Search found 13803 matches

by Watty
Sun Jan 30, 2011 1:00 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell penny stock with substantial capital loss?
Replies: 16
Views: 3034

I was just doing my taxes and I was able to take a $3,000 deduction off my ordinary income because of some losses I took two years ago when the market was way down. If you are in a combined federal and state tax bracket of 20%, that is worth $600. Sell it to get the deduction like this on next years...
by Watty
Sun Jan 30, 2011 12:49 am
Forum: Investing - Help with Personal Investments
Topic: Newbie investing with higher income.
Replies: 63
Views: 5705

<I>... No, I will not sell my part of an incredibly profitible worldwide company. Why would I do that?.....</I> Maybe not now, but think about when you are 70. Since you don't have any kids to inherit it, the question then becomes what to do with your stock in the company when you are retired and ne...
by Watty
Sun Jan 30, 2011 12:33 am
Forum: Investing - Help with Personal Investments
Topic: What is the best way I can invest $500K?
Replies: 56
Views: 8747

Post subject: What is the best way I can invest $500K?

Carefully. :lol:



Seriously, at the top of the forum there is a "sticky" post that is always at the top which gives guidelines about how to best ask questions like this in a way and with enough information to get useful responses.

Greg
by Watty
Sun Jan 30, 2011 12:28 am
Forum: Personal Consumer Issues
Topic: Presidential $1 Coins: Like or Dislike
Replies: 37
Views: 3226

They made a huge mistake in making the Susan B Anthony dollar too close in size to the quarter and they keep making the new version of the dollar the same size which is why so many people do not like them. I looked it up an a quarter is has a diameter of 24.26 MM with a radius of 12.13 mm The dollar...
by Watty
Fri Jan 28, 2011 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Renter interview
Replies: 27
Views: 4140

<I>....Eighteen months ago I became a landlord with the house I had lived in for 25 years......</I>

Are you getting close to the point where you will lose the homeowners capital gains tax exculusion?

It might be time to sell if you are.

Greg
by Watty
Fri Jan 28, 2011 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Just married: now what?
Replies: 28
Views: 3813

One thing that I didn't see mentioned was that you had already checked both your credit reports and credit scores. It would be good to do this soon so that there is plenty of time to correct any errors before you will buy a house. Automatically merging everything is great when you are 21 and have fe...
by Watty
Fri Jan 28, 2011 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Any ideas to reduce AGI by $100? 600% marginal tax.
Replies: 18
Views: 2498

People often miss the lifetime learning credit when they take just one class or a qualified seminar that they pay for.

Her job hunting expenses and some millage, may be deductable.

Greg
by Watty
Thu Jan 27, 2011 4:19 pm
Forum: Investing - Theory, News & General
Topic: Paying off Mortgage Early?
Replies: 37
Views: 6985

Another way to look at the decision about paying it off is to look at it from as asset allocation perspective. If putting another $100K into home equity would put the percentage of your net in home equity above twenty or thirty percent then that would be a red flag to me to be cautious about doing i...
by Watty
Thu Jan 27, 2011 3:56 pm
Forum: Investing - Theory, News & General
Topic: The evolution of investing over the decades...
Replies: 30
Views: 3974

One of the possibilities that I am interested in is "fundamental index funds" (google this) that use something other than market capitalization to determine how much of each stock to hold. Typically an index fund will do something like look to the total market cap of all S&P500 stocks and buy a prop...
by Watty
Thu Jan 27, 2011 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best way to help my daughter buy a condo/coop
Replies: 47
Views: 5134

but nice studios are around $450,000...... Rent for a studio is around $1500+.
I would guess that the mortgage payment+condo fees+ property tax+ etc will be well north of $3,000 per month even after any tax advantages.

What a deal!

Greg
by Watty
Tue Jan 25, 2011 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: help me save a friend from making a big mistake
Replies: 24
Views: 3012

this without the # of early years more til retirement is part of what i initially told him... and he shrugged it off

Instead he could buy a $120K car for his 65th birthday !


Greg
by Watty
Tue Jan 25, 2011 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: help me save a friend from making a big mistake
Replies: 24
Views: 3012

im sitting here now showing him this thread.... hopefully it sinks in!!!! If he has the money invested in stock and bonds then it will likley double in real inflation adjusted dollars about every ten years. (more or less) This means that that $10K would double about three and a half times by the ti...
by Watty
Tue Jan 25, 2011 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: help me save a friend from making a big mistake
Replies: 24
Views: 3012

Don't forget any state taxes. He can use tax software like tax act or turbo tax to make a dummy tax return to see how much it would cost at both the federal and state level. In addition to the taxes the change in income may also affect other things on the return that are only apply when you are belo...
by Watty
Tue Jan 25, 2011 12:03 am
Forum: Personal Consumer Issues
Topic: Europe trip- go east or west
Replies: 16
Views: 2191

<I>.... Either way, we'd just get rid of the cars, and fly home from there.....</I> It sounds great but getting rid of the cars could be tricky in some countries, the problem is that you bring a car into the country and don't have it when you leave, they may charge you a large import duty. I don't k...
by Watty
Mon Jan 24, 2011 11:26 pm
Forum: Investing - Theory, News & General
Topic: 30 year TIPs yield at 1.98%- back up the truck, beep, beep..
Replies: 501
Views: 113053

I've only owned TIPS fund in my tax advantaged accounts, never owned the individual issue. Tips can be a problem outside of your tax advantaged accounts because of the way that the inflation adjustmnet is taxed each year, and the interest paid is also taxed each year. I would only keep them in the ...
by Watty
Mon Jan 24, 2011 8:20 pm
Forum: Investing - Theory, News & General
Topic: 30 year TIPs yield at 1.98%- back up the truck, beep, beep..
Replies: 501
Views: 113053

<I>....As far as SWR rates, it only takes 1.3% IRR to get 4% real for 30 years. A lot of the analysis I had done, when I plug in 2% real everything works out OK. ....</I> People often forget that a portfolio of 0% TIPS would allow you to withdraw 4% for 25 years about as risk free as possible if it ...
by Watty
Mon Jan 24, 2011 4:46 pm
Forum: Personal Consumer Issues
Topic: Savannah, Georgia
Replies: 17
Views: 2743

They frequently have events like art festivals in the parks a few blocks from the main downtown area. Be sure to check the schedule to see if there is something of interest to you or you might miss it. As I recall the Bonaventure Cemetery is a little tricky to find if you don't have a good map and k...
by Watty
Mon Jan 24, 2011 2:39 pm
Forum: Personal Consumer Issues
Topic: Has anyone from the US moved to Australia?
Replies: 24
Views: 4964

I briefly toyed with the idea a few years ago but didn't do it. One thing that I did find was that is gets much more difficult to get a work visa once you reach your mid-forties because of age restrictions so if you are anywhere near that age then you may need to do it soon before you become too old...
by Watty
Sun Jan 23, 2011 11:19 pm
Forum: Investing - Theory, News & General
Topic: Is a Treasury Default Possible?
Replies: 36
Views: 3757

of course in the firing up the printing presses scenario, it would make TIPS awfully attractive. Even TIPS paying 0%. The faster they printed in a technical default, the more they would have to adjust the TIPS... I would suspect that the offical inflation rate used for the TIPS adjustment would gre...
by Watty
Sun Jan 23, 2011 11:05 pm
Forum: Personal Consumer Issues
Topic: Best route going north through Atlanta and thru St Louis
Replies: 9
Views: 6670

If you are not traveling on a weekend then to get though the traffic here in Atlanta it would be best to get through town between about 10:00 am and 3:00 pm to avoid the worst of the traffic. In the evening it really doesn't get moving well again until maybe 8:00 pm some nights. Nashville can also h...
by Watty
Sun Jan 23, 2011 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Question for those married: do you have separate accounts?
Replies: 90
Views: 11922

We tried having one joint account but it was a hassle to try to keep track of what each of us had written checks for or when we used the ATM and we even bounced a check once because we lost track of who had spent what. Eventually we went to two "his and hers" joint checking accounts but the money is...
by Watty
Sat Jan 22, 2011 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Gold falling! Any predictions?
Replies: 47
Views: 6016

Re: Gold falling! Any predictions?

Is this the bursting of the bubble or just another dip on the road to $2000 for gold. Usually when I sell gold the price goes up and when I buy it goes down. This move is not my fault I haven't bought or sold any gold recently. Can anyone else take credit or is the bubble finally popping? BearWolf ...
by Watty
Sat Jan 22, 2011 9:09 pm
Forum: Personal Consumer Issues
Topic: International travel for work
Replies: 55
Views: 5445

Lots of good info, One thing that travelers sometimes have trouble with is that some countries require that there six months remaining on your passport to let you into the country. Be sure to renew yours well before it expires. Likewise check the expiration dates on you drivers license, credit cards...
by Watty
Fri Jan 21, 2011 9:29 pm
Forum: Personal Consumer Issues
Topic: Buying a car through Costco
Replies: 34
Views: 12596

soaring wrote:Compare prices with this link.

http://amexnetwork.zag.com/main.html

Here is a link to another web site about my buying a car through them last spring.

http://boards.fool.com/online-new-car-b ... 14680.aspx

Greg
by Watty
Fri Jan 21, 2011 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Skimpy company match - worth pursuing?
Replies: 14
Views: 1704

I did a quick spreadsheet of the growth of 1000 at 10% verses 1100 at 9% and the lower expenses don't make up for the 10% match until the end of year 10. year 10% 9% Difference - 1,000 1,100 100 1 1,100 1,199 99 2 1,210 1,307 97 3 1,331 1,425 94 4 1,464 1,553 89 5 1,611 1,692 82 6 1,772 1,845 73 7 1...
by Watty
Fri Jan 21, 2011 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Skimpy company match - worth pursuing?
Replies: 14
Views: 1704

The likely alternative is contributing to an IRA with no match which lot of people do. I agree that it really depends on what investment options she has in the 401k. Even if there are only dogs with expense ratios 1% higher than they should be, then it would take around ten years to eat up the 10% m...
by Watty
Fri Jan 21, 2011 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house - need some advice
Replies: 18
Views: 2995

I would only be using funds from money market accounts and savings accounts so nothing is tax-protected. I am maxing out my Thrift Savings Plan and Roth IRA (actually already made my contribution this year which could have helped for the cash purchase - oops). With very few limitations you can with...
by Watty
Thu Jan 20, 2011 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Large Inheritance. What do I do with it?
Replies: 60
Views: 8744

Putting the money into bonds or bonds funds have been mentioned several times. The problem with this is that longer term bonds can lose a lot of value if interest rates rise. For the next year I would not put the money into anything that involves bonds longer than about 3 to five years if even that ...
by Watty
Wed Jan 19, 2011 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: HERESY: Help Me Raid My 401k
Replies: 50
Views: 6611

So far the real numbers have been pretty vague but if the OP is an area where a condo is reasonably priced, like maybe $150K, then there may be other options for raising the money need to be able to refinance. For example if they have a paid off car or two then they could get car loans from a regula...
by Watty
Wed Jan 19, 2011 10:06 am
Forum: Personal Finance (Not Investing)
Topic: make sense to max-out 401K when semi-retired ?
Replies: 15
Views: 1993

When you look at the OP's whole strategy, he might actually be reducing his Traditional balances if he is converting to Roth more than he contributes to the 401(k) - that in effect reduces his future RMDs and gives him more tax flexibility, assuming that his Roth balances are significantly lower no...
by Watty
Tue Jan 18, 2011 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Timing the housing market?
Replies: 42
Views: 4497

Rent out current place. wait until prices go up (5 - 15 yrs?) sell current house at a relative profit. If it is really likely to happen, why not buy a neighbor's house as a rental to make the same money. It sounds a lot riskier that way doesn't it? If you wouldn't buy a house in your current neighb...
by Watty
Tue Jan 18, 2011 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Kiplinger's Retirement Report
Replies: 12
Views: 5297

We just an offer for Forbes magazine for $8 a year, senior rate. We're not seniors (almost) but I figure for $8 we'll bite and just cancel next year. I've gotten some of those offers for magizines at a 'select" or "profesional" rate. They can be a good deal but you need to read the fine print becau...
by Watty
Tue Jan 18, 2011 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Savings bond?
Replies: 9
Views: 1745

I believe that if she cashes in the EE bonds when shes older for education,their are no taxes on them. That applies to both I and EE Bonds. However, in order to qualify for the tax-free educational benefit, the bond(s) much be titled in the name of one or both parents. The child CANNOT be named as ...
by Watty
Tue Jan 18, 2011 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: make sense to max-out 401K when semi-retired ?
Replies: 15
Views: 1993

Putting enough in to get any employer match is a no-brainer. Converting the IRA to Roth up to the top of the 15% tax bracket is almost a no brainer. Putting more money in the 401K in is not quite a no-brainer compared to putting more money in a taxable account. Here are a few things to look into to ...
by Watty
Mon Jan 17, 2011 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Astronomical cost of college --> looking for ideas
Replies: 80
Views: 7151

..... should I be thinking of anything else? 1) The normal college costs are only the beginning. At some schools there can be a lot of social pressure to keep up with the more affluent students. 2) When my son was selecting a college one of the things that I had to learn to deal with is that the co...
by Watty
Mon Jan 17, 2011 11:47 am
Forum: Investing - Help with Personal Investments
Topic: What to do when there aren't many index funds
Replies: 11
Views: 2846

25% in bonds seems a bit high for someone who is 23.

What was the reasoning in not using the targeted retirment fund instead?


Greg
by Watty
Mon Jan 17, 2011 1:08 am
Forum: Investing - Help with Personal Investments
Topic: What to do when there aren't many index funds
Replies: 11
Views: 2846

You should really take the time to check the expense ratios for the Fidelity and Vanguard funds as well as the 2045 fund. They could be viable options. It might also be a good idea to have her post her own question here so that she learns the basics, with your help, instead of having you do it for h...
by Watty
Sun Jan 16, 2011 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Sell taxable Small Cap to reduce mortgage?
Replies: 26
Views: 1956

You mentioned a 15% capital gains tax rate. Are you sure that this includes any state taxes too? There are two questions that you are asking that are totally separate. 1) Should you rebalance? Yes, but you might be able to move some of your retirement account investments around or direct future cont...
by Watty
Sun Jan 16, 2011 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Buy another house or not ?? Your Opinion please
Replies: 21
Views: 3216

Watty wrote - " Be sure to let the real estate agent know that you are looking at that house so there is no question of having to pay him or her a comission if you buy it " I am sorry I did not understand the above, can you please elaborate on this. Thanks, warm regards I may not have all the techn...
by Watty
Sun Jan 16, 2011 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Buy another house or not ?? Your Opinion please
Replies: 21
Views: 3216

Watty - although we have not seen many houses in the market today, the few we saw randomly some time back were not a better value, comparing the better kind of the houses, the man gated safety, etc.. of the present subdivision. This is the lowest priced house in this section of larger houses. Yes, ...
by Watty
Sat Jan 15, 2011 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Buy another house or not ?? Your Opinion please
Replies: 21
Views: 3216

I had few more thoughts. Renting your current large house for a few years is not a very viable option. The problem is that if you rent it for more than a few years then you will lose the homeowners capital gains tax exemption and might have to pay capital gains tax on the $300K in profit. Trying to ...
by Watty
Fri Jan 14, 2011 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Stupid Question: How do I calculate 59 1/2?
Replies: 25
Views: 18325

Whose idea was it to tack the 1/2 onto the end, anyway? Could anything possibly be less-intuitive? How about; For some tax rules dosn't January 1st sometimes count as being in the prior year? Trying to calcilate a half non-leap year is 365/2=182.5 days. Does that extra half a day mean that it matte...
by Watty
Fri Jan 14, 2011 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buy another house or not ?? Your Opinion please
Replies: 21
Views: 3216

Downsizing sounds like a good idea but out of the hundreds or thousands of houses for sale in your area, the odds that the best house for you is across the street is pretty small. I would start by going out and seeing a number of comparable houses. You will likely find that there are several better ...
by Watty
Fri Jan 14, 2011 3:58 pm
Forum: Personal Consumer Issues
Topic: Help with 4C's for engagment ring
Replies: 70
Views: 9301

An additional factor was that she would occasionally have an errand that would take her parts of town where she would normally have felt OK but alert, but having a ring worth X dollars on her had made her feel uncomfortable. I meant to add that I have heard it recommended, usually tongue in cheek, ...
by Watty
Fri Jan 14, 2011 3:50 pm
Forum: Personal Consumer Issues
Topic: Help with 4C's for engagment ring
Replies: 70
Views: 9301

You might also check out eBay, but stick with a highely rated seller and read the fine print carefully. One more comment on Carat. Obviously it totally depends on your partner's tastes, but I have anecdotal evidence that some people regret having large diamonds, especially in solitaire settings. Amo...
by Watty
Fri Jan 14, 2011 3:02 pm
Forum: Personal Consumer Issues
Topic: Best new and certified pre-owned cars under $20,000?
Replies: 15
Views: 2638

Honda Fit. Surprisingly large interior for the size of the exterior. Fuel efficient, safe, Honda. I'd actually like to own one. Maybe one day. I have one and I would second the recommendation for economy and reliabiliyt ratings. I have be consistently getting 29+ miles per gallon in suburban drivin...
by Watty
Fri Jan 14, 2011 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Renting For Life?
Replies: 94
Views: 11925

If you are renting for the long term then you may want to consider changing your asset allocation some to include more REITs to offset not being exposed to real estate through owning a house. It is often recommended that you own these within a retirement account because of the taxes they can generat...
by Watty
Fri Jan 14, 2011 12:19 am
Forum: Personal Consumer Issues
Topic: Seeking US Location Suggestions
Replies: 43
Views: 4334

In looking where to retire there is a lot to be said for college towns. There is a long list of them here; http://en.wikipedia.org/wiki/College_town I used to live in Portland Oregon and that has a lot going for it, and you could live just across the river in Vancouver Washington and not have to pay...
by Watty
Thu Jan 13, 2011 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: How much is too much?
Replies: 86
Views: 10050

I make ~130k a year....... So 16500+8250+5000 = 29750 I make ~130k a year....... So 16500+8250+5000 = 29750 It is all about balance. Saving up for retirement is great but there is a chance that you will get hit by the preverbal Mack truck and not live to a ripe old retirement age so you need to enj...
by Watty
Thu Jan 13, 2011 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Career decision and salary help
Replies: 11
Views: 1956

<I>....I can either stay in a role that I'm happy in for as long as possible...</I> Being in a comfy role for a long time really doesn't match up with being a contractor. Some companies have limits in how long they will use a contractor and will automatically rotate the work out to another contracto...