Search found 10498 matches

by Watty
Wed Jun 28, 2017 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: Ack! I just quit my job at 63.
Replies: 3
Views: 855

Re: Ack! I just quit my job at 63.

Currently WAY beyond a recommended allocation of Stocks/Bonds (about 80/20 now) for my age. ..... Should I drop it all in a Vanguard 2020 for preservation in this market? 2025? 2030? Since all your funds are in a retirement accounts there are not any tax consequences for moving the money around now...
by Watty
Wed Jun 28, 2017 11:22 pm
Forum: Personal Consumer Issues
Topic: Buying house - Very important decision
Replies: 18
Views: 874

Re: Buying house - Very important decision

I didn't even try to crunch the numbers but you can't really afford a $400K+ mortgage on your income even if the lender will loan you that much. In addition to the mortgage payment you will have property taxes, maintenance, and you probably would want to furnish the home too.
by Watty
Wed Jun 28, 2017 11:15 pm
Forum: Personal Consumer Issues
Topic: Lexus RX400h - smoke from hood. What could be the issue?
Replies: 9
Views: 482

Re: Lexus RX400h - smoke from hood. What could be the issue?

Get it towed to a mechanic. If you run the engine without coolant you can QUICKLY ruin it. I have heard of several people that have done this and they regret not spending a hundred bucks on a tow when they have to pay many thousands on a new engine. In some cases the car can be totaled if the car is...
by Watty
Wed Jun 28, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Retire at 55 on $41K/yr fixed pension with $1MM portfolio?
Replies: 4
Views: 843

Re: Retire at 55 on $41K/yr fixed pension with $1MM portfolio?

I will be eligible for retiree insurance through my company, but who knows how much that’s going to be in the future. One thing to check into is how that insurance will work in the areas you are looking at moving to. If there is a strong incentive to use in-network doctors that could be an issue if...
by Watty
Wed Jun 28, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Etiquette regarding fence on my property (adverse possession)
Replies: 10
Views: 867

Re: Etiquette regarding fence on my property (adverse possession)

When this was found it would have good to have asked the prior owner to get it fixed, or make a concession for the loss of land before the sale went through. Things like this are one of the reasons do a survey. At this stage I would talk to him and offer to pay to have the fence moved as a goodwill ...
by Watty
Wed Jun 28, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 186
Views: 20681

Re: Early Retirement - what to do about healthcare?

But pre-ACA (and now maybe post-ACA), one always has the option to buy private insurance, not through an employer, right? Some people with pre-existing conditions were uninsurable in the private market, pre ACA. Not that insurance was very expensive, but that it could not be obtained at any price. ...
by Watty
Wed Jun 28, 2017 2:56 pm
Forum: Personal Consumer Issues
Topic: Traveling with 5 and 2 Year Old from Atlanta to Orlando - Is It Worth Flying?
Replies: 46
Views: 1358

Re: Traveling with 5 and 2 Year Old from Atlanta to Orlando - Is It Worth Flying?

One consideration is that September is still a prime time for hurricane season, even a tropical store could mean lots of flight delays. If you fly I would try to take an early direct flight so there is less chance of a flight delay. (we are north metro ATL). Me too. You could leave the night before ...
by Watty
Wed Jun 28, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 7623

Re: Middle age job blues

Mamager leading onshore/offshore developers. This team might get consolidated with another team in a different location. Have you put your resume out to see what the job market is like with those skills? I would think that there would be a lot of demand for that so you may be worrying needlessly. I...
by Watty
Wed Jun 28, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: Need Credit Card for International Travel
Replies: 20
Views: 1133

Re: Need Credit Card for International Travel

I got a new "chip and pin" dual purpose debit credit card from my credit union. It always works as a credit card overseas, and no foreign transaction fees. I also used cash, as the exchange rate from dollars to British pounds is pretty decent. I get my cash from AAA when I can. My experie...
by Watty
Wed Jun 28, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 7623

Re: Middle age job blues

I survived by helping others advance themselves, by being generous with credit and reticent with blame. +1 It was not planned but in the informal network I was often the person that people from inside and outside of IT came to me and said, "I'm having problem finding a bug or getting the month...
by Watty
Tue Jun 27, 2017 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: A few random investing questions from a beginner (first post)
Replies: 4
Views: 409

Re: A few random investing questions from a beginner (first post)

1. Do I-Bonds always lose money in real terms due to taxes? According to this calculation, the higher the inflation rate, the worse they'll perform. Ex: $10k of I-bonds become say $30k when they mature, in real terms, the purchasing power is still only $10k. However, the $20k gain is taxed, and beco...
by Watty
Tue Jun 27, 2017 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 7623

Re: Middle age job blues

I retired from a fairly large corporate IT department about two years ago just before I turned 59. Is this accurate? It is more complex than just saying that older IT workers are doomed. One thing to remember it that employment in IT has grown a LOT in the last four decades. I started my IT career r...
by Watty
Tue Jun 27, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Things to consider when going from employee to independent contractor
Replies: 13
Views: 730

Re: Things to consider when going from employee to independent contractor

I agree with this, at a minimum she should be getting 25% to 50% more in hourly wage as compensation for everything she is loosing. +1 She will also have to spend time finding future contracts and may have gaps between contracts. She will also not have unemployment insurance. It very well may be wo...
by Watty
Tue Jun 27, 2017 9:02 am
Forum: Personal Consumer Issues
Topic: Need Credit Card for International Travel
Replies: 20
Views: 1133

Re: Need Credit Card for International Travel

Be sure to let your bank know of your travel plans. Some banks have tightened their anti-fraud checking so there is a risk that using a brand new credit card outside of the country will trigger a fraud alert and cause your charges to be declined. If possible you may want to book and pre-pay for your...
by Watty
Tue Jun 27, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: Best way to look for a "long-term" rental
Replies: 6
Views: 627

Re: Best way to look for a "long-term" rental

One thing to do is to call hotels directly(not their 800 number) and ask to talk to a manager. They may be able to give you a good price that you will not find on the internet. It would not work in many situations but "thinking outside the box" one option is to buy a used RV or trailer and...
by Watty
Tue Jun 27, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Advice for relative with mostly cash and 7-10 years to retirement?
Replies: 25
Views: 1712

Re: Advice for relative with mostly cash and 7-10 years to retirement?

If they have a mortgage then paying that off might be a good choice for a risk averse person.
by Watty
Tue Jun 27, 2017 7:33 am
Forum: Personal Consumer Issues
Topic: Cruise With The Grandkids
Replies: 31
Views: 1876

Re: Cruise With The Grandkids

Getting the first passport can take a while since they might need to order things like birth certificates too so start on that soon. The fees for passports went up a few years ago so getting four passports will not be inexpensive. Be cautious about booking a trip anytime soon if they do not already ...
by Watty
Tue Jun 27, 2017 6:47 am
Forum: Personal Consumer Issues
Topic: Etiquette question regarding access easement usage
Replies: 24
Views: 2129

Re: Etiquette question regarding access easement usage

One way to go about this is to introduce yourself to him and let him know that you will be using the access a bit more. You could offer to help with the maintenance of the common part of the road. --vtMaps +1 He might not even realise that there is an easement so keep that in mind when you introduc...
by Watty
Tue Jun 27, 2017 6:24 am
Forum: Investing - Help with Personal Investments
Topic: (Almost) every day I make a financial mistake more costly than the day before
Replies: 39
Views: 3449

Re: (Almost) every day I make a financial mistake more costly than the day before

There is a wiki on dollar cost averaging vs lump sum investing. https://www.bogleheads.org/wiki/Dollar_cost_averaging Choosing what to do is not just a numerical exercise in figuring out the optimal theoretical strategy, you really need to take your investing temperament into account since doing som...
by Watty
Mon Jun 26, 2017 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Can we retire early?
Replies: 16
Views: 3260

Re: Can we retire early?

The concentrated stock position was indeed from an employer plan and we are working to diversify out of that. The viewpoint that the risk this presents offsets the tax implications of selling in context of our current plan is helpful. When looking at possible selling strategies one thing to conside...
by Watty
Mon Jun 26, 2017 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: Critique first IPS and Planned Transactions
Replies: 4
Views: 281

Re: Critique first IPS and Planned Transactions

A couple of things that you might add; 1) Your plans for for your kids college expenses and if you will pay for their college.(there is not one right answer) 2) Your plans for how you will decide when to start Social Security. 3) Your car buying plans and how you will save to pay cash or if you will...
by Watty
Mon Jun 26, 2017 8:57 pm
Forum: Personal Consumer Issues
Topic: Help, realtors disagree. Take out bookshelves, hidden bed combo before listing?
Replies: 43
Views: 2425

Re: Help, realtors disagree. Take out bookshelves, hidden bed combo before listing?

One other thing to keep in mind when the house goes on the market whenever it is show your agent should be calling the agent that showed the house to get feedback on what the buyer thought about the house. If the unit is an issue with first buyers that see the house then you can quickly take it out ...
by Watty
Mon Jun 26, 2017 3:49 pm
Forum: Personal Consumer Issues
Topic: Help, realtors disagree. Take out bookshelves, hidden bed combo before listing?
Replies: 43
Views: 2425

Re: Help, realtors disagree. Take out bookshelves, hidden bed combo before listing?

which actually looks like built- in bookshelves But it is not a built in so technically it is not part of the house, it is basically furniture. It the next buyer wants it then there will need to be a separate purchase agreement to handle that unit just like they are buying your sofa. One potential ...
by Watty
Mon Jun 26, 2017 3:12 pm
Forum: Personal Consumer Issues
Topic: Home insurance post-payoff?
Replies: 10
Views: 977

Re: Home insurance post-payoff?

One thing to keep in mind is that in expensive areas the value of the lot can be a lot more than the value of the house so you might only need enough insurance to rebuild the building.
by Watty
Mon Jun 26, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Can we retire early?
Replies: 16
Views: 3260

Re: Can we retire early?

Annual Expenses: $110k ... Age: DH 49, DW 47 Assumptions DH wants to retire this year, does not have a pension. DW wants to retire at age 60 and will start collecting a pension (25k/yr). DH start collecting SS at age 70 (37k/yr) DW start collecting SS at age 62 (20k/yr) It was not clear if the $110...
by Watty
Mon Jun 26, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: How do you calculate "enough" for retirement accounts?
Replies: 14
Views: 1979

Re: How do you calculate "enough" for retirement accounts?

+1 on using Firecalc to so how your investments would have grown in 23 years in the past. The high and low results will be extremely different so you can't count on getting average returns. I have put all my IRA / 401K money into Vanguard's 2045 retirement fund. Another big issue for you is that the...
by Watty
Sun Jun 25, 2017 11:06 pm
Forum: Personal Consumer Issues
Topic: Buy condo at Trump Tower Chicago a good deal?
Replies: 24
Views: 3256

Re: Buy condo at Trump Tower Chicago a good deal?

Be sure to take an extra hard look at the condo association's finances. With that many units for sale I would be concerned that the numbers might not be good and there could be large increases in the condo fees.
by Watty
Sun Jun 25, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Just found out my wife is pregnant.
Replies: 15
Views: 2127

Re: Just found out my wife is pregnant.

Congratulations :beer ...my wife really wants to be a stay at home mom with an at home business. If you have tax software it would be good to do dummy tax returns to figure out what your numbers will look like after taxes and after daycare to determine the financial impact of her being a stay at hom...
by Watty
Sun Jun 25, 2017 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Another Roth vs. Traditional debate, but for high-income Feds
Replies: 15
Views: 1452

Re: Another Roth vs. Traditional debate, but for high-income Feds

They stressed that if they had to do it again (they all had 30+ years of service) today, they would max out TSP in Roth and not bother with traditional contributions. Their reasoning was as follows: 1. Feds will get a hefty pension, especially those who are FERS Special, so there will be less space...
by Watty
Sun Jun 25, 2017 10:04 pm
Forum: Personal Consumer Issues
Topic: Things to do in Iowa/Nebraska
Replies: 64
Views: 2843

Re: Things to do in Iowa/Nebraska

I have not been there for decades but the Amana colonies in Iowa would be worth considering. https://www.tripadvisor.com/Attraction_Review-g29354-d108558-Reviews-Amana_Colonies_National_Historic_Landmark-Amana_Iowa.html I never made it there but the Sand Hills are a very unusual large geographic fea...
by Watty
Sun Jun 25, 2017 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Full Insurance Picture
Replies: 10
Views: 645

Re: Full Insurance Picture

....but would appreciate any insight if there are other areas I should be thinking about. Life insurance for your wife. You have high income so you could likely afford to hire people to take care of your kids but if you lost her you might need to take time off work to deal with your loss or to be w...
by Watty
Sun Jun 25, 2017 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: irrevocable trust for children receiving an inheritance
Replies: 50
Views: 2836

Re: irrevocable trust for children receiving an inheritance

I'm just curious, does the trust say anything about any future grandkids that might still be born being included in the trust? If so then splitting up the trust now might leave any future grandkids with nothing. If the kids are still young you might also be making any big decisions too early. You mi...
by Watty
Sun Jun 25, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Hello and how are we doing?
Replies: 6
Views: 1323

Re: Hello and how are we doing?

I think you are doing well. My only suggestion would be to use some of the cash to pay off some of the mortgage if the rate merits such an action. Even if you are a year or two out from buying a new house you will probably come out ahead. In addition I would use some of the cash to more fully fund ...
by Watty
Sun Jun 25, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: New military officer. Is the Roth TSP the obvious choice?
Replies: 20
Views: 1455

Re: New military officer. Is the Roth TSP the obvious choice?

There is a wiki on this choice that might help. https://www.bogleheads.org/wiki/Traditional_versus_Roth Be sure to consider your state taxes too. In you are filing taxes in a state with low or no state income tax then that would greatly favor using a Roth in the federal 15% tax bracket since you mig...
by Watty
Sun Jun 25, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Leave a good boss for career advancement?
Replies: 12
Views: 1220

Re: Leave a good boss for career advancement?

One risk is that the Peter Principle says that people rise in a corporation to their level of incompetence. By turning down a good promotion that could be taken as a sign that you are somehow already at your limits and looking to just coast in your current job. Future promotion may be much harder to...
by Watty
Sat Jun 24, 2017 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Old 401k
Replies: 4
Views: 409

Re: Old 401k

Here are some wikis that might help. https://www.bogleheads.org/wiki/Tax-efficient_fund_placement https://www.bogleheads.org/wiki/Three-fund_portfolio One option is to just roll your old 401k money into a an IRA where you have a selection of pretty much any mutual fund that you want. Two reasons tha...
by Watty
Sat Jun 24, 2017 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: ETFs or Mutual Funds for an inexperienced investor
Replies: 32
Views: 1563

Re: ETFs or Mutual Funds for an inexperienced investor

i would encourage you to use mutual funds and not worry with the ETFs. that is what i do and find it much simpler +1 I retired recently and one of the things I did was to try to simplify my portfolio to make it easier to manage when I am older or if my less knowledgeable wife has to manage it some ...
by Watty
Sat Jun 24, 2017 9:52 pm
Forum: Personal Consumer Issues
Topic: Travel to Kazakhstan - Health Insurance
Replies: 12
Views: 1116

Re: Travel to Kazakhstan - Health Insurance

Here is a link to a prior thread where a source for travel insurance is discussed, I would give them a call and see what they say.

viewtopic.php?t=214717

Also check with your health insurance company to see what coverage you have overseas.
by Watty
Sat Jun 24, 2017 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: 58 years old and laid off seeking advices
Replies: 43
Views: 5244

Re: 58 years old and laid off seeking advices

Well, if your living expenses are $65,000 a year, that implies a withdrawal rate from your investments of about 2%. So pretty much you have won the game. And you will eventually be getting Social Security. There are a lot of details to figure out but things should be fine and you likely have 18 mon...
by Watty
Sat Jun 24, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my 92 yo grandfather
Replies: 11
Views: 838

Re: Help me help my 92 yo grandfather

For the stocks with significant capital gains it likely makes sense for him to just keep them until they go to his estate since the estate would get them at a stepped up cost basis and the capital gains taxes would never need to be paid. If he supports a charity then it could give them shares of the...
by Watty
Sat Jun 24, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: Stop saving and start spending
Replies: 63
Views: 7469

Re: Stop saving and start spending

Thanks for all the thoughtful responses. Let me share a couple of additional details. Our high income has started in the past 4 years due to promotions at work. We have been saving close to $175K a year, including paying off the mortgage. I am the primary bread winner and i have a good amount of li...
by Watty
Sat Jun 24, 2017 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date Retirement a Good Option?
Replies: 10
Views: 1323

Re: Target Date Retirement a Good Option?

I'm new to investing .... One thing to keep in mind is not the the percentage number the ER is but also what that is in dollar terms. If you put $10,000 into the 401K an ER of 0.35% is $35. By going to a three fund portfolio of lower cost index funds you might be able to cut that down by $25 if eve...
by Watty
Sat Jun 24, 2017 12:05 pm
Forum: Personal Consumer Issues
Topic: Bay Area housing
Replies: 69
Views: 5215

Re: Bay Area housing

If we had bought years ago, we'd be hundreds of thousands of dollars better off and my SO just doesn't get it. You would have years of house payments that would have been invested during a very strong stock market and the would at least partially offset any housing gains. .....and would hold the co...
by Watty
Sat Jun 24, 2017 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Crazy(?) Adviser Advice: "I don't believe in bonds"
Replies: 48
Views: 4590

Re: Crazy(?) Adviser Advice: "I don't believe in bonds"

In addition to 100% stocks it is also very likely that he was also selecting higher risk stocks in the hopes of getting a higher return. In order to justify his fees he has to bet big with your money and hope that he gets lucky and looks like a genius. If he loses the bet then he still got your fees...
by Watty
Sat Jun 24, 2017 11:23 am
Forum: Personal Consumer Issues
Topic: Cars my only weakness, make me feel bad!!
Replies: 32
Views: 1936

Re: Cars my only weakness, make me feel bad!!

My last 3 cars out the door (paid cash no trade-in so all in price) were $53k, $44k, and $34k. Currently have: $280k House Owned in Full $140k in ROTH $390k in 401k M36/F40 make me feel bad!! From what you have said your net worth is is about $800K and you have spent $131K on expensive cars. In lux...
by Watty
Sat Jun 24, 2017 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Combining IRA's in retirement
Replies: 5
Views: 424

Re: Combining IRA's in retirement

I would combine them to make things simpler. If you are in a nursing home some day you want things to be as simple as possible.
by Watty
Sat Jun 24, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: Stop saving and start spending
Replies: 63
Views: 7469

Re: Stop saving and start spending

In addition to wanting to do things while your kids are still at home there is a reasonable chance that either you or your spouse will either not live to be 60 or will have significant health problems by the time you are 60. I have seen this happen to a lot of people. annual income of $400K...... In...
by Watty
Sat Jun 24, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Can we/should we afford a $2M house?
Replies: 58
Views: 6785

Re: Can we/should we afford a $2M house?

A few things; With a new custom built home you also need to be sure to budget for things like landscaping, curtains, and furnishing the home. That can vary wildly but for a $2M house that could easily be $50K or more. With a large mortgage payment and property taxes you will need a very large emerge...
by Watty
Fri Jun 23, 2017 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: American Airlines double charged me!
Replies: 8
Views: 1556

Re: American Airlines double charged me!

Dispute the second charge with the credit card company.
by Watty
Fri Jun 23, 2017 9:46 pm
Forum: Personal Consumer Issues
Topic: Bitcoin in the event of owner death
Replies: 10
Views: 1150

Re: Bitcoin in the event of owner death

When I travel I keep important information like my credit card numbers and a scan of my passport on an encrypted USB flash drive. That way if I lose my wallet I will have the numbers to cancel the credit cards and a copy of my passport for getting a replacement. If you go to some place like Amazon a...

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