Search found 19171 matches

by Grt2bOutdoors
Wed Dec 12, 2018 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice as I Turn 30
Replies: 11
Views: 666

Re: Seeking Advice as I Turn 30

Two things to add: okay to hold individual stock but don’t let any one individual stock exceed 5% of assets. Lot easier to come back from a 1 or 2 percent loss than it is from a higher weighing in any one individual holding. Two, while small cap can underperform so can any other asset class includin...
by Grt2bOutdoors
Wed Dec 12, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: Where does one purchase correctly-sized petite trousers?
Replies: 16
Views: 308

Re: Where does one purchase correctly-sized petite trousers?

Get over the pricing, first impressions are everything. Second, what is more important an investment upfront of $180 or the job in question? I don’t like to spend more than the next person but you have to weigh the cost vs the benefits. You have specific requirements- they can be met in one of a few...
by Grt2bOutdoors
Wed Dec 12, 2018 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Lost value in 529 savings
Replies: 22
Views: 1213

Re: Lost value in 529 savings

You have an 11 year old - you need the funds today? No, you need them in 7 years, and hopefully only 1/4 of it at any one time. College costs more than $20K over 4 years anywhere today. Given the choice, I would save in the 529 plan. Just select an asset allocation that permits you to have some grow...
by Grt2bOutdoors
Wed Dec 12, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: CAP Gains Wellington
Replies: 10
Views: 914

Re: CAP Gains Wellington

Actively managed funds should be held in a tax deferred account, if you are in a high tax bracket.
by Grt2bOutdoors
Wed Dec 12, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 142
Views: 9085

Re: What Happened to you during the Financial crisis of 2007–2008

So, the banks did the practical thing - they cut or outright eliminated the home equity lines, hard to lend when the value of the underlying collateral is falling by 10% daily. That happened to me. I had a Wells-Fargo HELOC that I kept open as an emergency fund. In early 2009 I received a letter fr...
by Grt2bOutdoors
Wed Dec 12, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 142
Views: 9085

Re: What Happened to you during the Financial crisis of 2007–2008

what happened to you and your stocks and savings during the financial crisis of 2007–2008? What lessons were learned and what advice would you give to someone just starting who remembers it as a young person. 1. You never know your real risk tolerance. I should have modified even my moderate alloca...
by Grt2bOutdoors
Wed Dec 12, 2018 7:24 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 142
Views: 9085

Re: What Happened to you during the Financial crisis of 2007–2008

Late 2007 - bought my first and only home. 2008 - the cracks in Wall Street start showing up. Bear Stearns, Lehman - a crisis of confidence they called it, rather it was a major lack of confidence. Funding dependent on trust, what could possibly go wrong? Liquidity started to dry up. Companies would...
by Grt2bOutdoors
Wed Dec 12, 2018 3:44 am
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 3716

Re: Donate to homeless?

Commuting on public transit in a large city. Just get so many requests, I am numb to it. Same. I realize some folks genuinely do need help, for many this is their permanent daily job. One of the most audacious scam I encountered was the fellow who indicated he was homeless, hadn’t eaten all day and...
by Grt2bOutdoors
Wed Dec 12, 2018 3:25 am
Forum: Personal Consumer Issues
Topic: Donate to homeless?
Replies: 84
Views: 3716

Re: Donate to homeless?

In the past ,I have purchased cases of canned foods from Sams club and delivered them to a Homeless shelter. Give it a thought :happy When I have the means we make a sizable to us cash donation to the local food bank and our employer matches it dollar for dollar. The downside to this, we are bombar...
by Grt2bOutdoors
Tue Dec 11, 2018 6:09 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 551
Views: 64398

Re: Post your Financial Milestone Announcements Here

I am not in the same league as some of you, but I do have something to share. We have recently crossed 100K in assets, no home. Came to the US in March 2015 and found this site a few months later, which put us on the right track.Thank you so much everyone. :sharebeer My SO and I had an simple meal ...
by Grt2bOutdoors
Tue Dec 11, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 214
Views: 16707

Re: What percentage of your net worth is your home equity?

Before or after transaction costs of selling the home?
by Grt2bOutdoors
Tue Dec 11, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is your home equity?
Replies: 214
Views: 16707

Re: What percentage of your net worth is your home equity?

KlangFool wrote:
Tue Dec 11, 2018 4:28 pm
OP,

I do not count my house as part of my net worth. If someone is counting the house as part of their net worth, they had bought too much house.

KlangFool
Good thing you’re not an accountant-you would be censured for failing to adhere to GAAP.
by Grt2bOutdoors
Tue Dec 11, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: New Retiree Investment Strategy
Replies: 19
Views: 1836

Re: New Retiree Investment Stratedgy

I appreciate everyone's reply and respect your wisdom. I fully understand the focus on Total Return and I agree. I have been investing in Vanguard funds since about 1990. While I am at 75% REIT, that's just my stocks. At this time, that only represents about half of my portfolio. And within the REI...
by Grt2bOutdoors
Tue Dec 11, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings Regret
Replies: 112
Views: 16570

Re: Too Much Savings Regret

My father died two years into his retirement last year. Brain cancer. I think this year why marrying someone who compliments you is good. My Dad was the spender in the marriage, and my Mum, the saver. Dad encouraged Mum to live a little, but Mum always made sure it was within limits. His death had ...
by Grt2bOutdoors
Tue Dec 11, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Tax gain harvesting for UTMA acoount
Replies: 14
Views: 759

Re: Tax gain harvesting for UTMA acoount

Did you tell TaxAct online calculator that your son is a dependent? If yes, the calculator apparently doesn't know anything about the kiddie tax. Keep in mind that many tax softwares are still in their preliminary versions and kiddie tax is an advanced subject that may not be properly programmed un...
by Grt2bOutdoors
Tue Dec 11, 2018 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Tax gain harvesting for UTMA acoount
Replies: 14
Views: 759

Re: Tax gain harvesting for UTMA acoount

Check with accountant but a “good” accountant will calculate what the maximum amount of capital gains you can incur before being subject to taxation. It doesn’t have to be $5k LTCG or nothing. Good Luck!
by Grt2bOutdoors
Mon Dec 10, 2018 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Hurting Roth IRA
Replies: 16
Views: 1346

Re: Hurting Roth IRA

I am in (VFFVX) Vanguard Target Retirement 2055 Fund. It’s a 90/10 fund. If the volatility upsets you that means your asset allocation is too aggressive. On the other hand you are only 29, your investment horizon could be as long as 50 years, if not longer. You have plenty of time to ride it out AN...
by Grt2bOutdoors
Mon Dec 10, 2018 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: [Help with my wife's retirement plan]
Replies: 10
Views: 553

Re: Retiring in 2 weeks, Traditional 401k

So another question. I looked at my wifes retirement she just started last year. She only has 4k in this 401k. Its also with T Rowe Price and with the 2050 target fund. She is paying a 0.72% expense rate. Would I be better off switching her into the 3 investment portfolio with a 90/10. here are the...
by Grt2bOutdoors
Mon Dec 10, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Tax gain harvesting for UTMA acoount
Replies: 14
Views: 759

Re: Tax gain harvesting for UTMA acoount

If he has income of only $6,000 from summer work and $5,000 max in capital gains, he should not owe any federal income tax, correct? I assume he would owe some additional state tax. Trying to understand this and perhaps get his basis close to the current value of the account while he is a student a...
by Grt2bOutdoors
Mon Dec 10, 2018 8:40 am
Forum: Investing - Theory, News & General
Topic: Low need to take risk - decrease allocation to stocks?
Replies: 42
Views: 3085

Re: Low need to take risk - decrease allocation to stocks?

You may be a candidate for Benjamin Graham's asset allocation plan - hold no less than a 25/75 portfolio, nor no more than 75/25. Theoretically, you could drop it to 40/60 at your ages, and let it ride, particularly if you are still salting away $150-$200K each year. If you are not salting anymore a...
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: 927

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: 15
Views: 607

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: 15
Views: 607

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: 1121

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: 18475

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: 1869

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: 47
Views: 3431

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: 52
Views: 4014

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: 52
Views: 4014

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: 11946

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: 11946

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: 11946

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: 1189

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: 11871

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: 47
Views: 3431

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: 2185

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: 804

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: 11946

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: 2190

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: 804

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: 11768

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: 2848

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: 11946

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: 11946

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: 11946

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: 11946

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: 11946

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: 11946

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...