Search found 15415 matches

by Watty
Fri Feb 22, 2019 11:45 am
Forum: Non-US Investing
Topic: Low salary help needed [Europe]
Replies: 14
Views: 1524

Re: Low salary help needed [Europe]

The sensible thing to do in my opinion, especially as a digital marketer, is to start your business on the side, whilst keeping your current job. That way you can see if you're actually able to develop a business before leaving everything behind. I agree. Romania only has a population of about 20 m...
by Watty
Thu Feb 21, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to finance car purchase for teen
Replies: 60
Views: 2805

Re: How to finance car purchase for teen

Wandering by the dealership, the salesman mentioned that I should lease it because then I don't have to pay for any minor damage? Nope, but the lease would probably make the dealership more. If it is a three years lease then it would also end before your kid graduates. A lease is a bad idea in so m...
by Watty
Thu Feb 21, 2019 7:35 pm
Forum: Personal Consumer Issues
Topic: Another "Is it worth it to fix" question [2002 Nissan Sentra]
Replies: 66
Views: 4100

Re: Another "Is it worth it to fix" question [2002 Nissan Sentra]

Taking off soon to find someone to do this job other than the shop that gave me that $1000.00+ estimate. It's really dripping now. This has to be sorted one way or another today. Most folks here rightly think the car may be totally rusted because of my location and the car's age, but the rest of th...
by Watty
Thu Feb 21, 2019 5:42 pm
Forum: Personal Investments
Topic: Where to put this $100K
Replies: 7
Views: 887

Re: Where to put this $100K

You will get better responses if you post more if your information in something like this suggested format.

viewtopic.php?f=1&t=6212
by Watty
Thu Feb 21, 2019 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Aging Parents & Finances
Replies: 43
Views: 4260

Re: Aging Parents & Finances

I guess my question is how to best help them keep / protect their assets in the event they end up in a nursing home. I've heard that meeting with an eldercare affairs attorney might be the best first step? In addition to the finances you should talk with the attorney about getting all the needed po...
by Watty
Thu Feb 21, 2019 4:10 pm
Forum: Personal Investments
Topic: Should I keep money in TSP long term?
Replies: 66
Views: 2892

Re: Should I keep money in TSP long term?

Good thread, I’m debating whether to close my husband’s TSP or not. I left it open just in case I change my mind. If this this an inherited TSP, know that if you die while still holding the account in the TSP, your heirs will not be able to continue holding the account in the TSP, nor can they roll...
by Watty
Thu Feb 21, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Feedback
Replies: 11
Views: 1038

Re: Estate Planning Feedback

5) I will balance each Roth IRA based on current financial situation. For example, child 1 required $40k of support to get through their undergraduate degree. Child 2 got a full ride, and required $0 support. Roth IRA 2 will start with $40k more than Roth IRA 1. If you did not do anything then chil...
by Watty
Wed Feb 20, 2019 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - how confident are you?
Replies: 117
Views: 8007

Re: 4% SWR - how confident are you?

How confident are you with the 4% SWR and is this based on a 30 year retirement plan or as some people are saying this can apply to an infinite time period. There seems to be mixed opinions all over the place regarding this. You could put all your money into a TIPs ladder and with a 3.33% withdrawa...
by Watty
Wed Feb 20, 2019 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff mortgage with extra cash?
Replies: 7
Views: 1052

Re: Payoff mortgage with extra cash?

I have not done it but there have been other posts that mentioned that you can buy a house with a home equity loan on the new house during closing instead of a normal mortage. The main advantage of that is that the loan costs may be lower. As was already mentioned there are bridge loans for situatio...
by Watty
Wed Feb 20, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Generational Wealth Transfer
Replies: 19
Views: 2088

Re: Generational Wealth Transfer

Also, what steps and savings rates would I need to transfer a significant amount to children and grandchildren? The first two steps I would take are; 1) Make your own retirement saving bullet proof so that your kids never have to support you. I know people that have had to support their parents and...
by Watty
Wed Feb 20, 2019 5:41 pm
Forum: Personal Consumer Issues
Topic: purchasing new furnace tips
Replies: 35
Views: 1726

Re: purchasing new furnace tips

Since you are near the beach in Southern California, you will not need anything fancy because you won't be using this furnace much, if ever. So forget about all the high-efficiency, two-stage fanch schmancy features. Go with the minimum needed to meet code. Running at multiple speed is different th...
by Watty
Wed Feb 20, 2019 10:37 am
Forum: Personal Consumer Issues
Topic: purchasing new furnace tips
Replies: 35
Views: 1726

Re: purchasing new furnace tips

A couple of tips; 1) I have found that you can get the best prices if you can get bids between the heating and cooling season when HVAC companies are really slow. I don't know when that would be there since ten miles inland they might have a lot more need for A/C. In addition to getting a better pri...
by Watty
Wed Feb 20, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Buy House from Taxable or Tax Deferred Accounts?
Replies: 5
Views: 467

Re: Buy House from Taxable or Tax Deferred Accounts?

Should she be concerned about the tax implications of the co-occurrence of SS and RMDs added to her pension at 70.5 years? That would be good to know so that she can know what to expect and try to minimize her taxes. The best way to do this is to do dummy tax returns with various scenarios using ta...
by Watty
Wed Feb 20, 2019 9:23 am
Forum: Personal Investments
Topic: Eliminate my emergency fund?
Replies: 90
Views: 6026

Re: Eliminate my emergency fund?

Inspired by this forum, I had opened a new taxable account just for cash, and funded it with approx $31K as my 'emergency fund'. I put a flat 30K of that in a Schwab Money Market fund SWVXX as I had seen discussed in the forum. But today I noticed the account showed an "Available cash balance: $1,5...
by Watty
Wed Feb 20, 2019 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Does a prenup completely protect your assets in an equitable distribution state or do you still have to give something?
Replies: 4
Views: 770

Re: Does a prenup completely protect your assets in an equitable distribution state or do you still have to give somethi

I am also not a lawyer but a prenup would get tricky in situations where spouse is disabled and leaving them destitute could be considered unconscionable or against the public interest. Situations like that might depend on the details of the state law. ... an equitable distribution state .... It cou...
by Watty
Tue Feb 19, 2019 10:41 pm
Forum: Personal Investments
Topic: Investing, as an American, in the London Stock Exchange (LSE) Tax Implications, Shariah Investor
Replies: 16
Views: 1159

Re: Investing, as an American, in the London Stock Exchange (LSE) Tax Implications, Shariah Investor

If you have an overseas brokerage account you also need to research which will happen to that if you die since that can complicate settling your estate.

Even though you are young there is still a risk that you could be killed in a car accident.
by Watty
Tue Feb 19, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Another Pension Annuity Payout Decision
Replies: 5
Views: 467

Re: Another Pension Annuity Payout Decision

Oil Boiler wrote:
Tue Feb 19, 2019 2:12 pm
Straight = $6600
...
100%= $5955
One thing to consider is that the $645 reduction is before taxes.

The after tax reduction will be less.
by Watty
Tue Feb 19, 2019 7:05 pm
Forum: Non-US Investing
Topic: Low salary help needed [Europe]
Replies: 14
Views: 1524

Re: Low salary help needed [Europe]

According to IPS and the bogleheads general philosophy, you need to save one x of your income each year. I'm not sure what you mean by that. There is a wiki on the Bogleheads philosophy. https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy Planning to quit job and try a new busine...
by Watty
Tue Feb 19, 2019 11:52 am
Forum: Personal Investments
Topic: Pay cash for house or 50% down and continue to invest the rest
Replies: 21
Views: 1732

Re: Pay cash for house or 50% down and continue to invest the rest

Option 1 - Deplete 240k from Taxable Trading and pay cash for house, leaving 10k in trading - Reasons: Greatly improve monthly cash flow and avoid interest on mortgage or... Option 2 - Put 50% down, mortgage remaining 120k at 3.75% for 10 years - Reasons: Keep 120k in Taxable Trading (towards retir...
by Watty
Tue Feb 19, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: My Mortgage = Is it a problem?
Replies: 49
Views: 3757

Re: My Mortage = Is it a problem?

There is a wiki on this choice if you have not seen it. https://www.bogleheads.org/wiki/Paying_down_loans_versus_investing Combined Retirement Accounts - $200,000 - we are currently investing 17% (around $24,000 annually) of our income into retirement each year I am normally a big fan of getting a m...
by Watty
Tue Feb 19, 2019 8:48 am
Forum: Personal Consumer Issues
Topic: KeyHero? Home Depot?
Replies: 28
Views: 2763

Re: KeyHero? Home Depot?

mmmodem wrote:
Tue Feb 19, 2019 8:02 am
That's pretty slick. I'm going to go try it. Thanks for the heads up. If you're afraid of hackers breaking into your car or home, it's very simple to not have your home address or car description on file.
The big problem is that Home Depot is not open 24 hours a day.
by Watty
Tue Feb 19, 2019 8:43 am
Forum: Personal Consumer Issues
Topic: How Much Home Value Added by Finishing Basement?
Replies: 35
Views: 2671

Re: How Much Home Value Added by Finishing Basement?

To be truly finished you will also need heating and cooling so don't forget to budget for that. You can't just add a few vents since your current system likely does not have enough capacity for the extra space. I made part my basement semi-finished where I just added a few walls, painted the concret...
by Watty
Tue Feb 19, 2019 8:20 am
Forum: Personal Investments
Topic: Funding retirement with a taxable account
Replies: 14
Views: 1817

Re: Funding retirement with a taxable account

No answers but a few more pieces of the puzzle; 1) The taxable account would go to you estate at a stepped up cost basis. 2) You may be in an income range where your long term capital gains may be taxed at 0%, but they could also cause more of your Social Security to be taxed. 3) "life happens", a l...
by Watty
Tue Feb 19, 2019 7:59 am
Forum: Personal Consumer Issues
Topic: KeyHero? Home Depot?
Replies: 28
Views: 2763

Re: KeyHero? Home Depot?

I guess schlepping to Home Depot when I forget my key would be slightly better than waiting for the locksmith, but I think it's easier to give a key to a trusted neighbor/family member. Or install some kind of digital lock you can open with a combination or a cell phone. A lot simpler alternative i...
by Watty
Tue Feb 19, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Do we need a will/trust/etc?
Replies: 58
Views: 3463

Re: Do we need a will/trust/etc?

In the "etc." part is the medical paperwork that will tell the doctors when they should and should not "pull the plug" on you if you are on life support. It can be hard for a spouse to make that decision and either way it can haunt them for the rest of their lives. Having your instructions clearly s...
by Watty
Tue Feb 19, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: SS at FRA and PP at 70 or SS at 70 and PP at FRA?
Replies: 8
Views: 748

Re: SS at FRA and PP at 70 or SS at 70 and PP at FRA?

..... but in the simplest sense, has anyone identified a rule of thumb of which of your pension benefit or your SS benefit to take first? There are too many variables for a rule of thumb and you would be overthinking it to try to figure one out. What matters is not some rule of thumb but the detail...
by Watty
Tue Feb 19, 2019 6:47 am
Forum: Investing - Theory, News & General
Topic: 30 years not long enough to calculate SWR?
Replies: 27
Views: 1989

Re: 30 years not long enough to calculate SWR?

There's some non-zero chance that I or my wife might live to be 120. Be careful with that logic. It leads down a rabbit hole with no exit. If history is any indicator of the future, there is a non-zero chance of all sorts of events occurring which would completely derail any type of retirement with...
by Watty
Mon Feb 18, 2019 10:06 pm
Forum: Personal Investments
Topic: Parents' Social Security Strategy
Replies: 2
Views: 717

Re: Parents' Social Security Strategy

There are a lot of possible complications in there. She might want to make an appointment to go into the Social Security office to talk about the permutations.
by Watty
Mon Feb 18, 2019 7:43 pm
Forum: Personal Consumer Issues
Topic: Booking Hotel Far In Advance
Replies: 10
Views: 805

Re: Booking Hotel Far In Advance

I have never done it but one trick I have heard about is to book a room a few extra days in advance to make the reservation through the needed days if you can make reservations with free cancelation. For example if it will be very busy Friday and Saturday night you might make a reservation for Thurs...
by Watty
Mon Feb 18, 2019 7:22 pm
Forum: Investing - Theory, News & General
Topic: Ultra Safe Withdrawal Strategy?
Replies: 23
Views: 1866

Re: Ultra Safe Withdrawal Strategy?

The 4% safe withdrawal rate is a reasonableness check but it is not intended to be an actual withdrawal strategy. The big problem is that you spending will not be anywhere constant, You also had a lot of digits to the right of the decimal point in your calculations and there is no way you can be acc...
by Watty
Mon Feb 18, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: Ultra Safe Withdrawal Strategy?
Replies: 23
Views: 1866

Re: Ultra Safe Withdrawal Strategy?

The 4% safe withdrawal rate is a reasonableness check but it is not intended to be an actual withdrawal strategy.

The big problem is that you spending will not be anywhere constant
by Watty
Mon Feb 18, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Best Practices for Managing Credit Freezes
Replies: 15
Views: 1455

Re: Best Practices for Managing Credit Freezes

I just temporarily unfroze all three credit bureaus about a month ago and had no problem with using PINs that are probably ten or more years old. The big difference was that I did this by telephone and not the internet which is how I have always done it. I don't recall them asking any challenge ques...
by Watty
Mon Feb 18, 2019 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Trouble stomaching car
Replies: 52
Views: 4851

Re: Trouble stomaching car

Are you an older guy who used to buy cars for $18K or maybe less? I am. I know the cost to drive used to be 18 cents per mile. And now newer nice cars are $35K or more? So the cost to drive is now 35 cents or even 50 cents per mile. A HUGE increase. I know I am bothered by how expensive cars have g...
by Watty
Mon Feb 18, 2019 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Trouble stomaching car
Replies: 52
Views: 4851

Re: Trouble stomaching car

2016 Audi S4 a couple months ago. ....... Over the next 24 months I’ll have “transferred” 13k in payments. Am I looking at the in only one narrow angle? A quick Google search looks like it would have actually cost around $30K. If that is correct then you are likely missing the big picture. I can pa...
by Watty
Mon Feb 18, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a degree?
Replies: 73
Views: 4332

Re: Do I need a degree?

I would also be concerned that not having a degree might hurt you if there are layoffs where some manager or HR person who does not know you has input into who gets laid off. If you could use it in your current job then another option would be to look at would be to get SAS certification. I know som...
by Watty
Mon Feb 18, 2019 12:15 pm
Forum: Personal Investments
Topic: Retiring 5 Years Before Taking Social Security, How Would You Do It
Replies: 38
Views: 3551

Re: Retiring 5 Years Before Taking Social Security, How Would You Do It

I know a CD Ladder is one way, but what about just keeping money in your investments and taking out what you need each year to cover those first 5 years? A mixture where you only have a CD ladder to cover the missing Social Security might make sense. For example if you need $50K to live on and will...
by Watty
Mon Feb 18, 2019 11:28 am
Forum: Personal Investments
Topic: Tax efficient strategies for incentive stock option windfall
Replies: 7
Views: 560

Re: Tax efficient strategies for incentive stock option windfall

Its been recommended to me by multiple people to talk to a financial advisor on this topic but the only way I'd pay for that is if I had some idea of what would be provided that I couldn't find here. There is a big difference between getting professional tax advice from an accountant and your typic...
by Watty
Mon Feb 18, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Easiest Way to Give $100k Cash to Non-Family Member
Replies: 62
Views: 5187

Re: Easiest Way to Give $100k Cash to Non-Family Member

$100k is roughly the difference in price between their current 2100 SF home 3 BR and a 2500 SF 4BR home in our neighborhood plus some additional allowances for higher utilities, property tax, and HOA fees. A few more costs to consider; 1) Selling and buying a home can cost 5 to 10 percent of the ho...
by Watty
Mon Feb 18, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: How much to spend on new home
Replies: 6
Views: 667

Re: How much to spend on new home

You are asking the question wrong.

Make a list of the advantages of the new home and ask questions like;


Is spending $50K to get a 20 minute shorter commute is worth the cost if it means that you will have to retire a year later.
by Watty
Mon Feb 18, 2019 9:20 am
Forum: Personal Investments
Topic: Please Help - Gray Divorce No Investment Experience
Replies: 25
Views: 2273

Re: Please Help - Gray Divorce No Investment Experience

This is a big one. Even if you provide information and "nudge", you will be responsible to some degree. (what is that old saying. . . "no good intention shall go. . . "? Excellent point. Declining to say anything also give you some responsibility if she ends up getting taken by some high cost sales...
by Watty
Mon Feb 18, 2019 9:12 am
Forum: Personal Consumer Issues
Topic: Has anybody here bought a 2018 Toyota Camry with the 2.5 engine and are you happy with it? Pro's and Con's
Replies: 10
Views: 1675

Re: Has anybody here bought a 2018 Toyota Camry with the 2.5 engine and are you happy with it? Pro's and Con's

Pro's and Con's One pro is that Toyota added a laundry list of advanced safety features to all their cars in 2018 as standard features. If you are comparing it to some other car be sure to look at the details since to get the same safety features may require paying extra for them as an option. One ...
by Watty
Mon Feb 18, 2019 8:46 am
Forum: Personal Consumer Issues
Topic: Another "Is it worth it to fix" question [2002 Nissan Sentra]
Replies: 66
Views: 4100

Re: Another "Is it worth it to fix" question [2002 Nissan Sentra]

Taking off soon to find someone to do this job other than the shop that gave me that $1000.00+ estimate. It's really dripping now. This has to be sorted one way or another today. Most folks here rightly think the car may be totally rusted because of my location and the car's age, but the rest of th...
by Watty
Mon Feb 18, 2019 8:38 am
Forum: Personal Investments
Topic: Please Help - Gray Divorce No Investment Experience
Replies: 25
Views: 2273

Re: Please Help - Gray Divorce No Investment Experience

mjb49 wrote:
Mon Feb 18, 2019 8:30 am
I think Vanguard Personal Advisor Services might be a good place to start unless there is a better option.
That sounds like a very good suggestion.

She might want to read one of the Bogleheads books too.

https://www.amazon.com/s?k=Bogleheads&t ... ads.org-20
by Watty
Mon Feb 18, 2019 8:34 am
Forum: Personal Consumer Issues
Topic: Working remotely + lot of vacations
Replies: 25
Views: 3094

Re: Working remotely + lot of vacations

One more thing to consider. To work remotely you will almost certainly need high quality internet and cell phone connections. These will be hit or miss in a rental and even if you buy property somewhere you may find that the options in a rural area are a lot lower quality than you are used to. Power...
by Watty
Mon Feb 18, 2019 12:24 am
Forum: Personal Finance (Not Investing)
Topic: Where to put insurance payout
Replies: 1
Views: 240

Re: Where to put insurance payout

I know I could put it towards our mortgage but what are other ideas? If you decide to pay down the mortage then one option is to call your lender and ask if they will "recast your mortage"(Google this) if you make a large prepayment. They are not required to do this but they often will for a couple...
by Watty
Mon Feb 18, 2019 12:06 am
Forum: Personal Consumer Issues
Topic: Another "Is it worth it to fix" question [2002 Nissan Sentra]
Replies: 66
Views: 4100

Re: Another "Is it worth it to fix" question [2002 Nissan Sentra]

I would be very concerned that the putty might fail in a small fender bender, or even hitting a speed bump hard. It isn't like you are filling in a dent on the fender.

With something like a gas tank you should really fix it right if you will be keeping the car.
by Watty
Sun Feb 17, 2019 10:34 pm
Forum: Personal Consumer Issues
Topic: Working remotely + lot of vacations
Replies: 25
Views: 3094

Re: Working remotely + lot of vacations

I will soon start a new job that allows me to work 100% remotely. It might be good to work in the new job for a while to get settled in there before figuring out what what to do. You did not say the ages of your kids but at some point being away from home from long periods of time may not work well...
by Watty
Sun Feb 17, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Easiest Way to Give $100k Cash to Non-Family Member
Replies: 62
Views: 5187

Re: Easiest Way to Give $100k Cash to Non-Family Member

Other than reporting the gift at the end of the year to the IRS, what other factors should I consider? If they are getting any asset based assistance like college financial aid or medicaid then having a higher net worth could reduce what they get. If the kids are older they may be moving out in a f...
by Watty
Sun Feb 17, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care issues -- quality, accessibility, and tail risk
Replies: 60
Views: 2680

Re: Long term care issues -- quality, accessibility, and tail risk

Long term care issues -- quality, accessibility, and tail risk The cost of LTC varies a lot by where you live. https://www.genworth.com/aging-and-you/finances/cost-of-care.html and we happen to live in an area where the cost is moderate and not dramatically higher than our normal retirement budget....
by Watty
Sun Feb 17, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Moved to new state/job 6M ago. Previous employer wants me back!
Replies: 57
Views: 5591

Re: Moved to new state/job 6M ago. Previous employer wants me back!

If OP takes the CA company job but works remote from TX, would he be charged income taxes on CA or TX (no income tax)? That extra 10K in salary (as currently proposed) would be eaten by CA state taxes if counted as CA based. In that case, I do NOT see any benefit of even the remote option. Another ...