Search found 22613 matches

by Watty
Sun Jun 20, 2021 8:36 am
Forum: Investing - Theory, News & General
Topic: What pitfalls do even smart people make when buying a home?
Replies: 152
Views: 12593

Re: What pitfalls do even smart people make when buying a home?

Thinking they will stay in the same house for 30+ years. It happens but your needs will change and "life happens". Buying a house next to unprotected undeveloped land. The land will be developed some day and it may be rezoned and developed in unexpected ways. Using the home inspector that ...
by Watty
Sun Jun 20, 2021 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Debt averse but took 0% car financing over cash rebate. Need advice.
Replies: 56
Views: 3839

Re: Debt averse but took 0% car financing over cash rebate. Need advice.

If it was a mistake, which I am not sure it was, then it is far from the worst financial mistake you will ever make. You are only 31 so you likely have 50+ years of investing ahead of you so this could be a good lesson to think through all the permutations before you make a decision like that. That ...
by Watty
Sat Jun 19, 2021 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Wanted: Dream Home Dilemma
Replies: 14
Views: 2282

Re: Advice Wanted: Dream Home Dilemma

We live in the Pacific NW. Simple homes go for $550k and the middle tier is ~850k. Homes with bigger lots allowing a master on main are $900,000+. Most nice homes don't go on the market and are sold via word of mouth. The house is $1,250,000..... ..... Part of me can't get past the thought of spend...
by Watty
Sat Jun 19, 2021 10:18 pm
Forum: Personal Consumer Issues
Topic: How to best experience the Florida Keys?
Replies: 34
Views: 2764

Re: How to best experience the Florida Keys?

Getting hotel reservations may be a challenge. I've been planning some beach trips at other places and even in non-prime weeks in the fall many places are already fully booked up or real expensive. It seems like everyone wants a beach vacation this year for some reason. :D Especially over Thanksgivi...
by Watty
Sat Jun 19, 2021 8:16 pm
Forum: Personal Consumer Issues
Topic: Quick road trip salt lake to vegas early October
Replies: 21
Views: 1590

Re: Quick road trip salt lake to vegas early October

Sorry.I was in a hurry last night trying to book a SWA flight before the sale ended and forgot to mention the trip is in October. I just looked it up and I was there in 2019 from October 22 through the 24th. We had beautiful cool weather at Zion. We had not planned it but we got lucky and in Zion w...
by Watty
Sat Jun 19, 2021 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home in San Francisco
Replies: 28
Views: 3510

Re: Buying a home in San Francisco

Have your tried to get pre-approved for a loan? If so, what amount are they committing up to? You usually do not want to borrow as much as they will lend you but this is the first thing to do to see if buying is even possible with the type of price you would need to pay. You have a couple of things...
by Watty
Sat Jun 19, 2021 11:49 am
Forum: Personal Consumer Issues
Topic: New gas stove - minimum requirements?
Replies: 18
Views: 1069

Re: New gas stove - minimum requirements?

People have posted about having long delays in getting high end appliances. Part of your decision may be based on what you can actually get in a reasonable amount of time. I like stainless steel, but it's been in fashion so long that I fear it's on its way out. I never understood stainless steel. Wh...
by Watty
Sat Jun 19, 2021 11:39 am
Forum: Personal Investments
Topic: Should I buy house from father in law
Replies: 29
Views: 2718

Re: Should I buy house from father in law

One thing to consider is what happens with the $600K gift if you get divorced in a few years. You might want to have a lawyer write up some sort of agreement about that. Am I missing something? You may want to get the house inspected before you buy it. The discount is so large that I can't imagine t...
by Watty
Sat Jun 19, 2021 11:11 am
Forum: Personal Consumer Issues
Topic: Vintage kitchen appliances -- any experience selling?
Replies: 3
Views: 327

Re: Vintage kitchen appliances -- any experience selling?

If you google the model number of the appliances you may be able to find out if there is a market for them. The model number may be on a label somewhere on the bottom or back of the appliance. If they were restored there may also be a label with the name of the company that restored it. ...but it wo...
by Watty
Sat Jun 19, 2021 10:56 am
Forum: Investing - Theory, News & General
Topic: Is the secret to long term wealth as simple as living below your means and investing in a low cost index fund
Replies: 165
Views: 16678

Re: Is the secret to long term wealth as simple as living below your means and investing in a low cost index fund

It seems like building long term wealth is pretty simple. Live below your means and invest in a low cost total stock market index fund. Am I missing anything other than stay the course? Is it really that easy? Somewhere I pick up a quote that stuck with me that went something like this; You can onl...
by Watty
Sat Jun 19, 2021 9:36 am
Forum: Personal Consumer Issues
Topic: Charlotte Area vs Dallas Area (C vs D)
Replies: 61
Views: 4749

Re: Charlotte Area vs Dallas Area (C vs D)

Have you visited both cities? If not do that before you decide. If you feel comfortable sharing it you might mention the general part of town that each of the offices are located in since that could make a big difference. I am not real familiar with Dallas but if your office is located downtown and ...
by Watty
Sat Jun 19, 2021 8:29 am
Forum: Personal Consumer Issues
Topic: Ford Fusion Transmission issue and how to resolve
Replies: 7
Views: 975

Re: Ford Fusion Transmission issue and how to resolve

Do I have to inform Geico first about doing the repair (if not covered by the recall) before Ford does the repair? Or can I just get reimbursed after paying Geico? If you have some sort of extended warranty through Geico then do not have any work done until they approve the work. If they cover this...
by Watty
Fri Jun 18, 2021 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off a US Bank mortgage
Replies: 5
Views: 509

Re: Paying off a US Bank mortgage

Are there any items we may be missing or savings opportunities to to be aware of? You need to have your insurance company take the mortgage company off your insurance policy. You may be able to raise your deductible higher than the mortgage company would allow, but that may or may not be a good ide...
by Watty
Fri Jun 18, 2021 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can I take a lower paying job? are we on track for FI?
Replies: 11
Views: 1118

Re: Can I take a lower paying job? are we on track for FI?

Thank you, Watty! My husband owes about 5k on his car. Do I still need to save 130K plus to reach FI, though? You can play with websites like Firecalc but a quick back of the envelope calculation would be; Desired retirement income: $100K Combined Social Security: $40K (wild guess) Needed investmen...
by Watty
Fri Jun 18, 2021 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can I take a lower paying job? are we on track for FI?
Replies: 11
Views: 1118

Re: Can I take a lower paying job? are we on track for FI?

Our nest egg is about 1.7 mill (including 116k in a 529 for our only child, who is 11) plus about 300k on our house (already subtracting the mortgage). We have a 220k mortgage at 2.875%, with monthly payments of about $980 but we pay 2k monthly and we throw additional extra money at the mortgage ev...
by Watty
Fri Jun 18, 2021 5:19 pm
Forum: Personal Consumer Issues
Topic: How to save on water costs?
Replies: 78
Views: 4394

Re: How to save on water costs?

Be sure to talk to your neighbors and compare water bills.

If some of them are lower then find out what they are doing differently.
by Watty
Fri Jun 18, 2021 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a $1M house?
Replies: 11
Views: 1712

Re: Buying a $1M house?

....may have more children But in our area, a 5BR house may cost upwards of $1+ million – more than double the value of our current residence. The way you are stating the question is a false choice. If your current house is worth $450K then there are lots of other housing options somewhere in betwe...
by Watty
Fri Jun 18, 2021 4:36 pm
Forum: Personal Investments
Topic: RSUs-sell or keep (FAANG)
Replies: 28
Views: 2017

Re: RSUs-sell or keep (FAANG)

Some things to also consider; 1) In addition to the stock from the RSU you you likely own mutual funds that also own that stock. You may have more exposure to that companies stock than you realize. 2) You likely have RSUs that have not vested yet. That adds even more exposure to the companies stock....
by Watty
Fri Jun 18, 2021 10:39 am
Forum: Personal Consumer Issues
Topic: Quick road trip salt lake to vegas early October
Replies: 21
Views: 1590

Re: Quick road trip salt lake to vegas

How much of Zion can you see without using the shuttle? Probably not enough to be worthwhile. Here is a map of Zion and when you come in from the south you would need to stay on the black road, Highway 9, so you would need to turn to the right not far past the visitor center. https://www.nps.gov/zi...
by Watty
Fri Jun 18, 2021 10:21 am
Forum: Personal Consumer Issues
Topic: Do I Actually Need New Windows, or Am I Being Sold?
Replies: 48
Views: 4606

Re: Do I Actually Need New Windows, or Am I Being Sold?

Something to be aware of is that there is a difference between original windows and most replacement windows because the replacement windows will usually have thicker frames for installation. This reduces the glass space so less light will get in the room and this may be noticable. In made up number...
by Watty
Thu Jun 17, 2021 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $650k house?
Replies: 28
Views: 3238

Re: Can we afford a $650k house?

making ~$550,000 a year. .... We'd do a 20% down payment and so the PITI would be ~$3,400/mo. ..... Income can be volatile as I'm an entrepreneur. The real question is if you can afford a half a million dollar mortgage. With volatile income I would not want a large mortgage like that unless I had a...
by Watty
Thu Jun 17, 2021 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Casual jobs around finance and the markets?
Replies: 6
Views: 991

Re: Casual jobs around finance and the markets?

DonDraper wrote: Thu Jun 17, 2021 10:30 pm I’m 50 and considering retiring from my job in corporate accounting.
It is a bit different from what you asked but doing tax returns would be one option to look into.
by Watty
Thu Jun 17, 2021 10:35 pm
Forum: Personal Consumer Issues
Topic: How long should a car last?
Replies: 90
Views: 6271

Re: How long should a car last?

It seems like even if a car "should" last say, 15 years and 200k (or whatever), the question is really: is your car actually lasting that long? Just because you can think of an average car having a certain lifespan doesn't mean that car will achieve that--some will go on in fine shape for...
by Watty
Thu Jun 17, 2021 10:10 pm
Forum: Personal Consumer Issues
Topic: Quick road trip salt lake to vegas early October
Replies: 21
Views: 1590

Re: Quick road trip salt lake to vegas

You would want to check on the current conditions but when I was at Zion about two years ago cars were not allowed in much of the park so they had shuttle busses that go through the main part of the park. That would be be worthwhile if you would be OK with doing things like standing in line to wait ...
by Watty
Thu Jun 17, 2021 8:21 pm
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 257
Views: 17461

Re: Vacations Plans?

Two beach vacations that are within driving distance are scheduled so far.
by Watty
Thu Jun 17, 2021 1:19 pm
Forum: Personal Consumer Issues
Topic: World Cruise Recommendations
Replies: 38
Views: 2224

Re: World Cruise Recommendations

I am not a "cruise person" but one of the drawbacks of a cruise is that you are mostly limited to things that are near the coast. If you are going to the Caribbean and enjoy seeing different beaches that is OK but you might be missing out on a lot of the inland attractions with an around t...
by Watty
Thu Jun 17, 2021 10:24 am
Forum: Personal Investments
Topic: Do you have a "survival" retirement number?
Replies: 72
Views: 7294

Re: Do you have a "survival" retirement number?

I wonder if anyone also figured out a few other numbers that can be used as milestones prior to reaching the desired number. During the 2008 financial crisis it was not at all clear that it would not spiral out of control and turn into something like the Great Depression. I was in my 50s and virtua...
by Watty
Thu Jun 17, 2021 9:52 am
Forum: Personal Consumer Issues
Topic: Is This Truck Purchase a Bad Idea?
Replies: 60
Views: 3708

Re: Is This Truck Purchase a Bad Idea?

He currently has a 2011 F250 Lariat with 160,000 miles on it. At that milage it the truck could last a lot longer but it is at the point where it will periodically need some repairs each year. With your personal vehicle it is usually not a big deal if it is in the shop a few days each year but when...
by Watty
Wed Jun 16, 2021 8:39 pm
Forum: Personal Investments
Topic: Investing Inheritance & Planning for Early Retirement
Replies: 6
Views: 966

Re: Investing Inheritance & Planning for Early Retirement

Mortgage: $63,369 with a maturity date of July 2030 @ 3.5% Paying that off when you get the money from the house sale would be an easy choice for me. That would be a risk free and tax free guaranteed 3.5% return. My wife and I both have jobs with mandatory 403b, we contribute 5% of our salaries and...
by Watty
Wed Jun 16, 2021 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a grandparents home. Need help deciding rate!
Replies: 8
Views: 1121

Re: Buying a grandparents home. Need help deciding rate!

I have the chance to buy a grandparents home..... Be sure to have the home inspected just like you would if you were buying it from a stranger. There may be things they do not know about and if there is some $20K+ repair a few months after you buy it then things could be real awkward. If you have i...
by Watty
Wed Jun 16, 2021 6:13 pm
Forum: Personal Consumer Issues
Topic: Small (4'X9') space for bathroom?
Replies: 37
Views: 2110

Re: Small (4'X9') space for bathroom?

A couple of random points. 1) Just for brainstorming I have seen toilets that had a small sink built into the top of the toilet tank to save space. 2) I don't think it is a legal requirement but some people will expect a bedroom to have a closet and if that room does not have some other closet then ...
by Watty
Wed Jun 16, 2021 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to retire
Replies: 54
Views: 6036

Re: Best month to retire

Retire when the bad weather in your area ends for the year. Where I live, that is early Spring. That makes sense but being retired through the Thanksgiving/Christmas/New Years holiday can also be nice especially if you are in a business that is hectic during the holidays or at year end. In a normal...
by Watty
Wed Jun 16, 2021 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to retire
Replies: 54
Views: 6036

Re: Best month to retire

Best month to retire Last Month! :D I retired in July and part of the reason for that was that I could then use COBRA for 18 months which would get me through all of that year and part of the next year. If you will be using the affordable care act and can get a subsidy then that may not be an issue...
by Watty
Wed Jun 16, 2021 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Custom Home Build Cost
Replies: 18
Views: 1769

Re: Custom Home Build Cost

If you have not already seen it be sure to check out the White Coat Investor website. It is run by an emergency room doctor who is a regular poster here. https://www.whitecoatinvestor.com/10-biggest-financial-mistakes/ https://www.whitecoatinvestor.com/buying-a-home-the-right-way/ The goal is to bre...
by Watty
Wed Jun 16, 2021 8:15 am
Forum: Personal Consumer Issues
Topic: Vacation Ideas - Christmas Week
Replies: 10
Views: 565

Re: Vacation Ideas - Christmas Week

What are your ideas? Except for when I have had to travel over Christmas to visit family I avoid flying from mid December through the first week of January. The cost and the crowds are one thing but the big issue is that if your flight is canceled or you miss a connection it can be be very difficul...
by Watty
Tue Jun 15, 2021 7:19 pm
Forum: Personal Consumer Issues
Topic: The Future of Cars in Suburbia?
Replies: 73
Views: 5217

Re: The Future of Cars in Suburbia?

I suspect more and more (especially younger, childless) homebuyers will opt for a similar arrangement. My little sister just turned 18 and will be a senior. She's had a job for over 2yrs and has (to date) shown zero interest in even getting her license. She rides an electric scooter to work. Of the...
by Watty
Tue Jun 15, 2021 5:18 pm
Forum: Personal Consumer Issues
Topic: The Future of Cars in Suburbia?
Replies: 73
Views: 5217

Re: The Future of Cars in Suburbia?

Anyone have any useful suggestions about car charging? Ask the electrician how much it would cost to run a 240 circuit out there when the other work is being done and if it would be a lot harder to do later if you do not do it now. Once you have the number you can then decide. One possible complica...
by Watty
Tue Jun 15, 2021 4:33 pm
Forum: Personal Consumer Issues
Topic: How long should a car last?
Replies: 90
Views: 6271

Re: How long should a car last?

She thinks 10 years/100K is about when is reasonable to get rid of a car. I think that a Honda should be able to reach 150K miles easily without dealing with too many major repairs. Assuming that you are not on a real tight budget I agree with your wife. That is basically my car ownership strategy....
by Watty
Tue Jun 15, 2021 3:15 pm
Forum: Investing - Theory, News & General
Topic: What was it like to index during the Lost Decade (1999-2009)?
Replies: 73
Views: 7473

Re: What was it like to index during the Lost Decade (1999-2009)?

How was the Lost Decade for you? The post Dot Com crash was great for my investing since I was in my prime earning years, scared, and saving like crazy. I had dabbled in stock picking in a seperate account during the dot com bubble and that cured me of any illusion that I could do better than index...
by Watty
Tue Jun 15, 2021 2:56 pm
Forum: Personal Consumer Issues
Topic: Buying house 1 million at 40?
Replies: 26
Views: 3040

Re: Buying house 1 million at 40?

- Planning to change schooling district in middle school considering elementary school is average. 6/10. There are lots of threads about figuring out if schools are good or not that you should look up. The Great Schools rankings are pretty useless. It was a while back but I did a cross country corp...
by Watty
Tue Jun 15, 2021 2:02 pm
Forum: Personal Consumer Issues
Topic: Low-Impact Fence Extension?
Replies: 14
Views: 1147

Re: Low-Impact Fence Extension?

....but still pretty disappointing given that there really was no need to be so crazy with the pinata. If one of your biggest problem in the neighborhood is that some of the neighbors sometimes get a little rowdy with piñatas then count yourself lucky. I can understand your concern about the chocol...
by Watty
Tue Jun 15, 2021 9:02 am
Forum: Personal Consumer Issues
Topic: Windows 11
Replies: 48
Views: 4272

Re: Windows 11

I dread the thought of having to pave my machine and install Windows anew and get all the settings just the way I had them before. I also hope they don't bloat the OS with a bunch of useless gimmicks and whirligigs. My big concern is that Microsoft has always been really clumsy about the way they t...
by Watty
Tue Jun 15, 2021 8:56 am
Forum: Personal Consumer Issues
Topic: Selling Mom's Jewelry
Replies: 23
Views: 2441

Re: Selling Mom's Jewelry

2. Sell online – personally not willing to eBay- but would appreciate any services that you can recommend (e.g., Worthy, replacements.com, Everything but the House). Good choice about not using eBay. There are lots of threads about how sellers on eBay have no protection anymore and scammers are tak...
by Watty
Tue Jun 15, 2021 8:19 am
Forum: Personal Consumer Issues
Topic: Buying house 1 million at 40?
Replies: 26
Views: 3040

Re: Buying house 1 million at 40?

Age: 38 &38 Income: ~$300k base + bonus(25-30%) How long have you had your current income and how stable it is? The reason I ask is that it looks like your net worth is only about $900K which is barely more than twice your gross income. I did not really crunch the numbers but I don't see how yo...
by Watty
Mon Jun 14, 2021 5:28 pm
Forum: Personal Consumer Issues
Topic: Value on a flooring remodel
Replies: 11
Views: 1001

Re: Value on a flooring remodel

Do you have any thoughts on the value of this materials and the value they could bring to a house of this price range in a medium cost of living city? The choice of flooring may make your house easier to sell someday but realistically any of them will likely have zero impact on an appraisal of your...
by Watty
Mon Jun 14, 2021 3:59 pm
Forum: Personal Consumer Issues
Topic: Negotiating on a brand new vehicle in current environment. Seller's market?
Replies: 17
Views: 1614

Re: Negotiating on a brand new vehicle in current environment. Seller's market?

The reason I ask... If I send an email to all of the Toyota dealers in my area asking for them to give their best out-the-door price, should I expect some laughs? You can likely see their inventory online to see if they have many is stock but that may be overstated since they may not have updated c...
by Watty
Mon Jun 14, 2021 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: How much does [Seattle area] private school cost?
Replies: 51
Views: 2958

Re: How much does private school cost?

Hidden costs are things like auctions and fundraisers........ Add transportation to the list of additional costs to look into. If you have multiple kids the logistics of getting them to and from school can be formidable especially if they are in different schools that start at different times, like...
by Watty
Mon Jun 14, 2021 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance maturity settlement - long lost policy
Replies: 3
Views: 383

Re: Life insurance maturity settlement - long lost policy

I would call the number on their website, not the letter, to see what is going on.

I would suspect that this might be some sort of life insurance policy that their parents bought for them back then. That was common back then. If their parents are still alive they should ask them about that.
by Watty
Mon Jun 14, 2021 3:14 pm
Forum: Personal Investments
Topic: Windfall management advice on DCA to a 90% stock portfolio
Replies: 19
Views: 1478

Re: Windfall management advice on DCA to a 90% stock portfolio

Some things that may not have been mentioned; 1) One option to consider would be to lump sum invest half the money and DCA the other half. That way you would be at least be half right. :D 2) You did not mention your housing situation. If you have a mortgage then you could pay it off then invest your...
by Watty
Mon Jun 14, 2021 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Reaching retirement goal earlier then expected
Replies: 39
Views: 3696

Re: Reaching retirement goal earlier then expected

I moved the goalposts and set my number higher, and I stopped doing the parts of my job I didn't enjoy. How does one do this? I would love to stop doing the parts of my job I didn't enjoy, but then who does them? Bosses problem…. +1000 Who did your work the last time you were on vacation or were ou...