Search found 13398 matches

by Watty
Tue May 29, 2018 2:50 pm
Forum: Personal Consumer Issues
Topic: Cruise ships for multi-generational family
Replies: 61
Views: 3249

Re: Cruise ships for multi-generational family

And price point: one of my siblings makes significant less than I do, so I'm not sure how much she can spend per se. I'm going to ball-park $2000 per person??? Cruising is cheaper than that. We recently went on a 7-day Carnival with 5 of us (4 adults, one teenager), two rooms, and it cost us a litt...
by Watty
Tue May 29, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: DNA ancestry testing
Replies: 84
Views: 8072

Re: DNA ancestry testing

Folks should be prepared be for BOTH pleasant and unpleasant surprises. +1,000 I was contacted through Ancestry.com by someone that found out that one of my uncles was her biological father, and not who she thought was her father was. She had never known this until she was in her 40's and all the p...
by Watty
Tue May 29, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Windfall help
Replies: 5
Views: 828

Re: Windfall help

We'll be out of commercial debt (and staying out) so in the future,... That is phrased oddly, is there something else going on? Other than your kids do you have strong ties to the Bay Area? Once your kids are through high school you could likely retire in a lower cost of living area. It could be th...
by Watty
Tue May 29, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: 13-year old Civic. Replace, or keep sinking money into it?
Replies: 52
Views: 4177

Re: 13-year old Civic. Replace, or keep sinking money into it?

Thoughts? Safety features have improves a lot and your current 2005 may not even have ESC which is a very important feature to have. The airbags and crash designs have also generally gotten a lot better too. If you buy a used car then getting getting one with ESC, which became standard in 2012, wou...
by Watty
Tue May 29, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Can we retire in 2018?
Replies: 103
Views: 8534

Re: Can we retire in 2018?

Yes, if I continue to earn my current salary, then I would expect to receive 44,492. If I stop this year and then wait until 70, then I would expect to receive 42,274. Interesting. I thought the difference will be larger. My amounts were lower but adjusted for inflation my income had been pretty st...
by Watty
Tue May 29, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Can we retire in 2018?
Replies: 103
Views: 8534

Re: Can we retire in 2018?

Social Security: I plan to delay SS until age 70. My wife plans to apply for SS at age 62. SS (me): 44,492 a year at 70, reduced to 42,274 due to early retirement. SS (wife): 9936 a year at 62, reduced to 8,000 due to early retirement. One the Social Security one thing to remember is that when you ...
by Watty
Tue May 29, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Can we retire in 2018?
Replies: 103
Views: 8534

Re: Can we retire in 2018?

If your handle your finances like I do then figuring out what you spent last years is not all that hard even though it will not give you a lot of details of where the money is going. Most of our expenses, including credit card payments, are paid through our checking account so all you need to do is ...
by Watty
Tue May 29, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Can we retire in 2018?
Replies: 103
Views: 8534

Re: Can we retire in 2018?

Age: 56 , wife: 53 Even with if you have to include healthcare costs I think the numbers can still work for your to retire. Depending on when your birthdays are you have nine years until your can get on Medicare and your wife has twelve years. Combined that is 252 months of premiums that you would ...
by Watty
Tue May 29, 2018 5:34 am
Forum: Personal Consumer Issues
Topic: DNA ancestry testing
Replies: 84
Views: 8072

Re: DNA ancestry testing

There have been a number of threads about DNA testing that might be of interest. https://www.google.com/search?sitesearch=bogleheads.org&q=dna+test When I started researching my family tree last year I took a class with local genealogical society and they had a session on DNA testing. My takeaway fr...
by Watty
Tue May 29, 2018 4:37 am
Forum: Personal Consumer Issues
Topic: Solid Raw wood from South Africa infestation?
Replies: 23
Views: 2502

Re: Solid Raw wood from South Africa infestation?

mrc wrote:
Tue May 29, 2018 4:23 am
Freezing for a couple days will surely kill adult and larval bugs, and any eggs.
I would not be so sure of that since it may depend on the type of bug.

In some areas like Michigan or Alaska the freezing weather can last for months but the bugs can still be terrible in the summer.
by Watty
Mon May 28, 2018 9:22 pm
Forum: Personal Consumer Issues
Topic: Splurging on the NBA finals
Replies: 56
Views: 5127

Re: Splurging on the NBA finals

Assuming that you can easily afford it I would look at it in terms of the opportunity cost of what your other choices are to do with the $5,000 that you might spend on all the expenses. It could be that the choice is either spending the $5,000 on going to the game, or spending the $5,000 on a high e...
by Watty
Mon May 28, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Can we retire in 2018?
Replies: 103
Views: 8534

Re: Can we retire in 2018?

Is your estimate for healthcare expenses included in the $50,000 per year? And property taxes, dental bills, occasional large home expenses like roofs and furnaces, replacing cars when needed, federal and state income taxes, retirement expenses like travel, etc People do live just fine on $50K a ye...
by Watty
Mon May 28, 2018 7:24 pm
Forum: Personal Consumer Issues
Topic: Cruise ships for multi-generational family
Replies: 61
Views: 3249

Re: Cruise ships for multi-generational family

There may be some exceptions to the requirements but it would likely be best for everyone to have a passport so be sure to allow time for everyone to get one. If someone needs to get a copy of their birth certificate getting all the paperwork in order can take a while. Passports can cost up to $145 ...
by Watty
Mon May 28, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Buying house from parents below market value, gift?
Replies: 16
Views: 1415

Re: Buying house from parents below market value, gift?

One other thing to look into is how the below market price will affect you and your parents taxes other than the gifting implications. For your parents if they have a large capital gain in the house that is not covered by the homeowners capital gains exclusion then giving you a the house at a low c...
by Watty
Mon May 28, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: What to do after maxing retirement contributions?
Replies: 31
Views: 3508

Re: What to do after maxing retirement contributions?

Here are some wikis that might help with figuring out investing in taxable accounts if you have not seen them. https://www.bogleheads.org/wiki/Three-fund_portfolio https://www.bogleheads.org/wiki/Tax-efficient_fund_placement One thing to realize is that up until about 20 years ago the amounts you co...
by Watty
Mon May 28, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Buying house from parents below market value, gift?
Replies: 16
Views: 1415

Re: Buying house from parents below market value, gift?

One other thing to look into is how the below market price will affect you and your parents taxes other than the gifting implications. For your parents if they have a large capital gain in the house that is not covered by the homeowners capital gains exclusion then giving you a the house at a low co...
by Watty
Sun May 27, 2018 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Financial plan review for a widowed mother
Replies: 18
Views: 1858

Re: Financial plan review for a widowed mother

7) She stated the thing she's most concerned about is having a reliable car. Seems bizarre since she only drives about 4k miles a year but whatever, it's her concern. Do low-mileage leases exist that give price breaks? I'd like to get her on a schedule of getting a new car every 2-3 years but I don...
by Watty
Sun May 27, 2018 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Financial plan review for a widowed mother
Replies: 18
Views: 1858

Re: Financial plan review for a widowed mother

2) I went to immediateannuities.com and got a quote for a $250k SPIA of $17.1k/yr. Basically for $900/yr ($18k vs $17.1k) she'll be able to extend the annuity to her lifetime in case she lives past 89. Doesn't seem like an awful trade-off. That could be tricky to compare because; 1) She would not b...
by Watty
Sun May 27, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Financial plan review for a widowed mother
Replies: 18
Views: 1858

Re: Financial plan review for a widowed mother

My mother turns 67 this year. Recently widowed and is currently drawing widow's benefits from SSA. I am not entirely clear if her benefit will be higher than her window's benefits at 70. Assume she'll continue drawing widow's benefits. One of the first things to do would be to get all the details o...
by Watty
Sun May 27, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or sell primary residence condo after job move?
Replies: 23
Views: 1664

Re: Keep or sell primary residence condo after job move?

A couple of things I have not seen mentioned; 1) Depending on when you bought the house in 2016 you may not need to pay any federal capital gains tax on the $80k(?) gain. If you keep the condo as a rental for more than a few years then that may become taxable when you eventually sell it. It may be w...
by Watty
Sun May 27, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America ATM card not working internationally
Replies: 38
Views: 2565

Re: Bank of America ATM card not working internationally

Really didn’t expect BofA to have so much trouble, but good to know about Schwab and Fidelity. Will definitely look into opening one of those for future trips. If you are traveling with a spouse it is also a good idea for each of you to carry different cards so that you will still have one that wor...
by Watty
Sun May 27, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: electrical outlet dead; fuse not tripped
Replies: 23
Views: 1575

Re: electrical outlet dead; fuse not tripped

SOLVED. The outlet is part of a chain of 4 outlets. Two of the outlets are inside (garage and basement) and the other two are outside. I vaguely remember the construction supervisor telling me that the basement outlet was part of the chain with the outside outlets. He didn't tell me the outlet in t...
by Watty
Sun May 27, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Optimizing for the 12% bracket in early retirement
Replies: 17
Views: 2946

Re: Optimizing for the 12% bracket in early retirement

Thanks for your input on the best way to optimize. There are so many variables and possible changes that you may need to figure out what the optimal plan is each year as things change. A few things to consider; 1) Having a paid off house will reduce the income you need so you may have more space in...
by Watty
Sun May 27, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: CD / Treasury vs Paying off Mortgage - Rates are really close
Replies: 12
Views: 1584

Re: CD / Treasury vs Paying off Mortgage - Rates are really close

One question to ask yourself is, "If I had a paid off house then would I take out a new 3.5% mortgage so that I could invest the money in a bond or CD?" This is really about the same question but a lot fewer people would be that aggressive. There is a wiki on this choice. https://www.bogleheads.org/...
by Watty
Sat May 26, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Leave Traditional IRA to Grandkids?
Replies: 21
Views: 2511

Re: Should I Leave Traditional IRA to Grandkids?

There are a few non-deductible contributions. I would figure out what to do with the Roth conversion each December when the numbers for the year are pretty firm. The way her Social Security is taxed is also an important factor since that might put her in a higher than expected tax bracket. https://...
by Watty
Sat May 26, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: I need advice on having 2 jobs.
Replies: 25
Views: 2910

Re: I need advice on having 2 jobs.

I don't have a clue how this might work but it would be sweet if you could work it so that the Big 4 firm took on your current employer as a client and you would do your old job as a highly paid consultant, or you might get a big bonus for bringing in new business. The 55k a year sounds beyond low f...
by Watty
Sat May 26, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Leave Traditional IRA to Grandkids?
Replies: 21
Views: 2511

Re: Should I Leave Traditional IRA to Grandkids?

And I don't see the point much in doing a phased conversion and all the awful pro-rating calculations I have to do each year at tax time. Plus, it would take a long time if I want to try and not trigger the next tax bracket each year. I would assume that she has some post tax contributions that mig...
by Watty
Sat May 26, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Strategy at 55
Replies: 16
Views: 2956

Re: Investment Strategy at 55

I looked at what she had and demonstrated to her the amount she is potentially losing with the AMU, and told her I could manage the stuff and save her a lot of money in the long run. One thing you might point out is that once she retires she will be able to start out with somewhere around a 4% safe...
by Watty
Sat May 26, 2018 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Should parents renew life insurance?
Replies: 8
Views: 641

Re: Should parents renew life insurance?

They're reasonably healthy, though fairly overweight It would be good to get some prices on new term policies to see what the prices are then decide if buying it masks sense or not. It may be so high that buying it is not a realistic option if they can even get a new term policy. One problem they h...
by Watty
Sat May 26, 2018 11:19 am
Forum: Personal Consumer Issues
Topic: Brick pavers on the edge of my porch are already falling off
Replies: 31
Views: 2323

Re: Brick pavers on the edge of my porch are already falling off

The problem is likely that glue should not have been used to hold the vertical bricks. If you google "Stone Veneer Mortar" you will find what is used to hold a stone veneer on vertical walls like the side of house or retaining wall. You can find videos on how to put on stone veneer and that would be...
by Watty
Sat May 26, 2018 12:05 am
Forum: Personal Consumer Issues
Topic: Brick pavers on the edge of my porch are already falling off
Replies: 31
Views: 2323

Re: Brick pavers on the edge of my porch are already falling off

gilgamesh wrote:
Fri May 25, 2018 9:02 pm
4 year old home
Did the builder provide a warranty on the house?

Even if the builder did not you should still call them. It could be that some subcontractor took a shortcut and the builder may be able to get them to fix it.
by Watty
Fri May 25, 2018 11:59 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Strategy at 55
Replies: 16
Views: 2956

Re: Investment Strategy at 55

...and she is paying 1.5% annually (though in a call this week they said they will bump it down to 1%). Sadly that is likely just the tip of the iceberg and a lot of the funds they have her invested in likely also have high fees. Since about 90% of here funds are in her IRA and the other 10% is bas...
by Watty
Fri May 25, 2018 7:43 pm
Forum: Personal Consumer Issues
Topic: Home Telephone network
Replies: 6
Views: 577

Re: Home Telephone network

If you start messing with the wires one thing to watch out for is that the house may have had more than one phone with seperate lines and wiring. Before I bought my house it had a second phone, probably for a business or a teenager, so there were all sorts of phone wires that were added that are no ...
by Watty
Fri May 25, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum versus annuity - could use your insight.
Replies: 18
Views: 2271

Re: Lump sum versus annuity - could use your insight.

Canoesmith wrote:
Fri May 25, 2018 4:44 pm
A 4% draw on the $1578M is about $23k less than the annuity, but the annuity is non cola.
One more thought, after taxes that might be more like $16K less especially since it will limit your ability to manage your taxable income.
by Watty
Fri May 25, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Lump sum versus annuity - could use your insight.
Replies: 18
Views: 2271

Re: Lump sum versus annuity - could use your insight.

What do you expect your expenses to be? Once you start the pension you will have about $85,000 in income so you may not really need the annuity income then. A 4% draw on the $1578M is about $23k less than the annuity, but the annuity is non cola. And your estate will get what is leftover. It you tak...
by Watty
Fri May 25, 2018 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Book for wife on investing
Replies: 26
Views: 2065

Re: Book for wife on investing

chevca wrote:
Fri May 25, 2018 3:42 pm
The good old "Bogleheads' Guide to Investing" a pretty good one to start with. :happy
+1

It is very readable for someone without any background in investing.

https://www.amazon.com/s/?search-alias= ... Bogleheads
by Watty
Fri May 25, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: Which tickets would you buy in advance (Europe)?
Replies: 20
Views: 1215

Re: Which tickets would you buy in advance (Europe)?

Will be in Europe this summer. Which activity/tour/museum tickets would you purchase/recommend in advance? Also, City Passes worth it in any of these cities? London Rhine River (Bacharach) Munich Venice Rome Cinque Terre/Pisa Swiss Alps (Lauderbraunen) Paris That is a lot. Be sure to check on the d...
by Watty
Fri May 25, 2018 8:06 am
Forum: Personal Consumer Issues
Topic: Magic Jack Go vs Obihai obi200- which one as landline replacement?
Replies: 30
Views: 3187

Re: Magic Jack Go vs Obihai obi200- which one as landline replacement?

I didn't look a lot into using Google Voice since I would have so many privacy concerns with them. There is the saying "If you are not paying for it, you're not the customer; you're the product." We were getting an excessive number of sales and robo calls, like a half dozen a day. We are now using O...
by Watty
Fri May 25, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Expenses now are 50k a year...can I plan that for retirement?
Replies: 12
Views: 1231

Re: Expenses now are 50k a year...can I plan that for retirement?

I thought I always heard that you want to plan for about 85% of your salary in retirement? Rules of thumb like that are pretty worthless since the details of what people spend are so variable. T he median household income in the US is about $59,000 so with a paid off house $50K is certainly enough ...
by Watty
Thu May 24, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12626

Re: New(ish) attending physicians in the Bay Area: Housing

I am very curious about where those who are doing regular jobs live in Bay Area if a two tech/physician family can't afford an entry level home. Even big tech companies have a lot of administrative and supportive positions. Good question... I wonder about that myself. I think it's a combination of ...
by Watty
Thu May 24, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 129
Views: 14046

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I would pay it off. Investing the money and getting a higher investment return is harder than it sounds because you have a sequence of returns risk. Here is an example that I have posted before.  If you do not pay it off then you will have more sequence of returns risk. For example in rough numbers...
by Watty
Thu May 24, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 129
Views: 14046

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

I would pay it off. Investing the money and getting a higher investment return is harder than it sounds because you have a sequence of returns risk. Here is an example that I have posted before.  If you do not pay it off then you will have more sequence of returns risk. For example in rough numbers ...
by Watty
Thu May 24, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America ATM card not working internationally
Replies: 38
Views: 2565

Re: Bank of America ATM card not working internationally

Really I'd just like to know what the issue is so I can plan for it in the future. It seems like the card itself has an issue, but I haven't a clue what it might be. It did work in the US before traveling. Is it possible that the ATM's are trying to use the magnetic strip and not the chip and the m...
by Watty
Thu May 24, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Crypto tokens in private sale prior to ICO
Replies: 21
Views: 1316

Re: Buying Crypto tokens in private sale prior to ICO

My DW works as a freelancer for a small financial company who is planning for initial coin offering (ICO) for their version of cryptocurrency. The company is offering her access to their private sale of crypto tokens prior to their anticipated ICO. The token price in private sale seems to be highly...
by Watty
Thu May 24, 2018 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Life Changes
Replies: 27
Views: 3562

Re: Life Changes

Plus electricity hook up of ~10k. The electric company charges 12/foot for overhead lines. The proposed building site is 2600 ft off grid. First 250 ft free. 29k,! I'm offering 30 k off listed price. The first quote was almost triple what you expected. Before you buy the place it would be good to a...
by Watty
Wed May 23, 2018 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Selling Rental House, Completely Lost on How to Invest
Replies: 7
Views: 773

Re: Selling Rental House, Completely Lost on How to Invest

You will get a lot better suggestions if you post your information in this suggested format.(more or less)

viewtopic.php?f=1&t=6212

There is also a getting started wiki that might be helpful.

https://www.bogleheads.org/wiki/Getting_started
by Watty
Wed May 23, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 47
Views: 2677

Re: Need help with debt strategy

Here is something critical. Apparently Dave Ramsey gives a lot of good advice that has worked for people about how to dig yourself out of things like credit card debt and that is great. The problem is there have been a lot of negative comments about his investing advice and how to manage your money ...
by Watty
Wed May 23, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 158
Views: 5883

Re: Purchasing a house, downpayment vs. retirement and other considerations

wife's parents believe we are too far ahead on retirement savings, and have told us to expect to receive a healthy inheritance of pre-tax money from their 401k. Don't count on that. Here that I have heard of. 1) One of them survives the other and then gets remarried. Things get complicated and the ...
by Watty
Wed May 23, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 47
Views: 2677

Re: Need help with debt strategy

One thing that has not been mentioned is that if your employer has a 401k match then you should get signed up and contribute enough to the 401k to get the match starting with your first paycheck if possible. This is true even though you have the debt. Some 401k plans do the match with each paycheck ...
by Watty
Wed May 23, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: Taxable Account Near Retirement
Replies: 16
Views: 1703

Re: Taxable Account Near Retirement

Question 1. How should I invest in my taxable account when I near retirement. Keeping it in stocks seems someone risky to me considering a possible crash and what not. However, I know that bonds are taxed at a certain rate. I have considered bonds that are tax advantaged, but considering my tax bra...