Search found 14086 matches

by Watty
Sat Oct 20, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Waiving contingencies for co-op purchase?
Replies: 16
Views: 839

Re: Waiving contingencies for co-op purchase?

FWIW I have a stable job and spotless credit, a solid pre-approval letter. I understand that the ernest money needs to be 20% on contract. Even with a stable job things can happen like your entire office is shut down, or you could have an accident and be out on disability which might cause problems...
by Watty
Sat Oct 20, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Put more than 20% down on a house?
Replies: 26
Views: 1921

Re: Put more than 20% down on a house?

1. Now that i'm typing it out i'm not sure if it evens makes a difference which option I pick. The difference is only 308. Am i thinking of this wrong? What would you do? From your user ID I would assume that you are a doctor in Georgia and get paid enough that the extra money would just be investe...
by Watty
Sat Oct 20, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: [Starter Home] Sell it or Rent it out?
Replies: 20
Views: 786

Re: [Starter Home] Sell it or Rent it out?

I am not really up to speed on the accounting but don't forget; If we sold the house now we’d get to roll the profits ($100K) into the new house, tax free. (Seems like an amazing opportunity.) Which would increase your monthly payment on the new house by about $500 - Monthly Payment (PITI) is $1,159...
by Watty
Sat Oct 20, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Travelers Checks
Replies: 31
Views: 1550

Re: Travelers Checks

Deposit them if you bank will take them. There was a post a few weeks ago about someone that found a couple of hundred dollars in old travelers check. They did their banking with an internet bank so they did not have a local bank and they found that no one would take them if you did not have an acco...
by Watty
Sat Oct 20, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: [Starter Home] Sell it or Rent it out?
Replies: 20
Views: 786

Re: [Starter Home] Sell it or Rent it out?

- Purchased our "starter home" brand new in 2010 for $166,490 - Zestimate is currently at $283,000 If you sell it now you will have about $100K in capital gains that are free of federal taxes because of the homeowners capital gains exclusion. - Mortgage Outstanding Principal balance is $137,331.69 ...
by Watty
Sat Oct 20, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: 33 Years Old - Check up and Competing Priorities
Replies: 7
Views: 1106

Re: 33 Years Old - Check up and Competing Priorities

As long as you don't spend it if you put an extra $1,000 into any of your options then your net worth goes up the same $1,000 which is why deciding what to do can be so hard. One thing I have done for years is to update a very simple spreadsheet each year on January 1st that lists all my accounts, d...
by Watty
Sat Oct 20, 2018 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Please confirm no cap gains in rollover IRA
Replies: 2
Views: 192

Re: Please confirm no cap gains in rollover IRA

That is correct if all the sales are in the IRA. One thing to watch out for is that if you sell the BND fund in a taxable account for a loss and buy the BND fun in the IRA within 30 days the you may not be able to deduct the capital loss because of a "wash sale" rule. There are ways to work around t...
by Watty
Sat Oct 20, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: New early retiree, looking to start this off correctly
Replies: 4
Views: 996

Re: New early retiree, looking to start this off correctly

Here is a wiki that might help. https://www.bogleheads.org/wiki/Withdrawal_methods At least in your taxable accounts setting your mutual funds to not automatically reinvest the dividends and capital gains distributions might make your withdrawals easier and more tax efficient. Eventually you will ha...
by Watty
Sat Oct 20, 2018 7:28 am
Forum: Investing - Theory, News & General
Topic: The End of Indexing?
Replies: 33
Views: 3913

Re: The End of Indexing?

My hunch is that if too many people index, we'll get a more volatile market. Perhaps that will make it easier for active investors to beat the market, allowing them to close the performance gap with indexing. I'm not sure. So even though I put my mom into index funds, I hope she doesn't tell all he...
by Watty
Sat Oct 20, 2018 7:08 am
Forum: Investing - Help with Personal Investments
Topic: Help me understand
Replies: 16
Views: 1635

Re: Help me understand

One thing to remember is that the expectation of rising interest rates is already priced into what bonds are paying so in theory they are already priced based on the markets collective justment of what interest rates will do over the length of the bond and how much the bond price will be impacted. T...
by Watty
Sat Oct 20, 2018 6:02 am
Forum: Investing - Theory, News & General
Topic: The End of Indexing?
Replies: 33
Views: 3913

Re: The End of Indexing?

Now, I personally feel that "megatrends" are not so easy to identify... and that, having identified them, even if correct,, far less easy to figure out how an individual investor could profit by knowing about them. You also have to identify them before most other people do and price them into the m...
by Watty
Sat Oct 20, 2018 5:45 am
Forum: Personal Finance (Not Investing)
Topic: If I'm convinced to stop making extra mortgage payments, should I recast?
Replies: 15
Views: 1937

Re: If I'm convinced to stop making extra mortgage payments, should I recast?

Doing the recast and reducing your mortage payments are two separate decisions. If you do the recast and still make your same payment each month then nothing has changed except that you will have more options in the future which could be handy if something happens like you are laid off or disabled. ...
by Watty
Fri Oct 19, 2018 11:17 pm
Forum: Personal Consumer Issues
Topic: Guidelines About Deposits on a Contractor Job?
Replies: 12
Views: 783

Re: Guidelines About Deposits on a Contractor Job?

I would pay him with a credit card so that you have the credit card protection.
by Watty
Fri Oct 19, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Met with an FA today.
Replies: 12
Views: 2437

Re: Met with an FA today.

What am I missing. Taking out 6%? Heresy here I know. Not at all. I just looked at www.immediateannuities.com and a 65 year old man can buy a single premium immediate annuity that pays 6.7% without even shopping around. The things you are missing is that of the 6% something like 3%(??) may be retur...
by Watty
Fri Oct 19, 2018 10:45 pm
Forum: Investing - Theory, News & General
Topic: The End of Indexing?
Replies: 33
Views: 3913

Re: The End of Indexing?

3. Declining spending power of the middle classes Middle class is a problematic term for multiple reasons but just FYI the "middle class spending power" is surging in unprecedented numbers. A lot of it is in places like China and India but there are literally billions of people that have moved up f...
by Watty
Fri Oct 19, 2018 7:25 pm
Forum: Investing - Theory, News & General
Topic: What happens if a government confiscates foreign-held stocks?
Replies: 39
Views: 2048

Re: What happens if a government confiscates foreign-held stocks?

We can't get into politics here but the US regularly freezes financial assets of other nations and individuals. Confiscation is a bit extreme and might be called nationalization and that has happened in lots of cases too. This has happened lots of times. https://en.wikipedia.org/wiki/List_of_nationa...
by Watty
Fri Oct 19, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: If I'm convinced to stop making extra mortgage payments, should I recast?
Replies: 15
Views: 1937

Re: If I'm convinced to stop making extra mortgage payments, should I recast?

ResearchMed wrote:
Fri Oct 19, 2018 4:31 pm
IF you can recast at the *same* interest rate, and with no fees, what is the downside?
+1

The paperwork is even trivial.
by Watty
Fri Oct 19, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: Replace roof or wait .... and
Replies: 14
Views: 878

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: 1006

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: 589

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: 1006

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: 1006

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: 589

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: 43
Views: 3561

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: 2197

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: 1625

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: 1061

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: 3994

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: 50
Views: 3878

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: 27
Views: 2810

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: 51
Views: 5000

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: 1240

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: 27
Views: 2810

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: 1193

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: 47
Views: 5290

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: 2764

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: 1335

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: 1608

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: 2859

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: 1597

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: 2859

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: 52
Views: 4258

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: 2829

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: 2829

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: 47
Views: 4249

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: 6278

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: 1272

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: 2859

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: 2163

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: 11
Views: 1902

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...