Search found 14545 matches

by Watty
Thu Dec 13, 2018 11:24 pm
Forum: Personal Consumer Issues
Topic: Potential New Home - Planes and Trains Noise
Replies: 7
Views: 336

Re: Potential New Home - Planes and Trains Noise

One thing to do is to look at satellite photos of any property you are thinking of buying to better understand the area. As someone mentioned one of the best things you can do would be to walk around a potential neighborhood and talk to people, they might mention things you would not think to ask ab...
by Watty
Thu Dec 13, 2018 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming dilemma-Would love opinions
Replies: 13
Views: 832

Re: Social Security Claiming dilemma-Would love opinions

One nice thing about the open Social Security web site is that one you have the recommended strategy you can compare it to an alternative strategy so get a dollar value in just how much difference it makes. My situation was different but the optimal strategy for us was for me to start SS at 70. When...
by Watty
Thu Dec 13, 2018 2:25 pm
Forum: Personal Consumer Issues
Topic: Buying used car
Replies: 25
Views: 1082

Re: Buying used car

Thank you everyone. I should have put more info, I am sorry for that. The van we are looking at is the ex-l package. Leather seats, back up camera, Bluetooth, navigation... all the bells and whistles. It is a one owner car. I will do more research on the maintenance of the vehicle before any major ...
by Watty
Thu Dec 13, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: Buying used car
Replies: 25
Views: 1082

Re: Buying used car

I have no on hand dealing with these vans, so If anyone has any suggestions, please comment. Thank you! It all depends on the price. It may very well last a long time but you can't really count on it so I would use 150k miles as a target for how long it might last without needing major work. As a b...
by Watty
Thu Dec 13, 2018 9:24 am
Forum: Personal Consumer Issues
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 66
Views: 4842

Re: Is a New Car Okay if Driven 15+ Years?

One thing I have not seen mentioned is that features on a model vary a lot from year to year even if there has not been a major redesign. Many new models have safety features that they have added in the last few years so a 2018 model can be a lot different than a 2015 model even if they look about t...
by Watty
Wed Dec 12, 2018 10:08 pm
Forum: Personal Consumer Issues
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 66
Views: 4842

Re: Is a New Car Okay if Driven 15+ Years?

It depends on the car. Some cars like most Toyotas and Hondas don't depreciate fast enough to make buying a used car worthwhile. My basic car buying plan is to buy modest new Hondas and Toyotas and keep them for about ten years then sell them even if they are running OK. A good ten year hold Honda o...
by Watty
Wed Dec 12, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Replacing a gas furnace and electric AC: when and how much?
Replies: 25
Views: 1330

Re: Replacing a gas furnace and electric AC: when and how much?

He also told me my AC is 8 years old and they usually die at 10 years so I should consider replacing that too. 10 years is way low especially if you are not using it a lot, For comparison I replaced my furnace and AC a few years ago and they both came with a ten year warranty as long as I have them...
by Watty
Wed Dec 12, 2018 10:35 am
Forum: Personal Consumer Issues
Topic: Lyft driver got into an accident, but denies it
Replies: 67
Views: 5002

Re: Lyft driver got into an accident, but denies it

Does the Lyft app record a start time and end time for the ride? If so, perhaps you could point to that as being abnormally long and the reason for that is the accident the driver denies having. This. Lyft's data will absolutely show this and corroborate your story. +1 With possible injuries it wou...
by Watty
Wed Dec 12, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: Trip to Italy
Replies: 41
Views: 2186

Re: Trip to Italy

Driving in the cities, along the Amalfi Coast & around Sorrento can be very stressful but the small towns & countryside is no problem. For six people and their luggage you would need some sort of van which would be even more challenging. For just two weeks you could easily spend all your time in th...
by Watty
Tue Dec 11, 2018 10:05 pm
Forum: Personal Consumer Issues
Topic: Trip to Italy
Replies: 41
Views: 2186

Re: Trip to Italy

Don't worry about booking the flight directly to Italy if it's expensive. Looks flights to other major airports : Paris CDG, Madrid, London, Frankfurt. There is a lot of inexpensive flights within the Europe on discounts airlines (think EasyJet and other airlines)... Once we flew from US to Paris a...
by Watty
Tue Dec 11, 2018 9:50 pm
Forum: Personal Consumer Issues
Topic: Trip to Italy
Replies: 41
Views: 2186

Re: Trip to Italy

If you don't mind sharing where you would be flying from you might get better suggestions. If you don't already have them then start applying for your passports. If there is some glitch like you need to get a copy of birth certificates it can take a while to get all the paperwork together and get yo...
by Watty
Tue Dec 11, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Great Personal Loss – Guidance and Financial Questions
Replies: 36
Views: 4876

Re: Great Personal Loss – Guidance and Financial Questions

I am so sorry for your loss, I can't image what it is like to go through this. Hopefully I can give a few practical suggestions to help. 1) Since money is not tight don't skimp on having a lawyer and account help you settle the estate and do your taxes this year. Just because you could do some of th...
by Watty
Tue Dec 11, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: High Fee 401(k) - How to Handle?
Replies: 11
Views: 709

Re: High Fee 401(k) - How to Handle?

There are a couple of wikis if you have not seen them. https://www.bogleheads.org/wiki/401(k)#Expensive_or_mediocre_choices https://www.bogleheads.org/wiki/How_to_campaign_for_a_better_401(k)_plan Several people have posted about being able to get a better 401k plan without too much trouble. You onl...
by Watty
Tue Dec 11, 2018 8:57 am
Forum: Personal Consumer Issues
Topic: hotel booking
Replies: 14
Views: 909

Re: hotel booking

I have not ever used it but several of my credit cards include travel insurance so you might be able to use that if you need to cancel for some sort of health related reason or if you miss a flight.

For a big trip you might be buying travel insurance anyway.
by Watty
Tue Dec 11, 2018 8:42 am
Forum: Investing - Theory, News & General
Topic: "The 10 Worst Places To Get Investing Advice"
Replies: 59
Views: 7123

Re: "The 10 Worst Places To Get Investing Advice"

It has been attributed to several people but one of my favorite quotes is;
Good judgement comes from experience, experience comes from bad judgement.
I think that most of use have probably used some of the bad sources of advice in the past.
by Watty
Tue Dec 11, 2018 8:36 am
Forum: Investing - Theory, News & General
Topic: "The 10 Worst Places To Get Investing Advice"
Replies: 59
Views: 7123

Re: "The 10 Worst Places To Get Investing Advice"

11. An insider at the company that you are planning to invest in. 12. The water cooler. 13. Your neighbors. 14. Anyone who tells you that you need to act right now. 15. The person who comes to your door out of the blue and introduces him/herself to you as a financial advisor who just opened an offi...
by Watty
Mon Dec 10, 2018 8:21 pm
Forum: Investing - Theory, News & General
Topic: what happens when an employer removes/changes fund options from tax deferred selections?
Replies: 5
Views: 491

Re: what happens when an employer removes/changes fund options from tax deferred selections?

When my employer change a few of the funds a 401k they sent out a memo saying that a certain date any money in a fund that was dropped would be moved to a corresponding fund. They also change from Fidelity to Principal as a 401k administer. In that case they also said how the funds would be mapped a...
by Watty
Mon Dec 10, 2018 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: What if you reach your number before retirement?
Replies: 16
Views: 1875

Re: What if you reach your number before retirement?

We planned to retire in 30 more years when I will be 69 and she will be 67. You might every well be able to work that long, or longer but you cannot count on it. When I was going through my 50's I saw a lot more people than I would have expected run into life, career, or health setbacks that totall...
by Watty
Mon Dec 10, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 50
Views: 3392

Re: portable jump starters

It is not directly related but one other thing you should do is to occasionally open the car door and trunk with the metal key, not the key fob. If the lock is not periodically used it can get stuck and not work and you do not want to find that out when you are having a problem with the key fob.
by Watty
Mon Dec 10, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 7669

Re: To each his own ( I guess )

To each his own ( I guess ) As long as you and your spouse agree that is fine. If your spouse wants to go to someplace else though you should consider giving some other places a try, assuming you can afford it. It is hard to believe but the average American has only been to 12 states so you may act...
by Watty
Mon Dec 10, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review (New Zealand - but please don't be put off by that)
Replies: 16
Views: 1276

Re: Portfolio review (New Zealand - but please do don't be put off by that)

The house we bought needs a significant amount of work, most of which we are doing ourselves, but the cost of building materials in New Zealand is high because we are a small market a long way away from everything. My net salary per fortnight is approximately $4,300 (which is after tax and the Kiwi...
by Watty
Sun Dec 09, 2018 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help on how to break even on investment idea
Replies: 4
Views: 680

Re: Help on how to break even on investment idea

It has been a while but if I remember right somewhere in the mortage paperwork you have to sign a statement saying that you plan to live in the house. Since you don't that could be mortage fraud if you don't get an investor loan which would have a higher interest rate.
by Watty
Sun Dec 09, 2018 7:23 pm
Forum: Investing - Theory, News & General
Topic: Low need to take risk - decrease allocation to stocks?
Replies: 42
Views: 3100

Re: Low need to take risk - decrease allocation to stocks?

(3m, in our late 40s). We currently have 45% in equities and equity-like investments such as EM bonds, otherwise cash band bonds. ....... We carry a fairly low mortgage on our house which will be paid off in 8 years. If you have 55% in bonds that is around $1.7 million in bonds that might be paying...
by Watty
Sun Dec 09, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall predicament
Replies: 20
Views: 2545

Re: Windfall predicament

Wanted to see what other bogelheads thought. Putting most of the the money into an insured CD for six months while you learn more and come up with a plan would be a good idea. There are a few things like maxing out your tax advantaged accounts that would be good to do but that would be a small perc...
by Watty
Sun Dec 09, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: What can I be doing better?
Replies: 12
Views: 929

Re: What can I be doing better?

Will you get Social Security in addition to your pension? 5) Where should I put the retirement house savings? I would assume that you will be selling your current house when you buy your retirement home. If so then I would just use it to pay down your mortage. That is a risk free tax free 2.75% retu...
by Watty
Sun Dec 09, 2018 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review (New Zealand - but please don't be put off by that)
Replies: 16
Views: 1276

Re: Portfolio review (New Zealand - but please don't be put off by that)

Lots of good comments that sound like they know a lot about the tax situation. A few things I did not see yet. 1) What is your situation with cars? If you can get by without owning a car that is great, but if you do need a car then you should have a plan on how you will pay for your next car when yo...
by Watty
Sat Dec 08, 2018 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review (New Zealand - but please don't be put off by that)
Replies: 16
Views: 1276

Re: Portfolio review (New Zealand - but please do don't be put off by that)

I know the two property ETFs are probably a waste of time. With your half of house you already have almost $500,000 in real estate so you don't need any more real estate exposure. I would get rid of those ETFs. A couple of other things; 1) When do you get your bonus? If it is soon then you may be a...
by Watty
Sat Dec 08, 2018 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Stay in Company 401 at retirement or roll to an IRA?
Replies: 10
Views: 905

Re: Stay in Company 401 at retirement or roll to an IRA?

My 401k withholds about 24% in Fed and State Tax on withdrawals, does brokerage IRA give you more flexibility in withholding rates? At least at Fidelity and Vanguard it asks you how much you want to withhold and it will allow you to enter whatever percentage you want, and it will allow a zero perce...
by Watty
Sat Dec 08, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: ACA, COBRA, and Medicare
Replies: 9
Views: 772

Re: ACA, COBRA, and Medicare

Option 1, Retire in August. Cost for COBRA is $1,800 a month for 18 months. This is for both of us since I have to be on the policy. You should check on that, that does not sound right, I am about 99% sure that you can be on Medicare and your wife can still get COBRA. You may need to do something l...
by Watty
Sat Dec 08, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: options to cover next 10 years before SS
Replies: 38
Views: 2507

Re: options to cover next 10 years before SS

One more thought, since there is a living husband that works her optimal strategy may be to start her Social Security before 70.

https://opensocialsecurity.com/
by Watty
Sat Dec 08, 2018 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: options to cover next 10 years before SS
Replies: 38
Views: 2507

Re: options to cover next 10 years before SS

A big problem with the annuity is that it is not adjusted for inflation. The math gets funky but 3% inflation for ten years would be almost a 30% reduction the purchasing power by the tenth year. It could be that a ladder of TIPs that mature each year would be a better choice. For example she could ...
by Watty
Sat Dec 08, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: Attic insulation-R30 to R60 worth it?
Replies: 33
Views: 3143

Re: Attic insulation-R30 to R60 worth it?

A room with a cathedral ceiling is also likely to have lots of windows so that could be part of the problem. If so then using insulated blinds or something like that might help. Improving the insulation of the entire house might save energy but it might not help the problem with her room being coole...
by Watty
Sat Dec 08, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 50
Views: 3392

Re: portable jump starters

A week ago I helped a lady in the parking lot. She had one of those, didn't help her, I had cables and jumped her car. +1000 Just carry jumper cables and know how to use them. As another poster said you do need to follow the instructions, in college my roommate managed to blow up a battery by doing...
by Watty
Sat Dec 08, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: Attic insulation-R30 to R60 worth it?
Replies: 33
Views: 3143

Re: Attic insulation-R30 to R60 worth it?

My daughters room has cathedral ceilings and is always about 2-3 degrees cooler in winter and 2-3 degrees hotter is summer. Could that be due to poor air circulation to her room? For example a 20x20 room with a flat 10 foot high ceiling would have 4,000 cubic feet of air. The same room with cathedr...
by Watty
Sat Dec 08, 2018 10:03 am
Forum: Investing - Help with Personal Investments
Topic: options to cover next 10 years before SS
Replies: 38
Views: 2507

Re: options to cover next 10 years before SS

without going into too much detail, my mom (59) and turning 60 next year and she is getting a significant pay cut at her job. she has $600k saved up to use for replacement income for next 10 years until she hits 70 and will start claiming SS. She is hoping to take $70k/year. The elephant in the roo...
by Watty
Sat Dec 08, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: When to consider making extra principal payments on mortgage?
Replies: 24
Views: 2191

Re: When to consider making extra principal payments on mortgage?

There is a wiki on this choice if you have not seen it. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing I wanted to have my house paid off by the time I retired so occasionally paying extra made sense for me. If you could get the house paid off by the time your kids start college ...
by Watty
Fri Dec 07, 2018 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to trade land without paying taxes or exchanging funds?
Replies: 19
Views: 1420

Re: Any way to trade land without paying taxes or exchanging funds?

If you have a mortage or home equity loan then your lender will likely not allow you to do this. It would be best to get any building permits needed before you do the swap. You could get halfway through the deal only to find out that you cannot get something like a permit to put in a septic system. ...
by Watty
Fri Dec 07, 2018 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs Lump Sum payment
Replies: 8
Views: 1020

Re: Pension vs Lump Sum payment

So I've run the numbers, but the real question seems to be one of assumed risk. My first concern is that I'm really not confident in the long-term success of my former employer. However, an opposing risk is that cashing out of the pension feels like putting all my eggs in one basket. * like the ide...
by Watty
Fri Dec 07, 2018 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Stressed/Job loss/Retirement possible?
Replies: 34
Views: 3962

Re: Stressed/Job loss/Retirement possible?

3. We are totally stressed out and this hit us about 10 years prior to what we thought originally. I guess I am looking for advice and to some degree, reassurance. My husband and I are 51 and 49 respectively. ..... Total assets are $2.95M. ....... Can we comfortably retire NOW with $100k spending a...
by Watty
Fri Dec 07, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Retiree aka my Dad
Replies: 4
Views: 884

Re: Retiree aka my Dad

I would be looking to move to Vanguard or Fidelity where we can manage costs more effectively. If he is looking at a bankruptcy in the near future it would be good to check with his bankruptcy lawyer before moving any money between IRA custodians. I don't know that it would cause any problems but e...
by Watty
Fri Dec 07, 2018 3:22 pm
Forum: Personal Consumer Issues
Topic: Helping in-laws with buy vs lease
Replies: 14
Views: 970

Re: Helping in-laws with buy vs lease

Wife and I have always bought modest cars new with the plan to drive it until it falls apart. They are not in a financial position to do this, as even a corolla would be nearly all of their savings. I recently bought a new Corolla and it is the higher end of the price range for budget priced cars b...
by Watty
Fri Dec 07, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Climate Concerns re: small Jersey Shore Vacation Home
Replies: 54
Views: 2932

Re: Climate Concerns re: small Jersey Shore Vacation Home

One problem is that it does not take climate change for there to be unexpected problems. Even in a place like New Jersey there are not good records going back more than about 200 years since once you be back to colonial times the records may just say things like "big storm" or "big flood" which is h...
by Watty
Fri Dec 07, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: I need some money from my portfolio , sell out of which fund??
Replies: 9
Views: 481

Re: I need some money from my portfolio , sell out of which fund??

Many mutual funds will be paying a dividend soon. At least in the taxable account you may want to set them to not automatically reinvest the dividends and any capital gains distributions. You could use that for the funds you need then take any additional needed funds out of whichever fund is overwei...
by Watty
Thu Dec 06, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6340

Re: Health insurance for FIRE

It seems like the cost of healthcare is prohibitive of FIRE for many people thus making the whole industry (books, blogs, advice, internet sites, magazine articles) BUNK. In a lot of ways the unpredictability is worse than actual cost. If you had enough to retire today except for the healthcare cos...
by Watty
Thu Dec 06, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: DW has 39 credits of SS. Easiest way to get 40?
Replies: 15
Views: 2978

Re: DW has 39 credits of SS. Easiest way to get 40?

Unless you already have some sort of business it would be easier for her to just work and pay the self employment taxes. You would have to look into the details but she might be able to sell stuff on eBay and then declare that income. At least around here a lot of places still have signs up that the...
by Watty
Thu Dec 06, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges on Chase Credit Card -- Chase unresponsive
Replies: 8
Views: 1767

Re: Fraudulent charges on Chase Credit Card -- Chase unresponsive

Was it a business or consumer card? There are different rules for business cards.
by Watty
Thu Dec 06, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Retirement planning--how many years of cash equiv should I aim to have?
Replies: 16
Views: 2323

Re: Retirement planning--how many years of cash equiv should I aim to have?

Keeping a few months expenses in cash makes sense to me just for simplicity. If you could also have a situation where additional funds will be needed, like for your first seven years of retirement until you start Social Security then having those funds invested in something like a CD ladder also mak...
by Watty
Thu Dec 06, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 6915

Re: Anybody Miss the Crypto Rage on BH Forums

Even the schoolteachers will be well paid (given the high cost of living). Not as much as you might think, about $71,000 a year. https://www.glassdoor.com/Salaries/san-jose-teacher-salary-SRCH_IL.0,8_IM761_KO9,16.htm When I lived there (which was long ago) people in jobs like that really struggled ...
by Watty
Thu Dec 06, 2018 8:40 am
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 6915

Re: Anybody Miss the Crypto Rage on BH Forums

Google is like the Standard Oil of its age.... That should be a scary analogy if you own Bay Area real estate. Standard Oil caused Cleveland to boom but Cleveland's golden age is far in the past. The Bay area has a population of around seven million people but world wide Google has around 85,000 em...
by Watty
Wed Dec 05, 2018 11:12 pm
Forum: Personal Consumer Issues
Topic: 55 year old may need hearing aid
Replies: 13
Views: 1540

Re: 55 year old may need hearing aid

Other lessons learned that I have no clue I will need? Be sure to check with your insurance company to to see if there is any coverage for hearing aids. Often(usually ?) they are not covered but when we checked with our insurance company it turned out that it did cover the cost of a basic hearing a...