Search found 22096 matches

by Watty
Sat Apr 17, 2021 7:03 pm
Forum: Personal Investments
Topic: If you miss the 401k rollover period, are you stuck with that provider forever?
Replies: 7
Views: 611

Re: If you miss the 401k rollover period, are you stuck with that provider forever?

The best way to move it is to call the new company(Vanguard, Fidelity, etc) and they will walk you through the process and deal with the old company directly once they have the paperwork authorizing them to move her funds.
by Watty
Sat Apr 17, 2021 6:59 pm
Forum: Personal Consumer Issues
Topic: Temp change in remote location - tell employer?
Replies: 31
Views: 2039

Re: Temp change in remote location - tell employer?

What is your opinion on it? If you have to ask us, then it is likely a good idea to mention it informally with your manager. One thing I would be concerned about is that you could get to where you are going only to find out that the internet connection or cell phone reception is not adequate and th...
by Watty
Sat Apr 17, 2021 5:01 pm
Forum: Personal Consumer Issues
Topic: A/C in the garage
Replies: 12
Views: 895

Re: A/C in the garage

Is the garage and garage door insulated?

If not then the electric bills might be very high so it would be good to also plan on insulating it. It might be less expensive for her to rent some place to run the business out of.
by Watty
Sat Apr 17, 2021 3:39 pm
Forum: Personal Consumer Issues
Topic: How to locate a photograph on the internet?
Replies: 14
Views: 1022

Re: How to locate a photograph on the internet?

If you have not already done it you can also check on ancestry.com, familysearch.org, or less likely findagrave.com to see if anyone has posted the same picture with more information. Your local library likely has an ancestry.com subscription or you can use a free trial. You might also try searching...
by Watty
Sat Apr 17, 2021 11:38 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidy cliff now going away! Yay!
Replies: 161
Views: 18055

Important: Check your ACA plan for a possible reduction.

[Thread merged into here --admin LadyGeek] I get a significant subsidy on my ACA healthcare plan and I was just able to get it recalculated with the new law changes to significantly increase the subsidy so I will be paying a lot less out of pocket each month. On Wednesday I got a short email from H...
by Watty
Sat Apr 17, 2021 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Selling a new house with a defective roof - how to proceed?
Replies: 16
Views: 1108

Re: Selling a new house with a defective roof - how to proceed?

With 20/20 hindsight one thing that would have been good was if you had had the house inspected before you closed on your purchase of it. It is not uncommon to have new homes inspected and some people will even have the house inspected at several points during the construction like before the drywal...
by Watty
Sat Apr 17, 2021 9:41 am
Forum: Personal Finance (Not Investing)
Topic: When to transfer vehicle title to Teen?
Replies: 4
Views: 442

Re: When to transfer vehicle title to Teen?

Any reason I shouldn't transfer it to him? I had a similar situation when my son was in college and we kept the car title in our name until he graduated so that he would be covered under our umbrella policy. That also required fairly high limits on the car insurance. That was not cheap but we did n...
by Watty
Sat Apr 17, 2021 12:50 am
Forum: Personal Consumer Issues
Topic: Selling house in 2 yrs: what should I spruce up?
Replies: 14
Views: 1628

Re: Selling house in 2 yrs: what should I spruce up?

Fixing things that are actually broken usually makes sense because if a potential buyer sees even little things that are broken, like a doorknob, they may take that as a sign that the rest of the house has also been poorly maintained. Be very cautious about spending a lot on other cosmetic improveme...
by Watty
Sat Apr 17, 2021 12:38 am
Forum: Personal Finance (Not Investing)
Topic: New vs used car in a strong used car market
Replies: 19
Views: 1266

Re: New vs used car in a strong used car market

I am also considering getting a new Forester this year. I got a monthly subscription for Consumer Reports and their top rankings and scores are; Forester 89 Mazda CX5 83 Honda CRV 82 Kia sportage 81 You may want to check the most recent US News auto ratings. CRV is ranked number one, and the Forest...
by Watty
Fri Apr 16, 2021 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: New vs used car in a strong used car market
Replies: 19
Views: 1266

Re: New vs used car in a strong used car market

One thing to watch out for is that a lot of the new advanced safety features have been phased in over the last few years so a 5 year old used car may be a lot different than a new car with it comes to safety. Toyota made a lot of advanced safety features standard equipment in 2018. Even ten+ years a...
by Watty
Fri Apr 16, 2021 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: What to do next for our savings after maxing out everything?
Replies: 36
Views: 2549

Re: What to do next for our savings after maxing out everything?

What to do next for our savings after maxing out everything? With a user name of "Workaholic" you might want to consider if you are currently saving enough and if it might be time to consider if you should spend some of the extra money on the "now" side of the Now vs Later balan...
by Watty
Fri Apr 16, 2021 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Selling old car - CarMax etc.
Replies: 40
Views: 2824

Re: Selling old car - CarMax etc.

SlowMovingInvestor wrote: Fri Apr 16, 2021 4:26 pm but the check airbag light is on
Be sure to check if it was in the big airbag recall. You may be able to get the airbag replaced for free.

https://www.nhtsa.gov/recalls
by Watty
Fri Apr 16, 2021 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Spend down cash to bridge to social security?
Replies: 21
Views: 2181

Re: Spend down cash to bridge to social security?

One advantage I saw in spending down cash is that my income in those years would be next to nothing--ergo, hardly any taxes. That could mean that you are in a low tax bracket which could make it a good time to do 401k withdrawals. Most likely the best choice will be to spend money from a mixture of...
by Watty
Fri Apr 16, 2021 1:47 pm
Forum: Personal Investments
Topic: Retirement Plan Review and things I need to learn
Replies: 7
Views: 1219

Re: Retirement Plan Review and things I need to learn

The desire is to do 4.5% WD ($135,000) ..... Tax Rate: 24% Federal, No State Income Tax ..... Expected Social Security: $59,000 (Both of ours combined, I’ll claim at 70.) Be sure to look at your retirement tax brackets. The way Social Security is taxed will complicate it but I doubt that you will h...
by Watty
Fri Apr 16, 2021 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Fixing a simple tax error from 4 years ago
Replies: 13
Views: 1158

Re: Fixing a simple tax error from 4 years ago

Don't forget your state taxes too. When I have had to file an amended return the tax software handled my federal return pretty painlessly. For the state tax return it was pretty much useless and just printed out instructions on how to file the amended return myself using paper forms. But to make sur...
by Watty
Fri Apr 16, 2021 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: At what salary range to move out of a HCOL state?
Replies: 21
Views: 2095

Re: At what salary range to move out of a HCOL state?

Moving out to another state is an option we are considering, but I should expect a decrease in my annual pay as well. That varies widely with the area you are looking at living in and what field you work in. I retired out of corporate IT and I moved around the country a few times and the salaries d...
by Watty
Fri Apr 16, 2021 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Can I make a Roth for my daughter?
Replies: 26
Views: 2483

Re: Can I make a Roth for my daughter?

A couple of points; 1) I am not sure of the details of the current rules but having the money in her name could reduce any college financial aid that the might qualify for. 2) It might seem obvious but make sure that she knows about and understands the account. People have posted about situations wh...
by Watty
Fri Apr 16, 2021 10:03 am
Forum: Personal Finance (Not Investing)
Topic: 2017 tax records.. Destroy?
Replies: 20
Views: 2059

Re: 2017 tax records.. Destroy?

(dont' worry i keep electronic copies of the return and some key documents like my 5498 to prove roth ira contributions/conversions) Be sure to also keep copies of your W2s at least until you start Social Security. People have posted about finding out that they their Social Security earnings histor...
by Watty
Fri Apr 16, 2021 9:56 am
Forum: Personal Finance (Not Investing)
Topic: OK to rollover during a refinance?
Replies: 1
Views: 131

Re: OK to rollover during a refinance?

Why give Murphy's Law a chance to cause problems?

Doing the refinance should only take around month so I would put the rollover on the back burner until that is done.
by Watty
Fri Apr 16, 2021 9:42 am
Forum: Personal Consumer Issues
Topic: replace front door; Home Depot?
Replies: 13
Views: 1018

Re: replace front door; Home Depot?

Yes to both your questions. But be forewarned, those contractors that work for big box stores are generally not the top shelf type contractor so you may not get the job you were hoping for. Generally, those that do good work, soon move on and open up their own business where they have much more con...
by Watty
Fri Apr 16, 2021 9:17 am
Forum: Personal Investments
Topic: Insane Roth conversion Idea to qualify for max ACA subsidies
Replies: 10
Views: 1156

Re: Insane Roth conversion Idea to qualify for max ACA subsidies

I do not see where it makes any sense because it is impossible to predict what the ACA subsidy numbers will look next year, much less 8 years from now. It might not even exist 8 years from now, which could be either good or bad for you.
by Watty
Fri Apr 16, 2021 8:33 am
Forum: Personal Consumer Issues
Topic: local dealers offering to buy car for more than you paid?
Replies: 35
Views: 2225

Re: local dealers offering to buy car for more than you paid?

Just for some perspective I have a Corolla that I bought new about three years ago. It is a nice car but it is about as uncollectible a car as you could think of. After hearing how crazy the used car market are out of curiosity I got a quote from Carvana to see what they would pay for it and they of...
by Watty
Fri Apr 16, 2021 7:24 am
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 97
Views: 5291

Re: can I get boglehead approval for a 70K truck?

31 y/o, 300-400K/year salary. anybody have any issues with my order of the cyber truck at 70K? One big issue is that from what you said your net worth is pretty low relative to your income. Unless you have a lot of other assets that you did not mention then you need to really figure out just where ...
by Watty
Fri Apr 16, 2021 1:04 am
Forum: Personal Investments
Topic: Going to receive around $1 million - what to do ?
Replies: 35
Views: 5562

Re: Going to receive around $1 million - what to do ?

There is a wiki on how to handle a windfall. https://www.bogleheads.org/wiki/Managing_a_windfall A big point is to just park the money someplace very safe for six months to a year while you come up with a long term plan. I would pay off the car loan and HELOC before doing that. You may also want to ...
by Watty
Fri Apr 16, 2021 12:35 am
Forum: Investing - Theory, News & General
Topic: Move towards a higher stock allocation after a crash
Replies: 67
Views: 3875

Re: Move towards a higher stock allocation after a crash

You are making this too complicated.

If you have a fixed stock and bond asset allocation then you will automatically be selling bonds to buy stocks after a stock market crash.
by Watty
Thu Apr 15, 2021 7:32 pm
Forum: Investing - Theory, News & General
Topic: Sequence of Returns Risk Scenario
Replies: 39
Views: 2597

Re: Sequence of Returns Risk Scenario

As long as you don't care when you retire, it might make sense. You have no assurances that you will "hit 25x" in the timeframe you desire. And being at 100% equity implies a higher level of volatility. Another risk is that you may not be able to control when you retire if something happe...
by Watty
Thu Apr 15, 2021 3:15 pm
Forum: Personal Consumer Issues
Topic: Negotiating for a new car (in the US)
Replies: 10
Views: 982

Re: Negotiating for a new car (in the US)

Here is a post I did about buying a new car a few years ago by getting offers on the internet. https://www.bogleheads.org/forum/viewtopic.php?f=11&t=239526 There is also a long ongoing car buying thread. https://www.bogleheads.org/forum/viewtopic.php?t=124638 You can likely find a forum about th...
by Watty
Thu Apr 15, 2021 1:01 pm
Forum: Personal Investments
Topic: sell all rental homes in one year or stager them yearly
Replies: 21
Views: 1630

Re: sell all rental homes in one year or stager them yearly

There is also a non-zero chance that if you do not sell them soon that one of you could die and the survivor would be in the higher single tax brackets when they sell the houses. This is especially true if you decide to not sell them for 5 or 10 years or more. Isn’t the cost basis stepped up on the...
by Watty
Thu Apr 15, 2021 9:23 am
Forum: Personal Investments
Topic: sell all rental homes in one year or stager them yearly
Replies: 21
Views: 1630

Re: sell all rental homes in one year or stager them yearly

We cannot talk about politics or proposed legislation because of the board rules but one risk of not selling them this year is that there could be tax law changes which could mean that if you delay the sale the tax rates could be higher when you do sell them. There is also a non-zero chance that if ...
by Watty
Thu Apr 15, 2021 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Biggest expenses in life
Replies: 50
Views: 4095

Re: Biggest expenses in life

Travel. We did not spend much compared to what many other people here spend and some of our other expenses categories have been more but we have spent a significant amount on travel and I do not regret that. I am really glad that we did that when we could because; 1) Before the pandemic over tourism...
by Watty
Wed Apr 14, 2021 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Unknown phone numbers on credit reports?
Replies: 13
Views: 1229

Re: Unknown phone numbers on credit reports?

One possibility is that they could be an employer's phone number that you do not recognize.
JS-Elcano wrote: Wed Apr 14, 2021 12:05 pm ...but today I found two telephone numbers that I don't recognize on two of my reports.
You can google the numbers on the credit reports to see if that gives you any information.
by Watty
Wed Apr 14, 2021 10:49 pm
Forum: Personal Investments
Topic: Son (20) opening a Roth—investment options?
Replies: 21
Views: 1208

Re: Son (20) opening a Roth—investment options?

Another option would be a target fund like Vanguard Target Retirement 2060 Fund (VTTSX) which has a $1000 minimum. +1 Getting him on path with target date funds is good choice and he could even stick with those forever and still do better than most people. Starting early and getting on a good autom...
by Watty
Wed Apr 14, 2021 10:39 pm
Forum: Personal Investments
Topic: Portfolio Review - Consolidated Accounts and Too Many funds!
Replies: 6
Views: 567

Re: Portfolio Review - Consolidated Accounts and Too Many funds!

Desired Asset allocation: 70% Stock/30% Bonds - open to different allocation recommendations in either direction (current 54%/46%) and interestingly, through only random luck and no planning, our current total portfolio sits right on the efficient frontier with a 15-mo return of 11.2% and St. Dev o...
by Watty
Wed Apr 14, 2021 10:27 pm
Forum: Personal Investments
Topic: Funding Early Retirement
Replies: 10
Views: 2362

Re: Funding Early Retirement

Have you used various tools (opensocialsecurity.com in particular) to evaluate this? One nice thing about that website is that you can also use it to compare the optimal strategy to an alternative strategy to see what it calculates ad the difference in value. For me the difference between the optim...
by Watty
Wed Apr 14, 2021 9:57 pm
Forum: Personal Investments
Topic: Review my Retirement Plan - Health Care, Taxes, Pension, SS
Replies: 9
Views: 1191

Re: Review my Retirement Plan - Health Care, Taxes, Pension, SS

It would be good to check this web site to see what it suggests for a Social Security claiming strategy. https://opensocialsecurity.com/ Should I be concerned about carrying a mortgage (see notes above) into retirement (2.9% rate), even though it is factored into my yearly spending ? There are lots ...
by Watty
Wed Apr 14, 2021 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Power of a personal real estate offer letter
Replies: 77
Views: 4774

Re: Power of a personal real estate offer letter

As a cynic, I would automatically assume that anything written was fake and specifically designed to sway me. +1000 An additional problem with these is that they will often reveal that potential buyer is a protected discrimination class(or not) so that if you the house for a lower price then you co...
by Watty
Wed Apr 14, 2021 1:33 pm
Forum: Personal Consumer Issues
Topic: Offering position to candidate interviewed 7 months ago
Replies: 22
Views: 1176

Re: Offering position to candidate interviewed 7 months ago

It never hurts to ask. The worst they can do is say no, and you’re in the same spot you would be if you didn’t ask. +1 If I was the job candidate though I would have these concerns about the job so you should address these upfront. 1) Maybe the first candidate was fine but the job sucked and they l...
by Watty
Wed Apr 14, 2021 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?
Replies: 78
Views: 6929

Re: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?

Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)? Yes if it is a personal check. In all the paperwork you sign there is likely something that allows them to set up a car loan for you if your check bounces. Part of the credit check is also go through so...
by Watty
Wed Apr 14, 2021 11:38 am
Forum: Personal Finance (Not Investing)
Topic: How foolish is this? [Buying waterfront apartment in Florida]
Replies: 92
Views: 8178

Re: How foolish is this?

One thing to keep in mind is that if you are planning on renting it out then that might not be allowed. Even normal condos often have a restriction on the percent of units that can be rented out since if the percentage of rentals goes above a certain level future owners cannot get normal mortgages. ...
by Watty
Wed Apr 14, 2021 10:43 am
Forum: Personal Investments
Topic: Suggestions for 70 year old Retiree
Replies: 11
Views: 1499

Re: Suggestions for 70 year old Retiree

2. Any other thoughts on tax efficient portfolio set-up or activities? Her beneficiaries are all set-up and we're working through some estate planning activities. We talked last weekend about DAF's and am going to run through some tax scenarios with her in the near future. She is doing great financ...
by Watty
Wed Apr 14, 2021 10:14 am
Forum: Personal Finance (Not Investing)
Topic: How close to retirement age would you start to coast instead of grinding it out?
Replies: 110
Views: 10044

Re: How close to retirement age would you start to coast instead of grinding it out?

I am hoping to retire around age 55, and after a largely stressful multi-decade career of non-stop grind, am still about 10 years away. Likely to hit my number either way, but wondering if doing a high-stress, high-pay job is worth it: I am retired now but over my career one thing I saw over and ov...
by Watty
Wed Apr 14, 2021 9:16 am
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 54
Views: 3610

Re: 10+ year old used cars?

Of course, safety has been important to us, but we probably haven't appreciated it enough. And with a teenager coming of driving age soon, it's definitely another factor to weigh seriously. In another recent thread someone pointed out this link about used cars for teenage drivers, but it is from la...
by Watty
Tue Apr 13, 2021 8:34 pm
Forum: Personal Investments
Topic: Help with advising sister who's husband just passed.
Replies: 17
Views: 1790

Re: Help with advising sister who's husband just passed.

Rolling the 401k into an inherited IRA at Vanguard and putting into a target date fund would be a good safe choice. Later on she can move the money into something else without any tax issues if she wants to. She can contact Vanguard and they should be able to walk her through the process. There is a...
by Watty
Tue Apr 13, 2021 6:57 pm
Forum: Personal Consumer Issues
Topic: Cicadas
Replies: 23
Views: 1775

Re: Cicadas

One thing to watch out for is that snakes, especially copperheads, apparently love cicadas and will even feed on them on warm nights.

https://www.ajc.com/life/why-brood-x-ci ... TX54EJGHY/
by Watty
Tue Apr 13, 2021 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Former employer won't change my employment status with 401k provider
Replies: 13
Views: 1072

Re: Former employer won't change my employment status with 401k provider

If you sent the email to an individual you knew they may no longer be working for the company or they may have gotten married or divorced and changed their name and be using a new email address. If you are sending it to a generic HR email address they may have changed that to something else. As othe...
by Watty
Tue Apr 13, 2021 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Home in SoCal
Replies: 91
Views: 6251

Re: Buying a Home in SoCal

Sell the rental. Not only are the numbers bad but if you own the rental and buy a house to live in you will have way too much of your net worth in real estate which would be a diversification problem. Get family and/or individual counseling you have a lot going and if you have kids that will only ma...
by Watty
Tue Apr 13, 2021 5:08 pm
Forum: Investing - Theory, News & General
Topic: What's your definition of "Family Money"?
Replies: 47
Views: 5466

Re: What's your definition of "Family Money"?

Would love to hear your definitions! It can mean anything. There was a post a while back where someone mentioned an older relative thought they were well off because of their extensive Beanie Baby collection. :oops: I've followed the Boglehead philosophy before I knew there was a name for it and ha...
by Watty
Tue Apr 13, 2021 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House in Today’s Market
Replies: 15
Views: 1646

Re: Buying a House in Today’s Market

2 car leases between the 2 of us, both up in late fall of this year so we have a chance to make a change at that time With the used car market being so crazy buying the car at the end of the lease will likely make sense even if you then just sell the car. You can check CarMax and Carvana to see wha...
by Watty
Tue Apr 13, 2021 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House in Today’s Market
Replies: 15
Views: 1646

Re: Buying a House in Today’s Market

After Tax Accounts: 339k ...... How much house can we afford? I assume that after tax account is just in a brokerage or bank in what most people would call a taxable account. If that is correct then you can afford pretty much any of the houses that you posted about by selling off a lot of that and ...
by Watty
Tue Apr 13, 2021 3:48 pm
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 54
Views: 3610

Re: 10+ year old used cars?

Just to frame this in another perspective - both of these numbers are a tiny fraction of 1 million. By upgrading to the newer Silverado, your death odds decrease to 0.003% from 0.015%. Your survival odds in either case are essentially 99.99%. The difference is material in rigorous statistical analy...