Search found 8614 matches

by Watty
Mon Aug 29, 2016 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Buying house near church
Replies: 44
Views: 2346

Re: Buying house near church

When I have looked at houses one thing that I try to do it do to back in the evening and walk around the neighborhood and talk to people that are out walking their dogs or working in their yards. They are usually very open about what the neighborhood is like.
by Watty
Mon Aug 29, 2016 4:11 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Scam? Help me understand...
Replies: 20
Views: 1171

Re: Life Insurance Scam? Help me understand...

According to this simple life expectancy calculator a random 55 year old man has a 38% chance of living more than 30 years. At 50 it is a 58% chance of living 30+ years. The odds for someone that is healthy enough to get through the medical underwriting process and get a new insurance policy would b...
by Watty
Mon Aug 29, 2016 3:52 am
Forum: Personal Finance (Not Investing)
Topic: can one accurately time the purchase of one's home?
Replies: 9
Views: 759

Re: can one accurately time the purchase of one's home?

In a lot of ways the housing market is even harder to time because it is not just an investment. For example people will not rush out and sell their primary residence just because the market factors look unfavorable. Likewise people will buy into arguable housing bubbles like in the Bay Area even wh...
by Watty
Mon Aug 29, 2016 3:23 am
Forum: Personal Finance (Not Investing)
Topic: Transferring parent's home loan/title
Replies: 17
Views: 1186

Re: Transferring parent's home loan/title

Taking over the property could also have this effect; 1) You or your brother might have difficulty getting a new mortgage if you ever wanted to move or refinance since the loan would be in your name. With no rental income you would basically need to qualify for two mortgages at once. 2) If you or yo...
by Watty
Sun Aug 28, 2016 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 401K of deceased Dad?
Replies: 10
Views: 1458

Re: What to do with 401K of deceased Dad?

She does not need the money right away - we're content to 'let it ride' for now. I believe this was a straight 401K, and not a Roth IRA. One reason to get this set up sooner rather than later is that she needs to get the account set up with her name on it so that she can name the beneficiaries that...
by Watty
Sun Aug 28, 2016 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on current investing plan
Replies: 12
Views: 700

Re: Thoughts on current investing plan

Savings/CDs: $66,000 You have a lot of other goals than just for retirment, from that $66K I would desginate funds for these types of goals; 1) Emergency fund, six months expenses. 2) Money to pay cash for your next car. 3) A house downpayment fund. Even if you don't buy one until you are in your 3...
by Watty
Sun Aug 28, 2016 12:48 pm
Forum: Investing - Theory, News & General
Topic: Leverage Success Stories
Replies: 23
Views: 1486

Re: Leverage Success Stories

One of the reasons you don't see much mention of using moderate leverage is that is not really necessary unless you want to be overly aggressive. For example if you have $100K and your desired asset allocation is 20% bonds and 80% stocks you might decide to use 10% leverage and buy another $8K in st...
by Watty
Sun Aug 28, 2016 12:25 pm
Forum: Investing - Theory, News & General
Topic: Retirees Saying No To The Market
Replies: 48
Views: 4351

Re: Retirees Saying No To The Market

Sort of like the has beens and never weres pining over a past that never was. There were problems with the traditional pensions too that people forget about. For one, you had a 10 year vesting period. Second, the promised payouts from pensions really got more attractive the last few years before re...
by Watty
Sun Aug 28, 2016 11:30 am
Forum: Investing - Help with Personal Investments
Topic: 39 Year Old Couple - Need Advice
Replies: 14
Views: 2728

Re: 39 Year Old Couple - Need Advice

I have a really dumb question about spending from the taxable account as I've actually never withdrawn from that taxable account. I understand the advantage of maxing out the wife's 401k, but I don't know what to expect when we start withdrawing from the taxable account. Let's say I have the $325K ...
by Watty
Sat Aug 27, 2016 8:27 pm
Forum: Investing - Theory, News & General
Topic: "Roll Your Own" Longevity Insurance (i.e. Deferred Annuity)?
Replies: 35
Views: 1643

Re: "Roll Your Own" Longevity Insurance (i.e. Deferred Annuity)?

The short version is that if you think of a deferred annuity as fire insurance to protect against living beyond age 85, 90, 95 -- it could be effective risk pooling. A problem with this that if you are 65 and buy a deferred annuity that starts at 85 then you will still need to fund a 20 year retire...
by Watty
Sat Aug 27, 2016 7:52 pm
Forum: Investing - Theory, News & General
Topic: "Roll Your Own" Longevity Insurance (i.e. Deferred Annuity)?
Replies: 35
Views: 1643

Re: "Roll Your Own" Longevity Insurance (i.e. Deferred Annuity)?

Are inflation adjusted deferred annuities available? Is so any examples of what they might cost?
by Watty
Sat Aug 27, 2016 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: $50M+ - Need a sounding board/advice
Replies: 104
Views: 8320

Re: $50M+ - Need a sounding board/advice

Thanks for the feedback so far. What kind of "money managers" are you using? kjv I've got two large independent firms that I actually trust on a personal level and were the winners after talking to the usual suspects (Goldman, etc). Both were recommended from friends in similar situations...
by Watty
Sat Aug 27, 2016 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: Evanson 10x10
Replies: 14
Views: 1128

Re: Evanson 10x10

My first impression is that it looks very well diversified, but a nightmare to rebalance. Any opinions? US Large US Large Value US Micro or US Small US Small Value US REITS Intl. Large Intl. Large Value Intl. Small Intl. Small Value Emerging Small Emerging Value If I added that up right that is 50%...
by Watty
Sat Aug 27, 2016 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: Traditional vs. Roth IRA near retirement
Replies: 1
Views: 177

Re: Traditional vs. Roth IRA near retirement

There isn't enough information to give a good suggestions. If you post most of the information in the suggested format you will get better answers.

viewtopic.php?f=1&t=6212
by Watty
Sat Aug 27, 2016 8:41 am
Forum: Investing - Theory, News & General
Topic: When in doubt, convert to a Roth
Replies: 17
Views: 1597

Re: When in doubt, convert to a Roth

Just for clarification the article is about being able change your mind and undo the Roth conversion up until the time you file your taxes. It is not saying that converting to a Roth is a better choice if you are not sure. I can see where once in a blue moon this might make sense like if you might o...
by Watty
Fri Aug 26, 2016 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Fear and Trembling (Aug. 31st is my last day at work)
Replies: 58
Views: 5446

Re: Fear and Trembling (Aug. 31st is my last day at work)

My situation was much different but I retired last year and I have no regrets, other than not having been able to retire a few years earlier. Between having less stress, taking the time to cook and eat better, and getting in better shape I suspect that I have added many years to my life or at least ...
by Watty
Fri Aug 26, 2016 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: 39 Year Old Couple - Need Advice
Replies: 14
Views: 2728

Re: 39 Year Old Couple - Need Advice

I was ready to invest that same $325,000 ...... .... Contributions: Husband maxes out 401k / wife is part-time employee (20 hours per week), but contributes 20% per paycheck If that $325K is in a taxable account then your wife could max out her 401k too. That would be need to be done through payrol...
by Watty
Fri Aug 26, 2016 8:48 pm
Forum: Investing - Theory, News & General
Topic: Fidelity competing harder w/Vanguard
Replies: 48
Views: 4772

Re: Fidelity competing harder w/Vanguard

A few months ago they dropped the Spartan brand name for their index funds.

I always thought that Spartan was a funny anti-marketing way to discourage people from selecting them.
by Watty
Fri Aug 26, 2016 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Managing a windfall: DIY or hire an advisor?
Replies: 28
Views: 2558

Re: Managing a windfall: DIY or hire an advisor?

If you don't have strong ties to the Bay Area then this might be a good time to move to a more affordable area. In most of the country you can get a very nice house for a couple of hundred thousand dollars. With a paid off house and the remaining funds you would be pretty well set up for an early re...
by Watty
Fri Aug 26, 2016 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: $2.2M Windfall
Replies: 37
Views: 4409

Re: $2.2M Windfall

While you are gathering your thoughts as to what the proper allocation of money should be. Go ahead and pay off the mortgage :happy That was another question I had. I was thinking of refinancing to a 15 year fixed. If I pay it all off I lose the tax advantage. But I sure like the idea of not having...
by Watty
Fri Aug 26, 2016 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: $2.2M Windfall
Replies: 37
Views: 4409

Re: $2.2M Windfall

Sorry to hear about the situation. You have seen this wiki. https://www.bogleheads.org/wiki/Managing_a_windfall The big thing is to not be in a hurry to invest it so it would be a good idea to just put most of it into CD's or government bonds for six months or a year while you figure out what to do....
by Watty
Fri Aug 26, 2016 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbor Is Blaming Me For Their Electrical Problems
Replies: 19
Views: 2934

Re: Neighbor Is Blaming Me For Their Electrical Problems

I helped X hire a property manager and renovations are planned. This is the property managers concern so I would let them handle it. It is easy enough to for the property manager to get the roof inspected to see if there is a drainage problem on his roof. Likewise for a pest inspection. It would be...
by Watty
Fri Aug 26, 2016 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to get rid of sizable stock holding in 401K
Replies: 9
Views: 420

Re: Best way to get rid of sizable stock holding in 401K

Since there are not any tax issues then I would just sell it all immediately. In theory the stock is priced based on all the known information so any short term price changes would be impossible to predict. If you didn't already own it you would not buy it today with the hopes that it would go up in...
by Watty
Fri Aug 26, 2016 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: pocket listing
Replies: 13
Views: 631

Re: pocket listing

I was about to put up my house for sale met a few brokers and before i even put up the house one of the brokers brought a customer and made me an offer That broker is out of bounds, and I wouldn't accept the offer or work with him. Paul The broker could be acting as a buyers agent for the buyer. On...
by Watty
Fri Aug 26, 2016 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Should I invest ANYTHING right now?
Replies: 27
Views: 3041

Re: Should I invest ANYTHING right now?

I considered investing in a Roth IRA since I currently don't have a high income, but I'm wondering if that would even be a good idea since the interest on my loans is a guaranteed 6.8% and anything in a Roth IRA has potential to return less than that. In effect you would be paying an extra 6.8% &qu...
by Watty
Fri Aug 26, 2016 7:01 am
Forum: Personal Consumer Issues
Topic: Question about employee development
Replies: 28
Views: 1264

Re: Question about employee development

The kicker is that HR is requiring me (I'm still pushing back on this) to give him a fully acceptable performance rating now at mid-year and for the full year. Part of what you may be running into is that the people in HR are trying to cover up their bad screening process to make themselves look be...
by Watty
Fri Aug 26, 2016 6:43 am
Forum: Personal Consumer Issues
Topic: Selling Online (Shipping, Insurance, etc.)
Replies: 20
Views: 1389

Re: Selling Online (Shipping, Insurance, etc.)

This would be for sellling on eBay or other online venues. This could also include selling gold jewelry to Midwest Refineies. You could contact the refinery and ask them the best way to ship to them. Be very careful with trying to sell expensive things on ebay since the sellers have very little pro...
by Watty
Thu Aug 25, 2016 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: To reinvest or not to reinvest
Replies: 4
Views: 671

Re: To reinvest or not to reinvest

If you are considering an annuity you might be better off delaying SS until age 70. If you are getting $26k at 66 then you could be receiving something over $34k by delaying until 70. You would have a higher SS basis for inflation adjustments with the longer delay. +1 and that would give you a few ...
by Watty
Thu Aug 25, 2016 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: Contribute to 401k W/O Match or Taxable?
Replies: 10
Views: 581

Re: Contribute to 401k W/O Match or Taxable?

Depending on your income you may still be able to make deductible IRA contributions even though you have a retirement plan at work. https://www.irs.gov/retirement-plans/plan-participant-employee/2016-ira-contribution-and-deduction-limits-effect-of-modified-agi-on-deductible-contributions-if-you-are-...
by Watty
Thu Aug 25, 2016 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Transferring parent's home loan/title
Replies: 17
Views: 1186

Re: Transferring parent's home loan/title

Just FYI, there are some very specific guidelines that the IRS has that you would need to follow but in some situations you may be able to claim a parent as a dependent on your taxes and get some tax advantages. You might be able to structure your support so that you can claim her every other year i...
by Watty
Thu Aug 25, 2016 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Help with 401k Investment Choices
Replies: 3
Views: 170

Re: Newbie Help with 401k Investment Choices

+1 on Grt2bOutdoors post

Here is a link on how to set up a three fund portfolio.

https://www.bogleheads.org/wiki/Three-fund_portfolio

If you are not sure of what asset allocation to use you can look to see what asset allocation a target date fund uses and mimic that with your three fund portfolio.
by Watty
Thu Aug 25, 2016 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: If you knew, what would you do?
Replies: 9
Views: 1392

Re: If you knew, what would you do?

I'm still not sure what you are talking about and what you are trying to accomplish. It sounds like you now have a lot of bonds in your taxable accounts and a lot of stocks in your retirement account. The question seems to be that you want to swap that around. If you sell the bonds in your taxable a...
by Watty
Thu Aug 25, 2016 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off low-interest student loan?
Replies: 4
Views: 342

Re: Pay off low-interest student loan?

Maxing out all your retirement accounts first and having enough to not pay PMI on a mortgage would usually be a higher priority. You didn't mention if that is a fixed rate or variable and that makes a big difference. There is a wiki on this choice. https://www.bogleheads.org/wiki/Paying_down_loans_v...
by Watty
Thu Aug 25, 2016 12:57 pm
Forum: Personal Consumer Issues
Topic: Seeking advice on what to do about recent property survey/neighbor's driveway
Replies: 34
Views: 3045

Re: Seeking advice on what to do about recent property survey/neighbor's driveway

At a minimum I would want to examine minimum lot size, impervious surface requirements, covenant requirements, etc. before offering to give away my land. That is a very good point. To expand on that this could be a problem is there is some restriction on lot size for things like buildings, septic s...
by Watty
Thu Aug 25, 2016 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with pros/cons for buying a 1M investment property in LA
Replies: 44
Views: 2463

Re: Help me with pros/cons for buying a 1M investment property in LA

If you happen to like ungodly hot and and dry desert areas there are a lot nicer places to live in Arizona or New Mexico. Where in New Mexico? Just curious. I have only been through there so I am not real qualified to answer but I would take a hard look at Santa Fe. A lot depends on what you want t...
by Watty
Thu Aug 25, 2016 8:32 am
Forum: Personal Consumer Issues
Topic: Play account at Robinhood.....less than $100
Replies: 22
Views: 1269

Re: Play account at Robinhood.....less than $100

Doing something like what you are doing is pretty risky. The problem isn't that you will lose the $100 but that you might do well and think it was skill. If 100 people do what you have been doing then just by random chance a few will do very well over the short term just by luck. If they think that ...
by Watty
Thu Aug 25, 2016 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Help me with pros/cons for buying a 1M investment property in LA
Replies: 44
Views: 2463

Re: Help me with pros/cons for buying a 1M investment property in LA

Cost of living in Vegas is low, No it isn't, it is maybe average. http://www.infoplease.com/business/economy/cost-living-index-us-cities.html I would also be concerned about a 29 year old moving to Las Vegas because of the gambling, alcohol, and drugs. I know there is a lot more to the city than th...
by Watty
Wed Aug 24, 2016 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: If you knew, what would you do?
Replies: 9
Views: 1392

Re: If you knew, what would you do?

Also assume you know the stock market will correct at some point over the next year .... If I knew that for a fact then I would put all my investments into highly leveraged short options and make many time my net worth when the correction happens. More seriously though, if you are in the 15% tax br...
by Watty
Wed Aug 24, 2016 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with pros/cons for buying a 1M investment property in LA
Replies: 44
Views: 2463

Re: Help me with pros/cons for buying a 1M investment property in LA

I cannot think of anyway this would be better than buying a REIT. A huge disadvantage of buying the property would be that if your situation changes and you want to free up part of the money you would have a hard time getting any money out of the house. With a REIT you would just sell a few shares....
by Watty
Wed Aug 24, 2016 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with pros/cons for buying a 1M investment property in LA
Replies: 44
Views: 2463

Re: Help me with pros/cons for buying a 1M investment property in LA

I cannot think of anyway this would be better than buying a REIT.

A huge disadvantage of buying the property would be that if your situation changes and you want to free up part of the money you would have a hard time getting any money out of the house. With a REIT you would just sell a few shares.
by Watty
Wed Aug 24, 2016 2:25 pm
Forum: Personal Consumer Issues
Topic: Internet security: which is the lesser of 2 evils?
Replies: 39
Views: 2828

Re: Internet security: which is the lesser of 2 evils?

Two other suggestions;

1) See if you can do what you need to do by calling their 800 phone number.

2) It opens a whole other can of worms but consider using a smartphone app.
by Watty
Wed Aug 24, 2016 2:11 pm
Forum: Personal Consumer Issues
Topic: Seeking advice on what to do about recent property survey/neighbor's driveway
Replies: 34
Views: 3045

Re: Seeking advice on what to do about recent property survey/neighbor's driveway

I would start by talking to your neighbor and letting them know that the way it is now is fine with you but you are just concerned about it causing future problems . They may have had a survey done when they brought their property that came out differently so that would be a good thing to ask about....
by Watty
Wed Aug 24, 2016 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement: Where $200K Will Last 30 Years
Replies: 66
Views: 9543

Re: Retirement: Where $200K Will Last 30 Years

You would need to research each country but getting a retirement visa likely has income restrictions and you may need to transfer money into the country to qualify. You would also need to be concerned that the exchange rate might change. The dollar is relatively strong now but if it weakens then you...
by Watty
Wed Aug 24, 2016 12:36 pm
Forum: Personal Consumer Issues
Topic: Aug. 2017 US total eclipse hotel reservations.
Replies: 39
Views: 3126

Re: Aug. 2017 US total eclipse hotel reservations.

This might be a dumb question, but, how do you book a hotel that far in advance? Online bookings don't go out that far. I called a couple of 800 numbers, and was told the same thing. I used Expedia yesterday and they had a lot of availability around Nashville, but many of them were very expensive. ...
by Watty
Wed Aug 24, 2016 8:23 am
Forum: Personal Consumer Issues
Topic: Car leases: not that expensive, after all, if you can't do maintenance yourself?
Replies: 20
Views: 1452

Re: Car leases: not that expensive, after all, if you can't do maintenance yourself?

I don't do much work on my cars so what I do is buy new base model cars that have good reliability ratings like most Hondas and Toyotas. I them keep them for about 10 years and then sell them and buy a new replacement car. Since they are so reliable I usually have very little non-routine maintenance...
by Watty
Wed Aug 24, 2016 7:11 am
Forum: Personal Consumer Issues
Topic: Aug. 2017 US total eclipse hotel reservations.
Replies: 39
Views: 3126

Re: Aug. 2017 US total eclipse hotel reservations.

There will be another total eclipse of the Sun on April 8, 2024 that will cross the continental United States, in a path from Maine to Texas. Both the 2017 and 2024 eclipse will cross at Carbondale, Illinois, so there may be a real estate investment opportunity . Here is an interesting map that sho...
by Watty
Tue Aug 23, 2016 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Beginner Help Investing for Retirement
Replies: 20
Views: 1156

Re: Beginner Help Investing for Retirement

3. I met with a fiduciary advisor that recommended I move the Traditional IRA to a front loaded (4.5% load), low fee (0.5%) variable annuity since it will be a small piece of my retirement puzzle and won’t be added to at all going forward. I am skeptical of the annuities based on everything I’ve re...
by Watty
Tue Aug 23, 2016 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D -Cancer and Catastrophic 5% coin./ copay
Replies: 6
Views: 925

Re: Medicare Part D -Cancer and Catastrophic 5% coin./ copay

Would the drug coverage under a Medicare Advantage be different?

Also be sure to double check the formalary to make sure that the drug is covered on the part D plan you are looking at since different companies use different formularies.
by Watty
Tue Aug 23, 2016 7:12 pm
Forum: Personal Consumer Issues
Topic: Honeymoon - Alaska or Greece
Replies: 22
Views: 1555

Re: Honeymoon - Alaska or Greece

...and rent scooters for $20 and zoom all around the islands. When I was researching my trip several guide books highly recommended not renting the scooters, especially if you were not used to driving a motor cycle. There are LOTS of injuries and deaths each year on the scooters and you are a long ...
by Watty
Tue Aug 23, 2016 6:31 pm
Forum: Personal Consumer Issues
Topic: Aug. 2017 US total eclipse hotel reservations.
Replies: 39
Views: 3126

Aug. 2017 US total eclipse hotel reservations.

If you are interested it looks like there will be one of the best US total eclipses of the sun ever next year on Monday August 21, 2017. It will go all the way across the US from South Carolina to Oregon. http://eclipse.gsfc.nasa.gov/SEgoogle/SEgoogle2001/SE2017Aug21Tgoogle.html I am just a few hour...

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