Search found 12476 matches

by Grt2bOutdoors
Sat Aug 01, 2015 7:56 pm
Forum: Personal Consumer Issues
Topic: What's Your Monthly Food/Groceries Spending? My is through the roof?
Replies: 83
Views: 4155

Re: What's Your Monthly Food/Groceries Spending? My is through the roof?

So I started paying close attention to our family spending. We're a 2 adults and a 2yr old child. Living in NYC, monthly spending is $1,000 on food. Is this a lot? Keep in mind, food does not include restaurants or eating out. Just home food that I also take to work for lunch. We try to eat well. M...
by Grt2bOutdoors
Sat Aug 01, 2015 7:53 pm
Forum: Personal Consumer Issues
Topic: What's Your Monthly Food/Groceries Spending? My is through the roof?
Replies: 83
Views: 4155

Re: What's Your Monthly Food/Groceries Spending? My is through the roof?

Retired and live alone in upstate NY. Can cook for myself Italian cuisine, learned at elbow of beloved nonna. Mostly pasta dishes, or chicken breasts and lean red meat. Refuse to buy cheap ingredients: only quality Romano and provolone cheeses, pepperoni, soppressata, capicola, olive oil, tuna fish...
by Grt2bOutdoors
Sat Aug 01, 2015 6:13 pm
Forum: Investing - Theory, News & General
Topic: Which is more optimal in retirement? Total return vs. income investing
Replies: 23
Views: 1510

Re: Which is more optimal in retirement? Total return vs. income investing

In a way this could be an advantage, since funds like Vanguard Managed Payout are few and far between and because I don't like Managed Payout. Since someone else is setting the payouts, you are not tempted into wishful thinking about what is sustainable. On the other hand, it's not clear just how c...
by Grt2bOutdoors
Fri Jul 31, 2015 9:44 am
Forum: Personal Consumer Issues
Topic: CVS Minute Clinic vs. Doctor Office billing practices?
Replies: 6
Views: 659

Re: CVS Minute Clinic vs. Doctor Office billing practices?

Overhead at CVS is spread over thousands of stores, they have pricing power and ability to bill lower and still turn a profit. (think Wal-Mart), it's a volume business. Overhead at a singular office, do you think it's cheaper or more expensive?
by Grt2bOutdoors
Fri Jul 31, 2015 8:19 am
Forum: Investing - Theory, News & General
Topic: Saving for College vs. Saving for Retirement: Why the Conventional Wisdom Is Wrong
Replies: 31
Views: 2779

Re: Saving for College vs. Saving for Retirement: Why the Conventional Wisdom Is Wrong

The keeping up with the Jones's style of personal finance definitely prioritizes college over retirement. Other people can see what school your kid is attending. I have yet to see a bumper sticker on a car that celebrates where the driver's IRA or 401(k) is held. That said, if yours is a family whe...
by Grt2bOutdoors
Fri Jul 31, 2015 8:16 am
Forum: Investing - Theory, News & General
Topic: Saving for College vs. Saving for Retirement: Why the Conventional Wisdom Is Wrong
Replies: 31
Views: 2779

Re: Saving for College vs. Saving for Retirement: Why the Conventional Wisdom Is Wrong

The one thing I don't see MK mention is that of human capital. As you get older, one's human capital declines, however the prospective college student has plenty of human capital. The older parents presumably have less time to save for retirement, the child on the other hand has plenty of time to pa...
by Grt2bOutdoors
Thu Jul 30, 2015 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with low raise
Replies: 67
Views: 4686

Re: Frustrated with low raise

Keep your options open. Say thank you at the conclusion of your review. Continue working with the same high standards you have before, keep your eyes and ears open for potential opportunities for advancement within, at the same time keep your options open and perhaps explore what opportunities lie o...
by Grt2bOutdoors
Thu Jul 30, 2015 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Does % of students from low income households factor when you pick schools for kids?
Replies: 39
Views: 2556

Re: Does % of students from low income households factor when you pick schools for kids?

I find it hard to believe that any one school or district to be statistically significantly higher in terms of having a disproportionate rate of single parents, broken homes, delinquent relatives, criminals, etc. vs. the general school district as a whole. This is very much the case and many school...
by Grt2bOutdoors
Thu Jul 30, 2015 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing Help Requested! Cash to Invest + New 401k
Replies: 10
Views: 614

Re: Rebalancing Help Requested! Cash to Invest + New 401k

Why are you holding two equity income funds in your 401k? Personally, at your age, I'd choose the Growth Fund of America over the income funds. Those income funds are really more like quasi-balanced funds, they hold equity, fixed income and cash - makes it complicated in terms of keeping allocations...
by Grt2bOutdoors
Thu Jul 30, 2015 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Does % of students from low income households factor when you pick schools for kids?
Replies: 39
Views: 2556

Re: Does % of students from low income households factor when you pick schools for kids?

I live in the area. Chicago and the suburbs are somewhat less racially integrated than many other areas of the country. There are historical reasons for that and it's not ideal. Still, I would be careful about making decisions based on that factor alone. I would suggest that the decision here is le...
by Grt2bOutdoors
Thu Jul 30, 2015 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Does % of students from low income households factor when you pick schools for kids?
Replies: 39
Views: 2556

Re: Does % of students from low income households factor when you pick schools for kids?

School reputation over what demographics attend the school. I grew up in a low income household, so did many of my classmates, we all did well and are just fine. I know of kids that were wealthy, some of them gravitated towards drugs, alcohol and other bad behaviors partly due to the fact that havin...
by Grt2bOutdoors
Thu Jul 30, 2015 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 72
Views: 6763

Re: Divorce

General thoughts. I went through a divorce. So for all of those who say get your best offer on the table, work everything out before the lawyers, treat it as a business transaction, etc -- just understand that (a) it takes two to tango and (b) it's unreasonably easy to drag the process out, especia...
by Grt2bOutdoors
Thu Jul 30, 2015 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Priorities
Replies: 52
Views: 4006

Re: Priorities

Good post, Protagonist. One thing you did not mention is genetics, which exerts a huge influence on this sort of thing. One can live a very healthy lifestyle but this doesn't guarantee that one will live into their 90's. I have no family history of heart disease, but yeah, there must be something i...
by Grt2bOutdoors
Thu Jul 30, 2015 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Investing $3,000 for a 1-year old
Replies: 16
Views: 1833

Re: Investing $3,000 for a 1-year old

Your best bet is to open a 529 college savings plan as it can grow tax-deferred and ultimately be tax-free if spent on college expenses. If your state has income tax, there likely is a tax credit available. Most plans have age-based funds that start out aggressively allocated, and gradually pullbac...
by Grt2bOutdoors
Thu Jul 30, 2015 8:06 am
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 32
Views: 2947

Re: Major home renovation your thoughts

I don't know much about them except they are effective in limiting fat tail risk from a fire, and that we looked at a home owned by a firefighter and he had installed them. Most home fires are in the kitchen so at least having one there seems worth considering. Most home fires in the kitchen are of...
by Grt2bOutdoors
Thu Jul 30, 2015 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Retiring in a few days
Replies: 32
Views: 3554

Re: Retiring in a few days

Congrats, doc. :sharebeer
by Grt2bOutdoors
Thu Jul 30, 2015 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Who are you able to share good financial news with?
Replies: 80
Views: 4880

Re: Who are you able to share good financial news with?

obgyn65 wrote:No spouse. Only here.


Congrats on retirement, doc. :sharebeer
by Grt2bOutdoors
Wed Jul 29, 2015 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Wellesley Wellington diversification
Replies: 9
Views: 843

Re: Wellesley Wellington diversification

Wow, thanks for the quick replies. I pretty much agree with what everybody is saying. 7-8% return probably is a bit ambitious. I'll wait until 1st quarter of 2016 before considering any changes. I like the idea of adding LifeStrategy growth into the mix, but I also subscribe to "if it ain't br...
by Grt2bOutdoors
Wed Jul 29, 2015 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Who are you able to share good financial news with?
Replies: 80
Views: 4880

Re: Who are you able to share good financial news with?

My spouse. My parents, in general terms.
Unfortunately, I can't share it with my siblings, and definitely not with acquaintances........lest the daggers come out.
by Grt2bOutdoors
Wed Jul 29, 2015 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Who are you able to share good financial news with?
Replies: 80
Views: 4880

Re: Who are you able to share good financial news with?

A corollary question to the subject question is how do you keep strong friendships as your financial means change? Envy is such a vicious beast. I don't want it mauling my friendships. Keep your mouth shut. If someone says something like it must be expensive, just nod your head, don't say what it c...
by Grt2bOutdoors
Wed Jul 29, 2015 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Wellesley Wellington diversification
Replies: 9
Views: 843

Re: Wellesley Wellington diversification

I'm 50/50 stocks/bonds in Wellesley/Wellington only. Hey...wait a minute. Didn't you just buy these funds this week? My advice would be to sit with your decision for a little while before changing again. Also, expecting returns of 7-8% is not realistic. Wellington's semi-annual report showed up in ...
by Grt2bOutdoors
Wed Jul 29, 2015 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Puerto Rico Muni Bonds: Hard-To-Sell
Replies: 8
Views: 972

Re: Puerto Rico Muni Bonds: Hard-To-Sell

Sorry for your pain, this is what happens when everyone is running for the same exit at the same time. :oops:
"More money has been lost reaching for yield than at the point of a gun" - after all these years, I see it continues to hold water. It's not different this time.
by Grt2bOutdoors
Wed Jul 29, 2015 8:01 am
Forum: Investing - Theory, News & General
Topic: Anyone Have a Near Retirement Strategy for Sequence of Return Risk?
Replies: 45
Views: 2514

Re: Anyone Have a Near Retirement Strategy for Sequence of Return Risk?

I get into an anxious twist whenever I try to get my head around the problem of bad sequence of returns. My problem is that there are so many unknowns--not only future market returns, but my own spending ambitions. At 55, I am at 50/50, which is a comfortable spot to stay. I will likely transition ...
by Grt2bOutdoors
Wed Jul 29, 2015 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Am I just getting old?
Replies: 19
Views: 2265

Re: Am I just getting old?

In the firehouse you have what, 6 to 12 firemen at any one time, one of them is usually a ranking officer such as lieutenant or captain. The section supervisor has a staff of say 5 people who report to him/her. What does the job entail? supervising, probably along with doing similar type computer ne...
by Grt2bOutdoors
Wed Jul 29, 2015 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Managing Savings for College and Retirement
Replies: 2
Views: 401

Re: Managing Savings for College and Retirement

Hello and welcome to the forum! Start here with a previous thread on how to pay for college: https://www.bogleheads.org/forum/viewtopic.php?t=139345 and here: http://www.forbes.com/sites/troyonink/2015/02/28/paying-for-college-how-to-position-assets-to-qualify-for-more-college-financial-aid/2/ and h...
by Grt2bOutdoors
Tue Jul 28, 2015 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Keep paying the mortgage??
Replies: 66
Views: 6120

Re: Keep paying the mortgage??

Did you not use the services of a licensed attorney? I believe a competent licensed attorney handling the closing for your behalf would have alerted you to obtaining a home inspection before you got the mortgage? I can't believe the mortgage company failed to do due diligence on the property - usual...
by Grt2bOutdoors
Tue Jul 28, 2015 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 72
Views: 6763

Re: Divorce

GoldenFinch wrote:
Grt2bOutdoors wrote:
Toons wrote:"Time Heals All Wounds" :happy


The nasty scars are all that remain as a momento, right?


The "scars" are reminders of the reality of the past and hopefully a reminder to look forward and move on.


You say it as if one needs them........ :oops:
by Grt2bOutdoors
Tue Jul 28, 2015 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 72
Views: 6763

Re: Divorce

There is the petition to file, case information sheet, the financial statements (7 pages), child support worksheets, parenting plan (10 pages), decree, separation agreement (9 pages). Certain forms have to be filed first, then others later, then you have court dates & classes. Then you have to ...
by Grt2bOutdoors
Tue Jul 28, 2015 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Investment Options
Replies: 2
Views: 249

Re: Retirement Investment Options

I'll give you a partial answer. 7% guaranteed is an amazing deal given current interest rates and stock valuations. I'd certainly be happy with it. It also allows you to do tactical asset allocation (aka long-scale market timing) with no drawbacks. The next time the stock market crashes, move 40-60...
by Grt2bOutdoors
Tue Jul 28, 2015 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with approximating total bond market
Replies: 6
Views: 263

Re: Need help with approximating total bond market

Total Bond Market has a bond duration of roughly 5.23 years as of July 27, 2015. Source: http://www.ishares.com for AGG ETF. The index measures the performance of the total U.S. investment-grade bond market. The index includes investment-grade U.S. Treasury bonds, government-related bonds, corporate...
by Grt2bOutdoors
Tue Jul 28, 2015 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up new portfolio
Replies: 17
Views: 1159

Re: Setting up new portfolio

My dad is a stockbroker and is adamant on putting all of it into a financial services mutual fund, but I just wouldn't be able to sleep at night doing that..... What's a "financial services mutual fund"? I would have thought Vanguard qualified. Index funds are mutual funds. Or you can cho...
by Grt2bOutdoors
Tue Jul 28, 2015 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 72
Views: 6763

Re: Divorce

^^ Congrats and best wishes that you never will need the services that start off with Divorce as the lead in the title.
by Grt2bOutdoors
Tue Jul 28, 2015 3:27 pm
Forum: Investing - Theory, News & General
Topic: Interesting Statistic & Assumption on 529 plans
Replies: 9
Views: 696

Re: Interesting Statistic & Assumption on 529 plans

Nothing like paying a 5.75% upfront sale charge to get Junior off to the right start in paying for college! :oops: I'll bet the financial advisor is selling it to the parents and grandparents that they are doing a great thing for their child, they just forgot to mention that it will also help pay fo...
by Grt2bOutdoors
Tue Jul 28, 2015 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 72
Views: 6763

Re: Divorce

Toons wrote:"Time Heals All Wounds" :happy


The nasty scars are all that remain as a momento, right?
by Grt2bOutdoors
Tue Jul 28, 2015 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce [financial implications]
Replies: 72
Views: 6763

Re: Divorce

Thanks for your responses. I'll check the divorce help site. I'm hoping to find some examples of parenting plans and financial distributions. I suspect my wife and I will be able to workout a good (in the context) plan for the kiddo. Assets are another story. I have assets that were accumulated pre...
by Grt2bOutdoors
Tue Jul 28, 2015 2:18 pm
Forum: Investing - Theory, News & General
Topic: Anyone Have a Near Retirement Strategy for Sequence of Return Risk?
Replies: 45
Views: 2514

Re: Anyone Have a Near Retirement Strategy for Sequence of Return Risk?

I always laugh when a poster like "Clive" says : " Own a home, which is like having a roof over your head with all rent paid in advance. The home value also provides a cushion in perhaps ultimately being sold in order to fund care in twilight years." .....they make it sound like...
by Grt2bOutdoors
Tue Jul 28, 2015 1:43 pm
Forum: Personal Consumer Issues
Topic: Would you look down on a co-worker for driving a beater?
Replies: 172
Views: 10618

Re: Would you look down on a co-worker for driving a beater?

Interesting that this thread has gone on for three pages, and no one yet has said yes, I would look down on you, or I know decision makers at my company would look down on it. I don't see what's wrong with driving a clean, quiet beater at any point. The poster who mentioned signaling is correct tha...
by Grt2bOutdoors
Tue Jul 28, 2015 1:38 pm
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6146

Re: wife got in wreck with Honda CRV - no collison coverage

Long ago, well, not that long long ago, my driving instructor said if you are doing 55 on a highway, ideally you want to have a 3 car minimum gap between you and the guy in front of you, otherwise you may not have enough time or space to stop your car before careening into the first car. It's been ...
by Grt2bOutdoors
Tue Jul 28, 2015 1:35 pm
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 32
Views: 2947

Re: Major home renovation your thoughts

Sprinklers in your home? Not cost effective or pleasing to the eye lest you like sprinkler caps in your ceilings. I would also be very concerned about leaks from the lines over the years. Unless you already have water lines running through the ceilings, it's just one more spot for water infiltratio...
by Grt2bOutdoors
Tue Jul 28, 2015 1:28 pm
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 32
Views: 2947

Re: Major home renovation your thoughts

I don't know much about them except they are effective in limiting fat tail risk from a fire, and that we looked at a home owned by a firefighter and he had installed them. Most home fires are in the kitchen so at least having one there seems worth considering. Most home fires in the kitchen are of...
by Grt2bOutdoors
Tue Jul 28, 2015 1:05 pm
Forum: Personal Consumer Issues
Topic: Fuel injector cleaning
Replies: 23
Views: 1144

Re: Fuel injector cleaning

I just called Chevron corporate because I could not find any Chevron stations listed for Tennessee. Was told there are no Chevron nor Texaco stations in and north of Tennessee. Also was told that the same additive is used in Texaco gasoline as is used in Chevron (i.e., Techron) Chevron owns Texaco....
by Grt2bOutdoors
Tue Jul 28, 2015 12:59 pm
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6146

Re: wife got in wreck with Honda CRV - no collison coverage

What does your wife say about all this? She cries about it. She does not agree it was her fault. It was a mess from the day of the accident. A truck dropped cement or a steel beam and caused the first car to stop, then 5 cars after her ran into the back of each other. My wife was the last car. The ...
by Grt2bOutdoors
Tue Jul 28, 2015 9:39 am
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6146

Re: wife got in wreck with Honda CRV - no collison coverage

I would be better off if I had collision on it, but will likely sell it to salvage. I will look for a used (2004-2008)Honda Civic , Accord, or Acura TSX for her. Thank you everybody for the responses. I really appreciate the wisdom here. I will talk with her about a defensive driving class as well....
by Grt2bOutdoors
Tue Jul 28, 2015 8:43 am
Forum: Personal Consumer Issues
Topic: Major home renovation your thoughts
Replies: 32
Views: 2947

Re: Major home renovation your thoughts

Sprinklers in your home? Not cost effective or pleasing to the eye lest you like sprinkler caps in your ceilings. How about this solution - hard-wired combination smoke/fire/carbon monoxide alarms placed in each of the bedrooms and common living areas, just outside of the kitchen (not recommended di...
by Grt2bOutdoors
Tue Jul 28, 2015 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Investing $3,000 for a 1-year old
Replies: 16
Views: 1833

Re: Investing $3,000 for a 1-year old

Your best bet is to open a 529 college savings plan as it can grow tax-deferred and ultimately be tax-free if spent on college expenses. If your state has income tax, there likely is a tax credit available. Most plans have age-based funds that start out aggressively allocated, and gradually pullbac...
by Grt2bOutdoors
Tue Jul 28, 2015 8:13 am
Forum: Investing - Help with Personal Investments
Topic: Investing $3,000 for a 1-year old
Replies: 16
Views: 1833

Re: Investing $3,000 for a 1-year old

Hi everyone, I want to invest $3,000 for my 1-year old daughter and contribute around $10,000 for the next 30 or so years, presumably having her contribute as well once she starts working. I am thinking of Vanguard UGMA/UGTA account but am not sure whether this is the best choice. Is there a viable...
by Grt2bOutdoors
Tue Jul 28, 2015 8:07 am
Forum: Personal Consumer Issues
Topic: Fuel injector cleaning
Replies: 23
Views: 1144

Re: Fuel injector cleaning

Gas itself have additives so you dont need one. However if you still want to use, go to costco and buy chevron fuel system cleaner 6 pack with offers will be around 14 bucks and you can throw on your last gas tank fill before oil change. There are many time where you can get buy1 and get 1 offers i...
by Grt2bOutdoors
Tue Jul 28, 2015 7:57 am
Forum: Personal Consumer Issues
Topic: wife got in wreck with Honda CRV - no collison coverage
Replies: 113
Views: 6146

Re: wife got in wreck with Honda CRV - no collison coverage

I'd never spend $10K to re-inflate a car. Find the safest mid-size or larger you can possibly afford. Volvo comes to mind (something like S60 or larger) but I'm sure there are other similar models. will look into the Volvo, what about $5K to repair the CRV? What is the list of items that need to be...
by Grt2bOutdoors
Mon Jul 27, 2015 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Need a Piece of Evidence on the Boglehead Strategy
Replies: 34
Views: 2854

Re: Need a Piece of Evidence on the Boglehead Strategy

You asked for a piece - would an article from Time Magazine suffice? If the largest pension fund in the country is embracing index investing, why shouldn't the little guy follow the smart money? :D http://time.com/3397072/index-funds/ Here's a more recent article talking about pension funds catching...

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