Search found 9620 matches

by Watty
Thu Jan 19, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: ok to pull plug and retire?
Replies: 30
Views: 3157

Re: ok to pull plug and retire?

In round numbers $10,000,000/50 years is $200,000 a year. If you can just keep up with inflation you will be fine. Financially it is a slam dunk easy yes. It would be good to have a clear vision of what your retirement will look like though. There will be few other people your age that are available...
by Watty
Thu Jan 19, 2017 11:42 am
Forum: Investing - Theory, News & General
Topic: Target Date Fund - Retirement Years
Replies: 29
Views: 2402

Re: Target Date Fund - Retirement Years

I am doing something not yet mentioned- please poke me if this sounds "unsound". Between my wife and myself we have multiple accounts from our first careers, then our mid careers and our current one. I have simplified things by culling out the "runts" and am down to 3 different ...
by Watty
Wed Jan 18, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Not bad for a community organizer
Replies: 8
Views: 992

Re: Not bad for a community organizer

Posting a link without a few comments is also not very useful.
by Watty
Wed Jan 18, 2017 12:44 pm
Forum: Personal Consumer Issues
Topic: Spring Break Family trip advise
Replies: 6
Views: 490

Re: Spring Break Family trip advise

I have had good luck with using Marriott points for a low point cost room at the Courtyard in Melbourne Florida so getting two rooms would be reasonable there. It is about a ten minute drive to the beach. It is quite but the hotel is on a busy road with strip malls so that might not be what you are ...
by Watty
Wed Jan 18, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is it ok to stop contributing to retirement accounts?
Replies: 6
Views: 1318

Re: Is it ok to stop contributing to retirement accounts?

Does he get a match on his retirement contributions? If so at least put in enough to get this. If it were me I'd contribute less but still put in a little. As raises come in then raise it up what you save with each raise. Regardless of your situation if you can live on less than what you make you a...
by Watty
Wed Jan 18, 2017 11:00 am
Forum: Investing - Theory, News & General
Topic: Using "worst case" portfolio results to help determine asset allocation - yea or nay?
Replies: 16
Views: 991

Re: Using "worst case" portfolio results to help determine asset allocation - yea or nay?

What you need to consider is what options you have, if any, that you could exercise if the worst case shows up so that your plan doesn't blow up. For example, you could take more risk if you could cut expenses, move to lower cost of living area, perhaps work longer than planned (assuming economy al...
by Watty
Wed Jan 18, 2017 10:28 am
Forum: Investing - Theory, News & General
Topic: Assessing risk in rent vs buy decision
Replies: 11
Views: 685

Re: Assessing risk in rent vs buy decision

over our expected 4 years in the home. That makes it simple. Four years is way too short a time to own a home. Housing market are pretty good in most areas right now and people forget that in addition to strong home prices that also makes it easy a quickly to sell a house. In a down housing market ...
by Watty
Wed Jan 18, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Opened Dependent HSA by accident
Replies: 9
Views: 552

Re: Opened Dependent HSA by accident

If she works for a large company then I would encourage her to go down to the HR department in person(not over the phone) and talk to them about it. In my experience there is usually someone named "Martha" or "Harry" that will be informally be able to fix obvious mistakes like li...
by Watty
Wed Jan 18, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: The wisdom of buying a car that doesn't depreciate (much)
Replies: 24
Views: 2625

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

Some factors to consider in your decision; 1) If you put an extra $10,000 into a car and manage to get it back in five years then you will have lost five years of investment income. 2) If you keep a car for five years then sell it for the same price then there might have been 2% inflation each year ...
by Watty
Wed Jan 18, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on sign-on bonus check
Replies: 31
Views: 2731

Re: Taxes on sign-on bonus check

The check may be an interest free loan that will be forgiven after he completes six months or a year on the job. What makes me suspect that is that it sounds like they didn't withhold any Social Security or Medicare from the check and they would always do that for taxable wages. The reason it might ...
by Watty
Wed Jan 18, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Investing at times of job insecurity/unemployment
Replies: 14
Views: 1355

Re: Investing at times of job insecurity/unemployment

Have to say I'm a bit surprised that some seem to be recommending going to 100% cash (??) if job loss is expected. If you reread the thread I don't think that anyone suggested selling your current investments, it was more to keep any new money in cash. Part of the confusion might be that we don't k...
by Watty
Wed Jan 18, 2017 12:37 am
Forum: Investing - Help with Personal Investments
Topic: Alternative investments to prepaying Mortgage
Replies: 14
Views: 1295

Re: Alternative investments to prepaying Mortgage

But in the end, I'm not sure if it makes much difference -- and I'm probably overanalyzing it. There really isn't a lot on "meat on the bone" even if things go right with not paying it off and investing the money since the mortgage only last five more years. If it was a 30 year fixed loan...
by Watty
Wed Jan 18, 2017 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Determining max amount to spend on a house?
Replies: 5
Views: 712

Re: Determining max amount to spend on a house?

There is a wiki an paying off debt vs investing https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing Be sure to budget for earthquake insurance or the cost of risk that you will have earthquake damage without earthquake insurance. I lived in the Bay Area a long time ago and when I was ...
by Watty
Tue Jan 17, 2017 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: When is a 401k not worth it?
Replies: 32
Views: 1949

Re: When is a 401k not worth it?

There is a section in the 401k wiki that walks you through the math of deciding when it is too expensive.
https://www.bogleheads.org/wiki/401(k)#Expensive_or_mediocre_choices
by Watty
Tue Jan 17, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative investments to prepaying Mortgage
Replies: 14
Views: 1295

Re: Alternative investments to prepaying Mortgage

The part that is missing from the analysis is how you will pay the monthly mortgage payment each month if you keep the mortgage. In order to buy a bunch of muni funds that matured in time to pay the mortgage payment you would need to also buy a funds that matured in the years 1 to 4 as well and thos...
by Watty
Tue Jan 17, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Loaning $$$ to Vendor
Replies: 25
Views: 1064

Re: Loaning $$$ to Vendor

I will give an example on how the repayment is going to work We will be ordering $3.5K worth of goods from the vendor this week. That will be due in 30 days. So we are not going to pay for it and will be deducted from the loaned amount. So 20% of 3.5k is $700 .The due amount then becomes $2800 and ...
by Watty
Tue Jan 17, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Amount needed for retiring this year
Replies: 11
Views: 1649

Re: Retirement Amount needed for retiring this year

abjo wrote:
carolinaman wrote:Does the $9,000 monthly expense include all income taxes or are they to be added on?

9000 includes prop taxes, health insurance ($1000/- per person per month) and rightsized home.


What about income taxes?

Does that include any pensions that would be reduced if one of you dies?
by Watty
Tue Jan 17, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Investing at times of job insecurity/unemployment
Replies: 14
Views: 1355

Re: Investing at times of job insecurity/unemployment

Curious to know how people have dealt with similar situations... When ever I have been a job that had layoffs the thing I looked at was to see if the layoff actually fixed the problem or if it was just a band aid. This does not sound like a periodic round of layoffs for house cleaning, of a fix for...
by Watty
Tue Jan 17, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Loaning $$$ to Vendor
Replies: 25
Views: 1064

Re: Loaning $$$ to Vendor

I would start shopping for a different supplier.

If they are that desperate for a loan then they will likely be out of business soon.
by Watty
Tue Jan 17, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Just sold my home and looking to invest proceeds
Replies: 17
Views: 1153

Re: Just sold my home and looking to invest proceeds

tehprince wrote:Another factor in the mortgage, is we are not planning on staying there past 5-7 years from now. Would that alter the opinion of paying down the mortgage faster?


That would make paying down the mortgage an even easier choice since it would be like buying a risk free 3% CD.
by Watty
Tue Jan 17, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Just sold my home and looking to invest proceeds
Replies: 17
Views: 1153

Re: Just sold my home and looking to invest proceeds

Personally, I make sure I can maximize the tax-advantaged accounts (401k, IRA, HSA, etc.) each year ..... +1 on maxing on your all your retirement account. With a new baby due in a few months I would just put the money into a six month CD until the baby is born and things settle down. If both of yo...
by Watty
Tue Jan 17, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Should I contribute to tiny (part-time job) 401(k)?
Replies: 14
Views: 971

Re: Should I contribute to tiny (part-time job) 401(k)?

BUT, given that I am over the income threshold for IRA deductibility if you have a 401(k), my concern is that I'll earn a very small amount from this job ($500?) and then be made ineligible to deduct my IRA contributions because of having contributed to a workplace retirement plan I am not a tax gu...
by Watty
Tue Jan 17, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Put all your eggs in the market?
Replies: 11
Views: 981

Re: Put all your eggs in the market?

Buying a rental property might not give you as much diversification as you might be thinking. You may already own a home with a mortgage so buying an investment property in the same city could mean that you have a high percentage, or even over 100%, of your net worth in real estate in the same housi...
by Watty
Tue Jan 17, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?
Replies: 65
Views: 3591

Re: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?

This is a lose/lose situation because the possible outcomes are; 1) You get unlucky and lose some money. 2) You get lucky and make some money, but that then sets you up for doing it again with more money and you could lose a significant amount of money. One thing that you need to do with this is to ...
by Watty
Tue Jan 17, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Interviewing Candidates That Will Be Your Boss
Replies: 16
Views: 1337

Re: Interviewing Candidates That Will Be Your Boss

What are some probing questions that you'd suggest? After the interview you will likely be asked about your impression of the persons technical or business knowledge in your field since you may be better able to to evaluate that than the hiring manager. That can also show your future manager that y...
by Watty
Tue Jan 17, 2017 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Traditional or Roth 401(k)?
Replies: 10
Views: 318

Re: Traditional or Roth 401(k)?

With your tax bracket and age the traditional is a pretty easy choice. Some considerations that people sometimes miss; 1) You have about 30 years until the traditional retirement age and you could have life or career setbacks that would cause you to retire in a lower tax bracket. It is also possible...
by Watty
Tue Jan 17, 2017 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Help with widowed mother portfolio
Replies: 13
Views: 681

Re: Help with widowed mother portfolio

Yep, I've discussed the three-fund portfolio with her and I think we'll eventually get there. If she does not have a lot in the taxable account then using a target date retirement fund would be another good choice and that would make the portfolio easier to manage if something happens to you. At Fi...
by Watty
Tue Jan 17, 2017 12:45 am
Forum: Investing - Help with Personal Investments
Topic: Asset Location at the 15% tax bracket?
Replies: 15
Views: 1626

Re: Asset Location at the 15% tax bracket?

My question: Having read the wiki and multiple threads I'm still confused about whether at the 15% bracket it makes any difference if Roth or Traditional is used for bonds or stocks. A couple of things to keep in mind; If one of you survives the other then there is a good chance that they will end ...
by Watty
Mon Jan 16, 2017 10:27 pm
Forum: Personal Consumer Issues
Topic: Durable photo printer ?
Replies: 32
Views: 1113

Re: Durable photo printer ?

Be sure to check out the ink price. It looks like it takes 8 ink cartridges and a full set cost about $123

https://www.amazon.com/Canon-CLI-42-PK- ... B00ALMJT04
by Watty
Mon Jan 16, 2017 9:57 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall Advice for a Taxable Account
Replies: 14
Views: 1327

Re: Windfall Advice for a Taxable Account

Age: 27 Desired Asset allocation: 90% stocks / 10% bonds Desired International allocation: 15% of stocks That is a reasonable asset allocation for retirement money, the problem is that a lot of the money will likely be used for something other than retirement. For example 1) Collage costs 2) Buying...
by Watty
Mon Jan 16, 2017 9:16 pm
Forum: Investing - Help with Personal Investments
Topic: Should I pay off my mortgage?
Replies: 15
Views: 1138

Re: Should I pay off my mortgage?

An alternative to consider would be to see if your lender will "recast your mortgage"(Google this) if you pay off 50% of your loan or whatever percentage works for you. They are not required to do this but they usually will for a processing fee of a couple of hundred dollars. This would re...
by Watty
Mon Jan 16, 2017 7:54 pm
Forum: Personal Consumer Issues
Topic: Biting the bullet and getting off the roof.
Replies: 30
Views: 3243

Re: Biting the bullet and getting off the roof.

One consideration is how old your roof an gutters are. If they are not real new then you may have a limited amount of time before they will need to be replaced. You may want to wait until the next time you replace the roof an gutters. My suggestion is to just hire someone each Fall, after the leaves...
by Watty
Mon Jan 16, 2017 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a house from a colleague
Replies: 22
Views: 1332

Re: Thoughts on buying a house from a colleague

My wife and I have been passively looking online at houses in our town, with the idea of moving in approximately 5 year Over the next five years there will likely be hundreds of potential houses for sale in your area and the odds that this random house is the best house for you out of hundreds of h...
by Watty
Mon Jan 16, 2017 3:55 pm
Forum: Investing - Theory, News & General
Topic: Target Date Fund - Retirement Years
Replies: 29
Views: 2402

Re: Target Date Fund - Retirement Years

So, bogleheads, are any of you that are in retirement actually using a target date retirement fund as to satisfy your income requirements? The biggest reasons to not use a target date fund are; 1) You have significant funds in a taxable account so you need to use multiple funds for tax reasons. 2) ...
by Watty
Mon Jan 16, 2017 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: If I decide to overpay on mortgage payment
Replies: 43
Views: 3702

Re: If I decide to overpay on mortgage payment

It would be best to call the lenders 800 number and ask them about how they treat prepayments. It also matters if the mortgage has a fixed or variable rate. If it has a variable rate then the required loan payment might change based on the remaining principal balance the next time the rate changes. ...
by Watty
Mon Jan 16, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doin?
Replies: 31
Views: 2708

Re: How am I doin?

I would suggest you go on less vacations and save more until you have a more solid base. I would disagree with this. It really depends on how much you are spending on the vacations. The gradeschool and preschool years are in someways a special times for family outings when the kids will want to spe...
by Watty
Mon Jan 16, 2017 12:09 pm
Forum: Personal Consumer Issues
Topic: Vacationing in Florida (Advice Requested)
Replies: 22
Views: 1649

Re: Vacationing in Florida (Advice Requested)

Going to the beach in February there will be hit or miss with the weather since it might not really be all that warm so it would be good to have cool weather plans too. If you have a rental car then going up to see the Manatees would be worth while in a low key sort of way. https://www.tripadvisor.c...
by Watty
Mon Jan 16, 2017 11:37 am
Forum: Personal Finance (Not Investing)
Topic: How am I doin?
Replies: 31
Views: 2708

Re: How am I doin?

A few of my friends have mentioned lowering my 529 contributions, and putting money into a brokerage account for the kids future education? Then when they start going to college, cash flow as much of the tuition as possible before dipping into 529 or the brokerage account....then giving them the re...
by Watty
Mon Jan 16, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: How am I doin?
Replies: 31
Views: 2708

Re: How am I doin?

A couple of thing you didn't mention but you might already have are; 1) Large Emergency fund. The $20K that you have in cash is not even a months income for you. 2) Lots of life insurance on both you and your wife 3) Good disability insurance, with emphasis on "good". Be sure to look at al...
by Watty
Mon Jan 16, 2017 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Sinning with non-USA bank USD CDs
Replies: 14
Views: 1188

Re: Sinning with non-USA bank USD CDs

Thanks to all. I've decided to go with a CD in an USA FDIC insured bank. We don't NEED the extra cash yield and DON'T need to take this unnecessary risk. The whole idea of reducing equity from 60% to 40% was to play more defense. Not playing offense with defensive cash. One thing to watch out for i...
by Watty
Sun Jan 15, 2017 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Sinning with non-USA bank USD CDs
Replies: 14
Views: 1188

Re: Sinning with non-USA bank USD CDs

People got burned badly trying to get a higher yield in Iceland and Cyprus.

https://en.wikipedia.org/wiki/2008%E2%8 ... ial_crisis

https://en.wikipedia.org/wiki/2012%E2%8 ... ial_crisis

I don't know what the right answer is but I would be very cautious.
by Watty
Sun Jan 15, 2017 7:41 pm
Forum: Personal Consumer Issues
Topic: Online legal service/form - simple will?
Replies: 12
Views: 676

Re: Online legal service/form - simple will?

With having kids you really should have a lawyer help you but it does not need to be real expensive. In addition to the wills you also need a couple of power of attorneys and medical directives. I used a very affordable LegalZoom bundle that cost a couple of hundred dollars but we did not set up a t...
by Watty
Sun Jan 15, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 4306

Re: Retired, expenses covered but still growing portfolio, why?

I don't fit your description but I retired in 2015 and I find that I already have too much "stuff" so I have few things that I would want to buy.
by Watty
Sun Jan 15, 2017 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Value of House in Planning for Retirement
Replies: 46
Views: 3017

Re: Value of House in Planning for Retirement

My 3% figure is a low estimate of historic norms over the long haul. Another thought on this. There are other factors which causes the math to get complicated real quick. For example you also need to consider that you might be paying 4% interest on a mortgage and in the early years that could be mo...
by Watty
Sun Jan 15, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Does it sound like my employer trying to push me out?
Replies: 60
Views: 5747

Re: Does it sound like my employer trying to push me out?

I retired out of corporate IT in 2015 when I was 59 after about 35 years in various forms of software development. It is hard to tell what is really going on in your company but one huge problem is the the longer you are not doing serious software development then the less employable you will be in ...
by Watty
Sun Jan 15, 2017 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Value of House in Planning for Retirement
Replies: 46
Views: 3017

Re: Value of House in Planning for Retirement

My 3% figure is a low estimate of historic norms over the long haul. Over the long haul the price appreciation of a specific house is about -100% since it will get old and eventually be torn down and in many cases the lot may not be worth the demolition costs. There will be exceptions of course but...
by Watty
Sun Jan 15, 2017 1:58 am
Forum: Investing - Help with Personal Investments
Topic: Value of House in Planning for Retirement
Replies: 46
Views: 3017

Re: Value of House in Planning for Retirement

Your home equity is clearly part of your net worth but you have to be careful if you start thinking of the house as being part of your investments. The problem is that if you did not live in the house then you could be renting it out and getting the rental income. By living in it you are taking most...
by Watty
Sat Jan 14, 2017 8:55 pm
Forum: Personal Consumer Issues
Topic: Upgrade or just buy new? [Computer]
Replies: 44
Views: 2419

Re: Upgrade or just buy new? [Computer]

You can get a heck of a computer now for less than $400 and you may even get an extended warranty with some credit cards. If you are on a real tight budget then there a couple of things you could still do; 1) Format the drive then restore it to the last backup, but I would assume that you don't have...
by Watty
Sat Jan 14, 2017 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Young Investor, small windfall
Replies: 12
Views: 1730

Re: Young Investor, small windfall

It sounds like you are doing the right thing by allocating part of your payout to your brother, who it was likely intended to help pay for. I would not use the money for a down payment either and use it to directly cover expenses related to your brother while he is under your guardianship. +1 There...
by Watty
Sat Jan 14, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: New vs. Used Car Purchase
Replies: 26
Views: 1739

Re: New vs. Used Car Purchase

Buying new is always a waste of money. I disagree. Buying new can make sense in many cases. 1. You must get a good deal. Do not fall for features and add ons you do not need. 2. You can get the exact car you want and need (both short term and for future needs/desires). Get the features that are imp...

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