Search found 22284 matches

by Watty
Mon May 10, 2021 8:10 pm
Forum: Personal Consumer Issues
Topic: sony a7c full frame camera
Replies: 26
Views: 1147

Re: sony a7c full frame camera

Reasons for buying it: ..... 2. My 2nd son who will leave for college for two years wants to learn photography. I thought this will be a good chance to do father-son bonding and for him to learn something interesting. this will become priceless. I assume that you are not planning on sharing the cam...
by Watty
Mon May 10, 2021 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: What prompted you to pull the plug and retire?
Replies: 75
Views: 4570

Re: What prompted you to pull the plug and retire?

I had a year in my early 50s when I when I went to three funerals of people that were more or less my age. I was not real close to any of them but that does get you thinking. My wife and I also had some health scares at about that time that we recovered from. I retired about five years later as soon...
by Watty
Mon May 10, 2021 8:07 am
Forum: Personal Consumer Issues
Topic: How do you pay for a car?
Replies: 32
Views: 2409

Re: How do you pay for a car?

Thanks for the tip on insurance. Won't the insurer want to know what kind of car I have before writing a policy? Anyway, I have an insurance guy. You can get insurance quotes from different companies for the type of car you are looking at to make sure that you have a general feel as to what it will...
by Watty
Sun May 09, 2021 9:48 pm
Forum: Personal Consumer Issues
Topic: How do you pay for a car?
Replies: 32
Views: 2409

Re: How do you pay for a car?

Be sure to get your car insurance set up before you are ready to buy a car, they may require you to have that to drive the car off the lot. As I recall other some other poster ran into very high car insurance rates when they returned to the US after a long absence because they did not have any drivi...
by Watty
Sun May 09, 2021 8:44 pm
Forum: Personal Investments
Topic: Low-earning 30 year old behind on investing. Need some guidance.
Replies: 34
Views: 2961

Re: Low-earning 30 year old behind on investing. Need some guidance.

Low-earning 30 year old..... ..... Annual income: $50,000 (pre-tax) ..... 401K: $31,500.00 total ($29,100.17 vested) The median household income in 2019 was $68,703 but that includes many households that have two incomes. https://www.census.gov/library/publications/2020/demo/p60-270.html#:~:text=Me...
by Watty
Sun May 09, 2021 10:46 am
Forum: Personal Finance (Not Investing)
Topic: "Time the Market" By Selling Current House?
Replies: 24
Views: 2064

Re: "Time the Market" By Selling Current House?

My wife and I bought our house here in Northeast Ohio (LCOL area) *right* before the pandemic for $285,000, which was a steal at the time. You would want to verify the details but you need to live in a house for two out of the last five years to qualify for the federal homeowners capital gains exem...
by Watty
Sun May 09, 2021 10:14 am
Forum: Personal Consumer Issues
Topic: Basement finish design and sequence
Replies: 32
Views: 2049

Re: Basement finish design and sequence

Before you finish the basement be sure to take detailed pictures since that may be very handy if you ever need to figure out what is hidden in the ceiling. As the work is being done also take more pictures before the new ceiling goes up. One of the first steps would be to look at what is above the b...
by Watty
Sun May 09, 2021 9:44 am
Forum: Personal Consumer Issues
Topic: Door frame damaged - Don't want to replace door
Replies: 14
Views: 1385

Re: Door frame damaged - Don't want to replace door

Depending on what damaged the door it might be worth filing an insurance claim if you cannot find a good person to fix the door frame without replacing the door. In addition to needing to know more about the type of damage it would also be good to know more about the type of house. Some expensive ho...
by Watty
Sun May 09, 2021 9:36 am
Forum: Personal Investments
Topic: Mother is 64 & decided it might be worth trying to save for retirement...
Replies: 39
Views: 4467

Re: Mother is 64 & decided it might be worth trying to save for retirement...

I have no idea how healthcare works in retirement as its about 30 years premature for me. If she has any employer provided healthcare benefits they likely become some sort of supplement to Medicare when she turns 65 and gets on Medicare. To figure that out the book "Medicare for Dummies" ...
by Watty
Sun May 09, 2021 8:51 am
Forum: Investing - Theory, News & General
Topic: I’m writing a really basic investor’s guide for my [adult children] - input welcome
Replies: 57
Views: 4020

Re: I’m writing a really basic investor’s guide for my kids - input welcome

If you have not seen it yet you should also read the wiki on investing policy statements(IPS). https://www.bogleheads.org/wiki/Investment_policy_statement If you search the boards you can find lots of post where people have posted their IPS from review. Most of these are no more than a couple of pag...
by Watty
Sat May 08, 2021 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance dilemma
Replies: 37
Views: 2746

Re: Long term care insurance dilemma

She received a notice from a class action lawsuits that her premiums may go up 250 percent over the next 3-6 years in order..... The way that you said "She received a notice from a class action lawsuits.." is odd, was this something from Genworth or someone else? It sounds like scare tact...
by Watty
Sat May 08, 2021 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: California Homebuying Insanity
Replies: 224
Views: 19356

Re: California Homebuying Insanity

And I think you way overestimate how many $200k jobs there are in LCOL (outside of medicine). It is also easy to overestimate how many $200K+ jobs there are in a high cost of living area. If you google "Median income (your city) (your state)" the median household income might be a lot les...
by Watty
Sat May 08, 2021 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Please Weigh In, Can't Ask Anyone Else - Burial Planning
Replies: 52
Views: 4174

Re: Please Weigh In, Can't Ask Anyone Else - Burial Planning

So, would you value the spot you like, or, 'extra' space just in case, and why? What I would do or like really does not matter, it is what you would want and can afford. Part of the reason that investing and saving is so that decisions like these are more personal decisions than financial decisions...
by Watty
Sat May 08, 2021 6:50 pm
Forum: Personal Investments
Topic: Portfolio review please
Replies: 4
Views: 658

Re: Portfolio review please

It looks really good. A few points that you might consider though; 1) I did not see any TIPS in your funds and I don't recall if the total bond fund has any TIPS or not. 2) The Vanguard rollover 401k and SEP is overly complicated. You might want to replace those funds with a Life Strategy fund or a ...
by Watty
Sat May 08, 2021 5:01 pm
Forum: Personal Consumer Issues
Topic: Need car for approximately 1 year
Replies: 29
Views: 2185

Re: Need car for approximately 1 year

Several posts mentioned buying and selling a car which makes sense but in many states that will not work because they have high taxes and fees when you buy a car.
by Watty
Sat May 08, 2021 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC - where to go?
Replies: 5
Views: 551

Re: HELOC - where to go?

I used PenFed too. Before I paid off my mortgage my last refinance was with them. I only got a HELOC for about a third of the homes value and I do not think they even did a drive by appraisal. Back when I opened it there were no costs and there is no annual fee as long as I do not close it within th...
by Watty
Sat May 08, 2021 4:09 pm
Forum: Personal Consumer Issues
Topic: What "substantial" issues have you seen/heard of housing inspections flagging
Replies: 54
Views: 3617

Re: What "substantial" issues have you seen/heard of housing inspections flagging

Right now, market offers for houses do not have housing inspections. I That would most likely be not accepting offers that have a home inspection contingency where you could walk away from the deal if there is a problem that the inspection uncovers. I have not done it but you may be able to have ho...
by Watty
Sat May 08, 2021 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Hedging mortgage risk
Replies: 6
Views: 426

Re: Hedging mortgage risk

One thing to do would be to talk to your manager and tell them that you are about to buy a house then ask them if you are about to be laid off too. Even if her or she does not give you a straight answer you can likely tell a lot about the situation from their response. There is also a chance that th...
by Watty
Sat May 08, 2021 7:37 am
Forum: Personal Investments
Topic: Should I maximize the 12% tax bracket?
Replies: 17
Views: 1570

Re: Should I maximize the 12% tax bracket?

What to do could also depend on the rest of your situation and we do no know that. For example we do not know if your are single or what your state taxes are. We also do not know if you are 25 and hoping to retire at 50 or if you are 47 and you are pretty sure that you going to retire in a few years...
by Watty
Fri May 07, 2021 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Housing Decision. Help appreciated.
Replies: 35
Views: 2468

Re: Housing Decision. Help appreciated.

Only wish was that I had more garage space to put motorcycles, other vehicles in. Currently, just have assigned underground parking (one spot, that I fit my motorcycle and car into). I could easily just stay here I suppose and suck up not having private garage space. Have you looked into renting a ...
by Watty
Fri May 07, 2021 10:15 am
Forum: Non-US Investing
Topic: A bit bubbly???
Replies: 20
Views: 1999

Re: A bit bubbly???

As long as you do not have money in cryptocurrencies you can ignore these. It is normal to regret having missed out on them but it is little different than not having bought last week's winning lottery ticket. I'd really appreciate your thoughts before I go changing things around and then someone, a...
by Watty
Fri May 07, 2021 9:40 am
Forum: Investing - Theory, News & General
Topic: Real Estate Allocation
Replies: 6
Views: 645

Re: Real Estate Allocation

If you already own a home you live in then you already have a lot of real estate exposure. You should also keep in mind that a lot of the companies you own stock in through an index fund also own a lot of real estate. For example McDonalds owns a lot of real estate and some people consider their rea...
by Watty
Fri May 07, 2021 9:29 am
Forum: Personal Investments
Topic: Late 60s retiring mom...50/50 okay? Pay off mortgage?
Replies: 21
Views: 3369

Re: Late 60s retiring mom...50/50 okay? Pay off mortgage?

But I’ve always thought that it makes no sense to tap retirement funds to pay down a mortgage. But in this case, the math seems very sensible (unless I’m looking at it improperly). The only way to figure this out is to do dummy tax returns including her state taxes to see what the actual taxes will...
by Watty
Fri May 07, 2021 9:00 am
Forum: Personal Finance (Not Investing)
Topic: California Homebuying Insanity
Replies: 224
Views: 19356

Re: California Homebuying Insanity

Who are these people showing up with $3M cash to buy a house on the spot? Where is this money coming from, the tech industry? I don’t see that kind of liquid folks around where I live. A lot of "cash sales" are not really actually for cash, they are just offers with no financing contingen...
by Watty
Fri May 07, 2021 8:26 am
Forum: Personal Consumer Issues
Topic: Country Club
Replies: 56
Views: 4912

Re: Country Club

Never belonged to one but a few things to consider; 1) How are the clubs finances? Millennials are playing a lot less golf than prior generations and many golf courses have shut down. This is especially true since the land they are on can be worth millions if it is rezoned for housing. 2) If you dec...
by Watty
Thu May 06, 2021 11:14 pm
Forum: Personal Investments
Topic: Late 30s investment help
Replies: 5
Views: 648

Re: Late 30s investment help

Does it make sense to pay off a home loan at such low rates? There is no one right answer to the "Should I pay off my mortgage?" question but investing the money and earning a higher rate of return than your low mortgage interest rates is harder than it sounds because you have a large seq...
by Watty
Thu May 06, 2021 10:57 pm
Forum: Investing - Theory, News & General
Topic: Plan for 30yr increments?
Replies: 5
Views: 664

Re: Plan for 30yr increments?

Does anyone else plan withdrawals for certain segments of their lives, especially at an early age? I think lots of people think through rough "what if" scenarios and make spreadsheets outlining different scenarios. There are so many variables and unknowns though that at a relatively young...
by Watty
Thu May 06, 2021 10:37 pm
Forum: Personal Investments
Topic: Late 30s investment help
Replies: 5
Views: 648

Re: Late 30s investment help

Selling home, estimated proceeds at closing: $1.36M, about $300k will be taxed. Not considering the tax, this would bring cash to ~$1.5M. Trying to decide what we should do with this cash. Does it make sense to pay off a home loan at such low rates? I am confused. If you sell your home why are you ...
by Watty
Thu May 06, 2021 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: 6% rule in evaluating pensions
Replies: 19
Views: 2213

Re: 6% rule in evaluating pensions

Savings, we just crossed 2 million saved in combined taxed and retirement accounts ...... In the end I know I will be fine no matter what I choose, as we probably could live on both our social securities alone, but I want to try to maximize our income if I can. You will likely also be getting almos...
by Watty
Thu May 06, 2021 9:22 pm
Forum: Personal Investments
Topic: 24 y/o and making $55k - should I go traditional or Roth 401k?
Replies: 24
Views: 1969

Re: 24 y/o and making $55k - should I go traditional or Roth 401k?

There is a wiki on this choice if you have not seen it. https://www.bogleheads.org/wiki/Traditional_versus_Roth There are some important things that you did not mention. 1) What are your state taxes? One complication is that you could end up retiring in a different state with higher or lower state t...
by Watty
Thu May 06, 2021 9:52 am
Forum: Personal Finance (Not Investing)
Topic: 6% rule in evaluating pensions
Replies: 19
Views: 2213

Re: 6% rule in evaluating pensions

I have never heard of a "6% rule" but any rules of thumb like that are usually pretty worthless since they do not take the details of your situation into account nor the current interest rates. You also need to check to see if any retiree benefits like retiree healthcare are linked to taki...
by Watty
Thu May 06, 2021 8:45 am
Forum: Forum Issues and Administration
Topic: Posts about cyber currencies
Replies: 22
Views: 902

Re: Posts about cyber currencies

Can we ban all the posts related to cyber currencies? Cyber currencies are not investments and this is not the right forum for it. A big issue with trying to do something like this is that someone would have to spend time to enforce it. The moderators do a great job of keeping these forums civil an...
by Watty
Wed May 05, 2021 6:36 pm
Forum: Personal Investments
Topic: Portfolio advice for my wealthy millennial west coast niece
Replies: 12
Views: 2038

Re: Portfolio advice for my wealthy millennial west coast niece

Only debt is home mortgage monthly payment including taxes and home insurance is $4100. There are endless opinions on this but she should take a hard look at paying off the mortgage. If she can get a risk free and tax free return in the ballpark of 3% that would be doing really good in her likely t...
by Watty
Wed May 05, 2021 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Logistics of breaking a lease
Replies: 25
Views: 1549

Re: Logistics of breaking a lease

EnjoyIt wrote: Wed May 05, 2021 3:57 pm Does he have any options?
One option would be for him to find someone to take over the lease for him. The mechanics of this would depend on the details of the lease since he might be able to sublease it or the new renter may need to be approved by the landlord.
by Watty
Wed May 05, 2021 9:34 am
Forum: Personal Investments
Topic: Responsible advice for windfall event?
Replies: 11
Views: 1347

Re: Responsible advice for windfall event?

My friend has a lawyer, and an accountant, but would very much like to avoid the complexity of predatory financial advisement. They are way out of DIY territory, especially with the four properties. Avoiding a predatory financial advisor is really important but for at least the next couple of years...
by Watty
Wed May 05, 2021 7:46 am
Forum: Personal Finance (Not Investing)
Topic: The pros and cons of Bogleheadism - and what next? [Should we buy or rent?]
Replies: 10
Views: 1780

Re: The pros and cons of Bogleheadism - and what next?

Should we buy a house? ...... Should we rent a house? I might have missed it but how expensive of a house are you thinking about buying and what are the details? What loan terms and monthly payment are you looking at? What are the property taxes, HOA fees, etc? It was not clear but it sounds like y...
by Watty
Wed May 05, 2021 6:17 am
Forum: Personal Consumer Issues
Topic: HVAC in Texas: how long to use band-aids?
Replies: 61
Views: 3622

Re: HVAC in Texas: how long to use band-aids?

---- We'll likely be in this house another 8-10 years or so, and I'm guessing this gives us a 95% chance of seeing this HVAC to the grave. If the change will come regardless, maybe it makes sense to do it earlier and reap the energy savings and peace of mind? That is how I would look at it. If the ...
by Watty
Wed May 05, 2021 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Good time to buy a new house?
Replies: 18
Views: 1787

Re: Good time to buy a new house?

newyorker wrote: Tue May 04, 2021 10:08 pm That is a very good point. So I would need to pay off mortgage to get lending for a custom home right?
Yes. My understanding is that when the demolition permit is issued for the old house the lender would be notified and that would trigger all sorts of problems.
by Watty
Tue May 04, 2021 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Good time to buy a new house?
Replies: 18
Views: 1787

Re: Good time to buy a new house?

One kink in your plans is that if you have a mortgage then you cannot tear down the house since that is what is securing the mortgage. Having to pay off the prior mortgage first would complicate getting a building loan so it would be good to have a plan for just how much money you will need to build...
by Watty
Tue May 04, 2021 8:59 pm
Forum: Personal Investments
Topic: Retirement Moved Up
Replies: 19
Views: 3396

Re: Retirement Moved Up

I did not add it up but another poster said that you have over $800K so with Social Security and low expenses so you should be fine if you retire especially if you eventually move to a lower cost of living area like some parts of Florida. I did not have much more than that when my wife and I retired...
by Watty
Tue May 04, 2021 12:04 pm
Forum: Personal Investments
Topic: Saved for downpayment but realized that I don't have any desire to be a house owner.
Replies: 66
Views: 4893

Re: Saved for downpayment but realized that I don't have any desire to be a house owner.

The NorCal real estate market is cartoonish compared with the rest of the country. It's a safe bet that prices will continue to rise there. :oops: Be careful when you hear lots of comments like this. If(when) mortgage interest rates go back up that will likely impact the housing markets everywhere....
by Watty
Tue May 04, 2021 11:46 am
Forum: Personal Investments
Topic: Can I retire by end of year
Replies: 27
Views: 3699

Re: Can I retire by end of year

One thing you should do is make sure that the mutual funds in the taxable account do not automatically reinvest any dividends or capital gains distributions. This helps make sure that when you sell them any gains will be long term. With as many funds as you have in the taxable account you could have...
by Watty
Tue May 04, 2021 11:03 am
Forum: Personal Consumer Issues
Topic: Ca Expats- do you love your new home?
Replies: 76
Views: 7828

Re: Ca Expats- do you love your new home?

Opposite. Moved to California was one of the best decisions that I ever made. I am glad it worked out well for you. I am curious, what part of California did you move to? One of the big problems with questions like this is that California is a huge state and living in places like the Bay Area, San ...
by Watty
Tue May 04, 2021 10:55 am
Forum: Personal Investments
Topic: All in on inflation-linked bonds?
Replies: 16
Views: 1991

Re: All in on inflation-linked bonds?

Any downside I'm not considering? You do not seem to be considering the tradeoffs with holding individual TIPS compared to owning TIPS in a mutual fund. If you want to use TIPS for the long term then buying a ladder of individual TIPS that you can hold to maturity will eliminate the risk of the val...
by Watty
Tue May 04, 2021 10:28 am
Forum: Personal Investments
Topic: Saved for downpayment but realized that I don't have any desire to be a house owner.
Replies: 66
Views: 4893

Re: Saved for downpayment but realized that I don't have any desire to be a house owner.

One huge downside of buying a house is that some future job may be in a location that would be a terrible commute. You could even have a great opportunity in some other city. .....a house worth 1 million ..... It has been a long time since I lived in the Bay Area but one thing that amazed me was not...
by Watty
Mon May 03, 2021 11:53 pm
Forum: Personal Consumer Issues
Topic: Ca Expats- do you love your new home?
Replies: 76
Views: 7828

Re: Ca Expats- do you love your new home?

I left the south Bay Area in the 1980's so that was a long time ago. I really hated the south Bay Area with all the crowding, traffic congestion and urban sprawl, but maybe you live in a nicer part of California. While the weather may be nicer many of the urban and suburban areas of California are n...
by Watty
Mon May 03, 2021 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Segregating Inherited/Non-Inherited Funds - Philosophy
Replies: 7
Views: 954

Re: Segregating Inherited/Non-Inherited Funds - Philosophy

If you are married or might get married then it makes total sense to keep the inherited money separate so that you would get it in a divorce. That of course depends on the details and your state laws.
by Watty
Mon May 03, 2021 9:22 pm
Forum: Personal Consumer Issues
Topic: Silicon valley home insurance increase from $1400->$2200, sounds right?!
Replies: 16
Views: 1449

Re: Silicon valley home insurance increase from $1400->$2200, sounds right?!

It makes sense that the cost to insure a home would go up as the price of a home goes up.

How much has your home price gone up over the last year?
by Watty
Mon May 03, 2021 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Selling investment property - how much to fix up beforehand?
Replies: 5
Views: 626

Re: Selling investment property - how much to fix up beforehand?

Fixing anything that is actually broken or worn out likely makes sense because that would be seen as a sign of a poorly maintained property. I have mixed feelings about painting. On one hand that can make the property look more appealing but on the other hand I also wonder if the seller was trying t...
by Watty
Mon May 03, 2021 2:31 pm
Forum: Personal Investments
Topic: How am I doing? What could I DO better? 33yr old
Replies: 8
Views: 1960

Re: How am I doing? What could I DO better? 33yr old

Taxable investment = $48k (trying to create a bridge fund for early retirement. Will continue to invest here yearly) There are lots of ways to access retirement accounts early without paying a penalty so I would not pass up any opportunity to contribute to them just to make the money easier to acce...