Search found 11787 matches

by Watty
Sun Dec 17, 2017 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Online Bill Pay Interface Feature (Days till Due)
Replies: 1
Views: 116

Re: Online Bill Pay Interface Feature (Days till Due)

I don't have any suggestion about that feature but I would be cautious about waiting to pay the bill with online bill pay too close to the due date. I do the deposits for my large HOA and we get a lot of paper checks mailed to us from people paying on line. We will often receive several checks in th...
by Watty
Sun Dec 17, 2017 10:53 pm
Forum: Investing - Help with Personal Investments
Topic: Just received an inheritance. Need to get financial life in order.
Replies: 10
Views: 926

Re: Just received an inheritance. Need to get financial life in order.

One thing you can do is to max out your 401K if you were not already planning on doing that. For example you could increase your payroll deductions by $1,000 a month and then take about $850 a month out of your taxable inheritance account to live on. The difference is assuming a 15% federal tax brea...
by Watty
Sun Dec 17, 2017 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Buy very old house without buyer agent
Replies: 4
Views: 392

Re: Buy very old house without buyer agent

Your lender may require serious defects be fixed for the loan to be approved so be prepared for that. One thing to watch out for is that if you have to stretch to buy a very old house then you might not be able to afford to do necessary repairs so you need to figure out how that would work with your...
by Watty
Sun Dec 17, 2017 10:16 pm
Forum: Investing - Theory, News & General
Topic: Investing in "Frontier" Markets
Replies: 13
Views: 652

Re: Investing in "Frontier" Markets

Do you have reason to believe these developing countries companies will outperform developed markets? And that you know more about about it than everyone else that is investing in that market? When you get into picking sectors you not only have to pick the right sector but you have to do it before ...
by Watty
Sun Dec 17, 2017 6:36 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 44
Views: 2006

Re: Best 401k Employer Match Structure

In addition to the match also consider allowing other options like a Roth 401k and allowing after tax contributions so people can do a Mega Backdoor Roth.
by Watty
Sun Dec 17, 2017 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: too much $ in my company of work?
Replies: 42
Views: 2583

Re: too much $ in my company of work?

As such its stock is now about 11% of my portfolio. This is in ESPP and RSUs. Just a nitpick, the mutual funds within the rest of your portfolio likely also own that company's stock too so your actual exposure could be a bit higher. You are 51 so there is not a lot of time to make up any money that...
by Watty
Sun Dec 17, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Trust for my kids (in the event of my death)
Replies: 15
Views: 1206

Re: Trust for my kids (in the event of my death)

Any money in inherited IRA's with an RMD could likely make your 3% distribution rules impossible. If the amounts are large enough then you might allow them to buy a house that will still be owned by the trust. I would think that would help protect the money if they got divorced after receiving the i...
by Watty
Sun Dec 17, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing to hire lawyer to write will - any advice?
Replies: 10
Views: 1111

Re: Preparing to hire lawyer to write will - any advice?

medical directives... +1 The other paperwork like that the lawyer draws up will in some ways be just, if not more, important than the will. People have posted that financial companies, including Vanguard, are sometimes very picky about accepting a power of attorney and may want it to be on their fo...
by Watty
Sun Dec 17, 2017 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Same Target Date Fund in TWO places, stay or change?
Replies: 4
Views: 310

Re: Same Target Date Fund in TWO places, stay or change?

The target date fund is already diversified. There's nothing wrong with having the same TDF in multiple accounts (obviously the asset allocation needs to work for you - so that's a different question). The issue that you should focus on is whether a target date fund in a taxable account is the righ...
by Watty
Sun Dec 17, 2017 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing childhood home from my parents (for us to live in)
Replies: 11
Views: 1359

Re: Purchasing childhood home from my parents (for us to live in)

I suggest getting an appraisal from a licensed appraiser (not a realtor) to determine the value of the home. Your state likely has a procedure for establishing the value of a house in a divorce and your lawyer can likely help you go through a similar process. If you have other siblings then you sho...
by Watty
Sat Dec 16, 2017 10:43 pm
Forum: Investing - Theory, News & General
Topic: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing
Replies: 31
Views: 3298

Re: The Pros and Cons of Target-Date Funds vs 3 Fund: LifeCycle Investing

There's nothing wrong with target date funds during accumulation. In retirement, however, when one might be drawing down accounts, I'd rather have the flexibility of separate fund accounts so that in a down market one could liquidate fixed income funds and in an up market equity funds. I agree with...
by Watty
Sat Dec 16, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing childhood home from my parents (for us to live in)
Replies: 11
Views: 1359

Re: Purchasing childhood home from my parents (for us to live in)

Don't skimp on home inspections even though you know the home and trust them. There could be unknown problems and if these come up later it would keep things smoother if it is clear that any unexpected problems were unavoidable. When people have been living in a home for a long time they may have go...
by Watty
Sat Dec 16, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Buy home with structural issues
Replies: 48
Views: 2769

Re: Buy home with structural issues

Do I have any legal recourse to get my earnest money back? Does your purchase contract say anything about a "substantial change in condition" of the property (or something like that)? Have you discussed this matter with your lawyer? +1 Now would be a good time to get a real estate lawyer involved. ...
by Watty
Sat Dec 16, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes on 401(k)withdrawl
Replies: 12
Views: 940

Re: Taxes on 401(k)withdrawl

Your state taxes and they way that Social Security is taxes will be important to include in your calculations. https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits https://www.bogleheads.org/wiki/Social_Security_tax_impact_calculator If there are any changes to tax in the near or dis...
by Watty
Sat Dec 16, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Rental Home - Was Primary Residence - Tax Situation
Replies: 10
Views: 1066

Re: Sold Rental Home - Was Primary Residence - Tax Situation

It would probably be worthwhile to have your taxes professionally done this year.
by Watty
Sat Dec 16, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: Jim Simons Medalion fund averages 71.8% annual return
Replies: 26
Views: 3922

Re: Jim Simons Medalion fund averages 71.8% annual return

One thing I would be suspicious about is that it might be a way to turn ordinary income, which could be taxed at a very high rate, into capital gains which would be taxed at a much lower rate. There is no way to know just what they are doing and I would suspect that it is legal, or at least defensib...
by Watty
Sat Dec 16, 2017 10:56 am
Forum: Investing - Theory, News & General
Topic: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?
Replies: 42
Views: 1515

Re: Is 120 months of expenses in Fixed Income plus 100/0 a viable long term allocation?

Any reason why this would not be a viable long term asset allocation strategy? Inflation could be an issue. If you bought a ten year ladder of individual TIPS bonds in a retirement account where a year's worth of expenses matured every year that would eliminate that problem. with the remainder inve...
by Watty
Sat Dec 16, 2017 9:38 am
Forum: Personal Consumer Issues
Topic: Best place to get a Suit
Replies: 21
Views: 1522

Re: Best place to get a Suit

Like others have said. Depends on your need and also where you live. Is this for a specific occasion? From you initial post it sound more job related. Are you young? Will you need a lager suit in the future? If this is for business attire think of you "suit" in 3 parts. Jackets, shirts and slacks. ...
by Watty
Sat Dec 16, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 76
Views: 10647

Re: 55+ Early retirement offer.

Dottie57 wrote:
Thu Dec 14, 2017 5:34 pm
Applications have to be made to "Participate" in the program. Managers and HR decide if your application is accepted - it is not guaranteed.
Be sure to be careful and not burn any bridges yet since there is no guarantee that they will lay you off and give you the severance package.
by Watty
Sat Dec 16, 2017 1:38 am
Forum: Investing - Help with Personal Investments
Topic: Tom's First Post needing portfolio help
Replies: 10
Views: 1054

Re: Tom's First Post needing portfolio help

2) I committed to myself to increase my savings by half of any raises that I got. This not only helped me painlessly increase my savings but it also helped me avoid lifestyle creep. The time will go fast and you could be saving more than 20% of your income by the time you are in your 40s and you wo...
by Watty
Sat Dec 16, 2017 1:12 am
Forum: Personal Consumer Issues
Topic: Is a Year on the JOb too Soon to Ask For a Promotion?
Replies: 22
Views: 1657

Re: Is a Year on the JOb too Soon to Ask For a Promotion?

Well, in that case could your company find a replacement for the same compensation they are paying now, or it would be a hassle, or maybe even impossible ? The same math would apply to the OP being able to find a higher paying job at a different company. Having people do work that is well above the...
by Watty
Sat Dec 16, 2017 12:43 am
Forum: Personal Finance (Not Investing)
Topic: Active vs. index funds in a recession:
Replies: 11
Views: 826

Re: Active vs. index funds in a recession:

Active vs. index funds in a recession Some active funds will outperform and some will underperform. Pretty much by definition put all the active funds put together with match the index funds, less the expenses. When looking at this one thing to watch out for is the survivorship bias. A mutual fund ...
by Watty
Sat Dec 16, 2017 12:13 am
Forum: Personal Consumer Issues
Topic: Uber vs Ambulance - HUGE cost difference
Replies: 58
Views: 6208

Re: Uber vs Ambulance - HUGE cost difference

The Uber part of this question is a bit of a red herring except that they might rightfully refuse to take you and call 911. You could just as well ask when you should have a friend or family member take you to the ER or urgent care center. Here is a general PDF on that. http://www.in.gov/dhs/files/W...
by Watty
Fri Dec 15, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Creating Portfolio with Company Offering for 401k.
Replies: 10
Views: 582

Re: Help with Creating Portfolio with Company Offering for 401k.

State Street Conservative Strateg Bal - 0.02% State Street Moderate Strateg Bal - 0.02% State Street Aggressive Strategic Balanced Fund Class I - 0.02% What are in these? I'm really thinking about putting everything in the S&P fund. Anyone thinks I should do otherwise? Should thoughts on some comin...
by Watty
Fri Dec 15, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Target date fund or custom allocation?
Replies: 5
Views: 476

Re: Target date fund or custom allocation?

Stick with the target date fund. You could go with a combination of Vanguard S&P 500, Extended Market and Total International, but you don't have a good low-cost diversified bond fund, so you would have to put that in an IRA. The target date fund handles all rebalancing for you, as well as glide pa...
by Watty
Fri Dec 15, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 32
Views: 3591

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

Keep in mind that with the anecdotal stories that turned out well don't have any way to knowing what percent of the time things worked out OK. Many people, mostly woman, are out of the workforce for a year or more when they have kid to be a stay at home parent. There are lots of stories about how ha...
by Watty
Thu Dec 14, 2017 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 31
Views: 3107

Re: What is a Reasonable Retirement Cost of Living?

Your cost of living will also be different at different ages in retirement. For a couple the expenses will also change if one of them survives the other. Be sure to include taxes in your calculations, I you expect to need $5,000 a month to spend then you need more income than that to have $5,000 a m...
by Watty
Thu Dec 14, 2017 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Skeptical Tuna hit it big, but questions remain.
Replies: 6
Views: 1680

Re: Skeptical Tuna hit it big, but questions remain.

dual wrote:
Thu Dec 14, 2017 7:06 pm
The price of a one or two million umbrella policy is very low, a few hundred dollars per year, and for it you get the best defense lawyers your insurance company has if something bad happens.
+1

For someone that can save $50,000 a year then getting an umbrella policy is a no brainer easy choice.
by Watty
Thu Dec 14, 2017 7:33 pm
Forum: Personal Consumer Issues
Topic: Getting rid of junk mail?
Replies: 21
Views: 1363

Re: Getting rid of junk mail?

I have gotten catalogs from companies that I have bought from and I have zero interest in their catalog since I do all that shopping online. I hate to see the waste of resources as much as anything. I have called the 800 number on the catalog to have my name removed and it works within month or so. ...
by Watty
Thu Dec 14, 2017 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 76
Views: 10647

Re: 55+ Early retirement offer.

The company is offering 26 weeks paid salary + more for each year you have worked for the company. I total out to 50 weeks. One way to look at this is that if you declined to take the offer then you would be offering to work for free for the next year in the hope of being able to work a few more ye...
by Watty
Thu Dec 14, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage as part of a pay down strategy
Replies: 60
Views: 2678

Re: Recast mortgage as part of a pay down strategy

One problem with the strategy is that you will need to save up the money somewhere else for a year to do the annual recast.

During that time the money will be earning less than the interest rate of the mortgage.
by Watty
Thu Dec 14, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Reached 50X annual spending. Now what?
Replies: 56
Views: 5924

Re: Reached 50X annual spending. Now what?

Now what? If you have not done it yet and have not decided to rent for life then paying off your house would make sense. Your expenses will also vary as you age so you need to also consider that. Often when people first retire they will do more travel and they may also need expensive long term care...
by Watty
Thu Dec 14, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Guided Solutions - Spouse is Employee
Replies: 37
Views: 2614

Re: Edward Jones Guided Solutions - Spouse is Employee

One aspect that has not been mentioned is how working there might affect her long term career. Most people have twists and turns in their career that could never be predicted but putting yourself in a position where you might get a "lucky break" can be very important. There has been a lot written ab...
by Watty
Thu Dec 14, 2017 12:49 am
Forum: Personal Consumer Issues
Topic: How to deal with Micro-manager
Replies: 42
Views: 3582

Re: How to deal with Micro-manager

I am a bit less concerned about the webcam and not muting since that could be in response to some prior problems. I have seen situations where some employees abused working from at home so she might be feeling repercussions from prior situations so that would not be a big deal to me. The rest of the...
by Watty
Wed Dec 13, 2017 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 16
Views: 1659

Re: pay down mortgage or invest in taxable

One option would be to save up the money until you have maybe 10 or 20 percent of the loan balance then check with your lender to ask if they will "recast your mortgage" (Google this). They are not required to but they usually will for a processing fee of a couple of hundred of dollars. The way this...
by Watty
Wed Dec 13, 2017 9:59 pm
Forum: Personal Consumer Issues
Topic: Unoccupied second home: weird temperature spikes on remote monitor
Replies: 17
Views: 2058

Re: Unoccupied second home: weird temperature spikes on remote monitor

Be sure to give us an update when you find out what was going on. Questions like these can generate epic threads like this classic one.

viewtopic.php?t=62092

Hopefully your solution is simpler.
by Watty
Wed Dec 13, 2017 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Turning 50-plz check my portfolio
Replies: 6
Views: 1030

Re: Turning 50-plz check my portfolio

How old are you? Your subject says 50 but your post says 40. You can edit your post using the icon with a pencil on it. How many years do you have until you plan on retiring? Debt: $170,000 mortgage @ 3.75 How many years are left on this and will it be paid off by the time you plan on retiring? I wi...
by Watty
Wed Dec 13, 2017 9:11 pm
Forum: Personal Consumer Issues
Topic: Unoccupied second home: weird temperature spikes on remote monitor
Replies: 17
Views: 2058

Re: Unoccupied second home: weird temperature spikes on remote monitor

sc9182 wrote:
Wed Dec 13, 2017 7:21 pm
Sun light near/on Thermostat....
+1

That sounds like a possibility. Maybe something happened like a branch fell and sunlight is now shining in the remote monitor now. Clouds going by blocking the sun in the afternoon could explain the fluctuations.
by Watty
Wed Dec 13, 2017 8:40 pm
Forum: Personal Consumer Issues
Topic: Novel Gift Ideas for Adult Siblings
Replies: 27
Views: 2002

Re: Novel Gift Ideas for Adult Siblings

If you give gift cards putting them in a puzzle box that will make the a bit more interesting. https://www.amazon.com/s/ref=nb_sb_noss_1?url=search-alias%3Daps&field-keywords=gift+puzzle+box&rh=i%3Aaps%2Ck%3Agift+puzzle+box A couple of drops of superglue could make them a lot more interesting. :mrgr...
by Watty
Wed Dec 13, 2017 4:04 pm
Forum: Personal Consumer Issues
Topic: Downsizing - How much to invest in a house before selling?
Replies: 25
Views: 2268

Re: Downsizing - How much to invest in a house before selling?

If you are using a real estate agent, ask questions and listen. Take their advice sometimes. I would modify that to be talk with several real estate agents before picking one. The last time I sold a house I talked to about six agents on the phone then selected three to let them do a competitive mar...
by Watty
Wed Dec 13, 2017 3:56 pm
Forum: Personal Consumer Issues
Topic: Downsizing - How much to invest in a house before selling?
Replies: 25
Views: 2268

Re: Downsizing - How much to invest in a house before selling?

One more thought. Doing significant repairs could also delay getting your house on the market. In many areas the springtime is the prime selling seasons so one question to consider is what you can actually get done by around March 1st which is not all that far away. If any improvements delay getting...
by Watty
Wed Dec 13, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Office party secret santa, how to give the gift of investing?
Replies: 17
Views: 781

Re: Office party secret santa, how to give the gift of investing?

Giving a share of stock is a bad idea since the cost for them to sell it could be more than it is worth especially if there is an account closing fee if they need to open and close an account just to sell it. Even giving an investing book would not seem very appropriate for an office situation and i...
by Watty
Wed Dec 13, 2017 12:02 pm
Forum: Personal Consumer Issues
Topic: Downsizing - How much to invest in a house before selling?
Replies: 25
Views: 2268

Re: Downsizing - How much to invest in a house before selling?

It really depends on your local market and even the price range within the market. As a general rule if something is actually broken or completely worn out it is almost always a good idea fix it since many buyers will overestimate what the repair might cost and it will make the house seem poorly mai...
by Watty
Wed Dec 13, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Almost fell off my chair...
Replies: 16
Views: 4358

Re: Almost fell off my chair...

Even if you might not like what you see reviewing your statements is important since you only have a limited time to correct any problems. I am not sure about mutual funds but with a bank if you don't report an error, or an unauthorized withdrawal, in 30 to 90 days the bank may not be required to co...
by Watty
Tue Dec 12, 2017 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Tom's First Post needing portfolio help
Replies: 10
Views: 1054

Re: Tom's First Post needing portfolio help

Question 1: I know retirement is a long time away, but how can I try to know what a target amount of money should be for retirement? Asked another way, am I currently on pace to retire in my mid 60s or do I need to save more/live on less? At your age you setting a saving percent goal is really hard...
by Watty
Tue Dec 12, 2017 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Expenses, cash flow in retirement
Replies: 17
Views: 2030

Re: Expenses, cash flow in retirement

Let's say that at the moment, expenses are $6,000 a month and income (pensions, SS) is $4,000 a month. The difference was initially (~ 18 months) made up from after tax savings and more recently, from 401k withdrawals (not really counting that as income, though -- is that wrong?). Soon, will pay of...
by Watty
Tue Dec 12, 2017 4:45 pm
Forum: Personal Consumer Issues
Topic: Ancestry / 23andMe
Replies: 79
Views: 5853

Re: Ancestry / 23andMe

They were pretty unimpressed with inexpensive DNA tests except for some special situations like for adopted people and when there were several people named "John Smith" in the same city and you could not figure out which "John Smith" was your relative. In that situation you might be able to match y...
by Watty
Tue Dec 12, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 70
Views: 5554

Re: Can we afford to live on one income?

... it's pretty rare: only ~20% of married households have a stay at home parent... I would call 0.2% pretty rare. 20% (1/5 of households) is a lot higher than I would have guessed. That number could be misleading. I looked at the link and it is counting any households with kids under 18 so a lot o...
by Watty
Tue Dec 12, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Ancestry / 23andMe
Replies: 79
Views: 5853

Re: Ancestry / 23andMe

My parents have been wanting to get a new computer and I asked my mom what was she wanting to do on the computer, and she mentioned genealogy, which is what gave me this idea. They do not know what computer to get, but has to have a CD drive as my mom has pictures on CD's from Wal-Mart that she wan...
by Watty
Tue Dec 12, 2017 11:11 am
Forum: Personal Consumer Issues
Topic: Ancestry / 23andMe
Replies: 79
Views: 5853

Re: Ancestry / 23andMe

When I started researching my family tree I took a series of free classes that the local genealogy society gave and they had a session on DNA testing. The people giving the classes were professional genealogists. They were pretty unimpressed with inexpensive DNA tests except for some special situati...