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Re: Vanguard: "Don't let debt delay or derail your retiremen

+1 to both of you. This year my already low grocery bill is up close to 20% (to those at the Fed who says there is no inflation, my bill indicates otherwise), my property taxes are up, health insurance is up by double digits, clothing is up, public transportation is up by double digits, doctors bil...
by Grt2bOutdoors
Tue Sep 30, 2014 2:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard: "Don't let debt delay or derail your retirement"
Replies: 26
Views: 1047

Re: When should someone "not stay the course"?

Did you include dividends in your calculations? Total return is the combination of dividends and capital appreciation. Over 40% of total return comes from dividends, strip that away and most of your compounding gains are erased. BTW, you may want to consider value averaging.....aim to accumulate sha...
by Grt2bOutdoors
Tue Sep 30, 2014 2:47 pm
 
Forum: Investing - Theory, News & General
Topic: When should someone "not stay the course"?
Replies: 18
Views: 494

Re: What to Do next? Life Events + What To Invest?

Most would not recommend a 529 until you are completely maxing 401k and IRA. The details are complicated, but I was convinced after about a week of reading about it. There is no shortage of threads on the topic if you just search on Google: bogleheads 529 IRA Careful, some states provide valuable t...
by Grt2bOutdoors
Tue Sep 30, 2014 1:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to Do next? Life Events + What To Invest?
Replies: 4
Views: 295

Re: Vanguard: "Don't let debt delay or derail your retiremen

Whoa! Slow down there killer. No one is personally attacking you for your choices or your life situation. I'm sorry to hear about your husband losing his battle with cancer. We're currently dealing with this with my mother-in-law. Cancer sucks. However, this article, as was mentioned previously, ba...
by Grt2bOutdoors
Tue Sep 30, 2014 1:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard: "Don't let debt delay or derail your retirement"
Replies: 26
Views: 1047

Re: Vanguard: "Don't let debt delay or derail your retiremen

the only problem I have Gordon is that these stories make all Americans sound like irresponsible spend thrifts. and I totally admit that I resent that. I know a lot of people that live way beyond their means. I know a few that do nothing to improve their situation. I try to help everyone by casuall...
by Grt2bOutdoors
Tue Sep 30, 2014 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard: "Don't let debt delay or derail your retirement"
Replies: 26
Views: 1047

Re: Vanguard: "Don't let debt delay or derail your retiremen

Me thinks Vanguard is letting those trillions in management go to it's head. Quoting experts that say you need to replace 70 to 80% of your pre-retirement income? :oops: Come-on Vanguard.....get with the program - 20 to 25x expenses less other income sources, not income!!! Quoting "hello walle...
by Grt2bOutdoors
Tue Sep 30, 2014 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard: "Don't let debt delay or derail your retirement"
Replies: 26
Views: 1047

Re: Vanguard: "Don't let debt delay or derail your retiremen

Me thinks Vanguard is letting those trillions in management go to it's head. Quoting experts that say you need to replace 70 to 80% of your pre-retirement income? :oops: Come-on Vanguard.....get with the program - 20 to 25x expenses less other income sources, not income!!! Quoting "hello wallet...
by Grt2bOutdoors
Tue Sep 30, 2014 12:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard: "Don't let debt delay or derail your retirement"
Replies: 26
Views: 1047

Re: need for a backup credit card?

I have 4, two I use regularly, one I stopped using on account of being hacked twice - once in Target and once in Home Depot ( :annoyed ). The one I stopped using is due to my own "fraud monitoring service" - no activity on my part, the second I see activity on it, will be the end of my rel...
by Grt2bOutdoors
Tue Sep 30, 2014 9:45 am
 
Forum: Personal Finance (Not Investing)
Topic: need for a backup credit card?
Replies: 25
Views: 840

Re: Assistance with Medicare costs for lowish income seniors

How about the Medicare Advantage programs with prescription coverage? That's like an all in one network group plan.
by Grt2bOutdoors
Tue Sep 30, 2014 9:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Assistance with Medicare costs for lowish income seniors
Replies: 2
Views: 213

Re: Should I pay off my sisters student loans?

Pay it off if you want, but remember....this may be the start of a precedence.....loans today, tomorrow it will be for her wedding, then her house....etc. I vote for paying for half up front - an $80K loan balance is not nearly as dire as a $168K loan balance. Personal responsibility, remember? We ...
by Grt2bOutdoors
Tue Sep 30, 2014 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my sisters student loans?
Replies: 44
Views: 2280

Re: Should I pay off my sisters student loans?

Interesting thing about statistics - they can be manipulated to portray what you want to express. Of the 15 to 20% who are non-paying, how much of the debt is related to private educational diploma mills offering technical job studies? Of the 15 to 20% how many are law graduates? What's really unten...
by Grt2bOutdoors
Tue Sep 30, 2014 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I pay off my sisters student loans?
Replies: 44
Views: 2280

Re: High yield muni bonds

If you want to take some risk, you could consider the barbell approach - majority of fixed income investments in high quality bonds, a sliver in high yield. The key is to be cognizant that you are taking disproportionate risk with that sliver and you could lose a decent chunk of it. By investing a m...
by Grt2bOutdoors
Tue Sep 30, 2014 8:21 am
 
Forum: Investing - Help with Personal Investments
Topic: High yield muni bonds
Replies: 16
Views: 968

Re: Help me divorce my Stocks

How long have you had SJM? I ask because it has not under-performed the market, but past performance is no guarantee of future performance.
by Grt2bOutdoors
Mon Sep 29, 2014 8:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me divorce my Stocks
Replies: 16
Views: 1415

Re: High yield muni bonds

I am considering various ways to generate income from my portfolio. Has anyone used high yield muni bonds in their strategy? Thanks in advance for any insights. Define "high yield" munis - are they distressed bonds or are the simply longer term municipal bonds? I mean, you could have boug...
by Grt2bOutdoors
Mon Sep 29, 2014 8:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: High yield muni bonds
Replies: 16
Views: 968

Re: Aspiring Personal Finance Advisor

Thanks Rick. :)
by Grt2bOutdoors
Mon Sep 29, 2014 8:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Aspiring Personal Finance Advisor
Replies: 4
Views: 574

Re: How can I stop feeling depressed about my finances?

Your fundamental mistake was choosing to pursue an English degree. Try pursuing another field more aligned with the compensation you desire. Really? :oops: What degree do you suggest instead? :?: There's plenty you can do with an English degree and it doesn't involve being a petroleum transfer tech...
by Grt2bOutdoors
Mon Sep 29, 2014 5:31 pm
 
Forum: Personal Consumer Issues
Topic: How can I stop feeling depressed about my finances?
Replies: 91
Views: 5519

Re: Aspiring Personal Finance Advisor

Do you wish to keep your CPA license? If so, you might want to read the regs from the AICPA on advising external parties on investing and possible repercussion if it goes south and they report you for some reason or another. Will you be accepting payment for providing advice? Then at minimum you sho...
by Grt2bOutdoors
Mon Sep 29, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Aspiring Personal Finance Advisor
Replies: 4
Views: 574

Re: Need advice on investment with loaned money

Assume the rate is 3.25% for securities investment and 3% for mortgage, any advice on my investment questions? Forget borrowing money at 3.25% for investing. Does earning 1-2% on money after-taxes sound like a home run to you? You could get a good job and earn at least 2x that figure, if not more.
by Grt2bOutdoors
Mon Sep 29, 2014 5:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need advice on investment with loaned money
Replies: 11
Views: 742

Re: Can I open an immediate annuity with IRA money?

Best to use SPIA's later in life to capture the mortality credits, likely best returns received in your 70's (actually your 80's) but if you don't want to roll the dice, 70's is as good a time as any.
by Grt2bOutdoors
Mon Sep 29, 2014 5:02 pm
 
Forum: Investing - Theory, News & General
Topic: Can I open an immediate annuity with IRA money?
Replies: 3
Views: 321

Re: Owning Your Company's Bonds?

I'd love to own bonds in our corp. They pay out at 6.5%, but the spread to buy them from trad'l brokerages is way to high for me. PG£E, Enron, MCI-Worldcom, adelphia, Tyco, US Air, Conseco, Trump Entertainment, Delta Airlines, Northwest Airlines, Delphi, Rwfco, Indymac, WAMU, Lehman Bros, Tribune G...
by Grt2bOutdoors
Mon Sep 29, 2014 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Owning Your Company's Bonds?
Replies: 6
Views: 320

Money Makeovers - Are these legitimate stories?

Okay folks, once more Living Beneath Your Means is the only way to stay out of debt and the only way you can enjoy your life without added stress. I question whether stories published in national newspapers are being truthful. Hard to believe someone making close to $4K net in retirement can't swing...
by Grt2bOutdoors
Mon Sep 29, 2014 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Money Makeovers - Are these legitimate stories?
Replies: 8
Views: 1241

Re: Owning Your Company's Bonds?

The yield is supremely superior to other options, the bonds are AAA rated, the bonds are senior and secured to all other outstanding obligations of the company - the chances of all 3 criteria being present are "nil", therefore the answer is no. If you want corporate exposure purchase a cor...
by Grt2bOutdoors
Mon Sep 29, 2014 9:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Owning Your Company's Bonds?
Replies: 6
Views: 320

Re: List of current takeover targets?

Can anyone suggest sites that list stocks/symbols that are current takeover targets? (for the purpose of avoidance) Thank you. Brooks How do you look in orange? How about pin stripes? Can you swing a sledgehammer? How handy are you with a broom? :twisted: Can you be that serious as to even post suc...
by Grt2bOutdoors
Mon Sep 29, 2014 8:56 am
 
Forum: Investing - Help with Personal Investments
Topic: List of current takeover targets?
Replies: 4
Views: 450

Re: Financial advice

Can you upgrade your current home instead of selling and buying again? The thought here is to eliminate the high transaction costs associated with purchase and sales, instead you keep that money and either refinance/use some of your current taxable account to upgrade the home the way you like, but b...
by Grt2bOutdoors
Mon Sep 29, 2014 8:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Financial advice
Replies: 6
Views: 950

Re: Need advice on investment with loaned money

trueblueky wrote:What is the interest rate on the loan?


+1
by Grt2bOutdoors
Mon Sep 29, 2014 8:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Need advice on investment with loaned money
Replies: 11
Views: 742

Re: POLL: When I gift/will shares to my relatives, I expect

should there be anything left, I expect them to sell it all and use it as they see fit. Money is meant to be used to better one's self, not to be hoarded - for that they can keep my gold and silver coins. :moneybag :greedy :moneybag
by Grt2bOutdoors
Mon Sep 29, 2014 8:36 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: When I gift/will shares to my relatives, I expect ...
Replies: 16
Views: 980

Re: Paid off mortgage today

Congrats! :sharebeer
by Grt2bOutdoors
Sun Sep 28, 2014 8:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage today
Replies: 25
Views: 2734

Re: Those under 35 with a child 5 or under: Costs of child?

What does one's age have to do with the costs of a child 5 and under? Do you really believe costs go up or down as an adult ages? :oops: No one gets a break on costs regardless of their age. Now onto the real meat and potatoes, how much it costs: It costs 24 hours, 60 minutes and 60 seconds of your ...
by Grt2bOutdoors
Sun Sep 28, 2014 8:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Those under 35 with a child 5 or under: Costs of child?
Replies: 50
Views: 2944

Re: Starting a railroad career

My uncle was a railroad engineer (fancy way of saying that he drove the locomotives). It is a hard job. Very erratic hours, and he was away from home a lot. Quite frankly, the job made it pretty much impossible for him to have a family. Vacation planning was near impossible. I suspect that he made ...
by Grt2bOutdoors
Sun Sep 28, 2014 8:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Starting a railroad career
Replies: 11
Views: 1570

Re: Need advice; Significant Student Loan Burden

Thanks guys. Certainly don't feel rich. Take home combined around 23k BEFORE any deduction. Don't see the 3 year payoff option while still investing. $23K in monthly net income minus $8K in monthly necessities = $15K discretionary income ($180K). Take $2.5K for yourselves (that's $30K in discretion...
by Grt2bOutdoors
Sun Sep 28, 2014 7:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice; Significant Student Loan Burden
Replies: 18
Views: 1381

Re: Need advice; Significant Student Loan Burden

Thanks everyone for the sound advice. I don't believe my 401k allows more than the 17,500. I don't think hers does either. As I have been exploring the forums for the last week or so, I had also been advised by some of my ex-partners in the medical field of an Advisor that all of them apparently ar...
by Grt2bOutdoors
Sun Sep 28, 2014 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice; Significant Student Loan Burden
Replies: 18
Views: 1381

Re: Unexpected Emergency

In my next life, I'm going to come back as an oral surgeon or dentist....... :moneybag :dollar :moneybag
by Grt2bOutdoors
Fri Sep 26, 2014 8:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Unexpected Emergency
Replies: 33
Views: 3214

Which is the better investment value today?

This board always talks about value, so let's hear it - what is the better equity investment value today? There can be many, few or none. Please don't respond with "what does your IPS say"? or "come up with an asset allocation plan and implement it" - this is intended to be a fun...
by Grt2bOutdoors
Fri Sep 26, 2014 8:46 am
 
Forum: Investing - Theory, News & General
Topic: Which is the better investment value today?
Replies: 4
Views: 492

Re: Unexpected Emergency

A medical or dental emergency to the extent that medical insurance did not cover it and required you to draw down your entire e-fund and stop 401k contributions to replenish it? I trust you got a second opinion. Okay, first negotiate with the provider indicating you'll need time to pay it down, inst...
by Grt2bOutdoors
Thu Sep 25, 2014 12:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Unexpected Emergency
Replies: 33
Views: 3214

Re: Tree trimming cost

yukonjack wrote:I recently had a 25 foot aspen tree removed for $300 and it involved working around a 6 foot privacy fence.


I got quoted over $6K to take down a 75 foot oak tree. That's not a misprint and it was the cheapest quotation, others wanted $11K.
by Grt2bOutdoors
Wed Sep 24, 2014 8:42 pm
 
Forum: Personal Consumer Issues
Topic: Tree trimming cost
Replies: 30
Views: 2467

Re: Tree trimming cost

You don't trim a tree every year, more like every 3-5 years. if you prune too much, you can weaken the tree and possibly kill it or worse, have it fall on your property causing damage. What kind of a trim are they proposing - pruning it back, or a crown thin-ing? Trees on the property line are neith...
by Grt2bOutdoors
Wed Sep 24, 2014 5:21 pm
 
Forum: Personal Consumer Issues
Topic: Tree trimming cost
Replies: 30
Views: 2467

Re: Defined Benefit Plan?

Take your $50K and invest it in tax-efficient index funds held within a taxable account. Cut the middle guy out, save on expenses and reap the rewards later on. Of course, the financial advisor is not going to offer that option to you.
by Grt2bOutdoors
Wed Sep 24, 2014 2:42 pm
 
Forum: Investing - Theory, News & General
Topic: Defined Benefit Plan?
Replies: 8
Views: 772

Re: What can I do better?

You're not making an apples to apples comparison. You have 66% of your money in REITs and 9% in bonds, followed by 25% in VTSAX. That is not what I call a low cost diversified portfolio. Try this instead - 401k: Equity Index only - it's correlation to Total Stock Market is about .98, that is pretty ...
by Grt2bOutdoors
Wed Sep 24, 2014 1:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: What can I do better?
Replies: 5
Views: 440

Re: Avoiding New Jersey tax on Coverdell ESA distribution

Nothing? The attachment you provided covers the taxation of Traditional Individual Retirement Accounts and Roth IRA's. What correlation does an IRA have with a Coverdell Educational Savings Account? You can't substitute one for the other. Although NJ doesn't require a tax filing for income under $1...
by Grt2bOutdoors
Wed Sep 24, 2014 1:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Avoiding New Jersey tax on Coverdell ESA distribution
Replies: 5
Views: 399

Re: What did you always wish for but never got?

My own bedroom - I shared with my brothers. And we had a single bathroom for 6 of us..... Now I've got a house with 3 bathrooms and 4 bedrooms with my kids each getting their own bedroom .... but two of them still fight over sharing one bathroom between two of them - you can imagine the repetitive ...
by Grt2bOutdoors
Wed Sep 24, 2014 11:41 am
 
Forum: Personal Consumer Issues
Topic: What did you always wish for but never got?
Replies: 87
Views: 5053

Re: Personal finance book for young adults?

A college kid graduated and started working this year. Any recommendation on a personal finance book, not only about investment but also about 401K, credit card, and etc.? Thanks. For just about everything financial and then some, a must read is Jane Bryant Quinn's Making the Most of Your Money Now...
by Grt2bOutdoors
Wed Sep 24, 2014 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Personal finance book for young adults?
Replies: 7
Views: 496

Re: Sale of a home between boyfriend and girlfriend.

Just a quick update. First off thank you for all the responses, it has really helped her decide what to do. She listed the house today with a realtor for $360,000.00 and they paid $240,000.00 two years ago. I told her to make sure this listing price is in line with comp's in the area, so that he do...
by Grt2bOutdoors
Wed Sep 24, 2014 9:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Sale of a home between boyfriend and girlfriend.
Replies: 79
Views: 5515

Re: Using Your House for Income in Retirement

Reverse mortgages are not a panacea for the real issue - insufficient retirement assets. Would it not be more preferable to sell home and purchase SPIA with portion of proceeds? Transaction costs for reverse mortgages are very high, imo a reverse mortgage is no different than a subprime mortgage wit...
by Grt2bOutdoors
Wed Sep 24, 2014 9:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Using Your House for Income in Retirement
Replies: 19
Views: 1535

Re: Stubbornly Non-Boglehead Husband. What To Do?

Your husband has a gambling problem, and like everyone with a gambling problem, he doesn't see it as a problem. But like others I don't see much you can do. Just keep investing half in index funds. As long as he doesn't gamble more than his half through the use of leverage. Good point. This is a ma...
by Grt2bOutdoors
Wed Sep 24, 2014 9:10 am
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7501

Re: Stubbornly Non-Boglehead Husband. What To Do?

Your husband has a gambling problem, and like everyone with a gambling problem, he doesn't see it as a problem. But like others I don't see much you can do. Just keep investing half in index funds. That's to be expected, the OP's husband is a 7 figure finance guy - Wall St./Broad St. (I won't go th...
by Grt2bOutdoors
Wed Sep 24, 2014 9:03 am
 
Forum: Investing - Theory, News & General
Topic: Stubbornly Non-Boglehead Husband. What To Do?
Replies: 122
Views: 7501

Re: Even institutions are performance chasers, and the impac

The smart money is prone to stampeding....when markets are moving it is institutional money that is moving the needle. IMO, it's more to do with "protecting their profits" as their year-end performance bonus is based on positive returns. Traders and portfolio managers usually put their int...
by Grt2bOutdoors
Wed Sep 24, 2014 8:49 am
 
Forum: Investing - Theory, News & General
Topic: Even institutions are performance chasers, and the impact
Replies: 7
Views: 752

Re: Why don't you do Financial Planning?

Altrustic nature prevents me from charging fees. While I believe in being compensated fairly, I don't like to see folks being taken advantage of. I like it when the little guy, myself being one, is given a fair shake. I don't like bullies, shysters, snake oil salesman, criminals, and those who think...
by Grt2bOutdoors
Tue Sep 23, 2014 5:45 pm
 
Forum: Personal Consumer Issues
Topic: Why don't you do Financial Planning?
Replies: 41
Views: 3201

Re: Pots of Gold: Here, There and Everywhere

Bump for later.
Welcome! You've come to the right place....and i'm sure you'll receive lots of replies before I get to post later.
There's lots of vultures out there waiting to steal your hard-earned money, unfortunately. We hate vultures!! :wink:
by Grt2bOutdoors
Tue Sep 23, 2014 4:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help: Simplify My Investments at Vanguard
Replies: 5
Views: 649

Re: Is it bad to put 23k a yr in retirement if I only make 4

My fiancée actually has 60k in his checking accounts, saved as a sort of emergency fund for the both of us. I hadn't really considered fertility issues, I think it is something that is at the back of my mind, but maybe its something I should consider a little more closely. Our wedding is next summe...
by Grt2bOutdoors
Tue Sep 23, 2014 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is it bad to put 23k a yr in retirement if I only make 42k?
Replies: 29
Views: 3543
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