Search found 21005 matches

by Grt2bOutdoors
Mon Nov 11, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Cleaning my (Financial) House
Replies: 8
Views: 1018

Re: Cleaning my (Financial) House

I keep 12 months of utility bills, all else is shredded. We keep 12 months of credit card bills and any statements that have significant purchases on them (proof of purchase/warranty claims), all else is shredded. I keep 7 years of tax returns in paper, all are electronically backed up on separate d...
by Grt2bOutdoors
Mon Nov 11, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement and Tax savings question
Replies: 6
Views: 342

Re: Retirement and Tax savings question

You can save money in a taxable account, while you will not reap upfront tax savings, any monies you do save and designate for retirement will have an equal chance of growing for your later years. Next year, you can do the IRA again plus access the 401K account for your wife.
by Grt2bOutdoors
Mon Nov 11, 2019 4:05 pm
Forum: Personal Investments
Topic: Investing $140k in cash at 1k per week
Replies: 93
Views: 4444

Re: Investing $140k in cash at 1k per week

Okay, exactly 12 weeks from now, the market begins a decline, it falls 20% (classic bear market) - you have $128K left in the kitty. Are you going to go "all-in"? or will you wait for a bigger crash that may or may not appear? Now, let's say you go "all-in", the market then begins a small rise, it t...
by Grt2bOutdoors
Mon Nov 11, 2019 9:14 am
Forum: Personal Finance (Not Investing)
Topic: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?
Replies: 44
Views: 5864

Re: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?

Your friend won a lottery! Congratulations! Chances of replicating such a win in the future - one in a million if not worse odds. Financially independent? - remains to be seen, associate with the wrong cast of characters and the money will fly out of his hands quickly. Pro's - friend is still young,...
by Grt2bOutdoors
Mon Nov 11, 2019 9:05 am
Forum: Personal Investments
Topic: UTMA v. 529 in no-tax state
Replies: 9
Views: 511

Re: UTMA v. 529 in no-tax state

Am I analyzing this UTMA v. 529 situation properly? Assume the following: -We want to superfund a college fund with $100k. -One child, currently 1 year old. No plans for a second child. -We live in Florida, so no tax break for contributing to a 529, just tax-free growth. -In Florida, a UTMA can be ...
by Grt2bOutdoors
Mon Nov 11, 2019 7:30 am
Forum: Personal Investments
Topic: Is it a good time to transfer my inflation protected securities balance to the S&P 500
Replies: 20
Views: 1480

Re: Is it a good time to transfer my inflation protected securities balance to the S&P 500

If I were you, I would wait now or dollar cost average to invest. SP500 is record high right now. $30,000 is not much but it is good that you increase the contribution. I would suggest DCA to invest for the market like this. Market time much? Wait for what? You know your crystal ball is as cloudy a...
by Grt2bOutdoors
Mon Nov 11, 2019 12:42 am
Forum: Personal Investments
Topic: Is it a good time to transfer my inflation protected securities balance to the S&P 500
Replies: 20
Views: 1480

Re: Is it a good time to transfer my inflation protected securities balance to the S&P 500

If I were you, I would wait now or dollar cost average to invest. SP500 is record high right now. $30,000 is not much but it is good that you increase the contribution. I would suggest DCA to invest for the market like this. Market time much? Wait for what? You know your crystal ball is as cloudy a...
by Grt2bOutdoors
Sun Nov 10, 2019 9:30 pm
Forum: Personal Investments
Topic: What should the AA of a young retiree be?
Replies: 20
Views: 1550

Re: What should the AA of a young retiree be?

I just FIRE'd, mid-50's, single, no kids, not intending to leave anyone an inheritance. I've accumulated > 51x of 150% expenses (not including SS). Current AA: 70/30. No more Megacorp Rat Race for me. That's 76X expenses of which 23X is in fixed income. Of course you can hold more equity, you have ...
by Grt2bOutdoors
Sun Nov 10, 2019 9:17 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 128
Views: 9475

Re: Spend It All vs. Leave $$ for the Kids

I plan to leave as much as possible to my only child. I'm hoping it's over $10M. This helps motivate me to save more/harder. If I haven't taught my child the value of savings, investing, and using money responsibly by then I haven't done my job. (Hilariously he just crawled up on the couch to watch...
by Grt2bOutdoors
Sun Nov 10, 2019 9:15 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 128
Views: 9475

Re: Spend It All vs. Leave $$ for the Kids

It would be interesting to know what percentage of BH believe (today) that their kids will be better off financially than they are. And if this has any bearing (today) on their desire to leave a legacy. My kids should be far better off since they started on 2nd base and are running fast. I barely s...
by Grt2bOutdoors
Sun Nov 10, 2019 9:06 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 128
Views: 9475

Re: Spend It All vs. Leave $$ for the Kids

Find most of these replies odd... in that it somewhat assumes that the money would be left to very young people (children/ young adults) .... which would be far from the norm. Much more likely an inheritance to be going to middle-aged / nearing retirement / in retirement descendants. By that point ...
by Grt2bOutdoors
Sun Nov 10, 2019 4:28 pm
Forum: Personal Investments
Topic: How do I invest a 529 for both now & later?
Replies: 10
Views: 651

Re: How do I invest a 529 for both now & later?

I’d only use it to pay K-12 when I felt it was fully funded What’s a reasonable number to aim for with respect to fully funding the 529? What type of school is child attending? Public or private? In state or out of state? Tuition only, or Full freight - tuition, room/board, books? How old is child?...
by Grt2bOutdoors
Sun Nov 10, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ: Underwater Car Loans
Replies: 38
Views: 2244

Re: WSJ: Underwater Car Loans

Is this really that big of a deal? Yes, the owners are underwater but it’s essentially a secured loan. The loss due to default is just the difference between the value and the loan. The leverage here seems to be relatively low and there can’t be a margin call. I mean, if people had a $100k loan on ...
by Grt2bOutdoors
Sun Nov 10, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ: Underwater Car Loans
Replies: 38
Views: 2244

Re: WSJ: Underwater Car Loans

The people look at their leaders to see what behavior is allowed. It has been tacitly accepted that the national debt will never be paid off - there is not even anybody in politics any more who even mentions the deficit, much less the debt. Those of us who cared about it fought the good fight and w...
by Grt2bOutdoors
Sun Nov 10, 2019 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ: Underwater Car Loans
Replies: 38
Views: 2244

Re: WSJ: Underwater Car Loans

...so can somebody explain how you get in...this kind of financial mess? I'll take this one... You get into this kind of mess because people are giving you money that they shouldn't be. In that article, it states that the dealers make more on financing than they do on the actual sale. As we all wel...
by Grt2bOutdoors
Sat Nov 09, 2019 2:31 pm
Forum: Personal Consumer Issues
Topic: Was I ripped off at the car dealership?
Replies: 73
Views: 6617

Re: Was I ripped off at the car dealership?

Backseat forum auto repair experts, coupled with not being there, yields.... +1. The poster who stated replacing the gasket should only take 20-30 minutes has apparently never changed one. Removing pan, scraping old gasket, cleaning residue from pan and drying it, installing new gasket and torquing...
by Grt2bOutdoors
Sat Nov 09, 2019 2:26 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 128
Views: 9475

Re: Spend It All vs. Leave $$ for the Kids

If there is anything left, it's going to my offspring. It's inherent by biology that a parent would want their offspring to have access to resources to extend the lineage. Why focus on $ only? Parents can provide many things, knowledge but knowledge or skills alone are not the liquid form of exchang...
by Grt2bOutdoors
Sat Nov 09, 2019 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Singles/DINKs in HCOL/VHCOL areas, can you please share your budget?
Replies: 14
Views: 1562

Re: Singles/DINKs in HCOL/VHCOL areas, can you please share your budget?

Cellphone, Groceries, Entertainment and Eating Out - all too low. Your rent number? I guess if you are leasing space in a closet or will have multiple roommates. A 3 bedroom in a walk up, no elevator, no doorman building in NYC could cost about $4K. Groceries are not inexpensive, everything you buy ...
by Grt2bOutdoors
Fri Nov 08, 2019 11:32 pm
Forum: Personal Consumer Issues
Topic: Was I ripped off at the car dealership?
Replies: 73
Views: 6617

Re: Was I ripped off at the car dealership?

I went in for a routine oil change. They showed me an oil stain that I had under the oil pan and told me that the oil pan gasket needed to be changed. I was told this is a three hour job and they charged me $400. The guy told me it was 350 and then come to find out, it was 400. He said the 350 was ...
by Grt2bOutdoors
Fri Nov 08, 2019 11:27 pm
Forum: Personal Consumer Issues
Topic: Was I ripped off at the car dealership?
Replies: 73
Views: 6617

Re: Was I ripped off at the car dealership?

That's correct and for the oil to be "pouring out" is to suggest that the bolts holding the pan to the engine block are loose. No way, those bolts are machined in with an air gun, how many cars on the road do you see losing their oil pans? Can't say I've seen one yet. Usually, the oil seen under a ...
by Grt2bOutdoors
Fri Nov 08, 2019 10:34 pm
Forum: Personal Consumer Issues
Topic: Was I ripped off at the car dealership?
Replies: 73
Views: 6617

Re: Was I ripped off at the car dealership?

The oil pan gasket is at the top of the oil pan. The oil, even when full, is below this level. Yes, when the engine is running there is oil flying around in the crankcase, but there is no way the oil could start "pouring out". That's correct and for the oil to be "pouring out" is to suggest that th...
by Grt2bOutdoors
Fri Nov 08, 2019 6:26 pm
Forum: Personal Investments
Topic: Series A funding Questions
Replies: 4
Views: 317

Re: Series A funding Questions

How long is the lockup? What is the exit strategy or end game for the investor? Are there any "gates"? Under what circumstances are such gates activated? How/when can you get out of the investment if you want to sell? Remember, this is your money at risk, it's best that you think of every single que...
by Grt2bOutdoors
Thu Nov 07, 2019 8:54 pm
Forum: Personal Investments
Topic: Investment Ideas
Replies: 48
Views: 2929

Re: Investment Ideas

Please take a look and comment my above conclusion. Your conclusion is off kilter. Your friend went from owing the bank $210,000 to now owing them $310,000 in principal payments. Your friend went from owing the bank $70,000 over the next 17 years to now owing the bank $210,000 in total interest pay...
by Grt2bOutdoors
Thu Nov 07, 2019 8:44 pm
Forum: Personal Investments
Topic: Investment Ideas
Replies: 48
Views: 2929

Re: Investment Ideas

Thanks for your respond. Wouldn’t you be happy to get good refinancing rate and have worth of $100,000 home equity on your hand? He doesn’t wanna put that money all in stock market and expose himself to the high risk. That was opportunity for him to get lump sum on the hand with no effect on his mo...
by Grt2bOutdoors
Thu Nov 07, 2019 8:37 pm
Forum: Personal Investments
Topic: large stake in VNQ [Vanguard Real Estate ETF]
Replies: 17
Views: 1290

Re: large stake in VNQ [Vanguard Real Estate ETF]

Hi, i'm new here. I made a lot of money in the crypto bubble a couple years ago and then lost most of it in the preceding crypto crash. The experience convinced me to education myself more on investing. I read the Boggleheads Guide to Investing before deciding that i'd like to focus more on real es...
by Grt2bOutdoors
Thu Nov 07, 2019 7:51 pm
Forum: Personal Investments
Topic: large stake in VNQ [Vanguard Real Estate ETF]
Replies: 17
Views: 1290

Re: large stake in VNQ [Vanguard Real Estate ETF]

Hi, i'm new here. I made a lot of money in the crypto bubble a couple years ago and then lost most of it in the preceding crypto crash. The experience convinced me to education myself more on investing. I read the Boggleheads Guide to Investing before deciding that i'd like to focus more on real es...
by Grt2bOutdoors
Thu Nov 07, 2019 5:02 pm
Forum: Personal Investments
Topic: Two 529 funds or add a Roth IRA instead
Replies: 17
Views: 835

Re: Two 529 funds or add a Roth IRA instead

The use of a 529 plan is a) to meet a specific need to accumulate funds on behalf of an individual for qualified schooling expenses including high school, college and/or a vocational education. The main benefits of a 529 plan are the tax free accumulation of gains, interest and dividends. B) the ben...
by Grt2bOutdoors
Thu Nov 07, 2019 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: New tables for required distributions
Replies: 12
Views: 932

Re: New tables for required distributions

Only read up to page 22, but the proposed changes aren't substantial enough for an individual to accumulate that much more or pay that much less in taxes on withdrawals. What is a 0.21% decrease in age 70.5 RMD? It's not that significant. The other interesting thing to note is the example that someo...
by Grt2bOutdoors
Wed Nov 06, 2019 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage to prepay or not prepay
Replies: 79
Views: 5482

Re: Mortgage to prepay or not prepay

Depends on mortgage rate, your liquidity, job security, amount of time left on mortgage, alternative investment vehicle, your ability, need and willingness to take risk.
by Grt2bOutdoors
Wed Nov 06, 2019 8:48 pm
Forum: Personal Consumer Issues
Topic: Question on refilling prescriptions
Replies: 41
Views: 2220

Re: Question on refilling prescriptions

All my adult life I have had all my prescriptions at one pharmacy at a time. However we are going to a different health plan and I will need to shop each prescription for the best price. I am also going to have my doctor write the Rx for twice the dosage so I can cut pills. One med I take the cost ...
by Grt2bOutdoors
Wed Nov 06, 2019 8:44 pm
Forum: Investing - Theory, News & General
Topic: The hidden cost of Fidelity’s ZERO funds
Replies: 66
Views: 5562

Re: The hidden cost of Fidelity’s ZERO funds

I hold VTI but didn't include it when I spent a complete year to compare equal investments (mine) in FZROX and FSKAX. What I found in real life, easy to look at my account and compare is that at the end of the year, FZROX clearly returned more, as in that had more in it. I then sold my position in ...
by Grt2bOutdoors
Wed Nov 06, 2019 8:24 pm
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 261
Views: 16684

Re: Will we be OK at 3% WR?

Really? Even 3% is debatable now? What's next, 2.5% is too aggressive? I agree with this. If 3% isn't safe enough, then most people can really forget about retirement planning. I mean, how many people can and will save 33x what they spend, let alone even more (for a <3% SWR)? The whole idea about u...
by Grt2bOutdoors
Wed Nov 06, 2019 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Does umbrella insurance premium change over time?
Replies: 13
Views: 871

Re: Does umbrella insurance premium change over time?

Yes, the premium can and does change. Besides a price increase, they can change the terms of your policy when it's being renewed. For example, today I received a 10+ page "Notice of Policy Change" from Geico. Lots more exclusions, more restrictive language, etc. So, even if my premium hadn't change...
by Grt2bOutdoors
Wed Nov 06, 2019 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 293
Views: 39075

Re: Do you have an umbrella policy?

Great to see this thread active for over two years. My premium this year for a $1M umbrella policy was $500.00 which seemed very high. I just increased my auto liability coverage from $250K to $500K and it decreased the umbrella premium quite a bit and resulted in a worthwhile overall savings. The ...
by Grt2bOutdoors
Wed Nov 06, 2019 8:05 pm
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 261
Views: 16684

Re: Will we be OK at 3% WR?

I always wonder what the backstory is that causes a long-time member of the forum who has many posts to ask a question like the one posed here. Just imagine if livesoft asked that question or nisiprius! Wouldn't you wonder what was going on in their lives? In fact, we I read a post or comment, I fi...
by Grt2bOutdoors
Wed Nov 06, 2019 12:11 pm
Forum: Personal Investments
Topic: When to get in.
Replies: 21
Views: 2645

Re: When to get in.

Hello, new to sight but long term investor with Bogles Index funds. Just read the Three-Fund Potrfolio book and would like to make changes to my wife’s 401-k (as in sell all and invest in these three funds). Question is, markets high right now. Do I sell, hold in a money market account, then change...
by Grt2bOutdoors
Wed Nov 06, 2019 12:07 pm
Forum: Investing - Theory, News & General
Topic: Why ever buy & hold a LT treasury?
Replies: 60
Views: 2909

Re: Why ever buy & hold a LT treasury?

LTTs have beaten stocks for the past 13 years and counting: https://www.portfoliovisualizer.com/fund-performance?s=y&symbol=PEDIX&benchmark=VFINX Ah yes, ONE instance of bonds outperforming for 13 years proves wrong OP's point about how buying and holding for 30 years LT bonds on average underperfo...
by Grt2bOutdoors
Wed Nov 06, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Pension Discount Rate (Lump Sum Valuation)
Replies: 6
Views: 268

Re: Pension Discount Rate (Lump Sum Valuation)

You are inclined to use an intermediate Treasury as the benchmark rate. What does your analysis show if you used the long term treasury or long term A corporate bond rates instead? The duration of the bond should approximate the duration of pension payments, why would you use an intermediate duratio...
by Grt2bOutdoors
Tue Nov 05, 2019 8:52 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2516
Views: 462803

Re: What are you up YTD? [Year To Date]

J G Bankerton wrote:
Tue Oct 29, 2019 5:12 pm
YTD looks really good because it doesn't include October and December of 2018. My 12 month return is 4.4% :shock: Vanguard doesn't do YTD and I don't have enough fingers and toes to figure it on my own. :(
Any 12 month return that is positive and above the rate of inflation, is a good return.
by Grt2bOutdoors
Tue Nov 05, 2019 8:48 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1007
Views: 135956

Re: Post your Financial Milestone Announcements Here

The milestone is that I hit a net worth of 2 million at great speed thanks to the continued bull market and bogleheads investing strategies and financial planning. None of it was from get rich quick schemes, bitcoin or single stock investing. All was due to long hours at work, index funds, asset al...
by Grt2bOutdoors
Tue Nov 05, 2019 8:43 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1007
Views: 135956

Re: Post your Financial Milestone Announcements Here

supersharpie wrote:
Tue Nov 05, 2019 11:30 am
Wife and I hit 600k in our retirement funds on Friday. Goal has been 1M by 40. I'm 36, she is 35. We shall see.
Congratulations!
by Grt2bOutdoors
Tue Nov 05, 2019 8:38 pm
Forum: Personal Consumer Issues
Topic: Women wearing black to a wedding?
Replies: 56
Views: 4360

Re: Women wearing black to a wedding?

Don't wear black to a wedding. It is very uncommon for women to wear to a wedding unless it's the bridesmaid color. In the US, black is worn for funerals. That's why it's poor taste to wear to a joyful occasion like a wedding. +1 I just attended a wedding (fancy place), no fewer than 25% of the fem...
by Grt2bOutdoors
Tue Nov 05, 2019 8:34 pm
Forum: Personal Investments
Topic: Retirement
Replies: 21
Views: 2702

Re: Retirement

You aren't screwed.....YET! As you pay off your student loans and mortgage, redirect those payments to retirement accounts. Don't use the money for consumption. It's not a windfall to be spent! Make a budget - do you really spend $160K a year, net of taxes? If you are spending $160K, how much is you...
by Grt2bOutdoors
Tue Nov 05, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: Received bill from sub-contractor after paying general contractor in full
Replies: 14
Views: 3047

Re: Received bill from sub-contractor after paying general contractor in full

Wait to hear back from the General Contractor. How long has it been since you contacted them?
by Grt2bOutdoors
Tue Nov 05, 2019 1:26 am
Forum: Personal Investments
Topic: Looking for some advice with my first investments with Vanguard
Replies: 7
Views: 725

Re: Looking for some advice with my first investments with Vanguard

Use a target date fund until you accumulate enough funds to implement a slice and dice portfolio. Keep it simple.
by Grt2bOutdoors
Tue Nov 05, 2019 12:55 am
Forum: Personal Investments
Topic: Your Opinion Please [Asset Allocation]
Replies: 14
Views: 1210

Re: Your Opinion Please

yes i have been on the forum for years and dont need to take the risk but there are plenty of people who have been on this forum for long periods of time who are going to take a look and still make sure that what your doing works well for you...this is why i ask the question as im reading quite a b...
by Grt2bOutdoors
Tue Nov 05, 2019 12:15 am
Forum: Personal Investments
Topic: Those who buy SOME individual stocks, where do you put them?
Replies: 12
Views: 983

Re: Those who buy SOME individual stocks, where do you put them?

Taxable, if you bet wrong at least you can write off loss on income tax, losing in a retirement account you lose twice, once on loss and once with inability to reduce your current taxable income.
by Grt2bOutdoors
Mon Nov 04, 2019 4:42 am
Forum: Personal Consumer Issues
Topic: Wedding gift from brother
Replies: 28
Views: 3824

Re: Wedding gift from brother

Cold hard cash!
by Grt2bOutdoors
Sat Nov 02, 2019 9:46 am
Forum: Personal Investments
Topic: Is saving for college using an EID better than a 529?
Replies: 4
Views: 528

Re: Is saving for college using an EID better than a 529?

Please check carefully the rules on your EID. Most deferred comp plans I am familiar with have you set up distributions based on age or separation [/u]from company. I am not aware of plans that allow withdrawals for education or any other purpose, your money is locked up until your defined withdraw...
by Grt2bOutdoors
Sat Nov 02, 2019 7:33 am
Forum: Personal Investments
Topic: Still don’t understand Bond Index Funds..
Replies: 10
Views: 2135

Re: Still don’t understand Bond Index Funds..

Individual bonds have individual issuer risks. Diversified bond index funds are designed to avoid single issuer defaults . Diversified bond index funds are designed to spread the risk of any one single issuer default from having a significant impact on the performance of the fund. An index fund is ...