburbs or rural? (yard privacy important)
Replies: 24
Views: 2075

Re: Buying weekend home: suburbs or rural? (yard privacy important)

They will be harder to find but one option would be to find a smaller lot that backs up to a protected green-space. You need to find some protected land since undeveloped land might be developed later. If you decide on an area then you may need to wait for the right home comes on the market and then...
by Watty
Sun Apr 23, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Career advice in IT
Replies: 99
Views: 6728

Re: Career advice in IT

Focusing on the changes that might occur in IT because of the cloud is a red herring when it comes to predicting the future of IT jobs. The cloud will not doubt cause change but there is always change in IT and in all likelihood IT employment will grow a lot in the future not shrink. It is easy to f...
by Watty
Sun Apr 23, 2017 12:38 am
Forum: Investing - Help with Personal Investments
Topic: Not sure what account to open and with whom
Replies: 15
Views: 1242

Re: Not sure what account to open and with whom

Now we are considering vanguard, but there are so many accounts to choose from, I'm not sure what to go with. Im a little confused about mutual funds and etfs. Can you do both or is it smarter to do one or the other? We would like to open a Roth IRA instead of a traditional, but we will have to pay...
by Watty
Sun Apr 23, 2017 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Baby on the way checklist
Replies: 34
Views: 2590

Re: Baby on the way checklist

We do not have life insurance or wills. Do I need to see an estate lawyer? There have been lots of "should I use a lawyer for a will" thread that you can lookup but no one right answer since it depends on your situation With a minor kid I would lean towards using a lawyer but if you don't...
by Watty
Sat Apr 22, 2017 11:53 pm
Forum: Personal Consumer Issues
Topic: Time savers - life on automation
Replies: 39
Views: 4298

Re: Time savers - life on automation

Just FYI, for years I didn't realize that brown rice can be cooked very easily on the stove using the "excess water method" instead of the 2:1 water rice ratio that is often used. You use a 5:1 water to rice ratio, lot it set at a low boil for 30 minutes, drain it, then let it sit(off the ...
by Watty
Sat Apr 22, 2017 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: please advise- are we on target ?
Replies: 17
Views: 1420

Re: please advise- are we on target ?

-goal- for both of us to retire at 55 yrs with $200,000 yearly pretax income It would be good to consider your income needs at different ages, especially once the kids are off on their own. Many people will naturally slow down by the time they reach their mid 70's and their expenses can drop a lot ...
by Watty
Sat Apr 22, 2017 5:36 pm
Forum: Personal Consumer Issues
Topic: Strange cable wall jack in home. What is it? (pics included)
Replies: 18
Views: 3422

Re: Strange cable wall jack in home. What is it? (pics included)

Another possibility is that Intercom systems were considered pretty high tech in the 1960's. If the building was originally some sort of retirement home or apartments for seniors that could have been part of some intercom system to call for assistance. Sort of a 1960's version of the "help I've...
by Watty
Sat Apr 22, 2017 5:11 pm
Forum: Personal Consumer Issues
Topic: Six pack for barbecue?
Replies: 77
Views: 4980

Re: Six pack for barbecue?

Bonus question: should I consider additionally bringing a food item, like potato salad? It does not sound like you need to bring anything else and bringing anything large that would result in their being too much food. It might be too late to get it but if you happen to be from another country then...
by Watty
Sat Apr 22, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: New employment- Help with 401K fund selection
Replies: 5
Views: 470

Re: New employment- Help with 401K fund selection

Here are some wikis on how to set up a three fund portfolio. https://www.bogleheads.org/wiki/Three-fund_portfolio https://www.bogleheads.org/wiki/Tax-efficient_fund_placement I am leaning towards Principal LargeCap S&P 500 fund. That would be fine. For at least the next few years the others inde...
by Watty
Sat Apr 22, 2017 1:15 pm
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 51
Views: 3517

Re: Issue With Real Estate Agent (Seller)

Maybe I'm wrong here. You are. I have never looked at a house where that was a requirement. Except at a open house I would assume that the selling agent wanting to be there was because there were issues with the house that they wanted to steer me away from. There being there would also inhibit me t...
by Watty
Fri Apr 21, 2017 10:12 pm
Forum: Personal Consumer Issues
Topic: My Doctor says I am "unusual" (declining some blood tests)
Replies: 51
Views: 6676

Re: My Doctor says I am "unusual" (declining some blood tests)

Even with the advent of and requirement for physicians to use emr (electronic medical records) duplication of services remains a huge problem. Good for you for noticing this and decreasing the nations healthcare costs! :sharebeer Thanks for posting my exact thoughts. With EMR, how is this even poss...
by Watty
Fri Apr 21, 2017 8:22 pm
Forum: Personal Consumer Issues
Topic: Shopping for a new hot tub
Replies: 24
Views: 1718

Re: Shopping for a new hot tub

I think it's near its end of life, though. It sounds like it since you don't like the way that it is set up anyway. My current house had one built into the deck like that when I bought and it had a rat problem too!. Somehow they don't put that in the glossy brochure. It would have required major wo...
by Watty
Fri Apr 21, 2017 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment severance. Weekly or lump sum?
Replies: 12
Views: 857

Re: Unemployment severance. Weekly or lump sum?

I suspect that the reason that they have the option to allow people to take the delayed payments is that they sometimes lay people off near the end of the year. If they laid someone off in December and paid the $XX,XXX then that might put the person into a very high tax bracket and a lot of the seve...
by Watty
Fri Apr 21, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: Shopping for a new hot tub
Replies: 24
Views: 1718

Re: Shopping for a new hot tub

So, the hot tub that came with my house has finally died, and is not repairable. If you have been happy with your current hot tub you might get another opinion on the "not repairable" part. All the major components are replaceable so unless there is a problem with the fiberglass shell the...
by Watty
Fri Apr 21, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Did I make a good decision to retire July 2017 instead of July 2018?
Replies: 56
Views: 4838

Re: Did I make a good decision to retire July 2017 instead of July 2018?

Last day of Spring Vacation so this is my "dry run" for retirement. So far, I have enjoyed every moment. Spring break and big vacations are a lot different than retirement since a lot about retirement is not about the big trips, a lot of it is about being able to set your own pace. I stop...
by Watty
Thu Apr 20, 2017 10:42 pm
Forum: Personal Consumer Issues
Topic: Building your own fence
Replies: 35
Views: 2530

Re: Building your own fence

Any experiences to share? With the help you have it should be easy. Feed the crew well and don't break out the beer until late in the day. If you are using eight foot fence sections that is only 16 posts for a 120 foot fence. I have built a number of privacy fences and I always just used lumber and...
by Watty
Thu Apr 20, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Did I make a good decision to retire July 2017 instead of July 2018?
Replies: 56
Views: 4838

Re: Did I make a good decision to retire July 2017 instead of July 2018?

I am wondering if I made a wise decision to retire this year as I will be losing out an extra $450 per month should I retire one year later. That $450K is before you pay taxes on it. Being single in a high tax state I would guess that it is probably less than $300 a month after taxes. Very roughly ...
by Watty
Thu Apr 20, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to start paying down (or off) a low rate mortgage?
Replies: 53
Views: 5080

Re: When does it make sense to start paying down (or off) a low rate mortgage?

There is a wiki on this if you have not seen it. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing To your list of factors I would add; 6) As the percentage of bonds in your target asset allocation increases it makes less sense to keep the mortgage because a high percentage or the f...
by Watty
Wed Apr 19, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase - No Mortgage
Replies: 4
Views: 713

Re: Home Purchase - No Mortgage

The bad: To get the rest of the funding, I'd need to pull out my Roth contributions plus the additional $10k first-time homebuyer (which I qualify for). The ugly: .... And, I'd need to take $50k from a 401k loan. [Employer allows 15-yr term on home purchase. $125 fee; Currently at 6.00%). If you ha...
by Watty
Wed Apr 19, 2017 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Recast vs. Investing vs. ??
Replies: 14
Views: 1119

Re: Mortgage Recast vs. Investing vs. ??

saving 50% of take home pay....... as spouse will be graduating soon Once your spouse graduates and goes to work I would assume that your income will increase significantly and you will have even more disposable income. The downside is that your income may be so high that you can't deduct the inter...
by Watty
Wed Apr 19, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate rate of return?
Replies: 34
Views: 3117

Re: Real estate rate of return?

One thing that has not been mentioned is that you need to look into if you have parking for an additional car or two for a single tenant or a couple. Having parking for their guests could also be an issue. Being able to rent a place with limited or no parking can be a problem. In some areas there ar...
by Watty
Wed Apr 19, 2017 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 5085

Re: Can I afford private school for my kids?

The cost is 11k per child. ... - My salary (gross) - 140k, Stay-at-home wife - Spending - 5k/month - Own home outright With taxes the private schools might use of $30K or so if your income. In effect you would need to live as if you were "only" making $110K a year. With a paid off house y...
by Watty
Tue Apr 18, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Pension option-Should I include child?
Replies: 33
Views: 2116

Re: Pension option-Should I include child?

I can easily afford to chose this option. Reading between the lines would suspect that in pretty much any scenario the kid will likely get a large inheritance some day even you don't choose the pension option. If not then you should not take the reduced the pension. If so then they might get a larg...
by Watty
Tue Apr 18, 2017 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate dilemma -- sell it or fix and rent?
Replies: 9
Views: 1077

Re: Real estate dilemma -- sell it or fix and rent?

If she sells it now she can likely take the homeowners capital exclusion and may not need to pay any capital gains taxes. It is kept as a rental for more than a few years then she could owe a LOT of capital gains taxes if she never needs to sell it. I'm new to this and trying to figure out how to ma...
by Watty
Tue Apr 18, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited over $500k looking to invest & produce income
Replies: 13
Views: 2387

Re: Inherited over $500k looking to invest & produce income

There is a wiki on managing a windfall and one of the things that is highly suggested is just put it into a very safe investment for six months or a year while you figure out a long term plan. https://www.bogleheads.org/wiki/Managing_a_windfall My goals: 1. To have 3-4 rental houses to generate appr...

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