Search found 14866 matches

by Watty
Sun Jan 20, 2019 12:56 am
Forum: Investing - Theory, News & General
Topic: A Roth In Plan conversion is now available to me.
Replies: 3
Views: 286

Re: A Roth In Plan conversion is now available to me.

A couple of things to consider; 1) Many states do not tax Social Security so your state tax bracket may be lower in retirement. 2) It sounded like you might eventually get married. If you do then you will be filing in the joint tax brackets which might be lower, but you would have higher combined in...
by Watty
Sun Jan 20, 2019 12:27 am
Forum: Personal Consumer Issues
Topic: Is California worth the premium?
Replies: 76
Views: 3316

Re: Is California worth the premium?

Is California worth the premium? You have to remember 99% of California is not a beach, a funky San Francisco neighborhood, or Santa Barbara. When you are asking "Is it worth it?" you are asking an entirely different question when you are talking about if having an hour commute past strip malls in ...
by Watty
Sat Jan 19, 2019 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: Good plan for a young man?
Replies: 9
Views: 583

Re: Good plan for a young man?

That is great for getting started on your retirement.

At 25 you should also be building up an emergency fund so that some unexpected large expense causes you problems or get your into credit card debt.
by Watty
Sat Jan 19, 2019 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: 401k - withdraw all at once? check my math
Replies: 11
Views: 580

Re: 401k - withdraw all at once? check my math

If she has already started Social Security the way that is taxes is complicated and could result in a much higher than expected tax bill. You also need to consider her state taxes. https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits It would be good to do a dummy tax return to see t...
by Watty
Sat Jan 19, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: Used electric car - a good deal?
Replies: 28
Views: 1392

Re: Used electric car - a good deal?

One thing to consider is the the Leaf has a poor rating for the small overlap crash test. https://www.iihs.org/iihs/ratings/vehicle/v/nissan/leaf-4-door-hatchback/2017 An older leaf may also not have a lot of the advanced safety features that a lot of new cars have. It is hard to put a dollar value ...
by Watty
Sat Jan 19, 2019 4:13 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 76
Views: 2746

Re: What is a Boglehead funeral/burial?

Our local zoning allows for “family burial plots” on parcels 10 acres or more. I told my wife that I want to be buried in the backyard as cheap as possible, which is surprisingly legal. Take that funeral industry! That would also be a complication when the land is eventually sold. There may also be...
by Watty
Sat Jan 19, 2019 3:50 pm
Forum: Personal Consumer Issues
Topic: What is a Boglehead funeral/burial?
Replies: 76
Views: 2746

Re: What is a Boglehead funeral/burial?

How might we apply the "Boglehead" philosophy to our funeral and burial plans/expenses? About the time they made their funeral prearrangements there was a big deal in the local newspaper where part of a graveyard had to be moved to expand a highway and the families involved were paid a lot of money...
by Watty
Sat Jan 19, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: FIL diagnosed with Alzheimers/Dementia at age 55 -- any advice for financial help?
Replies: 8
Views: 977

Re: FIL diagnosed with Alzheimers/Dementia at age 55 -- any advice for financial help?

Is he currently managing his own money? If so, is there a plan in place to put someone else in charge of his affairs as he becomes less able to make decisions on his own? +1 It would also be good to get all the legal paperwork in order while he is still capable enough to sign it. It would be good t...
by Watty
Sat Jan 19, 2019 8:34 am
Forum: Personal Consumer Issues
Topic: Buying Property in Northwest USA - Advice?
Replies: 8
Views: 755

Re: Buying Property in Northwest USA - Advice?

2) Any speculation whether you think this trend will continue, or whether the market should cool down/reverse in the next few years? I know that's a pretty broad crystal ball question. The ultra low interest rates fueled the housing price increases and they have already started to go up. How it wil...
by Watty
Sat Jan 19, 2019 1:13 am
Forum: Investing - Help with Personal Investments
Topic: Never thought it would happen to me - life changing injury
Replies: 38
Views: 4677

Re: Never thought it would happen to me - life changing injury

I go back and forth on paying the house off. I guess it's a matter of if I can grow the money faster than 3.25% There is no hurry to decide. The "Should I pay off the mortage?" question has endless threads here and there is no universal consensus. I should be able to finish the Boglehead investing ...
by Watty
Fri Jan 18, 2019 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Never thought it would happen to me - life changing injury
Replies: 38
Views: 4677

Re: Never thought it would happen to me - life changing injury

There is wiki on managing a windfall and one of the main points is to 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 Something that it is critical for you to understand ...
by Watty
Fri Jan 18, 2019 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA - RMD
Replies: 18
Views: 1155

Re: Inherited IRA - RMD

Any other assumptions? 5) In the "take it early" scenario any losses will be used for tax loss harvesting in December. For simplicity, I am going to assume the investment is not sold in taxable. I am not sure how to model the TLH scenario otherwise. you'd start to have to take in account other inco...
by Watty
Fri Jan 18, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a home in one state and selling a home in another state. Should he get an Heloc to fund home purchase?
Replies: 7
Views: 398

Re: Purchasing a home in one state and selling a home in another state. Should he get an Heloc to fund home purchase?

I doubt that he can get a HELOC once his old house once it is listed for sale. It would be best to talk to several mortgage brokers to see what they suggest. He may be able to get some sort of actual bridge loan, or a home equity loan on his new house at the same time as he buys it. There are risks ...
by Watty
Fri Jan 18, 2019 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA - RMD
Replies: 18
Views: 1155

Re: Inherited IRA - RMD

retiringwhen wrote:
Fri Jan 18, 2019 5:24 pm
Any other assumptions?
5) In the "take it early" scenario any losses will be used for tax loss harvesting in December.
by Watty
Fri Jan 18, 2019 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Noob needs help
Replies: 7
Views: 449

Re: Noob needs help

Your current employer 401k... check to see what funds they offer and the ERs. Usually index funds have lower fees so maybe you are just in the wrong funds. +1 If you can find one good fund in that you can build a three fund portfolio to work around the high expenses in the other funds. https://www....
by Watty
Fri Jan 18, 2019 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA - RMD
Replies: 18
Views: 1155

Re: Inherited IRA - RMD

Is there a strong case to take this RMD early in the year or later in the year? One problem with doing them late in the year is that if you die during the year before you take the RMD then it will add some complications to settling your estate. If you plan to do them in December there is a chance t...
by Watty
Fri Jan 18, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house in the Bay area or give up?
Replies: 91
Views: 6318

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

I am in the camp that thinks Bay Area Housing is insane and there are lots of reasons not to buy a house there but being 30 and single is not one of them. I bought my first house when I was about that age and single and it worked out fine and I know lots of other people that did too. Lots of things ...
by Watty
Fri Jan 18, 2019 3:01 pm
Forum: Personal Consumer Issues
Topic: Is My Iphone Now a Brick?
Replies: 27
Views: 2966

Re: Is My Iphone Now a Brick?

My dad is leaving to do the Appalachian Trail in a few weeks and I've convinced him to take a smart phone so I can track him if necessary and he can order things via the internet on route. Apple has had an ongoing soap opera with the iPhone battery so it would be good to research if there are issue...
by Watty
Fri Jan 18, 2019 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS
Replies: 37
Views: 2862

Re: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS

I am in an Anthem group plan and will be eligible for Cobra. I have thought about working the first 3 months of 2021 so that it would carry me to Medicare. We'll still have to find an individual plan for my wife for 15 months. I think that your wife would get an extension of how long she could stay...
by Watty
Fri Jan 18, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: How do I get a hotel room upgrade ?
Replies: 9
Views: 897

Re: How do I get a hotel room upgrade ?

If you can cancel your reservations then be sure to keep checking the prices to see if the prices are lower now. If so then you can make a new reservation and cancel your old reservation. If you are flying there then also check for bundles where you buy your airfare and hotel as a package. These wil...
by Watty
Fri Jan 18, 2019 9:04 am
Forum: Investing - Theory, News & General
Topic: Investing and Paying down Debt
Replies: 10
Views: 1084

Re: Investing and Paying down Debt

How does this plan sound? Is there a better way to achieve this? I did not really follow what your strategy is doing but as you save up money then one option is to call your lender to see if they will "recast your mortage"(Google this) if you make a large prepayment. They are not required to but th...
by Watty
Fri Jan 18, 2019 2:04 am
Forum: Personal Consumer Issues
Topic: Car Rental - Getting specific type of car
Replies: 19
Views: 1249

Re: Car Rental - Getting specific type of car

Show up early. I've had friends get the 4x4 and still end up in the ditch needing a tow-out hours from the nearest tow truck. +1 All cars have "four wheel brakes" so a four wheel does not always help a lot. People also tend to feel overconfident in a four wheel drive car. We do not get a lot of sno...
by Watty
Fri Jan 18, 2019 1:52 am
Forum: Investing - Help with Personal Investments
Topic: Clearing the decks at age 60 and starting over
Replies: 20
Views: 3950

Re: Clearing the decks at age 60 and starting over

Questions: 1. I'm doing the ACA (Covered California) dance in order to keep my healthcare costs manageable for the next few years. This means that I need to keep my taxable income between 17.7k and 23.5k. The fixed income funds in my taxable account will currently generate about 11k in taxable inco...
by Watty
Fri Jan 18, 2019 12:30 am
Forum: Investing - Help with Personal Investments
Topic: would appreciate your thoughts
Replies: 19
Views: 1340

Re: would appreciate your thoughts

One of the best things that you can do for your kids is to be financially secure enough so that you can support yourself in retirement so that they do not have to financially support you. I know people that have had to support their parents, they love them a lot but it does get hard to do when they ...
by Watty
Fri Jan 18, 2019 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Investment switch without my knowledge
Replies: 4
Views: 575

Re: Investment switch without my knowledge

When 401k administrators are changed it is often for the worst. They should have sent you advance information about that that might have gotten sent to and old address, thrown out as junk mail, or was in an email that your did not get or read. I would just roll it out to an IRA or into your current ...
by Watty
Thu Jan 17, 2019 11:57 pm
Forum: Personal Consumer Issues
Topic: Audio book options
Replies: 28
Views: 1043

Re: Audio book options

In areas I have lived in the libraries are run by the counties. If you work in a different county than you live in you may be eligible to also join that counties library for free because your employer pays taxes in that county. That can give a better selection of audiobooks through that counties lib...
by Watty
Thu Jan 17, 2019 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS
Replies: 37
Views: 2862

Re: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS

I will be 63 3mos .... I believe we will need to withdraw $50,000 a year in order to live, pay taxes and health care costs (we currently pay 100% of our healthcare premiums so I know what rates are). Health care costs will decline considerably when we become eligible for Medicare. It does not sound...
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: 91
Views: 6318

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: 53
Views: 3384

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: 91
Views: 6318

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: 53
Views: 3384

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: 129
Views: 7038

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: 90
Views: 11002

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: 1225

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: 1225

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: 129
Views: 7038

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: 399

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: 95
Views: 7274

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: 60
Views: 5838

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: 841

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: 750

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: 750

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: 866

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: 2406

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: 6554

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: 2739

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: 4076

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: 1948

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: 1297

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: 5200

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.