Search found 13796 matches

by Watty
Sun Sep 23, 2018 12:18 pm
Forum: Investing - Theory, News & General
Topic: For those who use a 2 year cash(like) buffer, how do you know when to use it?
Replies: 56
Views: 4045

Re: For those who use a 2 year cash(like) buffer, how do you know when to use it?

I'm still in accumulation phase but thinking about the cash buffer/bucket for a market downturn. I might have missed it in all the posts but if you are talking about not wanting to sell your stocks "cheap" when the stock market is down then that is not a big concern unless the bond market happens t...
by Watty
Sun Sep 23, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: How to pay for upcoming medical / IVF expenses
Replies: 17
Views: 447

Re: How to pay for upcoming medical / IVF expenses

Gross income in going to be around $190-200k this year That is well over $15,000 a month which is a lot even after taxes. You likely don't need the entire $20,000 all at once. I would just change your paychecks to have $3,000 a month automatically deposited into a seperate baby account. That would ...
by Watty
Sun Sep 23, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 148
Views: 10334

Re: Considering Quitting Job - Seeking Advice. Would you do it?

..and going to a full physical checkup which I have not done since about early 2015 (kind of anxious about those results). You may not want to wait to give your notice until you have had the physical. It is very very unlikely but there is a tiny chance that there could be some stress related issue,...
by Watty
Sun Sep 23, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Regrets / Pearls
Replies: 30
Views: 5136

Re: Regrets / Pearls

2. What one tip or piece of advice would you give the 20 or 30 year old you if you could go back in time? Perhaps something that worked well for you. Here are two; Commit to yourself that every time you get a raise you will increase your 401k contribution by half of the raise. You will never miss t...
by Watty
Sun Sep 23, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: I-savings bonds: To do or not to do
Replies: 10
Views: 1160

Re: I-savings bonds: To do or not to do

What is bogleheads view of I-savings bonds? I don't know if there is a general consensus but my personal opinion is that I do not like them at the current interest rates except for a few special situations. My reasons are; 1) You can only own them in a taxable account so after paying taxes you are ...
by Watty
Sun Sep 23, 2018 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Should I try to sell Rental prop or Refi to generate cash?
Replies: 6
Views: 645

Re: Should I try to sell Rental prop or Refi to generate cash?

I have no problem being a landlord but would like to be out of the business by age 60 anyway (8 years) I didn't crunch the numbers but this would tend to make selling the rental more favorable. Most housing markets are pretty strong right now and if it is priced right I would think that you could s...
by Watty
Sat Sep 22, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: 6 Month Update: Buying a House Right Before Baby
Replies: 11
Views: 1336

Re: 6 Month Update: Buying a House Right Before Baby

topofthebellcurve wrote:
Sat Sep 22, 2018 7:45 pm
Haha I'll tell her that. She had an easy pregnancy (as far as they go)
Don't tell her that part... :D
by Watty
Sat Sep 22, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's Estate: Can you help please?
Replies: 41
Views: 1672

Re: Mom's Estate: Can you help please?

.... Can I tap your knowledge a step further.... Is there something about a person needs to live for at least two of the last five years in order to claim the capital gains exemption and step-up basis from the deceased spouse? (Asking for NY, non-community property state.) So, if an older person mo...
by Watty
Sat Sep 22, 2018 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's Estate: Can you help please?
Replies: 41
Views: 1672

Re: Mom's Estate: Can you help please?

Yes, I will definitely check on the beneficiary designations & talk with her about adding me to the accounts if she is willing. She simply cannot deal with computers and if nothing else, I can keep an eye on things electronically as she ages. Also be sure that there are credit freezes on her credit...
by Watty
Sat Sep 22, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's Estate: Can you help please?
Replies: 41
Views: 1672

Re: Mom's Estate: Can you help please?

At 86 and in a split level your Mom is only one fall away from a forced move out of the the house or worse. Have you considered an upper end retirement apartment for her? She can afford a pretty nice one. +1 After my dad died my mom insisted on staying in the suburban family home I was raised in. I...
by Watty
Sat Sep 22, 2018 4:47 pm
Forum: Personal Consumer Issues
Topic: HVAC Options -- Any advice?
Replies: 22
Views: 865

Re: HVAC Options -- Any advice?

I'd suggest upgrading to variable speed fan air handler as well as a two stage furnace. We upgraded the HVAC in this manner and the reduction in noise and the consistent temperatures maintained in both heating and cooling modes was dramatic. Increase in comfort and extremely quiet operation was fan...
by Watty
Sat Sep 22, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: Another job interview ‘skip the tie’ question
Replies: 29
Views: 1929

Re: Another job interview ‘skip the tie’ question

The role is Marketing Manager. His last few jobs have been at CPG companies... He is not interviewing for a programming position. What would he wear if he was going to an important meeting with his biggest customer in his current job? In some ways part the interview is a dress rehearsal to see how ...
by Watty
Sat Sep 22, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: Car storage
Replies: 8
Views: 484

Re: Car storage

An additional consideration is that your plans may change and even if you return from overseas in three years you could end up on the opposite side of the country. If you have an umbrella policy you may be retired to keep the car insured so be sure to check on that. The car will be about 8 years old...
by Watty
Sat Sep 22, 2018 7:32 am
Forum: Personal Consumer Issues
Topic: Fidelity cobrowser??
Replies: 25
Views: 1552

Re: Fidelity cobrowser??

oldcomputerguy wrote:
Sat Sep 22, 2018 6:59 am
I suspect that it is a (badly-done) facility to allow them to see my desktop for remote support.
Bull pucky, if it was trying to do that it was a virus or some other attempt to hack you system.

First thing to do is to scan your system for viruses.
by Watty
Fri Sep 21, 2018 3:30 pm
Forum: Personal Consumer Issues
Topic: My Very First Smartphone — Please Critique This Plan
Replies: 75
Views: 3283

Re: My Very First Smartphone — Please Critique This Plan

I also converted from a tracfone flip phone a few years ago. I don't talk a lot on the phone an one thing that surprised me was how little data I actually used. One thing to remember is that when you are at home it will use your home wifi network for the data and that helps a lot. If you can connect...
by Watty
Fri Sep 21, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires
Replies: 17
Views: 1220

Re: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires

As explained to me by my broker, the term is a rate lock from the insurer, but the employer may terminate at any time. So the "contract" as you describe, would be the insured must pay premiums, and the insurer must keep coverage at those rates for the term. But, the insured can exit at any time. Ty...
by Watty
Fri Sep 21, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Thinking of selling my car
Replies: 36
Views: 1553

Re: Thinking of selling my car

If you keep the car for a while keep having it insured. Having it but not being able to drive it also defeats the purpose of keeping it to see if you will actually use it much. Things can happen like the car car could be damaged by someone else while it is parked in the garage or it could be stolen ...
by Watty
Fri Sep 21, 2018 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires
Replies: 17
Views: 1220

Re: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires

As explained to me by my broker, the term is a rate lock from the insurer, but the employer may terminate at any time. So the "contract" as you describe, would be the insured must pay premiums, and the insurer must keep coverage at those rates for the term. But, the insured can exit at any time. Ty...
by Watty
Fri Sep 21, 2018 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires
Replies: 17
Views: 1220

Re: Legal? Employer changing employees to new health insurance plan before currrnt health plan contract expires

I had a company change health plans mid year during a merger but we had lots of advance notice. I suspect that this is legal. Many people had to change doctors to stay in network which is always a difficult especially for people in the middle of a treatment of something but that is no different than...
by Watty
Fri Sep 21, 2018 4:39 am
Forum: Personal Finance (Not Investing)
Topic: Pay-off or keep mortgage with 2018 interest deduction changes?
Replies: 17
Views: 1592

Re: Pay-off or keep mortgage with 2018 interest deduction changes?

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 i...
by Watty
Fri Sep 21, 2018 4:17 am
Forum: Personal Consumer Issues
Topic: Thinking of selling my car
Replies: 36
Views: 1553

Re: Thinking of selling my car

The car is due for a major routine $500-ish service in November (service is every 6 months) so everything including the battery will be checked, I'll definitely keep that point in mind. $500 for routine the routine service for a three year old car sounds very excessive. If you are just taking it to...
by Watty
Thu Sep 20, 2018 10:45 pm
Forum: Personal Consumer Issues
Topic: Thinking of selling my car
Replies: 36
Views: 1553

Re: Thinking of selling my car

I would be concerned about how being without a car will be in bad weather and when it is dark at 4:30 in the afternoon. (I used to live in the Northwest.) It would also be good to wait a few months to make sure that the new job is working out really well. It sounds like not having a car would make a...
by Watty
Thu Sep 20, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7376

Re: Hubby soon to be laid off

Our budget is $72,000/year and the mortgage represents $24,000 of that number. If you pay off the mortgage then $72,000 - $24,000 = $48,000 in expenses. We were not planning on taking Social Security until he was at least 67 and I was 66- 2 more years. He would get $2625/month at that time and I am...
by Watty
Thu Sep 20, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Housing co-op seeking to accept electronic payments
Replies: 8
Views: 505

Re: Housing co-op seeking to accept electronic payments

Right now we need to hand a check to the finance person.... I used to handle the deposits for our HOA. The majority of the people paid their dues online through their checking account and then their bank mailed us a paper check since we were not set up to receive it electronically. If the amount is...
by Watty
Thu Sep 20, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: Penfed car buying service
Replies: 3
Views: 389

Re: Penfed car buying service

My overall impression is that you can do a lot better yourself without too much trouble by getting bids over the internet. Here is a post I did about buying a car earlier this year. https://www.bogleheads.org/forum/viewtopic.php?t=239526 Here is an ongoing thread about how to buy a car. https://www....
by Watty
Thu Sep 20, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1431

Re: Rate our 5 yr plan and beyond

What are tax brackets? Home 325k @ 4.125% $2,200/mo which includes $3500/yr property taxes and about $110 PMI , home value currently $380k... 29 yrs left on mortgage... What would it take to get out of the PMI? Not to dwell on the car but it might have been better to have put the money towards getti...
by Watty
Thu Sep 20, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring at 55 - regular 401k vs. ROTH 401k....which?
Replies: 10
Views: 1042

Re: Retiring at 55 - regular 401k vs. ROTH 401k....which?

If you roll the money into a Roth you will have to pay taxes on that. When a Roth conversion makes sense often it makes sense to just do a limited amount each year so that you do not get into a high tax bracket. There is a wiki on choosing between a Roth and Traditional account. https://www.boglehea...
by Watty
Thu Sep 20, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7376

Re: Hubby soon to be laid off

The big question is what you expect your expenses to be in a few years when the house is paid off and you are both getting medicare. There are lots of details but if you paid off the house you would still have around a million dollars and when you are much older you could tap your $700K in home equi...
by Watty
Thu Sep 20, 2018 2:13 pm
Forum: Personal Consumer Issues
Topic: HOA Donation in Remembrance of Deceased Owner
Replies: 39
Views: 2665

Re: HOA Donation in Remembrance of Deceased Owner

If you are file a complaint about it not being in the bi-laws or try to amend the bylaws that that would likely getting layers involved and the legal fees could quickly be larger than the cost of the donations. The best thing to do would be to start attending the board meetings and informally making...
by Watty
Thu Sep 20, 2018 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 17
Views: 1526

Re: Paying off mortgage vs investing?

There is a wiki on this choice if you have not seen it. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing I am renting out 2 rooms for 925 total (500 and 425) meaning i essentially only pay 275 per month assuming everything is rented out. Remember that is taxable income for you and ...
by Watty
Thu Sep 20, 2018 11:16 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 48
Views: 2743

Re: Bathroom and Basement Remodel Costs

If there was one available, I would. Inventory is terrible. It only takes one. If you get everything organized and are ready to move quickly you can wait six months or a year for a good house to come on the market then you can snap it up. It sounds like your house should sell quickly too. We have l...
by Watty
Thu Sep 20, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 48
Views: 2743

Re: Bathroom and Basement Remodel Costs

Home value around $575K. 5,400 sq ft. It would be good to talk to a real estate agent to find out how the remodeling will impact your homes value. If the other homes in your neighborhood are selling for around $575K then it will be hard to sell the house for much more than that no matter how nice t...
by Watty
Thu Sep 20, 2018 9:01 am
Forum: Personal Consumer Issues
Topic: Proposal for Structural Damage
Replies: 12
Views: 936

Re: Proposal for Structural Damage

I was in a much different situation but I once had minor flood damage. I hired a structural engineer to inspect the house and write up a "prescription" for rehabilitating the house even though I was not required to do this. It turned out that there was no structural damage and most of the needed wor...
by Watty
Thu Sep 20, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 48
Views: 2743

Re: Bathroom and Basement Remodel Costs

Here's my advice: REALLY think about whether you want drywall on the basement ceiling. Ours is drywall, about 1400 SF worth. You may not think so right now, but it's likely that at some point you will need to access something above that drywall. Plumbing, electric, insulation, something. We just ha...
by Watty
Thu Sep 20, 2018 8:30 am
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 48
Views: 2743

Re: Bathroom and Basement Remodel Costs

Relocate shower other side of room Moving the shower may add a lot to the cost. Tub, sinks, toilet largely in same spot Moving these even three inches may add a lot to the costs because of moving the drains. Built 4X4 water closet One thing I suggest to people when remodeling a house is that they t...
by Watty
Wed Sep 19, 2018 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: So new to all this it hurts!
Replies: 27
Views: 3338

Re: So new to all this it hurts!

At this point I'm thinking that at 60 yrs old I should be a 50/50 mix of stocks and bonds When figuring out what asset allocation to use I like to look at what asset allocation a target date fund, like a 2020 fund, is using to make sure that I am in the right ballpark. There isn't any one magic rig...
by Watty
Wed Sep 19, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Home away from home
Replies: 20
Views: 1992

Re: Home away from home

People who regularly travel to a second location for work, where do you live? How do you make this lifestyle less stressful? Any tips for making this work? I have never been in that situation but if he does a things like yard work and repairs around the house then you might start doing those when h...
by Watty
Wed Sep 19, 2018 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Another mortgage repayment thread..
Replies: 30
Views: 2133

Re: Another mortgage repayment thread..

Whatever you do I would sell enough of those stocks to get down to less than 10% of your portfolio just for diversification. Some people would say 5%. There would be some risk but if waiting until January to get the capital gains on your 2019 tax return would save you a lot of taxes you might wait u...
by Watty
Wed Sep 19, 2018 10:53 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 205
Views: 13526

Re: What is your single most expensive mistake?

I guess my question is, when did self directed accounts become a thing? The rules were changed to allow discount brokers in 1975. I was a teenager then but I can remember my older brother and mom being excited about that since they dabbled in the stock market Schwab was one of the early big discoun...
by Watty
Wed Sep 19, 2018 10:11 pm
Forum: Personal Consumer Issues
Topic: Do Postal Regulations Allow Me to Learn the Identity of the Holder of a POB?
Replies: 6
Views: 952

Re: Do Postal Regulations Allow Me to Learn the Identity of the Holder of a POB?

Have you tried Googling the PO box address, and variations, to see if it might be on the internet somewhere that also lists the owners name?
by Watty
Wed Sep 19, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?
Replies: 78
Views: 6361

Re: Should we temporarily reduce our retirement contributions in order to pay off our $400k mortgage in 7 years?

With the 2018 tax code standard deduction, it seems to make a little more sense to do this than before, but it’s still a stretch since we will definitely have a higher taxable income by not sheltering the 401k money. But we kind of don’t care in a way. How much should we care?! Has anyone else made...
by Watty
Wed Sep 19, 2018 9:01 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 205
Views: 13526

Re: What is your single most expensive mistake?

Sold Apple around 1996. Apple had some very "dark years" in the 1990's and again after the dot com bust and there were many times that it was not clear that it would survive. It seems like it was longer ago but the iPhone was only introduced in 2007 and before it took off the future of Apple was fa...
by Watty
Wed Sep 19, 2018 8:35 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 205
Views: 13526

Re: What is your single most expensive mistake?

Not sure if it was my most expensive mistake but it was one of the most frustrating and stupid mistakes. I have a normal size car (Elantra) which I park in a 2 car garage. My normal thing is to press the garage door switch as I walk by it, hop in the car, put my snacks/drinks down, seat belt on, st...
by Watty
Wed Sep 19, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 52
Views: 3338

Re: Reverse Mortgages - Pros, Cons

Ask him/her to redo the plan without the reverse mortgage. I would leave that as a last resort. +1 One problem with people taking a reverse mortgage when they are relatively young is that it can defer people having to cut back on a lifestyle that they really cannot afford. ??? What if they can affo...
by Watty
Wed Sep 19, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: Long term stays/vacations
Replies: 11
Views: 1484

Re: Long term stays/vacations

Has anyone traveled like this....staying in a home base....spending time with the locals and occasionally traveling nearby for other sightseeing opportunities? Pros? Cons? I spend six weeks this summer in Montana taking a class. I stayed in a VRBO studio apartment that I got a good rate on after co...
by Watty
Wed Sep 19, 2018 5:51 pm
Forum: Investing - Theory, News & General
Topic: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?
Replies: 69
Views: 3309

Re: Are unleveraged real estate returns more comparable to stock market returns or just a notch above inflation?

Real estate itself, viewed broadly (in aggregate, ignoring individual local specific growth/declines), has for the most part matched inflation. https://z822j1x8tde3wuovlgo7ue15-wpengine.netdna-ssl.com/wp-content/uploads/2012/12/housing.png You need to be careful when looking at numbers like that. T...
by Watty
Wed Sep 19, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Traveling overseas .. credit cards? cash exchange?
Replies: 41
Views: 2215

Re: Traveling overseas .. credit cards? cash exchange?

One more thing, find out what the daily limit is on your ATM card is and if it is low see if they will raise it. The problem is that if it is something like $300 per business day and you withdraw that much on a Friday then it may be three day before the next $300 is available.
by Watty
Wed Sep 19, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Traveling overseas .. credit cards? cash exchange?
Replies: 41
Views: 2215

Re: Traveling overseas .. credit cards? cash exchange?

Here is the Rick Steves web page for money tips. Even if you are not going to Europe a lot of it will be the same. https://www.ricksteves.com/travel-tips/money I tend to not charge things that lost less than about $75 and just pay those with cash I get from an ATM. I figure that the less I use a car...
by Watty
Wed Sep 19, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Dad Died - Handling Mom's Finances
Replies: 17
Views: 2289

Re: Dad Died - Handling Mom's Finances

Regarding Social Security, she has the option of filing for just her own retirement benefit at 62, while allowing her survivor benefit to continue growing until it maxes out at her full retirement age . Though depending on her level of earnings, the earnings test may result in some or all of that b...
by Watty
Wed Sep 19, 2018 11:21 am
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3850

Re: “Majority of working-age Americans have no retirement savings”

Majority of working-age Americans have no retirement savings” Statistics are tricky. The majority of "working-age" Americans are probably younger than 40 and may have recently been dealing with increasing their net worth by paying off student loans or saving up the down payment for their first hous...