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Re: No 401k plan

In that case, your next best friend's name is IRA - Individual Retirement Account. After that, any monies that can be invested should be in a low-cost tax efficient investment like Total Stock Market Index - notice, I did not say Vanguard. Most times, folks may not be able to put down $3K or even $1...
by Grt2bOutdoors
Tue Sep 02, 2014 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: No 401k plan
Replies: 6
Views: 312

Re: Next phase of minimizing taxes for high-income household

Thanks everyone for their input thus far. - The UGMA/UTMA option seems interesting as it would allow for up to $2k in dividends & capital gains to go tax free. How would I go about constructing funds such that it generates roughly $2k for 21 years? Looking at VTI distributions on morningstar, e...
by Grt2bOutdoors
Tue Sep 02, 2014 4:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Next phase of minimizing taxes for high-income household
Replies: 33
Views: 3236

Re: Help With 401K Choices

Let me take a crack at this one ... you have quite a few good funds to choose from. Here are the top few I would choose from. VANGUARD INST INDEX (VINIX) VANG MIDCAP IDX INST (VMCIX) VANGUARD WELLINGTON (VWENX) VANGUARD LT TRESURY (VISUX) SPTN INTL INDEX INS (FSPNX) SPTN US BOND IDX IS (FXSTX) Agre...
by Grt2bOutdoors
Tue Sep 02, 2014 4:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help With 401K Choices
Replies: 2
Views: 228

Re: 78-yr old needs IRA mutual fund guidance.

Based on the above, RMD's represent 4.926108% of $140K balance.
How much more is the OP seeking to be able to meet expenses?
How much is the condo worth? Is a reverse mortgage a future option to be considered? (this is a question, not a suggestion to undertake this option).
by Grt2bOutdoors
Tue Sep 02, 2014 3:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: 78-yr old needs IRA mutual fund guidance.
Replies: 5
Views: 324

Re: Fantasy football debt owed

It's a fantasy....good luck collecting. :P
by Grt2bOutdoors
Tue Sep 02, 2014 1:30 pm
 
Forum: Personal Consumer Issues
Topic: Fantasy football debt owed
Replies: 27
Views: 1736

Re: Buy a 30 and 20 term policy at the same time?

Given the source of information, I would not pay any heed to it. Instead, I would shop at term4sale or accuquote.com or use an independent non-affiliated insurance agency to shop for the best policy that fits your needs. NWM is notorious for peddling their whole-life product, I know this because the...
by Grt2bOutdoors
Tue Sep 02, 2014 12:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy a 30 and 20 term policy at the same time?
Replies: 13
Views: 718

Re: Process to gift securities to UGMA

Pay the small amount of taxes due on the $1900 cap gains Aren't you forgetting the "Kiddie Tax" which will cause this to be taxed at your marginal rate? Gill The first $1K of gains/interest/dividends is tax exempt, the second $1K is taxed at the childs rate of 10%, anything after $2K is t...
by Grt2bOutdoors
Tue Sep 02, 2014 10:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Process to gift securities to UGMA
Replies: 7
Views: 328

Re: Determining who makes it past age 90?

Nobody knows nuthin! It's all pretty much a crapshoot after avoiding the known causes of premature death, everything else is a guess.
Went for a health check, doctors says your results are "great", but the numbers could be better. :o My response: any lower and I'll be six feet under.
by Grt2bOutdoors
Tue Sep 02, 2014 9:52 am
 
Forum: Personal Consumer Issues
Topic: Determining who makes it past age 90?
Replies: 32
Views: 1676

Re: Does your employer still offer pensions to new hires?

They don't call it ClubFed for nothing. The defined benefit pension is 2% per year of service, taking the highest 3 out of last 5 years of salary and it's COLA'd. Do 30 years and walk out with 60% of salary. You have the option of taking the annual pension or cashing out at retirement. The 401k pla...
by Grt2bOutdoors
Mon Sep 01, 2014 9:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does your employer still offer pensions to new hires?
Replies: 54
Views: 3690

Re: Does your employer still offer pensions to new hires?

I work for the Fed and we still have a pretty sweet pension. Not sure about all the specifics but many of my friends who retired and come back to visit say it provides quite a big benefit and they aren't hurting for cash. The Fed also has retiree health benefits for those who work at least ten year...
by Grt2bOutdoors
Mon Sep 01, 2014 4:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does your employer still offer pensions to new hires?
Replies: 54
Views: 3690

Re: Help Please: Retirement plan vs. Higher Salary

Take the cash.......and pay off those student loans ASAP.
Open a ROTH IRA for you and your intended. Make sure you have plenty of life insurance on yourself payable to her, she's giving up her survivor's benefit.
by Grt2bOutdoors
Mon Sep 01, 2014 3:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help Please: Retirement plan vs. Higher Salary
Replies: 31
Views: 2164

Re: Shorten Mortgage or 401K or something else

1. Annual Income of $130K. Will get a pay raise of $10K effective September 2014, making our annual income $140K. use the raise to increase the percentage you contribute to 401k 3. Will get a bonus of $11000 ( before taxes ) in November 2014 ( know it based on the goals achieved since the company's...
by Grt2bOutdoors
Mon Sep 01, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Shorten Mortgage or 401K or something else
Replies: 15
Views: 960

Re: How does this portfolio look like?

Current investment has been managed by an advisor, and I'm starting to move a portion of taxable into Vanguard to implement a self-managed portfolio. Suppose all other aspects are taken care of, such as emergency fund, retirement contribution and taxable/tax-deferred spaces, how does the following ...
by Grt2bOutdoors
Mon Sep 01, 2014 3:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: How does this portfolio look like?
Replies: 6
Views: 500

Re: Investments for Kids

I use Total Stock Market Index and Total International Index for my child's UTMA account. Another good choice may be a fund like Lifestrategy Growth - set it and forget it.
by Grt2bOutdoors
Sat Aug 30, 2014 8:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investments for Kids
Replies: 15
Views: 971

Re: milestones, skepticism, wealth creation. A thought

I read about your ratio, but thought of another one that might indicate something. The ratio I thought of comes from one's tax return: Line 9a / Line 8a That would Taxable Ordinary Dividends / Taxable Interest. Here is my thinking on this: If one is saving a lot, then they will have maxed out their...
by Grt2bOutdoors
Fri Aug 29, 2014 12:55 pm
 
Forum: Investing - Theory, News & General
Topic: milestones, skepticism, wealth creation. A thought
Replies: 15
Views: 1676

Paper: Let's Save Retirement

Here's the link to a report that was recently published comparing the US Retirement System to the Australian Superannuation program. It also discusses how pension plans from the best funded countries work.

http://papers.ssrn.com/sol3/papers.cfm? ... wnload=yes
by Grt2bOutdoors
Fri Aug 29, 2014 11:10 am
 
Forum: Investing - Theory, News & General
Topic: Paper: Let's Save Retirement
Replies: 0
Views: 378

Re: Poor Janus, a look at this once high flying fund family

Brings back memories of my pre-boglehead days. :oops: Janus Fund, Janus Twenty, Janus Worldwide. Also Lindner Dividend Fund, Scudder International, Financial Industrial Income Fund. You have to be of a certain age to have even heard of these funds. :wink: The Financial funds! - now they are Invesco.
by Grt2bOutdoors
Fri Aug 29, 2014 10:09 am
 
Forum: Investing - Theory, News & General
Topic: Poor Janus, a look at this once high flying fund family
Replies: 69
Views: 6365

Re: Poll: How many own zero/few stocks?

I hold index funds and individual equities (many). My retirement money is in index funds (the vast majority of assets). Don't take risk with more than you can afford to lose. I have had winners, and outright losers - the winners more than made up for the losers, but things can change on a dime, incl...
by Grt2bOutdoors
Fri Aug 29, 2014 9:56 am
 
Forum: Investing - Help with Personal Investments
Topic: [Sell off individual stocks?] How many own zero/few stocks?
Replies: 68
Views: 2686

Re: Index Stategy Question

What did your finance professor recommend as sources?
by Grt2bOutdoors
Fri Aug 29, 2014 9:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Index Stategy Question
Replies: 10
Views: 636

Re: Poor Janus, a look at this once high flying fund family

Janus fund holders would have done much much better if they had just liquidated and purchased the parent company's stock - Kansas City Southern (KSU).
by Grt2bOutdoors
Fri Aug 29, 2014 9:25 am
 
Forum: Investing - Theory, News & General
Topic: Poor Janus, a look at this once high flying fund family
Replies: 69
Views: 6365

Re: A Low-Return Future? Are We Prepared?

Remain calm! All is well! There are a number of ways around lower returns, all of which requires some level of sacrifice: save more, lower your expectations of what retirement may look like, work longer, reduce consumption now. I expect this will work for the majority of Bogleheads, it will not work...
by Grt2bOutdoors
Thu Aug 28, 2014 7:48 pm
 
Forum: Investing - Theory, News & General
Topic: A Low-Return Future? Are We Prepared?
Replies: 179
Views: 10529

Re: My husband's " WILL", $ left for me to live on....

Divorce is not an option for me because beside this money matter, everything is just fine. But he is always has been very cautious with his money. As few people mentioned here, another option for me to go back to work and save. But there is a "but"....If I go back to work, he will expect ...
by Grt2bOutdoors
Thu Aug 28, 2014 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17011

Re: My husband's " WILL", $ left for me to live on....

InvestorNewb wrote:No offense, but are we being trolled? Is this post legit? :?:


If we are, I just used my 10,000th post on recommending a divorce attorney's services. :D
by Grt2bOutdoors
Thu Aug 28, 2014 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17011

Re: My husband's " WILL", $ left for me to live on....

You will have 1.1 million (current value) in assets at your husband's death if the will is distributed as written. 500,000 house 100,000 CD 100,000 estate 200,000 life insurance 200,000 life insurance child There are many options for you. Reverse mortgage, Sell house, invest proceeds and rent, part...
by Grt2bOutdoors
Thu Aug 28, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17011

Re: My husband's " WILL", $ left for me to live on....

cashinstinct wrote:He talks about government assistance for you and your child that you had together ... with his 7 M$ net worth ?

+1 on marital counseling / frank discussion.


Better than that - divorce attorney! After the courts are done with him, especially with minor in picture..........
by Grt2bOutdoors
Thu Aug 28, 2014 3:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: My husband's " WILL", $ left for me to live on....
Replies: 258
Views: 17011

Re: Help wanted: After 20+ years finally looking at expenses

The current portfolio as shown has a significant amount of overlap - two equity and income funds?, three balanced funds, a sector fund (materials), two tax-free funds. Not sure what the reasoning was to create such a complicated portfolio. This could be considered normal if there are different kind...
by Grt2bOutdoors
Thu Aug 28, 2014 3:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help wanted: After 20+ years finally looking at expenses
Replies: 13
Views: 1806

Re: Mortgages and financial freedom

Where I live, on Long Island, property taxes and insurance is more than 50% of my total mortgage payment. So paying off my mortgage principal would still leave me with around $2000 month payment for taxes and insurance. Ouch... Here in Kansas City, I went from paying $3000 a month for everything, t...
by Grt2bOutdoors
Thu Aug 28, 2014 1:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6697

Re: What's "The Herd" doing today?

They are buying utilities at 22x earnings for a 3% growth rate. Source - water cooler talk about specific "growth stocks". :oops: They are going for yield buying natural resource production master limited partnerships with 12% yields. Source: two of my relatives. :o They are waiting for th...
by Grt2bOutdoors
Thu Aug 28, 2014 12:50 pm
 
Forum: Investing - Theory, News & General
Topic: What's "The Herd" doing today?
Replies: 52
Views: 3425

Re: I have 1M in Vanguard. Start Diversifying to Real Estate

I am 29 years old, and I currently have a 65 stock 45 bond asset allocation on my Vanguard portfolio. I have a business that earns a low-mid 6 figure income, and should run for at least 3 more years. I am aiming for retirement if I can hit 4M in my portfolio. We have recently sold our house for $40...
by Grt2bOutdoors
Thu Aug 28, 2014 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: I have 1M in Vanguard. Start Diversifying to Real Estate?
Replies: 41
Views: 5585

Re: Help wanted: After 20+ years finally looking at expenses

You will get maximum feedback from others on the forum if you state what advice you like to receive and list how your portfolio is structured by percentages of each fund held. I can assure you of this, no one is going to like the fees you listed. The current portfolio as shown has a significant amou...
by Grt2bOutdoors
Thu Aug 28, 2014 12:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help wanted: After 20+ years finally looking at expenses
Replies: 13
Views: 1806

Re: Taking control now; please look at my current fund lineu

Hello and welcome to the forum! What are your gains and losses in those funds? Frankly, I think it's ridiculous to be paying a 12-b-1 fee not to mention some of those expense ratios for the funds themselves are a bit high. But then to add insult the adviser charges you on top of it! I hope you were ...
by Grt2bOutdoors
Thu Aug 28, 2014 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Help wanted: After 20+ years finally looking at expenses
Replies: 13
Views: 1806

Re: Your thoughts on farmland values

Last night I saw a program whose topic just so happened to involve the farmers in the northern part of the US that are unable to get their crops to market courtesy of CP and BNSF railroads which have a 13 week backlog of getting railcars out to the farmers. :o So much for operational efficiency. Why...
by Grt2bOutdoors
Thu Aug 28, 2014 9:41 am
 
Forum: Investing - Theory, News & General
Topic: Your thoughts on farmland values
Replies: 29
Views: 2412

Re: How to safely sell a big ticket item online

rsterbal wrote:It seems like asking to see a state issued ID in conjunction with these plans might be appropriate.


Those can be forged too! Though in my state drivers licenses are issued with background holograms of the state seal and a chip.
by Grt2bOutdoors
Thu Aug 28, 2014 9:29 am
 
Forum: Personal Consumer Issues
Topic: How to safely sell a big ticket item online
Replies: 42
Views: 2291

Re: How to safely sell a big ticket item online

After reading about all these "scams" of how people try to con others out of money, goods, services :shock: :shock: , this world has really gone to the pits......
by Grt2bOutdoors
Thu Aug 28, 2014 9:28 am
 
Forum: Personal Consumer Issues
Topic: How to safely sell a big ticket item online
Replies: 42
Views: 2291

Re: Hit a financial milestone at an age milestone

I must say I hadn't quite expected the last batch of replies which include a bit of skepticism. Feel free to believe or not believe any of it. 17.5K 401k 35K 403b/457 (no match) 24K taxable investment (2K/month) 11K Roth IRAs AGI: 150K Taxable income (line 43): 110K Federal Tax: 18K Effective Tax: ...
by Grt2bOutdoors
Thu Aug 28, 2014 9:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4910

Re: Hit a financial milestone at an age milestone

There isn't anything that I could add except CONGRATS. You made no mistakes and even your one individual stock was a gem. Perfect family, both working steadily and controlling spending, house in California, thinking and LIVING frugally, and socking it away. I have learned in this long life, that it...
by Grt2bOutdoors
Thu Aug 28, 2014 9:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4910

Re: AA of 60/40 for your Lifetime?

I think a legitimate argument could be made. It seems to me that the more you can save the less need their is to have a high allocation to stocks. I kind of wonder about individuals who have six figure salaries, can save 20%+ of their earnings annually, and still have 90-100% of their investments i...
by Grt2bOutdoors
Wed Aug 27, 2014 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA of 60/40 for your Lifetime?
Replies: 27
Views: 2310

Re: Savers vs. Spenders: Default Mode

I think it's hard for most people to save because most people just don't make that much money. In my opinion, saving is more of a privilege than a norm. Ever experienced deprivation? Deprivation of food, heat, comfort, health care? Which is harder on the soul and body? saving or being deprived due ...
by Grt2bOutdoors
Wed Aug 27, 2014 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 2190

Re: Mortgages and financial freedom

I have been debt free for a number of years now. Long before I learned how to invest properly. . When I owe money, there are extra restrictions placed on my life. I have chosen to eliminate those restrictions. That increases my freedom. I don't think it has much impact on my financial freedom becau...
by Grt2bOutdoors
Wed Aug 27, 2014 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6697

Re: Help with specific COL calculations: Midwest vs Coastal

$1,500 per month rent? What size apartment are you considering? Let me put it into context for you using your live in NJ work in NYC example. You could rent a 1 bedroom apartment/studio in Hoboken, NJ if you want a cosmopolitan lifestyle, easy 20 minute train ride to NYC but there is literally no pa...
by Grt2bOutdoors
Wed Aug 27, 2014 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Help with specific COL calculations: Midwest vs Coastal City
Replies: 11
Views: 633

Re: Leaving Ameriprise

You need to ask yourself if you really want 'Friends' like this anyway. :? From the advisor's perspective she's offering them a valuable service and Gnirk is making a mistake moving away (we may know better but she doesn't). She's not berating Gnirk or trying to make him feel bad... but she does fe...
by Grt2bOutdoors
Wed Aug 27, 2014 10:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Leaving Ameriprise
Replies: 10
Views: 1089

Re: Hit a financial milestone at an age milestone

2.2 million by age 40, with two kids, and international vacations? Head spinning... 200K in annual income is a substantial number....the average income is $56K, they are 3.5x that figure. A great accomplishment on their part :sharebeer but you have to view this in proper context. The amount you acc...
by Grt2bOutdoors
Wed Aug 27, 2014 10:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit a financial milestone at an age milestone
Replies: 50
Views: 4910

Re: 401(k) question - lawyer/oil and gas worker/airline empl

Lawyer - employer contributes 2% to my 401k. I have access to vanguard admiral funds. I don't know what else is available. I have heard from clients in the oil and gas industry that their employers match 401k 100% up to the max, but I don't know if I entirely believe that. Believe it. Tech, healthc...
by Grt2bOutdoors
Wed Aug 27, 2014 10:29 am
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) poll - lawyer/oil and gas worker/airline employee?
Replies: 29
Views: 1739

Re: Term Life Insurance Help

Mine does have term portability, but a max of $500k and it does make me nervous to not know the costs as they relate to the age bands or if my company changes insurers. You could use your employer group insurance as a secondary, temporary insurance, discontinuing it when you leave the company or th...
by Grt2bOutdoors
Tue Aug 26, 2014 2:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Help
Replies: 16
Views: 707

Re: Leaving Ameriprise

Obviously the adviser doesn't value you quite so highly. That was a cold remark on her part.
by Grt2bOutdoors
Tue Aug 26, 2014 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Leaving Ameriprise
Replies: 10
Views: 1089

Re: What to do with individual stock I received?

What do you mean they "gifted" it to you? If you inherited on their death(s), it has a stepped-up value as of the date of death. That is different than if they gave it to you while still living. Twenty plus (more like 23-24, but who's counting) years ago that stock was trading at roughly ...
by Grt2bOutdoors
Tue Aug 26, 2014 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with individual stock I received?
Replies: 42
Views: 1924

Re: What to do with individual stock I received?

Thanks for the advice, everyone. I think I am leaning towards selling the stock and distributing it into index funds according to my AA. I agree with those who have said it doesn't make sense to be this concentrated in a single stock. Also, no, I don't know what my basis is in it yet (I am working ...
by Grt2bOutdoors
Tue Aug 26, 2014 2:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with individual stock I received?
Replies: 42
Views: 1924

Re: Husband rear-ended, driver ignoring his insurance

You will be paid out - you did state that the driver at fault maintained valid insurance from State Farm, correct? If State Farm fails to pay you correct restitution for the policyholder's at fault accident, get yourself an attorney or you can sue them in small claims court but this would be a last ...
by Grt2bOutdoors
Tue Aug 26, 2014 1:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Husband rear-ended, driver ignoring his insurance
Replies: 44
Views: 4938

Re: Term Life Insurance Help

Do not overlook the potential Social Security death benefits your wife and offspring will receive through age 18, it can be substantial indeed. Given your income, you are maxing out S.S. FICA tax each year, therefore you would likely receive somewhere on the order of 4500+ maximum family benefits. G...
by Grt2bOutdoors
Tue Aug 26, 2014 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance Help
Replies: 16
Views: 707

Re: Mortgages and financial freedom

I haven't read all the responses, but I am on the other end of the typical Boglehead extreme and am probably a bit too comfortable with debt. I think of leverage - particularly long term fixed rate tax deductible leverage - as a powerful tool. It has enabled me to accumulate a very large asset base...
by Grt2bOutdoors
Tue Aug 26, 2014 1:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 6697
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