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Re: Help us get out of Ameriprise!

Create a completely new post (something like "Left Ameriprise, need Help with Portfolio or to that effect) in the "Help with Personal Investments" using the format described in this link here ---> see my signature below "Asking Portfolio Questions". http://www.bogleheads.org...
by Grt2bOutdoors
Mon Sep 15, 2014 8:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help us get out of Ameriprise!
Replies: 35
Views: 4222

Re: DINK 200K household income - ways to reduce taxable inco

Stop working, then you won't have to pay any taxes. Of course, you won't be saving what you don't earn either. Face it, it's just one of the necessary evils of working in this wonderful country. You think you pay alot here, go overseas where the burden is even higher! Buying a home may not necessari...
by Grt2bOutdoors
Mon Sep 15, 2014 8:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: DINK 200K household income - ways to reduce taxable income?
Replies: 25
Views: 2381

Re: Good hobby for a bright/obsessive 9 year old?

Chemistry set - just try not to blow the house up.
by Grt2bOutdoors
Mon Sep 15, 2014 2:24 pm
 
Forum: Personal Consumer Issues
Topic: Good hobby for a bright/obsessive 9 year old?
Replies: 48
Views: 1298

Re: What's in your tax advantage accounts?

Pre-tax retirement plans - a combination of equities and fixed income ultra-low fee index funds, unfortunately spouses plan only offers what they call "lower-cost actively managed equities/fixed funds". :annoyed Post-tax accounts - historical low-cost basis individual equity portfolio, VTS...
by Grt2bOutdoors
Mon Sep 15, 2014 2:21 pm
 
Forum: Investing - Theory, News & General
Topic: What's in your tax advantage accounts?
Replies: 28
Views: 1288

Re: Key to happintess in retirement.

This is somewhat disenchanting, from my standpoint. You only have so much control over your health - regardless of what you may believe. Genetics plays a huge role. True, but I do believe that this is really a great age because even if our genetics are screwy, we can do a lot to fight their effect....
by Grt2bOutdoors
Mon Sep 15, 2014 9:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Key to happintess in retirement.
Replies: 15
Views: 1463

Re: Newbie: Is my 10 year plan going to work?

You purchase a series of annuities in amounts of $100K so that if one insurance company goes bust you don't lose your shirt. Although I don't believe you'd really lose if an insurance company went bust since they are regulated and another insurance company would likely purchase them, so there would ...
by Grt2bOutdoors
Sat Sep 13, 2014 9:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie: Is my 10 year plan going to work?
Replies: 34
Views: 2796

Re: Share your Hot-Rod Portfolio

The Flippin Five:

25% Total Stock Market Index
25% Total International Stock Index
15% FTSE All World Ex-US Small Cap
15% Small Cap Value Index
20% Intermediate-Term Treasury Fund
by Grt2bOutdoors
Sat Sep 13, 2014 12:25 pm
 
Forum: Investing - Theory, News & General
Topic: Share your Hot-Rod Portfolio
Replies: 48
Views: 2840

Re: EJ Gadflies [Edward Jones]

While I sympathize with you, Grt2b, my hat's off to the EJ rep for his chutzpah! My guess is that he'll make money even though his clients probably won't. Your sympathizing with the wrong poster, the OP is who you should be sympathizing with. I merely made the observation that we should be giving t...
by Grt2bOutdoors
Fri Sep 12, 2014 11:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 37
Views: 3289

Re: Newbie: Is my 10 year plan going to work?

It's expected annual retirement income from known sources (pension, annuity) + annual expected Social Security Income multiplied by some tax rate (1-.28%) + 4% multiplied by either income tax (1-.28%) or capital gains tax (if taken from taxable sources) of portfolio/savings value (4% is theoreticall...
by Grt2bOutdoors
Fri Sep 12, 2014 10:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie: Is my 10 year plan going to work?
Replies: 34
Views: 2796

Re: Newbie: Is my 10 year plan going to work?

Is there any reason why you don't just pay off your mortgage with some of the money you have in your taxable investments? It just seems like you are borrowing money for the next four years on the assumption that the markets will outperform your home interest rate. I owe $30K for 4 years at 2.0%.......
by Grt2bOutdoors
Fri Sep 12, 2014 9:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie: Is my 10 year plan going to work?
Replies: 34
Views: 2796

Re: Newbie: Is my 10 year plan going to work?

5 percent real for equities is a pipe dream, total return is projected to be mid single digits over the next 7 to 10 years. Bonds return3-4 percent. If equities give you 3.5 percent (60 percent of 6 percent) and 2 percent for bonds that gives you 5.5 percent before inflation. I would say try it and...
by Grt2bOutdoors
Fri Sep 12, 2014 9:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie: Is my 10 year plan going to work?
Replies: 34
Views: 2796

Re: EJ Gadflies

Got to give him credit...a lead is a lead and one who's dinner meal is contingent on landing such leads would be nuts to pass up on it.
by Grt2bOutdoors
Fri Sep 12, 2014 7:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 37
Views: 3289

Re: Newbie: Is my 10 year plan going to work?

5 percent real for equities is a pipe dream, total return is projected to be mid single digits over the next 7 to 10 years. Bonds return3-4 percent. If equities give you 3.5 percent (60 percent of 6 percent) and 2 percent for bonds that gives you 5.5 percent before inflation. I would say try it and ...
by Grt2bOutdoors
Fri Sep 12, 2014 6:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie: Is my 10 year plan going to work?
Replies: 34
Views: 2796

Re: Reallocate into 529 plan or not

We have a one-year old kid and we opened the Utah 529 plan with a small amount a year ago. Currently, wife and I have stable jobs. We put $5500 each into Roth IRA and max allowed into 401k (not $17,500 each but to the extend allowed). We got a 15-year mortgage. After all that is said and done, we h...
by Grt2bOutdoors
Fri Sep 12, 2014 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reallocate into 529 plan or not
Replies: 4
Views: 295

Re: "Money for Nothing", a stock pick from Morningstar

Holding the parent company didn't turn out too well either, up 6.5% total from the date of the spin-off to shareholders.
by Grt2bOutdoors
Fri Sep 12, 2014 1:44 pm
 
Forum: Investing - Theory, News & General
Topic: "Money for Nothing", a stock pick from Morningstar
Replies: 2
Views: 566

Re: Angry when stock market is down

Not at all......i like to buy on sale. Why pay full price?
by Grt2bOutdoors
Fri Sep 12, 2014 1:29 pm
 
Forum: Investing - Theory, News & General
Topic: Angry when stock market is down
Replies: 79
Views: 3731

Re: What type of assets can a lawyer see that you have?

Call_Me_Op wrote:I was once told (by a lawyer) that it is very easy for someone to find-out your account balance in any bank where you hold a checking account.


Not that easy unless you commit fraud. Committing fraud can lead to loss of license to practice law.
Along with a whole host of other charges.
by Grt2bOutdoors
Fri Sep 12, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: What type of assets can a lawyer see that you have?
Replies: 32
Views: 3812

Re: What type of assets can a lawyer see that you have?

What's to prevent someone from filing a bogus lawsuit simply for the purpose of discovering someone's assets as a prelude to identity theft? The substantial filing fees that most courts charge today. In federal court, for example, it costs about $400 to file a civil suit. Not to mention the fact th...
by Grt2bOutdoors
Fri Sep 12, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: What type of assets can a lawyer see that you have?
Replies: 32
Views: 3812

Re: Anyone moved from NY?

I was born in Brooklyn, moved to Flushing shortly thereafter, but grew up in central LI (Suffolk County). Moved to Philly area (Bucks County) 21 years ago as most of my work at the time was in NJ and PA. I was stuck on the 'Belt' one Friday afternoon in the summer trying to get home and asked mysel...
by Grt2bOutdoors
Fri Sep 12, 2014 10:26 am
 
Forum: Personal Consumer Issues
Topic: Anyone moved from NY?
Replies: 43
Views: 2621

Re: Suggestions /Advice for a fresh college graduate

Suggest/advice some choices for DS, who does not have a clue what he will be doing next. My 22 yr old son is an under graduate senior with Political Science major and Non Profit minor at a decent State University. He seems very vague as to what he wants to do next and seems to be looking for a job ...
by Grt2bOutdoors
Fri Sep 12, 2014 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Suggestions /Advice for a fresh college graduate
Replies: 29
Views: 1298

Re: How would you handle this situation ?

I'd just quit the group, they seem like jerks and a "homogeneous cultural group" sounds boring anyway. Definition of "homogeneous" - a group also known as the more immature term of "clique". Example - "oh, so and so belongs to the "we are hot, you're not teen...
by Grt2bOutdoors
Fri Sep 12, 2014 9:55 am
 
Forum: Personal Consumer Issues
Topic: How would you handle this situation ?
Replies: 33
Views: 2382

Re: How would you handle this situation ?

HardKnocker wrote:I'd quit the group.

Image


You're too polite....I'd say a few choice words to those :twisted: who were bullying and then quit the group.
by Grt2bOutdoors
Fri Sep 12, 2014 9:53 am
 
Forum: Personal Consumer Issues
Topic: How would you handle this situation ?
Replies: 33
Views: 2382

Re: Individual Stocks

http://www.bogleheads.org/forum/viewtopic.php?f=10&t=146251&p=2186151#p2186151 Click the link above - recent poll on individual stocks. If you search the forum on dividend paying stocks or equities you'll see that not everyone on the board is a purist, including myself. I hold individual equ...
by Grt2bOutdoors
Fri Sep 12, 2014 9:14 am
 
Forum: Investing - Theory, News & General
Topic: Individual Stocks
Replies: 25
Views: 1381

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I am not a wealthy man. I don't max out our retirement accounts due to limited income. I opened up a 529 account for my infant daughter because I like the idea of allocating an entire account for her education. When she graduates from high school I want to be able to provide her a dedicated amount ...
by Grt2bOutdoors
Fri Sep 12, 2014 9:03 am
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 102
Views: 9135

Re: "Why 97% of People Don't Use 529 College Savings Plans."

So who’s taking advantage of 529’s? Probably my friends whose parents picked up their entire tuition used them. I’ll use them. What about kids from the middle class? Sorry they are SOL. They get to enjoy a lifetime of crushing student debt burden. The system as currently constructed cannot continue...
by Grt2bOutdoors
Fri Sep 12, 2014 9:02 am
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 102
Views: 9135

Re: Anyone moved from NY?

Lived 2.5 years in Nassau County on the North Shore in the mid 90's, glad I didn't stick around to buy a shack. Every thing costs, but the most costliest item of all was my time. When it takes 2 hours on a Saturday afternoon to go from the Midtown Tunnel to Shelter Rock Road for no reason at all oth...
by Grt2bOutdoors
Wed Sep 10, 2014 3:28 pm
 
Forum: Personal Consumer Issues
Topic: Anyone moved from NY?
Replies: 43
Views: 2621

Re: Vangaurd STAR

A Vanguard Total Stock Market investment seems like a smarter bet, yet again I'm clueless so any advice is welcome. Per $1000 invested in TSM, you can expect a whopping six to seven dollars per month return. It takes an enormous amount of passively invested money to replace the income you get from ...
by Grt2bOutdoors
Wed Sep 10, 2014 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vangaurd STAR
Replies: 31
Views: 1886

Re: Vangaurd STAR

For investing to work only 4 ingredients are needed - 1) Time: Rome wasn't built in a day and neither will your retirement or investment account short of you hitting the Powerball; 2) Money - money is the grease that opens the account, it's the form of exchange that is universally accepted to trade ...
by Grt2bOutdoors
Wed Sep 10, 2014 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vangaurd STAR
Replies: 31
Views: 1886

Re: Vangaurd STAR

placeholder wrote:You can't usefully compare a job to passive investing.


I just did...and I think I've made my point quite clear. Hopefully, the OP gets it.
by Grt2bOutdoors
Wed Sep 10, 2014 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vangaurd STAR
Replies: 31
Views: 1886

Re: Vangaurd STAR

If you invest the bare minimum of 1,000 dollars, what can you hopefully expect to get in return? About $5 per month? That hardly seems worth it. A kid could make that by opening up a lemonade stand. How can you make the most of this novice investment? $2,854.99 over the course of 18 years. Can a ki...
by Grt2bOutdoors
Wed Sep 10, 2014 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vangaurd STAR
Replies: 31
Views: 1886

Re: Repair/maintain the BMW or get a new car?

Pick up a copy of The Millionaire Next Door, go to the chapter on cost of the vehicle per pound......hint...Bimmers and Mercedes are not high on the list of being less costly to purchase or to maintain. Bimmers, Benz's, Audis and Volkswagen are famous for having to purchase their OEM equipment to re...
by Grt2bOutdoors
Wed Sep 10, 2014 1:02 pm
 
Forum: Personal Consumer Issues
Topic: Repair/maintain the BMW or get a new car?
Replies: 22
Views: 1738

Re: Tip for the Roofing Crew

I'll tip enough for them to buy a nice cold one after a long day of working in the hot sun. But i'm not buying them dinner after paying for their next three months of mortgage or rent! If you've ever priced out the cost of materials vs. the cost of the total job, you'd be floored on the profit margi...
by Grt2bOutdoors
Wed Sep 10, 2014 12:52 pm
 
Forum: Personal Consumer Issues
Topic: Tip for the Roofing Crew
Replies: 13
Views: 1279

Re: bogleheads - can I scale it back?

Read this post from MnD on this thread-------> viewtopic.php?f=2&t=112890&p=1642329&hilit=Enough+Retirement#p1642329

Then decide whether you can trim back or not........
by Grt2bOutdoors
Wed Sep 10, 2014 12:43 pm
 
Forum: Investing - Theory, News & General
Topic: bogleheads - can I scale it back?
Replies: 34
Views: 3934

Re: Is My Car Insurance Plan Enough? - the Bogle way!

THANK YOU ALL FOR YOUR HELP and for your honest opinion! it seems that my liability coverage is too little. this is my first auto insurance policy, thus i wasn't sure what was enough for my needs. The reason i asked the question was because i saw a middle age driver accidentally hit a person on the...
by Grt2bOutdoors
Wed Sep 10, 2014 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Is My Car Insurance Plan Enough? - the Bogle way!
Replies: 18
Views: 1323

Re: Hiring your kids

Why not just open a low-cost variable annuity?, stuff it with money and at age 60 I'm sure they'll have $1.5MM or more..... Or....stuff a UTMA account with a few thousand, each year declare up to $2K of tax free income either by realizing capital gains and/or dividend income, at age of majority and ...
by Grt2bOutdoors
Wed Sep 10, 2014 11:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Hiring your kids
Replies: 34
Views: 2064

Re: "Why 97% of People Don't Use 529 College Savings Plans."

529s are a tax break for the rich. The poor get grants and need-based scholarships. The middle class gets some tax credits/deductions. That's why 97% of people don't use a 529. Only the 3% who are rich or plan to become that way use them. If you're not putting away >$2K per year for your kids to go...
by Grt2bOutdoors
Wed Sep 10, 2014 9:26 am
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 102
Views: 9135

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I'm in California. I haven't read very much about 529 plans, is it worth pursuing if you've maxed out all your other retirement funds? Do you have a child now? If not, I'd wait unless you believe you will use the savings yourself down the road should you not have a family. Otherwise, is a 529 plan ...
by Grt2bOutdoors
Wed Sep 10, 2014 9:23 am
 
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 102
Views: 9135

Re: Treasury Direct Account & Paper Bonds Question

Hi All: I have several paper "Series EE Patriot Bonds" for each of my children that grandparents had purchased during the years 2004 - 2010. I was looking online and there is a wealth of information on treasurydirect.gov. I set up an online account and have them set up as minor accounts l...
by Grt2bOutdoors
Wed Sep 10, 2014 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Treasury Direct Account & Paper Bonds Question
Replies: 2
Views: 347

Re: 50 year old looking for retirement advice & help...

Welcome to the forum! Do not be discouraged! Your retirement income will be based on annual Social Security benefits (it will be there so ignore the naysayers) and what you can save and invest. Be aggressive in savings but do not be overly aggressive in investing it. Why do I say this? Simple....if ...
by Grt2bOutdoors
Wed Sep 10, 2014 8:59 am
 
Forum: Investing - Help with Personal Investments
Topic: 50 year old looking for retirement advice & help...
Replies: 15
Views: 1983

Re: POLL: What was the first stock you ever bought?

investor wrote:First stock was Standard Ohio of Ohio... pre exxon

investor


Sohio was bought out by British Petroleum.
http://en.wikipedia.org/wiki/Standard_Oil_of_Ohio

Exxon - was Standard Oil of New Jersey
by Grt2bOutdoors
Tue Sep 09, 2014 8:30 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 2693

Re: POLL: What was the first stock you ever bought?

First stock - 100 shares in a penny stock touted in Money Magazine - Tacoma Boatbuilding (TBO) and it lived up to a boat's reputation - "big open hole in the water" went bust and I was out $75. That was a cheap lesson. Second stock - Phillips Petroleum after having paid greenmail to Picken...
by Grt2bOutdoors
Tue Sep 09, 2014 9:02 am
 
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 2693

Re: POLL: What was the first stock you ever bought?

Cross Timbers Oil (XTO) in the late 1990s/early 2000s. I forgot the exact return, but it shot up several hundred percent during my ownership before I sold. Eventually the company was acquired by Exxon Mobil. If you had held on until the sale to XOM, you would have made in the 1000% range from XTO -...
by Grt2bOutdoors
Tue Sep 09, 2014 8:59 am
 
Forum: Investing - Theory, News & General
Topic: POLL: What was the first stock you ever bought?
Replies: 74
Views: 2693

Re: Is Prepaid College Fund a Qualified 529 Expense?

Congrats, that sounds like a great deal. I'm going to disagree with Grt2bOutdoors, based on my reading of Pub 970. From my perspective, looking for prepaid plan expenses on the list of qualified education expenses is comparing apples to oranges. Here's why: What Is a Qualified Tuition Program A qua...
by Grt2bOutdoors
Sun Sep 07, 2014 9:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Prepaid College Fund a Qualified 529 Expense?
Replies: 7
Views: 477

Re: Is Prepaid College Fund a Qualified 529 Expense?

You can withdraw principal contributions to a 529 plan owned by the parent with no penalty, however earnings can not be withdrawn for purposes other than qualified higher educational expenses - paying for a prepaid college fund is not on the list of being qualified. Qualified expenses include: tuiti...
by Grt2bOutdoors
Sun Sep 07, 2014 8:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Prepaid College Fund a Qualified 529 Expense?
Replies: 7
Views: 477

Re: Employer finding out you have a financial cushion?

I should think a valued, but financially-secure, employee has much better leverage. After all, a "cushion" can be in the form of "bye-bye" money, or personal marketability. TMND used to say 10 years of money was enough to walk away, I know colleagues of mine who are seeking to g...
by Grt2bOutdoors
Sun Sep 07, 2014 8:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 62
Views: 6064

Re: Need Help; First Time Investor

Hello and welcome to the forum! Stop! You first need to read - I recommend taking out from the library a copy of The Bogleheads Guide to Investing and/or The Little Book of Common Sense Investing by John Bogle. After that, read the wiki ---> http://www.bogleheads.org/wiki, search out Investment Poli...
by Grt2bOutdoors
Sun Sep 07, 2014 2:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Help; First Time Investor
Replies: 4
Views: 215

Re: Looking for feedback on my plan

OP, if you are a broker-dealer that sounds like you help other people invest their money. Is that the case? And if so, do you really need advice from this forum? Broker-dealers don't help other people invest their money in the way you are thinking. They are the go-between middleman connecting buyer...
by Grt2bOutdoors
Sun Sep 07, 2014 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Looking for feedback on my plan
Replies: 12
Views: 693

Re: [Helping someone] think like a rich person

Here's one for you and very Boglehead like: Rich people invest in value, everyone else buys assets (growth) after they've been bid up in price. Rich people are patient, they plant their little saplings until one day they are great big oaks. Poor people think the only way to accumulate money is to wi...
by Grt2bOutdoors
Sun Sep 07, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: [Helping someone] think like a rich person
Replies: 40
Views: 4111

Re: Retire Early Dot Com - recent Terhorst interview

This interviews gives me pause to question whether I might be too conservative in my own approach. They are still retired, still living the nomad lifestyle and at age 65 with a 95+% stock allocation. http://retireearlylifestyle.com/aaa/paul-vicki-interview-update.htm There's one major difference be...
by Grt2bOutdoors
Sun Sep 07, 2014 10:25 am
 
Forum: Investing - Theory, News & General
Topic: Retire Early Dot Com - recent Terhorst interview
Replies: 6
Views: 1143

Re: Injury on MBTA: Financially worth it to hire an attorney

IMO, you can log your complaint as "this would be a frivolous lawsuit, why did I even think of such a thing"? On the other hand, the entire ridership and I mean everyone on the bus injured their back, legs and other extremities, at the same exact time on the same exact bus, and all filed s...
by Grt2bOutdoors
Sun Sep 07, 2014 10:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Injury on MBTA: Financially worth it to hire an attorney?
Replies: 27
Views: 1943
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