Search found 17900 matches

by Grt2bOutdoors
Fri May 25, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: How safe are our funds in online platforms?
Replies: 8
Views: 559

Re: How safe are our funds in online platforms?

As everything is becoming more and more digitized, including our finances, some concerns raise. Never before have our brokerage and bank accounts been exposed to the entire world via the Internet. In the old days, if an attacker wanted to steal money from me, he had to walk into a bank office and c...
by Grt2bOutdoors
Fri May 25, 2018 9:08 am
Forum: Personal Consumer Issues
Topic: How long is reasonable? Life insurance followup
Replies: 4
Views: 455

Re: How long is reasonable? Life insurance followup

A week to two weeks for a response. No more than 30 days to get your funds. Realize that this is Memorial Day weekend and lots of folks are on vacation. Also, the person you correspond with is likely not the one who will approve the forms and disbursement of funds.
by Grt2bOutdoors
Fri May 25, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Anybody had CD with Columbia Bank, NJ
Replies: 12
Views: 677

Re: Anybody had CD with Columbia Bank, NJ

My first post. After delaying for 3 years finally getting around to opening a CD. Using depositaccounts as well as bankrate website, found that Columbia Bank, NJ has rate of 2.96% (3.00% APY) for 36 month with premature penalty loss of 1 yr. We live in NJ. Does anybody have experience with the CD f...
by Grt2bOutdoors
Thu May 24, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 130
Views: 17996

Re: GE and the myth of "safe blue-chip stocks"

Completely disappointed. Full disclosure: I made a decision to own GE stock mainly because of the lead director on it's board. I figured that it was bulletproof. Costly mistake that I vow never to do again. Regardless, I hope they can turn it around. No director, CEO, President, Chief Operating Off...
by Grt2bOutdoors
Thu May 24, 2018 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: About to retire and at an almost total loss.
Replies: 15
Views: 4700

Re: About to retire and at an almost total loss.

So Ford, PPL (some utility company I hadn't heard of), and AT&T? That is extreme portfolio risk. And a major part of income stream dependent on someone to manage your business for you. PPL - Pennsylvania Power and Light also owns Louisville Gas and Electric (Kentucky, Tennesse and Virginia) and a l...
by Grt2bOutdoors
Thu May 24, 2018 8:27 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 40
Views: 3243

Re: Fear vs. reality. Don't worry. Be happy.

I can't fathom that the annual medical costs for "90% of retirees" is less than $2,000. Balderdash. Mine are. I assume they are not counting Medicare premiums. Medicare IRMAA B and D premiums, Medigap G and Drug costs are about $600 per month for me. Additional our-of pocket costs are less than $10...
by Grt2bOutdoors
Thu May 24, 2018 8:25 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 40
Views: 3243

Re: Fear vs. reality. Don't worry. Be happy.

"While some people do run out of money, a person with less than $500,000 in savings, on average, spends just about a quarter of it during the first 20 years of retirement, according to a study by Sudipto Banerjee of the Employee Benefit Research Institute." So if you retired at 65 with less than $5...
by Grt2bOutdoors
Thu May 24, 2018 8:20 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody had CD with Columbia Bank, NJ
Replies: 12
Views: 677

Re: Anybody had CD with Columbia Bank, NJ

... found that Columbia Bank, NJ has rate of 2.96% (3.00% APY) for 36 month with premature penalty loss of 1 yr. We live in NJ. Does anybody have experience with the CD from this bank? It does not have a familiar brand like say Barclays bank or Goldman Sachs or Ally. It may not be as large as Barcl...
by Grt2bOutdoors
Thu May 24, 2018 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody had CD with Columbia Bank, NJ
Replies: 12
Views: 677

Re: Anybody had CD with Columbia Bank, NJ

The bank has been in business since 1926. Seeing that many banks actually failed during the Great Depression and they did not, says plenty. Not saying the bank isn't fine for CDs, but what does that really have to do with anything? What does it "say"? Barings Bank had been around since 1762 and fai...
by Grt2bOutdoors
Thu May 24, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: NY Insurance Costs on the Rise
Replies: 9
Views: 550

Re: NY Insurance Costs on the Rise

So I just got off the phone with Geico regarding their 3rd or 4th straight increase on my 6-month renewals. Both reps I spoke to claimed they live in NY and have Geico too and the costs went up for everyone. Anyone else experiencing increases in their Auto and Umbrella policies? Allegedly it was a ...
by Grt2bOutdoors
Thu May 24, 2018 5:19 pm
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 40
Views: 3243

Re: Fear vs. reality. Don't worry. Be happy.

My grandparents fall into the age group of this survey but they also retired with very nice pensions and a still solvent social security system so that they haven't had to touch their other savings. Most of my peers today have no pensions at all and may or may not get a social security check when t...
by Grt2bOutdoors
Thu May 24, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: Help me understand zero coupon bonds
Replies: 11
Views: 704

Re: Help me understand zero coupon bonds

This is new territory for me. Fidelity is offering zero coupon treasuries maturing in 6 months at 2.09%. My understanding is that these would be federal tax exempt. Not sure about state. Under those circumstances they seem like a great place to stash cash that you may need 6 months from now but do ...
by Grt2bOutdoors
Thu May 24, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Retirement Calculator
Replies: 14
Views: 1455

Re: Dave Ramsey Retirement Calculator

Don’t use his calculator.
by Grt2bOutdoors
Thu May 24, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: 529 vs Emergency Fund
Replies: 21
Views: 1270

Re: 529 vs Emergency Fund

MI_bogle wrote:
Thu May 24, 2018 8:46 am
Rupert wrote:
Wed May 23, 2018 2:30 pm
Emergency fund first. (That's the equivalent of putting on your oxygen mask before helping others).
This is great and I'm totally stealing it!
Sure, but having a fully funded emergency fund is the equivalent of having an oxygen mask properly cover both mouth and "nose". :wink:
by Grt2bOutdoors
Thu May 24, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody had CD with Columbia Bank, NJ
Replies: 12
Views: 677

Re: Anybody had CD with Columbia Bank, NJ

Why buy a CD rather than a 2 year T-Bill? Easy to buy or sell via vanguard, no early withdrawal penalty, state tax free. Why take the risk (FDIC i know) but how long will you wait to be made whole if the bank fails? Someone please enlighten me. My effective tax yield for a 2 year is currently ~2.63...
by Grt2bOutdoors
Thu May 24, 2018 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 64
Views: 5495

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

Pay it off. You have plenty of assets in "risk" categories, your castle does not need to be another source of "risk".
by Grt2bOutdoors
Thu May 24, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: 529 vs Emergency Fund
Replies: 21
Views: 1270

Re: 529 vs Emergency Fund

Emergency fund first.
Retirement second.
529 plan next.
Mortgage last. A 3.5% rate on mortgage is a great rate! Prepaying it and locking in your cash into home in lieu of having a decently funded emergency fund, no way.
by Grt2bOutdoors
Thu May 24, 2018 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 157
Views: 4691

Re: Purchasing a house, downpayment vs. retirement and other considerations

To buy a home that costs $1 million you shouldn't have to worry about lowering your 401k contributions to come up with the downpayment. You are buying way too much house. I wouldn't buy the house even if your in laws gave you $200k (bad idea to take it). You'll be stretched way too thin. As I said,...
by Grt2bOutdoors
Thu May 24, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing a house, downpayment vs. retirement and other considerations
Replies: 157
Views: 4691

Re: Purchasing a house, downpayment vs. retirement and other considerations

To buy a home that costs $1 million you shouldn't have to worry about lowering your 401k contributions to come up with the downpayment. You are buying way too much house. I wouldn't buy the house even if your in laws gave you $200k (bad idea to take it). You'll be stretched way too thin. As I said,...
by Grt2bOutdoors
Wed May 23, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest $1.4 million inheritance?
Replies: 27
Views: 2966

Re: How to invest $1.4 million inheritance?

If you are asking this question, then you need to revise your asset allocation. Nothing wrong with holding onto cash like instruments (read: high quality and short term) when messaging like today’s announcement about raising inflation expectations and level come from Fed chairman. Your hesitancy sho...
by Grt2bOutdoors
Wed May 23, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick
Replies: 36
Views: 2340

Re: Should I spend $1,500 on getting some rust repaired on a 15 year old Buick

If you fix the car and drive it 5 years, yah, it's a good bet. Where else are you going to drive a car with 25K miles for $300 a year?
by Grt2bOutdoors
Wed May 23, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 455
Views: 23010

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

The problem I ran into is that my husband handled anything related to the house and yard and vehicles. Within three weeks of his passing, I needed to figure out about mowing the lawn, for example. I've mowed before, with our old mower. But that was only when my husband was out of town. He cleaned t...
by Grt2bOutdoors
Wed May 23, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buying I bonds - what is the purpose of Registration on TD website
Replies: 22
Views: 2119

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

How does it work when I buy another $10k I-bond next year under my account? Will next Year I-bond show as a different bond number in my account? They don't show bond numbers, they show amount owned. You have to search the history to see that you purchased X bonds on Y date. It's not like a true pap...
by Grt2bOutdoors
Wed May 23, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 47
Views: 2222

Re: Need help with debt strategy

For a fellow in your situation, www.daveramsey.com. Go on youtube, search Dave Ramsey, then watch a few of his rants on paying off debt. He may be ranting, but he offers a ton of common sense that if followed will keep you on the right side of the balance sheet for the rest of your life. Follow his ...
by Grt2bOutdoors
Wed May 23, 2018 7:50 am
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 53
Views: 3384

Re: US T bills - first time user

Buy new issues if you can to avoid the spread. Some brokers charge some customers a fee, so check first. Or you can use treasury direct. OP uses Schwab (I recognize the screengrab) which has no commissions and no markups on T-bills. What you wrote is true, but there is still potential for Schwab to...
by Grt2bOutdoors
Wed May 23, 2018 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Advice, new to investing but a bit older
Replies: 6
Views: 809

Re: Advice, new to investing but a bit older

Is your DB SERS plan really paying 80K a month at age 60, or any age for that matter? That is a tremendous pension!
by Grt2bOutdoors
Wed May 23, 2018 6:09 am
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 53
Views: 3384

Re: US T bills - first time user

What does this mean "Tenders at high rate were alloted at 54.11%"? I saw it in the "Review order page". Tenders are the total amount of submitted applications to purchase those Treasury bills. As one “tenders” their resignation from a job, the word tender means “submissions” or “handed in”. In this...
by Grt2bOutdoors
Wed May 23, 2018 6:05 am
Forum: Investing - Help with Personal Investments
Topic: If you suddenly became a millionaire [exceed FDIC insurance limit]
Replies: 16
Views: 2462

Re: If you suddenly became a millionaire [exceed FDIC insurance limit]

Put your money in a ladder of Treasury Bills if you need liquidity. Most millionaires are investing from Day One. That is, they are allocating so much to “safe” assets like Treasuries and/or FDIC insured products, the rest to “risk” assets. It’s the risk assets that provide the oomph to the portfoli...
by Grt2bOutdoors
Tue May 22, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire? Input and advice is welcome!
Replies: 29
Views: 3629

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

WarpSpeed wrote:
Tue May 22, 2018 9:25 pm
My Financial Journey wrote:
Tue May 22, 2018 9:10 pm
I really don't know what you mean may this. I'm not sure if its a vague innuendo or not.
Reference to a song from the 80s. http://www.metrolyrics.com/one-night-in ... -head.html.
+1 - One night in Bangkok, the song is well-known here in the states.
by Grt2bOutdoors
Tue May 22, 2018 9:44 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 53
Views: 3384

Re: US T bills - first time user

I thought that all buyers (competitive and non) pay the same price at treasury auctions; the lowest price that clears the offer. I pay TDAmeritrade the same price for new issue tbills as reported on the treasury website to 4 decimals. Maybe they rake a penny here and there, like they did on "Office...
by Grt2bOutdoors
Tue May 22, 2018 8:11 pm
Forum: Personal Consumer Issues
Topic: Old Hot Water Heater
Replies: 20
Views: 1174

Re: Old Hot Water Heater

Replace it. If it's in your basement and it goes without a nearby drain, you are going to have a heck of a mess to clean up, especially if you aren't home and the water is running into it all day long.
by Grt2bOutdoors
Tue May 22, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard 401 k fund without dividend
Replies: 4
Views: 309

Re: Vanguard 401 k fund without dividend

I am invested in VANGUARD 500 INDEX, ADMIRAL SHARES (symbol VFIAX according to the prospectus) through Ameritas. I have been in this fund for over a year and it has not produced a dividend. The Vanguard website says this fund does have a yield. Why does the 401 k fund not produce a dividend? The di...
by Grt2bOutdoors
Tue May 22, 2018 7:38 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 53
Views: 3384

Re: US T bills - first time user

Buy new issues if you can to avoid the spread. Some brokers charge some customers a fee, so check first. Or you can use treasury direct. OP uses Schwab (I recognize the screengrab) which has no commissions and no markups on T-bills. What you wrote is true, but there is still potential for Schwab to...
by Grt2bOutdoors
Tue May 22, 2018 7:34 pm
Forum: Personal Consumer Issues
Topic: French hotel amenities...
Replies: 15
Views: 1097

Re: French hotel amenities...

I think the OP is pushing it expecting a washer and dryer in a hotel. I’d expect a more costly hotel would have a dry cleaning or garment washing service but will cost more than a fee Euros to stay there.
by Grt2bOutdoors
Tue May 22, 2018 7:32 pm
Forum: Personal Consumer Issues
Topic: French hotel amenities...
Replies: 15
Views: 1097

Re: French hotel amenities...

You are very likely to have a bidet in the bathroom. Bidets used to be highly likely. But recently, in cheaper hotels, I had no bidet. Victoria In recent years I have travelled in France a few times after a long absence. I saw no bidets at all. I stayed in both "economy" lodgings that had been retr...
by Grt2bOutdoors
Tue May 22, 2018 2:58 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 53
Views: 3384

Re: US T bills - first time user

Use YTM in the Ask column. The Bid are those seeking to purchase T bills from other sellers. The Ask column are those T bills others will sell to you.
by Grt2bOutdoors
Tue May 22, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Difficulty with Parents-In-Law
Replies: 25
Views: 1374

Re: Difficulty with Parents-In-Law

Mind your own business.

No good deed goes unpunished. You're young, focus on your marriage, you are seen as a meddler, for you and your wifes sanity - don't go where you are not welcome. Finances are very personal, if they want to share, they will share, if not, oh well!
by Grt2bOutdoors
Tue May 22, 2018 9:51 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 13287

Re: The Millionaire Next Door and civil servants

01) I think the public sector contains many millionaires, in fact almost all of them in my state are pension millionaires and many, many are pension and healthcare multi-millionaires. This is an important aspect here. The fact that FERS retirees can continue healthcare (certain restrictions) into r...
by Grt2bOutdoors
Tue May 22, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 96
Views: 4235

Re: How have you upgraded your wardrobe?

My boss's boss is in another country and my boss is female...so that guidance won't work. :) We have a range of fashions at our Megacorp. Some are sloppy and it's not a good look. Others are way on the other end, most are in the middle. My objective is simply to look a little more put together in t...
by Grt2bOutdoors
Tue May 22, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 13287

Re: The Millionaire Next Door and civil servants

As a result of substantial gains in the markets in the last couple of years the number of TSP millionaires has increased significantly, I checked the posted data in 2014 and the number of TSP millionaires was around 3000. A very small percentage considering there are 6 million Government employees....
by Grt2bOutdoors
Tue May 22, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: When should we stop contributing to our 529?
Replies: 18
Views: 1748

Re: When should we stop contributing to our 529?

Use this planner tool: https://vanguard.wealthmsi.com/csp.php I reevaluate each year the balance in my 529 account and the current/projected costs for in-state, out of state public college and then mid-tier private. While there are schools that do cost $70-75K all-in each year today, if the cost of ...
by Grt2bOutdoors
Tue May 22, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Dave Ramsey it or keep low interest debt
Replies: 132
Views: 8042

Re: Dave Ramsey it or keep low interest debt

Do people actually take DR seriously? 🙄 Many here, including myself, take Dave Ramsey seriously. Your question, not so much. Sure, I guess if you have monster Debt and are not so good with finances then his advice would probably resonate. I've followed him for a while, what he says is common sense ...
by Grt2bOutdoors
Tue May 22, 2018 7:47 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 13287

Re: The Millionaire Next Door and civil servants

The stats are all over the place regarding how many new businesses fail each year and how many fail by year ten. Lots of studies seem to have been done and without parsing the data too much it seems safe to say there is a very high failure rate. Yet, we have the MND small business owner. The same i...
by Grt2bOutdoors
Tue May 22, 2018 7:45 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 13287

Re: The Millionaire Next Door and civil servants

01) I think the public sector contains many millionaires, in fact almost all of them in my state are pension millionaires and many, many are pension and healthcare multi-millionaires. This is an important aspect here. The fact that FERS retirees can continue healthcare (certain restrictions) into r...
by Grt2bOutdoors
Tue May 22, 2018 7:41 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 13287

Re: The Millionaire Next Door and civil servants

There actually are several thousand millionaires that are civil Servants. https://federalnewsradio.com/mike-causey-federal-report/2018/03/tsp-millionaire-population-boom/ So where do you stand in the race to a million dollar-plus nest egg? At the end of last year, 2.8 million TSP participants had $...
by Grt2bOutdoors
Mon May 21, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 262
Views: 47223

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
Mon May 21, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 69
Views: 9575

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: 262
Views: 47223

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: 398

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...