Search found 10718 matches

Return to advanced search

Re: Helping out family members

I am compassionate and empathetic to others misfortunes. I also believe you enter this world with a clean slate - what you do here during your time either maintains balance, creates positive energy or detracts from it. You can forgive for one-time incidents but when there is a clear and distinct pat...
by Grt2bOutdoors
Thu Dec 18, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Helping out family members
Replies: 64
Views: 4141

Re: 529 Plan - Need AA Help, Torn between UT, NV, NY plans

I use the Moderate Age Based Allocation plan offered by Utah. For your child, it would be 80/20 up until age 7, then begin toning down the risk by moving more and more money into a mix of bond funds before starting to move the monies into FDIC insured savings accounts offered by US Bank. By age 18+,...
by Grt2bOutdoors
Wed Dec 17, 2014 2:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 Plan - Need AA Help, Torn between UT, NV, NY plans
Replies: 10
Views: 738

Re: Would you invest $2500 or ?

Pay the money directly in the form of rent to an approved lessor of your choosing.
Other goods no matter how cheap can be converted to cash or bartered to be converted into illicit products (usually).

I wish you luck.
by Grt2bOutdoors
Wed Dec 17, 2014 2:02 pm
 
Forum: Personal Consumer Issues
Topic: Would you invest $2500 or ?
Replies: 21
Views: 1587

Re: No Foreign Fee Credit Card - Exchange Rate

+1 for Capital One. I used them in Europe - no chip, but the exchange rates were as close to what was reported in Bloomberg and not to mention 1.5% cash back. No transaction fees, either.
by Grt2bOutdoors
Wed Dec 17, 2014 8:32 am
 
Forum: Personal Consumer Issues
Topic: No Foreign Fee Credit Card - Exchange Rate
Replies: 15
Views: 1094

Re: First time investing for retirement (25 years old)

What is your desired asset allocation plan? Have you written an Investment Policy Statement? Search the wiki for those two terms and examples ---> https://www.bogleheads.org/wiki While the portfolio looks fine, you have to be comfortable with the risks it entails. Are you? Since Total Stock Market ...
by Grt2bOutdoors
Mon Dec 15, 2014 3:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: First time investing for retirement (25 years old)
Replies: 17
Views: 939

Re: Does it make sense for me to buy E Bonds?

There are no E bonds - those were discontinued, however there are EE bonds. :D
by Grt2bOutdoors
Mon Dec 15, 2014 3:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does it make sense for me to buy EE Bonds?
Replies: 6
Views: 770

Re: Went "all in" Nov 17-21 in VTTHX (2035) - worried...

(Like TAXES... just got off the phone with accountant. Lots of taxable gains this year from those trusts getting passed through to us beneficiaries... going to be a killer) More fortunes have been lost because of the refusal to pay TAXES. Really, you should count your blessings and if you feel like...
by Grt2bOutdoors
Mon Dec 15, 2014 3:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Went "all in" Nov 17-21 in VTTHX (2035) - worried...
Replies: 25
Views: 2899

Re: Umbrella Liability Insurance - Need it or not?

Thanks a lot everyone for the responses. I've never seen such a unanimous recommendation on any question posted on a public forum. I am pretty sure none of you work in the insurance industry, but the industry needs to pay you all a referral fee anyway :-) I am absolutely a convert and planning on b...
by Grt2bOutdoors
Mon Dec 15, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella Liability Insurance - Need it or not?
Replies: 49
Views: 4348

Re: How do you figure out the best location to buy a house?

Low crime, proximity to transportation, good school district, homes are generally well-kept, away from traffic (side streets are preferable), proximity to schools and parks. Drive or walk around the town during the week 9-5, you will get a feel for the traffic, the neighborhood, the type of environm...
by Grt2bOutdoors
Mon Dec 15, 2014 1:54 pm
 
Forum: Personal Consumer Issues
Topic: How do you figure out the best location to buy a house?
Replies: 40
Views: 2831

Re: Should I buy house with a crack?

So the previous contract fell out of escrow based upon "the crack" and a few minor other things. Here's a newsflash - people who undertake the effort, time and money to visit homes with the intent of purchasing it don't back out of the contract for "minor things", they back out b...
by Grt2bOutdoors
Mon Dec 15, 2014 1:46 pm
 
Forum: Personal Consumer Issues
Topic: Should I buy house with a crack?
Replies: 29
Views: 3183

Re: First time investing for retirement (25 years old)

What is your desired asset allocation plan? Have you written an Investment Policy Statement? Search the wiki for those two terms and examples ---> https://www.bogleheads.org/wiki While the portfolio looks fine, you have to be comfortable with the risks it entails. Are you? Since Total Stock Market i...
by Grt2bOutdoors
Mon Dec 15, 2014 1:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: First time investing for retirement (25 years old)
Replies: 17
Views: 939

Re: Went "all in" Nov 17-21 in VTTHX (2035) - worried...

Well, I finally made the decision back in November regarding all this cash our Trusts have - over 4M. We took it all and I decided the best fit, long-term choice was to put it in a mix duplicating the Vanguard 2035 retirement fund. VTTHX. Ive even contemplated pulling 2/3 back out into cash and re-...
by Grt2bOutdoors
Mon Dec 15, 2014 1:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Went "all in" Nov 17-21 in VTTHX (2035) - worried...
Replies: 25
Views: 2899

Re: [Purchasing a Bolt-Action] Rifle

A very versatile round - .30-06 Remington. If its flat shooting range - then a 150gr will do just fine. Heavier brush you may want to use a 180gr. You could go with a stepped down .30-06, using a .300 round instead, heck of a lot less kick with very accurate results - the best of both worlds. A .270...
by Grt2bOutdoors
Mon Dec 15, 2014 10:22 am
 
Forum: Personal Consumer Issues
Topic: [Purchasing a Bolt-Action] Rifle
Replies: 31
Views: 3164

Re: Why is a natural gas stock (UPL) caught in the oil downt

Thanks for the stock tip! Upon speculating or ("investing") in anything, it pays to understand as much as one possibly can the risks of doing so. Most energy companies are following the herd - right now the herd is selling, when the herd was buying it was like the internet craze of late 90...
by Grt2bOutdoors
Mon Dec 15, 2014 9:07 am
 
Forum: Investing - Theory, News & General
Topic: Why is a natural gas stock (UPL) caught in the oil downturn?
Replies: 7
Views: 699

Re: How much is reasonable to spend on vacation?

That depends on your destination. If you are planning to visit Europe, at the minimum you will want to budget $5K - the flights alone will put you out of pocket about $2K. On the other hand, if you are taking a trip nearby - maybe $1-$2K is the right number. If you need to take a vacation, then take...
by Grt2bOutdoors
Sun Dec 14, 2014 9:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much is reasonable to spend on vacation?
Replies: 30
Views: 2832

Re: Am I crazy to move my emergency fund to bonds?

To answer your question - No, you're not crazy. Many forum members utilize one or more of the following to hold their e-fund: savings/checking account for Tier I, then combination of intermediate muni/limited term/series I bonds, series ee bonds, Roth IRA's, taxable accounts holding equities and bon...
by Grt2bOutdoors
Sun Dec 14, 2014 8:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I crazy to move my emergency fund to bonds?
Replies: 8
Views: 1188

Re: Embarrassingly stupid question

When heeding the advice to save 15-25% of your income, do you consider it PRETAX or posttax? There is no such thing as a "stupid question" being asked here. Your question is one that many ask of themselves whether they admit it here on the forum or not. From a tax-deferred perspective usi...
by Grt2bOutdoors
Sun Dec 14, 2014 3:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Embarrassingly stupid question
Replies: 25
Views: 4452

Re: Asset Allocation for 529 accounts

Would appreciate some input on determining asset allocation within 529 accounts. There are four children with expected college start dates of 2020 (two), 2024, and 2025. These accounts are well funded (from grandparents) and are expected to cover a significant chunk of their educational costs. Righ...
by Grt2bOutdoors
Sun Dec 14, 2014 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for 529 accounts
Replies: 11
Views: 720

Re: How do you factor entitlements into your investing plan?

If I'm paying for it - then it's not an entitlement. The sooner we get the definition of the word out of the way the better, otherwise this thread will be locked faster than I can say 3...2....1..... That said, even though I'm paying for it, I still discount that number they estimate by 25%. Save as...
by Grt2bOutdoors
Sat Dec 13, 2014 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you factor entitlements into your investing plan?
Replies: 50
Views: 3883

Re: Umbrella Liability Insurance - Need it or not?

However, what if you weren't liable, but were being sued anyway? Some idiot screeches to a stop in the middle of the Interstate for no reason, and there's a six-car pileup. Your car is number 4 in the pile. The different ambulance chasers representing drivers 1, 2 and 3 research all the drivers and...
by Grt2bOutdoors
Sat Dec 13, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella Liability Insurance - Need it or not?
Replies: 49
Views: 4348

Re: Most/Least Boglehead 2014 Activity?

Bought $5K of individual stock - am beating the market so far, but that isn't my objective....i buy and hold long term, unless a TLH day appears then I might reconsider. Most Bogleheadish......I've been purchasing more international stock index and EM funds..... All funds purchased have been of the ...
by Grt2bOutdoors
Sat Dec 13, 2014 6:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Most/Least Boglehead 2014 Activity?
Replies: 72
Views: 6196

Re: Make money selling a house in 20 years

Don't purchase a home you will live in with the intention/expectation that you will profit when you finally sell. There are many costs involved in purchasing, living and selling a home, these are just a few of the items to consider beyond your property taxes: transaction costs to purchase and sell t...
by Grt2bOutdoors
Sat Dec 13, 2014 6:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Make money selling a house in 20 years
Replies: 3
Views: 646

Re: "Why Retirement at 65 is a Fairy Tale"

I don't buy any of this. My parents (and their parents) retired comfortably on small pensions and small Social Security checks. The amount of money needed to retire and live reasonably is too often exaggerated. My siblings had regular blue collar jobs. my sister and her husband were NYC police men....
by Grt2bOutdoors
Fri Dec 12, 2014 6:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11461

Re: "Why Retirement at 65 is a Fairy Tale"

They're not in Westchester or Long Island, either. They may be in NYC outer boroughs but barely subsisting. That income level is poverty. But if you work in a high cost of living area like Long Island, your social security would likely exceed $20,000. According to the SS website, my wife and I will...
by Grt2bOutdoors
Fri Dec 12, 2014 6:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11461

Re: "Why Retirement at 65 is a Fairy Tale"

Well, mine were depression era kids who were extremely frugal. My father started working as a 9 year old kid working doing deliveries hauling packages up stairs in the neighborhood. .. that would have been 102 years ago. Mom was a kindergarten school teacher in NYC. They scrimped and saved all they...
by Grt2bOutdoors
Fri Dec 12, 2014 6:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11461

Re: Umbrella Liability Insurance - Need it or not?

This is how you can determine whether it is good value for you or not? Take age 65 minus your current age. Take the resultant figure and multiply it by your current gross wages. Next - add up all of your assets deduct your liabilities - what is your net worth? Now, add up all of the liability covera...
by Grt2bOutdoors
Fri Dec 12, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Umbrella Liability Insurance - Need it or not?
Replies: 49
Views: 4348

Re: Advice needed re Financial Planner?

Peter Foley wrote:30k per month to support his lifestyle? 360k per year? He doesn't need a financial planner, he needs a budget. A 4% withdrawal rate for 7.5M would only provide 300k per year.


+1000 :beer
by Grt2bOutdoors
Fri Dec 12, 2014 2:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice needed re Financial Planner?
Replies: 12
Views: 1481

Re: How to teach young kids to be frugal?

imgritz and other parents that give allowances. How much do you give at the age of 5? A quarter? 1 dollar? I don't give allowance - I buy what is needed. However, if the child performs a chore, I will reward them for their effort, just for trying. That's usually 4 quarters because it makes it more ...
by Grt2bOutdoors
Fri Dec 12, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4026

Re: How to teach young kids to be frugal?

[quote="aw82] [quote="Grt2bOutdoors":m3epiyoa]When you are 2 and 5 you'll remember doing things, playing with your favorite toys and reading those books with your parent. What I remember from ages 2 through 5 is doing free things with my parents (walking through the park, playing in t...
by Grt2bOutdoors
Fri Dec 12, 2014 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4026

Re: help! suspicious call asking about my SS application

As much as I like the forum and it's quite obvious that many members are quite knowledgeable when you want to ensure that you aren't being scammed or phished for identity theft, the best source of the information you are questioning should be obtained directly from the Social Security Administration...
by Grt2bOutdoors
Fri Dec 12, 2014 12:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: help! suspicious call asking about my SS application
Replies: 12
Views: 1422

Re: Energy sector

, but do you think that Chevron, Exxon, ConocoPhillips, Shell, and BP will be struggling in the long run? Well I'm no expert on this but seems to me that if in a few decades from now, everyone is driving battery or fuel cell powered cars, and using electric heat, etc, then hydrocarbon demand and pr...
by Grt2bOutdoors
Fri Dec 12, 2014 12:41 pm
 
Forum: Investing - Theory, News & General
Topic: Energy sector
Replies: 55
Views: 4167

Re: How to teach young kids to be frugal?

This behavior may have had some benefit and value when you were younger and in a different circumstance. It does not sound like it is all that helpful to you at this point in your life. I'm not saying to get stupid in your spending, but hasn't the time come to enjoy the fruits of your efforts? If n...
by Grt2bOutdoors
Fri Dec 12, 2014 12:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4026

Re: Energy sector

A barrel of WTI sold for $10 in 1997. It could go to $30 but if it stays there for a long period of time, you'll see a lot of firms either merge or go out of business. So if you are going to overweigh, make sure you focus on those firms which are conservatively run and have a lot of proved reserves...
by Grt2bOutdoors
Fri Dec 12, 2014 10:59 am
 
Forum: Investing - Theory, News & General
Topic: Energy sector
Replies: 55
Views: 4167

Re: What to do with profits: disagreements with partners

The smart move is to take your dividend check and purchase more equity in the business, otherwise you are less of a true "partner" and more of just a quasi-partner in name only but in reality you are just an employee. If you are as you say you are - the moving force in making this partners...
by Grt2bOutdoors
Fri Dec 12, 2014 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: What to do with profits: disagreements with partners
Replies: 9
Views: 1045

Re: How to teach young kids to be frugal?

Not much can be done with the two year old yet; not old enough to understand. The key for the five year old is to teach deferred gratification. Many parents do this with an allowance. The key is the the child has to save for a period of time to get something they want. They have to learn to forgo a...
by Grt2bOutdoors
Fri Dec 12, 2014 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4026

Re: How to teach young kids to be frugal?

Lead by example - books are not what I would call a spoiling treatment, perhaps the local library does not offer that particular book. If purchasing 5 books each is an example of spoiling then call me guilty of spoiling my kid rotten! Read The Millionaire Next Door where the folks surveyed believe i...
by Grt2bOutdoors
Fri Dec 12, 2014 10:38 am
 
Forum: Personal Finance (Not Investing)
Topic: How to teach young kids to be frugal?
Replies: 65
Views: 4026

Re: Using EE and/or I Bonds Instead of Bond Funds

Savings bonds are both good and not so good. Good After a year can be redeemed easily. (Good emergency fund) No state tax Deferred fed tax until redemption May qualify for tax deduction for education expenses Paper bonds available with fed tax refund Bad FAFSA sees as an asset Relatively low level ...
by Grt2bOutdoors
Fri Dec 12, 2014 9:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Using EE and/or I Bonds Instead of Bond Funds
Replies: 48
Views: 4245

Re: Energy sector

A barrel of WTI sold for $10 in 1997. It could go to $30 but if it stays there for a long period of time, you'll see a lot of firms either merge or go out of business. So if you are going to overweigh, make sure you focus on those firms which are conservatively run and have a lot of proved reserves ...
by Grt2bOutdoors
Fri Dec 12, 2014 9:45 am
 
Forum: Investing - Theory, News & General
Topic: Energy sector
Replies: 55
Views: 4167

Re: Car Loan vs Cash Flow

Get rid of the car loan - not only is the car a depreciating asset but it is also a liability. At year 5 is right around the time you may start to need more repairs to keep it in good running condition, you need money for that so if you pay it off in year 3 you then have 2 years to save up the dough...
by Grt2bOutdoors
Fri Dec 12, 2014 9:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Car Loan vs Cash Flow
Replies: 22
Views: 1464

Re: 6 years into career, finally time to address the unavoid

Like you, I am very worried about our growing debt and the impact of it in the very near future. It has gone from $10,000,000,000,000.00 to $18,000,000,000,000.00 in just the last 5 years! :shock: :shock: :shock: The amount of interest alone to service this is set to explode. Worrying is in my natu...
by Grt2bOutdoors
Thu Dec 11, 2014 2:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: 6 years into career, finally time to address the unavoidable
Replies: 28
Views: 4574

Re: 6 years into career, finally time to address the unavoid

Three ways to reach the promised land of retirement - Save more, take more risk or take more time. So E&Y says 60/40, your gut says 60/40 never mind what everyone else is doing - if you fail to plan properly you will plan to fail. Let me elaborate - let's say you are only comfortable with a maxi...
by Grt2bOutdoors
Thu Dec 11, 2014 2:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 6 years into career, finally time to address the unavoidable
Replies: 28
Views: 4574

Re: FAFSA and Paying for College

I like how they pretend that one cannot figure out the name of the daughter from her initials and her father's name. LOL! I'll bet it's doing wonders for her interviews and future career. This is why honesty is always the best policy, either you pay now, or you pay later.....this will now follow he...
by Grt2bOutdoors
Thu Dec 11, 2014 1:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: FAFSA and Paying for College
Replies: 3
Views: 379

FAFSA and Paying for College

It pays to be truthful when filling out the FAFSA - this is what could happen if you don't tell the whole truth when filling out the paperwork: http://www.bostonglobe.com/metro/2014/12/11/man-falsifies-records-daughter-can-awarded-financial-aid-from-harvard-university/qyzFXrG4ImuIdXwjDgzlVL/story.ht...
by Grt2bOutdoors
Thu Dec 11, 2014 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: FAFSA and Paying for College
Replies: 3
Views: 379

Re: any studies of real-world retirement outcomes?

http://www.amazon.com/Falling-Short-Coming-Retirement-Crisis/dp/0190218894/ref=pd_sim_sbs_b_1/184-6596036-9010434?ie=UTF8&refRID=04PB95SN64HX969RS3Q7 - Try this book. For more research check out the Center for Retirement Research at Boston College - all sorts of working papers and studies there....
by Grt2bOutdoors
Thu Dec 11, 2014 1:29 pm
 
Forum: Investing - Theory, News & General
Topic: any studies of real-world retirement outcomes?
Replies: 20
Views: 1859

Re: Is it worth purchasing Ibonds on the verge retirement?

It's only a bad idea if you need to access any portion of the $10K within the next 11 months - there is a 12 month waiting period before redemption, but the first month begins in the month of purchase, so if you purchase by year-end - December is the first month. You won't be able to get your hands ...
by Grt2bOutdoors
Thu Dec 11, 2014 1:13 pm
 
Forum: Investing - Theory, News & General
Topic: Is it worth purchasing Ibonds on the verge retirement?
Replies: 25
Views: 2439

Re: New Rate - 1 year Penfed MM Certificate

Don't forget about I Bonds as another alternative. The current composite rate is 1.48%, taxes are deferred until redeemed (up to 30 years), and, at redemption, I Bonds are exempt from state and local income taxes. If you're planning on holding at least 12 months (I bonds can't be cashed before 12 m...
by Grt2bOutdoors
Thu Dec 11, 2014 10:26 am
 
Forum: Investing - Theory, News & General
Topic: New Rate - 1 year Penfed MM Certificate
Replies: 14
Views: 2077

Re: "Why Retirement at 65 is a Fairy Tale"

Most people will be OK with social security and medicare, they do not need to take cruises every year to be retirees. +1 Who are these people living comfortably on $20,000 a year? I don't know about their comfort level, but I don't think they're living in NJ. They're not in Westchester or Long Isla...
by Grt2bOutdoors
Thu Dec 11, 2014 8:26 am
 
Forum: Personal Finance (Not Investing)
Topic: "Why Retirement at 65 is a Fairy Tale"
Replies: 117
Views: 11461

Re: Pension Help

Companies are offering lump sums these days because of an accounting rule change and new actuarial standards that either have been or will be released shortly showing that mortality rates have declined due to longevity, this causes the pension funds to appear more underfunded then they were previous...
by Grt2bOutdoors
Thu Dec 11, 2014 8:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension Help
Replies: 22
Views: 1285

Re: Pension Help

Christine_NM wrote:I would take the lump sum now. It appears the company wants to clean up its pension obligations, and the first offer is likely to be their best.


And if the company goes bust, PBGC will guarantee the payment - it is well below their threshold maximum.
by Grt2bOutdoors
Thu Dec 11, 2014 12:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Pension Help
Replies: 22
Views: 1285
Next

Return to advanced search