Search found 10920 matches

by Watty
Wed Aug 23, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 8
Views: 301

Re: Sigh...I'm ready for criticism...how am I doing?

Kencufc wrote:
Wed Aug 23, 2017 9:15 pm
Do I need to just give this more time? Or is this unsustainable and we need to cut back ASAP? Thanks in advance!
I'm not sure that I understand what your question is. It sounds like the decision has been made to rent the house and once you do that you will be doing fine.
by Watty
Wed Aug 23, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Plan My Retirement
Replies: 9
Views: 732

Re: Help Me Plan My Retirement

Is a Roth IRA better than just an IRA? I am so confuse on this. Part of the confusion is that the right answer is unknowable since it depends on knowing your financial situation, tax law changes, and investment returns up to 60 years from now when you are in your 90's. One thing to keep in mind is ...
by Watty
Wed Aug 23, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Buying property in France
Replies: 3
Views: 336

Re: Buying property in France

Just FYI, I have seen several posts about how the French have VERY difference inheritance laws that may even supersede a French will much less a US will.

It would be good to put detailed French estate planning on your "to do" list when you are looking into this.
by Watty
Wed Aug 23, 2017 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement anxiety- emotionally and financially
Replies: 11
Views: 691

Re: Retirement anxiety- emotionally and financially

It depresses the heck out of me. We don't carry debt and have a house almost paid off ($75k left) We anticipate our annual expenses to be $100k and eat out a ton. I want to pull the trigger now on retirement but don't know financially if it is realistic and emotionally feel my career is a disappoin...
by Watty
Wed Aug 23, 2017 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement is Coming - Do my 3-Fund portfolios make any sense?
Replies: 7
Views: 511

Re: Retirement is Coming - Do my 3-Fund portfolios make any sense?

Questions: 1. Does having the same 3-Fund (FSTVX) (FTIPX) (FSITX) in every account at the same percentages make Boglehead sense? If so, as I balance the funds to the desired (60/40) AA should that be accomplished by sell/buy or rather by additional contributions over time? One factor to consider is...
by Watty
Wed Aug 23, 2017 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: How to Calculate Employer's Match Towards Total Goal
Replies: 12
Views: 625

Re: How to Calculate Employer's Match Towards Total Goal

One thing to keep in mind is that many companies have a vesting schedule for a 401k so if you left that job tomorrow you might not get to keep the entire match. One thing that I did when I was younger was that I committed to myself to increase my 401k contributions bu half of any future raises I got...
by Watty
Wed Aug 23, 2017 3:50 pm
Forum: Personal Consumer Issues
Topic: Experience finding gas pump card skimmer?
Replies: 29
Views: 1594

Re: Experience finding gas pump card skimmer?

Other than gas pumps I think it has been around six months since I made a credit card purchase that was not using the chip.

I have never seen a gas pump uses the credit card chip. I wonder why they are so far behind on that.
by Watty
Wed Aug 23, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Advice for buying (or not buying) a house?
Replies: 2
Views: 264

Re: Advice for buying (or not buying) a house?

I'm leaning towards waiting it out until at least February or March 2018 to see how the transition to the new ownership works out before I do anything. Then, if things are still good at work, either buy a modest house or duplex. Waiting sounds very reasonable. Even if your job does not go away in t...
by Watty
Tue Aug 22, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we consider cash flow from rentals but not our own homes?
Replies: 44
Views: 2291

Re: Why do we consider cash flow from rentals but not our own homes?

Am I missing something? No you are absolutely correct. Your home is part of your portfolio as a non-diversified real estate holding paying a return to you of the rent equivalent minus upkeep expenses & taxes, ... Your mortgage is a short bond position and is also part of your portfolio. +1. Note th...
by Watty
Tue Aug 22, 2017 11:24 pm
Forum: Personal Consumer Issues
Topic: Air Canada: Can I get refund for NONREF tickets?
Replies: 10
Views: 845

Re: Air Canada: Can I get refund for NONREF tickets?

3. If I can't get a refund, is it better to cancel or not to show for the flights? Unless you can get a decent credit then don't cancel them too soon. There is a chance that a flight will be canceled at the last minute by the airline. Make a note to check on the day that the flight would have been ...
by Watty
Tue Aug 22, 2017 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: I did it and feel great about it (paid off mortgage)
Replies: 31
Views: 3005

Re: I did it and feel great about it (paid off mortgage)

Congradualtions! When I paid mine off a few things that I found that might need to be done were; 1) Adjust payroll withholding if you had been deducting your interest. 2) If you had an escrow account then make sure that your insurance and property taxes get paid even if you do not get a statement. 3...
by Watty
Tue Aug 22, 2017 10:54 pm
Forum: Personal Consumer Issues
Topic: Eclipse Traffic: predictions vs reality?
Replies: 45
Views: 2520

Re: Eclipse Traffic: predictions vs reality?

I live in Atlanta and we were staying in Murfreesboro Tennessee about a half hour southeast of Nashville to avoid the crowds of the larger city in case we needed to move some at the last minute. I had reservations for Sunday and Monday nights but at the last minute I also got a reservation for Satur...
by Watty
Tue Aug 22, 2017 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Overextended in Bay Area housing?
Replies: 37
Views: 3341

Re: Overextended in Bay Area housing?

to raise our newborn son. Congratulations on the addition to your family. :beer You are likely going through a lot of changes and stress especially since this sounds like your first kid. You may also be running pretty short of sleep too and may be at the stage when six hours is considered to be a f...
by Watty
Fri Aug 18, 2017 10:07 pm
Forum: Personal Consumer Issues
Topic: Media storage solutions
Replies: 16
Views: 802

Re: Media storage solutions

I have about 10 terabytes of digital media (movies, TV, music) that I am looking for storage options for. I would think that a high percentage of that never changes. I would separate the static stuff on a separate drive then back it up once on an external USB drive that you could keep in a differen...
by Watty
Fri Aug 18, 2017 9:39 pm
Forum: Personal Consumer Issues
Topic: Where to View Total Eclipse? - Kansas City / Nashville et al
Replies: 98
Views: 6201

Re: Where to View Total Eclipse? - Kansas City / Nashville et al

One thing to keep in mind if there are light clouds where you are at is that the shadow of the eclipse can cause cooling of 5 to 15 degrees and in some situations this can cause some types of clouds to clear. And maybe hope for a little luck: As the moon begins to partially cover the sun, a phenomen...
by Watty
Fri Aug 18, 2017 9:18 pm
Forum: Personal Consumer Issues
Topic: Hotel availability for eclipse
Replies: 8
Views: 846

Re: Hotel availability for eclipse

If anyone is still looking for a hotel room in the totality zone, some rooms are becoming available at places that were completely booked up months ago. Much to my surprise, this morning I was able to reserve a room at a fairly nice hotel for the night before the eclipse due to some last minute can...
by Watty
Fri Aug 18, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone roll their tIRA into the TSP?
Replies: 32
Views: 1468

Re: Anyone roll their tIRA into the TSP?

One thing to watch out for is that the TSP has different and in some situations much less favorable inheritance rules than an IRA. For example if a spouse inherits a TSP and then the spouse leaves it to a kid, the kid cannot roll the money into an inherited IRA and has to withdraw all the money whic...
by Watty
Fri Aug 18, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Debt collector called, should we call them back?
Replies: 15
Views: 1956

Re: Debt collector called, should we call them back?

I have done both, but when you do they will try to get you to give them information like your Social Security. Give them no information since you do not know what they will do with it. Not giving them any information is normal so they are used to it. They will then ask you something like does your S...
by Watty
Thu Aug 17, 2017 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: Should I roll over my old 401k?
Replies: 9
Views: 693

Re: Should I roll over my old 401k?

If it is an old 401k from before when you were married and you roll it into an IRA you could be mixing it with post marital money and that could cause it to be split in a divorce but that depends on your state laws and a lot of other details. One thing to be careful of is that the inheritance rules ...
by Watty
Thu Aug 17, 2017 9:58 pm
Forum: Personal Consumer Issues
Topic: Want to give money to relative traveling int'l - options?
Replies: 19
Views: 1102

Re: Want to give money to relative traveling int'l - options?

WildBill wrote:
Thu Aug 17, 2017 9:28 pm
Howdy

American Express Traveler's checks. Good everywhere.

Free replacement if lost or stolen.

Happy traveling

W B
I have not used a traveler's check for at least 25 years but the last I heard they are VERY difficult to cash because they are widely counterfeited.
by Watty
Thu Aug 17, 2017 9:21 pm
Forum: Personal Consumer Issues
Topic: Want to give money to relative traveling int'l - options?
Replies: 19
Views: 1102

Re: Want to give money to relative traveling int'l - options?

just write them a check or make a transfer into their account, but I'd prefer not to do that since I would prefer that it be a bit of a surprise. Just go ahead and do this, they will be just be surprised a bit earlier. One advantage of giving it to them earlier is that they may be able to afford to...
by Watty
Thu Aug 17, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: New job, life changes
Replies: 25
Views: 1676

Re: New job, life changes

Do I max out of my 401k? Yes, you will never miss the money since you are not used to it. What do we do the the increase of income? A couple of things; 1) Build up an emergency fund. 2) Start saving up a bit from each paycheck into a separate car fund to pay cash for your next car. 3) Start saving ...
by Watty
Thu Aug 17, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with $70,000?
Replies: 2
Views: 604

Re: What to do with $70,000?

I considered paying off car but I believe I can make more than 1.75% in the stock market with index funds. Over ten or more years that sounds reasonable but the problem is that that you will have a sequence of returns risk and your investments could go down 20% next year. I would pay it off then sa...
by Watty
Thu Aug 17, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should we pay off the house before the baby arrives?
Replies: 11
Views: 899

Re: Should we pay off the house before the baby arrives?

I big piece of information that is missing is how much money you will have in your taxable accounts after you pay off the mortgage. If it would not be a lot then you could be "house poor" after paying it off. If you would have a couple of hundred thousand dollars in your taxable account after paying...
by Watty
Thu Aug 17, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for 82 yr old widow in TN
Replies: 20
Views: 1360

Re: Asset Allocation for 82 yr old widow in TN

One thing that you should do is to make sure that there is a contingency plan to manage her finances if something happens to you. Some companies are apparently picky about letting you use a power of attorney and in some cases it sounds easier to have that set up using their forms. It would be good t...
by Watty
Thu Aug 17, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: popcorn ceiling, removal or drywall over it?
Replies: 41
Views: 2599

Re: popcorn ceiling, removal or drywall over it?

I looked what to do a house once but I never did it. As I recall there is a special very thin drywall that you can put on the ceiling so that is does not add much thickness. One issue is that all the electric junction boxes for the light fixtures will either need to repositioned or have some sort of...
by Watty
Thu Aug 17, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 10773

Re: Is it worth it?

Is it worth it? It really depends on the details. Sometimes you "do what you gotta do" to make ends meet and we don't know if you are a blue collar couple working hard to live in an expensive area or a couple of highly paid people that are just saving a lot and driving BMW's. When looking at choice...
by Watty
Thu Aug 17, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Help with mortgage rates-closing soon!
Replies: 11
Views: 899

Re: Help with mortgage rates-closing soon!

Which is a reliable source for current rate for renegotiation purpose? I had a loan like that and I think it was called a "float down option". With that the rates the other lenders are offering really don't matter and there is no negotiating now. You basically call your lender and ask what their ra...
by Watty
Wed Aug 16, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 138
Views: 9573

Re: Anyone planning on never retiring?

I got a college degree and then worked in the same field for about 35 years.

There were of course changes and new problems to solve but after 35 years it was not exactly exercising the brain a lot to do a new version of something I had done 30 years before.
by Watty
Wed Aug 16, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Novice needing help
Replies: 5
Views: 416

Re: Novice needing help

+1 on using a target date fund. They are actually a great choice in a retirement account in the right situation. People sometimes assume that they are some sort of dumbed down Investing for Dummies choice that needs to be improved on. The two main reasons not to use then are; 1) You do not have acce...
by Watty
Wed Aug 16, 2017 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Questions?? Need progress with AA
Replies: 16
Views: 1232

Re: Questions?? Need progress with AA

1. Where to put $88k emergency fund money?? There is a wiki that has some general guidelines. https://www.bogleheads.org/wiki/Emergency_fund There is not really good choice with interest rates being so low. ' 2. How do I weigh out the “taxable” dividend income received on emergency fund money in a ...
by Watty
Wed Aug 16, 2017 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: RMDs
Replies: 4
Views: 678

Re: RMDs

One other thing you can do when the RMD's start is to change the mutual funds to not automatically reinvest the dividends so that at least part of the RMD in cash when you are ready to make the withdrawal.
by Watty
Wed Aug 16, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Tax question about selling my house
Replies: 17
Views: 1331

Re: Tax question about selling my house

Just a wild guess but maybe they were thinking that your state taxes might handle the homeowners capital gains exclusion differently.

There will likely be some issues with the condo's taxes when you eventually sell because it was a rental for three years but that is a different question.
by Watty
Wed Aug 16, 2017 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Vehicle to Help Stay on Track
Replies: 2
Views: 225

Re: Investment Vehicle to Help Stay on Track

There is not anything that says that you have to have internet access to your accounts. I would assume that you could call your company's 800 number and ask them to permanently disable your internet account. That would mean that any transactions would need to be done by phone mail. It wasn't all tha...
by Watty
Wed Aug 16, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 5
Views: 765

Re: How am I doing?

- 80k in cash (in credit union earning .50% for 1/2 and 1.5% in CD for other 1/2 at Ally Bank) .... - owe on 2 cars (about 14k total) You should pay the cars off and then start saving your "car payment" to be able to pay cash for your next car. Even if they are at zero percent the income from the m...
by Watty
Wed Aug 16, 2017 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Buy + hold to avoid being priced out in the Bay Area?
Replies: 20
Views: 1789

Re: Buy + hold to avoid being priced out in the Bay Area?

- around 400K HHI (excluding any investment gains/401K matches) = 20K take home a month net of taxes/401K/medical etc. ....... - $20M+ in startup equity in a Series C startup - not counting on this at all in our financial planning There zero percent chance that you will be priced out of the Bay Are...
by Watty
Wed Aug 16, 2017 9:03 am
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 78
Views: 8149

Re: Study: The Rate of Return on Everything, 1870-2015

What’s unique about this new paper is that the researchers have assembled total return data on housing (as an investment, including rental income and capital appreciation) for 16 advanced countries over a nearly 150-year period. I have not read the paper but one thing to remember is that in 1870 th...
by Watty
Wed Aug 16, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: bitcoin makes you rich
Replies: 22
Views: 2519

Re: bitcoin makes you rich

A few things you might read, https://en.wikipedia.org/wiki/Tulip_mania https://en.wikipedia.org/wiki/Greater_fool_theory I have no clue and confusing I fundamental rule of investing, and even gambling, is to never invest or gamble with something that you do not understand. There is a quote 'If you'v...
by Watty
Tue Aug 15, 2017 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Rent Out or Sell My Condo...
Replies: 21
Views: 1937

Re: Rent Out or Sell My Condo...

Nobody really discussed much about depreciation and deducting expenses. Won't that make renting more attractive? Those would be an "it depends" factor which is why you need to have a good business plan and professional tax advice. Be sure to ask your account about what happens to the depreciation i...
by Watty
Tue Aug 15, 2017 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Taking over from financial advisor - help getting off the ground
Replies: 13
Views: 1287

Re: Taking over from financial advisor - help getting off the ground

I noticed your EPdoc user name. If you are a doctor you should check out the White Coat Investor web site that is run by a doctor that is a regular poster here.

https://www.whitecoatinvestor.com/
by Watty
Tue Aug 15, 2017 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: € 20,000-portfolio-idea - reasonable or not?
Replies: 6
Views: 603

Re: € 20,000-portfolio-idea - reasonable or not?

What, in your opinion, would be the downside of this portfolio, or, which one could be more adequate for my investment goal of relatively high return & relatively low risk? Lack of diversification. Even if you are right about the small cap value stocks then you would not get much benefit out of per...
by Watty
Tue Aug 15, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 5309

Re: Plan for making child pay for part of college

Part of why there are so many different stories is that in addition to parents situations being very different every kid is different. Every college is different too. The posts of stories where students were able to great under pressure are fantastic but when you get into it the nitty gritty of gett...
by Watty
Tue Aug 15, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Family Tree Template?
Replies: 9
Views: 799

Re: Family Tree Template?

I am researching my family tree too and I would highly recommend the RootsMagic software for you since you can download a free version that will likely have all the functionality that you would need for a simple family tree like that. It is a not trial version that is limited to a certain number of ...
by Watty
Tue Aug 15, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 78
Views: 6330

Re: please help...am I overextended - first home

What are you presently paying for housing? If you are renting and your rent is close to the mortgage amount that shows you can manage that monthly payment but you do need to get rid of the 401K loan. If the 401K loan isn't for the down payment you should get rid of it before you buy, I'd consider r...
by Watty
Tue Aug 15, 2017 1:44 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 123
Views: 6560

Re: Is $9000 too much for a sectional sofa ?

nd part of that is replacing our old nasty crappy furniture in a few rooms...... 2. Is it prudent to spend $9k on something that our teenage kids could wreck in a second, spill chocolate milk, red koolaid, etc. The reason that your old furniture looks so bad may have been as much due to the hard us...
by Watty
Tue Aug 15, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: 27y/o w/ 150k debt buying 685k house
Replies: 41
Views: 4247

Re: 27y/o w/ 150k debt buying 685k house

2012heel wrote:
Tue Aug 15, 2017 1:03 pm
told me today he is closing on $685k house in two week
It is really too late to say anything and if you did it would just add stress to his life and make things worse. If was also not clear if he was asking for your advice.

Just congratulate him and ask him if he needs any help in moving.
by Watty
Tue Aug 15, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Career Decision - HCOL area vs. LCOL area
Replies: 13
Views: 1442

Re: Career Decision - HCOL area vs. LCOL area

I'm still what I would consider the early part of my career (age 34 / Single). I did forget to mention that because of the locality pay adjustments, the move to the LCOL area would reduce my total pay by about 7% It would be good to do dummy tax returns to see what the after tax impact will be, esp...
by Watty
Tue Aug 15, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 5309

Re: Plan for making child pay for part of college

This may be getting off topic, the original poster said that he or she was willing to to pay 100% of a non-flagship state University and then possibly some more in addition to that. That is fantastic and a lot more than most students get. When we were going through this one of the most important thi...
by Watty
Mon Aug 14, 2017 11:42 pm
Forum: Personal Consumer Issues
Topic: Best Housing To Avoid Noise
Replies: 57
Views: 4547

Re: Best Housing To Avoid Noise

When you are looking at buying a house one thing to do is to go back to the neighborhood and walk around at different times of the day to hear how noisy it is. You would also want to talk to people that are out working in the yard or walking their dogs to get their impression of the neighborhood. Yo...