Search found 14527 matches

by Watty
Mon Dec 10, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 43
Views: 2569

Re: portable jump starters

It is not directly related but one other thing you should do is to occasionally open the car door and trunk with the metal key, not the key fob. If the lock is not periodically used it can get stuck and not work and you do not want to find that out when you are having a problem with the key fob.
by Watty
Mon Dec 10, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: To each his own ( I guess )
Replies: 40
Views: 2336

Re: To each his own ( I guess )

To each his own ( I guess ) As long as you and your spouse agree that is fine. If your spouse wants to go to someplace else though you should consider giving some other places a try, assuming you can afford it. It is hard to believe but the average American has only been to 12 states so you may act...
by Watty
Mon Dec 10, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review (New Zealand - but please don't be put off by that)
Replies: 15
Views: 1169

Re: Portfolio review (New Zealand - but please do don't be put off by that)

The house we bought needs a significant amount of work, most of which we are doing ourselves, but the cost of building materials in New Zealand is high because we are a small market a long way away from everything. My net salary per fortnight is approximately $4,300 (which is after tax and the Kiwi...
by Watty
Sun Dec 09, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help on how to break even on investment idea
Replies: 4
Views: 660

Re: Help on how to break even on investment idea

It has been a while but if I remember right somewhere in the mortage paperwork you have to sign a statement saying that you plan to live in the house. Since you don't that could be mortage fraud if you don't get an investor loan which would have a higher interest rate.
by Watty
Sun Dec 09, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: Low need to take risk - decrease allocation to stocks?
Replies: 26
Views: 1747

Re: Low need to take risk - decrease allocation to stocks?

(3m, in our late 40s). We currently have 45% in equities and equity-like investments such as EM bonds, otherwise cash band bonds. ....... We carry a fairly low mortgage on our house which will be paid off in 8 years. If you have 55% in bonds that is around $1.7 million in bonds that might be paying...
by Watty
Sun Dec 09, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall predicament
Replies: 15
Views: 1588

Re: Windfall predicament

Wanted to see what other bogelheads thought. Putting most of the the money into an insured CD for six months while you learn more and come up with a plan would be a good idea. There are a few things like maxing out your tax advantaged accounts that would be good to do but that would be a small perc...
by Watty
Sun Dec 09, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: What can I be doing better?
Replies: 12
Views: 880

Re: What can I be doing better?

Will you get Social Security in addition to your pension? 5) Where should I put the retirement house savings? I would assume that you will be selling your current house when you buy your retirement home. If so then I would just use it to pay down your mortage. That is a risk free tax free 2.75% retu...
by Watty
Sun Dec 09, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review (New Zealand - but please don't be put off by that)
Replies: 15
Views: 1169

Re: Portfolio review (New Zealand - but please don't be put off by that)

Lots of good comments that sound like they know a lot about the tax situation. A few things I did not see yet. 1) What is your situation with cars? If you can get by without owning a car that is great, but if you do need a car then you should have a plan on how you will pay for your next car when yo...
by Watty
Sat Dec 08, 2018 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review (New Zealand - but please don't be put off by that)
Replies: 15
Views: 1169

Re: Portfolio review (New Zealand - but please do don't be put off by that)

I know the two property ETFs are probably a waste of time. With your half of house you already have almost $500,000 in real estate so you don't need any more real estate exposure. I would get rid of those ETFs. A couple of other things; 1) When do you get your bonus? If it is soon then you may be a...
by Watty
Sat Dec 08, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Stay in Company 401 at retirement or roll to an IRA?
Replies: 10
Views: 878

Re: Stay in Company 401 at retirement or roll to an IRA?

My 401k withholds about 24% in Fed and State Tax on withdrawals, does brokerage IRA give you more flexibility in withholding rates? At least at Fidelity and Vanguard it asks you how much you want to withhold and it will allow you to enter whatever percentage you want, and it will allow a zero perce...
by Watty
Sat Dec 08, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: ACA, COBRA, and Medicare
Replies: 9
Views: 744

Re: ACA, COBRA, and Medicare

Option 1, Retire in August. Cost for COBRA is $1,800 a month for 18 months. This is for both of us since I have to be on the policy. You should check on that, that does not sound right, I am about 99% sure that you can be on Medicare and your wife can still get COBRA. You may need to do something l...
by Watty
Sat Dec 08, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: options to cover next 10 years before SS
Replies: 34
Views: 2044

Re: options to cover next 10 years before SS

One more thought, since there is a living husband that works her optimal strategy may be to start her Social Security before 70.

https://opensocialsecurity.com/
by Watty
Sat Dec 08, 2018 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: options to cover next 10 years before SS
Replies: 34
Views: 2044

Re: options to cover next 10 years before SS

A big problem with the annuity is that it is not adjusted for inflation. The math gets funky but 3% inflation for ten years would be almost a 30% reduction the purchasing power by the tenth year. It could be that a ladder of TIPs that mature each year would be a better choice. For example she could ...
by Watty
Sat Dec 08, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: Attic insulation-R30 to R60 worth it?
Replies: 31
Views: 2771

Re: Attic insulation-R30 to R60 worth it?

A room with a cathedral ceiling is also likely to have lots of windows so that could be part of the problem. If so then using insulated blinds or something like that might help. Improving the insulation of the entire house might save energy but it might not help the problem with her room being coole...
by Watty
Sat Dec 08, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 43
Views: 2569

Re: portable jump starters

A week ago I helped a lady in the parking lot. She had one of those, didn't help her, I had cables and jumped her car. +1000 Just carry jumper cables and know how to use them. As another poster said you do need to follow the instructions, in college my roommate managed to blow up a battery by doing...
by Watty
Sat Dec 08, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: Attic insulation-R30 to R60 worth it?
Replies: 31
Views: 2771

Re: Attic insulation-R30 to R60 worth it?

My daughters room has cathedral ceilings and is always about 2-3 degrees cooler in winter and 2-3 degrees hotter is summer. Could that be due to poor air circulation to her room? For example a 20x20 room with a flat 10 foot high ceiling would have 4,000 cubic feet of air. The same room with cathedr...
by Watty
Sat Dec 08, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: options to cover next 10 years before SS
Replies: 34
Views: 2044

Re: options to cover next 10 years before SS

without going into too much detail, my mom (59) and turning 60 next year and she is getting a significant pay cut at her job. she has $600k saved up to use for replacement income for next 10 years until she hits 70 and will start claiming SS. She is hoping to take $70k/year. The elephant in the roo...
by Watty
Sat Dec 08, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: When to consider making extra principal payments on mortgage?
Replies: 24
Views: 2168

Re: When to consider making extra principal payments on 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 wanted to have my house paid off by the time I retired so occasionally paying extra made sense for me. If you could get the house paid off by the time your kids start college ...
by Watty
Fri Dec 07, 2018 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to trade land without paying taxes or exchanging funds?
Replies: 19
Views: 1400

Re: Any way to trade land without paying taxes or exchanging funds?

If you have a mortage or home equity loan then your lender will likely not allow you to do this. It would be best to get any building permits needed before you do the swap. You could get halfway through the deal only to find out that you cannot get something like a permit to put in a septic system. ...
by Watty
Fri Dec 07, 2018 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs Lump Sum payment
Replies: 8
Views: 968

Re: Pension vs Lump Sum payment

So I've run the numbers, but the real question seems to be one of assumed risk. My first concern is that I'm really not confident in the long-term success of my former employer. However, an opposing risk is that cashing out of the pension feels like putting all my eggs in one basket. * like the ide...
by Watty
Fri Dec 07, 2018 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Stressed/Job loss/Retirement possible?
Replies: 34
Views: 3925

Re: Stressed/Job loss/Retirement possible?

3. We are totally stressed out and this hit us about 10 years prior to what we thought originally. I guess I am looking for advice and to some degree, reassurance. My husband and I are 51 and 49 respectively. ..... Total assets are $2.95M. ....... Can we comfortably retire NOW with $100k spending a...
by Watty
Fri Dec 07, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Retiree aka my Dad
Replies: 4
Views: 875

Re: Retiree aka my Dad

I would be looking to move to Vanguard or Fidelity where we can manage costs more effectively. If he is looking at a bankruptcy in the near future it would be good to check with his bankruptcy lawyer before moving any money between IRA custodians. I don't know that it would cause any problems but e...
by Watty
Fri Dec 07, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: Helping in-laws with buy vs lease
Replies: 14
Views: 945

Re: Helping in-laws with buy vs lease

Wife and I have always bought modest cars new with the plan to drive it until it falls apart. They are not in a financial position to do this, as even a corolla would be nearly all of their savings. I recently bought a new Corolla and it is the higher end of the price range for budget priced cars b...
by Watty
Fri Dec 07, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Climate Concerns re: small Jersey Shore Vacation Home
Replies: 54
Views: 2906

Re: Climate Concerns re: small Jersey Shore Vacation Home

One problem is that it does not take climate change for there to be unexpected problems. Even in a place like New Jersey there are not good records going back more than about 200 years since once you be back to colonial times the records may just say things like "big storm" or "big flood" which is h...
by Watty
Fri Dec 07, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: I need some money from my portfolio , sell out of which fund??
Replies: 9
Views: 474

Re: I need some money from my portfolio , sell out of which fund??

Many mutual funds will be paying a dividend soon. At least in the taxable account you may want to set them to not automatically reinvest the dividends and any capital gains distributions. You could use that for the funds you need then take any additional needed funds out of whichever fund is overwei...
by Watty
Thu Dec 06, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6271

Re: Health insurance for FIRE

It seems like the cost of healthcare is prohibitive of FIRE for many people thus making the whole industry (books, blogs, advice, internet sites, magazine articles) BUNK. In a lot of ways the unpredictability is worse than actual cost. If you had enough to retire today except for the healthcare cos...
by Watty
Thu Dec 06, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: DW has 39 credits of SS. Easiest way to get 40?
Replies: 15
Views: 2949

Re: DW has 39 credits of SS. Easiest way to get 40?

Unless you already have some sort of business it would be easier for her to just work and pay the self employment taxes. You would have to look into the details but she might be able to sell stuff on eBay and then declare that income. At least around here a lot of places still have signs up that the...
by Watty
Thu Dec 06, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges on Chase Credit Card -- Chase unresponsive
Replies: 8
Views: 1749

Re: Fraudulent charges on Chase Credit Card -- Chase unresponsive

Was it a business or consumer card? There are different rules for business cards.
by Watty
Thu Dec 06, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Retirement planning--how many years of cash equiv should I aim to have?
Replies: 16
Views: 2303

Re: Retirement planning--how many years of cash equiv should I aim to have?

Keeping a few months expenses in cash makes sense to me just for simplicity. If you could also have a situation where additional funds will be needed, like for your first seven years of retirement until you start Social Security then having those funds invested in something like a CD ladder also mak...
by Watty
Thu Dec 06, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 6846

Re: Anybody Miss the Crypto Rage on BH Forums

Even the schoolteachers will be well paid (given the high cost of living). Not as much as you might think, about $71,000 a year. https://www.glassdoor.com/Salaries/san-jose-teacher-salary-SRCH_IL.0,8_IM761_KO9,16.htm When I lived there (which was long ago) people in jobs like that really struggled ...
by Watty
Thu Dec 06, 2018 8:40 am
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 6846

Re: Anybody Miss the Crypto Rage on BH Forums

Google is like the Standard Oil of its age.... That should be a scary analogy if you own Bay Area real estate. Standard Oil caused Cleveland to boom but Cleveland's golden age is far in the past. The Bay area has a population of around seven million people but world wide Google has around 85,000 em...
by Watty
Wed Dec 05, 2018 11:12 pm
Forum: Personal Consumer Issues
Topic: 55 year old may need hearing aid
Replies: 13
Views: 1476

Re: 55 year old may need hearing aid

Other lessons learned that I have no clue I will need? Be sure to check with your insurance company to to see if there is any coverage for hearing aids. Often(usually ?) they are not covered but when we checked with our insurance company it turned out that it did cover the cost of a basic hearing a...
by Watty
Wed Dec 05, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6271

Re: Health insurance for FIRE

What do you do for FIRE insurance? What is the cost and have you had any problems? Any pointers? Trying to predict future healthcare expenses is a fool's errand and you have no hope of coming up with an accurate plan so the best you can do is to plan for a reasonably bad scenario. I planned my reti...
by Watty
Wed Dec 05, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Managing ACA income with a Vanguard Variable Annuity
Replies: 17
Views: 1379

Re: Managing ACA income with a Vanguard Variable Annuity

It probably would not directly help you but one thing I have done is that I got a home equity line of credit. I can use that to smooth out my income or have more options if I have a large unexpected expense. In addition to the subsidy cliff it is also important to remember that the amount of the sub...
by Watty
Wed Dec 05, 2018 5:04 pm
Forum: Investing - Theory, News & General
Topic: Question: When Bubbles Burst, Do Asset Prices Go Below Instrinsic Value?
Replies: 14
Views: 1434

Re: Question: When Bubbles Burst, Do Asset Prices Go Below Instrinsic Value?

With real estate the price of a building can drop below what it would cost to build the building.

That does not mean that it is necessarily a good deal since the housing market in an area like Detroit may not recover anytime soon.
by Watty
Wed Dec 05, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 6846

Re: Anybody Miss the Crypto Rage on BH Forums

coupleofcents wrote:
Wed Dec 05, 2018 2:12 pm
What other investing philosophies/strategies do you find most likely to compete with Bogleheads in the years to come?
Bay Area housing.

There have been lots of threads about that along with other high cost of living areas.
by Watty
Wed Dec 05, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Travel now & work a bit longer, OR the other way around?
Replies: 38
Views: 2851

Re: Travel now & work a bit longer, OR the other way around?

Are you planning a trip to the Moon on SpaceX? No, just Galapagos, Safari, Katmai, etc. They seem almost as expensive :) Those are all very expensive destinations that would be difficult to do on a modest budget. There may be few other kids on the trips and some tour groups may not even allow kids ...
by Watty
Wed Dec 05, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Should we abandon the Roth IRA (for now)?
Replies: 19
Views: 1951

Re: Should we abandon the Roth IRA (for now)?

A couple of things to consider; 1) Your plans to retire in a high tax bracket might not happen if you run into some setback in your life, health, or career. Once you get in your 50s and any kids are out on their own and your house is paid off you may also decide that retiring in a lower tax bracket ...
by Watty
Wed Dec 05, 2018 8:40 am
Forum: Personal Consumer Issues
Topic: Is this normal for an HOA?
Replies: 87
Views: 7453

Re: Is this normal for an HOA?

There is a lot that is unknown so I would not be quick to jump to conclusions.

For example if the HOA has a pool then the age of the kids could be important since there could be some insurance requirement that kids below a certain age only use the pool when accompanied by a parent.
by Watty
Wed Dec 05, 2018 12:47 am
Forum: Investing - Help with Personal Investments
Topic: Financially Able to Retire?
Replies: 21
Views: 3220

Re: Financially Able to Retire?

Pension vested will pay gross $52k per year until 2nd death Would that start immediately or when you are 65? This website was created by a poster her who has written a book on Social Security. You can use it to check your claiming strategy to see what it thinks is mathematically optimal. It does no...
by Watty
Wed Dec 05, 2018 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Why Is Insurance Worth It (Analytically)?
Replies: 89
Views: 4173

Re: Why Is Insurance Worth It (Analytically)?

Four things have not been mentioned(unless I missed it) 1) A reasonable case can be made for having a very high deductible. 2) If you have a mortage or a car loan then insurance will be required. 3) Your car/home/umbrella insurance also includes the cost of any legal defense. Legal bills can not onl...
by Watty
Wed Dec 05, 2018 12:06 am
Forum: Investing - Help with Personal Investments
Topic: TIPS Mutual Funds for emergency funds
Replies: 8
Views: 864

Re: TIPS Mutual Funds for emergency funds

iBonds would be worth considering for the second or third tier of your emergency fund. You would have to set that up over several years because or the purchase limits and redemption limitations but once they are set up you would not have any tax issues until they are redeemed and they would not chan...
by Watty
Wed Dec 05, 2018 12:01 am
Forum: Personal Consumer Issues
Topic: Car Negotiation on MSRP?
Replies: 26
Views: 2199

Re: Car Negotiation on MSRP?

sforce.anilg wrote:
Tue Dec 04, 2018 11:43 pm
Housedoc wrote:
Tue Dec 04, 2018 8:18 am
Remember, Truecar is associated with dealers/manufacturers. Their price is not your best price.
100% agreed! It is creepy to trust TrueCar value estimates! :sharebeer
When I mentioned TrueCar it was to say that their excellent price was an upper limit on what you should consider paying.
by Watty
Tue Dec 04, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: credit cards
Replies: 13
Views: 1148

Re: credit cards

The best all around: Citi Double Cash The Alliant Card is better if you spend over 12k per year. The Fidelity Card is good if you have Fidelity. AMEX BlueCash is best if you have a grocery/gas heavy budget. The best foreign cash back card: Capital One Quicksilver I would the add Costco Visa for the...
by Watty
Tue Dec 04, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Another Home Affordability Thread
Replies: 13
Views: 1465

Re: Another Home Affordability Thread

Home cost expected $1.5-$1.7M; property taxes also high, millage rate around 40 ($30-40k in property taxes annually :shock: ). ...... Cash (including emergency fund): $750k After tax investments: $1M (95% stocks, 5% bonds) Secondary question: what is the smart thing to do with our current condo, ca...
by Watty
Tue Dec 04, 2018 8:41 pm
Forum: Personal Consumer Issues
Topic: Is this normal for an HOA?
Replies: 87
Views: 7453

Re: Is this normal for an HOA?

If the HOA has limitation on renting the property this could be related to that. This could help identify any rentals, but it does seem badly done.
by Watty
Tue Dec 04, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: transfer 401k to IRA transaction delays
Replies: 11
Views: 372

Re: transfer 401k to IRA transaction delays

It is rare for this to be done electronically. They must be sure they are sending it to the person entitled to it (employee's last address). So this mail the check procedure is not unusual. +1 When a time estimate like two weeks is given it will often be overstated and it may happen sooner. For an ...
by Watty
Tue Dec 04, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Reuqesting Help With Managing of Winnings
Replies: 37
Views: 3651

Re: Reuqesting Help With Managing of Winnings

It would be good to look up the "safe harbour" rules so that you do not have a penalty for underwithholding. The tax impact can be hard to predict since in addition to the taxes on the winnings the additional income could also cause things like income based tax credits to be phased out. You may want...
by Watty
Tue Dec 04, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: New TV and a black screen
Replies: 22
Views: 1121

Re: New TV and a black screen

Since you bought it at Costco that come with their technical support. I would try giving them a call to find out what they say.

https://www.costco.com/concierge.html
by Watty
Tue Dec 04, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Sign Up
Replies: 22
Views: 2046

Re: Medicare Sign Up

What are others doing? I have not started Medicare yet but when we were signing my wife up we decided to go with traditional Medicare with a "G" supplement that covers about as much as possible. The main reason was that we were concerned what any Medicare Advantage plan would look like in ten years...