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Re: First Home Purchase - Property Tax vs Commuting Costs

Don't ever underestimate the value of having a low commute time. I assure you, after experiencing a ferry delay due to "frozen rivers" or bad weather, or even a train delay, you will thank your lucky stars you live closer to, than far away. This comes into play when you need to get to your...
by Grt2bOutdoors
Wed Mar 04, 2015 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: First Home Purchase - Property Tax vs Commuting Costs
Replies: 15
Views: 576

Re: Millennial Inheritance Bloomberg

Man, I am only 55 and now the Baby Boom is on death watch by those eagerly wanting to inherit our money. The oldest boomers were born in 1946 and now are 69 years old. It is a little early to be talking about the big wealth transfer. +1 My first thought was that millenials are in their 20s (on aver...
by Grt2bOutdoors
Wed Mar 04, 2015 11:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Millennial Inheritance Bloomberg
Replies: 7
Views: 858

Re: Poll: Increasing international equities

I slightly increased my allocation to international about 18 months ago, picking up more emerging markets value. Am I changing it now? Nope, sticking to my allocation plan.
by Grt2bOutdoors
Wed Mar 04, 2015 10:52 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Increasing international equities
Replies: 44
Views: 1920

Re: "Americans Aren't Saving Enough for Retirement"

Oddly, few even discuss this looming retirement crisis. Bogle does as does Charlie Ellis, to their credit, but for the most part it is the elephant that wanders through the cocktail party, unmentioned and apparently unseen. Garland Whizzer I read Ellis's co-authored book "Coming Up Short"...
by Grt2bOutdoors
Wed Mar 04, 2015 10:49 am
 
Forum: Investing - Theory, News & General
Topic: "Americans Aren't Saving Enough for Retirement"
Replies: 16
Views: 1187

Re: "Americans Aren't Saving Enough for Retirement"

Oddly, few even discuss this looming retirement crisis. Bogle does as does Charlie Ellis, to their credit, but for the most part it is the elephant that wanders through the cocktail party, unmentioned and apparently unseen. Garland Whizzer I read Ellis's co-authored book "Coming Up Short"...
by Grt2bOutdoors
Wed Mar 04, 2015 10:38 am
 
Forum: Investing - Theory, News & General
Topic: "Americans Aren't Saving Enough for Retirement"
Replies: 16
Views: 1187

Re: "Americans Aren't Saving Enough for Retirement"

Unify the 401(k) and IRA contribution limits so that people with poor options in their 401(k) plan can simply open IRA accounts. I have always thought that would be a reasonable move. People who work for companies that don't offer 401(k) plans are at a major disadvantage for no real reason. Not sur...
by Grt2bOutdoors
Wed Mar 04, 2015 10:31 am
 
Forum: Investing - Theory, News & General
Topic: "Americans Aren't Saving Enough for Retirement"
Replies: 16
Views: 1187

Re: "Americans Aren't Saving Enough for Retirement"

Don't panic! The fact that the average income-earning household only has $104,000 in retirement savings should not be the sole determinant of poor retirement prospects. Does the SCF from the Fed also account for other income streams - a pension, Social Security, income producing properties, part-tim...
by Grt2bOutdoors
Wed Mar 04, 2015 10:24 am
 
Forum: Investing - Theory, News & General
Topic: "Americans Aren't Saving Enough for Retirement"
Replies: 16
Views: 1187

Re: ...it is madness to risk losing what you need in pursuin

OP - If you're going to copy a quote to start a new thread, don't you think it would be proper to place it in context to what Warren Buffett wrote in his annual report? Did you just read the quote and read straight through the rest of what was said following it? The statement was made in the context...
by Grt2bOutdoors
Wed Mar 04, 2015 10:03 am
 
Forum: Investing - Theory, News & General
Topic: ...it is madness to risk losing what you need in pursuing wh
Replies: 42
Views: 3523

Re: Help- I keep investing my emergency fund in the stock ma

Take half of your emergency money and purchase Series I savings bonds from TreasuryDirect.gov - now that money will be locked up for the 1st year, after that it's completely liquid, but you will have to go through a series of steps to liquidate it. Take the other half of your emergency money and pla...
by Grt2bOutdoors
Tue Mar 03, 2015 1:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help- I keep investing my emergency fund in the stock market
Replies: 18
Views: 2197

Re: VEU 3.52% vs. 5 year Treasury 1.58%

How much buffer do you have? You've reached your number that permits you to withdraw X dollars or percent each year for some time period. Now, tell me you've hit your number plus 25% or more, and I'd say put it all into the market. Otherwise, holding a 50/50 portfolio offers the best of both worlds...
by Grt2bOutdoors
Tue Mar 03, 2015 9:53 am
 
Forum: Investing - Help with Personal Investments
Topic: VEU 3.52% vs. 5 year Treasury 1.58%
Replies: 29
Views: 1665

Re: Looking for 401k investment suggestions

Hello and welcome to the forum! You have a great selection of low cost well diversified index funds available to you in your 401k plan. Why would you want to use a higher cost target allocation fund, if you could design your own that would shave the expense down by 75% and would only need minimal re...
by Grt2bOutdoors
Tue Mar 03, 2015 9:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Looking for 401k investment suggestions
Replies: 6
Views: 669

Re: Trapped!!!! 401k plan question

My husband's 401k plan is with an insurance company....Mutual of Omaha. We have been contributing for 25+ years. We allocate our distributions into the index funds offered. I note that the index funds offered do not have symbols on the stock exchange sticker. What does that mean? Are the funds not ...
by Grt2bOutdoors
Tue Mar 03, 2015 9:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Trapped!!!! 401k plan question
Replies: 6
Views: 653

Re: Want to make $750K into $1m...Help

I'm a little puzzled by the Boglehead responses to OP post. My guess would have been that people would advice to put 50:50 in total stock and tax-exempt munis. CDs won't even beat inflation. If you were a fiduciary and made that recommendation, the OP could sue you for malpractice. Did you not see ...
by Grt2bOutdoors
Tue Mar 03, 2015 9:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Want to make $750K into $1m...Help
Replies: 25
Views: 2404

Re: Want to make $750K into $1m...Help

Hmm, if you are concerned about inflation, then I-Bonds are the key. You and your spouse can each buy 10k per year. You can also purchase some for your children in their names as well. Alternatively, you can purchase the Vanguard Inflation-Protected Fund (VIPSX). However, VIPSX, just like any other...
by Grt2bOutdoors
Tue Mar 03, 2015 9:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Want to make $750K into $1m...Help
Replies: 25
Views: 2404

Re: Need help in investing money

$620K in taxable stocks/mutual funds. The first thing that comes to mind is your definition of "well diversified" vs. the standard definition of "well diversified" and tax efficiency. How much overlap does your individual equities have with your mutual funds? Given your income le...
by Grt2bOutdoors
Tue Mar 03, 2015 9:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Need help in investing money
Replies: 2
Views: 264

Re: Help with Retirement Plan

And no Grt2bOutdoors, greater than 43% in taxes doesn't sound that fair but I guess such is life. I will be greatful for what I have been given to get me to that tax bracket, I guess. +1, grateful but that doesn't mean one should not take advantage of all legal means available to minimize tax burde...
by Grt2bOutdoors
Tue Mar 03, 2015 8:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 9
Views: 848

Re: VEU 3.52% vs. 5 year Treasury 1.58%

How much buffer do you have? You've reached your number that permits you to withdraw X dollars or percent each year for some time period. Now, tell me you've hit your number plus 25% or more, and I'd say put it all into the market. Otherwise, holding a 50/50 portfolio offers the best of both worlds,...
by Grt2bOutdoors
Tue Mar 03, 2015 8:31 am
 
Forum: Investing - Help with Personal Investments
Topic: VEU 3.52% vs. 5 year Treasury 1.58%
Replies: 29
Views: 1665

Re: Taylor Larimore Honored

Congratulations, Taylor!
:sharebeer
by Grt2bOutdoors
Tue Mar 03, 2015 8:22 am
 
Forum: Investing - Theory, News & General
Topic: Taylor Larimore Honored
Replies: 55
Views: 3904

Re: Help with Retirement Plan

Anil provides excellent advice on fixed income placement. The OP should refrain from investing in taxable bond funds in a taxable account because that will expose you to paying the 3.8% surcharge on net investment income. Tax exempt funds are not subject to that tax. Given your tax bracket you'll be...
by Grt2bOutdoors
Mon Mar 02, 2015 9:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 9
Views: 848

Re: What if you already have a couple million?

Every investor should develop an Investment Policy Statement and then follow it. Of course, an IPS is a living document meaning it changes as your goals are attained or your risk tolerance changes. Noted author Larry Swedroe has this saying "one should take risk based on need, willingness and a...
by Grt2bOutdoors
Mon Mar 02, 2015 9:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: What if you already have a couple million?
Replies: 42
Views: 5892

Re: Enough for Retirement? Prepay a commercial loan?

1) Enough for retirement? That depends on what your anticipated living expenses in retirement will be and your age. At a minimum, if you have 25x expenses socked away + Social Security to cover your outflows, you're good to go. The more the better. You didn't disclose your annual expenses so I can't...
by Grt2bOutdoors
Mon Mar 02, 2015 9:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Enough for Retirement? Prepay a commercial loan?
Replies: 2
Views: 410

Contacted by Internal Revenue Services [Scam]

I guess the phone scam is making its way around the country. I received 3 voicemail messages from the "Internal Revenue Service s " informing me that the message was being automated and that I am under legal persecution for tax fraud :oops: and for either myself or my appointed legal repre...
by Grt2bOutdoors
Mon Mar 02, 2015 7:22 pm
 
Forum: Personal Consumer Issues
Topic: Contacted by Internal Revenue Services [Scam]
Replies: 18
Views: 1264

Re: Legal Fees for Trusts and Wills

For our will and trusts, I signed up one year for our Group Legal program at work and it covered everything except for something that was $50 more because Hyatt Legal plan did not cover it. So basically I spent $16 a month for the plan and got a complete will and trsut out of it. Worked out pretty ...
by Grt2bOutdoors
Mon Mar 02, 2015 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Legal Fees for Trusts and Wills
Replies: 37
Views: 2299

Re: Do you consider mortgage payments as savings?

Borrowed money is never booked as income. On the balance sheet it's a debit to cash or in the case of property purchase you debit the Land/Building account, credit to loan payable. On the cash flow statement - found under cash flow from financing, on the operating cash flow it a reduction in the am...
by Grt2bOutdoors
Mon Mar 02, 2015 12:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 237
Views: 10004

Re: Oil & Vinegar

Newmans Own Balsamic or Ken's.
by Grt2bOutdoors
Mon Mar 02, 2015 11:13 am
 
Forum: Personal Consumer Issues
Topic: Oil & Vinegar
Replies: 45
Views: 2692

Re: Do you consider mortgage payments as savings?

Borrowed money is never booked as income. On the balance sheet it's a debit to cash or in the case of property purchase you debit the Land/Building account, credit to loan payable. On the cash flow statement - found under cash flow from financing, on the operating cash flow it a reduction in the amo...
by Grt2bOutdoors
Mon Mar 02, 2015 11:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 237
Views: 10004

Re: How to find a spouse who wants financial independence

Fifth: See how their place is decorated. This will be a great way to see their tastes and spending habits. Ha! When my spouse first visited my place, she thought I was dead-broke! She still stuck with me, that's one of the ways I knew she was a keeper. :happy Sixth: Early in the relationship, discu...
by Grt2bOutdoors
Mon Mar 02, 2015 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: How to find a spouse who wants financial independence
Replies: 48
Views: 7406

Re: Do you consider mortgage payments as savings?

I consider additional principal payments above the required mortgage payment to be savings. I consider the payment itself to be an unavoidable expense. I consider the accumulated principal to be part of my net worth, albeit a fairly useless part of my net worth until it finally frees me from a larg...
by Grt2bOutdoors
Mon Mar 02, 2015 10:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you consider mortgage payments as savings?
Replies: 237
Views: 10004

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

Sad news indeed - it was probably the most influential book on finance and financial independence I've ever read. I always remember he said that the Millionaire's next door "bought cars by the pound" -Frank I liked the quote "Big Hat, No Cattle" - the complete opposite of Bogleh...
by Grt2bOutdoors
Mon Mar 02, 2015 10:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 48
Views: 7884

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

That's a shame. I still refer back to that book from time to time. As one of the other posters mentioned, he provided a real service when he co-wrote that book with Danko.
by Grt2bOutdoors
Mon Mar 02, 2015 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 48
Views: 7884

Re: How to find a spouse who wants financial independence

There is no foolproof method. All folks want to achieve financial security and independence at some point in their lives. One needs to look for the signs and evidence that the individual takes a rational view towards spending, saving and investing. That said, life has a funny way of throwing you cur...
by Grt2bOutdoors
Mon Mar 02, 2015 8:41 am
 
Forum: Personal Finance (Not Investing)
Topic: How to find a spouse who wants financial independence
Replies: 48
Views: 7406

Re: 529 Plans versus other College Funding

There is no free ride - you will pay one way or another. 529 Plan - you sacrifice today to avoid taking on debt tomorrow and paying 2-3x as much later on Taxable account - you sacrifice today to avoid taking on debt tomorrow, paying taxes upfront today with more control on uses of money Cash Value L...
by Grt2bOutdoors
Sun Mar 01, 2015 6:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529 Plans versus other College Funding
Replies: 8
Views: 858

Re: Maximum amount in a 529 for an 8 year old?

Interesting question, I think about this myself. If you have $42K today and a $7K gift for each of the next 4 years, that takes you to 70K, toss in 3-4% inflation, at age 12 I'd start putting the extra money into a standard taxable account if the balance starts to approach within 20-25% of the cost ...
by Grt2bOutdoors
Sun Mar 01, 2015 9:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Maximum amount in a 529 for an 8 year old?
Replies: 9
Views: 926

Re: Can I afford my dream house?

I was in a very similar situation when we bought our house. We were lucky that prices had softened when we bought. Rather than buy the most house we could afford, we bought an adequate house in the best school district and had provisioned a 2 year cash emergency fund set aside in case of job loss o...
by Grt2bOutdoors
Thu Feb 26, 2015 9:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4010

Re: Do I have enough to retire at age 50?

Me: Age 48 Wife: Age 43 We both make about $95K We have $520K in taxable accounts. We have a 2nd house that is paid off and worth about $300k. It is rented out at $1300 per month My pension starts at age 55. If I quit my job at age 50 I would receive about $44K per year. My wife would continue work...
by Grt2bOutdoors
Thu Feb 26, 2015 9:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I have enough to retire at age 50?
Replies: 28
Views: 3825

Re: What would you do?

I think I'd shift down to part time work and re-evaluate after a year. You don't really know how stressful it will be until you try it; it'll be a lot less stressful than working full time like you do now in any event! The reason I say that is because you are so young and you have two young kids. L...
by Grt2bOutdoors
Thu Feb 26, 2015 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: What would you do?
Replies: 7
Views: 757

Re: "The world's largest non-commercial financial forum".

Where else can you get good advice on kitchen knives, $5,000 watches and what to do with a $5 million windfall? Don't forget about Subarus, cast iron skillets, and costco. Don't forget men's skincare products, shoes, dress shirts, warm coats, ties, college savings plans, high yielding savings accou...
by Grt2bOutdoors
Thu Feb 26, 2015 2:53 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: "The world's largest non-commercial financial forum".
Replies: 29
Views: 2177

Re: physicians

Myself as well as all of my physician friends feel the exact same way. I am 38 and am saving all that I can so that I can exit by age 50 and hopefully be financially independent by my early 40s. It is so sad to think of how long I trained and what I sacrificed to get here Not a physician, but if it...
by Grt2bOutdoors
Thu Feb 26, 2015 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 8827

Re: Spending trajectory for families with kids?

johnep wrote:I did not see where you indicated the sex of your 2 children. If any are girls, your last big expense will likely be a major one: paying for a wedding. It is something I did gladly but it was not cheap.


$100 at city hall - can't get much cheaper than that.
by Grt2bOutdoors
Thu Feb 26, 2015 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spending trajectory for families with kids?
Replies: 45
Views: 3466

Re: Help! Ive been put on a performance improvement plan!

Whatever you do, remember that HR has NONE of your interest in anything and is likely building evidence to be used against you. I would get resumes out. I was threatened with a similar plan as a cover for company policy to push anyone over 55 out of the company +1. Hate to break it to you, but a ma...
by Grt2bOutdoors
Thu Feb 26, 2015 12:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 8414

Re: Where to invest 150,000

What is there tax bracket? Let's say it's in the 25% tax bracket - how does Lifestrategy Conservative Growth sound? If that doesn't work - how about 20% in equity (50/50 between Total Stock Market and Total International), the remainder goes into either 5 year CD's or you can just use one fund - Tar...
by Grt2bOutdoors
Thu Feb 26, 2015 12:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to invest 150,000
Replies: 3
Views: 746

Re: Why there is no Target Date and Balanced ETF?

Why there is no Target Date and Balanced ETF?. Because these products are funds-of-funds and a Vanguard rep once mentioned that the regulations do not permit an ETF to be a fund-of-funds. I don't know why, but that's what he said. The Vanguard Total International Stock Index fund was a fund-of-fund...
by Grt2bOutdoors
Thu Feb 26, 2015 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Why there is no Target Date and Balanced ETF?
Replies: 8
Views: 878

Re: Raise was only 2.44%?

I've been with the same company for 20 years. For the last 5 years raises have been pretty weak. Usually 2-2.5%. The better performers get larger bonuses in the 10-12% range. That might be true, but your fringe benefits are over-the-top for your industry. Overall, your comp base is still growing at...
by Grt2bOutdoors
Thu Feb 26, 2015 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Raise was only 2.44%?
Replies: 49
Views: 4551

Re: Raise was only 2.44%?

NeutrinoPerson wrote:I was promoted within-company and it didn't come with a raise in itself, either.

Decent-sized bonus, though (14% of gross, pre-tax, so about 7% post-tax).


Do you prefer the alternative? That being the "door". :)
by Grt2bOutdoors
Thu Feb 26, 2015 10:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Raise was only 2.44%?
Replies: 49
Views: 4551

Re: Raise was only 2.44%?

Is a raise of 2.44% considered acceptable when it comes to keeping up with investments / retirement? I worry that this is merely keeping up with inflation (or even slightly behind it) and not actually improving my purchasing power. I also had a strong performance year as well (management very pleas...
by Grt2bOutdoors
Thu Feb 26, 2015 10:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Raise was only 2.44%?
Replies: 49
Views: 4551

Re: Penalty for non-qualified withdrawal 529 plan after 59.5

A 529 plan is an education specific plan, it is not a retirement plan. Sorry, but you're going to pay that penalty irrespective of your age, unless you can prove you received a scholarship in the amount you withdraw from that plan, then you'll only be subject to the income tax on the gains, but no p...
by Grt2bOutdoors
Thu Feb 26, 2015 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Penalty for non-qualified withdrawal 529 plan after 59.5 yr
Replies: 2
Views: 254

Re: Can someone please help me with this investment thing!

All of the above suggestions are good, but for a true beginner, I'm going to recommend you spend an hour or less of your time reading this short primer on investing, written by a neurologist turned financial adviser (adviser not salesperson). Here is the link ---> http://www.etf.com/docs/IfYouCan.pd...
by Grt2bOutdoors
Wed Feb 25, 2015 2:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can someone please help me with this investment thing!
Replies: 17
Views: 1179

Re: Recommend a quality (and reasonably priced) knife set

I would strongly recommend NOT buying a knife set. It's a complete waste of money, even though every wedding registry seems to ask for them. Do yourself a favor and talk to any culinary professional, and they will tell you one good chef's knife can do 90% of what you need. Go with German Steel, unl...
by Grt2bOutdoors
Wed Feb 25, 2015 1:26 pm
 
Forum: Personal Consumer Issues
Topic: Recommend a quality (and reasonably priced) knife set
Replies: 64
Views: 2429

Re: Which Car? struggling to decide

The commuter parking lot by me is filled with leased Range Rovers, Bimmers and Benz's. Man, when I see them pull up in their cool car in the morning, I just think to myself - there goes another $500, at the end of the year, that's $6K, three years from now it's $18K plus lost appreciation, they coul...
by Grt2bOutdoors
Wed Feb 25, 2015 1:16 pm
 
Forum: Personal Consumer Issues
Topic: Which Car? struggling to decide
Replies: 45
Views: 2807

Re: Buy and Hold Forever Stocks

How about great companies in energy and technology? I'm thinking keepers like Enron and Blackberry. You're right, if you held Enron Oil and Gas, you've done well for yourself. The stock symbol is EOG, they are making a killing in the Eagle Ford oil shale. On the other hand, if you kept Enron the ut...
by Grt2bOutdoors
Wed Feb 25, 2015 9:57 am
 
Forum: Investing - Theory, News & General
Topic: Buy and Hold Forever Stocks
Replies: 101
Views: 7582
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