Search found 4129 matches

by delamer
Thu Apr 19, 2018 8:57 pm
Forum: Personal Consumer Issues
Topic: Negotiating for a new Toyota.[my fault comparing apples and oranges]
Replies: 20
Views: 976

Re: Negotiating for a new Toyota.

livesoft wrote:
Thu Apr 19, 2018 6:40 pm
Don't buy from this dealer.

They know you have bought from them twice before. They know what kind of deal they gave you. They are probably basing their prices on the past deals they gave you.

When the most recent purchase was 12 years ago?

That seems unlikely to me.
by delamer
Thu Apr 19, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Good Dad, Bad Dad [pay for son's driving expenses (or not)]
Replies: 41
Views: 2393

Re: Good Dad, Bad Dad

Since you asked, I’d say you are being somewhat miserly. He has 1 year of credits under his belt and is commuting to college while living at home. If one of my kids, both of whom lived on campus at public in-state schools, had taken the same path it would have saved us about $50,000 on their educati...
by delamer
Thu Apr 19, 2018 2:19 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3415

Re: How accurately can we measure INFLATION?

Yes, that is what I want to achieve i.e. get a sense of past rate of inflation using weights that are more applicable for me based on my current consumption. I will dig around the BLS website over the weekend to see what I can find. But you don't need BLS at all! You know what you buy and how much ...
by delamer
Thu Apr 19, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3415

Re: How accurately can we measure INFLATION?

In my mind the biggest thing left out of most inflation figures is the cost of healthcare . Healthcare costs seem to go up more than any of the inflation indexes. And the older you get, the more likely you are to need healthcare Healthcare is included in CPI. See for yourself. You may or may not li...
by delamer
Thu Apr 19, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Use Large Tax Refund for HELOC or 529?
Replies: 21
Views: 922

Re: Use Large Tax Refund for HELOC or 529?

Thanks - perhaps tracking by stores would be a good way to track our discretionary spending? I.e., this might show if we are going overboard on groceries, or lunches, clothing, parking downtown, or Uber trips. I'm not great with excel, but maybe one of these templates could work? I’d start with tra...
by delamer
Wed Apr 18, 2018 10:05 pm
Forum: Investing - Help with Personal Investments
Topic: Use Large Tax Refund for HELOC or 529?
Replies: 21
Views: 922

Re: Use Large Tax Refund for HELOC or 529?

So your husband makes about $250,000 and that is your sole family income? And you have a $900,000 mortgage? Consider that I am making the following statement based on only the information in your post and that I know that you did not come here for advice on this topic — but if those numbers are corr...
by delamer
Wed Apr 18, 2018 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: need advice on retired mom's ira account
Replies: 10
Views: 573

Re: need advice on retired mom's ira account

She has to begin taking distributions (RMDs) at age 70.5 on a traditional IRA. Any money moved to a Roth isn’t subject to RMDs. Suggest that you do a search on “inherited Roth IRA.” If you inherit one, you’ll have to take withdrawals but not pay taxes as long as the Roth is 5 years old. There does ...
by delamer
Wed Apr 18, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: need advice on retired mom's ira account
Replies: 10
Views: 573

Re: need advice on retired mom's ira account

She has to begin taking distributions (RMDs) at age 70.5 on a traditional IRA. Any money moved to a Roth isn’t subject to RMDs. Suggest that you do a search on “inherited Roth IRA.” If you inherit one, you’ll have to take withdrawals but not pay taxes as long as the Roth is 5 years old. There does n...
by delamer
Wed Apr 18, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: diversifying with multiple accounts
Replies: 6
Views: 252

Re: diversifying with multiple accounts

There is no need to diversify within each account.

Your asset allocation should be implemented across all retirement accounts, not within each individual account.
by delamer
Wed Apr 18, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for non-retirement funds in light of looming college bills
Replies: 8
Views: 498

Re: Strategy for non-retirement funds in light of looming college bills

As a general rule, you don’t want money that you will need to spend within 5 years to be invested in stocks. This is due to the volatility of the stock market. If you develop a plan to sell off the stock portion of the $350K over time, you should be able to minimize the impact on your AGI and EFC. R...
by delamer
Wed Apr 18, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: How do you know what price to negotiate when buying a used car?
Replies: 28
Views: 1475

Re: How do you know what price to negotiate when buying a used car?

Edmunds.com is a good source of information.

I use it plus kbb.com.
by delamer
Wed Apr 18, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 90
Views: 7706

Re: Quitting job - what to do if getting walked to the door

I did not read all of the responses, so apologies if this is repetitious. If your husband can only access his paystubs and benefit information through the employee Intranet, make sure he has copies of anything relevant before he turns in his resignation. For instance, if he has vacation pay that he’...
by delamer
Tue Apr 17, 2018 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Calculations
Replies: 3
Views: 836

Re: Retirement Calculations

In what way you do you think you would need to be emotionally detached to run the numbers? You can develop a range of scenarios with different inputs (rates of returns, retirement ages, etc.), which you would need to provide to a 3rd party anyway. Ultimately, you are one that will have to evaluate t...
by delamer
Tue Apr 17, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: 529 vs Amazon stock
Replies: 2
Views: 603

Re: 529 vs Amazon stock

Investing an entire lump sum in one stock is very risky.

It is impossible to know what the return will be over the next 11 years.

The 16K in a prepaid plan guatantees you an education at that price.

Investing in Amazon guarantees you nothing.
by delamer
Tue Apr 17, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Retire early. Do you think it is possible?
Replies: 33
Views: 2897

Re: Retire early. Do you think it is possible?

It will be hard to live on $2k a month with almost 1/2 in property tax. Utilities, maintenance, insurance, auto expenses, food, entertainment, medical/dental, kids activities, vacation will eat into the remaining $1,100 very quickly. It’s doable if your current portfolio doubles and you can save th...
by delamer
Tue Apr 17, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Retire early. Do you think it is possible?
Replies: 33
Views: 2897

Re: Retire early. Do you think it is possible?

Do you have an estimate of what your monthly expenses would be in retirement? It would be entirely dependent on what you need to withdraw for your expenses. I guess I would watch expenses and be thrifty with money. hard to say but I think we can manage $2000/month. Are you planning on down-sizing? ...
by delamer
Tue Apr 17, 2018 2:37 pm
Forum: Personal Consumer Issues
Topic: Las Vegas hotel
Replies: 44
Views: 2878

Re: Las Vegas hotel

The only place we’ve stayed is the Mandalay Bay (several years ago), which is on the strip but at the end.

Lovely rooms, but check in took a long time.

We enjoyed this: https://www.mandalaybay.com/en/entertai ... arium.html
by delamer
Mon Apr 16, 2018 8:56 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3415

Re: How accurately can we measure INFLATION?

In my mind the biggest thing left out of most inflation figures is the cost of healthcare . Healthcare costs seem to go up more than any of the inflation indexes. And the older you get, the more likely you are to need healthcare Healthcare is included in CPI. See for yourself. You may or may not li...
by delamer
Mon Apr 16, 2018 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Post-Divorce Investment Strategy
Replies: 32
Views: 2602

Re: Post-Divorce Investment Strategy

OK, so I obviously don't understand index funds. I'm seeing my IRA increase by 1500.00+ just today so I though I'd be able to pay the majority of my obligation via the interest accruing from investing my capital gain. If you got $1500 per day in appreciation for every day the stock market was open,...
by delamer
Mon Apr 16, 2018 8:18 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3415

Re: How accurately can we measure INFLATION?

In my mind the biggest thing left out of most inflation figures is the cost of healthcare . Healthcare costs seem to go up more than any of the inflation indexes. And the older you get, the more likely you are to need healthcare Healthcare is included in CPI. See for yourself. You may or may not li...
by delamer
Mon Apr 16, 2018 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Post-Divorce Investment Strategy
Replies: 32
Views: 2602

Re: Post-Divorce Investment Strategy

Dottie57 wrote:
Mon Apr 16, 2018 6:55 pm
I think the 12% returns came from 1970's. I think I read it from my dad's library n th early 80's. Unfortunately 12% is not likely now.
Even when it was true, it was total return not dividends.
by delamer
Mon Apr 16, 2018 6:48 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3415

Re: How accurately can we measure INFLATION?

That is exactly what the CPI measures — changes in prices. The CPI is not a “level.” It is an index that, by definition, measures the rate of change between two time periods. Do you recall Distance = Rate x Time problems? CPI-U Index is the Distance and Inflation is the Rate. An index is set to 100...
by delamer
Mon Apr 16, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Post-Divorce Investment Strategy
Replies: 32
Views: 2602

Re: Post-Divorce Investment Strategy

Long-term stock performance of 12% is high. But even if you made that, 2/3 would be price appreciation not dividends. So you can’t withdraw $2000/month from a $250,000 nest egg and have it last forever. Your dividends and interest only would probably be around $500/month, at a realistic payout of 2....
by delamer
Mon Apr 16, 2018 6:24 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3415

Re: How accurately can we measure INFLATION?

One way for sure that the CPI can be improved is by sampling more items and their prices. Larger samples mean smaller sampling errors, all other things being equal.

So if you want a better CPI, lobby your congressperson to increase its budget.
by delamer
Mon Apr 16, 2018 6:20 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3415

Re: How accurately can we measure INFLATION?

I think that measuring inflation is not so simple. You have prices and CPI-U which are levels. We want to know inflation which is a rate of change over time. It means taking differences, a.k.a derivatives, which are noisy. Sure you can sample prices and get the current prices. But prices are changi...
by delamer
Mon Apr 16, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: High Mileage Car Lease
Replies: 14
Views: 704

Re: High Mileage Car Lease

You can buy extra miles at the time of the lease. The actual cost will vary depending in what you are keasing. I think that is cheaper per mile than having to pay for going over the mileage allowance at the end of a lease. The trick, if course, is only paying for the extra miles that you’ll actually...
by delamer
Mon Apr 16, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: If home prices decline but mortgage rates keep rising
Replies: 25
Views: 2601

Re: If home prices decline but mortgage rates keep rising

one of the things that has bothered me about low rates is you can't really do anything with them except buy. If you have a higher rate and lower principal balance you can refi if rates go down. You can't refi your principal :) in the inverse situation. I remember in 2005,6,7 being a new grad years ...
by delamer
Mon Apr 16, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: What to do about withdrawal this year if market doesn't go up?
Replies: 32
Views: 2815

Re: What to do about withdrawal this year if market doesn't go up?

I'm new to making retirement withdrawals from my 401k. This year is looking like 2015, where the market only went up 1%. Unlike others on the board, I need to withdraw some from my 401k as my pension is only 6000 a year and I need 50k. I see three options, first withdrawal from principle, 2nd pull ...
by delamer
Mon Apr 16, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: If home prices decline but mortgage rates keep rising
Replies: 25
Views: 2601

Re: If home prices decline but mortgage rates keep rising

one of the things that has bothered me about low rates is you can't really do anything with them except buy. If you have a higher rate and lower principal balance you can refi if rates go down. You can't refi your principal :) in the inverse situation. I remember in 2005,6,7 being a new grad years ...
by delamer
Mon Apr 16, 2018 10:42 am
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3415

Re: How accurately can we measure INFLATION?

How do you (or would you) factor in such items as cable TV or Cell phones? Would we regard these as part of out personal inflation? Yes - they are a part of "normal" expenditures for most of us. However, they are the result (in my opinion) of financial choices we make to spend more money. CPI alrea...
by delamer
Mon Apr 16, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: Cruises: How to Value Onboard Credit
Replies: 29
Views: 1501

Re: Cruises: How to Value Onboard Credit

And on another cruise with Celebrity, we could use the credits for the daily gratuity plus other things. Celebrity is the "up-market" Royal Caribbean brand, so I would expect policies to be the similar. Taking a Princess cruise this fall - gratuities can't be paid with OBC. So it is a company-by-co...
by delamer
Sun Apr 15, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking retirement/investment advice
Replies: 6
Views: 737

Re: Seeking retirement/investment advice

With $3 million in liquid assets and just $30,000 in annual expenses, you could keep everything is a CD ladder and not have to worry about running out of money. Especially with your Social Security covering a huge portion of your expenses. And not to mention the net income from your rental. In fact,...
by delamer
Sun Apr 15, 2018 7:44 pm
Forum: Personal Consumer Issues
Topic: Cruises: How to Value Onboard Credit
Replies: 29
Views: 1501

Re: Cruises: How to Value Onboard Credit

motorcyclesarecool wrote:
Sun Apr 15, 2018 7:30 pm
David Jay wrote:
Sun Apr 15, 2018 7:09 pm
letsgobobby wrote:
Sun Apr 15, 2018 7:02 pm
Can they be applied to gratuities?
On RC, yes. We applied onboard credits to gratuities in January.
I’ve forgotten... are gratuities based on a percentage of the fare, or a fixed amount per person/cabin?

The daily gratuities are billed as fixed per person.
by delamer
Sun Apr 15, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Cruises: How to Value Onboard Credit
Replies: 29
Views: 1501

Re: Cruises: How to Value Onboard Credit

The type of onboard credits we had on our last cruise, with NCL, could not be used for the daily gratuity or in the casino. Anything else was fair game. We waited to book one of our excursions onboard so we could use the credits. According to the ship’s front desk, there was another type of credits ...
by delamer
Sun Apr 15, 2018 5:22 pm
Forum: Investing - Theory, News & General
Topic: How accurately can we measure INFLATION?
Replies: 89
Views: 3415

Re: How accurately can we measure INFLATION?

A big issue is how to measure changes in quality. Compare a car from the 1970s to one today. Today's car is more expensive. Part of that is from inflation. Part of that is that today's car are larger, safer, more fuel-efficient, have more features (like GPS), are more durable, etc. From year to yea...
by delamer
Sun Apr 15, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Help for small estate w/ debts: Gifting next of kin
Replies: 9
Views: 482

Re: Help for small estate w/ debts: Gifting next of kin

If his debts are greater than his assets, then he should contact a legitimate debt counseling service.

Try nfcc.org
by delamer
Sun Apr 15, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Reinvest Dividends
Replies: 6
Views: 556

Re: Reinvest Dividends

For the retirement accounts, what would you do as an alternative to reinvesting dividends?

You can’t take dividends out of the accounts without paying taxes and a penalty. So you have to either reinvest in the same funds or move the money to another fund in the account.
by delamer
Sun Apr 15, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: RMD/Taxable account holding place.
Replies: 3
Views: 357

Re: RMD/Taxable account holding place.

If you are looking for investment suggestions that are good for your particular tax situation, then we need to know more about your income and marginal federal and state tax rates.
by delamer
Sun Apr 15, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at the end of 2018 at age 59?
Replies: 31
Views: 5400

Re: Can I retire at the end of 2018 at age 59?

It isn’t clear how housing is figured into the $120K spending. If you are spending roughly $22K per year (adding a guess on utilities and maintenance to the $15K) to support the current home, is that part of the $120K? Or is the $120K assuming that you can rent at a lower cost? If so, how much have ...
by delamer
Sun Apr 15, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: What percentage of you 2017 income can you account for?
Replies: 49
Views: 3190

Re: What percentage of you 2017 income can you account for?

We don't track anything, really. We put away plenty of money before our paychecks even hit our account and then spend what's left. I could look back at credit card receipts, but there's really no reason to at this point until we need to increase our cash flow. So, zero percent i suppose. Neither do...
by delamer
Sat Apr 14, 2018 10:31 pm
Forum: Personal Consumer Issues
Topic: What percentage of you 2017 income can you account for?
Replies: 49
Views: 3190

Re: What percentage of you 2017 income can you account for?

I input and categorize everything in Quicken. I try to allocate everything to a category although I do have a miscellaneous bucket for a few items that don’t fit other categories. I also allocate expenses at a total level - i.e., anything from Wal-Mart or Target goes into the Household line, everyt...
by delamer
Sat Apr 14, 2018 7:10 pm
Forum: Personal Consumer Issues
Topic: What percentage of you 2017 income can you account for?
Replies: 49
Views: 3190

Re: What percentage of you 2017 income can you account for?

I input and categorize everything in Quicken. I try to allocate everything to a category although I do have a miscellaneous bucket for a few items that don’t fit other categories. I also allocate expenses at a total level - i.e., anything from Wal-Mart or Target goes into the Household line, everyt...
by delamer
Sat Apr 14, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Loan - Effect on Getting Mortgage in 8-18 Months?
Replies: 4
Views: 392

Re: Auto Loan - Effect on Getting Mortgage in 8-18 Months?

Where will you get the cash for the downpayment and closing costs for the home purchase?

It looks like you might need the $25K to help with those, if the $400K is retirement money.
by delamer
Sat Apr 14, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off (2nd home) debt or invest more?
Replies: 8
Views: 612

Re: Pay off (2nd home) debt or invest more?

GottaRun wrote:
Sat Apr 14, 2018 6:15 pm
wife and I are planning to spend summer and fall in MN when we retire......spend winters down in NC

lake home is about 8% of our total assets.

thx!
If it is that low a percentage, it really doesn’t matter what you do in terms of the mortgage. So no reason not to pay it off.
by delamer
Sat Apr 14, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Personal Investments, thanks for LOOKING!
Replies: 11
Views: 1272

Re: Help with Personal Investments, thanks for LOOKING!

Your portfolio is more complicated than necessary. Highly recommend that you read this 16 page guide: http://www.etf.com/docs/IfYouCan.pdf Your best bet is to get rid of all the non-Vanguard funds in your 401(k)s and then find the one best (lowest ER) international option available. You are paying t...
by delamer
Sat Apr 14, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off (2nd home) debt or invest more?
Replies: 8
Views: 612

Re: Pay off (2nd home) debt or invest more?

The answer depends in part on how much of your net worth will be tied up in the lake house of you pay it off. In other words, what liquid assets do have in addition to the lake house? If you only have $100,000 in liquid assets then don’t tie up your assets in an illiquid house. If you have $1 millio...
by delamer
Sat Apr 14, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: HELP..not sure what to do at 55 YOA
Replies: 21
Views: 2753

Re: HELP..not sure what to do at 55 YOA

I assume that your goal is to have enough to retire on when you decide to stop working. There are two components to retirement planning. One is expenses and one is income. So you need to have a good estimate for each. You said you have about $4,000/ month in charges plus a $250 HOA fee. Are there ot...
by delamer
Fri Apr 13, 2018 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: 36 yr old BH Newbie with substantial savings- Help!!!
Replies: 54
Views: 5781

Re: 36 yr old BH Newbie with substantial savings- Help!!!

Thank you for those detailed explanations. I will be coming back to this once my accountant does my taxes for 2017 (we requested an extension). On another note my FA that manages that IRA and managed account (who is also a friend from college) called me today after I notified him that I will be rol...
by delamer
Fri Apr 13, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Financing Grad School + Debt Question
Replies: 19
Views: 776

Re: Financing Grad School + Debt Question

I guess I have a different perspective than a lot of the other posters: 1) regarding the separate finances issue, and thus you having no say in the matter. If you are engaged and going down the road of marriage, it is important to have this conversation now because the issue won't magically disappe...
by delamer
Fri Apr 13, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Financing Grad School + Debt Question
Replies: 19
Views: 776

Re: Financing Grad School + Debt Question

Yeah, I think if you have your finances only partially mixed, then it's just complicated. If she's fine with continuing the deal you have with the house and prefers to take on the debt than have you help out, I think you have to respect that. In the long run it's not going to make or break you both...