Search found 18266 matches

by Grt2bOutdoors
Mon Jul 16, 2018 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Value of Arizona State Retirement System
Replies: 11
Views: 861

Re: Value of Arizona State Retirement System

Yes, you are crazy if you leave before 50. Is the pension COLA’d? Try replicating it in annuity market, you will need a freighter full of cash to do so. The value of pension is deferred compensation and it’s guaranteed.
by Grt2bOutdoors
Sun Jul 15, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 59
Views: 2680

Re: Anyone not have a Budget?

No budget, paid ourselves first, we allocated what was necessary to pay known expenses, anything left over was mostly saved.
by Grt2bOutdoors
Sun Jul 15, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: What to sell for Mom's RMD
Replies: 15
Views: 1003

Re: What to sell for Mom's RMD

Get rid of Source Capital - its a private equity firm holding illiquid investments. I'd get rid of it all.
by Grt2bOutdoors
Sun Jul 15, 2018 4:53 pm
Forum: Personal Consumer Issues
Topic: How much furniture spending is ok?
Replies: 31
Views: 1693

Re: How much furniture spending is ok?

Kitchen table
Kitchen chairs
Bed
Furniture that accompanies bed
Sofa
Sitting chairs
Maybe a desk if required, work from home, etc.

Then stop spending money on furniture. And stop comparing the Joneses with yourself. Do you know what their personal finance situation is?
by Grt2bOutdoors
Sun Jul 15, 2018 4:26 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9141

Re: When does frugal cross the line to cheapskate?

MikeWillRetire wrote:
Sun Jul 15, 2018 4:21 pm
When you use duct tape to extend the life of your paper lunch bag. I worked with a guy who actually did this.
How about a co-worker who offers tea and then proceeds to reuse a "used" tea bag? :oops:
by Grt2bOutdoors
Sun Jul 15, 2018 4:25 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9141

Re: When does frugal cross the line to cheapskate?

munemaker wrote:
Sun Jul 15, 2018 4:19 pm
Bogleheads in general seem to have a disdain for spending money on wedding celebrations. We were the exceptions for that, for ourselves and our kids.
We spent, but in a "frugal" manner. You don't have to be extravagant to treat your guests with hospitality.
by Grt2bOutdoors
Sun Jul 15, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: College savings plans - Roth vs. 529
Replies: 27
Views: 1971

Re: College savings plans - Roth vs. 529

Here is a plan that I am kicking around. I will open a home equity line of credit (HELOC). I will pay for my child's education via the HELOC. When they graduate I will then withdraw contributed fund from my ROTH to pay off the HELOC. When are you planning to do this? I only offer this - in 2009, fo...
by Grt2bOutdoors
Sun Jul 15, 2018 3:57 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9141

Re: When does frugal cross the line to cheapskate?

Before I met my husband I had a few dates with a guy I thought I was starting to like. He had a good job, he was tall, dark and handsome and had a good personality. He did not tip at ANY of the restaurants we visited and I was shocked and ended up leaving the tips myself. Against my better judgemen...
by Grt2bOutdoors
Sun Jul 15, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: Seeking advice about "defective" computer
Replies: 16
Views: 858

Re: Seeking advice about "defective" computer

Hmm....this seems to be an ongoing issue with Dell. I too, purchased a brand new Dell computer a few months ago, then about a month later, they sent me one of those "automatic updates" to Dell software, well, lo and behold the automatic update to BIOS completely fried the motherboard. Only after spe...
by Grt2bOutdoors
Sun Jul 15, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9141

Re: When does frugal cross the line to cheapskate?

Before I met my husband I had a few dates with a guy I thought I was starting to like. He had a good job, he was tall, dark and handsome and had a good personality. He did not tip at ANY of the restaurants we visited and I was shocked and ended up leaving the tips myself. Against my better judgemen...
by Grt2bOutdoors
Sun Jul 15, 2018 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning
Replies: 13
Views: 1517

Re: Retirement Planning

Just my personal feeling towards SS. I hope its there when i need it. Lord knows I paid a bunch of $$ into it. Would have like to be given the option when i started working to not put money into it at all. I feel i could have better invested it myself. Feeling you could have invested it better? - p...
by Grt2bOutdoors
Sun Jul 15, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: How often do you buy a primary residence?
Replies: 41
Views: 2854

Re: How often do you buy a primary residence?

We have only bought one house and we still live in it. I do know people who switch homes every few years in the same ZIP code. These are folks who are either realtors or home builders or interior decorators. Our home value has not kept up with inflation in the 24 years we have owned it. We have cer...
by Grt2bOutdoors
Sat Jul 14, 2018 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning
Replies: 13
Views: 1517

Re: Retirement Planning

Thanks delamer and ExitstateLeft (ruch fan i assume). If SS is still there which I seriously doubt. Been paying into it since 1996. Probably have a pretty good amount paid in by now. You seriously doubt it because you’ve read the official Trustees report, you fully understand how Social Security wo...
by Grt2bOutdoors
Sat Jul 14, 2018 6:26 pm
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 88
Views: 9713

Re: Saving 20% of paycheck isn't enough

Just Ignore it. Most people are laid off before 50 if not earlier and never get back to good jobs. Plan accordingly. Ladies and Gentlemen, Good Morning. After having been in deep thought last night after reviewing my finances, doing a couple math of checks and determining what percent of my paychec...
by Grt2bOutdoors
Sat Jul 14, 2018 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 6429

Re: Dave Ramsey made me laugh today

Dave Ramsey has real life experience with debt in the real estate business. The President was into the banks for enough that he owned the banks. Dave was like most of us and the banks owned him and put him out of business. When he talks about debt, he talks from experience and from the heart. Moral...
by Grt2bOutdoors
Sat Jul 14, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 6429

Re: Dave Ramsey made me laugh today

I’m really surprised with the amount of bogleheads that actually take him seriously. This guys a joke guys. The only good advice he gives is live below your means, don’t spend money you don’t got etc etc but to me this is common sense. This is age old wisdom, not something he made up. He’s too pomp...
by Grt2bOutdoors
Sat Jul 14, 2018 3:53 am
Forum: Personal Finance (Not Investing)
Topic: Deciding how much to spend on home remodeling
Replies: 22
Views: 1834

Re: Deciding how much to spend on home remodeling

I'd visit other homes in the neighborhood during opens houses and get a feel for price and condition of homes in your area. Meet with a real estate agent to find out what your home will sell for after doing all the changes you plan on doing. I always look for what the market is willing to bear in m...
by Grt2bOutdoors
Sat Jul 14, 2018 3:47 am
Forum: Personal Finance (Not Investing)
Topic: Deciding how much to spend on home remodeling
Replies: 22
Views: 1834

Re: Deciding how much to spend on home remodeling

Yeah, there is not a lot of information to go on here. $120k to do both a full kitchen and add a bath on a 500k house... sounds cheap to me, frankly. But it depends on where you are located, how big the house is, what local construction costs are. Where I live 500k will barely buy a 1600sq ft colon...
by Grt2bOutdoors
Sat Jul 14, 2018 1:40 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation in Taxable
Replies: 8
Views: 837

Re: Asset Allocation in Taxable

OP - I have a very similar AA by account type and am also 90/10 in taxable. You can certainly hold more there if you want, but the market downturn argument doesn't really make sense. You can always reallocate to stocks in your 401k if needed. +1 if you need to sell from taxable during a downturn, y...
by Grt2bOutdoors
Fri Jul 13, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9141

Re: When does frugal cross the line to cheapskate?

I heard this somewhere recently: "If you go to a restaurant and don't leave a tip, that's cheap. If you skip the restaurant and make a meal at home, that's frugal." Edit: So what is the community's take on famous early-retirement bloggers, like Mr Money Mustache? Frugal or cheap? Mr. Money Mustache...
by Grt2bOutdoors
Fri Jul 13, 2018 5:08 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9141

Re: When does frugal cross the line to cheapskate?

My ex-MIL would order water at a restaurant with ice and extra lemon, then she would squeeze the lemons into the water and add sugar from the sugar packets on the table (or ask for sugar) and make what I would refer to as "cheapskate lemonade." I think that crosses the line to cheap and it always e...
by Grt2bOutdoors
Fri Jul 13, 2018 5:05 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9141

Re: When does frugal cross the line to cheapskate?

stoptothink wrote:
Fri Jul 13, 2018 12:53 pm
BradJ wrote:
Fri Jul 13, 2018 12:46 pm
barnaclebob wrote:
Fri Jul 13, 2018 12:38 pm
You become a cheapskate when you shift the burden of your frugality onto others.
This should be the official definition.
+2. Said much better and more concise than my attempt.
+3
by Grt2bOutdoors
Fri Jul 13, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 9979

Re: COMING SOON: BOGLEHEADS PODCASTS

Boglehead Bang$
“Get more bang for your money”

Banging Bogleheads Investing Podcast
“Bang those expenses out” :greedy
by Grt2bOutdoors
Fri Jul 13, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: One Fund During Retirement?
Replies: 10
Views: 775

Re: One Fund During Retirement?

I know the Boglehead tendency is to not go with actively managed funds and not to choose a fund based on past performance. I can't help but notice the impressive returns since its inception in 1970, which I'm sure included some manager changes and market fluctuations. I suppose I could have a two-f...
by Grt2bOutdoors
Fri Jul 13, 2018 9:53 am
Forum: Personal Finance (Not Investing)
Topic: College savings plans - Roth vs. 529
Replies: 27
Views: 1971

Re: College savings plans - Roth vs. 529

In a divorce settlement, the judge could decree you are both liable for college costs - 529 plan or not. The judge probably will not decree retirement assets be used (Roth,401k) to pay for it. I think judge's orders vary by state. In some states, the judge can only order a spouse to cover up to the...
by Grt2bOutdoors
Fri Jul 13, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: One Fund During Retirement?
Replies: 10
Views: 775

Re: One Fund During Retirement?

Good morning! I am still a few years away from retiring (15-17 years) so right now I am in the growth and accumulate phase. I'm wondering if there is one fund I can switch to once I am in retirement? Specifically, the Vanguard Wellesley Income fund. I am hopeful to have about $600,000 portfolio by ...
by Grt2bOutdoors
Fri Jul 13, 2018 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?
Replies: 24
Views: 3740

Re: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?

All of the above as noted. Being a landlord is not all that it’s cracked up to be. Sometimes you have to run your rental as a charity, most times I wouldn’t. Having a good tenant is worth it’s weight in gold, you can keep raising the rent until you get the deadbeats who abuse your property leaving y...
by Grt2bOutdoors
Thu Jul 12, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9141

Re: When does frugal cross the line to cheapskate?

Cheapskate can be a freeloader or a miser.
by Grt2bOutdoors
Thu Jul 12, 2018 4:34 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 9979

Re: COMING SOON: BOGLEHEADS PODCASTS

mlebuf wrote:
Thu Jul 12, 2018 4:30 pm
"Boglehead Bytes," "Bogleheads Speak" or simply "Bogleheads on Investing." I believe it's important to keep Bogleheads in the title.
Sorry didn’t see your take on “bite”.
by Grt2bOutdoors
Thu Jul 12, 2018 4:33 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 9979

Re: COMING SOON: BOGLEHEADS PODCASTS

Let’s shoot for brevity. Titles such as “The Bogleheads Podcast for Better Investment Returns” are too long. Three words or less would be ideal. Bogleheads Bite Back or Bogleheads Bite The title is a play on biting those who spread misconceptions about investments and personal finance to further th...
by Grt2bOutdoors
Thu Jul 12, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Five years to retirement (article)
Replies: 12
Views: 1835

Re: Five years to retirement (article)

The comments section on nytimes.com is more enlightening. +1. Agreed. The comments were enlightening as to the mindset of readers. I am not sure they are totally representative but they seemed more fixated on the $140k salary and $1.5M 401k balance than the principles that apply to people at differ...
by Grt2bOutdoors
Thu Jul 12, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 9979

Re: COMING SOON: BOGLEHEADS PODCASTS

Rick Ferri wrote:
Thu Jul 12, 2018 12:05 pm
What do you think about calling the podcast “Bogle’s Folly”

Comments?
Now Rick, the rules were the name must include the word "Bogleheads" in it. Seeing you're the host, I guess we could make an exception. Right Mel? :wink:
by Grt2bOutdoors
Thu Jul 12, 2018 12:01 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 341
Views: 9979

Re: COMING SOON: BOGLEHEADS PODCASTS

Bogleheads Wisdom

Investing with the Bogleheads
by Grt2bOutdoors
Thu Jul 12, 2018 7:49 am
Forum: Investing - Theory, News & General
Topic: College Costs - Debt staying steady, Parents picking up the rest of tab
Replies: 4
Views: 561

College Costs - Debt staying steady, Parents picking up the rest of tab

https://www.nytimes.com/2018/07/11/your-money/student-loan-debt-parents.html?rref=collection%2Fsectioncollection%2Fyour-money&action=click&contentCollection=your-money®ion=stream&module=stream_unit&version=latest&contentPlacement=1&pgtype=sectionfront The latest out on the cost of college - costs...
by Grt2bOutdoors
Thu Jul 12, 2018 6:11 am
Forum: Investing - Help with Personal Investments
Topic: What to invest 401k in?
Replies: 13
Views: 701

Re: What to invest 401k in?

Tax deferred accounts are very valuable space. I would not be “playing” with retirement monies. The time for playing is at retirement or after work, not while saving for it. Saving for retirement is serious business. If you must play, no more than 5% of it.
by Grt2bOutdoors
Wed Jul 11, 2018 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend stocks vs. dividend ETFs
Replies: 9
Views: 640

Re: Dividend stocks vs. dividend ETFs

My wife and I just retired (63/64) and we have about $250,000 to invest in dividend stocks. What are people's thoughts about investing in individual dividend stocks vs. dividend ETFs? I am considering buying Vanguard VIG and VYM ETFs but the yields are only about 2% and 3% respectively. I could pro...
by Grt2bOutdoors
Wed Jul 11, 2018 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: ADP 401K Funds Recommendations
Replies: 8
Views: 356

Re: ADP 401K Funds Recommendations

Hello, I am new to this forum. I would like to get some advice on how best to allocate my 401K investing, I've attached a link with available to me ADP funds and expense ratios. I am 31 and contributing 3% of my salary. My company match is 3%. Currently I have just over 12k allocated to State Stree...
by Grt2bOutdoors
Wed Jul 11, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding how much to spend on home remodeling
Replies: 22
Views: 1834

Re: Deciding how much to spend on home remodeling

Architects are not always good at estimating cost, so your $60-120K range could actually be $120-200K when you talk to a builder and select your finishes and fixtures. Especially if you are looking at structural changes like taking out walls or moving the kitchen in an area with high cost and short...
by Grt2bOutdoors
Wed Jul 11, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: What to invest 401k in?
Replies: 13
Views: 701

Re: What to invest 401k in?

Before I had a target date fund that I picked through my work's 401k. It didnt seem to generate that much income. I picked a 4 separate funds which seemed to be doing bettter. They are: US Bonds Index C: 10% RERGX: AF EUROPAC GROWTH R6: 20% VIIX: VANG INST INDEX PLUS: 30% VMCPX: VANG MD CP IDX IS P...
by Grt2bOutdoors
Wed Jul 11, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding how much to spend on home remodeling
Replies: 22
Views: 1834

Re: Deciding how much to spend on home remodeling

Architects are not always good at estimating cost, so your $60-120K range could actually be $120-200K when you talk to a builder and select your finishes and fixtures. Especially if you are looking at structural changes like taking out walls or moving the kitchen in an area with high cost and short...
by Grt2bOutdoors
Wed Jul 11, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: Living above means until March 1st
Replies: 16
Views: 2012

Re: Living above means until March 1st

That is what your emergency fund is for. Do you have one?
by Grt2bOutdoors
Wed Jul 11, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: College savings plans - Roth vs. 529
Replies: 27
Views: 1971

Re: College savings plans - Roth vs. 529

In a divorce settlement, the judge could decree you are both liable for college costs - 529 plan or not. The judge probably will not decree retirement assets be used (Roth,401k) to pay for it.
by Grt2bOutdoors
Wed Jul 11, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Five years to retirement (article)
Replies: 12
Views: 1835

Re: Five years to retirement (article)

The comments section on nytimes.com is more enlightening.
by Grt2bOutdoors
Wed Jul 11, 2018 5:51 am
Forum: Investing - Help with Personal Investments
Topic: Financial Planner meeting
Replies: 17
Views: 1862

Re: Financial Planner meeting

You did not win a prize - YOU are the prize. Remember this - there is no free anything in life, you pay one way or the other. It’s like the black widow spider who says “step into my parlor”, you were just stopping by to “pick up your Foreigner cd”. Years ago banks would offer “free coffee and cookie...
by Grt2bOutdoors
Tue Jul 10, 2018 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: 28/F looking for some financial advice
Replies: 16
Views: 1452

Re: 28/F looking for some financial advice

People more knowledgeable will chime in, I'm sure. But to answer your questions: 1. I would not hold on to company stocks. I'd sell it. If you're that confident in your company, maybe keep a small portion of it and sell the rest. You're also holding a lot of individual stocks which is a big no-no h...
by Grt2bOutdoors
Tue Jul 10, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: First Post Investing Help
Replies: 5
Views: 226

Re: First Post Investing Help

Just say no to any variable annuity! The costs are too high. The agent is keen to sell you the annuity because they receive an upfront commission of 8%, did they disclose that to you? What about the lockup period, you put your money in and then if you try to withdraw it, even to do a tax free exchan...
by Grt2bOutdoors
Tue Jul 10, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: Replace water heater at end of warranty or repair?
Replies: 31
Views: 2001

Re: Replace water heater at end of warranty or repair?

TheAccountant wrote:
Tue Jul 10, 2018 4:33 pm
Repair it unless it's rusted out and leaking somewhere.

First flush it to remove sediment. You should be doing this as part of routine house maintenance anyway.
How often should you flush hot water heater? How do you go about flushing it? I last installed my water heater last December.
by Grt2bOutdoors
Tue Jul 10, 2018 4:46 pm
Forum: Personal Consumer Issues
Topic: Replace water heater at end of warranty or repair?
Replies: 31
Views: 2001

Re: Replace water heater at end of warranty or repair?

Beware that Bradford White water heaters are made in such a way that regular checking or replacement of the anode is more difficult/expensive than most other brands (typically attached to the hot water outlet rather than a separate location where maintenance can be done without disrupting the plumb...
by Grt2bOutdoors
Tue Jul 10, 2018 6:24 am
Forum: Investing - Help with Personal Investments
Topic: Target date funds....unsophisticated?
Replies: 64
Views: 4400

Re: Target date funds....unsophisticated?

Sophisticated, sexy, new paradigm - words used by Wall Street and their associates to convince you to part with your hard earned money in exchange for mediocre returns. Now that is “sophisticated”! :twisted:
by Grt2bOutdoors
Tue Jul 10, 2018 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Car totaled by uninsured driver
Replies: 37
Views: 3359

Re: Car totaled by uninsured driver

Good luck collecting from this freeloader, money for cigarettes, no money for car insurance. :oops: