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Re: In your opinion, who is in a riskier financial position?

Not enough information; job security, margin call rate, optionality of bankruptcy, etc.
by Grt2bOutdoors
Thu Jul 24, 2014 5:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: In your opinion, who is in a riskier financial position?
Replies: 27
Views: 1494

Re: Large Cap Value -- worth the effort?

Keep it! Jim Barrow has done a decent job of keeping pace with the Russell 1000 and the S and P 500.
I'd be more concerned with buying small and mid cap indexes right now.
by Grt2bOutdoors
Fri Jul 18, 2014 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Large Cap Value -- worth the effort?
Replies: 8
Views: 1103

Re: Cash out pension?

Those are valid examples of private pensions doing exactly as you state. The OP is inquiring about a government and doesn't say in initial posting which specific governmental entity. Nonetheless, OP should make an apples to apples comparison of what a likely return will be over the next 20-30 years...
by Grt2bOutdoors
Fri Jul 18, 2014 3:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash out pension?
Replies: 30
Views: 1637

Re: Professor looking for investment advice

I would skip the Nasdaq 100, since the total stock market holds all of those companies via Large, Mid and Small caps. If you do choose to use the 100 fund, don't overweigh by too much - another tech wreck would/could hurt your retirement portfolio.
by Grt2bOutdoors
Fri Jul 18, 2014 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Professor looking for investment advice
Replies: 16
Views: 1612

Re: help with inheritance / still learning about invest

Someone was either very lucky or very astute in making those equity selections. Either way, good fortune has been blessed upon you by your parents. It's likely the basis in those equities, particularly D and NSC is half the current valuation (but I'm just ball parking it right now), verizon is up th...
by Grt2bOutdoors
Fri Jul 18, 2014 3:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: help with inheritance / still learning about invest
Replies: 14
Views: 2087

Re: Cash out pension?

Those are valid examples of private pensions doing exactly as you state. The OP is inquiring about a government and doesn't say in initial posting which specific governmental entity. Nonetheless, OP should make an apples to apples comparison of what a likely return will be over the next 20-30 years,...
by Grt2bOutdoors
Fri Jul 18, 2014 3:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash out pension?
Replies: 30
Views: 1637

Re: Cash out pension?

Cash out the pension for this reason: Pensions are a dying benefit. Look at Detroit and how those benefits are being (or are attempted) at being substantially reduced. I am too cynical to believe that what you are promised today will be around in 2039....Also consider if she doesn't live until 2039...
by Grt2bOutdoors
Fri Jul 18, 2014 1:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash out pension?
Replies: 30
Views: 1637

Re: Extra Cash and General Financial Planning

Intermediate Tax-Exempt, you pick the state is my vote for cash.
by Grt2bOutdoors
Fri Jul 18, 2014 12:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Extra Cash and General Financial Planning
Replies: 7
Views: 1166

Re: Cash out pension?

And if what is the result if you only earn a 2% real rate of return over the next 25 years? You plan for the optimistic view, now what about if the results are worse than you projected?
by Grt2bOutdoors
Fri Jul 18, 2014 12:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Cash out pension?
Replies: 30
Views: 1637

Re: What Do You Tilt to Outside of the Three Fund (at least

Other: Large Value. That may be the most important category left off. It includes Wellington and Wellesely. Same here - Large Value and I have historic very low cost basis individual dividend paying equity positions doing most of the heavy lifting in this sector. More than 5 holdings but less than ...
by Grt2bOutdoors
Fri Jul 18, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: What Do You Tilt to Outside of the Three Fund (at least 4%)?
Replies: 25
Views: 1385

Re: If you own a car, do you have a car payment?

I have owned my '06 Dodge Stratus for 4 years now. I bought it used (1 year old). Aggressively paid the loan off. Suzie Orman tells us to keep our car for 10-15 years. Yes, the car is 8 years old. 7 more years will go by quick. The money that I would be paying every month is automatically going int...
by Grt2bOutdoors
Fri Jul 18, 2014 10:19 am
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 110
Views: 6448

Re: If you own a car, do you have a car payment?

No. My first car (still own 18 years later) I put 50% down and took a loan from my father. I paid him back as soon as I could (less than 2 years) - I don't like to owe anyone.
by Grt2bOutdoors
Fri Jul 18, 2014 10:18 am
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 110
Views: 6448

Re: Pre tax vs. after tax retirement investing

Thanks for all the replies. Based on these viewpoints, it is likely I will continue with the tax-deferred 403b, backdoor roth, and leftovers in taxable accounts. Hopefully in retirement I can find creative ways to decrease my overall tax rate, making future withdrawals from my 403b lower than my cu...
by Grt2bOutdoors
Fri Jul 18, 2014 9:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Pre tax vs. after tax retirement investing
Replies: 15
Views: 1524

Re: retirement fund or college fund?

The argument of "The more you save for college, the less financial aid you will get" is ridiculous. Most Bogleheads here will never qualify for need-based financial aid anyway, and the "financial aid" that is likely offered will be loans. +1. The more you save today, the less yo...
by Grt2bOutdoors
Thu Jul 17, 2014 9:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: retirement fund or college fund?
Replies: 15
Views: 853

Re: Ways to lose money and destroy personal wealth by invest

Confusing the word "bond" as being the same equivalent as "safe". There is no "safe" in investing. To invest is to take risk. Sometimes it doesn't work, most times it will. Confusing the word "speculation" with "investing". Speculation has no place i...
by Grt2bOutdoors
Thu Jul 17, 2014 11:29 am
 
Forum: Investing - Theory, News & General
Topic: Ways to lose money and destroy personal wealth by investing
Replies: 81
Views: 9175

Re: Parents are behind. Total asset allocation advice (56 &

How do you know your parents are behind? Well they're behind by every metric & rule of thumb I've ever heard. Well, you've made the first right step in coming here for us to tell you to ignore what ever it is you've heard or been told before. Your folks are not going to the poor house. Here's t...
by Grt2bOutdoors
Thu Jul 17, 2014 8:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Parents are behind. Total asset allocation advice (56 & 51)?
Replies: 26
Views: 3449

Re: Suggested AA for 529 to be used starting next year?

Zero percent stock. Get out today! Put it 75% in short-term bonds having a duration of 2.5 or lower and 25% in cash. Next year, take 25% and move it to cash. The following year, do the same - you should plan on having at least one year's tuition payments in hand and not at risk.
by Grt2bOutdoors
Thu Jul 17, 2014 8:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Suggested AA for 529 to be used starting next year?
Replies: 4
Views: 479

Re: Portfolio Review - Goal to Retire at 55

Rule of 72 - if your portfolio generates a 6 percent return, the portfolio doubles every 12 years. So, 90K becomes 360k, a 4 percent withdrawal rate gets you 14k. You are going to add another 20 a year - that's another 550k or $1.1mm. So, 1.5MM gets you 55-60K. Nope, can't retire at 55. You need 72K...
by Grt2bOutdoors
Wed Jul 16, 2014 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Goal to Retire at 55
Replies: 12
Views: 1225

Re: Where to park windfall

CDAR's network - FDIC insured deposits, more yield than a no yield 3 month T Bill.
by Grt2bOutdoors
Wed Jul 16, 2014 5:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to park windfall
Replies: 9
Views: 1446

Re: Pre tax vs. after tax retirement investing

A bird in hand today, is worth more than 2 in a bush. You're in the highest tax bracket today, for every dollar you put in tax deferred, you save 40+cents. Now, that 40+cents is working for you compounding its way to a higher balance - or more consumption today. Now, you're contemplating reducing co...
by Grt2bOutdoors
Wed Jul 16, 2014 11:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Pre tax vs. after tax retirement investing
Replies: 15
Views: 1524

Re: How Much House Should I Buy?

Does the underwriter make the final determination if your mortgage gets approved? Typically, you have an underwriter who reports to someone who in turn reports to someone else. There is more than one person who signs off on a 7 figure loan. Is the lender keeping the loan on their books or looking to...
by Grt2bOutdoors
Tue Jul 15, 2014 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4383

Re: How Much House Should I Buy?

Your car analogy is ridiculous. It's a depreciating asset vs. a home which can be lived in forever and which should appreciate. The house is definitely a depreciating asset. You may think it should appreciate, but history disagrees, in spite of recent run-ups... Google inflation-adjusted housing pr...
by Grt2bOutdoors
Tue Jul 15, 2014 4:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4383

Re: How Much House Should I Buy?

A couple more comments after thinking about this more: 1.) Mortgage underwriters may not consider your bonus when calculating income (regardless of what the brokers tell you). When my wife and I got a mortgage last year they would only consider our base salaries when determining Debt Service to inc...
by Grt2bOutdoors
Tue Jul 15, 2014 4:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4383

Re: How Much House Should I Buy?

No - you are banking on the bonus to leverage up and purchase the place you will be living in. If you can't repay, the bank will seize the property and you could lose all of your down payment. A million is serious money to have at risk. Remember, it took you 3+ years to accumulate it. In any ration...
by Grt2bOutdoors
Tue Jul 15, 2014 2:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4383

Re: How Much House Should I Buy?

No - you are banking on the bonus to leverage up and purchase the place you will be living in. If you can't repay, the bank will seize the property and you could lose all of your down payment. A million is serious money to have at risk. Remember, it took you 3+ years to accumulate it. In any ration...
by Grt2bOutdoors
Tue Jul 15, 2014 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4383

Re: How Much House Should I Buy?

Ok, then I have a follow up question, what do you think an appropriate savings rate is of your after tax income to LBYM? What percentage of your after tax income do you save? Also, we have two incomes. Even at a significantly larger loan than $800k, we could support it off just one income. Assuming...
by Grt2bOutdoors
Tue Jul 15, 2014 1:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4383

Re: How Much House Should I Buy?

[quote="Grt2BOutdoors"} +1 - OP is in Private Equity. OP should buy as much house as 3-4 times gross income in total financing. Notice I say gross income, what I mean is wage income. I don't consider bonus income or carried interest unless you have an explicit in writing contract that guar...
by Grt2bOutdoors
Tue Jul 15, 2014 1:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4383

Re: How Much House Should I Buy?

I would rent. These are not LBYM options. You only make $280k guaranteed . The rest is bonus. I wouldn't take a mortgage for more than $800k with your income. If you really want to be conservative, even that is not guaranteed. It's likely the OP is an employee at will - that means he could be termi...
by Grt2bOutdoors
Tue Jul 15, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4383

Re: How Much House Should I Buy?

A few clarifications and responses to various posters: This is the best neighborhood with great school districts. It's the most expensive and has been the most resilient historically, hence the extremely high prices. If I lost my job, which is certainly a possibility but likely not for a few years ...
by Grt2bOutdoors
Tue Jul 15, 2014 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4383

Re: How Much House Should I Buy?

LFKB: My thoughts for you: 1.) It sounds like at least you work in Private Equity . Only you know how stable that situation really is but please try to be brutally honest with yourself about it. Think about how long you can hold everything together if your income is lost at the worst possible time....
by Grt2bOutdoors
Tue Jul 15, 2014 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: How Much House Should I Buy?
Replies: 81
Views: 4383

Re: Sell taxable account to pay down student loans?

Thanks all for the responses - and your time. To answer some questions asked: We are currently in the 25% tax bracket, maxing my 401K, his/her rIRA, and as much of her 401K as her part time status allows. The 2 stocks are leftovers from ESOPs my DW had; basis ~20K. We are not selling and buying (a ...
by Grt2bOutdoors
Tue Jul 15, 2014 9:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Sell taxable account to pay down student loans?
Replies: 15
Views: 948

Re: Advice on investment direction using 3-fund

Hello and welcome to the forum! Can you please re-edit your post to include your current marginal tax bracket? Please list what your current investments are including their expense ratios and list of available investment options? You can click on the link - Asking Portfolio Questions on my signature...
by Grt2bOutdoors
Tue Jul 15, 2014 9:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice on investment direction using 3-fund
Replies: 6
Views: 1001

Re: Invest Life Insurance Proceeds

50 years old, employed with funded 403B in place, looking for thoughts about where to invest approx $300K in life insurance proceeds. Note: Preference to open a Vanguard account and invest this taxable money for a 'stay the course' fund or family of funds. Another preference is to emphasize simplic...
by Grt2bOutdoors
Tue Jul 15, 2014 8:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Invest Life Insurance Proceeds
Replies: 3
Views: 392

Re: Investing is starting to get boring

I get a little excited when dividends are paid out in cash, but I am now starting to get bored of investing. It was fun in the beginning asking questions, dreaming about the future, and exploring/proposing different plans - even though some of them were unorthodox. How does one keep the passion ali...
by Grt2bOutdoors
Tue Jul 15, 2014 8:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing is starting to get boring
Replies: 39
Views: 3861

Re: Moving From Bonds Into Stocks

If you have an asset allocation plan and IPS that states that you want to hold 60/40, stick with that asset allocation. Let's say you have 100K in a 60/40 portfolio. If stocks fall 50%, you would have 30K stocks and 40K bonds for a total of 70K. 60/40 AA on 70K implies 42K stocks and 28K bonds. You...
by Grt2bOutdoors
Tue Jul 15, 2014 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: What To Do During A Correction In Stocks?
Replies: 31
Views: 3664

Re: Help a guy with a pension and a 457 plan

Someone retiring in 2030 would be about 65, that makes them 50 today - holding an 80/20 portfolio at age 50 makes me a bit nervous. How about something that like 60-70 percent equity, the rest fixed income? Giving up the Media and Tech and Blue chip/Healthcare fund eliminates one risk that you then ...
by Grt2bOutdoors
Mon Jul 14, 2014 6:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a guy with a pension and a 457 plan
Replies: 6
Views: 558

Re: BRK: What am I missing?

Good discussion regarding Berkshire Hathaway. It is one of only two stocks I own (the other being stock in the company my daughter works for). The remainder of our equity investment is primarily VTI and VXUS, except for some 401k money which is in the broadest index it offers. I do limit each indiv...
by Grt2bOutdoors
Mon Jul 14, 2014 5:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: BRK: What am I missing?
Replies: 40
Views: 3541

Re: IPS Review/Thoughts?

Good afternoon Bogleheads, thanks for taking a look at this. I recently passed a particularly murderous selection board at work, which in theory will allow me to continue in my current line of work for another 10 years until I am eligible for for a military pension. This is a major professional mil...
by Grt2bOutdoors
Mon Jul 14, 2014 5:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: IPS Review/Thoughts?
Replies: 4
Views: 364

Re: Help a guy with a pension and a 457 plan

Where can you get 6.6% on a $2 million dollar portfolio today for someone retiring at age 47? I think the value of the pension is much higher than 2 million.
by Grt2bOutdoors
Mon Jul 14, 2014 5:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a guy with a pension and a 457 plan
Replies: 6
Views: 558

Re: Convince me to visit Italy

reggiesimpson wrote:If you go?
BYO AC unit


so you've experienced their version of the AC unit, huh? Well, another way to think of it is dieting by heat. :twisted:
by Grt2bOutdoors
Mon Jul 14, 2014 4:59 pm
 
Forum: Personal Consumer Issues
Topic: Convince me to visit Italy
Replies: 77
Views: 5335

Re: Neighbor's ugly overgrown bushes and fence

That should be the least of your problems - I'm not kidding! If you can't have an intelligent conversation with your neighbor, them my advice is to either a) hire a landscaper to prune back the overgrowth or b) invest in a hedge trimmer (see my note below), a 5 foot ladder and have at it - so long a...
by Grt2bOutdoors
Mon Jul 14, 2014 4:58 pm
 
Forum: Personal Consumer Issues
Topic: Neighbor's ugly overgrown bushes and fence
Replies: 41
Views: 3198

Re: Help a guy with a pension and a 457 plan

What do I think? I think you either really like media and telecom companies or you've been very lucky, or a bit of both. You have over half of your investments in sector funds! No more than 5-10% in any one sector fund. The Blue Chip Growth fund - used to have a really good record, until it became a...
by Grt2bOutdoors
Mon Jul 14, 2014 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help a guy with a pension and a 457 plan
Replies: 6
Views: 558

Re: If you had $100K how would you invest it?

Spend $20 or less and get your hands on The Little Book of Common Sense Investing. Then head over to your local library and read The Four Pillars of Investing - William Bernstein and All About Asset Allocation - Rick Ferri. I'd invest about 10 hours of my time learning about investing and asset allo...
by Grt2bOutdoors
Mon Jul 14, 2014 3:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: If you had $100K how would you invest it?
Replies: 10
Views: 2207

Re: [Poll] Are you more risk averse than average?

This is a fairly complicated question that a poll will not simply answer. If a person holds 100 percent equity but low beta, is it more risky, less risky or about the same level of risk for another person holding a 80 percent high beta equity and 20% US Treasuries? I hold close to 80/20 - the equity...
by Grt2bOutdoors
Mon Jul 14, 2014 1:11 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] Are you more risk averse than average?
Replies: 36
Views: 2600

Re: Sell taxable account to pay down student loans?

What is your tax bracket?
Do you have an emergency/savings fund outside of the brokerage account?
How many more years left on the student loan if fully amortized? 2.38% pre-tax is a very low interest rate.
How much in gains do you have in the brokerage account?
by Grt2bOutdoors
Mon Jul 14, 2014 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Sell taxable account to pay down student loans?
Replies: 15
Views: 948

Re: New to Forum- please provide opinions on existing AA

A coworker of mine is a frequent poster on this forum and I have always been an index believer. The choice between tax exempt bond funds and regular total bond index funds is one I am struggling with. Although anything can happen, we do anticipate being in one of the top 2 federal tax brackets for ...
by Grt2bOutdoors
Mon Jul 14, 2014 9:43 am
 
Forum: Investing - Help with Personal Investments
Topic: New to Forum- please provide opinions on existing AA
Replies: 34
Views: 2648

Re: Your net worth/investments when you started saving less

We Bogleheads are naturally financial worry wants, while many can actually afford to splurge more than our DNA and guilt allow us- we continue to live modestly (not a bad thing). Just wondering at what level of net worth and investable assets do you actually feel ok with luxury items ie, Tesla if y...
by Grt2bOutdoors
Mon Jul 14, 2014 9:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Your net worth/investments when you started saving less
Replies: 17
Views: 2364

Re: NPR: Net Price Of Private Non-Profit College

Since it's hard to predict in advance which children are going to be brilliant, …. I think one knows a lot by first or second grade. Sure, some kids can blossom later or some can crash and burn early, but by and large from watching many kids grow up, their ranking among their peers doesn't change m...
by Grt2bOutdoors
Mon Jul 14, 2014 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: NPR: Net Price Of Private Non-Profit College
Replies: 36
Views: 3210

Re: NPR: Net Price Of Private Non-Profit College

A follow up article at NPR today: http://www.npr.org/blogs/ed/2014/07/08/329889370/how-private-colleges-are-like-cheap-sushi which talks about behavioral economics of the thread topic including anchoring on list price. Check it out. I will say that NPR doesn't help out here because is calls the FAF...
by Grt2bOutdoors
Mon Jul 14, 2014 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: NPR: Net Price Of Private Non-Profit College
Replies: 36
Views: 3210

Re: The Great 100 thousand dollar pension question.

Can you live on $28.5K a year? That must be a very LCOL location you're in. Most folks I know in civil service jobs like yours wait to make the full pension payout - then retire. In NYC it's 20 years to get 50 percent of pay plus a variable supplement come December only having to pay into pension fo...
by Grt2bOutdoors
Mon Jul 14, 2014 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 71
Views: 8549
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