Search found 12121 matches

by Watty
Sat Jan 20, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Job offer - no 401k offered
Replies: 14
Views: 1330

Re: Job offer - no 401k offered

As DH is also working, what are our options in lieu of 401k to save on taxes ? Is DH maxing out his 401K? If not then have him max that out. You may or may not be eligible to make a deductible IRA or Roth contribution depending on your income. https://www.irs.gov/retirement-plans/ira-deduction-limi...
by Watty
Fri Jan 19, 2018 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Locating funds from estate
Replies: 2
Views: 179

Re: Locating funds from estate

I am not a lawyer but if his estate went through probate, or some streamlined process, back then there should be legal records.

It is different but I am researching my family tree and I have found a lot of wills of relatives back to the 1800's.
by Watty
Fri Jan 19, 2018 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Client service dilemma.
Replies: 1
Views: 228

Re: Client service dilemma.

I would give examples of how I had dealt with dealing with disagreeable people in the past.
by Watty
Fri Jan 19, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Mother In Law's new boyfriend...
Replies: 28
Views: 2952

Re: Mother In Law's new boyfriend...

for a concrete list of things to go over with her. One thing for her to check on is that the date when she remarries might affect her Social Security. I don't recall the details but there are special rules spousal benefits for remarriages after a certain age. In some situations changing the wedding...
by Watty
Fri Jan 19, 2018 7:55 pm
Forum: Personal Consumer Issues
Topic: Telemarketing calls from my own prefix
Replies: 33
Views: 1452

Re: Telemarketing calls from my own prefix

Hiya does let you block numbers that begin with XXX-XXX. I could do that. I don't know that I ever get a legitimate call from my prefix, but who knows if I might someday. It is a war that is hard to win unless the phone companies somehow can block theses VOIP spammers. BTW I'm getting some with jus...
by Watty
Fri Jan 19, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Contacting store after urgent care visit?
Replies: 18
Views: 1560

Re: Contacting store after urgent care visit?

Daughter has her own equipment but forgot it so this was a completely avoidable situation. It doesn't sound like the splinters were bad enough to prevent her from skiing that day. I have a hard time imaging a splinter that would merit a trip to urgent care unless it got infected. Many health insura...
by Watty
Fri Jan 19, 2018 6:51 pm
Forum: Personal Consumer Issues
Topic: Costco Citi removing Foreign Transaction Fees; No Fee/Reimbursed Fee International ATM; ; Free International Data
Replies: 31
Views: 2557

Re: Costco Citi removing Foreign Transaction Fees; No Fee/Reimbursed Fee International ATM; ; Free International Data

Where do you go to get ATM for PenFed, any bank? I’m in Hawaii right now, I might test it out. I also need to get some foreign money, going to Tahiti next, maybe this is a better solution than having to pay high fee to convert my cash. Plus I need to withdraw my cash first which is another transact...
by Watty
Fri Jan 19, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: Do we need an emergency supplies kit (go bag)?
Replies: 30
Views: 2022

Re: Do we need an emergency supplies kit (go bag)?

Do any of you with somewhat similar circumstances have such an emergency kit and what is your thinking? We have emergencies supplies in our house that we could throw into the car if we had any advance notice if we needed to evacuate. Around here there is little risk earthquakes or sudden forest fir...
by Watty
Fri Jan 19, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Costco Citi removing Foreign Transaction Fees; No Fee/Reimbursed Fee International ATM; ; Free International Data
Replies: 31
Views: 2557

Re: Costco Citi removing Foreign Transaction Fees; No Fee/Reimbursed Fee International ATM; ; Free International Data

If this is true, I can get rid of my PenFed cards. They are serving as back up. You may also be able to use them as backup to your ATM card. At least some PenFed cards also have a no cash advance fee. I have the PIN for my PenFed card so that it can be used to get a cash out of an ATM with no advan...
by Watty
Fri Jan 19, 2018 2:07 pm
Forum: Personal Consumer Issues
Topic: Buying a car?
Replies: 36
Views: 3541

Re: Buying a car?

The best deal I have gotten is $11k for a 2016 Toyota Corolla with about 40k miles (former rental car) w/o warranty FYI, iIt should have a something like a 60K manufacturer powertrain warranty. If something happened that voided that warranty you really don't want that car. Did you check your local ...
by Watty
Fri Jan 19, 2018 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Cash Back or 0% Financing
Replies: 7
Views: 856

Re: Cash Back or 0% Financing

There is a non-zero chance that the car will be totaled or sold before the loan is paid off which would add a bit of weight towards taking the cash back. I think you are making the math too complicated. I didn't try to crunch the numbers but the way I would look it is; 1) It takes 60 months(or whate...
by Watty
Fri Jan 19, 2018 5:41 am
Forum: Investing - Help with Personal Investments
Topic: New guy with a question
Replies: 4
Views: 475

Re: New guy with a question

For example, is there an advantage to purchasing SWTSX with my Roth IRA vs my traditional IRA? Confused I agree that putting the higher growth potential investments in Roth makes sense but this is one of the "unknowable" questions since if you are younger you may not know what actual best choice wa...
by Watty
Fri Jan 19, 2018 5:11 am
Forum: Personal Finance (Not Investing)
Topic: The wisdom of buying a car that doesn't depreciate (much)
Replies: 36
Views: 5402

Re: The wisdom of buying a car that doesn't depreciate (much)

I have a few options. Please leave your opinion as to which is the most Bogleheadish deal.....again, I am in Chicago. 2011 Raptor with 109k miles asking $29k (local and driven) - Silver 2012 Raptor with 55k miles, asking $35k (St. Louis) - Black 2011 Raptor with 44k miles, asking $36k US -it’s orig...
by Watty
Thu Jan 18, 2018 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: Job terminated. Convert small pension to lump sum or annuity?
Replies: 18
Views: 1441

Re: Job terminated. Convert small pension to lump sum or annuity?

Do those annuities start now?

If so then one option if you are not maxing out all your retirement accounts would be to take the annuity and also increase your 401k(or similar) contributions by $101.21 a month. Those would basically cancel each other out on your taxes.
by Watty
Thu Jan 18, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: 60 year old mom - keep investing?
Replies: 2
Views: 493

Re: 60 year old mom - keep investing?

Her investments are way too complicated. I would just move everything a company that has low cost mutual funds like Vanguard and then she could just put the bulk of it into a Target Date Income fund or the Target Date 2020 fund. Since these are all in retirement accounts there would not be any tax i...
by Watty
Thu Jan 18, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: 457 worth it with these fees?
Replies: 39
Views: 933

Re: Formula to determine if Pre-tax is worth Higher Fees

Assuming there is no company match, can someone provide me with a formula that would help me determine if Pre-tax advantages outweigh higher fees on a 457plan? In other words, at what fee level should one just do post tax investing? We will likely be in the 22% tax bracket this year. There is a sec...
by Watty
Thu Jan 18, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: 10 years expenses in FI
Replies: 48
Views: 4190

Re: 10 years expenses in FI

One thing to think through if you try to follow an "10 years expenses" plan is what happens next year when you are down to 9 years expenses?

If you just rebalance to get back to ten years expenses then how is that different than if you just kept something like a 60/40 (or whatever) asset allocation.
by Watty
Thu Jan 18, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 128
Views: 5476

Re: Short Commute or Nicer House?

more modern (2005) One more thought. A house built in 2005 may have a lot of maintenance costs in the next ten years as things like the Roof, furnace, A/C, kitchen appliances, hot water heater, etc all get to be 20 years old and need normal replacement. The newer house could actually be more expens...
by Watty
Thu Jan 18, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Short Commute or Nicer House?
Replies: 128
Views: 5476

Re: Short Commute or Nicer House?

One thing to consider is where you might be working at if you change jobs in a few years. The higher maintenance costs of the older home will likely be more than offset by the lower commuting costs so that may not be a factor. In addition to the gas commuting 40 miles a day from the suburbs is aroun...
by Watty
Thu Jan 18, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 71
Views: 4495

Re: Exit strategy for bitcoin

stimulacra wrote:
Thu Jan 18, 2018 1:02 am
If owning bitcoin to diversify your asset allocation…
Buying Bitcoin(or similar) is not diversifying your portfolio anymore than buying lottery tickets would be.
by Watty
Wed Jan 17, 2018 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 71
Views: 4495

Re: Exit strategy for bitcoin

Your exit strategy is to bail when it was at $20,000. Failing that, I would bail ASAP. I hadn't bought it yet when it was at 20K$! :D I bought it when it had fallen at ~ 15K$ and thought I had made a bargain! :D :oops: Then sell it even faster. If you were not able to time the original purchase the...
by Watty
Wed Jan 17, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA
Replies: 31
Views: 2409

Re: Deceased mother's IRA co wants $500+ to convert to bene IRA

I was wondering if it's typical for an IRA company to charge $500+ for their part in the process of transferring from my mother's traditional IRA to a beneficiary IRA in my name, and then to the custodian of my choice One more thought. You may be making this too complex by trying get them to plan t...
by Watty
Wed Jan 17, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Lost Job. Retirement/Portfolio Advice
Replies: 46
Views: 4103

Re: Lost Job. Retirement/Portfolio Advice

Question: Talked to two brokerage reps about opening a Roth IRA starting this year. One said I can't without my employer contributing earnings to the account as well. The second one said I could open a Roth and contribute the maximum $6000 per year and employer contribution is not necessary even if...
by Watty
Wed Jan 17, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA
Replies: 31
Views: 2409

Re: Deceased mother's IRA co wants $500+ to convert to bene IRA

When transferring an IRA various "account closing" or "account transfer" fee of $50 to $150 are not uncommon. For example here is where Fidelity charges $50 for and "account closeout fee". See the Fee information tab. https://www.fidelity.com/trading/commissions-margin-rates This is normally a very ...
by Watty
Wed Jan 17, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: London/Paris Trip Questions
Replies: 41
Views: 1549

Re: London/Paris Trip Questions

3. I plan to bring enough cash (maybe with a little extra) to spend there, and will also bring my only credit card (Costco visa) just in case we need it? So we will have two credit cards (mine and my husbands). Do you see any problem here? I really don't want to open another credit card if not nece...
by Watty
Wed Jan 17, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help for Retiree
Replies: 9
Views: 732

Re: Portfolio Help for Retiree

There is too much missing information to be able to give any sort of good suggestion. You will get better responses if you post your information in this suggested format.(more or less) https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 The part where you said "I'm mostly invested in equities"...
by Watty
Wed Jan 17, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Critique for my Father
Replies: 16
Views: 1903

Re: Retirement Critique for my Father

Vanguard will manage his account for only 0.3% and not put him into any terrible funds. https://investor.vanguard.com/financial-advisor/financial-advice You might suggest that he move there. In a few years when his account is cleaned up and more manageable he can stop paying for vanguard to manage i...
by Watty
Wed Jan 17, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Friend Got Laid Off - Advice Needed
Replies: 46
Views: 4871

Re: Friend Got Laid Off - Advice Needed

He helped me become a Boglehead..... One thing to suggest is that he post here himself. Eh, he should probably look at ACA if he is eligible for it as it might be much less expensive than COBRA. Losing a job should qualify for enrollment outside of the annual period. I would be cautious about using...
by Watty
Wed Jan 17, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Turning $45K of stocks into BH-worthy portfolio
Replies: 8
Views: 895

Re: Turning $45K of stocks into BH-worthy portfolio

I have $45K in my employer 401K, where I contribute 7%. I have another $20K in an IRA with T Rowe Price that has been doing great. I also have another $30K in my old govt job TSP (which I would also consider consolidating/exiting the TSP). With being single and having a relatively high income you a...
by Watty
Wed Jan 17, 2018 9:16 am
Forum: Investing - Theory, News & General
Topic: Anyone pondering moving to a cheaper place and downsizing?
Replies: 63
Views: 4291

Re: Anyone pondering moving to a cheaper place and downsizing?

One thing that has not been mentioned is the the possibility of staying in the same city but moving farther out when you retire and your commute does not matter. In many areas housing that is 30 or 45 minutes farther out can be dramatically less expensive. Someone mentioned the availability of good ...
by Watty
Tue Jan 16, 2018 11:30 pm
Forum: Personal Consumer Issues
Topic: Travel to Rome Italy - Recommendations
Replies: 23
Views: 1424

Re: Travel to Rome Italy - Recommendations

See the Rick Steves books and web site for the information on tickets and passes since that changes from year to year, and the season may make a difference too. I suspect that at this point you it will be too late to get your own tickets to the Vatican but you should be able to get in with a tour gr...
by Watty
Tue Jan 16, 2018 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: 23 Years Old, Uncomfortable with Target Date Funds
Replies: 19
Views: 2060

Re: 23 Years Old, Uncomfortable with Target Date Funds

1. Any thoughts on my decision to opt for the 401a/Defined Contribution option instead of the pension? I get to make this decision again in my fifth year of teaching---when it will be binding. I chose the 401a/DC option for several reasons: That sounds reasonable. 2. I'm planning on moving out of t...
by Watty
Tue Jan 16, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: Anyone pondering moving to a cheaper place and downsizing?
Replies: 63
Views: 4291

Re: Anyone pondering moving to a cheaper place and downsizing?

I have been accused of sounding like a broken record in suggesting that people in HCOL areas should consider moving to less expensive areas. I was in a much different situation when I was living in the Bay Area which has always been expensive and when I was in my early 30's and looking at buying my ...
by Watty
Tue Jan 16, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning in Mid-20's
Replies: 8
Views: 1082

Re: Retirement Planning in Mid-20's

The plan as of today is to continue contributing the 20.5% into my Roth 401(k).... I would be cautious about choosing a Roth when you can make deductible contributions. It sound like you are single and single people get into the higher tax brackets a lot quicker than married people. A married coupl...
by Watty
Tue Jan 16, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning in Mid-20's
Replies: 8
Views: 1082

Re: Retirement Planning in Mid-20's

What are the commons means of income for the period of time of being in retirement but unable to draw from 401(k) WITHOUT penalty? There is also a wiki on SEPP withdrawl plans. https://www.bogleheads.org/wiki/Substantially_equal_periodic_payments Most, but not all, 401k plans allow you to make pena...
by Watty
Tue Jan 16, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Asset Allocation
Replies: 1
Views: 194

Re: Thoughts on Asset Allocation

The Vanguard 2050 Target Date fund is 10% bonds and you are at 15% so that is in the same ballpark but being more conservative there may be the opposite of all the tilting you are doing. https://personal.vanguard.com/us/FundsSnapshot?FundId=0699&FundIntExt=INT&ps_disable_redirect=true With all the s...
by Watty
Tue Jan 16, 2018 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: have about 400k of new money coming in
Replies: 8
Views: 1359

Re: have about 400k of new money coming in

There is a wiki on managing a windfall that might be helpfull.

https://www.bogleheads.org/wiki/Managing_a_windfall
by Watty
Tue Jan 16, 2018 9:02 pm
Forum: Investing - Theory, News & General
Topic: Do people in the forum hold foreign bonds?
Replies: 42
Views: 2521

Re: Do people in the forum hold foreign bonds?

I am surprised that so few people own foreign bonds.

I have seen the past threads about them and understand the negative arguments but to me having them in my Target Date fund seems like a reasonable choice for diversification in case things get weird(er).
by Watty
Tue Jan 16, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Suggestion Needed!
Replies: 5
Views: 202

Re: Investment Suggestion Needed!

Will work another several years part-time and will not draw from my retirement until 67. That would be 2028. The 2025 target date fund would be a good generic choice without knowing more of your details. I would use the 2025 fund instead of the 2030 fund because there is a chance you will not end u...
by Watty
Tue Jan 16, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can We Retire in Hawaii? Please Critique
Replies: 140
Views: 11078

Re: Can We Retire in Hawaii? Please Critique

One thing you might want to do is to look at your numbers as if you are buying instead of building. This would give you firmer numbers to work with and give you a better idea of what is possible. I would be cautious about the plan on homeschooling your kids to make this work since being able to do t...
by Watty
Tue Jan 16, 2018 3:55 pm
Forum: Personal Consumer Issues
Topic: US escorted tours
Replies: 15
Views: 954

Re: US escorted tours

Driving anywhere unfamiliar can be stressful so be kind when a foreigner doesn't want to drive here! There is nothing "wrong" with taking a tour! +1 Especially in urban or suburban areas where driving is even harder. In much of the US public transportation is limited or nonexistent so taking an org...
by Watty
Tue Jan 16, 2018 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Target Retirement Funds
Replies: 13
Views: 1566

Re: Target Retirement Funds

What is your opinion of target funds in general; and these specifically? The main reasons not to use a target date fund are; 1) You also have retirement money in taxable accounts so tax efficiency is a concern. 2) You don't have a good low cost target date fund in your 401k. Before I retired I did ...
by Watty
Tue Jan 16, 2018 2:43 pm
Forum: Personal Consumer Issues
Topic: US escorted tours
Replies: 15
Views: 954

Re: US escorted tours

quantAndHold wrote:
Tue Jan 16, 2018 12:35 pm
Road Scholar.
+1, but only if they are in at least in their 50's.
by Watty
Tue Jan 16, 2018 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Best choices in horrible (IMO) 401k plan
Replies: 15
Views: 522

Re: Best choices in horrible (IMO) 401k plan

Not great, but the S&P 500 fund is a fine choice for a 401k plan. Just put everything in there. Hold bonds and international in your separate Roth accounts where you can buy whatever you like. No need to hold multiple funds in every account. Your portfolio can be treated as one. +1 The ER may be .5...
by Watty
Tue Jan 16, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 51
Views: 3338

Re: Considering PhD...but so much to consider...

Another thought. Why not find a school district to work for that is on the beach?
by Watty
Tue Jan 16, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 51
Views: 3338

Re: Considering PhD...but so much to consider...

Personally, I would start with the question "what do I want to do with my life?" and go from there. Once that is settled, you can figure out the money part. Be financially independent and live on the beach.. crap, now what :P Many people with Phd's want to do that until they are in their 80's.
by Watty
Tue Jan 16, 2018 10:11 am
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 53
Views: 3058

Re: PTO policy after international business travel

If the jet lag affects your so badly then be especially careful about driving. One thing I have not seen mentioned is that you should talk to your doctor about the jet lag. There could be some medical issue involved not only with the time zone changes but spending long periods of time spent in an ai...
by Watty
Tue Jan 16, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Considering PhD...but so much to consider...
Replies: 51
Views: 3338

Re: Considering PhD...but so much to consider...

A PhD isn't a set amount of time. It takes as long as it takes you to complete a body of work that results in a dissertation that your committee agrees is worthy of granting a PhD. That might be 5 years. It might be 9. IT MIGHT NEVER HAPPEN. I know people who walked away in year 6 without the PhD b...
by Watty
Tue Jan 16, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Retiring at 46 - Need Help with Allocation
Replies: 10
Views: 1394

Re: Retiring at 46 - Need Help with Allocation

A 3.5% annual safe withdrawal rate on $2.5M is ~$87,500. The less conservative 4% withdrawal rate is $100,000. Anything above 4% the failure rate grows quickly. The often quoted 4% safe withdrawal rate is based on a 30 year retirement so with your potential 50 year retirement it will have to be a l...