Search found 13747 matches

by Watty
Sat Sep 15, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Mom has retired and I need to help
Replies: 12
Views: 2059

Re: Mom has retired and I need to help

What would be the downsides of putting everything in the VTXVX (Vanguard Target Ret 2015)? What should be in the taxable account versus in the traditional and Roth IRA's? It would not be totally tax efficient. You can see last year's distributions here. https://investor.vanguard.com/mutual-funds/pr...
by Watty
Sat Sep 15, 2018 5:01 pm
Forum: Personal Consumer Issues
Topic: HOA Donation in Remembrance of Deceased Owner
Replies: 27
Views: 1692

Re: HOA Donation in Remembrance of Deceased Owner

Probably not totally appropriate but if it is only a occasional hundred dollars or so I would let it go. I have been on a HOA board and it is a pretty thankless task so I tend to give them a lot of discretion on small stuff like that. If you feel strongly that this should be stopped then you can run...
by Watty
Sat Sep 15, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Thoughts on Car Expenditures
Replies: 19
Views: 714

Re: Thoughts on Car Expenditures

Thoughts? You mentioned income several times in your post but net worth is by far more important when looking a large luxury expense. It seems that the average sales price for a car in US is around 30k. Even if that number is right I suspect that the median sales price would be a lot more important...
by Watty
Sat Sep 15, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: PSA: Cross country relocation expenses
Replies: 13
Views: 1202

Re: PSA: Cross country relocation expenses

If you are doing a company paid relocation then one thing to realize is that almost all of the expenses that the company pays except for a few things like the moving truck and limited hotel expenses are considered to be taxable income for you. For example if they pay $10,000 in real estate commissio...
by Watty
Sat Sep 15, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: How to determine quality of a finished new construction home
Replies: 45
Views: 2822

Re: How to determine quality of a finished new construction home

Best person who know is all is the city/county inspector who inspects new homes. Sure, but what are they going to tell you... it passed or it failed. :happy They don't sit down and talk with every potential buyer of every home they inspect. In my experience, inspectors love to talk. They are willin...
by Watty
Sat Sep 15, 2018 9:40 am
Forum: Personal Consumer Issues
Topic: Developer Laptop
Replies: 25
Views: 1497

Re: Developer Laptop

While I certainly can learn how to expand the hardware, do you have a good starting point on specs to where that initially doesn't need to be considered. You can watch a Youtube video to see how to do things like add memory or a hard drive so that is not hard to do. I am retired and always worked o...
by Watty
Sat Sep 15, 2018 9:14 am
Forum: Personal Consumer Issues
Topic: Developer Laptop
Replies: 25
Views: 1497

Re: Developer Laptop

If price is not an issue, I'd go with a macbook pro. It's unix-based, so that's nice. I've never had a laptop that holds up nearly as well. The only problem is the dust in the keyboard and maybe the function keys. But, overall, I like it a lot. Laptops not only tend to be less robust and harder to ...
by Watty
Fri Sep 14, 2018 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: New Job 1 year 401k wait, advice?
Replies: 12
Views: 1351

Re: New Job 1 year 401(k) wait, advice?

Unless your job starts January 1, if you need to wait a year before contributing to the 401(k), can't you contribute as much as you can a year from now until the end of 2019? +1 It sounds like you will be eligible in Mid-september of 2019 so you would have three months to max out the 401k if you sa...
by Watty
Fri Sep 14, 2018 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: how to get out of a company 401k
Replies: 5
Views: 548

Re: How to get out of a company 401k

celia wrote:
Fri Sep 14, 2018 11:06 pm
She might be able to roll it over when she turns 59.5 (or dies), but she probably doesn't look forward to either of those events anytime soon.
In HR terms that is called a "non-hardship in service withdrawal"(Google this.)
by Watty
Fri Sep 14, 2018 9:38 pm
Forum: Investing - Help with Personal Investments
Topic: So new to all this it hurts!
Replies: 13
Views: 1626

Re: So new to all this it hurts!

A couple more options; 3) Use a low cost target date fund. When I retired I moved almost all my retirement money into a target date fund to make it easier to manage as I got older or if my less financially knowledgeable spouse has to manage it someday. People sometimes assume that they are some sort...
by Watty
Fri Sep 14, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 68
Views: 4632

Re: Leasing Cars in Retirement

One big problem with a leased car in retirement is that your situation might change and you would still be stuck with the lease. There have been lots of posts with situations like a mother in law having a stroke and being in a nursing home six months after getting a car lease. I don't recall there ...
by Watty
Fri Sep 14, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: Selling Internet domain name based on family last name.
Replies: 29
Views: 2623

Re: Selling Internet domain name based on family last name.

mac_guy wrote:
Fri Sep 14, 2018 2:17 pm
Just wanted to see if anyone had any thoughts.
A bird in the has is worth two in the bush.
by Watty
Fri Sep 14, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 38
Views: 4777

Re: 401k money missing

Any updates on this?
by Watty
Fri Sep 14, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 56
Views: 5052

Re: Job burnout - Keep grinding or change?

I'll put my 5¢ in Lucy's "Psychiatry can" now. You might want to consider getting some professional counseling to figure out some of the issues that are going on. Any big career changes will also impact your spouse so you might want to have couples counseling as part of that. One huge risk if you c...
by Watty
Fri Sep 14, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Pay off 3.125% 152k mortgage early?
Replies: 37
Views: 3056

Re: Pay off 3.125% 152k mortgage early?

38 yo married with 3 kids (7,5, and zero) Income = 250-275k Annual retirement contributions (401(k), Roth, HSA,) = 50k Annual 529 contributions = 16.5k Emergency fund = 30k (4-5 months) Retirement assets = 567k 529 funds = 67k Mortgage debt = 152k fixed 3.125% ($750/month payment) I plan on working...
by Watty
Fri Sep 14, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 68
Views: 4632

Re: Leasing Cars in Retirement

All purchases in our case would trigger a large taxable event, looking at how leasing might offset that or not...... Not if you take out a loan. +1 I bought a car this year with a car loan to keep my income low enough to still get the ACA healthcare subsidy. I would have preferred to have paid cash...
by Watty
Fri Sep 14, 2018 8:07 am
Forum: Personal Consumer Issues
Topic: Can only take (1) DSLR lens..which one?
Replies: 27
Views: 659

Re: Can only take (1) DSLR lens..which one?

It’s for a 2 day trip out to a friends farm in NY state. ..... we will have 3 dogs there with us and the our families. Easy choice, take the zoom for the versatility and being able to quickly catch a photo without taking 20 steps back. With a trip like that the photos you take are much more likely ...
by Watty
Thu Sep 13, 2018 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Frozen In Place - Buying a Home - Don't know what to do
Replies: 13
Views: 912

Re: Frozen In Place - Buying a Home - Don't know what to do

My suggestion is that you gift some money now to your kids rather then preserving it all for them as an inheritance. Money that you give them now for a house downpayment or to pay for their own or their kids’ educations will be appreciated more than what they get when you are gone. The OP is only r...
by Watty
Thu Sep 13, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 9803

Re: Massive Student Loan Debt - Fiancee

.....she took out massive amount of student loan debt (130k+) to pay for her graduate program and she had 25k from her undergrad. .... ..... I make 45k annually Just for some prospective I did a quick google search and it looked like a speech therapist might make in the ballpark of $75,000 but that...
by Watty
Thu Sep 13, 2018 9:49 pm
Forum: Investing - Theory, News & General
Topic: Likelihood of Success
Replies: 8
Views: 1119

Re: Likelihood of Success

What do you mean by "success" ? And what kind of "plan" do you have in mind ? +1 And what would failure look like? For some people failure might mean things like not being able to afford to buy a second home but that would not be a dire hardship. Some people plan on just having enough to live a min...
by Watty
Thu Sep 13, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: I need a chainsaw to trim branches and limbs!!
Replies: 90
Views: 3804

Re: I need a chainsaw to trim branches and limbs!!

A good safety rule is to NEVER take a chainsaw off the ground.

If you think you need a ladder or to climb the tree then hire someone that is trained to do that.
by Watty
Thu Sep 13, 2018 8:42 am
Forum: Personal Consumer Issues
Topic: Need burner phone for wife traveling in Italy
Replies: 24
Views: 1838

Re: Need burner phone for wife traveling in Italy

Regards to all. My wife is traveling to Italy in two weeks with a group but will have a few days by herself. I would like her to purchase a cheap “Walmart” phone with a service that would allow her to text me in the US should she need to contact me. We’ve travelled several times to Europe and I kno...
by Watty
Thu Sep 13, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Credit card advice
Replies: 22
Views: 1341

Re: Credit card advice

Instead of cancelling the card, can you downgrade it to another card from the same company with no annual fee? If that's possible, you may be able to keep the old card's credit limit and account history. +1. This is a standard strategy. Another +1 You should really have more than one credit card fo...
by Watty
Thu Sep 13, 2018 12:15 am
Forum: Investing - Theory, News & General
Topic: Pension alternatives
Replies: 40
Views: 2880

Re: Pension alternatives

togb wrote:
Wed Sep 12, 2018 10:36 pm
Things to consider?
1) If you were planning on financing the purchase you may not be able to get loans to buy four houses.

2) How is this any different than just buying a REIT?
by Watty
Thu Sep 13, 2018 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 66
Views: 5519

Re: Vacation house? Need objective third party

I'd skip this house...but consider a season-long rental for next summer as a way of trying out summer life. I have friends with vacation homes in MIchigan/Wisconsin/North Carolina and their kids seemed to very much like the annual sojourns. Meanwhile, consider focusing on paying off the mortgage an...
by Watty
Wed Sep 12, 2018 11:52 pm
Forum: Personal Consumer Issues
Topic: 2005 honda accord door problems
Replies: 30
Views: 974

Re: 2005 honda accord door problems

what needs to be replaced/fixed and what is a reasonable cost? thank you in advance! The car needs to be replaced. How many miles are on the car? If it has high miles then 14 years is not a bad run for a car if you are not able to do a lot of the car repairs yourself. It it otherwise runs ok then y...
by Watty
Wed Sep 12, 2018 11:42 pm
Forum: Personal Consumer Issues
Topic: 2005 honda accord door problems
Replies: 30
Views: 974

Re: 2005 honda accord door problems

the right rear door of my 2005 Accord can only be opened from the outside. One way or the other you need to get this fixed. If you were in an accident then a passenger in the back seat could not get out. Watching a youtube video on how to do this is a good suggestion. Even if you decide not to do t...
by Watty
Wed Sep 12, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Buying townhome/home -- need opinions
Replies: 26
Views: 1871

Re: Buying townhome/home -- need opinions

Employed fulltime at a F500, in a relative LCOL-MCOL area. ...... I've been looking at 2BR homes of around 200K-250K to purchase in the next year or so... am I out of my mind? $250K for a 2BR home is not a low or probably even medium cost of living area unless it is in a prime location or maybe an ...
by Watty
Wed Sep 12, 2018 10:53 pm
Forum: Personal Consumer Issues
Topic: Subaru Forester - ready to buy
Replies: 43
Views: 4060

Re: Subaru Forester - ready to buy

A couple of things; 1) Be sure to carefully compare the 2018 specs to the 2019 specs since there may be differences in details, especially if they have upgraded the safety features and sound systems. For example an older model might have Eyesight 1.0 and the 2019 might have Eyesight 2.0 2) Here is a...
by Watty
Wed Sep 12, 2018 10:26 pm
Forum: Personal Consumer Issues
Topic: Buying used car from out of state
Replies: 1
Views: 190

Re: Buying used car from out of state

When you move between states you typically have around 30 days to change your driver's license, car title and registration, and get insurance in that state. All three of these could be a major problem even with your current car especially since you may be driving without valid car insurance since yo...
by Watty
Wed Sep 12, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Flipping a home Resident Physician flipping a home while in debt? help me weigh my pros and cons
Replies: 21
Views: 1369

Re: Flipping a home Resident Physician flipping a home while in debt? help me weigh my pros and cons

Isn’t residency training super rigorous? How would you find time to run subs much less swing your own hammer. +1 Even if you have X hours per week to to work on the house then will likely be at the wrong time since a contractor might need to meet you at 10:00 AM on Tuesday when you have other commi...
by Watty
Wed Sep 12, 2018 12:37 pm
Forum: Personal Consumer Issues
Topic: 1 year old birthday
Replies: 42
Views: 1838

Re: 1 year old birthday

Does your condo have any sort of common room that you could reserve for the day?

We are in a different situation but our subdivision has a room at the pool house that you can reserve for things like this. (This is not as fancy as it sounds.)
by Watty
Wed Sep 12, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Self Directed Accnt at BOA's Merrill Edge. Hidden Fees ?
Replies: 9
Views: 518

Re: Self Directed Accnt at BOA's Merrill Edge. Hidden Fees ?

-- > Are there any other fees that they are not telling me ? < --- There is likely an account closing fee of maybe $75 to $150 dollars per account if you ever leave. I asked about the fees. They said there are three fees. You were asking the wrong question. You can ask to see their fee schedule for...
by Watty
Wed Sep 12, 2018 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Opinion's: Best time to withdraw RMD's when required to do so.
Replies: 22
Views: 1482

Re: Opinion's: Best time to withdraw RMD's when required to do so.

There is no consensus but to me there are a lot of downsides to not taking it as one distribution early in the year; 1) If you do not take the RMD in the year you die it can be a hassle for your heirs to take the RMD and if they are are not financially savvy they may not even realise that they have ...
by Watty
Wed Sep 12, 2018 12:52 am
Forum: Personal Consumer Issues
Topic: Hurricane Florence - survival guide
Replies: 87
Views: 6345

Re: Hurricane Florence - survival guide

Something I saw mentioned on another board was that some of the areas that may flood have a lot of things like pig farms, feedlots, and sewage treatment plants that may be upstream that may flood and the flood water may be very contaminated. In addition to staying out of it having ways to try to san...
by Watty
Wed Sep 12, 2018 12:44 am
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 38
Views: 4777

Re: 401k money missing

re: OP; I am quite sure he is looking in the wrong place. if the card-key works to get in the building at work, I think the money is safe. Very likely, or an honest mistake. One thing that I have heard of is that the 401k provider has two accounts set up for the same John Smith but the online accou...
by Watty
Wed Sep 12, 2018 12:24 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 111
Views: 7214

Re: Argument for taking social security before 70. Comments?

Spousal benefits max out at age 66. They do NOT increase at 8% a year between ages 66 and 70 like workers benefits. So by deferring until age 70, our total benefit is not 32% higher but only 21% higher (or slightly over 5% a year). You need to remember that the spouse would also get the higher bene...
by Watty
Wed Sep 12, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Fine tuning income around the ACA cliff
Replies: 24
Views: 1895

Re: Fine tuning income around the ACA cliff

I can see how that would be the case if the potential subsidy was large enough to pay more than 100% cost,or is there something else going on? It is because quirk in a way the prices are set -- not fully in the control of the insurance companies. The subsidies are based on the silver plan prices. A...
by Watty
Tue Sep 11, 2018 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Auto sale to relative - sales agreement form?
Replies: 10
Views: 394

Re: Auto sale to relative - sales agreement form?

Depends on the state. +1 To prevent hard feelings if there is a future problem I would insist that she have it inspected by a mechanic before she buys it. One risk is that she has an accident where someone is hurt between the time when she buys it and when she files the paperwork to get the new tit...
by Watty
Tue Sep 11, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Mr.No - another should I pay off my mortgage, post
Replies: 31
Views: 2559

Re: Mr.No - another should I pay off my mortgage, post

I am usually a pro "pay off the mortgage" person but I don't think you are there yet. You might do something like pay it down by $200K now and then try to get the rest paid off over the next five years or so. You can contact your lender to see if they will "recast your mortgage"(Google this). They a...
by Watty
Tue Sep 11, 2018 7:35 pm
Forum: Personal Consumer Issues
Topic: Laptop for a middle school student (tech issues with Chromebook)
Replies: 7
Views: 746

Re: Laptop for a middle school student (tech issues with Chromebook)

I am not a PC guru but last week I got a refurbished Dell from Office Depot that is the same as this one except it has a small solid state drive. They are now out of that model. https://www.officedepot.com/a/products/7299689/Dell-Latitude-E5540-Refurbished-Laptop-156/ I was impressed with how clean ...
by Watty
Tue Sep 11, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5309

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

6 years old, 2 kids elementary school age, wife is SAHM Option 2 - Start a Company - ..... I worked 80 hour weeks when starting my first company, so I know the sacrifices needed and the risks involved. With kids that age I would not take on that sort of time commitment. If there is a recession in t...
by Watty
Tue Sep 11, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Two and a Half Years to Start Over
Replies: 11
Views: 1975

Re: Two and a Half Years to Start Over

The flip side is, if I just put my head down and plow forward, I can probably walk away in 6-8 years fully financially independent. Become financially independent then start your business. Depending on what the business is you may be able to start it in the evenings and weekends while you are still...
by Watty
Tue Sep 11, 2018 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: paying mortgage
Replies: 12
Views: 1701

Re: paying mortgage

avran wrote:
Mon Sep 10, 2018 9:38 pm
Not sure how to factor in rental / taxes etc. Help
If you did your own taxes in tax software you can make a copy of last years tax returns and try out different scenarios to see the after tax impact. This will also show you the impact on your state taxes.
by Watty
Tue Sep 11, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Small business credit card recommendations
Replies: 17
Views: 1067

Re: Small business credit card recommendations

One thing to be aware of is that that business credit cards will may not have many of the protections that consumer credit cards have. Will not, or may not? Do you know if any of the small business cards voluntarily offer consumer-type protections against fraud? --vtMaps That should have been "may ...
by Watty
Tue Sep 11, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Fine tuning income around the ACA cliff
Replies: 24
Views: 1895

Re: Fine tuning income around the ACA cliff

For us, we have the two conflicting priorities of staying under the ACA cliff, and doing Roth conversions. Make that three. It is important to remember that the amount of the subsidy is calculated based on your income and the maximum amount you pay is based on a percentage of your income. https://w...
by Watty
Tue Sep 11, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Fine tuning income around the ACA cliff
Replies: 24
Views: 1895

Re: Fine tuning income around the ACA cliff

47Percent wrote:
Tue Sep 11, 2018 8:32 am
Watty wrote:
Mon Sep 10, 2018 11:33 pm
That in effect puts me in the equivalent of a 21.56% federal tax bracket. (State taxes will need to be considered too.)

At that rate doing Roth conversions does make a lot of sense for me.
I think you meant to say the opposite?!
Thanks for fixing that, I fixed that.
by Watty
Tue Sep 11, 2018 9:18 am
Forum: Personal Consumer Issues
Topic: Remodel for aging in place
Replies: 44
Views: 2994

Re: Remodel for aging in place

One thing to add is a combination lockbox with your house key in it so that if you need to have someone come over to check on something you can just give them the combination over the phone to allow them to get into the house. I have had one of these on my house since we had grade school kids and it...
by Watty
Tue Sep 11, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Small business credit card recommendations
Replies: 17
Views: 1067

Re: Small business credit card recommendations

One thing to be aware of is that that business credit cards will may not have many of the protections that consumer credit cards have.