Search found 13398 matches

by Watty
Tue Jun 05, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6259

Re: Expensive house in HCOL area

My nephew works for Google and his wife works for Cisco. They just bought a house in mountain view for 2.3M. They are both 30 and make a little more than you guys. But the property will appreciate and the incomes will go up. Buy the house and enjoy! Your stock options will build up to a nice retire...
by Watty
Tue Jun 05, 2018 5:21 am
Forum: Personal Finance (Not Investing)
Topic: California condo - what happens after earthquake?
Replies: 6
Views: 1022

Re: California condo - what happens after earthquake?

A bit different situation but I know someone that had a beachfront condo on the gulf coast that was destroyed by Hurricane Ivan not long after they bought it. It is a bit of a convoluted soap opera but it turned out that the condo association did not have adequate insurance so the place is still jus...
by Watty
Tue Jun 05, 2018 5:07 am
Forum: Personal Consumer Issues
Topic: Driving through Venice - Stay in Venice or Mestre??
Replies: 9
Views: 870

Re: Driving through Venice - Stay in Venice or Mestre??

If it is a rental car you could drop it off then pick up another one when you are ready to leave.
by Watty
Mon Jun 04, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on changing job to lower title for the experience?
Replies: 22
Views: 777

Re: Thoughts on changing job to lower title for the experience?

In an odd sort of way having the lower job title could work out to be to your advantage since if you get promoted in a few years to full VP then you would likely get a nice bump in pay.
by Watty
Mon Jun 04, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 1548

Re: TSP Advice - Retiring Soon

There seems to be much dis-information out there pertaining to "Non-Spousal TSP beneficiary payment"... If I were the OP, I would carefully look into this, however, suffice it to say that I Firmly believe it can be rolled over into an "Inherited IRA" See Sec. II "Method of payment " pertaining to a...
by Watty
Mon Jun 04, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on changing job to lower title for the experience?
Replies: 22
Views: 777

Re: Thoughts on changing job to lower title for the experience?

In talking with people who work at banks they sort of joked about the way banks use the job title "Vice President" or the variations of it and at some banks way too many people have Vice President in their job title. One thing I would look at is how many people you will have that work under you in b...
by Watty
Mon Jun 04, 2018 7:54 am
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 1548

Re: TSP Advice - Retiring Soon

As I understand it, in this situation the kid could roll over the lump sum into an inherited IRA. Nope. See page 15 here; https://www.tsp.gov/PDF/formspubs/tspbk33.pdf Payment of Death Benefits From Your Account Death benefit payments made from your beneficiary participant account must be paid dire...
by Watty
Mon Jun 04, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: Need advice on 1st international vacation
Replies: 106
Views: 5754

Re: Need advice on 1st international vacation

We love art galleries, museums, and beautiful buildings. We aren't foodies, but enjoy good meals. We aren't going to spend 75 dollars a person on a fancy restaurant more than once on a vacation, but we like to use tripadvisor to find good recommendations. I guess when I think of going overseas it's...
by Watty
Sun Jun 03, 2018 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6259

Re: Expensive house in HCOL area

Not that I can think of. We've both lived in the heart of the city for several years now (20 min walk to work), so it's a pretty significant change for us. We could be mis-estimating how much we'll like/hate bus+ferry commute. You could rent a place with a 45 minute commute for a week to try doing ...
by Watty
Sun Jun 03, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 4977

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

OTH should we really be giving up 170K Total jobs for a 65K one and a move across the country to a new and unknown location? Regardless of where you end up you need to put the brakes on moving until you have a good job lined up. Looking for a job while you are employed is much easier than when you ...
by Watty
Sun Jun 03, 2018 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: New House or invest
Replies: 21
Views: 1860

Re: New House or invest

I'm suddenly leaning against the new house. Good idea. From what you have said you have a net worth of about $500K so taking on a large new mortgage would be very risky. I'm thinking on just putting it all towards principal on my current house. I'm afraid of the market for the next year or so. (I a...
by Watty
Sun Jun 03, 2018 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 1548

Re: TSP Advice - Retiring Soon

My sad experience. My brother passed away recently with a TSP account. He said he submitted a beneficiary designation for a family member but when we contacted TSP, first it was hard to get anyone there who knew anything, then they said they never received it. TSP would not budge and refused to rol...
by Watty
Sun Jun 03, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6259

Re: Expensive house in HCOL area

Be very careful when looking at commute times. When someone says a commute takes 30 minutes(or whatever) they typically means 30 minutes on a good day. It will vary but often there will be a couple of not so good days out of the 10 commutes each week, terrible days every month, and a couple of times...
by Watty
Sun Jun 03, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Getting an appraisal before making an offer
Replies: 16
Views: 1097

Re: Getting an appraisal before making an offer

An idea for brainstorming. In some situations, like a divorce, the value of a house can be set by having both parties having an appraisal done then the price is the average of the two. There are typically contingencies in case one of the appraisals is very high or low and the price might not be bind...
by Watty
Sun Jun 03, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: For those who worked in tech and then changed industries, where did you go?
Replies: 14
Views: 1238

Re: For those who worked in tech and then changed industries, where did you go?

Just curious to see what others have done who have gotten out of the tech industry, and how old were you when you got out? Right out of college I was a software developer at several software companies. Among other things I worked writing inventory and warehouse management systems. By about 30 I shi...
by Watty
Sat Jun 02, 2018 11:00 pm
Forum: Personal Consumer Issues
Topic: Friends with an EJ Advisor
Replies: 49
Views: 3972

Re: Friends with an EJ Advisor

A good case can be made for not doing business with friends.
by Watty
Sat Jun 02, 2018 8:53 pm
Forum: Personal Consumer Issues
Topic: Need to replace my Vizio TV..............
Replies: 35
Views: 2534

Re: Need to replace my Vizio TV..............

Sorry about your bad experience. If you buy your next TV through Costco and use a Costco credit card you will get a 4 year warranty.

https://www.costco.com/concierge-two-pl ... ranty.html

In defense of Visio though it is possible that something like a power surge could have damaged the TV.
by Watty
Sat Jun 02, 2018 7:34 pm
Forum: Personal Consumer Issues
Topic: Need advice on 1st international vacation
Replies: 106
Views: 5754

Re: Need advice on 1st international vacation

Unless there is something that you specifically want to see in a country then an alternative way to pick where to go is to watch out for a great deal to an interesting location then choose that as your destination. I like using the Google Flight map view to browse to see where there are good airfare...
by Watty
Sat Jun 02, 2018 6:19 pm
Forum: Personal Consumer Issues
Topic: 6 hour layover on Heathrow
Replies: 42
Views: 3323

Re: 6 hour layover on Heathrow

I have not visited it but I have seen Windsor Castle when taking off from Heathrow and it is pretty close to the airport so I would think that would be doable if you will be there when it is open.
by Watty
Sat Jun 02, 2018 2:07 pm
Forum: Personal Consumer Issues
Topic: June in Paris: What to (or not to) wear, see and do?
Replies: 53
Views: 2770

Re: June in Paris: What to (or not to) wear, see and do?

Seeing the Mona Lisa was very interesting just for the people watching. As to a painting it could be that I just don't "get it" but even I had the room to myself I would not find it all that interesting compared to a lot of the other art work. They also started with English with my wife and she is G...
by Watty
Sat Jun 02, 2018 11:37 am
Forum: Investing - Help with Personal Investments
Topic: If I began investing at 22 by maxing my 401K, how much would I have today?
Replies: 17
Views: 2024

Re: If I began investing at 22 by maxing my 401K, how much would I have today?

ahmadcpa wrote:
Fri Jun 01, 2018 11:42 pm
Anyone knows of a website that can do this?
You can do that in Firecalc and it will show you how that it would have done in the past.

One thing to keep in mind that is that the maximum amount may have changed over the years.
by Watty
Sat Jun 02, 2018 6:16 am
Forum: Investing - Help with Personal Investments
Topic: Financial Strategy for temporarily moving out of USA
Replies: 7
Views: 804

Re: Financial Strategy for temporarily moving out of USA

I also have some friends and family members who reside in USA so incase I need a valid mailing address, I have that too. That state would expect you to file state income tax returns and apparently some of them can be aggressive about trying to collect income taxes from people that are temporarily l...
by Watty
Fri Jun 01, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Just bought condo; crazy to take out HELOC to buy a parking spot?
Replies: 28
Views: 2790

Re: Just bought condo; crazy to take out HELOC to buy a parking spot?

middistancerunner wrote:
Fri Jun 01, 2018 6:12 pm
I didn't know there could be HOA fees/property taxes. I will have to enquire about that!
I am not familiar with condo insurance but you should also check with your homeowners insurance and that will likely go up too.
by Watty
Fri Jun 01, 2018 9:17 pm
Forum: Personal Consumer Issues
Topic: Should I fix the car or get rid of it?
Replies: 20
Views: 1658

Re: Should I fix the car or get rid of it?

Even if you wanted to get rid of it it would likely make sense to fix it before you sell it.
by Watty
Fri Jun 01, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: Driving UHaul
Replies: 20
Views: 1995

Re: Driving UHaul

If you are moving into an apartment or condo then be sure to check on the rules for when when you can park and unload. You may have to have a time reserved.
by Watty
Fri Jun 01, 2018 8:18 pm
Forum: Personal Consumer Issues
Topic: Replaced beater car, oh how ever to regain feelings of financial superiority?
Replies: 29
Views: 3378

Re: Replaced beater car, oh how ever to regain feelings of financial superiority?

Just for reference the Cavalier has a driver death rate of 150 or 171 depending on if it was a 2 door or 4 door making it one of the worst from era. http://www.iihs.org/iihs/sr/statusreport/article/42/4/1 In comparison a 2014 CX-5 is has a driver death rate of 29 which is not outstanding by modern s...
by Watty
Fri Jun 01, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Save old mortgages, etc.?
Replies: 4
Views: 517

Re: Save old mortgages, etc.?

Specifically, I have many old paid-off mortgages from houses that we've owned in the past. The fact that they've been paid off is a matter of public record, and images of them are stored in our local county's records. So do I need to hold on to the original paper document, with signatures, rubber s...
by Watty
Fri Jun 01, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Beach condo vs mountain cabin investment property
Replies: 30
Views: 2535

Re: Beach condo vs mountain cabin investment property

....but would like clarification on some experiences, whether good or bad. My next door neighbor bought an investment condo near Gulf Shores down the coast from Panama City Beach. This was about two months before Hurricane Ivan hit and wiped out the building so that all that is there now is a concr...
by Watty
Fri Jun 01, 2018 10:50 am
Forum: Personal Consumer Issues
Topic: Travel advice for an engineer
Replies: 65
Views: 4274

Re: Travel advice for an engineer

While it has been at least partially been rebuilt the Aqueduct at Segovia which is north of Madrid might be of interest if you are in the area.

https://en.wikipedia.org/wiki/Aqueduct_of_Segovia
by Watty
Fri Jun 01, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Cheap options for retirement?
Replies: 17
Views: 2474

Re: Cheap options for retirement?

How much Social Security will you get? Great question. I'm not going to kick off any political debates but I do not believe SS will exist at my retirement date. Also, I work in IT and age discrimination is enormous there. I'll be lucky if I won't be kicked off till 50. So let's concentrate on savin...
by Watty
Thu May 31, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to HCOL, worried, need help.
Replies: 14
Views: 2136

Re: Moving to HCOL, worried, need help.

.... my wife has no real skills or job experience (besides being self-employed in a failed business) so likely she won't bring in any income. If she can pass a drug test, no felony convictions, and can speak at least basic english she can get a job that does not involve flipping burgers with no pro...
by Watty
Thu May 31, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: what to do with inheritance
Replies: 9
Views: 1387

Re: what to do with inheritance

Self Employed with income that varies greatly (Amazon/other venues/websites), with gross being about $100k a yr with net being small How small is small? It might be worth looking at getting into some other line of work and running that as a side business in your spare time. If I went the route of f...
by Watty
Thu May 31, 2018 9:55 pm
Forum: Personal Consumer Issues
Topic: Replaced beater car, oh how ever to regain feelings of financial superiority?
Replies: 29
Views: 3378

Re: Replaced beater car, oh how ever to regain feelings of financial superiority?

rcjchicity wrote:
Thu May 31, 2018 7:56 pm
Oh, how shall he ever regain his sense of financial superiority?
You might have to wait until you run into the situation where you have a paid off house and you end up in a group of people that are talking about mortgage rates.
by Watty
Thu May 31, 2018 9:30 pm
Forum: Investing - Help with Personal Investments
Topic: Would you mind reviewing my IPS please
Replies: 3
Views: 541

Re: Would you mind reviewing my IPS please

A couple of suggestions/edits Spend 25 years in retirement Replace this with an age like 90 or 95 since this is a lot different if you retire at 50 instead of 65. Leave meaningful inheritance to our child Unless there is something going on like a special needs kid my personal preference would be to ...
by Watty
Thu May 31, 2018 8:30 pm
Forum: Personal Consumer Issues
Topic: Used car buying advice!
Replies: 41
Views: 3022

Re: Used car buying advice!

I'd look for one a little newer with lower miles personally. +1 Look at the likely yearly cost of ownership over the next ten years. If you buy a car that will only last a short time buying a series of cars could be more expensive than buying one long lasting car. We have 3 kids and need a bigger c...
by Watty
Thu May 31, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: Advice for assisting 18 year old son after high school
Replies: 70
Views: 5250

Re: Advice for assisting 18 year old son after high school

alcohol/drug issues, etc... ...... He has a what will hopefully be a great opportunity in that his uncle, who lives halfway across the country in a pretty big city, wants to take him under his wing and hire him to work in his sales force (he is a sales VP with a national company), starting as a pai...
by Watty
Thu May 31, 2018 5:59 pm
Forum: Investing - Help with Personal Investments
Topic: Roast this profile
Replies: 17
Views: 2321

Re: Roast this profile

3. Any other recommendations? You are doing great, a few things to add if you are not already doing them. 1) Build up an emergency fund. 2) Save some money each month into a seperate car fund to pay cash for your next car. 3) Start saving up a house downpayment fund. There is no hurry to buy a hous...
by Watty
Thu May 31, 2018 2:34 pm
Forum: Personal Consumer Issues
Topic: Recommend new TV for 93 year old lady
Replies: 28
Views: 1932

Re: Recommend new TV for 93 year old lady

One other thing has not been mentioned. That is that large TV's can be sort of unstable if you just put them on a TV stand. When there are kids around there is a risk they could be tipped over and fall on a kid, but people of any age can accidentally slip and knock them over. It will vary a bit by t...
by Watty
Thu May 31, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: Thoughts on Buying a "Flipped" House?
Replies: 27
Views: 3147

Re: Thoughts on Buying a "Flipped" House?

If you can see problems with the visible areas, then chances are pretty good there are similar - or worse - problems where it can't easily be seen. +1 We live in a moderate cost of living area and my son put an offer in on a flipped house. They had a good inspector and one of the things that he fou...
by Watty
Thu May 31, 2018 8:13 am
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11727

Re: To be or not to be complex, that is the question

To be or not to be complex, that is the question One thing that I have not seen mentioned is that even if you are able to manage a complex portfolio well now and it works well for you, you cannot count on always being able to do that. One of the early signs of dementia, can even less severe normal ...
by Watty
Wed May 30, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property To Future House?
Replies: 18
Views: 1402

Re: Rental Property To Future House?

Scenario 3: Buy a property in 2-3 hours outside of current house (Folsom/Granite Bay/El Dorado Hills/Rocklin). This house would be a $700-$800K house which would give on average a 4 bedroom, 3000 sq ft house in very nice areas. Comparable house in Silicon Valley would cost $1.8-$2.0+. Public school...
by Watty
Wed May 30, 2018 2:45 pm
Forum: Personal Consumer Issues
Topic: My mind exploded
Replies: 79
Views: 4661

Re: My mind exploded

One of my favorite quotes is "Good judgement comes from experience, experience comes from bad judgement." Spending the $155 could be a fantastic learning experience for her when she starts running short of money this fall or next winter. If she can eventually learn from that it is lot better to lear...
by Watty
Wed May 30, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Recommend new TV for 93 year old lady
Replies: 28
Views: 1932

Re: Recommend new TV for 93 year old lady

A few coments; 1) Be sure to check the cable box, if it is a real old one it may not have an HDMI output. She may also not be getting an HD signal from the cable company so she may need to get a different cable box. At the price she is paying she should not have to pay more for HD. The remote for th...
by Watty
Wed May 30, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Sale of inherited house by estate: tax question
Replies: 15
Views: 1339

Re: Sale of inherited house by estate: tax question

It would probably make sense to have an accountant handle this paperwork since there could be deductions that you might miss. When we were settling my Mom's estate and selling here house there were actually enough deductions that there was a loss on the sale. The house had a similar value and took a...
by Watty
Wed May 30, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Working for a friend
Replies: 8
Views: 1108

Re: Working for a friend

gpburdell wrote:
Wed May 30, 2018 4:32 am
He said he could structure it so that I don't report directly to him if I wanted.
It would not hurt to talk to them to figure out what that would look like then you can decide.

If he would be your bosses boss that could still be awkward but in you are in a different group that might work.
by Watty
Wed May 30, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Car with best smell, pollution and noise insulation
Replies: 24
Views: 1920

Re: Car with best smell, pollution and noise insulation

I would look at it from the other side. Do anything to get out of a 3 hour commute. Anything. :wink: +1 In addition to your problems with the smells and pollution sitting like that for three hours a day is not good for you especially if you have a desk job where you are not active during the day. L...
by Watty
Wed May 30, 2018 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Boglehead Expertise Wanted (& Appreciated!)
Replies: 15
Views: 1694

Re: Boglehead Expertise Wanted (& Appreciated!)

Other Factors To Consider I have $900k in stock options in my company that I am holding. Any proceeds (post capital gains and taxes) will be reinvested in my retirement account once I sell. If you can exercise the stock options now it would be good to start exercising them. That is something like a...
by Watty
Wed May 30, 2018 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Boglehead Expertise Wanted (& Appreciated!)
Replies: 15
Views: 1694

Re: Boglehead Expertise Wanted (& Appreciated!)

Mortgage: $845k loan balance (4.125% interest rate). Equity of ~$650k. Just started making an extra $1k per month toward principal and paying bi-weekly to reduce total payments. (This will save ~12 years off the life of the 30-yr loan) ....... I have $1MM that I just moved to Vanguard to fund… some...
by Watty
Tue May 29, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 90
Views: 5376

Re: Creative Planning vs Vanguard PAS

On the positive side, I would be comfortable leaving asset with Vanguard. Now I'm trying to figure out if the "value added" justifies the 0.30% advisory fee on top of the underlying fees? If you are retired and starting out with a 4% safe withdraw rate then any fees come out of that. A 0.30% fee wo...
by Watty
Tue May 29, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: What is a reasonable amount of time to spend cleaning a house prior to showing
Replies: 17
Views: 1369

Re: What is a reasonable amount of time to spend cleaning a house prior to showing

-any other routines you would recommend? Do a good cleaning two or three times a week, when it fits into your schedule. Do things like making the bed and cleaning up the kitchen when you get out of bed or finish a meal. Put things way when you are done with them so there is not much to actually do ...