Search found 14938 matches

by Grt2bOutdoors
Tue Jan 17, 2017 3:44 pm
Forum: Personal Consumer Issues
Topic: Iowa Steak Company
Replies: 3
Views: 180

Re: Iowa Steak Company

How many pounds? You could have gotten a good deal if it's under $3 a pound for filet mignon, but then again how do you know if the meat hasn't been bleached or is spoiled? I'd never buy meat from a door to door salesman.
by Grt2bOutdoors
Tue Jan 17, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?
Replies: 40
Views: 1616

Re: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?

In 2008/2009 you could have picked any number of recognizable blue chip names and quadrupled if not more, the amount you bet on. Unless you picked GE (still not back at it's previous high before the crash) or GM (went bankrupt and you lost it all). And of course, the broad market index has tripled ...
by Grt2bOutdoors
Tue Jan 17, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?
Replies: 40
Views: 1616

Re: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?

This strategy doesn't really make sense. If you really want to gamble, wouldn't the real money be in small-cap stocks? Stocks that are poorly researched, not covered by institutional investors, and with the potential for massive gains or massive losses (which is what you want - a gamble)? Gambling ...
by Grt2bOutdoors
Tue Jan 17, 2017 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Amount needed for retiring this year
Replies: 11
Views: 1402

Re: Retirement Amount needed for retiring this year

I would think health insurance will cost you as much as properly taxes, if not more. You need at least $3 million, don't count on a safe return of 5.5 percent either.
by Grt2bOutdoors
Mon Jan 16, 2017 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Should I pay off my mortgage?
Replies: 15
Views: 1101

Re: Should I pay off my mortgage?

I also vote for debt free. It will give you the freedom to put that extra 2k per month into the investment(s) of your choice. Good luck with your decision! The OP had talked about quitting their current employment and taking a less stressful/lower paying employment gig. With that in mind, why would...
by Grt2bOutdoors
Mon Jan 16, 2017 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Morgage Advice
Replies: 14
Views: 1365

Re: Morgage Advice

Still sounds like you're rushing it. I'd use some time renting (500 rent makes me jealous) to save up for a home down payment and let your credit score build up. Probably need to give it a year. And seriously, owning a home is mind bogglingly expensive. Realtor fees, repairs, property taxes, dumb t...
by Grt2bOutdoors
Mon Jan 16, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to cancel Term Life Policy
Replies: 2
Views: 352

Re: How to cancel Term Life Policy

Let the policy lapse by not paying the bill. No, it will not go to collections, you are not obliged to pay the bill therefore no collections. It is no different than not paying your auto insurance bill.
by Grt2bOutdoors
Mon Jan 16, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 127
Views: 10692

Re: "Millennials may need to double how much they save for retirement"

I'm pretty sure 15% savings has always been the "recommendation" even if it's not always expressly said. Consider the SS wage base is $118,500. 15% of that is ~$18,000 or, the max you can put into a 401k per year. Also consider that at 15% savings rate, it takes ~43 years until FI. Given ...
by Grt2bOutdoors
Mon Jan 16, 2017 10:32 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 127
Views: 10692

Re: "Millennials may need to double how much they save for retirement"

I would ilke to see a report from millennials on their parents who are retired or retiring now. I'd like to see millennials ask their parents how much they saved and invested every year so that they could reach this stage of their lives "retired" or "retiring now." I will bet th...
by Grt2bOutdoors
Sun Jan 15, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: 25 year old - Investing for Tomorrow Tips
Replies: 4
Views: 361

Re: 25 year old - Investing for Tomorrow Tips

I would do nothing before reading the following: The Little Book of Common Sense Investing - John Bogle The Only Guide to a Winning Investment Strategy - Larry Swedroe The Four Pillars of Investing - William Bernstein All About Asset Allocation - Rick Ferri Then, I would write an Investment Policy S...
by Grt2bOutdoors
Sat Jan 14, 2017 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Long Term Retirement Advice
Replies: 5
Views: 698

Re: Long Term Retirement Advice

Hello and welcome to the forum! As the other posters have said, you have way too many funds in your 401k plan. More does not always mean more returns, it can mean less, especially if the fund expense ratios are high or the performance fails to meet the markets returns. Please list out the expense ra...
by Grt2bOutdoors
Fri Jan 13, 2017 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: My Situation - Tips for Financial Freedom?
Replies: 16
Views: 2064

Re: My Situation - Tips for Financial Freedom?

Do you want to stop working altogether, or do you just want to leave your current job? If you are willing to take a lower-paying job, rather than retiring, you'll have a lot more options. These are all very helpful responses. Many thanks to all who have responded. Exactly the kinds of responses I w...
by Grt2bOutdoors
Fri Jan 13, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: What happens to balanced funds if interest rates rise?
Replies: 6
Views: 605

Re: What happens to balanced funds if interest rates rise?

One might compare Vanguard Wellesley Income Fund vs. Vanguard GNMA Fund. I don't think Wellesley takes as much of a hit as GNMA. Why would you compare an equity/fixed income fund (35/65) against a pure GNMA fund (100% fixed)? I believe as interest rates rise, mortgage holders stay put and don't ref...
by Grt2bOutdoors
Fri Jan 13, 2017 7:57 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 153
Views: 28111

Re: "Why 97% of People Don't Use 529 College Savings Plans."

My concern (a very nice one to have) was that we may end up with too much in the 529s and would be hit with penalties. There is no time limitation on a 529 plan, you don't pay taxes unless you make a non qualified withdrawal. If there is any excess in the plan, it could be used for graduate school ...
by Grt2bOutdoors
Fri Jan 13, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Dollar-Cost-Average over HOW MANY years?
Replies: 58
Views: 3326

Re: Dollar-Cost-Average over HOW MANY years?

Another vote for all in. 20 years from now the current all time high, will be in the rearview mirror. :happy +1 It's time in the market that counts. I went all in a few days ago, join me and if the market tanks, we can commiserate together. An IRA is a long term investment vehicle, chances are you ...
by Grt2bOutdoors
Fri Jan 13, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 45
Views: 3358

Re: Inquiring about familiy finances?

My wife doesn't think about finances. Ever. She could care less if we had 100% invested in GOOG, index funds, or all in a 0.1% APY 30-year CD. Her thoughts are "I'm glad you're interested in this, I'd be lost without you" anytime I talk money. She definitely was not in the conversation. S...
by Grt2bOutdoors
Fri Jan 13, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: FAFSA for High Net Worth Parents?
Replies: 53
Views: 3839

Re: FAFSA for High Net Worth Parents?

The schools may require it for them to comply with federal DOE standards/requirements. :annoyed Fill it out, it's free money. I'm sure you are prepared to get the letter saying your need-based aid is zero and your EFC is $99,999+
by Grt2bOutdoors
Fri Jan 13, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 127
Views: 10692

Re: "Millennials may need to double how much they save for retirement"

I never discussed what the employee wants or where the money comes from to support the system. I just find it ironic that some people, BlackRock, are focused on finding ways to require the employee to save more. I would bet that savings rates to 401Ks would increase if the match was more generous v...
by Grt2bOutdoors
Fri Jan 13, 2017 11:40 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 127
Views: 10692

Re: "Millennials may need to double how much they save for retirement"

Ask anyone if they would prefer prefer private sector employment to that of a public sector job that offers lower pay but better benefits. Let me know what the consensus is, I think you'll be surprised. I personally am happy to take deferred compensation/more in 401k match/etc. But I assume compani...
by Grt2bOutdoors
Fri Jan 13, 2017 11:36 am
Forum: Investing - Theory, News & General
Topic: "Millennials are falling behind their boomer parents"
Replies: 24
Views: 1677

Re: "Millennials are falling behind their boomer parents"

Almost everyone ended up going to university but a staggering number of my peers are just not graduating. I've seen a lot of gap years, studying part time, switching majors, or just failing a bunch of courses. Its not unusual for someone to have studied 7 years without earning their undergrad. This...
by Grt2bOutdoors
Fri Jan 13, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 127
Views: 10692

Re: "Millennials may need to double how much they save for retirement"

awizard wrote:The other tidbit employers do is make you wait months or even a year before you get any match to your contribution. Matching should start the same day you start to contribute.


+1, the reason they do that is part cash flow planning and part human resources to retain the employee.
by Grt2bOutdoors
Fri Jan 13, 2017 11:20 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 127
Views: 10692

Re: "Millennials may need to double how much they save for retirement"

This is my favorite part: "Among plan changes BlackRock suggests: higher default rates for employee contributions, requiring employees to contribute more to get the full match, auto enrolling older workers in “catch-up” programs that allow them to save more tax deferred, and making loans and e...
by Grt2bOutdoors
Thu Jan 12, 2017 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 133
Views: 13579

Re: Best Financial Moves You've Made

Opening an IRA at age 20. Consistently saving something even when I made little. Marrying a woman with like-minded values, interests and who is even more frugal than I. Living beneath our means - my frugal wife thankfully is not into shiny objects or frequenting restaurants. Brown-bagging lunch. Ope...
by Grt2bOutdoors
Thu Jan 12, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Tight Budget Noobie help with Retirement
Replies: 31
Views: 1752

Re: Tight Budget Noobie help with Retirement

You do have a tight budget situation. One thing I noticed -- Mortgage of 220K at 4.5% for 30 years comes to about $1050 while you list $1200 in your budget for the mortgage amount. Nice catch :shock: I try to over budget on some things so I know I'll be able to stay under budget in reality.. So, th...
by Grt2bOutdoors
Thu Jan 12, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: My Situation - Tips for Financial Freedom?
Replies: 16
Views: 2064

Re: My Situation - Tips for Financial Freedom?

A person who is financially independent, retires early in their 50's may need 30-33x annual expenses. Really, you think that's it? Wow...I would have expected it to be much, much more, considering the length of time someone would live with basically no income. If that 30x number is at all realistic...
by Grt2bOutdoors
Thu Jan 12, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: My Situation - Tips for Financial Freedom?
Replies: 16
Views: 2064

Re: My Situation - Tips for Financial Freedom?

A person who is financially independent, retires early in their 50's may need 30-33x annual expenses. Your current expenses are $45K. Current savings while impressive makes it look like you have 15x expenses saved, half way to the goal line. What's missing? Health insurance is the biggest sore thumb...
by Grt2bOutdoors
Thu Jan 12, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Tight Budget Noobie help with Retirement
Replies: 31
Views: 1752

Re: Tight Budget Noobie help with Retirement

How many years until the vehicles are paid off? That is the biggest budget buster. Not recommending you get rid of it, recommending that once you pay off the car loans, you save that money to be used for a new "used" car with low mileage next time around. Drive the new car until the wheels...
by Grt2bOutdoors
Thu Jan 12, 2017 8:07 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 159
Views: 8149

Re: How much do you typically spend in a restaurant?

Rodc wrote:
Teenagers can eat their weight in sushi - very expensive! So we have not done that in quite a while.


You may want to read this before you head out for sushi next time.......http://www.cnn.com/2017/01/11/health/sa ... index.html
by Grt2bOutdoors
Thu Jan 12, 2017 8:01 pm
Forum: Personal Consumer Issues
Topic: How much do you typically spend in a restaurant?
Replies: 159
Views: 8149

Re: How much do you typically spend in a restaurant?

... We live in central NJ, which is a HCOL area, but it's definitely not at NY city prices, and we do pick mid-range restaurants - Italian/ Japanese/ American/ Thai/ fusion, etc. ... While the quality of the restaurants in NJ may not be the same as in Manhattan, the prices are comparable. The excep...
by Grt2bOutdoors
Thu Jan 12, 2017 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: [Redemptions missing from Treasury Direct Account]
Replies: 20
Views: 966

Re: Fraud in Treasury Direct Account

I am so embarrassed. Found the money in our matched bank account. I'd forgotten that is how redemptions work. Checked it and there were the funds :oops: I'm now ready to check into local mental health as I have no recollection of the transaction. So sorry for having stirred this up. Don't be, it ha...
by Grt2bOutdoors
Thu Jan 12, 2017 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: How would a preservation of capital portfolio look like?
Replies: 8
Views: 747

Re: How would a preservation of capital portfolio look like?

Just how many grandchildren and what is the current cost of collegiate targeted schools? Vast difference in cost between community college and an Ivy or second tier school.
by Grt2bOutdoors
Thu Jan 12, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: I bond strategy
Replies: 37
Views: 2417

Re: I bond strategy

Gill wrote:I buy $10,000 every January and ignore everything else. Already made my purchase. Also just made my annual purchase of 10-year TIPS.
Gill


Do you purchase your TIPs in a tax-deferred retirement vehicle or in a taxable account?
by Grt2bOutdoors
Thu Jan 12, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 45
Views: 3358

Re: Inquiring about familiy finances?

Give him The Only Guide to a Winning Investment Strategy by Larry Swedroe or All About Asset Allocation by Rick Ferri or The Four Pillars of Investing by William Bernstein. Now that he's retired, he'll have plenty of time to read those classics.
by Grt2bOutdoors
Wed Jan 11, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 80
Views: 5951

Re: Where do you keep your emergency fund?

Cash in wallet
FDIC insured savings account
I bonds
EE bonds
Short Term Tax Exempt fund (was Intermediate but I TLH'd out of it).
by Grt2bOutdoors
Tue Jan 10, 2017 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: Investing help
Replies: 9
Views: 629

Re: Investing help

Hello All, I have gone through "bogleheads Three fund portfolio" and came up with below portfolio. Please go through below asset allocation and will require your advise. Overall Asset allocation percentages [including both IRA & Taxable accounts] Traditional IRA & Roth IRA combine...
by Grt2bOutdoors
Tue Jan 10, 2017 8:31 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 187
Views: 11528

Re: How Bad was 2008, really?

The lack of orderly markets and not allowing companies the right to fail that was my biggest concern. Because allowing the companies to fail in this case would be allowing the entire world economy to fail. I doubt it. People would continue to buy cars, just different cars. People would continue to ...
by Grt2bOutdoors
Tue Jan 10, 2017 7:42 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 187
Views: 11528

Re: How Bad was 2008, really?

The implications for having graduated into it the financial crisis lasted for years as each future employer based my new salary on my prior salary. Could you not "inflate" your previous salary so that you could at least earn a fair wage at your new job? Or did they somehow verify that inf...
by Grt2bOutdoors
Tue Jan 10, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: 529 - With 6 year horizon
Replies: 13
Views: 870

Re: 529 - With 6 year horizon

Currently this is in older one portfolio Aggressive Growth Portfolio $2,888.32 Developed Markets Index Portfolio $1,880.08 Small-Cap Stock Index Portfolio $1,997.36 Conservative Growth Portfolio $1,799.08 Bond Market Index Portfolio $877.84 Total Fund Assets $9,442.68 I stopped allocating in Octobe...
by Grt2bOutdoors
Tue Jan 10, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: 529 - With 6 year horizon
Replies: 13
Views: 870

Re: 529 - With 6 year horizon

If you are nervous about market valuations (even though there is no inherent valuable information in a Dow 20,000 milestone), given the relatively short timeframe between now and college, I would suggest you match your liabilities with the duration of your assets: that is, moving the 529 accounts t...
by Grt2bOutdoors
Tue Jan 10, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: 529 - With 6 year horizon
Replies: 13
Views: 870

Re: 529 - With 6 year horizon

Here are the websites for Utah and Vanguard. http://www.uesp.org and Vanguard 529 Plan - http://www.vanguard.com (aka the Nevada 529 Plan).
by Grt2bOutdoors
Tue Jan 10, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: 529 - With 6 year horizon
Replies: 13
Views: 870

Re: 529 Question

How is the account currently allocated? What investments are the monies invested in?
Do not listen to what others have done or experienced without having all of their information available - what was your friend invested in? How was it invested? When did they put the money into the account?
by Grt2bOutdoors
Tue Jan 10, 2017 2:18 pm
Forum: Personal Consumer Issues
Topic: Anyone else having trouble with unrequested CVS auto-refills?
Replies: 55
Views: 2516

Re: Anyone else having trouble with unrequested CVS auto-refills?

I had the prescription mailed to my home after I had already picked up the prescription at the retail store. I could not believe it.
by Grt2bOutdoors
Tue Jan 10, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 187
Views: 11528

Re: How Bad was 2008, really?

"Grt2bOutdoors" ------y.[- Always keep some dry powder on reserve, some folks say keep 6-9 months, in this regard, I disagree, better to keep enough to keep you afloat more than your neighbor - keep 2-3 years. Why? well if you need to ask that, then you need to read some more history. Goo...
by Grt2bOutdoors
Tue Jan 10, 2017 1:34 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 187
Views: 11528

Re: How Bad was 2008, really?

It was very bad. The financial system was close to collapse. I'm in corporate banking, and saw many of the world's largest financial institutions drop like flies....institutions that survived Great Depression, didn't survive this one. There were a couple days when my institution (probably the stron...
by Grt2bOutdoors
Tue Jan 10, 2017 1:32 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 187
Views: 11528

Re: How Bad was 2008, really?

A lot of doom and gloom about the drop here. Were ALL banks really in danger of going under? In my experience, many were hiring. I'll give a slightly different view: I was fresh out of college, my industry was hiring (not banking, another industry), and the only unemployed people I knew were classm...
by Grt2bOutdoors
Tue Jan 10, 2017 1:13 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 187
Views: 11528

Re: How Bad was 2008, really?

"Grt2bOutdoors" ------y.[- Always keep some dry powder on reserve, some folks say keep 6-9 months, in this regard, I disagree, better to keep enough to keep you afloat more than your neighbor - keep 2-3 years. Why? well if you need to ask that, then you need to read some more history. Goo...
by Grt2bOutdoors
Tue Jan 10, 2017 12:49 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 187
Views: 11528

Re: How Bad was 2008, really?

A lot of doom and gloom about the drop here. Were ALL banks really in danger of going under? In my experience, many were hiring. I'll give a slightly different view: I was fresh out of college, my industry was hiring (not banking, another industry), and the only unemployed people I knew were classm...
by Grt2bOutdoors
Tue Jan 10, 2017 11:47 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 187
Views: 11528

Re: How Bad was 2008, really?

How bad was it? Let's see - we had two major financial companies collapse, one seemingly overnight (Lehman) another not too far behind (Bear Stearns) whose stock price had once seen a high of $170 per share only to be sold for $2 per share to JPM Chase. We had zero trust on Wall Street, reputable fi...

Go to advanced search