Search found 17306 matches

by Watty
Tue Nov 12, 2019 12:18 pm
Forum: Personal Consumer Issues
Topic: (Sigh) "Wasting" year-old smoke detector batteries...
Replies: 31
Views: 992

Re: (Sigh) "Wasting" year-old smoke detector batteries...

One problem with waiting to replace smoke detectors batteries until they give the low battery "chirp" is that if you are out of town for a long time then they may be totally dead and not chirping when you get home. I don't know how long they will chirp for but we frequently travel for several weeks ...
by Watty
Tue Nov 12, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Should I do a cash out refinance?
Replies: 5
Views: 417

Re: Should I do a cash out refinance?

Just wondering what the other Bogleheads think..... 1) Ideally you would have been building up reserves to pay for repairs on the rentals like this since they are fairly predictable. It sounds like it is too late for that but you should make sure that you build up reserves to pay for future repairs...
by Watty
Tue Nov 12, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Question re: COBRA and Health Insurance Plans
Replies: 5
Views: 213

Re: Question re: COBRA and Health Insurance Plans

We will probably get another form regarding continuing COBRA coverage at a later date. I used COBRA when I retired and one thing to be careful about is that you need to be aggressive in making sure that you get all the paperwork in and premiums paid on time. I gave two weeks notice when I retired a...
by Watty
Tue Nov 12, 2019 10:06 am
Forum: Personal Consumer Issues
Topic: Los Angeles to San Francisco Roadtrip
Replies: 15
Views: 765

Re: Los Angeles to San Francisco Roadtrip

One thing to keep in mind is that if you drive up Highway 1 along the California coast that is a long slow drive that will eat up a lot of time. Depending on how much time you need to spend in San Francisco and Los Angeles that might not leave you with a lot of time to enjoy the coast. If you don't ...
by Watty
Tue Nov 12, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: ACA Marketplace
Replies: 14
Views: 1683

Re: ACA Marketplace

I would view a $200 month ACA bronze plan as a steal. +100 Even for an 18 year old that is a fantastic price. The only concern I would have is that it might be too good to be true so be sure to double check on that. Be sure that it is really an ACA compliant policy. don't qualify for any subsidies....
by Watty
Mon Nov 11, 2019 11:35 pm
Forum: Personal Investments
Topic: Already maxing out Simple IRA and Roth IRA, refinance into a 15 or 30 year mortgage?
Replies: 12
Views: 764

Re: Already maxing out Simple IRA and Roth IRA, refinance into a 15 or 30 year mortgage?

I should probably add that I'm currently in my mid 30s,...... What is your marital status and do your have kids, or are you likely to? This could matter since you might also have a spouses retirement accounts to consider and you might need factor in saving for kids college expenses, or it might be ...
by Watty
Mon Nov 11, 2019 10:01 pm
Forum: Personal Investments
Topic: Portfolio adjustment help
Replies: 5
Views: 379

Re: Portfolio adjustment help

1. What do we do with the large pile of cash we have? After maxing out on 401k i think we could pursue a ROTH 401k? One of our employers is going to start supporting backdoor ROTH starting next year, so we likely give it a shot after we get our advise here. Should we pay down the mortgage, invest a...
by Watty
Mon Nov 11, 2019 6:54 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 143
Views: 7777

Re: Saving seats on Southwest

We always fly SW because we have their Visa rewards card which equates to free flights, several this year for us. We always pay extra for early boarding for each ticket. Those who see no problem with saving seats for people who didn't pay for early boarding must not mind those drivers who see the "...
by Watty
Mon Nov 11, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Homebuying in Los Angeles - Advice Needed
Replies: 42
Views: 2543

Re: Homebuying in Los Angeles - Advice Needed

We plan on sending our kid to public elementary, so that $2K in daycare costs will be going away in a couple years. Don't count on that. Once they start school there will also be after school care, school holidays, summer day care, and activities to pay for like sports. The plan is to spend the nex...
by Watty
Mon Nov 11, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?
Replies: 44
Views: 5849

Re: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?

4) What are the common forgotten expenses in early retirement? This is mostly just to see how accurate the $41k annual expense is. One big thing to watch out for with very early retirement is that once he stops working then he will have a lot more time to spend money so his expenses may go up a lot...
by Watty
Sun Nov 10, 2019 11:18 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 143
Views: 7777

Re: Saving seats on Southwest

When I checked it 24 hours ahead of my Portland departure I was also able to check in about 22 hours before my Denver departure. That wouldn’t be unusual since it’s less than 24 hours in advance. I think in your example you meant to say something greater than 24 hours? I have done that as well with...
by Watty
Sun Nov 10, 2019 10:37 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 143
Views: 7777

Re: Saving seats on Southwest

I only flew Southwest once. But from my experience if you have your act together and check in online at the correct time on your phone laying in bed you are A1 or whatever and board first and none of this is an issue? Am I missing something? That's not the case anymore since many people pre-pay so ...
by Watty
Sun Nov 10, 2019 9:51 pm
Forum: Personal Investments
Topic: 120K capital gains- what should i do?
Replies: 5
Views: 1310

Re: 120K capital gains- what should i do?

He suggested that i pay my kids $3k each for ‘modeling’ and put that money in a taxable / Roth? account and invest it for college expenses, and take the 6k deduction against my taxable income. i would think the IRS would frown more on this than MFS filers but apparently not, according to him. He sa...
by Watty
Sun Nov 10, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Retire or work again?
Replies: 23
Views: 2813

Re: Retire or work again?

If I pick option 2 or 3, I’ll have to buy a house in expensive west coast housing market 15 miles away. For example, my current home is worth about $1M and I paid off mortgage of $400k to keep it but to buy a similar home, it will cost me at least $1M, likely more. ..... I have spouse, two kids (8 ...
by Watty
Sun Nov 10, 2019 4:28 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 143
Views: 7777

Re: Saving seats on Southwest

If you're earlybird, how are there not any empty rows? Why would you want to sit in a row with someone already there, instead of one of the empty rows? My wife and I don't use earlybird, but whoever gets on the plane first always saves a seat for the other (or the entire row if our kid is with us)....
by Watty
Sun Nov 10, 2019 4:05 pm
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 80
Views: 4456

Re: If you were forced to pick an alternative asset...

So I need to put 2.5% of my money in alternative assets. One risk to watch out for is with dumb luck it might do well and you then might think that you are some sort of genus and up the percentage to 25 or 50 percent or even more. Way too many people did that with precious metals or bitcoin. It is ...
by Watty
Sun Nov 10, 2019 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 90
Views: 7076

Re: Should I buy the family cottage?

Given your father's intentions, he could put it in a trust so it could not be sold (at least anytime soon) and also put money in the trust for upkeep and expenses. Then the whole family could use it without anyone worrying about ability to pay or having to come up with $150k or who owns it. +1000 T...
by Watty
Sat Nov 09, 2019 10:08 pm
Forum: Personal Investments
Topic: Need Help To Plan for Early Retirement
Replies: 18
Views: 2275

Re: Need Help To Plan for Early Retirement

Based on projection, in 5 years, our portfolio should reach 10millions conservatively (unless recession hits). ...... We don't expect to spend more than 4% withdraw rate per year. In reality, we probably need about $100-$120k annually. Something does not add up. With $10million a 4% withdrawl rate ...
by Watty
Sat Nov 09, 2019 3:46 pm
Forum: Personal Investments
Topic: divorce, splitting assets?
Replies: 14
Views: 2352

Re: divorce, splitting assets?

One possibility is that she has a lawyer that has told her not to give you any information since that could cause problems. If I had been separated for three years I would probably not give my soon to be ex spouse any information either without clearing it through my lawyer. Even if you found out mo...
by Watty
Sat Nov 09, 2019 1:26 pm
Forum: Personal Investments
Topic: Decision: 0% tax on capital gains or Roth Conversion
Replies: 9
Views: 601

Re: Decision: 0% tax on capital gains or Roth Conversion

You also need to consider the way your state taxes capital gains, IRA withdrawls, and Social Security. For any mutual funds in your taxable accounts you should set them so that any dividends or capital gains distributions are NOT automatically reinvested. This will help make all your gains long term...
by Watty
Sat Nov 09, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 117
Views: 9539

Re: Seller's agent not letting us use a buyer's agent

A lot of what is legally required may vary by state so take anything that is said here with a huge gain of salt since it might not apply in your state. You have a huge amount of bargaining power since the house has been on the market for 100 days and the winter is a really bad time of year to try to...
by Watty
Sat Nov 09, 2019 10:59 am
Forum: Personal Consumer Issues
Topic: How bad business travel is?
Replies: 61
Views: 4640

Re: How bad business travel is?

When they put x% travel on the job description, this means they are cluing you in about the possibility of travel. There's no way they can know the job is going to require x%. A super low number like 10% is nothing. However, they can try to discourage the "I absolutely cannot travel." people from a...
by Watty
Sat Nov 09, 2019 9:58 am
Forum: Investing - Theory, News & General
Topic: optimal strategy for exploiting robo-advisors
Replies: 24
Views: 1599

Re: optimal strategy for exploiting robo-advisors

ksJoe wrote:
Fri Nov 08, 2019 10:04 pm
So.... what's wrong with this strategy?
The big problem is that you will end up with a portfolio of possibly hundreds of stocks that you never be able to get rid because of the tax hit.
by Watty
Sat Nov 09, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: shocking hospital fee estimate
Replies: 45
Views: 3944

Re: shocking hospital fee estimate

1) Is there anything really to be done to avoid gouging? You do your shopping for the best price when you(or your employer) buys the health insurance. Even though you have tried to get quotes once all the bills are paid you will likely be amazed at how much smaller the final bill is once it is redu...
by Watty
Sat Nov 09, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: high savings rate in Bay Area w/ kids
Replies: 3
Views: 447

Re: high savings rate in Bay Area w/ kids

Dual income/pretax: $500,000 Target budget: $250,000 (including taxes) I lived in Sunnyvale a long time ago. One thing to start with would be to do a dummy tax return including your state taxes. Even with some tax deferred retirement accounts I would not be surprised if the total of the Federal, st...
by Watty
Sat Nov 09, 2019 1:45 am
Forum: Personal Finance (Not Investing)
Topic: Do you charge your employer for the time that you spend working on your off days?
Replies: 140
Views: 6914

Re: Do you charge your employer for the time that you spend working on your off days?

Before I retired I worked in IT and was on a rotating "on call" schedule and would also sometimes get calls when I was not on call. Most recently, the issues that were texted are not what I would call "critical" or an "emergency". In reading your post one big question I have is that if you are maybe...
by Watty
Fri Nov 08, 2019 11:52 pm
Forum: Personal Consumer Issues
Topic: Was I ripped off at the car dealership?
Replies: 73
Views: 6617

Re: Was I ripped off at the car dealership?

If you look around you will likely be able to find a forum for just that specific model of car.

You could ask you question there and get feedback from people that know a lot about that specific model.
by Watty
Fri Nov 08, 2019 11:41 pm
Forum: Personal Investments
Topic: Inherited IRA Strategy
Replies: 13
Views: 1068

Re: Inherited IRA Strategy

Are my assumptions correct in thinking that the federal taxes would be a wash and this will be the best way to avoid paying taxes today? Probably but it would be good to do a dummy tax return including your state income taxes to make sure that you are not in some unusual situation where it makes a ...
by Watty
Fri Nov 08, 2019 10:57 pm
Forum: Personal Consumer Issues
Topic: First time in Sydney, Australia
Replies: 12
Views: 689

Re: First time in Sydney, Australia

We were there about six months ago but we went on a five week trip to several parts of Australia. A few sort of random comments; 1) Keep an eye on the bush fires, they are already having a very bad year and you may get smoke in Sydney. 2) Taronga Zoo- They were doing lots of major construction when ...
by Watty
Fri Nov 08, 2019 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance: Public-exchange ACA plans on HealthCare.gov - Do they have advantages over private plans?
Replies: 7
Views: 658

Re: Health Insurance: Public-exchange ACA plans on HealthCare.gov - Do they have advantages over private plans?

It gets into politics so it would be hard to discuss here where politics is not allowed but a few years ago there were some last minute changes to the ACA that were not really well thought out that backfired in states that were willing take advantage of the poorly planned change. This resulted in an...
by Watty
Fri Nov 08, 2019 8:21 pm
Forum: Non-US Investing
Topic: EU citizen- US Green card holder - Feedback on my plan for the next 10 years.
Replies: 9
Views: 628

Re: EU citizen- US Green card holder - Feedback on my plan for the next 10 years.

A few thoughts. 1) You did not mention a spouse or any kids so I would assume that you are single. If so there is a reasonable chance that you might end up getting married and having your plans change so you might decide to stay in the US because of spouse and and possible kids. It would be good to ...
by Watty
Fri Nov 08, 2019 7:46 pm
Forum: Personal Consumer Issues
Topic: How bad business travel is?
Replies: 61
Views: 4640

Re: How bad is business travel?

10% travel is ideal for me, but I actually enjoy a bit of business travel to break up monotony. The big thing here is ensuring that 10% doesn't turn in to 40%. +1 I never traveled a lot but when I did I enjoyed getting out of the office for a change. With only a 90 minute flight some of the travel ...
by Watty
Fri Nov 08, 2019 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Early Financial Independence. - Healthcare costs
Replies: 65
Views: 5163

Re: Early Financial Independence. - Healthcare costs

I don't know much about this. Can you elaborate on why one would not want to qualify for Medicaid? Mainly flexibility and choice. Choosing your own plan makes it easier to find a doctor you like. And Medicaid adds an additional level of bureaucratic red tape that you may not care for. It is depende...
by Watty
Fri Nov 08, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Early Financial Independence. - Healthcare costs
Replies: 65
Views: 5163

Re: Early Financial Independence. - Healthcare costs

2) Being able to take capital gains at the 0% federal long term capital gain tax bracket can be very valuable but you will giving that up to get the subsidy. 3) Likewise you will not be able to do Roth conversions in a low tax bracket. Nothing prevents someone from paying no capital gains taxes and...
by Watty
Fri Nov 08, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Early Financial Independence. - Healthcare costs
Replies: 65
Views: 5163

Re: Early Financial Independence. - Healthcare costs

3) Likewise you will not be able to do Roth conversions in a low tax bracket. Prefer to understand better on this ROTH conversions at low tax bracket. The amount of my subsidy is reduced by 9.8% for any additional income, assuming I stay below the subsidy cliff. As I recall this percentage may vary...
by Watty
Fri Nov 08, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Moved to new state, buying new car; what to do first?
Replies: 12
Views: 714

Re: Moved to new state, buying new car; what to do first?

I once bought a car in a new state when I did a cross country job relocation. I was paying cash and one thing I ran into was that the dealership would not take an out of state personal check from the other side of the country even though an in state personal check would have been fine. I don't recal...
by Watty
Fri Nov 08, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Early Financial Independence. - Healthcare costs
Replies: 65
Views: 5163

Re: Early Financial Independence. - Healthcare costs

My question is when retired and no income expect interests, dividends and capital gains, and if is around $20 K and portfolio size is say $3 M or $4 M OR even 10 M, are these insurance premiums look only at the interests, dividends and capital gains and not the capital A couple of complications to ...
by Watty
Fri Nov 08, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 90
Views: 7076

Re: Should I buy the family cottage?

A big question is if your dad will be financially OK if he lives to be 105 and needs to live in assisted living and nursing homes for many years. The next big question since he would be selling it to you for around $300K below market value then that might cause a lot of strife with your siblings if ...
by Watty
Fri Nov 08, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Early Financial Independence. - Healthcare costs
Replies: 65
Views: 5163

Re: Early Financial Independence. - Healthcare costs

...the insurance costs is at $240 per month for the couple..... Where did you come up with the $240 figure? Even when I was on COBRA right after I retired it was more like $600 per person per month and plus all the deductibles and copays. It may be higher because I am older but now that I have an A...
by Watty
Fri Nov 08, 2019 8:32 am
Forum: Personal Consumer Issues
Topic: Weddings - The good? The bad?
Replies: 45
Views: 3969

Re: Weddings - The good? The bad?

fasteddie911 wrote:
Thu Nov 07, 2019 9:58 am
The notably negative I've recalled from other weddings is not even talking to the bride/groom, especially if we traveled for their wedding.
Bingo!

You hit the nail on the head on the problem with big weddings.
by Watty
Thu Nov 07, 2019 11:48 pm
Forum: Personal Investments
Topic: Investment Vehicles
Replies: 2
Views: 288

Re: Investment Vehicles

There is a wiki on this choice if you have not seen it. https://www.bogleheads.org/wiki/Traditional_versus_Roth To me it seems really hard, but not impossible, to justify a Roth over a deductible traditional when you are above the 12% federal tax bracket unless you are in a real high income career p...
by Watty
Thu Nov 07, 2019 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Selling to Carmax: Fix then Quote vs. Quote then Fix
Replies: 23
Views: 1891

Re: Selling to Carmax: Fix then Quote vs. Quote then Fix

bagelhead wrote:
Thu Nov 07, 2019 9:52 pm
....what is the best strategy to get the highest bottomline amount:
Don't sell it to CarMax, sell it yourself.

Saying you want to sell it at CarMax but you want to get a high price is an oxymoron.

I have nothing against CarMax but you are at best selling it for basically a wholesale price.
by Watty
Thu Nov 07, 2019 10:52 pm
Forum: Personal Investments
Topic: Help with investment strategy - newly retired
Replies: 4
Views: 570

Re: Help with investment strategy - newly retired

Would not have a problem moving to Vanguard but would be easier to keep in one place as we bank through schwab as well. Schwab is a fine company but I feel more comfortable with keeping my banking seperate from my investing. The reason for this is that if there is a problem with your banking that c...
by Watty
Thu Nov 07, 2019 9:47 pm
Forum: Personal Investments
Topic: The Social Security Hump and Roth Conversions
Replies: 7
Views: 1061

Re: The Social Security Hump and Roth Conversions

A couple of things; 1) I really liked that spreadsheet but it was never updated after the tax rate changes a few years ago so you should be careful in using it. 2) You also need to look at state taxes and what your taxes will be if one spouse survives the other and is filing in the higher tax bracke...
by Watty
Thu Nov 07, 2019 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Hotel "incidentals" credit card precharge?
Replies: 24
Views: 1697

Re: Hotel "incidentals" credit card precharge?

I got home and I had a chance to review my credit card account online. The extra charges are not showing up now so I cannot see the details but they must have just been in some sort of pending status that were never finalized. That is pretty much like it has always worked and my concerns were becaus...
by Watty
Thu Nov 07, 2019 2:28 pm
Forum: Investing - Theory, News & General
Topic: Annuity buy out offer
Replies: 33
Views: 1558

Re: Annuity buy out offer

What am I missing? You may be missing taxes. I don't have a clue how annuities like this would be taxed but I would assume that all of the gain would be taxed in one way or another. That could put him into a higher tax bracket and also trigger phase outs of income based tax credits and maybe IRMAA ...
by Watty
Thu Nov 07, 2019 2:18 pm
Forum: Personal Consumer Issues
Topic: Question on refilling prescriptions
Replies: 41
Views: 2194

Re: Question on refilling prescriptions

How do you think the wholesale chain ships pills during the summer, in refrigerated trucks? Yup. Or at least in packages that are packed with the chilled blue gel-packs. Before I retired I worked in "temperature controlled logistics" which is the buzzword for this. The company I worked for handled ...
by Watty
Thu Nov 07, 2019 1:48 pm
Forum: Personal Consumer Issues
Topic: Question on refilling prescriptions
Replies: 41
Views: 2194

Re: Question on refilling prescriptions

If you have any prescriptions that might be considered narcotics then there may be special requirements to transfer the prescription.
by Watty
Thu Nov 07, 2019 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Sell equities to pay down mortgage
Replies: 22
Views: 1898

Re: Sell equities to pay down mortgage

I'd end up with around a $1,500 tax bill. One thing to remember about the capital gains taxes is that unless you can figure out a way to take the capital gains when you are in the 12% federal tax bracket where the long term capital gain tax rate is 0% then you may not be able to avoid paying the ta...