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Re: Stocks are on sale, should I buy?

I'm buying.......woo-hoo!
by Grt2bOutdoors
Fri Apr 17, 2015 1:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stocks are on sale, should I buy?
Replies: 28
Views: 2708

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

Go Blue 99 wrote:The person that killed him had a BAC of .192:

http://www.ajc.com/news/news/cops-man-w ... re-/nkxC6/


Do the crime, do the time........
by Grt2bOutdoors
Fri Apr 17, 2015 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 76
Views: 12209

Re: Tips for Post-College Lifestyle

It's cool if you want to erase or strike your own written post. It's NOT COOL to strike my posted verbiage. Is there a forum rule about that, or is it just your preference? I'm genuinely curious. It's common courtesy, but I guess I'm old-fashioned that way. If you have an opinion, it's fine to post...
by Grt2bOutdoors
Fri Apr 17, 2015 12:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tips for Post-College Lifestyle
Replies: 53
Views: 2447

Re: Bernstein: "If you've won the game, stop playing."

Most retirees will not live a few decades post retirement, especially if they retire at FRA of 66-67. A couple of decades should be expected, a few decades implies a longer life than current actuarial tables project. Planning to die after a couple of decades doesn't seem like a wise plan to me. Unf...
by Grt2bOutdoors
Fri Apr 17, 2015 12:09 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 59
Views: 4870

Re: Before visiting an estate attorney

exoilman wrote:Is there a site where I might gather some insights or will a good firm guide me before committing to anything?

Thanks
Sam


http://www.nolo.com/legal-encyclopedia/ ... ts-estates
by Grt2bOutdoors
Fri Apr 17, 2015 11:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Before visiting an estate attorney
Replies: 3
Views: 515

Re: Tips for Post-College Lifestyle

Where are you going to be living? e..g with parents, with roommates, etc. Parents! Moving in to the old place :). Add up what it would have cost to rent your own place - rent/utilities, food, etc. Take that money and ... SAVE IT. Open a ROTH IRA. After that, open a taxable investment account and bu...
by Grt2bOutdoors
Fri Apr 17, 2015 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Tips for Post-College Lifestyle
Replies: 53
Views: 2447

Re: Bernstein: "If you've won the game, stop playing."

I'd always be asking: what if you're still around at 120? It's going to presumably become more common .. Retiring in your 60s, that's a long time to keep your capital from getting swallowed up by inflation In principle my favourite portfolio is one you'd be as happy to have at 20 as at 120 .. Somet...
by Grt2bOutdoors
Fri Apr 17, 2015 10:08 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 59
Views: 4870

Re: Bernstein: "If you've won the game, stop playing."

Intend to build a 20-25 year ladder of high quality fixed income securities, both nominal and TIPs representing difference between known and expected stream of payments and estimated expenses. Remainder of portfolio is intended to be held in highly diversified low cost equities portfolio composed of...
by Grt2bOutdoors
Fri Apr 17, 2015 10:06 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: "If you've won the game, stop playing."
Replies: 59
Views: 4870

Re: Will or Trust for 98 year old?

Some states also treat a house owned by a living trust differently than being owned outright or in a life estate. For example, Texas Medicaid treats a house owned outright as exempt, but a house owned by a living trust as a 100% non-exempt asset. It's silly, but nonetheless the law here. That may a...
by Grt2bOutdoors
Fri Apr 17, 2015 9:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Will or Trust for 98 year old?
Replies: 19
Views: 1239

Re: Tips for Post-College Lifestyle

1. Get used to saving AT LEAST 10% in available workplace retirement options at the outset, then move up from there. 2. There is a horrible trend toward very fancy cocktails in the $12-18 range and very fancy craft beers in the $7-10 range. In order to be able to go out and have fun but also be fru...
by Grt2bOutdoors
Fri Apr 17, 2015 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Tips for Post-College Lifestyle
Replies: 53
Views: 2447

Re: Will or Trust for 98 year old?

Does anyone else find the lawyer's comment that it's too late to put the house in a Trust bizarre? No, the attorney spoke the truth. The likelihood that the aunt will live past 7 years in virtually nil, the IRS actuarial tables don't lie. The reason for placing the home in a trust is to start the c...
by Grt2bOutdoors
Fri Apr 17, 2015 9:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Will or Trust for 98 year old?
Replies: 19
Views: 1239

Re: Will or Trust for 98 year old?

Many thanks to all of you. Ok, so I need a new lawyer and the trust will just be another big expense. I was very interested in the link to the website for the DIY probate. I did not know that was an option. I appreciate the help and I find this to be an amazing forum with knowledge of just about an...
by Grt2bOutdoors
Fri Apr 17, 2015 8:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Will or Trust for 98 year old?
Replies: 19
Views: 1239

Re: New Mortgage Servicer - Seneca

Pay the mortgage as agreed upon. Keep a record of all payments, you can usually log on to your mortgage account and print a copy of the last 12-24 months activity (keep it in your records if you can print it). Make sure they pay any escrow related items like taxes and home insurance. Other than that...
by Grt2bOutdoors
Fri Apr 17, 2015 8:35 am
 
Forum: Personal Finance (Not Investing)
Topic: New Mortgage Servicer - Seneca
Replies: 7
Views: 352

Re: Tips for Post-College Lifestyle

Where are you going to be living? e..g with parents, with roommates, etc. Parents! Moving in to the old place :). Add up what it would have cost to rent your own place - rent/utilities, food, etc. Take that money and SAVE IT. Open a ROTH IRA. After that, open a taxable investment account and buy to...
by Grt2bOutdoors
Fri Apr 17, 2015 8:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Tips for Post-College Lifestyle
Replies: 53
Views: 2447

Re: Tips for Post-College Lifestyle

livesoft wrote:Sign up for Tinder if you haven't already.


What is Tinder? something like Match.com?
by Grt2bOutdoors
Fri Apr 17, 2015 8:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Tips for Post-College Lifestyle
Replies: 53
Views: 2447

Re: Tips for Post-College Lifestyle

Where are you going to be living? e..g with parents, with roommates, etc. Parents! Moving in to the old place :). Add up what it would have cost to rent your own place - rent/utilities, food, etc. Take that money and SAVE IT. Open a ROTH IRA. After that, open a taxable investment account and buy to...
by Grt2bOutdoors
Fri Apr 17, 2015 8:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Tips for Post-College Lifestyle
Replies: 53
Views: 2447

Re: Tips for Post-College Lifestyle

Any recommendations? I'll be graduating in May in undergrad with no debt, and am looking for tips specifically on what NOT to do that will little by little slow my advancement to financial freedom. Hoping to retire here at 30, going to try my hardest to make that happen! Mr Money Moustache is one o...
by Grt2bOutdoors
Fri Apr 17, 2015 8:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Tips for Post-College Lifestyle
Replies: 53
Views: 2447

Re: Tips for Post-College Lifestyle

aceoperations wrote:See my signature. :sharebeer good luck!


Thanks for using my quote! :wink:
by Grt2bOutdoors
Fri Apr 17, 2015 8:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Tips for Post-College Lifestyle
Replies: 53
Views: 2447

Re: House down payment vs. more retirement savings

Buying a house is a life style choice. It may be a great one for a stay at home mom with two children. Today married couples are starting families and home buying later than in the past. Houses (and children) are expensive and time consuming. You seem to have a good focus on saving for retirement s...
by Grt2bOutdoors
Fri Apr 17, 2015 7:59 am
 
Forum: Investing - Help with Personal Investments
Topic: House down payment vs. more retirement savings
Replies: 19
Views: 1537

Re: House down payment vs. more retirement savings

Thanks for the reply. We currently are maxing our pre-tax retirement contributions and saving for the house down payment would not affect that - the question is just about our additional $4k/month (beyond maxing pre-tax retirement contributions) and whether we should also be saving that for retirem...
by Grt2bOutdoors
Fri Apr 17, 2015 7:51 am
 
Forum: Investing - Help with Personal Investments
Topic: House down payment vs. more retirement savings
Replies: 19
Views: 1537

Re: Investment made for emotional reasons--do they work out?

Ahh, family - know that you and your husband are not alone. Everyone has something or some issue at some point in time during their life. What you're asking can not really be answered by us, as there are many involved (or not so involved at the moment) parties to what ever choice your SIL and husban...
by Grt2bOutdoors
Fri Apr 17, 2015 7:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment made for emotional reasons--do they work out?
Replies: 8
Views: 730

Re: Will or Trust for 98 year old?

Hi, I help out a very active, totally sharp 98 year old aunt. I have a POA and do all her bill pay for her, I also have her health care proxy. I started thinking about probate (when the time comes and if there is any money left) and I know this lawyer is going to take a nice piece of the small esta...
by Grt2bOutdoors
Fri Apr 17, 2015 7:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Will or Trust for 98 year old?
Replies: 19
Views: 1239

Re: How much riskier are munis than treasuries?

But, are they really that much riskier in terms of the odds of "losing your shirt" or the munis dropping 20-50% while the treasuries do not [again, in a diversified fund of hundreds/thousands of issuers]? I find that highly unlikely. It is highly unlikely but not impossible. Both muni's a...
by Grt2bOutdoors
Thu Apr 16, 2015 7:38 am
 
Forum: Investing - Theory, News & General
Topic: How much riskier are munis than treasuries?
Replies: 32
Views: 3724

I and EE Bonds - What will the new rate be?

An informal poll with 2 weeks to go until the Treasury department announces the new fixed and variable rate for the Series I bond and the new fixed rate for the Series EE bond, what do you think the new rates will be for those bonds?
by Grt2bOutdoors
Thu Apr 16, 2015 7:27 am
 
Forum: Investing - Theory, News & General
Topic: I and EE Bonds - What will the new rate be?
Replies: 18
Views: 2026

Re: How Many Credit Cards Do You Have Open?

I want to close one of my three credit cards as I barely use it now, and it has an annual fee. But it's the oldest of only 3, and it accounts for about 40% of my credit limit. I'm afraid it might hurt my credit score. Any truth to that? I use a credit simulator for one of my cards, it says if I clo...
by Grt2bOutdoors
Wed Apr 15, 2015 3:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards Do You Have Open?
Replies: 25
Views: 1485

Re: 2015 net worth survey

Only 98 people took the survey, 27 less than the age of 35 same as our age range, 18 with less than 130k debt (our mortgage), 9 with a portfolio greater than 250k excluding home equity. These numbers seem very low to me. The survey does not distinguish between the type of property owned (single fam...
by Grt2bOutdoors
Wed Apr 15, 2015 3:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2015 net worth survey
Replies: 20
Views: 2834

Re: [retired guy said] terrible crash is coming

That's nice.....and in other news today, the Dow Jones Industrial Average closed up as did the CSRP Total US Stock Market Index. :D
And now for the weather report............................. :twisted:
by Grt2bOutdoors
Wed Apr 15, 2015 3:43 pm
 
Forum: Investing - Theory, News & General
Topic: [retired guy said] terrible crash is coming
Replies: 66
Views: 6905

Re: How Many Credit Cards Do You Have Open?

I want to close one of my three credit cards as I barely use it now, and it has an annual fee. But it's the oldest of only 3, and it accounts for about 40% of my credit limit. I'm afraid it might hurt my credit score. Any truth to that? I use a credit simulator for one of my cards, it says if I clo...
by Grt2bOutdoors
Wed Apr 15, 2015 2:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards Do You Have Open?
Replies: 25
Views: 1485

Re: How Many Credit Cards Do You Have Open?

Business Amex for rentals Amex for 6% cash back on groceries and 3% back on gas Citicard 2% cash back on everything (my daily go to card) Nordstrom MasterCard I keep because I shop a lot there and it's one of my oldest cards Banana Republic I rarely use but keep because it's one of my oldest cards ...
by Grt2bOutdoors
Wed Apr 15, 2015 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards Do You Have Open?
Replies: 25
Views: 1485

Re: Would you invest your house down payment?

No! Monies needed in 5 years or less belong in an FDIC insured savings account. Did you ask your wife? Honey, is it okay if I invest our down-payment money? We could make maybe 6% per year, we could also lose 50% of it overnight? Let me know how that conversation goes over. Fastest way to get in mar...
by Grt2bOutdoors
Wed Apr 15, 2015 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Would you invest your house down payment?
Replies: 22
Views: 1783

Re: How Many Credit Cards Do You Have Open?

Four or is it five? - each has a different cut-off date, yes I maximize use of my cash flow and play the credit float game from time to time. :wink: Actually, it's more like which card has the best rewards discount going on that particular month and at which stores. Otherwise, I use one card as my m...
by Grt2bOutdoors
Wed Apr 15, 2015 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards Do You Have Open?
Replies: 25
Views: 1485

Re: 2015 net worth survey

I am new to investing. I looked up bogleheads 2015 net worth survey. Should I take this survey with a grain of salt? I just want to know where we stand. You should be inspired. But a little salt on one's food never hurts either. :wink: Everyone's situation is different, I wouldn't put to much stock...
by Grt2bOutdoors
Wed Apr 15, 2015 2:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: 2015 net worth survey
Replies: 20
Views: 2834

Re: Raising well-adjusted children when you're "rich"?

For "rich" people, they do not socialize with normal people to begin with. Why are "rich people" and "normal people" mutually exclusive and even if they were why do you assume they would not socialize together? My town is segregated, there are 2 areas that are clearly ...
by Grt2bOutdoors
Wed Apr 15, 2015 11:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Raising well-adjusted children when you're "rich"?
Replies: 43
Views: 3377

Re: Raising well-adjusted children when you're "rich"?

A lot of toys are cheap. You don't need to be "rich" to buy toys. They can be educational and worthwhile. There are lots of ways for someone of means to waste money and engage in excess consumption, but generally, buying toys is not in that category. My child has an Ipad, has had one for ...
by Grt2bOutdoors
Wed Apr 15, 2015 11:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Raising well-adjusted children when you're "rich"?
Replies: 43
Views: 3377

Re: Raising well-adjusted children when you're "rich"?

My point was that even a "good" public school usually pales in comparison to private schools. A public school that can compare to a private school is very, very rare. I guess I grew up in "rarefied air", it's called New York City and the public school system there is nothing to ...
by Grt2bOutdoors
Wed Apr 15, 2015 11:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Raising well-adjusted children when you're "rich"?
Replies: 43
Views: 3377

Re: What to do...

Continue leasing the rig until you have a 20-40% down payment on new vehicle in cash.
You should never place your castle at risk for that of a depreciating vehicle. Although you can sleep in those cabs, I highly doubt you'd like to give up your house for the truck if things went south financially.
by Grt2bOutdoors
Wed Apr 15, 2015 10:05 am
 
Forum: Investing - Help with Personal Investments
Topic: What to do...
Replies: 13
Views: 1225

Re: Birth Gift Strategy

You could put it in a trust, but the legal fees alone will cost you a few K, not very practical from an economic point of view. Put it an a UTMA and be done with it - if you want it to grow. The dividends will not be significant enough to require a tax filing, at least in the next 10 or 15 years, es...
by Grt2bOutdoors
Wed Apr 15, 2015 10:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Birth Gift Strategy
Replies: 11
Views: 1134

Re: Haliburton vs. Exxon as a buy and hold

I am thinking of a large position in Chesapeake energy at these levels. They have proven shale reserves in texas of $15 billion. Carl Icahn is no dummy. When I read your statement the first sentiment is sort of like the broker who calls me up to pitch something. That is a pretty poor argument for s...
by Grt2bOutdoors
Wed Apr 15, 2015 7:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Haliburton vs. Exxon as a buy and hold
Replies: 40
Views: 3306

Re: Haliburton vs. Exxon as a buy and hold

RDS/A is solid 6% dividend. I also like Chevron. Solid you say?, that's why they are borrowing to pay it right? Exxon's dividend is the most solid of all of them. Even Chevron has admitted it will be cash flow negative after paying cap ex and dividend, so they are pursuing asset sales, reduced cap ...
by Grt2bOutdoors
Wed Apr 15, 2015 7:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Haliburton vs. Exxon as a buy and hold
Replies: 40
Views: 3306

Re: Review our current finances - What else we should do?

Why so much cash? You might consider taking some of that and kickstarting the kids 529. Say take 50k and put 30 in the 8yo and 20 in the 3yo plan. Then contribute going forward per what you perceive you will need. Perhaps an HSA as stealth IRA if you don't have too high medical bills each year. $30...
by Grt2bOutdoors
Tue Apr 14, 2015 3:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Review our current finances - What else we should do?
Replies: 15
Views: 1933

Re: Couple Just Starting Out--General Porfolio/Life Advice

Hello and welcome to the forum! Congratulations on your marriage. First thing I'd do with any disposable income is focus on paying down those 8% and 6% student loans. You will not find any investment providing a guaranteed rate that high - anywhere! Investment in the IRA's should be in a Target Reti...
by Grt2bOutdoors
Tue Apr 14, 2015 3:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Couple Just Starting Out--General Porfolio/Life Advice
Replies: 7
Views: 711

Re: Talking to People About Retirement

I'd just downplay the situation by saying things such as: Yeh, I feel very fortunate to be in this situation… We've been planning for this for a long time and I'm happy it's working out… Not sure when I'll file for SS; I'll be doing some research on my options… Don't worry about making people jealo...
by Grt2bOutdoors
Tue Apr 14, 2015 9:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Talking to People About Retirement
Replies: 70
Views: 6287

Re: Does your family know about your net worth (ball park)?

From looking at the recent annual income poll result, I think most BHs are already millionaires or will become one. Q1. Does your family (parents, siblings) know about your net worth (ball park figure)? My parents do. My in-laws know I'm a good financial steward of assets, but we've never talked am...
by Grt2bOutdoors
Tue Apr 14, 2015 8:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 85
Views: 8107

Re: Talking to People About Retirement

When I retired, at 55, I was warned by a co-worker about telling my accounts that I was retiring. He said "people won't be happy for you". He was right! Tell them you've paid off your mortgage, have no credit card debt or auto loans and your kids don't have college loans either. That way ...
by Grt2bOutdoors
Tue Apr 14, 2015 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Talking to People About Retirement
Replies: 70
Views: 6287

Re: How to Prepare for a Baby

Eat healthy before and after birth. You will need a ton of energy to keep up with the demands. Empty calories don't help all of the time, just some of the time. Set the DVR to record, you won't be able to watch entire shows/events in one sitting. Learn how to change a diaper, swaddle a baby and how ...
by Grt2bOutdoors
Tue Apr 14, 2015 7:54 am
 
Forum: Personal Finance (Not Investing)
Topic: How to [Financially] Prepare for a Baby
Replies: 42
Views: 3512

Re: investment sanity check

If you want to be more risky, you should purchase a sliver of Small Cap Value (VBR or it's mutual fund equivalent) - it holds a decent slug of mid-caps in it. The other option to diversify your International ex-US fund is either VSS (mutual fund equivalent) that holds foreign small/midcap equities o...
by Grt2bOutdoors
Tue Apr 14, 2015 7:44 am
 
Forum: Investing - Help with Personal Investments
Topic: investment sanity check
Replies: 5
Views: 473

Re: VPN killing my Internet

That seems odd, when I connect to my VPN it seems to accelerate the connection speed. Have you reached out to your technical support desk that covers VPN issues for your business?
by Grt2bOutdoors
Tue Apr 14, 2015 7:41 am
 
Forum: Personal Consumer Issues
Topic: VPN killing my Internet
Replies: 30
Views: 2415

Re: let's focus on reality

How many retired heterosexual couples have the BMI that the two in the photo have? 1%, maybe. How many males over the age of 65 wear decorative scarves? 1%, maybe. How can I accept any of the words when the photo is so unrealistic? 1% of people over 65 aren't fat? Really? I'd say 70% or so are fat,...
by Grt2bOutdoors
Tue Apr 14, 2015 7:38 am
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 8864

Re: TAXES...oh...taxes...

You aren't doing anything wrong - $6K on $280K of principal is roughly a 2.1% yield, which also happens to be the yield of the Total Stock Market and Total International Stock Indexes. You could elect to NOT reinvest the dividends, saving about 25% or $1,500 for taxes and then reinvest the remainder...
by Grt2bOutdoors
Mon Apr 13, 2015 8:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: TAXES...oh...taxes...
Replies: 27
Views: 2861

Re: Finally some good news on retirement

Social Security is not going to go away - and news for them "it's not an entitlement if you've paid for it". I thought it was an entitlement precisely BECAUSE we've paid for it. What am I missing? What your missing is the context of how they use the word entitlement. The context is "...
by Grt2bOutdoors
Mon Apr 13, 2015 7:53 pm
 
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 8864
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