Search found 12478 matches

by Watty
Wed Feb 21, 2018 3:54 pm
Forum: Investing - Theory, News & General
Topic: Statistic:Percent of people in LTC with a surviving spouse?
Replies: 8
Views: 997

Re: Statistic:Percent of people in LTC with a surviving spouse?

I finally found some statistics but it is from 1999 https://academic.oup.com/biomedgerontology/article/59/11/1213/589796# Table 3 Male Married: 39.2% Widowed: 24.6% Divorced/Separated: 12.1% Never Married: 23% Female Married: 16.2% Widowed: 57.9% Divorced/Separated: 10.3% Never Married: 14% The pape...
by Watty
Wed Feb 21, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or get mortgage for 2nd home?
Replies: 7
Views: 339

Re: Pay cash or get mortgage for 2nd home?

Few people would advocate getting a mortgage on their paid off retirement home just to invest the money. That is just about the same questions that you are asking about getting a mortgage on your second home. Would it be better to get a 30 year mortgage and make payments with money invested in a mut...
by Watty
Wed Feb 21, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Interested on opinions on paying off low-rate ARM
Replies: 17
Views: 373

Re: Interested on opinions on paying off low-rate ARM

There is a wiki on this choice if you have not seen it; https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing There is no one right one size fits all answer but a few things I would consider are; 1) Could I still max out all my tax advantaged accounts? 2) What percent of my net worth wo...
by Watty
Wed Feb 21, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Statistic:Percent of people in LTC with a surviving spouse?
Replies: 8
Views: 997

Re: Statistic:Percent of people in LTC with a surviving spouse?

Why does the statistic matter? If you are planning, then consider all possibilities. This question is sort of along the same lines as asking; What are the odds LTC will be needed or how long it might be needed for. It matters to us since between our home equity and our normal retirement budget we c...
by Watty
Wed Feb 21, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 63
Views: 2353

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

I am not sure about your 2017 situation but you also really need to look at this for 2018. I am in a vaguely similar situation where I need to limit my IRA withdrawals to keep my income below the ACA cut off amount. Two things I will do are; 1) I just bought a new car but I got a car loan instead of...
by Watty
Wed Feb 21, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 34
Views: 2486

Re: Giving up on first home

Between my realtor pulling one way, my lawyers pulling another way, I reread your post. What is up with this? You are paying both these people significant money for their professional advise so if one of them is saying there is a problem you should really listen to them. The lawyer gets paid if the...
by Watty
Wed Feb 21, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 34
Views: 2486

Re: Giving up on first home

Is there something in particular that’s going wrong ? Like extensive repairs that showed up in the inspection that you don’t have the time and energy for ? If that’s the case then yes I would bail out on the deal. +1000 There is normal buyers remorse and there is also your "inner voice" telling you...
by Watty
Tue Feb 20, 2018 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Advice please: overpaid by previous employer, encountering incompetence when attempting to repay
Replies: 8
Views: 971

Re: Advice please: overpaid by previous employer, encountering incompetence when attempting to repay

so when a normal-sized direct deposit came mid-month, we assumed it was this payout. Unfortunately, two weeks later we received another direct deposit The few times I have had to get a significant payroll problem corrected they did it through the normal payroll system and they can reverse the direc...
by Watty
Tue Feb 20, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Alaska Cruise Suggestions
Replies: 22
Views: 1335

Re: Alaska Cruise Suggestions

Is there even a cruise destination that might make it easier travelling with a baby? I have heard some all inclusive resorts described as being a cruise ship on land. There is some truth in that. One concern though would be that many of them are located where Zika virus is a problem and I don't kno...
by Watty
Tue Feb 20, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Timber
Replies: 37
Views: 2644

Re: Selling Timber

I don't know anything about timber but it would be good to get a good land survey done early in the process. If you are friendly with the adjoining landowners considering talking to them early in the process to make sure that there are no misunderstandings about the property line. They might also be...
by Watty
Tue Feb 20, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Recent retiree - where to invest today
Replies: 7
Views: 783

Re: Recent retiree - where to invest today

That said, start here: https://www.bogleheads.org/wiki/Getting_started to learn about the Boglehead philosophy and create a plan you can stick to so that you aren't so stressed out by market moves in the future. The Boglehead books are also a good starting point. https://www.amazon.com/s/?search-al...
by Watty
Tue Feb 20, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Good brands for Kitchenware?
Replies: 38
Views: 2645

Re: Good brands for Kitchenware?

Revere Ware. We were given a 5 pc set 27 years ago as a wedding gift & I swear by them. I've since bought (eBay & thrift store) 2 more of the 8 qt pots so I have 3 of those now. I will only get the copper bottom that are made in the USA! I have read/heard others say the newer Revere Ware is cheap m...
by Watty
Tue Feb 20, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security and late life marriage
Replies: 10
Views: 1005

Re: Social Security and late life marriage

You also need to consider how being married or not will impact your income taxes. The way that Social Security is taxed is especially complicated. https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits With her still working you might also be able to get on her work health insurance wh...
by Watty
Tue Feb 20, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: How would you proceed at age 29?
Replies: 17
Views: 2168

Re: How would you proceed at age 29?

Making 160k, you are getting killed on taxes. You need to maximize your 401k withholding, and do it TODAY. I was at 11% prior and I bumped to 12%: .11 * 160000 = 17,600 .12 * 160000 = 19,200 I was only about $900 short of max before the bump, I was under impression max was 17.5. D'oh. I didn't real...
by Watty
Tue Feb 20, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: Alaska Cruise Suggestions
Replies: 22
Views: 1335

Re: Alaska Cruise Suggestions

I wouldn’t do an Alaska cruise if you feel the baby would limit your activities off the ship. +1 You can expect it to be cool(or cold) and often at least a light rain or mist. For adults and older kids this is not a big problem since you can just bundle up and put on a raincoat and the mist and fog...
by Watty
Tue Feb 20, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: How would you proceed at age 29?
Replies: 17
Views: 2168

Re: How would you proceed at age 29?

Sounds like you are off to a good start. +1 - In general I'm a pretty frugal person but there has been some lifestyle creep over the years as my salary has increased. One thing I did when I was a bit older than you was that I committed to myself to save half of any pay raises. I was pretty much abl...
by Watty
Tue Feb 20, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Cut down on retirement savings to build emergency fund
Replies: 20
Views: 1132

Re: Cut down on retirement savings to build emergency fund

There is a wiki entry on using a Roth as emergency fund. https://www.bogleheads.org/wiki/Emergency_fund#Roth_IRA_as_an_emergency_fund There probably is not one "right" answer but in your situation I would probably try to save up a month or two expenses in my normal emergency fund account and then us...
by Watty
Tue Feb 20, 2018 8:59 am
Forum: Investing - Theory, News & General
Topic: Statistic:Percent of people in LTC with a surviving spouse?
Replies: 8
Views: 997

Statistic:Percent of people in LTC with a surviving spouse?

Hi, In planning for long term care cost one very important factor is if there is a surviving spouse when LTC is needed. This is because if there is not a surviving spouse there is no need to worry about the LTC depleting the couples assets and not leaving the other spouse enough to live on. Without ...
by Watty
Tue Feb 20, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 54
Views: 2801

Re: Long term care insurance

One thing to keep in mind is that if you are single or there is only one spouse surviving when LTC is needed that many of your other expenses will stop when you go into LTC. This means that the increase in cost might be a lot less than many people think when they see the LTC costs. I live in Atlanta...
by Watty
Mon Feb 19, 2018 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: First offer on a house...gut check
Replies: 16
Views: 2324

Re: First offer on a house...gut check

30 year mortgage: $410,000 at 4.25% Property Taxes: $11,300 It looks like you will be paying around $35,000 a year for those. You will also get some tax deductions but you will also have maintenance costs. As others have said you should be fine on both incomes ot the higher income, even with just o...
by Watty
Mon Feb 19, 2018 11:30 pm
Forum: Personal Consumer Issues
Topic: Signed up for American Express - "Premium" car rental insurance
Replies: 46
Views: 2628

Re: Signed up for American Express - "Premium" car rental insurance

Just a reminder, with any coverage like this be sure to check to see what countries you are covered in. The excluded countries list will vary with the card and they occasionally change so you need to be sure to check the current list. Ireland is often on the excluded list but when I went there I had...
by Watty
Mon Feb 19, 2018 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Considering move to Tulsa, OK
Replies: 21
Views: 2176

Re: Considering move to Tulsa, OK

I may be commuting 40 minutes to my job, When people say that they usually mean 40 minutes on a good day but probably a couple of times a week it will not be so good, a couple of times a month it will be pretty bad and a couple of times a year it will be the commute from hell. If you have specific ...
by Watty
Mon Feb 19, 2018 10:36 pm
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk while accumulating
Replies: 54
Views: 3113

Re: Sequence of returns risk while accumulating

Second, accumulating investors can reduce the negative consequences of SRR by lengthening their accumulation period. This might seem counter-intuitive given the above statement that the difference in very good and very poor outcomes expands as this period grows. While this is true, longer accumulat...
by Watty
Mon Feb 19, 2018 10:14 pm
Forum: Personal Consumer Issues
Topic: Seeking Cruise Suggestions
Replies: 36
Views: 2066

Re: Seeking Cruise Suggestions

- attracts an over 40 crowd I have not done their cruises but Road Scholar has a number of cruises. If you are more adventurous and would want to do something on your own there are ferries in Alaska and the Greek Islands that will take you to smaller places that the cruise ships do not go to. I hav...
by Watty
Mon Feb 19, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to qualify wife for ACA subsidy in 2018
Replies: 18
Views: 1402

Re: How to qualify wife for ACA subsidy in 2018

I edited my post, it should have said second lowest, not second highest.
by Watty
Mon Feb 19, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: What seems to matter
Replies: 21
Views: 2640

Re: What seems to matter

You can condense it more, I forget where I read it but I read this somewhere and it stuck with me; The only things you can control in investing are; 1) How much you save or spend each year. 2) Your asset allocation. 3) Keeping investing costs low. You point about investment education is maybe overst...
by Watty
Mon Feb 19, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: To refi or not to refi?
Replies: 10
Views: 519

Re: To refi or not to refi?

which would drop our monthly payment from around $1,650 to $620 or so. That will improve your cash flow by about $1,000 a month The increase on the loan interest rate will be 1.126% which will cost you about $1,000 a year. To get to the end of the year when you get the bulk of your income is only a...
by Watty
Mon Feb 19, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Is it wise for us to make a one-time lump sum mortgage payment?
Replies: 23
Views: 1191

Re: Is it wise for us to make a one-time lump sum mortgage payment?

After 5.5% realtor fees and paying off the mortgage, we will be left with $82,900. ...... We purchased the new home for $294,000, put down 20% ($58,800) on 30 year conventional at 4.25% $82,900-$58,800=$24,100 I would try to do a mortgage recast for at least $24,100 so that your home equity stays t...
by Watty
Mon Feb 19, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Is it wise for us to make a one-time lump sum mortgage payment?
Replies: 23
Views: 1191

Re: Is it wise for us to make a one-time lump sum mortgage payment?

No HELOC. We will have $100k in cash after making the new house down payment and selling our home/paying realtors. Idea is to keep $25k liquid in emergency fund. That leaves us with $75k cash to invest or make a lump sum payment. My thought is, of that $75k, invest $55k and make a $20k lump sum pay...
by Watty
Mon Feb 19, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: How to qualify wife for ACA subsidy in 2018
Replies: 18
Views: 1402

Re: How to qualify wife for ACA subsidy in 2018

If I could keep my income below $66K for 2018 wife qualifies for $977 per month goverment health care, ACA subsidy or $11,724 annually in health insurance premiums. It would be good to double check your numbers, The details are different but I am in a somewhat similar situation and at that level yo...
by Watty
Mon Feb 19, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Is it wise for us to make a one-time lump sum mortgage payment?
Replies: 23
Views: 1191

Re: Is it wise for us to make a one-time lump sum mortgage payment?

Another option would be to contact your lender and ask if they will "recast your mortgage"(Google this) if you make a large prepayment. They are not required to do this but they often will for a processing fee of a couple of hundred dollars. The way this works is that if you pay the mortgage down by...
by Watty
Mon Feb 19, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: To refi or not to refi?
Replies: 10
Views: 519

Re: To refi or not to refi?

My income currently around $170k, up from $140k last year.....Total comp would go up this I didn't follow all the numbers but it sounds like with the new job you will gross about $15,000 a month before taxes things like healthcare and you might have $10,000 or so in take home pay when you average i...
by Watty
Mon Feb 19, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: High ER funds with large cap gains - what to do ?
Replies: 10
Views: 793

Re: High ER funds with large cap gains - what to do ?

If you have not done it already then one thing to do would be to change the mutual funds to not automatically reinvest dividends and capital gains distributions. This will prevent you from buying any more of them. You also need to dig into the details of the funds to figure out if there are other co...
by Watty
Sun Feb 18, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Recent Music School Grad Needing Advice
Replies: 10
Views: 984

Re: Recent Music School Grad Needing Advice

2. Besides retirement, I'd also like to put money toward a house downpayment. I know the loans are priority #1 but I'd like to help contribute in this fund with my girlfriend. Is a savings account the best vehicle to store the fund? LOTS of people have gotten into trouble with mingling funds or buy...
by Watty
Sun Feb 18, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: At war with the mortgage
Replies: 4
Views: 1480

Re: At war with the mortgage

I'm pulling out all the stops, and have a plan to have it gone by the end of April. It sounds like if you do then you could replenish the emergency fund in a few months, as long as you do that I don't see much risk. I would wait until the $10K will finish paying off the mortgage though so that if s...
by Watty
Sun Feb 18, 2018 12:32 am
Forum: Personal Consumer Issues
Topic: Is Enterprise Architecture worth building career upon?
Replies: 12
Views: 1018

Re: Is Enterprise Architecture worth building career upon?

Now in mid forties....... Would appreciate your perspective, who are in IT and how do you see your career growing. I retired out of corporate IT a few years ago. My position was a lot different since I was a software developer/software support person. I worked for a good size company with around a ...
by Watty
Sun Feb 18, 2018 12:15 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 119
Views: 9678

Re: Retirees: The common sense withdrawal method

From the Pirates of Caribbean when talking about "Pirates Code"
And thirdly, the code is more what you'd call "guidelines" than actual rules. Welcome aboard the Black Pearl, Miss Turner
There are no real rules only guidelines and reality checks which is all the 4% SWR was ever intended for.
by Watty
Sat Feb 17, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: Target Retirement Fund Question
Replies: 20
Views: 1491

Re: Target Retirement Fund Question

As I recall they have changed the target date funds several times to do things like make them less aggressive after some of the ones for people near retirement dropped a during the dot com bust. They also added international bonds not too long ago. I would expect changes but I would also expect then...
by Watty
Sat Feb 17, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 4831

Re: Best plants to grow to save money for food costs

When I lived in Oregon you could pick all the blackberries you wanted in pretty much any vacant lot. It pains me to pay an outrageous price for a handful of them at the store where I live now. We also planted asian pear trees that grew very well there and produced a lot of fruit and those are expens...
by Watty
Sat Feb 17, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Monthly Stipends (Now) to Future Heirs?
Replies: 10
Views: 1480

Re: Monthly Stipends (Now) to Future Heirs?

Once a year I will look at my portfolio and adjust the monthly gifts up or down, sticking to 5% or less annually. All my research indicates that the remaining portfolio (100% stocks) ought to maintain its remaining value indefinitely, in real terms. There have academic studies showing how different...
by Watty
Sat Feb 17, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Vanguard LifeStrategy Funds vs. Target Date Funds
Replies: 63
Views: 5439

Re: Vanguard LifeStrategy Funds vs. Target Date Funds

Personally, I find the 'glidepaths' for virtually all target date funds to be overly conservative. A 25 year old isn't likely to benefit from having 10% in bonds, for instance; there will not be a significant decrease in fund drawdowns, and this will merely serve as a drag on portfolio returns for ...
by Watty
Sat Feb 17, 2018 7:30 am
Forum: Personal Consumer Issues
Topic: used Prius (or Chevy Volt?)
Replies: 29
Views: 1778

Re: used Prius

Thanks a lot, folks. I had to look up ESC. What happens if you are skidding on ice? I do not brake in those circumstances, just take my foot off the accelerator and hope :-) but it sounds like the ESC stuff would do some braking? Does that not make things worse? I not sure about ice but a more comm...
by Watty
Sat Feb 17, 2018 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1637

Re: Investing vs paying off debt

Do you really need Hulu and Netflix at $360 per year? You’re already paying for Comcast. Entertainment and pocket money at $475 per month? I would challenge you to reduce/eliminate the pocket money. Once that cash is out of your account you will not be putting it back in. You are also paying a lot ...
by Watty
Fri Feb 16, 2018 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Does the absence of need for a legacy affect your AA or SWR?
Replies: 24
Views: 1689

Re: Does the absence of need for a legacy affect your AA or SWR?

There can be all sorts of different variations but for someone that is in this situation it is also very possible that they will not have any close family to manage their finances if they are not able to, like they are in a nursing home. This may require that you budget for some sort of financial ma...
by Watty
Fri Feb 16, 2018 10:57 pm
Forum: Personal Consumer Issues
Topic: used Prius (or Chevy Volt?)
Replies: 29
Views: 1778

Re: used Prius

I'm wondering if there is anything drastic that has happened in the design over the years that would affect which years I should be looking at? I am not sure when the Prius got it but ESC became standard equipment in all cars in 2012. That seems to be a worthwhile safety feature so it would be good...
by Watty
Fri Feb 16, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Just finished reading "Bogleheads Guide To Investing" and ready to start asking 101 level questions :)
Replies: 15
Views: 1344

Re: Just finished reading "Bogleheads Guide To Investing" and ready to start asking 101 level questions :)

Investing in a fund of funds doesn’t seem like the worst mistake in the world, but the expense seems really high, right? I am wondering if it would be smarter to move that around and invest going forward in a blend of different funds available to me. Bingo you win a cupie doll. Before I retired my ...
by Watty
Fri Feb 16, 2018 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Investing vs paying off debt
Replies: 28
Views: 1637

Re: Investing vs paying off debt

..... I'm looking for some guidance on investing vs paying off debt. ...... My wife and I make around $213,000 per year (combined)...... Car Loan - $35,000 - ..... Mortgage - $242,000 ...... Each month, after all expenses paid and max contributions to the 403b and Roth IRA plans listed above, my wi...
by Watty
Fri Feb 16, 2018 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6414

Re: How to get child's skin in the game for college?

steadyeddy wrote:
Fri Feb 16, 2018 3:16 pm
Reading the responses, you could almost argue that every kid is different, and there is no perfect approach! :P :P :P

+1

and the same kid is different at different times.
by Watty
Fri Feb 16, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6414

Re: How to get child's skin in the game for college?

One more thought. You might show her this thread and ask her what incentives she thinks would work best for her. :D She might surprise you help set up a good mutually agreeable plan in a way you would not have thought of. By her having give a lot of input in the process it might also work a lot bett...
by Watty
Fri Feb 16, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Laid off ...next steps
Replies: 27
Views: 4140

Re: Laid off ...next steps

Also cobra will be paid for 6 months. I used COBRA when I retired and it was run by a seperate company that managed that. You really need to stay on top of what paperwork you need to fill out and have that done on time and also make sure that the premiums are also paid of time. If something happens...