Search found 14289 matches

by Watty
Tue Aug 02, 2011 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Pay rental mortgage on 15 year schedule vs. current 30 year
Replies: 8
Views: 1618

You already have positive cash flow even before considering depreciation and other tax advantages (excluding things like maintenance and occasional vacancies) which is good. You have a good interest rate at least until it unlocks. Instead of paying down the mortgage I would consider putting as much ...
by Watty
Mon Aug 01, 2011 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice Needed..Leaving Earth Tomorrow
Replies: 28
Views: 4528

If you have good credit you can get a mortgage at well less than 5%.

The number one priority should paying down the mortgages enough to be able to refinancing the mortgage

Greg
by Watty
Mon Aug 01, 2011 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Does it pay to claim Social Security Benefits Later?
Replies: 57
Views: 7661

My understanding is that they adjustment for starting social security early or should be actuarially neutral but there is at least one problem with this. The adjustment for the age when you start receiving social security does not take gender into account. A 62 year old woman will statistically live...
by Watty
Sun Jul 31, 2011 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: I need major help -- in a panic
Replies: 36
Views: 6379

The will, etstate planning and trusts are as solid as can be and that is all set. As late posters commented, I have read EVERYTHING. I think I can go this alone. I have selected an allocation that I will sleep on for a few weeks with implementation planned for Sept 1. It will be 50 percent bonds, 3...
by Watty
Sun Jul 31, 2011 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Web/Online calculators: When to Collect Social Security?
Replies: 29
Views: 12478

Another suggestion. I was looking through my report again and I noticed something else that would be useful to include. At the top of the report it prints the monthly benefit at the full retirement age. It would be useful if you also printed the adjusted benefit amounts at the early or delayed ages ...
by Watty
Sat Jul 30, 2011 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Seasonal home for 2-3 months a year....maybe?
Replies: 8
Views: 1817

I am not there yet but one of the things I have thought about doing when I am retired it to find summer subleases in college towns to see different parts of the county. In some college towns you can find the summer rentals extremely inexpensively when most of the students are gone for the summer. So...
by Watty
Sat Jul 30, 2011 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing at Work
Replies: 28
Views: 5631

So--has anyone reading this been in a similar position, and can you offer any advice/suggestions? It is time to start looking hard for a new job or to try starting up your own business on the days that you are not working. If you can make ends meet for the time being, it gives you the time to wait ...
by Watty
Sat Jul 30, 2011 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: eBay Seller: Buyer has no feedback, looks fishy...
Replies: 34
Views: 5008

Any word on how this turned out?
by Watty
Sat Jul 30, 2011 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: I need major help -- in a panic
Replies: 36
Views: 6379

She is right to worry about you being taken advantage of by people who will take advantage of you, but the with your situation you are in way too complex of a situation to "do it yourself" all by yourself because of all the complex trust and tax situations, especially if you still have some company ...
by Watty
Sat Jul 30, 2011 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall confusion
Replies: 14
Views: 1912

Re: Windfall confusion

So Iam thinking of moving everything to Vanguard and asking them for recommends and kicking back or dumping it all into one of their Targets plus a few add ons like Tips and Reits. I need planning advise along with asset advice and think VG can do all this? I have not used them for advice but this ...
by Watty
Sat Jul 30, 2011 2:16 pm
Forum: Personal Consumer Issues
Topic: Best Places in the World to Travel
Replies: 38
Views: 6190

I'm planning on taking a trip this winter but have yet to decide where. I'd like to go someplace that has some of the following: warm, nice beach, culture, hiking / outdoors activities, good place for photography, somewhat easy to get around, safe It probably wouldn’t work for the middle of winter ...
by Watty
Fri Jul 29, 2011 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Web/Online calculators: When to Collect Social Security?
Replies: 29
Views: 12478

I also ordered mine and I wanted to give you my complements, it is very nicely done. I do have one suggestion. Maybe I missed it but it was not entirely clear to me if the age “planning horizon” that you use in the calculations of say 82 years old, was the only number that was used in the calculatio...
by Watty
Thu Jul 28, 2011 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Such a thing as saving too much?
Replies: 46
Views: 6905

Yes in addition to possibly not living long enough to retire there probably an even larger chance that by the time you are the normal retirement age that you or a spouse will have health issues that could prevent you from fully enjoying your retirement. One strategy that might work for you is to ope...
by Watty
Thu Jul 28, 2011 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: Young poker player, lots of cash and variable income
Replies: 42
Views: 8613

I would start out buy reading the book “The Bogelheads Guide to Investing”. You can find it under the Amazon link in the top right corner of the page. I really hate to say it since (except for immediate annuities) most annuities are terrible fee laden commission bloated underperforming toxic investm...
by Watty
Thu Jul 28, 2011 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on I/O ARM mortgage
Replies: 4
Views: 984

It might seem obvious, but check to see if the condo association will allow it to be rented. Even if other condos are rented there can still be restrictions about how many condos can be rented. This is a surprisingly common restriction because the percent of condos that are rentals is looked at by l...
by Watty
Thu Jul 28, 2011 3:30 pm
Forum: Personal Consumer Issues
Topic: Can I build my own PC?
Replies: 47
Views: 4759

My son's computer needs replacing. He is 10 and I thought we could have a nice experience, together, by building his replacement computer. If it is mainly the experience that you are looking for and not just to save money for then you might consider what my son and I did when he was a few years old...
by Watty
Thu Jul 28, 2011 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Housing dilemma
Replies: 34
Views: 5229

A colleague of mine recently bought a home at 15 yr 4% interest. The reality of such low interest rates is also alluring but why shouldn't I take that into consideration? Why would it be an irrational thing to take into account such low interest rates now? It gets complex. The problem is that if in...
by Watty
Wed Jul 27, 2011 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: The time has come to fire the broker!
Replies: 100
Views: 12991

You need to pause and understand the details of the situation before you do anything and make the move smartly. You could have; 1) Mutual funds with back end loads that you could dodge by leaving the money there a bit longer. 2) Short term capital gains that you could convert to long term gains by l...
by Watty
Wed Jul 27, 2011 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: IRA beneficiaries
Replies: 12
Views: 2221

Alan and Watty, Thanks for the additional details. Is there any difficulty in maintaining the inherited IRA as separate accounts at Vanguard alongside her own existing IRA's there? Thanks, Billy T If the inherited account is from a spouse then they would have the choice of either keeping it as an i...
by Watty
Wed Jul 27, 2011 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Career Decision
Replies: 9
Views: 1708

Total short term losses would be nearly $70-80k, but by the time I'm out of the residency, I will have a job paying $40k more than my current job would be in a few years, and it would skyrocket from there to a point of making easily $100k more per year than I will ever be able to make in this curre...
by Watty
Wed Jul 27, 2011 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Soon to be college student wanting to start some investing
Replies: 25
Views: 2598

The Vanguard Star fund is set up with low minimums for people to get started in. It does and an annual low balance fee of around $20 but you can avoid this if you get your statement electronically.
by Watty
Tue Jul 26, 2011 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Buy now or wait till winter?
Replies: 6
Views: 1861

I don't know about that area but I would suspect that the correct answer is "None of the above." DC could be different but in most areas the best deals are in existing homes that have are in some level of foreclosure, or the seller is motivated and has to sell in a bad market. If he does have a new ...
by Watty
Tue Jul 26, 2011 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: IRA beneficiaries
Replies: 12
Views: 2221

Yes - but will she? Not being facetious - if you want to ensure the remainder passes to your children you need a trust vehicle - else she could make the beneficiaries anyone she wants after you are gone. That could be dangerous advice. The problem is that naming a trust as a benificary of an IRA is...
by Watty
Tue Jul 26, 2011 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Housing dilemma
Replies: 34
Views: 5229

If you do want the house to work for future generations you need to think about how they will live together at various ages. If you have children when you are 30, then live to be 90, your kids will be 60 when they inherit the house. Most likely they will already have settled somewhere else and not w...
by Watty
Mon Jul 25, 2011 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Assistance
Replies: 19
Views: 4397

1. Due to my retirement timeline (35 years), would it be prudent to use an 80/20 asset allocation instead of 70/30? Given that you are 30, if you retire at 65 and live to be 95, then your retirement timeline is really 35 to 65 years. With that timeline I would go with the 80/20 allocation, especial...
by Watty
Sun Jul 24, 2011 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Why Do People Buy Late Model Used Hondas/Toyotas?
Replies: 64
Views: 8831

And with many dealers you can't be sure you'll get the offered price until you're in the final end game.
Make that through the end game. I have had them find math "mistakes" and try to add hundredes of dollars at the very last minute.
by Watty
Sun Jul 24, 2011 10:48 pm
Forum: Personal Consumer Issues
Topic: Need help with water in the basement and carpet
Replies: 11
Views: 2803

How old is the carpet and how much would it cost to just replace it? To be on the safe side it could be that the best solution is to not mess with it and take it out and have it replaced after everything else has dried real well. When you eventually resell the house you wil likely have to disclose t...
by Watty
Sun Jul 24, 2011 9:43 pm
Forum: Investing - Theory, News & General
Topic: Living in Silicon Valley
Replies: 42
Views: 5585

Re: Living in Silicon Valley

I have lived and worked in Silicon Valley for 14 years. The area is quite extended. The cost of real estate is nowhere near the same in San Jose as it is in Palo Alto. Certainly, if you extend Silicon Valley to include all of San Jose, you can live as cheaply as any other part of the US. Here's a 2...
by Watty
Sun Jul 24, 2011 9:19 pm
Forum: Investing - Theory, News & General
Topic: Living in Silicon Valley
Replies: 42
Views: 5585

I remembered another big reason I choose not to buy a house in Silicon Valley, that was the possibility of there being an earthquake that could damage the house and leave me in a precarious financial position. This could also be a factor in deciding to retire there or not. Oddly enough the possibili...
by Watty
Sun Jul 24, 2011 4:35 pm
Forum: Investing - Theory, News & General
Topic: Living in Silicon Valley
Replies: 42
Views: 5585

If you own your house free and clear in the Bay Area - it's no more expensive than the rest of CA - I would expect most Bogleheads own their house when it comes time to retire - in fact, due to prop13, if you have owned the house for a long time the property tax can be very cheap relative to other ...
by Watty
Sun Jul 24, 2011 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Simplest way to freeze credit? Other steps to take?
Replies: 4
Views: 1149

Check the Clark Howard web site on how to do the freeze. There are a number off steps to get the long term credit freeze but there is a different "fraud alert" that you should be able to get added pretty quickely. Call all the credit card companies immediately to have them issue new cards and accoun...
by Watty
Sun Jul 24, 2011 4:05 pm
Forum: Personal Consumer Issues
Topic: Used SUV ideas?
Replies: 21
Views: 1838

Owning a decent SUV is my one act of preparation for a natural disaster. I want to be able to drive out of the damage zone fairly easily. That means I want to be able to go over curbs, across small tree trunks, through high water, and big rocks on the way out. Our Toyota station wagon would have pr...
by Watty
Sun Jul 24, 2011 3:53 pm
Forum: Investing - Theory, News & General
Topic: Living in Silicon Valley
Replies: 42
Views: 5585

I used to live there. There are three big problems with living in Silicon Valley for the long term; 1) If you have kids they will likely have to move away because they can't really afford to live there with a normal job. 2) The house prices seem to be driven by high salaries, but the current low int...
by Watty
Sun Jul 24, 2011 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Why Do People Buy Late Model Used Hondas/Toyotas?
Replies: 64
Views: 8831

Who buys these late model used cars for the same price that, with several hours of research and visits to 2-3 dealers, you can get for a brand new car? In some states if you buy a used car from a private seller, or with other limitations, you do not have to pay sales tax. Another factor against use...
by Watty
Sun Jul 24, 2011 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Airline or hotel rewards credit card
Replies: 6
Views: 1152

British Airways has an ongoing promotion that gives 50K miles when you sign up. This is enough for a ticket to Western Europe. I got the deal earlier this year when it was 100K miles for a while. It also does not have a foreign currency transaction fee which most other cards have now. These miles ca...
by Watty
Sun Jul 24, 2011 12:26 am
Forum: Personal Finance (Not Investing)
Topic: Should we help and if so how?
Replies: 35
Views: 4416

If you are going to make them a large gift you need to watch out about gift taxes where you could end up owing taxes because of the gift. Even if they live in a recourse state, if they declare bankruptcy I would think that that would give them a fresh start. They might also be able to get their lend...
by Watty
Fri Jul 22, 2011 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Moving out of country, what to do with health insurance?
Replies: 16
Views: 4147

...I just called again and they told me they would accept certificate of credible coverage from EU in English, but now need to find out if I could get this from EU..... I an not sure what the problem is then. Couldn'y you just; 1) Keep your current insurance for a few months until your EU insurance...
by Watty
Fri Jul 22, 2011 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Refi decisions
Replies: 12
Views: 1757

With your income an alternative to look at would be to a low cost refinance to a 5 year ARM at probably less than 3% and have it paid off within about five years when the rate unlocks. Even if it took a year or two longer, your balance could be so low that any increase in the interest rate when it u...
by Watty
Fri Jul 22, 2011 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: US Mint stops credit card abusers - no more CC purchases
Replies: 56
Views: 7045

Re: US Mint stops credit card abusers - no more CC purchases

Who really needed to buy these coins in the first place? Not sure this ruined it for anyone except the abusers. I am going to guess those that need it will still be able to buy it through a debit card or ACH. The end goal may have been to eliminate the dollar bill in order to save on costs of produ...
by Watty
Thu Jul 21, 2011 10:48 pm
Forum: Personal Consumer Issues
Topic: Dead grass pattern - mystery
Replies: 37
Views: 6891

Since it isn’t a problem you might not want to find out what is.

If it turns out to be part of an old farm building there could be something like an old heating oil or gas tank that could be expensive to take out.
by Watty
Thu Jul 21, 2011 9:59 pm
Forum: Personal Consumer Issues
Topic: TheStreet Article: How a vacation hurts your future
Replies: 111
Views: 12255

One of the things I realized a few years ago was that since I had no debt other than a very modest mortgage, was that most of each paycheck was not prespent on bills that would be due soon. This means that when I have paid vacation time from work that most of that vacation pay could actually go towa...
by Watty
Thu Jul 21, 2011 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Need a PC...Clueless what to buy. Advice?
Replies: 51
Views: 7818

For the basic processing you mentioned any processor being sold on a new computer would be fine. Look for the System 7 Home Premium operating system At least 3 GB of memory The disk drive should be at least 200GB but will likely be much larger. I would avoid the all in one systems, the problem is th...
by Watty
Thu Jul 21, 2011 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Moving out of country, what to do with health insurance?
Replies: 16
Views: 4147

You need to check the details of your EU health plan. I didn't pay much attention but I vaguely recall some posts on a different travel board where someone mentioned that when they were traveling out of their country(the U.K. ???) that they had to buy special travel insurance to cover trips to other...
by Watty
Thu Jul 21, 2011 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: owning a home in a trust for privacy reasons
Replies: 29
Views: 3260

One thing to check on is that in some situations you may not get certain property tax exemptions if the property is held in the name of a trust and not your own name. This may happen when exemptions are only valid for owner occupied primary residences and some types of trusts will be OK for this, bu...
by Watty
Tue Jul 19, 2011 11:32 pm
Forum: Personal Consumer Issues
Topic: Pizza Math -- beware, this is dorky
Replies: 50
Views: 8220

An alternative to using the size of the pizza would be to go to each of the company’s web site and find out how many calories there are per pizza. This would be a good indicator of how many ingredients there are and how filling each pizza would be. If they give the full nutrition info, then the carb...
by Watty
Tue Jul 19, 2011 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse working part time to contribute to retirement?
Replies: 5
Views: 1074

If she could be self-employed in her own business, or work as a contractor instead of as an employee then she would be eligible for all sorts of retirement accounts and that she could put lots of money into. For a few years when my son was a pre-schooler my wife did daycare in our home for up to two...
by Watty
Tue Jul 19, 2011 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for Cash Back Credit Card
Replies: 38
Views: 10955

When you are about to buy something large with a credit card be sure to ask if you can get discount for paying cash. You might get more than the rebate would be. If you happen to own a Subaru there is a Subaru Mastercard that pays 3% in “Subaru Bucks” coupons up to $500 a year. What is good about it...
by Watty
Mon Jul 18, 2011 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Optimal Age of Used Car for Value (infrequent driver)?
Replies: 27
Views: 6573

The older a car is the less important the ratings are and the more important the condition of that specific individual car is. I would keep an open mind and not look for just one specific model but identify a handful of acceptable models and watch for the best deal on one of those. Since you are goi...
by Watty
Mon Jul 18, 2011 4:30 pm
Forum: Personal Consumer Issues
Topic: At My Wits End (Condo Association)
Replies: 7
Views: 2111

Noises can be hard to track down. Be sure to read this "Noise in my Attic" thread; http://www.bogleheads.org/forum/viewtopic.php?t=62092&highlight=ghost I would encourage you to talk to the people on the board in person as much as possible to try to keep them from becoming defensive. In a condo asso...
by Watty
Mon Jul 18, 2011 4:08 pm
Forum: Personal Consumer Issues
Topic: Weighing in on the cost vs. worth of returning to school
Replies: 21
Views: 2564

Be sure to keep an eye out for an employer that will assist you with your college tuition and that might be flexible with what hours you work. You might be able to find a job where you would be working in a related job while you work on your degree.