Search found 14299 matches

by Watty
Wed Nov 14, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: 2019 Subaru Forester Vs. 2019 Rav 4
Replies: 19
Views: 1409

Re: 2019 Subaru Forester Vs. 2019 Rav 4

Be sure to check on the details of the new automatic safety features. Toyota has made them standard equipment but the last time I looked they were still optional on some Subaru models. I don't know about the 2019. Currently have a 2011 Ford Fusion with 82,000 miles. As others have said 82k miles is ...
by Watty
Wed Nov 14, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Pension - Lump Sum or Annuity?
Replies: 4
Views: 256

Re: Pension - Lump Sum or Annuity?

Am I missing something? A few things, 1) You need to know what happens to the money if you die before you start the pension. In some cases your estate may get nothing. If you are single then this may be more of a risk since a spouse would normally get the pension if you die. 2) Taxes, there are lot...
by Watty
Wed Nov 14, 2018 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: annuity with true COLA built in
Replies: 2
Views: 159

Re: annuity with true COLA built in

Delaying Social Security until you are 70 to get a larger benefit amount is in effect buying an inflation adjusted annuity.
by Watty
Wed Nov 14, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Invest or pay of mortgage?
Replies: 10
Views: 845

Re: Invest or pay of mortgage?

There is a wiki on this choice if you have not seen it. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing I agree with the comment that your emergency fund is too low. If you paid off half of the loan would your monthly loan payment also be reduced by half? If so then paying off par...
by Watty
Wed Nov 14, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 20
Views: 1050

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

Generally speaking, the "bucket" approach for taking retirement withdrawals seems to involve the idea of dividing assets between stocks and safer assets such as bonds and cash, and then suspending withdrawals from the stock "bucket" during periods when stocks have negative returns while taking with...
by Watty
Tue Nov 13, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 74
Views: 5269

Re: Granddaughter needs $ help for university

After reading the responses, I'm not sure if people realize a certified K-12 music teacher makes the same salary as any other teacher. In some districts that is 30k. In others, it is 50k. This includes many lcol places, not just places where 50k is hard to live on. For reference, the average starti...
by Watty
Tue Nov 13, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to value retiree healthcare benefit
Replies: 20
Views: 969

Re: How to value retiree healthcare benefit

Planning on retiring 9 years out ... would not make any decisions based on potential of healthcare plan 9 years out. That is when they would want to start getting it, with an additional 7 years until they are 65 they also need for it to continue for 16 years. In addition to the company outright cha...
by Watty
Tue Nov 13, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: new car [pay cash?]
Replies: 15
Views: 1189

Re: new car [pay cash?]

i am 60 yrs old retired Investing the money and getting a higher investment return is harder than it sounds. Part of the problem is that your asset allocation might be 50% bonds so for every $10,000 in car loans that you have you would be buying $5,000 in bonds that might be paying 2%. Pay cash.
by Watty
Tue Nov 13, 2018 10:02 am
Forum: Personal Consumer Issues
Topic: Upstairs Floor is No Longer Used....
Replies: 18
Views: 1955

Re: Upstairs Floor is No Longer Used....

Even if you get it working one problem you will have is that there is likely no insulation between the first and second floor so the rooms on the first floor may feel less comfortable since the ceiling may be cold in the winter and hot in the summer. The problem is that in addition to the air temper...
by Watty
Tue Nov 13, 2018 9:08 am
Forum: Personal Consumer Issues
Topic: Florida BCBS through ACA: experiences/reviews
Replies: 10
Views: 678

Re: Florida BCBS through ACA: experiences/reviews

I retired a few years ago and I was in a different state. I also had BCBS which was a PPO plan, when I looked at BCBS ACA policies none of my doctors were in the ACA plans and it looked like a very limited network of doctors compared to my work BCBS plan. I would not have minded changing doctors but...
by Watty
Mon Nov 12, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does a life insurance policy not make sense?
Replies: 16
Views: 1721

Re: At what point does a life insurance policy not make sense?

One more thought, before you cancel it you might want to get a physical to find out if you have any major health problems that you don't know about.
by Watty
Mon Nov 12, 2018 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: All holdings sold when Roth moved, now what?
Replies: 7
Views: 776

Re: All holdings sold when Roth moved, now what?

If you were happy with what they were invested in before then put them into similar mutual funds at the new company. You may have gotten lucky and earned a few extra percent by being out of the market at the right time. There isn't enough information to give other specific suggestions since what is ...
by Watty
Mon Nov 12, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: Feeling uneasy about recent splurge
Replies: 40
Views: 3832

Re: Feeling uneasy about recent splurge

Colorado13 wrote:
Mon Nov 12, 2018 8:39 pm
I spent about $1,000 more than I hoped to spend.
If you keep it for 10 years then that is $100 a year.

Even if it only helps you sleep better a few nights a year then it would have been worth it.
by Watty
Mon Nov 12, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 74
Views: 5269

Re: Granddaughter needs $ help for university

It is a music scholarship and she is hoping to teach music some day. I had not seen this when I made my prior post about the kid I know that got a similar degree. Even with the scholarships she will have a lot of debt for a degree that she will earn little more than minimum wage with. Part of the p...
by Watty
Mon Nov 12, 2018 9:24 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 74
Views: 5269

Re: Granddaughter needs $ help for university

So how does co-signing work? It is little different than you directly taking out a loan to pay for her college, that she may pay off for you. It will also show up on your credit report so that might be a factor if you need to get a new loan like to refinance a mortage. Don't underestimate the chanc...
by Watty
Mon Nov 12, 2018 2:54 pm
Forum: Personal Consumer Issues
Topic: Wanting to move my family but where to begin?
Replies: 21
Views: 2302

Re: Wanting to move my family but where to begin?

Wanting to move my family but where to begin? You may be making this too complicated. Columbus would be the obvious place to start looking for a job since your wife has family there and you don't have a strong reason to look elsewhere. In some of the other cities you might be a few hours drive from...
by Watty
Mon Nov 12, 2018 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Managing RMDs
Replies: 10
Views: 1024

Re: Managing RMDs

A couple of other considerations that are important; 1) The way your Social Security is taxed is complex and can put your in a higher than expected tax bracket. https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits 2) It is likely that one of you will survive the other and then file t...
by Watty
Mon Nov 12, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Flood Insurance- When is it necessary?
Replies: 12
Views: 707

Re: Flood Insurance- When is it necessary?

A big question is how much it costs relative to the value of your house so it would be good to get a quote on that and then decide. In your area you would not only have a risk of things like spring floods but a tropical system could get up that far and dump a tremendous amount of rain in that area. ...
by Watty
Mon Nov 12, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Enjoying Your Work
Replies: 23
Views: 2535

Re: Enjoying Your Work

1) How do you know if you'll enjoy something enough to exhibit behaviors listed above. How can I explore those things? 2) Assuming I find that path, how could I transition from what I'm doing now to that new thing while maintaining current expenses? One way is to use your current skills to transiti...
by Watty
Mon Nov 12, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: At what point does a life insurance policy not make sense?
Replies: 16
Views: 1721

Re: At what point does a life insurance policy not make sense?

I've read that you should have $1M 20 year life insurance policy. At what point does it not make sense to have a life insurance policy? If your net worth is >$1M (not that mine is), does it not make sense? One upper limit is if you could easily retire today then you may not need life insurance. Tha...
by Watty
Mon Nov 12, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: Trying to move out.
Replies: 25
Views: 1932

Re: Trying to move out.

Since the dogs haven't even met yet, I think you are massively, dramatically overthinking the situation. Step 1: introduce the dogs. Go do that before posting/worrying/overanalyzing it anymore. +1 If the dogs don't easily get along then you can talk to a dog trainer. You didn't say anything like th...
by Watty
Mon Nov 12, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 29
Views: 2661

Re: Social Security Claiming Strategy - Seeking Confirmation

2. Is DW's future spousal benefit reduced by the fact that she elected to take her own benefits early? We are in a similar situation. My understanding is that if her benefit is reduced by $200 a month then when she starts getting a spousal benefit of half of your PIA then it will also be reduced by...
by Watty
Mon Nov 12, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Still spending too much on non-essentials
Replies: 38
Views: 2379

Re: Still spending too much on non-essentials

Any tips for how you have managed to resist the temptation to spend on non-essential things? With most web sites if you enter an incorrect password a few times it will disable your password and you will have to go through a password reset process. One thing you can do is to intentionally do that to...
by Watty
Sun Nov 11, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: Best city car
Replies: 19
Views: 1691

Re: Best city car

Any other recommendations? One thing to also consider is that there is a good chance that your 10 year old may learn to drive on whatever car you get. :shock: Depending you your situation they might even get it as a hand me down to take off to college some day. The top safety picks are listed here ...
by Watty
Sun Nov 11, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11590

Re: If expenses are low, are some of us over saving?

One thing that has not been mentioned is that the median household income in the US is only about $59,000 a year and for most people that includes paying for rent or a mortage payment. In probably 80% of the country that will support a modest but comfortable lifestyle. https://en.wikipedia.org/wiki/...
by Watty
Sun Nov 11, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Looking for computer suggestions
Replies: 17
Views: 1347

Re: Looking for computer suggestions

The best solution may be to get both an inexpensive laptop(or tablet) and a desktop. With a traditional desktop you can also get a 24 or 27 inch monitor for a very reasonable price now. I often take my laptop with me when I am traveling and I like not having all my financial information with me whic...
by Watty
Sun Nov 11, 2018 1:30 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 74
Views: 2791

Re: International Travel during Maternity/Paternity

One more thought. This might have been the best place to ask. I would think that you could find a message board where there are parents of borns and ask the question there.
by Watty
Sun Nov 11, 2018 10:43 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 107
Views: 4039

Re: Point and shoot camera

legio XX wrote:
Sun Nov 11, 2018 6:58 am
Going to B&H tomorrow or the next day, but will spend some time on the KEH site before then.
If you are in NYC that is a great choice. Be sure to check that they will be open since they close often for religious holidays.
by Watty
Sun Nov 11, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Do I Need A Credit Score?
Replies: 24
Views: 1042

Re: Do I Need A Credit Score?

Yes you should figure out how to build up a basic credit history, but I am not sure about the details of the best way to do that. You may be able to get a credit card with your spouse and have the credit history reported in both of your names. Many people, often women, have found that after the deat...
by Watty
Sat Nov 10, 2018 11:34 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 74
Views: 2791

Re: International Travel during Maternity/Paternity

Between weeks 7 and 8 she took a 180 and started sleeping deeply 2-3 hours at a time...... To the OP, please note the post where someone bragged that their kid was sleeping 2-3 hours at a time. I have never know anyone with a newborn that was not pretty sleep deprived. On a more practical side if y...
by Watty
Sat Nov 10, 2018 11:12 pm
Forum: Personal Consumer Issues
Topic: Cars similar to Toyota Corolla LE that I should consider for purchase?
Replies: 36
Views: 3786

Re: Cars similar to Toyota Corolla LE that I should consider for purchase?

I recently purchased a nine year old Lexus GS350 with about 100,000 miles. It is superb in every way from RWD power to comfort to features. I had it in for service Friday and they gave me a 2018 Corolla loaner. Appalling. Minimal power from a reedy 4 cylinder, plastic everywhere, ghastly audio, rot...
by Watty
Sat Nov 10, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: buy a house or rent?
Replies: 5
Views: 774

Re: buy a house or rent?

Rent for a year and then decide if you want to buy or not.

That will give you time decide if you want to really live in that city and to learn more about the local housing market.
by Watty
Sat Nov 10, 2018 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I choose a high deductible health plan with HSA or stick with PPO?
Replies: 12
Views: 1048

Re: Should I choose a high deductible health plan with HSA or stick with PPO?

You should also check the formulary for both plans to make sure that the needed medicine is covered the same.
by Watty
Sat Nov 10, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 74
Views: 2791

Re: International Travel during Maternity/Paternity

We are looking into traveling with the baby weeks 14-20. Mid April - End of May. A few practical problems; 1) You will need a passport for the baby and that can take a while since you probably cannot even apply for a passport until you get their birth certificate, each step can take a month or more...
by Watty
Sat Nov 10, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Worth fixing a 30-year-old Maytag dryer?
Replies: 66
Views: 12754

Re: Worth fixing a 30-year-old Maytag dryer?

We have a Maytag DE410 electric dryer and a Maytag A710 washer, both purchased new in 1983. When is the last time you replaced the washing machine hoses? Having the hose connection to a washing machine fail is a common cause of significant water damage. Even in an unfinished basement if it fails wh...
by Watty
Fri Nov 09, 2018 11:53 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3534

Re: Paper or Paperless? How and what financial records do you keep?

Has anyone ever needed a tax return older than 7 years? People sometimes find that there is an error in their Social Security earnings history that can be corrected if they have the old W-2s that show the Social Security withholding. You may want to keep or scan those until you are retired and gett...
by Watty
Fri Nov 09, 2018 7:40 pm
Forum: Personal Consumer Issues
Topic: Tips for protecting buyer from fraud by seller
Replies: 5
Views: 475

Re: Tips for protecting buyer from fraud by seller

You could
InvestorNewb wrote:
Fri Nov 09, 2018 7:33 pm
However, I finally found someone on Ebay today who sells the product for $1,600 per item and I want to buy about 10 of them.
Instead of one big order you could buy a couple at a time.
by Watty
Fri Nov 09, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Which Loan to Pay off?
Replies: 6
Views: 392

Re: Which Loan to Pay off?

Loan 1: Student Loans $298,000 at 3.625% through SoFi. 6 years left. Loan 2: Mortgage $504,000 at 4.625%. 29 years left. I would pay extra on the student loan too. If you can get it paid off in say 5 years, then for the next year you could then use your paid off "student loan payment" to then pay d...
by Watty
Fri Nov 09, 2018 2:40 pm
Forum: Personal Consumer Issues
Topic: Seeking Advice - Emergency Preparedness
Replies: 56
Views: 3259

Re: Seeking Advice - Emergency Preparedness

If you get a bid on a generator be sure to ask about if you need to keep it clear of snow.

Solar panels have two problems;
1) They can get covered with snow.
2) In the winter the days can be very short and sun will be low in the sky. There may not be enough daylight to generate much electricity.
by Watty
Fri Nov 09, 2018 8:41 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 107
Views: 4039

Re: Point and shoot camera

With a point and shoot camera by far the most important thing is that feels "right" when you use it. This is especially important if you are left handed or wear glasses. I would just go into a place that still sells Cameras, like Best Buy, and buy one in person. Some may be technically better than o...
by Watty
Fri Nov 09, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: Seeking Advice - Emergency Preparedness
Replies: 56
Views: 3259

Re: Seeking Advice - Emergency Preparedness

We have a natural gas insert with realistic looking fake logs in our fireplace that can run without electricity. We don't live in a harsh part of the country but we have had a few power outages in ice storms where we would turn that on to at least keep the living room from getting too cold. We actua...
by Watty
Fri Nov 09, 2018 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Payoff Mortgage
Replies: 12
Views: 1492

Re: Payoff Mortgage

dylanand wrote:
Fri Nov 09, 2018 12:33 am
I mean I want to use retirement assets, as much as possible
Why you said you had a million dollars in non-retirement assets. It still is not clear why you would not use that to pay off the mortage.
by Watty
Fri Nov 09, 2018 12:49 am
Forum: Personal Consumer Issues
Topic: Career/Life Advice Needed - When to start a business?
Replies: 20
Views: 1429

Re: Career/Life Advice Needed - When to start a business?

I’m not overly enthusiastic about my job right now and feel I could be doing “more” with my life. Plus, I HATE all the bureaucracy and politics. I have never run my own business but I would suspect that you could be going from the frying pan into the fire and might have a lot more to deal with in d...
by Watty
Thu Nov 08, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement withdrawal plan Fall 2019, ACA vs Roth conversions
Replies: 10
Views: 897

Re: Retirement withdrawal plan Fall 2019, ACA vs Roth conversions

We will be working part time in 2019 and will make approximately 150K. I can get COBRA health insurance for 1400 / month vs. 250 for a bronze plan with ACA tax subsidies (2019 rates). There is no way you would get a subsidy if you make $150K. Be sure to look at the details of the ACA plan. It may h...
by Watty
Thu Nov 08, 2018 10:54 pm
Forum: Personal Consumer Issues
Topic: Lowest Cost GPS-Capable Device for Senior Citizen
Replies: 18
Views: 995

Re: Lowest Cost GPS-Capable Device for Senior Citizen

For a cheap, easy to use, easy to read and reliable device for vehicle use, I would go with a Garmin stand-alone unit. It is a one-purpose device, but for this scenario, I think it fills the bill. +1 It will probably also have a louder speaker than a cell phone. It would also be a one time cost. Th...
by Watty
Thu Nov 08, 2018 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help - Expect to inherit relatively large sum
Replies: 12
Views: 2133

Re: Help - Expect to inherit relatively large sum

You would also want to make sure that you are maxing out your retirement accounts for 2018 and 2019. I will probably continue to step it up some, but I have been hesitant because of the high fees (its administered by Principal with limited investment options). I also have a bit of a tin-foil hat, a...
by Watty
Thu Nov 08, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Kitchenware Plastic Alternatives
Replies: 9
Views: 888

Re: Kitchenware Plastic Alternatives

I would have been concerned about what glue and chemicals they would have used on bamboo. One problem with metal is that it is a good conductor and hot food will get cold quickly. Cold food and beverages will likely have a lot of condensation on the outside. I agree that glass and ceramic is a good ...
by Watty
Thu Nov 08, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help - Expect to inherit relatively large sum
Replies: 12
Views: 2133

Re: Help - Expect to inherit relatively large sum

Completely agree with MotoTrojan: Sell it all upon inheritance to take advantage of the step up in basis, and then invest how you see fit. +1 There is a wiki on the stepped up cost basis. https://www.bogleheads.org/wiki/Step-up_in_basis A lot of mutual funds have dividend distributions in December,...
by Watty
Thu Nov 08, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.
Replies: 19
Views: 2384

Re: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.

A couple of things; 1) I would take buying any real estate off the table at least until you figure out what you want to do as far as school and you get accepted into a program. With being a first time landlord you do not want to be a long distance landlord. 2) It gets a lot harder to justify buying ...
by Watty
Thu Nov 08, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much to offer on new construction home
Replies: 31
Views: 2211

Re: How much to offer on new construction home

I still think $680K is what I would want to pay and maybe an absolute max of $690K (still undecided if I am willing to go that high). What to do next really depends on your local market so there is no way that you will get good advice on a board like this. I would just take a hard look at what else...