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Re: Appropriate amount of term life insurance

Definitely look into SS before buying term insurance. It turns out that my wife and kids would recieved 75% of my take home pay just from SS if I were to croak. Might only need enough to cover the mortgage in reality. Is your income $120K gross? SS is not going to cover 75% of take-home pay for a p...
by Grt2bOutdoors
Mon Nov 24, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Appropriate amount of term life insurance
Replies: 8
Views: 544

Re: Investing options for my child

Remember that any money in a UTMA type account significantly affects financial aid qualification. That may not be relevant but if they are the heir in your estate anyway there is no need to put the money into a special account in your child's name . Laura That defeats the purpose of what the OP is ...
by Grt2bOutdoors
Mon Nov 24, 2014 4:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing options for my child
Replies: 7
Views: 247

Re: Investing options for my child

Mutual funds in a taxable account - Total Stock Market + Int. Tax Exempt Bond. +1, with a slight modification - 3 fund portfolio when you have the funds, otherwise would start out with Total Stock Market Index first, then add International Stock Index, then Int. Tax Exempt bond and/or total bond ma...
by Grt2bOutdoors
Mon Nov 24, 2014 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing options for my child
Replies: 7
Views: 247

Re: Looking for a career playing to these strengths

Do some research on strategic planning in business. Difficult to get those jobs without an MBA, preferably from a top 10 school, though not impossible. Another career utilizing those skills would be within a firm's financial planning and analysis department, mergers and acquisitions in a corporate ...
by Grt2bOutdoors
Mon Nov 24, 2014 4:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking for a career playing to these strengths
Replies: 4
Views: 329

Re: Girlfriend with a LOT of Student debt.

humbledinvestor wrote:Run! Run fast!!!!


You were a lot more blunt than I was. :)
by Grt2bOutdoors
Mon Nov 24, 2014 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 78
Views: 3934

Re: Girlfriend with a LOT of Student debt.

I don't wish to sound "cold" or "impersonal" about this but the trend is your friend. Right now, it's waving a big yellow caution sign if you have any intentions of making a more permanent arrangement here. I think you already know this or you would not have posted it up here. Yo...
by Grt2bOutdoors
Mon Nov 24, 2014 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 78
Views: 3934

Re: 32 year old amateur investor looking for retirement advi

First of all, I want to say thank you for this great site! I find it crazy how Americans are just suppose to inherently know how to invest for their own retirement. This site greatly helps take out some of the guess work! Here's my story- I'm 32 and self-employed. I was fortunate that my dad always...
by Grt2bOutdoors
Mon Nov 24, 2014 12:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: 32 year old amateur investor looking for retirement advice
Replies: 10
Views: 599

Re: What would be the investing strategy for a coming crash?

Inverse ETF's - Double short the market with 25% of your portfolio, if you really believer you will be on the winning side of the trade.
However, if things go the other way, you will need a (big) bottle of Kentucky Bourbon to soothe your spirits. :D
by Grt2bOutdoors
Mon Nov 24, 2014 9:05 am
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 59
Views: 4547

Re: Saving Strategy For a Young Person?

I think I get the simple message here: For the young person: 1. Do the Roth IRA. 2. Do the regular 401k up to the allowed (tax deductible) maximum. 3. Wait until next year, and repeat. Do not make after-tax contributions to a 401k, unless you know there is an escape to a Roth . Is that about right?...
by Grt2bOutdoors
Mon Nov 24, 2014 9:01 am
 
Forum: Investing - Theory, News & General
Topic: Saving Strategy For a Young Person?
Replies: 17
Views: 1406

Re: What percent "Boglehead" are you?

I first estimated 70%, now using the Nisprius system let me re-evaluate that score: 1 Develop a workable plan - 10 (I save a-lot, I invest most of it.) 2 Invest early and often - 10 (I've been saving since age 16 - my first job as little as that was back then, didn't start investing til I was 20) 3 ...
by Grt2bOutdoors
Mon Nov 24, 2014 8:55 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 108
Views: 5002

Re: How to Plan for an Unknown Future

As an engineer you should know to read the reports before making assumptions. Your question of "will Social Security be there for me" indicates you haven't read the report that is put out annually by the Social Security trustees. As of 2034, folks can count on 75% of their benefits accrued...
by Grt2bOutdoors
Mon Nov 24, 2014 8:27 am
 
Forum: Investing - Theory, News & General
Topic: How to Plan for an Unknown Future
Replies: 18
Views: 1220

Re: article in todays WSJ--stocks are risky even for millenn

Well, here's one millennial who has been happy plugging along with an all-stock portfolio since 2007... Why are my compatriots hoarding so much cash? Holding 50% of your portfolio in cash (as an accumulator) is the financial equivalent of hitting yourself in the face with a brick twice a week. You ...
by Grt2bOutdoors
Mon Nov 24, 2014 8:15 am
 
Forum: Investing - Theory, News & General
Topic: article in todays WSJ--stocks are risky even for millennials
Replies: 19
Views: 2540

Re: A week in Tuscany: April 2015. Suggestions?

Drink....heavily. :happy
by Grt2bOutdoors
Sat Nov 22, 2014 3:06 pm
 
Forum: Personal Consumer Issues
Topic: A week in Tuscany: April 2015. Suggestions?
Replies: 22
Views: 1389

Re: What percent "Boglehead" are you?

70% :happy
My strikes are: holding individual equities and aghast! actively managed funds (some are zero choice - only thing offered in retirement plans :annoyed ).
by Grt2bOutdoors
Sat Nov 22, 2014 11:49 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 108
Views: 5002

Re: Proposed Lifetime Retirement Investment Approach

I'm intrigued by the recency bias comment. Whatever the opposite of recency bias is, that's what I suffer from. When I started investing for retirement in 1987 (age 32), I went 100 percent into US and international equities; no bonds. I've stuck with that approach, except I've more recently adding ...
by Grt2bOutdoors
Sat Nov 22, 2014 9:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Proposed Lifetime Retirement Investment Approach
Replies: 28
Views: 2247

Re: If You Can Free Again, Starting Tomorrow

Thanks, Bill. I'm going to forward the link to a few folks I know who will take your advice.
by Grt2bOutdoors
Sat Nov 22, 2014 9:31 am
 
Forum: Personal Finance (Not Investing)
Topic: If You Can Free Again, Starting Tomorrow
Replies: 4
Views: 1493

Re: 15 vs 30 mortgage on a condo I plan on renting after 5 y

I only have one word of advice, have you viewed the condo associations finances? You want to make sure they have a sufficient level of reserves to cover any unexpected repairs/replacements. Let me give you an example, I have an involuntary condo landlord, the market for sales is not the best and we ...
by Grt2bOutdoors
Sat Nov 22, 2014 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: 15 vs 30 mortgage on a condo I plan on renting after 5 years
Replies: 14
Views: 906

Re: 529 Plan - when to stop contributing?

How is the plan currently allocated? What are your investment options? How much are you currently contributing, if anything? What does 4 years of flagship state university cost today? Any plans for a)future offspring and b)graduate school for either your child or parents at future date in future? Ot...
by Grt2bOutdoors
Fri Nov 21, 2014 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529 Plan - when to stop contributing?
Replies: 15
Views: 1596

Re: 3 Fund Portfolio vs. VWINX

I think VWINX is a great example of a self-fulfilling prophecy. Because of its past performance folks really love it. That keeps attracting new assets and new buyers which helps support the prices of the things the managers buy which keeps the cycle going. I suppose there is nothing wrong with that...
by Grt2bOutdoors
Fri Nov 21, 2014 3:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio vs. VWINX
Replies: 10
Views: 1071

Re: Eliminating my tip fund~alternatives?

Read Larry Swedroe's book on Bonds. Also, this ----> viewtopic.php?f=10&t=151345
by Grt2bOutdoors
Fri Nov 21, 2014 3:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Eliminating my tip fund~alternatives?
Replies: 7
Views: 625

Re: Low cost HSA and 529 for 21 year old

I do think there are some self-directed accounts such as the HSA Bank account with TD Ameritrade. I'm really just looking for the lowest cost provider that will not need the letter. I believe my state does allow me to deduct $5k from my state and possibly city taxes, but I think the benefit ends up...
by Grt2bOutdoors
Fri Nov 21, 2014 3:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Low cost HSA and 529 for 21 year old
Replies: 5
Views: 507

Re: 3 Fund Portfolio vs. VWINX

You are not making an apples to apples comparison with your index vs. active portfolio. Here are some of the key differences: Total Stock Market index is a blend of value and growth equities, large, small and midcap. Wellesley is 100 of the largest value stocks in the S&P 500. It holds no small ...
by Grt2bOutdoors
Fri Nov 21, 2014 2:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: 3 Fund Portfolio vs. VWINX
Replies: 10
Views: 1071

Re: Paid off our Mortgage this evening!

Congrats & well done. I am firmly in the invest > pay down camp - if the #s make sense (mort rate, tax, AA) . However, if one does not like that option then aggressively paying down the mortgage makes sense. The key as others have stated is to use the new cash flow to invest now. This behaviora...
by Grt2bOutdoors
Fri Nov 21, 2014 2:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off our Mortgage this evening!
Replies: 75
Views: 7423

Re: Paid off our Mortgage this evening!

I congratulate the financial goal achieved. That is the main point to be celebrated. I don't believe in the paid-off mortgage as the new status symbol of choice, but I do believe in making financial goals happen. I didn't know it was suddenly fashionable to own the shelter over one's head? Perhaps ...
by Grt2bOutdoors
Fri Nov 21, 2014 2:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off our Mortgage this evening!
Replies: 75
Views: 7423

Re: Donating for a specific family

My wife and I donated funds to a church for a specific family in need in our town. Because we specified who the funds were to go to, the church treasurer said he would not give us a letter stating our donation was tax deductible. Perfect. Is there a way we can donate to specific families in need an...
by Grt2bOutdoors
Fri Nov 21, 2014 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Donating for a specific family
Replies: 37
Views: 2160

Re: 529 Plan - when to stop contributing?

Even if you assume the children will attend an in-state public school, there are many unknowns: 1) how many years will they be in college 2) how much will that state school cost in 10+ years 3) the rate of growth for the investments over that period of time Certainly don't want to over contribute. ...
by Grt2bOutdoors
Fri Nov 21, 2014 2:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: 529 Plan - when to stop contributing?
Replies: 15
Views: 1596

Re: Proposed Lifetime Retirement Investment Approach

I'm not sure I understand the proposal entirely, what I'm getting is that from age 25-40, 100% stocks + mostly Roth tax sheltered investing, from age 40+ invest new money in bonds so you gradually get bonds. It seems like this is just a weird glide slope, is there some particular reason that this g...
by Grt2bOutdoors
Fri Nov 21, 2014 12:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proposed Lifetime Retirement Investment Approach
Replies: 28
Views: 2247

Re: Proposed Lifetime Retirement Investment Approach

I like the Rip Van Winkle approach - 100% in the Balanced Index fund, and let it ride from age 20 to whatever. Come hell or high-water, they shouldn't be eating Alpo for dinner under a bridge. The key to retirement is the ability to defer consumption by saving and investing after establishing a safe...
by Grt2bOutdoors
Fri Nov 21, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proposed Lifetime Retirement Investment Approach
Replies: 28
Views: 2247

Re: What doyou splurge on?

Wine - when I get the itch. Lately, I've been drinking it down, as the best time to enjoy it is in the presence of family and friends. Chocolate - when a regular Hershey's bar just won't do. Clothing - I like to buy quality that will last for years and years....and least that's how I justify spendin...
by Grt2bOutdoors
Fri Nov 21, 2014 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: What do you splurge on?
Replies: 127
Views: 6772

Re: Standard questions on found stock certificate

ps. do I pay taxes on this stuff. If you sell the stocks, yes, long term capital gains taxes will apply, but only on the difference between the proceeds of your sale and the value the shares were worth on the day your husband died. (You can use something like yahoo finance to look up the historical...
by Grt2bOutdoors
Fri Nov 21, 2014 12:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Standard questions on found stock certificate
Replies: 10
Views: 463

Re: Low cost HSA and 529 for 21 year old

HSA accounts are not intended to be speculative, so futures are out, as are commodities, derivatives, exotic instruments. Your choices are usually 1940 act registered funds and a bank account. 529 plans will only offer registered mutual funds and bank accounts. No future in your futures either. :win...
by Grt2bOutdoors
Fri Nov 21, 2014 10:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Low cost HSA and 529 for 21 year old
Replies: 5
Views: 507

Re: 529 Plan - when to stop contributing?

4 years of full tuition and room&board (if necessary) for flagship state university in-state
In my state, that runs about $120K give or take right now :oops:
by Grt2bOutdoors
Fri Nov 21, 2014 8:17 am
 
Forum: Personal Finance (Not Investing)
Topic: 529 Plan - when to stop contributing?
Replies: 15
Views: 1596

Re: getting umbrella insurance

I have home and auto insurance with this company. I submitted answers to most all of these questions online and got a quote. But they will not complete the deal until I call and provide other unspecified information. Can't imagine what else they would ask. And so, you are hesitant because they are ...
by Grt2bOutdoors
Thu Nov 20, 2014 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: getting umbrella insurance
Replies: 25
Views: 1477

Re: getting umbrella insurance

You will have to have a minimum amount of coverage before the companies will write umbrella insurance. We had to up our maximums on both our car and house policies before we could buy the umbrella insurance. The cost of the umbrella insurance was dwarfed by the increases we had to pay in the house ...
by Grt2bOutdoors
Thu Nov 20, 2014 9:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: getting umbrella insurance
Replies: 25
Views: 1477

Re: Do I payoff my house or rentals?

That's what I was thinking. Paying my house first. Do you know any website in which I can learn more about the implications and consequences with the taxes once I pay off the house? I know right now that I can deduct the loan interest, however there is a phase out because of our income. So even tho...
by Grt2bOutdoors
Thu Nov 20, 2014 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I payoff my house or rentals?
Replies: 5
Views: 608

Re: New Young Investor & need advice

Your account is being aggressively pilfered by Schwab! Let me give you an example - if the average expense ratio of all the funds you currently hold costs 1.20%, that management fee of 0.90% is on top of that cost. Now, let's say the total market goes up by 6%, paraphrasing the words of John Bogle (...
by Grt2bOutdoors
Thu Nov 20, 2014 9:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Young Investor & need advice
Replies: 12
Views: 785

Re: getting umbrella insurance

gwe67 wrote:What questions will the insurance company ask? Just want to be prepared...


Do you have a criminal history of committing insurance fraud? Have you been sued before? What did you have for breakfast yesterday? Are you an habitual repeat offender of slander and libel?
by Grt2bOutdoors
Thu Nov 20, 2014 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: getting umbrella insurance
Replies: 25
Views: 1477

Re: Do I payoff my house or rentals?

Rentals offer certain tax benefits including deducting all expenses including interest along with depreciation, thereby reducing your accounting profit and taxes. Your home offers a tax deduction on interest paid - you pay a dollar and get back 33%, sound like a good deal? Pay off the home loan firs...
by Grt2bOutdoors
Thu Nov 20, 2014 9:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I payoff my house or rentals?
Replies: 5
Views: 608

Re: Question about California Teachers Pension

As a university professor let me add that good teachers are priceless. We get the output and we know what they started with. Oh, how true. I've had my fair share of poor and incompetent teachers that were protected by bargaining rights and so, were not culled from the good crop thereby perpetuating...
by Grt2bOutdoors
Thu Nov 20, 2014 4:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about California Teachers Pension
Replies: 12
Views: 1211

Re: Taxable investing for lower dividends only?

Tax managed capital appreciation or tax-managed balanced index.
by Grt2bOutdoors
Thu Nov 20, 2014 4:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable investing for lower dividends only?
Replies: 6
Views: 658

Re: New Young Investor & need advice

Jon - hello and welcome to the forum! I'd really like to help you out, as I'm sure most of the other posters would too, but we simply lack the time to type in all those symbols you provided, so to make it easier for us, can you please type out the names of each of the funds and their respective expe...
by Grt2bOutdoors
Thu Nov 20, 2014 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Young Investor & need advice
Replies: 12
Views: 785

Re: Selecting Charities for Donation

Local food bank (bulk of the pot): too many kids are going to bed hungry and waking up even hungrier, SNAP is underfunded. Salvation Army - they do good work and low overhead Public Broadcasting Service - i'm certain my child is more well-rounded because of their "free" educational program...
by Grt2bOutdoors
Thu Nov 20, 2014 2:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selecting Charities for Donation
Replies: 55
Views: 3199

Re: Portfolio advice for new investor, large lump sum

Look up factor investing. I think you are wasting your time with Extended Market, if you must use that bit to buy either more Small Value or some Mid cap value.
by Grt2bOutdoors
Thu Nov 20, 2014 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for new investor, large lump sum
Replies: 14
Views: 1536

Re: Child's Education Savings (529) and life insurance plan

I have already asked my variable, and my child's American fund and his variable to be cancelled, and the few pennies left to be refunded. I have also opened a NYSaves account for my child's 529. Contributions start this month. Thanks for all your inputs and thoughts. This has greatly helped me - ap...
by Grt2bOutdoors
Thu Nov 20, 2014 1:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Child's Education Savings (529) and life insurance plan
Replies: 18
Views: 1624

Re: Who to Use: CPA, Financial Advisor, Someone Else?

I love these threads. People ask for advice and then spend most of the timing ignoring or arguing against the advice. The main question was who to use to do a review and checkup. The overwhelming advice was the "other" category of do it yourself. Is suggest getting a plan out together, th...
by Grt2bOutdoors
Thu Nov 20, 2014 1:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Who to Use: CPA, Financial Advisor, Someone Else?
Replies: 63
Views: 3475

Re: What to prepare for first baby due next month?

Obtain Social Security number - hospitals usually notify Social Security administration, who in turn automatically send you the card, a few weeks after birth. 5-2-9 Plan, open one as soon as you get the social security number, the gains over time will amaze you and best of all, it is all tax-free (t...
by Grt2bOutdoors
Thu Nov 20, 2014 12:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: What to prepare for first baby due next month?
Replies: 55
Views: 2721

Re: Who to Use: CPA, Financial Advisor, Someone Else?

In fact, their philosophy is so close to mine , their analysis of our current portfolio showed that. My total expense ratio for our entire portfolio is 0.38% (I think he was a little bummed about that, since they won't be able to reduce that much to compensate for their 1% fee). He told me that our...
by Grt2bOutdoors
Thu Nov 20, 2014 10:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Who to Use: CPA, Financial Advisor, Someone Else?
Replies: 63
Views: 3475

Re: The Merriman Funds ?

Bogleheads: I met Mr. Merriman long ago and was impressed enough to buy his book, Investing for a Lifetime. In his book, published in 1992, he refers to his three Merriman Funds: Merriman Timed Blue Chip Fund; Merriman Timed Capital Appreciation Fund ; and Merriman Timed Asset Allocation Fund. Does...
by Grt2bOutdoors
Thu Nov 20, 2014 9:45 am
 
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 88
Views: 8126

Re: Queston About Allocation of Assests

Emergency funds: $20,000 Debt: The only debt we have is the house mortgage. We $180,000 left at close to 3.8% Tax Filing Status: Married Filing Jointly with children State of Residence: FL Age: 35 Desired Asset allocation: 35% stocks / 30% bonds Desired International allocation: 35% of stocks The a...
by Grt2bOutdoors
Thu Nov 20, 2014 8:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Queston About Allocation of Assets
Replies: 10
Views: 928

Re: Who to Use: CPA, Financial Advisor, Someone Else?

In fact, their philosophy is so close to mine , their analysis of our current portfolio showed that. My total expense ratio for our entire portfolio is 0.38% (I think he was a little bummed about that, since they won't be able to reduce that much to compensate for their 1% fee). He told me that our...
by Grt2bOutdoors
Thu Nov 20, 2014 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Who to Use: CPA, Financial Advisor, Someone Else?
Replies: 63
Views: 3475
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