Search found 17371 matches

by Watty
Tue Nov 19, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Car negotiation question
Replies: 19
Views: 838

Re: Car negotiation question

Two things to check on; 1) What sort of price can you get for a 2020? Even if there was not a major model change there will likely be incremental improvements in things like the safety systems or audio systems like how it interfaces with your cell phone. One problem with a 2019 is that it will get l...
by Watty
Tue Nov 19, 2019 10:08 am
Forum: Investing - Theory, News & General
Topic: market went down in 2018, so why do people forget that
Replies: 28
Views: 2441

Re: market went down in 2018, so why do people forget that

The S&P went down in the calendar year of 2018. I believe down by 6%. With reinvested dividends the Total Stock Market Index fund was down 5.26% If you look at a graph of stock prices there was a pretty big dip in prices that went from mid-December to Mid January but by the end of January it was ba...
by Watty
Tue Nov 19, 2019 2:14 am
Forum: Personal Finance (Not Investing)
Topic: What to do (career/life)
Replies: 18
Views: 1934

Re: What to do (career/life)

I don't know if it will help but but here is my experience. (I am a guy.) I was raised on the midwest and after college I went and worked with computers in Silicon Valley in the Bay Area for about six years. When I was living there I dated and had a few girlfriends but nothing that was leading to a ...
by Watty
Mon Nov 18, 2019 10:17 pm
Forum: Personal Investments
Topic: What to do with $300K cash?
Replies: 6
Views: 1224

Re: What to do with $300K cash?

2. We both have stable/secured jobs and plan to work until we are 65 (or at least 60). We have maximized all our tax-deferred accounts, including 401A, 403B, 457, Roth IRA and HSA, total $90K per year. Also, we have no debt (no mortgage, etc). A big consideration is how the big the $300K is in rela...
by Watty
Mon Nov 18, 2019 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property sell or rent?
Replies: 15
Views: 1089

Re: Rental property sell or rent?

One problem if you keep it is that you should really come up with a long term business plan which includes an exit strategy. If you keep it for 20 years then the taxes when you sell it could be pretty high so you may need to consider if you really want to keep it for the rest of your life. You might...
by Watty
Mon Nov 18, 2019 9:34 pm
Forum: Personal Investments
Topic: Moving $380K in individual stocks to index fund
Replies: 46
Views: 2309

Re: Moving $380K in individual stocks to index fund

Would you take the $65K CGT hit and sell now to reinvest in VTSAX? Is there any reason to spread the sale out over time? The first thing I would do would be do dummy tax returns to figure out the exact details of the tax impact of various scenarios so there are not any surprises. There is a quote t...
by Watty
Mon Nov 18, 2019 8:47 pm
Forum: Personal Investments
Topic: When do you take it off the table?
Replies: 22
Views: 3672

Re: When do you take it off the table?

Our desired retirement is in 5 years and want a $110,000 annual spend with an additional $22,000 (122k total before tax) for healthcare until Medicare. One thing to watch out for is that your expenses will be different at different ages, and if one of you survives the other. I have seen relatives t...
by Watty
Mon Nov 18, 2019 7:54 pm
Forum: Personal Investments
Topic: 1-3 large stock holdings keeping me from reaching proper asset allocation - need advice
Replies: 14
Views: 894

Re: 1-3 large stock holdings keeping me from reaching proper asset allocation - need advice

It is all within SEP-IRA accounts. If I was to look at the percentage of the total stock market made up by Microsoft I may have quite a bit more because it makes up a good chunk of the Vanguard Stock funds too. Microsoft has done so well, for so long, that it's hard to really want to let it go and ...
by Watty
Mon Nov 18, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Process for surviving spouse.
Replies: 59
Views: 10386

Re: Financial To Do List for a surviving spouse.

I must have missed at least a dozen things. Doctor and dentist offices have to have authorization to talk over your health or billing with anyone else and they can be really strict on this because of the HIPAA laws. It would be good to sign the paperwork so someone like a kid would be authorized th...
by Watty
Mon Nov 18, 2019 5:48 pm
Forum: Personal Investments
Topic: How to Decide Between Roth Conversion and Cap Gains Harvesting?
Replies: 35
Views: 1499

Re: How to Decide Between Roth Conversion and Cap Gains Harvesting?

Thanks for the clarification, you are correct RubyTuesday, it's $25K in LTCG, so about $37.5K in stock. At a 15% capital gains tax rate the savings on that $25K is worth $3,750 but you might not actually end of selling the stock for decades if you don't sell it now. I didn't do the math but a $3,75...
by Watty
Mon Nov 18, 2019 12:39 pm
Forum: Personal Investments
Topic: What to do with this cash? Anything?
Replies: 10
Views: 999

Re: What to do with this cash? Anything?

I think the plan will be to eventually buy a house, maybe in 2-4 years. We living in a high cost of living area, but we are more into quality rather than quantity. ..... but we recently moved to a high cost of living area so we have scaled back on that since now our rent is obscene. There are lots ...
by Watty
Mon Nov 18, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Retiree couple seeking pointers on relocation
Replies: 7
Views: 774

Re: Retiree couple seeking pointers on relocation

The house market where I’m selling is very good and it probably sell with 90 days. How is the housing market where you are buying? I would highly recommend that you try to sell your current house and buy your next house so that you can move directly from one house to the other and not own two house...
by Watty
Mon Nov 18, 2019 11:08 am
Forum: Personal Investments
Topic: What to do with this cash? Anything?
Replies: 10
Views: 999

Re: What to do with this cash? Anything?

.....and I currently rent my apartment. What are your home buying plans? Buying a house or condo is not the right choice for everyone but if you plan on buying a house or condo in less than five years then your extra cash could just be your house fund. If so then just having the money in money mark...
by Watty
Mon Nov 18, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: At What Point Did You Realize You Made It?
Replies: 33
Views: 4509

Re: At What Point Did You Realize You Made It?

3. At what point did you realize you "made it"? For me it was during the 2008 financial crisis when my portfolio was way down. There was also a risk that I would be laid off with little chance of finding a similar job because almost no one was hiring people. My teenage son could not even get a mini...
by Watty
Mon Nov 18, 2019 9:52 am
Forum: Personal Investments
Topic: How to Decide Between Roth Conversion and Cap Gains Harvesting?
Replies: 35
Views: 1499

Re: How to Decide Between Roth Conversion and Cap Gains Harvesting?

You may get more useful responses if you post more of your information using this suggested format as a guiding but you don't need to follow it exactly. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 The problem is that your original post was sort of general and phrases like "into the 22%...
by Watty
Mon Nov 18, 2019 1:47 am
Forum: Personal Investments
Topic: How to Decide Between Roth Conversion and Cap Gains Harvesting?
Replies: 35
Views: 1499

Re: How to Decide Between Roth Conversion and Cap Gains Harvesting?

Also, assuming that the answer is to cap gains harvest, how would I deal with Vanguard's frequent trading policy, which prohibits repurchase of a fund for 30 days after a sale? I don't want $25K sitting in a money market fund for 30 days. I have not done it but many of the Vanguard mutual funds als...
by Watty
Mon Nov 18, 2019 1:18 am
Forum: Investing - Theory, News & General
Topic: Are individual stocks back on the table now that we have $0 commissions?
Replies: 52
Views: 3517

Re: Are individual stocks back on the table now that we have $0 commissions?

Even the best-managed mutual funds and ETFs have some level of turnover, but when holding individual stocks you don't have to turn over a single position until you wish to. Most index funds are also really good at avoiding capital gains distributions by using options and derivatives. Frankly I don'...
by Watty
Mon Nov 18, 2019 1:06 am
Forum: Personal Investments
Topic: A few mutual fund questions
Replies: 3
Views: 534

Re: A few mutual fund questions

For example, do I wait till a "down time" (when stocks are low - I wouldn't most likely know right now anyways) to purchase a mutual fund(s)? If you have a large amount of money, like a windfall that you just received then you need to decide between doing lump sum investing and dollar cost averagin...
by Watty
Sun Nov 17, 2019 11:48 pm
Forum: Personal Consumer Issues
Topic: Another Laptop Question
Replies: 29
Views: 1707

Re: Another Laptop Question

One thing to budget for is that you may need to buy new software for your new laptop if you need to have something like MS Office on it.

It is also possible that something like a very old printer or scanner may not work with the new PC but my impression is that is not common.
by Watty
Sun Nov 17, 2019 1:36 pm
Forum: Personal Investments
Topic: Obamacare limits investing opportunities?
Replies: 36
Views: 3244

Re: Obamacare limits investing opportunities?

Just FYI the income limits will also limit your ability to take long term capital gains in a taxable account in and have the 0% federal long term gain tax rate below a certain income.

Your part time work will also reduce the amount of capital gains you can take in the 0% LTCG tax bracket.
by Watty
Sun Nov 17, 2019 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 114
Views: 7064

Re: More retirees have a mortgage

I know a retired couple who have a mortgage. I don't often get into financial discussions with friends but I did ask them 'why' when they brought it up. They said because their financial advisor said it was a good idea. They didn't say why the advisor thought that and I'm not sure they knew. One bi...
by Watty
Sun Nov 17, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 114
Views: 7064

Re: More retirees have a mortgage

One thing that has not been mentioned is that the money that might be used to pay off a mortage should be invested with your normal asset allocation. For example the Vanguard Target Date Retirement Income fund is 70% bonds and 30% stocks. https://investor.vanguard.com/mutual-funds/profile/VTINX The ...
by Watty
Sun Nov 17, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: Gift Card Already Used?
Replies: 23
Views: 1723

Re: Gift Card Already Used?

I have one more $50 gift card to this restaurant that has never been used. If I go to use it and find out there is only $2 and change in it, and have the receipt of purchase where it states $50 was loaded on to it, I am still powerless and I'll be embarrassed because here is nothing the cashier or ...
by Watty
Sun Nov 17, 2019 8:42 am
Forum: Personal Consumer Issues
Topic: Help :- Need a power wheelchair
Replies: 20
Views: 1412

Re: Help :- Need a power wheelchair

glee273 wrote:
Sun Nov 10, 2019 12:17 am
Unfortunately dads not covered by insurance and Ill have to purchase this out of pocket.
It is the open enrolment period for ACA healthcare.

I don't know if insurance would cover this in his situation but if he does not have insurance then he should get signed up for it.
by Watty
Sun Nov 17, 2019 8:33 am
Forum: Personal Consumer Issues
Topic: Gift Card Already Used?
Replies: 23
Views: 1723

Re: Gift Card Already Used?

I no longer have that card,...... That is pretty much the end of the story, you are out the money. I agree with the other post that you may have used it instead of one of the other 5 cards that you had for the same restaurant and forgotten about it or gotten them mixed up. Just FYI, it would not ha...
by Watty
Sat Nov 16, 2019 9:01 pm
Forum: Personal Investments
Topic: Keeping my Co. 401k
Replies: 18
Views: 854

Re: Keeping my Co. 401k

Two things to consider. 1) The inheritance rules for a 401k will depend on the details of the 401k detailed documents and these can be a bit complex and less favorable than for an IRA. https://www.kitces.com/blog/non-spouse-beneficiary-stretch-of-inherited-ira-and-401k-or-403b-employer-retirement-pl...
by Watty
Sat Nov 16, 2019 8:21 pm
Forum: Personal Consumer Issues
Topic: Railing Vs Room on living area for Old Parents
Replies: 18
Views: 977

Re: Railing Vs Room on living area for Old Parents

Appreciate input! Even if you find a one story house with a great layout one thing to consider is that a typical suburban home can be very socially isolating for an older person especially if they have to give up driving. My Mom outlived my Dad and she insisted on staying in the suburban home that ...
by Watty
Sat Nov 16, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Railing Vs Room on living area for Old Parents
Replies: 18
Views: 977

Re: Railing Vs Room on living area for Old Parents

I'm not sure what you are talking about with "railings". Handrails are required by building code for any new home and there are a lot of specifics about just how they need to be constructed. I was recently replacing some handrails and I looked up the specifications. I don't know if there might be so...
by Watty
Sat Nov 16, 2019 9:41 am
Forum: Personal Investments
Topic: Why am I taking so much risk?
Replies: 44
Views: 4817

Re: Why am I taking so much risk?

I am 56 years old, and my asset allocation is approximately 50/50. I am ten years from retirement. For perspective the Vanguard Target Date 2030 fund which is designed for someone who is retiring in about ten years is 75% stocks and 25% bonds. https://investor.vanguard.com/mutual-funds/profile/VTHR...
by Watty
Fri Nov 15, 2019 9:25 pm
Forum: Personal Investments
Topic: Planning for sister-in-law's future after losing her father.
Replies: 15
Views: 1748

Re: Planning for sister-in-law's future after losing her father.

- Rents with multiple roommates, takes bus to work Just for brainstorming what do small houses, condos, or duplexes cost in your area? Having the roomates could be a good or bad thing for her but if you live in an area where she could buy a condo for $100K or so then that could pretty well lock in ...
by Watty
Fri Nov 15, 2019 8:52 pm
Forum: Personal Investments
Topic: Which SS strategy makes more sense?
Replies: 24
Views: 1852

Re: Which SS strategy makes more sense?

Something to keep in mind is that a dollar in Social Security can be worth a lot more than a dollar in investment income since it may be taxed less. 1) At most 85% of the Social Security would be taxed. Depending on your numbers it is possible that none of it would be taxed. https://www.bogleheads.o...
by Watty
Fri Nov 15, 2019 8:30 pm
Forum: Personal Investments
Topic: Mortgage? Pay cash?
Replies: 44
Views: 3172

Re: Mortgage? Pay cash?

....withdrawals from 55/45 investment accounts I assume that is 55% stocks and 45% bonds. That means that if you have a $123K 4% mortage then you would have an additional $123K in investments. 45% of that is $55K that would be invested at 2%. Borrowing money at 4% and investing almost half of it at...
by Watty
Fri Nov 15, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Contemplating early retirement
Replies: 7
Views: 783

Re: Contemplating early retirement

There is a wiki with a list of retirement calculators. https://www.bogleheads.org/wiki/Retirement_calculators_and_spending I would caution that there are so many unknowns with things like your expenses, investment returns, inflations, life expectancy, etc a very complex model may not be any better t...
by Watty
Fri Nov 15, 2019 10:57 am
Forum: Personal Investments
Topic: Rollover old employer 401k to FIDO or TSP?
Replies: 14
Views: 483

Re: Rollover old employer 401k to FIDO or TSP?

Two things on your portfolio. Desired International allocation: 25% of stocks 25% international is on the low side of what is typically recommended. I often see 30% or more. The Vanguard Target date funds also hold international bonds to get more international exposure but not everyone agrees with t...
by Watty
Fri Nov 15, 2019 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Study ranks 4,500 colleges by net present value of 40 year ROI
Replies: 52
Views: 6660

Re: Can you guess what this ranked list of colleges is? [40 year ROI by Net Present Value]

To keep this actionable, has anyone gone to one of the colleges in the article? How well does the article's data match your own? I have a Computer Science degree from to Missouri University of Science and Technology which was called University of Missouri-Rolla when I was there. It was ranked 42 in...
by Watty
Fri Nov 15, 2019 5:55 am
Forum: Personal Investments
Topic: If one is pessimistic about both stocks and bonds, does a SPIA make sense?
Replies: 64
Views: 3190

Re: If one is pessimistic about both stocks and bonds, does a SPIA make sense?

However, for reasons I cannot discuss here (political discussions are prohibited on this forum), I am pessimistic about both stocks and bonds going forward. When you are especially concerned about the risk the key is to be diversified not to "bet it all" on some asset class or SPIA that you think m...
by Watty
Fri Nov 15, 2019 5:34 am
Forum: Personal Investments
Topic: Entertainment fund
Replies: 10
Views: 675

Re: Entertainment fund

It might be fun to build a bond ladder and then have a rule that when the bond matures, you have to blow all the money. I am taking you at face value here. You could do the same thing with CDs. You could also make a rule that any money for that year that is not spent by December 31st will be donate...
by Watty
Thu Nov 14, 2019 10:15 pm
Forum: Personal Consumer Issues
Topic: Digitizing Old Family Photos
Replies: 32
Views: 2223

Re: Digitizing Old Family Photos

So, I would like to make copies of and then discard the original photos. Keeping them or not does not need to be a black or white choice. I would take a hard look at keeping the originals of a dozen or two of the most key photos. Even if you keep some you could still downsize by 90%+. One big probl...
by Watty
Thu Nov 14, 2019 7:44 pm
Forum: Investing - Theory, News & General
Topic: New high income job - what about IRAs, etc
Replies: 8
Views: 1570

Re: New high income job - what about IRAs, etc

Any other speed bumps for a new grad PhD - with no debt - but now has a double high income to deal with... Not learning the basics of investing and personal finance. People often start out posts with something like, "I wish I had learned about investing earlier." You might point him to the getting ...
by Watty
Thu Nov 14, 2019 5:39 pm
Forum: Personal Consumer Issues
Topic: Consequence of senior not paying phone bill and closing account
Replies: 31
Views: 1854

Re: Consequence of senior not paying phone bill and closing account

Bill was $500. Just pay it. She made the calls. In an odd sort of way it might even be a good thing as a learning experience for your Mom since older people are often targets of scams and this will help make her real cautious. If you do not pay it it will not just go away and she will need to deal ...
by Watty
Thu Nov 14, 2019 5:28 pm
Forum: Personal Consumer Issues
Topic: Bigger car for baby?
Replies: 62
Views: 2636

Re: Bigger car for baby?

2 bases and one seat. Each base is secured in each car. Easy for one to drop off and the other to pick up. Multiple bases is the way to go. We even have the bases for our grandkids car seats in one of our cars in case we need to pick them up That would be 3 bases for one seat since each of the pare...
by Watty
Thu Nov 14, 2019 5:21 pm
Forum: Personal Consumer Issues
Topic: Bigger car for baby?
Replies: 62
Views: 2636

Re: Bigger car for baby?

We are having our first baby next month. You are overthinking this which is common for first time parents. You do not have any urgent need for a different car now so put any thoughts about that on the back burner for now. Get more sleep now instead of car shopping, you will need it. :D In addition ...
by Watty
Thu Nov 14, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another pension vs lump sum Q, with a twist
Replies: 6
Views: 467

Re: Yet another pension vs lump sum Q, with a twist

Any thoughts, or other ways I should be looking at this? A couple couple of things to consider. 1) It would be good for you and your spouse to have a good physical to find out if your have any health issues that might impact your life expectancy. 2) Find out what happens to the money if you both di...
by Watty
Thu Nov 14, 2019 4:22 pm
Forum: Personal Consumer Issues
Topic: Consequence of senior not paying phone bill and closing account
Replies: 31
Views: 1854

Re: Consequence of senior not paying phone bill and closing account

How much is the phone bill? +1 "huge" could be a couple of hundred dollars or thousands of dollars. It is also important if this is different than prior bills for calls to Japan or if this was something with a new service provider. If it is a couple of hundred dollars with a new company then go on ...
by Watty
Thu Nov 14, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Convert Trad to Roth or Not
Replies: 10
Views: 684

Re: Convert Trad to Roth or Not

There are a couple of other factors to consider; 1) The way Social Security is taxed is complicated and can put you into a higher than expected tax bracket. https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits 2) Under current tax laws an over 65 married couple can have over $100K in...
by Watty
Thu Nov 14, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 66
Views: 6359

Re: Equal Inheritance for Children

If you "cant afford" to give both children 15k per year, how are you sure there will be sufficient money left upon your demise to ensure this equality you seek? Or even support yourself if you live exceptionally long. There is a 50% chance that you will live longer than your life expectancy so I wo...
by Watty
Thu Nov 14, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: What are the best jobs to downshift into?
Replies: 32
Views: 4290

Re: What are the best jobs to downshift into?

Plz wrote:
Thu Nov 14, 2019 4:40 am
....working at a golf course.
One problem with this is that you may be required to work a lot of weekends, holidays, and early or late hours.

It may also be seasonal work if you live in an area that has a significant winter.
by Watty
Thu Nov 14, 2019 12:25 am
Forum: Personal Investments
Topic: Winning the Game - Reducing Risk
Replies: 49
Views: 6599

Re: Winning the Game - Reducing Risk

Appreciate any insight you have, thanks! ... No debt. Currently a renter. One way to declare that you have won the game and to take some money off the table is to have a paid off house. There are lots of reasons that buying a house might not be right for you now but you could set up a conservative ...
by Watty
Wed Nov 13, 2019 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: adult child moving back
Replies: 34
Views: 5149

Re: adult child moving back

2. I'm revising my LRT, and the new elder care attorney suggests lifetime trust for her with independent fiduciary (fiduciary because too much to ask of a good friend), as well as neuropsych evaluation for daughter to decide about her special needs. One of the biggest mistakes with paying for profe...
by Watty
Wed Nov 13, 2019 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: Employer requesting increased travel
Replies: 36
Views: 2949

Re: Employer requesting increased travel

Right now I travel about 4 nights a month. So basically a full week each month. I (32) and my wife (33) have a 4 and 2 year old at home. She works part-time. One great thing about being married is that you can blame your spouse. Seriously just tell them that traveling more while you have two presch...