Search found 12505 matches

by Watty
Fri Feb 23, 2018 10:30 pm
Forum: Investing - Theory, News & General
Topic: Evidence that retirement account ID theft is increasing
Replies: 13
Views: 2223

Re: Evidence that retirement account ID theft is increasing

tractorguy wrote:
Fri Feb 23, 2018 9:20 am
The elderly person didn't notice any of these notifications.

IMOP, this kind of fraud is fairly easy to guard against. The obvious steps are;

Things like this may not be easy for an elderly person even if they were computer literate in their younger days.
by Watty
Fri Feb 23, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: New Dryer with Issues... Should I return it?
Replies: 6
Views: 433

Re: New Dryer with Issues... Should I return it?

A defective sensor could be a fire hazard. I would return it.
by Watty
Fri Feb 23, 2018 4:16 pm
Forum: Personal Consumer Issues
Topic: I week in California, Road Trip Planning
Replies: 32
Views: 1278

Re: I week in California, Road Trip Planning

Any advise on car rental ? Price the rental car in both directions. Depending on where they need cars the prices may be dramatically different and it may be much less expensive to go the other way. For a one way rental you may want to price that directly with each rental car company on their web si...
by Watty
Fri Feb 23, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Guaranteed 2% return?
Replies: 34
Views: 2483

Re: Guaranteed 2% return?

Do you by any chance have a mortgage that you could pay down then use your "mortgage payment" to save up enough to pay off the loan in five years? the ~2% interest rate is historically low and is a corporate loan. I am not a tax guru but I would be concerned that a below market interest rate on a lo...
by Watty
Fri Feb 23, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Employment for Immigrant Wife
Replies: 27
Views: 2283

Re: Employment for Immigrant Wife

True. But I was referring to things cultural vs language. Though yes, times have changed. mahalo, j :D Fortunately, she speaks both fluently :) Judging someones fluency can be complicated. I have heard of native speakers of Spanish that applied for jobs that required the ability to speak Spanish. A...
by Watty
Fri Feb 23, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Guaranteed 2% return?
Replies: 34
Views: 2483

Re: Guaranteed 2% return?

One complication is if you will have ongoing loan payments of just a balloon payment at the end of five years.

This could be an issue if you put the money into a bond or CD that matures in five years and would have to make the monthly payments out of other funds.
by Watty
Fri Feb 23, 2018 10:45 am
Forum: Investing - Help with Personal Investments
Topic: Check-up and House and Alt Investment Questions
Replies: 9
Views: 566

Re: Check-up and House and Alt Investment Questions

We are in the sweet spot of about 100K salary but with deductions get the 12% bracket,.... If you get some raises or your wife goes back to work when your kids are older then you would likely have too much income to qualify for deductible IRA contributions. You may be able to also do Roth conversio...
by Watty
Fri Feb 23, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4201

Re: Giving up on first home

Thanks to everyone here. We're going to bail out due to some safety issues uncovered. Such an awful experience and makes us want to rent forever. Will be processing this for awhile. I'm curious, what was the safety issue? If the inspection turned up some problems that was money well spent.
by Watty
Fri Feb 23, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Check-up and House and Alt Investment Questions
Replies: 9
Views: 566

Re: Check-up and House and Alt Investment Questions

There are all sorts of opinions on the Roth vs Traditional question and there is a wiki on this choice. https://www.bogleheads.org/wiki/Traditional_versus_Roth Above the 12% (or old 15%) tax bracket a Roth would be much harder to justify. One factor to consider is that you are only 32 now so you are...
by Watty
Fri Feb 23, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Wanna try a more risky fund in Roth IRA
Replies: 16
Views: 1129

Re: Wanna try a more risky fund in Roth IRA

For a truly risky investment you might want to buy it in a taxable account so that you can deduct the capital loss if it does not work out.

If it does do well then the long term capital gains tax rates are not too bad, or even zero if your income is low enough.
by Watty
Fri Feb 23, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Spousal deductible Trad Contribution
Replies: 13
Views: 622

Re: Spousal deductible Trad Contribution

[Post merged into here, see below. --admin LadGeek]

You asked this same question yesterday.

viewtopic.php?f=2&t=242439
by Watty
Fri Feb 23, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Home Warranty Paid by the Seller
Replies: 15
Views: 887

Re: Home Warranty Paid by the Seller

This is a custom to provide a home warranty for a year. To be honest, the warranty services all suck. The seller usually pays like $500-700 for it. I would just request a cash credit. +1 It has been a while but we got one when we bought our house and may have had two minor repairs that we tried to ...
by Watty
Fri Feb 23, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: Retiree newbies financial life...
Replies: 4
Views: 889

Re: Retiree newbies financial life...

Be sure to look at your numbers three ways, as a couple and as if either of your survives the other. Your pension and Social Security amounts with just one check could be very different after one of you dies. 5. Any thoughts on financing, other than conventional mortgage, for a second home in Florid...
by Watty
Fri Feb 23, 2018 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Small Personal Loans for Mixed Martial Arts Training
Replies: 19
Views: 1282

Re: Small Personal Loans for Mixed Martial Arts Training

The interest rates on any small personal loan like this are likely terrible which would be another reason to save up the money to pay cash. If you need to then get a second job to be able to save up for this. Don't even think of getting a loan at some place like a payday lender or or some lending st...
by Watty
Fri Feb 23, 2018 6:44 am
Forum: Investing - Help with Personal Investments
Topic: % of net worth to sink into property?
Replies: 2
Views: 494

Re: % of net worth to sink into property?

Here is a calculator that will help decide if renting or buying is a better financial choice. https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html The impact on your monthly expenses is likely a more important factor than how much of your net worth is in the property. The phase o...
by Watty
Thu Feb 22, 2018 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: First time poster looking for advice [traditional IRA with pension]
Replies: 5
Views: 366

Re: First time poster looking for advice [traditional IRA with pension]

Yes. Husband maxes out his 401K. I thought I read in one of the other forums that there are restrictions for traditional IRA's if you have an employer funded pension. I have a defined benefit pension that is fully funded by my employer. There are restrictions on deducting the contributions. Backdoo...
by Watty
Thu Feb 22, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal deductible Trad Contribution
Replies: 13
Views: 622

Re: Spousal deductible Trad Contribution

IndigoE wrote:
Thu Feb 22, 2018 4:39 pm
We each made a small amount of income in the Peace Corps ($4500 each).
I don't know if it would matter but if the income was for work your did overseas then that would be worth looking into.
by Watty
Thu Feb 22, 2018 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Check-up and House and Alt Investment Questions
Replies: 9
Views: 566

Re: Check-up and House and Alt Investment Questions

State of Residence: GA ......... New annual Contributions $25,000 his Employer Retirement Trust (company contribution) $5,500 his Roth IRA $5,500 her Roth IRA $6,000 taxable/buying our next home fund Questions: 1. Anything that pops out that seems out of place? I am also in Georgia. The tax laws he...
by Watty
Thu Feb 22, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Diversification
Replies: 7
Views: 550

Re: Diversification

29 with anout 100k in stocks 50 in 401k 50 in a brokerage. My 401k is 45% vanguard 500 index 35% vanguard total international stock index 10% mid cap index 10% small cap index. I am looking for thoughts and opinions on how to diversify the remaining 50 k in my brokerage account. I currently have it...
by Watty
Thu Feb 22, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice - to apply for promotion or not
Replies: 6
Views: 845

Re: Career advice - to apply for promotion or not

You should apply for the promotion, You might get it, you never know until you try. If you don't get it you may get additional feedback that will help you decide if you should remain with your current employer or begin exploring your options. If you don't get it you might also get good feedback on ...
by Watty
Thu Feb 22, 2018 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Tiny Windfall But Big Help
Replies: 11
Views: 1298

Re: Tiny Windfall But Big Help

Use the windfall and $2K from the emergency fund to pay off the car and be done with it. Use cash flow to replenish the EF. Then increase your 401k contributions. +1 And start saving up a bit each month to be able to pay more cash for you next car. The age is somewhat arbitrary but maybe by the tim...
by Watty
Thu Feb 22, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Employment for Immigrant Wife
Replies: 27
Views: 2283

Re: Employment for Immigrant Wife

when she gets her work authorization and green card (this summer). and due in September, Her plan would be to stay home full-time for 6 months after the baby is born We feel a bit overwhelmed, Starting a new job this summer when she is seven months pregnant would be unrealistic unless you are despe...
by Watty
Thu Feb 22, 2018 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement strategy for wife
Replies: 14
Views: 1955

Re: Early retirement strategy for wife

1. Is there a way to access our 401k/simple IRA without penalty before age 59.5? There is a wiki on one way of doing this. https://www.bogleheads.org/wiki/Substantially_equal_periodic_payments Most 401k plans also allow you to access the funds without a penalty if you are 55 in the year you leave t...
by Watty
Thu Feb 22, 2018 4:13 pm
Forum: Investing - Theory, News & General
Topic: I'm thinking about buying some real estate to diversify my virtual wealth - agree?
Replies: 17
Views: 1328

Re: I'm thinking about buying some real estate to diversify my virtual wealth - agree?

I don't own a home or any property and never have (always been a renter), but I'm thinking about buying a coop apartment or condo, and a vacation condo too. Buying the place that you live in can make a lot of sense so I would look at that question separately from buying some sort of investment prop...
by Watty
Thu Feb 22, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Recent retiree - where to invest today
Replies: 23
Views: 1817

Re: Recent retiree - where to invest today

Thank everyone for their thoughtful comments. They were all read carefully and considered. I think I’m going to put everything back into the two funds that I had invested in (50% wellesley admiral and 50% 2015 target retirement). By rule, I do have to wait one month to reinvest so March 6 is the da...
by Watty
Thu Feb 22, 2018 12:15 am
Forum: Personal Consumer Issues
Topic: Cedar Roof
Replies: 27
Views: 1611

Re: Cedar Roof

When researching this you need to distinguish between cedar shingles and cedar shakes since they are very different products. The shingles are basically thin flat sawn boards, shakes are thick rough wedges of split wood. As I recall they have very different life expectancies but I don't want misquot...
by Watty
Wed Feb 21, 2018 7:39 pm
Forum: Personal Consumer Issues
Topic: what should be the subject line when contacting previous employer
Replies: 10
Views: 605

Re: what should be the subject line when contacting previous employer

nps wrote:
Wed Feb 21, 2018 7:35 pm
Why don't you call them instead?
+1

Email would be a poor choice for that type of communication.
by Watty
Wed Feb 21, 2018 3:54 pm
Forum: Investing - Theory, News & General
Topic: Statistic:Percent of people in LTC with a surviving spouse?
Replies: 8
Views: 1079

Re: Statistic:Percent of people in LTC with a surviving spouse?

I finally found some statistics but it is from 1999 https://academic.oup.com/biomedgerontology/article/59/11/1213/589796# Table 3 Male Married: 39.2% Widowed: 24.6% Divorced/Separated: 12.1% Never Married: 23% Female Married: 16.2% Widowed: 57.9% Divorced/Separated: 10.3% Never Married: 14% The pape...
by Watty
Wed Feb 21, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or get mortgage for 2nd home?
Replies: 11
Views: 816

Re: Pay cash or get mortgage for 2nd home?

Few people would advocate getting a mortgage on their paid off retirement home just to invest the money. That is just about the same questions that you are asking about getting a mortgage on your second home. Would it be better to get a 30 year mortgage and make payments with money invested in a mut...
by Watty
Wed Feb 21, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Interested on opinions on paying off low-rate ARM
Replies: 23
Views: 819

Re: Interested on opinions on paying off low-rate ARM

There is a wiki on this choice if you have not seen it; https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing There is no one right one size fits all answer but a few things I would consider are; 1) Could I still max out all my tax advantaged accounts? 2) What percent of my net worth wo...
by Watty
Wed Feb 21, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Statistic:Percent of people in LTC with a surviving spouse?
Replies: 8
Views: 1079

Re: Statistic:Percent of people in LTC with a surviving spouse?

Why does the statistic matter? If you are planning, then consider all possibilities. This question is sort of along the same lines as asking; What are the odds LTC will be needed or how long it might be needed for. It matters to us since between our home equity and our normal retirement budget we c...
by Watty
Wed Feb 21, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? ** How to deduct in 2018??
Replies: 90
Views: 4698

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

I am not sure about your 2017 situation but you also really need to look at this for 2018. I am in a vaguely similar situation where I need to limit my IRA withdrawals to keep my income below the ACA cut off amount. Two things I will do are; 1) I just bought a new car but I got a car loan instead of...
by Watty
Wed Feb 21, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4201

Re: Giving up on first home

Between my realtor pulling one way, my lawyers pulling another way, I reread your post. What is up with this? You are paying both these people significant money for their professional advise so if one of them is saying there is a problem you should really listen to them. The lawyer gets paid if the...
by Watty
Wed Feb 21, 2018 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 43
Views: 4201

Re: Giving up on first home

Is there something in particular that’s going wrong ? Like extensive repairs that showed up in the inspection that you don’t have the time and energy for ? If that’s the case then yes I would bail out on the deal. +1000 There is normal buyers remorse and there is also your "inner voice" telling you...
by Watty
Tue Feb 20, 2018 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Advice please: overpaid by previous employer, encountering incompetence when attempting to repay
Replies: 8
Views: 1022

Re: Advice please: overpaid by previous employer, encountering incompetence when attempting to repay

so when a normal-sized direct deposit came mid-month, we assumed it was this payout. Unfortunately, two weeks later we received another direct deposit The few times I have had to get a significant payroll problem corrected they did it through the normal payroll system and they can reverse the direc...
by Watty
Tue Feb 20, 2018 6:06 pm
Forum: Personal Consumer Issues
Topic: Alaska Cruise Suggestions
Replies: 23
Views: 1579

Re: Alaska Cruise Suggestions

Is there even a cruise destination that might make it easier travelling with a baby? I have heard some all inclusive resorts described as being a cruise ship on land. There is some truth in that. One concern though would be that many of them are located where Zika virus is a problem and I don't kno...
by Watty
Tue Feb 20, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Timber
Replies: 37
Views: 2675

Re: Selling Timber

I don't know anything about timber but it would be good to get a good land survey done early in the process. If you are friendly with the adjoining landowners considering talking to them early in the process to make sure that there are no misunderstandings about the property line. They might also be...
by Watty
Tue Feb 20, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Recent retiree - where to invest today
Replies: 23
Views: 1817

Re: Recent retiree - where to invest today

That said, start here: https://www.bogleheads.org/wiki/Getting_started to learn about the Boglehead philosophy and create a plan you can stick to so that you aren't so stressed out by market moves in the future. The Boglehead books are also a good starting point. https://www.amazon.com/s/?search-al...
by Watty
Tue Feb 20, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Good brands for Kitchenware?
Replies: 38
Views: 2689

Re: Good brands for Kitchenware?

Revere Ware. We were given a 5 pc set 27 years ago as a wedding gift & I swear by them. I've since bought (eBay & thrift store) 2 more of the 8 qt pots so I have 3 of those now. I will only get the copper bottom that are made in the USA! I have read/heard others say the newer Revere Ware is cheap m...
by Watty
Tue Feb 20, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security and late life marriage
Replies: 10
Views: 1026

Re: Social Security and late life marriage

You also need to consider how being married or not will impact your income taxes. The way that Social Security is taxed is especially complicated. https://www.bogleheads.org/wiki/Taxation_of_Social_Security_benefits With her still working you might also be able to get on her work health insurance wh...
by Watty
Tue Feb 20, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: How would you proceed at age 29?
Replies: 17
Views: 2233

Re: How would you proceed at age 29?

Making 160k, you are getting killed on taxes. You need to maximize your 401k withholding, and do it TODAY. I was at 11% prior and I bumped to 12%: .11 * 160000 = 17,600 .12 * 160000 = 19,200 I was only about $900 short of max before the bump, I was under impression max was 17.5. D'oh. I didn't real...
by Watty
Tue Feb 20, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: Alaska Cruise Suggestions
Replies: 23
Views: 1579

Re: Alaska Cruise Suggestions

I wouldn’t do an Alaska cruise if you feel the baby would limit your activities off the ship. +1 You can expect it to be cool(or cold) and often at least a light rain or mist. For adults and older kids this is not a big problem since you can just bundle up and put on a raincoat and the mist and fog...
by Watty
Tue Feb 20, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: How would you proceed at age 29?
Replies: 17
Views: 2233

Re: How would you proceed at age 29?

Sounds like you are off to a good start. +1 - In general I'm a pretty frugal person but there has been some lifestyle creep over the years as my salary has increased. One thing I did when I was a bit older than you was that I committed to myself to save half of any pay raises. I was pretty much abl...
by Watty
Tue Feb 20, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Cut down on retirement savings to build emergency fund
Replies: 20
Views: 1155

Re: Cut down on retirement savings to build emergency fund

There is a wiki entry on using a Roth as emergency fund. https://www.bogleheads.org/wiki/Emergency_fund#Roth_IRA_as_an_emergency_fund There probably is not one "right" answer but in your situation I would probably try to save up a month or two expenses in my normal emergency fund account and then us...
by Watty
Tue Feb 20, 2018 8:59 am
Forum: Investing - Theory, News & General
Topic: Statistic:Percent of people in LTC with a surviving spouse?
Replies: 8
Views: 1079

Statistic:Percent of people in LTC with a surviving spouse?

Hi, In planning for long term care cost one very important factor is if there is a surviving spouse when LTC is needed. This is because if there is not a surviving spouse there is no need to worry about the LTC depleting the couples assets and not leaving the other spouse enough to live on. Without ...
by Watty
Tue Feb 20, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 127
Views: 5390

Re: Long term care insurance

One thing to keep in mind is that if you are single or there is only one spouse surviving when LTC is needed that many of your other expenses will stop when you go into LTC. This means that the increase in cost might be a lot less than many people think when they see the LTC costs. I live in Atlanta...
by Watty
Mon Feb 19, 2018 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: First offer on a house...gut check
Replies: 16
Views: 2362

Re: First offer on a house...gut check

30 year mortgage: $410,000 at 4.25% Property Taxes: $11,300 It looks like you will be paying around $35,000 a year for those. You will also get some tax deductions but you will also have maintenance costs. As others have said you should be fine on both incomes ot the higher income, even with just o...
by Watty
Mon Feb 19, 2018 11:30 pm
Forum: Personal Consumer Issues
Topic: Signed up for American Express - "Premium" car rental insurance
Replies: 46
Views: 2682

Re: Signed up for American Express - "Premium" car rental insurance

Just a reminder, with any coverage like this be sure to check to see what countries you are covered in. The excluded countries list will vary with the card and they occasionally change so you need to be sure to check the current list. Ireland is often on the excluded list but when I went there I had...
by Watty
Mon Feb 19, 2018 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Considering move to Tulsa, OK
Replies: 21
Views: 2284

Re: Considering move to Tulsa, OK

I may be commuting 40 minutes to my job, When people say that they usually mean 40 minutes on a good day but probably a couple of times a week it will not be so good, a couple of times a month it will be pretty bad and a couple of times a year it will be the commute from hell. If you have specific ...
by Watty
Mon Feb 19, 2018 10:36 pm
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk while accumulating
Replies: 65
Views: 3862

Re: Sequence of returns risk while accumulating

Second, accumulating investors can reduce the negative consequences of SRR by lengthening their accumulation period. This might seem counter-intuitive given the above statement that the difference in very good and very poor outcomes expands as this period grows. While this is true, longer accumulat...