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Re: Hello, advice needed and welcomed

You are either 8 years or 13 years away from retirement. Have you prepared a mock statement of estimated annual expenses and estimated what portfolio terminal value is required to support it? Is your number 2 or 3 million? If you withdraw 4 percent from such a portfolio value will it be enough? Have...
by Grt2bOutdoors
Tue Apr 22, 2014 7:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hello, advice needed and welcomed
Replies: 13
Views: 579

Re: Is social security a good investment?

I predict a lock....in less than 3..2..1. It's unactionable - and not only that, but you are comparing apples to oranges. Social Security Old Age Disability Insurance - do you see the word "investment" in any part of the official title of the program? It's actionable to me because I'm try...
by Grt2bOutdoors
Tue Apr 22, 2014 1:55 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 1301

Re: New Baby Girl - What Can/Should We Do?

HardKnocker wrote:New Baby Girl - What Can/Should We Do?

I recommend disposable diapers.


I recommend the diaper genie for the disposable diapers - lest you are comfortable with certain odors.
"Triple paste" to prevent diaper rash - and the associated child screaming due to the irritation.
by Grt2bOutdoors
Tue Apr 22, 2014 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Baby Girl - What Can/Should We Do?
Replies: 31
Views: 1906

Re: New Baby Girl - What Can/Should We Do?

Write down the amounts and who gave them to you on a piece of paper. Then cash them.
Take the cash and open the 529 plan.
by Grt2bOutdoors
Tue Apr 22, 2014 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Baby Girl - What Can/Should We Do?
Replies: 31
Views: 1906

Re: Does 529 really hurt the chance to get financial aid?

If I was a financial aid administrator at a college, I would be on the lookout for folks trying to pull the wool over my eyes. Hate to break it to you - college administrators are not the sharpest tools in the shed. They're are plenty of scam artists pulling the wool over their eyes and hence, ever...
by Grt2bOutdoors
Tue Apr 22, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 34
Views: 1631

Re: Does 529 really hurt the chance to get financial aid?

I say this because some folks told me their kid was National Merit Scholar and got a full scholarship at some schools. I have some folks tell me their kid was National Merit Scholar and got $2,000. Also one needs to know that National Merit Scholarships are often sponsored by Mega-Corps and an addi...
by Grt2bOutdoors
Tue Apr 22, 2014 1:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 34
Views: 1631

Re: Does 529 really hurt the chance to get financial aid?

I had an impression that if your AGI is above a certain level, you won't get any need-based financial aid for college. But I was just told that this is wrong and even if your AGI is above 200k, you can still get some financial aid. So can someone tell me how do they evaluate the eligibility for nee...
by Grt2bOutdoors
Tue Apr 22, 2014 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does 529 really hurt the chance to get financial aid?
Replies: 34
Views: 1631

Re: Is social security a good investment?

Most people who ask this question don't know what Social Security includes. Are you asking about all of SS or just one part? P.S. If you are not careful, this thread will become political and either get locked or disappear. All the parts, I suppose. I'm interested from the perspective of analyzing ...
by Grt2bOutdoors
Tue Apr 22, 2014 12:37 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 1301

Re: Is social security a good investment?

I predict a lock....in less than 3..2..1.

It's unactionable - and not only that, but you are comparing apples to oranges. Social Security Old Age Disability Insurance - do you see the word "investment" in any part of the official title of the program?
by Grt2bOutdoors
Tue Apr 22, 2014 12:34 pm
 
Forum: Investing - Theory, News & General
Topic: Is social security a good investment?
Replies: 33
Views: 1301

Re: Warren Buffett

Just buy profitable companies with solid balance sheets that do something that's understandable and have a history of strong management. Things like John Deere, Pepsi and Becton Dickinson. Google Wedgewood partners out of St Louis or South Atlantic capital out Of wilmington nc, these firms beat the...
by Grt2bOutdoors
Tue Apr 22, 2014 12:08 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett
Replies: 45
Views: 2163

Re: Warren Buffett

I have trouble reading the arrogance of this board. Forget that the OP is trying to beat the market. You are criticizing the greatest stock investor of our generation - maybe the greatest ever. Maybe it is jealousy, envy, spite ... who knows. But wow. I have great respect for Warren. But let's be c...
by Grt2bOutdoors
Tue Apr 22, 2014 9:08 am
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett
Replies: 45
Views: 2163

Re: Savings Rate what do you include?

Funny I was just thinking about this as I was in my hotel lobby and Fox news was on, an ad for The Principal had a quiz on what Americans were saving (including employer match). The answer: 6%. The recommendation: 11-15%. My view: 15-20%. I would (if I were not retired) put in the numerator 401(k) ...
by Grt2bOutdoors
Tue Apr 22, 2014 9:02 am
 
Forum: Investing - Theory, News & General
Topic: Savings Rate what do you include?
Replies: 29
Views: 1638

Re: what do you suggest for reading?

If You Can - Bill Bernstein
Here's the link to the free pdf version - viewtopic.php?f=10&t=136528&p=2026677#p2026677 - Scroll down to the April 12th posting by Bill with the new less buggy version of the book.
by Grt2bOutdoors
Tue Apr 22, 2014 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: what do you suggest for reading?
Replies: 14
Views: 802

Re: Invest $180k cash + $50k yearly investment

Great, thanks for the suggestions and I will read up. Pay special attention to the definiton of "real" vs. "nominal" returns. Using your earlier examples of receiving $42K or $80K in dividends at year 20. Twenty years from now, if you receive $42K and inflation has been equal to...
by Grt2bOutdoors
Tue Apr 22, 2014 8:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Invest $180k cash + $50k yearly investment
Replies: 5
Views: 1094

Re: is whole life insurance a good investment?

Hi, Apologize in advance if this is not the right place for this. I spoke to a MetLife agent today regarding whole life insurance for my little ones (2 & 4), and was wondering if I should re-direct this money/premium for something else? example for my 4 yr old - MetLife Promise Whole Life Selec...
by Grt2bOutdoors
Tue Apr 22, 2014 8:31 am
 
Forum: Investing - Help with Personal Investments
Topic: is whole life insurance a good investment?
Replies: 16
Views: 1215

Re: Looking for advice on investing some savings

Hello and welcome to the forum! One very important component is missing in your question of how to structure your portfolio. What asset allocation would you like? Is it 80/20, 70/30 or 60/40? There is no right or wrong answer, it is solely dependent upon the level of risk you are willing to take and...
by Grt2bOutdoors
Tue Apr 22, 2014 8:24 am
 
Forum: Investing - Help with Personal Investments
Topic: Looking for advice on investing some savings
Replies: 4
Views: 374

Re: Savings Rate what do you include?

What Rodc said. +1. Why complicate things? Save what you can, when you can. My reason to calculate it is to answer questions such as "can we go to ( insert expensive but memorable vacation destination ) next year?" The answer depends on whether we are hitting our savings rate target (30%)...
by Grt2bOutdoors
Tue Apr 22, 2014 7:31 am
 
Forum: Investing - Theory, News & General
Topic: Savings Rate what do you include?
Replies: 29
Views: 1638

Re: Savings Rate what do you include?

What Rodc said. +1. Why complicate things? Save what you can, when you can.
by Grt2bOutdoors
Mon Apr 21, 2014 7:39 pm
 
Forum: Investing - Theory, News & General
Topic: Savings Rate what do you include?
Replies: 29
Views: 1638

Re: Can we ever expect VG to offer ISV or EMV?

Does it matter whether they offer it or not? If you need something, you purchase it from the least expensive provider. I'm guessing Vanguard currently doesn't offer it, but if you need it or want it are you going to wait for them?
by Grt2bOutdoors
Mon Apr 21, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Can we ever expect VG to offer ISV or EMV?
Replies: 17
Views: 1382

Re: Northwestern Mutual Life - Whole Life Policy Review

Paying monthly has a huge fee associated with it. You posted statement numbers and not illustration. You have to request an in force illustration. Keep in mind they invest primarily in treasuries and bonds but have huge costs associated with it. The cash value may or may not be bond like after a fe...
by Grt2bOutdoors
Mon Apr 21, 2014 10:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 30
Views: 1559

Re: Northwestern mutual

I had a NWM sales agent contact me 3 times - not once, but 3 times! Apparently, this particular "pesky fly" was recruited straight out of a major name school in the MA area and whose strategy was to call on all the names listed in the alumni book - first to try and sell it to them, but the...
by Grt2bOutdoors
Mon Apr 21, 2014 10:14 am
 
Forum: Investing - Theory, News & General
Topic: Northwestern mutual
Replies: 20
Views: 1352

Re: paydown strategy for mortgage

Pay it off! Get rid of it!
by Grt2bOutdoors
Sat Apr 19, 2014 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: paydown strategy for mortgage
Replies: 40
Views: 3008

Re: POLL: why carry cash?

And no one has yet mentioned cocaine? And what about just old fashioned germs and dirt? When I go into my grocery store, they have disinfecting wipes for your hands and the handles of the grocery carts, but who disinfects the dollar bills? At least one of my wives had an aversion to dirty money, an...
by Grt2bOutdoors
Sat Apr 19, 2014 8:59 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 216
Views: 6882

Re: POLL: why carry cash?

Muggers in NYC don't accept American Express. :mrgreen: The coffee cart on the corner, including the Vanguard truck selling coffee for 26 cents per cup doesn't accept plastic - cold hard cash required! I enjoy having people wait, huff and puff behind me as I hand over my nickels, pennies, dimes and ...
by Grt2bOutdoors
Sat Apr 19, 2014 8:55 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 216
Views: 6882

Re: Investing in taxable account

Hello and welcome to the forum! Can you please list out your current portfolio as shown in my signature Asking Portfolio Questions? Include your current marginal tax bracket. We don't recommend purchasing sectors/individual equities - too much concentrated risk, better to own broadly diversified fun...
by Grt2bOutdoors
Fri Apr 18, 2014 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in taxable account
Replies: 11
Views: 1222

Re: Trying to clean up personal finance

Hello and welcome to the forum! Focus on paying off in the following order: 1) Credit card prior to expiration of 0% teaser rate - watch your frivolous expenditures and "retail therapy". 2) 10K student loan @ 7% 3) New car fund - buy something functional and safe, but please do not fall fo...
by Grt2bOutdoors
Fri Apr 18, 2014 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to clean up personal finance
Replies: 17
Views: 1659

Re: *poor* Bogleheads

You’re a long time lurker so maybe you’ve seen some of my posts. One of the forum’s recent threads was about “how did you get started”. Plain and simple, to invest you must first save. To save, you must live beneath your means, whatever that level is for you. It worked for me and it will work for an...
by Grt2bOutdoors
Fri Apr 18, 2014 12:42 pm
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5322

Re: Newly Widowed, what to do with the life insurance money.

dickenjb wrote:
Herekittykitty wrote:I have been lurking for a long time, and am coming out of lurk mode to respond to Morningstarc's post.....


What an excellent and touching first post. A lot of sage advice from someone who has been in the OP's shoes.

Welcome, Herekittykitty!


+1. Welcome to the forum, Herekittykitty!
by Grt2bOutdoors
Fri Apr 18, 2014 8:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Newly Widowed, what to do with the life insurance money....
Replies: 28
Views: 3249

Re: A fund to go with VWINX/VWELX

Please phrase your question following the format in my signature - Asking Portfolio Questions. Why would you want to complement Wellington and Wellesley? What does your asset allocation plan require? Also, please spell out the name of the funds - not everyone on the board knows the symbols by rote m...
by Grt2bOutdoors
Thu Apr 17, 2014 5:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: A fund to go with VWINX/VWELX
Replies: 5
Views: 510

Re: Draft email to investment advisor re outperforming Total

Thanks for the insight this morning. Here is some additional insight from me. Yes, my mind is made up to invest in VTI but I hesitate because of a longstanding relationship for which I’ve been willing to lag the market over the 20+ years my advisor has managed this sub-account (since inception numb...
by Grt2bOutdoors
Thu Apr 17, 2014 4:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Draft email to investment advisor re outperforming Total Mar
Replies: 24
Views: 2400

Re: Live Now, Live Later?

What are you waiting for? You have a $150k DB available to you now, plus your other accounts and your home is paid for? Enjoy your life and devote your time to causes you love and believe in......you are very fortunate. (I have none of the expertise you'll find on this site, and some seem to never ...
by Grt2bOutdoors
Thu Apr 17, 2014 4:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Live Now, Live Later?
Replies: 37
Views: 3576

Re: Where are the Opportunities now ?

what about the split between stocks/bonds for the 401 k portfolio given the recent sky high valuations as noted by Shiller PE for SP500 ? http://www.multpl.com/shiller-pe/ Total International P/E is 14. Large Cap Internaional Value is 13. VWO is 11. Now you have to ask yourself, are you brave enoug...
by Grt2bOutdoors
Thu Apr 17, 2014 1:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 28
Views: 1982

Re: Where are the Opportunities now ?

I probably haven't tasted the kool aid of Boglehead - I get it from your answers. So I have some questions about ideology then - since obviously I havent gotten the mantra yet. What about value investors that buy common stocks at uncommon prices and sell them at uncommon prices ? are we not to take...
by Grt2bOutdoors
Thu Apr 17, 2014 1:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 28
Views: 1982

Re: Where are the Opportunities now ?

yes I very well agree that no one can get right market timing all the time. But I was trying to just take a little bit of risk with my money in 401 k based on some advice from Brett Arends. http://www.marketwatch.com/story/what-the-big-money-is-betting-on-in-2014-2013-12-18 What is your thought on ...
by Grt2bOutdoors
Thu Apr 17, 2014 1:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where are the Opportunities now ?
Replies: 28
Views: 1982

Re: Live Now, Live Later?

What are you waiting for? You have a $150k DB available to you now, plus your other accounts and your home is paid for? Enjoy your life and devote your time to causes you love and believe in......you are very fortunate. (I have none of the expertise you'll find on this site, and some seem to never ...
by Grt2bOutdoors
Thu Apr 17, 2014 1:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Live Now, Live Later?
Replies: 37
Views: 3576

Re: Help looking for ways to get to 50-50

epictetus wrote:The Tax-managed balanced fund might be worth taking a look at. It is roughly 50/50 stocks and municipal bonds.


How does that help when Target retirement is allocated 54/46? Still doesn't get her to a 50/50 combined portfolio allocation.
by Grt2bOutdoors
Thu Apr 17, 2014 10:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Help looking for ways to get to 50-50
Replies: 19
Views: 1422

Re: Help looking for ways to get to 50-50

What is your sister's marginal tax bracket - Fed and state? A simple solution is to keep the Target Retirement 2015 fund and purchase 65.2K of Lifestrategy Growth which is 80/20 equity/fixed. That would leave 97K+ in cash - take $10K of that and purchase an I bond before April 29th - she'll earn mor...
by Grt2bOutdoors
Thu Apr 17, 2014 10:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Help looking for ways to get to 50-50
Replies: 19
Views: 1422

Re: Newly Widowed, what to do with the life insurance money.

So be aware that this can happen with your gift....... What gift? I just looked at a FAFSA and the word gift doesn't appear. Is buying food for your child really a gift that FAFSA will penalize you for? What I read was that the OP wants to provide ordinary parental support to her children. Her asse...
by Grt2bOutdoors
Thu Apr 17, 2014 9:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Newly Widowed, what to do with the life insurance money....
Replies: 28
Views: 3249

Re: Help a saver become an investor - Portfolio help

Welcome to the forum!
Please spell out the names of your holdings, as much as we want to help, we simply do not have the time to decipher security symbols and include their expense ratio next to the names. What are the gains/losses in the taxable account by holding?
by Grt2bOutdoors
Thu Apr 17, 2014 8:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Help a saver become an investor - Portfolio help
Replies: 7
Views: 984

Re: Newly Widowed, what to do with the life insurance money.

Sorry for your loss. As others have said, do nothing other than to place the money in an FDIC insured savings or cd account. Take the time to grieve. Regarding taxing of survivors benefits, here is the link to the IRS publication 915 that provides examples of how or when they do fall in that categor...
by Grt2bOutdoors
Thu Apr 17, 2014 8:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Newly Widowed, what to do with the life insurance money....
Replies: 28
Views: 3249

Re: Portfolio generating 7% return?

You've worked a lifetime to save for your retirement, are you willing to see it go up in smoke in the span of a few years?
Betting 20% of your total pot on just 5 individual companies? Nuts!
by Grt2bOutdoors
Wed Apr 16, 2014 9:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio generating 7% return?
Replies: 10
Views: 1633

Re: Paying car loan vs. Investing in Roth IRA

Try this experiment - take $2,750 and send it to the financing company, then take $2,750 and open a roth in each of the next two years. Your car will be paid off in less than 3 years, your Roth will be half filled for 2 years (2014 +2015), but then in year 3 (first 4 months of 2016) you should be ab...
by Grt2bOutdoors
Wed Apr 16, 2014 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying car loan vs. Investing in Roth IRA
Replies: 6
Views: 356

Re: GMO Forecasts now include Value and Growth

They did do this in the past for a little bit, but discontinued for a while. Interesting that domestic equities are favoring the growth component, while intl favors value. RM In other words, they are saying the US market is overpriced vs. the International markets. No surprise there, they've been b...
by Grt2bOutdoors
Wed Apr 16, 2014 8:53 am
 
Forum: Investing - Theory, News & General
Topic: GMO Forecasts now include Value and Growth
Replies: 17
Views: 1111

Re: What is your net worth

If we're in between numbers should we round up or round down?
by Grt2bOutdoors
Wed Apr 16, 2014 8:46 am
 
Forum: Investing - Theory, News & General
Topic: What is your net worth
Replies: 37
Views: 5408

Re: Reading material on mortgages?

I will likely purchase my first house sometime next year (read: I will likely purchase my first mortgage next year). I'd like to learn more about how mortgages work and how the purchasing process works so I buy what is appropriate for me and I don't get fleeced at signing time. I'm hoping to put at...
by Grt2bOutdoors
Tue Apr 15, 2014 11:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reading material on mortgages?
Replies: 9
Views: 509

Re: TIAA-CREF is buying Nuveen?

"Gold standard," eh? http://www.theguardian.com/business/2011/aug/22/ratings-agencies-conflict-of-interest Lev Ever read a Moody's credit rating? You'll have to do much better than to rely on a periodical that was published over 3 years ago. I'm no fan of either of the three "reliabl...
by Grt2bOutdoors
Tue Apr 15, 2014 10:13 pm
 
Forum: Investing - Theory, News & General
Topic: TIAA-CREF is buying Nuveen?
Replies: 44
Views: 2460

Re: financial advisor

hi, friends of mine all say I should go to their financial advisor. they say he helps them with their finances. I max out my ira, my 401k and am working to build up my emergency fund. what do you think? What wonderous miracles will the financial adviser perform for you other than to make your walle...
by Grt2bOutdoors
Tue Apr 15, 2014 7:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: financial advisor
Replies: 6
Views: 393

Re: Where to put new monthly emergency fund contributions?

Limited Term Muni and/or Intermediate Term Tax Exempt. I would not be so reliant on any equity holding in your brokerage account to be that secondary buffer - maybe a third level, but definitely not secondary and only 6 months and less being the barrier between drawing down on it or not. E-funds sho...
by Grt2bOutdoors
Tue Apr 15, 2014 4:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put new monthly emergency fund contributions?
Replies: 5
Views: 657

Re: TIAA-CREF is buying Nuveen?

So far the ratings score is 2 -1: Fitch and A. M. Best have reaffirmed TIAAs current AAA rating, while Moody's is considering a downgrade. Lev Moody's is the gold standard in credit ratings. Fitch is eh-eh, A.M. Best is eh-eh. I'd take a Moody's write-up over S&P any day of the week, and give l...
by Grt2bOutdoors
Tue Apr 15, 2014 4:29 pm
 
Forum: Investing - Theory, News & General
Topic: TIAA-CREF is buying Nuveen?
Replies: 44
Views: 2460

Re: TIAA-CREF is buying Nuveen?

I did see this and I was not sure what to make of it. A "not for profit" buying a "for profit"! Interesting. That is incorrect. TIAA-CREF became a private, for profit company in 1998. The change occurred due to industry complaints (Vanguard and Fidelity amongst others) that TIAA...
by Grt2bOutdoors
Tue Apr 15, 2014 12:56 pm
 
Forum: Investing - Theory, News & General
Topic: TIAA-CREF is buying Nuveen?
Replies: 44
Views: 2460
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