Search found 13286 matches

by Watty
Mon May 21, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Best used SUV, Wagon, Hatch, Pickup under $10k
Replies: 8
Views: 570

Re: Best used SUV, Wagon, Hatch, Pickup under $10k

A big question is how much you can work on the car yourself. Buying something like a ten year old SUV might make sense if you can maintain it yourself but that could be a money pit of you have to take it into a mechanic everytime some work needs to be done. If you can't do most of the work on a car ...
by Watty
Mon May 21, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: Buy now and wait one more year to move in?
Replies: 12
Views: 1104

Re: Buy now and wait one more year to move in?

We could move now and commute, but it is not ideal (45-55 minutes each way). I am likely to get a job in one year that is 10 minutes from the house we like the most. What happens if you can't actually get that job? That said, when you subtract out vacations and holidays there are about 220 working ...
by Watty
Sun May 20, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Vacation Rental Property as an Investment
Replies: 17
Views: 1137

Re: Buying a Vacation Rental Property as an Investment

Your parents would be doing a lot of the work and could not schedule any travel during the summer months. They will also probably need to be there when people arrive so they will have to work their schedules around that. It would be good to price it as if you were using a property management company...
by Watty
Sun May 20, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Investments that are unique *and* sensible?
Replies: 8
Views: 922

Re: Investments that are unique *and* sensible?

I would really question looking for "unique" investments. While there can be a valid roll for things like a SPIA in a retirement plan sticking with something like a simple three fund portfolio would be my first choice. With the current interest rates I am really less that lukewarm on I bonds as an i...
by Watty
Sun May 20, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Buying a Home, Seeking Advice
Replies: 16
Views: 1082

Re: Considering Buying a Home, Seeking Advice

the fact that a motel is next door No, don't buy that house. There are worse things that it could be next to. I was once in a dorm that was next to a fire station. If it is fairly priced being in a less desirable location could mean that the house itself is a better house that has been discounted b...
by Watty
Sun May 20, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a phrase for that?
Replies: 11
Views: 712

Re: Is there a phrase for that?

It took me a bit but I figured out what you are talking about. About five years before I retired I was doing pretty good financially but I was not quite to the point of being able to retire. At that point I cut my retirement savings to just be enough 401k contributions to get my employers match. I u...
by Watty
Sun May 20, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire? Input and advice is welcome!
Replies: 14
Views: 1602

Re: Can I retire? Input and advice is welcome!

Moreover, I'm really looing forward to having free time and doing all of the hobbies and things I've put off for the last 30 year of my working career. How much will those cost? One pitfall of retirement is that you have more time to spend money so it is possible to have higher expenses once you re...
by Watty
Sun May 20, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Rental cars in Europe
Replies: 13
Views: 721

Re: Rental cars in Europe

One thing to watch out for with two rental car reservations is that you should use different names. I they see two reservations for John Smith at the same time they may assume that you make a mistake and accidentally double booked cars. I was told I needed an International Driving Permit, which I we...
by Watty
Sun May 20, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes
Replies: 13
Views: 1236

Re: Life Changes

Be sure to find out if you can get the permits for a septic system or a sewer hookup and find out how much that will cost. Also check on the quality of the schools in that area. To me there are way too many moving parts and it would be a lot simpler if you just bought the property and built at the s...
by Watty
Sun May 20, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Converting property in to neighborhood park. Trust needed?
Replies: 9
Views: 731

Re: Converting property in to neighborhood park. Trust needed?

It might make more sense to sell all the property and then use the money to establish a park in a better location.

If there is a HOA then that would be the logical group to manage the property.
by Watty
Sun May 20, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Buying a Home, Seeking Advice
Replies: 16
Views: 1082

Re: Considering Buying a Home, Seeking Advice

I currently am interested in a small home in a nice location, which is priced at $62,500 for about 550 square feet plus an unfinished basement. ...... my monthly payments would be about $280/month. ..... I've always felt that rent was overpriced in my area, and the though of paying $600/month in re...
by Watty
Sun May 20, 2018 10:44 am
Forum: Personal Consumer Issues
Topic: Air conditioner recommendations?
Replies: 16
Views: 791

Re: Air conditioner recommendations?

But do you think we should look at other brands? Any of the major brands will be fine. You should really get quotes from several companies since prices can vary greatly. You did not say how old the rest of your system is but it sounds like this guy has just been patching it together and that may be...
by Watty
Sun May 20, 2018 10:33 am
Forum: Personal Consumer Issues
Topic: Apple Pay and Paypal
Replies: 8
Views: 599

Re: Apple Pay and Paypal

I would avoid using Paypal for anything you absolutely can. There are too many stories about people having problems with them.
by Watty
Sun May 20, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: Where to find movers for a couch?
Replies: 16
Views: 1033

Re: Where to find movers for a couch?

Any other ideas? Find a friend with a pickup truck for the actual move. We have a pickup truck and that pretty much comes with owning one. For loading it and unloading it ask some of your friends neighbors for help load it, for ten minutes. If they have teenage kids they are fair game too. If you k...
by Watty
Sun May 20, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Wife Retiring hesitant to roll-over funds to Vanguard
Replies: 36
Views: 2414

Re: Wife Retiring hesitant to roll-over funds to Vanguard

One thing to watch out for is that the inheritance rules for a retirement plan may be different and possibly much worse than for an IRA and it may vary by the details of the plan so she would need to look into of that. This will not be in the glossy literature that the HR department hands out so she...
by Watty
Sun May 20, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 21
Views: 2443

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

freebeer wrote:
Sun May 20, 2018 1:26 am
Its predictions should be taken with a grain of salt.
+1
CULater wrote:
Sat May 19, 2018 12:47 pm
4) One out of two persons living to age 85 will develop Alzheimer's Disease.
This one in particular seems very questionable but it would be hard to get the statistics to disprove it.
by Watty
Sat May 19, 2018 11:15 pm
Forum: Investing - Theory, News & General
Topic: If RMD are large should you still defer into 401k
Replies: 13
Views: 1468

Re: If RMD are large should you still defer into 401k

A huge factor could be the estate planning aspects of choosing to contribute to the 401k or not.

If you will be leaving the money to a charity or to someone that will likely be in a lower tax bracket that could favor putting more money into the 401k or not.
by Watty
Sat May 19, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6303

Re: Helping Adult Children (but not too much)

Her new job starts in the mid 30's, so she isn't exactly rolling in cash, but being debt-free and living in the Midwest I think she'll manage. The median US household income is only about $59,000 so she should be able to do fine. If her lifestyle will be a step down from what she is used to you nee...
by Watty
Sat May 19, 2018 5:35 pm
Forum: Personal Consumer Issues
Topic: Moving to Texas - [Request for clothes, car window tint] recommendations
Replies: 35
Views: 2078

Re: Moving to Texas - [Request for clothes, car window tint] recommendations

One thing to watch out for with the window tinting is that sometimes when you have polarized sunglasses it will have a rainbow effect. I recently bought a new car it had that problem which I suspect was due to cheap window tinting job. They agreed to remove it and refund the money that was charged f...
by Watty
Sat May 19, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 60
Views: 3967

Re: Finance a $28,000 house for Brother?

One more thought, it would not hurt for your brother to ask if the seller would take a note on the property and have the seller provide the financing. If they are having trouble selling it then they may be willing to take a note on the property if he can come up with a reasonable down payment especi...
by Watty
Sat May 19, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 60
Views: 3967

Re: Finance a $28,000 house for Brother?

As I recall many lenders do not make mortgages for less than about $75,000(???) because a lot of their costs are the same for a $75K loan or a $750k loan so they would rather make fewer large loans. I have not done it but it is apparently possible to buy a house with a home equity loan at some place...
by Watty
Sat May 19, 2018 5:53 am
Forum: Personal Consumer Issues
Topic: Priceline hotels?
Replies: 11
Views: 1176

Re: Priceline hotels?

It has been years since I used them or Hotwire so I am not sure how good they are today. I had a couple of good experiences but then got burned when I got booked into a hotel that was in the middle of a major remodel. Not only was it a construction zone with all the hotel amenities shut down but the...
by Watty
Sat May 19, 2018 5:44 am
Forum: Personal Finance (Not Investing)
Topic: Looking for a custom retirement savings calculator for Airline pilot Direct contribution
Replies: 14
Views: 1090

Re: Looking for a custom retirement savings calculator for Airline pilot Direct contribution

If you can fly a plan then you can learn the basics of Excel, and that would be very useful for the rest of your life. You should be able to master the basics in a couple of evenings. Excel can be overwhelming but you really only need to learn about 5% of it to do simple spreadsheets like you want. ...
by Watty
Sat May 19, 2018 5:32 am
Forum: Personal Finance (Not Investing)
Topic: How to find a realtor after relocating
Replies: 7
Views: 619

Re: How to find a realtor after relocating

But how to get started? Since you will be in town and have a couple of months one option is to go to some open houses on your own at first. You might find a house that you love but while you are at the open house you would also talk to the real estate agent and you might find one that you like. Whe...
by Watty
Fri May 18, 2018 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Help Parents
Replies: 12
Views: 1299

Re: Help Me Help Parents

.... with only a small mortgage of about $650 What are the details about the mortgage? It might make sense to pay it off to reduce their monthly costs. That would net them almost each month as much as the annuity you mentioned. If they need it they could consider a reverse mortgage at some point. T...
by Watty
Fri May 18, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheading...young family looking for advice and open to all feedback
Replies: 17
Views: 1055

Re: New to Bogleheading...young family looking for advice and open to all feedback

nickteller25 wrote:
Fri May 18, 2018 4:58 pm
Car loans: 50k @ 5%
Those are really bad interest rates, if you have good credit you can probably get closer to 3% if you refinance.

Here is an example of one credit unions rates.

https://www.penfed.org/auto/refinance
by Watty
Fri May 18, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-Retirement Check
Replies: 14
Views: 1310

Re: Pre-Retirement Check

Desired Annual Spending Roughly $100,000 + taxes + health insurance premiums. You really need to come up with a better number than that. With tax software you can do dummy tax returns, including state taxes, to get an idea of how much you will need to have $100K after taxes and other expenses. For ...
by Watty
Fri May 18, 2018 6:12 pm
Forum: Investing - Theory, News & General
Topic: Help Adjusting to New Google Finance
Replies: 5
Views: 616

Re: Help Adjusting to New Google Finance

I use the WSJ, no subscription is required.

https://markets.wsj.com/
by Watty
Fri May 18, 2018 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of 0% tax rate on capital gains
Replies: 18
Views: 1850

Re: Taking advantage of 0% tax rate on capital gains

ivk5 wrote:
Fri May 18, 2018 1:37 pm
In case it helps to have a search term - this is sometimes referred to as Tax Gain Harvesting (see wiki).
+1

I am about 99% sure that the short term trading restrictions do not apply to ETF's so you may be able to sell the mutual fund and buy an ETF.
by Watty
Fri May 18, 2018 10:07 am
Forum: Personal Consumer Issues
Topic: Registering complaint with American Airlines/American Eagle?
Replies: 25
Views: 1380

Re: Registering complaint with American Airlines/American Eagle?

Looking4Answers wrote:
Fri May 18, 2018 9:31 am
He did go to the desk in plenty of time to board the flight, etc.
What time was the flight scheduled for and what time did he get to the gate?
by Watty
Fri May 18, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: Registering complaint with American Airlines/American Eagle?
Replies: 25
Views: 1380

Re: Registering complaint with American Airlines/American Eagle?

The blame falls on him for not paying attention to what was going on at the gate at boarding time. If I were AA I wouldn’t give him anything other than a seat on the next flight. Was he not waiting at the gate, or did he not wonder why people were lined up before departure at the boarding door? You...
by Watty
Fri May 18, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Locking a tote bag?
Replies: 11
Views: 511

Re: Locking a tote bag?

One "trick" photographers use is instead of using an expensive looking camera bag is to carry your gear in a diaper bag. People are much less likely to be interested in that.
by Watty
Fri May 18, 2018 9:32 am
Forum: Personal Consumer Issues
Topic: Must See in South Dakota
Replies: 58
Views: 4012

Re: Must See in South Dakota

guyesmith wrote:
Wed May 16, 2018 7:47 am
Pine Ridge Indian Reservation
That does not sound like a good idea.

https://www.tripadvisor.com/Attraction_ ... akota.html
by Watty
Fri May 18, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Best use of inherited assets to get to retirement soon
Replies: 7
Views: 1230

Re: Best use of inherited assets to get to retirement soon

+1 for selling the rental. Another +1 on selling the rental, or if you don't do that then buy the other half from the other person. I would assume the other half is owned but someone like a sibling. Having a 50/50 ownership like that can be a nightmare since you will run into situations like when o...
by Watty
Fri May 18, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Retiring soon - some questions
Replies: 27
Views: 3027

Re: Retiring soon - some questions

My numbers are different and I retired at 59 but my situation is similar. I do not believe your tax situation makes the tax-exempt muni bond fund a good deal. +1 A married couple can have around $100K in taxable income and still be in the 12% federal tax bracket. Last – I guess I need to consider Ro...
by Watty
Thu May 17, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Urgent: escrow situation in bay area
Replies: 50
Views: 2743

Re: Urgent: escrow situation in bay area

LucyB wrote:
Thu May 17, 2018 8:06 am
Walking away from your deposit is a big deal and there could be additional monies owed as well.
If you wanted to get out of the deal you would want your lawyer to handle the process to make sure that you would not have any additional liability.
by Watty
Thu May 17, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Urgent: escrow situation in bay area
Replies: 50
Views: 2743

Re: Urgent: escrow situation in bay area

A few more thoughts, but for perspective I seem the resident "Move from the Bay Area to an affordable house" guy so you might take what I say with a grain of salt. This is because I worked in tech in Silicon Valley(which has always been expensive) in the 1980's and I moved when I was ready to buy my...
by Watty
Wed May 16, 2018 11:28 pm
Forum: Personal Consumer Issues
Topic: Rental car from MDW
Replies: 4
Views: 406

Re: Rental car from MDW

One thing to watch out for is that non-airport car rentals locations may only be opened limited hours and that could be a problem if the flight is delayed. Also get good directions to it since they might be in a non-obvious location like a hotel. They normally add on lots of extra fees and taxes to ...
by Watty
Wed May 16, 2018 11:20 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 372
Views: 16838

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

One more thing that I forgot, some people who work in a state with a high state income tax will retire in a state with low or no state income tax. Another is that many people that are in a high retirement tax brackets will leave large estates to heirs that are in lower tax brackets. Or the reverse....
by Watty
Wed May 16, 2018 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Urgent: escrow situation in bay area
Replies: 50
Views: 2743

Re: Urgent: escrow situation in bay area

I think if I get out of the contract now, I can lose Escrow deposit of $36K. But maybe that's prudent thing to do to have a good night's sleep and/or losing 20% of house value in near term. Also if I keep renting instead of buying the house; I will make up for the loss of $36K in a year (since I sa...
by Watty
Wed May 16, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 372
Views: 16838

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

One more thing that I forgot, some people who work in a state with a high state income tax will retire in a state with low or no state income tax.

Another is that many people that are in a high retirement tax brackets will leave large estates to heirs that are in lower tax brackets.
by Watty
Wed May 16, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 7514

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

One good rule about investing in precious metals is to never tell anyone you are doing it. The problem is that if word gets out that you are committed to precious metals then that could cause people to show up at your house and demand that you open your safe and give it to them. If you can't give it...
by Watty
Wed May 16, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage?
Replies: 9
Views: 771

Re: Recast mortgage?

Got letter in mail from the lender today asking if I wanted to recast - so restretch the $300k @3.875 (no fee) back to original term. The come-on is it will "save me" $200+ per month (though lender will recapture about $40k in interest if I full term it). Since there is no fee there is no downside ...
by Watty
Wed May 16, 2018 9:49 pm
Forum: Personal Consumer Issues
Topic: any disadvantages to using Delta Skymiles for fare?
Replies: 18
Views: 1227

Re: any disadvantages to using Delta Skymiles for fare?

Anyway, any downsides? I'm not sure how it would work with an international flight if you got bumped with a ticket that you bought with miles but that might be different. Unless you have something else that you might use the miles on in the near future I would tend to use them sooner rather than la...
by Watty
Wed May 16, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage decision killing me
Replies: 52
Views: 5933

Re: Mortgage decision killing me

SciGuy23 wrote:
Wed May 16, 2018 8:06 pm
Mortgage: 850k

.....
Savings: 1.4 mil in a brokerage account (not planning on touching this)
The limit on the mortgage interest deduction is only $750K now.

If you are able to deduct the mortgage interest then I would come up with a larger down payment to get down to the $750k limit.
by Watty
Wed May 16, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 372
Views: 16838

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Why do so many people quote "You will likely be in a lower tax bracket in retirement" One often overlooked factor is that a lot of people will have setbacks and not have things go smoothly until they retire. When I was going through my 50's I saw a lot more people than I would have expected run int...
by Watty
Wed May 16, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 5910

Re: Would you send your children to private school in my situation?

One thing I have not seen mentioned is that you should also look into the amount of homework that the kids can expect to have at the different schools. Some schools, both public and private, have gone too far in expecting too much homework pretty much every night. It is hard to know what the right b...
by Watty
Wed May 16, 2018 1:16 pm
Forum: Personal Consumer Issues
Topic: sharing cars with two kids home from college?
Replies: 25
Views: 1440

Re: sharing cars with two kids home from college?

other ideas? Let them figure it out themselves. Seriously. +1 Unless they have unusually well paying job or an important internship it likely makes no financial sense to get another car just so they can get paid minimum wage to flip burgers. If they don't figure out a way to make a normal job work ...
by Watty
Wed May 16, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 53
Views: 8238

Re: Golden Handcuffs

One option is to look for a new position in your company. Even if it is a lateral move doing something a bit different might make your job more enjoyable. It might take some time but you might figure out what it would take to get a significant promotion or to have a new position created that you wou...