Search found 13742 matches

by Grt2bOutdoors
Wed May 25, 2016 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Do Households Save More When the Kids Leave Home?
Replies: 7
Views: 766

Re: Do Households Save More When the Kids Leave Home?

Ya think so.....here's another report that indicates expenses don't go down if you read between the lines....

http://view.ceros.com/ubs/iw2q16
by Grt2bOutdoors
Wed May 25, 2016 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: I just shorted the S&P, now what do I do?
Replies: 53
Views: 5139

Re: I just shorted the S&P, now what do I do?

Cry!! :greedy How much are you down on your contracts since your purchase?
by Grt2bOutdoors
Mon May 23, 2016 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Why am I paying 36% tax on W2 salary ???
Replies: 12
Views: 2355

Re: Why am I paying 36% tax on W2 salary ???

Your employer withheld 25% for Federal taxes, 6.2% for FICA, 1.45% for Medicare, 4.5% for NYS taxes. The NYS taxes are a credit against NJ State taxes. The employer withheld the correct amount of taxes.
by Grt2bOutdoors
Sun May 22, 2016 12:57 pm
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 149
Views: 11687

Re: Is there a such thing as a blue collar Boglehead?

For example, a poster asked what to do with an extra $10k, and some responses would indicate that It was only $10k and not worth worrying about. I searched the forum using "$10K to invest" and found several threads with excellent helpful responses and none of them said that amount of mone...
by Grt2bOutdoors
Sat May 21, 2016 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: When to sell Berkshire?
Replies: 24
Views: 2541

Re: When to sell Berkshire?

I own a few shares for the discount, but I do not think for a second that it will outperform the market whether he remains at the helm or not. To move the needle in such a significant manner all of the cards must be lined up in perfection. Nobody is perfect, not even W.B.
by Grt2bOutdoors
Sat May 21, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: How do you find a trust and how much will they charge?
Replies: 12
Views: 1220

Re: How do you find a trust and how much will they charge?

Looking into setting up a trust for my minor children (if we die before they reach adulthood). What's the best way to find a trust (manager) and how much do they cost? I'm thinking about asking my CFP friend to serve as the primary but wanted a contingent. How are they paid? Are you seeking to fund...
by Grt2bOutdoors
Fri May 20, 2016 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheads: Investment Advice
Replies: 3
Views: 287

Re: New to Bogleheads: Investment Advice

No complications with contacts or glasses, Lasik can be complicated or not. There is no known replacement for eyes.

House savings - 70 percent Intermediate Tax Exempt, 30 percent Total Stock Index.

Retirement funds - too many funds, view the wiki for the 3 Fund Portfolio.
by Grt2bOutdoors
Fri May 20, 2016 8:11 am
Forum: Personal Finance (Not Investing)
Topic: How do you find a trust and how much will they charge?
Replies: 12
Views: 1220

Re: How do you find a trust and how much will they charge?

A trust requires a much higher standard of care. The higher costs are incurred due to use of custodial services, legal services, sometimes matters are brought before a court of law, increased correspondence between trustees and beneficiary, mailing costs, higher accounting and auditing services. It'...
by Grt2bOutdoors
Fri May 20, 2016 7:41 am
Forum: Personal Finance (Not Investing)
Topic: How do you find a trust and how much will they charge?
Replies: 12
Views: 1220

Re: How do you find a trust and how much will they charge?

Looking into setting up a trust for my minor children (if we die before they reach adulthood). What's the best way to find a trust (manager) and how much do they cost? I'm thinking about asking my CFP friend to serve as the primary but wanted a contingent. How are they paid? Are you seeking to fund...
by Grt2bOutdoors
Thu May 19, 2016 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: re-evaluating my investment strategies
Replies: 9
Views: 832

Re: re-evaluating my investment strategies

Hello and welcome to the forum! You've come to the right place, but first we need a bit more information before we can offer some advice. It would be helpful if you list your information in the format shown in the link by my signature ---> Asking Portfolio Questions. It would be helpful if you can t...
by Grt2bOutdoors
Thu May 19, 2016 3:59 pm
Forum: Investing - Theory, News & General
Topic: Acquaintance asking about recession
Replies: 30
Views: 2520

Re: Acquaintance asking about recession

Economists and CNBC have predicted 5 out of the last 3 recessions.
What makes your acquaintance any more prescient than two of the most popular groups in the land of market timing?
by Grt2bOutdoors
Thu May 19, 2016 8:37 am
Forum: Personal Consumer Issues
Topic: Major - Accounting or Finance
Replies: 41
Views: 2435

Re: Major - Accounting or Finance

Accounting - CPA track level, after you become licensed, start studying for the CFA Level 1 exam and you will realize the true value of all those accounting courses you took in years 1 and 2 of college. :wink:
by Grt2bOutdoors
Thu May 19, 2016 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Pride in no inheritance to kids?
Replies: 223
Views: 14627

Re: Pride in no inheritance to kids?

There seems to be a philosophy that getting too much help will sap the initiative and drive needed to be successful. Also, perhaps take away the pride of accomplishment if you are handed too much financial help. A lot depends on your situation. It is a different world than when I started out. e.g. ...
by Grt2bOutdoors
Sun May 15, 2016 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!
Replies: 40
Views: 4339

Re: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!

I am confused where the "high earner" part is? I see "high earner" and $150k/yr. Do you each make $150k? I don't get it. One sole wage earner of $150K. Not sure where you reside, but for most parts of the US, someone who earns $150K on an individual basis is considered a highly ...
by Grt2bOutdoors
Sun May 15, 2016 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!
Replies: 40
Views: 4339

Re: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!

Do you own a home? If you put money in a dependent care FSA account, you can then save on federal taxes by using pre-tax dollars to pay for daycare expenses. Each additional dependent (spouse and two kids) is worth an additional $4K each in deductions on your federal tax return, the state of NJ pro...
by Grt2bOutdoors
Sun May 15, 2016 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Need help to start investing for retirement
Replies: 6
Views: 508

Re: Need help to start investing for retirement

Hi, I am 43 and have saved no money for retirement. I am freaking out at this point. Where do I start? And is it possible for me to retire in 20 years in any way shape or form? Any help would be appreciated. Thank you :happy Welcome Jen. No need to freak out quite yet, you still have time. Are you ...
by Grt2bOutdoors
Sun May 15, 2016 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Rich But Middle Class
Replies: 233
Views: 20823

Re: Rich But Middle Class

We'd ideally like to stay in this area and raise our girls here if we can continue to make it work financially. While there are pros and cons to every place, we feel there would be great benefits to growing up in a vibrant, diverse and sophisticated area, rich with history and tradition. We also li...
by Grt2bOutdoors
Sun May 15, 2016 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Rich But Middle Class
Replies: 233
Views: 20823

Re: Rich But Middle Class

Nothing but the facts - total population of the United States of America as of 7/4/2015 was 321.4 Million people. Middle class median income needed to live in a very high cost of living area (Manhattan, NYC) ranges between $85K to $235K per year Middle class median income in San Francisco, Californi...
by Grt2bOutdoors
Sun May 15, 2016 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!
Replies: 40
Views: 4339

Re: High Earner $150k/yr. Single VS Married with Kids Take Home Salary??? Help!

Do you own a home? If you put money in a dependent care FSA account, you can then save on federal taxes by using pre-tax dollars to pay for daycare expenses. Each additional dependent (spouse and two kids) is worth an additional $4K each in deductions on your federal tax return, the state of NJ prov...
by Grt2bOutdoors
Sat May 14, 2016 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20812

Re: Physician Retirement Savings

goingup wrote:
goodenyou wrote: It is a shame because the practice of medicine requires experience and experience requires time. We all lose when doctors retire at the peak of their experience in their 50's.

I was thinking this same thing and have a real preference for docs that have some grey hair!


Or no hair? :)
by Grt2bOutdoors
Sat May 14, 2016 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Safe? In Trouble? - 401K Retirement
Replies: 13
Views: 1606

Re: Safe? In Trouble? - 401K Retirement

You will not really know if you are "in trouble" until you are about ten years out from retirement. If you can max out your 401k and fund two Roth IRA accounts (you and spouse), you will most likely be fine. When/if you have additional monies that can be saved/invested, do so as it will on...
by Grt2bOutdoors
Sat May 14, 2016 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Factoring potential inheritance in financial planning
Replies: 17
Views: 1340

Re: Factoring potential inheritance in financial planning

No. You plan on winning a lottery (inheritances are a form of windfall much like a lottery winner), though until the ticket has been validated (probate of will) and the cash deposited into your account (bank check made payable to you and/or transfer of property deed into your name), I do not and wou...
by Grt2bOutdoors
Fri May 13, 2016 8:02 am
Forum: Investing - Help with Personal Investments
Topic: How do Bogleheads invest their 529s?
Replies: 28
Views: 1854

Re: How do Bogleheads invest their 529s?

I use the Utah Moderate age based allocation plan - the downside thus far with this plan is it's heavy allocation to International has muted the returns when compared to the Aggressive age based allocation plan. I also hold a small taxable UTMA account to complement the 529 plan, if needed.
by Grt2bOutdoors
Fri May 13, 2016 7:54 am
Forum: Personal Consumer Issues
Topic: How much do you give your church for your membership?
Replies: 57
Views: 2232

Re: How much do you give your church for your membership?

No membership fee, but there are ahem "suggested" fees for certain services such as weddings, funerals, baptism's that go to ministers. Musical arrangements to accompany those services are "extra". There is a collection plate passed around where envelopes and cold hard cash is pl...
by Grt2bOutdoors
Fri May 13, 2016 7:47 am
Forum: Investing - Help with Personal Investments
Topic: How do Bogleheads invest their 529s?
Replies: 28
Views: 1854

Re: How do Bogleheads invest their 529s?

We use a 529 plan mostly to encourage relatives to give monetary gifts instead of more toys to our daughter. The NY plan partners with U-Gift to allow other people to make contributions and see that it's actually going to her account. I haven't been convinced that it's worth making our own contribu...
by Grt2bOutdoors
Thu May 12, 2016 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20812

Re: Physician Retirement Savings

Love the critisizm because of my success You assume I lead a miserable life because I have invested wisely and work my tail off and have not bought the Mcmansion or fancy european cars I have a happy wife and 3 children who have everything they need within reason I live in a beautiful suburban town...
by Grt2bOutdoors
Thu May 12, 2016 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 212
Views: 20812

Re: Physician Retirement Savings

My wife is a family physician. I'm a former Federal employee now teaching HS. Honestly our lifestyle is closer to my teacher colleagues than her physician colleagues except that we travel more. We have 3 kids, the first of whom is approaching college age and are just now reaching 7 figures in our c...
by Grt2bOutdoors
Tue May 10, 2016 11:45 am
Forum: Investing - Theory, News & General
Topic: Central States Pension fund, what happens now?
Replies: 12
Views: 1994

Re: Central States Pension fund, what happens now?

Apples and oranges - you are comparing a fully funded NYS pension plan to that of one that is severely underfunded. Further, state pension is fully guaranteed by state constitution. Perhaps, NY state is well funded (I am trying to gather more information on that). But , as lhl12 points out, Chicago...
by Grt2bOutdoors
Tue May 10, 2016 10:43 am
Forum: Investing - Theory, News & General
Topic: Central States Pension fund, what happens now?
Replies: 12
Views: 1994

Re: Central States Pension fund, what happens now?

Apples and oranges - you are comparing a fully funded NYS pension plan to that of one that is severely underfunded. Further, state pension is fully guaranteed by state constitution.
by Grt2bOutdoors
Tue May 10, 2016 7:53 am
Forum: Investing - Theory, News & General
Topic: Biggest anomaly in finance
Replies: 9
Views: 2075

Re: Biggest anomaly in finance

It all comes down to marketing and playing on one's insecurities. No different than the dating world, sexy sells, plain and mundane does not.
by Grt2bOutdoors
Mon May 09, 2016 11:28 am
Forum: Investing - Theory, News & General
Topic: NY Federal Reserve President Signals Higher US Interest Rates
Replies: 26
Views: 2493

Re: NY Federal Reserve President Signals Higher US Interest Rates

There are two measures of inflation - the official rate and then my own personal consumption rate. I can tell you unequivocally, my own personal inflation rate has hit double digits in the last few years, most notably, the cost of health insurance is through the roof as is the cost of medication, r...
by Grt2bOutdoors
Mon May 09, 2016 7:32 am
Forum: Investing - Theory, News & General
Topic: NY Federal Reserve President Signals Higher US Interest Rates
Replies: 26
Views: 2493

Re: NY Federal Reserve President Signals Higher US Interest Rates

There are two measures of inflation - the official rate and then my own personal consumption rate. I can tell you unequivocally, my own personal inflation rate has hit double digits in the last few years, most notably, the cost of health insurance is through the roof as is the cost of medication, re...
by Grt2bOutdoors
Sun May 08, 2016 7:19 pm
Forum: Investing - Theory, News & General
Topic: Can someone dissect and explain BIICX? [BlackRock Multi Asset Income fund]
Replies: 7
Views: 636

Re: Can someone dissect and explain BIICX? [BlackRock Multi Asset Income fund]

This fund is approximately 64.7% fixed income, of that total, approximately 65% of those holdings are non-investment grade. I am not a fan of junk bonds, when taking risk I prefer equities where the upside is unlimited and the downside risks are known, the equity values could go to zero. Non-investm...
by Grt2bOutdoors
Sat May 07, 2016 10:49 am
Forum: Personal Finance (Not Investing)
Topic: 12 Student Loans: Calculating Payoff Right?
Replies: 17
Views: 1293

Re: 12 Student Loans: Calculating Payoff Right?

Of the above, I then grouped each by the interest rate and have as follows - All 5 Direct Unsubsidized Loans have 6.8% interest rate - 1 Direct Subsidized Loan has 4.5% interest rate - 2 Direct Subsidized Loans have 3.86% interest rate - 4 Direct Subsidized Loans have 3.4% interest rate With that s...
by Grt2bOutdoors
Fri May 06, 2016 3:19 pm
Forum: Personal Consumer Issues
Topic: how much cash do you carry in your wallet?
Replies: 152
Views: 13831

Re: how much cash do you carry in your wallet?

No less than $30 to $100. The cash business is alive and well in NYC.
by Grt2bOutdoors
Fri May 06, 2016 8:30 am
Forum: Investing - Theory, News & General
Topic: "When the Rich Jump Ship"
Replies: 6
Views: 2116

Re: "When the Rich Jump Ship"

The methodology the authors use to conclude that "the rich jump ship" is flawed IMO. It's flawed because it looks at capital gains and matches it up with demographic information from the IRS. What about those who sell to offset losers, what about those who sell to purchase a new car or oth...
by Grt2bOutdoors
Wed May 04, 2016 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Family member asks my advice about Employee Stock Purchase Plan
Replies: 18
Views: 1388

Re: Family member asks my advice about Employee Stock Purchase Plan

I know what an ESPP is, but the gates for each plan can be very different than what we may think. We really need to see the prospectus with the governing details in it to be specific in providing advice. This entity is an emerging growth company, emerging is another word for volatile and quite risky...
by Grt2bOutdoors
Wed May 04, 2016 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie...request critique of early retirement thoughts...
Replies: 9
Views: 1342

Re: Newbie...request critique of early retirement thoughts...

Hello and welcome to the forum! Recent evidence shows equity and fixed income markets are highly valued. The current estimated returns for equities are roughly 4-5%, the returns for fixed income range between 1-2%. How are you going to get 6% returns if the average estimate is below that range? You ...
by Grt2bOutdoors
Wed May 04, 2016 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Family member asks my advice about Employee Stock Purchase Plan
Replies: 18
Views: 1388

Re: Family member asks my advice about Employee Stock Purchase Plan

The ticker symbol is EVDY. The employee stock discount is 15%. That's all I really know. So far the few people responding seem to think these plans are often a good deal. And they may well be. But for a young, starting-out investor with few investments, it sill means putting a big bet on one horse....
by Grt2bOutdoors
Wed May 04, 2016 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Family member asks my advice about Employee Stock Purchase Plan
Replies: 18
Views: 1388

Re: Family member asks my advice about Employee Stock Purchase Plan

The ticker symbol is XXXX. The employee stock discount is 15%. That's all I really know. So far the few people responding seem to think these plans are often a good deal. And they may well be. But for a young, starting-out investor with few investments, it sill means putting a big bet on one horse....
by Grt2bOutdoors
Wed May 04, 2016 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo - Transfer Fees
Replies: 13
Views: 1420

Re: Wells Fargo - Transfer Fees

Normal account withdrawals via Automated Clearing House (ACH) - no charge. Special transfers via wire - either FED Wire or CHIPs or SWIFT for international wires will cost you money, since they require special "handling". There is manual labor on part of sending and receiving bank in proc...
by Grt2bOutdoors
Wed May 04, 2016 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: 32yo male - Contemplating Term Life Offers (had stage 0 skin cancer 7 years ago)
Replies: 5
Views: 964

Re: 32yo male - Contemplating Term Life Offers (had stage 0 skin cancer 7 years ago)

Which is more important? 1) Obtaining the life insurance coverage to insure a known and immediate need. 2) Bargain shopping to get the lowest possible price? I don't say this to be mean, but usually when shopping for life insurance one is doing so to get the coverage in place as soon as practical to...
by Grt2bOutdoors
Wed May 04, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo - Transfer Fees
Replies: 13
Views: 1420

Re: Wells Fargo - Transfer Fees

Normal account withdrawals via Automated Clearing House (ACH) - no charge. Special transfers via wire - either FED Wire or CHIPs or SWIFT for international wires will cost you money, since they require special "handling". There is manual labor on part of sending and receiving bank in proce...
by Grt2bOutdoors
Wed May 04, 2016 12:04 pm
Forum: Investing - Theory, News & General
Topic: "MetLife to Pay $25 Million"
Replies: 13
Views: 2292

Re: "MetLife to Pay $25 Million"

Seems like a small price to pay, a drop in the bucket for MetLife. Just another cost of doing business. The fine was the equivalent of a parking ticket. In 2015, MetLife earned $5.152 Billion, to put this fine in perspective, that $25 million amounted to less than 2 days of after-tax net income. Th...
by Grt2bOutdoors
Tue May 03, 2016 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage question for soon to be ex-husband
Replies: 12
Views: 1567

Re: Mortgage question for soon to be ex-husband

With Option 2, can the refinance requirement be enforced? Depending on the market in your area, perhaps a seller financed mortgage might be a possibility in his situation. No financial institution would agree to such a stipulation, and if it were hidden and made aware of later, it could force a man...
by Grt2bOutdoors
Tue May 03, 2016 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage question for soon to be ex-husband
Replies: 12
Views: 1567

Re: Mortgage question for soon to be ex-husband

Hi all, I found this web site while doing a Google search on my particular topic of interest, after not having much like on some divorce related web sites and discussion boards. Here is my situation: Me and my husband are both 42, married 9 years with no children (except our two Corgis). I told my ...
by Grt2bOutdoors
Tue May 03, 2016 8:33 pm
Forum: Personal Consumer Issues
Topic: Not at fault Car accident, should I file for Arbitration?
Replies: 26
Views: 1956

Re: Not at fault Car accident, should I file for Arbitration?

What benefit will you derive if the "other insurance company - that is, the insurance company of the out of state driver" would like to file for arbitration? Your insurance company is offering you 75% with you paying the remaining 25%? It's up to your insurance company to collect from the ...
by Grt2bOutdoors
Tue May 03, 2016 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance - hold or cash out?
Replies: 21
Views: 2076

Re: Whole Life Insurance - hold or cash out?

The $18K loss is a sunk cost. Your insurance broker/agent definitely was looking out for his best interest when he helped you "convert" the policy to MM. Should anyone else in the future offer to "help" you, the first question you should ask yourself is "what's in it for the...

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