Search found 14069 matches

by Watty
Fri Oct 19, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: Replace roof or wait .... and
Replies: 14
Views: 768

Re: Replace roof or wait .... and

It really depends on what you local housing market is like but if you have a 40 year old roof it will be hard to sell your house even if you can fix it up enough to pass a home inspection. It would be good to ask some local real estate agents what makes sense in your local market. It has been almost...
by Watty
Thu Oct 18, 2018 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Final Decision - Housing
Replies: 20
Views: 924

Re: Final Decision - Housing

MindTheGAAP wrote:
Thu Oct 18, 2018 11:33 pm
That pushed my earnings up significantly but was a result of higher risk.
If your job is still risky then I would be cautious, I doubt that you have worked during a recession.
by Watty
Thu Oct 18, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Instant Issue Debit Card
Replies: 10
Views: 578

Re: Instant Issue Debit Card

My solution is to not use debit cards at all. I use credit cards for everything I can. If there is an error or fraud, I don't want the money to come out of my account and then I have to try to get it back. If there is a problem with the credit card, the bank just issues a new one. Furthermore, if t...
by Watty
Thu Oct 18, 2018 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Final Decision - Housing
Replies: 20
Views: 924

Re: Final Decision - Housing

It would actually be closer to $5k/mo but your point is still effectively the same in that we have sufficient coming in as long as we’re comfortable with the inherent risk of a higher hurdle? Pretty much. That would be $60K a year so it is only 20% of your gross income which should be doable but it...
by Watty
Thu Oct 18, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Final Decision - Housing
Replies: 20
Views: 924

Re: Final Decision - Housing

Purchase house - final offer from builder of home: $784k. .... Current income: $300k/annually It sounds like the house would have maybe a $4,000 a month mortage payment with taxes and insurance and a $600K mortage. That is $48K out of your income. As long as your job is secure and you can get a new...
by Watty
Thu Oct 18, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Instant Issue Debit Card
Replies: 10
Views: 578

Re: Instant Issue Debit Card

I'm interested in alternative solutions to protect against this scenario. When I have called to cancel a compromised credit card they sometimes ask if I need it sent overnight. I never have asked for that but at least once I received it overnight without asking. If she can get in touch with you the...
by Watty
Thu Oct 18, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Should we downgrade our house?
Replies: 38
Views: 2502

Re: Should we downgrade our house?

I was about to point you at a fairly long prior thread about picking out an area to live in Atlanta then I noticed that was your thread too. https://www.bogleheads.org/forum/viewtopic.php?f=11&t=260150&p=4142428 So I guess the question is: Is it smarter to save just enough and feel a little financia...
by Watty
Thu Oct 18, 2018 7:29 pm
Forum: Investing - Theory, News & General
Topic: So...what’s Plan B [for your retirement security]?
Replies: 20
Views: 1993

Re: So...what’s Plan B [for your retirement security]?

Now, most Bogleheads won't want to get anywhere near this Plan B, but living mostly on SS (with some handouts) can be done in my LCOL area. A lot of lower income people don't get a lot of Social Security and the average is about $1,400. With a much better than average Social Security check of aroun...
by Watty
Thu Oct 18, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Health Care Options for 26 year old
Replies: 36
Views: 1493

Re: Health Care Options for 26 year old

1.If she leaves mid-month will her current coverage last until the end of that month or possibly longer? . It varies by employer but something to check on is if she could save up vacation time and take that starting in mid-May and possibly make her official last day be in June. Some teachers also w...
by Watty
Thu Oct 18, 2018 5:53 pm
Forum: Personal Consumer Issues
Topic: Tip Furniture Delivery?
Replies: 12
Views: 1023

Re: Tip Furniture Delivery?

Tipping seems to vary a lot by region and seems to be more common in the Northeast.

In the places where have lived I would not tip unless they were doing something unusual like they were taking heavy furniture up to the third floor or assembling something that took several hours.
by Watty
Thu Oct 18, 2018 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: What the heck to do with $2M windfall
Replies: 22
Views: 3588

Re: What the heck to do with $2M windfall

There is a wiki on managing a windfall if you have not seen that. It is highly recommended to just put it someplace ultra safe for at least six months while you get used to having the money and come up with a long term plan. https://www.bogleheads.org/wiki/Managing_a_windfall A few things to do thou...
by Watty
Thu Oct 18, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Approach to rescinding a job acceptance
Replies: 49
Views: 3417

Re: Approach to rescinding a job acceptance

I have seen the situation where a recent college graduate took a job they committed to out of a sense of obligation even though they got a much better job offer. They were of course not happy in that job and were not very good at it and they ended up leaving within about 18 months and most of that t...
by Watty
Thu Oct 18, 2018 8:29 am
Forum: Investing - Theory, News & General
Topic: Too Much APPL Stock
Replies: 22
Views: 2134

Re: Too Much APPL Stock

Duffydog1 wrote:
Thu Oct 18, 2018 8:19 am
It is held in taxable and nontaxable accounts so i have to be careful about the taxable accounts.
Selling it in the nontaxable accounts is an easy choice. Putting the money from the sale into something like a total stock market index fund could make sense.
by Watty
Thu Oct 18, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 49
Views: 4120

Re: Spoke with a CFP...underwhelming!

I am interested in working with an extremely wealthy financial advisor who has invested according to his own advice for many years and can provide me adequate documentation he has done so. You might want to read the classic book "Where are the Customers Yachts?" before you hire a wealthy financial ...
by Watty
Wed Oct 17, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: your favorite ereader?
Replies: 28
Views: 1201

Re: your favorite ereader?

I have had a Kindle Keyboard for over 8 years now. This Kindle is so rugged that it may never die. When it does, I'll likely purchase a Kindle Paperwhite like the one I got for my wife. I still use one of those too. It is great because of the buttons on the side to turn the pages. I also picked up ...
by Watty
Wed Oct 17, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: Too Much APPL Stock
Replies: 22
Views: 2134

Re: Too Much APPL Stock

Sorry I meant 12%. One thing to consider is that you likely also own mutual funds that also own apple stock so you may have even more exposure to Apple than that. For example an S&P 500 fund is about 4% Apple stock. If this is in a retirement account then it can be sold without tax consequences so ...
by Watty
Wed Oct 17, 2018 7:26 pm
Forum: Personal Consumer Issues
Topic: Thinking of buying a brand new Toyota 4Runner TRD
Replies: 11
Views: 1173

Re: Thinking of buying a brand new Toyota 4Runner TRD

There has been a heavy discussion about purchasing a new vehicle and how to get the best price in this post. After clicking link, scroll down about 9 posts to where poster denovo starts posting and he revives an old posting of his. https://www.bogleheads.org/forum/viewtopic.php?f=11&t=124638&start=...
by Watty
Wed Oct 17, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: Maserati Experiences
Replies: 46
Views: 4756

Re: Maserati Experiences

What are Bogleheads collective experiences with Maserati cars? I was once next to one for about 15 minutes Atlanta stop and go traffic when I was driving my old Honda Fit. Every minute or so we would go forward a few car lengths. I revved my engine like I wanted to race him. He very purposely ignor...
by Watty
Wed Oct 17, 2018 5:34 pm
Forum: Personal Consumer Issues
Topic: unlicensed repair guy possibly spent our material deposit
Replies: 25
Views: 2679

Re: unlicensed repair guy possibly spent our material deposit

Was the labor over $2,000?

If so then one option would be to buy the material yourself and then have him install it and only pay him the balance due.

If he flakes out then you can have someone else install the flooring.
by Watty
Wed Oct 17, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: To replace old Volvo
Replies: 35
Views: 1284

Re: To replace old Volvo

What do you recommend as a safe replacement? .... I should add: I don't buy new cars, only used - preferably one-owner used & certified. There are two problems with this; 1) Most of the better cars don't depreciate fast enough to make buying a used car that is less than about five years old a bette...
by Watty
Wed Oct 17, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: Sister buying house FIL want to give money for downpayment
Replies: 10
Views: 1563

Re: Sister buying house FIL want to give money for downpayment

Some of the details will vary depending on their state law. It would be good to ask a lawyer how to handle this and they will likely be using a real estate lawyer somewhere in the home buying process.
by Watty
Wed Oct 17, 2018 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: 30 y/o Boglehead student, advice for 65 year old Retiring Father
Replies: 30
Views: 2796

Re: 30 y/o Boglehead student, advice for 65 year old Retiring Father

You really need to crunch the numbers and not go by intuition since the numbers can work out a lot of different ways depending on their age difference, earnings history, and taxes. Probably I should have something like "understanding" instead of intuition. But I still take your point about doing th...
by Watty
Wed Oct 17, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: advice on first home
Replies: 28
Views: 1554

Re: advice on first home

My credit score is about 740 but interest rate would be about 5.5% or more b/c I don't have enough to put down. A quick Google search indicates that to get the best mortgage rate you need a credit score of 760 so that may be part of the reason that you are not seeing a good rate. It would be good t...
by Watty
Wed Oct 17, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: 30 y/o Boglehead student, advice for 65 year old Retiring Father
Replies: 30
Views: 2796

Re: 30 y/o Boglehead student, advice for 65 year old Retiring Father

Hopefully I can pick your brain - or anyone else's - one last time. What are your intuitions on delaying SS until 70 and withdrawing more from 401k to makeup the difference from 65-70? Both my parents are in excellent health, and long history lifespans in both families. What did the link in my firs...
by Watty
Wed Oct 17, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Cross-country trip via Amtrak
Replies: 39
Views: 2894

Re: Cross-country trip via Amtrak

looks like the cost for a round-trip For a long trip like that I would look at taking the train one way then flying in the other direction. I looked into this a while back but I never did it. One thing to watch out for is that the train may go through some of the most scenic areas like Glacier Nati...
by Watty
Wed Oct 17, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Reasonable cost for a forever home?
Replies: 25
Views: 2804

Re: Reasonable cost for a forever home?

One more thing to consider. Since you are 33 you could be in your forever home 60+ years. If you buy a 50 year home then by the time you are in your 90's the house could be over 100 years old. Even if you keep your house well maintained other houses in that neighborhood could be well past their prim...
by Watty
Wed Oct 17, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Reasonable cost for a forever home?
Replies: 25
Views: 2804

Re: Reasonable cost for a forever home?

The question is - how much is a reasonable amount to spend on a home based on the above numbers/savings/income? We plan to have a kid or two and have a puppy. We wont be expanding our cost of living. Our kid will be going to public school. You are asking the wrong question. For you the cost is not ...
by Watty
Wed Oct 17, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: "Retirement age uncertainty increases the savings needed for success"
Replies: 46
Views: 4080

Re: "Retirement age uncertainty increases the savings needed for success"

I worked in IT (software dev, database & analysis) for 38 years until I got laid off this summer at just under age 60. My plan would have been to retire at age 67. However, at my main 4 companies in that 38 years I only saw one person survive long enough to have an option to retire. He was offered ...
by Watty
Wed Oct 17, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 71
Views: 5931

Re: Did you retire because you hit your number?

My "number" has always been a little be vague since it varied from being enough for a frugal lifestyle to probably enough to live like I wanted to certainly enough to live like I wanted and then some. One of the key things in timing my retirement was that it was a month after my wife reached 63.5 an...
by Watty
Tue Oct 16, 2018 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do with unexpected tax refund?
Replies: 25
Views: 1262

Re: What would you do with unexpected tax return?

Option 2: Take the 26k and pay down my mortgage. We currently pay PMI insurance to the tune of $255 a month and will be for the next 7 years. By putting the 26k toward the mortgage, and with the home appreciation we've had, I should be able to get the $255/month removed. If that is a 4% mortage the...
by Watty
Tue Oct 16, 2018 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: 30 y/o Boglehead student, advice for 65 year old Retiring Father
Replies: 30
Views: 2796

Re: 30 y/o Boglehead student, advice for 65 year old Retiring Father

Sorry, I wasn't quite clear on my numbers. My mom (retiring in 3 years) and dad (retiring now) will each have about 400k, so 800k in total. This thread is technically for my father as he is retiring first, but in principle I see no reason they shouldn't both follow similar investing strategies. I t...
by Watty
Tue Oct 16, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Why buy thicker hardwood?
Replies: 16
Views: 2145

Re: Why buy thicker hardwood?

I can't for the life of me figure out why you would spend 1.5-3x more for double the thickness. You are only looking at part of the cost of putting the floor in. There will also be a lot of costs to tear out any old flooring, prepare the floor for installation, and install the wood floor. I would t...
by Watty
Tue Oct 16, 2018 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Transferring $1.2 Mil taxable to Vanguard
Replies: 10
Views: 1503

Re: Transferring $1.2 Mil taxable to Vanguard

Many mutual funds pay dividends and capital gains distributions in December. Whatever you decide you may want to set your accounts up so that these are not automatically reinvested if you have not sold them all by then. Make sure you have cost basis information for all your investments before you do...
by Watty
Tue Oct 16, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: how to buy parents a house in Florida (with cash)
Replies: 8
Views: 1257

Re: how to buy parents a house in Florida (with cash)

Are there any advantages to trusts or deeds in this situation? Some that come to mind is that you could die before them, get divorced, or sued and then the house would be up for grabs if it was in your name. I don't know if it would work this way but if it was in a trust you might even be able to i...
by Watty
Tue Oct 16, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: 30 y/o Boglehead student, advice for 65 year old Retiring Father
Replies: 30
Views: 2796

Re: 30 y/o Boglehead student, advice for 65 year old Retiring Father

The main reasons not to use a target date retirement fund are; 1) You don't have a good low cost one in a 401k 2) You have a lot of money in taxable accounts so you are worried about tax efficiency. Neither of these sounds like an issue for them if they roll the money into an IRA. People sometimes t...
by Watty
Tue Oct 16, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 77
Views: 4075

Re: Personal Adventure - recommendations

Some other shorter things that I have mostly not done. Some of these you might want to put on your list for when you are older. 1) Long bike trails, there are "rails to trails" where they have converted a railroad line to be a bike/hike trail. Here is an example. https://bikekatytrail.com/ 2) There ...
by Watty
Tue Oct 16, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Sell & Buy New Home Now vs. Next Spring
Replies: 25
Views: 1032

Re: Sell & Buy New Home Now vs. Next Spring

A .25% rate hike will be about $42 more for the type of home we're looking at, and a .5% hike will be about $84. Is the market expecting one or more rate hikes prior to May 2019? Any thoughts on this matter. You can usually pay extra "points" to when you get your mortgage to get a rate that is .25%...
by Watty
Tue Oct 16, 2018 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Pay CGs now to move into Index, or hold?
Replies: 8
Views: 530

Re: Pay CGs now to move into Index, or hold?

There are lots of details about your tax rates and surcharges that could be important but if the old funds are OK except for the expense ratio then they would have to be pretty high to make paying the capital gains tax now worthwhile just to get a lower expense ration. The problem is that if you pay...
by Watty
Tue Oct 16, 2018 11:23 am
Forum: Personal Consumer Issues
Topic: Zion Nat'l Park & mosquitos in October?
Replies: 17
Views: 1365

Re: Zion Nat'l Park & mosquitos in October?

I would call the park and ask since it could vary from year to year and with where you will be in the park.

I don't know about Zion but I have been places where flies were more of a problem than mosquitoes so you might ask about bugs in general.
by Watty
Tue Oct 16, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: Corporate politics/culture
Replies: 43
Views: 3759

Re: Corporate politics/culture

Executives also lie. During a huge downturn in our industry, an Executive VP made the rounds saying that unlike our competitors who are dropping shifts and shutting down fabs, we're going to keep going, making high runners and commodities so that when the economy turns around, we'll have die that c...
by Watty
Tue Oct 16, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5800

Re: When to stop putting money into an older vehicle

Thumb rule I use (no idea where I got it): If I think $1,000 buys me 10,000 miles before the next significant repair (exclude the usual consumables), it is worth it. I don't care about the car's trade-in value. The only question I ask of an older vehicle is "how far will it get me before I haul it ...
by Watty
Tue Oct 16, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 34
Views: 2406

Re: Inflating AGI to avoid paying back ACA subsidies

How about a roth conversion? +1 If you have any capital gains in taxable accounts then taking them might be an option too. Cashing things like savings bonds might also increase your taxable income. With more than two months left in the year getting a part time job might give you enough additional i...
by Watty
Tue Oct 16, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Attempted fraud against my frozen credit - Need I do more?
Replies: 9
Views: 1640

Re: Attempted fraud against my frozen credit - Need I do more?

What is odd about this is that they sent this to your home address and at some other address was not used. I would be concerned about if the fraudster was planning on stealing the new credit card from your mailbox. If you don't have a locking mailbox already you might want to get one. If you are in ...
by Watty
Tue Oct 16, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Corporate politics/culture
Replies: 43
Views: 3759

Re: Corporate politics/culture

the new ceo is a guy from a good wall street firm. Unless your company is a somewhat similar wall street firm(even if not on wall street) then you have to wonder why they hired someone from a wall street firm. The reason could be that he was hired to extract value from the company then sell off the...
by Watty
Tue Oct 16, 2018 6:03 am
Forum: Investing - Help with Personal Investments
Topic: On investing [non-US resident] Dad's money
Replies: 11
Views: 800

Re: On investing [non-US resident] Dad's money

You should really get professional tax advice since non-resident alien taxes can be very complicated and the details can vary depending on which country he is in because of different tax treaties with different countries. Moving money to your accounts to avoid taxes could be tax fraud in some cases....
by Watty
Mon Oct 15, 2018 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation to California
Replies: 49
Views: 4107

Re: Relocation to California

One thing to look into is how California taxes long term capital gains. As I recall they tax it like ordinary income(more or less). You might want to take any capital gains before the end of the year even if you rebuy the same investments right after you realize the capital gains.
by Watty
Mon Oct 15, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5800

Re: When to stop putting money into an older vehicle

Does anybody have reliable information that really quantifies how much safer newer cars are compared to older cars? I hear newer vehicles are safer and believe it, but how much safer are they? For example we have a 2000 Honda Civic. How would you quantify how much safer a 2019 Civic is compared to ...
by Watty
Mon Oct 15, 2018 12:34 pm
Forum: Personal Consumer Issues
Topic: Boglehead's Car Talk
Replies: 35
Views: 3278

Re: Boglehead's Car Talk

If I'm getting a smaller car, any other cars that have the features that Subaru Eyesight does. Toyota added a lot of safety features as standard equipment in 2018 or 2017. I have not been following it but they may have added some more for 2019 models. Some other brands have many of the safety featu...
by Watty
Mon Oct 15, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend lost job, getting a lump sum severance... What should we do next
Replies: 36
Views: 3033

Re: Girlfriend lost job, getting a lump sum severance... What should we do next

Maybe you should move the wedding up, so she can go on your health insurance... +1 She could also officially move in with you and find someone to take over her lease. It would be good to also look at your taxes to see if being married would save you taxes. One problem will be that when she finds he...
by Watty
Mon Oct 15, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: When to stop putting money into an older vehicle
Replies: 88
Views: 5800

Re: When to stop putting money into an older vehicle

I almost bought a 2008 Honda CRV for $7000. ..... What's your criteria on when you stop fixing a car and buy another one? I would have been the guy selling you the 11 year old CRV for $7,000 even if there was nothing wrong with it. My general plan is buy new cars that don't depreciate quickly and h...