Search found 11122 matches

by Watty
Thu Sep 21, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Large Mortgage
Replies: 24
Views: 2073

Re: Large Mortgage

I expect to stay in this home for about 10-15 years.Thoughts? I would also look to see what rates you can get for 10 year ARM or a 15 year fixed rate loan. If you are pretty sure that you will be there for more than ten years I would also look at what rates you can get for a 30 year mortage if you ...
by Watty
Thu Sep 21, 2017 9:52 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 105
Views: 5644

Re: No More Saving???

Thanks Watty - I appreciate what you are saying. I'm 29 and plan on saving as much as i can for the foreseeable future. Who knows, I might already be in my peak earning years! If you are doing well it might be reasonable to tilt a bit more toward the "now" side of the "now vs later" choices. The or...
by Watty
Thu Sep 21, 2017 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Merging inheritance with different asset allocation
Replies: 13
Views: 870

Re: Merging inheritance with different asset allocation

If you have a mortgage then you might want to consider paying it off because while it is not exact in a lot of ways a mortgage is like a negative bond in your asset allocation. A frequent recommendation is to look at all your portfolios combined and then get to your desired asset allocation by putti...
by Watty
Thu Sep 21, 2017 8:48 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 105
Views: 5644

Re: No More Saving???

But mostly, we had a few medical scares, and realized that "those special trips" we had been dreaming of... well, we'd better get started on those. So about 4 years ago, we started taking some of those special trips instead of contributing more to the retirement pot. That is also a factor. One year...
by Watty
Thu Sep 21, 2017 8:39 pm
Forum: Investing - Theory, News & General
Topic: No More Saving???
Replies: 105
Views: 5644

Re: No More Saving???

Just wondering how many BH out there got to a point [in one's working years] where the need to save for retirement stopped? For example, has anyone stopped the accumulation phase before retiring? If so, please describe your situation. Unless you have reached financial independence and could retire ...
by Watty
Thu Sep 21, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help with moving to Vanguard
Replies: 7
Views: 460

Re: Help with moving to Vanguard

FYI, there will likely be some sort of account closing or transfer fee of maybe $50 to $150 dollars at Ameritrade. The things like the commissions being a bit higher or lower at one place or another are pretty trivial. I would just sell everything you can transfer in kind to Vanguard once it gets to...
by Watty
Thu Sep 21, 2017 5:23 pm
Forum: Investing - Theory, News & General
Topic: How an asset with a NEGATIVE return can INCREASE your portfolio's return
Replies: 30
Views: 2222

Re: How an asset with a NEGATIVE return can INCREASE your portfolio's return

Second, are you sure Bitcoin is what is increasing your portfolio return? Maybe it is the rebalancing bonus? That is a good point. It should not be that hard to to run the same backtest several times but substitute, dollars, euros, gold, silver, etc for Bitcoin to see the how the results compare to...
by Watty
Thu Sep 21, 2017 3:07 pm
Forum: Personal Consumer Issues
Topic: Water Service Line Insurance
Replies: 17
Views: 1214

Re: Water Service Line Insurance

One thing to watch out for is that it if there is a problem it might be a good idea to completely replace the line but they might just repair a small section instead.
by Watty
Thu Sep 21, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: VG wants everyone to transfer to a brokerage account?
Replies: 47
Views: 3130

Re: VG wants everyone to transfer to a brokerage account?

Any thoughts, anyone? At first glimpse I am not liking it.... It will happen sooner or later and for most people there will not be any problems. I would just pick a time when you know you will not need to make any transactions for a week or so and go on and do it. They should have most of the glitc...
by Watty
Thu Sep 21, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Flooded out subdivision
Replies: 17
Views: 1466

Re: Flooded out subdivision

I lived in a subdivision of about 100 homes where about 8 houses, including mine had flood damage. My flood damage was relatively minor flooding of the crawlspace but a couple of homes had a few feet of water in them. There was also some vacant land at the end of the street. A couple of observations...
by Watty
Thu Sep 21, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Would you get flood insurance?
Replies: 25
Views: 1202

Re: Would you get flood insurance?

I'm not in a flood zone (apparently i'm in the 500 year flood zone according to the county). That was before Harvey and may change the next time they update the maps. It costs $450 and gets you $350,000 worth of insurance. 350000/450= 777 So VERY ROUGHLY it sounds like it is a somewhat reasonable p...
by Watty
Thu Sep 21, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner
Replies: 16
Views: 772

Re: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner

A couple of things to add to your list of things to look into. 1) Your state taxes. Just because you leave the US does not automatically mean that you don't still have to pay taxes in the state you were a resident of. Some financial institutions require that you have a US mailing address and if you ...
by Watty
Thu Sep 21, 2017 12:45 pm
Forum: Investing - Theory, News & General
Topic: How an asset with a NEGATIVE return can INCREASE your portfolio's return
Replies: 30
Views: 2222

Re: How an asset with a NEGATIVE return can INCREASE your portfolio's return

One fallacy in this is that it assumes that bitcoin will always be a store of value. Another is that even though it has been volatile it has recently gone through a spectacular price increase that may not ever happen again. I'm not a fan of it but you can make the same argument that something like g...
by Watty
Thu Sep 21, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: Tenant wants to break contract. How much to pay an attorney?
Replies: 33
Views: 2160

Re: Tenant wants to break contract. How much to pay an attorney?

My tenant went to an attorney who wrote me a letter stating the tenant wants to break contract for a reason that sounds unreasonable to me. The way you phrased that was a bit odd and the details might be important. Having someone that has a real problem with the property that is impacting their bus...
by Watty
Thu Sep 21, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: How would you value Time In this scenario?
Replies: 3
Views: 235

Re: How would you value Time In this scenario?

Since it sounds like the number of hours worked per week is the same then you can't really put a dollar value on it. For some people working the longer days nine days a week in the first job might be wearing, and disrupt time with their spouse and kids so going to a more traditional schedule might e...
by Watty
Thu Sep 21, 2017 12:02 pm
Forum: Personal Consumer Issues
Topic: Uplifted Driveway = No Home Owners Policy ?!
Replies: 79
Views: 4001

Re: Uplifted Driveway = No Home Owners Policy ?!

One more thought. Even if you can get insurance with another company without an inspection that does not necessarily mean they will pay a claim for a known problem like that if someone is ever injured. For example I have heard of cases where people had a sick or dead tree in their yard that eventual...
by Watty
Thu Sep 21, 2017 11:04 am
Forum: Personal Consumer Issues
Topic: Uplifted Driveway = No Home Owners Policy ?!
Replies: 79
Views: 4001

Re: Uplifted Driveway = No Home Owners Policy ?!

In my old neighborhood the sidewalks were uplifted by tree roots in a number of places. The city had a crew come by and grind down the uplifted part so it was level and not a tripping hazard.

Getting the problem fixed may not be if real expensive fix if you can do that.
by Watty
Thu Sep 21, 2017 3:14 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 192
Views: 15975

Re: I won the Lottery. Need sound advice.

You must read the Bogleheads "Wiki" called "Managing a Windfall" before you do anything. LINK[url]https://www.bogleheads.org/wiki/Managing_a_windfall/url] Tell nobody. +1 Paying off the all the debt right away except the mortgage is a no-brainer easy choice. One thing you should do right away is to...
by Watty
Wed Sep 20, 2017 9:55 pm
Forum: Personal Consumer Issues
Topic: Dilemma: To buy CPO car or long term rent a car or ship my car?
Replies: 13
Views: 815

Re: Dilemma: To buy CPO car or long term rent a car or ship my car?

Thank you one and all for your as always insightful inputs. I was leaning towards driving there and back and making it a road trip. I did not list that originally as an option because my DW has steadfastly refused to participate. Thus my plan B's. Much appreciated. If you can find a buddy to drive ...
by Watty
Wed Sep 20, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Tulum? [Mexico]
Replies: 10
Views: 1080

Re: Tulum?

Be sure to take plenty of sunblock and use it, the sun is really strong down then. There must be some sort of high tax or import duty which makes the sunblock you can buy there really expensive even at places like Walmart so it makes sense to take it with you. I didn't find the ruins at Tulum to be ...
by Watty
Wed Sep 20, 2017 5:56 pm
Forum: Personal Consumer Issues
Topic: Dilemma: To buy CPO car or long term rent a car or ship my car?
Replies: 13
Views: 815

Re: Dilemma: To buy CPO car or long term rent a car or ship my car?

If you do take your east coast car to Arizona be sure to check on the rules on how long you can use it in Arizona before you have to register it there. There are likely special rules for seasonal people like you but typically when you move to a differet state you have to get the car registered there...
by Watty
Wed Sep 20, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for retirement...help!
Replies: 4
Views: 540

Re: Investing for retirement...help!

Here are some wiki's that might help. https://www.bogleheads.org/wiki/Three-fund_portfolio https://www.bogleheads.org/wiki/Tax-efficient_fund_placement One issue that you need to watch out for is that if you sell your current investments in your taxable accounts that could cause you to pay a lot of ...
by Watty
Wed Sep 20, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: What is the right career path for me?
Replies: 24
Views: 2284

Re: What is the right career path for me?

My desire to be a physician stems from the fact that if I had 100 billion dollars, I would still want to be a physician, treat diseases, and research new drugs/treatments. I would rather work as a physician with 100 billion dollars than retire and go on vacations all year. With that in mind it woul...
by Watty
Tue Sep 19, 2017 11:01 pm
Forum: Personal Consumer Issues
Topic: Are quality exterior doors worth it?
Replies: 17
Views: 1941

Re: Are quality exterior doors worth it?

....that was "dense foam"... I would expect a $3,000 rear door to be something like hand crafted hardwood with high end beveled glass. Front doors and double doors can get more expensive with things like fancy ironwork but for a "simple rear exterior door" that is way overpriced. Installing an exte...
by Watty
Tue Sep 19, 2017 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: 40 Year Olds, how are we doing.. and other questions
Replies: 13
Views: 2059

Re: 40 Year Olds, how are we doing.. and other questions

You may get better responses if you edit your post to include the names of the funds and not just their ticker symbols. Debt: Mortgage 95k on 220k-250k House, 4.25% 15 year. 7 ½ years left if no extra payments. Typically I have rounded up to the nearest $100 which knocks a little off the term, but m...
by Watty
Tue Sep 19, 2017 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Retiree Roth Withdrawals
Replies: 10
Views: 1157

Re: Retiree Roth Withdrawals

A couple of things to consider; 1) If you are married then one of you will likely survive the other and then be filing tax returns as single which may put them into a higher tax bracket. Single people get into the 25% tax bracket pretty quick so it might be better to wait on Roth withdrawals until y...
by Watty
Tue Sep 19, 2017 9:24 pm
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 81
Views: 4516

Re: Getting (young) kids interested in coding

Any recommendations for a really old kid (adult) who wants to learn? Which language would you recommend (GF is pushing python)? You might consider learning to program macros in Excel. That would not only give you a taste of what programming is like but with learning even the basics you could learn ...
by Watty
Tue Sep 19, 2017 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: To Refinance or not to Refinance
Replies: 17
Views: 1357

Re: To Refinance or not to Refinance

****Update***** I spoke to the bank today and they are willing to give me a $124k loan if I pay-off both my car loans ($34k). What do you guys/ gals think? If you have the money to pay them off and pay the loan down to $124K then that would drop the interest rate on your mortgage by almost 2%. The ...
by Watty
Tue Sep 19, 2017 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 5564

Re: Getting over emotional attachment to house

I have run through all the numbers. The financial question is pretty simply. Is it worth $100,000 a year (pre-tax) to live in Malibu, versus Indian Wells. The biggest trade off is obviously the weather, but with $100,000 you could travel all over the world in the summer and avoid the heat -- and st...
by Watty
Tue Sep 19, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: Disputing credit card transaction for programming Car FOB?
Replies: 18
Views: 1100

Re: Disputing credit card transaction for programming Car FOB?

Two things, 1) It is possible that the dealer actually replaced your key that did not work with a good key and programmed it for you. The keys themselves cost very little and that might have been easier than spending 20 minutes trying to get your key to work then dealing with a disgruntled customer....
by Watty
Tue Sep 19, 2017 8:03 am
Forum: Personal Consumer Issues
Topic: Experience with Custom Home Builders
Replies: 12
Views: 1182

Re: Experience with Custom Home Builders

When house hunting I have found that using the price per square foot is not very useful to compare different size houses since a lot of a home's costs goes into things like site preparation, driveways, kitchens, and bathrooms that do not change if you tack on an additional room to a house or expand ...
by Watty
Tue Sep 19, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Military: Investing a Windfall in Expensive Market?
Replies: 16
Views: 1943

Re: Military: Investing a Windfall in Expensive Market?

If you don't already have a separate emergency fund then I would just put the $8K into a saving account and use it as your emergency fund. You can find savings accounts that pay over 1% if you look around but I don't have a link handy. https://www.bogleheads.org/wiki/Emergency_fund Emergency funds a...
by Watty
Tue Sep 19, 2017 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Take The Lump Sum or The Immediate Annuity?
Replies: 29
Views: 2378

Re: Take The Lump Sum or The Immediate Annuity?

As others have said more information is needed to know if it is a good deal or not including if it includes a survivor benefit for your spouse and if it has a COLA adjustment. That said when you mentioned, or an immediate annuity for myself of $1,170/mo. Looking at Vanguard's annuity calculator they...
by Watty
Mon Sep 18, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Getting (young) kids interested in coding
Replies: 81
Views: 4516

Re: Getting (young) kids interested in coding

I am a retired computer programmer. It is hard to describe but at least for me programming was a very "visual" experience for lack of a better word. In my mind I could sort of see how the parts of the program interacted and flowed. I am not sure if everyone has that experience but in talking with ot...
by Watty
Mon Sep 18, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Home Equity Disproportionate to Investments
Replies: 16
Views: 1191

Re: Home Equity Disproportionate to Investments

Not that recommend them but just for brainstorming you could; 1) Sell the house and rent or buy something less expensive. 2) Refinance with a longer term mortgage to improve your cash flow. For example if you bought the house ten years ago with a 30 year mortgage and have 20 years left then you coul...
by Watty
Mon Sep 18, 2017 3:23 pm
Forum: Personal Consumer Issues
Topic: Ccleaner (32-bit) had malware payload with legit signed version
Replies: 24
Views: 2013

Re: Ccleaner (32-bit) had malware payload with legit signed version

My concern about something like this happening is the main reason that I do not use software to manage my passwords.
by Watty
Mon Sep 18, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Worth buying an excessive priced house?
Replies: 43
Views: 3774

Re: Worth buying an excessive house?

In my opinion schools are worth stretching for, but game rooms and oversize garages are not. Can you find any options in the good school area with an older/smaller/cheaper home? +1 It sounds like you are at a point where moving to a nicer house especially with better schools would be a reasonable c...
by Watty
Mon Sep 18, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 5564

Re: Getting over emotional attachment to house

Have any of you moved out of a house after living their for decades to start retirement, and never coming back? Did you regret it? I realize this is kind of a 'touchy feely" question, and your input is appreciated. My parents lived in a nice midwestern suburb and had been in the house I was raised ...
by Watty
Mon Sep 18, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: My in-laws' nest egg of $50k
Replies: 34
Views: 4183

Re: My in-laws' nest egg of $50k

Absolutely that money is an emergency fund and should just be in a savings account. +1, but they might be also consider a ladder of CD's to get a smidge more interest. Maybe get a part time job like packing groceries....plenty of retirees in my area do it. Probably would make them feel a bit more s...
by Watty
Sun Sep 17, 2017 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: which way to save?
Replies: 18
Views: 1511

Re: which way to save?

One thing you can do is to to use the Roth as an emergency fund. https://www.bogleheads.org/wiki/Roth_IRA_as_an_emergency_fund If things go well then you may not ever need the emergency money and can use it for your retirement or house downpayment some day. Emergencies are not just for bad things. W...
by Watty
Sun Sep 17, 2017 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Would like to buy my mom's second residence. advice needed
Replies: 14
Views: 977

Re: Would like to buy my mom's second residence. advice needed

Your mom should get professional tax advice to know what taxes she will need to pay if it is sold or given to you before she decides what to do. In addition to capital gains she might need to recapture depreciation even if she has not been claiming that on her taxes. She also needs to look at her st...
by Watty
Sun Sep 17, 2017 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Pocket money allowance for college student
Replies: 48
Views: 2485

Re: Pocket money allowance for college student

We were able to pay for my son to go a state university. We put the rule in that he could not work during the school year for his freshman year and after that any job had to be related to his major. We figured that compared to working at some some fast food restaurant for minimum wage that having th...
by Watty
Sun Sep 17, 2017 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Review ($800K Nest Egg)
Replies: 7
Views: 2505

Re: Financial Review ($800K Nest Egg)

2. Are there any investment options I should consider? Have you looked into doing a backdoor Roth? https://www.bogleheads.org/wiki/Backdoor_Roth_IRA https://www.whitecoatinvestor.com/the-mega-backdoor-roth-ira/ 1. Should I invest in the market (e.g. trading account; 529) instead of aggresively payi...
by Watty
Sun Sep 17, 2017 6:04 am
Forum: Investing - Help with Personal Investments
Topic: Keep Stock Investing or Buy Rental Home
Replies: 4
Views: 721

Re: Keep Stock Investing or Buy Rental Home

Diversification is one factor to consider in this decision. If you own, or likely someday will own, a house that you live in with a mortgage then you would have a lot of exposure to real estate without buying a rental property. It is not uncommon for people to have much more than 100% of their net w...
by Watty
Sun Sep 17, 2017 5:30 am
Forum: Personal Finance (Not Investing)
Topic: Medicare patients pay FAR MORE at 1300 rural Critical Access Hospitals
Replies: 55
Views: 3234

Re: Medicare patients pay FAR MORE at 1300 rural Critical Access Hospitals

toofache32 wrote:
Sun Sep 17, 2017 2:54 am
I'm confused. What is actionable here?
If you are in a rural area it might be worth a two hour drive to go to a large city to get a colonoscopy or hernia operation.
by Watty
Sun Sep 17, 2017 5:28 am
Forum: Investing - Theory, News & General
Topic: "36 Obvious Investment Truths"
Replies: 18
Views: 2616

Re: "36 Obvious Investment Truths"

7. Risk can change shape or form but it never really goes away. I cringe with I hear someone say "I want a safe investment so I am buying bonds." Bonds have plenty of inflation and interest rate risk as well as default risk. I forget where I heard it but I remember the quote that goes something lik...
by Watty
Sat Sep 16, 2017 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Help me solve: Not allowed access to savings at Canadian bank
Replies: 12
Views: 1527

Re: Help me solve: Not allowed access to savings at Canadian bank

There is a Boglehead Canadian "sister site" that you could also post your question on to see what they say.

http://www.finiki.org/wiki/Main_Page
by Watty
Sat Sep 16, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Implications of Buying a House and Renting it Out
Replies: 9
Views: 899

Re: Tax Implications of Buying a House and Renting it Out

If you sell the house, you need to take 1 year for it being a rental divided by the total number of years you owned it and that is the percentage of the capital gains exclusion you have to sacrifice because you started it as an investment property. If you will be getting a mortgage then your will l...
by Watty
Sat Sep 16, 2017 10:36 pm
Forum: Investing - Help with Personal Investments
Topic: Bipolar Investor Wants to Roll The Dice
Replies: 12
Views: 1598

Re: Bipolar Investor Wants to Roll The Dice

Life expectancy at my age is probably 10 years so this is more for my kids than anything else ...... What are, in your opinion, the highest risk/reward index funds in the Vanguard family you would recommend? One option to look at would be a deferred annuity that starts in 10+ years. Obviously you w...
by Watty
Sat Sep 16, 2017 9:32 pm
Forum: Personal Consumer Issues
Topic: point and shoot digital cameras
Replies: 22
Views: 1507

Re: point and shoot digital cameras

What are you going to use it for? What do you consider to be a moderate price?