Search found 17853 matches

by Grt2bOutdoors
Mon May 21, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 25
Views: 1955

Re: Chase Savings Account emptied out!

Automated Clearing House transactions have two financial institutions- sender and receiving bank. You make claim with Chase, Chase will make claim with receiving bank, receiving bank will attempt to recover funds from recipients. Depending on amounts involved, legal authorities may be brought in. Re...
by Grt2bOutdoors
Mon May 21, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 219
Views: 43667

Re: "Why 97% of People Don't Use 529 College Savings Plans."

Here's one idea - use an UTMA. Tell kid, money is for college from an age of understanding. Parents raiding an UTMA for less than ethical uses can be sued.

Another idea - for those with a wondering eye, the courts may enforce a requirement that you pay for college, period! And they can collect!
by Grt2bOutdoors
Mon May 21, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Missing Cost Basis
Replies: 5
Views: 307

Re: Missing Cost Basis

Log onto Computershare. Click on your account, select Transaction History. It goes back to at least the late 90's. You can then select the details of each transaction, quarter by quarter or month by month. Have fun tabulating the cost basis. Alternatively, contact Exxon Mobil Investor Relations - no...
by Grt2bOutdoors
Mon May 21, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Pimco INCOME BOND FUND PONAX beating VWIAX Wellesley ~~ too good to be true?
Replies: 23
Views: 1030

Re: Pimco PONAX beating VWIAX Wellesley ~~ too good to be true?

Speak english - what is PONAX? Pimco what? the corporate entity? You need to spell out the names of the funds, most folks are not going to bother looking it up.
by Grt2bOutdoors
Mon May 21, 2018 10:58 am
Forum: Local Chapters and Bogleheads Community
Topic: How did you fall in love with investing?
Replies: 46
Views: 2257

Re: How did you fall in love with investing?

You can either have someone dictate your course or you can set your own course. Which do you prefer?
Investing is just one lever in the tool box enabling one to reach their destination on their own schedule.
by Grt2bOutdoors
Mon May 21, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 158
Views: 12964

Re: What big item (>20k) are you saving up for?

College, car, retirement.
by Grt2bOutdoors
Mon May 21, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Frontloading 401k Mistake
Replies: 15
Views: 1176

Re: Frontloading 401k Mistake

Does your employer offer a "true-up" at the end of year? In other words, even though you front-loaded the plan, the employer will "true-up" the match so that you are made whole at the end of the year, you won't miss out on the match. Inquire with your employer/plan administrator if they offer this i...
by Grt2bOutdoors
Mon May 21, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Wow! Just discovered "Portfolio Visualizer".
Replies: 6
Views: 2189

Re: Wow! Just discovered "Portfolio Visualizer".

OP makes two points: 1. That Portfolio Visualizer is wonderful tool. 2. That Total International has lagged Total Stock in the recent past. I agree on both points. Nevertheless, I am keeping my three fund portfolio. There are numerous lengthy threads here on BH that make the case for international....
by Grt2bOutdoors
Mon May 21, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: need advice on books for teenagers
Replies: 7
Views: 582

Re: need advice on books for teenagers

You can't run a business successfully unless you have a true understanding of how to "bank", start here: https://www.fdic.gov/consumers/consumer/moneysmart/young.html It's age specific, but if you can't master the basics, you will be unfortunately subject to being "taken". and then, for the entrepre...
by Grt2bOutdoors
Mon May 21, 2018 7:50 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 64
Views: 2560

Re: Road trip Newark NJ to Albany

Lots of good suggestions which are worth repeating and confirming. October would be my most favorite month to do this. If you have the time to drive up on Rt. 9 on the east side of the Hudson River and make many stops (with some layovers), you’d be traveling in an area rich in attractions. It seems...
by Grt2bOutdoors
Mon May 21, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 60
Views: 5479

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

Thank you all again for the advice. I see so many consistent ideas. I will pour over this over the next few months and read the recommended books. I'll answer some of the specific questions ASAP. Busy day today! One of my first tasks is to get an accurate idea of how much I really NEED to spend eac...
by Grt2bOutdoors
Mon May 21, 2018 6:29 am
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 53
Views: 5447

Re: $1,700,000 from family trust...

With regard to investing and gut feelings about corrections, it is impossible to “time the market” and that is antithetical to the Bogleheads approach. Do some research, decide what asset allocation you are comfortable having, and invest accordingly. https://www.bogleheads.org/wiki/Bogleheads®_inve...
by Grt2bOutdoors
Sun May 20, 2018 7:59 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 219
Views: 43667

Re: "Why 97% of People Don't Use 529 College Savings Plans."

i don't understand why 529 threads always end up being so long. if you can max out your 401k, that alone puts you in the top 90th percentile of americans. add in maxing the IRA, probably bumps your into 95th percentile. add in maxing a HSA (stealth IRA) and yep, you're 97th percentile now. so if yo...
by Grt2bOutdoors
Sun May 20, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire? Input and advice is welcome!
Replies: 20
Views: 2190

Re: Can I retire? Input and advice is welcome!

Work 6 more years, then you only need to self-fund for 6 years before the start of pension. You'll be in alot better shape because you'll be saving for 6 more years, your pension will continue to grow while you remain employed, you will only need to self fund for 6 years, you will have a bigger buff...
by Grt2bOutdoors
Sun May 20, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 53
Views: 5447

Re: $1,700,000 from family trust...

Gill wrote:
Sun May 20, 2018 8:02 am
Two comments about the advice above:

OP inherited this money. Why is a joint account suggested by welderwannabe? Also, why the comment by CurlyDave about 60 days to do something?

Gill
Good question!
by Grt2bOutdoors
Sun May 20, 2018 7:02 am
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 53
Views: 5447

Re: $1,700,000 from family trust...

Read the wiki on Windfalls. Tell no one about your sudden good fortune- nothing brings the flies out faster than the thought of free money. I repeat, keep your mouth shut!! Don’t go out and start buying new anything - that includes investments. If you put your money in a bank, don’t allow them to “i...
by Grt2bOutdoors
Sat May 19, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Plan - NJ Resident
Replies: 14
Views: 908

Re: 529 Plan - NJ Resident

Yes, but rarely does money in a 529 plan double in 7 years, that is close to 10-11% returns. I’ve been a 529 plan for 8 years, haven’t seen that kind of return though I didn’t lump in $70k either, added what I could when I could.
by Grt2bOutdoors
Sat May 19, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing 28 yo, advice on mutual funds
Replies: 6
Views: 546

Re: New to investing 28 yo, advice on mutual funds

Target date funds for tax deferred accounts maybe, they are subject to tinkering. Other funds to consider in a tax deferred account; broad based stock mutual fund like Total Stock Market Index. In a taxable account, one to three funds is all you need - broad based stock indexes, one bond fund. The m...
by Grt2bOutdoors
Sat May 19, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 4856

Re: Finance a $28,000 house for Brother?

Don’t do it unless you can either pay cash or are willing to write the whole thing off and pay for it overtime or ruin your own credit.
by Grt2bOutdoors
Sat May 19, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 219
Views: 43667

Re: "Why 97% of People Don't Use 529 College Savings Plans."

i don't understand why 529 threads always end up being so long. if you can max out your 401k, that alone puts you in the top 90th percentile of americans. add in maxing the IRA, probably bumps your into 95th percentile. add in maxing a HSA (stealth IRA) and yep, you're 97th percentile now. so if yo...
by Grt2bOutdoors
Sat May 19, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 64
Views: 2560

Re: Road trip Newark NJ to Albany

🤪 I lived 10 minutes from Newark airport for 30+ years. I recently moved out of state. You couldn’t get me to go back to Newark with a shotgun. I have a son attending school in Saratoga Springs New York. That’s a lovely town. Not even for Portugese food in the Ironbound? I lived in Newark for four ...
by Grt2bOutdoors
Sat May 19, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 95
Views: 6481

Re: Helping Adult Children (but not too much)

Pay for first 6 months car insurance, giving daughter 6 months to save up the money for car insurance going forward (just so she knows car insurance subsidy ends after x date - no surprises). If you have the means give her “starter” money, if you wish.
by Grt2bOutdoors
Sat May 19, 2018 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Push child to avoid expensive college?
Replies: 210
Views: 19624

Re: Push child to avoid expensive college?

^^ Old thread. A440 - take a look at NYC and LI education professionals, CBA are public.
by Grt2bOutdoors
Fri May 18, 2018 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Long term investment in grains/wheat
Replies: 22
Views: 1282

Re: Long term investment in grains/wheat

Stock in Archer Daniels, The Andersons, or Cargill? Cargill is privately owned. ADM makes most of its revenues from oil seed processing, corn refining, ethanol, commodity trading and flavors. The Andersons? Think they are geared to corn? How about Deere? You can’t plant crops without machinery.
by Grt2bOutdoors
Fri May 18, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: New to Bogleheading...young family looking for advice and open to all feedback
Replies: 17
Views: 1058

Re: New to Bogleheading...young family looking for advice and open to all feedback

That car loan is outrageous - either knock off the rate by a percentage or two or pay it off.

You should max out your 401 k, if your employer offers one.
by Grt2bOutdoors
Fri May 18, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 100
Views: 5620

Re: Dave Ramsey it or keep low interest debt

Do people actually take DR seriously? 🙄 I think many people here think DR is great for helping people get out of monstrous debt. Maybe one of the best. But I think most would not have great things to say for DR's investment advice. What you mean you haven’t spoken to a SmartVestor pro who has the “...
by Grt2bOutdoors
Fri May 18, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 100
Views: 5620

Re: Dave Ramsey it or keep low interest debt

Do people actually take DR seriously? 🙄 Yes, listen to his show, his opening line: “where cash is king, debt is dumb, the paid off home mortgage has taken the place of the BMW as the status symbol of choice”. He has a segment on show where individuals proclaim they’ve paid off X amount of debt in Y...
by Grt2bOutdoors
Fri May 18, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 100
Views: 5620

Re: Dave Ramsey it or keep low interest debt

Look at it this way... if you had both car loans paid for ($58k), would you go BORROW $58k just to invest it? Even worse, would you go borrow $58k just to finance another vehicle? The question isn't about financing another vehicle, but paying off a loan vs. investing. I'm not the OP, but at 1.24% w...
by Grt2bOutdoors
Fri May 18, 2018 8:22 pm
Forum: Personal Consumer Issues
Topic: Nephew graduating high school & joining military. Gift Ideas?
Replies: 29
Views: 1497

Re: Nephew graduating high school & joining military. Gift Ideas?

Cold hard cash$$. Give what you can afford - $50? $100.
by Grt2bOutdoors
Fri May 18, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 100
Views: 5620

Re: Dave Ramsey it or keep low interest debt

Millionaires are made by paying off debt? Yes and no. Look at the audience he is targeting, folks who don’t have a budget or discipline, when money touches their hands it goes through them like a sieve. Yes, those folks ought to pay off their debts, otherwise they won’t be able to save a dime since ...
by Grt2bOutdoors
Fri May 18, 2018 1:43 pm
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 64
Views: 2560

Re: Road trip Newark NJ to Albany

It can be very grand and unforgettable around Newark airport. Everyone should see it once to experience it. It really is one of the 7+ wonders of the world. It's actually quite thrilling and breathtaking. Don't miss it if you have never seen it. So many lanes and signs and an amazing landscape of m...
by Grt2bOutdoors
Fri May 18, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: Possibility of EE bond rates changing?
Replies: 8
Views: 709

Re: Possibility of EE bond rates changing?

The 20 year doubling rule has been in effect since May 2005. Fixed rate for EE Bonds issued in the six months after date: May 1, 2018 0.10% November 1, 2017 0.10% May 1, 2017 0.10% November 1, 2016 0.10% May 1, 2016 0.10% November 1, 2015 0.10% May 1, 2015 0.30% November 1, 2014 0.10% May 1, 2014 0...
by Grt2bOutdoors
Fri May 18, 2018 11:54 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 64
Views: 2560

Re: Road trip Newark NJ to Albany

But if your goal is to get to Albany, probably easier to fly into Newark and take the Garden State Parkway north than to deal with LaGuardia and NYC traffic. If you aren't in a rush to get to Albany, I always found route 9 (east side of the Hudson River) was a nice scenic drive, esp. the parts that...
by Grt2bOutdoors
Fri May 18, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 64
Views: 2560

Re: Road trip Newark NJ to Albany

It can be very grand and unforgettable around Newark airport. Everyone should see it once to experience it. It really is one of the 7+ wonders of the world. It's actually quite thrilling and breathtaking. Don't miss it if you have never seen it. So many lanes and signs and an amazing landscape of m...
by Grt2bOutdoors
Fri May 18, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 64
Views: 2560

Re: Road trip Newark NJ to Albany

But if your goal is to get to Albany, probably easier to fly into Newark and take the Garden State Parkway north than to deal with LaGuardia and NYC traffic. If you aren't in a rush to get to Albany, I always found route 9 (east side of the Hudson River) was a nice scenic drive, esp. the parts that...
by Grt2bOutdoors
Thu May 17, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: where to put $1000 each for two kids (both worked this year and earned that much)
Replies: 7
Views: 618

Re: where to put $1000 each for two kids (both worked this year and earned that much)

First starting out, put it in a savings account or in a cd. Investing comes after saving and if the account were to lose money, no good deed goes unpunished- remember that!!
by Grt2bOutdoors
Thu May 17, 2018 8:40 am
Forum: Investing - Help with Personal Investments
Topic: Urgent: escrow situation in bay area
Replies: 50
Views: 2748

Re: Urgent: escrow situation in bay area

You are panicking and getting cold feet. I would not walk now, there is nothing wrong with the home. Losing $36k is huge - you will be down 4% with the swipe of a pen. Why are you relying on a bunch of strangers to help you decide? Shouldn’t you have made this inquiry before you signed contract, obt...
by Grt2bOutdoors
Thu May 17, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 4515

Re: somebody is using our address

Notify your local Post Master, who should notify your local Postal Inspectors. The post office has its own law enforcement division to investigate precisely this sort of thing. +1. Exactly. Postal fraud is serious business, people go to jail for those kind of offenses. Look up Postmaster General.
by Grt2bOutdoors
Thu May 17, 2018 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Buying I bonds - what is the purpose of Registration on TD website
Replies: 12
Views: 1345

Re: Buying I bonds - what is the purpose of Registration on TD website

The reason for buying them is for a shot at a higher rate of return for a relatively liquid (after 1 year) high quality security that is currently beating savings account rates. The interest is tax free on a state and local level, you will owe federal tax when you redeem them. You can hold them as s...
by Grt2bOutdoors
Thu May 17, 2018 6:09 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 401
Views: 18152

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Another thing that people neglect is that standard deduction and tax brackets are indexed to COLA, so when they have portfolios of $10 million, the standard deduction will be $500,000 or so. What?? If someone today had a portfolio of $10 million how do you figure the standard deduction is 5%? Marri...
by Grt2bOutdoors
Wed May 16, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying I bonds - what is the purpose of Registration on TD website
Replies: 12
Views: 1345

Re: Buying I bonds - what is the purpose of Registration on TD website

I've been reading several posts on the pros and cons of buying I bonds...seems like most of the cons is associated with Treasury Direct's customer service and website itself and not necessarily disadvantages of holding I bonds. So we're thinking about moving ahead to purchase I bonds, $10,000 each ...
by Grt2bOutdoors
Wed May 16, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do to lower our oversized emergency fund?
Replies: 35
Views: 3256

Re: What would you do to lower our oversized emergency fund?

Actuarial Funded ratios is 96.7%. https://www.nystrs.org/About-Us/Press-Room/NYSTRS-by-the-Numbers NYSTRS is known to be, even among the NYS system, a very well run pension system. NYS pension is (state) constitutionally protected, and we just last year voted down a once-in-20yr possibility of a co...
by Grt2bOutdoors
Wed May 16, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Multiples credit pulls on a mortgage app
Replies: 9
Views: 655

Re: Multiples credit pulls on a mortgage app

Fire the banker!

But first, ask banker to tell credit agencies the second pull was in error.
by Grt2bOutdoors
Wed May 16, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Morgan growth fund
Replies: 14
Views: 744

Re: Vanguard Morgan growth fund

What is the performance of Tax Managed Small Cap vs. Morgan Growth Fund?
by Grt2bOutdoors
Wed May 16, 2018 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 4824

Re: Large Personal Injury Settlement

Go slower. Reading your replies, you are going too fast. I would stop meeting with the advisor. Do nothing but read and learn for 6 months. Really. As you spend more time here a plan will form. Involving advisors is not in your long term best interest. Even if low fee, they will take control. $3 mi...
by Grt2bOutdoors
Wed May 16, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: How much should I save before I start investing? and more
Replies: 12
Views: 1645

Re: How much should I save before I start investing? and more

Hi guys! First of all, I want to clear out that I am still at university- studying and working at the same time. I have been financially independent for some time now. As my graduation approaches, I started thinking about ways I can be smart with my finances. I am new to the forum and the investmen...
by Grt2bOutdoors
Wed May 16, 2018 8:51 am
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4264

Re: New motorcycle rider

As an experienced rider who has logged 65,000 miles, I advise you to forget it. It is incredibly dangerous out there today due to distracted drivers, and motorcyclists are extremely vulnerable. I got hit by a deer going 65 mph and suffered some serious injuries, and I was wearing all the safety gea...
by Grt2bOutdoors
Wed May 16, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Large Personal Injury Settlement
Replies: 58
Views: 4824

Re: Large Personal Injury Settlement

Sage advise here. Slow and steady wins the race. Compounding is on your side at your young age. Is the .125% advisory cover everything or are expense ratios and trading fees on top of the .125%. That is a crazy low number. If it sounds to good to be true..................... The fee is excluding th...
by Grt2bOutdoors
Wed May 16, 2018 6:33 am
Forum: Investing - Help with Personal Investments
Topic: Fellow non-529ers
Replies: 43
Views: 2837

Re: Fellow non-529ers

The main problem I see with what the OP is doing: They are sequestering money away for college for their children as both a separate investing and separately mentally. If they are not going to use a 529 plan, then they should just have one portfolio asset allocation invested tax-efficiently. That w...
by Grt2bOutdoors
Wed May 16, 2018 6:25 am
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 7520

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

...A highly respected friend of mine is an expert in macroeconomics, and warned me to stay away from stocks... One of the most amazing things I have noticed, is that DW and I are better off than most of the other people in our little rural community. Maybe this is because many years ago we adopted ...