Search found 12523 matches

by Watty
Sun Feb 25, 2018 3:36 pm
Forum: Personal Consumer Issues
Topic: Value of an Elite MBA
Replies: 30
Views: 2833

Re: Value of an Elite MBA

No MBA background(I was a techie before I retired) but a few general comments; 1) If you go back to school full time then be sure to factor in the lost income, and lost retirement savings into the costs. That could be comparable to the tuition costs when you factor in benefits. While you are in scho...
by Watty
Sun Feb 25, 2018 1:22 am
Forum: Personal Consumer Issues
Topic: Playa del Carmen Vacation -- Excursion and Restaurant tips
Replies: 10
Views: 565

Re: Playa del Carmen Vacation -- Excursion and Restaurant tips

Instead of taking a bus tour one option is to hire a taxi for the day to take you places like Chichen Itza. You can then go on your schedule and stop where you want to. Make sure that they take the toll road which would be a lot faster but cost a bit more. When you are taking taxis around if you hav...
by Watty
Sun Feb 25, 2018 12:39 am
Forum: Personal Consumer Issues
Topic: manual typewriters?
Replies: 39
Views: 1360

Re: manual typewriters?

If you buy one online watch out for the shipping costs, they weight a lot.

Craigslist is likely the best place to get one locally.
by Watty
Sun Feb 25, 2018 12:23 am
Forum: Investing - Theory, News & General
Topic: Atlantic Article: This Is What Life Without Retirement Savings Looks Like
Replies: 26
Views: 4090

Re: Atlantic Article: This Is What Life Without Retirement Savings Looks Like

Traditional private pensions were not a cure all since they were rarely if ever inflation adjusted so they only worked well when people typically only lived a limited time after retiring. As long as I pay off my mortgage, which I will as long as I don’t default before age 61, projected social securi...
by Watty
Sat Feb 24, 2018 11:11 pm
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 61
Views: 2986

Re: How Far is too Far, Commuting?

One thing to keep in mind is that your commute time will vary a lot from day to day depending on the traffic and weather. If you don't have a job where you can regularly show up late then you will need to leave for work earlier than you might normally need to just so that you can be at work on time ...
by Watty
Sat Feb 24, 2018 10:49 pm
Forum: Personal Consumer Issues
Topic: How to rent a specific car, Bogleheads way?
Replies: 26
Views: 1230

Re: How to rent a specific car, Bogleheads way?

If you get a car from a rental company you also need to make sure that you get the same trim level and year that you are looking at buying since the seats could be different. Some rental car sales lots will let you rent a car for a few days to try it out if you would not mind having a used rental ca...
by Watty
Sat Feb 24, 2018 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: "Invest" in Student Loans or Retirement?
Replies: 15
Views: 704

Re: "Invest" in Student Loans or Retirement?

Dont want to hyjack the thread but as a couple in a somewhat similar position tracking our net worth, do you factor in home value into net your net worth calculations? You count your home equity which would be the what you could net if you sold the house less the mortgage payoff amount. This is pre...
by Watty
Sat Feb 24, 2018 3:53 pm
Forum: Personal Consumer Issues
Topic: How to rent a specific car, Bogleheads way?
Replies: 26
Views: 1230

Re: How to rent a specific car, Bogleheads way?

Kenkat wrote:
Sat Feb 24, 2018 3:50 pm
You might contact a Hyundai dealer and see if they would let you take a used or demo Sante Fe on an extended test drive. If they are convinced you are serious buyer, they might let you have one overnight, maybe longer.
+1

You might even have the option of buying that specific car.
by Watty
Sat Feb 24, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Just had our offer accepted on a $1.4 Million House
Replies: 84
Views: 6874

Re: Just had our offer accepted on a $1.4 Million House

I might have missed it but I would assume that you are relatively young. It would be good not get too excited about home price appreciation. Even in a normal area that is not arguably in a bubble price appreciation may not be so great over the very LONG term. The problem is that a plausible argument...
by Watty
Sat Feb 24, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: "Invest" in Student Loans or Retirement?
Replies: 15
Views: 704

Re: "Invest" in Student Loans or Retirement?

2) At your income level, I do not think your contribution to IRA is tax deductible. +1 And even if you could it would likely prevent you from doing backdoor Roths later on. https://www.irs.gov/retirement-plans/ira-deduction-limits Maxing out the 401k is a no-brainer easy choice in your tax bracket....
by Watty
Sat Feb 24, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: Ethics of selling a used car
Replies: 45
Views: 2532

Re: Ethics of selling a used car

I have sold used cars before and I think I have gotten really good prices since I had good records and was up front with potential buyers about any issues and I mentioned these before they asked when we first talked on the phone about the car. Some potential car buyers are more concerned about getti...
by Watty
Sat Feb 24, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Company changes 401k...again.
Replies: 5
Views: 373

Re: Company changes 401k...again.

We used to have VIIIX (S&P 500) expense ratio 0.02 I know it was awesome. We got that replaced with the Vanguard US Large Cap Equity there is no ticker. Has fund number 1710. It is a fund that tracks the S&P 500 with an expense ratio of 0.016% That is actually 0.004% better which is a 20% improveme...
by Watty
Sat Feb 24, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employees, leading up to retirement?
Replies: 28
Views: 1388

Re: Federal Employees, leading up to retirement?

I am not a fed but be sure to understand the differences in the TSP inheritance rules. It really surprised me when I first heard about this.

See my post in this thread;

viewtopic.php?f=1&t=242466&p=3797840&hilit=tsp#p3797840
by Watty
Sat Feb 24, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Home Equity loan to pay off balloon loan?
Replies: 15
Views: 545

Re: Mortgage or Home Equity loan to pay off balloon loan?

Her share of the commercial real estate could be sold back to the partners at any time if necessary. Could she sell a fraction of her share to them now to have enough to pay off her house? Just for diversification selling some of it not be a bad idea. If she could sell them maybe $50K a year for th...
by Watty
Sat Feb 24, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Just had our offer accepted on a $1.4 Million House
Replies: 84
Views: 6874

Re: Just had our offer accepted on a $1.4 Million House

We'll have about a 24-36 month EF after the purchase ...... Conventional Loan: 4.125% on a 30 year fixed loan, no points. 20% down. Doctor Loan: 4.3% on a 30 year fixed loan, no points. 10% down. and no MI. With either of these options your loan will be well above the $750,000 loan amount that you ...
by Watty
Sat Feb 24, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Home Equity loan to pay off balloon loan?
Replies: 15
Views: 545

Re: Mortgage or Home Equity loan to pay off balloon loan?

One more concern I thought of is that when you Mom is no longer able to work at the business then what will happen to the business? If they have to hire someone to do the work she is doing then that persons salary that might eat up most of the income that they are getting from the business. Is there...
by Watty
Sat Feb 24, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Home Equity loan to pay off balloon loan?
Replies: 15
Views: 545

Re: Mortgage or Home Equity loan to pay off balloon loan?

I spoke with a loan officer today about a HE loan. He suggested taking a 20yr loan at 5.3%, but pay the $2500/month not the $900. No closing costs. Interest not tax-deductible? I didn't follow the numbers and don't really understand how they could make that payment with the business income and two ...
by Watty
Sat Feb 24, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Need Review Help-New Home buy situation -first time thread
Replies: 10
Views: 575

Re: Need Review Help-New Home buy situation -first time thread

Financially you should be fine and if you are careful with your spending for the first six months you should be able to quickly replenish your liquid cash. If the townhouse is still under construction then it could be a few months until it is completed and if you live on a tight budget until then yo...
by Watty
Fri Feb 23, 2018 10:30 pm
Forum: Investing - Theory, News & General
Topic: Evidence that retirement account ID theft is increasing
Replies: 26
Views: 3401

Re: Evidence that retirement account ID theft is increasing

tractorguy wrote:
Fri Feb 23, 2018 9:20 am
The elderly person didn't notice any of these notifications.

IMOP, this kind of fraud is fairly easy to guard against. The obvious steps are;

Things like this may not be easy for an elderly person even if they were computer literate in their younger days.
by Watty
Fri Feb 23, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: New Dryer with Issues... Should I return it?
Replies: 16
Views: 1217

Re: New Dryer with Issues... Should I return it?

A defective sensor could be a fire hazard. I would return it.
by Watty
Fri Feb 23, 2018 4:16 pm
Forum: Personal Consumer Issues
Topic: I week in California, Road Trip Planning
Replies: 50
Views: 2030

Re: I week in California, Road Trip Planning

Any advise on car rental ? Price the rental car in both directions. Depending on where they need cars the prices may be dramatically different and it may be much less expensive to go the other way. For a one way rental you may want to price that directly with each rental car company on their web si...
by Watty
Fri Feb 23, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Guaranteed 2% return?
Replies: 34
Views: 2622

Re: Guaranteed 2% return?

Do you by any chance have a mortgage that you could pay down then use your "mortgage payment" to save up enough to pay off the loan in five years? the ~2% interest rate is historically low and is a corporate loan. I am not a tax guru but I would be concerned that a below market interest rate on a lo...
by Watty
Fri Feb 23, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Employment for Immigrant Wife
Replies: 27
Views: 2321

Re: Employment for Immigrant Wife

True. But I was referring to things cultural vs language. Though yes, times have changed. mahalo, j :D Fortunately, she speaks both fluently :) Judging someones fluency can be complicated. I have heard of native speakers of Spanish that applied for jobs that required the ability to speak Spanish. A...
by Watty
Fri Feb 23, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Guaranteed 2% return?
Replies: 34
Views: 2622

Re: Guaranteed 2% return?

One complication is if you will have ongoing loan payments of just a balloon payment at the end of five years.

This could be an issue if you put the money into a bond or CD that matures in five years and would have to make the monthly payments out of other funds.
by Watty
Fri Feb 23, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Check-up and House and Alt Investment Questions
Replies: 9
Views: 573

Re: Check-up and House and Alt Investment Questions

We are in the sweet spot of about 100K salary but with deductions get the 12% bracket,.... If you get some raises or your wife goes back to work when your kids are older then you would likely have too much income to qualify for deductible IRA contributions. You may be able to also do Roth conversio...
by Watty
Fri Feb 23, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4277

Re: Giving up on first home

Thanks to everyone here. We're going to bail out due to some safety issues uncovered. Such an awful experience and makes us want to rent forever. Will be processing this for awhile. I'm curious, what was the safety issue? If the inspection turned up some problems that was money well spent.
by Watty
Fri Feb 23, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Check-up and House and Alt Investment Questions
Replies: 9
Views: 573

Re: Check-up and House and Alt Investment Questions

There are all sorts of opinions on the Roth vs Traditional question and there is a wiki on this choice. https://www.bogleheads.org/wiki/Traditional_versus_Roth Above the 12% (or old 15%) tax bracket a Roth would be much harder to justify. One factor to consider is that you are only 32 now so you are...
by Watty
Fri Feb 23, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Wanna try a more risky fund in Roth IRA
Replies: 16
Views: 1204

Re: Wanna try a more risky fund in Roth IRA

For a truly risky investment you might want to buy it in a taxable account so that you can deduct the capital loss if it does not work out.

If it does do well then the long term capital gains tax rates are not too bad, or even zero if your income is low enough.
by Watty
Fri Feb 23, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Spousal deductible Trad Contribution
Replies: 15
Views: 823

Re: Spousal deductible Trad Contribution

[Post merged into here, see below. --admin LadGeek]

You asked this same question yesterday.

viewtopic.php?f=2&t=242439
by Watty
Fri Feb 23, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Home Warranty Paid by the Seller
Replies: 17
Views: 1097

Re: Home Warranty Paid by the Seller

This is a custom to provide a home warranty for a year. To be honest, the warranty services all suck. The seller usually pays like $500-700 for it. I would just request a cash credit. +1 It has been a while but we got one when we bought our house and may have had two minor repairs that we tried to ...
by Watty
Fri Feb 23, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Retiree newbies financial life...
Replies: 4
Views: 987

Re: Retiree newbies financial life...

Be sure to look at your numbers three ways, as a couple and as if either of your survives the other. Your pension and Social Security amounts with just one check could be very different after one of you dies. 5. Any thoughts on financing, other than conventional mortgage, for a second home in Florid...
by Watty
Fri Feb 23, 2018 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Small Personal Loans for Mixed Martial Arts Training
Replies: 29
Views: 1990

Re: Small Personal Loans for Mixed Martial Arts Training

The interest rates on any small personal loan like this are likely terrible which would be another reason to save up the money to pay cash. If you need to then get a second job to be able to save up for this. Don't even think of getting a loan at some place like a payday lender or or some lending st...
by Watty
Fri Feb 23, 2018 6:44 am
Forum: Investing - Help with Personal Investments
Topic: % of net worth to sink into property?
Replies: 2
Views: 508

Re: % of net worth to sink into property?

Here is a calculator that will help decide if renting or buying is a better financial choice. https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html The impact on your monthly expenses is likely a more important factor than how much of your net worth is in the property. The phase o...
by Watty
Thu Feb 22, 2018 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: First time poster looking for advice [traditional IRA with pension]
Replies: 5
Views: 370

Re: First time poster looking for advice [traditional IRA with pension]

Yes. Husband maxes out his 401K. I thought I read in one of the other forums that there are restrictions for traditional IRA's if you have an employer funded pension. I have a defined benefit pension that is fully funded by my employer. There are restrictions on deducting the contributions. Backdoo...
by Watty
Thu Feb 22, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal deductible Trad Contribution
Replies: 15
Views: 823

Re: Spousal deductible Trad Contribution

IndigoE wrote:
Thu Feb 22, 2018 4:39 pm
We each made a small amount of income in the Peace Corps ($4500 each).
I don't know if it would matter but if the income was for work your did overseas then that would be worth looking into.
by Watty
Thu Feb 22, 2018 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Check-up and House and Alt Investment Questions
Replies: 9
Views: 573

Re: Check-up and House and Alt Investment Questions

State of Residence: GA ......... New annual Contributions $25,000 his Employer Retirement Trust (company contribution) $5,500 his Roth IRA $5,500 her Roth IRA $6,000 taxable/buying our next home fund Questions: 1. Anything that pops out that seems out of place? I am also in Georgia. The tax laws he...
by Watty
Thu Feb 22, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Diversification
Replies: 7
Views: 567

Re: Diversification

29 with anout 100k in stocks 50 in 401k 50 in a brokerage. My 401k is 45% vanguard 500 index 35% vanguard total international stock index 10% mid cap index 10% small cap index. I am looking for thoughts and opinions on how to diversify the remaining 50 k in my brokerage account. I currently have it...
by Watty
Thu Feb 22, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice - to apply for promotion or not
Replies: 6
Views: 858

Re: Career advice - to apply for promotion or not

You should apply for the promotion, You might get it, you never know until you try. If you don't get it you may get additional feedback that will help you decide if you should remain with your current employer or begin exploring your options. If you don't get it you might also get good feedback on ...
by Watty
Thu Feb 22, 2018 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Tiny Windfall But Big Help
Replies: 11
Views: 1307

Re: Tiny Windfall But Big Help

Use the windfall and $2K from the emergency fund to pay off the car and be done with it. Use cash flow to replenish the EF. Then increase your 401k contributions. +1 And start saving up a bit each month to be able to pay more cash for you next car. The age is somewhat arbitrary but maybe by the tim...
by Watty
Thu Feb 22, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Employment for Immigrant Wife
Replies: 27
Views: 2321

Re: Employment for Immigrant Wife

when she gets her work authorization and green card (this summer). and due in September, Her plan would be to stay home full-time for 6 months after the baby is born We feel a bit overwhelmed, Starting a new job this summer when she is seven months pregnant would be unrealistic unless you are despe...
by Watty
Thu Feb 22, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement strategy for wife
Replies: 18
Views: 2491

Re: Early retirement strategy for wife

1. Is there a way to access our 401k/simple IRA without penalty before age 59.5? There is a wiki on one way of doing this. https://www.bogleheads.org/wiki/Substantially_equal_periodic_payments Most 401k plans also allow you to access the funds without a penalty if you are 55 in the year you leave t...
by Watty
Thu Feb 22, 2018 4:13 pm
Forum: Investing - Theory, News & General
Topic: I'm thinking about buying some real estate to diversify my virtual wealth - agree?
Replies: 17
Views: 1342

Re: I'm thinking about buying some real estate to diversify my virtual wealth - agree?

I don't own a home or any property and never have (always been a renter), but I'm thinking about buying a coop apartment or condo, and a vacation condo too. Buying the place that you live in can make a lot of sense so I would look at that question separately from buying some sort of investment prop...
by Watty
Thu Feb 22, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Recent retiree - where to invest today
Replies: 23
Views: 1858

Re: Recent retiree - where to invest today

Thank everyone for their thoughtful comments. They were all read carefully and considered. I think I’m going to put everything back into the two funds that I had invested in (50% wellesley admiral and 50% 2015 target retirement). By rule, I do have to wait one month to reinvest so March 6 is the da...
by Watty
Thu Feb 22, 2018 12:15 am
Forum: Personal Consumer Issues
Topic: Cedar Roof
Replies: 27
Views: 1618

Re: Cedar Roof

When researching this you need to distinguish between cedar shingles and cedar shakes since they are very different products. The shingles are basically thin flat sawn boards, shakes are thick rough wedges of split wood. As I recall they have very different life expectancies but I don't want misquot...
by Watty
Wed Feb 21, 2018 7:39 pm
Forum: Personal Consumer Issues
Topic: what should be the subject line when contacting previous employer
Replies: 10
Views: 609

Re: what should be the subject line when contacting previous employer

nps wrote:
Wed Feb 21, 2018 7:35 pm
Why don't you call them instead?
+1

Email would be a poor choice for that type of communication.
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: 1082

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: 11
Views: 831

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: 23
Views: 827

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: 1082

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? ** How to deduct in 2018??
Replies: 91
Views: 4952

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...