Search found 23133 matches

by Grt2bOutdoors
Mon Apr 12, 2021 11:21 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 133
Views: 5235

Re: The primary factor for picking a College/University is out of pocket cost

No amount of money can repeat 4 years being surrounded by highly motivated peers. Also, $100k is a chump change in some fields. Some of my friends almost saved that much in the first two years out of college working at Google. +1. $100k vs $300k is chump change when you consider lifetime earnings i...
by Grt2bOutdoors
Sun Apr 11, 2021 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 151
Views: 10255

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

While we're talking about Roth vs/ tIRA, what is the impact on the portfolio value - tax deferment of contributions and savings in a tIRA until 72 - vs paying taxes on contributions and never taxing distributions in a Roth? Just to make it entertaining, you can use an RMD schedule and / or an assum...
by Grt2bOutdoors
Sun Apr 11, 2021 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 151
Views: 10255

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

It's neither easy nor cheap to make yourself 'paper poor' in order to get on Medicaid. Moving a tax-deferred balance into a trust requires realizing the income first and paying taxes accordingly. Which is the whole point of this thread...tax-deferred balances are a pain to deal with in retirement. ...
by Grt2bOutdoors
Sun Apr 11, 2021 10:11 pm
Forum: Investing - Theory, News & General
Topic: Latest Thoughts from Larry Swedroe
Replies: 121
Views: 18227

Re: Latest Thoughts from Larry Swedroe

This article reinforced my thinking regarding having someone else make my investment decisions. I have turned over about 30% of my retirement assets to American Century Private Client Group to see if I like this process. It seemed that older investors with larger balances were more prone to market ...
by Grt2bOutdoors
Sun Apr 11, 2021 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial arrangements
Replies: 47
Views: 4317

Re: Prenuptial arrangements

After reading through all the responses I can see you and your intended are not on the same page. First, go for premarital counseling - usually they will give you a list of questions you both answer independently, then you go through them together. That's the time to talk. It will be money well spen...
by Grt2bOutdoors
Sat Apr 10, 2021 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 151
Views: 10255

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

While I haven't read Ed's new book, I have seen him speak on PBS. IMO, I'd like to call his proposal simply a plan of tax arbitrage. The only difference here is when you choose to pay the piper - now or later. It's a personal decision for every individual.
by Grt2bOutdoors
Thu Apr 08, 2021 7:37 pm
Forum: Personal Investments
Topic: Cash Accounts vs 529
Replies: 2
Views: 334

Re: Cash Accounts vs 529

Outside of merit/athletic scholarship with your income and assets you aren’t going to get financial aid. You have 7 years for daughter to fund 300k plus some level of tuition inflation (let’s call it 5% over 4 years - optimistic). Son is 13, you have 9 years to sock away 300k plus inflation of say 7...
by Grt2bOutdoors
Thu Apr 08, 2021 7:21 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2277
Views: 270617

Re: Post your Financial Milestone Announcements Here

A440 wrote: Wed Apr 07, 2021 6:59 pm We crossed the 2 million mark today in our investments. It took not quite 7 years from when we reached the 1 million mark. FWIW, we are a one-earner family of 4 and my main profession is a public school teacher.
Many thanks to the great advice from the forum!
Congratulations!
by Grt2bOutdoors
Thu Apr 08, 2021 7:17 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2277
Views: 270617

Re: Post your Financial Milestone Announcements Here

Op and all, hit 1.7 million first time ever, portfolio was considered flat and in red for 2019, now triple my annual salary 285K. Congrats to all retire2022 op and all topped a couple of weeks ago I hit 1.83 Million and dropped down to 1.35 Million due to Coronavirus. I'm back to 2018 levels Easy c...
by Grt2bOutdoors
Thu Apr 08, 2021 7:16 pm
Forum: Personal Investments
Topic: Just spoke w FA at VG [Financial Advisor at Vanguard]
Replies: 14
Views: 1300

Re: Just spoke w FA at VG

I am 69 with 3 million spread between Fidelity managed account , 401k, ira’s Traditional,Roth,VG Anyway looking to set up a managed account with VG. With a little over a million for now. The FA suggested a 25% US lg co. and 24% in international along with bonds. I was surprised by the 24% in intern...
by Grt2bOutdoors
Thu Apr 08, 2021 2:20 pm
Forum: Personal Investments
Topic: Family with 4 little humans: chances of retiring/financial independence
Replies: 70
Views: 7036

Re: Family with 4 little humans: chances of retiring/financial independence

Life is short. Continue on your current path but don’t forget to focus on the important things in front of you, 4 little humans and wife. Everything in moderation. Retirement at 55 is nice goal to have but there are more important goals and if retirement gets pushed to 60 but you accomplished all th...
by Grt2bOutdoors
Wed Apr 07, 2021 2:01 pm
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6231

Re: How much cash do you really hold?

jason2459 wrote: Wed Apr 07, 2021 1:56 pm
Visitor76 wrote: Wed Apr 07, 2021 1:49 pm
flyingaway wrote: Wed Apr 07, 2021 10:28 am When the market crashes, you wish you had more cash.
Not if you're making bi-weekly contributions. :beer
You can have the cake and eat it too.
Lose your job - there goes the cake and your appetite!
by Grt2bOutdoors
Wed Apr 07, 2021 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Should I be concerned about over funding 529?
Replies: 17
Views: 1667

Re: Should I be concerned about over funding 529?

I would stop, and also continue to take some out for his private education to get that balance down a bit. I do think you can over fund a 529. It's not the end of the world if you say only have 90% of the tuition in a 529 and just save the remainder in an index fund and have to pay some capital gai...
by Grt2bOutdoors
Wed Apr 07, 2021 10:48 am
Forum: Investing - Theory, News & General
Topic: Talking Taxes with Phil DeMuth on the April "Bogleheads on Investing" podcast
Replies: 14
Views: 1674

Re: Talking Taxes with Phil DeMuth on the April "Bogleheads on Investing" podcast

This was an excellent and informative podcast. Thank you Rick and Phil DeMuth!
by Grt2bOutdoors
Tue Apr 06, 2021 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I be concerned about over funding 529?
Replies: 17
Views: 1667

Re: Should I be concerned about over funding 529?

I would stop, and also continue to take some out for his private education to get that balance down a bit. I do think you can over fund a 529. It's not the end of the world if you say only have 90% of the tuition in a 529 and just save the remainder in an index fund and have to pay some capital gai...
by Grt2bOutdoors
Tue Apr 06, 2021 4:31 pm
Forum: Personal Consumer Issues
Topic: Wife Beating Me Up over cost of Landscaping Job
Replies: 20
Views: 2531

Re: Wife Beating Me Up over cost of Landscaping Job

Is your wife in the landscaping business? You paid, you got a good result? Then that’s the price. You can get cheaper and you might get a good result and you may not.
by Grt2bOutdoors
Mon Apr 05, 2021 9:34 pm
Forum: Personal Investments
Topic: I Bond Sell Strategy
Replies: 82
Views: 6959

Re: I Bond Sell Strategy

I-bond inventories can easily be updated via TD. For paper bonds you build your inventory once, save it, and update when you want to do so. Easy as can be. The only date you have to enter is the date of the valuation report. Once the date is given, your report updates in a flash. Very comprehensive...
by Grt2bOutdoors
Mon Apr 05, 2021 9:20 pm
Forum: Personal Investments
Topic: Should I use a Roth 401k instead of a regular 401k?
Replies: 23
Views: 2145

Re: Should I use a Roth 401k instead of a regular 401k?

What are your long term goals? ie, do you plan to retire early? How will the change affect your taxes? Will it affect any credits? I certainly don't see a reason to convert your existing balance at this time. Starting Roth contributions may be useful, depending on the bigger picture. The idea of re...
by Grt2bOutdoors
Sun Apr 04, 2021 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Young, Uninformed Home Buyer with Cash
Replies: 17
Views: 1978

Re: Young, Uninformed Home Buyer with Cash

^^Many roads to Dublin! You don't need to invest in the stock market only to get on the road to riches. Real estate or owning your own successful business can make as much if not more, much more than the chart you show above. But for the masses, yes, an automatic investing plan can be the differenc...
by Grt2bOutdoors
Sun Apr 04, 2021 7:52 pm
Forum: Personal Investments
Topic: Best all-in-one, set it and forget portfolio?
Replies: 36
Views: 3130

Re: Best all-in-one, set it and forget portfolio?

Vanguard Balanced Index Vanguard Lifestrategy funds for those who demand international exposure Vanguard Target Retirement Income fund Vanguard Wellington* Vanguard Wellesley* If you are in a high tax bracket, do not use the Wellington or Wellesley funds in taxable accounts - they kick off ALOT of c...
by Grt2bOutdoors
Sun Apr 04, 2021 7:48 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 28
Views: 1775

Re: Roth conversion

I would like to do a $20,000 Roth conversion this year, but everything I’ve read says it’s better to do it when market is down. I’m not sure what to do since the market is up, but I also know I can’t time the market. Any suggestions on what to do. Thanks What is the net tax effect if you do the con...
by Grt2bOutdoors
Sun Apr 04, 2021 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Young, Uninformed Home Buyer with Cash
Replies: 17
Views: 1978

Re: Young, Uninformed Home Buyer with Cash

^^Many roads to Dublin! You don't need to invest in the stock market only to get on the road to riches. Real estate or owning your own successful business can make as much if not more, much more than the chart you show above. But for the masses, yes, an automatic investing plan can be the difference...
by Grt2bOutdoors
Sun Apr 04, 2021 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Young, Uninformed Home Buyer with Cash
Replies: 17
Views: 1978

Re: Young, Uninformed Home Buyer with Cash

Summery: - I am buying a house cash - I have never had any debt - I have a very good credit score, but little available credit - My well off parents who are willing to cosign want me to get a mortgage after closing Questions: - Do you think getting a mortgage on the home I will own out right is wis...
by Grt2bOutdoors
Sun Apr 04, 2021 6:52 pm
Forum: Personal Investments
Topic: Novice Portfolio Review Request
Replies: 4
Views: 651

Re: Novice Portfolio Review Request

Hello everyone. I have never put a lot of time reviewing my investment options, but I put together the following based on the high-level guidance I've seen. I would greatly appreciate feedback and any recommended changes. Thank you to everyone in advance! Basics Emergency funds: Already set-up(and ...
by Grt2bOutdoors
Sun Apr 04, 2021 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Using term life to hedge a spouse's pension?
Replies: 10
Views: 886

Re: Using term life to hedge a spouse's pension?

Take the 100% option - if you are dependent on the pension for income there is no reason to take any lump sum payout. The whole idea of a pension is to provide a stream of income for the remainder of your primary and surviving spouse lifetimes. If you want to find out the cost of life insurance, use...
by Grt2bOutdoors
Sun Apr 04, 2021 6:20 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 28
Views: 1775

Re: Roth conversion

I would like to do a $20,000 Roth conversion this year, but everything I’ve read says it’s better to do it when market is down. I’m not sure what to do since the market is up, but I also know I can’t time the market. Any suggestions on what to do. Thanks What is the net tax effect if you do the con...
by Grt2bOutdoors
Sun Apr 04, 2021 5:51 pm
Forum: Personal Investments
Topic: Can I makeup for previous low contributions? And review of new retirement plan.
Replies: 26
Views: 2190

Re: Can I makeup for previous low contributions? And review of new retirement plan.

Anyway for me to catch up? ... I'm 29 years old. I'm struggling to imagine how a 29 year old feels as if they are somehow behind on retirement savings. :shock: Regards, Finances make me really anxious. I think my ignorance fuels that. But you all have really really helped me :sharebeer Yes, you are...
by Grt2bOutdoors
Sun Apr 04, 2021 5:41 pm
Forum: Personal Investments
Topic: What to do with the VIIXF [VelocityShares VIX Short Term ETN]
Replies: 8
Views: 425

Re: What to do with the VIIXF [VelocityShares VIX Short Term ETN]

Are you doing this as a hedge against the portfolio or are you timing it to take advantage of the recent volatility? The answer to that should help you understand what your next step is. I had it last year and made some good money but then the market flattened out and only went up up up. So my logi...
by Grt2bOutdoors
Sun Apr 04, 2021 5:30 pm
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12564

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

That’s what markets do. +1 I see your point but I disagree as this is different. You refer to 2013 but that was a full 5+ years after the great recession low. Now we aren't even out of the great pandemic of 2020 and in March 2021 we are at all time highs. In March 2020 the Dow got down to about 18,...
by Grt2bOutdoors
Sun Apr 04, 2021 5:27 pm
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12564

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

I'm still investing according to my IPS. To be honest, the market has been at a record high pretty much all of my investing life, had I stopped buying equities along the way and the numerous dips I may not have been able to reach my retirement accumulation goals. You are retiring in 5 years you say?...
by Grt2bOutdoors
Sun Apr 04, 2021 4:36 pm
Forum: Investing - Theory, News & General
Topic: Incredible stock market gains the past year - probably due for a major pullback
Replies: 89
Views: 10793

Re: Incredible stock market gains the past year - probably due for a major pullback

A major pullback? The March jobs report came in pretty good, the economy is being flooded with fiscal stimulus, I think the party will continue a bit longer but the hangover is going to make last March's action look tame if consumers don't start spending "like its 1999" (to quote Prince).
by Grt2bOutdoors
Sun Apr 04, 2021 12:07 pm
Forum: Personal Investments
Topic: WSJ article "How to Know if Your Retirement Savings Are on Track"
Replies: 33
Views: 4537

Re: WSJ article "How to Know if Your Retirement Savings Are on Track"

I saw this article today in the Wall Street journal and finally took the bait and clicked and read it. I was surprised to find that the the measure of retirement savings at a certain age was expressed compared to income instead of expenses. Despite that, I was well ahead of the benchmark following ...
by Grt2bOutdoors
Sat Apr 03, 2021 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Changing Beneficiary on 529 & Gift Tax reporting
Replies: 2
Views: 260

Re: Changing Beneficiary on 529 & Gift Tax reporting

I don't see how its reportable. There is usually only one owner on the 529,The contributions are within the annual limits, I don't believe you have any issue here. You have a 529 plan, you have a child, you are changing the beneficiary, you don't have to report anything. Even if you gave an addition...
by Grt2bOutdoors
Fri Apr 02, 2021 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Housing Savings vs. Retirement Savings
Replies: 6
Views: 662

Re: Housing Savings vs. Retirement Savings

There comes a time when you need to put the needs of the family above all else, including retirement savings. If the needs of the family are most important and if this house will fulfill this need AND you can financially afford to make the necessary payments and repairs over time, then buy the house...
by Grt2bOutdoors
Thu Apr 01, 2021 7:39 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 2277
Views: 270617

Re: Post your Financial Milestone Announcements Here

Nice job! That is a great accomplishment for a couple so young. We were starting the mortgage on our current home at age 36. It was paid off earlier than the length of the mortgage. As well, we put down about 50%, so the mortgage wasn't all that much of a burden. OP, are you formally mapping to ear...
by Grt2bOutdoors
Thu Apr 01, 2021 7:34 pm
Forum: Personal Consumer Issues
Topic: Storage Unit Rent Increase
Replies: 32
Views: 2826

Re: Storage Unit Rent Increase

I'm finding so many ways to sell junk these days. I recently went looking for an app that would scan old CDs and DVDs and pay for them. Plenty out there. I've managed to send them 3 wine bottle boxes of these things so far. They also take video games and books. I can see going to Staples to drop of...
by Grt2bOutdoors
Thu Apr 01, 2021 7:32 pm
Forum: Personal Consumer Issues
Topic: Storage Unit Rent Increase
Replies: 32
Views: 2826

Re: Storage Unit Rent Increase

stocknoob4111 wrote: Thu Apr 01, 2021 7:31 pm I don't quite get the economics of storage, is paying all that money monthly worth the what is in the unit which is rapidly depreciating anyway?
Not everything depreciates - and one man's junk is another's treasure, treasure they would pay handsomely for.
by Grt2bOutdoors
Thu Apr 01, 2021 7:30 pm
Forum: Personal Investments
Topic: Large sum -- to DCA or not to DCA?
Replies: 120
Views: 9280

Re: Large sum -- to DCA or not to DCA?

I don't see a benefit to DCA in your situation just lump sum it and let it grow. I agree and while I haven't seen it posted on the other responses yet, the OP should consider his holdings he has now. That pot of monies diversified into equities and bonds is a lump sum, so for those thinking that DC...
by Grt2bOutdoors
Thu Apr 01, 2021 7:20 pm
Forum: Non-US Investing
Topic: View on dividend growth stocks and REITs
Replies: 15
Views: 1593

Re: View on dividend growth stocks and REITs

I am reading Burton Malkiel’s book and he mentioned dividend growth stocks in bonds and bonds substitutes as part of the AA. With bond yields being low, this comes to my mind. What is general bogleheads’ view on dividend growth stocks? If something worth to be part of the AA, what are some good div...
by Grt2bOutdoors
Thu Apr 01, 2021 7:11 pm
Forum: Personal Consumer Issues
Topic: Will building material costs return to Earth? Bonus (?): Deck Material Selection
Replies: 25
Views: 3132

Re: Will building material costs return to Earth? Bonus (?): Deck Material Selection

Building costs, labor and materials, are not going down. Sometimes they lag or slow down, though not in a long while. Composite for your deck given your conditions. For a long time, the only way to significantly lower project costs is to change design and/or materials used. j🌺 Good luck finding the...
by Grt2bOutdoors
Thu Apr 01, 2021 7:04 pm
Forum: Personal Consumer Issues
Topic: Storage Unit Rent Increase
Replies: 32
Views: 2826

Re: Storage Unit Rent Increase

I'm finding so many ways to sell junk these days. I recently went looking for an app that would scan old CDs and DVDs and pay for them. Plenty out there. I've managed to send them 3 wine bottle boxes of these things so far. They also take video games and books. I can see going to Staples to drop of...
by Grt2bOutdoors
Thu Apr 01, 2021 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Taking on more Debt for an Internship
Replies: 15
Views: 1073

Re: Taking on more Debt for an Internship

I would be looking for a different internship if this was an unpaid internship especially if you had to move and pay for everything yourself. Most unpaid internships are just companies looking for someone to do some cheap labor for them vs. truly wanting to hire the person in the future. I recall b...
by Grt2bOutdoors
Thu Apr 01, 2021 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Taking on more Debt for an Internship
Replies: 15
Views: 1073

Re: Taking on more Debt for an Internship

Ironic, it's April 1st, April Fool's day for others, we are being asked a personal financial planning question by a future practitioner of the science. Assuming this is not a troll post, what would a CFP think of offering an unpaid internship to a fellow future member of the industry? Seems fishy to...
by Grt2bOutdoors
Thu Apr 01, 2021 10:28 am
Forum: Personal Consumer Issues
Topic: Storage Unit Rent Increase
Replies: 32
Views: 2826

Re: Storage Unit Rent Increase

around me they are building storage units like wildfire, unsure why. I get the usefulness on occasion, but not sure where the need is deriving from. I mean, its a lot of them. It is amazing. The self-storage industry rakes in nearly $40 billion per year. There is literally enough rentable storage s...
by Grt2bOutdoors
Wed Mar 31, 2021 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO Umbrella: Significant Increase in Premium
Replies: 98
Views: 11460

Re: GEICO Umbrella: Significant Increase in Premium

My wild guess on why premiums are rising: the insurer deliberately mispriced their offering to build a book of business but now is reversing course to lower their overall expense ratio lower than 100, expenses above 100 denotes operating at a loss. Cost of defending is going up and bond yields are d...
by Grt2bOutdoors
Wed Mar 31, 2021 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Nd help deciphering my mother's intentions in re: Series EE Savings Bonds in my mother's Safety Deposit Box
Replies: 19
Views: 1675

Re: Nd help deciphering my mother's intentions in re: Series EE Savings Bonds in my mother's Safety Deposit Box

I am a co-trustee on my 82 year old mom's revocable trust (which holds 95% of her assets) and as such I help keep track of her finances, investments' cost basis, passwords, maturity dates, etc. Some things she remembers well and other things (investments, people, vacations, etc.) she has no recolle...
by Grt2bOutdoors
Tue Mar 30, 2021 9:55 am
Forum: Personal Consumer Issues
Topic: Fidelity Study on Retirement
Replies: 18
Views: 2058

Re: Fidelity Study on Retirement

I found this study answer very troubling: How much to withdraw in retirement 28% said that financial experts would recommend a withdrawal rate of 10 to 15% of retirement savings every year, a withdrawal rate that would use up one’s retirement savings quickly. Withdrawing that amount would be far ab...
by Grt2bOutdoors
Mon Mar 29, 2021 9:27 pm
Forum: Personal Investments
Topic: I Bond Sell Strategy
Replies: 82
Views: 6959

Re: I Bond Sell Strategy

There is an annual limit of 10k one can purchase. Let's add tax refunds and say 15k. Before then, I think until 2002, or so the limit was 30k. Anyways, average interest rate on those bonds has been not much more than 7% (I'm talking the initial issues at ~3.5% rate), much lower for later issues. 7%...
by Grt2bOutdoors
Mon Mar 29, 2021 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement advice for Mom: Pension or Lump Sum on Inherited Pension?
Replies: 8
Views: 742

Re: Retirement advice for Mom: Pension or Lump Sum on Inherited Pension?

The lump sum can be rolled over to a traditional IRA... does this have any tax benefit versus any of the annuity options? Or is that something that will be an issue once RMDs take effect? It will taxed at the federal level based on the amounts withdrawn each year. It appears PA does not tax withdra...
by Grt2bOutdoors
Mon Mar 29, 2021 4:45 pm
Forum: Personal Investments
Topic: Windfall/Inheritance Planning Help Request
Replies: 17
Views: 1465

Re: Windfall/Inheritance Planning Help Request

Flora wrote: Mon Mar 29, 2021 4:39 pm What do you mean when you say 'take a tax hit' for reallocating beneficiary IRA?
He means taking it out in one lump sum, making it immediately taxable.