Search found 20641 matches

by Grt2bOutdoors
Thu Jul 25, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Way out of financial catastrophe?
Replies: 80
Views: 10763

Re: Way out of financial catastrophe?

Are they trying to bring you up to current code through a retrofit? Are you actually required to bring it up to current code? Just because it does not meet current code does not make it dangerous/ deficient. It apparently met code when the original work was done. Repairs typically do not require a ...
by Grt2bOutdoors
Thu Jul 25, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Way out of financial catastrophe?
Replies: 80
Views: 10763

Re: Way out of financial catastrophe?

You’re not going to like this: sell the house “as is”.
by Grt2bOutdoors
Wed Jul 24, 2019 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like we are spinning our wheels (financially speaking). How far behind are we?!
Replies: 63
Views: 6455

Re: Feel like we are spinning our wheels (financially speaking). How far behind are we?!

Listen to Alec. My first and only home we bought in our late 30’s just before housing really took a nose dive. The sellers left us with a cast iron sewer pipe that looked like it was about to go and I even made the point to the home inspector only to be told if it’s not leaking at time of inspectio...
by Grt2bOutdoors
Wed Jul 24, 2019 6:40 pm
Forum: Personal Investments
Topic: Laid Off - Want to Retire / Am I OK
Replies: 145
Views: 18485

Re: Laid Off - Want to Retire / Am I OK

You can retire AND if funds start running lower than expected you will adjust just as IF you were working and were told you had to take a pay cut!
by Grt2bOutdoors
Wed Jul 24, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Feel like we are spinning our wheels (financially speaking). How far behind are we?!
Replies: 63
Views: 6455

Re: Feel like we are spinning our wheels (financially speaking). How far behind are we?!

Listen to Alec. My first and only home we bought in our late 30’s just before housing really took a nose dive. The sellers left us with a cast iron sewer pipe that looked like it was about to go and I even made the point to the home inspector only to be told if it’s not leaking at time of inspection...
by Grt2bOutdoors
Wed Jul 24, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Feel like we are spinning our wheels (financially speaking). How far behind are we?!
Replies: 63
Views: 6455

Re: Feel like we are spinning our wheels (financially speaking). How far behind are we?!

wife and i are 33 and 32 years old respectively. we both make modest incomes ($100 and $105K respectively - with my ceiling much higher and expecting a ~15% raise at YE) given the high COLA (NY) we reside in and sometimes i feel like i am spinning my wheels. anyway, i am curious as to how far "behi...
by Grt2bOutdoors
Wed Jul 24, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Should relative incomes be a factor in wedding gift?
Replies: 107
Views: 6535

Re: Should relative incomes be a factor in wedding gift?

A "cash" wedding sounds like a good one to skip. I think this is very area-dependent. In NY if you came with a non-monetary gift to a wedding, you would most likely be the only one. That's a bit hyperbolic IME (I'm from NY) and varies by ethnic group as well as place. I agree money wedding gifts ar...
by Grt2bOutdoors
Wed Jul 24, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Should relative incomes be a factor in wedding gift?
Replies: 107
Views: 6535

Re: Should relative incomes be a factor in wedding gift?

It's geographically and culturally dependent. As someone raised in California, I had never heard of the expectation that your gift should meet or exceed the cost of your reception dinner until a family member began dating someone from the East Coast, of Italian/Irish heritage. Apparently, in NY/CT ...
by Grt2bOutdoors
Tue Jul 23, 2019 9:15 pm
Forum: Personal Investments
Topic: Can we afford $600k home?
Replies: 98
Views: 6832

Re: Can we afford $600k home?

.... No lender will give you a mortgage of 90% without PMI. There’s too much risk for them and too much risk for you. Sure they will. The rate might just be higher. Lot’s of moving pieces, just like a car lease. You're right! I stand corrected. Here's a lender which claims they can do an LTV of 95%...
by Grt2bOutdoors
Tue Jul 23, 2019 8:17 pm
Forum: Personal Investments
Topic: Can we afford $600k home?
Replies: 98
Views: 6832

Re: Can we afford $600k home?

No. Keep renting. Yes rent can increase but so does taxes, maintenance, insurance. 2-3x gross income is max I’d recommend to borrow. No lender will give you a mortgage of 90% without PMI. There’s too much risk for them and too much risk for you.
by Grt2bOutdoors
Tue Jul 23, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Business loan to relative
Replies: 33
Views: 1427

Re: Business loan to relative

What is the collateral? What does "guaranteed by him personally" means? Are you going to sue him in US court if he does not pay in 1 year (or is late or claims business is slower, etc)? The promissory note, edited for privacy, says "Borrower agrees that until the principal and interest owed under t...
by Grt2bOutdoors
Tue Jul 23, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8847

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

Short term disability is a prudent move, usually its offered by employers as part of benefits so review his/her packages to ensure you have it. Why is it prudent? While you expect a recovery from delivery to go smooth, sometimes it doesn't work out quite so smoothly. There are risks, but likely sma...
by Grt2bOutdoors
Tue Jul 23, 2019 11:09 am
Forum: Personal Investments
Topic: 15 year mortgage vs paying down 30 year in 15 years
Replies: 11
Views: 906

Re: 15 year mortgage vs paying down 30 year in 15 years

What is the rate paid for 15 years? What is it for the 30 year? What is 5 interest? Percent?
by Grt2bOutdoors
Tue Jul 23, 2019 8:48 am
Forum: Personal Consumer Issues
Topic: What companies provide the best customer service
Replies: 58
Views: 3708

Re: What companies provide the best customer service

Along the lines of another post upthread, Wells Fargo because I never have to interact with a person and their ATM's are twice as fast as any other ATM I've used. Otherwise, I try to shop locally and support stores that care about their employees and community. A local example is ShopRite grocery s...
by Grt2bOutdoors
Tue Jul 23, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8847

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

Start saving for college early . Ear mark a set amount each month to invest and just consider it 'off limits' except for college expenses. We did that and put two kids thru 5 years of college each (the plan was 4, but I predicted 5 - and was right); no loans, no debts. my kid(s) will be getting ful...
by Grt2bOutdoors
Mon Jul 22, 2019 10:17 pm
Forum: Personal Investments
Topic: YieldStreet latest offering - North Florida Pre-Development Financing
Replies: 11
Views: 882

Re: YieldStreet latest offering - North Florida Pre-Development Financing

Below is the latest offering from YieldStreet. Any thoughts? North Florida Pre-Development Financing YieldStreet Real Estate provided a $4.0M first mortgage bridge loan secured by 23.5 acres of land within a 3,000-acre master-planned community outside Jacksonville, Florida. Total Loan - $4M Annual ...
by Grt2bOutdoors
Mon Jul 22, 2019 10:00 pm
Forum: Personal Consumer Issues
Topic: What companies provide the best customer service
Replies: 58
Views: 3708

Re: What companies provide the best customer service

L.L. Bean
Disney
Another nod to Wegmans (it’s not just 1 state, it’s pervasive in every state I’ve visited where there has been a Wegmans).
IN and Out - best fast food service I’ve experienced.
by Grt2bOutdoors
Mon Jul 22, 2019 7:30 pm
Forum: Personal Investments
Topic: Are Bonds Still Necessary Ballast in a Long-Term Trust Fund?
Replies: 33
Views: 2376

Re: Are Bonds Still Necessary Ballast in a Long-Term Trust Fund?

I am still wondering if people think bonds at 2.5% still constitute safe ballast. One could go with a money market fund for the safe part of the portfolio -- though that has reinvestment risk and wouldn't have the virtue of likely appreciation in the event of a stock market crash. On the other hand...
by Grt2bOutdoors
Mon Jul 22, 2019 7:07 pm
Forum: Investing - Theory, News & General
Topic: leveraged corporate loans — lending to companies with high levels of debt
Replies: 5
Views: 283

Re: leveraged corporate loans — lending to companies with high levels of debt

Well, who's doing the underwriting? Is the banks, investment banks, private equity funds, institutional investors? This is one of the side effects of a low interest rate environment. We have people chasing yield. Good question. Doesn't sound like anyone is taking it seriously. And when we do, we wi...
by Grt2bOutdoors
Mon Jul 22, 2019 6:32 pm
Forum: Investing - Theory, News & General
Topic: leveraged corporate loans — lending to companies with high levels of debt
Replies: 5
Views: 283

Re: leveraged corporate loans — lending to companies with high levels of debt

Well, who's doing the underwriting? Is the banks, investment banks, private equity funds, institutional investors? This is one of the side effects of a low interest rate environment. We have people chasing yield. Good question. Doesn't sound like anyone is taking it seriously. And when we do, we wi...
by Grt2bOutdoors
Mon Jul 22, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes?
Replies: 85
Views: 9027

Re: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes

Playing offense is all well and good, but a good offense stands no chance unless they have a proper defense. To that end, consider this: 1) Protect yourself from risks you can not cover efficiently nor economically: Buy proper levels of insurance that is outsourced to a third party. Examples of this...
by Grt2bOutdoors
Mon Jul 22, 2019 5:16 pm
Forum: Investing - Theory, News & General
Topic: leveraged corporate loans — lending to companies with high levels of debt
Replies: 5
Views: 283

Re: leveraged corporate loans — lending to companies with high levels of debt

Well, who's doing the underwriting? Is the banks, investment banks, private equity funds, institutional investors?
This is one of the side effects of a low interest rate environment. We have people chasing yield.
by Grt2bOutdoors
Mon Jul 22, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should relative incomes be a factor in wedding gift?
Replies: 107
Views: 6535

Re: Should relative incomes be a factor in wedding gift?

And how exactly are you supposed to know how much it all costed? You never know who you are going to offend so when it comes to "gifting" at all, just give what you personally feel comfortable with. Recently had a friend complaining about people not giving enough to cover the cost of each of their ...
by Grt2bOutdoors
Mon Jul 22, 2019 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Should relative incomes be a factor in wedding gift?
Replies: 107
Views: 6535

Re: Should relative incomes be a factor in wedding gift?

Going soon to a wedding with cash gifts, so we'll be ponying up. Should the amount of the gift be affected in any way by the fact that the happy couple has an income about five to six times higher than my wife and I? Obviously from an economic or philosophical standpoint, the argument would be pret...
by Grt2bOutdoors
Mon Jul 22, 2019 1:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard considering move to Private Equity
Replies: 3
Views: 868

Re: Vanguard considering move to Private Equity

The heading is "click bait". The move they are considering involves distribution, not the sale of Vanguard to Private Equity and/or the sale of private equity investments to individual retail investors. As it is now, one can theoretically indirectly participate in PE through purchase of units in KKR...
by Grt2bOutdoors
Mon Jul 22, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8847

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

livesoft wrote:
Mon Jul 22, 2019 1:40 pm
Many people will offer well-meaning advice. You can ignore most of it.
+1 Less stress! :D
by Grt2bOutdoors
Mon Jul 22, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8847

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

Borrow "The Happiest Baby on the Block" DVD from your library or Netflix. Basically, it shows you how to put a baby that is 0-6 months old to sleep or at least calm down. This was very effective for us. It is also a book, but the DVD is more effective in teaching the method. Eh...swaddle the baby, ...
by Grt2bOutdoors
Mon Jul 22, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8847

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

I would get term life insurance, for both of you. may i ask where to start with this? it honestly didn't really cross my mind but it does make sense. do BH's have a favorite company to get LI through? Term4sale.com or Zander.com You pick the insurance company out of the list of prices they quote yo...
by Grt2bOutdoors
Mon Jul 22, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?
Replies: 122
Views: 8847

Re: Wife (teacher) and I are trying for a baby. What are some "must-knows" and other tips?

I would keep stress down to a minimum. Find a way to eliminate as much as you can before/during/after. More stress, not good for you/her or an addition. I also would not broadcast it to others (just adds to stress) except on an anonymous internet forum.
by Grt2bOutdoors
Mon Jul 22, 2019 1:27 pm
Forum: Personal Investments
Topic: we need much less money to retire
Replies: 50
Views: 7189

Re: we need much less money to retire

OP - I'd like to propose something different than most of the other responses. Ignore the "what ifs" and just do it. It's not like you are throwing caution to the wind. Look at all the positives you have going for you: you have a medical license - you can pretty much practice anywhere in the world (...
by Grt2bOutdoors
Mon Jul 22, 2019 6:04 am
Forum: Personal Consumer Issues
Topic: Tree guy is no-show; payment was "deposit"
Replies: 47
Views: 5759

Re: Tree guy is no-show; payment was "deposit"

I don't get how many people pay "deposits" for work. I have had a lot of work done professionally on the house I own, including a new roof, complete house painting, fence staining, new air conditioning, etc. I only had to pay a small deposit one time, and that was for the contractor to purchase in ...
by Grt2bOutdoors
Sun Jul 21, 2019 12:53 pm
Forum: Personal Investments
Topic: Thoughts on 33% Large 33% Mid and 33% small?
Replies: 81
Views: 5436

Re: Thoughts on 33% Large 33% Mid and 33% small?

How about 50% LC, 25% MC and 25% SC?
by Grt2bOutdoors
Sun Jul 21, 2019 6:54 am
Forum: Personal Investments
Topic: College Student Needs Investment Assistance
Replies: 9
Views: 696

Re: College Student Needs Investment Assistance

If you need this money to support you in the next 10-20 years, you should not take excessive risk. Broad market index funds such as Total Stock Market Index or 500 Index for domestic exposure, Total International Index for overseas exposure and some level of fixed income held in either Total Bond Ma...
by Grt2bOutdoors
Sat Jul 20, 2019 7:02 am
Forum: Investing - Theory, News & General
Topic: Zero % down mortgages. Are we going to see 2008 again?
Replies: 27
Views: 2867

Re: Zero % down mortgages. Are we going to see 2008 again?

Zero down is not a problem Interest only is not a problem ARMs are not a problem Giving massive loans to people with terrible credit histories is a problem. Bundling those loans up and selling them off with no transparency in the risk is a problem. Underwriting that risk with no understanding of wh...
by Grt2bOutdoors
Fri Jul 19, 2019 5:24 pm
Forum: Personal Investments
Topic: Why keep low-interest I Bonds?
Replies: 24
Views: 2865

Re: Why keep low-interest I Bonds?

Mel Lindauer wrote:
Fri Jul 19, 2019 4:52 pm
Don't forget that the I Bonds can be redeemed tax-free if used for qualifying educational expensescfor you or your children.
Isn’t that based on income limitations, or has that changed?
by Grt2bOutdoors
Fri Jul 19, 2019 1:20 pm
Forum: Personal Investments
Topic: investment grade corporate bond funds fall in downturn?
Replies: 38
Views: 3424

Re: investment grade corporate bond funds fall in downturn?

In the current market environment, there is a belief among some experts (eg; Jeff Grundlach) that the ratings agencies have been lenient with corporate bonds, such that some BBB bonds are actually junk bonds now, and if there is slow down then those BBB's will get clobbered and downgraded. Anything...
by Grt2bOutdoors
Thu Jul 18, 2019 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Explaining the magic of compound interest to teenagers
Replies: 107
Views: 5920

Re: Explaining the magic of compound interest to teenagers

Ask them if they know what a credit card is? When they say yes, give them this example: You are in college, the balance on the card is zero. You are hungry, so you buy one pie. The pie costs $10.00 The bill comes, because you were so busy studying and hanging with your friends, you forgot to pay it....
by Grt2bOutdoors
Thu Jul 18, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Harrassed at work, what steps to take to protect her future employment
Replies: 93
Views: 8399

Re: Harrassed at work, what steps to take to protect her future employment

Has there been a recent change of manager or company ownership? Have any conversations mentioned a protected characteristic? If so, is there documentation? Nothing you mentioned would seem to rise to a legal issue by itself. Absent a smoking gun here, I would prepare to switch jobs. It is easier to...
by Grt2bOutdoors
Thu Jul 18, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: College cost prediction and savings for 5, 3, and newborn
Replies: 102
Views: 5999

Re: College cost prediction and savings for 5, 3, and newborn

The fearmongering on education costs is amazing. There are SO MANY alternatives to the horror stories. Our flagship U is a Top 10 Engineering school. Total cost is about $26k/year. We can easily afford it, but if we couldn’t our son (a fr this fall) would be looking at a two-year extension school a...
by Grt2bOutdoors
Thu Jul 18, 2019 8:50 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Next "Bogleheads on Investing" podcast guest
Replies: 61
Views: 6238

Re: Larry Swedroe: Next "Bogleheads on Investing" podcast guest

Here's a question - Isn't a simple portfolio of 1-4 index funds still the best way for the general public to grab their fair share of market returns without breaking the bank on expenses? If not, what has changed?
by Grt2bOutdoors
Thu Jul 18, 2019 8:47 am
Forum: Personal Consumer Issues
Topic: Gold Coin for fun, not for investment or numismatics [Canadian Maple Leaf]
Replies: 31
Views: 2485

Re: Gold Coin for fun, not for investment or numismatics [Canadian Maple Leaf]

bberris wrote:
Thu Jul 18, 2019 8:37 am
Where's the fun?
ScroogeMcDuck would think it's fun to hold gold coins in the hand.
by Grt2bOutdoors
Wed Jul 17, 2019 5:26 pm
Forum: Personal Investments
Topic: Pay off mortgage early?
Replies: 14
Views: 1482

Re: Pay off mortgage early?

What is the rate on the mortgage and what is the term?
After paying off the mortgage, do you still have sufficient assets to maintain your lifestyle going forward?
If yes, go ahead and pay it off if it let's you rest easier at night.
by Grt2bOutdoors
Wed Jul 17, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 72
Views: 6235

Re: Take the cash or the free dinner?

What are they trying to sell you? Banking and investment services. In return I can tell them why their products suck. Years ago, Fidelity offered me $250 to listen to their pitch. The catch was, you could not work in the financial industry. As soon as I said I did, the offer was retracted. Have fun...
by Grt2bOutdoors
Wed Jul 17, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 72
Views: 6235

Re: Take the cash or the free dinner?

If this is legit, would imagine you should steel yourself for a very painful listening experience. Hope you have skin thick as a rhinoceros. Actually, I'm pretty good at "interviewing" the salesreps myself in order to make things interesting. I would pay you just to make you go away! :twisted: (wel...
by Grt2bOutdoors
Wed Jul 17, 2019 4:19 pm
Forum: Personal Investments
Topic: Ferri? Or Vanguard PAS?
Replies: 64
Views: 5465

Re: Ferri? Or Vanguard PAS?

I like Rick Ferri and enjoy his contributions here. But unless you have a really complicated financial situation, why pay anyone? Personally, if I HAD to go with a service, I would choose Vanguard PAS. (You can do this yourself!) Simplicity that's why. Rather than post your laundry on the forum whi...
by Grt2bOutdoors
Wed Jul 17, 2019 4:16 pm
Forum: Personal Investments
Topic: Ferri? Or Vanguard PAS?
Replies: 64
Views: 5465

Re: Ferri? Or Vanguard PAS?

Where did this Rick Ferri guy come from? I have been on the site for around two years and never seen any advisors plugged. but over the last two or three days I've seen this guy's name thrown around a dozen times. Perhaps it's the cynic in me but I wonder why. Check out the wiki - he wrote one of t...
by Grt2bOutdoors
Wed Jul 17, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: in CA, what is the best way to save for kids college, in detail?
Replies: 21
Views: 1007

Re: in CA, what is the best way to save for kids college, in detail?

^^ OK, that makes sense, thank you. I don't have much $ each year to invest. Is a Coverdell ESA better than a 529 for me? You can open a 529 plan for $0 - yes, you read that right. The New York State 529 Direct Plan has no minimum amount required to open, and no minimum amount to make additional de...
by Grt2bOutdoors
Wed Jul 17, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: in CA, what is the best way to save for kids college, in detail?
Replies: 21
Views: 1007

Re: in CA, what is the best way to save for kids college, in detail?

abcd12345 wrote:
Wed Jul 17, 2019 1:50 pm
I am in similar boat. So far, I have been comparing between Ohio and Nevada. Nevada is with Vanguard which makes it easy to manage. Ideally I would like to have VTSAX with lowest fees. I need to go over fees and expense ratio.
Nys529Direct Plan.
by Grt2bOutdoors
Wed Jul 17, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: in CA, what is the best way to save for kids college, in detail?
Replies: 21
Views: 1007

Re: in CA, what is the best way to save for kids college, in detail?

You could, but why pass up on the tax free growth of a 529 plan? You will pay some taxes on a taxable account.