Search found 14839 matches

by Watty
Thu Jan 17, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 55
Views: 2694

Re: Should I buy a house in the Bay area or give up?

Single? Rent a two-bed apt and find a roomate. Save you ton of money. Invest all left in to three vanguard fund portfolio. Now that I've turned 30, I feel like I'm too old to have a roommate. Thoughts? Also my housing expenses keep increasing due to rising rents, which leaves less money for investi...
by Watty
Thu Jan 17, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Paying extra on mortgage - what am I missing?
Replies: 44
Views: 2448

Re: Paying extra on mortgage - what am I missing?

 If you do not pay it off then you will have more sequence of returns risk. For example in rough numbers if you just kept a $100K mortgage and also put $100K into a separate investing account which you also pay a $500 a month mortgage out of then; a) If you get unlucky and get a modest 10% decline ...
by Watty
Thu Jan 17, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 55
Views: 2694

Re: Should I buy a house in the Bay area or give up?

It was a long time ago but I was about your age when I lived in the Bay Area and housing has always been expensive there. I decided to move to a much lower cost of living area where housing cost maybe a fifth(or less) of what housing cost in the Bay Area. The area I moved to also had a much higher q...
by Watty
Thu Jan 17, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Paying extra on mortgage - what am I missing?
Replies: 44
Views: 2448

Re: Paying extra on mortgage - what am I missing?

What am I missing? 1) Before you make a large prepayment you should call up your lender if they will "recast your mortage" (Google this). They are not required to but they often will for just a processing fee of a few hundred dollars. The way this works is if you pay the loan down by 25%(or whateve...
by Watty
Thu Jan 17, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 88
Views: 4464

Re: How much house can I afford (really)?

Balance Sheet Cash ~$175k 401k - $400k 529s - $40k Home Equity: $190k Cars are paid off -- no debt other than mortgage Income Me: $195k base + $65k bonus (Total $260k) Wife: $35k A big red flag to me is that from what you have said you have an income of around $300K but your net worth is only about...
by Watty
Wed Jan 16, 2019 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 62
Views: 6467

Re: Have I Now Become Out of Touch Financially? Aging question...

I have been retired 11 years from a low six figure job. .... A big mac is $4 ! ..... Have wages/prices suddenly taken off like what happened in the 1970's/1980's? In eleven years that has been about 20% inflation nationwide. https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=100&year1=200712&year2=20181...
by Watty
Wed Jan 16, 2019 10:27 pm
Forum: Personal Consumer Issues
Topic: House Dillema
Replies: 12
Views: 1118

Re: House Dillema

Sorry for the confusion, we paid 200 or so for it, now valued at 315 due to up market, so I am adding the 225 plus 200 would be all in at like 425ish for something we had a say in vs something in the 500s that most likely will need updates. What you paid for it really does not matter, the end resul...
by Watty
Wed Jan 16, 2019 10:08 pm
Forum: Personal Consumer Issues
Topic: House Dillema
Replies: 12
Views: 1118

Re: House Dillema

...realtor thinks would list today for around 315 ish, as it has plenty of wear. After talking to a couple design build places, for around 225k we could do an addition and remodel (want to add a main floor master and kitchen is beyond ready for update), which would also be appropriate in value for ...
by Watty
Wed Jan 16, 2019 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: How much house can I afford (really)?
Replies: 88
Views: 4464

Re: How much house can I afford (really)?

Balance Sheet Cash ~$175k 401k - $400k 529s - $40k Home Equity: $190k Cars are paid off -- no debt other than mortgage Income Me: $195k base + $65k bonus (Total $260k) Wife: $35k A big red flag to me is that from what you have said you have an income of around $300K but your net worth is only about...
by Watty
Wed Jan 16, 2019 10:43 am
Forum: Investing - Theory, News & General
Topic: Sell an undiversified investment with unrealized capital gains?
Replies: 11
Views: 395

Re: Sell an undiversified investment with unrealized capital gains?

A couple of things that have not been mentioned; 1) If you can structure your income so that you are in the 15% tax bracket then the federal long term capital gains tax rate would be zero. You state may tax that differently. 2) Your long term capital gains tax rate is likely a lot lower than your ta...
by Watty
Wed Jan 16, 2019 8:44 am
Forum: Investing - Theory, News & General
Topic: When would you stop being a Boglehead?
Replies: 73
Views: 4895

Re: When would you stop being a Boglehead?

Pretty much everyone here (myself included) is convinced about the low-cost, do-it-yourself investing philosophy. But I’m curious: at which point would you start considering to delegate the management of your portfolio to firms like Merrill Lynch and Morgan Stanley? $10M? $50M? Literally never? You...
by Watty
Wed Jan 16, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Furloughed Fed Employee - How to make best use of time
Replies: 55
Views: 4917

Re: Furloughed Fed Employee - How to make best use of time

I am a fed contractor and while waiting to return to work, I'm trying to do home projects that I would normally have to do on the weekends - cleaning out, donating, painting, putting up curtain rods, that kind of thing. I'm poor, but my house looks fabulous! +1 A few more suggestions; Organize any ...
by Watty
Wed Jan 16, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Boost Emergency Fund or Pay Down Debt?
Replies: 13
Views: 795

Re: Boost Emergency Fund or Pay Down Debt?

I would build up the emergency fund. Part of being a contractor is that you may have irregular income so you need a larger than typical emergency fund even in normal times. It will take a while but building up a years expenses in your emergency fund would make sense because if there are major govern...
by Watty
Wed Jan 16, 2019 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Best way to use inheretence to fund GC education
Replies: 12
Views: 741

Re: Best way to use inheretence to fund GC education

My grandson is 18 months old It's possible that there may be more grandchildren down the road. You may want to hold some funds in reserve for that contingency (as opposed to investing it all in a UTMA account for first grandson). Some people end up with 6 ro 12 grandchildren or more. Something to t...
by Watty
Wed Jan 16, 2019 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Best way to use inheretence to fund GC education
Replies: 12
Views: 741

Re: Best way to use inheretence to fund GC education

My grandson is 18 months old It's possible that there may be more grandchildren down the road. You may want to hold some funds in reserve for that contingency (as opposed to investing it all in a UTMA account for first grandson). Some people end up with 6 ro 12 grandchildren or more. Something to t...
by Watty
Wed Jan 16, 2019 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Question about co-signing mortgage beyond just mortgage liability
Replies: 13
Views: 815

Re: Question about co-signing mortgage beyond just mortgage liability

My mother is considering co-signing for a mortgage refinance with my sister. Because of my sister's current situation with limited income, my mother would basically be on the title and co-owner. Co-signing a loan is much different that being a co-owner. If she is a co-owner then your mom could be l...
by Watty
Tue Jan 15, 2019 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for modest early retirement in 5yrs. Questions & Feedback.
Replies: 36
Views: 2344

Re: Preparing for modest early retirement in 5yrs. Questions & Feedback.

Questions: -How to fund retirement from 52 to 59.5? Two 457s with 100k and two roth IRAs with 60k? If you can get your mortage paid off a few years early that would reduce your expenses some during those years. I would not use a Roth during those years for anything unless you got above the 12% fede...
by Watty
Tue Jan 15, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6483

Re: A co-worker makes more than me

I saw my co-worker's pay stub while working on a project, he accidentally opened it. Did you see his gross pay, or just the net amount of the paycheck? If you did not see his gross pay then part of the difference could be that you have different payroll withholding. You also have to be careful sinc...
by Watty
Tue Jan 15, 2019 6:14 pm
Forum: Personal Consumer Issues
Topic: School staff threatened to call social worker
Replies: 54
Views: 2712

Re: School staff threatened to call social worker

Go when school is not in session. +1 In addition to the summer there are also a lot of other school breaks in most school calendars. The school really does not have any way to judge how responsible you are and they have to deal with way too many parents that have multiple problems and are not talki...
by Watty
Tue Jan 15, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pick a retirement date. Or enough is enough?
Replies: 33
Views: 3987

Re: Help me pick a retirement date. Or enough is enough?

Several have asked about the pension. It is a pretty normal structure of years of service x a percentage factor/year x avg of the highest five year earnings with a reduction multiplier for retiring before 62. At 60, the reduction is 15%, at 61, it is 10% so it is a fairly significant hit to go earl...
by Watty
Tue Jan 15, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Change my mind - Lease > Buy New Car
Replies: 23
Views: 1928

Re: Change my mind - Lease > Buy New Car

They aren't giving you a better discount off MSRP because they think they can get you to lease +1000 There is a long ongoing thread about how to buy a car by getting bids over the internet. https://www.bogleheads.org/forum/viewtopic.php?f=11&t=124638 Here is a post I did about my new car buying exp...
by Watty
Tue Jan 15, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing Social Security Benefits
Replies: 11
Views: 1287

Re: Maximizing Social Security Benefits

Anything else they should consider? If either of them were previously married and widowed, or divorced after ten years of marriage then their prior spouse's Social Security benefit would come into play. My father was married 10+ years and has been divorced from my living mother (60 years old) for 1...
by Watty
Tue Jan 15, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5161

Re: Took on too much mortgage, seeking advice on where to put money going forward

condobaker431 wrote:
Tue Jan 15, 2019 10:21 am
For the car I bought a used 2015 Honda Accord 7 months ago with 40k miles on it for 19k. I pay $267 monthly for the loan of 14k @ 2.5%. Quick check on Autotrader I could probably get ~17k for it now.
That is a reasonable choice so I would not do anything with that.
by Watty
Tue Jan 15, 2019 10:38 am
Forum: Personal Consumer Issues
Topic: Taking expensive DSLR on kayak?
Replies: 41
Views: 2037

Re: Taking expensive DSLR on kayak?

I like the advice to understand ISO limitations. But 1600 is maybe very conservative for Keepcalm's full frame camera. My bridge camera with a 1" sensor can go to 1600 (unless I wanted to display truly large). My APS-C Nikon d7500 can probably go to 6400 before I get too sad. I agree. It is much le...
by Watty
Tue Jan 15, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Took on too much mortgage, seeking advice on where to put money going forward
Replies: 46
Views: 5161

Re: Took on too much mortgage, seeking advice on where to put money going forward

IT professional......and job is very secure I retired out of IT. Don't kid yourself, no IT job is really secure since even if you are doing a good job there can be reorganizations, outsourcing, or projects can be canceled or changed and your position could be eliminated. If you are in a corporate I...
by Watty
Tue Jan 15, 2019 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 160
Views: 8073

Re: Getting a Mortgage when You can Pay Cash for a House

If you are in a high tax bracket, the 4% mortgage rate you are paying is really 2.5%. Chances are, you could earn a higher rate of return on the cash by investing in a tax efficient balanced fund over 5-6 years. Investing and getting a higher return is harder than it sounds because you have sequenc...
by Watty
Tue Jan 15, 2019 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Help with Simple Real Estate Transaction
Replies: 9
Views: 685

Re: Help with Simple Real Estate Transaction

In addition to transferring the title there may be other forms that need to be filled out like disclosure forms about if there have ever been fuel oil tanks on the property. It really varies from state to state. In some states you can just have a title insurance company process the transfer for a mo...
by Watty
Tue Jan 15, 2019 12:34 am
Forum: Personal Consumer Issues
Topic: Bogleheads-type forum for Genealogy Research?
Replies: 11
Views: 890

Re: Bogleheads-type forum for Genealogy Research?

The LDS church has family history centers that you can go to if there is one near you. https://www.familysearch.org/locations/ I have gone to one near me several times and they have been helpful even though I am not Mormon and that has not even come up. I have also been very happy with the RootsMagi...
by Watty
Mon Jan 14, 2019 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Maximizing Social Security Benefits
Replies: 11
Views: 1287

Re: Maximizing Social Security Benefits

Anything else they should consider? If either of them were previously married and widowed, or divorced after ten years of marriage then their prior spouse's Social Security benefit would come into play. If they get married and she outlives him then she may get a larger benefit amount for the rest o...
by Watty
Mon Jan 14, 2019 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: I'm the noobiest noob
Replies: 16
Views: 1373

Re: I'm the noobiest noob

I know I'm probably so far behind everyone here ..... Not even close. There are a lot of high income people that post here but there are also lots of people that are up to their eyeballs in debt (with or without a high income) and have a very negative net worth. From what you have said you have a h...
by Watty
Mon Jan 14, 2019 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pick a retirement date. Or enough is enough?
Replies: 33
Views: 3987

Re: Help me pick a retirement date. Or enough is enough?

Delaying would increase my pension and social security by about $2200/yr of delay and would require less withdrawals early on but it seems like I have "enough" regardless of date. For Social Security at least you can delay starting it up until you are 70 regardless of when you retire. Social Securi...
by Watty
Mon Jan 14, 2019 8:05 pm
Forum: Personal Consumer Issues
Topic: Taking expensive DSLR on kayak?
Replies: 41
Views: 2037

Re: Taking expensive DSLR on kayak?

Handheld..next time might try a monopod. Any feedback on a monopod and its usefulness vs handheld would be great! It has 3 stages of IS and its going to be a learning curve in itself using this lens. They may be most useful for something like shooting a sports event where you will be standing in on...
by Watty
Mon Jan 14, 2019 6:23 pm
Forum: Personal Consumer Issues
Topic: Taking expensive DSLR on kayak?
Replies: 41
Views: 2037

Re: Taking expensive DSLR on kayak?

I might also consider leashing it to the kayak or a float while out of the bag. If I go in, the camera might not survive, but the memory cards almost certainly will. That could be a tricky choice. A lost camera might be covered by insurance but a ruined wet camera might not be covered by insurance.
by Watty
Mon Jan 14, 2019 6:12 pm
Forum: Personal Consumer Issues
Topic: Avoiding Dealership for Replacement Honda Pilot Key
Replies: 6
Views: 778

Re: Avoiding Dealership for Replacement Honda Pilot Key

Bit the bullet and get a replacement key. If you lose all the keys on some cars that can be even a lot more expensive. Get several since it should not cost a lot more than just getting one made. It was a Honda Fit but I ended up buying two replacement keys on that were the Honda Brand, not knockoffs...
by Watty
Mon Jan 14, 2019 6:00 pm
Forum: Personal Consumer Issues
Topic: Winter Getaway adventure trip recommendations
Replies: 13
Views: 750

Re: Winter Getaway adventure trip recommendations

I'm considering going some place with warm weather (60s+) in February within the continental US. Even in the few places that have average highs in the 60s in February can have colder than average temperatures. North Florida even get a dusting of snow once every 10 or 20 years. Southern California w...
by Watty
Mon Jan 14, 2019 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: To buy new home or not
Replies: 17
Views: 1149

Re: To buy new home or not

What we think about is when we want to have my boss over for dinner or something. The industry I work in has a bit of a reputation of sucking up to your bosses and maintaining certain unwritten codes such as an appearance of "being successful". I know, it sounds strange just typing that out! Your b...
by Watty
Mon Jan 14, 2019 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: To buy new home or not
Replies: 17
Views: 1149

Re: To buy new home or not

One more thought. One the point about about having the set of parents move in some day. If that is not a cultural thing for you or a financial necessity for them you might want to discount that possibility. A big problem is the typical suburban home can be very socially isolating for older people es...
by Watty
Mon Jan 14, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: To buy new home or not
Replies: 17
Views: 1149

Re: To buy new home or not

You can afford it so it is a lifestyle choice so there is no way to judge that. A few comments; 1) One advantage of a new subdivision is that there is often a "first owners" effect where the original owners tend to bond since they tend to be the same stage in life and tend to be looking for new frie...
by Watty
Mon Jan 14, 2019 12:50 pm
Forum: Personal Consumer Issues
Topic: 2019 Camry vs RAV4
Replies: 20
Views: 1666

Re: 2019 Camry vs RAV4

Truecar.com is a good place to get an idea of transaction prices. You can do better than the prices shown (these are averages after all), but it gives you a ballpark starting point. They sort of hide it but on Truecar.com when they show you the price graph you can click on the link that says "What ...
by Watty
Mon Jan 14, 2019 12:36 pm
Forum: Investing - Theory, News & General
Topic: U.S. economy could slip from top spot in 2020 and keep slipping
Replies: 25
Views: 1838

Re: U.S. economy could slip from top spot in 2020 and keep slipping

“It's tough to make predictions, especially about the future.” Yogi Berra America’s days as the world’s most powerful economy are numbered, and when that torch is finally passed, it’ll be tough to get back, according to a recent report. In our call of the day, Standard Chartered predicts that China’...
by Watty
Mon Jan 14, 2019 6:40 am
Forum: Personal Consumer Issues
Topic: Best way to heat basement?
Replies: 19
Views: 1981

Re: Best way to heat basement?

... basement is usually occupied and we must leave the door closed to keep pets out. Using child gates might be an option. I installed a gas fireplace when I finished the basement. It would have been better to have planned on how to heat the basement before you finished it since you would have had ...
by Watty
Sun Jan 13, 2019 11:56 pm
Forum: Personal Consumer Issues
Topic: Hawaii vacation, any recommendations?
Replies: 30
Views: 2519

Re: Hawaii vacation, any recommendations?

Hawaii vacation, any recommendations? Try to squeeze in more than 7 days. Even if you are on the west coast it is a long flight there so it makes sense to stay longer if you can. If you are not on the west coast and can only take 7 days I would consider going to Mexico instead. From much of the US ...
by Watty
Sun Jan 13, 2019 11:44 pm
Forum: Personal Consumer Issues
Topic: Tips for online photography course?
Replies: 27
Views: 1075

Re: Tips for online photography course?

Check your public library. Mine has a lot of online classes that you can sign up for free through the library. This includes a number of photography classes.
by Watty
Sun Jan 13, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house for college student housing??
Replies: 2
Views: 450

Re: Buying a house for college student housing??

I would not do that unless you would buy the house even if your daughter was not going to live there. A couple of reasons; 1) I know someone that had two kids in the same college so they bought a two bedroom condo. The next semester one of them changed majors that was only offered at a different cam...
by Watty
Sun Jan 13, 2019 6:49 pm
Forum: Personal Consumer Issues
Topic: Taking expensive DSLR on kayak?
Replies: 41
Views: 2037

Re: Taking expensive DSLR on kayak?

Should be a lot of gators on the banks. I don't think that they will just be on the banks. If you fall in the water you may have more to be concerned about than your camera. :D Would you bring it...and for river photos in a kayak could I get away with a 24-70 or should I really take the 100-400? No...
by Watty
Sun Jan 13, 2019 5:01 pm
Forum: Personal Consumer Issues
Topic: How do I stop jeans from ripping in the thighs?
Replies: 70
Views: 4222

Re: How do I stop jeans from ripping in the thighs?

I've read several articles about how with the population growth and a quickly growing middle class in developing countries that there is a cotton shortage. This means that manufactures are often using lower grades of cotton to cut costs. You might try several different brands to see if you can find ...
by Watty
Sun Jan 13, 2019 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Company relocating and not interested - next steps ?
Replies: 48
Views: 3674

Re: Company relocating and not interested - next steps ?

My company definitely does not value it’s staff at all, no we are not given anything but minimal moving expenses. I dont believe their comments about severance either. I would put the local job hunt into high gear. Once you have an offer you can decide what to do. I have been reluctant to do this d...
by Watty
Sun Jan 13, 2019 10:14 am
Forum: Personal Consumer Issues
Topic: 15 full days in Costa Rica
Replies: 25
Views: 1828

Re: 15 full days in Costa Rica

If you have not bought your tickets it might make sense to fly into San Jose and return from Liberia or vise versa. I had a great time there but be sure to read what scams are common there, like the flat tire scam, and how to avoid them. Even if you go with a brand name rental car company be extra c...
by Watty
Sun Jan 13, 2019 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Recently retired - Portfolio/plan review
Replies: 5
Views: 877

Re: Recently retired - Portfolio/plan review

3. Cash - consensus is probably too much but I have about $25K in anticipated home repairs/improvements coming up, elderly parents w limited resources, and an adult child w big $$$ chronic medical condition so I like to stay liquid not knowing when a sudden issue will arise. Having said that, my pl...
by Watty
Sun Jan 13, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Unique One: Mom's Retirement Life Insurance
Replies: 8
Views: 924

Re: Unique One: Mom's Retirement Life Insurance

Are there any other options to consider? I don't know much about them and it could be a terrible option but there are companies that will buy annuities and future income streams(like from a lawsuit settlement) for a lump sum. I would suspect that the amount they pay is pretty bad and would not make...