Search found 13814 matches

by Watty
Mon Sep 24, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: FIL bought land with 6 other people, and one passed away
Replies: 5
Views: 720

Re: FIL bought land with 6 other people, and one passed away

Question 2) The group is able to pay the loan in full. The bank will allow them to pay in full if the surviving spouse agrees to a quitclaim deed. Is this correct? Is there any additional paperwork required to remove the deceased spouse from the deed? If this would not cause a hardship then getting...
by Watty
Mon Sep 24, 2018 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Review my IPS
Replies: 8
Views: 683

Re: Review my IPS

A couple of things that could be added or expanded. 1) In asset allocation you need define what percent of your investments will be in international investments. 2) Over the decades cars will likely be one of your major expenses. It will be good to define how you plan to save and pay for cars. 3) Se...
by Watty
Mon Sep 24, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Changing careers (changing gears) - Can I?
Replies: 10
Views: 868

Re: Changing careers (changing gears) - Can I?

One more thought. Your Social Security is calculated using your highest 35 years of inflation adjusted earnings. Keeping working with even modest earnings to get a full 35 years will help your Social Security benefit and allow you to move some money into a Roth or IRA each year.
by Watty
Mon Sep 24, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Changing careers (changing gears) - Can I?
Replies: 10
Views: 868

Re: Changing careers (changing gears) - Can I?

Your passive income generates about what you make. Unless your annual expenses are higher than $100k I don't see why you shouldn't be able to take a risk doing something else. +1 A big point is that your wife is OK with your decision. I would also be very cautious about trying out new careers that ...
by Watty
Mon Sep 24, 2018 8:16 pm
Forum: Personal Consumer Issues
Topic: Vacation without saving adequately?
Replies: 38
Views: 2004

Re: Vacation without saving adequately?

We were approached by a couple who wants to go on a ski trip this winter. The cost of a ski vacation could cover a wide range from a couple of thousand dollars if you drive to a relatively low cost area or fly to an expensive area during the prime Christmas week. Part of the situation literally sou...
by Watty
Mon Sep 24, 2018 5:51 pm
Forum: Personal Consumer Issues
Topic: Does health insurance cover hearing aids
Replies: 12
Views: 597

Re: Does health insurance cover hearing aids

You need to call your insurance company and ask. Before I retired it turned out that my work provided insurance covered them even though it it did not say so in the plan literature summary. As I recall it paid something like 80% of a base model for my wife but we paid a lot additional to get a highe...
by Watty
Mon Sep 24, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 69
Views: 2971

Re: Long Term Care

Our expenses are quite high for the next year or so (~ $190K), but will be around $120K annually thereafter. I don't any good answers but there are a couple of things to point out. 1) If only one of you is surviving when LTC is needed then your expenses might actually go down when the survivor goes...
by Watty
Mon Sep 24, 2018 11:04 am
Forum: Personal Consumer Issues
Topic: Digitalizing Old Photos Help
Replies: 15
Views: 654

Re: Digitalizing Old Photos Help

A few questions; 1) What types of photos are these and how many of them do you have? A "big box" could be a couple of hundred or a couple of thousand. If you have 5,000 4x6 prints that are all stacked up that will be a lot different than if you have a hundred different size photos that are mounted i...
by Watty
Mon Sep 24, 2018 10:35 am
Forum: Personal Consumer Issues
Topic: Prepaid car maintenance -- Mazda -- HCOL
Replies: 21
Views: 1247

Re: Prepaid car maintenance -- Mazda -- HCOL

Be sure to look at what the manufacturer's recommended for routine maintenance in the owners manual. The dealership may have a much longer lost of things that they recommend but that is just unneeded work that they are trying to sell you. You did not ask about it but also be careful about extended w...
by Watty
Mon Sep 24, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Preparing for My First Recession?
Replies: 39
Views: 3049

Re: Preparing for My First Recession?

Just turned 30. Just for comparison the Vanguard 2050 fund is 90% stocks. https://en.wikipedia.org/wiki/Target_date_fund#History Adding some bonds to your retirement funds is the right thing to do but your asset allocation may not have been as extreme as you are thinking if you are not planning on ...
by Watty
Mon Sep 24, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Are target funds off-target?
Replies: 22
Views: 1507

Re: Are target funds off-target?

It lost me at; This new type of investment: target-date mutual funds. A quick search found that they go back until the 1990's and various "fund of funds" have probably existed for about as long as mutual funds have existed. https://en.wikipedia.org/wiki/Target_date_fund#History It is true that many ...
by Watty
Sun Sep 23, 2018 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Should we pay off $90K mortgage with idle cash or not?
Replies: 25
Views: 2600

Re: Should we pay off $90K mortgage with idle cash or not?

Yes, I am earning interest at 1.8%, being taxed on it, losing some of it to inflation, paying mortgage interest at 3.25%, and no longer getting a tax deduction for the mortgage interest. I would like to pay it off but W is balking. We had two major life events in the last year. I went on disability...
by Watty
Sun Sep 23, 2018 10:43 pm
Forum: Personal Consumer Issues
Topic: Dark stain wood floors
Replies: 16
Views: 1043

Re: Dark stain wood floors

Very dark stain seems to be an "in" thing now.

There is a risk that it will look pretty dated in five or ten years.

At least she does not want gray which also seems to be trendy but I would think gray which would be shorter lived.
by Watty
Sun Sep 23, 2018 8:20 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: 67
Views: 5341

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

..... ..... This is a very helpful summary. In the decumulation phase how would you allocate the fixed income? My concern is the -1.78% return for Total Bond year to date and it may well be lower over the next year or so. Not as bad as a serous decline in stocks but nonetheless an issue if one no l...
by Watty
Sun Sep 23, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Should we pay off $90K mortgage with idle cash or not?
Replies: 25
Views: 2600

Re: Should we pay off $90K mortgage with idle cash or not?

Paying it off looks like an easy choice to me. Investing the money and earning a higher return is harder than it sounds because you have a sequence of returns risk. Here is an very rough example that I have posted before. If you do not pay it off then you will have more sequence of returns risk. For...
by Watty
Sun Sep 23, 2018 3:20 pm
Forum: Personal Consumer Issues
Topic: squeaky lock and hard to turn key
Replies: 18
Views: 934

Re: squeaky lock and hard to turn key

If those suggestions don't work well then if the lock is not part of some fancy hardware then it may be make sense to just replace the lock. To me it seems like when a lock gets to be about 15 year old they tends to get finicky and it may be about be due for a replacement anyway. This is usually eas...
by Watty
Sun Sep 23, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Nursing Home/Medicaid issues
Replies: 10
Views: 1035

Re: Nursing Home/Medicaid issues

If he won't see an elder law attorney then get as much information as you can then see one without him. Tell him you are doing this and he might begrudgingly go with you.

Selling the house could be exactly the wrong thing to do unless he has other reasons to sell it, which is very possible.
by Watty
Sun Sep 23, 2018 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Tax consequence of inheriting international property
Replies: 13
Views: 1051

Re: Tax consequence of inheriting international property

If they keep the property then one thing to do if they live in the US would be to make sure that your wife and sister sister have appropriate wills that will be valid in both he US and India for settling their estates some day. If the wills are not set up right there could be a mess for their heirs ...
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: 67
Views: 5341

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: 43
Views: 2063

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: 152
Views: 11225

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: 35
Views: 6328

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: 1449

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: 9
Views: 941

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: 1454

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: 44
Views: 1976

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: 44
Views: 1976

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: 44
Views: 1976

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: 29
Views: 1640

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: 2006

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: 516

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: 34
Views: 2384

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: 102
Views: 4681

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: 1236

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: 1577

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: 1236

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: 1236

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: 1620

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: 1577

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: 1577

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: 7517

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: 516

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: 400

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: 1460

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: 1066

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: 7517

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: 40
Views: 2930

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: 20
Views: 1945

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: 51
Views: 3104

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: 51
Views: 3104

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...