Search found 14282 matches

by Watty
Mon Nov 12, 2018 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Flood Insurance- When is it necessary?
Replies: 6
Views: 181

Re: Flood Insurance- When is it necessary?

A big question is how much it costs relative to the value of your house so it would be good to get a quote on that and then decide. In your area you would not only have a risk of things like spring floods but a tropical system could get up that far and dump a tremendous amount of rain in that area. ...
by Watty
Mon Nov 12, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Enjoying Your Work
Replies: 2
Views: 381

Re: Enjoying Your Work

1) How do you know if you'll enjoy something enough to exhibit behaviors listed above. How can I explore those things? 2) Assuming I find that path, how could I transition from what I'm doing now to that new thing while maintaining current expenses? One way is to use your current skills to transiti...
by Watty
Mon Nov 12, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: At what point does a life insurance policy not make sense?
Replies: 11
Views: 1090

Re: At what point does a life insurance policy not make sense?

I've read that you should have $1M 20 year life insurance policy. At what point does it not make sense to have a life insurance policy? If your net worth is >$1M (not that mine is), does it not make sense? One upper limit is if you could easily retire today then you may not need life insurance. Tha...
by Watty
Mon Nov 12, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: Trying to move out.
Replies: 25
Views: 1643

Re: Trying to move out.

Since the dogs haven't even met yet, I think you are massively, dramatically overthinking the situation. Step 1: introduce the dogs. Go do that before posting/worrying/overanalyzing it anymore. +1 If the dogs don't easily get along then you can talk to a dog trainer. You didn't say anything like th...
by Watty
Mon Nov 12, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 10
Views: 1104

Re: Social Security Claiming Strategy - Seeking Confirmation

2. Is DW's future spousal benefit reduced by the fact that she elected to take her own benefits early? We are in a similar situation. My understanding is that if her benefit is reduced by $200 a month then when she starts getting a spousal benefit of half of your PIA then it will also be reduced by...
by Watty
Mon Nov 12, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Still spending too much on non-essentials
Replies: 29
Views: 1536

Re: Still spending too much on non-essentials

Any tips for how you have managed to resist the temptation to spend on non-essential things? With most web sites if you enter an incorrect password a few times it will disable your password and you will have to go through a password reset process. One thing you can do is to intentionally do that to...
by Watty
Sun Nov 11, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: Best city car
Replies: 15
Views: 1174

Re: Best city car

Any other recommendations? One thing to also consider is that there is a good chance that your 10 year old may learn to drive on whatever car you get. :shock: Depending you your situation they might even get it as a hand me down to take off to college some day. The top safety picks are listed here ...
by Watty
Sun Nov 11, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 119
Views: 10857

Re: If expenses are low, are some of us over saving?

One thing that has not been mentioned is that the median household income in the US is only about $59,000 a year and for most people that includes paying for rent or a mortage payment. In probably 80% of the country that will support a modest but comfortable lifestyle. https://en.wikipedia.org/wiki/...
by Watty
Sun Nov 11, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Looking for computer suggestions
Replies: 17
Views: 1253

Re: Looking for computer suggestions

The best solution may be to get both an inexpensive laptop(or tablet) and a desktop. With a traditional desktop you can also get a 24 or 27 inch monitor for a very reasonable price now. I often take my laptop with me when I am traveling and I like not having all my financial information with me whic...
by Watty
Sun Nov 11, 2018 1:30 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 70
Views: 2505

Re: International Travel during Maternity/Paternity

One more thought. This might have been the best place to ask. I would think that you could find a message board where there are parents of borns and ask the question there.
by Watty
Sun Nov 11, 2018 10:43 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 95
Views: 3207

Re: Point and shoot camera

legio XX wrote:
Sun Nov 11, 2018 6:58 am
Going to B&H tomorrow or the next day, but will spend some time on the KEH site before then.
If you are in NYC that is a great choice. Be sure to check that they will be open since they close often for religious holidays.
by Watty
Sun Nov 11, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Do I Need A Credit Score?
Replies: 24
Views: 1005

Re: Do I Need A Credit Score?

Yes you should figure out how to build up a basic credit history, but I am not sure about the details of the best way to do that. You may be able to get a credit card with your spouse and have the credit history reported in both of your names. Many people, often women, have found that after the deat...
by Watty
Sat Nov 10, 2018 11:34 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 70
Views: 2505

Re: International Travel during Maternity/Paternity

Between weeks 7 and 8 she took a 180 and started sleeping deeply 2-3 hours at a time...... To the OP, please note the post where someone bragged that their kid was sleeping 2-3 hours at a time. I have never know anyone with a newborn that was not pretty sleep deprived. On a more practical side if y...
by Watty
Sat Nov 10, 2018 11:12 pm
Forum: Personal Consumer Issues
Topic: Cars similar to Toyota Corolla LE that I should consider for purchase?
Replies: 36
Views: 3742

Re: Cars similar to Toyota Corolla LE that I should consider for purchase?

I recently purchased a nine year old Lexus GS350 with about 100,000 miles. It is superb in every way from RWD power to comfort to features. I had it in for service Friday and they gave me a 2018 Corolla loaner. Appalling. Minimal power from a reedy 4 cylinder, plastic everywhere, ghastly audio, rot...
by Watty
Sat Nov 10, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: buy a house or rent?
Replies: 5
Views: 741

Re: buy a house or rent?

Rent for a year and then decide if you want to buy or not.

That will give you time decide if you want to really live in that city and to learn more about the local housing market.
by Watty
Sat Nov 10, 2018 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I choose a high deductible health plan with HSA or stick with PPO?
Replies: 12
Views: 1021

Re: Should I choose a high deductible health plan with HSA or stick with PPO?

You should also check the formulary for both plans to make sure that the needed medicine is covered the same.
by Watty
Sat Nov 10, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 70
Views: 2505

Re: International Travel during Maternity/Paternity

We are looking into traveling with the baby weeks 14-20. Mid April - End of May. A few practical problems; 1) You will need a passport for the baby and that can take a while since you probably cannot even apply for a passport until you get their birth certificate, each step can take a month or more...
by Watty
Sat Nov 10, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Worth fixing a 30-year-old Maytag dryer?
Replies: 59
Views: 12149

Re: Worth fixing a 30-year-old Maytag dryer?

We have a Maytag DE410 electric dryer and a Maytag A710 washer, both purchased new in 1983. When is the last time you replaced the washing machine hoses? Having the hose connection to a washing machine fail is a common cause of significant water damage. Even in an unfinished basement if it fails wh...
by Watty
Fri Nov 09, 2018 11:53 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3460

Re: Paper or Paperless? How and what financial records do you keep?

Has anyone ever needed a tax return older than 7 years? People sometimes find that there is an error in their Social Security earnings history that can be corrected if they have the old W-2s that show the Social Security withholding. You may want to keep or scan those until you are retired and gett...
by Watty
Fri Nov 09, 2018 7:40 pm
Forum: Personal Consumer Issues
Topic: Tips for protecting buyer from fraud by seller
Replies: 5
Views: 461

Re: Tips for protecting buyer from fraud by seller

You could
InvestorNewb wrote:
Fri Nov 09, 2018 7:33 pm
However, I finally found someone on Ebay today who sells the product for $1,600 per item and I want to buy about 10 of them.
Instead of one big order you could buy a couple at a time.
by Watty
Fri Nov 09, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Which Loan to Pay off?
Replies: 6
Views: 376

Re: Which Loan to Pay off?

Loan 1: Student Loans $298,000 at 3.625% through SoFi. 6 years left. Loan 2: Mortgage $504,000 at 4.625%. 29 years left. I would pay extra on the student loan too. If you can get it paid off in say 5 years, then for the next year you could then use your paid off "student loan payment" to then pay d...
by Watty
Fri Nov 09, 2018 2:40 pm
Forum: Personal Consumer Issues
Topic: Seeking Advice - Emergency Preparedness
Replies: 56
Views: 3146

Re: Seeking Advice - Emergency Preparedness

If you get a bid on a generator be sure to ask about if you need to keep it clear of snow.

Solar panels have two problems;
1) They can get covered with snow.
2) In the winter the days can be very short and sun will be low in the sky. There may not be enough daylight to generate much electricity.
by Watty
Fri Nov 09, 2018 8:41 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 95
Views: 3207

Re: Point and shoot camera

With a point and shoot camera by far the most important thing is that feels "right" when you use it. This is especially important if you are left handed or wear glasses. I would just go into a place that still sells Cameras, like Best Buy, and buy one in person. Some may be technically better than o...
by Watty
Fri Nov 09, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: Seeking Advice - Emergency Preparedness
Replies: 56
Views: 3146

Re: Seeking Advice - Emergency Preparedness

We have a natural gas insert with realistic looking fake logs in our fireplace that can run without electricity. We don't live in a harsh part of the country but we have had a few power outages in ice storms where we would turn that on to at least keep the living room from getting too cold. We actua...
by Watty
Fri Nov 09, 2018 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Payoff Mortgage
Replies: 12
Views: 1464

Re: Payoff Mortgage

dylanand wrote:
Fri Nov 09, 2018 12:33 am
I mean I want to use retirement assets, as much as possible
Why you said you had a million dollars in non-retirement assets. It still is not clear why you would not use that to pay off the mortage.
by Watty
Fri Nov 09, 2018 12:49 am
Forum: Personal Consumer Issues
Topic: Career/Life Advice Needed - When to start a business?
Replies: 20
Views: 1394

Re: Career/Life Advice Needed - When to start a business?

I’m not overly enthusiastic about my job right now and feel I could be doing “more” with my life. Plus, I HATE all the bureaucracy and politics. I have never run my own business but I would suspect that you could be going from the frying pan into the fire and might have a lot more to deal with in d...
by Watty
Thu Nov 08, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement withdrawal plan Fall 2019, ACA vs Roth conversions
Replies: 10
Views: 877

Re: Retirement withdrawal plan Fall 2019, ACA vs Roth conversions

We will be working part time in 2019 and will make approximately 150K. I can get COBRA health insurance for 1400 / month vs. 250 for a bronze plan with ACA tax subsidies (2019 rates). There is no way you would get a subsidy if you make $150K. Be sure to look at the details of the ACA plan. It may h...
by Watty
Thu Nov 08, 2018 10:54 pm
Forum: Personal Consumer Issues
Topic: Lowest Cost GPS-Capable Device for Senior Citizen
Replies: 18
Views: 951

Re: Lowest Cost GPS-Capable Device for Senior Citizen

For a cheap, easy to use, easy to read and reliable device for vehicle use, I would go with a Garmin stand-alone unit. It is a one-purpose device, but for this scenario, I think it fills the bill. +1 It will probably also have a louder speaker than a cell phone. It would also be a one time cost. Th...
by Watty
Thu Nov 08, 2018 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help - Expect to inherit relatively large sum
Replies: 12
Views: 2104

Re: Help - Expect to inherit relatively large sum

You would also want to make sure that you are maxing out your retirement accounts for 2018 and 2019. I will probably continue to step it up some, but I have been hesitant because of the high fees (its administered by Principal with limited investment options). I also have a bit of a tin-foil hat, a...
by Watty
Thu Nov 08, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Kitchenware Plastic Alternatives
Replies: 9
Views: 855

Re: Kitchenware Plastic Alternatives

I would have been concerned about what glue and chemicals they would have used on bamboo. One problem with metal is that it is a good conductor and hot food will get cold quickly. Cold food and beverages will likely have a lot of condensation on the outside. I agree that glass and ceramic is a good ...
by Watty
Thu Nov 08, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help - Expect to inherit relatively large sum
Replies: 12
Views: 2104

Re: Help - Expect to inherit relatively large sum

Completely agree with MotoTrojan: Sell it all upon inheritance to take advantage of the step up in basis, and then invest how you see fit. +1 There is a wiki on the stepped up cost basis. https://www.bogleheads.org/wiki/Step-up_in_basis A lot of mutual funds have dividend distributions in December,...
by Watty
Thu Nov 08, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.
Replies: 19
Views: 2352

Re: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.

A couple of things; 1) I would take buying any real estate off the table at least until you figure out what you want to do as far as school and you get accepted into a program. With being a first time landlord you do not want to be a long distance landlord. 2) It gets a lot harder to justify buying ...
by Watty
Thu Nov 08, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much to offer on new construction home
Replies: 31
Views: 2195

Re: How much to offer on new construction home

I still think $680K is what I would want to pay and maybe an absolute max of $690K (still undecided if I am willing to go that high). What to do next really depends on your local market so there is no way that you will get good advice on a board like this. I would just take a hard look at what else...
by Watty
Thu Nov 08, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 116
Views: 7919

Re: Favorite "free stuff"?

it is not totally free but the senior lifetime national park pass that used to be $10 that is now $80. Even at $80 it fantastic thing to have if you can use it.
by Watty
Thu Nov 08, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Need Advice Regarding Where to Put Retirement Funds
Replies: 7
Views: 876

Re: Need Advice Regarding Where to Put Retirement Funds

Here is an article about what John Bogle said about the choice a while back. https://www.cbsnews.com/news/john-c-bogle-on-the-sp-500-vs-the-total-stock-market/ It is just me but one thing am not entirely comfortable with is how much weighting the S&P 500 gives to the largest companies like Apple, Mi...
by Watty
Thu Nov 08, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: TSP(401k?) to IRA to ROTH - questions
Replies: 30
Views: 1141

Re: TSP(401k?) to IRA to ROTH - questions

Be sure to understand the inheritance rules if you leave the money in the TSP. Here is what I have posted about that before. You need to understand the details of the inheritance laws for the TSP since they are not as good as for an IRA. It might make sense to roll the money into an IRA just for the...
by Watty
Thu Nov 08, 2018 9:30 am
Forum: Personal Consumer Issues
Topic: Anyone here retire in two homes
Replies: 24
Views: 2996

Re: Anyone here retire in two homes

A lot of people do this when they snowbird in places like Florida or Arizona. You can likely Google snowbirding tips but one big issue is where your primary residence legally is since that can determine which state your pay taxes in and car registration. Avoiding becoming a tax resident may require ...
by Watty
Wed Nov 07, 2018 10:48 pm
Forum: Personal Consumer Issues
Topic: High-end Christmas decorations
Replies: 40
Views: 3609

Re: High-end Christmas decorations

bottlecap wrote:
Wed Nov 07, 2018 9:32 pm
Seems crazy to skip the decorations and be "bummed" this year in the hopes of saving 30% on some slim pickings after the holidays.
+1

Get a modest set now,or make your own decorations, and then get a few high end pieces each year when you find them.
by Watty
Wed Nov 07, 2018 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: How much is too much in savings account?
Replies: 17
Views: 3650

Re: How much is too much in savings account?

I would suspect that the money might eventually be used for things like buying a car, a house downpayment, a vacation, moving to a new apartment, etc. If that is the case then a savings account is fine, but you should find one that pays a reasonable amount of interest, some of the local banks pay ne...
by Watty
Wed Nov 07, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Take SS or do Roth conversion
Replies: 7
Views: 944

Re: Take SS or do Roth conversion

Any ideas? A couple of sort of random thoughts. 1) Will you be maxing out all your retirement accounts? 2) Reading between the lines I would suspect that you may have ample means and will eventually leave a significant estate. The estate planning aspects could be very important. You might be in a h...
by Watty
Wed Nov 07, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff Mortgage
Replies: 12
Views: 1464

Re: Payoff Mortgage

dylanand wrote:
Wed Nov 07, 2018 7:03 pm
$1M in non retirement assets
....
Thinking about $100k from Roth IRA and $200k from Assets - About $500k is in MM earning 2%
Why earth would you take the money out of the Roth when you have it sitting in a money market account?


I agree that paying off the mortage makes sense.
by Watty
Wed Nov 07, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Save for future vehicles vs. pay down mortgage
Replies: 11
Views: 500

Re: Save for future vehicles vs. pay down mortgage

I guess I was overthinking it based on interest rates. +1 For a $20,000 car loan the average balance would be $10,000 between the time you buy the car and pay it off. If you manage to get an extra 2% that is $200 which is hardly a life changing amount. That is nice enough but when you look at commi...
by Watty
Wed Nov 07, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: cost to rebuild hvac return in crawl space
Replies: 7
Views: 603

Re: cost to rebuild hvac return in crawl space

I could be that $3,000 is a informal minimum to do projects like that. I once had to have the ductwork replaced in a crawlspace after a flood. Instead of replacing it metal ducts they use flexible ductwork like this; https://www.homedepot.com/p/Master-Flow-8-in-x-25-ft-Insulated-Flexible-Duct-R6-Sil...
by Watty
Wed Nov 07, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?
Replies: 26
Views: 2263

Re: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?

This thread is from 2017 so unless they have access to a Tardis it is too late to give any advice.
by Watty
Wed Nov 07, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Pricing a car sale to a friend
Replies: 7
Views: 516

Re: Pricing a car sale to a friend

I would use Edmunds.com to get both the trade in value and the private party sale value then sell it at the trade in price. https://www.edmunds.com/appraisal/ This is more generous than it sounds since the prices you see on the internet are only averages. For something like a one owner Toyota that w...
by Watty
Wed Nov 07, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Should I wait to deposit my 401k rollover check from Fidelity?
Replies: 14
Views: 833

Re: Should I wait to deposit my 401k rollover check from Fidelity?

I'm always nervous with largish checks in my possession. What happens if I lose it or the dog eats it or I spill coffee on it or it gets stolen or ...? +1000 There are lots more possible problems like the check could get lost in the mail especially during the holiday season and you would need to ge...
by Watty
Wed Nov 07, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 28
Views: 2138

Re: New job concerns

Based on the train schedule, I’ve been taking a 7:15 to work each morning and then a 4:30 home. .... 9-5, but ours is 9-6. With the hour commute does that mean that you are in only in the office from about 8:30 AM until 4:15 PM ? If so then that does not seem like a very long work day even if you o...
by Watty
Wed Nov 07, 2018 9:37 am
Forum: Personal Consumer Issues
Topic: Christmas gift suggestions for 2.5 year old?
Replies: 20
Views: 905

Re: Christmas gift suggestions for 2.5 year old?

For years when my son was small my parents gave us a membership in the local zoo. That worked out really well and we enjoyed it since with a membership we could stop by for an hour or two and not have to worry about what the admission cost. Even when he was a younger teenager that still worked since...
by Watty
Wed Nov 07, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10895

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

When talking about "flyover country" one thing to keep in mind is that even a smallish farm is a million dollar business so it is a lot more complex than thinking of it as some sort of economic wilderness. You mean like a smallish dental office? Do those farms employ financial annalists or speech r...
by Watty
Wed Nov 07, 2018 12:48 am
Forum: Personal Finance (Not Investing)
Topic: How high can House prices go
Replies: 34
Views: 3454

Re: How high can House prices go

One thing about bubbles is that they often go on for longer and get higher than a rational person would think possible. I am curious to learn how the dynamics of house prices work. Another thing to consider is that over time that not only do home prices change but the size and features of the house ...