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Re: Opinions on JPMorgan SmartRetirement

Thank you all for the advice. I've found the Vanguard fund available is VINIX which is an S&P 500 tracking fund at .04% ER. So, not total stock. She also has Vanguard total bond market available. I guess the logical choice is to use those two, I just really had laziness in mind when choosing th...
by Grt2bOutdoors
Fri Oct 31, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opinions on JPMorgan SmartRetirement
Replies: 6
Views: 162

Re: Life insurance outside work?

Claudia- Look into Term Life policies only. Check out Amica. Term policies are inexpensive, and at your age(s) you can get 20-yr policies to cover your 3-year old through college. Better yet, check out term4sale.com and let the providers compete on price. I've checked out Amica and found them to be...
by Grt2bOutdoors
Fri Oct 31, 2014 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Life insurance outside work?
Replies: 7
Views: 141

Re: Life insurance outside work?

Purchasing insurance through work is priced at group rates - at younger ages, it seems to be cheaper, but as you age and your salary increases the costs will go up. The real problem with these types of policies is if you lose your employment, you will lose your life insurance unless you continue pay...
by Grt2bOutdoors
Fri Oct 31, 2014 12:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Life insurance outside work?
Replies: 7
Views: 141

Re: Is $700,000 enough to retire? Opinions please .

It seems like $15,000 is a lot to pay in taxes on $80,000. Off the top of my head it should be closer to: 80,000 Total -12,400 standard deduction -3,950 personal exemption -3,950 personal exemption 59,700 taxable income 18,150 x 10% = 1,815.00 41,550 x 15% = 6,232.50 Total tax bill = $8,047.50 You ...
by Grt2bOutdoors
Fri Oct 31, 2014 10:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Is $700,000 enough to retire? Opinions please .
Replies: 34
Views: 2691

Re: Jack Bogle on why your retirement plan stinks

Go to the US Department of Labor's website - you can type in the exact name of your retirement plan, a copy of the exact plan disclosures sent to employees is on record with the dol.gov. FreeErisa5500 gets their information directly from the DOL website in the form of a data feed.
by Grt2bOutdoors
Fri Oct 31, 2014 10:37 am
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle on why your retirement plan stinks
Replies: 10
Views: 1344

Re: Question for AXA Financial Rep

What guarantee does AXA provide that your funds will beat the average with equal or lower expenses that is offered by our current arrangement with the government provided plan? :D Does AXA hold a performance bond that AXA pays for to guarantee results for us if you fail to meet the goal? Be prepared...
by Grt2bOutdoors
Fri Oct 31, 2014 10:31 am
 
Forum: Investing - Theory, News & General
Topic: Question for AXA Financial Rep
Replies: 9
Views: 299

Re: Jack Bogle: Ignore market headlines

Interesting thing is I don't understand why folks are slow to pick up on financial porn just being noise. It took less then 6 months of investing to realize it. If you just watch or read what the experts say it almost NEVER comes true. Don't others pick up on that? If they did why would you go and ...
by Grt2bOutdoors
Fri Oct 31, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Ignore market headlines
Replies: 10
Views: 1045

Re: My college son's investment in Merril Lynch

I don't really know anything about the law that the kids get to have the money when they turn 21. This won't affect us at all since they don't need the money now and they don't know how much investment are in the accounts. I assume they will need it when they are mature enough to be a home owner. T...
by Grt2bOutdoors
Fri Oct 31, 2014 10:14 am
 
Forum: Investing - Help with Personal Investments
Topic: My college son's investment in Merril Lynch
Replies: 17
Views: 1457

Re: newbie opening a UTMA account.. please advise which fund

Do you have a 529 account set up? If the money is earmarked for college savings, this may make more sense than a UTMA account. The UTMA offers more versatility. What do I mean by this? Let's say the child will need the funds for high school marching band - guess what? 529 plan can only be used for ...
by Grt2bOutdoors
Fri Oct 31, 2014 9:57 am
 
Forum: Investing - Help with Personal Investments
Topic: newbie opening a UTMA account.. please advise which funds ??
Replies: 4
Views: 166

Re: Jack Bogle on why your retirement plan stinks

My first employer to offer a 401K plan used the Equitable funds with these ridiculous expense ratios (this was pre Morningstar days). I knew it would be hard to overcome 2%+ expense ratios, so I decline participation instead using low expense ratio funds from Fidelity in a Traditional IRA which suit...
by Grt2bOutdoors
Fri Oct 31, 2014 9:42 am
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle on why your retirement plan stinks
Replies: 10
Views: 1344

Re: Jack Bogle: Ignore market headlines

The market timing junk yard is full of predictions and even some predictors who failed miserably in converting idle gossip into fact. Let's list some of them - the coming bear market - Art Cashin from the floor of the NYSE :oops: Charlie Gasparino - talking head over at CNBC who proclaimed that the ...
by Grt2bOutdoors
Fri Oct 31, 2014 9:33 am
 
Forum: Investing - Theory, News & General
Topic: Jack Bogle: Ignore market headlines
Replies: 10
Views: 1045

Re: newbie opening a UTMA account.. please advise which fund

Hello and welcome to the forum! Opening a UTMA account does not require anything more than the following: 1)A check or electronic bank transfer from your checking account made payable to the Vanguard fund - as indicated on the account opening form. 2) Name of minor, mailing address, minor's social s...
by Grt2bOutdoors
Fri Oct 31, 2014 9:06 am
 
Forum: Investing - Help with Personal Investments
Topic: newbie opening a UTMA account.. please advise which funds ??
Replies: 4
Views: 166

Re: Is $700,000 enough to retire? Opinions please .

Hello and welcome to the forum! The other posters have provided detailed explanations, I will say it in fewer words - It will be very tight! with little room for error if you want the portfolio to last 25 years. On the other hand, I've known people who've retired with far less but their expenses wer...
by Grt2bOutdoors
Fri Oct 31, 2014 8:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Is $700,000 enough to retire? Opinions please .
Replies: 34
Views: 2691

Re: That stress-relieving thing you do at work

I go for a walk, inside the building if it's inclement weather. I drink water, lots of it.
Look at family pictures - great motivating factor.
by Grt2bOutdoors
Fri Oct 31, 2014 8:37 am
 
Forum: Personal Finance (Not Investing)
Topic: That stress-relieving thing you do at work
Replies: 41
Views: 2197

Re: Speculaition on Crude Oil/The Euro/and Silver

I just bought the following: BP, Conoco (COP), Chevron (CVX), silver (SLV), Goldcorp (GG), and yen futures. Let's call it an investment of $50K, equally spread among the investments, and with the entire $50K swapped into yen, so think of it as a yen-denominated portfolio. Today's closing prices are...
by Grt2bOutdoors
Thu Oct 30, 2014 11:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Speculaition on Crude Oil/The Euro/and Silver
Replies: 15
Views: 940

Re: Group Legal through work - Hyatt Legal

A typical will, poa, healthcare directive would run around $1,000. $201 is a cheap rate for a basic estate planning package.
I've used them before, and will use them again for my other basic needs. If you have a complicated issue, you may want to use a legal specialist or not.
by Grt2bOutdoors
Thu Oct 30, 2014 4:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Group Legal through work - Hyatt Legal
Replies: 6
Views: 493

Re: Vanguard Variable Annuity Costs

Would you mind sharing how you went about this? Is the annuity in a trust? Who are the owners, beneficiaries? If its in a trust, the trust document/outline would be great. Also is the amount subject to a gift tax? How would one do that while also making 529 contributions? Thanks. If married, keep y...
by Grt2bOutdoors
Thu Oct 30, 2014 2:28 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity Costs
Replies: 10
Views: 755

Re: Vanguard Variable Annuity Costs

We are planning on doing this for our children with at least some money. The cost of the variable annuity structure adds some to the ER. Vanguard VA ER while higher than direct funds are still extremely good and much lower than most other regular funds. The realized cost could still be lower than t...
by Grt2bOutdoors
Thu Oct 30, 2014 2:26 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity Costs
Replies: 10
Views: 755

Re: Vanguard Variable Annuity Costs

Not to steal the thread, but I started the same when my daughter was just born a couple of years ago. I know Johnathan Clement discussed doing the same in an article he wrote awhile back. Not sure if he went through with it or not. 65 years of tax deferred growth was too much to overlook!! Good luc...
by Grt2bOutdoors
Thu Oct 30, 2014 2:25 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Variable Annuity Costs
Replies: 10
Views: 755

Re: Paul Merriman criticism?

I tend to agree with Merriman, I don't believe their forte is in asset allocation strategy or delivery. Their foray when the Lifestrategy funds were launched convinced me of that - imagine, using a market-timing fund (the 25% slice in the Asset Allocation fund run by Mellon where they were making te...
by Grt2bOutdoors
Thu Oct 30, 2014 2:13 pm
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 56
Views: 3531

Re: How difficult is probate court? (NYC)

My dad died in July. He left $300k worth of stock (no beneficiary) and $2k worth of Series E savings bonds (from 1978). House and 401k/ira xferred fine because my mom was listed as the beneficiary. A lawyer I called said it'll costs about $3k for his lawfirm plus another $600 for fees to NYC courts...
by Grt2bOutdoors
Thu Oct 30, 2014 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: How difficult is probate court? (NYC)
Replies: 9
Views: 1071

Re: How difficult is probate court? (NYC)

From your other thread it seems that your father left no will so you will need to go through intestate probate which might be difficult on your own but you can always talk to the clerks at the court to see what the process would be (and there is no guarantee that you will be appointed executor). ye...
by Grt2bOutdoors
Thu Oct 30, 2014 12:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: How difficult is probate court? (NYC)
Replies: 9
Views: 1071

Re: Thoughts on Defined Maturity Bond Funds?

Costs may be higher, if you purchase a bond that is callable before the stated maturity, how do you replace it and what do you replace it with if there aren't enough of a certain security to do it with? Why not create your own defined maturity by holding certificate of deposits instead? The yield o...
by Grt2bOutdoors
Thu Oct 30, 2014 12:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Defined Maturity Bond Funds?
Replies: 6
Views: 268

Re: My college son's investment in Merril Lynch

Thank you very much to all of you for helping me with my questions. Yes, the accounts are in my sons' names and my husband is the custodian for both of the boys. My older son is 20 years old and a junior in college. We don't need the money for his college because he gets full scholarship. His grand...
by Grt2bOutdoors
Thu Oct 30, 2014 12:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: My college son's investment in Merril Lynch
Replies: 17
Views: 1457

Re: Speculaition on Crude Oil/The Euro/and Silver

If you really want to speculate on the price of oil, you buy some real junior oil company or many junior oil companies that are not household names - pick up 10 or 20 shares of each and let it ride for 20 years, see where you land. If you had bought Continental Resources when they went public, you'r...
by Grt2bOutdoors
Thu Oct 30, 2014 12:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Speculaition on Crude Oil/The Euro/and Silver
Replies: 15
Views: 940

Re: Thoughts on Defined Maturity Bond Funds?

Costs may be higher, if you purchase a bond that is callable before the stated maturity, how do you replace it and what do you replace it with if there aren't enough of a certain security to do it with? Why not create your own defined maturity by holding certificate of deposits instead?
by Grt2bOutdoors
Thu Oct 30, 2014 12:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Defined Maturity Bond Funds?
Replies: 6
Views: 268

Re: Joint accounts or separate accounts for married couples?

I didn't know that the "law" dictates how much a married or unmarried couple is permitted to keep in joint accounts. :confused Must be some "new law" that is out there. :shock: If a couple prior to marriage had independent lives with accumulated assets and liabilities in substant...
by Grt2bOutdoors
Thu Oct 30, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Joint accounts or separate accounts for married couples?
Replies: 35
Views: 1451

Re: Speculaition on Crude Oil/The Euro/and Silver

Silver is cheap, relative to what? Oh sure, it's lower than the $40 an ounce it was back in 2011 when I got a solicitation from my broker to sell the few coins I had for a 60% profit. I bought the coins as a gift, so I didn't sell, even though I could have made a hefty profit after tax. But wait, ju...
by Grt2bOutdoors
Thu Oct 30, 2014 8:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Speculaition on Crude Oil/The Euro/and Silver
Replies: 15
Views: 940

Re: life insurance ladder calculation

I bought a 30 yr $2 million term policy about 3 years ago. Thanks to the wonderful stock market gains over the past few years, I'm starting to feel over-insured. I haven't looked into the possibility of lowering coverage yet, but I imagine when it comes time in the spring to pay my next premium I w...
by Grt2bOutdoors
Thu Oct 30, 2014 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: life insurance ladder calculation
Replies: 5
Views: 365

Re: life insurance ladder calculation

I have two policies - in each instance I purchased a 30 year policy to meet my needs at the time of issuance. My first foray into purchasing was for a lower amount and will terminate just before I will retire, the second policy for a larger amount will end shortly after retirement when I expect my l...
by Grt2bOutdoors
Wed Oct 29, 2014 9:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: life insurance ladder calculation
Replies: 5
Views: 365

Re: UTMA Variable Annuity - Early Retirement Planning

I'm not sure one can make future tax assumptions that favor this without making additional assumptions that clearly non intended for usages aren't also eliminated or extremely penalized from UTMAs. I don't find this to be a real "tax diversification". I personally feel its more likely tha...
by Grt2bOutdoors
Wed Oct 29, 2014 2:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: UTMA Variable Annuity - Early Retirement Planning
Replies: 11
Views: 425

Re: UTMA Variable Annuity - Early Retirement Planning

^ you're correct. :beer I didn't view "early retirement planning" as important for a minor. My exposure to people with great wealth is nonexistent. :annoyed Define great wealth. The original thought was why use a trust as Merriman suggests? Why not skip the trust and have UTMA hold it, fo...
by Grt2bOutdoors
Wed Oct 29, 2014 2:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: UTMA Variable Annuity - Early Retirement Planning
Replies: 11
Views: 425

Re: Finance kids' medical educations with a HELOC?

Do you like your house? Do you want to keep it in retirement? For all of the reasons the other posters have stated, plus the fact you need this money to retire - at the minimum you should purchase a life insurance policy on them payable to you for the amount of the loans - that only takes care of de...
by Grt2bOutdoors
Wed Oct 29, 2014 12:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Finance kids' medical educations with a HELOC?
Replies: 24
Views: 1696

Re: How should we invest if interest rates never go up?

ZIRP is a tad misleading. You can get 2.25% APY on a 5-yr CD these days. It's only 55 bps over inflation, but it's not zero. Return is negative after-tax. True, the loss is minimized as compared to risk of the unknown. You can have a portfolio that returns -7%, coupled with inflation causes real re...
by Grt2bOutdoors
Wed Oct 29, 2014 12:00 pm
 
Forum: Investing - Theory, News & General
Topic: How should we invest if interest rates never go up?
Replies: 17
Views: 1700

Re: How should we invest if interest rates never go up?

Pay off debt - holding debt in a deflationary/deleveraging environment will hurt your ability to grow net worth. That is an instant return, even if you are paying off tax-deductible debt.
by Grt2bOutdoors
Wed Oct 29, 2014 11:40 am
 
Forum: Investing - Theory, News & General
Topic: How should we invest if interest rates never go up?
Replies: 17
Views: 1700

UTMA Variable Annuity - Early Retirement Planning

Any opinions on using a UTMA designation for a variable annuity with the premise that assets are retitled in child's name at age of majority, but still within a tax-deferred wrapper? Merriman advocated using a trust to hold the variable annuity, but for sake of simplicity, wouldn't this work just as...
by Grt2bOutdoors
Wed Oct 29, 2014 10:33 am
 
Forum: Investing - Help with Personal Investments
Topic: UTMA Variable Annuity - Early Retirement Planning
Replies: 11
Views: 425

Re: Men's Personal Hygiene Products

I am very susceptible to razor burn, and Nivea For Men's sensitive post-shave balm has been the most effective product I've found for limiting that. A sharp blade and prepping your beard by washing it in warm/hot water will soften the hairs and using a sensitive skin shaving gel (I use Gillette ser...
by Grt2bOutdoors
Wed Oct 29, 2014 10:29 am
 
Forum: Personal Consumer Issues
Topic: Men's Personal Hygiene Products
Replies: 37
Views: 2901

Re: Arkansas Resident: Arkansas vs Utah 529

It's not just the expense ratio to be considered. One should also consider the strength of the board of trustees of each plan. Clearly, the folks over at the Utah plan (full disclosure: I use this plan for my child) know what they are doing in terms of plan design, fund selection, keeping costs low ...
by Grt2bOutdoors
Wed Oct 29, 2014 8:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Arkansas Resident: Arkansas vs Utah 529
Replies: 3
Views: 337

Re: Paul Merriman criticism?

Someone should drop Paul a line and have him come here and clarify his strategy.
I think his strategy is fine if one has the time and inclination to monitor and rebalance it, otherwise, there are other funds available that could suit your needs and it doesn't require 10 funds to do so.
by Grt2bOutdoors
Wed Oct 29, 2014 8:06 am
 
Forum: Investing - Theory, News & General
Topic: Paul Merriman criticism?
Replies: 56
Views: 3531

Re: Vinyl Siding over wood

Those who do not remove the wood do so for one reason - to cut costs and time to improve their profit margin. I re-sided my home a year ago, they removed the old though not rotted wood shingle before putting up the vinyl siding.
by Grt2bOutdoors
Wed Oct 29, 2014 7:12 am
 
Forum: Personal Consumer Issues
Topic: Vinyl Siding over wood
Replies: 11
Views: 1068

Re: 529: Age Based allocation

My son is a high school sophomore. I had opened ESA and age-based allocation 529 accounts for him when he was in elementary school. The ESA was funded to the maximum allowable limit ($2000/year) for a few years and then no more contributions were made. The 529 was funded regularly for the last 15 y...
by Grt2bOutdoors
Tue Oct 28, 2014 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529: Age Based allocation
Replies: 2
Views: 417

Re: What to do with 5M?

Hello and welcome to the forum! To answer your question, yes - investment theory and practice applies to all asset sizes. What is the difference between $100,000 and $1,000,000? One has one comma, the other has two commas and three more zeros at the end. What is the difference between .005 and payin...
by Grt2bOutdoors
Tue Oct 28, 2014 9:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with 5M?
Replies: 27
Views: 2660

Re: Prudent Investment Portfolio for 58-year Old w/20M Net W

Well, he is in great shape, because what he has should easily be able to produce his income needs, plus grow. If he put $8MM into a bond portfolio that was 10 years or so he could probably generate 2.5% plus on that. So thats 200k of pre-tax income. If the remaining 12MM is invested in stocks with ...
by Grt2bOutdoors
Tue Oct 28, 2014 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Prudent Investment Portfolio for 58-year Old w/20M Net Worth
Replies: 33
Views: 2766

Re: Pension Early Buyout Offer

I did a few quick and dirty calculations and here's what I came up with: If you go with option 3 and wait until age 65, you will be guaranteed $157,500 over ten years. Depending upon how much of the lump sum would be lost to taxes, you would have to get a 6% to 7% return on the net lump sum after t...
by Grt2bOutdoors
Tue Oct 28, 2014 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension Early Buyout Offer
Replies: 20
Views: 1821

Re: Pension Early Buyout Offer

A 30 year Treasury bond is yielding around 3.05%, that is guaranteed. A 4% or 6% rate is not guaranteed. Therefore, to be conservative in one's planning you ought to assume that at best you get 4%, at worse you earn 3.05%. A balanced fund may do better, but it is not guaranteed, there is an element ...
by Grt2bOutdoors
Tue Oct 28, 2014 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension Early Buyout Offer
Replies: 20
Views: 1821

Re: Prudent Investment Portfolio for 58-year Old w/20M Net W

The same portfolio that would be appropriate for a 58 yr old investor with 2 million dollars and income needs of 37.5k per year. Its just an extra 0 in my opinion. 30% Total US Stock market 20% Total International 40% Muni Bond Index 10% Cash That would be a reasonable starting point IMHO. No need ...
by Grt2bOutdoors
Tue Oct 28, 2014 2:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Prudent Investment Portfolio for 58-year Old w/20M Net Worth
Replies: 33
Views: 2766

Re: To payoff mortgage or not

keith6014 wrote:Thanks everyone for your advice and comments.

Its finally over! :-)

Now, I need to get started in Taxable account



Congrats! :sharebeer
by Grt2bOutdoors
Tue Oct 28, 2014 1:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: To payoff mortgage or not
Replies: 64
Views: 3684

Re: Prudent Investment Portfolio for 58-year Old w/20M Net W

You leave a few key points out - is the net worth liquid now, or illiquid? What are the income needs of said investor? What is the current and expected tax rates of the investor? Come on! You know the drill on Asking Portfolio Questions, why should this exercise be any different? For someone with 19...
by Grt2bOutdoors
Tue Oct 28, 2014 1:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Prudent Investment Portfolio for 58-year Old w/20M Net Worth
Replies: 33
Views: 2766

Re: Career Advice for an Unhappy Young Doctor?

Residency is miserable. The first year out of residency is hard. You question whether you really know what you are doing and at the same time need to figure out a new computer system and how things are done at your new hospital. It is super stressful. It gets better the second year though. Taking a...
by Grt2bOutdoors
Tue Oct 28, 2014 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 76
Views: 6860
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