Search found 10907 matches

by Watty
Fri Aug 18, 2017 10:07 pm
Forum: Personal Consumer Issues
Topic: Media storage solutions
Replies: 16
Views: 698

Re: Media storage solutions

I have about 10 terabytes of digital media (movies, TV, music) that I am looking for storage options for. I would think that a high percentage of that never changes. I would separate the static stuff on a separate drive then back it up once on an external USB drive that you could keep in a differen...
by Watty
Fri Aug 18, 2017 9:39 pm
Forum: Personal Consumer Issues
Topic: Where to View Total Eclipse? - Kansas City / Nashville et al
Replies: 98
Views: 6116

Re: Where to View Total Eclipse? - Kansas City / Nashville et al

One thing to keep in mind if there are light clouds where you are at is that the shadow of the eclipse can cause cooling of 5 to 15 degrees and in some situations this can cause some types of clouds to clear. And maybe hope for a little luck: As the moon begins to partially cover the sun, a phenomen...
by Watty
Fri Aug 18, 2017 9:18 pm
Forum: Personal Consumer Issues
Topic: Hotel availability for eclipse
Replies: 8
Views: 794

Re: Hotel availability for eclipse

If anyone is still looking for a hotel room in the totality zone, some rooms are becoming available at places that were completely booked up months ago. Much to my surprise, this morning I was able to reserve a room at a fairly nice hotel for the night before the eclipse due to some last minute can...
by Watty
Fri Aug 18, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone roll their tIRA into the TSP?
Replies: 32
Views: 1333

Re: Anyone roll their tIRA into the TSP?

One thing to watch out for is that the TSP has different and in some situations much less favorable inheritance rules than an IRA. For example if a spouse inherits a TSP and then the spouse leaves it to a kid, the kid cannot roll the money into an inherited IRA and has to withdraw all the money whic...
by Watty
Fri Aug 18, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Debt collector called, should we call them back?
Replies: 15
Views: 1856

Re: Debt collector called, should we call them back?

I have done both, but when you do they will try to get you to give them information like your Social Security. Give them no information since you do not know what they will do with it. Not giving them any information is normal so they are used to it. They will then ask you something like does your S...
by Watty
Thu Aug 17, 2017 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: Should I roll over my old 401k?
Replies: 9
Views: 660

Re: Should I roll over my old 401k?

If it is an old 401k from before when you were married and you roll it into an IRA you could be mixing it with post marital money and that could cause it to be split in a divorce but that depends on your state laws and a lot of other details. One thing to be careful of is that the inheritance rules ...
by Watty
Thu Aug 17, 2017 9:58 pm
Forum: Personal Consumer Issues
Topic: Want to give money to relative traveling int'l - options?
Replies: 19
Views: 1039

Re: Want to give money to relative traveling int'l - options?

WildBill wrote:
Thu Aug 17, 2017 9:28 pm
Howdy

American Express Traveler's checks. Good everywhere.

Free replacement if lost or stolen.

Happy traveling

W B
I have not used a traveler's check for at least 25 years but the last I heard they are VERY difficult to cash because they are widely counterfeited.
by Watty
Thu Aug 17, 2017 9:21 pm
Forum: Personal Consumer Issues
Topic: Want to give money to relative traveling int'l - options?
Replies: 19
Views: 1039

Re: Want to give money to relative traveling int'l - options?

just write them a check or make a transfer into their account, but I'd prefer not to do that since I would prefer that it be a bit of a surprise. Just go ahead and do this, they will be just be surprised a bit earlier. One advantage of giving it to them earlier is that they may be able to afford to...
by Watty
Thu Aug 17, 2017 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: New job, life changes
Replies: 25
Views: 1576

Re: New job, life changes

Do I max out of my 401k? Yes, you will never miss the money since you are not used to it. What do we do the the increase of income? A couple of things; 1) Build up an emergency fund. 2) Start saving up a bit from each paycheck into a separate car fund to pay cash for your next car. 3) Start saving ...
by Watty
Thu Aug 17, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with $70,000?
Replies: 2
Views: 566

Re: What to do with $70,000?

I considered paying off car but I believe I can make more than 1.75% in the stock market with index funds. Over ten or more years that sounds reasonable but the problem is that that you will have a sequence of returns risk and your investments could go down 20% next year. I would pay it off then sa...
by Watty
Thu Aug 17, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should we pay off the house before the baby arrives?
Replies: 11
Views: 862

Re: Should we pay off the house before the baby arrives?

I big piece of information that is missing is how much money you will have in your taxable accounts after you pay off the mortgage. If it would not be a lot then you could be "house poor" after paying it off. If you would have a couple of hundred thousand dollars in your taxable account after paying...
by Watty
Thu Aug 17, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for 82 yr old widow in TN
Replies: 20
Views: 1301

Re: Asset Allocation for 82 yr old widow in TN

One thing that you should do is to make sure that there is a contingency plan to manage her finances if something happens to you. Some companies are apparently picky about letting you use a power of attorney and in some cases it sounds easier to have that set up using their forms. It would be good t...
by Watty
Thu Aug 17, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: popcorn ceiling, removal or drywall over it?
Replies: 41
Views: 2516

Re: popcorn ceiling, removal or drywall over it?

I looked what to do a house once but I never did it. As I recall there is a special very thin drywall that you can put on the ceiling so that is does not add much thickness. One issue is that all the electric junction boxes for the light fixtures will either need to repositioned or have some sort of...
by Watty
Thu Aug 17, 2017 8:23 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 139
Views: 6277

Re: Is it worth it?

Is it worth it? It really depends on the details. Sometimes you "do what you gotta do" to make ends meet and we don't know if you are a blue collar couple working hard to live in an expensive area or a couple of highly paid people that are just saving a lot and driving BMW's. When looking at choice...
by Watty
Thu Aug 17, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Help with mortgage rates-closing soon!
Replies: 11
Views: 872

Re: Help with mortgage rates-closing soon!

Which is a reliable source for current rate for renegotiation purpose? I had a loan like that and I think it was called a "float down option". With that the rates the other lenders are offering really don't matter and there is no negotiating now. You basically call your lender and ask what their ra...
by Watty
Wed Aug 16, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 119
Views: 6944

Re: Anyone planning on never retiring?

I got a college degree and then worked in the same field for about 35 years.

There were of course changes and new problems to solve but after 35 years it was not exactly exercising the brain a lot to do a new version of something I had done 30 years before.
by Watty
Wed Aug 16, 2017 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Novice needing help
Replies: 5
Views: 404

Re: Novice needing help

+1 on using a target date fund. They are actually a great choice in a retirement account in the right situation. People sometimes assume that they are some sort of dumbed down Investing for Dummies choice that needs to be improved on. The two main reasons not to use then are; 1) You do not have acce...
by Watty
Wed Aug 16, 2017 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: Questions?? Need progress with AA
Replies: 10
Views: 703

Re: Questions?? Need progress with AA

1. Where to put $88k emergency fund money?? There is a wiki that has some general guidelines. https://www.bogleheads.org/wiki/Emergency_fund There is not really good choice with interest rates being so low. ' 2. How do I weigh out the “taxable” dividend income received on emergency fund money in a ...
by Watty
Wed Aug 16, 2017 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: RMDs
Replies: 4
Views: 662

Re: RMDs

One other thing you can do when the RMD's start is to change the mutual funds to not automatically reinvest the dividends so that at least part of the RMD in cash when you are ready to make the withdrawal.
by Watty
Wed Aug 16, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Tax question about selling my house
Replies: 17
Views: 1294

Re: Tax question about selling my house

Just a wild guess but maybe they were thinking that your state taxes might handle the homeowners capital gains exclusion differently.

There will likely be some issues with the condo's taxes when you eventually sell because it was a rental for three years but that is a different question.
by Watty
Wed Aug 16, 2017 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Vehicle to Help Stay on Track
Replies: 2
Views: 215

Re: Investment Vehicle to Help Stay on Track

There is not anything that says that you have to have internet access to your accounts. I would assume that you could call your company's 800 number and ask them to permanently disable your internet account. That would mean that any transactions would need to be done by phone mail. It wasn't all tha...
by Watty
Wed Aug 16, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 5
Views: 739

Re: How am I doing?

- 80k in cash (in credit union earning .50% for 1/2 and 1.5% in CD for other 1/2 at Ally Bank) .... - owe on 2 cars (about 14k total) You should pay the cars off and then start saving your "car payment" to be able to pay cash for your next car. Even if they are at zero percent the income from the m...
by Watty
Wed Aug 16, 2017 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: Buy + hold to avoid being priced out in the Bay Area?
Replies: 20
Views: 1737

Re: Buy + hold to avoid being priced out in the Bay Area?

- around 400K HHI (excluding any investment gains/401K matches) = 20K take home a month net of taxes/401K/medical etc. ....... - $20M+ in startup equity in a Series C startup - not counting on this at all in our financial planning There zero percent chance that you will be priced out of the Bay Are...
by Watty
Wed Aug 16, 2017 9:03 am
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 70
Views: 6258

Re: Study: The Rate of Return on Everything, 1870-2015

What’s unique about this new paper is that the researchers have assembled total return data on housing (as an investment, including rental income and capital appreciation) for 16 advanced countries over a nearly 150-year period. I have not read the paper but one thing to remember is that in 1870 th...
by Watty
Wed Aug 16, 2017 8:46 am
Forum: Investing - Help with Personal Investments
Topic: bitcoin makes you rich
Replies: 22
Views: 2446

Re: bitcoin makes you rich

A few things you might read, https://en.wikipedia.org/wiki/Tulip_mania https://en.wikipedia.org/wiki/Greater_fool_theory I have no clue and confusing I fundamental rule of investing, and even gambling, is to never invest or gamble with something that you do not understand. There is a quote 'If you'v...
by Watty
Tue Aug 15, 2017 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Rent Out or Sell My Condo...
Replies: 21
Views: 1881

Re: Rent Out or Sell My Condo...

Nobody really discussed much about depreciation and deducting expenses. Won't that make renting more attractive? Those would be an "it depends" factor which is why you need to have a good business plan and professional tax advice. Be sure to ask your account about what happens to the depreciation i...
by Watty
Tue Aug 15, 2017 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Taking over from financial advisor - help getting off the ground
Replies: 13
Views: 1256

Re: Taking over from financial advisor - help getting off the ground

I noticed your EPdoc user name. If you are a doctor you should check out the White Coat Investor web site that is run by a doctor that is a regular poster here.

https://www.whitecoatinvestor.com/
by Watty
Tue Aug 15, 2017 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: € 20,000-portfolio-idea - reasonable or not?
Replies: 6
Views: 594

Re: € 20,000-portfolio-idea - reasonable or not?

What, in your opinion, would be the downside of this portfolio, or, which one could be more adequate for my investment goal of relatively high return & relatively low risk? Lack of diversification. Even if you are right about the small cap value stocks then you would not get much benefit out of per...
by Watty
Tue Aug 15, 2017 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 5194

Re: Plan for making child pay for part of college

Part of why there are so many different stories is that in addition to parents situations being very different every kid is different. Every college is different too. The posts of stories where students were able to great under pressure are fantastic but when you get into it the nitty gritty of gett...
by Watty
Tue Aug 15, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Family Tree Template?
Replies: 9
Views: 785

Re: Family Tree Template?

I am researching my family tree too and I would highly recommend the RootsMagic software for you since you can download a free version that will likely have all the functionality that you would need for a simple family tree like that. It is a not trial version that is limited to a certain number of ...
by Watty
Tue Aug 15, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: please help...am I overextended - first home
Replies: 76
Views: 5555

Re: please help...am I overextended - first home

What are you presently paying for housing? If you are renting and your rent is close to the mortgage amount that shows you can manage that monthly payment but you do need to get rid of the 401K loan. If the 401K loan isn't for the down payment you should get rid of it before you buy, I'd consider r...
by Watty
Tue Aug 15, 2017 1:44 pm
Forum: Personal Consumer Issues
Topic: Is $9000 too much for a sectional sofa ?
Replies: 123
Views: 6391

Re: Is $9000 too much for a sectional sofa ?

nd part of that is replacing our old nasty crappy furniture in a few rooms...... 2. Is it prudent to spend $9k on something that our teenage kids could wreck in a second, spill chocolate milk, red koolaid, etc. The reason that your old furniture looks so bad may have been as much due to the hard us...
by Watty
Tue Aug 15, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: 27y/o w/ 150k debt buying 685k house
Replies: 41
Views: 4169

Re: 27y/o w/ 150k debt buying 685k house

2012heel wrote:
Tue Aug 15, 2017 1:03 pm
told me today he is closing on $685k house in two week
It is really too late to say anything and if you did it would just add stress to his life and make things worse. If was also not clear if he was asking for your advice.

Just congratulate him and ask him if he needs any help in moving.
by Watty
Tue Aug 15, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Career Decision - HCOL area vs. LCOL area
Replies: 13
Views: 1415

Re: Career Decision - HCOL area vs. LCOL area

I'm still what I would consider the early part of my career (age 34 / Single). I did forget to mention that because of the locality pay adjustments, the move to the LCOL area would reduce my total pay by about 7% It would be good to do dummy tax returns to see what the after tax impact will be, esp...
by Watty
Tue Aug 15, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 5194

Re: Plan for making child pay for part of college

This may be getting off topic, the original poster said that he or she was willing to to pay 100% of a non-flagship state University and then possibly some more in addition to that. That is fantastic and a lot more than most students get. When we were going through this one of the most important thi...
by Watty
Mon Aug 14, 2017 11:42 pm
Forum: Personal Consumer Issues
Topic: Best Housing To Avoid Noise
Replies: 57
Views: 4459

Re: Best Housing To Avoid Noise

When you are looking at buying a house one thing to do is to go back to the neighborhood and walk around at different times of the day to hear how noisy it is. You would also want to talk to people that are out working in the yard or walking their dogs to get their impression of the neighborhood. Yo...
by Watty
Mon Aug 14, 2017 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for making child pay for part of college
Replies: 111
Views: 5194

Re: Plan for making child pay for part of college

ny recommendations or tweaks one would make on something like this. You need to be real clear on just what is included as a college cost and what is not included. There will be LOTS of costs other than the things you see on the statements from the college. I only half joking referred to the college...
by Watty
Mon Aug 14, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: Public vs Private Elementary
Replies: 57
Views: 3111

Re: Public vs Private Elementary

squirm wrote:
Mon Aug 14, 2017 2:31 pm
Go private. The bad and disruptive kids get expelled quickly.
It may be a few decades out of date but when I was in high school the few kids that I knew of who were in danger of being expelled usually went to the local Catholic school after being suspended a few times.
by Watty
Mon Aug 14, 2017 4:21 pm
Forum: Personal Consumer Issues
Topic: Aug. 2017 US total eclipse hotel reservations.
Replies: 77
Views: 7368

Re: Aug. 2017 US total eclipse hotel reservations.

If you don't have hotel reservations yet there may still be a chance of getting one at the last minute. I was talking to my son and he said that one of his friends had made two reservations that could be canceled that were in different locations. They will be watching the weather forecast and pickin...
by Watty
Mon Aug 14, 2017 1:31 pm
Forum: Personal Consumer Issues
Topic: How useful is a home security system?
Replies: 67
Views: 4664

Re: How useful is a home security system?

It sounds like they had information about your house so I would be concerned about that. It could be that they got information from a cleaning person or workman. I am wondering how useful a home security system could be, in your opinion? My impression is that most buglers are young people or people ...
by Watty
Mon Aug 14, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Rent Out or Sell My Condo...
Replies: 21
Views: 1881

Re: Rent Out or Sell My Condo...

If the price has increased significantly since you bought it then you likely qualify for the homeowners capital gains exclusion which would make selling it a slam dunk easy choice. If you have a burning desire to be a long distance landlord then you should also look at selling your condo and buying ...
by Watty
Mon Aug 14, 2017 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Wife 1m to vanguard
Replies: 10
Views: 2264

Re: Wife 1m to vanguard

A lot of what to do really depends on the rest of your financial situation and you will get better responses if you post more of your information in this suggested format. You don't have to follow it exactly so it is more of a guideline. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 That...
by Watty
Sun Aug 13, 2017 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing a vehicle
Replies: 17
Views: 2182

Re: Leasing a vehicle

If you search the boards you will find lots of posts about leasing. I'm pretty sure that the consensus is that leasing a car for business use can make sense because of the tax advantages but leasing a car for personal use rarely makes sense except for some special situations.
by Watty
Sun Aug 13, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: What % of income to buy a car is not excessive?
Replies: 48
Views: 3250

Re: What % of income to buy a car is not excessive?

A better question would be what percent of your net worth to spend on a car. At least to me when you are looking at is as a percent of income it implies that you would be getting a car loan. When I was starting out I had car loans so there is nothing inherently wrong with them but if you have to get...
by Watty
Sun Aug 13, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: One more year [to retire]
Replies: 23
Views: 2490

Re: One more year [to retire]

Here is my question for nomad and the other early retires....what do you do for health care? 18 months of COBRA and an ACA policy. My wife is a few years earlier older than me so she was able go straight from COBRA to Medicare. I expect for there to be twists and turns with the ACA over the next fe...
by Watty
Sun Aug 13, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Expect to spend $2.6M on healthcare?
Replies: 66
Views: 6088

Re: Expect to spend $2.6M on healthcare?

You will get some absurd looking numbers when you start trying to do calculations like that in inflation adjusted numbers. A 65 year old couple today can expect to spend $404,253 on lifetime Medicare-related expenses, in today's dollars. As a back of the envelope calculation; At 65 a good medicare s...
by Watty
Sun Aug 13, 2017 5:06 pm
Forum: Personal Consumer Issues
Topic: What home task(s) are worth learning to do yourself?
Replies: 46
Views: 4511

Re: What home task(s) are worth learning to do yourself?

One more thing. About a year after I had bought my first house was was walking through a store and saw a bunch of furnace air filters on the shelf. The cartoon light bulb went on over my head when I realized, "I probably have some of those in my house." :oops: I was able to figure out where the air-...
by Watty
Sun Aug 13, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Model Home Purchase/Leaseback
Replies: 16
Views: 1193

Re: Model Home Purchase/Leaseback

Be sure to have the house inspected just like you would any other existing home that you might buy. You are buying an existing home, not a new home. Treat it the same as if you were buying an existing home from someone else in the neighborhood that got transferred a few years after buying a new hous...
by Watty
Sun Aug 13, 2017 4:18 pm
Forum: Personal Consumer Issues
Topic: Soliciting personal recommendations for a Barcelona trip
Replies: 18
Views: 1695

Re: Soliciting personal recommendations for a European trip

In Barcelona get your tickets for Sagrada Familia well an advance and get them for when it first opens so that it will be less crowded. Also get the tickets ahead of time for one of the elevator towers where you take the elevator up and then walk down. We did the one in the Nativity facade and it wa...