Search found 18515 matches

by Grt2bOutdoors
Tue Aug 14, 2018 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Holding only VWENX for retirement
Replies: 12
Views: 869

Re: Holding only VWENX for retirement

Wellington is 100% US. <--- I was wrong, see KlangFool below. Wellington is currently, according to Morningstar , 51.17% US stock and 13.45% international stock, meaning that 21% of its stock holdings are international. That is interesting. I always assumed (incorrectly) that Wellington invested in...
by Grt2bOutdoors
Tue Aug 14, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Civil service: Long Shot Interview.. Would you go?
Replies: 14
Views: 749

Re: Civil service: Long Shot Interview.. Would you go?

You are being invited-that is a good sign. Go!
by Grt2bOutdoors
Tue Aug 14, 2018 8:29 pm
Forum: Personal Consumer Issues
Topic: Best consumer products - made in USA
Replies: 28
Views: 915

Re: Best consumer products - made in USA

Wine from Napa or Sonoma county in California.
by Grt2bOutdoors
Tue Aug 14, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 55
Views: 3957

Re: Marriage [How should finances be handled?]

Thanks for the replies all. Also, any general advise (not investment related) regarding marriage is welcome too. Thank you. It was said before but I’ll repeat it - Communicating is key in all relationships, but super important in marriage. You can’t read minds (even if you think so). Be kind to eac...
by Grt2bOutdoors
Tue Aug 14, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance investment
Replies: 8
Views: 912

Re: Inheritance investment

She has not spoken with an attorney but does intend to. For now, she is keeping the funds separate from their joint accounts and wants to get the money invested. Any particular funds that I should steer her towards? What is her current asset allocation? She should invest according to her willingnes...
by Grt2bOutdoors
Tue Aug 14, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Railroad Retirement vs Social Security
Replies: 13
Views: 1117

Re: Railroad Retirement vs Social Security

I don't know much about pensions, having never been anywhere where one was offered. If you decide you want to retire before age 60, or you are forced to quit due to medical reasons for example, are you SOL and get nothing? No, RRB offers disability and survivor benefits much like Social Security. T...
by Grt2bOutdoors
Tue Aug 14, 2018 9:32 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 209
Views: 11353

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

I never invested in international, but not because it is not doing well it is because years ago I read Common Sense on Mutual Funds and John Bogle's chapter on that subject resonated with me so much that I felt it wasn't necessary. Having said that, just when you stop investing in it, it will do be...
by Grt2bOutdoors
Tue Aug 14, 2018 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance investment
Replies: 8
Views: 912

Re: Inheritance investment

My mother has asked for advice on how to invest an inheritance she has received. I am a lurker and still trying to improve my game so I turn to you fine folks for some solid advice. She is 61 years old and retired. My dad is 66 and also retired. The inheritance amount is $375k. Her current plan is ...
by Grt2bOutdoors
Tue Aug 14, 2018 6:42 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 209
Views: 11353

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

sambb wrote:
Tue Aug 14, 2018 4:24 am
this thread has reminded me to buy international this week
buy low sell high is nice
I bought yesterday and I’ll be buying more in the coming days and weeks ahead. Stay the course!
by Grt2bOutdoors
Mon Aug 13, 2018 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Asked my advisor about fees and here's their reply
Replies: 40
Views: 5018

Re: Asked my advisor about fees and here's their reply

Read a couple of books. I recommend The Only Guide to a Winning Investment Strategy You’ll Ever Need - Larry Swedroe, All About Asset Allocation - Rick Ferri, The Little Book of Common Sense Investing by John Bogle where you learn about the tyranny of expenses. Read them, formulate an investment pol...
by Grt2bOutdoors
Mon Aug 13, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Railroad Retirement vs Social Security
Replies: 13
Views: 1117

Re: Railroad Retirement vs Social Security

Railroad retirement benefits have two components because you do not have Social Security benefits, instead you get a Social Security equivalent benefit and a pension payment. Social Security on a stand-alone basis will not pay you a benefit until age 63 at the earliest and it will be 30% reduced ben...
by Grt2bOutdoors
Mon Aug 13, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 55
Views: 3957

Re: Marriage

My advice is that if you are comfortable marrying someone you should be comfortable combining your finance. I’m sure there are people who have made it work, I’m just speaking from experience. All of the people I know who keep things separate are either divorced or miserable...YMMV +1. Agree 100% on...
by Grt2bOutdoors
Mon Aug 13, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage [How should finances be handled?]
Replies: 55
Views: 3957

Re: Marriage

A marriage is a legal contract, the joining of two parties - usually for love, companionship and to pool resources as two if handled strategically can improve their outcomes. If you both are rowing in sync, you’ll find the boat will glide across the water towards your destination in due time. If one...
by Grt2bOutdoors
Sun Aug 12, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 34
Views: 5165

Re: Newly retired - need to make a big change

Welcome to the Forum !! Regarding your proposed allocation to International Stocks, consider the following facts: 1. Diversification: Over 40% of the revenues of the S&P 500 come from international ops. So, the S&P 500 already has international covered. 2. Performance: International stocks as a cla...
by Grt2bOutdoors
Sun Aug 12, 2018 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 6797

Re: Private Banking is a trap. Don't do it!

You can be direct without being rude. Just let them know that based on your needs and what you've learned since becoming a private banking client that you'd like to revert back to your 'regular' status. Of course they'll likely continue to push until you have to be rude but you can at least start o...
by Grt2bOutdoors
Sun Aug 12, 2018 9:16 pm
Forum: Investing - Theory, News & General
Topic: Offering 401k Advice to my coworkers?
Replies: 35
Views: 2890

Re: Offering 401k Advice to my coworkers?

Is anybody aware of a 401(k) committee member being sued by a plan participant for giving out advice? I am unaware of that happening. I think the risk of such a lawsuit is grossly exaggerated in this forum. Not yet, but give Schilecter (spelling?) time, I'm sure this will be next on the agenda. His...
by Grt2bOutdoors
Sun Aug 12, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 125
Views: 5127

Re: how much car can we afford?

really, you dont even say what you are looking at? why is this a serious question? you can afford a used Civic. I'm looking at a BMW 3 series certified pre owned about 40k with 8k miles on it Buying that car means that you will not be able to afford other things that you might want. sounds like you...
by Grt2bOutdoors
Sun Aug 12, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 125
Views: 5127

Re: how much car can we afford?

You’re kidding, right?
What kind of car are you looking at? I’d say a 40-45k car at most.
by Grt2bOutdoors
Sun Aug 12, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Which account to build up?
Replies: 17
Views: 932

Re: Which account to build up?

If you lost your employment tomorrow, how fast could you find new employment? If it’s more than 3 months, then there is your answer. I vote for more e funding.
by Grt2bOutdoors
Sat Aug 11, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Plan - Should I opt out?
Replies: 1
Views: 428

Re: Pension Plan - Should I opt out?

Hi, I am seeking advice on whether this pension plan option that my new employer offers is any good. I am thinking it still is worth contributing but want a second opinion. Employees pay 2% income in today to get a cash value of 9.5% today’s income at age 65 (yr 2056). The plan is vested with 5 yrs...
by Grt2bOutdoors
Sat Aug 11, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 67
Views: 3881

Re: How often do you check your brokerage accounts

I check, can't be too careful these days. I also check my credit card accounts, I've caught two fraudulent transactions before the card company did, the first question from card company: How do you know its fraudulent? :oops: That is what we are dealing with these days.....
by Grt2bOutdoors
Sat Aug 11, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: New to the Vanguard approach and in mid 40's - how would you start?
Replies: 13
Views: 1161

Re: New to the Vanguard approach and in mid 40's - how would you start?

Welcome to the forum! I would start by taking a deep breath, all is not lost! Then, I would start by reading a few books first; I like Larry Swedroe's The Only Guide to a Winning Investment Strategy You'll Ever Need, Rick Ferri's All About Asset Allocation, William Bernstein's The Four Pillars of In...
by Grt2bOutdoors
Sat Aug 11, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 6797

Re: Private Banking is a trap. Don't do it!

I get invitations to become a Chase private banking client from time to time. I also get a call about once a year from someone at the local Chase branch saying they want to "touch bases" with me. I suspect "touch bases" means a sales pitch for private banking. I don't return the calls. Eh, my local...
by Grt2bOutdoors
Sat Aug 11, 2018 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 6797

Re: Private Banking is a trap. Don't do it!

Milk it for the good service and free wires and checks, and give them a firm no on investment advice. Since when does every deposit bank also need to provide proprietary commodity funds?!? :confused Add to the list - in-house proprietary "smart beta" funds, Alpha funds, access to "fund of funds hed...
by Grt2bOutdoors
Sat Aug 11, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 27
Views: 1862

Re: Buy back service time on pension

Rogue1 wrote:
Sat Aug 11, 2018 6:45 pm
Orange County--one of the wealthiest counties--went bankrupt in 1994.
That's because they thought they understood how derivatives work :oops: and :oops: :oops: they leveraged their investments to boot!
http://fortune.com/2012/11/21/the-culpr ... ge-county/
by Grt2bOutdoors
Sat Aug 11, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Private Banking is a trap. Don't do it!
Replies: 55
Views: 6797

Re: Private Banking is a trap. Don't do it!

Simply thank them for the opportunity to try out the service, but it's not for you. Your requirements do not require the "sophistication" they offer, you are moving your relationship back to the brick and mortar office and/or moving it outside to another institution. It's your money and it's your ch...
by Grt2bOutdoors
Sat Aug 11, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 27
Views: 1862

Re: Buy back service time on pension

Good Listener: Regarding the possibility of an underfunded pension, I'm not excessively worried about it. Yes, it's a risk, no doubt about it. But while private companies that offer underfunded pensions go bankrupt, disappear, and don't necessarily make good on the pension, I think public employers...
by Grt2bOutdoors
Sat Aug 11, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: stock split: Vanguard balance shows huge decline
Replies: 9
Views: 943

Re: stock split: Vanguard balance shows huge decline

It is well known that Vanguard never has accurately updated info until about an hour or two before the next market open. That means numbers can be wrong over weekends, over holidays, and even longer over weekends that are followed by a holiday. But sometimes the error goes the other way: https://i....
by Grt2bOutdoors
Sat Aug 11, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - confused about limits
Replies: 8
Views: 954

Re: Umbrella insurance - confused about limits

I have similar policies at Geico, almost identical. I do not think Geico offers 300/300, I also have 300/500. The $1M umbrella is above and beyond the auto limits, first you expend the 300/500 and if it goes over, then your $1M kicks in, that is how it was explained to me. They do offer 300/300. So...
by Grt2bOutdoors
Sat Aug 11, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mid 30s Crisis: Personal budget, savings and goals
Replies: 35
Views: 6386

Re: Mid 30s Crisis: Personal budget, savings and goals

Hello and welcome to the forum! Your crisis is not due to financial concerns. It's something else - stop looking at your social media, stop looking at your co-workers, stop watching HGTV. You are doing fantastic! How many employers offer a $25K match? - I can count them on two fingers, I know of one...
by Grt2bOutdoors
Sat Aug 11, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Brokerage Account for Minor
Replies: 14
Views: 775

Re: Brokerage Account for Minor

Pro- She has 40 years of potential growth Con - she can’t use it to act on greater opportunities that may come her way; educational use, home purchase, car purchase. Yes, saving for retirement is important but at age 18-24 there are greater opportunities. You can use a Roth for higher education. Yo...
by Grt2bOutdoors
Sat Aug 11, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 2999

Re: Financial Advidor Mandatory?

View the thread on “threats to ones financial well-being”. You don’t need a “guy”.
by Grt2bOutdoors
Sat Aug 11, 2018 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Preparing for a bear market
Replies: 43
Views: 4949

Re: Preparing for a bear market

If you are truly concerned about corporate debt, why is 60% allocated to medium rated credit? No free lunch, if you want more yield you take more risk. If you want safety of principal, high quality- governmental or CDs.
by Grt2bOutdoors
Sat Aug 11, 2018 6:52 am
Forum: Investing - Help with Personal Investments
Topic: $1M in cash - invest or pay down mortgage
Replies: 21
Views: 3392

Re: $1M in cash - invest or pay down mortgage

Jack FFR1846 wrote:
Sat Aug 11, 2018 6:41 am
I'd think about it like this: They can park the money by paying the mortgage on the house for sale. When it does sell, they get it back again to make the decision what to do with the money. In the mean time, they reduce the mortgage interest they're paying.
House for sale has no mortgage.
by Grt2bOutdoors
Sat Aug 11, 2018 2:06 am
Forum: Investing - Help with Personal Investments
Topic: AA and withdrawal rate suggestions
Replies: 1
Views: 278

Re: AA and withdrawal rate suggestions

Church had a windfall that we want to use to establish a maintenance reserve. Capital needs are $50 to $75k per year but we stretch and make do on a lot less and just completed some major replacements (roof and AC) so anticipate needing $30 k per year for the next 3 years. Thinking to combine inves...
by Grt2bOutdoors
Sat Aug 11, 2018 1:52 am
Forum: Investing - Help with Personal Investments
Topic: RDFN and housing market slow down...
Replies: 11
Views: 1314

Re: RDFN and housing market slow down...

What does Redfin have to do with your home purchase and current market values? The GDP growth rate was just reported to be 4.1%, knowing that why would you expect growth in the economy to not play a role in real estate valuations?
by Grt2bOutdoors
Sat Aug 11, 2018 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Joint RE Ownership
Replies: 5
Views: 467

Re: Advice on Joint RE Ownership

If A, B, and C are jointly responsible for the loan it could make a significant impact upon their individual abilities to get other loans that they wish to get on an individual basis. A lender could well decide that the entire $1 million loan should be held against the credit worthiness of each of ...
by Grt2bOutdoors
Sat Aug 11, 2018 1:42 am
Forum: Investing - Help with Personal Investments
Topic: Personal Rate of Return
Replies: 3
Views: 657

Re: Personal Rate of Return

It’s all in the timing. Let’s say you made 12 equal investments, each on the first of the month in the S&P 500 fund. Let’s say the market went up 25% by year-end, but in the first two months of the year, the market was up 10%. The majority of your periodic investment did not capture that 10% return ...
by Grt2bOutdoors
Sat Aug 11, 2018 1:36 am
Forum: Investing - Help with Personal Investments
Topic: Brokerage Account for Minor
Replies: 14
Views: 775

Re: Brokerage Account for Minor

fabis wrote:
Fri Aug 10, 2018 8:43 pm
Pro- She has 40 years of potential growth
Con - she can’t use it to act on greater opportunities that may come her way; educational use, home purchase, car purchase. Yes, saving for retirement is important but at age 18-24 there are greater opportunities.
by Grt2bOutdoors
Sat Aug 11, 2018 1:30 am
Forum: Personal Finance (Not Investing)
Topic: Pension vs. TIRA paperwork
Replies: 5
Views: 448

Re: Pension vs. TIRA paperwork

Before making a decision, compare the projected lump sum payout with what it would cost to purchase a single premium immediate annuity at www.immediateannuities.com. If the lump sum invested in an SPIA would provide you with an annual payout greater than $1k, by all means take the lump sum. Otherwis...
by Grt2bOutdoors
Sat Aug 11, 2018 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Joint RE Ownership
Replies: 5
Views: 467

Re: Advice on Joint RE Ownership

I hear biggerpockets.com is the forum for real estate investing. You don’t want a joint tenancy title since you are each “separate” with various ownership percentages. I haven’t done this, but perhaps having an LLC established, have the companies charter and by-laws spell out the ownership rights, h...
by Grt2bOutdoors
Sat Aug 11, 2018 12:40 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance - confused about limits
Replies: 8
Views: 954

Re: Umbrella insurance - confused about limits

I have similar policies at Geico, almost identical. I do not think Geico offers 300/300, I also have 300/500. The $1M umbrella is above and beyond the auto limits, first you expend the 300/500 and if it goes over, then your $1M kicks in, that is how it was explained to me. Geico does offer $300/$30...
by Grt2bOutdoors
Sat Aug 11, 2018 12:32 am
Forum: Investing - Help with Personal Investments
Topic: UTMA AA
Replies: 1
Views: 134

Re: UTMA AA

A trust maybe a more preferable vehicle. Initially, $10k in account value is not a grand sum of monies, if they will add $10k each year for the next 17 years, the account value can easily grow to $250k+. Each gift is a completed gift, the money belongs to the child. At your states age of majority, t...
by Grt2bOutdoors
Fri Aug 10, 2018 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: tweak my finances...
Replies: 5
Views: 528

Re: tweak my finances...

What are you going to do with all that 529 money when the college your kid picks doesn't cost that much? Save it for the grandkids? Have you seen the price of college these days? But let’s say there is money “left” over after paying for college, Grad school isn’t cheap especially in the licensed di...
by Grt2bOutdoors
Fri Aug 10, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for a downpayment on a house. Help?!
Replies: 15
Views: 912

Re: Saving for a downpayment on a house. Help?!

^^ don’t forget the 22 or 24 inch dual stage snowblower you’ll be needing. First major snowstorm, you’ll wish you had one.
by Grt2bOutdoors
Fri Aug 10, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8792

Re: Biggest Threats to Financial Well-Being

HobbesMB wrote:
Fri Aug 10, 2018 7:25 pm
Taking loans/money out of your retirement accounts. Money needs to go in and stay in to enjoy the benefits of compounding. Too many people use loans against that money to finance all sorts of expenses they don't need.
Ah yes, the infamous “leakage”.
by Grt2bOutdoors
Fri Aug 10, 2018 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8792

Re: Biggest Threats to Financial Well-Being

Having children. I’ve seen this several times on the thread. Not to derail the thread, but how about some more elaboration? I think the pros outweighs the cons, who else is going to fund your Social Security, protect you from enemies-both foreign and domestic, tend to you when frail, move society f...
by Grt2bOutdoors
Fri Aug 10, 2018 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: UTMA
Replies: 5
Views: 317

Re: UTMA

It is too late to accumulate earnings in a UTMA and move them to a 529 to avoid financial aid considerations. Starting with the 2017/18 school year FAFSA uses the prior prior year. That means that the FAFSA for her 2020/21 college year will be based on 2018's income and assets. Any UTMA assets woul...
by Grt2bOutdoors
Fri Aug 10, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for a downpayment on a house. Help?!
Replies: 15
Views: 912

Re: Saving for a downpayment on a house. Help?!

Depending on the saving account interest rate yes it could be your best place. If its a low interest .05% you can open a high interest savings, or Money Market account (Ally, Capital One) getting around 2% interest on the money. I would put the money no where else if it was me. This is a short term...
by Grt2bOutdoors
Fri Aug 10, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Saving for a downpayment on a house. Help?!
Replies: 15
Views: 912

Re: Saving for a downpayment on a house. Help?!

yes. Ally is at 1.8% right now. how much is 20%? we'd feel good with $100K downpayment likely. your home is only 500K? in NYC metro...... a starter home can be had in that range. and i said "as close to 20% as possible" They can be had for less than that, but then you have to take it down to the st...