Search found 19158 matches

by Watty
Tue May 26, 2020 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Mother's or Father's Insurance for Newborn
Replies: 6
Views: 196

Re: Mother's or Father's Insurance for Newborn

Something to look into is the "birthday rule" (Google this) to see if or how it applies in your situation. This may vary by insurance company and state laws.
by Watty
Tue May 26, 2020 6:06 pm
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 29
Views: 1009

Re: Any retirees get through Covid crisis without large cash reserve?

As the dust begins to settle on the Covid pandemic ... I think it is premature to make any conclusions about the lessons from the Covid pandemic. This ain't over yet. +1 The pandemic is near the end of the begining - and is a long way from over.... Not to get into a debate on the pandemic, however,...
by Watty
Tue May 26, 2020 5:48 pm
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 29
Views: 1009

Re: Any retirees get through Covid crisis without large cash reserve?

As the dust begins to settle on the Covid pandemic ... I think it is premature to make any conclusions about the lessons from the Covid pandemic. This ain't over yet. +1 The pandemic is near the end of the begining - and is a long way from over.... +1 That is likely the best case. I can't find a cu...
by Watty
Tue May 26, 2020 4:27 pm
Forum: Personal Consumer Issues
Topic: Suggestions for Extended Winter Getaway
Replies: 4
Views: 267

Re: Suggestions for Extended Winter Getaway

If you are going for three months then I would consider doing something like staying in three different locations for one month each. What attracts us is the beauty of the property and having a nice pool. Be sure that you have realistic expectations about how warm it will be in Florida. You may be a...
by Watty
Tue May 26, 2020 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Worst House on the best block?
Replies: 36
Views: 2079

Re: Worst House on the best block?

Our thinking right now involves the very big (clean thankfully) shipping container that sits in the backyard. (Feels like it doesn't take up that much space, which is a credit to the size of the property.) Our first impulse is to turn it into a garage/office, maybe even a teenager's room some day. ...
by Watty
Tue May 26, 2020 2:09 pm
Forum: Personal Consumer Issues
Topic: Del Webb 55+ communities?
Replies: 24
Views: 3593

Re: Del Webb 55+ communities?

I know next to nothing about Del Webb, or similar communities.

How common is it to rent in a place like that to try it out?
by Watty
Tue May 26, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Worst House on the best block?
Replies: 36
Views: 2079

Re: Worst House on the best block?

Great point. 2 bedroom in the neighborhood we're looking in: priced at $299,000. Empty lot of the same size: priced at $350,000. .... One kid, planning on second for 2021. I would try to avoid buying a 2 bedroom stand alone single family home since those can be be very hard to sell when there is no...
by Watty
Tue May 26, 2020 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 71
Views: 3233

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

One thing that has not been mentioned is that you also need to figure out the transportation for your kid to get to and from school.

With public schools there are likely school buses. How to do that with private school will vary a lot and could add to the costs.
by Watty
Tue May 26, 2020 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Sister died without will in NJ; trying to help nephews
Replies: 7
Views: 1198

Re: Sister died without will in NJ; trying to help nephews

It was years ago in a different state but when we were settling my mom's estate one of the things that the lawyer told us was that no one should drive her car until it had been retitled. The problem was that if there is an accident that her car insurance would not cover the driver since they did not...
by Watty
Tue May 26, 2020 12:26 pm
Forum: Personal Consumer Issues
Topic: Cross country road trip from MA to Glacier NP and Yellowstone NP
Replies: 36
Views: 1461

Re: Cross country road trip from MA to Glacier NP and Yellowstone NP

You would be rushing past the Black Hills and the Badlands and lots of other worthwhile places. There are other threads you can look up about what to see. In a normal year this would be WAY too late to get reservations at Yellowstone or Glacier unless you got real lucky. Both of those parks are very...
by Watty
Tue May 26, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Simple jobs during FATFire?
Replies: 29
Views: 1471

Re: Simple jobs during FATFire?

I know two IT workers who became school bus drivers after being laid off in their 50s. In normal times at least around here they are always looking for school bus drivers since it does not pay enough for someone who needs full time work. It did not pay a lot but it comes with benefits and they got s...
by Watty
Tue May 26, 2020 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 71
Views: 3233

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

It seems like at the elementary school level the difference b/w a 20k school and 30-40k is minor so that I would much rather pocket the difference. ' The extra $10-20K a year for 12 years adds up. Most likely what will happen is that the extra money would be invested and growing until your kid inhe...
by Watty
Tue May 26, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Would you pull a trigger on a home purchase or continue renting?
Replies: 45
Views: 2823

Re: Would you pull a trigger on a home purchase or continue renting?

Well, you’ve done half the calculation. But if your house drops 5% you lose 25% of your equity. Funny thing, leverage. But lets be honest about this. The long term trend is up. Even if I only get back inflation, my equity is increasing at 5x inflation. Not for a specific house. The long term trend ...
by Watty
Mon May 25, 2020 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another "can I afford this house"?
Replies: 12
Views: 1265

Re: Yet another "can I afford this house"?

I also want an early retirement in 8-10 years. I'm not interested in FIRE beforehand, unless forced, for which I estimate a 30% possibility over the next 10 years for me, and a 5-10% possibility for my spouse. I'm not averse to selling my home in a VHCOL area and moving to a MCOL area if my income ...
by Watty
Mon May 25, 2020 4:41 pm
Forum: Personal Consumer Issues
Topic: New Vehicle: Forester or Rav4 for boglehead couple
Replies: 60
Views: 2907

Re: New Vehicle: Forester or Rav4 for boglehead couple

I think I've narrowed it down to either a *slightly used* RAV4 or a *slightly used* Subaru Forester. I've read some reviews comparing the two and it seems they're very competitive with eachother. The review I read said they're almost identical except the RAV4 has more modern styling but the Subaru ...
by Watty
Mon May 25, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Want to retire, help please.
Replies: 10
Views: 1749

Re: Want to retire, help please.

We spend about $120k a year, and that is lavish. That includes, all taxes, tuition for child at private school, property taxes, vacation, a car once in a while, everything. Daughter will go to state college. I would focus on what your spending will be when you are 65 or 70 and all the moving parts ...
by Watty
Mon May 25, 2020 10:50 am
Forum: Personal Consumer Issues
Topic: Anyone buy a car from a rental car company???
Replies: 25
Views: 2494

Re: Anyone buy a car from a rental car company???

There are lots of old threads on this that you can look up. I once had to buy a replacement car in a hurry and I ended up buying a Hertz rental car and it worked out very well for me and the car still had a few thousand miles left on the full factory warranty. I was also able to review(but not copy)...
by Watty
Mon May 25, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Last-minute lien on home found - sign (as seller) anyway?
Replies: 13
Views: 1482

Re: Last-minute lien on home found - sign (as seller) anyway?

So do I go ahead and sign the closing papers & just resign myself to wait for the proceeds (not needed immediately) until I get WF to release the lien? What does your lawyer say? If you were selling it without a lawyer, which is allowed and common in some parts of the country, then it would be good...
by Watty
Mon May 25, 2020 9:38 am
Forum: Personal Finance (Not Investing)
Topic: What to do with Mother-In-Law
Replies: 31
Views: 3834

Re: What to do with Mother-In-Law

Or possibly, should we look for a new home that could accommodate dear MIL moving in with us? ..... We would have to purchase a larger home, with concurrent additional costs if we were to take this on. ... Is it possible to get care for dear MIL when we go out of town? It sounds like she is to the ...
by Watty
Sun May 24, 2020 11:47 pm
Forum: Personal Consumer Issues
Topic: Pandemic buys that have improved quality of life?
Replies: 114
Views: 8346

Re: Pandemic buys that have improved quality of life?

I bought an inexpensive carpet cleaner.

When I empty the dirty water tank I can't quite decide is the black water is disgusting or oddly satisfying.
by Watty
Sun May 24, 2020 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pull a trigger on a home purchase or continue renting?
Replies: 45
Views: 2823

Re: Would you pull a trigger on a home purchase or continue renting?

and I don't have a car. If you buy a house I would assume that you would also need to buy a car and then have the costs for things like car insurance, gas, etc so be sure to budget for that. If you were in my position, how much would you be willing to spend on a home? ..... The homes I'm looking ar...
by Watty
Sun May 24, 2020 9:12 pm
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 76
Views: 2963

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

I don't want to sound nitpicking but hopefully these points would be worth considering; In your planning keep in mind that many medical facilities are struggling and laying off people right now since they are not able to do nonessential procedures. There is also no telling what the healthcare system...
by Watty
Sun May 24, 2020 8:05 pm
Forum: Personal Investments
Topic: Any suggestions for the homestretch of my retirement plan?
Replies: 21
Views: 1579

Re: Any suggestions for the homestretch of my retirement plan?

I have assumed assisted living would be really expensive. But I have no real experience with it. I do not have long term care insurance. It is very expensive. From what I have read here, I am probably better off self-funding it. It varies a lot by where you are at. You can get an idea of the curren...
by Watty
Sun May 24, 2020 6:54 pm
Forum: Personal Investments
Topic: Any suggestions for the homestretch of my retirement plan?
Replies: 21
Views: 1579

Re: Any suggestions for the homestretch of my retirement plan?

We have significant (mid-six figures) unrealized gains on these funds. ... I might also work longer to help my younger child with grad school. You would need to check the current rules on the "kiddie tax" but depending on your kids age you might be able to give them some of the investments with the...
by Watty
Sun May 24, 2020 3:50 pm
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 76
Views: 2963

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

I want to purchase this brand new BMW for MY PARENTS. That makes a lot more sense but how are you going to pay for it? You may be a bit early to be giving them a car. One of the key things with car shopping is to have your financing set up before you go to a dealership. You can see if the dealershi...
by Watty
Sun May 24, 2020 11:39 am
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 53
Views: 2825

Re: New Tires or New Car?

(1) This car has been kind of a lemon so it is not a car I anticipate "driving til the wheels fall off"; a service provider once told me he would not keep this brand of car past 80,000 miles because they are so prone to problems. What is the car model? I am going to take a wild guess that this is a...
by Watty
Sun May 24, 2020 11:17 am
Forum: Personal Consumer Issues
Topic: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!
Replies: 76
Views: 2963

Re: First Time Car Buyer Needs Help. HELP ME PLEASE! Thank you!

Here is a post that I did a few years ago about negotiating a car deal online. https://www.bogleheads.org/forum/viewtopic.php?f=11&t=239526&p=3746230 brand new 2020 BMW X3 sDrive 30i. There are lots of opinions about BMWs and they have a stereotype of being very expensive to maintain. It would be go...
by Watty
Sun May 24, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: New Tires or New Car?
Replies: 53
Views: 2825

Re: New Tires or New Car?

You were evasive about the type of car it is which often suggests that there is more to the story. What type of car is it? That could be important. Another option would be to buy one tire of the same brand, model and size as the three good tires. Have a tire shop shave the tread so the new tire trea...
by Watty
Sun May 24, 2020 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Worried about sibling financial future
Replies: 31
Views: 3913

Re: Worried about sibling financial future

I have one older sibling, early 40s, married 20+ years......lower income.... One thing that you might be able to get them to look into is to see if they know about the retirement savings contributions credit. The way this works is, depending on their income, they can contribute $2,000 each to an IR...
by Watty
Sun May 24, 2020 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Customer hasn't paid me not worth cost of lawyer but...
Replies: 40
Views: 4233

Re: Customer hasn't paid me not worth cost of lawyer but...

Well C19 happened and they say they won't pay me until their office reopens because they are not set up for "remote" payment. I don't believe that. If they do not pay things like cell phone bills,credit cards, utilities, etc then those would likely be cut off. I think that special rules about doing...
by Watty
Sun May 24, 2020 9:44 am
Forum: Personal Investments
Topic: Annuity
Replies: 11
Views: 860

Re: Annuity

We have substantial other investments that we can rely on...... Do you have a need for the $1370 in income each month? In addition to Social Security your other investments will likely generate around 2% in interest and dividends and when you reach 70 you will also have RMDs from retirement account...
by Watty
Sun May 24, 2020 9:12 am
Forum: Investing - Theory, News & General
Topic: Businesses that are permanently destroyed due to COVID?
Replies: 34
Views: 2703

Re: Businesses that are permanently destroyed due to COVID

I saw an article that mentioned many local theater companies that put on plays will not survive. Movie theaters were also struggling so there may be fewer of them. It probably just wishful thinking but I would be happy to see the new car dealership with salespeople business model go away if people a...
by Watty
Sat May 23, 2020 11:44 pm
Forum: Personal Consumer Issues
Topic: Replacement Window in Atlanta
Replies: 11
Views: 668

Re: Replacement Window in Atlanta

I'm a little North of Atlanta. I signed a contract with Window World recently. The had a pretty good sale going, but I'm not sure if it's still active. My pirce is a little less than your cheapest for 32 windows. One very large, and 3 large picture windows; all with half round tops. I am also in th...
by Watty
Sat May 23, 2020 4:11 pm
Forum: Investing - Theory, News & General
Topic: Peer to peer lending in this day and age
Replies: 46
Views: 2691

Re: Peer to peer lending in this day and age

I have to admit that I have never really understood P2P lending. I keep thinking of the Groucho Marx quote; I Don’t Want to Belong to Any Club That Will Accept Me as a Member. For whatever the reason commercial lenders are not lending money to the people asking for P2P loans. I doubt that I am smart...
by Watty
Sat May 23, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Approaching 40, worried about financial future
Replies: 109
Views: 10425

Re: Approaching 40, worried about financial future

I worry that reading about people who are about to retire with $1m to $2m - that we'd never get there! Any advice or words of wisdom would be great. You do not need anywhere near that for a comfortable retirement especially if you do not live in a expensive part of the country. Here is a post I did...
by Watty
Sat May 23, 2020 2:43 pm
Forum: Personal Consumer Issues
Topic: Cheap way to ship a few boxes?
Replies: 14
Views: 907

Re: Cheap way to ship a few boxes?

If you are shipping books then you can ship them by media mail through the post office for a very low price.

Be sure to read the rules about what what you can ship and the other details since they may inspect the package.
by Watty
Sat May 23, 2020 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Designing a Better Life At Age 40
Replies: 15
Views: 2625

Re: Designing a Better Life At Age 40

The stress from my sales career has burned me out, adversely impacted my health and strained my marriage. I have a very young child who my spouse cares for full time, and another child on the way. Sometimes "you gotta do what you gotta do". You might want to wait until the baby is born and things s...
by Watty
Sat May 23, 2020 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I go to grad school?
Replies: 24
Views: 1592

Re: Should I go to grad school?

The program is 1 year, evenings and weekends...... Are you sure this is a good program? One year of evenings and weekends does not sound like enough time to get a masters unless it is practically every evening and weekend. Even if you were going to school full time getting a masters in a year would...
by Watty
Sat May 23, 2020 11:12 am
Forum: Personal Investments
Topic: Has anyone ever used their Emergency Fund?
Replies: 87
Views: 6701

Re: Has anyone ever used their Emergency Fund?

One thing that has not been mentioned is that there can also be "good" emergencies too. For example here are some I have heard of; 1) Before I met her my wife had a roommate that was engaged and had a nonrefundable prepaid honeymoon in Hawaii. They broke up and called off the wedding and her roommat...
by Watty
Sat May 23, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Finally! Income more than doubled - review
Replies: 12
Views: 1828

Re: Finally! Income more than doubled - review

3. Yes. Work in opposite directions and on the outskirts of a city. One thing to keep in mind is that at this stage of your careers is that you are likely to change jobs in the near future. If you buy a house now that would mean that you could end up with a bad commute when you change jobs. ... we ...
by Watty
Sat May 23, 2020 9:54 am
Forum: Personal Consumer Issues
Topic: Hertz is declaring bankruptcy
Replies: 66
Views: 6321

Re: Hertz is declaring bankruptcy

Hertz....just part of the cycle! :) If you do buy a used car from them you may need someone to cosign for the loan. Hertz filed Chapter 11, to reorganize their finances-----not to liquidate. They will keep operating while the bankruptcy moves through the court system. Yes. A friendly reminder to al...
by Watty
Sat May 23, 2020 9:21 am
Forum: Personal Investments
Topic: How to automate deductions from paycheck for investments while maintaining balanced portfolio?
Replies: 20
Views: 1053

Re: How to automate deductions from paycheck for investments while maintaining balanced portfolio?

On the question about being able to contribute to a deductible IRA or not one thing to keep in mind is that you might change jobs during the year to an employer that does have a pension plan. Likewise you might get an unexpected bonus that could put you over the income limit. Agree on the getting a...
by Watty
Sat May 23, 2020 9:16 am
Forum: Personal Consumer Issues
Topic: Hertz is declaring bankruptcy
Replies: 66
Views: 6321

Re: Hertz is declaring bankruptcy

That is interesting. I once bought a Camry from the Hertz used rental car lot and I had a good experience with it. Since then I periodically check their inventory and prices out of curiosity and would sometimes see good deals that would look tempting, In the last few months they have had lots of inv...
by Watty
Sat May 23, 2020 8:59 am
Forum: Personal Investments
Topic: How to automate deductions from paycheck for investments while maintaining balanced portfolio?
Replies: 20
Views: 1053

Re: How to automate deductions from paycheck for investments while maintaining balanced portfolio?

On the question about being able to contribute to a deductible IRA or not one thing to keep in mind is that you might change jobs during the year to an employer that does have a pension plan. Likewise you might get an unexpected bonus that could put you over the income limit. You can make the IRA co...
by Watty
Sat May 23, 2020 12:29 am
Forum: Personal Consumer Issues
Topic: Subaru Outback vs deer
Replies: 21
Views: 1817

Re: Subaru Outback vs deer

I could be mistaken but I would think that this would be covered under their comprehensive insurance and not the collision insurance. If so they may have a lower deductible and it might not raise their rates by much if any. They should look into that. I also agree that once they open up the car ther...
by Watty
Sat May 23, 2020 12:16 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 335
Views: 23158

Re: The axe falls and I am prepared. What's next?

A) Under what financial condition, it is rewarding for me to take on part-time project work. At this moment, it looks like anything less than $90 per hour is not worthwhile. Instead of looking at it in dollar terms you might look at it in terms of what economists call "opportunity cost". For exampl...
by Watty
Fri May 22, 2020 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 335
Views: 23158

Re: The axe falls and I am prepared. What's next?

Sorry to hear about your layoff, that is always hard even if you are expecting it. I am looking for opinions from those that had gone down the same path. I voluntary retired a bit less than five years ago just before I turned 59. My Social Security and expected expenses were very similar to yours. ...
by Watty
Fri May 22, 2020 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 335
Views: 23158

Re: The axe falls and I am prepared. What's next?

Sorry to hear about your layoff, that is always hard even if you are expecting it. I am looking for opinions from those that had gone down the same path. I voluntary retired a bit less than five years ago just before I turned 59. My Social Security and expected expenses were very similar to yours. A...
by Watty
Fri May 22, 2020 2:33 pm
Forum: Personal Consumer Issues
Topic: Potential relocation, how concerned should I be with a 4/10 school?
Replies: 32
Views: 2453

Re: Potential relocation, how concerned should I be with a 4/10 school?

I don't know if it is politically correct to say this, but when a school is "diverse", it usually means that there are many low performing students from certain racial/ethnic groups. Whether it means more crime/bullying/drugs, maybe. It is a crap shoot. A better metric would be to look at the perce...
by Watty
Fri May 22, 2020 11:08 am
Forum: Personal Investments
Topic: Can retirement be this simple?
Replies: 31
Views: 4270

Re: Can retirement be this simple?

"Could it be this simple?" I did not double check your numbers but it not only can it be simple but it should be simple so that you will be able to manage it easier when you are 80+ years old and may be less mentally capable. I plan on having mine be pretty much on automatic pilot by the time I sta...