Search found 11733 matches

by Watty
Mon Dec 11, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 64
Views: 4404

Re: Done gone and did it

I have to finalize my pension benefit. The choices are: Lump sum: $534,707.76 Single Life Annuity: $3,376.15 I'm single, so no beneficiary option. Running SPIA calculators, they come up with about $2500/month for that lump. I think the annuity makes the most sense. I have a substantial "lump sum" i...
by Watty
Mon Dec 11, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off a mortgage with an almost non-existent rate
Replies: 15
Views: 1128

Re: Paying off a mortgage with an almost non-existent rate

Or since we are maxing everything out, would it make sense to pay the mortgage off early? Does it ever make sense to pay off a mortgage with such a low interest rate? I am a huge fan of having a paid off house but at that rate I would be very reluctant to pay it off early since you could just put t...
by Watty
Mon Dec 11, 2017 12:49 pm
Forum: Investing - Theory, News & General
Topic: Cloud mining and holding bitcoin
Replies: 7
Views: 655

Re: Cloud mining and holding bitcoin

rmelvey wrote:
Mon Dec 11, 2017 12:34 pm
I don't like the cloud mining services. A lot of them are structured like a ponzi scheme. You are usually better off just buying and holding the crypto yourself.
And they may not be all that secure.

https://www.wsj.com/articles/millions-m ... 1512625176
by Watty
Mon Dec 11, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 64
Views: 4404

Re: Done gone and did it

Congradualtions!

At some, but not all companies, your healthcare benefits continue through the end of the month of when your last day is. If possible you might want to make the effective date February 1st to get that paid through the end of February.
by Watty
Mon Dec 11, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Sell to lock in 0% cap gains?
Replies: 4
Views: 392

Re: Sell to lock in 0% cap gains?

It makes sense and is called tax gain harvesting. https://www.bogleheads.org/wiki/Tax_gain_harvesting In addition to federal and state taxes you also need to consider if it will impact things like college financial aid and healthcare subsidies. The reason is that even though you will owe zero federa...
by Watty
Mon Dec 11, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin IRA
Replies: 28
Views: 2267

Re: Bitcoin IRA

Makes me wonder.. If Bitcoin goes to $20K by end of 2017, 40K by 2018, and $100K by 2020, will people on this board keep saying "too late to the game" "end of the Bitcoin bubble" then? :D From my post earlier in the thread. Unfortunately one of the hallmarks of a bubble is that it can go on longer ...
by Watty
Sun Dec 10, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 13
Views: 1467

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

I'm currently 30 and my SO is 26. One red flag is that when you say significant other I would assume that you are not married and when you talk about your finances "we have" likely really means that you have and your SO have different amounts that would leave you in much different situations and li...
by Watty
Sun Dec 10, 2017 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage instead of buying bonds
Replies: 40
Views: 6003

Re: Paying off mortgage instead of buying bonds

Musicman, The majority of folks think you should invest vs paying off/down your mortgage. Using that same logic since I long ago paid off my morgage would it make sense for me to refinance my home and invest the balance???? Nope. I learned long ago that debt drives decisions, run from it as fast an...
by Watty
Sun Dec 10, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can/Should early retiree avoid ACA tax credits?
Replies: 34
Views: 2012

Re: Can/Should early retiree avoid ACA tax credits?

One thing to check on is that in many states you can buy a policy directly from the insurance company outside the exchange where you do not get a subsidy for a much lower price than if you buy a policy with the subsidy through the exchange. In some states the rules were implemented differently and i...
by Watty
Sun Dec 10, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Pay taxes on free food?
Replies: 29
Views: 2865

Re: Pay taxes on free food?

I have never received a 1099 from any of the pharmaceutical companies. I would guess 8-10 different companies have provided lunches for our department at about $10-$15 per lunch, and I have gone to a few dinners as well at around $80-$100 each. The gifts are only food and beverage. When I look at m...
by Watty
Sun Dec 10, 2017 3:44 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 3699

Re: Buying index funds is just as speculative as buying Bitcoin

The vast majority of people buying index funds don’t care much about the underlying companies they are purchasing shares of. Their primary goal is to perform as well as the underlying market and hopefully beat inflation . They are speculating that by throwing their money into a little bit of everyt...
by Watty
Sun Dec 10, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: How are 401k withdrawals taxed when you retire?
Replies: 10
Views: 954

Re: How are 401k withdrawals taxed when you retire?

This is a wiki on making this choice. https://www.bogleheads.org/wiki/Traditional_versus_Roth What would my 401k withdrawals be taxed at when I withdraw them? Under the current tax laws an over 65 couple can have almost $100K in taxable income and still be in the 15% federal tax bracket. Of course t...
by Watty
Sun Dec 10, 2017 2:31 pm
Forum: Investing - Theory, News & General
Topic: Would a Bitcoin Crash affect the general markets?
Replies: 25
Views: 1793

Re: Would a Bitcoin Crash affect the general markets?

My limited knowledge of bitcoin see it simply as a hyped-up and speculative currency with no ties to anything of real value. What (if anything) would a crash do to the general stock market? Some companies like Nvidia which sells lots graphics cards to bitcoin miners would likely drop a lot. Having ...
by Watty
Sun Dec 10, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get rid of lot of land?
Replies: 37
Views: 6300

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

One more thought. If mobile homes would be allowed on the property then you could contact a mobile home seller in the area to see if they would take it.
by Watty
Sun Dec 10, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 44
Views: 2977

Re: Can we afford to live on one income?

Spend a little time with a tax calculator such as the following to estimate what your real taxes will be. https://www.taxact.com/tools/tax-calculator A better way is to do dummy tax returns useing tax software that will also show you your state taxes. My income: $127k ...... $2,292 Mortgage: I didn...
by Watty
Sun Dec 10, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 38
Views: 2133

Re: likely date for a bitcoin crash: does this make sense to you?

People brains are wired to see patterns where there is none.

This is why we see things in the shapes of clouds and inkblots.
by Watty
Sun Dec 10, 2017 2:19 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin IRA
Replies: 28
Views: 2267

Re: Bitcoin IRA

If you search the boards you will find a lot of threads about bitcoin. My takeaway(for what little that is worth) is that the main argument for buying it is that it might continue to go up so it is pure speculation. Unfortunately you are late to that party and when you start getting lots of email ab...
by Watty
Sat Dec 09, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 4312

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

5.0 Potential loan that is fully secured with land assets only are not feasible in the 2017 world of banking. Unless you have income, assets are meaningless. Part of the problem may be that a land loan is much different than loan on a house that can quickly sold. Land can be very difficult to value...
by Watty
Sat Dec 09, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Consumer Loan
Replies: 6
Views: 335

Re: Consumer Loan

Will they accept a discounted amount for cash? +1 Or you could buy them with a credit card and get at least a 2% rebate. You would of course pay off the credit card right away. I agree with the comment that $12K is a LOT to pay for appliances, especially if paying cash for it would make you concern...
by Watty
Sat Dec 09, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Time to move to a different company?
Replies: 2
Views: 345

Re: Time to move to a different company?

- My commute is quite bad. On a normal day it can take 75-90 minutes each way, on a good day about 45 minutes. ...... - Commute would be about 30-40 minutes at most, it's at the halfway point to my current location That commute by itself would be reason enough to change jobs. There is no telling wh...
by Watty
Sat Dec 09, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 4312

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

I suspect that you may not be getting the whole story since a lot of things don't add up and the banks may be easy to blame when he is talking to you. As others have said; The farm should be producing income. Farm equipment that has not been used in years will have little value so most of the value ...
by Watty
Sat Dec 09, 2017 12:35 am
Forum: Personal Finance (Not Investing)
Topic: How to lead a horse to (boglehead) water?
Replies: 10
Views: 766

Re: How to lead a horse to (boglehead) water?

At that age there are a lot of financial goal other than retirement so they could be doing better than it appears. For example; 1) Getting student loans paid off. 2) Buying a car and getting it paid off. 3) Staying out of credit card debt. 4) Saving up to buy a house. 5) Building up an emergency fun...
by Watty
Sat Dec 09, 2017 12:25 am
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 59
Views: 5807

Re: CPA: The best profession if you want to make the most money + keep the most money?

Be careful what you ask for, you might get it. It will vary a lot within the field but none of the doctors or CPA's that I have known had a very good work life balance. Doctors get hit especially hard in medical school and their training. Most of the CPA's I have known worked in a corporate environm...
by Watty
Fri Dec 08, 2017 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Suddenly have money! Now what?
Replies: 8
Views: 1889

Re: Suddenly have money! Now what?

ShouId I be piling up money like a grumpy dragon just in case? In addition to retirement there are other things that need to budget for like; 1) An emergency fund of at least six months expenses. 2) A fund for all the costs for the new baby and for while you are out on maternity leave. 3) A fund to...
by Watty
Fri Dec 08, 2017 8:53 pm
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 64
Views: 3534

Re: I am buying a car: Most/Least Reliable Makes?

Be sure to research the reliability the CVT transmission if you are looking at a car with one. Some models have had problems.
by Watty
Fri Dec 08, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: help me predict investment return of my kid's IRA
Replies: 17
Views: 781

Re: help me predict investment return of my kid's IRA

You can plug the numbers into Firecalc and see what the investment return would have been in the past.

https://www.firecalc.com/
by Watty
Fri Dec 08, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 57
Views: 6685

Re: Retire in my early 40s? Crazy or actually doable?

If you get a 401k match then one thing to check on is if it is fully vested or not. Retirement does not need to be a permanent choice. You could plan to take a year off and then decide if you want to fully retire or not. If you find that you need or want to go back to work the you can find something...
by Watty
Fri Dec 08, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: on keeping a tranche of active mgmt in Roth
Replies: 16
Views: 605

Re: on keeping a tranche of active mgmt in Roth

I have this urge to use my Roth space to hold a few actively-managed core equity funds, which would make my domestic equity allocation 15-20% active. What are your expectations if you do this? An active fund manager would be in the investing hall of fame if they could beat a comparable index fund b...
by Watty
Fri Dec 08, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: I don't know how it happened! [starting new business soon, how to avoid 1% AUM cost]
Replies: 14
Views: 1191

Re: I don't know how it happened! [retiring soon, how to avoid 1% AUM cost]

I would like to avoid paying a adviser 1% A huge problem that the 1% fee is often only the tip of the iceberg since they will often put you into high cost investments with high fees because they get paid an additional commission to do that. There have been academic studies that show that for someon...
by Watty
Fri Dec 08, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 76
Views: 6221

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

Do you have any coding skills? I am a software developer in a LCOL area with 9 years experience and make well over 100k, and I don't consider myself exceptional. Even the average performers here usually earn 90k+ after a few years of experience. If you can take a few classes to pick up some develop...
by Watty
Fri Dec 08, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 76
Views: 6221

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

With your background I would add another vote to get into cyber security. There is so much demand for that now that once you can get your foot in the door you can learn a lot on the job. In many other areas of IT there may be a checklist of skills that an employer will want you have to ALL of to eve...
by Watty
Fri Dec 08, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: router - can I set it up myself?
Replies: 15
Views: 1059

Re: router - can I set it up myself?

When I replaced my router a few years back (my first time) it was pretty much plug and play. Of course I had to read the instructions to set my passwords and such but the instructions were very easy to follow. As for brand, I just went onto Amazon and read the reviews for awhile to get a sense of q...
by Watty
Fri Dec 08, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7159

Re: At what age your investments start making more money than you?

On the flip side also consider the years when your investments went down by more than your gross income. For example in 2008 the Vanguard 2015 fund was down by more than 24%. I didn't look it up but that year I that my investments probably dropped by several times my gross income. :twisted: For icin...
by Watty
Fri Dec 08, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: Extended warranty on 2018 Outback
Replies: 47
Views: 1521

Re: Extended warranty on 2018 Outback

One more thought. You can buy the factory warranty at any time before the full warranty expires so you do not need to decide now. If you don't buy one now you will likely get offers in the mail every few months to buy one and when the car is about three years old you may get them weekly, at least th...
by Watty
Fri Dec 08, 2017 10:10 am
Forum: Personal Consumer Issues
Topic: Extended warranty on 2018 Outback
Replies: 47
Views: 1521

Re: Extended warranty on 2018 Outback

I can buy a Subaru backed, 7 year, 100,000 mile warranty with $100 deductible for $1375 - this warranty basically extends the factory warranty for 4 extra years and 64,000 miles (with a $100 deductible per event). It likely already comes with a 5 year 60k powertrain warranty so many of the big repa...
by Watty
Fri Dec 08, 2017 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Got a little carried away, now stuck...
Replies: 12
Views: 2744

Re: Got a little carried away, now stuck...

Yes, I use Brokerage Link, so I am not limited to the funds my work has selected. I don't use target funds because I save more than most my age and would prefer to carry more risk for now. Few active mutual fund managers can beat a portfolio of a few simple index funds over the long term, and if th...
by Watty
Fri Dec 08, 2017 12:17 am
Forum: Investing - Help with Personal Investments
Topic: Non-retirement savings newbie help
Replies: 4
Views: 499

Re: Non-retirement savings newbie help

mhalley wrote:
Thu Dec 07, 2017 10:08 pm
Money needed within 5 years should be saved, not invested. CDs or high yield savings.
+1

Even longer term bond funds can go down a lot if interest rates rise.
by Watty
Fri Dec 08, 2017 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Got a little carried away, now stuck...
Replies: 12
Views: 2744

Re: Got a little carried away, now stuck...

Do you have a target date fund with a reasonable expense ratio? If so then why not use that?
by Watty
Fri Dec 08, 2017 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Company is being Acquired Please Help with 401k Advice
Replies: 8
Views: 489

Re: Company is being Acquired Please Help with 401k Advice

TG2 wrote:
Fri Dec 08, 2017 12:07 am
If the new company ONLY offers a Roth 401k...
That is almost certainly not the case since even when there is a Roth 401k any employer match still goes into a traditional 401k since that money has never been taxed.
by Watty
Fri Dec 08, 2017 12:04 am
Forum: Personal Consumer Issues
Topic: 4WD necessary/recommended on Big Island, HI
Replies: 34
Views: 1966

Re: 4WD necessary/recommended on Big Island, HI

Be sure to read the rental agreement. They usually specify that you cannot take the vehicle off of paved roads. If you cannot take the rental off road then there is little need for 4WD. Among other problems if you take then off a paved road and are in an accident then your insurance may not cover yo...
by Watty
Thu Dec 07, 2017 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: Company is being Acquired Please Help with 401k Advice
Replies: 8
Views: 489

Re: Company is being Acquired Please Help with 401k Advice

I have no idea what funds they use at this point. It sounds like you have not gotten the official word of what the 401k will be like after the merger. If that is the case then I would try to not worry about that too much until you get the official details of what it will be like. Most likely the HR...
by Watty
Thu Dec 07, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: SSN on job applications
Replies: 33
Views: 1704

Re: SSN on job applications

One more thought, if pressed about this you can try to put a positive spin on not giving it on the application but saying something like you take your personal information security very seriously and if employed you would also take the company's information security seriously too. The bottom line th...
by Watty
Thu Dec 07, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: SSN on job applications
Replies: 33
Views: 1704

Re: SSN on job applications

DiggleRex wrote:
Thu Dec 07, 2017 10:20 am
to write something like “SSN available upon job offer.”
"On request" would be a better way to phrase that. I always put "references on request" when some form asked for references in the initial contact.
by Watty
Thu Dec 07, 2017 11:56 am
Forum: Investing - Theory, News & General
Topic: When Bitcoin blows-up
Replies: 55
Views: 4113

Re: When Bitcoin blows-up

When Bitcoin finally blows-up, what investments should I be in to avoid the fall out? The Nvidia graphics cards are used a lot by bitcoin miners. I was at a large local computer store last week and they had a sign that said that there was a limit of three graphics cards per customer because of a na...
by Watty
Thu Dec 07, 2017 9:22 am
Forum: Personal Consumer Issues
Topic: Work from Home Jobs
Replies: 21
Views: 2762

Re: Work from Home Jobs

We went through driving lessons etc, could not believe that we spent close to 1.5k in lessons at various times of the year in past 10 years and still she could not overcome the fear of driving. No she does not have vision or any other health issues For close to a decade we have been moving apartmen...
by Watty
Thu Dec 07, 2017 1:24 am
Forum: Personal Consumer Issues
Topic: Recommended places to live
Replies: 54
Views: 5133

Re: Recommended places to live

Thesaints wrote:
Thu Dec 07, 2017 1:13 am
It is an excellent mirror of the forum that the OP requested a place near the ocean, with green hills, due to allergy and many advised anywhere from Southern Arizona to Tennessee.
Sort of a total market index fund of locations to live, a little bit of everywhere.
by Watty
Thu Dec 07, 2017 1:00 am
Forum: Personal Finance (Not Investing)
Topic: House on the market less than a day. Did listing agent commit fraud?
Replies: 55
Views: 6499

Re: House on the market less than a day. Did listing agent commit fraud?

One thing that has not been mentioned is that often(always?) the other real estate agents at the real estate company that is going to be listing the property will know about it long before the the property is formally listed. If you are in a hot market you might want to use an agent with the largest...
by Watty
Wed Dec 06, 2017 9:56 pm
Forum: Personal Consumer Issues
Topic: Recommended places to live
Replies: 54
Views: 5133

Re: Recommended places to live

I don't know how big a problem it would be but if you are looking at moving to Arizona it would be good to research if Valley Fever might be a problem for you. https://www.cdc.gov/features/valleyfever/index.html I don't know how they would would be for allergies but Bosie Idaho and Bend Oregon are t...
by Watty
Wed Dec 06, 2017 8:27 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 146
Views: 7908

Re: Do people still use AAA?

In Atlanta AAA has opened full service repair centers and you get a 10% discount if you are a member. They build new buildings with the normal AAA office in the front and maybe ten mechanics bays in the rear. They may not be lowest price but the big selling point is that they are supposed to be real...
by Watty
Wed Dec 06, 2017 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage Payoff Question in HCOL area
Replies: 12
Views: 1384

Re: Mortgage Payoff Question in HCOL area

Good point on % of net worth. If I paid off fully the house would be about half of total net worth. That is not too bad and if you have been in the house for a while part of the value of the home is likely price appreciation since you bought it. The paying it off can be a year by year decision too ...