Search found 19507 matches

by Grt2bOutdoors
Fri Feb 15, 2019 3:49 pm
Forum: Investing - Theory, News & General
Topic: Wellesley’s Secret Sauce to Remain Secret
Replies: 20
Views: 2446

Re: Wellesley’s Secret Sauce to Remain Secret

The list of portfolio managers has changed over time so we don't know if the methodology has also changed. W. Michael Reckmeyer, III is the current Equity Portfolio Manager and has advised the fund since 2007. Note also that lead Fixed Income Manager John Keogh will retire from Wellington Managemen...
by Grt2bOutdoors
Fri Feb 15, 2019 3:15 pm
Forum: Investing - Theory, News & General
Topic: Wellesley’s Secret Sauce to Remain Secret
Replies: 20
Views: 2446

Re: Wellesley’s Secret Sauce to Remain Secret

livesoft wrote:
Fri Feb 15, 2019 7:07 am
I think the secret sauce is related to behavioral finance. I think Wellesley will use longer duration bonds that investors on their own would not use. Wellesley will buy shares of companies when they on really bad days that investors on their own would not.
+1.
by Grt2bOutdoors
Thu Feb 14, 2019 8:16 pm
Forum: Personal Consumer Issues
Topic: What's up with my snowblower?
Replies: 24
Views: 1351

Re: What's up with my snowblower?

If you can't read the dipstick, have someone read it for you. Adding oil based on engine sound is a new one on me. My snowblower purchased in 1996 is still running fine. Mine is a 1997 model. MTD Yard Machine 10hp/24" width. Bought it the fall we bought our first house. Went in and they had 5,8,10,...
by Grt2bOutdoors
Wed Feb 13, 2019 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24564

Re: Cost of college and 529

NYU is one of the high priced schools notorious for providing little aid. There are plenty of schools which offer merit aid for students whose qualifications would make them attractive. Maybe you got accepted to High Prestige U but couldn't afford it, but with a scholarship you can go to Darn Good ...
by Grt2bOutdoors
Tue Feb 12, 2019 10:43 pm
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 149
Views: 14518

Re: Tributes to Jack Bogle

I don't understand why John Bogle was never awarded with the Presidential Medal of Freedom Award. I cannot think of anyone more worthy. FBM2014: We tried hard to get Jack The Presidential Medal of Freedom which he obviously deserved. We carefully prepared a package of Jack's accomplishments and I s...
by Grt2bOutdoors
Tue Feb 12, 2019 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24564

Re: Cost of college and 529

NYU is one of the high priced schools notorious for providing little aid. There are plenty of schools which offer merit aid for students whose qualifications would make them attractive. Maybe you got accepted to High Prestige U but couldn't afford it, but with a scholarship you can go to Darn Good ...
by Grt2bOutdoors
Tue Feb 12, 2019 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Idea or Good Idea? - Investing in 529 College Savings Plan
Replies: 69
Views: 3564

Re: Bad Idea or Good Idea? - Investing in 529 College Savings Plan

If you want to lose money and most of the earnings on it (minus tax) to pay for your kids college, AND you are in a higher fed/state bracket, AND you have good 529 options and tax breaks, AND you maxed out all other tax advantaged space, go for it. Otherwise, I'd avoid anything over a nominal contr...
by Grt2bOutdoors
Tue Feb 12, 2019 10:21 pm
Forum: Personal Investments
Topic: Wellington & Wellesley Funds
Replies: 20
Views: 3178

Re: Wellington & Wellesley Funds

I'm 40, with a securities AA of 30/70 stocks/bonds, and Wellesley is my largest, core holding in my 401k. I have never examined Wellington, but Wellesley is a fine fund, in my opinion. I'm happy with it's holdings and the long-standing management philosophy of the fund, even though it's actively ma...
by Grt2bOutdoors
Tue Feb 12, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Bad Idea or Good Idea? - Investing in 529 College Savings Plan
Replies: 69
Views: 3564

Re: Bad Idea or Good Idea? - Investing in 529 College Savings Plan

BTW, Financial Aid = loans. Loans are instruments you are required to start paying back once you graduate from school. Loans are not dischargeable in bankruptcy, they will follow you until you die. A child can only sign for $5,500 in loans, after that the parent must sign the loan document to guara...
by Grt2bOutdoors
Tue Feb 12, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Bad Idea or Good Idea? - Investing in 529 College Savings Plan
Replies: 69
Views: 3564

Re: Bad Idea or Good Idea? - Investing in 529 College Savings Plan

529 plans are a great idea if you are wealthy, don't expect financial aid, your child is going to college, and you have all your retirement funding bases covered. Don't let anyone bully you into not having one or two of them, especially if you get state income tax savings. 529 plans are not a great...
by Grt2bOutdoors
Tue Feb 12, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Bad Idea or Good Idea? - Investing in 529 College Savings Plan
Replies: 69
Views: 3564

Re: Bad Idea or Good Idea? - Investing in 529 College Savings Plan

If you want to lose money and most of the earnings on it (minus tax) to pay for your kids college, AND you are in a higher fed/state bracket, AND you have good 529 options and tax breaks, AND you maxed out all other tax advantaged space, go for it. Otherwise, I'd avoid anything over a nominal contr...
by Grt2bOutdoors
Mon Feb 11, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting large private transaction to IRS?
Replies: 5
Views: 460

Re: Reporting large private transaction to IRS?

How do you know it wasn't reported? Just because you did not receive a 1099-B, does not mean the seller did not send the IRS documentation. I am the seller, and I know I didn't report anything to the IRS (I asked the lawyers who handled the contract if I should have done anything, they said it was ...
by Grt2bOutdoors
Mon Feb 11, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting large private transaction to IRS?
Replies: 5
Views: 460

Re: Reporting large private transaction to IRS?

Hi, In 2018, I sold some shares of a private illiquid company to a third party, for low 7 figures. The transaction was regulated by a proper contract written by lawyers, which clearly states which ones of my lots were sold, what was their cost basis, and what was the sale price. The IRS doesn't kno...
by Grt2bOutdoors
Sun Feb 10, 2019 10:57 pm
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 149
Views: 14518

Re: "John Bogle. RIP"

There can't be enough tributes to John C. Bogle, or Jack as he liked to be called. He was a fine human being and will be very much missed. Sad that I didn't ever get to meet him. Well said. :beer Same here. While we may not have met him in person, I doubt each of us will forget him and his legacy.
by Grt2bOutdoors
Sun Feb 10, 2019 10:44 pm
Forum: Personal Investments
Topic: FIRE? Need second pair of Bogle-eyes for retirement plan
Replies: 22
Views: 2586

Re: FIRE? Need second pair of Bogle-eyes for retirement plan

4. nearly 1M in cash, you may want to find ways to make better use of your cash such as high yield savings, CDs, treasury bills/notes, etc. A municipal bond fund like VWITX may be helpful Sorry: I meant to say: the nearly 1M in cash sits in a number of (FDIC) saving accounts like ALLY, etc. $3.6 mi...
by Grt2bOutdoors
Sun Feb 10, 2019 8:16 am
Forum: Personal Consumer Issues
Topic: a week in Italy(first time)
Replies: 29
Views: 1758

Re: a week in Italy(first time)

If you have to be in Milan, book a reservation to see The Last Supper. Do it right now. In your shoes, I would travel then to Florence and do the Uffizi and ACADEMIA (David) Then to Rome to see the Vatican and Roman sights. Can you not fly open jaws? Spend 2 days in Rome, spend 3 days in Florence. ...
by Grt2bOutdoors
Sat Feb 09, 2019 9:05 pm
Forum: Non-US Investing
Topic: An investment that never loses money [Malaysia]
Replies: 13
Views: 2266

Re: An investment that never loses money [Malaysia]

Consistently declare 6% dividend and above.. Too good to be true? I don't know how the fund is able to get their money during 08 crash.... The dividend record is just too good.... Asnb Malaysia.... They claim to invest in equity, and some variation of fixed income. Should I trust the fund with my m...
by Grt2bOutdoors
Sat Feb 09, 2019 8:38 pm
Forum: Personal Investments
Topic: Roth 403b or 457 for two teacher family with two pensions
Replies: 22
Views: 1132

Re: Roth 403b or 457 for two teacher family with two pensions

You could either fund ROTH 403b's or continue funding on a tax deferred basis but change the allocation in the 403b to be heavily fixed income (slower growth). Current tax law requires RMD's to increase as you age, a large 403b would increase your expected tax liability. There is no law that require...
by Grt2bOutdoors
Sat Feb 09, 2019 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Is $53 too much for life insurance for me and my wife?
Replies: 36
Views: 2564

Re: Is $53 too much for life insurance for me and my wife?

Hi guys. I just signed up for life insurance through an agent who happens to be a friend. My current quote is $38 per month for $500,000 for a 20 year term. My wife’s will be $15 per month for $100,000 for a 20 year term. So a total of $53 per month. We are both 34. I am curious why you signed your...
by Grt2bOutdoors
Sat Feb 09, 2019 4:58 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' Guide to Investing - Is under Review
Replies: 15
Views: 3217

Re: The Bogleheads' Guide to Investing - Is under Review

I lent it to my brother in law, I still haven’t gotten it back (been over 3 years). Looks like the "Stay the Course" chapter sunk in with him. :D I would say it's more like the "Buy and Hold" chapter sunk in with him. As in, Grt2bOutdoors bought it, but his brother in law is holding it! :oops: You ...
by Grt2bOutdoors
Sat Feb 09, 2019 4:55 pm
Forum: Personal Investments
Topic: I'm worried about my pension
Replies: 15
Views: 2586

Re: I'm worried about my pension

Difference between a public and private plan. A municipality can enact by act of legislative body laws that institute taxes, special assessments, fees and if needed, can raise a bond issue. While 52% is not ideal, if you were PBGC (you’re not), you’d be in the yellow zone. If it drops into the 40% r...
by Grt2bOutdoors
Sat Feb 09, 2019 1:19 pm
Forum: Personal Investments
Topic: Am I retirement ready?
Replies: 56
Views: 5762

Re: Am I retirement ready?

Well here is an update. Market rebound plus incentive payouts now have the NW at $3.3M and invested assets at $2.4M. However, I made some errors in my initial estimates of last 2 years spending. It actually has averaged $90K vs. the $77K I listed in original post. I still think I'm fine given we ha...
by Grt2bOutdoors
Sat Feb 09, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: 75 yr old MIL - Pay off mortgage at 4.0%?
Replies: 30
Views: 1736

Re: 75 yr old MIL - Pay off mortgage at 4.0%?

I suggest at least considering doing it over two years. Her total income (including the RMD) is going to be very near the lowest IRMAA tier which should be $85k if she is single. Going over that limit will raise her Medicare Part B premiums about $600 a year. It may raise other Medicare premiums as...
by Grt2bOutdoors
Fri Feb 08, 2019 7:59 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' Guide to Investing - Is under Review
Replies: 15
Views: 3217

Re: The Bogleheads' Guide to Investing - Is under Review

BlueCable wrote:
Fri Feb 08, 2019 10:29 am
Thank you Taylor and others for this book. It is the one I lend out to friends who see my personal finance book collection and ask where to start. Mr Bogle started the movement but you help bring it to the people!
I lent it to my brother in law, I still haven’t gotten it back (been over 3 years).
by Grt2bOutdoors
Fri Feb 08, 2019 7:58 pm
Forum: Personal Consumer Issues
Topic: The Bogleheads' Guide to Investing - Is under Review
Replies: 15
Views: 3217

Re: The Bogleheads' Guide to Investing - Is under Review

Beware of this book. It will change how you approach investing. I read it and lost my interest in the big-name, actively-managed funds. The book turned me into a boring three-fund-portfolio investor. All my funds begin with the word Total and end with the word Index. Think how exciting my life migh...
by Grt2bOutdoors
Fri Feb 08, 2019 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Future value of retirement savings & contributions
Replies: 13
Views: 1243

Re: Future value of retirement savings & contributions

Perfect! That's exactly what I was after. Thank you. So, it is safe to assume my accounts will be worth ~$1.9MM with my above criteria, correct? NBKCF, Yes, but as I always said, is it safe to assume that you will be continuously fully-employed until retirement age? I know that I am not. KlangFool ...
by Grt2bOutdoors
Thu Feb 07, 2019 10:09 pm
Forum: Investing - Theory, News & General
Topic: To What Degree Does Money Buy Happiness?
Replies: 107
Views: 4856

Re: Does Money Buy Happiness?

Money won't buy happiness, but poverty sucks. In before the lock... Do these types of posts get locked? I'm fairly new to this board. Click the https://www.bogleheads.org/forum/rules link. Read the forum rules, which generally state that topics need to be actionable and personal to the poster. So y...
by Grt2bOutdoors
Thu Feb 07, 2019 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is the MBA degree market saturated?
Replies: 39
Views: 3432

Re: Is the MBA degree market saturated?

Some fields still have credentials that matter, like the CPA or CFA. I have cousins who in total have 2 stanford mbas, 2 harvard mba, and 1 wharton mba (who is married to a wharton mba) and NONE of them are any more successful with their mba then they were without. I'm sure I will take a lot of fla...
by Grt2bOutdoors
Thu Feb 07, 2019 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Future value of retirement savings & contributions
Replies: 13
Views: 1243

Re: Future value of retirement savings & contributions

Can I leverage some of your knowledge to help with some calculations? This is mainly a sanity check because I can't seem to get the same results from all the retirement calculators available online. I want to know how much my retirement account will be worth given the following: Current balance: $9...
by Grt2bOutdoors
Thu Feb 07, 2019 9:51 pm
Forum: Personal Investments
Topic: Claiming UTMA (American Funds)
Replies: 14
Views: 500

Re: Claiming UTMA (American Funds)

I'm a 22 yr old living in CA. I have an UTMA at American Funds and I'm trying to claim it so that I can sell it and just buy VTSAX Vanguard Total Stock Market. Is there any way to claim the funds without a financial advisor associated with it? I contacted the financial advisor that my parent uses f...
by Grt2bOutdoors
Thu Feb 07, 2019 9:48 pm
Forum: Investing - Theory, News & General
Topic: To What Degree Does Money Buy Happiness?
Replies: 107
Views: 4856

Re: Does Money Buy Happiness?

Money gives you choices. When you have no money, you don't have a choice.
by Grt2bOutdoors
Thu Feb 07, 2019 7:06 pm
Forum: Personal Investments
Topic: Lost Job - Paying off Mortgage or Not
Replies: 14
Views: 1645

Re: Lost Job - Paying off Mortgage or Not

Why would you trade a liquid asset for an illiquid asset when you have no incoming cash flow? Your most important asset is your liquidity. Keep your cash, keep your investments. The name of the game is survival, the liquidity provides you with options. You currently have nearly 9 years of current ex...
by Grt2bOutdoors
Thu Feb 07, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 107
Views: 10701

Re: Need Help - DW Laid Off and Company wants her back now

There's a little good advice up stream here and a lot of bad advice. If she wants to stay I would focus on being reassigned to a supervisor and manager who understands her work and values her contributions. I'd also start working on a Plan B through her network of former co-workers. Since she has a...
by Grt2bOutdoors
Thu Feb 07, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 107
Views: 10701

Re: Need Help - DW Laid Off and Company wants her back now

Asking for the 4 months severance, vesting of options immediately, a $100,000 bonus, etc are all great to ask for, but maybe someone in the organization who made the decision to terminate her, might think she is trying to take advantage of the situation. As well she should. The level of utter incom...
by Grt2bOutdoors
Thu Feb 07, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: 8606 trigger audit?
Replies: 8
Views: 972

Re: 8086 trigger audit?

What is an 8086? Medical billing code?

Or are you referring to Form 8606?
by Grt2bOutdoors
Thu Feb 07, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: 8606 trigger audit?
Replies: 8
Views: 972

Re: 8086 trigger audit?

delete
by Grt2bOutdoors
Wed Feb 06, 2019 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 107
Views: 10701

Re: Need Help - DW Laid Off and Company wants her back now

Does your wife want to go back? If your wife is responsible for millions of dollars in revenue, then they have the pockets to pay her. Obviously, they showed little loyalty to her, she's just a number. If she does, this little "oopsie" needs to sting HR back into reality ---> you can ask for a guara...
by Grt2bOutdoors
Wed Feb 06, 2019 12:32 pm
Forum: Personal Investments
Topic: am I on the right track?
Replies: 14
Views: 1010

Re: am I on the right track?

Hello fellow Bogleheads. I am new to the forum and am so glad I found this site. I recently transferred over money to Vanguard and thinking we strategically picked the right path we are now having second thoughts so wanted to try and get some advice, direction, etc. Any advice is greatly appreciate...
by Grt2bOutdoors
Wed Feb 06, 2019 12:27 pm
Forum: Investing - Theory, News & General
Topic: The Little Pension That Dumped Dalio
Replies: 14
Views: 2651

Re: The Little Pension That Dumped Dalio

The state of affairs for pension plans has less to do with pension consultants and more to do with "budget math". It's simple, the savings rate is what matters in accumulating enough assets for retirement, if you decide to take a "holiday" and withhold contributions you are simply shortchanging the...
by Grt2bOutdoors
Wed Feb 06, 2019 12:12 pm
Forum: Personal Investments
Topic: Valuation seem high. When to buy into 3-fund folio.
Replies: 24
Views: 2280

Re: Valuation seem high. When to buy into 3-fund folio.

I'm new on here, not sure if i'm pressing the correct buttons. I sent one reply already and don't see it posted. Essentially, I want to thank everyone for their input. I also gravitated to the response by "lakpr". I'm not an experienced investor by any means. Thus the fact that i won't need a good ...
by Grt2bOutdoors
Tue Feb 05, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: What does financial peace look like to YOU?
Replies: 64
Views: 5614

Re: What does financial peace look like to YOU?

Just my observation, but listening to Dave Ramsey and other sources often exacerbates the lack of feeling financial peace. Listening to Dave Ramsey should instill gratitude if you are to be so fortunate as to not be in some of the predicaments many of these folks are in. Listen to a few of those De...
by Grt2bOutdoors
Tue Feb 05, 2019 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24564

Re: Cost of college and 529

Can't think of anything less contrarian on this forum than not borrowing for education. Some think the student should take out federal loans for a nominal amount to have skin in the game, some think the student has enough skin in the game regardless of borrowing. Some think parents who have decent ...
by Grt2bOutdoors
Tue Feb 05, 2019 9:51 pm
Forum: Personal Investments
Topic: One or Two 401K per family
Replies: 11
Views: 966

Re: One or Two 401K per family

You could have zero 401k, zero IRA and still be able to retire. The sum total of all of your savings irrespective of location could be used to support oneself for retirement. Don’t get hung up on what vehicle you may or may not have available. The end result is if one does not save or accumulate ass...
by Grt2bOutdoors
Tue Feb 05, 2019 6:42 pm
Forum: Personal Investments
Topic: Retirement Planning when you have more than required
Replies: 11
Views: 1234

Re: Retirement Planning when you have more than required

Find something to do, plan it first, before you actually retire. Take 1-6 months to settle your affairs, then retire. You have enough to avoid nearly all possible negative outcomes in the market. Enjoy your life.
by Grt2bOutdoors
Tue Feb 05, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax doubled! [is this allowed?]
Replies: 8
Views: 1339

Re: Property tax doubled! [is this allowed?]

I own a dental practice in Los Angeles County. Can the business owner "double" the property tax due on a triple net lease from one year to the next? I have been there for 18 years. I thought property tax can only be increased by 2% every year. Has the property ownership changed hands recently? Whil...
by Grt2bOutdoors
Tue Feb 05, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24564

Re: Cost of college and 529

Can't think of anything less contrarian on this forum than not borrowing for education. Some think the student should take out federal loans for a nominal amount to have skin in the game, some think the student has enough skin in the game regardless of borrowing. Some think parents who have decent ...
by Grt2bOutdoors
Tue Feb 05, 2019 5:57 pm
Forum: Investing - Theory, News & General
Topic: The Little Pension That Dumped Dalio
Replies: 14
Views: 2651

Re: The Little Pension That Dumped Dalio

The title says it all. A tiny pension fund decided that the fees were too high (3.69% annually) while returns were too low over a 5-year period, so they moved the moneys to a lower fee fund which is a passively managed within Bridgewater. https://www.bloomberg.com/news/articles/2019-01-24/dalio-fun...
by Grt2bOutdoors
Tue Feb 05, 2019 5:51 pm
Forum: Personal Investments
Topic: Just about retirement age...am I on the right track?
Replies: 15
Views: 2321

Re: Just about retirement age...am I on the right track?

Welcome to the forum! The whole issue of retirement funding is your expense level. It is pretty easy to project income, but one has to know one’s expenses to know if it is “enough”. At your ages, you can easily withdraw 90,000 a year (3%) - including future inflation adjustments - from your portfol...
by Grt2bOutdoors
Tue Feb 05, 2019 10:02 am
Forum: Investing - Theory, News & General
Topic: The Little Pension That Dumped Dalio
Replies: 14
Views: 2651

Re: The Little Pension That Dumped Dalio

The title says it all. A tiny pension fund decided that the fees were too high (3.69% annually) while returns were too low over a 5-year period, so they moved the moneys to a lower fee fund which is a passively managed within Bridgewater. https://www.bloomberg.com/news/articles/2019-01-24/dalio-fun...
by Grt2bOutdoors
Tue Feb 05, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24564

Re: Cost of college and 529

At the end of the day, isn’t this like retirement savings? When you/kids are younger, save something, get the habit. As you/kids get older and expected costs become clearer, raise the amount as needed to hit updated goals. Leemiller, I disagreed. This is a luxury good. It is optional. It is afforda...