Search found 11748 matches

by Watty
Wed Dec 13, 2017 4:04 pm
Forum: Personal Consumer Issues
Topic: Downsizing - How much to invest in a house before selling?
Replies: 16
Views: 947

Re: Downsizing - How much to invest in a house before selling?

If you are using a real estate agent, ask questions and listen. Take their advice sometimes. I would modify that to be talk with several real estate agents before picking one. The last time I sold a house I talked to about six agents on the phone then selected three to let them do a competitive mar...
by Watty
Wed Dec 13, 2017 3:56 pm
Forum: Personal Consumer Issues
Topic: Downsizing - How much to invest in a house before selling?
Replies: 16
Views: 947

Re: Downsizing - How much to invest in a house before selling?

One more thought. Doing significant repairs could also delay getting your house on the market. In many areas the springtime is the prime selling seasons so one question to consider is what you can actually get done by around March 1st which is not all that far away. If any improvements delay getting...
by Watty
Wed Dec 13, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Office party secret santa, how to give the gift of investing?
Replies: 17
Views: 631

Re: Office party secret santa, how to give the gift of investing?

Giving a share of stock is a bad idea since the cost for them to sell it could be more than it is worth especially if there is an account closing fee if they need to open and close an account just to sell it. Even giving an investing book would not seem very appropriate for an office situation and i...
by Watty
Wed Dec 13, 2017 12:02 pm
Forum: Personal Consumer Issues
Topic: Downsizing - How much to invest in a house before selling?
Replies: 16
Views: 947

Re: Downsizing - How much to invest in a house before selling?

It really depends on your local market and even the price range within the market. As a general rule if something is actually broken or completely worn out it is almost always a good idea fix it since many buyers will overestimate what the repair might cost and it will make the house seem poorly mai...
by Watty
Wed Dec 13, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Almost fell off my chair...
Replies: 11
Views: 2324

Re: Almost fell off my chair...

Even if you might not like what you see reviewing your statements is important since you only have a limited time to correct any problems. I am not sure about mutual funds but with a bank if you don't report an error, or an unauthorized withdrawal, in 30 to 90 days the bank may not be required to co...
by Watty
Tue Dec 12, 2017 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Tom's First Post needing portfolio help
Replies: 6
Views: 549

Re: Tom's First Post needing portfolio help

Question 1: I know retirement is a long time away, but how can I try to know what a target amount of money should be for retirement? Asked another way, am I currently on pace to retire in my mid 60s or do I need to save more/live on less? At your age you setting a saving percent goal is really hard...
by Watty
Tue Dec 12, 2017 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Expenses, cash flow in retirement
Replies: 11
Views: 1050

Re: Expenses, cash flow in retirement

Let's say that at the moment, expenses are $6,000 a month and income (pensions, SS) is $4,000 a month. The difference was initially (~ 18 months) made up from after tax savings and more recently, from 401k withdrawals (not really counting that as income, though -- is that wrong?). Soon, will pay of...
by Watty
Tue Dec 12, 2017 4:45 pm
Forum: Personal Consumer Issues
Topic: Ancestry / 23andMe
Replies: 55
Views: 3299

Re: Ancestry / 23andMe

They were pretty unimpressed with inexpensive DNA tests except for some special situations like for adopted people and when there were several people named "John Smith" in the same city and you could not figure out which "John Smith" was your relative. In that situation you might be able to match y...
by Watty
Tue Dec 12, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 65
Views: 4791

Re: Can we afford to live on one income?

... it's pretty rare: only ~20% of married households have a stay at home parent... I would call 0.2% pretty rare. 20% (1/5 of households) is a lot higher than I would have guessed. That number could be misleading. I looked at the link and it is counting any households with kids under 18 so a lot o...
by Watty
Tue Dec 12, 2017 11:17 am
Forum: Personal Consumer Issues
Topic: Ancestry / 23andMe
Replies: 55
Views: 3299

Re: Ancestry / 23andMe

My parents have been wanting to get a new computer and I asked my mom what was she wanting to do on the computer, and she mentioned genealogy, which is what gave me this idea. They do not know what computer to get, but has to have a CD drive as my mom has pictures on CD's from Wal-Mart that she wan...
by Watty
Tue Dec 12, 2017 11:11 am
Forum: Personal Consumer Issues
Topic: Ancestry / 23andMe
Replies: 55
Views: 3299

Re: Ancestry / 23andMe

When I started researching my family tree I took a series of free classes that the local genealogy society gave and they had a session on DNA testing. The people giving the classes were professional genealogists. They were pretty unimpressed with inexpensive DNA tests except for some special situati...
by Watty
Tue Dec 12, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: Purchasing Airline Tickets
Replies: 31
Views: 2251

Re: Purchasing Airline Tickets

Prices are around $1,100 for two economy class round trip seats, Does that mean $550 each? If so then if that is a direct flight at an ideal time then I would be tempted to just book that. Having to make connections or fly at a less ideal time, or on some discount airline might not be worth a small...
by Watty
Tue Dec 12, 2017 9:31 am
Forum: Personal Consumer Issues
Topic: Cheap tablet just for internet surfing
Replies: 26
Views: 1782

Re: Cheap tablet just for internet surfing

An inexpensive Chromebook would be another option to consider.

The screen would likely be bigger and having a keyboard would work better for sending emails.
by Watty
Tue Dec 12, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement - Lump Sum vs. Annuity
Replies: 33
Views: 2064

Re: Early Retirement - Lump Sum vs. Annuity

Something to look into is that sometimes taking a lump sum also means that you don't get things like retiree health benefits. Monthly expenses around $4,000 One thing that is missing from your post is what your Social Security benefit amount will be. There will be all sorts of permutations on when e...
by Watty
Tue Dec 12, 2017 8:50 am
Forum: Personal Consumer Issues
Topic: Access to landlocked timber blocked by landowner
Replies: 29
Views: 2555

Re: Access to landlocked timber blocked by landowner

My father purchased a landlocked 40 acre timber a few years ago to sell timber and for recreational activities ie. hunting, hiking, etc. The landowners response was that we could hire a bulldozer and make our own access through the timber. This would be very expensive and likely not worth the effor...
by Watty
Mon Dec 11, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 78
Views: 6785

Re: Done gone and did it

I have to finalize my pension benefit. The choices are: Lump sum: $534,707.76 Single Life Annuity: $3,376.15 I'm single, so no beneficiary option. Running SPIA calculators, they come up with about $2500/month for that lump. I think the annuity makes the most sense. I have a substantial "lump sum" i...
by Watty
Mon Dec 11, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off a mortgage with an almost non-existent rate
Replies: 15
Views: 1197

Re: Paying off a mortgage with an almost non-existent rate

Or since we are maxing everything out, would it make sense to pay the mortgage off early? Does it ever make sense to pay off a mortgage with such a low interest rate? I am a huge fan of having a paid off house but at that rate I would be very reluctant to pay it off early since you could just put t...
by Watty
Mon Dec 11, 2017 12:49 pm
Forum: Investing - Theory, News & General
Topic: Cloud mining and holding bitcoin
Replies: 8
Views: 973

Re: Cloud mining and holding bitcoin

rmelvey wrote:
Mon Dec 11, 2017 12:34 pm
I don't like the cloud mining services. A lot of them are structured like a ponzi scheme. You are usually better off just buying and holding the crypto yourself.
And they may not be all that secure.

https://www.wsj.com/articles/millions-m ... 1512625176
by Watty
Mon Dec 11, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 78
Views: 6785

Re: Done gone and did it

Congradualtions!

At some, but not all companies, your healthcare benefits continue through the end of the month of when your last day is. If possible you might want to make the effective date February 1st to get that paid through the end of February.
by Watty
Mon Dec 11, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Sell to lock in 0% cap gains?
Replies: 10
Views: 1231

Re: Sell to lock in 0% cap gains?

It makes sense and is called tax gain harvesting. https://www.bogleheads.org/wiki/Tax_gain_harvesting In addition to federal and state taxes you also need to consider if it will impact things like college financial aid and healthcare subsidies. The reason is that even though you will owe zero federa...
by Watty
Mon Dec 11, 2017 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin IRA
Replies: 28
Views: 2388

Re: Bitcoin IRA

Makes me wonder.. If Bitcoin goes to $20K by end of 2017, 40K by 2018, and $100K by 2020, will people on this board keep saying "too late to the game" "end of the Bitcoin bubble" then? :D From my post earlier in the thread. Unfortunately one of the hallmarks of a bubble is that it can go on longer ...
by Watty
Sun Dec 10, 2017 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity
Replies: 15
Views: 1882

Re: Gap Year, Sabbatical, Leave of Absence - Questioning My Sanity

I'm currently 30 and my SO is 26. One red flag is that when you say significant other I would assume that you are not married and when you talk about your finances "we have" likely really means that you have and your SO have different amounts that would leave you in much different situations and li...
by Watty
Sun Dec 10, 2017 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage instead of buying bonds
Replies: 40
Views: 6061

Re: Paying off mortgage instead of buying bonds

Musicman, The majority of folks think you should invest vs paying off/down your mortgage. Using that same logic since I long ago paid off my morgage would it make sense for me to refinance my home and invest the balance???? Nope. I learned long ago that debt drives decisions, run from it as fast an...
by Watty
Sun Dec 10, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can/Should early retiree avoid ACA tax credits?
Replies: 34
Views: 2123

Re: Can/Should early retiree avoid ACA tax credits?

One thing to check on is that in many states you can buy a policy directly from the insurance company outside the exchange where you do not get a subsidy for a much lower price than if you buy a policy with the subsidy through the exchange. In some states the rules were implemented differently and i...
by Watty
Sun Dec 10, 2017 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Pay taxes on free food?
Replies: 30
Views: 3132

Re: Pay taxes on free food?

I have never received a 1099 from any of the pharmaceutical companies. I would guess 8-10 different companies have provided lunches for our department at about $10-$15 per lunch, and I have gone to a few dinners as well at around $80-$100 each. The gifts are only food and beverage. When I look at m...
by Watty
Sun Dec 10, 2017 3:44 pm
Forum: Investing - Theory, News & General
Topic: Buying index funds is just as speculative as buying Bitcoin
Replies: 64
Views: 3795

Re: Buying index funds is just as speculative as buying Bitcoin

The vast majority of people buying index funds don’t care much about the underlying companies they are purchasing shares of. Their primary goal is to perform as well as the underlying market and hopefully beat inflation . They are speculating that by throwing their money into a little bit of everyt...
by Watty
Sun Dec 10, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: How are 401k withdrawals taxed when you retire?
Replies: 12
Views: 1522

Re: How are 401k withdrawals taxed when you retire?

This is a wiki on making this choice. https://www.bogleheads.org/wiki/Traditional_versus_Roth What would my 401k withdrawals be taxed at when I withdraw them? Under the current tax laws an over 65 couple can have almost $100K in taxable income and still be in the 15% federal tax bracket. Of course t...
by Watty
Sun Dec 10, 2017 2:31 pm
Forum: Investing - Theory, News & General
Topic: Would a Bitcoin Crash affect the general markets?
Replies: 25
Views: 1859

Re: Would a Bitcoin Crash affect the general markets?

My limited knowledge of bitcoin see it simply as a hyped-up and speculative currency with no ties to anything of real value. What (if anything) would a crash do to the general stock market? Some companies like Nvidia which sells lots graphics cards to bitcoin miners would likely drop a lot. Having ...
by Watty
Sun Dec 10, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to get rid of lot of land?
Replies: 37
Views: 6394

Re: Best way to get rid of lot of land?

One more thought. If mobile homes would be allowed on the property then you could contact a mobile home seller in the area to see if they would take it.
by Watty
Sun Dec 10, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to live on one income?
Replies: 65
Views: 4791

Re: Can we afford to live on one income?

Spend a little time with a tax calculator such as the following to estimate what your real taxes will be. https://www.taxact.com/tools/tax-calculator A better way is to do dummy tax returns useing tax software that will also show you your state taxes. My income: $127k ...... $2,292 Mortgage: I didn...
by Watty
Sun Dec 10, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: likely date for a bitcoin crash: does this make sense to you?
Replies: 38
Views: 2355

Re: likely date for a bitcoin crash: does this make sense to you?

People brains are wired to see patterns where there is none.

This is why we see things in the shapes of clouds and inkblots.
by Watty
Sun Dec 10, 2017 2:19 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin IRA
Replies: 28
Views: 2388

Re: Bitcoin IRA

If you search the boards you will find a lot of threads about bitcoin. My takeaway(for what little that is worth) is that the main argument for buying it is that it might continue to go up so it is pure speculation. Unfortunately you are late to that party and when you start getting lots of email ab...
by Watty
Sat Dec 09, 2017 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 4391

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

5.0 Potential loan that is fully secured with land assets only are not feasible in the 2017 world of banking. Unless you have income, assets are meaningless. Part of the problem may be that a land loan is much different than loan on a house that can quickly sold. Land can be very difficult to value...
by Watty
Sat Dec 09, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Consumer Loan
Replies: 6
Views: 352

Re: Consumer Loan

Will they accept a discounted amount for cash? +1 Or you could buy them with a credit card and get at least a 2% rebate. You would of course pay off the credit card right away. I agree with the comment that $12K is a LOT to pay for appliances, especially if paying cash for it would make you concern...
by Watty
Sat Dec 09, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Time to move to a different company?
Replies: 4
Views: 764

Re: Time to move to a different company?

- My commute is quite bad. On a normal day it can take 75-90 minutes each way, on a good day about 45 minutes. ...... - Commute would be about 30-40 minutes at most, it's at the halfway point to my current location That commute by itself would be reason enough to change jobs. There is no telling wh...
by Watty
Sat Dec 09, 2017 8:40 am
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 4391

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

I suspect that you may not be getting the whole story since a lot of things don't add up and the banks may be easy to blame when he is talking to you. As others have said; The farm should be producing income. Farm equipment that has not been used in years will have little value so most of the value ...
by Watty
Sat Dec 09, 2017 12:35 am
Forum: Personal Finance (Not Investing)
Topic: How to lead a horse to (boglehead) water?
Replies: 10
Views: 777

Re: How to lead a horse to (boglehead) water?

At that age there are a lot of financial goal other than retirement so they could be doing better than it appears. For example; 1) Getting student loans paid off. 2) Buying a car and getting it paid off. 3) Staying out of credit card debt. 4) Saving up to buy a house. 5) Building up an emergency fun...
by Watty
Sat Dec 09, 2017 12:25 am
Forum: Personal Finance (Not Investing)
Topic: CPA: The best profession if you want to make the most money + keep the most money?
Replies: 61
Views: 6247

Re: CPA: The best profession if you want to make the most money + keep the most money?

Be careful what you ask for, you might get it. It will vary a lot within the field but none of the doctors or CPA's that I have known had a very good work life balance. Doctors get hit especially hard in medical school and their training. Most of the CPA's I have known worked in a corporate environm...
by Watty
Fri Dec 08, 2017 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: Suddenly have money! Now what?
Replies: 8
Views: 1910

Re: Suddenly have money! Now what?

ShouId I be piling up money like a grumpy dragon just in case? In addition to retirement there are other things that need to budget for like; 1) An emergency fund of at least six months expenses. 2) A fund for all the costs for the new baby and for while you are out on maternity leave. 3) A fund to...
by Watty
Fri Dec 08, 2017 8:53 pm
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 64
Views: 3615

Re: I am buying a car: Most/Least Reliable Makes?

Be sure to research the reliability the CVT transmission if you are looking at a car with one. Some models have had problems.
by Watty
Fri Dec 08, 2017 5:01 pm
Forum: Investing - Help with Personal Investments
Topic: help me predict investment return of my kid's IRA
Replies: 17
Views: 806

Re: help me predict investment return of my kid's IRA

You can plug the numbers into Firecalc and see what the investment return would have been in the past.

https://www.firecalc.com/
by Watty
Fri Dec 08, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in my early 40s? Crazy or actually doable?
Replies: 71
Views: 8524

Re: Retire in my early 40s? Crazy or actually doable?

If you get a 401k match then one thing to check on is if it is fully vested or not. Retirement does not need to be a permanent choice. You could plan to take a year off and then decide if you want to fully retire or not. If you find that you need or want to go back to work the you can find something...
by Watty
Fri Dec 08, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: on keeping a tranche of active mgmt in Roth
Replies: 16
Views: 617

Re: on keeping a tranche of active mgmt in Roth

I have this urge to use my Roth space to hold a few actively-managed core equity funds, which would make my domestic equity allocation 15-20% active. What are your expectations if you do this? An active fund manager would be in the investing hall of fame if they could beat a comparable index fund b...
by Watty
Fri Dec 08, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: I don't know how it happened! [starting new business soon, how to avoid 1% AUM cost]
Replies: 14
Views: 1209

Re: I don't know how it happened! [retiring soon, how to avoid 1% AUM cost]

I would like to avoid paying a adviser 1% A huge problem that the 1% fee is often only the tip of the iceberg since they will often put you into high cost investments with high fees because they get paid an additional commission to do that. There have been academic studies that show that for someon...
by Watty
Fri Dec 08, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 76
Views: 6383

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

Do you have any coding skills? I am a software developer in a LCOL area with 9 years experience and make well over 100k, and I don't consider myself exceptional. Even the average performers here usually earn 90k+ after a few years of experience. If you can take a few classes to pick up some develop...
by Watty
Fri Dec 08, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money
Replies: 76
Views: 6383

Re: 33 years old, 13 years IT experience, currently make 63k a year. I need advice to start making more money

With your background I would add another vote to get into cyber security. There is so much demand for that now that once you can get your foot in the door you can learn a lot on the job. In many other areas of IT there may be a checklist of skills that an employer will want you have to ALL of to eve...
by Watty
Fri Dec 08, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: router - can I set it up myself?
Replies: 15
Views: 1072

Re: router - can I set it up myself?

When I replaced my router a few years back (my first time) it was pretty much plug and play. Of course I had to read the instructions to set my passwords and such but the instructions were very easy to follow. As for brand, I just went onto Amazon and read the reviews for awhile to get a sense of q...
by Watty
Fri Dec 08, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: At what age your investments start making more money than you?
Replies: 107
Views: 7267

Re: At what age your investments start making more money than you?

On the flip side also consider the years when your investments went down by more than your gross income. For example in 2008 the Vanguard 2015 fund was down by more than 24%. I didn't look it up but that year I that my investments probably dropped by several times my gross income. :twisted: For icin...
by Watty
Fri Dec 08, 2017 10:20 am
Forum: Personal Consumer Issues
Topic: Extended warranty on 2018 Outback
Replies: 47
Views: 1589

Re: Extended warranty on 2018 Outback

One more thought. You can buy the factory warranty at any time before the full warranty expires so you do not need to decide now. If you don't buy one now you will likely get offers in the mail every few months to buy one and when the car is about three years old you may get them weekly, at least th...
by Watty
Fri Dec 08, 2017 10:10 am
Forum: Personal Consumer Issues
Topic: Extended warranty on 2018 Outback
Replies: 47
Views: 1589

Re: Extended warranty on 2018 Outback

I can buy a Subaru backed, 7 year, 100,000 mile warranty with $100 deductible for $1375 - this warranty basically extends the factory warranty for 4 extra years and 64,000 miles (with a $100 deductible per event). It likely already comes with a 5 year 60k powertrain warranty so many of the big repa...