Search found 22080 matches

by Watty
Fri Apr 16, 2021 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Can I make a Roth for my daughter?
Replies: 15
Views: 1392

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: 4
Views: 270

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: 88

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: 9
Views: 370

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: 863

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: 34
Views: 1805

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: 69
Views: 3257

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: Investing - Theory, News & General
Topic: Going to receive around $1 million - what to do ?
Replies: 12
Views: 1920

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: 27
Views: 1477

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: 26
Views: 1425

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: 3
Views: 362

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: 1561

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: 1561

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: 4050

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: 12
Views: 993

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: 20
Views: 1042

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: 550

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: 2326

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: 1142

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: 4621

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: 1153

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: 71
Views: 5922

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: 56
Views: 4990

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: 1458

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: 89
Views: 7925

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: 51
Views: 3284

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: 1781

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: 1760

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: 1066

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: 87
Views: 5565

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: 5329

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: 1634

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: 1634

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: 51
Views: 3284

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...
by Watty
Tue Apr 13, 2021 10:58 am
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 51
Views: 3284

Re: 10+ year old used cars?

2002 Chevrolet Silverado 2500HD Duramax Diesel - 96k miles (original injectors...knock on wood!) According to some here, I probably have a death wish because I have a vehicle that's older than 3 years old and doesn't have 30,000 little nannies watching over me. Doesn't phase me. Can't live life in ...
by Watty
Tue Apr 13, 2021 10:21 am
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 51
Views: 3284

Re: 10+ year old used cars?

There have been a number of articles and posts about how the used car market has gone crazy with the pandemic and people not wanting to take mass transit. A lot of people are also buying used cars because of tax returns and the stimulus checks. Some people are not able to take vacation in 2020 or 20...
by Watty
Tue Apr 13, 2021 9:32 am
Forum: Personal Consumer Issues
Topic: Oral surgeon said we were legally required to give SS#, then they got hacked
Replies: 50
Views: 5385

Re: Oral surgeon said we were legally required to give SS#, then they got hacked

CygX1 wrote: Mon Apr 12, 2021 10:03 pm We will freeze our credit reports.....
Everyone should really keep their credit reports frozen all the time and just unfreeze them when they need to apply for credit.
by Watty
Mon Apr 12, 2021 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do - housing?
Replies: 11
Views: 2046

Re: What would you do - housing?

38, Married, 4 kids (6/3/1/1).... One thing to consider is what living there will be like for your kids when they are gown up and ready to move out on their own. You are likely only about 16 years from your oldest being at that point. :shock: It was a long time ago but when I was right out of colle...
by Watty
Mon Apr 12, 2021 8:58 pm
Forum: Personal Investments
Topic: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?
Replies: 48
Views: 3966

Re: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?

Following. Any gotchas to paying off early? Will the mortgage company try to squeeze you somehow? It is just a clerical transaction. You need to call them to get the payoff amount and instructions and not just send them the loan balance. The exact amount can be a be a bit different depending on the...
by Watty
Mon Apr 12, 2021 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Coming out of being debt free - ??
Replies: 14
Views: 1273

Re: Coming out of being debt free - ??

There are lots of threads about considering a mortgage as a negative bond that you can look up. Something to consider is if you do get a mortgage is how you will count that in your asset allocation. Some people will want around a 50/50 asset allocation when they retire so if you get a $500K mortgage...
by Watty
Mon Apr 12, 2021 2:05 pm
Forum: Personal Investments
Topic: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?
Replies: 48
Views: 3966

Re: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?

I know my rate of return is essentially locked in at 3.7% and I can invest my mortgage payments from both starting immediately and grow that way using more of a DCA. Given this is close to the 4% rule I'm leaning pretty hard in this direction. Investing the money and earning a higher rate of return...
by Watty
Mon Apr 12, 2021 1:57 pm
Forum: Personal Consumer Issues
Topic: Tire experts? Can I trust a patched tire?
Replies: 54
Views: 7472

Re: Tire experts? Can I trust a patched tire?

Just FYI, this is a 2018 thread that got reactivated.
by Watty
Mon Apr 12, 2021 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Tales from this insane real estate market
Replies: 420
Views: 51412

Re: Tales from this insane real estate market

Bought 5,200sqft in 30005 zip for 560k 1 year ago 5200 sf for $300K? Where do you live - maybe I need to move!! :P Thinking on announcing it for 630k. Expecting to sell it over price. That is the North Atlanta Suburbs, not sure where you got the $300K number from since in their post they said that ...
by Watty
Mon Apr 12, 2021 11:16 am
Forum: Personal Finance (Not Investing)
Topic: How much should I overpay?
Replies: 51
Views: 5195

Re: How much should I overpay?

What does history say about this type of real estate market? Have San Francisco and Seattle seen all this before? At one point I lived in the Bay Area and I am now in Atlanta so one thing to consider which type of city Austin has more in common with. A huge difference is that the Bay Area, and Seat...
by Watty
Sun Apr 11, 2021 11:53 am
Forum: Personal Consumer Issues
Topic: Best 4 wheel drive vehicle
Replies: 75
Views: 5724

Re: Best 4 wheel drive vehicle

In general I have zero interest in vehicles beyond reliability and fuel efficiency. I have never gotten into 4 wheel driving but one thing I have picked up over the years is that there is actually a lot to learn about how to actually drive off road right and how to get yourself out of trouble when(...
by Watty
Sun Apr 11, 2021 11:39 am
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3399

Re: Would you preemptively replace your Roof

If your roof is nearing the end of it's estimated useful life, would you (have you) preemptively replace(d) it? I am normally a big fan of doing things like preemptive replacements of things like HVAC systems. One big problem is that there is a national shortage of building materials and lumber so ...
by Watty
Sun Apr 11, 2021 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Still in Finance Kindergarden
Replies: 11
Views: 1190

Re: Still in Finance Kindergarden

Now this is the screw up …both my husband and I each have a balance of $0.02 in our traditional IRAs right now. I think this is because I just used the default Fidelity SPAXX Government Money Market fund to hold our cash for a week and it paid a dividend. The little that I understand has me concern...
by Watty
Sat Apr 10, 2021 8:12 pm
Forum: Personal Consumer Issues
Topic: Help analyze my HVAC decision
Replies: 19
Views: 1618

Re: Help analyze my HVAC decision

In TN, I'd definitely go with 2-speed over 1-speed. The increased comfort is woth it, IMO. I agree, I noticed a huge difference here in Georgia when we replaced our AC. The thermostat that came with the new system also measures the humidity and when it is high the AC will run in a low speed that wi...
by Watty
Sat Apr 10, 2021 7:54 pm
Forum: Personal Investments
Topic: Lump sum - now or later?
Replies: 7
Views: 1109

Re: Lump sum - now or later?

One other thing to check on is what happens to the pension if both you and any spouse die before starting the pension. It varies a lot with the details of how the pension is set up but in some cases your estate would not get anything and that would be good to know. There is not anything underhanded ...
by Watty
Sat Apr 10, 2021 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Contract with Family Member for Grandfather’s Care?
Replies: 17
Views: 1740

Re: Contract with Family Member for Grandfather’s Care?

It’s a lot cheaper than the nursing home alternative. That may or may not be the case. There are 168 hours in a week so a lot of additional help will also be needed even if the aunt works a lot more than 40 hours. There may also be times with having a second person around could be handy like when h...