Search found 21035 matches

by Grt2bOutdoors
Tue Nov 19, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should we start saving in Roth accounts?
Replies: 6
Views: 687

Re: Should we start saving in Roth accounts?

At the social security talk I attended (part of a public agency retirement seminar), the social security representative said that retirement is based on a three legged stool. The three legs are: pension, savings, and social security. I would try to get a pension if at all possible and supplement it...
by Grt2bOutdoors
Tue Nov 19, 2019 4:19 pm
Forum: Personal Investments
Topic: Colllege Son with $30k Savings - Tiered Approach?
Replies: 1
Views: 50

Re: Colllege Son with $30k Savings - Tiered Approach?

Hello. My 20 year old, Junior in college has about 30K currently in his savings. I am trying to guide him on his finances. He currently has a Vanguard target fund retirement account. He wants to contribute a bit more to that but is unsure what to do with the rest. I thought a tiered approach would ...
by Grt2bOutdoors
Tue Nov 19, 2019 7:03 am
Forum: Personal Finance (Not Investing)
Topic: Should we start saving in Roth accounts?
Replies: 6
Views: 687

Re: Should we start saving in Roth accounts?

Yes, save in the Roth. You don’t get social security so consider your Roth savings to be the equivalent of social security.
by Grt2bOutdoors
Mon Nov 18, 2019 10:20 pm
Forum: Investing - Theory, News & General
Topic: I have often wondered how long a person would last in retirement taking dividends and capital gain from the Wellington?
Replies: 17
Views: 2963

Re: I have often wondered how long a person would last in retirement taking dividends and capital gain from the Wellingt

Picking Wellington or Wellesley is a good choice in hindsight, since they didn't have tech stocks in 2001 and benefited from a long-term fall in interest rates. The problem is going forward, where low bond yields with little room to fall to create capital gains creates a potential drag, which is li...
by Grt2bOutdoors
Mon Nov 18, 2019 9:16 pm
Forum: Personal Investments
Topic: Do you regret rebalancing over the last few years?
Replies: 66
Views: 5275

Re: Do you regret rebalancing over the last few years?

Regrets, I have a few, but then again, too few to mention. Wow, that is profound, you should be a songwriter. Ole Blue Eyes. :wink: Hahaha, my recent college-grad likes to tease me about spending so much time on "that old-person site." Although, for the record, I grew up on the Andy Williams versio...
by Grt2bOutdoors
Mon Nov 18, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Which Life Insurance company to go with? And other questions
Replies: 18
Views: 1064

Re: Which Life Insurance company to go with? And other questions

For 2019, my income will be ~$150,000. My income will increase over time as I become a partner/co-owner in my practice. It is very difficult to project what it would be in the future. Somewhere in the $200,000-300,000 would be a reasonable expectation, but honestly it’s difficult to know a more acc...
by Grt2bOutdoors
Mon Nov 18, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Which Life Insurance company to go with? And other questions
Replies: 18
Views: 1064

Re: Which Life Insurance company to go with? And other questions

I'd just go with Lincoln. Fast underwriting if you're in good health. I just had a client approved in less than two weeks, normal underwriting with most companies is 6-8 weeks. Just so you're aware, if you apply with Thrivent (since they're the only A++ rated company on your list) you have to sign ...
by Grt2bOutdoors
Mon Nov 18, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage lenders in NY
Replies: 3
Views: 199

Re: Mortgage lenders in NY

Big name banks are not in business of being a price taker, they do large enough volumes that they don’t need to. Many times, they are the ones financing the mortgage brokers.
by Grt2bOutdoors
Mon Nov 18, 2019 4:36 pm
Forum: Personal Investments
Topic: Do you regret rebalancing over the last few years?
Replies: 66
Views: 5275

Re: Do you regret rebalancing over the last few years?

mptfan wrote:
Mon Nov 18, 2019 4:30 pm
goblue100 wrote:
Sun Nov 17, 2019 10:00 am
Regrets, I have a few, but then again, too few to mention.
Wow, that is profound, you should be a songwriter.
Ole Blue Eyes. :wink:
by Grt2bOutdoors
Mon Nov 18, 2019 4:35 pm
Forum: Personal Investments
Topic: Do you regret rebalancing over the last few years?
Replies: 66
Views: 5275

Re: Do you regret rebalancing over the last few years?

No. Rebalancing reduces regret of loss. Nothing worse than watching your portfolio plummet in value when you could have done something to mitigate the damage.
by Grt2bOutdoors
Mon Nov 18, 2019 4:31 pm
Forum: Personal Consumer Issues
Topic: OMG My New House is SO Drafty!
Replies: 40
Views: 4233

Re: OMG My New House is SO Drafty!

Quick fix on the electrical outlets - remove cover plate, insert Jack Frost electrical outlet foam insulation, place cover plate back on and screw it in. I am not familiar with the Jack Frost stuff but there are products sold for the specific purpose of fixing drafts from electrical outlets. As to ...
by Grt2bOutdoors
Mon Nov 18, 2019 4:08 pm
Forum: Personal Consumer Issues
Topic: morality, kids, tuition etc
Replies: 68
Views: 3955

Re: morality, kids, tuition etc

Offering $20,000 in exchange for not attending the first two years of a senior college is a poor offer. The first two years is when most kids are discovering what avenues they wish to pursue as a career, the senior college will expose the first/second year students to juniors and seniors in the fiel...
by Grt2bOutdoors
Mon Nov 18, 2019 3:59 pm
Forum: Personal Consumer Issues
Topic: morality, kids, tuition etc
Replies: 68
Views: 3955

Re: morality, kids, tuition etc

Giving an 18 year old that choice, when they are not really equipped to understand the ramifications, is unfair. Winner, winner, chicken dinner. Unfortunately, 18 year olds get to make choices that will affect the rest of their lives. Don’t add to the pressure. 18 year olds like to think they’re “a...
by Grt2bOutdoors
Mon Nov 18, 2019 3:51 pm
Forum: Personal Consumer Issues
Topic: OMG My New House is SO Drafty!
Replies: 40
Views: 4233

Re: OMG My New House is SO Drafty!

Quick fix on the electrical outlets - remove cover plate, insert Jack Frost electrical outlet foam insulation, place cover plate back on and screw it in. The doors and windows should have had foam insulation sprayed all around the perimeter of the windows when they were installed. Is that not the ca...
by Grt2bOutdoors
Mon Nov 18, 2019 1:03 pm
Forum: Personal Investments
Topic: How to invest proceeds from a 10 Year ARM?
Replies: 20
Views: 1116

Re: How to invest proceeds from a 10 Year ARM?

This is the second post I have seen where someone is posting about doing as cash-out refi of the mortgage and investing it in the market. In that other thread, people have pretty much dumped on the original poster -- https://www.bogleheads.org/forum/viewtopic.php?f=1&t=294355 At least in this threa...
by Grt2bOutdoors
Sat Nov 16, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 114
Views: 7071

Re: More retirees have a mortgage

A mortgage is a source of liquidity, the ability to tap equity in what can be said is the largest asset for many Americans. Outside of this forum,I’d say most of those holding mortgages are doing so because they “need” to (inability to payoff mortgage at an accelerated rate or in one fell swoop) ver...
by Grt2bOutdoors
Fri Nov 15, 2019 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: California Divorce, Our Son
Replies: 28
Views: 4044

Re: California Divorce, Our Son

divorce is not imminent; just thinking if I should continue helping him grow his roth ira and personal investment account as a parent you think about these consequences it would kill me if the wife got any of his assets since most were there prior to marriage This is not a finance issue, it appears...
by Grt2bOutdoors
Fri Nov 15, 2019 6:44 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing into bond funds with record low interest rates
Replies: 36
Views: 2982

Re: Rebalancing into bond funds with record low interest rates

I don't "need" to increase the net worth at this point and would be comfortable with 20% or fewer equities. If I can generate 2%/yr on my portfolio, it gets me where I want and need to be. (I have no desire to leave a legacy or significant $$ to others..I earned what I earned..they can earn what th...
by Grt2bOutdoors
Fri Nov 15, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: California Divorce, Our Son
Replies: 28
Views: 4044

Re: California Divorce, Our Son

The Roth should not be a problem as it was not funded by marital income but funded by us, his parents he is allowed to make GIFTS up to a certain amount legally the older we get, the more we hear of divorces That's not correct. Individual Retirement Arrangements are funded by account owner's earned...
by Grt2bOutdoors
Fri Nov 15, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage to prepay or not prepay
Replies: 83
Views: 6457

Re: Mortgage to prepay or not prepay

corn18 wrote:
Thu Nov 14, 2019 6:34 pm
Well, I talked to my wife and we decided to payoff our mortgage today. Sure feels good.
Congrats!
by Grt2bOutdoors
Fri Nov 15, 2019 5:31 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing into bond funds with record low interest rates
Replies: 36
Views: 2982

Re: Rebalancing into bond funds with record low interest rates

Hi, everyone. Looking at my AA today, the 2019 run-up in equities means that I need to move a pretty decent chunk ($300 - 500K) out of stocks (and funds containing stocks) to get back to a comfortable level of risk. Normally, I'd re balance into bond funds and add to our holdings in PIMIX, DODIX, P...
by Grt2bOutdoors
Wed Nov 13, 2019 8:03 pm
Forum: Investing - Theory, News & General
Topic: Help me understand Owl Rock's 7% return
Replies: 16
Views: 1576

Re: Help me understand Owl Rock's 7% return

Today a client of mine started chatting about a recent investment he made in Owl Rock. He said it returns 7 - 8%. went to the link provided (https://owlrock.com/wp-content/uploads/2019/09/ORCC-II-Holdings-Sheet-Template-Q2-2019.pdf) and found that only 10.1% of all the investments pay interest of 7...
by Grt2bOutdoors
Wed Nov 13, 2019 8:00 pm
Forum: Personal Investments
Topic: Help! What do I do with my children's money?
Replies: 28
Views: 1832

Re: Help! What do I do with my children's money?

Those who have mentioned children having savings accounts, have you found a bank that actually opens an account for a minor or do you in fact have custodial accounts? I looked at the Ally site for accounts for minors and I am pretty sure those accounts are all custodial accounts. I do remember goin...
by Grt2bOutdoors
Wed Nov 13, 2019 7:24 pm
Forum: Investing - Theory, News & General
Topic: Help me understand Owl Rock's 7% return
Replies: 16
Views: 1576

Re: Help me understand Owl Rock's 7% return

Today a client of mine started chatting about a recent investment he made in Owl Rock. He said it returns 7 - 8%. went to the link provided (https://owlrock.com/wp-content/uploads/2019/09/ORCC-II-Holdings-Sheet-Template-Q2-2019.pdf) and found that only 10.1% of all the investments pay interest of 7...
by Grt2bOutdoors
Wed Nov 13, 2019 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Collection Calls Right After Death
Replies: 35
Views: 2779

Re: Collection Calls Right After Death

I would imagine six years is beyond the statute of limitations in most of states, so even if legit could not be collected. Check your state here https://www.incharge.org/understanding-debt/credit-card/what-is-statute-of-limitations-all-50-states/ Many states have a six year statute, which could be ...
by Grt2bOutdoors
Wed Nov 13, 2019 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do a cash out refinance?
Replies: 24
Views: 1778

Re: Should I do a cash out refinance?

Refinance would be 4.75% on 150k. That is a terrible rate if that is your primary residence, I am seeing places like Penfed with rates in the mid 3% range. https://www.penfed.org/mortgage-center/mortgages/30-year-fixed-conforming-mortgage What are the closing costs? You really need to shop around. ...
by Grt2bOutdoors
Wed Nov 13, 2019 5:46 pm
Forum: Investing - Theory, News & General
Topic: Help me understand Owl Rock's 7% return
Replies: 16
Views: 1576

Re: Help me understand Owl Rock's 7% return

Today a client of mine started chatting about a recent investment he made in Owl Rock. He said it returns 7 - 8%. Out of curiosity, I looked it up and can't quite decipher the facts. I do see a possible 5% sales load and get the concept that they lend money to businesses. Can anyone help explain an...
by Grt2bOutdoors
Tue Nov 12, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I do a cash out refinance?
Replies: 24
Views: 1778

Re: Should I do a cash out refinance?

I'd probably do it. Rates are low. How old are you and what are your long-term plans with your rentals? Acquire more? Sell them when you retire? Keep them forever? My plan is to keep forever. I have 10 units. I'd acquire more but there's not much cash flowing now. Do it. Even if you initially break...
by Grt2bOutdoors
Tue Nov 12, 2019 4:52 pm
Forum: Personal Investments
Topic: Speculating - Chesapeake Energy (CHK)
Replies: 21
Views: 1084

Re: Speculating - Chesapeake Energy (CHK)

If they no longer have the cash to drill (due to debt service obligations), their production will decline and their revenue/earnings/cash flow along with it. Shale and tight decline around 20% per year without drilling. A downward spiral to bankruptcy. As someone said, you are essentially betting o...
by Grt2bOutdoors
Tue Nov 12, 2019 4:39 pm
Forum: Personal Investments
Topic: inheritance
Replies: 25
Views: 3172

Re: inheritance

delamer wrote:
Tue Nov 12, 2019 4:31 pm

Having money has never equated to having control/power in my marriage.

It’s unfortunate if that is the case in some marriages.
+1. In any event, the OP should be taking advice on structuring from a qualified estate/trust attorney.
by Grt2bOutdoors
Mon Nov 11, 2019 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Cleaning my (Financial) House
Replies: 8
Views: 1105

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: 7
Views: 559

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: 174
Views: 11633

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: 49
Views: 6987

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: 10
Views: 634

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: 1577

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: 1577

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: 1591

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: 192
Views: 14861

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: 192
Views: 14861

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: 192
Views: 14861

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: 667

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: 2297

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: 2297

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: 2297

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: 6680

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: 192
Views: 14861

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: 21
Views: 2796

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: 6680

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: 6680

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 ...