Search found 14316 matches

by Watty
Sat Nov 10, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3500

Re: International Travel during Maternity/Paternity

We are looking into traveling with the baby weeks 14-20. Mid April - End of May. A few practical problems; 1) You will need a passport for the baby and that can take a while since you probably cannot even apply for a passport until you get their birth certificate, each step can take a month or more...
by Watty
Sat Nov 10, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Worth fixing a 30-year-old Maytag dryer?
Replies: 66
Views: 12853

Re: Worth fixing a 30-year-old Maytag dryer?

We have a Maytag DE410 electric dryer and a Maytag A710 washer, both purchased new in 1983. When is the last time you replaced the washing machine hoses? Having the hose connection to a washing machine fail is a common cause of significant water damage. Even in an unfinished basement if it fails wh...
by Watty
Fri Nov 09, 2018 11:53 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3558

Re: Paper or Paperless? How and what financial records do you keep?

Has anyone ever needed a tax return older than 7 years? People sometimes find that there is an error in their Social Security earnings history that can be corrected if they have the old W-2s that show the Social Security withholding. You may want to keep or scan those until you are retired and gett...
by Watty
Fri Nov 09, 2018 7:40 pm
Forum: Personal Consumer Issues
Topic: Tips for protecting buyer from fraud by seller
Replies: 5
Views: 478

Re: Tips for protecting buyer from fraud by seller

You could
InvestorNewb wrote:
Fri Nov 09, 2018 7:33 pm
However, I finally found someone on Ebay today who sells the product for $1,600 per item and I want to buy about 10 of them.
Instead of one big order you could buy a couple at a time.
by Watty
Fri Nov 09, 2018 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Which Loan to Pay off?
Replies: 6
Views: 393

Re: Which Loan to Pay off?

Loan 1: Student Loans $298,000 at 3.625% through SoFi. 6 years left. Loan 2: Mortgage $504,000 at 4.625%. 29 years left. I would pay extra on the student loan too. If you can get it paid off in say 5 years, then for the next year you could then use your paid off "student loan payment" to then pay d...
by Watty
Fri Nov 09, 2018 2:40 pm
Forum: Personal Consumer Issues
Topic: Seeking Advice - Emergency Preparedness
Replies: 56
Views: 3285

Re: Seeking Advice - Emergency Preparedness

If you get a bid on a generator be sure to ask about if you need to keep it clear of snow.

Solar panels have two problems;
1) They can get covered with snow.
2) In the winter the days can be very short and sun will be low in the sky. There may not be enough daylight to generate much electricity.
by Watty
Fri Nov 09, 2018 8:41 am
Forum: Personal Consumer Issues
Topic: Point and shoot camera
Replies: 107
Views: 4121

Re: Point and shoot camera

With a point and shoot camera by far the most important thing is that feels "right" when you use it. This is especially important if you are left handed or wear glasses. I would just go into a place that still sells Cameras, like Best Buy, and buy one in person. Some may be technically better than o...
by Watty
Fri Nov 09, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: Seeking Advice - Emergency Preparedness
Replies: 56
Views: 3285

Re: Seeking Advice - Emergency Preparedness

We have a natural gas insert with realistic looking fake logs in our fireplace that can run without electricity. We don't live in a harsh part of the country but we have had a few power outages in ice storms where we would turn that on to at least keep the living room from getting too cold. We actua...
by Watty
Fri Nov 09, 2018 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Payoff Mortgage
Replies: 12
Views: 1496

Re: Payoff Mortgage

dylanand wrote:
Fri Nov 09, 2018 12:33 am
I mean I want to use retirement assets, as much as possible
Why you said you had a million dollars in non-retirement assets. It still is not clear why you would not use that to pay off the mortage.
by Watty
Fri Nov 09, 2018 12:49 am
Forum: Personal Consumer Issues
Topic: Career/Life Advice Needed - When to start a business?
Replies: 20
Views: 1438

Re: Career/Life Advice Needed - When to start a business?

I’m not overly enthusiastic about my job right now and feel I could be doing “more” with my life. Plus, I HATE all the bureaucracy and politics. I have never run my own business but I would suspect that you could be going from the frying pan into the fire and might have a lot more to deal with in d...
by Watty
Thu Nov 08, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement withdrawal plan Fall 2019, ACA vs Roth conversions
Replies: 10
Views: 900

Re: Retirement withdrawal plan Fall 2019, ACA vs Roth conversions

We will be working part time in 2019 and will make approximately 150K. I can get COBRA health insurance for 1400 / month vs. 250 for a bronze plan with ACA tax subsidies (2019 rates). There is no way you would get a subsidy if you make $150K. Be sure to look at the details of the ACA plan. It may h...
by Watty
Thu Nov 08, 2018 10:54 pm
Forum: Personal Consumer Issues
Topic: Lowest Cost GPS-Capable Device for Senior Citizen
Replies: 18
Views: 1005

Re: Lowest Cost GPS-Capable Device for Senior Citizen

For a cheap, easy to use, easy to read and reliable device for vehicle use, I would go with a Garmin stand-alone unit. It is a one-purpose device, but for this scenario, I think it fills the bill. +1 It will probably also have a louder speaker than a cell phone. It would also be a one time cost. Th...
by Watty
Thu Nov 08, 2018 10:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help - Expect to inherit relatively large sum
Replies: 12
Views: 2138

Re: Help - Expect to inherit relatively large sum

You would also want to make sure that you are maxing out your retirement accounts for 2018 and 2019. I will probably continue to step it up some, but I have been hesitant because of the high fees (its administered by Principal with limited investment options). I also have a bit of a tin-foil hat, a...
by Watty
Thu Nov 08, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Kitchenware Plastic Alternatives
Replies: 9
Views: 900

Re: Kitchenware Plastic Alternatives

I would have been concerned about what glue and chemicals they would have used on bamboo. One problem with metal is that it is a good conductor and hot food will get cold quickly. Cold food and beverages will likely have a lot of condensation on the outside. I agree that glass and ceramic is a good ...
by Watty
Thu Nov 08, 2018 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help - Expect to inherit relatively large sum
Replies: 12
Views: 2138

Re: Help - Expect to inherit relatively large sum

Completely agree with MotoTrojan: Sell it all upon inheritance to take advantage of the step up in basis, and then invest how you see fit. +1 There is a wiki on the stepped up cost basis. https://www.bogleheads.org/wiki/Step-up_in_basis A lot of mutual funds have dividend distributions in December,...
by Watty
Thu Nov 08, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.
Replies: 19
Views: 2391

Re: Inherited ~200k cash. 27-28y/o. Want to go to grad school/medical school. Want to invest in real estate right now.

A couple of things; 1) I would take buying any real estate off the table at least until you figure out what you want to do as far as school and you get accepted into a program. With being a first time landlord you do not want to be a long distance landlord. 2) It gets a lot harder to justify buying ...
by Watty
Thu Nov 08, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much to offer on new construction home
Replies: 31
Views: 2217

Re: How much to offer on new construction home

I still think $680K is what I would want to pay and maybe an absolute max of $690K (still undecided if I am willing to go that high). What to do next really depends on your local market so there is no way that you will get good advice on a board like this. I would just take a hard look at what else...
by Watty
Thu Nov 08, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 131
Views: 9696

Re: Favorite "free stuff"?

it is not totally free but the senior lifetime national park pass that used to be $10 that is now $80. Even at $80 it fantastic thing to have if you can use it.
by Watty
Thu Nov 08, 2018 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Need Advice Regarding Where to Put Retirement Funds
Replies: 7
Views: 909

Re: Need Advice Regarding Where to Put Retirement Funds

Here is an article about what John Bogle said about the choice a while back. https://www.cbsnews.com/news/john-c-bogle-on-the-sp-500-vs-the-total-stock-market/ It is just me but one thing am not entirely comfortable with is how much weighting the S&P 500 gives to the largest companies like Apple, Mi...
by Watty
Thu Nov 08, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: TSP(401k?) to IRA to ROTH - questions
Replies: 30
Views: 1215

Re: TSP(401k?) to IRA to ROTH - questions

Be sure to understand the inheritance rules if you leave the money in the TSP. Here is what I have posted about that before. You need to understand the details of the inheritance laws for the TSP since they are not as good as for an IRA. It might make sense to roll the money into an IRA just for the...
by Watty
Thu Nov 08, 2018 9:30 am
Forum: Personal Consumer Issues
Topic: Anyone here retire in two homes
Replies: 24
Views: 3051

Re: Anyone here retire in two homes

A lot of people do this when they snowbird in places like Florida or Arizona. You can likely Google snowbirding tips but one big issue is where your primary residence legally is since that can determine which state your pay taxes in and car registration. Avoiding becoming a tax resident may require ...
by Watty
Wed Nov 07, 2018 10:48 pm
Forum: Personal Consumer Issues
Topic: High-end Christmas decorations
Replies: 41
Views: 3926

Re: High-end Christmas decorations

bottlecap wrote:
Wed Nov 07, 2018 9:32 pm
Seems crazy to skip the decorations and be "bummed" this year in the hopes of saving 30% on some slim pickings after the holidays.
+1

Get a modest set now,or make your own decorations, and then get a few high end pieces each year when you find them.
by Watty
Wed Nov 07, 2018 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: How much is too much in savings account?
Replies: 17
Views: 3735

Re: How much is too much in savings account?

I would suspect that the money might eventually be used for things like buying a car, a house downpayment, a vacation, moving to a new apartment, etc. If that is the case then a savings account is fine, but you should find one that pays a reasonable amount of interest, some of the local banks pay ne...
by Watty
Wed Nov 07, 2018 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Take SS or do Roth conversion
Replies: 7
Views: 969

Re: Take SS or do Roth conversion

Any ideas? A couple of sort of random thoughts. 1) Will you be maxing out all your retirement accounts? 2) Reading between the lines I would suspect that you may have ample means and will eventually leave a significant estate. The estate planning aspects could be very important. You might be in a h...
by Watty
Wed Nov 07, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Payoff Mortgage
Replies: 12
Views: 1496

Re: Payoff Mortgage

dylanand wrote:
Wed Nov 07, 2018 7:03 pm
$1M in non retirement assets
....
Thinking about $100k from Roth IRA and $200k from Assets - About $500k is in MM earning 2%
Why earth would you take the money out of the Roth when you have it sitting in a money market account?


I agree that paying off the mortage makes sense.
by Watty
Wed Nov 07, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Save for future vehicles vs. pay down mortgage
Replies: 11
Views: 517

Re: Save for future vehicles vs. pay down mortgage

I guess I was overthinking it based on interest rates. +1 For a $20,000 car loan the average balance would be $10,000 between the time you buy the car and pay it off. If you manage to get an extra 2% that is $200 which is hardly a life changing amount. That is nice enough but when you look at commi...
by Watty
Wed Nov 07, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: cost to rebuild hvac return in crawl space
Replies: 8
Views: 811

Re: cost to rebuild hvac return in crawl space

I could be that $3,000 is a informal minimum to do projects like that. I once had to have the ductwork replaced in a crawlspace after a flood. Instead of replacing it metal ducts they use flexible ductwork like this; https://www.homedepot.com/p/Master-Flow-8-in-x-25-ft-Insulated-Flexible-Duct-R6-Sil...
by Watty
Wed Nov 07, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?
Replies: 26
Views: 2286

Re: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?

This thread is from 2017 so unless they have access to a Tardis it is too late to give any advice.
by Watty
Wed Nov 07, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Pricing a car sale to a friend
Replies: 7
Views: 530

Re: Pricing a car sale to a friend

I would use Edmunds.com to get both the trade in value and the private party sale value then sell it at the trade in price. https://www.edmunds.com/appraisal/ This is more generous than it sounds since the prices you see on the internet are only averages. For something like a one owner Toyota that w...
by Watty
Wed Nov 07, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Should I wait to deposit my 401k rollover check from Fidelity?
Replies: 14
Views: 850

Re: Should I wait to deposit my 401k rollover check from Fidelity?

I'm always nervous with largish checks in my possession. What happens if I lose it or the dog eats it or I spill coffee on it or it gets stolen or ...? +1000 There are lots more possible problems like the check could get lost in the mail especially during the holiday season and you would need to ge...
by Watty
Wed Nov 07, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 28
Views: 2222

Re: New job concerns

Based on the train schedule, I’ve been taking a 7:15 to work each morning and then a 4:30 home. .... 9-5, but ours is 9-6. With the hour commute does that mean that you are in only in the office from about 8:30 AM until 4:15 PM ? If so then that does not seem like a very long work day even if you o...
by Watty
Wed Nov 07, 2018 9:37 am
Forum: Personal Consumer Issues
Topic: Christmas gift suggestions for 2.5 year old?
Replies: 20
Views: 930

Re: Christmas gift suggestions for 2.5 year old?

For years when my son was small my parents gave us a membership in the local zoo. That worked out really well and we enjoyed it since with a membership we could stop by for an hour or two and not have to worry about what the admission cost. Even when he was a younger teenager that still worked since...
by Watty
Wed Nov 07, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?
Replies: 180
Views: 10997

Re: Is it more advantageous to live in HCOL or LCOL area in terms of financial independence?

When talking about "flyover country" one thing to keep in mind is that even a smallish farm is a million dollar business so it is a lot more complex than thinking of it as some sort of economic wilderness. You mean like a smallish dental office? Do those farms employ financial annalists or speech r...
by Watty
Wed Nov 07, 2018 12:48 am
Forum: Personal Finance (Not Investing)
Topic: How high can House prices go
Replies: 43
Views: 5025

Re: How high can House prices go

One thing about bubbles is that they often go on for longer and get higher than a rational person would think possible. I am curious to learn how the dynamics of house prices work. Another thing to consider is that over time that not only do home prices change but the size and features of the house ...
by Watty
Tue Nov 06, 2018 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: House for sale - new sink and tub OR reglaze?
Replies: 9
Views: 978

Re: House for sale - new sink and tub OR reglaze?

If you are using a real estate agent you should really talk to them so find out what they think would be best in your local market. Right now we don't even know if this is an $80,000 condo in the midwest or a million dollar condo in an expensive area and that could make a huge difference in what you...
by Watty
Tue Nov 06, 2018 10:03 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3558

Re: Paper or Paperless? How and what financial records do you keep?

Before you start reorganizing everything one thing to do is to get a copy of your Social Security earnings history and verify that it at least looks reasonable and does not have any unexpected zero years. If you need to get any of these corrected it might be easier to find the needed paperwork befor...
by Watty
Tue Nov 06, 2018 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: auto accident
Replies: 4
Views: 865

Re: (My fault) auto accident

mhalley wrote:
Tue Nov 06, 2018 7:40 pm
Get a lawyer.
+1

It would also be good to report your post and ask that this thread be deleted. Admitting fault on a message board could cause you problems.
by Watty
Tue Nov 06, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with windfall
Replies: 34
Views: 2648

Re: What to do with windfall

There is a wiki on managing a windfall and one of the things that is encouraged is to just put it someplace ultrasafe for at least six months while you decide what to do with it. https://www.bogleheads.org/wiki/Managing_a_windfall My wife (32) and I (31) will receive a windfall of about $50k...... M...
by Watty
Tue Nov 06, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Never thought of living in Bay Area but just got a call from Tesla
Replies: 72
Views: 7428

Re: Never thought of living in Bay Area but just got a call from Tesla

A few things; 1) It has been a long time since I lived there but don't underestimate how bad the traffic can be. Even a seven mile commute can be painful at rush hour. This also means that doing things like going to a movie on a weeknight can be hard to do if you need to go home to pick up your spou...
by Watty
Tue Nov 06, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a used car
Replies: 31
Views: 1813

Re: Buying a used car

Just for brainstorming your might also compare the numbers with buying a new Hyundai Tucson or Santa Fe to your list. They have a full five year warranty and a ten year powertrain warranty. The warranty does not transfer as a used car so buying a used Hyundai is a lot different. I have not priced th...
by Watty
Tue Nov 06, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Am I buying too much house??! What kind of mortgage?
Replies: 26
Views: 4514

Re: Am I buying too much house??! What kind of mortgage?

The biggest financial mistake physicians make is marrying the wrong person and getting a divorce. That is what a prenuptial agreement is for. Even with a reasonable prenuptial agreement there would likely still be a significant financial settlement in a divorce after a long marriage but in that sit...
by Watty
Tue Nov 06, 2018 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Save tuition money or fund 401(k)?
Replies: 10
Views: 893

Re: Save tuition money or fund 401(k)?

Probably time for your son to start job shopping for an employer who will pay for grad school +1 He wants to get his Master’s degree in Engineering about two to three years from now; it is a two-year program. If that is a full time program then he needs to consider it may not be cost effective. The...
by Watty
Tue Nov 06, 2018 5:21 am
Forum: Personal Finance (Not Investing)
Topic: Income in retirement?
Replies: 14
Views: 1929

Re: Income in retirement?

How are people investing for income? Where do you put the bulk of your money if you are retired or soon to be? I retired a few years ago and most of my funds were in retirement accounts where tax efficiency is not an issue so I just put it all into the Vanguard Target Date 2015 fund. As I understan...
by Watty
Mon Nov 05, 2018 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Growing into a house
Replies: 15
Views: 2266

Re: Growing into a house

Currently income 250-300k, we find ourselves contemplating 450-500k new build house ...... area (not quite as nice neighborhood) and potentially move later - these would still likely run around 350k or so It is easy to spend other people's money but having a mortage that is about $100K larger would...
by Watty
Mon Nov 05, 2018 10:07 pm
Forum: Personal Consumer Issues
Topic: Antique Dealers-Baby Sterling Silver Items
Replies: 5
Views: 633

Re: Antique Dealers-Baby Sterling Silver Items

You can look them up on eBay to see what they have been selling for.
by Watty
Mon Nov 05, 2018 9:56 pm
Forum: Personal Consumer Issues
Topic: Car buying: New vs. Used IF you keep it for 8+ years paying cash.
Replies: 16
Views: 2384

Re: Car buying: New vs. Used IF you keep it for 8+ years paying cash.

I heard of a 7-8 year rule of it being worth it then (or older) over say buying one 2016 36,000 The way that I look at it that I will sell either a new or used car when it is the same age, like ten years. For example if I bought a three year old 2016 car I would keep it seven years until it is ten ...
by Watty
Mon Nov 05, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Am I buying too much house??! What kind of mortgage?
Replies: 26
Views: 4514

Re: Am I buying too much house??! What kind of mortgage?

Here is a "Rent vs Buy" calculator that will help you see if renting or buying a compelling choice in your area. https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html However, when you are a young, successful, well educated, high earning female, the prospects of men with a similar...
by Watty
Mon Nov 05, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe Federal + State $29.95
Replies: 94
Views: 7809

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

....but I will also be holding off to see the Black Friday/Cyber Monday deals on Amazon, which have reliably been under $20 in recent years, according to camelcamelcamel. (Plus my Discover Card is giving me 10% cash rewards on Amazon purchases this quarter, so I am shooting for a net cost of under ...
by Watty
Mon Nov 05, 2018 2:45 pm
Forum: Investing - Theory, News & General
Topic: How to know if you’re “On Track”?
Replies: 13
Views: 2099

Re: How to know if you’re “On Track”?

How do you measure whether you’re OK for retirement, as far as being on track for the number you want to reach in your portfolio by age 65? I am retired now but when I was planning my retirement I always used the age of 60 for my goal to allow me to more easily work a few more years if my portfolio...
by Watty
Mon Nov 05, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: ACA question -please help
Replies: 7
Views: 648

Re: ACA question -please help

If my wife qualifies for subsidy with threshold in 60K region we could us post tax savings for one year and save a significant percentage of premium.We would not have enough posttax savings to keep below two years worth of threshold as I would need to withdraw from pretax.We started doing conversio...