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by Grt2bOutdoors
Fri May 22, 2015 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Kids allowance, Savings education, Kids investments
Replies: 3
Views: 152

Re: Kids allowance, Savings education, Kids investments

As a background, I recently started a weekly allowance for my 7-year old. A $1 for each year old ($7 a week). It's her money and she can spend it as she pleases. However, to entice her to save, I gave her a "mommy match" of 100% of each dollar that she chooses to save. The catch is - that...
by Grt2bOutdoors
Fri May 22, 2015 12:40 pm
Forum: Investing - Theory, News & General
Topic: Bill Gross Thinks the End Is Near
Replies: 20
Views: 1315

Re: Bill Gross Thinks the End Is Near

It may well be - I mean, eventually he will retire from work and eventually.........he'll move onto other pastures. :P
by Grt2bOutdoors
Fri May 22, 2015 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: city selling 'mini-bonds' at attractive rates
Replies: 23
Views: 1430

Re: city selling 'mini-bonds' at attractive rates

thanks fred, I agree this is not an important financial decision. I am more interested in the principle than the principal. Is this a worthwhile investment? If one could invest unlimited amounts, how much would you choose to invest? I will do this, the hassle factor is relatively small since I will...
by Grt2bOutdoors
Fri May 22, 2015 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Kids allowance, Savings education, Kids investments
Replies: 3
Views: 152

Re: Kids allowance, Savings education, Kids investments

Hi, new here. I've done a search on this topic, but can't quite find the answer specifically related to my question. So, after reading through boglehead posts on this, books like "Silver spoon kids" and "How to make your kids millionaires" and other such blogs, I still struggle ...
by Grt2bOutdoors
Fri May 22, 2015 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Allocation with large holding in single stock
Replies: 4
Views: 198

Re: Allocation with large holding in single stock

Some more information to help: They have held this stock for decades through good and bad and will not be selling until they need to money. Even if it had a significant drop. Who knows what the future holds, but I do not believe they will need to sell the Apple stock for many years if at all. Divid...
by Grt2bOutdoors
Fri May 22, 2015 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Are we doing enough?
Replies: 7
Views: 773

Re: Are we doing enough?

That 40% savings rate is huge, so their expenses have to be well under control. I don't include 529 plan savings as "savings for retirement". Yes, they can access the principal contributions without penalty, but withdrawals are proportional gains and contributions if not used for educatio...
by Grt2bOutdoors
Fri May 22, 2015 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Move out of 401k?
Replies: 5
Views: 245

Re: Move out of 401k?

I have an 800K balance in a 401k with my employer, hosted at Vanguard. We have four (4) investment choices. I am in a "balanced" fund that is 30% VTSMX, 30% VGTX and 40% VTBIX, with management fee of .09%. I have 25+ years service and am permitted to move my account anywhere (in or out of...
by Grt2bOutdoors
Fri May 22, 2015 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Are we doing enough?
Replies: 7
Views: 773

Re: Are we doing enough?

Unable to assess - what are your current living expenses? What will your projected living expenses be in retirement, will you upscale your life from today? How are your current investments invested? What is the current funded status of your state retirement pensions? How much will healthcare cost yo...
by Grt2bOutdoors
Fri May 22, 2015 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Career Advice: Follow "Passion" or Follow the Money?
Replies: 55
Views: 2165

Re: Career Advice: Follow "Passion" or Follow the Money?

What, if any, are your plans for family/children? Many of my neighbors are in management consulting. They travel *a lot*. Some are gone weeks at a time. Their spouses are basically single parents (albeit with much more money to spend). Yes, the traveling consultant, I am well aware that they travel...
by Grt2bOutdoors
Fri May 22, 2015 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 7
Views: 339

Re: Portfolio Review

Looks good to me. 50x annual draws? - that is some margin of safety you've got there!

BTW, this is the Bogleheads - we don't subscribe to Jim Cramer or CNBC except to turn the volume off and watch them bicker amongst themselves. :twisted:
by Grt2bOutdoors
Fri May 22, 2015 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 54
Views: 4013

Re: Friends/Family that don't invest!

Leesbro63 wrote:I've heard two big excuses to not invest: 1. Might lose it/markets risky. 2. Might die tomorrow. Both of these are just excuses for living beyond one's means, which I actually think falls into the category of addiction.


I have addictions - good food, good company and financial security. :D
by Grt2bOutdoors
Fri May 22, 2015 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 54
Views: 4013

Re: Friends/Family that don't invest!

I suspect that many people lack the same financial goals that we possess. Hence they do not undertake a study of the matter, nor do they undertake the right steps. Hence their results are different I call it the "deer in headlights" approach. The mere mention of retirement brings about th...
by Grt2bOutdoors
Fri May 22, 2015 7:57 am
Forum: Personal Consumer Issues
Topic: Put money down on new car, dealer wants color change
Replies: 47
Views: 2756

Re: Put money down on new car, dealer wants color change

We recently put $1000 earnest money down to purchase a 2015 Nissan Pathfinder. I've bought 4 cars brand new (pre-boglehead I know I know) and never put down earnest money! When I buy a car, color falls into 3 categories, for example on my last purchase: 1. Want (Silver,White) 2. Can live with (Blac...
by Grt2bOutdoors
Fri May 22, 2015 7:54 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review (28 years old today!)
Replies: 21
Views: 781

Re: Portfolio Review (28 years old today!)

I really appreciate all of the replies guys. My takeaway is that everyone feels this portfolio is too risky, so I'll consider lowering the EM portion. I know the active China and India bets are a bit much too haha. But looking at Malkiel's sample portfolio, I couldn't help myself. That dude really ...
by Grt2bOutdoors
Thu May 21, 2015 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review (28 years old today!)
Replies: 21
Views: 781

Re: Portfolio Review (28 years old today!)

Happy Birthday! Make your life simpler - hold 5 funds or less. That portfolio is way way too complicated, spend your time in a more productive manner; career, family, personal relationships. Try something like this - VTI, VBR, VSS or DLS, VXUS, insert your choice of fixed income vehicle here. That's...
by Grt2bOutdoors
Thu May 21, 2015 1:07 pm
Forum: Personal Consumer Issues
Topic: Put money down on new car, dealer wants color change
Replies: 47
Views: 2756

Re: Put money down on new car, dealer wants color change

The dealer is more than able to get you the color he wants. He's trying to get rid of his inventory before he purchases a different vehicle for you. In the future I wouldn't give any car dealer money until you are about to drive the car off the lot. +999999999999999999999999999999999999999999999999...
by Grt2bOutdoors
Wed May 20, 2015 4:23 pm
Forum: Investing - Theory, News & General
Topic: Why Bother With Bonds? (book shout out)
Replies: 7
Views: 1418

Re: Why Bother With Bonds? (book shout out)

+1 Another shout-out, this is an excellent book, I should know, I've read it from cover to cover. :)
by Grt2bOutdoors
Wed May 20, 2015 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: Soon to be married - Need help
Replies: 5
Views: 784

Re: Soon to be married - Need help

Can't help you - Condolences....... :P

401K allocations look good, next time spell out name of funds, luckily I can understand Vanguard speak somewhat. :)
by Grt2bOutdoors
Wed May 20, 2015 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Would a nervous self investor be better off with Wellington Fund?
Replies: 16
Views: 1535

Re: Would a nervous self investor be better off with Wellington Fund?

Only if a 38% decline in NAV does not affect your state of mind. Wellington dropped that much in value during the 2009 debacle in March. However, it rebounded quite nicely along with the rest of the market. The key is not to panic. Let the managers "manage" the fund, all you have to do is ...
by Grt2bOutdoors
Wed May 20, 2015 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: city selling 'mini-bonds' at attractive rates
Replies: 23
Views: 1430

Re: city selling 'mini-bonds' at attractive rates

The city is not going bankrupt but their financing needs are going to go up and it doesn't appear likely that tax base will keep up with it. These bonds are being sold for non essential services, a type of museum. Much like when my county issues bonds to buy land to keep it open space or build a go...
by Grt2bOutdoors
Wed May 20, 2015 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Need Budgeting Help ASAP!
Replies: 42
Views: 1914

Re: Need Budgeting Help ASAP!

I live in a very high cost of living area outside nyc. The automatic retirement works, here and for my parents that live in westchester county and my in laws that live in Suffolk county. Just automate it, even starting with 1%. You won't even miss it, then increase it annually. The OP is talking ab...
by Grt2bOutdoors
Wed May 20, 2015 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Need Budgeting Help ASAP!
Replies: 42
Views: 1914

Re: Need Budgeting Help ASAP!

I'm simply going to address the new job offer: assuming a 45k increase (160k vs 115k), ~$31,500 after taxes. That $190k student loan would take 6+ years of $31,500 annual payments. That is, if EVERY dime from your new job went to your loans, you would pay them off in 6-8 years, possibly. Your curre...
by Grt2bOutdoors
Wed May 20, 2015 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Need Budgeting Help ASAP!
Replies: 42
Views: 1914

Re: Need Budgeting Help ASAP!

I'm going to suggest a very different approach than the others have given. It has worked for my husband and I for over 25 years. Basically, we do not "budget" at all. We simply save first , and live on whatever is left. If there are salary increases or bonuses, they are saved. Importantly...
by Grt2bOutdoors
Wed May 20, 2015 9:20 am
Forum: Investing - Help with Personal Investments
Topic: city selling 'mini-bonds' at attractive rates
Replies: 23
Views: 1430

Re: city selling 'mini-bonds' at attractive rates

hardly a bargain if the city hits rough times... These bonds are not rated but the city is. Why do you think the risk is substantially more than what 2 major ratings agencies have found? it doesn't appear likely that tax base will keep up with it. I don't know why you would say that. Clark County i...
by Grt2bOutdoors
Wed May 20, 2015 8:52 am
Forum: Personal Finance (Not Investing)
Topic: How far behind in saving are we?
Replies: 15
Views: 2964

Re: How far behind in saving are we?

I'm 28, and my husband is 29. We have recently committed to each contributing ten percent of gross income into our Roths, with plans to increase our contributions each year, and to setting another ten percent aside for an eventual house down payment. Our combined gross income is about $70k. I have ...
by Grt2bOutdoors
Wed May 20, 2015 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Need Budgeting Help ASAP!
Replies: 42
Views: 1914

Re: Need Budgeting Help ASAP!

1. I contribute 5%. I believe my employer matches 5%. That is a total of 10%. Thus $360 a month is being saved in my retirement. I must be in this job for three years to become vested in that amount. The issue is that I am currently waiting to hear back on a counter offer I made for a job at a law ...
by Grt2bOutdoors
Wed May 20, 2015 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Need Budgeting Help ASAP!
Replies: 42
Views: 1914

Re: Need Budgeting Help ASAP!

Work pays for my Metrocard. Gym is $80 a month. It is nearly impossible to figure out what food costs. I think going out for dinner and drinks aka my social life is what is killing me here. Not really - buy yourself a 99 cent pad, end of day jot down what you bought that day, end of week, tally up ...
by Grt2bOutdoors
Wed May 20, 2015 8:19 am
Forum: Investing - Help with Personal Investments
Topic: city selling 'mini-bonds' at attractive rates
Replies: 23
Views: 1430

Re: city selling 'mini-bonds' at attractive rates

I would buy if I were eligible. I also buy EE bonds, and these are a better bargain than them. US guarantee is as good as you can get, City of Vancouver? hardly a bargain if the city hits rough times......the big question is how much more additional debt will the city take on between now and time o...
by Grt2bOutdoors
Wed May 20, 2015 8:17 am
Forum: Investing - Help with Personal Investments
Topic: city selling 'mini-bonds' at attractive rates
Replies: 23
Views: 1430

Re: city selling 'mini-bonds' at attractive rates

I look at it this way. The spread over LT TE is probably ~200bp. On $10K you're talking $200 a year. It isn't worth agonizing over either way. That's true, I read the offering statement. The city is not going bankrupt but their financing needs are going to go up and it doesn't appear likely that ta...
by Grt2bOutdoors
Wed May 20, 2015 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Need Budgeting Help ASAP!
Replies: 42
Views: 1914

Re: Need Budgeting Help ASAP!

I bring home now around $5,500 a month after taxes and all retirement contributions, medical, etc. Rent - $1,900 Law school loan - $850 Car lease - $295 Gas/Tolls/Car Insurance - $250 - 300 This brings me up to around $2,000. I also pay about 60 in cable which is minimal. Say I put $1,000 in saving...
by Grt2bOutdoors
Wed May 20, 2015 7:21 am
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 257
Views: 23507

Re: Do you think Ric Edelman is correct, never pay down mortgage

I don't think this is true. When you itemize, you loose standard deduction. You have to have enormous mortgage and/or high interest rate to benefit from this mortgage interest deduction. I'm single with a $240k mortgage, and even with including the property taxes the tax benefit I get is very low, ...
by Grt2bOutdoors
Tue May 19, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 158
Views: 9223

Re: How much does social security factor into your retirement income?

I noticed that quite a number of retired people are saving their monthly SS payments and living off their investments. I am planning on living off my SS payments and keeping my investments where they are. Am I missing here something? :confused Almost there Nope, required minimum distributions are w...
by Grt2bOutdoors
Tue May 19, 2015 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: How much is financial flexibility worth?
Replies: 15
Views: 1182

Re: How much is financial flexibility worth?

Carefreeap wrote:If you want REAL flexibility I'd be hoarding cash.

If you want to pay off something then concentrate on the 6.5% loan. The rest of those other loans are cheap and I'd fund my retirement and adding to my taxable account over paying off that cheap debt.


+1 Hit the nail right on the head.
by Grt2bOutdoors
Tue May 19, 2015 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: 30 years old, baby on the way, just starting out advice...
Replies: 16
Views: 1708

Re: 30 years old, baby on the way, just starting out advice...

Outdoors, NYPD website - http://www.nypdrecruit.com/benefits-salary/overview after 5 years making 90k... I don't know any cop that doesn't do overtime. Until you see their annual pay-stub at 12/31 don't believe everything you've read. New recruits start out at 25K, they have to pay into their pensi...
by Grt2bOutdoors
Tue May 19, 2015 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Turned 40, time to figure out a long-term plan
Replies: 13
Views: 2161

Re: Turned 40, time to figure out a long-term plan

That's a BIG mortgage.......is all I am saying.
by Grt2bOutdoors
Tue May 19, 2015 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: 30 years old, baby on the way, just starting out advice...
Replies: 16
Views: 1708

Re: 30 years old, baby on the way, just starting out advice...

Hello, Baby is coming next couple months and I want to get ahead of the game with investing for her and our future. Stats: We have an emergency fund of 50k, and a house fund of 110k, and no debt, 2 cars paid off. Wife has 401k = 30k. I have 7k ROTH, and 10k tIRA... We do NOT have a will or life ins...
by Grt2bOutdoors
Tue May 19, 2015 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Investment Plan Review (23 y.o.)
Replies: 4
Views: 267

Re: Investment Plan Review (23 y.o.)

Hello, I am fairly new to investing, but since everything I read pushes starting early, I decided to take the advice. I graduated from college last year, am currently working within the Federal Government with a gross income of 45k. I was thinking about the following plan: TSP G - 10% F - 10% C - 4...
by Grt2bOutdoors
Tue May 19, 2015 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Young And Clueless
Replies: 28
Views: 2355

Re: Young And Clueless

Awesome, Thank you guys I should be opening up a Roth IRA with Vanguard next paycheck and maxing it out this month and will try to get with HR to pull up some of the quarterly reports of our 401(K) plan and see if you guys think it is worth sticking with. Just list your 401k investment options as s...
by Grt2bOutdoors
Tue May 19, 2015 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 63
Views: 9061

Re: Time to reach 1M and 2M milestones

The first $10K, $25K, $50K, $100K is the hardest. After that, continual contributions and asset appreciation reduces the headwinds and allow you to reach $1 million quicker. For a long while it seemed as if I would never reach $100K, then one day, lo and behold, assets went over that magic number. T...
by Grt2bOutdoors
Tue May 19, 2015 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 63
Views: 9061

Re: Time to reach 1M and 2M milestones

Newbie question: what is the difference between "net worth" and "investable assets"? Net worth - total assets less total liabilities Investable assets - relatively liquid assets that can be utilized or spent on long term or short-term investment securities. You may have home equ...
by Grt2bOutdoors
Tue May 19, 2015 7:16 am
Forum: Personal Finance (Not Investing)
Topic: How do Bogleheads (in general) plan to finance their healthcare for later life?
Replies: 34
Views: 3445

Re: How do Bogleheads (in general) plan to finance their healthcare for later life?

All assets are open game for paying expenses, including that of healthcare.
I don't have access to an HSA, my Roth can serve double duty if and when the time comes that I no longer have other assets from which to pay.
by Grt2bOutdoors
Sun May 17, 2015 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Should we purchase home without permits?
Replies: 70
Views: 4161

Re: Should we purchase home without permits?

PS - If they do not have the time or equity to bring it up to code, another option is asking them to come down on the purchase price so that we can pay to have it done. If that happens, how much would you ask for -- 20k? 30k? The only thing I don't like about this approach is our homeowner's insura...
by Grt2bOutdoors
Sun May 17, 2015 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Should we purchase home without permits?
Replies: 70
Views: 4161

Re: Should we purchase home without permits?

That's about the age of my home. How's the electrical look? My first concern is that you're seriously lacking on grounded outlets, especially GFI (Ground Fault Interrupters) for the bathrooms. If grounded outlets are required to bring it up to code, you're looking at a major overhaul. If anything h...
by Grt2bOutdoors
Sat May 16, 2015 11:03 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 158
Views: 9223

Re: How much does social security factor into your retirement income?

Zero. I wish that I didn't have to pay social security taxes for something I have no use for. Thank you for helping others. My father was killed while on active duty in the Air Force. My widowed mother relied on SS survivor benefits for her and her children (6 years old and younger at the time) for...
by Grt2bOutdoors
Sat May 16, 2015 10:58 am
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 158
Views: 9223

Re: How much does social security factor into your retirement income?

Significantly, I'm estimating 75% of benefit will be received.
by Grt2bOutdoors
Fri May 15, 2015 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: 50/50 allocation for couple mid 30s.
Replies: 12
Views: 818

Re: 50/50 allocation for couple mid 30s.

Currently, we have 50% Vanguard Admiral shares and 50% Vanguard Precious Metals and Mining Fund. We want to retire around 65 so 30 years from now. Do you think this is too risky for our age? Thanks. There is no Vanguard Admiral shares - there is an Admiral class of shares and an Investor class of s...
by Grt2bOutdoors
Fri May 15, 2015 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Am I a Millionaire???
Replies: 53
Views: 6310

Re: Am I a Millionaire???

I would say once you and your wife reach 1m+ how you want to define it, together you are millionaires. Alone you will not be a millionaire until you have 2m+ and get divorced :shock: In regards to the son, I remember this quote posted before in some variation: A man was once asked by his young son,...
by Grt2bOutdoors
Fri May 15, 2015 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Am I a Millionaire???
Replies: 53
Views: 6310

Re: Am I a Millionaire???

Which takes me to my third point - why do you care if you are a millionaire or not? I don't think there are many millionaire clubs about anymore. It is just a number and the only person that numbers matters to is you . Actually, the numbers matter to gold diggers and lawyers suing you. The IRS may ...
by Grt2bOutdoors
Fri May 15, 2015 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Am I a Millionaire???
Replies: 53
Views: 6310

Re: Am I a Millionaire???

You are not (yet) a millionaire. Right! But the question wasn't am I a millionaire right now...it's will I be next year assuming the numbers in my first post hold true. In nominal terms, yes, in real terms - we don't know yet and neither do you. What is your pre-occupation on whether you will be a ...
by Grt2bOutdoors
Thu May 14, 2015 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Hi I'm new and need suggestions for our finances.
Replies: 3
Views: 305

Re: Hi I'm new and need suggestions for our finances.

Hello and welcome to the forum!

Read this...... www.etf.com/docs/IfYouCan.pdf

Post your questions in the format shown in my signature link below.

You like to give? Here's my wire and bank account information.......(just kidding :wink: )

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