Search found 19149 matches

by Grt2bOutdoors
Sun Dec 09, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: What can I be doing better?
Replies: 12
Views: 801

Re: What can I be doing better?

Are you using your ROTH IRA as a quasi emergency fund? Is that the reason why you have $7K in a money market fund in that account? Before you contemplate selling any fund held in a taxable account, you should calculate what the gains/losses are in each fund. Consolidating funds which involves a sell...
by Grt2bOutdoors
Sun Dec 09, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund for UTMA Accounts
Replies: 10
Views: 337

Re: Mutual Fund for UTMA Accounts

What happens when the adult children inherit a 401k from the parents. Is there a step up basis also in taxed deferred? Or do they pay taxes at their rate or parents rate? You might want to start a new thread on this question. To answer your question, there is no step-up basis with a tax deferred re...
by Grt2bOutdoors
Sun Dec 09, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund for UTMA Accounts
Replies: 10
Views: 337

Re: Mutual Fund for UTMA Accounts

OK, so after reading a bit I get the idea. You want to purge the portfolio of cap gains each year, particularly if they are below the taxable threshold for dependent minors. I guess as a modified version of my original question, would FZROX and FSKAX work as harvest pairs? Also, now that I've looke...
by Grt2bOutdoors
Sun Dec 09, 2018 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Simple Plan for Money Needed in 18 months to 7 Years
Replies: 8
Views: 1017

Re: Simple Plan for Money Needed in 18 months to 7 Years

Don’t waste your time with I bonds. There is a 3 month penalty of the last 3 months interest if redeeming before 5 years is up. Your window is shorter than that.
by Grt2bOutdoors
Sun Dec 09, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18239

Re: Teachers Who Have Net Worth of $1 million +

Well dang, here I thought teachers made diddly squat. Retiring at 49 or 50 with a cool million in various savings vehicles coupled with a 5k/month pension is pretty strong stuff. Remind me again why the public thinks teachers aren't paid well? I'm not knocking anything about their wage or pension, ...
by Grt2bOutdoors
Sat Dec 08, 2018 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Bob Brinker Retirement
Replies: 13
Views: 1789

Re: Bob Brinker Retirement

What is your asset allocation now? Are you comfortable with it?
Now is a great time to read the wiki on how to write your own Investment Policy Statement. See the examples provided in the wiki for ideas on how to craft yours.
by Grt2bOutdoors
Sat Dec 08, 2018 7:15 pm
Forum: Personal Consumer Issues
Topic: Root Canal - dentist or endodontist
Replies: 46
Views: 3292

Re: Root Canal - dentist or endodontist

I had a root canal done almost 15 years ago by an endodontist - never could figure what the traumatic event was. Now, the tooth next to it looks like it is dying. i dont think that i need a bone graft (hopefully). It is so hard to tell who is a good general dentist and does a lot of them and who do...
by Grt2bOutdoors
Sat Dec 08, 2018 7:03 pm
Forum: Investing - Theory, News & General
Topic: International underperformance - how to break it down
Replies: 37
Views: 2698

Re: International underperformance - how to break it down

What underperformance? https://www.portfoliovisualizer.com/fund-performance?s=y&symbol=DEMSX&benchmark=VTSMX&endDate=12%2F07%2F2018 Apples and oranges. Comparing a small cap emerging markets fund to a domestic, mainly large cap fund? Come on now, you've been on the forum long enough to know better....
by Grt2bOutdoors
Sat Dec 08, 2018 7:01 pm
Forum: Investing - Theory, News & General
Topic: International underperformance - how to break it down
Replies: 37
Views: 2698

Re: International underperformance - how to break it down

5. First and foremost. Pick any country, compare it with the U.S. and you'll see some stark differences in the environment, both corporate and national governance. 6. High unemployment, poor demographics, high taxes. I own international, but I really have a hard time seeing the spark that will get t...
by Grt2bOutdoors
Sat Dec 08, 2018 7:49 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

I'm not convinced the retirement system is broken and needs to be reinvented. I agree. The retirement system is not broken. It does not need to be reinvented. I don't see a problem except these unfunded public pensions, which should gradually be replaced by 401k type plans. I guess this is happenin...
by Grt2bOutdoors
Fri Dec 07, 2018 7:19 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

edit: There has to be a better way to provide for the elderly. Especially for those who spent there life making $20/hr or less. burt I agree, and I don’t think it requires a dollar cut-off. We see all sorts of individuals from different occupations struggle with planning for retirement. There are t...
by Grt2bOutdoors
Fri Dec 07, 2018 7:11 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

When running Firecalc I die with somewhere between $2 million and $0 at age 90. There has to be a better way. burt Not recommending it for all of your assets, but you can buy a series of SPIA’s so that you are guaranteed to receive X dollars each month until you leave for your next destination. The...
by Grt2bOutdoors
Fri Dec 07, 2018 6:09 pm
Forum: Investing - Theory, News & General
Topic: J L Collins on Portfolio Size needed for income required
Replies: 7
Views: 1169

Re: J L Collins on Portfolio Size needed for income required

Ridiculous to base your retirement expectations earning a return that is linear. Real life retirement is not like that, this years market returns show you why. You start the year at $1,000,000 - you withdrew $40k, the markets withdrew another $20k. Next year you start at $940k. If you need $40k in w...
by Grt2bOutdoors
Fri Dec 07, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11768

Re: Who else is getting excited? [about the market]

One thing I've noticed a lot on several different investing forums is how many older, retired people who give investing advice online have cushy pensions. I’m older with a pension, but it’s far from cushy (less than $2k per month, no COLA). $2k per month is better than a stick in the eye, but all i...
by Grt2bOutdoors
Fri Dec 07, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Root Canal - dentist or endodontist
Replies: 46
Views: 3292

Re: Root Canal - dentist or endodontist

Endo! My dentist has been in practice for nearly 40 years, sent me to an endo who was chief of dental surgery at a major trauma center. Guy did a great job, worth the money. My dentist did not have a setup like the endo did, specialized equipment. You will still need to see the dentist for the crown...
by Grt2bOutdoors
Fri Dec 07, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: When to consider making extra principal payments on mortgage?
Replies: 24
Views: 2156

Re: When to consider making extra principal payments on mortgage?

529 plan is where i would put it, especially if you have 10+ years to go before withdrawals.
by Grt2bOutdoors
Fri Dec 07, 2018 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Lump Sum in 529 plan
Replies: 10
Views: 789

Re: Lump Sum in 529 plan

After 15k for the year, you'll have to report the rest to the IRS. Note that you won't pay any taxes on that amount above and beyond until you go over about 11 million lifetime exemption, you'll start paying taxes. This likely doesn't affect 99.999999% of the population. But it's still a considerat...
by Grt2bOutdoors
Fri Dec 07, 2018 7:37 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

What does it mean "overpromised" ? Why it is so difficult to account for deferred compensation ? Pensions don't necessarily have to be funded by contributions. If an employer offers a 150k/yr. salary, nobody bats an eye, but if they offer 100k/yr. plus 5k/yr. per year of service starting at age 65,...
by Grt2bOutdoors
Fri Dec 07, 2018 5:37 am
Forum: Investing - Help with Personal Investments
Topic: Question: Jamie Dimon ( JPMorgan ) on Bonds
Replies: 18
Views: 2167

Re: Question: Jamie Dimon ( JPMorgan ) on Bonds

Today ( Dec 6 ), Jamie Dimon, CEO of JPMorgan, was interviewed on CNBC. He opined that the bond market was in a bubble and he would not buy US bonds ( I think he meant treasuries ). What did he mean by that ? And what does it mean for the bond buying boglehead ? I suppose he wants viewers to deposi...
by Grt2bOutdoors
Thu Dec 06, 2018 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Lump Sum in 529 plan
Replies: 10
Views: 789

Re: Lump Sum in 529 plan

Pros - tax free compounding. 19 years of growth. $60k you will not have to save, it was gifted to your son. Probable double in 12 years if you earn 6% nominal. Probably another 50 - 80 percent gain from there to age 19. Con - child does not go to college or vocational tech school. You invest and mar...
by Grt2bOutdoors
Thu Dec 06, 2018 11:25 pm
Forum: Investing - Help with Personal Investments
Topic: 20M Inheritance - What is best option for small/no risk on principal?
Replies: 93
Views: 11254

Re: 20M Inheritance - What is best option for small/no risk on principle?

I believe that the FDIC limit of $250k still applies to CDs: https://www.fdic.gov/deposit/covered/notinsured.html . So you'd need to buy a lot of different CDs to hold and insure your full amount. I agree with above that I'd want at least some stocks. Treasuries would be nice too. That’s the beauty...
by Grt2bOutdoors
Thu Dec 06, 2018 8:32 pm
Forum: Investing - Theory, News & General
Topic: Where did you think we'd be today, ten years ago?
Replies: 38
Views: 2836

Re: Where did you think we'd be today, ten years ago?

Soup lines. I’m not kidding, we came this close from going over the edge. Thankfully saner minds prevailed. If the banks had gone, it’s be game over.
by Grt2bOutdoors
Thu Dec 06, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

Knowing and doing are totally different. People know that they should save money. But, they are not willing to compromise on their current lifestyle in order to save. The typical person does not know that they need a $1 million portfolio to provide $40k of income for 30 years (more or less). They a...
by Grt2bOutdoors
Thu Dec 06, 2018 8:18 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

Knowing and doing are totally different. People know that they should save money. But, they are not willing to compromise on their current lifestyle in order to save. The typical person does not know that they need a $1 million portfolio to provide $40k of income for 30 years (more or less). They a...
by Grt2bOutdoors
Thu Dec 06, 2018 8:14 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

Where does that 15% saving figure comes from ? Certainly, it can be correct independently of one's salary and retirement expenses... Nothing wrong with using a percentage of your earnings, irregardless of salary level, especially for a rule of thumb. Someone making $1M and saving 15% spends the sam...
by Grt2bOutdoors
Thu Dec 06, 2018 8:03 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

Knowing and doing are totally different. People know that they should save money. But, they are not willing to compromise on their current lifestyle in order to save. The typical person does not know that they need a $1 million portfolio to provide $40k of income for 30 years (more or less). They a...
by Grt2bOutdoors
Thu Dec 06, 2018 7:53 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

Knowing and doing are totally different. People know that they should save money. But, they are not willing to compromise on their current lifestyle in order to save. The typical person does not know that they need a $1 million portfolio to provide $40k of income for 30 years (more or less). They a...
by Grt2bOutdoors
Thu Dec 06, 2018 7:51 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

The article is mostly okay, but I strongly disagree that the problem is a shift from income to assets, (and I suspect Merton is plugging his financial services). After all you can convert between assets and income. The real problems with pensions in their current form, and the reason they should re...
by Grt2bOutdoors
Thu Dec 06, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

The issue is the volatility of returns. How can you issue a promise to pay X when you can’t account for sequence of risk? What is the formula for that? Bankruptcy to make good on a promise with unlimited cost? The simple answer is that annuity companies manage to do precisely that, and while making...
by Grt2bOutdoors
Thu Dec 06, 2018 6:10 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11768

Re: Who else is getting excited?

Will do good wrote:
Thu Dec 06, 2018 11:05 am
The Dow closed on Dec. 29, 2017 @ 24,719.22, so how much did most people really lose this year?
So much drama :wink:
Invest your money at 26,500 - you tell us how much we are down.
by Grt2bOutdoors
Thu Dec 06, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 315
Views: 16848

Re: What are others paying for property taxes around the US?

You pay one way or the other. High property taxes but you may have more services or convenience to desirable areas. Low taxes you may have services but you have to drive everywhere to access them or you may have less services or you may be subsidized by commercial rate payers but you may live in a ...
by Grt2bOutdoors
Thu Dec 06, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 315
Views: 16848

Re: What are others paying for property taxes around the US?

We pay $21k on a house Zillow says is worth $2.1mil, ~2200 sqft, in NJ one mile as the crow flies from the Empire State Building. It is over a mile for the crow to fly from 20 W 34th Street to the Hudson River just to see Jersey. He’s either in Hoboken, Weehawkin or Edgewater. My bet is Hoboken and...
by Grt2bOutdoors
Thu Dec 06, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 315
Views: 16848

Re: What are others paying for property taxes around the US?

You pay one way or the other. High property taxes but you may have more services or convenience to desirable areas. Low taxes you may have services but you have to drive everywhere to access them or you may have less services or you may be subsidized by commercial rate payers but you may live in a c...
by Grt2bOutdoors
Thu Dec 06, 2018 4:50 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

What does it mean "overpromised" ? Why it is so difficult to account for deferred compensation ? Pensions don't necessarily have to be funded by contributions. If an employer offers a 150k/yr. salary, nobody bats an eye, but if they offer 100k/yr. plus 5k/yr. per year of service starting at age 65,...
by Grt2bOutdoors
Thu Dec 06, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11801

Re: Why Retirement Is Broken And Needs To Be Reinvented

The real problems with pensions in their current form, and the reason they should really be abolished, is that are massively overpromised and are guaranteed. There's no serious plan to fulfill the overgenerous promises, so it falls on other employees and the general tax base to supply the overpromi...
by Grt2bOutdoors
Thu Dec 06, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should we sell farmland to coal company?
Replies: 33
Views: 1982

Re: Should we sell farmland to coal company?

One other thing, farmland is an uncorrelated asset. It’s value is irrespective of what equity and bond markets are doing. Large institutional investors love farmland, especially if the price is right. The coal company is going to wreck that land if they get their hands on it. The question is why now...
by Grt2bOutdoors
Thu Dec 06, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Should we sell farmland to coal company?
Replies: 33
Views: 1982

Re: Should we sell farmland to coal company?

Faulty math. You are not accounting for unrealized capital appreciation. Recall, total return is a combination of capital appreciation and income (rental, dividends). It’s highly likely your farmer relatives are right. Further, demand for coal is down. What happens if coal demand continues to declin...
by Grt2bOutdoors
Thu Dec 06, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11768

Re: Who else is getting excited?

ge1 wrote:
Thu Dec 06, 2018 8:57 am
Excited like a shopper who gets a 30% discount on an item he wants to buy anyway.
That is what Kohl’s is for!
by Grt2bOutdoors
Thu Dec 06, 2018 9:03 am
Forum: Investing - Help with Personal Investments
Topic: What Now?
Replies: 11
Views: 1160

Re: What Now?

RMDs at your age represents about 5% of account value. 12% in equities represents roughly 2.3 years of RMDs, yes good on you - you invested based on your need, ability and willingness to accept risk, give yourself an “atta boy” for that. The one thing about advisors are they apply a “cookie cutter” ...
by Grt2bOutdoors
Thu Dec 06, 2018 7:13 am
Forum: Investing - Theory, News & General
Topic: (NEW) WisdomTree 90/60 U.S. Balanced Fund
Replies: 172
Views: 12201

Re: (NEW) WisdomTree 90/60 U.S. Balanced Fund

columbia wrote:
Thu Dec 06, 2018 5:06 am
This has performed akin to VTI.
Remind me: what was it supposed to do?
Take your money and put it in their pocket.
by Grt2bOutdoors
Thu Dec 06, 2018 7:09 am
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11768

Re: Who else is getting excited?

I lost a lot of money this year. That's not exciting. As did I and a lot of other people (year is not over yet). Think of it this way, if you would have not lost the money, would you have spent it or did you need to spend it over the next 10 years? If the answer is no, then just stay the course. If...
by Grt2bOutdoors
Thu Dec 06, 2018 7:05 am
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11768

Re: Who else is getting excited?

I can’t help it, but when I read headlines such as “worst market to invest since the 1970s as almost all markets decline” or worst quarter in 7 years etc, I view that as positive news for a long term investor. Only for long term investors who have just started investing and have many years ahead of...
by Grt2bOutdoors
Thu Dec 06, 2018 7:03 am
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11768

Re: Who else is getting excited?

Not yet, when the market is down 25% then the real excitement begins....unfortunately that usually is followed by a recession, job losses and general economic malaise. Save your cash, the rainy days will surely be upon us one day.
by Grt2bOutdoors
Wed Dec 05, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Unemployed, questions about personal investing situation.
Replies: 13
Views: 1342

Re: Unemployed, questions about personal investing situation.

Keep 2 years of expenses liquid, the remaining cash I would ladder - for remaining years you will be unemployed and in school. Let’s say that is years 3-5. So you have 5 years of “safe” money. You could buy a 2 year us Treasury note that is yielding close to 2.8%, a 3 year cd, a 4 year cd and/or a 5...
by Grt2bOutdoors
Wed Dec 05, 2018 8:56 pm
Forum: Investing - Theory, News & General
Topic: Financial Advisor Compensation Mechanisms
Replies: 9
Views: 733

Re: Financial Advisor Compensation Mechanisms

The starting salary of an FA is not that large, many FA’s wash out of industry because they fail to earn enough to survive after salary stipend expires, typically 2 years later. Financial service companies will cut the strings if production targets are not met. Your list was good but add to it, sell...
by Grt2bOutdoors
Wed Dec 05, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: I’m getting frustrated FTIHX
Replies: 19
Views: 2301

Re: I’m getting frustrated FTIHX

I invested in FTIHX last year and it has done terrible. It’s almost down 12% since I purchased it. Is anyone else experiencing this pain? I’m in for the long haul because it’s in my ROTH IRA, but I’m regretting even investing anything in the fund! :annoyed The way you overcome this frustration is t...
by Grt2bOutdoors
Wed Dec 05, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: To Invest or Not to Invest
Replies: 31
Views: 2293

Re: To Invest or Not to Invest

OP, welcome to the forum If you are 40 now and want to retire in 10-15 years, then you may have to fund 35-40 years off of the 2million portfolio. So a back of the envelope calculation, if you retire at 50, live to 90 = 40 years, $2M/40 = $50k per year living expenses. Will that work for you? Are y...
by Grt2bOutdoors
Wed Dec 05, 2018 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: To Invest or Not to Invest
Replies: 31
Views: 2293

Re: To Invest or Not to Invest

Welcome to the forum! How stable is your employment? What is your expected target for retirement income? At what age do you anticipate retirement to begin? 2.5% is a very low rate. You could buy a 2 year us Treasury and earn more than that, albeit it will be federally taxed. How many more years on t...
by Grt2bOutdoors
Wed Dec 05, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: In a Bear Market, What Are Some Best Practices
Replies: 31
Views: 3462

Re: In a Bear Market, What Are Some Best Practices

Hold your nose, keep buying according to your asset allocation plan that is stated in your Investment Policy Statement. You do have one, right?
by Grt2bOutdoors
Wed Dec 05, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why Is Insurance Worth It (Analytically)?
Replies: 89
Views: 4132

Re: Why Is Insurance Worth It (Analytically)?

I feel it has a second, perhaps more important aspect. If, by my actions or inactions, I injure somebody, or even just damage their property, the responsible thing, the right thing, is for me to compensate them, although money can never completely compensate for an injury or a death. Therefore, I v...