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by Grt2bOutdoors
Fri May 29, 2015 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can my husband retire yet?
Replies: 51
Views: 4612

Re: Can my husband retire yet?

How much do you need to live day to day? Is $90K sufficient to meet your daily living expenses and put some away for the future (retirement)? If you invested portfolio 50/50 or 60/40 you may have $1MM or more in 15 years. Is that sufficient to retire on then? What about kids? I don't recall all of y...
by Grt2bOutdoors
Fri May 29, 2015 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Question
Replies: 7
Views: 600

Re: 529 Question

Does anyone currently have Bright Start or transferred funds from Bright Directions to Bright Start? I know Bright Directions is fairly easy to use and you can do contributions online. Does Bright Start have similar capabilities? Can you transfer from Directions to Start, and are there any consider...
by Grt2bOutdoors
Fri May 29, 2015 8:30 am
Forum: Investing - Help with Personal Investments
Topic: No debt. Maxed out retirement and Roth. Help!
Replies: 24
Views: 2239

Re: No debt. Maxed out retirement and Roth. Help!

Knowsnothing I Impressive! Thank you. We figure why work hard all your life to save and reap the benefits in retirement if you're not healthy enough to enjoy it. Knock wood, lots of folks don't plan on departing early after decades of hard work, life sometimes isn't fair even for the most condition...
by Grt2bOutdoors
Fri May 29, 2015 8:29 am
Forum: Investing - Help with Personal Investments
Topic: No debt. Maxed out retirement and Roth. Help!
Replies: 24
Views: 2239

Re: No debt. Maxed out retirement and Roth. Help!

Thank you all so very much!! We didn’t even know where to start. We keep saying we need to do something with the money sitting in our savings accounts. Even though my husband is an accountant (government accounting only), it does not teach people every day common sense. I will print out your respon...
by Grt2bOutdoors
Thu May 28, 2015 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: When to go conservative, College near
Replies: 4
Views: 590

Re: When to go conservative, College near

The time is now, you need to put that money in a liquid stable account like an FDIC insured savings account which likely yields more than CD's do today.
by Grt2bOutdoors
Thu May 28, 2015 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: After you pay off your house...then what?
Replies: 26
Views: 3284

Re: After you pay off your house...then what?

I like the EE bonds idea, it's what we've done after maxing out tax deferred space, paying off mortgage, fully funding 529s and contributing pretty substantialy to a taxable account. The tax deferral is nice as we are in a high bracket right now. Plan to build a 10 year ladder and use them as a saf...
by Grt2bOutdoors
Thu May 28, 2015 8:26 am
Forum: Investing - Help with Personal Investments
Topic: After you pay off your house...then what?
Replies: 26
Views: 3284

Re: After you pay off your house...then what?

100k turns into 200k. You pay 25% in taxes so your down to 175k. Inflation average 2.5% (higher than now but below historical average) and I am pretty much back where I started. For locking my money up for 20 years (the return if you cash in at 10 years is bad) I expect more :) I expect my money to...
by Grt2bOutdoors
Thu May 28, 2015 8:24 am
Forum: Investing - Help with Personal Investments
Topic: Cold Calls from Hennion & Walsh
Replies: 3
Views: 436

Re: Cold Calls from Hennion & Walsh

I just received the umpteenth cold call from "bond specialist" Hennion & Walsh. This morning they were pitching 10 MD munis, 4% coupon, at par, maturing in 2038. A CUSIP look-up on Fidelity showed an ask of 99! Nice profit, guys! When I asked about the bond's duration the salesmen stu...
by Grt2bOutdoors
Thu May 28, 2015 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Tax versus Lottery Winning
Replies: 11
Views: 1457

Re: Tax versus Lottery Winning

Am I thinking correctly?? In the case of (B), won't the family have to do something special in order to make sure that the winning is not assigned to only one family member?? There is another way to approach this. Let's assume that you have the winning ticket in your hand. You head to the lottery o...
by Grt2bOutdoors
Thu May 28, 2015 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Pre-Retirement Guidance
Replies: 17
Views: 1796

Re: Pre-Retirement Guidance

I think you should contribute the maximum possible to the 401(k) which is probably more than 6% of income. If you think that is too much money and you will not be able to pay your expenses if you contribute the $24,000 that you are allowed to contribute, then think again: You can just spend money f...
by Grt2bOutdoors
Thu May 28, 2015 7:25 am
Forum: Investing - Help with Personal Investments
Topic: New 401k - Seeking Advice
Replies: 5
Views: 386

Re: New 401k - Seeking Advice

Hi, and thanks for your replies. I should make a couple of clarifications to my post since it might affect your advice. Let me know if it does or doesn't. The clarifications are made in the original post. The S&P 1500 index is designed to capture the returns of the Total Stock Market Index (lar...
by Grt2bOutdoors
Thu May 28, 2015 7:14 am
Forum: Investing - Help with Personal Investments
Topic: After you pay off your house...then what?
Replies: 26
Views: 3284

Re: After you pay off your house...then what?

I like series E government bonds, if you're not already invested. They double in 20 years. The interest is tax deferred until you redeem and even then it has some special treatment. You're 41, you'll have double your investment guaranteed at 61, 62, 63 etc. What do you think about that? Mike 100k t...
by Grt2bOutdoors
Wed May 27, 2015 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: After you pay off your house...then what?
Replies: 26
Views: 3284

Re: After you pay off your house...then what?

Take your wife and kids on a nice vacation - they've earned it!
Then add the remainder of balance to your taxable account for that year, plus every year thereafter according to your asset allocation plan.
by Grt2bOutdoors
Wed May 27, 2015 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Grandson's UTMA account
Replies: 14
Views: 711

Re: Grandson's UTMA account

As you get closer to college, consider adding more to bonds and less in equities. You can do this by either selling and re-balancing to fixed income and/or contributing your nickels directly to a fixed income investment option. I wouldn't be increasing the allocation to equities at this point in time.
by Grt2bOutdoors
Wed May 27, 2015 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: pension vs variable annuity
Replies: 10
Views: 778

Re: pension vs variable annuity

hello I am in my late 30s and have 50K in a employer provided pension. I am considering transferring to an AXA cornerstone Variable annuity for a higher rate of return, and more control of who the money goes to after my death. Any opinions on if this is a wise move? Did your AXA financial advisor r...
by Grt2bOutdoors
Wed May 27, 2015 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Grandson's UTMA account
Replies: 14
Views: 711

Re: Grandson's UTMA account

Thanks for reading my posts. We knew the "rules of the game" at the outset and as they get older we are beginning to realize that the rules - or laws, will come to pass. You just don't fully comprehend this when they are tiny and the accounts are established. Thanks again, Winsome Tell th...
by Grt2bOutdoors
Wed May 27, 2015 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Grandson's UTMA account
Replies: 14
Views: 711

Re: Grandson's UTMA account

Would it make any difference in your reply were I to tell you that his VG Small Cap Index Fund Admiral is up 91% and his VG Total Stock Market Index Admiral is up 50% for this same period of time. For a long time, the International Fund was under water. Since this money is ostensibly for college an...
by Grt2bOutdoors
Wed May 27, 2015 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: lump sum divorce settlement
Replies: 27
Views: 2913

Re: lump sum divorce settlement

If you take ALL the stats into considerations (without cherry picking), an accounting degree is a really, really good bet for a 15-20 year career. I don't see how anyone can say that without running the numbers. After all, you don't even know the OP's current job & income. Looking at stats of 2...
by Grt2bOutdoors
Wed May 27, 2015 4:18 pm
Forum: Personal Consumer Issues
Topic: Planning a wedding in Long Island NY
Replies: 12
Views: 895

Re: Planning a wedding in Long Island NY

We had our daughter's wedding last fall and was shocked at how costly the rehearsal dinner was.....almost as much as the wedding. I know I am an old guy but these dinners are a little over the top and these venues see you coming and charge you for it. What happened to the times when only the bridal...
by Grt2bOutdoors
Wed May 27, 2015 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: lump sum divorce settlement
Replies: 27
Views: 2913

Re: lump sum divorce settlement

I don't know if getting a degree is a slam-dunk great idea. Look at it from a NPV & cash flow basis. How much time & money do you have to invest to finish your accounting degree? Also keep in mind that current tuition rates are artificially inflated by massive government-backed student loan...
by Grt2bOutdoors
Wed May 27, 2015 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: EE/I Bonds purchase question
Replies: 9
Views: 644

Re: EE/I Bonds purchase question

Thanks Cruncher for your input, the money is not emergency fund, I already has one with one year expenses covered. It is a money I received as a gift from my mother and I am currently just retired at age 58 and have no immediate use for this money, also I have around 250k in saving account at WF ea...
by Grt2bOutdoors
Wed May 27, 2015 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Max 401k or Prepay 30yr Mortgage in 15yrs
Replies: 25
Views: 1847

Re: Max 401k or Prepay 30yr Mortgage in 15yrs

Good advice everyone. I am going to max out retirement accounts and once I have 20% equity possibly refinance. The power of compounding returns is just too great to not be doing the max retirement as many of you have mentioned. Not to sway your decision but my suggestion is to prepay mortgage esp, ...
by Grt2bOutdoors
Wed May 27, 2015 11:55 am
Forum: Personal Finance (Not Investing)
Topic: lump sum divorce settlement
Replies: 27
Views: 2913

Re: lump sum divorce settlement

I don't know if getting a degree is a slam-dunk great idea. Look at it from a NPV & cash flow basis. How much time & money do you have to invest to finish your accounting degree? Also keep in mind that current tuition rates are artificially inflated by massive government-backed student loan...
by Grt2bOutdoors
Wed May 27, 2015 8:01 am
Forum: Personal Consumer Issues
Topic: Planning a wedding in Long Island NY
Replies: 12
Views: 895

Re: Planning a wedding in Long Island NY

A Long Island Wedding? They are very famous for being extravagant. I have been to a few … all with live music and open bar and lots of guests. For one, the bride got a degree in engineering, then worked for a year while living at home solely to save money to pay for her wedding. She spent her entir...
by Grt2bOutdoors
Wed May 27, 2015 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage strategy please review
Replies: 9
Views: 846

Re: Mortgage strategy please review

If your job is very secure, I say go for the lower interest rate. The difference between the two interest rates is substantial. The cost of the interest premium is $3936 in the first year (~$2,936 after-tax). That is not a substantial insurance premium in return for flexibility. The OP can always p...
by Grt2bOutdoors
Wed May 27, 2015 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage strategy please review
Replies: 9
Views: 846

Re: Mortgage strategy please review

It makes more sense to keep the flexibility of the 30-yr mortgage and keep maxing the tax-advantaged opportunities, yes? I say yes. Agree - Keep the 30 year for flexibility, as you gather taxable assets, use some of it to pay it down. Don't strangle yourself to max out all accounts, back door, mega...
by Grt2bOutdoors
Wed May 27, 2015 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Max 401k or Prepay 30yr Mortgage in 15yrs
Replies: 25
Views: 1847

Re: Max 401k or Prepay 30yr Mortgage in 15yrs

The rate you pay is a function of what the 10 Year Treasury Note was doing at the time of origination, the amount of your down payment, your credit score at the time of origination, the level of debt you maintained if any, in addition to the mortgage you took out on the property. As BSteiner pointed...
by Grt2bOutdoors
Tue May 26, 2015 11:47 am
Forum: Investing - Theory, News & General
Topic: Book recommendation
Replies: 6
Views: 939

Re: Book recommendation

Do you still recommend the book for those who are 15+ years away from retirement?
by Grt2bOutdoors
Tue May 26, 2015 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Friends/Family that don't invest!
Replies: 87
Views: 8729

Re: Friends/Family that don't invest!

I listen to my wife and would not say anything to anyone about investing. It's a shame that people can't have intelligent thought provoking conversations about finance, politics, religion and other philosophical topics without getting all bent out shape. Frankly, I get bored to death talking on the...
by Grt2bOutdoors
Tue May 26, 2015 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Personal Investments - Review
Replies: 5
Views: 684

Re: Personal Investments - Review

Thank you both for your input! Generally, a Roth is best for high growth, as it is never (again) taxed and - perhaps even more importantly - there are no required minimum distributions, unlike a regular IRA/401k. I find it odd that someone who describes himself as a 90:10 investor wants to use Well...
by Grt2bOutdoors
Tue May 26, 2015 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity 529 and Arizona and Deleware
Replies: 10
Views: 736

Re: Fidelity 529 and Arizona and Deleware

Your right, it looks like all four plans (Arizona, DE, Mass, New Hampshire) offer and age based index fund option with similar expense ratios. My only preference for Fidelity was that I am able to fund from brokerage account on a monthly basis without separate set up. You see any advantage to any? ...
by Grt2bOutdoors
Tue May 26, 2015 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Explaining Vanguard GNMA Admiral over past month
Replies: 11
Views: 1125

Re: Explaining Vanguard GNMA Admiral over past month

New mortgages being issued, while older mortgages with higher coupons are being pre-paid at higher rates? The duration can stay steady, while the coupon adjusts based on market factors including demand and pre-payments. My off the cuff guess. As prepayments are replaced with new issues, duration (n...
by Grt2bOutdoors
Tue May 26, 2015 8:29 am
Forum: Investing - Help with Personal Investments
Topic: Explaining Vanguard GNMA Admiral over past month
Replies: 11
Views: 1125

Re: Explaining Vanguard GNMA Admiral over past month

New mortgages being issued, while older mortgages with higher coupons are being pre-paid at higher rates? The duration can stay steady, while the coupon adjusts based on market factors including demand and pre-payments. My off the cuff guess.
by Grt2bOutdoors
Tue May 26, 2015 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Upcoming Economic Bubble
Replies: 35
Views: 3943

Re: Upcoming Economic Bubble

Write back to your uncle: Dear Uncle, Thank you for informing me about the upcoming economic bubble. What are the alternatives to investing or saving if all paper assets are overpriced? Invest in hard commodities? My question then is how will other folks be able to pay for such goods? Bartering? If ...
by Grt2bOutdoors
Tue May 26, 2015 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice - two recently married 30 year olds
Replies: 14
Views: 1605

Re: Portfolio advice - two recently married 30 year olds

His Roth IRA wrapped in a variable annuity (UGH!) 7%: This is in a ridiculous mix of funds (like 15-20 different funds) - the guy who put him in this 5 years ago had no idea what he's doing. He knew what he was doing. He was putting you into something that made HIM money. Tahiti is an expensive tri...
by Grt2bOutdoors
Tue May 26, 2015 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Investing advice for a recent 22 y/0 graduate
Replies: 3
Views: 224

Re: Investing advice for a recent 22 y/0 graduate

Hello and welcome to the forum! Trees don't grow to the sky forever, nor should you expect your investments to earn 8% per year until age 60+ without some severe turbulence along the way. Read this as a primer: http://www.etf.com/docs/IfYouCan.pdf It would be helpful if you list your questions and p...
by Grt2bOutdoors
Sat May 23, 2015 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 3981

Re: Not able to max out all the retirement accounts

I am a bit surprised that no-one mentioned gradual increases yet in 64 posts. Not even the fastest drag racer goes from zero to 100 mph instantly. (And, if it did, it would kill the driver!) People who max out their retirement plans usually start with what they can afford, and make saving a priorit...
by Grt2bOutdoors
Sat May 23, 2015 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 3981

Re: Not able to max out all the retirement accounts

"Behind" is relative. As others have said above, you shouldn't compare yourself to Bogleheads. There are some folks here who have ridiculously good situations: education paid for (by someone else), high income, early start in Boglehead-style investing (which they then followed through wit...
by Grt2bOutdoors
Sat May 23, 2015 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Not able to max out all the retirement accounts
Replies: 69
Views: 3981

Re: Not able to max out all the retirement accounts

For once, I am suggesting that someone take a break from reading posts here. Bogleheads save obsessively and entirely skews one's perspective. Your family is making $120K and spending only 1/2 of it. You're doing fine. Don't compare yourself to people here. IMHO, your husband should not sacrifice t...
by Grt2bOutdoors
Sat May 23, 2015 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: ObamaCare 2016 Premium Increases some 36%
Replies: 40
Views: 2865

Re: ObamaCare 2016 Premium Increases some 36%

The term health insurance is a misnomer. What it really should say is "catastrophic insurance" or "hospitalization insurance". When you are shelling out $15K for a family of two plus paying deductibles of $4K plus shelling out thousands for medication that is not biologic in nat...
by Grt2bOutdoors
Sat May 23, 2015 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation with large holding in single stock
Replies: 32
Views: 1927

Re: Allocation with large holding in single stock

Of the original 500 companies in the S&P 500 index in 1957, only 86 survive. Is it they survive because the other 414 went bankrupt, were acquired, merged or exist in another form? It's not enough to say only 86 survive without elaborating on what happened to the original 414 and that includes ...
by Grt2bOutdoors
Sat May 23, 2015 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: ObamaCare 2016 Premium Increases some 36%
Replies: 40
Views: 2865

Re: ObamaCare 2016 Premium Increases some 36%

The term health insurance is a misnomer. What it really should say is "catastrophic insurance" or "hospitalization insurance". When you are shelling out $15K for a family of two plus paying deductibles of $4K plus shelling out thousands for medication that is not biologic in natu...
by Grt2bOutdoors
Fri May 22, 2015 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Kids allowance, Savings education, Kids investments
Replies: 12
Views: 1062

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: 54
Views: 6854

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: 25
Views: 1855

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: Personal Finance (Not Investing)
Topic: Kids allowance, Savings education, Kids investments
Replies: 12
Views: 1062

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: 32
Views: 1927

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: 948

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: 323

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: 948

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...

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