Search found 11555 matches

by Watty
Wed Nov 22, 2017 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: How do you define success in your life?
Replies: 45
Views: 1442

Re: How do you define success in your life?

I have not traveled nearly as much as some people here but a few times when I have been out of the country I have gotten out of the tourist areas for one reason or another and have seen some pretty poor people, like in Mexico. Even that is nothing compared to many parts of the world where things are...
by Watty
Wed Nov 22, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: Christmas gifts for lots of kids (experiences or stock)?
Replies: 23
Views: 1198

Re: Christmas gifts for lots of kids (experiences or stock)?

Having a couple young kids myself, I realize gifts are often played with two days then they go in a bin. I'm not a big gift giver/receiver or materialistic person myself. We have a bunch of kids we buys for of varying ages and locations. Was wondering if we could get everyone the same thing, ideall...
by Watty
Wed Nov 22, 2017 7:17 am
Forum: Personal Consumer Issues
Topic: Best Basic DESKTOP?
Replies: 25
Views: 1212

Re: Best Basic DESKTOP?

heybro wrote:
Wed Nov 22, 2017 12:30 am
Therefore, in preparation for my next Desktop purchase, can you recommend any good companies?
Lenovo is my other "go to" company.

For a basic windows machine be sure to get at least 8GB with several USB 3 connectors.
by Watty
Wed Nov 22, 2017 7:00 am
Forum: Personal Consumer Issues
Topic: Christmas gifts for lots of kids (experiences or stock)?
Replies: 23
Views: 1198

Re: Christmas gifts for lots of kids (experiences or stock)?

I hate it that they discontinued paper savings bonds, they were great for giving kids. My son had about $1,000 worth that grandparents had given him over the years that he cashed when he was in college and he really appreciated it then. Adjusted for inflation I had a similar amount that I cashed whe...
by Watty
Wed Nov 22, 2017 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Inheriting 4 stocks
Replies: 13
Views: 796

Re: Inheriting 4 stocks

The cost basis for inherited stock is usually the stock's value on the date of death so the gain or loss since then would likely be modest and would be long term gains or losses. If you do have a gain since then the federal long term tax rate would be 0% up to the top of the 15% but you might owe so...
by Watty
Wed Nov 22, 2017 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Advice to become wealthy
Replies: 55
Views: 3705

Re: Advice to become wealthy

I would eventually like to have would come somewhere between $3 and 4 Million. I am currently maxing out my 401k, maxing out Roth IRA, and investing at least an additional 15% after tax income in taxable account. That would be saving $24,000 (Plus an employer 401k match?) in retirements. I don't kn...
by Watty
Wed Nov 22, 2017 12:00 am
Forum: Investing - Help with Personal Investments
Topic: Advice to become wealthy
Replies: 55
Views: 3705

Re: Advice to become wealthy

I would eventually like to have would come somewhere between $3 and 4 Million. I am currently maxing out my 401k, maxing out Roth IRA, and investing at least an additional 15% after tax income in taxable account. That would be saving $24,000 (Plus an employer 401k match?) in retirements. I don't kn...
by Watty
Tue Nov 21, 2017 11:44 pm
Forum: Personal Consumer Issues
Topic: Transportation from Orlando Airport to Port Canaveral
Replies: 5
Views: 477

Re: Transportation from Orlando Airport to Port Canaveral

The fees can vary wildly but a one way rental car that you drop off the next morning would also be an option. If there are several people traveling together this could be less expensive than a shuttle that charges for each person. You would then need to figure out how get from the rental car office ...
by Watty
Tue Nov 21, 2017 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: About to make big changes, second opinions? Vanguard v. Schwab & SEP401k Qs
Replies: 2
Views: 340

Re: About to make big changes, second opinions? Vanguard v. Schwab & SEP401k Qs

making about 45k/year.... Your income is low enough that you could likely also make deductible IRA contributions in addition to the solo 401k. https://www.irs.gov/retirement-plans/plan-participant-employee/2018-ira-contribution-and-deduction-limits-effect-of-modified-agi-on-deductible-contributions...
by Watty
Tue Nov 21, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 129
Views: 5759

Re: Help DW gets fired, but then next day her boss offers her job back

With her filing for unemployment we would be in the green for the month. That's what I told her you get what you pay for. 25% less pay will only bring people who can't do her job. I once worked for a privately owned company and one of the founding people was still there and working everyday and he ...
by Watty
Tue Nov 21, 2017 10:49 pm
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 106
Views: 5572

Re: What are the things you want to do between 55 and 65?

I retired about two years ago just before I turned 59. I've lost a lot of weight and get more exercise so I am pretty sure that I have added more years, or at least better quality years, to my life by retiring early. Not having the stress and BS of a mega-corp job and no more bad commute help too. W...
by Watty
Tue Nov 21, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 129
Views: 5759

Re: Help DW gets fired, but then next day her boss offers her job back

Emergency fun- 12 months Thinks like this are what that money is for. I would not go back that and I would file for unemployment since she was fired. I would suspect that if she is willing to work for 25% less then she could find some other job without a crazy situation pretty quickly without much ...
by Watty
Tue Nov 21, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: Anyone "re-door" their kitchen cabinets?
Replies: 13
Views: 1338

Re: Anyone "re-door" their kitchen cabinets?

Why not just have your current doors painted? I don't have the name of the company now but a while back I needed some cabinet doors and I ordered them online for a fraction of the cost what I could get them for locally. They were not that hard to put up but I am somewhat handy. The cost of the new h...
by Watty
Tue Nov 21, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: Tipping contractors?
Replies: 15
Views: 1071

Re: Tipping contractors?

Case of beer to each. No money. Gesture vs monetary I would avoid alcohol as you never know if someone is struggling with dependency issues - seen it before where someone was given a bottle for the Holiday's and we didn't see him in work for a week after he got it, once he started he couldn't stop....
by Watty
Tue Nov 21, 2017 11:52 am
Forum: Investing - Help with Personal Investments
Topic: My parents just received a large inheritance and I need to help them keep it
Replies: 12
Views: 1820

Re: My parents just received a large inheritance and I need to help them keep it

There is a wiki on managing a windfall; https://www.bogleheads.org/wiki/Managing_a_windfall By far the hardest thing is to do nothing with it for at least six months while they get used to having the money and come up with a long term plan. That said there are a few things that they should do; 1) Ma...
by Watty
Tue Nov 21, 2017 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Car Lease Gotchas
Replies: 25
Views: 1632

Re: Car Lease Gotchas

Can someone tell me some things to look out for in leasing a car? In addition to all the financial problems a huge potential problem is what happens if the car is in an accident and repaired or totaled while you have it. If the car is totaled when it is a year old the replacement cost of the car th...
by Watty
Tue Nov 21, 2017 10:29 am
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 43
Views: 1748

Re: Recommend a daily driver

Budget is around 20k and under. I would prefer something with decent resale value as I plan on selling it immediately after the 24 month program is over. ,,,, I will have no time to fix unexpected issues that may arise. You may be in one of the rare situations where leasing makes sense if you will ...
by Watty
Tue Nov 21, 2017 10:09 am
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 18
Views: 1737

Re: Unexpectedly in the housing market--should we buy this house or wait?

approximately 12-15 minutes from work (commutes are not bad here) One more thought on the commute. You commute to and from work so you have to double that number. You both work so you have to double that again. Combined that means that a 15 minute commute eats up 60 minutes a day. Don't underestima...
by Watty
Mon Nov 20, 2017 11:28 pm
Forum: Personal Consumer Issues
Topic: Unexpectedly in the housing market--should we buy this house or wait?
Replies: 18
Views: 1737

Re: Unexpectedly in the housing market--should we buy this house or wait?

For your income and assets the house is not terribly expensive so I don't see it as being much of a financial decision and it is more of a lifestyle choice. With all the pros you listed I think buying the house would be a reasonable choice. A couple of considerations; One thing to watch out for is t...
by Watty
Mon Nov 20, 2017 10:00 pm
Forum: Personal Consumer Issues
Topic: Want to build dream workshop/garage, but don't know how to start
Replies: 46
Views: 2155

Re: Want to build dream workshop/garage, but don't know how to start

Just a couple of suggestions. 1) Start watching Craigslist and estate sales for people that are have shops like that where they are trying to sell the tools. Making the building is one thing but once it is done you will need to fill it with your toys. 2) You likely don't expect to get much of the mo...
by Watty
Mon Nov 20, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: Recommend a daily driver
Replies: 43
Views: 1748

Re: Recommend a daily driver

Budget is around 20k and under. I would prefer something with decent resale value as I plan on selling it immediately after the 24 month program is over. ,,,, I will have no time to fix unexpected issues that may arise. You may be in one of the rare situations where leasing makes sense if you will ...
by Watty
Mon Nov 20, 2017 8:57 pm
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed and seeking advice for my mother
Replies: 16
Views: 1848

Re: Overwhelmed and seeking advice for my mother

The central question is: "What's the best way to handle this incoming money?" If she needs to then using some of the money to live on so she could delay starting Social Security until 70 to get a larger Social Security check could be a good use of the money. That would be basically buying a governm...
by Watty
Mon Nov 20, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 50
Views: 6334

Re: 55+ Early retirement offer.

P.S. i have been assigned to a java project. I haven't worked on java for 10-11 years. But since I am a widget, the move from ETL to Java web sevices should not be hard. Eyes crossed at the end of the day. That would be a red flag to me to take the buyout if you can. Before I retired out of Corpora...
by Watty
Mon Nov 20, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: Drive it till it dies. It died.
Replies: 54
Views: 5686

Re: Drive it till it dies. It died.

Why does it have to be replaced by a dealer? I would suspect it could be swapped for under $2k at an independent shop. +1 It is rare for a dealership to do repairs for a reasonable price. Some of them have rightly earned the nickname "Stealership". Once a car is past the warranty is rarely makes se...
by Watty
Mon Nov 20, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Open enrollment - Choosing HSA vs PPO - expecting baby
Replies: 21
Views: 1034

Re: Open enrollment - Choosing HSA vs PPO - expecting baby

One more thing to consider is if either of you might end up being a stay at home parent for a while then that could change your insurance plans. Even if are you both planning on working after the baby is born people often change their mind when it comes to dropping off a newborn at day care. If the ...
by Watty
Mon Nov 20, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Open enrollment - Choosing HSA vs PPO - expecting baby
Replies: 21
Views: 1034

Re: Open enrollment - Choosing HSA vs PPO - expecting baby

Your numbers are missing something. You also need to get the numbers to find out what it will cost to add the baby. As I recall the baby is under her insurance for about the first month and then you have to add the baby to the insurance plan so your insurance costs will likely go up a month after th...
by Watty
Mon Nov 20, 2017 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Domestic partnership benefits for health insurance
Replies: 25
Views: 889

Re: Domestic partnership benefits for health insurance

COBRA is going to cost $800 per month. That's horrid. How does that compare to what you would pay as a domestic partner? I would think that if she had an identical plan then the cost would be about the same. The numbers will vary wildly but if the alternative costs $500 a month and you need a speci...
by Watty
Mon Nov 20, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Open enrollment - Choosing HSA vs PPO - expecting baby
Replies: 21
Views: 1034

Re: Open enrollment - Choosing HSA vs PPO - expecting baby

It would be good to check with your HR department see if you can actually add her to your policy. It was before the ACA so it might have changed but I worked for a company that would not let you add a spouse to your coverage if they could get health insurance through their job. The company had decen...
by Watty
Sun Nov 19, 2017 10:33 pm
Forum: Personal Consumer Issues
Topic: Honeymoon Suggestions
Replies: 26
Views: 1593

Re: Honeymoon Suggestions

It would help to know what part of the country you are in. If you are thinking about having kids you should also research what the current status of the Zika virus is where you are going. It has not been getting a lot of press recently but it is still a concern. The area south of Cancun is called th...
by Watty
Sun Nov 19, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 102
Views: 10541

Re: The valet smashed my Tesla into a brick wall!

The ticket stub that parking lots give you often basically say that they are not responsible for anything so that may be a factor that you have to fight against even if it is not enforceable. Their insurance company will try to get off as cheaply as possible. Your insurance company will try to get o...
by Watty
Sun Nov 19, 2017 2:25 pm
Forum: Personal Consumer Issues
Topic: Can anyone help me with details on Portland Oregon Trip?
Replies: 14
Views: 557

Re: Can anyone help me with details on Portland Oregon Trip?

You are trying to do too much in six days. The weather in Portland and the Oregon coast in June can be "iffy" so July or August would be better. Often in Portland summer doesn't really start until around the Fourth of July. The Columbia Gorge is not really on the way to Bend from Portland so it migh...
by Watty
Sun Nov 19, 2017 12:37 am
Forum: Personal Finance (Not Investing)
Topic: What we don't know
Replies: 42
Views: 2772

Re: What we don't know

Johm221122 wrote:
Sat Nov 18, 2017 9:35 pm
So exactly what do we we definitely know?
Diversification works.

You will have some exposure to whatever is best and not too much exposure to the things that don't work.

This is not just for stocks and bonds but also things like Roth vs Traditional and Now vs Later decisions.
by Watty
Sat Nov 18, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to payoff mortgage
Replies: 15
Views: 2085

Re: Looking to payoff mortgage

Even though the interest rate is was low investing the money and getting a higher return is harder than it might sound because of the sequence of returns risk. Here is an example I have posted before.  If you do not pay it off then you will have more sequence of returns risk. For example in rough nu...
by Watty
Sat Nov 18, 2017 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Advice
Replies: 15
Views: 1799

Re: Retirement Advice

As a follow up to some comments and questions. I believe all of his assets are in a 401k thrift savings plan in the C fund that follows the S&P. As far as I know there are no other investments made. I deeply appreciate the advice and comments made thus far. That would be way too risky for him if th...
by Watty
Sat Nov 18, 2017 3:06 pm
Forum: Personal Consumer Issues
Topic: Favorite Holiday Recipes
Replies: 40
Views: 2926

Re: Favorite Holiday Recipes

A twist on how to make stuffing is to make stuffing balls or patties. Instead of making it in a casserole dish you put the balls or patties on a cookie sheet and bake them so that they have lots of crunchy crust vaguely like crab cakes. My Mom always made it this way and it may be a southern style o...
by Watty
Sat Nov 18, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Advice
Replies: 15
Views: 1799

Re: Retirement Advice

There is a Getting started Wiki that would be good to look at. https://www.bogleheads.org/wiki/Getting_started The Boglehead books also are very readable and are geared for people without a lot of financial background https://www.amazon.com/s/?search-alias=aps&tag=bogleheads.org-20&field-keywords=Bo...
by Watty
Sat Nov 18, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Looking to payoff mortgage
Replies: 15
Views: 2085

Re: Looking to payoff mortgage

Congratulations :beer Where people have done this before a few things to double check on; 1) Make sure that your property tax and home insurance gets paid even if you do not get a statement. 2) Have your home insurance company takes the lender off your home insurance policy. 3) In a few months check...
by Watty
Sat Nov 18, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Volunteer to be laid off?
Replies: 34
Views: 2610

Re: Volunteer to be laid off?

Maybe, depending on circumstances, wait until financial incentives are (or may be) offered to folks being "downsized". Are these already decided and would you qualify? Fifteen months is a short time. I have a predefined severance contract, so I know exactly what I would be entitled to. It includes ...
by Watty
Sat Nov 18, 2017 11:58 am
Forum: Investing - Theory, News & General
Topic: Any of you trade just a little as a hobby?
Replies: 13
Views: 711

Re: Any of you trade just a little as a hobby?

I did some during the dot com days and learned my lesson.

One thing to watch out for is that the worst thing that could happen is if you take some "play money" and do very well then there will be a real risk that you will start investing recklessly with more of your money.
by Watty
Sat Nov 18, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3356

Re: Do you include the sale of your home as part of your retirement planning?

Do you include the sale of your home as part of your retirement planning? As part of my retirement plan I include the sale of my home in my 80s. I show it being converted to cash at its inflation adjusted purchase price. In Firecalc, I show the sale as a one time event. I include the value of my ho...
by Watty
Sat Nov 18, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: What to do with 360k for an old man
Replies: 30
Views: 2941

Re: What to do with 360k for an old man

At 89 and living in some sort of independent living center the saving account would be fine. If he was 79 coming up with a better long term plan might make more sense. The only other option I would consider would be a five year CD ladder where they are staggered to mature every year. For example he ...
by Watty
Sat Nov 18, 2017 12:44 am
Forum: Personal Finance (Not Investing)
Topic: Take Pension or Lump Sum payout?
Replies: 12
Views: 1094

Re: Take Pension or Lump Sum payout?

One thing to check on is to see if the choice impacts any other retiree benefits. Sometimes if you get some sort of retirement health benefit that will stop if you take the lump sum. You can also check to see if they will allow you to take half of each. I don't know why but usually they will not, bu...
by Watty
Sat Nov 18, 2017 12:30 am
Forum: Investing - Help with Personal Investments
Topic: Domestic partnership benefits for health insurance
Replies: 25
Views: 889

Re: Domestic partnership benefits for health insurance

Any other considerations we should make before applying? You may have to change doctors if they are not under her health plan and you will have to start your 2017 deductible again with the new policy. If you get You should also consider what happens if you break up or she loses or changes her job. ...
by Watty
Fri Nov 17, 2017 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 50
Views: 6334

Re: 55+ Early retirement offer.

Dottie57 wrote:
Fri Nov 17, 2017 10:08 pm
Thank you to all who replied!
Be sure to give an update with what happens.
by Watty
Fri Nov 17, 2017 9:53 pm
Forum: Personal Consumer Issues
Topic: Renting a car from Atlanta GA to Austin TX: $$$
Replies: 33
Views: 1601

Re: Renting a car from Atlanta GA to Austin TX: $$$

I am planning a road/fishing trip, starting from Atlanta, ending in Austin. Roughly 3 weeks long. The cost of a one way rental will vary a lot depending where they need cars at. If possible you might reverse your trip and start in Austin and end in Atlanta. I might be a lot less expensive going tha...
by Watty
Fri Nov 17, 2017 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy...house buying question (budget)
Replies: 17
Views: 1648

Re: To buy or not to buy...house buying question (budget)

Your budget sounds reasonable. You and uour family clearly have the emotional reasons to buy, plus financial discipline. Make sure you have good disability, life and umbrella insurance coverage. For your income it is pretty much on the low end which makes sense considering your debt and having a ba...
by Watty
Fri Nov 17, 2017 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Risks of Non-ACA Compliant Health Insurance?
Replies: 66
Views: 2599

Re: Risks of Non-ACA Compliant Health Insurance?

Exactly. It is the 100k+ visit to the cancer specialist on your rare form. Sure you have to pay 20k (or whatever your out of network max is) but that is a lot less than 100k. Odds of needing that are low but if you do need it, you need it. But this is pretty much also why the PPO is dying. The insu...
by Watty
Fri Nov 17, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Risks of Non-ACA Compliant Health Insurance?
Replies: 66
Views: 2599

Re: Risks of Non-ACA Compliant Health Insurance?

Besides that, is there anything else I should beware of when looking at non-compliant plans? A couple of things; 1) With any plan is which doctors and hospitals will actually take the insurance. I retired and after Cobra I was looking at ACA policies. At that time my main choices were Blue Cross or...
by Watty
Fri Nov 17, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at FRA of 66, or delay for one year?
Replies: 10
Views: 855

Re: Retire at FRA of 66, or delay for one year?

Right now my retirement assets all-told are around $1.8 million (taxable, IRA, and Roth), about another $100K in taxable, and our home, worth about $400K. So the extra $100K is not that big a chunk but it would take the sting out of wife's health insurance. You have a net worth around $2.3 million ...
by Watty
Thu Nov 16, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Christmas Vacation on a budget
Replies: 16
Views: 1689

Re: Christmas Vacation on a budget

Try to find something within driving distance especially if you are traveling with more than two people. Flying in the prime holiday season is crowded and packed if things go well but if a flight is canceled finding alternate flights for a group of four or more people will be hard. A young kid will ...