Search found 13890 matches

by Grt2bOutdoors
Fri Jul 29, 2016 11:01 am
Forum: Investing - Help with Personal Investments
Topic: INvesting in 529 for my kid
Replies: 17
Views: 885

Re: INvesting in 529 for my kid

Be sure to let the grandparents know how to contribute to the 529 plan. It is a much better gift than some piece of plastic masquerading as a toy. Not all grandparents have the financial means to make such contributions. However, what is not provided with financial means can be provided in other wa...
by Grt2bOutdoors
Fri Jul 29, 2016 11:00 am
Forum: Investing - Help with Personal Investments
Topic: INvesting in 529 for my kid
Replies: 17
Views: 885

Re: INvesting in 529 for my kid

OP - You have 22 years from time of birth to save, while the latter years investments should be in conservative, non-volatile investments, nonetheless don't underestimate the amount of time to accumulate some level of savings. How much to save? Assume you send your child to state university in MA - ...
by Grt2bOutdoors
Tue Jul 26, 2016 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: How to manage 120K in taxable account
Replies: 11
Views: 1122

Re: How to manage 120K in taxable account

See link by my signature.
by Grt2bOutdoors
Tue Jul 26, 2016 3:18 pm
Forum: Personal Consumer Issues
Topic: My experience with "older" used car
Replies: 51
Views: 3685

Re: My experience with "older" used car

I would not drive a car that old, I think my car has 7 airbags. How many does that 20 year old car have? Do they even work? Any traction control or anti theft? People with 20-year-old cars tend not to worry about anti theft :D I do, I have a 20 year old car with low miles, well-maintained, and I wo...
by Grt2bOutdoors
Tue Jul 26, 2016 2:51 pm
Forum: Personal Consumer Issues
Topic: Traveling to Italy - 3 weeks in 2017, advice appreciated
Replies: 64
Views: 3168

Re: Traveling to Italy - 3 weeks in 2017, advice appreciated

All of the above advice is pretty much spot on. Use of money belt is recommended. Skip Naples ~ 50 years later, and its reputation is still intact! :wink: If you do decide to visit the Uffizi gallery in Florence, highly recommend you purchase tickets in advance of your trip (like months), or the lin...
by Grt2bOutdoors
Tue Jul 26, 2016 2:12 pm
Forum: Personal Consumer Issues
Topic: Converting from Oil heat to Gas or Electric
Replies: 40
Views: 1665

Re: Converting from Oil heat to Gas or Electric

I'm an oil heat dealer - have been in Nj for 23 years now. And been in the HVAC industry for 30+ years. It pains me to hear stories of bad mechanics and companies. Just makes the entire industry go down the tubes faster. When fuel spiked up to $4+ many people started to swap over. Prices are now in...
by Grt2bOutdoors
Mon Jul 25, 2016 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Please help with next investment
Replies: 3
Views: 304

Re: Please help with next investment

What does your Investment Policy Statement say? Do you have an IPS? View the wiki for examples of IPS. Also, when posting questions, it would be helpful if formatted in the way shown in my link - Asking Portfolio Questions. Your asset breakdown is too vague for forum members to be able to provide yo...
by Grt2bOutdoors
Mon Jul 25, 2016 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Cash Balance Pension - company dicey
Replies: 7
Views: 669

Re: Cash Balance Pension - company dicey

Financial issues as in the pension plan is severely underfunded? My understanding is pensions are not part of the general assets of a firm, they are segregated, but I could be mistaken. Financial issues in that liabilities exceed assets and a bankruptcy filing is eminent? BTW, I would not rely on &q...
by Grt2bOutdoors
Mon Jul 25, 2016 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 180
Views: 11515

Re: Early retirees, how much did you leave on the table?

Interesting thread, not an early retiree, but if and when I hit my number, I'm out. No one I knew ever said on their deathbed, they wished they spent more time at the office or they wished they had more money. They all said, they wished they had more "time". Time is priceless and they are...
by Grt2bOutdoors
Sun Jul 24, 2016 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirees, how much did you leave on the table?
Replies: 180
Views: 11515

Re: Early retirees, how much did you leave on the table?

Interesting thread, not an early retiree, but if and when I hit my number, I'm out. No one I knew ever said on their deathbed, they wished they spent more time at the office or they wished they had more money. They all said, they wished they had more "time". Time is priceless and they aren...
by Grt2bOutdoors
Sat Jul 23, 2016 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 185
Views: 14497

Re: How many folks choose to give inheritance to their children in unequal portions?

I have a son who is doing well and a daughter who struggles. I'm seriously considering changing the trust so she gets the house for herself. I have no idea how much money will be left so it could be very uneven when it happens. Still, we think it will make us feel better knowing she'll have a home ...
by Grt2bOutdoors
Fri Jul 22, 2016 7:40 pm
Forum: Investing - Theory, News & General
Topic: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers
Replies: 70
Views: 8807

Re: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers

Getting back on topic, Financing 30-Year Retirements with 40 Year Careers, here is a recently released report that looks at retirement plans by country on a global basis. Let's hear the comments on which countries plan in your opinion offers a better shot at retirement than the ole U.S. of A. http:/...
by Grt2bOutdoors
Fri Jul 22, 2016 7:34 pm
Forum: Investing - Theory, News & General
Topic: Recession post-election?
Replies: 40
Views: 2785

Re: Recession post-election?

I'm bullish on the US too! I went long US equities using /ES late last year. January was a little rough, but overall, I'm content with my asset allocation. You're late to the party, Daryl. Better late than never. I've been long for over 50 years, and believe America's best days are yet to come. Wel...
by Grt2bOutdoors
Fri Jul 22, 2016 7:33 pm
Forum: Investing - Theory, News & General
Topic: Recession post-election?
Replies: 40
Views: 2785

Re: Recession post-election?

In other news this week, it was predicted the weather will be either dry or wet the day after the November elections. Keep your umbrellas handy, just in case. :)
by Grt2bOutdoors
Fri Jul 22, 2016 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 185
Views: 14497

Re: How many folks choose to give inheritance to their children in unequal portions?

Read Beyond the Grave! Highly recommend not doing this - I've seen in my own family what giving unequal shares does - it creates rifts, rifts that seem to transcend time and follows from generation to generation. My own grandparent changed the original will from equal shares amongst 5 siblings to 9...
by Grt2bOutdoors
Fri Jul 22, 2016 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 185
Views: 14497

Re: How many folks choose to give inheritance to their children in unequal portions?

Read Beyond the Grave! Highly recommend not doing this - I've seen in my own family what giving unequal shares does - it creates rifts, rifts that seem to transcend time and follows from generation to generation. My own grandparent changed the original will from equal shares amongst 5 siblings to 90...
by Grt2bOutdoors
Tue Jul 19, 2016 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement for Women(?)
Replies: 34
Views: 3226

Re: Retirement for Women(?)

10x income for life insurance. For retirement, it's 20-25x expenses less known and expected future annual income (social security/pensions). If one's social security replacement income represents 20% of final income and one is currently living off of 75-80% of income, then income to be replaced fro...
by Grt2bOutdoors
Tue Jul 19, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: OK to stay in cash if you have 40-50x annual expenses?
Replies: 61
Views: 5139

Re: OK to stay in cash if you have 40-50x annual expenses?

When you have won the game , it is okay to stop playing. Oft quoted. Might be smart for some, but if you enjoy the game (I do) why quit? Some above might also view this as throwing money away? Some may say that, they enjoy the game, but then a black swan appears and as a former teacher of mine used...
by Grt2bOutdoors
Tue Jul 19, 2016 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Retirement for Women(?)
Replies: 34
Views: 3226

Re: Retirement for Women(?)

10x income for life insurance. For retirement, it's 20-25x expenses less known and expected future annual income (social security/pensions). If one's social security replacement income represents 20% of final income and one is currently living off of 75-80% of income, then income to be replaced from...
by Grt2bOutdoors
Tue Jul 19, 2016 9:15 am
Forum: Personal Consumer Issues
Topic: HOA Swimming Pool Trespassing Issue
Replies: 100
Views: 6868

Re: HOA Swimming Pool Trespassing Issue

Go down to the local police station and have a chat with the community policing officer and if that is not available, make an appointment with the chief of police. Ask to set up a "sting", when the miscreants see you are serious about this, I don't think they want to spend the weekend in &...
by Grt2bOutdoors
Mon Jul 18, 2016 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: at milestone - help please
Replies: 4
Views: 788

Re: at milestone - help please

How much will the pension pay you at retirement age? Effectively, the pension plan is now considered frozen since you will or have been terminated from employment. How well funded is the pension plan? You receive an annual statement from the employer indicating its funding status, you should be able...
by Grt2bOutdoors
Mon Jul 18, 2016 11:50 am
Forum: Personal Consumer Issues
Topic: When to Buy New Tires
Replies: 10
Views: 884

Re: When to Buy New Tires

Take it to a reputable garage - have them immerse the tire in a solution of soapy water, the slow leak will become very apparent. If' it is the rim, depending on how bent the rim is, you can repair it with a good coating of automotive grease around the rim and some "ahem" modification of r...
by Grt2bOutdoors
Mon Jul 18, 2016 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Feeling discouraged
Replies: 60
Views: 5866

Re: Feeling discouraged

2.2% is alot better than -2.2%. Stay the course, most of the heavy lifting will be done in the latter part of your investment horizon, but first you must save and then you must invest. You have done well with the savings part, you finally got over the investing hump after missing the rally of 2011-2...
by Grt2bOutdoors
Mon Jul 18, 2016 11:12 am
Forum: Personal Finance (Not Investing)
Topic: The Savings Gap Between Women and Men: What Is Your Plan?
Replies: 46
Views: 3987

Re: The Savings Gap Between Women and Men: What Is Your Plan?

Don't believe the hype - average age of woman is what? 84, average age of man is what? 81. Half will not make it to 84 - a 3 year age gap does not equal an additional $522K in savings needed. What is the motivation of the investments industry to portray such dire expenses? Let me give you a hint.......
by Grt2bOutdoors
Mon Jul 18, 2016 10:44 am
Forum: Personal Consumer Issues
Topic: Orlando Disney Parks
Replies: 41
Views: 3082

Re: Orlando Disney Parks

Soarin' is located on the lower level where the Seasons restaurant is located (recommended for lunch). On the other side of Season's is the Land of Living boat ride (recommended) Mission Space - recommend you do this first thing in the morning (located by giant sphere at Epcot) without FastPass the ...
by Grt2bOutdoors
Mon Jul 18, 2016 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Scary thought. Running out of time to save for retirement
Replies: 60
Views: 6294

Re: Scary thought. Running out of time to save for retirement

IMHO, focusing on percentages is misleading. Focusing on hard dollars is what gets you to your end-goal. Yes, percentages work for payroll purposes, however, the problem with percentages is the average person is going to say something along the lines of "i have this unexpected bill, I have no o...
by Grt2bOutdoors
Sun Jul 17, 2016 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: OK to stay in cash if you have 40-50x annual expenses?
Replies: 61
Views: 5139

Re: OK to stay in cash if you have 40-50x annual expenses?

When you have won the game , it is okay to stop playing.
by Grt2bOutdoors
Sun Jul 17, 2016 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned about a market bubble – looking for safer funds
Replies: 16
Views: 1593

Re: Concerned about a market bubble – looking for safer funds

Hello – I am new posting here but I really appreciate the good things I've read. I have a portfolio about 12% total bond index, 6% Health care fund, and the rest in total stock/500 index. It's been nice watching the market rise to a record in the last week, but there are so many troublesome politic...
by Grt2bOutdoors
Sun Jul 17, 2016 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Concerned about a market bubble – looking for safer funds
Replies: 16
Views: 1593

Re: Concerned about a market bubble – looking for safer funds

Deutsche Bank? Whew!! I thought you where going to mention Monte de Paschi of Siena or Unicredit of Italy. That's news? That is not news. You are concerned about Deutsche Bank? How about your healthcare holding instead? That is a concentrated bet.
by Grt2bOutdoors
Fri Jul 15, 2016 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Balance sheet Analysis
Replies: 17
Views: 987

Re: Balance sheet Analysis

Fun? you say? :happy If you want to have real fun, try understanding how changes in the statement of cash flows are reflected in the balance sheet and income statement. Do that, then you will be able to master the Security Analysis examples.
by Grt2bOutdoors
Fri Jul 15, 2016 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Balance sheet Analysis
Replies: 17
Views: 987

Re: Balance sheet Analysis

As noted previously, surplus is not an asset. What I recommend you do is put aside the book for now, instead view a company, any public company's Form 10-K (you can find it on their website under Investor Relations). Read thoroughly the Income Statement, Balance Sheet and Statement of Cash Flows. Ge...
by Grt2bOutdoors
Fri Jul 15, 2016 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Balance sheet Analysis
Replies: 17
Views: 987

Re: Balance sheet Analysis

Ok, now I'm even more confused. I was watching Khan academy. A surplus account is the same as cash account isn't it... Because in the video its showing cash account and inventory are both asset accounts Where is it defined that a "surplus" account is the same as cash? Point us to your sou...
by Grt2bOutdoors
Fri Jul 15, 2016 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Balance sheet Analysis
Replies: 17
Views: 987

Re: Balance sheet Analysis

So in the example above, both asset accounts are being reduced....the inventory and surplus are both asset accounts right? No, inventory belongs in assets, capital and surplus belong in the stockholders equity section. I recommend you visit Khan Academy for a tutorial on Accounting, Security Analys...
by Grt2bOutdoors
Fri Jul 15, 2016 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Balance sheet Analysis
Replies: 17
Views: 987

Re: Balance sheet Analysis

Hmmm.. Interesting....But if you credit and debit the same amount doesn't it cancel the amount and nothing is being written down so no money is lost? Not quite. You could purchase $10K in inventory, pay $10K in cash. No change right? Debit washes the credit, or does it? Problem is, inventory is sub...
by Grt2bOutdoors
Fri Jul 15, 2016 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Treasury bonds
Replies: 2
Views: 247

Re: Treasury bonds

EE savings bonds are a special type of Treasury bond. While interest rates affect publicly traded US Treasury securities, they do not affect non-marketable securities such as US Saving bonds. It's likely your EE bonds are paying rates of 4% or better, my advice is to hold. To find out the rate your ...
by Grt2bOutdoors
Thu Jul 14, 2016 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: 21 Yrs Old - Am I on the right track?
Replies: 53
Views: 3337

Re: 21 Yrs Old - Am I on the right track?

It's refreshing that this is a genuine "Am I on the right track?" thread. When clicking in I was expecting to see another: "I have 500K in a taxable account, an inherited IRA worth another 500K and just accepted a job making $300K per year - am I on the right track?" threads. :b...
by Grt2bOutdoors
Thu Jul 14, 2016 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: 21 Yrs Old - Am I on the right track?
Replies: 53
Views: 3337

Re: 21 Yrs Old - Am I on the right track?

Hello Bogles, First post here after stumbling upon this site many of times. A little background on me, I'm a 21 year old college student with a crazy determination for investing (mainly for retirement) and money. My current portfolio: Vanguard Taxable Account: S&P 500 Index: $3k Wellington $3k ...
by Grt2bOutdoors
Thu Jul 14, 2016 11:08 am
Forum: Investing - Theory, News & General
Topic: A Tale of Two Strategies
Replies: 23
Views: 2305

Re: A Tale of Two Strategies

Slow and steady wins the race. Your tale reminds me of "the hare and the turtle" or "the ant and the grasshopper". OP - nothing wrong with conservatism if it gets you to your end-goal with certainty. What you have designed is a portfolio that meets your low risk threshold. Congra...
by Grt2bOutdoors
Thu Jul 14, 2016 10:59 am
Forum: Investing - Help with Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 147
Views: 19677

Re: $13 Million Goal for Early Retirement (am I crazy?)

Sorry for your loss. One more reason for you to enjoy the present and your family - time can be short. Second, while you don't need $13 million, you don't even need $5 million. You currently spend $31K, let's say in 19 years your spending is now $65K. Take a multiple of 30 times spending that is rou...
by Grt2bOutdoors
Thu Jul 14, 2016 10:47 am
Forum: Investing - Help with Personal Investments
Topic: 21 Yrs Old - Am I on the right track?
Replies: 53
Views: 3337

Re: 21 Yrs Old - Am I on the right track?

Hello Bogles, First post here after stumbling upon this site many of times. A little background on me, I'm a 21 year old college student with a crazy determination for investing (mainly for retirement) and money. My current portfolio: Vanguard Taxable Account: S&P 500 Index: $3k Wellington $3k ...
by Grt2bOutdoors
Thu Jul 14, 2016 10:37 am
Forum: Investing - Theory, News & General
Topic: "How saving too much can make your retirement less satisfying"
Replies: 52
Views: 7444

Re: "How saving too much can make your retirement less satisfying"

Apparently Chuck Jaffe and Michael Kitces are not frequent visitors or posters of this forum. I have not read one poster saying on this forum that they are dissatisfied with having accumulated so much in assets that they are able to sleep at night. I have heard many posters say "we are enjoyin...
by Grt2bOutdoors
Thu Jul 14, 2016 8:27 am
Forum: Investing - Help with Personal Investments
Topic: 21 Yrs Old - Am I on the right track?
Replies: 53
Views: 3337

Re: 21 Yrs Old - Am I on the right track?

You are and you will continue to be if you read this and take it to heart. https://www.etf.com/docs/IfYouCan.pdf

Great job, btw. Stay the course!
by Grt2bOutdoors
Thu Jul 14, 2016 8:15 am
Forum: Investing - Theory, News & General
Topic: "How saving too much can make your retirement less satisfying"
Replies: 52
Views: 7444

Re: "How saving too much can make your retirement less satisfying"

Apparently Chuck Jaffe and Michael Kitces are not frequent visitors or posters of this forum. I have not read one poster saying on this forum that they are dissatisfied with having accumulated so much in assets that they are able to sleep at night. I have heard many posters say "we are enjoying...
by Grt2bOutdoors
Thu Jul 14, 2016 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Saving for college vs maxing out retirement accts
Replies: 24
Views: 1790

Re: Saving for college vs maxing out retirement accts

If you plan on retiring at 67 - yes, it may actually be excessive. We're shooing for mid 50's on the high end. Early retirement is an achievable goal with maxing out of taxed advantaged accounts and low(ish) expenses. Perhaps your goal is to live more extravagantly, and work longer? That's fine too...
by Grt2bOutdoors
Thu Jul 14, 2016 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Saving for college vs maxing out retirement accts
Replies: 24
Views: 1790

Re: Saving for college vs maxing out retirement accts

Doubt op literally meant loving like a pauper, more like living like a lower middle class. No new cars, vacations, HBO,latest cell phone, clothes from wal mart instead of Ralph Lauren. But what is the Internet w/o a little exaggeration? I didn't know not having " No new cars, vacations, HBO,la...
by Grt2bOutdoors
Wed Jul 13, 2016 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Going into the market in a big way NOW?
Replies: 14
Views: 1904

Re: Going into the market in a big way NOW?

If I had many millions I wouldn't much worry about anything at that point. International valuations aren't too shabby. Worrying is a wasted emotion except about money; and everything is relative. I don't do international investing (I'm like Bogle) but I do get your point. Any thoughts on the valuat...
by Grt2bOutdoors
Wed Jul 13, 2016 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6242

Re: Private vs State School?

We live in NY so I am referring to SUNY Binghamton vs a small liberal arts school in New England. My son is doing very well academically at his private school and majoring in history. SUNY Binghamton is a great school. I don't know any details about the liberal arts school in New England but I woul...
by Grt2bOutdoors
Wed Jul 13, 2016 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs State School?
Replies: 116
Views: 6242

Re: Private vs State School?

I think there's a lot to be said for a small liberal arts school, so long as it (and most importantly, the student's approach to it) is rigorous. For example, Williams emulates certain aspects of the old British tutorial system -- a very attractive prospect. +1 I'd pay the extra for Williams or Amh...
by Grt2bOutdoors
Wed Jul 13, 2016 7:39 am
Forum: Personal Consumer Issues
Topic: What should I tip the limo driver?
Replies: 25
Views: 2034

Re: What should I tip the limo driver?

No less than $200. If you can shell out $1,200 for 8 hours, you can certainly afford $200 more. What are we talking about here? $200/8 is $25 per head. $25/8 hours is less than minimum wage to potentially take verbal abuse - some folks don't know how to taste, instead they drink to the point of beco...
by Grt2bOutdoors
Tue Jul 12, 2016 8:48 pm
Forum: Personal Consumer Issues
Topic: How much cash to give when invited to a wedding?
Replies: 73
Views: 4994

Re: How much cash to give when invited to a wedding?

Some would say that if you want to be crass, estimate the cost of the wedding and thus the reception-portion based on the wealth of the bride's family and the number of people invited. Based on that estimate you must give no less than the price of the dinner, and hey, throw in the cost of the enter...

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