Search found 16087 matches

by Grt2bOutdoors
Tue Jul 25, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k, Investment Choice Help
Replies: 7
Views: 196

Re: New 401k, Investment Choice Help

Your slice and dice is excluding about 30% of the market - midcap index and small cap index. If it's too cumbersome for you to slice and dice it, then just select the LIfepath Index most appropriate for your age and go with it.
by Grt2bOutdoors
Tue Jul 25, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Financial Adviser Free !
Replies: 13
Views: 1312

Re: Financial Adviser Free !

Buy this book or this other book, just in case the forum were to poof! disappear one day and us forum posters along with it - poof! you'll always have these tomes to guide you - The Only Guide to a Winning Investment Strategy You'll Ever Need - Larry Swedroe or The Little Book of Common Sense Invest...
by Grt2bOutdoors
Tue Jul 25, 2017 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Low risk return over 2.8%? Suggestions?
Replies: 15
Views: 862

Re: Low risk return over 2.8%? Suggestions?

More money has been lost reaching for yield, than at the point of a gun.
My suggestion - lock your money up in FDIC insured savings account(s) and be happy it's nice, safe and warm until the tax man cometh!
by Grt2bOutdoors
Tue Jul 25, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Advice on what to do now
Replies: 6
Views: 603

Re: Advice on what to do now

Once you partner up, the spending may come easier. :twisted: Or if fortunate to find a fellow Boglehead, you may find the spending to get harder. Forget the rental - being in the service you can be moved at a moment's notice, you do not want to be a long distance rental owner. Instead, investigate f...
by Grt2bOutdoors
Tue Jul 25, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Have a newborn, trying to figure out investments
Replies: 12
Views: 405

Re: Have a newborn, trying to figure out investments

That is not correct! The penalties only apply to the gains on principal contributions. So, if you contribute $75,000 and the account grows to $150,000 but then you don't use proceeds for qualified expenses and withdraw the monies, the 10% penalty applies to only $75,000 and the taxes only apply to ...
by Grt2bOutdoors
Tue Jul 25, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Have a newborn, trying to figure out investments
Replies: 12
Views: 405

Re: Have a newborn, trying to figure out investments

Congratulations on new addition. What is the point of a 529 plan? The point is to accumulate sufficient funds to pay for part if not all of higher education. What is the point of an UTMA? The point is to act as a vehicle in which completed gifts are held in trust for the benefit of a minor. The mon...
by Grt2bOutdoors
Tue Jul 25, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Have a newborn, trying to figure out investments
Replies: 12
Views: 405

Re: Have a newborn, trying to figure out investments

I don't really see the issue with a target date fund. Those are funds-of-funds that contain a mix of stocks and bonds set to an appropriate allocation. If you invest in something else, you are just throwing off your allocation but without the tax benefits. The issue isn't with the target date fund,...
by Grt2bOutdoors
Tue Jul 25, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Have a newborn, trying to figure out investments
Replies: 12
Views: 405

Re: Have a newborn, trying to figure out investments

Congratulations on new addition. What is the point of a 529 plan? The point is to accumulate sufficient funds to pay for part if not all of higher education. What is the point of an UTMA? The point is to act as a vehicle in which completed gifts are held in trust for the benefit of a minor. The mone...
by Grt2bOutdoors
Tue Jul 25, 2017 9:37 am
Forum: Investing - Theory, News & General
Topic: Time, not material goods, 'raises happiness'
Replies: 5
Views: 799

Re: Time, not material goods, 'raises happiness'

That and ability to interact with people on a social level. Retiring with no social support is a big problem.
by Grt2bOutdoors
Tue Jul 25, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Pay yourself first.
Replies: 42
Views: 2885

Re: Pay yourself first.

Every pay cycle - 401k and taxable account contribution.
After expenses, if anything is left over - 50% to investments, 50% to savings
Why savings? - to accumulate enough to fully fund next years IRA contribution upfront - If I don't accumulate enough, then fund IRA on monthly basis.
by Grt2bOutdoors
Tue Jul 25, 2017 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Investing Inheritance at age 24
Replies: 13
Views: 1044

Re: Investing Inheritance at age 24

One other point I failed to mention. You currently have $900 in a Roth 401k account, but your gross is $40-50K per year. Increase your annual contribution to that account, such that you are now contributing 15% of your gross pay into that account - that is $6K or $7.5K depending on salary. Use part ...
by Grt2bOutdoors
Tue Jul 25, 2017 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Investing Inheritance at age 24
Replies: 13
Views: 1044

Re: Investing Inheritance at age 24

Welcome! You are not going to lose it, instead you are going to set upon a voyage to improve your immediate and future financial picture. Take $5,000 and set it aside in an FDIC insured savings account to solidify your emergency fund. Next, if you have not yet contributed to your 2017 roth ira, depo...
by Grt2bOutdoors
Mon Jul 24, 2017 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Need portfolio advice for elderly parent
Replies: 3
Views: 268

Re: Need portfolio advice for elderly parent

Dump the advisor FAST!! Advisor is code for salesman. Your mother can do better using Vanguard funds and she does not need 7 funds. It would be helpful if you spell out names of funds, we dont have time to decipher symbols, but those expense ratios listed are atrocious. You can set up ladder of cd's...
by Grt2bOutdoors
Mon Jul 24, 2017 8:20 am
Forum: Personal Consumer Issues
Topic: Italy in August Trip (Rome, Florence, Venice)
Replies: 26
Views: 1101

Re: Italy in August Trip (Rome, Florence, Venice)

I will comment on this since you did not mention it - it will be hotter than hades in Rome and Florence. Wear light, loose clothing, keep hydrated. Rome - Il Trevi Fountains Colosseum Perhaps the Villa Borghese museum if you and wife are into art. Purchase tickets in advance online. Florence - Galle...
by Grt2bOutdoors
Sun Jul 23, 2017 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 50
Views: 2636

Re: What's you safety deposit box fee?

sport wrote:My bank charges $45 for a small box. By having sufficient deposits, I pay nothing for the box.


You do realize you are paying for it as am I, the balances are being invested by the bank, the interest earned on it is paying for the box and then some.
by Grt2bOutdoors
Sun Jul 23, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 50
Views: 2636

Re: What's you safety deposit box fee?

I can not disclose the bank name lest they get wind of this and raise the fees to make up for lost business in other areas - small box with compensatory balance to obtain a discount - $60. The next size up box runs around $110 (not that much bigger).
by Grt2bOutdoors
Sun Jul 23, 2017 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doing? (dual physician household)
Replies: 45
Views: 5116

Re: How am I doing? (dual physician household)

Although I fell out of my chair reading the early responses, I will behave better than my "colleagues" here and offer a suggestion. I think you need to think ahead to your retirement years. I realize you are tax-deferring as much as you can because of your tax bracket, but you are likely ...
by Grt2bOutdoors
Sun Jul 23, 2017 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Job loss insurance
Replies: 13
Views: 815

Re: Job loss insurance

Work on saving enough such that the total of your taxable portfolio exceeds that of 6 months and could potentially carry you for an extended period of time. Once you are in that position, you are essentially self-insured.
by Grt2bOutdoors
Sun Jul 23, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendation for Good Book on Personal Financial Planning?
Replies: 12
Views: 1531

Re: Recommendation for Good Book on Personal Financial Planning?

Reading the One Page Financial Plan now - by Carl Richards. While I have not quite finished it yet, it's a good book for those who are "lost" or those who want to improve their day to day finances and set the right course for saving/investing both near and long-term. Save some money, see i...
by Grt2bOutdoors
Sun Jul 23, 2017 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doing? (dual physician household)
Replies: 45
Views: 5116

Re: How am I doing? (dual physician household)

You could retire now at that expense level and with your assets. You are in the top 5% in net worth in the US, closing in on top 1%. You are doing more than fine. That depends on if the OP wants to leave a large estate to kids and if the OP wants to expand lifestyle - big difference between a Camry...
by Grt2bOutdoors
Sun Jul 23, 2017 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: How am I doing? (dual physician household)
Replies: 45
Views: 5116

Re: How am I doing? (dual physician household)

[Posts removed --admin LadyGeek] I see your point, the 529 plan is severely underfunded with two children and only 256 in the account. Ivy league caliber schools are running at 260K today and with the doc's income they can expect no financial aid once the schools view the CSS Profile and the FAFSA....
by Grt2bOutdoors
Sun Jul 23, 2017 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 106
Views: 4623

Re: Investing Education and Mansplaining

Gotcha! Okay, folks can say what they want about her, but girlfriend her "can you afford it videos on YouTube are the best. Got that girlfriend, Suze Orman. Not that woman'splaining is any better! :oops:
by Grt2bOutdoors
Sat Jul 22, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: 50yo 80/20 AA please evaluate
Replies: 7
Views: 945

Re: 50yo 80/20 AA please evaluate

He currently has 60K in retirement and will save $21.5K each year for the next 15 years. At a 5% growth rate the account will be worth roughly $600K. You could expect to withdraw roughly $22-$24K per year. What will social security project his annual benefit will be? How much does he project his ann...
by Grt2bOutdoors
Sat Jul 22, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: When doing retirement planning, do you count your spouse's savings?
Replies: 28
Views: 2187

Re: When doing retirement planning, do you count your spouse's savings?

When making decisions, do you include your significant other/wife in the decision making process or do you exclude her? Of course you should include it, unless of course both have an understanding with each other that what is yours is hers, but what is hers is HERS! :twisted: Why get married if you ...
by Grt2bOutdoors
Fri Jul 21, 2017 8:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash to hold for ~2-4 yr home buying time horizon
Replies: 12
Views: 993

Re: How much cash to hold for ~2-4 yr home buying time horizon

How much cash can you save between now and the time of 2-4 year home buying horizon? You need $200K - you have $150K in cash now, you have $30K in I bonds which are essentially cash since they can be easily liquidated with short turn around when you hit "sell". You need $20K more and you ...
by Grt2bOutdoors
Fri Jul 21, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone set portfolio goals and rewards?
Replies: 35
Views: 2036

Re: Does anyone set portfolio goals and rewards?

what is ppg? sounds like you are thinking of purchasing a share of Pittsburgh Plate Glass? :?:
by Grt2bOutdoors
Fri Jul 21, 2017 8:03 pm
Forum: Personal Consumer Issues
Topic: Am I getting good advice - replace the AC, not the 21 year old furnace
Replies: 33
Views: 2416

Re: Am I getting good advice - replace the AC, not the 21 year old furnace

How much would it cost to get both A/C and furnace together?
by Grt2bOutdoors
Fri Jul 21, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much cash to hold for ~2-4 yr home buying time horizon
Replies: 12
Views: 993

Re: How much cash to hold for ~2-4 yr home buying time horizon

How much cash can you save between now and the time of 2-4 year home buying horizon? You need $200K - you have $150K in cash now, you have $30K in I bonds which are essentially cash since they can be easily liquidated with short turn around when you hit "sell". You need $20K more and you h...
by Grt2bOutdoors
Fri Jul 21, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: Feedback on large portfolio - moving to self-directed
Replies: 23
Views: 1084

Re: Feedback on large portfolio - moving to self-directed

The larger problem here is you are holding a concentrated position in employer that is unhedged, the risk is not diversified - what steps are you willing to take to reduce it below 10 percent of your overall holdings, if any? What is beta of employer stock to that of general market? Yes, this is a ...
by Grt2bOutdoors
Fri Jul 21, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Feedback on large portfolio - moving to self-directed
Replies: 23
Views: 1084

Re: Feedback on large portfolio - moving to self-directed

A 50 percent decline in equities market will cause a 70 percent equity allocation to result in portfolio devaluation of $7 million. The larger problem here is you are holding a concentrated position in employer that is unhedged, the risk is not diversified - what steps are you willing to take to red...
by Grt2bOutdoors
Fri Jul 21, 2017 1:58 pm
Forum: Investing - Theory, News & General
Topic: Do you find financial advisors to be all that bright?
Replies: 53
Views: 4540

Re: Do you find financial advisors to be all that bright?

FYI - Ayco is Goldman. It's a Goldman subsidiary based in Albany, NY. And no, I'm not overly impressed with their services, hence me not using them. They are good for use as a sounding board because frankly, most people are not good with personal finances. Ayco is usually retained by your employer t...
by Grt2bOutdoors
Fri Jul 21, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Kicking the net worth habit
Replies: 47
Views: 4989

Re: Kicking the net worth habit

I used to calculate my net worth as a metric for how I was doing financially. Now I am mostly retired, I am beginning to realize the inadequacy of this approach. If my net worth increases over time, is it good or bad? I have no interest in leaving an estate, so a failure of my net worth to decline ...
by Grt2bOutdoors
Thu Jul 20, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: Investing well for Retirement can be frustrating
Replies: 52
Views: 3575

Re: Investing well for Retirement can be frustrating

Exactly where you are coming from. I can not talk personal accomplishments regarding balance sheet or income statement at work or with family because it will lead to alot of bad feelings of inadequacy on their part. But they overlook that part (bad feelings) when commenting on my 21 year old car whi...
by Grt2bOutdoors
Thu Jul 20, 2017 8:46 am
Forum: Investing - Theory, News & General
Topic: Most Americans don't trust financial advisers
Replies: 62
Views: 5502

Re: Most Americans don't trust financial advisers

I have discussed investing with many people who are in their 30's and 40's. Most of them are illiterate when it comes to investing. Their experience is limited to a presentation by the investment firm managing their company's 401k plan. Their anecdotes about these presentations are ludicrous. They ...
by Grt2bOutdoors
Thu Jul 20, 2017 8:12 am
Forum: Investing - Help with Personal Investments
Topic: 529 plan and first child on the way
Replies: 11
Views: 714

Re: 529 plan and first child on the way

http://www.nysaves.org Do not waste your time with Vanguard or any other provider. The NYS529Direct Plan offers low expenses and Vanguard funds, there is no load and NYS allows you to deduct contributions up to $10K per married couple into a 529 plan. Under current law ( alot can change in 18 years)...
by Grt2bOutdoors
Wed Jul 19, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 114
Views: 5117

Re: Would you let your teenager spend all his savings on a gaming computer?

Is your computer upgradable? As in, you dont need to spend so much building a new one, just add a new graphics card to allow for gaming?
by Grt2bOutdoors
Wed Jul 19, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: 401k "stupid" questions
Replies: 5
Views: 528

Re: 401k "stupid" questions

No.
If you are comfortable with current allocation, leave it alone. Total market is approximately 80 percent large cap, 14 percent midcap and 6 percent small cap. More or less.
by Grt2bOutdoors
Wed Jul 19, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Investing, Saving, Debt reduction
Replies: 26
Views: 1993

Re: Advice Needed - Investing, Saving, Debt reduction

i think that I could pay off my house in 2 years. My thought was that would free me from ANY debt and allow me to focus on maxing my retirement savings and 529's . Having had so much debt and paying it off it has really made me debt adverse. I don't want any kind of debt. I know that there are diff...
by Grt2bOutdoors
Wed Jul 19, 2017 1:09 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 146
Views: 10111

Re: Books not to read.

The Great Crash Ahead (2011) - Harry Dent, Jr.
The Great Depression Ahead (2010) - Harry Dent Jr.
The Sale of a Lifetime - How the Great Bubble Burst of 2017-2019 Can Make You Rich - (2017) - Harry Dent, Jr.
Dow 36,000 - Glassman and Hassett (1999)
by Grt2bOutdoors
Wed Jul 19, 2017 1:03 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 146
Views: 10111

Re: Books not to read.

But what would be the point in living one's entire life frugally, unless we simply consider ourselves as machines for creating wealth to be transmitted to heirs ? What's wrong with having enough? You think the point of life is to spend every cent you have, and that will make you happier? Concerning...
by Grt2bOutdoors
Wed Jul 19, 2017 12:26 pm
Forum: Investing - Theory, News & General
Topic: Most Americans don't trust financial advisers
Replies: 62
Views: 5502

Re: Most Americans don't trust financial advisers

I don't blame them. Why would you trust someone who does one or more of the following?: - develops a portfolio for you comprised of 15 or more actively managed high expense ratio or front-end loaded mutual funds in a taxable account leaving you to figure out the tax implications each year - does not...
by Grt2bOutdoors
Tue Jul 18, 2017 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: cost basis for certificated shares from 1990 - and 3 splits since
Replies: 9
Views: 546

Re: cost basis for certificated shares from 1990 - and 3 splits since

At the time of the split in 2001, I would have expected that you would have been notified & either told the new shares would be issued only in book form or at least given that option. You're right about cutting the per share cost basis in half, although the total cost basis would stay the same....
by Grt2bOutdoors
Tue Jul 18, 2017 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Not raising rent for 10 years in California
Replies: 17
Views: 2506

Re: Not raising rent for 10 years in California

A friend of ours that has several rentals in California told my wife that if the landlord does not raise the rent on a tenant for 10 years that the tenant can claim ownership of the house. I find this very unlikely. Has anyone heard of anything like this? Have your friend point to the California st...
by Grt2bOutdoors
Tue Jul 18, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Considering pension plan in asset allocation
Replies: 37
Views: 1397

Re: Considering pension plan in asset allocation

Why would you give up a guaranteed 4% in a world where fixed income yields 3% or less? Why would you give up an annuity that could be potentially more lucrative than that offered by outside 3rd party insurance companies offering the same type of annuity product? I would not consider it in your asset...
by Grt2bOutdoors
Tue Jul 18, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie and New Parent: Help w/ Retirement and 529
Replies: 28
Views: 2070

Re: Newbie and New Parent: Help w/ Retirement and 529

AndyFromPennsylvania wrote:
Cool! First time hearing of a UTMA. Thanks for the education.


The source on the in's and out's of UTMA's: http://fairmark.com/kids-college/utma/
by Grt2bOutdoors
Tue Jul 18, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rates in 3 years?
Replies: 26
Views: 2271

Re: Mortgage Rates in 3 years?

Interest only mortgage One word - ARM! Adjustable Rate Mortgage. FHA mortgages You have 3 years to learn the ins and outs of mortgage financing. If you went to get a mortgage today, i can easily see you falling victim to unscrupulous mortgage broker who will make it seem as if everything is hunky do...
by Grt2bOutdoors
Tue Jul 18, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rates in 3 years?
Replies: 26
Views: 2271

Re: Mortgage Rates in 3 years?

Does your girlfriend work? She "wants", but what do you "need"? As the others have said, dont go looking at homes now, get rid of the monthly payment mindset. Instead focus on accumulating the biggest down payment fund because the more money you have, the more options you have. H...
by Grt2bOutdoors
Mon Jul 17, 2017 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie and New Parent: Help w/ Retirement and 529
Replies: 28
Views: 2070

Re: Newbie and New Parent: Help w/ Retirement and 529

Hey Bogleheads! This is my first post. I apologize ahead of time if my etiquette is lacking. Trying to learn/develop a plan for retirement as well as start saving for college. My wife and I are new homeowners and new parents as of this year. Knowing very little about investing and when the June 201...
by Grt2bOutdoors
Mon Jul 17, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 5566

Re: Investment advice for $4 million - can I do all stocks?

I'm a little lost: You say you guys are about to hit the 4 M mark, yet your assets are 1 M in 401 K plus 1 M in stocks. Do you mean for each one of you ? Sorry for the confusion - I'm talking combined assets. I meant that we're not going to touch those assets for 10 years so I can imagine them doub...
by Grt2bOutdoors
Mon Jul 17, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for $4 million - can I do all stocks?
Replies: 72
Views: 5566

Re: Investment advice for $4 million - can I do all stocks?

You see the upside....but can you see the downside and do you really know your own temperament well enough that if the downside were to occur you will not incur regret? The street is littered with stories of those who had it made and lost it because of similar thinking - can do all stock because the...

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