Search found 11527 matches

by Watty
Sun Nov 19, 2017 10:33 pm
Forum: Personal Consumer Issues
Topic: Honeymoon Suggestions
Replies: 16
Views: 701

Re: Honeymoon Suggestions

It would help to know what part of the country you are in. If you are thinking about having kids you should also research what the current status of the Zika virus is where you are going. It has not been getting a lot of press recently but it is still a concern. The area south of Cancun is called th...
by Watty
Sun Nov 19, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 83
Views: 6549

Re: The valet smashed my Tesla into a brick wall!

The ticket stub that parking lots give you often basically say that they are not responsible for anything so that may be a factor that you have to fight against even if it is not enforceable. Their insurance company will try to get off as cheaply as possible. Your insurance company will try to get o...
by Watty
Sun Nov 19, 2017 2:25 pm
Forum: Personal Consumer Issues
Topic: Can anyone help me with details on Portland Oregon Trip?
Replies: 14
Views: 489

Re: Can anyone help me with details on Portland Oregon Trip?

You are trying to do too much in six days. The weather in Portland and the Oregon coast in June can be "iffy" so July or August would be better. Often in Portland summer doesn't really start until around the Fourth of July. The Columbia Gorge is not really on the way to Bend from Portland so it migh...
by Watty
Sun Nov 19, 2017 12:37 am
Forum: Personal Finance (Not Investing)
Topic: What we don't know
Replies: 42
Views: 2524

Re: What we don't know

Johm221122 wrote:
Sat Nov 18, 2017 9:35 pm
So exactly what do we we definitely know?
Diversification works.

You will have some exposure to whatever is best and not too much exposure to the things that don't work.

This is not just for stocks and bonds but also things like Roth vs Traditional and Now vs Later decisions.
by Watty
Sat Nov 18, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to payoff mortgage
Replies: 15
Views: 2025

Re: Looking to payoff mortgage

Even though the interest rate is was low investing the money and getting a higher return is harder than it might sound because of the sequence of returns risk. Here is an example I have posted before.  If you do not pay it off then you will have more sequence of returns risk. For example in rough nu...
by Watty
Sat Nov 18, 2017 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Advice
Replies: 15
Views: 1712

Re: Retirement Advice

As a follow up to some comments and questions. I believe all of his assets are in a 401k thrift savings plan in the C fund that follows the S&P. As far as I know there are no other investments made. I deeply appreciate the advice and comments made thus far. That would be way too risky for him if th...
by Watty
Sat Nov 18, 2017 3:06 pm
Forum: Personal Consumer Issues
Topic: Favorite Holiday Recipes
Replies: 40
Views: 2865

Re: Favorite Holiday Recipes

A twist on how to make stuffing is to make stuffing balls or patties. Instead of making it in a casserole dish you put the balls or patties on a cookie sheet and bake them so that they have lots of crunchy crust vaguely like crab cakes. My Mom always made it this way and it may be a southern style o...
by Watty
Sat Nov 18, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Advice
Replies: 15
Views: 1712

Re: Retirement Advice

There is a Getting started Wiki that would be good to look at. https://www.bogleheads.org/wiki/Getting_started The Boglehead books also are very readable and are geared for people without a lot of financial background https://www.amazon.com/s/?search-alias=aps&tag=bogleheads.org-20&field-keywords=Bo...
by Watty
Sat Nov 18, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to payoff mortgage
Replies: 15
Views: 2025

Re: Looking to payoff mortgage

Congratulations :beer Where people have done this before a few things to double check on; 1) Make sure that your property tax and home insurance gets paid even if you do not get a statement. 2) Have your home insurance company takes the lender off your home insurance policy. 3) In a few months check...
by Watty
Sat Nov 18, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Volunteer to be laid off?
Replies: 33
Views: 1984

Re: Volunteer to be laid off?

Maybe, depending on circumstances, wait until financial incentives are (or may be) offered to folks being "downsized". Are these already decided and would you qualify? Fifteen months is a short time. I have a predefined severance contract, so I know exactly what I would be entitled to. It includes ...
by Watty
Sat Nov 18, 2017 11:58 am
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 13
Views: 664

Re: Any of you trade just a little as a hobby?

I did some during the dot com days and learned my lesson.

One thing to watch out for is that the worst thing that could happen is if you take some "play money" and do very well then there will be a real risk that you will start investing recklessly with more of your money.
by Watty
Sat Nov 18, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3117

Re: Do you include the sale of your home as part of your retirement planning?

Do you include the sale of your home as part of your retirement planning? As part of my retirement plan I include the sale of my home in my 80s. I show it being converted to cash at its inflation adjusted purchase price. In Firecalc, I show the sale as a one time event. I include the value of my ho...
by Watty
Sat Nov 18, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: What to do with 360k for an old man
Replies: 28
Views: 2467

Re: What to do with 360k for an old man

At 89 and living in some sort of independent living center the saving account would be fine. If he was 79 coming up with a better long term plan might make more sense. The only other option I would consider would be a five year CD ladder where they are staggered to mature every year. For example he ...
by Watty
Sat Nov 18, 2017 12:44 am
Forum: Personal Finance (Not Investing)
Topic: Take Pension or Lump Sum payout?
Replies: 12
Views: 1058

Re: Take Pension or Lump Sum payout?

One thing to check on is to see if the choice impacts any other retiree benefits. Sometimes if you get some sort of retirement health benefit that will stop if you take the lump sum. You can also check to see if they will allow you to take half of each. I don't know why but usually they will not, bu...
by Watty
Sat Nov 18, 2017 12:30 am
Forum: Investing - Help with Personal Investments
Topic: Domestic partnership benefits for health insurance
Replies: 3
Views: 351

Re: Domestic partnership benefits for health insurance

Any other considerations we should make before applying? You may have to change doctors if they are not under her health plan and you will have to start your 2017 deductible again with the new policy. If you get You should also consider what happens if you break up or she loses or changes her job. ...
by Watty
Fri Nov 17, 2017 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 40
Views: 4717

Re: 55+ Early retirement offer.

Dottie57 wrote:
Fri Nov 17, 2017 10:08 pm
Thank you to all who replied!
Be sure to give an update with what happens.
by Watty
Fri Nov 17, 2017 9:53 pm
Forum: Personal Consumer Issues
Topic: Renting a car from Atlanta GA to Austin TX: $$$
Replies: 33
Views: 1529

Re: Renting a car from Atlanta GA to Austin TX: $$$

I am planning a road/fishing trip, starting from Atlanta, ending in Austin. Roughly 3 weeks long. The cost of a one way rental will vary a lot depending where they need cars at. If possible you might reverse your trip and start in Austin and end in Atlanta. I might be a lot less expensive going tha...
by Watty
Fri Nov 17, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy...house buying question (budget)
Replies: 17
Views: 1586

Re: To buy or not to buy...house buying question (budget)

Your budget sounds reasonable. You and uour family clearly have the emotional reasons to buy, plus financial discipline. Make sure you have good disability, life and umbrella insurance coverage. For your income it is pretty much on the low end which makes sense considering your debt and having a ba...
by Watty
Fri Nov 17, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Risks of Non-ACA Compliant Health Insurance?
Replies: 66
Views: 2440

Re: Risks of Non-ACA Compliant Health Insurance?

Exactly. It is the 100k+ visit to the cancer specialist on your rare form. Sure you have to pay 20k (or whatever your out of network max is) but that is a lot less than 100k. Odds of needing that are low but if you do need it, you need it. But this is pretty much also why the PPO is dying. The insu...
by Watty
Fri Nov 17, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Risks of Non-ACA Compliant Health Insurance?
Replies: 66
Views: 2440

Re: Risks of Non-ACA Compliant Health Insurance?

Besides that, is there anything else I should beware of when looking at non-compliant plans? A couple of things; 1) With any plan is which doctors and hospitals will actually take the insurance. I retired and after Cobra I was looking at ACA policies. At that time my main choices were Blue Cross or...
by Watty
Fri Nov 17, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at FRA of 66, or delay for one year?
Replies: 10
Views: 820

Re: Retire at FRA of 66, or delay for one year?

Right now my retirement assets all-told are around $1.8 million (taxable, IRA, and Roth), about another $100K in taxable, and our home, worth about $400K. So the extra $100K is not that big a chunk but it would take the sting out of wife's health insurance. You have a net worth around $2.3 million ...
by Watty
Thu Nov 16, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Christmas Vacation on a budget
Replies: 16
Views: 1640

Re: Christmas Vacation on a budget

Try to find something within driving distance especially if you are traveling with more than two people. Flying in the prime holiday season is crowded and packed if things go well but if a flight is canceled finding alternate flights for a group of four or more people will be hard. A young kid will ...
by Watty
Thu Nov 16, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Pile of Cash - What to do
Replies: 25
Views: 2758

Re: Pile of Cash - What to do

p0nyboy wrote:
Thu Nov 16, 2017 10:42 am
not enough info was provided by op.
+1

Here is the suggested format to use to get better suggestions.

viewtopic.php?f=1&t=6212

If you have a mortgage then one option would be to pay that off then invest your "mortgage payment each month.
by Watty
Thu Nov 16, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 3672

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

I am told though that with the traffic in greater Atlanta, it really matters where you live? You really have to live within a reasonable driving distance of work (say 45 minutes) and in that area, that's not that far? The traffic in Atlanta is really bad and the travel time also varies a lot with w...
by Watty
Thu Nov 16, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4363

Re: Fair way to split expenses?

I can't imagine that there is any other way to do it than 50/50. You can have separate accounts, but in the end, isn't that (50/50) what marriage is supposed to be? JT You lack imagination.:) There are tons of people that are more comfortable with some split. It might seem crazy to you. Keeping fin...
by Watty
Thu Nov 16, 2017 12:23 am
Forum: Personal Finance (Not Investing)
Topic: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)
Replies: 50
Views: 3672

Re: How unwise is it to move to a high-tax fiscally-shaky state? (Connecticut)

One thing to keep in mind is that if you move somewhere there is a good chance that your kids will end up settling down there which could be difficult for them with the expensive housing. I moved cross country to Atlanta in a corporate merger when my son was in middle school. The plan was that we wo...
by Watty
Wed Nov 15, 2017 11:57 pm
Forum: Personal Consumer Issues
Topic: New TV for Father
Replies: 22
Views: 1579

Re: New TV for Father

If you buy a TV at Costco with a Costco credit card you get a four year warranty so I would look to see what deals they have. If he does not already have one then it would be good to also budget for a sound bar or some other sound system since the speakers on even a good TV will be next to worthless...
by Watty
Wed Nov 15, 2017 11:49 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 101
Views: 7256

Re: Has used furniture dropped in value dramatically?

Part of the dilemma you are in is that you don't know if there is any value in the rest of the stuff in the house and if the price is fair. I would at least get several bids from different people. When we were clearing out my parents house after the family members had taken what they wanted we had a...
by Watty
Wed Nov 15, 2017 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4363

Re: Fair way to split expenses?

You should probably have a lawyer formalize whatever you decide on since if you divorce what the courts think is fair might be much different that what you think is fair.
by Watty
Wed Nov 15, 2017 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Managing 401k after Job Change
Replies: 16
Views: 1120

Re: Managing 401k after Job Change

+1 on needing more in the emergency fund. Emergency money is not just for bad things, there will likely be a few times in your life when having cash readily available will allow you to take advantage of unexpected opportunities. Another +1 on having too high a percent of bonds. Since you are in your...
by Watty
Wed Nov 15, 2017 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 40
Views: 4717

Re: 55+ Early retirement offer.

I know another job may not be possible. Monetarily I will be fine. Healthcare is my main concern. In some states COBRA is more than 18 months and it might be called something else so be sure to check on that in your state. I am about your age and I was also a corporate software developer. I was rea...
by Watty
Wed Nov 15, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 40
Views: 4717

Re: 55+ Early retirement offer.

I think when a company wants to cut, employees the first offer of this kind is usually the best. Is this usually true? If you have a traditional pension be sure to know how that will be impacted. Sometimes offers like this are because the company wants to reduce the pension costs even when the comp...
by Watty
Wed Nov 15, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Bill Paying Issues
Replies: 18
Views: 1259

Re: Bill Paying Issues

A further complication is that DW is not a tech savvy person so she will struggle if she had to do this on her own. You are making things too complicated. The paper checks still work just fine and in fact for many payees the online bill pay just mails out a paper check anyway. I handle the deposits...
by Watty
Wed Nov 15, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: How much to charge for nanny services on New Year's Eve?
Replies: 29
Views: 1992

Re: How much to charge for nanny services on New Year's Eve?

I am assuming this is for one night, how is it different than a babysitting gig? Submitting a resume for babysitting seems odd. +1 If she wants to work NYE then I would find someone else which should not be hard. The person sounds like they will be difficult to work with could be prone to claim tha...
by Watty
Wed Nov 15, 2017 9:40 am
Forum: Investing - Theory, News & General
Topic: Taking RMD'S
Replies: 15
Views: 1492

Re: Taking RMD'S

Considered combining the IRA's but never wanted to put "all my eggs in one basket" Lucky3 You might want to reconsider that. Managing multiple accounts may be more difficult for you in ten or twenty years as you get older. If someone like a kid or a less financially capable spouse has to manage you...
by Watty
Wed Nov 15, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Previous employer terminating pension
Replies: 15
Views: 2642

Re: Previous employer terminating pension

The last time they offered, Nov 2012, the lump sum would have been $79052. Instead, I planned on taking the $1093/mo at age 65. I'm 58 1/2 right now with no immediate plans to retire yet. Which is best depends in a large part on what the numbers are for the current options but you do not know that ...
by Watty
Tue Nov 14, 2017 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Borrowing against portfolio for home down payment
Replies: 11
Views: 1172

Re: Borrowing against portfolio for home down payment

+1 on clearing this with your lender. I would not do it though. There is a non-zero chance that between the time you get the loan and when you actually sell the stocks that the stocks could drop a lot in price. This is especially a risk if you have individual stocks and not a mutual fund. Even if yo...
by Watty
Tue Nov 14, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Personal letters to the sellers of your house can work!!!
Replies: 72
Views: 7203

Re: Personal letters to the sellers of your house can work!!!

I wonder of accepting a lower offer based on the letter could leave the seller and selling agent open to a discrimination lawsuit.
by Watty
Tue Nov 14, 2017 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth starting investing if 7-8 years from retirement?
Replies: 22
Views: 2426

Re: Is it worth starting investing if 7-8 years from retirement?

My parents have everything in their annuities and one rental property. They think that combined with their social security will cover them. They are self employed and have no access to 401k. Is it worth it for them to start a taxable brokerage account right now when they still have 7 or 8+ possible...
by Watty
Tue Nov 14, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Pay down a 3.25% 15-year mortgage?
Replies: 24
Views: 3487

Re: Pay down a 3.25% 15-year mortgage?

I also think that you should sell the rental even if you take a loss that is in the $20,000-$30,000 range as you have a $1,300 negative cash flow per month. +1 I would take a hard look at this. How much you could clear, or would have to pay, after taxes if you sold the place. Any place will sell at...
by Watty
Tue Nov 14, 2017 8:06 am
Forum: Personal Consumer Issues
Topic: places to live near Stanford University
Replies: 35
Views: 2682

Re: places to live near Stanford University

I would take a long and hard look at what your compensation is now vs. what they offering while considering cost of living. I probably wouldn't consider it unless your salary doubles. Be sure to calculate your after tax income especially if you are coming from a state with low state income taxes an...
by Watty
Mon Nov 13, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 61
Views: 4040

Re: Draft a will with legalzoom or other online legal help

Several thousand dollars! That is a lot of money. No wonder 60% of Americans do not have a will. Without a will having your estate turned over to a lawyer to be a court appointed trustee to manage it for your heirs could burn through thousands of dollars a week until your kids are old enough to rec...
by Watty
Mon Nov 13, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment
Replies: 36
Views: 3103

Re: Actually might have "enough", thinking of suspending retirement savings in favor of saving for down payment

Also tempting is saving enough cash so that I could potentially buy a home without a mortgage if we were to move somewhere cheaper. I've been chastised by another poster for repeatedly suggesting this on things like this. I was in a much different situation but I was living in the Bay Area when I w...
by Watty
Mon Nov 13, 2017 9:02 pm
Forum: Personal Consumer Issues
Topic: places to live near Stanford University
Replies: 35
Views: 2682

Re: places to live near Stanford University

With a big move like that rent for a year to make sure that the job is working out and that you really want to settle down there and to give you time to learn the areas and commutes.
by Watty
Mon Nov 13, 2017 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: What do I need to know about my mom's finances?
Replies: 17
Views: 1302

Re: What do I need to know about my mom's finances?

Since she is still very competent I think that the best thing to do would be to just ask her what she thinks you should know and if she would like to give you instructions on how things should handled if she is incapacitated. Having basic information like a copy of her medicare card and any medicare...
by Watty
Mon Nov 13, 2017 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: New Job. Confused about 401K choices..Please help
Replies: 11
Views: 494

Re: New Job. Confused about 401K choices..Please help

+1 on those being good choices. You could do a three fund portfolio to save a bit on the expense ratio. https://www.bogleheads.org/wiki/Three-fund_portfolio The target date funds only have an ER of 0.15% which might be 0.1% higher than a three fund portfolio. In dollar terms if he has $25,000 in the...
by Watty
Mon Nov 13, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: New Job. Confused about 401K choices..Please help
Replies: 11
Views: 494

Re: New Job. Confused about 401K choices..Please help

You need to add the expense ratios to your post to be able to get any good suggestions. You have to look the expense ratios up in the plan literature he got from the HR department or when he is signed into the 401k website. The ER that he is charged can be different than what you might see if you ju...
by Watty
Mon Nov 13, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 61
Views: 4040

Re: Draft a will with legalzoom or other online legal help

My thoughts on rental properties is that hopefully we could add our kids' name as either members or owners of the LLC when they grow up. This seems the most efficient way to transfer the property ownership. My knowledge on will, trust, estate planning, etc is very limited. So this may just be my wi...
by Watty
Mon Nov 13, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Long term capital gains tax - effective tax is higher than 15%
Replies: 15
Views: 1077

Re: Long term capital gains tax - effective tax is higher than 15%

One other wild guess is that you could be in the income range where the deductibility of an IRA is being phased out. If you have last year's tax software then it would be good to do a dummy tax return so that you can look at the details to see what changes and also figure out the effect on your stat...
by Watty
Mon Nov 13, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Applying for a job: Not sure if I really want it
Replies: 10
Views: 1277

Re: Applying for a job: Not sure if I really want it

Andyrunner wrote:
Mon Nov 13, 2017 10:12 am
The reason why I applied is because
Since you have already applied there is little to lose by talking with people about the job since you can always decline it if it turns out to not be a good opportunity.