Search found 15392 matches

by Watty
Wed Aug 15, 2012 10:47 pm
Forum: Investing - Theory, News & General
Topic: Computer Trading vs Indexing
Replies: 14
Views: 3067

Re: Computer Trading vs Indexing

They'll let you in on which stock the system picked this week for the small price of $1,250.00/year. Translation: They will tell you which penny stock they took a position in yeaterday that they will dump as soon as the newsletter comes out. The $1,250 may be the least of his worries. One of the ea...
by Watty
Wed Aug 15, 2012 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Please help: Keep car or lease new one?
Replies: 21
Views: 3548

Re: Please help: Keep car or lease new one?

Without commenting on if any of this a good idea or not, a better option for the car would be to get a car loan on your current car. The last I looked PenFed has them for less than 2%.
by Watty
Wed Aug 15, 2012 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to buy a house
Replies: 7
Views: 1550

Re: Are we ready to buy a house

First, there will be people posting who do not live in a high cost area who will tell you "heck no" or that you should move away from SF Bay area. You'll have to take some of those posts with a grain of salt if you've made the decision to stay in the Bay Area. You must have ESP! Years ago I lived i...
by Watty
Tue Aug 14, 2012 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Advice wanted on home financing question
Replies: 6
Views: 889

Re: Advice wanted on home financing question

3. Is there anything else I should consider in my sell vs. rent decision? If you have been in the house along time then you may qualify for the "homeowners capital gains exclusion" (google this) and you could lose that if you rent the house for too long. You will be running a small business that is...
by Watty
Tue Aug 14, 2012 11:06 pm
Forum: Personal Investments
Topic: 21 Year Old With Good Amount of Savings Seeking Advice
Replies: 11
Views: 2476

Re: 21 Year Old With Good Amount of Savings Seeking Advice

With running your own business you may be able to put a lot of the money you don't need for your business into retirement accounts. There are retirement accounts other than the Roth or IRA that you can use to put away a lot more money than just the Roth or IRA. If you do make a million by the time y...
by Watty
Tue Aug 14, 2012 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Refinancing Church Mortgage
Replies: 11
Views: 1748

Re: Advice on Refinancing Church Mortgage

It opens up a whole can of worms and the paperwork may not be worth it but I have heard of private loans being made by members of the church to finance church loans. This would work best if the loan could be paid off completely in maybe 5 years or so and the church is very financially sound. I was n...
by Watty
Tue Aug 14, 2012 9:59 pm
Forum: Personal Investments
Topic: 23 Years Old, Engineer, Aspiring to Invest to Secure Future
Replies: 66
Views: 7595

Re: 23 Years Old, Engineer, Aspiring to Invest to Secure Fut

You are getting off to a great start. Don't get overwhelmed by learning about investing there are really only three things you can control. 1) How much you save or spend each year. 2) Keeping your investing costs low. 3) Your asset allocation. (both percentages of stock and bonds and also the how mu...
by Watty
Mon Aug 13, 2012 11:08 pm
Forum: Personal Consumer Issues
Topic: Auto registration
Replies: 4
Views: 915

Re: Auto registration

One issue is the state that am from (Colorado) requires auto emission inspection every two years and I believe this is the year to have it done. This happens all the time. Your state will have a procedure for handleing it. Check their DMV web site. Call your insurance company to find out how to han...
by Watty
Mon Aug 13, 2012 11:03 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 18
Views: 3141

Re: What can I do better?

Joint Account with: ..... $10241 in Long-Term Investment-Grade Fund Investor Shares ..... Our goal is to purchase a house in 3-4 years and want to use money in the joint account for a downpayment ... Long term bonds will be clobbered if (when?) interest rates rise. I would not use that for for your...
by Watty
Mon Aug 13, 2012 10:55 pm
Forum: Personal Investments
Topic: Do we have enough to retire?
Replies: 29
Views: 5743

Re: Do we have enough to retire?

Keep in mind that the data supporting the 4% withdrawal rate also shows that in the vast majority of time periods a person would have a large amount left over at death. Nobody can predict the future, either way it goes...higher than anticipated or lower than anticipated. One thing to consider is th...
by Watty
Mon Aug 13, 2012 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security at 62 vs 66
Replies: 53
Views: 10347

Re: Social Security at 62 vs 66

A few things; 1) For people making this decision it would be good to have a really good physical first, probably a more detailed than your annual checkup, then talk over your health with your doctor. 2) Unless there is specific problem that runs in the family then family history may not mean a lot. ...
by Watty
Mon Aug 13, 2012 9:03 pm
Forum: Personal Investments
Topic: Help a worried wife with plan
Replies: 9
Views: 1782

Re: Help a worried wife with plan

3, Are we missing anything substantial? What social security payments can you expect? (You can get this on the social security web site.) If you will be living on $115 in a few years and paying; Higher tax rate. ( When you are retired spending down your taxable account and social security is taxed ...
by Watty
Mon Aug 13, 2012 8:26 pm
Forum: Personal Consumer Issues
Topic: Best way to give your kid a car?
Replies: 14
Views: 2186

Re: Best way to give your kid a car?

My son is out of college now but a few things you might want to add; 1) Make sure she has plenty of spare keys. I don't know about that model but some models have anti-theft features built into the key so to make a duplicate you have to have some numbers that came with the paperwork when you bought ...
by Watty
Mon Aug 13, 2012 5:30 pm
Forum: Personal Consumer Issues
Topic: Concrete Paint - Latex or Epoxy?
Replies: 8
Views: 11104

Re: Concrete Paint - Latex or Epoxy?

I don't remember the brand but I used the epoxy to paint my basement floor about seven years ago and it still looks like the day I painted it. You do need to be obsessive about preparing the floor no matter which type you do. As I recall I spent the better part of a day cleaning the floor several ti...
by Watty
Mon Aug 13, 2012 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed Refi: no contact prior to closing?
Replies: 32
Views: 5649

Re: PenFed Refi: no contact prior to closing?

When we did ours we had an appointment for the lawyer to come out to our house a few days before closing.

I would suspect that a ball got dropped when someone went on vacation.

I would ask for a supervisor if the assistant cannot give you a good answer as to what is going on.
by Watty
Mon Aug 13, 2012 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for selling a house
Replies: 10
Views: 1434

Re: Advice for selling a house

If you are using a real estate agent then let the agent give you direction on what is worth doing since they should know the local market. Be sure to factor in what the delay will cost you. If it takes three months to get it ready then there are lots of costs that you still have to pay each month, a...
by Watty
Mon Aug 13, 2012 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for selling a house
Replies: 10
Views: 1434

Re: Advise for selling a house

^^ Two very good responses. When I've listed properties, I usually interviewed three agents. Four is not out of the question, but you shouldn't need more than that. After listening to three or four agents explain how they market homes, who they think are likely buyers for your house and what they t...
by Watty
Mon Aug 13, 2012 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I be concerned about appraiser?
Replies: 13
Views: 1792

Re: Should I be concerned about appraiser?

Thanks for the responses. I guess I'm thinking we'll be ok LTV wise regardless. Could this appraisal be used in the future? That is, we're not planning to need another appraisal for anything (planning to own outright in 5 years with no future mortgage, HEL, etc) But, plans can change. Could a low a...
by Watty
Sun Aug 12, 2012 11:38 pm
Forum: Personal Investments
Topic: Start saving for home again?
Replies: 5
Views: 1178

Re: Start saving for home again?

Many people rent their entire life and it can work out well for them. When they do this though they need additional savings for retirement to pay their rent in retirement since they will not have a paid off house then. You might consider part of your savings each month to be for a general "housing f...
by Watty
Sun Aug 12, 2012 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Why not use black tarps to protect roof?
Replies: 58
Views: 17005

Re: Why not use black tarps to protect roof?

nisiprius wrote:In the "Big Top" of the circus, is top etymologically the same word as tarp? Tarp with a New England accent? Neither the American Heritage Dictionary nor Flexner's Dictionary of Slang speak to this point.
Try tarpaulin
by Watty
Sun Aug 12, 2012 10:18 am
Forum: Personal Consumer Issues
Topic: computer died?
Replies: 34
Views: 3936

Re: computer died?

If you will be buying a replacment computer from a local store that has any sort of computer staff they can likely transfer an image of your old drive to the new computer for free or for a very small charge. As I recall call of the store like Best Buy and some of the office supply stores have people...
by Watty
Sat Aug 11, 2012 10:54 pm
Forum: Personal Investments
Topic: When it is advantageous to convert to a Roth IRA?
Replies: 17
Views: 4845

Re: When it is advantageous to convert to a Roth IRA?

Also be sure to look at the tax rates and tax laws of the state you will be in when you retire. If you will retire in a state with a higher or lower tax rate then the conversion might be easier or harder to justify. A number of states exepmt all or some of your retirment income after a certain age. ...
by Watty
Sat Aug 11, 2012 1:42 pm
Forum: Personal Investments
Topic: Is my 401k plan a total rip off?
Replies: 17
Views: 3717

Re: Is my 401k plan a total rip off?

I was a bit surprised that even the biggest plans, with an average of 50,000+ employees, still have a total all-in of 0.35% in average. Plans with under 1,000 employees have an average of 0.85% total all-in. Reading that made me feel a bit less aggrievedd about paying 0.92%, when I work at a 200 em...
by Watty
Sat Aug 11, 2012 1:30 pm
Forum: Personal Investments
Topic: If you were a MEDICAL student...
Replies: 18
Views: 2534

Re: If you were a student...

I agree that it might not be so simple. It could also depend on where you are at in college, if you are a freshman and likely to grad school then the best thing to do could be diffent than if you are a senior that will finish up within a year. Your post college plans could also make a difference. So...
by Watty
Fri Aug 10, 2012 8:39 pm
Forum: Personal Investments
Topic: Is my 401k plan a total rip off?
Replies: 17
Views: 3717

Re: Is my 401k plan a total rip off?

In addition to the expense ratios, I found out that GWRS is also charging me another 0.50% annually for account fees, bringing my total expense for the S&P 500 at a whopping (to me, maybe I'm wrong?) 1.10% ER. And today I did some digging around and I found out that the S&P 500 index doesn't even p...
by Watty
Fri Aug 10, 2012 2:20 pm
Forum: Personal Investments
Topic: Inherited IRA Help Needed
Replies: 27
Views: 2668

Re: Inherited IRA Help Needed

You don't "pay RMDs". You withdraw them and get to use them. However, you report the amount of the RMD as income on your tax return and you pay the taxes on that extra income. (Unless this inherited IRA is an inherited Roth IRA.) For clarification, typically with an IRA that is inherited from anyon...
by Watty
Fri Aug 10, 2012 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma:Quit or work
Replies: 22
Views: 2174

Re: Dilemma:Quit or work

livesoft wrote:Here are some things we did.

1. Kids go to bed in the clothes they will wear the next day. This way there is no "getting dressed" in the morning.

:oops:


And I thought that washing out baggies was being too extream.
by Watty
Fri Aug 10, 2012 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma:Quit or work
Replies: 22
Views: 2174

Re: Dilemma:Quit or work

Working or not might not be so black and white a decision, also consider working part time for a few years. Some companies really like having part time employees since they don't have to pay for benifits. Is that $500 a monthly bill, or more frequently? The calculation you need to make is how much i...
by Watty
Thu Aug 09, 2012 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Another student loan vs 401k/Roth question.
Replies: 16
Views: 1808

Re: Another student loan vs 401k/Roth question.

Since you will have moderately lower income in a few years and be in a lower tax bracket then, I would look allocating your extra money based on where you are in the tax brackets now. http://www.obliviousinvestor.com/2012-tax-brackets/ With $250K in income you are likely in the 33% federal tax brack...
by Watty
Thu Aug 09, 2012 8:56 pm
Forum: Personal Investments
Topic: What is best emergency cash option?
Replies: 29
Views: 4004

Re: What is best emergency cash option?

If you have enough money in taxable accounts, one might even forget about segregating separate emergency fund if it would be only 10% of non-retirement accounts. If bad stuff happens, just take it out of wherever it makes the most sense at that point in time. With this approach you keep all of your...
by Watty
Thu Aug 09, 2012 12:30 pm
Forum: Non-US Investing
Topic: New to US (from Australia)
Replies: 16
Views: 2375

Re: New to US (from Australia)

For some of the terminology you might try this web site; http://www.investopedia.com Unfortunately, I'm not in a position to optimize greatly - I'm limited by my unusual circumstances e.g. we are contractually obliged to use the services of the staggeringly incompetent KPMG. They work for my employe...
by Watty
Wed Aug 08, 2012 3:34 pm
Forum: Investing - Theory, News & General
Topic: Retirement Income Reports grossly understated
Replies: 3
Views: 1284

Re: Retirement Income Reports grossly understated

"The survey was conducted in January 2012 through 20-minute telephone interviews with 1,262 individuals (1,003 workers and 259 retirees) age 25 and older in the United States, using random digit dialing along with a cell phone supplement to obtain a representative cross section of the U.S. populati...
by Watty
Wed Aug 08, 2012 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Are these refinance closing fees reasonable?
Replies: 26
Views: 3961

Re: Are these refinance closing fees reasonable?

After reviewing the responses (thanks!), I think the 5/5 ARM penfed loan is best for me. Given my timeline for pay off, no closing cost is best scenario for me, even if the rate accounts for the lack of closing cost. So I am about to get started on the penfed process. I was searching the internet a...
by Watty
Wed Aug 08, 2012 2:48 pm
Forum: Personal Investments
Topic: Inheriting $200k.... what to do?
Replies: 19
Views: 2782

Re: Inheriting $200k.... what to do?

I don’t know what the ideal solution is but this is what I would do. Paying off the credit card and the car loan is an easy choice, that is $22K which leaves $178K Deferred maintenance on a house if often more expensive over the long run and it sounds like most of the repairs will need to be done so...
by Watty
Tue Aug 07, 2012 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign Exchange - US/AUS Dollar?
Replies: 7
Views: 592

Re: Foreign Exchange - US/AUS Dollar?

If you are looking to buy paper currency for another country in the US you are going to pay dearly for it. I've looked into this several times for both Euro's and Mexican Pesos which should be a lot easier to get and they were still way overpriced. You can get some currency through AAA but their pri...
by Watty
Tue Aug 07, 2012 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is it dangerous to write a check?
Replies: 64
Views: 7533

Re: Is it dangerous to write a check?

It isn't any more dangerous now than it has been for the last 25 years. In the past if someone had your paper check with the account numbers they could just print up a check with your numbers on it and go on a spending spree. Once laser printers became common this become very easy to do. Before that...
by Watty
Tue Aug 07, 2012 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: What is the worst job you have ever had?
Replies: 87
Views: 7394

Re: What is the worst job you have ever had?

Not a bad job but I felt sort of bad about how I got it. One summer in college I had worked in the kitchen of a large nursing home. The next summer my plans changed at the last minute and I needed a summer job so I dropped by the nursing home to see if they had any openings. After talking to the man...
by Watty
Tue Aug 07, 2012 8:18 pm
Forum: Non-US Investing
Topic: New to US (from Australia)
Replies: 16
Views: 2375

Re: New to US

1. I understand that the Accounts above refer to retirement accounts. Since we aren't permanent residents can I assume none of this applies to us? What do we do with the 401k plan? Can money be withdrawn from this if/when we leave the US? I would not automatically assume that there is not a way to ...
by Watty
Tue Aug 07, 2012 7:48 pm
Forum: Personal Investments
Topic: Rookie in need of some advice
Replies: 5
Views: 1145

Re: Rookie in need of some advice

You may want to consider the Target Retirement Income Fund. Minimum initial investment is $1,000. It's roughly 30% stocks / 70% bonds/cash. https://personal.vanguard.com/us/funds/snapshot?FundId=0308&FundIntExt=INT +1 that was what I was going to say. Be sure to see the wiki section on getting star...
by Watty
Tue Aug 07, 2012 11:48 am
Forum: Personal Investments
Topic: How much do you save?
Replies: 44
Views: 6848

Re: How much do you save?

I am considering reevaluating my savings/investment percentages and was wondering what bogleheads do? Age: 25 Annual Income: $65K Investment contribution per month: $742.23 (Roughly 14%) General Savings per month: $400 (Roughly 7.5%) Christmas Fund per month: $200 (Roughly 4%) So far, I've accumula...
by Watty
Tue Aug 07, 2012 11:25 am
Forum: Investing - Theory, News & General
Topic: How long does your advisor get paid
Replies: 10
Views: 1055

Re: How long does your advisor get paid

megaluke wrote:Highway robbery.

If they are putting you into good low cost investments then that is more like a toll road. :beer



Some of the things that people post about are really "highway robbery".
by Watty
Mon Aug 06, 2012 11:14 pm
Forum: Personal Investments
Topic: How are my 401k options? Max out, or invest elsewhere?
Replies: 9
Views: 1430

Re: How are my 401k options? Max out, or invest elsewhere?

If you are eligible for a deductible IRA you might stick with that for now to help build up your retirement funds quicker. Clarification on this; In the combined 33% tax bracket you can either put $1500 in a deductable IRA or $1000 in a Roth and pay $500 in taxes. The OP is in NJ, which doesn't all...
by Watty
Mon Aug 06, 2012 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Daycare or buy house for parents?
Replies: 24
Views: 2558

Re: Daycare or buy house for parents?

It's getting late so someone please tell me my calculations are off. Twp parts you are missing in your calculations are; 1) It ignors that your parents could do day care for other people where they live now and have some decent income. How do your parents come out ahead compared to that if you don'...
by Watty
Mon Aug 06, 2012 10:03 pm
Forum: Personal Investments
Topic: How are my 401k options? Max out, or invest elsewhere?
Replies: 9
Views: 1430

Re: How are my 401k options? Max out, or invest elsewhere?

If you are eligible for a deductible IRA you might stick with that for now to help build up your retirement funds quicker.
Clarification on this;

In the combined 33% tax bracket you can either put $1500 in a deductable IRA or $1000 in a Roth and pay $500 in taxes.
by Watty
Mon Aug 06, 2012 9:42 pm
Forum: Personal Investments
Topic: How are my 401k options? Max out, or invest elsewhere?
Replies: 9
Views: 1430

Re: How are my 401k options? Max out, or invest elsewhere?

Questi ons: 1. How are my 401k options? The expense ratios seem a bit high. 2. If these options are bad, should I still max out my 401k, or would it be better to invest this money elsewhere (i.e. post-tax)? 3. What do you think of my current allocation given my age? Should I change anything? Your op...
by Watty
Mon Aug 06, 2012 8:11 pm
Forum: Personal Consumer Issues
Topic: Wanting to become a faster reader
Replies: 26
Views: 2774

Re: Wanting to become a faster reader

I have not measured it but I am pretty sure that I read faster on my e-Ink kindle since in addition to the font, and font size there are a few other adjustments that you can make to how the words are displayed.
by Watty
Mon Aug 06, 2012 7:34 pm
Forum: Personal Investments
Topic: Help with Wife's Horrible 401(k) Options
Replies: 46
Views: 5753

Re: Help with Wife's Horrible 401(k) Options

Most employer plans waive the load. Find out for sure if hers does or does not. Franklin Income ( FKINX ) is a decent fund and the least expensive option. Even the expense ratios may be better within the 401K. You need to get the numbers from the paperwork they provide or when you are signed on in ...
by Watty
Mon Aug 06, 2012 12:18 pm
Forum: Personal Investments
Topic: 401k to IRA - withdrawal for new home purchase?
Replies: 13
Views: 1159

Re: 401k to IRA - withdrawal for new home purchase?

We've met 3x with them (there are 2 of them) and so far they have pushed Whole Life, and Term (at a higher rate than I imagined) You don’t have financial advisors you have salespeople posing as financial advisors. Ask them for a written statement of; 1) How they are compensated, including all their...
by Watty
Sun Aug 05, 2012 10:52 pm
Forum: Investing - Theory, News & General
Topic: where to learn
Replies: 22
Views: 2459

Re: where to learn

I do better with a dvd or something online that I can replay..books and I dont do good..thanks any more suggestions My wife is dyslexic struggles to get through written material too so she uses audio books that she can get through the library. One of the problems with this for financial books thoug...
by Watty
Sun Aug 05, 2012 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: parents - did you quit work to start a family?
Replies: 46
Views: 3846

Re: parents - did you quit work to start a family?

I know a lot of people don't have a choice and they have to leave their infants in day care in order to make ends meet but if you get by on one income for a few years then I would encourage one of you to stay home with your kids while they are infants because there is so much development that goes o...