Search found 13424 matches

by Grt2bOutdoors
Sat Feb 06, 2016 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: is it realistic for me to retire in 15 years?
Replies: 19
Views: 1590

Re: is it realistic for me to retire in 15 years?

Accumulate 33x annual spending expense after-tax, then you can think about retirement, you likely are not there yet but only you will know for sure.
by Grt2bOutdoors
Sat Feb 06, 2016 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: Participating Regular Premium Endowment Insurance Plan
Replies: 5
Views: 324

Re: Participating Regular Premium Endowment Insurance Plan

Never confuse life insurance with investing. If you want life insurance buy 20 year term insurance, then take remainder of premiums and invest in a 3 fund portfolio (60/40), betcha you outperform the life insurance company in either scenario of you living or dying within 20 year period. Being paid 1...
by Grt2bOutdoors
Sat Feb 06, 2016 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: My portfolio
Replies: 4
Views: 573

Re: My portfolio

Market timing is a losers game. You should select an asset allocation plan along with an Investment Policy Statement and follow it. Going with your gut is not a plan -you don't win games, marathons, battles or wars by "going with your gut". Read the book All About Asset Allocation by Rick ...
by Grt2bOutdoors
Sat Feb 06, 2016 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investement decisions. Both teachers and two babies
Replies: 13
Views: 666

Re: Help with investement decisions. Both teachers and two babies

Do not use a bank sold 529 plan, not only do they charge you a sales commission, the expense ratio for the NJ plan are higher than what we consider is acceptable. Instead, consider using the NYS529 Direct Plan which uses Vanguard funds and super low expense ratio of 0.16. Also, no sales commission i...
by Grt2bOutdoors
Sat Feb 06, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing my coop apt nyc taxes
Replies: 2
Views: 415

Re: Leasing my coop apt nyc taxes

Hi, I'm thinking about leasing my coop apt and trying to understand how taxes would work. Let's say my mortgage was $500 and my coop maintenance was $500 totaling $1000 and I lease out my apt to a tenant for $1100 a month. At the end of the year, would the $1200 net profit only be taxable plus the ...
by Grt2bOutdoors
Sat Feb 06, 2016 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Question
Replies: 45
Views: 1579

Re: 529 Question

Prices are not going to grow to the sky forever, eventually the high priced colleges and universities are going to price themselves into extinction. The power of choice, most rational folks are going to exercise it.
by Grt2bOutdoors
Wed Feb 03, 2016 7:52 am
Forum: Investing - Theory, News & General
Topic: "Money in the stock market isn't real money"
Replies: 55
Views: 4968

Re: "Money in the stock market isn't real money"

investingdad wrote:
zaboomafoozarg wrote:"How Can Stocks Be Real If Our Money Isn't Real?"

- attributed to Jaden Smith


Truly an example of highly privileged by birth meeting highly uneducated by choice.


+1 - why anyone gives this person a soapbox to spew garbage that is then spread to the general public is beyond me.
by Grt2bOutdoors
Tue Feb 02, 2016 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Physician buying an 850k vs 1.25m house
Replies: 54
Views: 5064

Re: Physician buying an 850k vs 1.25m house

Tremendously wise advice ! Points well taken. I had initially ruled out renting as the costs of moving out of the rental (again) as well as the costs of missing out on the historically low interest rates and tax deductions did not make sense in my mind. That said, I will slow down and re-consider r...
by Grt2bOutdoors
Tue Feb 02, 2016 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Friend is an Edward Jones financial advisor -- should I drop him?
Replies: 51
Views: 5170

Re: Friend is an Edward Jones financial advisor -- should I drop him?

Hello, a family friend of ours was recently laid off at his law firm and now just started working at a local Edward Jones as a financial advisor. He began reaching out to family and friends in order to build up his clientele. My wife and I are in our 20s/30s and recently married with a new house, b...
by Grt2bOutdoors
Tue Feb 02, 2016 8:08 pm
Forum: Personal Consumer Issues
Topic: Cost of home addition? Should I do it?
Replies: 44
Views: 2915

Re: Cost of home addition? Should I do it?

Additions are always more expensive than new build. Figure 150 to 200 dollars a square foot. I agree with $200 on low end - price of materials have been increasing far above general inflation, skilled labor is costly while general laborers are not as costly, depending on business owner the profit m...
by Grt2bOutdoors
Tue Feb 02, 2016 7:57 pm
Forum: Personal Consumer Issues
Topic: Cost of home addition? Should I do it?
Replies: 44
Views: 2915

Re: Cost of home addition? Should I do it?

I went through something similar and if I had to do it again, I would not. Are you planning on living in said home while construction is ongoing?, if yes be prepared for lots and lots of dust, noise and more dust and dirt. As noted above, a good architect is worth their weight in gold, you want to b...
by Grt2bOutdoors
Mon Feb 01, 2016 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Is Federal Reserve Employment PLSF Eligible?
Replies: 4
Views: 523

Re: Is Federal Reserve Employment PLSF Eligible?

A friend of mine used to work as an examiner for the FRB. He said that they could only ask for "corporate" rate, not "government" rate whenever they booked hotel rooms. I think the op should ask the FRB for a clarification. ^^ That, and I would not have volunteered where the OP ...
by Grt2bOutdoors
Mon Feb 01, 2016 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Moved from NJ to AZ [Residency for tax purposes]
Replies: 19
Views: 1893

Re: Moved from NJ to AZ

Questions as to income: I only receive Social Security so I am not in a high income bracket. In addition, I have no children living with me. Almost there http://www.state.nj.us/treasury/taxation/njit26.shtml You will need to file a NJ resident tax form for the time you did spend in NJ. You may or m...
by Grt2bOutdoors
Mon Feb 01, 2016 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Survey [Property survey when purchasing home]
Replies: 2
Views: 355

Re: Mortgage Survey [Property survey when purchasing home]

Generally speaking, any person(s) like a bank or mortgage company lending you money will want a title search done on said property. The title company will obtain a copy of the survey and pass the costs onto the lender, who in turn will bill you for it in the form of closing costs. The local taxing a...
by Grt2bOutdoors
Sun Jan 31, 2016 6:26 pm
Forum: Personal Consumer Issues
Topic: Replacing timing belt on 2009 Accord(Do it or sell?)
Replies: 66
Views: 3393

Re: Replacing timing belt on 2009 Accord(Do it or sell?)

I own a 2009 Accord(71k miles) and I'm approaching the recommended time to replace the timing belt/water pump. The dealer price for this maintenance is $650. That's obviously an expensive maintenance and I'm trying to weigh the decision of replace the belt and keep the car vs buy a new accord. My q...
by Grt2bOutdoors
Sun Jan 31, 2016 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Just not interested any more [in investing]
Replies: 42
Views: 7130

Re: Just not interested any more [in investing]

I guess the whole Boglehead goal is to spend less time worrying about investing etc...and more time living your life....I get that...I didn't expect to become so disinterested in everything finance / investing related. Is this a bad thing? You have arrived! Congratulations on having crossed over fr...
by Grt2bOutdoors
Sat Jan 30, 2016 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Good idea to buy a house in Canada now?
Replies: 1
Views: 317

Re: Good idea to buy a house in Canada now?

Canada in in the midst of a huge housing bubble. Would not be in a hurry to buy in Vancouver and Toronto, likely Calgary will be tanking if it hasn't happened yet with decline in prices of commodities.
by Grt2bOutdoors
Sat Jan 30, 2016 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Two spenders and buying a house
Replies: 43
Views: 3812

Re: Two spenders and buying a house

Owning 18 acres with trees is miles away from buying a timber REIT. I'm simply pointing out that owning 18 acres does not have to be the money pit that many here make it out to be. The extra expenses can be offset by some income that the property can produce, or will produce in the future. One isn'...
by Grt2bOutdoors
Sat Jan 30, 2016 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: Two spenders and buying a house
Replies: 43
Views: 3812

Re: Two spenders and buying a house

I just want to point out that 18 acres is an asset that has value rather than a liability as some here are trying to advise. There will I'm sure be marketable timber at some point and being close to Dr's etc it sounds like potential for development in the future. I'm not trying to advise what to do...
by Grt2bOutdoors
Sat Jan 30, 2016 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Two spenders and buying a house
Replies: 43
Views: 3812

Re: Two spenders and buying a house

Is the property in a fire district (service by a fire department)? How long would it take for emergency personnel to get to the property? If someone yelled for help, can any neighbors hear it? (just throwing out some ideas for you to consider . . .) Ding, ding, ding. +1 We have a winner! I'm sure t...
by Grt2bOutdoors
Tue Jan 26, 2016 1:23 pm
Forum: Investing - Theory, News & General
Topic: What is your favorite Financial Quote or Metaphor??
Replies: 179
Views: 9318

Re: What is your favorite Financial Quote or Metaphor??

Compound interest - the eight wonder of the world! - Benjamin Franklin An investment in knowledge always pays the best interest - Benjamin Franklin A small leak will sink a great ship - Poor Richard from Benjamin Franklin's Way to Wealth (1758). You know who's been swimming naked, when the tide goes...
by Grt2bOutdoors
Sun Jan 24, 2016 6:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: Hope everyone is well [Preparing for Eastern US blizzard]
Replies: 102
Views: 4979

Re: Hope everyone is well [Preparing for Eastern US blizzard]

Folks, 30" of snow in my neighborhood. I cannot get out. My snow blower is only rated for 12" of snow. It helps but I still need to shovel. KlangFool 27" of snow in mine. Went out in the storm yesterday after a foot was on the ground, made for a bit easier cleaning today. Nonetheless...
by Grt2bOutdoors
Sat Jan 23, 2016 12:16 pm
Forum: Local Chapters and Bogleheads Community
Topic: Hope everyone is well [Preparing for Eastern US blizzard]
Replies: 102
Views: 4979

Re: Hope everyone is well [Preparing for Eastern US blizzard]

Have a little compassion folks and I hope everyone stays safe and warm. Tough crew on this board. :wink: I feel for folks who've never experienced a significant snowfall, even those who have can experience hardships. A fellow colleague passed on after over exertion due to shoveling snow in the 2010...
by Grt2bOutdoors
Sat Jan 23, 2016 12:11 pm
Forum: Personal Consumer Issues
Topic: What was your biggest unexpected home expense?
Replies: 85
Views: 6900

Re: What was your biggest unexpected home expense?

$15K for replacing two layers of roofing and re-roofing the entire home. I intend to stay and get my monies worth out of it. $10K + umpteem months of negotiating with town officials to have trees on my own property removed - between the town forester and former owners who were big fans of "shad...
by Grt2bOutdoors
Sat Jan 23, 2016 11:38 am
Forum: Local Chapters and Bogleheads Community
Topic: Hope everyone is well [Preparing for Eastern US blizzard]
Replies: 102
Views: 4979

Re: Hope everyone is well [Preparing for Eastern US blizzard]

I'm up to 14" snow and am experiencing occasional white-out conditions. So far, power is on. 12" here, power is still on, but the winds have been kicking up. The town has plowed my street 4x so far, as I look out my window it looks like they never touched it. Thinking about going out and ...
by Grt2bOutdoors
Sat Jan 23, 2016 11:35 am
Forum: Local Chapters and Bogleheads Community
Topic: Hope everyone is well [Preparing for Eastern US blizzard]
Replies: 102
Views: 4979

Re: Hope everyone is well [Preparing for Eastern US blizzard]

I feel bad for DC, from what I know, they are not well-equipped to handle 2 feet of snow. So, stay safe! This is true. I live in the DC suburbs in northern VA and the snow is coming down pretty good right now. I don't necessarily mind the snow...my biggest concern is the likelihood of a long power ...
by Grt2bOutdoors
Fri Jan 22, 2016 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: What would a Boglehead do? (CC Debt Dilemma)
Replies: 62
Views: 3813

Re: What would a Boglehead do? (CC Debt Dilemma)

After doing all of the above, I'd cut those cards up - carrying 9 cards? Why? If you held 4 cards, each with the closing dates being equally sequential in terms of weeks - week 1, week 2, week 3 and week 4 of each month, you'd be able to "float" the balance about 1 month before it came due...
by Grt2bOutdoors
Sun Jan 17, 2016 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1079

Re: Megacorp using Master Trust, High fee 401k plan. Why?

A master trust agreement is used to obtain the greatest cost efficiency by incorporating all of the individual participant accounts under one trust vehicle and using those participants assets to negotiate the lowest fees from custodian, asset management companies, administrative expenses. Given what...
by Grt2bOutdoors
Sun Jan 17, 2016 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1079

Re: Megacorp using Master Trust, High fee 401k plan. Why?

The costs charged per plan are affected by many cost variables; assets under custody, securities lending revenues have narrowed over time reducing cost offset, relationship with plan administrator may affect level of plan charges. As you say $2bn in assets is not that large for a mega Corp. A typica...
by Grt2bOutdoors
Sun Jan 17, 2016 5:17 pm
Forum: Personal Consumer Issues
Topic: Bank of America disses older clients
Replies: 24
Views: 2490

Re: Bank of America disses older clients

As one gets older they tend to develop a thick skin. Some take longer to get to that level.
by Grt2bOutdoors
Sun Jan 17, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Neighbors - retired, with low income, high home equity
Replies: 25
Views: 4070

Re: Neighbors - retired, with low income, high home equity

While this is a high cost area, the biggest contributor to the high cost is housing. Get the mortgage (or rent) off the table, and it is not all that bad - especially if you are content to live "modestly". The very generous real estate tax exemption or deferral (depending on income level ...
by Grt2bOutdoors
Sun Jan 17, 2016 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp using Master Trust, High fee 401k plan. Why?
Replies: 20
Views: 1079

Re: Megacorp using Master Trust, High fee 401k plan. Why?

Master trust is the pension fund structure. A master trust is a defined benefit plan. You are not providing enough details on the plan structure to give you a better answer. Approach your benefits department/administrator for a copy of the annual fee disclosure and plan details. Then update your post.
by Grt2bOutdoors
Sun Jan 17, 2016 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Help re: job offer British embassy
Replies: 12
Views: 1304

Re: Help re: job offer British embassy

livesoft wrote:Which British Embassy? LOL!


The British consulate in NYC!
by Grt2bOutdoors
Sun Jan 17, 2016 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Where does the "need" to max out all retirements accounts come from?
Replies: 55
Views: 5060

Re: Where does the "need" to max out all retirements accounts come from?

... Especially in 403(b) plans where the tax deferred limit, including mandatory and employer contributions, can be as high as $53,000 per year, it's "easy" after forty years to end up in the 28% marginal Federal bracket in retirement vs the 25% bracket in latter employment years. A smart...
by Grt2bOutdoors
Sun Jan 17, 2016 9:18 am
Forum: Investing - Help with Personal Investments
Topic: 529 vs Pre-Paid Plan in Massachusetts?
Replies: 13
Views: 1049

Re: 529 vs Pre-Paid Plan in Massachusetts?

For all of the reason you list, especially guaranteeing college costs at today's prices - I'd use the pre-paid plan and lock in your costs. At worst, you'll receive CPI. I looked into this plan but opted not to use it because I'm not a resident of Massachusetts.
by Grt2bOutdoors
Sat Jan 16, 2016 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Where does the "need" to max out all retirements accounts come from?
Replies: 55
Views: 5060

Re: Where does the "need" to max out all retirements accounts come from?

Betterfinances: A general guideline of how much you have to save, to live a lifestyle in retirement the same as you did before, is that you have to save enough to meet the following portfolio guidelines during your life: By the age of 35...1X Total Pretax Household Income 45...3x TPHI 55...6x TPHI ...
by Grt2bOutdoors
Sat Jan 16, 2016 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Where does the "need" to max out all retirements accounts come from?
Replies: 55
Views: 5060

Re: Where does the "need" to max out all retirements accounts come from?

Those who have experienced deprivation understand the desire to never return to that place. Those who have never experienced deprivation, believing that what is normal today will be normal tomorrow are going to be in for a mighty rude awakening should that day ever occur. Those who max out savings, ...
by Grt2bOutdoors
Fri Jan 15, 2016 3:57 pm
Forum: Investing - Theory, News & General
Topic: here it came "capitulation day" ...today
Replies: 3
Views: 1045

Re: HERE IT CAME "CAPITULATION DAY" ...TODAY

Not even close to Capitulation Day, nice try....but no cigar. Come back and say you've jumped in when the market drops 3,000 points in one day - that will be capitulation day.
by Grt2bOutdoors
Fri Jan 15, 2016 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me decide if buying my first house is smart financially?
Replies: 29
Views: 2290

Re: Please help me decide if buying my first house is smart financially?

OP, You have 200K in asset. If you buy a 500K house and put down 100K, you have only 100K left. You make 160K to 240K per year. Let's take the middle and say 200K per year. You only have asset of 100K aka 6 months of your income. In summary, if all hell break lose and you are unemployed for 6 month...
by Grt2bOutdoors
Fri Jan 15, 2016 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: My 401(K) -13% (1yr)
Replies: 26
Views: 1996

Re: My 401(K) -13% (1yr)

I started a new 401k a year and a few months ago. I maxed it out in order to transfer taxable money into it. I've become quite conservative after losing a lot in the market. I started off with 30% stock, 30% bonds 40% cash. My ultimate goal was 50/50 stocks and bonds (I'm age 30) but I wanted to so...
by Grt2bOutdoors
Fri Jan 15, 2016 12:42 pm
Forum: Investing - Theory, News & General
Topic: Who's buyin' today?
Replies: 127
Views: 10671

Re: Who's buyin' today?

I am - Total Stock, Total International, Bond Index, Emerging Mkts.
by Grt2bOutdoors
Fri Jan 15, 2016 12:35 pm
Forum: Investing - Theory, News & General
Topic: I'm sitting here watching FOX Business...14200??
Replies: 92
Views: 7528

Re: I'm sitting here watching FOX Business...14200??

What difference does it make? I didn't sell anything in 2000-1 or 2008-9 Not about to start now The downturn in 2000-1 and 2008-9 did not impact me because like you I bought all way down, maintained my asset allocation and I was fine over time. This downturn terrifies me and it will have a much big...
by Grt2bOutdoors
Fri Jan 15, 2016 12:32 pm
Forum: Investing - Theory, News & General
Topic: I'm sitting here watching FOX Business...14200??
Replies: 92
Views: 7528

Re: I'm sitting here watching FOX Business...14200??

They're saying we're ultimately going to dive to 14200, that's a hard pill to swallow. Would we be in a bear market at that point or a full blown recession? We are going to retest the 2009 low of 666. Take away the funny money, and you'll find this market's perceived earnings growth was all based o...
by Grt2bOutdoors
Fri Jan 15, 2016 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: My 401(K) -13% (1yr)
Replies: 26
Views: 1996

Re: My 401(K) -13% (1yr)

Seems like your portfolio performance is still within your stated range of expectations: i.e., down less than 25%. Not sure what the issue is. 2b2 Well for the whole year minus 1 month I had 40% cash. I'm not saying the -13% drop is a huge deal but like others have said it just seems like that numb...
by Grt2bOutdoors
Fri Jan 15, 2016 11:59 am
Forum: Investing - Help with Personal Investments
Topic: My 401(K) -13% (1yr)
Replies: 26
Views: 1996

Re: My 401(K) -13% (1yr)

I started a new 401k a year and a few months ago. I maxed it out in order to transfer taxable money into it. I've become quite conservative after losing a lot in the market. I started off with 30% stock, 30% bonds 40% cash. My ultimate goal was 50/50 stocks and bonds (I'm age 30) but I wanted to so...
by Grt2bOutdoors
Fri Jan 15, 2016 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Help with my asset allocation
Replies: 2
Views: 231

Re: Help with my asset allocation

Inquire with your 403(b) administrator if it permits participants to make "in-service distributions" of after-tax contributions. If so, I would recommend utilizing that option in lieu of taxable investing, especially since your investment options are ultra-low cost. You could then ask the ...
by Grt2bOutdoors
Fri Jan 15, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: 29 and quitting job for long honeymoon. Is it a bad idea? Talk me out of it
Replies: 70
Views: 5798

Re: 29 and quitting job for long honeymoon. Is it a bad idea? Talk me out of it

Sounds to me that you and/or your finance is/are a trust fund baby. (I.e., you didn't earn 900k in 6 years.) I wouldn't quity job for a honeymoon, but then I'm not in the same situation. The correct terminology is "trustafarian". Person who receives financial recompense from sources other...
by Grt2bOutdoors
Thu Jan 14, 2016 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Does a BH play the lottery?
Replies: 78
Views: 3701

Re: Does a BH play the lottery?

Every paycheck I take a portion of my hard-earned dollars and place it at risk in the securities casino. So far, I've lost 7 cents on every dollar I've placed at risk including prior year contributions. I will purchase a lottery ticket when I pass by those stores that sell them, but I will not go ou...
by Grt2bOutdoors
Mon Jan 11, 2016 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: PORTFOLIO REVIEW - opinions WANTED
Replies: 7
Views: 774

Re: PORTFOLIO REVIEW - opinions WANTED

I missed this the first time... 7% guaranteed return ?!??!?!?! - are you sure? That looks too good to be true! Not sure what pays that these days that isn't very high risk. If it is true and guaranteed, I would max the account and pick only that fund(?). I think most folks would take 7% in a blink ...
by Grt2bOutdoors
Sat Jan 09, 2016 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for Payouts Over Time
Replies: 10
Views: 968

Re: Investing for Payouts Over Time

So I am trying to figure out this sixth bucket for daycare as I didn't realize how expensive it can be and since it might come up on me fast. The contributions to it will come from my income and the leftover cash bucket. If I need more money than what is in those buckets, I will scale back on the c...

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