Recent content by Kittle2020

I understand now, thanks. After looking at other Vanguard fund options there seem to be ones paying higher dividend %'s (100% bonds), but I assume the Wellesley is preferred b/c it is a balanced fund paying the highest dividend %. This would get him exposed to stocks in a more conservative way.

The wife and I like Giordano's the best. It is a local chain that has locations all over the city and the ones by us are never too crowded. However, I am sure you could get plenty of opinions on this topic. Pizzeria Uno, which Nords mentioned, is definitely a more touristy locale, which can lead...

I should have clarified. He will most likely be a college student for the next 3 off-seasons. When I say live off his bonus, draw enough to live off of (i.e $1,500 month). The remaining $300k+ remaining, he will be able to do a mix of investing, which could focus on CD laddering in the near...

Once again, I appreciate everyone's advice. The monthly salary only occurs during the season. Thus, every year from October - February, he will need to live off of the bonus. For this offseason, he can just set aside what he needs during those 5 months. At the same time, he can set up a CD...

Coach - You are right on with that. Bank5 - It took some adjusting, but we have been on 1/2 income for about 6 months and are doing fine, just obviously not saving as much as we had in the past. But she is definitely happier and thus, this has been worth it to us.

All - Thanks for the input so far. It has been pretty helpful. He is a pretty smart kid, but I just want him to make an educated decision and not get taken advantage of those people "coming out of the woodwork." Some themes I saw....Look into an advisor that charges by the hour, if invest...

My younger brother was fortunate to be a high draft pick in the MLB Draft last week. He is 21 and in addition to receiving a signing bonus of around $500k (pretax), he will be getting his senior year of college paid for when he has time to go back to school. I believe they will pay him half now...

Hello all - I have enjoyed reading different posts on this website due to the wealth of collective knowledge on here. I have finally decided to join, but mainly because I would like some advice for my younger brother (will post in a different topic). I am married with a 9 month old son...