Search found 13309 matches

by Watty
Thu May 24, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 145
Views: 10623

Re: New(ish) attending physicians in the Bay Area: Housing

I am very curious about where those who are doing regular jobs live in Bay Area if a two tech/physician family can't afford an entry level home. Even big tech companies have a lot of administrative and supportive positions. Good question... I wonder about that myself. I think it's a combination of ...
by Watty
Thu May 24, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 54
Views: 4102

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I would pay it off. Investing the money and getting a higher investment return is harder than it sounds because you have a sequence of returns risk. Here is an example that I have posted before.  If you do not pay it off then you will have more sequence of returns risk. For example in rough numbers...
by Watty
Thu May 24, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 54
Views: 4102

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I would pay it off. Investing the money and getting a higher investment return is harder than it sounds because you have a sequence of returns risk. Here is an example that I have posted before.  If you do not pay it off then you will have more sequence of returns risk. For example in rough numbers ...
by Watty
Thu May 24, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America ATM card not working internationally
Replies: 14
Views: 653

Re: Bank of America ATM card not working internationally

Really I'd just like to know what the issue is so I can plan for it in the future. It seems like the card itself has an issue, but I haven't a clue what it might be. It did work in the US before traveling. Is it possible that the ATM's are trying to use the magnetic strip and not the chip and the m...
by Watty
Thu May 24, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Crypto tokens in private sale prior to ICO
Replies: 21
Views: 1069

Re: Buying Crypto tokens in private sale prior to ICO

My DW works as a freelancer for a small financial company who is planning for initial coin offering (ICO) for their version of cryptocurrency. The company is offering her access to their private sale of crypto tokens prior to their anticipated ICO. The token price in private sale seems to be highly...
by Watty
Thu May 24, 2018 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Life Changes
Replies: 23
Views: 2386

Re: Life Changes

Plus electricity hook up of ~10k. The electric company charges 12/foot for overhead lines. The proposed building site is 2600 ft off grid. First 250 ft free. 29k,! I'm offering 30 k off listed price. The first quote was almost triple what you expected. Before you buy the place it would be good to a...
by Watty
Wed May 23, 2018 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Rental House, Completely Lost on How to Invest
Replies: 7
Views: 657

Re: Selling Rental House, Completely Lost on How to Invest

You will get a lot better suggestions if you post your information in this suggested format.(more or less)

viewtopic.php?f=1&t=6212

There is also a getting started wiki that might be helpful.

https://www.bogleheads.org/wiki/Getting_started
by Watty
Wed May 23, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 45
Views: 1983

Re: Need help with debt strategy

Here is something critical. Apparently Dave Ramsey gives a lot of good advice that has worked for people about how to dig yourself out of things like credit card debt and that is great. The problem is there have been a lot of negative comments about his investing advice and how to manage your money ...
by Watty
Wed May 23, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 153
Views: 4103

Re: Purchasing a house, downpayment vs. retirement and other considerations

wife's parents believe we are too far ahead on retirement savings, and have told us to expect to receive a healthy inheritance of pre-tax money from their 401k. Don't count on that. Here that I have heard of. 1) One of them survives the other and then gets remarried. Things get complicated and the ...
by Watty
Wed May 23, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 45
Views: 1983

Re: Need help with debt strategy

One thing that has not been mentioned is that if your employer has a 401k match then you should get signed up and contribute enough to the 401k to get the match starting with your first paycheck if possible. This is true even though you have the debt. Some 401k plans do the match with each paycheck ...
by Watty
Wed May 23, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: Taxable Account Near Retirement
Replies: 16
Views: 1497

Re: Taxable Account Near Retirement

Question 1. How should I invest in my taxable account when I near retirement. Keeping it in stocks seems someone risky to me considering a possible crash and what not. However, I know that bonds are taxed at a certain rate. I have considered bonds that are tax advantaged, but considering my tax bra...
by Watty
Wed May 23, 2018 9:58 am
Forum: Personal Consumer Issues
Topic: Rental car in Denver, CO
Replies: 11
Views: 679

Re: Rental car in Denver, CO

Be sure to get a quote at a non-airport location since they usually add all sorts of fees and taxes to airport car rentals. I have done things like gotten a one day airport rental that dropped off at a non-airport location the next day at the same time I had a weekly rental reserved. If your dates a...
by Watty
Wed May 23, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Buy this home?
Replies: 39
Views: 3744

Re: Buy this home?

Price Appreciation: 4% (which is conservative for Issaquah based on actual and forecasted) That would imply that the home price would double about every 18 years. Inflation might make that possible but in real inflation adjusted numbers there is a limit to just how much people can pay for a house. ...
by Watty
Wed May 23, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Financial and retirement issues associated w/ moving to Canada
Replies: 11
Views: 796

Re: Financial and retirement issues associated w/ moving to Canada

(assume you are explaining it to a Golden Retriever). US citizens can normally visit Canada for a limited time(six months?) without any special paperwork except for their passport. To actually move there you will need a visa to get permission to stay there longer. Trying to get the visa on your own...
by Watty
Wed May 23, 2018 7:55 am
Forum: Personal Consumer Issues
Topic: Babymoon - Hawaii Recommendations/Expected Costs
Replies: 27
Views: 1577

Re: Babymoon - Hawaii Recommendations/Expected Costs

Probably going to go for 3-4 nights. As others have said that is too short a time for trip to Hawaii even if you are on the west coast. Realistically three nights only means two days of beach time when you are not traveling. If you want to go to Hawaii then figure out how to get some extra days for...
by Watty
Tue May 22, 2018 12:24 pm
Forum: Investing - Theory, News & General
Topic: Predicting income from investment
Replies: 13
Views: 919

Re: Predicting income from investment

You can plug your numbers into firecalc to see how that would have done in the past.

https://www.firecalc.com/
by Watty
Tue May 22, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Buy an old farmhouse?
Replies: 43
Views: 3010

Re: Buy an old farmhouse?

what advice do you have? Be sure to find out what the insurance will cost. Between the pool, probably no fire hydrant, and probably being a long way from the nearest fire station the insurance could cost a lot more than you are expecting. Also consider how long you will be from the nearest hospital...
by Watty
Tue May 22, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 42
Views: 1914

Re: Should I buy a new car?

Mortgage: ~1100/month @ 3.0% (8 years into a 153,000 mortgage) Pay your house off before buying expensive toys. Money is fungible so if you so if you buy the Jaguar then you are in effect using a mortgage to buy it. I've been playing around with the retirement section of Personal Capital and even i...
by Watty
Tue May 22, 2018 10:02 am
Forum: Personal Consumer Issues
Topic: Time For New Car?
Replies: 34
Views: 2343

Re: Time For New Car?

As for the dude who poo-poos the latest safety upgrades, I submit that they are nothing short of breathtaking. The Insurance Institute for Highway Safety agrees. In the approximate order of importance they are: Autonomous emergency braking Backup camera Rear collision mitigation Lane keeping assist...
by Watty
Mon May 21, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buy this home?
Replies: 39
Views: 3744

Re: Buy this home?

Housing prices are ridiculous everywhere. Not even close to being true, the median sales price of existing single family homes in the entire US was $245,500 last quarter. https://www.nar.realtor/sites/default/files/documents/metro-home-prices-q1-2018-single-family-2018-05-14.pdf https://www.nar.rea...
by Watty
Mon May 21, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: International travel for Christmas
Replies: 26
Views: 1281

Re: International travel for Christmas

Any suggestions? Just as standard practice be sure to double check the expiration dates on the passports, as I recall kids passports do not last as long. Some countries require that your passport is valid for six months after your expected return date. I have heard of people getting caught on both ...
by Watty
Mon May 21, 2018 8:49 pm
Forum: Personal Consumer Issues
Topic: Time For New Car?
Replies: 34
Views: 2343

Re: Time For New Car?

Good post. What are the "safety updates"? The driver death rate one way to measure the safety improvements. I am more familiar with the Corolla since that is what I bought in January. The Corolla had a driver death rate of 43 per million registered years in 2014, back in 2004 it was 79 so there has...
by Watty
Mon May 21, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: Time For New Car?
Replies: 34
Views: 2343

Re: Time For New Car?

A lot depends on your means but 12 years is respectable run for a car. At this point you could likely sell it for a non-trivial amount too. Safety equipment has improved a lot in the last 12 years and it may not even have ESC which became standard in 2012. It depends on your means but a significant ...
by Watty
Mon May 21, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Best used SUV, Wagon, Hatch, Pickup under $10k
Replies: 34
Views: 2609

Re: Best used SUV, Wagon, Hatch, Pickup under $10k

A big question is how much you can work on the car yourself. Buying something like a ten year old SUV might make sense if you can maintain it yourself but that could be a money pit of you have to take it into a mechanic everytime some work needs to be done. If you can't do most of the work on a car ...
by Watty
Mon May 21, 2018 8:33 am
Forum: Personal Consumer Issues
Topic: Buy now and wait one more year to move in?
Replies: 17
Views: 1906

Re: Buy now and wait one more year to move in?

We could move now and commute, but it is not ideal (45-55 minutes each way). I am likely to get a job in one year that is 10 minutes from the house we like the most. What happens if you can't actually get that job? That said, when you subtract out vacations and holidays there are about 220 working ...
by Watty
Sun May 20, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Vacation Rental Property as an Investment
Replies: 53
Views: 3988

Re: Buying a Vacation Rental Property as an Investment

Your parents would be doing a lot of the work and could not schedule any travel during the summer months. They will also probably need to be there when people arrive so they will have to work their schedules around that. It would be good to price it as if you were using a property management company...
by Watty
Sun May 20, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Investments that are unique *and* sensible?
Replies: 12
Views: 1314

Re: Investments that are unique *and* sensible?

I would really question looking for "unique" investments. While there can be a valid roll for things like a SPIA in a retirement plan sticking with something like a simple three fund portfolio would be my first choice. With the current interest rates I am really less that lukewarm on I bonds as an i...
by Watty
Sun May 20, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Buying a Home, Seeking Advice
Replies: 16
Views: 1157

Re: Considering Buying a Home, Seeking Advice

the fact that a motel is next door No, don't buy that house. There are worse things that it could be next to. I was once in a dorm that was next to a fire station. If it is fairly priced being in a less desirable location could mean that the house itself is a better house that has been discounted b...
by Watty
Sun May 20, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a phrase for that?
Replies: 14
Views: 1109

Re: Is there a phrase for that?

It took me a bit but I figured out what you are talking about. About five years before I retired I was doing pretty good financially but I was not quite to the point of being able to retire. At that point I cut my retirement savings to just be enough 401k contributions to get my employers match. I u...
by Watty
Sun May 20, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire? Input and advice is welcome!
Replies: 29
Views: 3614

Re: Can I retire? Input and advice is welcome!

Moreover, I'm really looing forward to having free time and doing all of the hobbies and things I've put off for the last 30 year of my working career. How much will those cost? One pitfall of retirement is that you have more time to spend money so it is possible to have higher expenses once you re...
by Watty
Sun May 20, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Rental cars in Europe
Replies: 33
Views: 1873

Re: Rental cars in Europe

One thing to watch out for with two rental car reservations is that you should use different names. I they see two reservations for John Smith at the same time they may assume that you make a mistake and accidentally double booked cars. I was told I needed an International Driving Permit, which I we...
by Watty
Sun May 20, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes
Replies: 23
Views: 2386

Re: Life Changes

Be sure to find out if you can get the permits for a septic system or a sewer hookup and find out how much that will cost. Also check on the quality of the schools in that area. To me there are way too many moving parts and it would be a lot simpler if you just bought the property and built at the s...
by Watty
Sun May 20, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Converting property in to neighborhood park. Trust needed?
Replies: 20
Views: 1162

Re: Converting property in to neighborhood park. Trust needed?

It might make more sense to sell all the property and then use the money to establish a park in a better location.

If there is a HOA then that would be the logical group to manage the property.
by Watty
Sun May 20, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Buying a Home, Seeking Advice
Replies: 16
Views: 1157

Re: Considering Buying a Home, Seeking Advice

I currently am interested in a small home in a nice location, which is priced at $62,500 for about 550 square feet plus an unfinished basement. ...... my monthly payments would be about $280/month. ..... I've always felt that rent was overpriced in my area, and the though of paying $600/month in re...
by Watty
Sun May 20, 2018 10:44 am
Forum: Personal Consumer Issues
Topic: Air conditioner recommendations?
Replies: 17
Views: 1053

Re: Air conditioner recommendations?

But do you think we should look at other brands? Any of the major brands will be fine. You should really get quotes from several companies since prices can vary greatly. You did not say how old the rest of your system is but it sounds like this guy has just been patching it together and that may be...
by Watty
Sun May 20, 2018 10:33 am
Forum: Personal Consumer Issues
Topic: Apple Pay and Paypal
Replies: 8
Views: 640

Re: Apple Pay and Paypal

I would avoid using Paypal for anything you absolutely can. There are too many stories about people having problems with them.
by Watty
Sun May 20, 2018 10:29 am
Forum: Personal Consumer Issues
Topic: Where to find movers for a couch?
Replies: 16
Views: 1083

Re: Where to find movers for a couch?

Any other ideas? Find a friend with a pickup truck for the actual move. We have a pickup truck and that pretty much comes with owning one. For loading it and unloading it ask some of your friends neighbors for help load it, for ten minutes. If they have teenage kids they are fair game too. If you k...
by Watty
Sun May 20, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Wife Retiring hesitant to roll-over funds to Vanguard
Replies: 36
Views: 2488

Re: Wife Retiring hesitant to roll-over funds to Vanguard

One thing to watch out for is that the inheritance rules for a retirement plan may be different and possibly much worse than for an IRA and it may vary by the details of the plan so she would need to look into of that. This will not be in the glossy literature that the HR department hands out so she...
by Watty
Sun May 20, 2018 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 67
Views: 6043

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

freebeer wrote:
Sun May 20, 2018 1:26 am
Its predictions should be taken with a grain of salt.
+1
CULater wrote:
Sat May 19, 2018 12:47 pm
4) One out of two persons living to age 85 will develop Alzheimer's Disease.
This one in particular seems very questionable but it would be hard to get the statistics to disprove it.
by Watty
Sat May 19, 2018 11:15 pm
Forum: Investing - Theory, News & General
Topic: If RMD are large should you still defer into 401k
Replies: 32
Views: 2942

Re: If RMD are large should you still defer into 401k

A huge factor could be the estate planning aspects of choosing to contribute to the 401k or not.

If you will be leaving the money to a charity or to someone that will likely be in a lower tax bracket that could favor putting more money into the 401k or not.
by Watty
Sat May 19, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6640

Re: Helping Adult Children (but not too much)

Her new job starts in the mid 30's, so she isn't exactly rolling in cash, but being debt-free and living in the Midwest I think she'll manage. The median US household income is only about $59,000 so she should be able to do fine. If her lifestyle will be a step down from what she is used to you nee...
by Watty
Sat May 19, 2018 5:35 pm
Forum: Personal Consumer Issues
Topic: Moving to Texas - [Request for clothes, car window tint] recommendations
Replies: 42
Views: 2885

Re: Moving to Texas - [Request for clothes, car window tint] recommendations

One thing to watch out for with the window tinting is that sometimes when you have polarized sunglasses it will have a rainbow effect. I recently bought a new car it had that problem which I suspect was due to cheap window tinting job. They agreed to remove it and refund the money that was charged f...
by Watty
Sat May 19, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5126

Re: Finance a $28,000 house for Brother?

One more thought, it would not hurt for your brother to ask if the seller would take a note on the property and have the seller provide the financing. If they are having trouble selling it then they may be willing to take a note on the property if he can come up with a reasonable down payment especi...
by Watty
Sat May 19, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5126

Re: Finance a $28,000 house for Brother?

As I recall many lenders do not make mortgages for less than about $75,000(???) because a lot of their costs are the same for a $75K loan or a $750k loan so they would rather make fewer large loans. I have not done it but it is apparently possible to buy a house with a home equity loan at some place...
by Watty
Sat May 19, 2018 5:53 am
Forum: Personal Consumer Issues
Topic: Priceline hotels?
Replies: 11
Views: 1205

Re: Priceline hotels?

It has been years since I used them or Hotwire so I am not sure how good they are today. I had a couple of good experiences but then got burned when I got booked into a hotel that was in the middle of a major remodel. Not only was it a construction zone with all the hotel amenities shut down but the...
by Watty
Sat May 19, 2018 5:44 am
Forum: Personal Finance (Not Investing)
Topic: Looking for a custom retirement savings calculator for Airline pilot Direct contribution
Replies: 15
Views: 1203

Re: Looking for a custom retirement savings calculator for Airline pilot Direct contribution

If you can fly a plan then you can learn the basics of Excel, and that would be very useful for the rest of your life. You should be able to master the basics in a couple of evenings. Excel can be overwhelming but you really only need to learn about 5% of it to do simple spreadsheets like you want. ...
by Watty
Sat May 19, 2018 5:32 am
Forum: Personal Finance (Not Investing)
Topic: How to find a realtor after relocating
Replies: 7
Views: 633

Re: How to find a realtor after relocating

But how to get started? Since you will be in town and have a couple of months one option is to go to some open houses on your own at first. You might find a house that you love but while you are at the open house you would also talk to the real estate agent and you might find one that you like. Whe...
by Watty
Fri May 18, 2018 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Help Parents
Replies: 12
Views: 1330

Re: Help Me Help Parents

.... with only a small mortgage of about $650 What are the details about the mortgage? It might make sense to pay it off to reduce their monthly costs. That would net them almost each month as much as the annuity you mentioned. If they need it they could consider a reverse mortgage at some point. T...
by Watty
Fri May 18, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheading...young family looking for advice and open to all feedback
Replies: 17
Views: 1076

Re: New to Bogleheading...young family looking for advice and open to all feedback

nickteller25 wrote:
Fri May 18, 2018 4:58 pm
Car loans: 50k @ 5%
Those are really bad interest rates, if you have good credit you can probably get closer to 3% if you refinance.

Here is an example of one credit unions rates.

https://www.penfed.org/auto/refinance
by Watty
Fri May 18, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-Retirement Check
Replies: 15
Views: 1598

Re: Pre-Retirement Check

Desired Annual Spending Roughly $100,000 + taxes + health insurance premiums. You really need to come up with a better number than that. With tax software you can do dummy tax returns, including state taxes, to get an idea of how much you will need to have $100K after taxes and other expenses. For ...