Search found 22893 matches

by Watty
Mon Jul 26, 2021 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage vs. investment -- cap gains consideration
Replies: 9
Views: 1056

Re: Paying off mortgage vs. investment -- cap gains consideration

$500k remaining on a refinanced 2.75% mortgage. So, currently, the cap gains hit is about $60k or so. In future years (5+ years hence), some/most could be used at a significantly lower rate (40% less by moving to a no-tax state, For perspective 40% of $60k is $24K that might save if your actually m...
by Watty
Mon Jul 26, 2021 8:02 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate how many X expenses you have?
Replies: 35
Views: 1973

Re: How do you calculate how many X expenses you have?

You are likely overthinking this. The "X" times expenses is pretty meaningless since you will have different expenses in different phases of retirement. I'm confused by these two statements. The second statement says he needs to think about it a lot more, but the first statement says he's...
by Watty
Mon Jul 26, 2021 7:55 am
Forum: Personal Consumer Issues
Topic: Delete gmails
Replies: 18
Views: 2853

Re: Delete gmails

Note that archive and delete are different concepts in gmail: https://www.nytimes.com/2018/06/15/technology/personaltech/gmail-archive-delete.html I have thousands of gmails and don't want to delete them. If I archive all of them, will I free up storage space? You can also just find all your large ...
by Watty
Sun Jul 25, 2021 11:45 pm
Forum: Personal Consumer Issues
Topic: Delete gmails
Replies: 18
Views: 2853

Re: Delete gmails

Here is how to delete all emails before a certain date.

https://support.google.com/accounts/thr ... date?hl=en
by Watty
Sun Jul 25, 2021 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate how many X expenses you have?
Replies: 35
Views: 1973

Re: How do you calculate how many X expenses you have?

You are likely overthinking this.

The "X" times expenses is pretty meaningless since you will have different expenses in different phases of retirement.
by Watty
Sun Jul 25, 2021 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Paper Checks - Single, Duplicate, High Security?
Replies: 19
Views: 1236

Re: Paper Checks - Single, Duplicate, High Security?

If I keep track of what checks I've written in a ledger, so is there any really any point to having duplicates? I figured maybe in case of fraud... Having a duplicate will allow you to see if you transposed some number in the ledger or to double check the original if you can not read some number in...
by Watty
Sun Jul 25, 2021 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Take advantage of high used car prices to "upgrade" to current year model?
Replies: 12
Views: 1911

Re: Take advantage of high used car prices to "upgrade" to current year model?

I did something like this a few months ago. I was getting offers for a three year old Corolla for more than I paid for it and I wanted a larger car. I replaced it with a Forester. Here is a post on another thread where gave the details. https://www.bogleheads.org/forum/viewtopic.php?f=11&t=34672...
by Watty
Sun Jul 25, 2021 9:00 pm
Forum: Personal Investments
Topic: Another portfolio review, as I approach retirement
Replies: 5
Views: 918

Re: Another portfolio review, as I approach retirement

401K, have reduced to 10K/year and it’s going to Roth. Sine you are over 55 you can contribute up to $26K a year so there is $16K that you are not using. Here are two things you can do with that $16K of 401k space. 1) Make extra Roth 401k contributions each month and use money from the taxable acco...
by Watty
Sun Jul 25, 2021 7:18 pm
Forum: Personal Investments
Topic: Starting Over
Replies: 21
Views: 2412

Re: Starting Over

....kid college funds well-stocked House, 400k remaining on mortgage..... .....1.7 in investments, some stocks, but mostly cash (see above) ...... How would you proceed please? If the cash is in a taxable account then I would go on and pay off the mortgage and then fully fund the college fund if &q...
by Watty
Sun Jul 25, 2021 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about selling my home.
Replies: 16
Views: 1321

Re: Questions about selling my home.

When selling a home do you interview some real estate agents first and then make a decision.... The last time I sold a house I talked to at least six real estate agents on the phone then I selected three of them to come to the house to see it then return a few days later to present a competitive ma...
by Watty
Sun Jul 25, 2021 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage vs. investment -- cap gains consideration
Replies: 9
Views: 1056

Re: Paying off mortgage vs. investment -- cap gains consideration

And then there is that little detail about capital gains tax -- at 15% fed, 10% state + whatever NIIT, it's a 25% hit on my gain, which is about 40% of my total portfolio. So, currently, the cap gains hit is about $60k or so. Two things to consider. 1) Can you figure out some scenario where you wou...
by Watty
Sun Jul 25, 2021 4:48 pm
Forum: Personal Investments
Topic: Early Retirement Recommendation
Replies: 4
Views: 1203

Re: Early Retirement Recommendation

Being that I wanted to be at a 60/40 allocation but am now at a 72/28 how would I even go about re-balancing such a large amount in an efficient manner if I wanted to reduce my stock allocation? Two things; 1) Change the mutual funds in your taxable account to not automatically reinvest any dividen...
by Watty
Sun Jul 25, 2021 4:23 pm
Forum: Personal Consumer Issues
Topic: Need travel help
Replies: 33
Views: 2140

Re: Need travel help

why do you say too early? Most of Europe is open and I'm planning a few trips this winter. Couldn't travel last year, no way I'm avoiding travel now. The upswing in cases with the Delta variant is a big concern along with reports of people who are vaccinated getting it even if they are asymptomatic...
by Watty
Sun Jul 25, 2021 11:12 am
Forum: Personal Investments
Topic: Sold primary home with gains, now what to do?
Replies: 8
Views: 1223

Re: Sold primary home with gains, now what to do?

So there is no “move to a cheaper rental”. If there is something that you are unhappy with about your current rental then you might consider a more expensive rental since you can likely afford it and it sounds like you will only need it for a few years. Rent is painful $5750 mo. ... What would you ...
by Watty
Sun Jul 25, 2021 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Have you ever taken a huge salary cut to live somewhere you wanted to be?
Replies: 33
Views: 3962

Re: Have you ever taken a huge salary cut to live somewhere you wanted to be?

....but it's a beautiful place and I've wanted to go back for 20 years. Be sure to carefully research what the winters will be like where you would be living. I have not ever lived there but from talking with people it sounds like winters can be pretty hard. There will also be times when the sun se...
by Watty
Sun Jul 25, 2021 8:33 am
Forum: Personal Consumer Issues
Topic: Need travel help
Replies: 33
Views: 2140

Re: Need travel help

With the pandemic it is probably way too soon to be planning a big trip so everyone is finding trip planning frustrating. When things get back to normal for traveling in Europe the Rick Steeves books work really well and he also has a web site with a forum. I have not done one but he also does tour ...
by Watty
Sat Jul 24, 2021 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Use credit card at stores instead of debit?
Replies: 134
Views: 7599

Re: Use credit card at stores instead of debit?

I have never used a debit card. When the credit union sends an ATM/debit card, I call them and they make it an ATM card only. Me too. I have even had a bank tell me they no longer issued plain ATM cards and they only issed debit cards now when I called the 800 phone number after they sent me a new ...
by Watty
Sat Jul 24, 2021 7:37 pm
Forum: Investing - Theory, News & General
Topic: Psychology behind TOO much emergency fund
Replies: 48
Views: 3068

Re: Psychology behind TOO much emergency fund

I have cash worth 150,000 (investable) sitting in a bank ..... A) 100% stock (~620,000 spread between retirement/investment account). ..... and have 210,000 left in mortgage For a $770k combined portfolio that would be about 71% stocks and 29% cash and 0% bonds. The 71% stock asset allocation would...
by Watty
Sat Jul 24, 2021 2:14 pm
Forum: Personal Consumer Issues
Topic: Replacing an 'old' car - options?
Replies: 12
Views: 936

Re: Replacing an 'old' car - options?

I would not want to put 4K into a 20-year old Toyota. If you get it repaired, there may be other problems occurring later due to having been in an accident, or just due to age. +1 Whenever I have had a fender bender they always found additional work that needed to be done once they took it apart to...
by Watty
Sat Jul 24, 2021 1:42 pm
Forum: Personal Investments
Topic: Worried I am getting addicted to individual stocks.
Replies: 126
Views: 10786

Re: Worried I am getting addicted to individual stocks.

FYI, this is a two year old thead that restarted.
by Watty
Sat Jul 24, 2021 1:39 pm
Forum: Personal Investments
Topic: Sell Rentals?
Replies: 19
Views: 1884

Re: Sell Rentals?

mdavis6890 wrote: Sat Jul 24, 2021 11:11 am so I think that would be something like a $20-25k tax bill now.
Taxes are of course critical to know and factor into your plans but if you could save $10K by delaying the sale then that could quickely be offset if you have a large expense like needing a new roof if you keep it longer.
by Watty
Sat Jul 24, 2021 10:28 am
Forum: Personal Investments
Topic: Employer to only match while using financial advisor/firm
Replies: 89
Views: 4983

Re: Employer to only match while using financial advisor

One other thing to check on is what the vesting schedule is for the employer match.

At least for a 401k she could end up leaving that job after a few years only to find that she is not fully vested and will lose at least part of the employer match.
by Watty
Sat Jul 24, 2021 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford to retire early?
Replies: 5
Views: 1172

Re: Can I afford to retire early?

You might get a different answer if your title was “Can I afford to be a stay at home Dad?” I agree. If you do become a stay at home dad you will likely find that it is one of the hardest jobs that you have ever done. My wife was a stay at home mom and I would have been in big trouble if I ever cal...
by Watty
Fri Jul 23, 2021 11:13 pm
Forum: Personal Consumer Issues
Topic: Help with incessant beeping in neighbor's house
Replies: 27
Views: 3239

Re: Help with incessant beeping in neighbor's house

They likely have someone that mows their grass. Leave a note for them and have someone try to catch them while they are there. They likely have the owners contact information.
by Watty
Fri Jul 23, 2021 10:52 pm
Forum: Personal Consumer Issues
Topic: Need to buy an Outback before 8/31
Replies: 18
Views: 2886

Re: Need to buy an Outback before 8/31

Have you checked prices for used ones? Prices aren't worth going used ones. I'm just going to buy new and keep it (we would have kept this one longer but the crazy used car prices this year when the kid was going to buy a car changed our plans). How much is your 2015 outback worth? I would think th...
by Watty
Fri Jul 23, 2021 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to change careers, but feel stuck. Dissatisfied with life.
Replies: 51
Views: 6433

Re: Looking to change careers, but feel stuck. Dissatisfied with life.

I work a fairly tedious government job at a state agency that pays ~$54K gross. .... However, I've been there for a little over 5 years, and I have basically peaked with regards to earnings and promotions Even with the pension that is not a great income for someone with a college degree and five ye...
by Watty
Fri Jul 23, 2021 7:41 pm
Forum: Personal Investments
Topic: Sell Rentals?
Replies: 19
Views: 1884

Re: Sell Rentals?

One advange of selling now is that most housing markets are very strong and it likely will be easy to sell them quickly and at a good price. In a sellers market buyers may not be too picky about every little problem that comes up in a house inspection. If you keep them and then change your mind in a...
by Watty
Fri Jul 23, 2021 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: How hard do I need to keep saving?
Replies: 32
Views: 4764

Re: How hard do I need to keep saving?

You might want to look at this website which tracks the driver death rate by car model and look up your car models. They look at the driver death rate since every car has one driver, but there can be a variable number of passengers. https://www.iihs.org/ratings/driver-death-rates-by-make-and-model ...
by Watty
Fri Jul 23, 2021 12:06 am
Forum: Personal Consumer Issues
Topic: Board games
Replies: 53
Views: 3643

Re: Board games

A lot of the suggestions above take a lot of table space and probably wouldnt be good for a travel trailer. That was my thought too, but they mentioned doing jigsaw puzzles so they may have spaces. They are oldies but cribbage and backgammon are worth considering for two people and they work well o...
by Watty
Thu Jul 22, 2021 6:55 pm
Forum: Personal Investments
Topic: Seeking Wisdom...what should I do?
Replies: 26
Views: 1740

Re: Seeking Wisdom...what should I do?

Savings in general $23k I'd like to hear your thoughts and suggestions. Unless I missed it I did not see any mention of a car fund so you will be able to pay cash(or mostly pay cash) when you need a replacement car. I would suggest using the extra $1,500 a month to build up both a car fund and larg...
by Watty
Thu Jul 22, 2021 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: How hard do I need to keep saving?
Replies: 32
Views: 4764

Re: How hard do I need to keep saving?

Very interesting stats as someone shopping for a new Subaru right now! Another factor to consider is where a certain make or model of vehicle is more prevalent and what the traffic accident stats are for the area. For instance, Subaru vehicles are most common in Maine, New Hampshire, and Vermont, w...
by Watty
Thu Jul 22, 2021 2:43 pm
Forum: Personal Consumer Issues
Topic: :::Kitchen Appliance Recommendations:::
Replies: 29
Views: 1599

Re: :::Kitchen Appliance Recommendations:::

If you buy them at Costco with a Costco credit card then you get a four year extended warranty and a rebate at year end. I would need a compelling reason to buy one anywhere else because of that. Be sure to check carefully on the availability, at least last year when I needed a new washing machine m...
by Watty
Thu Jul 22, 2021 2:29 pm
Forum: Personal Consumer Issues
Topic: [Dad passed away - Which tools to keep?]
Replies: 29
Views: 3207

Re: [Dad passed away - Which tools to keep?]

If you are talking about financial tools then you likely inherited everything at a stepped up cost basis and you can liquidate everything and reinvest it according to your needs. There could be a few special cases like back loaded mutual funds or complex annuities that you would want to dig through ...
by Watty
Thu Jul 22, 2021 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay for large purchase
Replies: 14
Views: 752

Re: How to pay for large purchase

I don't particularly want to use 50% of my cash and don't particularly want to liquidate my brokerage account and pay capital gains and lose the growth. If you do not want something enough to write a big check for it then you really do now want it bad enough to buy it. ....don't particularly want t...
by Watty
Thu Jul 22, 2021 12:19 pm
Forum: Personal Consumer Issues
Topic: Different size wheels on car
Replies: 29
Views: 1710

Re: Different size wheels on car

on my new (4-month old) 2021 Hyundai Sonata SEL Plus sedan. You have an almost new car so you should fix it right to put the car in as close to a "like new" condition as possible. This is not like you got your first parking lot ding that does not impact the performance. If you eventually ...
by Watty
Thu Jul 22, 2021 11:40 am
Forum: Personal Investments
Topic: Early Retirement - No longer needing to work - Back of Napkin formulas to determine when?
Replies: 68
Views: 7325

Re: Early Retirement - No longer needing to work - Back of Napkin formulas to determine when?

There is no need for a back of the napkin formula, there is a wiki with links to lots of retirement calculators. https://www.bogleheads.org/wiki/Retirement_calculators_and_spending When I was deciding if I could retire or not I used them two ways; 1) I ran multiple calculators to see if they agreed ...
by Watty
Thu Jul 22, 2021 9:58 am
Forum: Personal Finance (Not Investing)
Topic: How hard do I need to keep saving?
Replies: 32
Views: 4764

Re: How hard do I need to keep saving?

FWIW we drive two well used Toyotas (10 years old and 15 years old)…hard to upgrade when they just keep going. You might want to look at this website which tracks the driver death rate by car model and look up your car models. They look at the driver death rate since every car has one driver, but t...
by Watty
Thu Jul 22, 2021 9:34 am
Forum: Personal Finance (Not Investing)
Topic: House for my daughter
Replies: 31
Views: 4202

Re: House for my daughter

She’s a young doctor, just finished her residency and starting out on her own practice after completing her residency at OHSU last year. It would be good for her to take a look at the White Coat Investor web site which is run by an emergency room doctor who is a regular poster here. https://www.whi...
by Watty
Thu Jul 22, 2021 8:26 am
Forum: Personal Finance (Not Investing)
Topic: How hard do I need to keep saving?
Replies: 32
Views: 4764

Re: How hard do I need to keep saving?

Debt 144k home mortgage 2.5% fixed ($577 payment) (475k value) 153k business property 3.8% fixed ($1544 payment) .... Am I overdoing it or should I just keep going at this pace? ..... Our core expenses are 80-90k If you are including the mortgage and business property payments of around $25K a year...
by Watty
Thu Jul 22, 2021 12:58 am
Forum: Personal Finance (Not Investing)
Topic: House for my daughter
Replies: 31
Views: 4202

Re: House for my daughter

She lives in Portland. We live in the Midwest. Shes looking at small starter homes and they’re like 900k. Is that Portland Oregon or Portland Maine? I used to live in Portland Oregon so I very vaguely keep track of home prices there. There may be very prime areas where you can pay that much for a &...
by Watty
Wed Jul 21, 2021 9:47 pm
Forum: Personal Investments
Topic: Enough or too close?
Replies: 18
Views: 2665

Re: Enough or too close?

Pensions: 60: $26,000 with COLA (starts in 18 months) 65: $10,000 no COLA 65: $ 5,000 no COLA ........ Social Security: ..... Spouse: 66: $24K per year Me: 70: $48K per year Am I missing something or at 70 would you have a total of $98K in the pension with COLA and SS income plus $15k in non-COLA p...
by Watty
Wed Jul 21, 2021 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a view easement?
Replies: 18
Views: 1882

Re: Buying a view easement?

One thing to add to your list of things to research is that if the current owner has a mortgage then they may not be able to sell you a view easement without the lenders approval even if they wanted to. This would be because that would impair the value of the property that secures the mortgage. That...
by Watty
Wed Jul 21, 2021 1:31 pm
Forum: Personal Consumer Issues
Topic: Trip to Southern Spain???
Replies: 24
Views: 2404

Re: Trip to Southern Spain???

I thought of some other things about the reservations; On the printout you get be sure to understand that in Europe they generally write a date as day/month/year instead of month/date/year which can be confusing if you are not aware of that and careful. Also at Sagrada Familia you need to make a sep...
by Watty
Wed Jul 21, 2021 9:29 am
Forum: Personal Consumer Issues
Topic: Trip to Southern Spain???
Replies: 24
Views: 2404

Re: Trip to Southern Spain???

We did about a three week trip to Spain before the pandemic and had a great trip. I suspect it will be a while before going to Europe would be a good idea if you are even allowed to. I would highly suggest reading the Rick Steeves books on Spain to plan your trip. The book will identify some things ...
by Watty
Wed Jul 21, 2021 9:10 am
Forum: Personal Investments
Topic: New to investing
Replies: 9
Views: 813

Re: New to investing

How can I respond to an individual post, for example babystep or esteen above? There is an icon with a quote mark " just above the post you want to quote and it will look like this post. There is a getting started wiki that you may want to look at if you have not seen it yet. https://www.bogle...
by Watty
Wed Jul 21, 2021 8:53 am
Forum: Personal Consumer Issues
Topic: 2022 Ford Maverick Megathread...;-)
Replies: 103
Views: 9073

Re: 2022 Ford Maverick Megathread...;-)

With a 4.5' bed you might as well throw a roof over it and call it a small SUV. It's going to be wasted space 99% of the time for the people that would buy a vehicle like this. However, the price A+. It seems like 99% of the people that I see driving around in a pickup have an empty bed anyway sinc...
by Watty
Tue Jul 20, 2021 1:53 pm
Forum: Personal Consumer Issues
Topic: How to buy/install a hanging kitchen light fixture?
Replies: 9
Views: 523

Re: How to buy/install a hanging kitchen light fixture?

Before you buy the new lamp one thing to check is the size of the round plate that the old lamp has that goes against the ceiling. The issue is that if the new one is smaller then you may need to also repaint the ceiling if you can then see an unpainted area that was not exposed before. You want one...
by Watty
Tue Jul 20, 2021 9:44 am
Forum: Personal Consumer Issues
Topic: Carseats for Baby
Replies: 52
Views: 2371

Re: Carseats for Baby

Be sure to check on the cost and availability of the additional bases since you will likely need several of them. When our grandkids were infants they had bases in both of their cars and both sets of grandparents also had a car with a base in it. This means that there were four bases for one baby. B...
by Watty
Tue Jul 20, 2021 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Reducing Taxes in Retirement
Replies: 48
Views: 3865

Re: Reducing Taxes in Retirement

Am I thinking of this correctly? ...... From my understanding, the golden window for them is basically closed as they are already drawing SS (they started taking in their mid-60's). They may not have missed out on doing Roth conversions because they may not have made sense back then. The reason is ...
by Watty
Tue Jul 20, 2021 8:04 am
Forum: Personal Investments
Topic: Space Flight and Roth conversion
Replies: 72
Views: 5234

Re: Space Flight and Roth conversion

To meet the constraint I require three things 1.) Health. 2.) Training and expertise. 3.) Roth Money. One more thought. I mean this in a constructive way. You might add a fourth thing to your list. 4) Mental preparation. To be accepted into a program like you want you would no doubt need to go thro...