Search found 16488 matches

by Grt2bOutdoors
Sat Sep 23, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Needing a little guidance!
Replies: 13
Views: 788

Re: Needing a little guidance!

Welcome to the forum! Life insurance is not an investment - separate whole or variable life insurance from the investment component, you have Term Life Insurance and an overpriced, highly commissioned investment product where 2/3's of your money goes to the "advisor or insurance agent" in the form ...
by Grt2bOutdoors
Sat Sep 23, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Large inheritance -questions to ask potential advisors
Replies: 18
Views: 968

Re: Large inheritance -questions to ask potential advisors

My wife and I came into a large some of money from inheritance when my FIL (a survivor of the USS Indianapolis) passed away. I have been a stock watcher and tinkerer for 50+ years so know JUST enough to get in trouble but not that much on taxes. We are both retired with the only debt being our hous...
by Grt2bOutdoors
Sat Sep 23, 2017 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Large inheritance -questions to ask potential advisors
Replies: 18
Views: 968

Re: Large inheritance -questions to ask potential advisors

Unless inheritance exceeds $5.45 million dollars, there should be no federal estate tax, depending on the state you may have to pay an estate or inheritance tax. Why do you mention this? If there was an estate tax, shouldn't if have already been paid before the inheritance? Or are you already givin...
by Grt2bOutdoors
Sat Sep 23, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Large inheritance -questions to ask potential advisors
Replies: 18
Views: 968

Re: Large inheritance -questions to ask potential advisors

You will get a step up in the cost basis of stock. Unless inheritance exceeds $5.45 million dollars, there should be no federal estate tax, depending on the state you may have to pay an estate or inheritance tax. What extra value do you think you'll be getting by hiring a CPA or a fiduciary that Van...
by Grt2bOutdoors
Sat Sep 23, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance - Your inputs please!
Replies: 9
Views: 465

Re: Life insurance - Your inputs please!

0.24% is not as expensive as you dying and your family being destitute. Social Security will pay your wife some level of survivor benefits, but chances are it will not be enough. Think of it this way, this is the "i love you fund" so you and family can have piece of mind, so they can remain in home ...
by Grt2bOutdoors
Fri Sep 22, 2017 10:59 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 76
Views: 7046

Re: Any "average Joe" here actually make out well with individual stocks?

Ask Southern Company how their nuclear plant under construction is going, ask the former stockholders of Long Island Lighting how they made out when it went bankrupt, the sockholders of Con Edison in 1974 did not feel the company was safe when they omitted their dividend. Your grandpa could not have...
by Grt2bOutdoors
Fri Sep 22, 2017 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Needing a little guidance!
Replies: 13
Views: 788

Re: Needing a little guidance!

Welcome to the forum! Life insurance is not an investment - separate whole or variable life insurance from the investment component, you have Term Life Insurance and an overpriced, highly commissioned investment product where 2/3's of your money goes to the "advisor or insurance agent" in the form o...
by Grt2bOutdoors
Fri Sep 22, 2017 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be worried about my AA?
Replies: 31
Views: 1305

Re: Should I be worried about my AA?

Can someone just explain if I do open a roth IRA and several years down the road we reach that income limit and I can't contribute anymore does the money in the account just sit at that amount until retirement? Then i'll have to open up a traditional IRA? Let's say you have a Roth IRA today and are...
by Grt2bOutdoors
Fri Sep 22, 2017 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Should I be worried about my AA?
Replies: 31
Views: 1305

Re: Should I be worried about my AA?

No pension plan in your school system? Correct, there is no pension plan. Let me take that back we have TRS (Teacher Retirement System of Texas) from what I understand is really terrible. Are you sure about that? Am I sure that I have TRS? Yes, I'm sure. No, that is not in dispute, the question is ...
by Grt2bOutdoors
Fri Sep 22, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: $3.6 million at age 25 - need investment advice
Replies: 44
Views: 4539

Re: $3.6 million at age 25 - need investment advice

Didn't think about the car liability. Taxes are the worst thing. I 'm expecting $2m liquid though, maybe a little more depending on how the taxes are done. Thanks all Are they? Let me put it to you this way: Gov't: Make a donation and feel good about it. OP: How? Gov't: Donate 40 cents of every dol...
by Grt2bOutdoors
Fri Sep 22, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: $3.6 million at age 25 - need investment advice
Replies: 44
Views: 4539

Re: $3.6 million at age 25 - need investment advice

First of all, kudos to "selling high". But you also got very lucky. You've basically already won the game, and you have a lot of options available to you, but financially, they're pretty boring. Other than making sure you pay your taxes correctly, I would perhaps think more like someone who is clos...
by Grt2bOutdoors
Fri Sep 22, 2017 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: Loans paid off!
Replies: 17
Views: 957

Re: Loans paid off!

I have been very excited to make this post. I don't have many besides my parents and my wife that I can share this with otherwise, so thanks for listening/reading. I'd never have been able to do this without an extremely frugal wife. I swear she can put a fingerprint on every copper penny she touch...
by Grt2bOutdoors
Fri Sep 22, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: $3.6 million at age 25 - need investment advice
Replies: 44
Views: 4539

Re: $3.6 million at age 25 - need investment advice

Dude!!!! :moneybag - Congrats man! Now, let's talk about how you get to keep it. 1. And it bears repeating - don't tell anyone, i mean it - not your girlfriend or boyfriend, not your siblings or relatives, not your buddies, not your co-workers. Loose lips will sink your ship or put you in treacherou...
by Grt2bOutdoors
Fri Sep 22, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Should I be worried about my AA?
Replies: 31
Views: 1305

Re: Should I be worried about my AA?

jbird wrote:
Thu Sep 21, 2017 2:40 pm
jbird wrote:
Thu Sep 21, 2017 2:35 pm
ruralavalon wrote:
Thu Sep 21, 2017 2:28 pm
No pension plan in your school system?
Correct, there is no pension plan.
Let me take that back we have TRS (Teacher Retirement System of Texas) from what I understand is really terrible.
Are you sure about that?
by Grt2bOutdoors
Fri Sep 22, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: No down payment for home purchase: what is worst-case scenario?
Replies: 39
Views: 1950

Re: No down payment for home purchase: what is worst-case scenario?

Can someone really get a mortgage with zero down? I guess we learned nothing from the last housing meltdown. Not a mortgage underwritten with FHA, FNMA or FHLMC eligible guidelines. I don't believe the VA will permit it either, I believe they need 5% down. You may obtain a seller financed mortgage,...
by Grt2bOutdoors
Fri Sep 22, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: Bank Employees - comfort level of getting a loan through employer?
Replies: 9
Views: 625

Re: Bank Employees - comfort level of getting a loan through employer?

I'm not sure why dbltrbl above would think that the Bank has your personal tax returns, financial statement, etc...why would they have that unless you previously have received a loan through them? You would be disclosing to some of your colleagues your specific financial situation, especially if a ...
by Grt2bOutdoors
Fri Sep 22, 2017 8:13 am
Forum: Personal Consumer Issues
Topic: Is it really Worth it to brown bag your lunch at work?
Replies: 313
Views: 17097

Re: Is it really Worth it to brown bag your lunch at work?

Also, can leave lunch for another day if the mod strikes to get a bite with coworkers. I did not know that the moderators were monitoring our lunches! I would not want to be banned from the Forum for a culinary offense. Victoria I am actually rather surprised that moderators have let this dead hors...
by Grt2bOutdoors
Fri Sep 22, 2017 8:10 am
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 76
Views: 7046

Re: Any "average Joe" here actually make out well with individual stocks?

gr8toboutdoors: I have had big winners, but the point of my conversation was to point out the losers and how that can effect your net worth. To be honest, my last purchase was Johnson and Johnson in 2011 at $62 and change. I was waiting for it to get into the 50s and finally one day just pulled the...
by Grt2bOutdoors
Thu Sep 21, 2017 3:54 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 76
Views: 7046

Re: Any "average Joe" here actually make out well with individual stocks?

Lets see, here are a couple of examples of individual stocks I have purchased: Equifax...down from $140 per share to $96 in about 10 days. Aashe Transportation...purchased at $7.50 per share and it cashed out at $0.0. Rode that trucker to bankruptcy in the late 1990s. Rite Aid...purchased at $4.50 ...
by Grt2bOutdoors
Thu Sep 21, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 195
Views: 16341

Re: I won the Lottery. Need sound advice.

Sound advice is as follows: 1. Shut your mouth - not a word to your co-workers, boss, friend, shoe shine boy, kids (your own or others), relatives (cousins, uncle, aunt, mom or dad, siblings), fishing buddy, old financial advisor (old because you're going to ditch the leech and stop bleeding money t...
by Grt2bOutdoors
Wed Sep 20, 2017 8:50 pm
Forum: Personal Consumer Issues
Topic: Should I even bother with buying a school picture?
Replies: 39
Views: 2671

Re: Should I even bother with buying a school picture?

Happy wife, happy life. Reviews online may not be accurate. Usually, they take the class picture on the same day, everyone gets a copy of class picture. Do it and you be judge if they are bad or not, you may be surprised that your child smiles in them since they are with their classmates. If they co...
by Grt2bOutdoors
Wed Sep 20, 2017 10:56 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 79
Views: 4219

Re: Bogleheads you would most like to meet and why?

Taylor Larimore Larry Swedroe RetiredJG Watty Toons Abuss368 David Jay Dbr Dratkinson Nisiprius BSsteiner KlangFool And many more. For maturity, wisdom, broad outlook/perspective, altruistic fact based actionable input. Thanks. ^^ Like I said, everyone, because while I can't remember everyone's scr...
by Grt2bOutdoors
Wed Sep 20, 2017 10:32 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 79
Views: 4219

Re: Bogleheads you would most like to meet and why?

mervinj7 wrote:
Wed Sep 20, 2017 10:30 am
Tanelorn wrote:
Wed Sep 20, 2017 6:52 am
Experts no longer with us:

Old Meph - insurance
sscritic - social security
LH2004 - taxes
Sad. I didn't know sscritic had passed. In addition to SS, lots of good info on HSAs and AMT as well.
I did not hear that, I heard he retired from the forum. I heard last he was enjoying retirement.
by Grt2bOutdoors
Wed Sep 20, 2017 10:31 am
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 79
Views: 4219

Re: Bogleheads you would most like to meet and why?

John Bogle ValueThinker - plenty of things to talk about including Black Gold.... Livesoft Nisprius VictoriaF LadyGeek SheepDog - we can talk about driveways :wink: sscritic - he may have retired but one can always hope. TaylorLarimore Larry Swedroe Petrocelli - he can compare his $5,000 watch to my...
by Grt2bOutdoors
Wed Sep 20, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard total us dividend for Sept?
Replies: 10
Views: 1219

Re: Vanguard total us dividend for Sept?

Are there that many people who depend on the dividend being delivered on say, 9/20 vs. 9/21 .....? Sometimes I do because I need the dividend in order to pay expenses such as college tuition, property taxes, and credit card bills which all have deadlines. That's a mighty big dividend payment OR a v...
by Grt2bOutdoors
Wed Sep 20, 2017 8:12 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard total us dividend for Sept?
Replies: 10
Views: 1219

Re: Vanguard total us dividend for Sept?

am wrote:
Wed Sep 20, 2017 7:37 am
The fund does not show a distribution for Sept. which seems unusual. Is this an error?

https://personal.vanguard.com/us/funds/ ... IntExt=INT
No, the distribution for Total US Stock Market is for today, so you will see it after close of business at 6PM tonight.
by Grt2bOutdoors
Wed Sep 20, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: What is the right career path for me?
Replies: 24
Views: 2305

Re: What is the right career path for me?

How good are your grades? 1 can lead to 3 and 4. 3 can lead you to 4, but not to 1 and 2. You need to decide which is more important, then focus only on that. Competency in your field is what leads you to more opportunities, the right opportunities. There are plenty of opportunities in life, but goi...
by Grt2bOutdoors
Wed Sep 20, 2017 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Automate Savings
Replies: 5
Views: 456

Re: Automate Savings

Employer contributions to employee retirement programs is considered to be a form of deferred compensation, the employer can deduct this amount from revenues as a cost of doing business. So yes, it is tax deductible for them. The amount they contribute to a qualified plan can not exceed $54,000, whi...
by Grt2bOutdoors
Tue Sep 19, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: The Magic of Savings Rate
Replies: 92
Views: 8752

Re: The Magic of Savings Rate

GoldenFinch wrote:
Tue Sep 19, 2017 7:40 pm
My rule of thumb is save as much as you can comfortably afford. It you don't think it's going to be enough, be a little uncomfortable for a while and save a bit more.
+1
by Grt2bOutdoors
Tue Sep 19, 2017 7:01 am
Forum: Investing - Theory, News & General
Topic: What is the main purpose of rebalancing?
Replies: 56
Views: 4015

Re: What is the main purpose of rebalancing?

I used to think I knew the answer(s) to this question, but thanks largely to this forum I learned that the answers are not a crisp as I originally thought. I also learned about the LMP/RP approach to asset allocations, which is what I now embrace. With this strategy, I never rebalance. What is LMP/...
by Grt2bOutdoors
Mon Sep 18, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Age 40: Requesting Look At Portfolio
Replies: 21
Views: 2428

Re: Age 40: Requesting Look At Portfolio

Welcome to the forum!
What would i do? I would stay the course. Congratulations!! You are doing a fine job. Portfolio is low cost, well diversified, easy to manage. Looks good to me. :beer
by Grt2bOutdoors
Mon Sep 18, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Home Equity Disproportionate to Investments
Replies: 16
Views: 1193

Re: Home Equity Disproportionate to Investments

One way to gain cash for investing would be to refinance your home, obtaining a fixed-rate mortgage for an amount greater than your current loan. Tim Cash-out refinancing is what got folks into trouble the last housing bust amongst other things. You take the cash out based on high valuation, then y...
by Grt2bOutdoors
Mon Sep 18, 2017 4:46 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "entertainment"?
Replies: 50
Views: 3146

Re: How much do you spend on "entertainment"?

I don't keep a budget. We (married couple) don't eat out often, when we do it usually amounts anywhere from $60 to $150+, we rarely drink overpriced wine in the restaurant as the bottles I keep at home are as good, if not better than that of the restaurants (sad, but true) and I refuse to pay $20 a ...
by Grt2bOutdoors
Mon Sep 18, 2017 4:24 pm
Forum: Personal Consumer Issues
Topic: Do I need an umbrella insurance?
Replies: 8
Views: 756

Re: Do I need an umbrella insurance?

We are retired. Our assets are about 2/3 in retirement accounts and 1/3 in taxable account. Do I need an umbrella to protect the 1/3 in taxable? I understand that no one can sue for assets in retirement accounts. People can sue for anything they'd like, what the courts permit in the case of a judge...
by Grt2bOutdoors
Mon Sep 18, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Divorced parents saving for kids college
Replies: 16
Views: 1123

Re: Divorced parents saving for kids college

Our divorce decree is general in this regard. We agree to share the cost of college in general. Generally speaking, we work these things out without an issue. I was just looking for the simplest/cleanest approach. Easiest way is to open the 529 plan in your name. In general, when you use a commingl...
by Grt2bOutdoors
Mon Sep 18, 2017 3:28 pm
Forum: Personal Consumer Issues
Topic: Transferring I Bonds to Son
Replies: 14
Views: 658

Re: Transferring I Bonds to Son

No can do, savings bonds are non-transferable and non-marketable. What do you mean give? You may gift your son monies to purchase his own Series I bonds, but you may not transfer bonds owned in your name to him. This is incorrect. I Bonds and EE Bonds can both be transferred to another but the inco...
by Grt2bOutdoors
Mon Sep 18, 2017 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Divorced parents saving for kids college
Replies: 16
Views: 1123

Re: Divorced parents saving for kids college

What does the court say? Did your divorce decree require funding for college? Two ways to do it via a 529 plan - you own the account or you open a UTMA 529 with the child's name on it. You make deposits into it. Your ex does the same, into an account she opens as a UTMA 529 plan. Two accounts. Or......
by Grt2bOutdoors
Mon Sep 18, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: Transferring I Bonds to Son
Replies: 14
Views: 658

Re: Transferring I Bonds to Son

I want to give some of our I bonds to my adult son. How do I do that and what, if any, are the tax consequences? Thanks. Steve No can do, savings bonds are non-transferable and non-marketable. What do you mean give? You may gift your son monies to purchase his own Series I bonds, but you may not tr...
by Grt2bOutdoors
Mon Sep 18, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 163
Views: 13967

Re: Let's talk about your FI # and family income

[EDIT TO ADD]: The 4% SWR has been backtested for rolling 30 year periods for the entire history of the stock market and shown to be, in general, quite safe, PROVIDED that it's used as a guide and not as a commandment. It needs to be adjusted to account for sequence of return risk, especially in th...
by Grt2bOutdoors
Mon Sep 18, 2017 10:09 am
Forum: Investing - Theory, News & General
Topic: What is the main purpose of rebalancing?
Replies: 56
Views: 4015

Re: What is the main purpose of rebalancing?

All main U.S. stock indexes are reaching historic new highs, and bond indexes are dropping. It seems to be a good time to rebalance. However, it is painful to sell the winners and buy the losers. So what is the main purpose of rebalancing? Is it preserving the stability of a portfolio, or increasin...
by Grt2bOutdoors
Mon Sep 18, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: My in-laws' nest egg of $50k
Replies: 34
Views: 4184

Re: My in-laws' nest egg of $50k

Leave the money in an FDIC insured savings account. Don't invest it and don't even think about taking out a reverse mortgage. This is their hard-earned money. You may have good intentions, but you will be going down the wrong path if you insist they invest it or take risks with their risk averse ass...
by Grt2bOutdoors
Mon Sep 18, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 5983

Re: Have X times your salary saved by age Y.

So what should people do to try and save for their retirement? Your view on this seems to present a real challenge to retirement planning. Thanks Not Nisiprius. My two cents - save as much as you can, when you can. Then it's up to the saver to determine how much to spend for current consumption on ...
by Grt2bOutdoors
Mon Sep 18, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 163
Views: 13967

Re: Let's talk about your FI # and family income

...I'm always skeptical of folks who espouse strategies that they design that will protect you or provide you with something "extra". Curiously enough, I don't see any disclosure on their website of how well those strategies worked out in 2008-2009 . (if you can find it and it meets/complies with G...
by Grt2bOutdoors
Sun Sep 17, 2017 5:30 pm
Forum: Investing - Theory, News & General
Topic: "Goldman's Bear Market Indicator Shows Crash Dead Ahead"
Replies: 33
Views: 4793

Re: "Goldman's Bear Market Indicator Shows Crash Dead Ahead"

Please, please, please let there be a crash, I like buying my steaks 50% off! I will sell my potatoes to fund my purchase of protein.
by Grt2bOutdoors
Sun Sep 17, 2017 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 141
Views: 15583

Re: Do you have an umbrella policy?

Umbrella insurance $3M for $620 annually with GEICO. Thinking of upping coverage to $4M next year as assets growing. I am thinking of getting another insurance quote for home/auto/umbrella with Chubb given their reputation for paying out claims. We have used Chubb for years for auto, homeowner, and...
by Grt2bOutdoors
Sun Sep 17, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 163
Views: 13967

Re: Let's talk about your FI # and family income

Wouldn't the target FI number depend on the age? A 30 year old FI number would be much larger than a 60 year old FI number Surprisingly, the SWR difference at those ages is relatively small (medical coverage in the pre-ACA days and the SS are bigger issues). A 60 year old may use a 4% SWR while a 3...
by Grt2bOutdoors
Sat Sep 16, 2017 7:17 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA has 16 Corp Bonds in it
Replies: 16
Views: 1082

Re: Inherited IRA has 16 Corp Bonds in it

Thanks for the feedback. I keep my IRAs in Total Stock, Total Int'l Stock, and Total Bond. That's it. No individual stocks, nothing fancy, no watching the market, nothing like that. So no, if i could buy these now, I would not. If that is really the only appropriate basis of the decision, then grea...
by Grt2bOutdoors
Fri Sep 15, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: starting a long-term taxable strategy + early retirement sanity check
Replies: 5
Views: 652

Re: starting a long-term taxable strategy + early retirement sanity check

I still can't get my arms around $35k living expenses. If we could live on that we'd never have to work again a day in our lives. You've put a lot out there. Hopefully I can wade through it later and somebody smarter than me will jump in! Sounds like OP's living with either an extended family or hi...
by Grt2bOutdoors
Fri Sep 15, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Early mortgage payoff vs investing
Replies: 19
Views: 1561

Re: Early mortgage payoff vs investing

Hello! I have a question about paying off my mortgage early. I have had lots of people advise me to either a) put all my extra money into paying off my mortgage early and then, and only then, start investing, or b) put half my extra money into the early payoff and half into investments. My mortgage...
by Grt2bOutdoors
Fri Sep 15, 2017 7:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3944
Views: 1037564

Re: U.S. stocks in freefall

It sure feels weird getting All Time High the day after NK testing an intercontinental missile ment to carry a nuclear payload towards USA. It seems the market is afraid of nothing. Including this thread. Think of the alternative - something catastrophic happens, it won't matter, you won't be here ...