Search found 14316 matches

by Watty
Fri Nov 16, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Keep voluntary life through employer at 58 / 60 years old?
Replies: 6
Views: 320

Re: Keep voluntary life through employer at 58 / 60 years old?

We'll probably retire in 4-5 years (medical issues). We're somewhat underfunded for retirement, but in our LCOL area, with $900+K in traditional 401K plus social security, we're expecting to be ok. If one of us dies before retirement though, it would be much tighter. If you have serious medical iss...
by Watty
Thu Nov 15, 2018 10:09 pm
Forum: Personal Consumer Issues
Topic: Did millennials really get the short straw?
Replies: 16
Views: 1638

Re: Did millennials really get the short straw?

Which metrics best explain how this phenomenon came to be? One metric is the misery index which is calculated using the inflation rate and the unemployment rate. Both of these were in double digits when I graduated from college. :shock: https://en.wikipedia.org/wiki/Misery_index_(economics) https:/...
by Watty
Thu Nov 15, 2018 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: annuity with true COLA built in
Replies: 27
Views: 1711

Re: annuity with true COLA built in

OP is 41 year old couple so the numbers arent shocking given you are probably looking at a 50 year span. Good catch, that must be from some other post they made. If that is correct then I would suspect what is happening is that the insurance companies costs are higher than the mortality credit whic...
by Watty
Thu Nov 15, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: annuity with true COLA built in
Replies: 27
Views: 1711

Re: annuity with true COLA built in

I recently priced joint SPIA's from immediateannuities.com. There was one company offering COLA increases with CPI, but you pay a hefty price for it. The quoted payout rate dropped from 4.5% with no COLA to 2.4% w/ CPI adjustment. YMMV At 2.4% it would take you over 41 years to get your money back(...
by Watty
Thu Nov 15, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: As a new grad, should I consider buying or renting?
Replies: 47
Views: 1694

Re: As a new grad, should I consider buying or renting?

Renting is an easy choice even if you want to buy a house especially if you can find a place with a month to month lease or a lease that it will not be too difficult to get out of. The reason is that the best way to find a great house is to learn the local housing market well and then take your time...
by Watty
Thu Nov 15, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: annuity with true COLA built in
Replies: 27
Views: 1711

Re: annuity with true COLA built in

I recently priced joint SPIA's from immediateannuities.com. There was one company offering COLA increases with CPI, but you pay a hefty price for it. The quoted payout rate dropped from 4.5% with no COLA to 2.4% w/ CPI adjustment. YMMV At 2.4% it would take you over 41 years to get your money back(...
by Watty
Thu Nov 15, 2018 6:07 am
Forum: Investing - Theory, News & General
Topic: Some real risks to investing heavily in real estate
Replies: 5
Views: 672

Re: Some real risks to investing heavily in real estate

The risks posed by a diversified portfolio of stocks and bonds seems much, much less to me. Am I wrong? While a black swan type of event could occur the normal real estate risks of things like fires, floods, major repairs, etc are probably more of a risk. A stock and bond portfolio would also have ...
by Watty
Thu Nov 15, 2018 5:57 am
Forum: Investing - Help with Personal Investments
Topic: 34 y/o & received a 72k inheritance; requesting feedback on my asset allocation/plan
Replies: 6
Views: 742

Re: 34 y/o & received a 72k inheritance; requesting feedback on my asset allocation/plan

1) does it make sense to put all that money to work now? as opposed to funding the account $1000-5000 per month? There is a wiki on investing a windfall and one of the main points is to put it some place ultra safe for at least six months to give you time to get used to having the money and to come...
by Watty
Thu Nov 15, 2018 12:08 am
Forum: Personal Consumer Issues
Topic: Cheap cell phone plans
Replies: 64
Views: 7396

Re: Cheap cell phone plans

Target periodically has Tracfone cards on sale for 15% off so you might also watch for those.
by Watty
Wed Nov 14, 2018 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Cobra - Initial payments
Replies: 3
Views: 361

Re: Cobra - Initial payments

You should also check to see if you can get an ACA policy that starts December 1st. One thing to do is to make sure that someone will pay the premium if you end up in a hospital and you are unable to make the COBRA payments. The COBRA deadlines are very unforgiving. Something could also happen like ...
by Watty
Wed Nov 14, 2018 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Satisfied with 3% Returns for the last 10 years of working?
Replies: 13
Views: 2076

Re: Satisfied with 3% Returns for the last 10 years of working?

My wife and I are 51 and soon to be 50. If you retire in ten years then one thing to keep in mind is that you may have some of your money invested for another 45+ years if one of you lives to be 95. A big question is if you go ultra conservative now, then when will you shift back to a conventional ...
by Watty
Wed Nov 14, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Home addition vs. Buying New
Replies: 39
Views: 2025

Re: Home addition vs. Buying New

We are just now starting to talk to companies about what an addition would look like but I am estimating somewhere in the $350k - $400k range. Even if it were $400k, we could take out a construction loan and roll the current mortgage into it. The total mortgage then would be around $730k at a rate ...
by Watty
Wed Nov 14, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Home addition vs. Buying New
Replies: 39
Views: 2025

Re: Home addition vs. Buying New

Friends of ours have a similar basement. Code would not allow them to put do a real finished basement. But they brought in a number of foam backed carpets, painted the ceiling and walls white, put up storage on the walls and shelves and desks and installed lots of protected lights. The result was a...
by Watty
Wed Nov 14, 2018 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 43
Views: 3196

Re: Northwestern Mutual nightmare - help needed

I do feel so swindled. In the long term getting burned for a few thousands dollars may have been one of the best financial things that will ever happened to you since it will motivate you to invest better in the future. Think it it as being sort of like you sometimes feel crummy the day after you g...
by Watty
Wed Nov 14, 2018 9:39 pm
Forum: Personal Consumer Issues
Topic: 2019 Subaru Forester Vs. 2019 Rav 4
Replies: 21
Views: 1993

Re: 2019 Subaru Forester Vs. 2019 Rav 4

Monica wrote:
Wed Nov 14, 2018 7:54 pm
Watty, what problems have the RAV4 had in the past?
Sorry, I got the RAV4 mixed up with the CRV in this thread.

viewtopic.php?t=244271&start=50
by Watty
Wed Nov 14, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Northwestern Mutual nightmare - help needed
Replies: 43
Views: 3196

Re: Northwestern Mutual nightmare - help needed

I feel a rising sense of panic and want to get out of this relationship with NWM before my next "advising" meeting where I will be fleeced for another $1200 of my hard earned money. ....... ...... Northwestern Mutual money market fund - 15,000 (I don't really understand why we have this. I'm know d...
by Watty
Wed Nov 14, 2018 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 6
Views: 1063

Re: How am I doing?

A couple of things to look at. 1) You may be able to qualify for a partial Retirement Contribution Credit. The income numbers on this link are after a lot of subtractions and adjustments so you really need to look at the details of your numbers not just your gross numbers. As I recall the income num...
by Watty
Wed Nov 14, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: 2019 Subaru Forester Vs. 2019 Rav 4
Replies: 21
Views: 1993

Re: 2019 Subaru Forester Vs. 2019 Rav 4

Be sure to check on the details of the new automatic safety features. Toyota has made them standard equipment but the last time I looked they were still optional on some Subaru models. I don't know about the 2019. Currently have a 2011 Ford Fusion with 82,000 miles. As others have said 82k miles is ...
by Watty
Wed Nov 14, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Pension - Lump Sum or Annuity?
Replies: 7
Views: 708

Re: Pension - Lump Sum or Annuity?

Am I missing something? A few things, 1) You need to know what happens to the money if you die before you start the pension. In some cases your estate may get nothing. If you are single then this may be more of a risk since a spouse would normally get the pension if you die. 2) Taxes, there are lot...
by Watty
Wed Nov 14, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: annuity with true COLA built in
Replies: 27
Views: 1711

Re: annuity with true COLA built in

Delaying Social Security until you are 70 to get a larger benefit amount is in effect buying an inflation adjusted annuity.
by Watty
Wed Nov 14, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or pay of mortgage?
Replies: 13
Views: 1436

Re: Invest or pay of mortgage?

There is a wiki on this choice if you have not seen it. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing I agree with the comment that your emergency fund is too low. If you paid off half of the loan would your monthly loan payment also be reduced by half? If so then paying off par...
by Watty
Wed Nov 14, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 72
Views: 4366

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

Generally speaking, the "bucket" approach for taking retirement withdrawals seems to involve the idea of dividing assets between stocks and safer assets such as bonds and cash, and then suspending withdrawals from the stock "bucket" during periods when stocks have negative returns while taking with...
by Watty
Tue Nov 13, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 97
Views: 7065

Re: Granddaughter needs $ help for university

After reading the responses, I'm not sure if people realize a certified K-12 music teacher makes the same salary as any other teacher. In some districts that is 30k. In others, it is 50k. This includes many lcol places, not just places where 50k is hard to live on. For reference, the average starti...
by Watty
Tue Nov 13, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to value retiree healthcare benefit
Replies: 20
Views: 1039

Re: How to value retiree healthcare benefit

Planning on retiring 9 years out ... would not make any decisions based on potential of healthcare plan 9 years out. That is when they would want to start getting it, with an additional 7 years until they are 65 they also need for it to continue for 16 years. In addition to the company outright cha...
by Watty
Tue Nov 13, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: new car [pay cash?]
Replies: 15
Views: 1208

Re: new car [pay cash?]

i am 60 yrs old retired Investing the money and getting a higher investment return is harder than it sounds. Part of the problem is that your asset allocation might be 50% bonds so for every $10,000 in car loans that you have you would be buying $5,000 in bonds that might be paying 2%. Pay cash.
by Watty
Tue Nov 13, 2018 10:02 am
Forum: Personal Consumer Issues
Topic: Upstairs Floor is No Longer Used....
Replies: 22
Views: 2641

Re: Upstairs Floor is No Longer Used....

Even if you get it working one problem you will have is that there is likely no insulation between the first and second floor so the rooms on the first floor may feel less comfortable since the ceiling may be cold in the winter and hot in the summer. The problem is that in addition to the air temper...
by Watty
Tue Nov 13, 2018 9:08 am
Forum: Personal Consumer Issues
Topic: Florida BCBS through ACA: experiences/reviews
Replies: 10
Views: 688

Re: Florida BCBS through ACA: experiences/reviews

I retired a few years ago and I was in a different state. I also had BCBS which was a PPO plan, when I looked at BCBS ACA policies none of my doctors were in the ACA plans and it looked like a very limited network of doctors compared to my work BCBS plan. I would not have minded changing doctors but...
by Watty
Mon Nov 12, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does a life insurance policy not make sense?
Replies: 16
Views: 1737

Re: At what point does a life insurance policy not make sense?

One more thought, before you cancel it you might want to get a physical to find out if you have any major health problems that you don't know about.
by Watty
Mon Nov 12, 2018 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: All holdings sold when Roth moved, now what?
Replies: 7
Views: 795

Re: All holdings sold when Roth moved, now what?

If you were happy with what they were invested in before then put them into similar mutual funds at the new company. You may have gotten lucky and earned a few extra percent by being out of the market at the right time. There isn't enough information to give other specific suggestions since what is ...
by Watty
Mon Nov 12, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: Feeling uneasy about recent splurge
Replies: 40
Views: 3917

Re: Feeling uneasy about recent splurge

Colorado13 wrote:
Mon Nov 12, 2018 8:39 pm
I spent about $1,000 more than I hoped to spend.
If you keep it for 10 years then that is $100 a year.

Even if it only helps you sleep better a few nights a year then it would have been worth it.
by Watty
Mon Nov 12, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 97
Views: 7065

Re: Granddaughter needs $ help for university

It is a music scholarship and she is hoping to teach music some day. I had not seen this when I made my prior post about the kid I know that got a similar degree. Even with the scholarships she will have a lot of debt for a degree that she will earn little more than minimum wage with. Part of the p...
by Watty
Mon Nov 12, 2018 9:24 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 97
Views: 7065

Re: Granddaughter needs $ help for university

So how does co-signing work? It is little different than you directly taking out a loan to pay for her college, that she may pay off for you. It will also show up on your credit report so that might be a factor if you need to get a new loan like to refinance a mortage. Don't underestimate the chanc...
by Watty
Mon Nov 12, 2018 2:54 pm
Forum: Personal Consumer Issues
Topic: Wanting to move my family but where to begin?
Replies: 21
Views: 2347

Re: Wanting to move my family but where to begin?

Wanting to move my family but where to begin? You may be making this too complicated. Columbus would be the obvious place to start looking for a job since your wife has family there and you don't have a strong reason to look elsewhere. In some of the other cities you might be a few hours drive from...
by Watty
Mon Nov 12, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Managing RMDs
Replies: 10
Views: 1040

Re: Managing RMDs

A couple of other considerations that are important; 1) The way your Social Security is taxed is complex and can put your in a higher than expected tax bracket. https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits 2) It is likely that one of you will survive the other and then file t...
by Watty
Mon Nov 12, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Flood Insurance- When is it necessary?
Replies: 15
Views: 1053

Re: Flood Insurance- When is it necessary?

A big question is how much it costs relative to the value of your house so it would be good to get a quote on that and then decide. In your area you would not only have a risk of things like spring floods but a tropical system could get up that far and dump a tremendous amount of rain in that area. ...
by Watty
Mon Nov 12, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Enjoying Your Work
Replies: 23
Views: 2766

Re: Enjoying Your Work

1) How do you know if you'll enjoy something enough to exhibit behaviors listed above. How can I explore those things? 2) Assuming I find that path, how could I transition from what I'm doing now to that new thing while maintaining current expenses? One way is to use your current skills to transiti...
by Watty
Mon Nov 12, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: At what point does a life insurance policy not make sense?
Replies: 16
Views: 1737

Re: At what point does a life insurance policy not make sense?

I've read that you should have $1M 20 year life insurance policy. At what point does it not make sense to have a life insurance policy? If your net worth is >$1M (not that mine is), does it not make sense? One upper limit is if you could easily retire today then you may not need life insurance. Tha...
by Watty
Mon Nov 12, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: Trying to move out.
Replies: 25
Views: 1948

Re: Trying to move out.

Since the dogs haven't even met yet, I think you are massively, dramatically overthinking the situation. Step 1: introduce the dogs. Go do that before posting/worrying/overanalyzing it anymore. +1 If the dogs don't easily get along then you can talk to a dog trainer. You didn't say anything like th...
by Watty
Mon Nov 12, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 30
Views: 2916

Re: Social Security Claiming Strategy - Seeking Confirmation

2. Is DW's future spousal benefit reduced by the fact that she elected to take her own benefits early? We are in a similar situation. My understanding is that if her benefit is reduced by $200 a month then when she starts getting a spousal benefit of half of your PIA then it will also be reduced by...
by Watty
Mon Nov 12, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Still spending too much on non-essentials
Replies: 38
Views: 2405

Re: Still spending too much on non-essentials

Any tips for how you have managed to resist the temptation to spend on non-essential things? With most web sites if you enter an incorrect password a few times it will disable your password and you will have to go through a password reset process. One thing you can do is to intentionally do that to...
by Watty
Sun Nov 11, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: Best city car
Replies: 19
Views: 1705

Re: Best city car

Any other recommendations? One thing to also consider is that there is a good chance that your 10 year old may learn to drive on whatever car you get. :shock: Depending you your situation they might even get it as a hand me down to take off to college some day. The top safety picks are listed here ...
by Watty
Sun Nov 11, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11658

Re: If expenses are low, are some of us over saving?

One thing that has not been mentioned is that the median household income in the US is only about $59,000 a year and for most people that includes paying for rent or a mortage payment. In probably 80% of the country that will support a modest but comfortable lifestyle. https://en.wikipedia.org/wiki/...
by Watty
Sun Nov 11, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Looking for computer suggestions
Replies: 17
Views: 1356

Re: Looking for computer suggestions

The best solution may be to get both an inexpensive laptop(or tablet) and a desktop. With a traditional desktop you can also get a 24 or 27 inch monitor for a very reasonable price now. I often take my laptop with me when I am traveling and I like not having all my financial information with me whic...
by Watty
Sun Nov 11, 2018 1:30 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3493

Re: International Travel during Maternity/Paternity

One more thought. This might have been the best place to ask. I would think that you could find a message board where there are parents of borns and ask the question there.
by Watty
Sun Nov 11, 2018 10:43 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 107
Views: 4118

Re: Point and shoot camera

legio XX wrote:
Sun Nov 11, 2018 6:58 am
Going to B&H tomorrow or the next day, but will spend some time on the KEH site before then.
If you are in NYC that is a great choice. Be sure to check that they will be open since they close often for religious holidays.
by Watty
Sun Nov 11, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Do I Need A Credit Score?
Replies: 24
Views: 1049

Re: Do I Need A Credit Score?

Yes you should figure out how to build up a basic credit history, but I am not sure about the details of the best way to do that. You may be able to get a credit card with your spouse and have the credit history reported in both of your names. Many people, often women, have found that after the deat...
by Watty
Sat Nov 10, 2018 11:34 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3493

Re: International Travel during Maternity/Paternity

Between weeks 7 and 8 she took a 180 and started sleeping deeply 2-3 hours at a time...... To the OP, please note the post where someone bragged that their kid was sleeping 2-3 hours at a time. I have never know anyone with a newborn that was not pretty sleep deprived. On a more practical side if y...
by Watty
Sat Nov 10, 2018 11:12 pm
Forum: Personal Consumer Issues
Topic: Cars similar to Toyota Corolla LE that I should consider for purchase?
Replies: 36
Views: 3803

Re: Cars similar to Toyota Corolla LE that I should consider for purchase?

I recently purchased a nine year old Lexus GS350 with about 100,000 miles. It is superb in every way from RWD power to comfort to features. I had it in for service Friday and they gave me a 2018 Corolla loaner. Appalling. Minimal power from a reedy 4 cylinder, plastic everywhere, ghastly audio, rot...
by Watty
Sat Nov 10, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: buy a house or rent?
Replies: 5
Views: 778

Re: buy a house or rent?

Rent for a year and then decide if you want to buy or not.

That will give you time decide if you want to really live in that city and to learn more about the local housing market.
by Watty
Sat Nov 10, 2018 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I choose a high deductible health plan with HSA or stick with PPO?
Replies: 12
Views: 1052

Re: Should I choose a high deductible health plan with HSA or stick with PPO?

You should also check the formulary for both plans to make sure that the needed medicine is covered the same.