Search found 23179 matches

by Grt2bOutdoors
Wed Apr 21, 2021 4:49 pm
Forum: Personal Investments
Topic: I Bonds for a minor
Replies: 10
Views: 528

Re: I Bonds for a minor

Thank you all for the replies. I already created a minor linked account, but wanted to get some opinions on here before actually pulling the trigger. I realize that a stock fund such as VTI is likely to provide higher growth over the long-term, but at this point I'm mainly interested in a safe inve...
by Grt2bOutdoors
Wed Apr 21, 2021 4:44 pm
Forum: Personal Investments
Topic: I Bonds for a minor
Replies: 10
Views: 528

Re: I Bonds for a minor

Are you suggesting I could get up to $1100 in tax free interest with an account in my minor son's name? But how would i force turbotax to produce a return for him. He is a dependent on mine. You file a tax return for him. You can't "force" turbotax to produce a return for him based on you...
by Grt2bOutdoors
Wed Apr 21, 2021 4:41 pm
Forum: Personal Investments
Topic: Retirement Spend Down
Replies: 9
Views: 807

Re: Retirement Spend Down

aristotelian wrote: Wed Apr 21, 2021 2:53 pm Delay the pension and SS as long as possible. Maximize Roth conversions now, possibly up to the top of the 22% bracket. Spend down the taxable while you are doing the Roth conversions. What is your annual spending?
They need $144k. Converting to Roth doesn’t help their current spend.
by Grt2bOutdoors
Wed Apr 21, 2021 11:17 am
Forum: Personal Investments
Topic: I Bonds for a minor
Replies: 10
Views: 528

Re: I Bonds for a minor

It yields better than a savings account but for real growth I would suggest looking into buying VTI or vtsax the mutual fund equivalent of VTI. If you do buy the I bond, it will be held in a minor linked account, at age 18, Treasury Direct will convert it to the child’s own account. If you do redeem...
by Grt2bOutdoors
Wed Apr 21, 2021 9:38 am
Forum: Investing - Theory, News & General
Topic: Any Reason to NOT max out I Bonds and EE Bonds
Replies: 58
Views: 4941

Re: Any Reason to NOT max out I Bonds and EE Bonds

Series I are presently the best indexed bond option available. If one wants inflation-indexed bonds in their portfolio, I can't see a reason not to have them on top of the shopping list. On the other hand, Series EE are not such a good option at all. Their running interest is close to zero. One can...
by Grt2bOutdoors
Wed Apr 21, 2021 9:35 am
Forum: Investing - Theory, News & General
Topic: Any Reason to NOT max out I Bonds and EE Bonds
Replies: 58
Views: 4941

Re: Any Reason to NOT max out I Bonds and EE Bonds

The only salvation from a rotten investment would be the 3.5% bonus at the stroke of 20-years. 20 years are an extremely long time and 3.5% ain't such a jackpot. What, if 10 years from now interests have considerably risen ? One would have already missed out on the interest differential (about 0.6%...
by Grt2bOutdoors
Tue Apr 20, 2021 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Young Twenties Seeking Financial Independence
Replies: 35
Views: 2321

Re: Young Twenties Seeking Financial Independence

Read The Millionaire Next Door - the lessons are timeless. Be a PAW, not an UAW. 1. Focus on career. Your income shovel is your biggest lever in accumulating wealth. 2. Play offense and defense with your earnings. Invest your money in broad based index funds - your human capital is large (many years...
by Grt2bOutdoors
Tue Apr 20, 2021 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: How Long Would You Stay in a Boring Government Job?
Replies: 104
Views: 5786

Re: How Long Would You Stay in a Boring Government Job?

But can you live on 75-80k? Your lifestyle right now is $150k. You have an easy 8-4 gig, I’d keep it. Other jobs will not come so easy, either time consuming or other forms of aggravation.
by Grt2bOutdoors
Sun Apr 18, 2021 7:38 am
Forum: Personal Consumer Issues
Topic: Indestructible ants?
Replies: 22
Views: 2036

Re: Indestructible ants?

Multi prong attack: Terro ant baits where the ant trail into your house is. Ant traps at the base of wall. Outside the home, lay down a perimeter of Amdro Ant Block, they take the bait back to the nest and kill the colony. Spray with Ortho Home Defense Spray. Caulk openings if you can find them.
by Grt2bOutdoors
Sat Apr 17, 2021 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Question About Claiming Son as Dependent
Replies: 37
Views: 2325

Re: Question About Claiming Son as Dependent

I'm not clear on something in regard to whether my wife and I can claim my son as a dependent. He is a 20 year old student going to the local college and living full time with us. We don't charge him rent, and we pay almost all his expenses, including housing, utilities, groceries, most clothes, tu...
by Grt2bOutdoors
Sat Apr 17, 2021 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Accessing College Financial Aid for Higher Income Households
Replies: 18
Views: 945

Re: Accessing College Financial Aid for Higher Income Households

There’s a saying: If you ever need a helping hand, it’s at the end of your arm. You are a planner, you are asking questions first, so for high income earners who don’t know if their child will or will not be academically or athletically gifted, save, start saving now. Figure on saving 1/2 the cost o...
by Grt2bOutdoors
Fri Apr 16, 2021 11:53 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - How America Invests
Replies: 28
Views: 3294

Re: Vanguard - How America Invests

Vanguard households trade infrequently Fewer than one-quarter of Vanguard households trade in any given year, and those that do typically only trade twice. Most traders’ behavior is consistent with rebalancing or is professionally advised... Trading and product holdings are correlated: Households w...
by Grt2bOutdoors
Fri Apr 16, 2021 11:16 pm
Forum: Personal Investments
Topic: Storing cash balance during dollar cost averaging
Replies: 9
Views: 992

Re: Storing cash balance during dollar cost averaging

Moving money into the market using dollar cost averaging over next 12 months (I know, there's some debate over whether this makes mathematical sense, but with the market at an all-time high, figured it might make sense). Given this, need to find a good place for the second half for 6 months and am ...
by Grt2bOutdoors
Fri Apr 16, 2021 11:11 pm
Forum: Investing - Theory, News & General
Topic: Beginning to evaluate the holdings of Vanguard Target Retirement Funds
Replies: 138
Views: 8465

Re: Beginning to evaluate the holdings of Vanguard Target Retirement Funds

The purpose of a target dated fund is: 1) professional management 2) all-in-one asset allocation based on investment managements foresight for the best risk adjusted expected returns over the investment horizon and the objectives of the fund itself 3) not to time the market (emphasis added) Another...
by Grt2bOutdoors
Fri Apr 16, 2021 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to keep 30 year term life insurance?
Replies: 34
Views: 2711

Re: Does it make sense to keep 30 year term life insurance?

I was searching the site and came to this post. I have similar situation and thinking about cancelling our term life. My son just got a full ride to college. We got 1.2m in retirement. Enough in cash to pay house off. It seems to make sense that we are pretty safe and can cancel our term life insur...
by Grt2bOutdoors
Thu Apr 15, 2021 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Kiddie Tax Misc 2021
Replies: 10
Views: 752

Re: Kiddie Tax Misc 2021

Read a bunch of threads on the Kiddie Tax. I want to see if this is an accurate understanding. Please correct any misunderstandings... For UMTA accounts... - why does one need to use an UTMA account (instead of just a brokerage account for the child)? - money can transferred into the parent's check...
by Grt2bOutdoors
Thu Apr 15, 2021 10:09 pm
Forum: Investing - Theory, News & General
Topic: Take out margin to buy IBonds
Replies: 30
Views: 1920

Re: Take out margin to buy IBonds

I have taxable account with IB where margin rate on 10k would be 1.57% and the current rate for IBonds is 1.68% so right now I would agree it’s about even and not worth the hassle, but if I bond rates go up on May 1st would it be worthwhile to utilize margin? That's like $10/year. There's no amount...
by Grt2bOutdoors
Thu Apr 15, 2021 10:00 pm
Forum: Investing - Theory, News & General
Topic: Why Does Anyone Listen To Paul Merriman?
Replies: 87
Views: 8410

Re: Why Does Anyone Listen To Paul Merriman?

First of all, investing is a marathon, a long term horizon, a 15 year look back is nothing, check back in thirty years. Second, he's not advocating for all small value, its just a tilt to small value and the amount of the tilt is dependent upon the investor's total equity allocation. Third, he's a n...
by Grt2bOutdoors
Thu Apr 15, 2021 7:11 pm
Forum: Investing - Theory, News & General
Topic: Coinbase IPO - anyone tempted?
Replies: 197
Views: 13365

Re: Coinbase IPO - anyone tempted?

I like how smart contracts eliminate counterparty risk, but all it takes is an error in the code and any assets locked in the contract could be lost. So they don't eliminate counterparty risk. Or I guess they just replace that risk with another one that could be even worse (although maybe less like...
by Grt2bOutdoors
Thu Apr 15, 2021 7:07 pm
Forum: Investing - Theory, News & General
Topic: Coinbase IPO - anyone tempted?
Replies: 197
Views: 13365

Re: Coinbase IPO - anyone tempted?

I also think Coinbase will transform themselves into a major player in finance and banking. They can offer 10% variable interest rates now in dollars (USDC) if they start to partner with decentralized players like Aave. I think more and more Americans would be quite interested to earn 10% on their ...
by Grt2bOutdoors
Thu Apr 15, 2021 6:58 pm
Forum: Investing - Theory, News & General
Topic: Take out margin to buy IBonds
Replies: 30
Views: 1920

Re: Take out margin to buy IBonds

yes but will you get margin call if it drops 15-20% ? With 10k more of margin it would require about a 65% stock drawdown to get margin call using a 35% maintenance margin requirement (it’s currently only 25%) 65% drop is also a possibility , just not sure when . 0.1% of 10k is only few $ . The spr...
by Grt2bOutdoors
Thu Apr 15, 2021 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 482
Views: 31009

Re: "Nobody's ever regretted paying off the mortgage."

Why would someone regret it if: 1) mortgage rate pre-tax or after-tax exceeded the returns on fixed income; 2) paying it down enabled them to either accelerate the payoff at the time of borrowers choosing or reduce liability 3) provided emotional comfort that could not be provided more cheaply 4) th...
by Grt2bOutdoors
Thu Apr 15, 2021 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 482
Views: 31009

Re: "Nobody's ever regretted paying off the mortgage."

eye.surgeon wrote: Wed Apr 14, 2021 11:08 pm Because my kids don't sleep in my taxable account.
I like this post.
by Grt2bOutdoors
Thu Apr 15, 2021 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 482
Views: 31009

Re: "Nobody's ever regretted paying off the mortgage."

I do not pay off my mortgage because that would be tying up too much of my net worth into my house. If my $2M house ever becomes an insignificant part of my net worth, I would be happy to pay it off. This is a good point, too. How much is too much? Obviously subjective. Right now our net worth is p...
by Grt2bOutdoors
Thu Apr 15, 2021 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 186
Views: 11885

Re: First child entering college in the fall... need some advice

Upward mobility is important to many of us, but not to all of us. For those of us to whom it matters, the pathways are vastly different. OP attended a really good school, OP's spouse attended a good school, and they've got good jobs and a comfortable lifestyle. They have an ultra-bright and talente...
by Grt2bOutdoors
Thu Apr 15, 2021 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 482
Views: 31009

Re: "Nobody's ever regretted paying off the mortgage."

I do not pay off my mortgage because that would be tying up too much of my net worth into my house. If my $2M house ever becomes an insignificant part of my net worth, I would be happy to pay it off. This is a good point, too. How much is too much? Obviously subjective. Right now our net worth is p...
by Grt2bOutdoors
Thu Apr 15, 2021 10:52 am
Forum: Investing - Theory, News & General
Topic: Coinbase IPO - anyone tempted?
Replies: 197
Views: 13365

Re: Coinbase IPO - anyone tempted?

I also think Coinbase will transform themselves into a major player in finance and banking. They can offer 10% variable interest rates now in dollars (USDC) if they start to partner with decentralized players like Aave. I think more and more Americans would be quite interested to earn 10% on their ...
by Grt2bOutdoors
Thu Apr 15, 2021 10:51 am
Forum: Investing - Theory, News & General
Topic: Coinbase IPO - anyone tempted?
Replies: 197
Views: 13365

Re: Coinbase IPO - anyone tempted?

Vanguard came through and I got some at $381. The valuation isn't extreme if you annualize 1Q results. I expect they'll do big things. Rookie mistake to “annualized” one quarter of profits - that’s how the snake oil salesman snooker people. Reminding myself to revisit this post in 1 year :sharebeer...
by Grt2bOutdoors
Thu Apr 15, 2021 10:50 am
Forum: Investing - Theory, News & General
Topic: Coinbase IPO - anyone tempted?
Replies: 197
Views: 13365

Re: Coinbase IPO - anyone tempted?

I thought one of the great ideals of crypto is that you don't deal with banks and their fees? Is overpaying transaction fees to use a digital "coin" somehow better than using venmo/paypal/etc? I don't understand this and continue to sit by dumbfounded while more people pour money into &qu...
by Grt2bOutdoors
Thu Apr 15, 2021 10:36 am
Forum: Investing - Theory, News & General
Topic: Coinbase IPO - anyone tempted?
Replies: 197
Views: 13365

Re: Coinbase IPO - anyone tempted?

rhoms33 wrote: Wed Apr 14, 2021 12:48 pm Vanguard came through and I got some at $381.

The valuation isn't extreme if you annualize 1Q results.

I expect they'll do big things.
Rookie mistake to “annualized” one quarter of profits - that’s how the snake oil salesman snooker people.
by Grt2bOutdoors
Thu Apr 15, 2021 10:34 am
Forum: Investing - Theory, News & General
Topic: Coinbase IPO - anyone tempted?
Replies: 197
Views: 13365

Re: Coinbase IPO - anyone tempted?

I would buy it if it was $50 and not$250, 5x overpriced. It’s 50x overpriced at $50. Hot take for a company that made $800 million in profits last quarter... But is it sustainable or just a flash in the pan? An $85 billion market cap for a business that may become either heavily regulated or shut d...
by Grt2bOutdoors
Wed Apr 14, 2021 6:10 pm
Forum: Personal Investments
Topic: 401K investment help
Replies: 24
Views: 777

Re: 401K investment help

The expense ratio is not 0.388%. If you took that ratio, it would be $38.80 per thousand. The cost is $3.88 per thousand invested which is to say $3.88/$1000 is 0.0388%. That is pretty darn cheap! FYI - BTC is BlackRock Trust Company. While you don't disclose it, are the target date funds also BTC ...
by Grt2bOutdoors
Wed Apr 14, 2021 6:05 pm
Forum: Investing - Theory, News & General
Topic: Beginning to evaluate the holdings of Vanguard Target Retirement Funds
Replies: 138
Views: 8465

Re: Beginning to evaluate the holdings of Vanguard Target Retirement Funds

The purpose of a target dated fund is: 1) professional management 2) all-in-one asset allocation based on investment managements foresight for the best risk adjusted expected returns over the investment horizon and the objectives of the fund itself 3) not to time the market (emphasis added) Another...
by Grt2bOutdoors
Wed Apr 14, 2021 5:52 pm
Forum: Personal Investments
Topic: 401K investment help
Replies: 24
Views: 777

Re: 401K investment help

I am generally an advocate of investing in the target date funds, since they remove emotional aspect out of investing. They do the daily rebalancing between stocks and bonds, thus they sell high and buy low almost by definition. Then again, 0.388% expense ratio for a target date fund is too high fo...
by Grt2bOutdoors
Wed Apr 14, 2021 5:43 pm
Forum: Personal Investments
Topic: 401K investment help
Replies: 24
Views: 777

Re: 401K investment help

Images are not working for me. Just fixed the images :) It's helpful if you can provide us with the associated expense ratio for each of the fund options listed. You have a good selection of fund choices, so assembling an aggressive portfolio will not be an issue for you. It's just a matter of cost...
by Grt2bOutdoors
Tue Apr 13, 2021 2:23 pm
Forum: Investing - Theory, News & General
Topic: Beginning to evaluate the holdings of Vanguard Target Retirement Funds
Replies: 138
Views: 8465

Re: Beginning to evaluate the holdings of Vanguard Target Retirement Funds

The purpose of a target dated fund is: 1) professional management 2) all-in-one asset allocation based on investment managements foresight for the best risk adjusted expected returns over the investment horizon and the objectives of the fund itself 3) not to time the market Reading your statements -...
by Grt2bOutdoors
Tue Apr 13, 2021 12:16 am
Forum: Investing - Theory, News & General
Topic: What's your definition of "Family Money"?
Replies: 47
Views: 5511

Re: What's your definition of "Family Money"?

1. Inherited money
2. You were given/gifted a significant sum of wealth such that you could not have possibly earned in in the traditional sense
3. You have the unconditional financial backing of family benefactor
by Grt2bOutdoors
Mon Apr 12, 2021 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: How much does your employer sponsered health insurance cost you?
Replies: 43
Views: 2563

Re: How much does your employer sponsered health insurance cost you?

You have zero deductible. That's why your premium has been going up. You also have "great coverage". If you went to healthcare.gov and tried to purchase a similar type plan, how much would it cost you? My guess is your employer is heavily subsidizing your plan but as the costs keep rising ...
by Grt2bOutdoors
Mon Apr 12, 2021 8:16 pm
Forum: Personal Investments
Topic: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?
Replies: 48
Views: 4079

Re: Which would you do with a small windfall? Pay remaining mortgage or 3-fund it?

Burn that mortgage. No question, I'd pay it off. From a financial perspective, no one is offering a bond at 3.66% guaranteed today but you have the opportunity to purchase one with that reallocation of assets from real estate to cash. From an emotional perspective - you owe "no one".
by Grt2bOutdoors
Mon Apr 12, 2021 2:17 pm
Forum: Investing - Theory, News & General
Topic: Another 2.8% SWR Article Quoting Wade Pfau
Replies: 252
Views: 13973

Re: Another 2.8% SWR Article Quoting Wade Pfau

Why stop at 2.8%, do I hear 2%? The account will be larger for the heirs. All these articles do is twist certain people into pretzels, thinking they can never retire or it will never be enough. Don't take an inflation adjusted amount each year and you'll likely be just fine. Not everyone gets a rai...
by Grt2bOutdoors
Mon Apr 12, 2021 2:15 pm
Forum: Personal Investments
Topic: Investing strategy with known future expense
Replies: 26
Views: 1334

Re: Investing strategy with known future expense

That could work but why are you holding tips?
by Grt2bOutdoors
Mon Apr 12, 2021 1:08 pm
Forum: Investing - Theory, News & General
Topic: Another 2.8% SWR Article Quoting Wade Pfau
Replies: 252
Views: 13973

Re: Another 2.8% SWR Article Quoting Wade Pfau

Why stop at 2.8%, do I hear 2%? The account will be larger for the heirs. All these articles do is twist certain people into pretzels, thinking they can never retire or it will never be enough. Don't take an inflation adjusted amount each year and you'll likely be just fine. Not everyone gets a rais...
by Grt2bOutdoors
Mon Apr 12, 2021 1:02 pm
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 955

Re: I Bonds

I am considering buying savings bonds, too. I was thinking to go with EE bonds as they are guaranteed to double in 20 years, which is a ~3.5% annual interest rate. I bonds don't have that guarantee, so are people favoring I bonds because they assume that inflation will be substantial and they will ...
by Grt2bOutdoors
Mon Apr 12, 2021 12:58 pm
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 955

Re: I Bonds

Tipswatch just made another post on ibonds. Rates are looking up: https://tipswatch.com/2021/04/11/inflation-is-heading-higher-will-it-be-a-head-fake The variable rate may end up being higher than the yield on a 30 year treasury! The key to remember here is the I bond is a floating rate note, the 3...
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: 238
Views: 12029

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: 154
Views: 11239

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: 154
Views: 11239

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: 18454

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 ...