Search found 19937 matches

by Grt2bOutdoors
Sat Apr 20, 2019 7:34 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4383
Views: 1144504

Re: What Movie Have You Recently Watched?

ruralavalon wrote:
Fri Apr 12, 2019 10:16 am
Animal House, on Netflix.

This is the funniest movie of all time. It's gross, disgusting, and juvenile.
Great movie!
by Grt2bOutdoors
Sat Apr 20, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: leaving state job / pension. ..... bad idea?
Replies: 34
Views: 2505

Re: leaving state job / pension. ..... bad idea?

Very bad idea. You leave that state job and you will be kicking yourself for the rest of your life. The next time you get the idea to leave, just calculate how much it would cost to generate an additional $4K in monthly income for the rest of your life. In fact, you can do it now, go to www.immediat...
by Grt2bOutdoors
Sat Apr 20, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: What is the Magic Formula for when One can RETIRE ?
Replies: 20
Views: 2218

Re: What is the Magic Formula for when One can RETIRE ?

That automated part is something I didn't consider. MGM did say they were going to do automated bartenders. Dealers couldbe next. However, it was tried before we dealers all got scared but fortunately, it wasn't popular. Gamblers need a dealer, there's just something about it. Gamblers need someone...
by Grt2bOutdoors
Sat Apr 20, 2019 5:06 pm
Forum: Personal Investments
Topic: Invest in taxable account for 5 years
Replies: 13
Views: 1711

Re: Invest in taxable account for 5 years

One of the reasons a mix of Wellesley and Wellington seemed appealing is that even during major market downturns (2008) their losses were minimal compared to the total stock market. All told it sounds like a 50/50 AA between stocks and bonds is reasonable for the 5 yr. time horizon. However, is thi...
by Grt2bOutdoors
Sat Apr 20, 2019 4:54 pm
Forum: Personal Investments
Topic: Portofolio review
Replies: 19
Views: 949

Re: Portofolio review

Not Duckie, but the thumb rule is about Age-10 to Age-15, usually rounded to nearest 5%. So for a 38 year old, even assuming aggressive allocation, recommended bonds allocation is 23%, or round it to 25%. The moderate allocation gets you to 28%, round to 30% Thanks! This make sense! While there are...
by Grt2bOutdoors
Sat Apr 20, 2019 11:26 am
Forum: Personal Investments
Topic: Portofolio review
Replies: 19
Views: 949

Re: Portofolio review

Age:38 Desired Asset allocation: 80% stocks /20% bonds 20% bonds is a little low for age 38. Do you mean I should have more than 20% in bonds? If so, how much would you recommend? 30% fixed income for aggressively positioned portfolios 40% fixed income for moderate/conservatively positioned portfol...
by Grt2bOutdoors
Fri Apr 19, 2019 10:37 pm
Forum: Personal Investments
Topic: Investing in 529
Replies: 11
Views: 785

Re: Investing in 529

^^ that works. The 529 plan trumps taxable if only for the reason that there is no tax liability when withdrawing for qualified expenses out of 529 plan. Taxable may or may not have a tax liability.
by Grt2bOutdoors
Fri Apr 19, 2019 10:36 pm
Forum: Personal Consumer Issues
Topic: Suitable present for friend's retirement?
Replies: 8
Views: 631

Re: Suitable present for friend's retirement?

Bottle of sparkling wine.
by Grt2bOutdoors
Fri Apr 19, 2019 9:25 pm
Forum: Personal Investments
Topic: Investing in 529
Replies: 11
Views: 785

Re: Investing in 529

Use an aggressive age based plan, 80/20 to 100/0, that will automatically reduce equities risk as child gets older (say age band between 10-13), then progressively as child gets closer to college age. So don't view it as simply part of my overall portfolio? I don’t, I consider the 529 to be a segre...
by Grt2bOutdoors
Fri Apr 19, 2019 9:23 pm
Forum: Personal Consumer Issues
Topic: At what point would you hire someone vs. cut down a tree yourself?
Replies: 88
Views: 2944

Re: At what point would you hire someone vs. cut down a tree yourself?

I think I'll go ahead and hire someone. I had no intention on cutting the 50 footer but thought maybe I'd try to tackle the smaller one. When I have the bigger one cut, I might as well have them take care of the smaller one as it probably would not add too much to the total cost. Went out today and...
by Grt2bOutdoors
Fri Apr 19, 2019 9:21 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 695
Views: 87408

Re: Post your Financial Milestone Announcements Here

This seems to be the right place. I just found out today that my net worth crossed $500k. That is especially satisfying to me considering I was at $-150k eight years ago with nearly poverty-level income. The great recession hit me harder than most due to being heavy in stocks and real estate (in th...
by Grt2bOutdoors
Fri Apr 19, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to save for a down payment in ~5 years?
Replies: 6
Views: 820

Re: How to save for a down payment in ~5 years?

You should not be investing in equities for your down payment. You need to be in something fairly conservative (money market, CD, etc). One recession could cut your savings in half for years. +1 My suggestion is to use a high yielding money market or FDIC insured savings account. More money has bee...
by Grt2bOutdoors
Fri Apr 19, 2019 8:24 pm
Forum: Personal Investments
Topic: Starting daughter's savings plan
Replies: 12
Views: 883

Re: Starting daughter's savings plan

OP - have your daughter define what she means by "long term". Is it 2, 5 or 10 years plus? Once the term has been defined we can then pick/suggest suitable investments for the money.
by Grt2bOutdoors
Fri Apr 19, 2019 8:22 pm
Forum: Personal Investments
Topic: Investing in 529
Replies: 11
Views: 785

Re: Investing in 529

Use an aggressive age based plan, 80/20 to 100/0, that will automatically reduce equities risk as child gets older (say age band between 10-13), then progressively as child gets closer to college age.
by Grt2bOutdoors
Fri Apr 19, 2019 8:14 pm
Forum: Personal Investments
Topic: Vanguard 529 Plan
Replies: 6
Views: 459

Re: Vanguard 529 Plan

Sol wrote:
Fri Apr 19, 2019 6:13 pm
To add to my question, in the bond part of the allocation, what kind of b bonds do you suggest? Any high yield, or is that too risky?
No high yield. If the economy sours, high yield becomes no yield, what do you think happens to the value of such bonds?
High yield = no free lunch.
by Grt2bOutdoors
Fri Apr 19, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: What is the Magic Formula for when One can RETIRE ?
Replies: 20
Views: 2218

Re: What is the Magic Formula for when One can RETIRE ?

Thanks for the help.. the income is from real estate (just one home).. granted I do have a vacancy now but otherwise, income is pretty stable and I have enough savings to easily cover 6 months. Unfortunately, I SUCK at stocks.. I have my entire life. hopefully, I can find some help on here and can ...
by Grt2bOutdoors
Fri Apr 19, 2019 5:57 pm
Forum: Personal Investments
Topic: Vanguard 529 Plan
Replies: 6
Views: 459

Re: Vanguard 529 Plan

Hi, I am starting to put money in a Vanguard 529 plan for my daughter (better late than never). I expect to put money in every month and start using it for her college expenses in about 3 years or so. Any suggestions as to types of Vanguard 529 investment allocation? Many thanks! Something conserva...
by Grt2bOutdoors
Fri Apr 19, 2019 5:36 pm
Forum: Personal Investments
Topic: Invest in taxable account for 5 years
Replies: 13
Views: 1711

Re: Invest in taxable account for 5 years

Monies needed in 5 years or less belongs in an FDIC insured account - savings and/or cd's. While Wellington is a fine fund, the problem is you might find your account value has declined by more than 35% just when you need the monies. The only thing you need to keep in mind, is for year(s) 1,2,3,4 an...
by Grt2bOutdoors
Fri Apr 19, 2019 5:13 pm
Forum: Personal Investments
Topic: I need help with my investement stratagies please
Replies: 20
Views: 1411

Re: I need help with my investement stratagies please

Open 529 plans for the kids. Make a modest initial deposit and set up an automatic deposit. I figured out how much they would need for our State University system and saved for that goal mostly in Vanguard Total US Market Fund but moving to Bond Funds as they approached college. Dave, thank you for...
by Grt2bOutdoors
Fri Apr 19, 2019 5:02 pm
Forum: Investing - Theory, News & General
Topic: In which companies do you own a single share, or token amount, of stock?
Replies: 68
Views: 3399

Re: In which companies do you own a single share, or token amount, of stock?

I still own 10 shares of Apple. I originally bought 20 shares in early 2000s, just so I could say I owned some. I'm so glad I didn't sell a couple years later when my stockbroker suggested I sell. Since I didn't need the money at that time, I held. Can you blame stockbroker? They need you to sell o...
by Grt2bOutdoors
Fri Apr 19, 2019 5:01 pm
Forum: Personal Consumer Issues
Topic: At what point would you hire someone vs. cut down a tree yourself?
Replies: 88
Views: 2944

Re: At what point would you hire someone vs. cut down a tree yourself?

How much would it cost to hire someone to chop those trees? I don't know if they are dangerous, unless they are near your house or structures that could be fallen on.. Not sure, haven't gotten any estimates. I'm guessing 400-500 for the smaller tree and have heard it can be quite expensive (1500+) ...
by Grt2bOutdoors
Fri Apr 19, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: At what point would you hire someone vs. cut down a tree yourself?
Replies: 88
Views: 2944

Re: At what point would you hire someone vs. cut down a tree yourself?

How much would it cost to hire someone to chop those trees? I don't know if they are dangerous, unless they are near your house or structures that could be fallen on.. Not sure, haven't gotten any estimates. I'm guessing 400-500 for the smaller tree and have heard it can be quite expensive (1500+) ...
by Grt2bOutdoors
Fri Apr 19, 2019 12:46 pm
Forum: Personal Consumer Issues
Topic: At what point would you hire someone vs. cut down a tree yourself?
Replies: 88
Views: 2944

Re: At what point would you hire someone vs. cut down a tree yourself?

If the tree is more than two inches in diameter or so, always hire someone - who has all the insurance coverage (liability, workers comp, etc.) Two inches or twenty inches? I’ve cut down branches with diameters exceeding two inches with no issues other than it taking longer on account of using a ma...
by Grt2bOutdoors
Fri Apr 19, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: At what point would you hire someone vs. cut down a tree yourself?
Replies: 88
Views: 2944

Re: At what point would you hire someone vs. cut down a tree yourself?

Have you operated a chainsaw before? Are you comfortable doing so? Do you have the necessary safety equipment? - gloves, eye goggles with face shield? Steel toed boots? If no to any of the above, consider what would happen to you if you run into problems. I don’t tackle things where the risk of losi...
by Grt2bOutdoors
Fri Apr 19, 2019 6:25 am
Forum: Personal Finance (Not Investing)
Topic: dropping umbrella and increasing auto liability
Replies: 56
Views: 3095

Re: dropping umbrella and increasing auto liability

JBTX wrote:
Wed Apr 17, 2019 11:31 pm
You are thinking about dropping a million in umbrella because it costs $150? Seems pretty cheap to me.
When the OP needs to hire his own attorney is when he understands what expensive means.
by Grt2bOutdoors
Thu Apr 18, 2019 9:47 am
Forum: Personal Investments
Topic: Leave a job with a pension?
Replies: 36
Views: 3695

Re: Leave a job with a pension?

Summit111 wrote:
Wed Apr 17, 2019 9:34 pm
I worked for Mega Corp my entire career. Within the last 12 years I was there, they suspended the retirement pension plan and retiree medical benefits. So, don’t count on it....

Summit
Don’t count on the 7% match either, matches can and do get cut nor are they subsequently reinstated.
by Grt2bOutdoors
Wed Apr 17, 2019 7:59 am
Forum: Personal Consumer Issues
Topic: Chat Applications (Software) Monitoring
Replies: 3
Views: 363

Re: Chat Applications (Software) Monitoring

Thanks for the advice. Much appreciated.
by Grt2bOutdoors
Tue Apr 16, 2019 7:44 pm
Forum: Personal Investments
Topic: Question about AA for someone 10 years from retirement with no savings
Replies: 21
Views: 986

Re: Question about AA for someone 10 years from retirement with no savings

Recognizing she is way behind, this is more of a "harm reduction" approach rather than her having a full retirement. I'm trying to make sure she can do so with dignity, even if it is certainly not going to be lavish. I am unsure what her SS income will be, but she has worked all of her adult life. ...
by Grt2bOutdoors
Tue Apr 16, 2019 7:25 pm
Forum: Personal Consumer Issues
Topic: Chat Applications (Software) Monitoring
Replies: 3
Views: 363

Chat Applications (Software) Monitoring

Does anyone know if it's possible to either download or buy software that monitors/censors chat applications used for gaming and other conversations? I'm not technically illiterate but I wasn't aware that there are chat applications where it seems like the wild west, and more than just innocent chat...
by Grt2bOutdoors
Tue Apr 16, 2019 6:59 pm
Forum: Personal Investments
Topic: Question about AA for someone 10 years from retirement with no savings
Replies: 21
Views: 986

Re: Question about AA for someone 10 years from retirement with no savings

60/40 or no more than 70/30. Delay retirement until age 70, collect maximum social security at age 70. Far more important to stay the course then to maximize risk exposure. How much does your mother require each year to be able to sustain her standard of living? She's going to have to save much more...
by Grt2bOutdoors
Tue Apr 16, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Savings account for child?
Replies: 35
Views: 1430

Re: Savings account for child?

Open a account at local brick and mortar bank, for the experience. My local branch hands out lollipops to kids and coffee for the adults. The next $100, open a no minimum account at Fidelity, UTMA and move to the next level of learning about saving and investing. The world is your kids oyster.
by Grt2bOutdoors
Tue Apr 16, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: How would you handle work situation?
Replies: 16
Views: 1361

Re: How would you handle work situation?

Be prepared to start looking externally (mentally), regardless of what comes out of meeting your boss sounds like a person who is not willing to give up control. You said it yourself, unwilling to promote. He would not be having this conversation with you were it not for staff leaving, that and of i...
by Grt2bOutdoors
Tue Apr 16, 2019 9:26 am
Forum: Personal Consumer Issues
Topic: What Are Your Simple Pleasures?
Replies: 100
Views: 5355

Re: What Are Your Simple Pleasures?

See handle: great 2 b outdoors. As simple as a walk around the neighborhood, going to the park, mowing the lawn, a hike. Yep, especially nice after a rainstorm and the sun comes out, like today.
by Grt2bOutdoors
Tue Apr 16, 2019 6:41 am
Forum: Investing - Theory, News & General
Topic: Can 401k type retirement plans provide safe retirement income? - Thaler & Milevsky
Replies: 16
Views: 2802

Re: Can 401k type retirement plans provide safe retirement income? - Thaler & Milevsky

Members of labor unions have pensions based on annual hours worked, from contributions made by their employers. Other than the funding source and the pension manager, isn't that fairly similar to 401k plans with your personal contributions, then you buying an annuity at retirement? Every 401k plan ...
by Grt2bOutdoors
Mon Apr 15, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance strategy for single parent
Replies: 10
Views: 570

Re: Life insurace strategy for single parent

For 4 years of college and 2 years of grad school, fully paid for, you should plan on more like $60,000 x 4 and $75,000 x 2. Call it $400,000. Add in cost of living for 3 more years and figure another $150,000. $550,000 total. When you price term insurance, you will find that adding an extra $100,0...
by Grt2bOutdoors
Mon Apr 15, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: volunteering to teach financial literacy basics
Replies: 27
Views: 1323

Re: volunteering to teach financial literacy basics

You might find that there is a huge distrust of banks. A common refrain I heard was “banks are out to steal your money”. Some folks refuse to take personal responsibility for their behavior. There are a group of people whose experience with banks is monthly maintenance fees, over draft fees, high c...
by Grt2bOutdoors
Mon Apr 15, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Life insurance strategy for single parent
Replies: 10
Views: 570

Re: Life insurace strategy for single parent

Just add up known and expected expenses. You say you don't want to account for existing assets, you want to leave that as a legacy. College Grad school Health insurance Room and board Maybe some reliable transportation (not a BMW) and associated insurance costs for it. Do you think $300K would cover...
by Grt2bOutdoors
Mon Apr 15, 2019 9:33 am
Forum: Personal Finance (Not Investing)
Topic: volunteering to teach financial literacy basics
Replies: 27
Views: 1323

Re: volunteering to teach financial literacy basics

You might find that there is a huge distrust of banks. A common refrain I heard was “banks are out to steal your money”. Some folks refuse to take personal responsibility for their behavior. There are a group of people whose experience with banks is monthly maintenance fees, over draft fees, high c...
by Grt2bOutdoors
Mon Apr 15, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: volunteering to teach financial literacy basics
Replies: 27
Views: 1323

Re: volunteering to teach financial literacy basics

Tdubs wrote:
Mon Apr 15, 2019 8:59 am
Also curious to know, has any non-profit put out some sort of classroom package of curriculum materials on the topics mentioned above for budgeting, spending, and investment, freely available?
FDIC.gov.....they have a robust classroom curriculum on personal finance/budgeting.
by Grt2bOutdoors
Mon Apr 15, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: volunteering to teach financial literacy basics
Replies: 27
Views: 1323

Re: volunteering to teach financial literacy basics

You might find that there is a huge distrust of banks. A common refrain I heard was “banks are out to steal your money”. Some folks refuse to take personal responsibility for their behavior. There are a group of people whose experience with banks is monthly maintenance fees, over draft fees, high c...
by Grt2bOutdoors
Mon Apr 15, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Next Steps Help
Replies: 5
Views: 432

Re: Next Steps Help

What is your Plan B if annual returns are 4%?
How can you access IRA at age 55? Are you thinking about rule 72(t)? That applies to 401k's, not IRA's.
by Grt2bOutdoors
Mon Apr 15, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: volunteering to teach financial literacy basics
Replies: 27
Views: 1323

Re: volunteering to teach financial literacy basics

You might find that there is a huge distrust of banks. A common refrain I heard was “banks are out to steal your money”. Some folks refuse to take personal responsibility for their behavior.
by Grt2bOutdoors
Sat Apr 13, 2019 11:27 pm
Forum: Personal Investments
Topic: Best college fund living inTexas
Replies: 9
Views: 724

Re: Best college fund living inTexas

Hello, I spoke to a person living in Texas who had started a CD for her 7 year old son. I told her best to put it into a Vanguard S&P 500 Index fund. However exploring further it seems complicated Texas appears a red state and advice was invest in New York or California as lower expenses. Can anybo...
by Grt2bOutdoors
Sat Apr 13, 2019 11:20 pm
Forum: Personal Consumer Issues
Topic: Anyone have a child model?
Replies: 42
Views: 4488

Re: Anyone have a child model?

Do you mean modeling for catalogs, etc? Assuming you do the appropriate due dilligence and make sure it isn't a scam, then I think this could a good opportunity. If your child can earn a few $K at a very young age and invest in a Roth IRA, it would be a lot of money down the road. $3K compounded at...
by Grt2bOutdoors
Sat Apr 13, 2019 10:11 pm
Forum: Personal Investments
Topic: Investing gift from grandma
Replies: 46
Views: 2864

Re: Investing gift from grandma

Why buy a lottery ticket when you can get the return of the market guaranteed? There's a saying "don't look a gift horse in the mouth". Would you rather get the gift, even if it were in the form of a lottery ticket or no gift at all? IMO, the OP should follow the wishes of grandma. At the very leas...
by Grt2bOutdoors
Sat Apr 13, 2019 10:00 pm
Forum: Personal Investments
Topic: Increasing Risk in Retirement
Replies: 26
Views: 2121

Re: Increasing Risk in Retirement

Does it make sense in early retirement to minimize risk in the first several years and then barring unforeseen and early consequential downturns, increase risk as the impact of downturns has less overall impact on the portfolio? How does the impact of downturns have less overall impact on a portfol...
by Grt2bOutdoors
Sat Apr 13, 2019 8:23 am
Forum: Personal Investments
Topic: Investing gift from grandma
Replies: 46
Views: 2864

Re: Investing gift from grandma

I don't get it. Why would she be offended if you choose to get a mutual fund? You aren't rejecting a choice she made. I don't think she'd be offended, I just think maybe disappointed. I don't know, my sense is she hopes one day that the kids see a Disney movie and think of grandma, or their friend ...
by Grt2bOutdoors
Sat Apr 13, 2019 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Contributions to grandchild's IRA
Replies: 6
Views: 438

Re: Contributions to grandchild's IRA

Can I setup a Roth IRA account for a grandchild and then directly contribute, an amount that does not exceed his or her's earned income, to that account? In this case the grandchild does not owe any income taxes. But if they did, would they be eligible for the Retirement Income Tax Credit? Should I...