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Re: Contributing too much to 457?

Wife (26)- State government worker, Husband, myself (27)- City government worker, ... Ps. We both have defined benefit retirement plans, but retirement is too far away to rely on these. Any advice would be greatly appreciated! My advice is not to disregard your state and city DB plans. You may not ...
by Allan12
Wed Jul 09, 2014 9:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Contributing too much to 457?
Replies: 6
Views: 370

Re: Contributing too much to 457?

Not sure about your general question, but curious as to why you chose Target 2060 for the roth ira....wouldn't that put you at roughly 72? Yes, and ideally we will be retired in our late 50's. However, I love the idea of the target date funds, but I also want the most aggressive position possible, ...
by Allan12
Wed Jul 09, 2014 9:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Contributing too much to 457?
Replies: 6
Views: 370

Contributing too much to 457?

Wife (26)- State government worker, contributes 10% to 457, makes 60k, increases roughly $2k a year Husband, myself (27)- City government worker, contributes 15.5% to 457, makes 50k, will double in 4 years Mortgage, 309k @ 3.625%, 28 years remaining, pay $300 towards principle every month Roth IRAs ...
by Allan12
Wed Jul 09, 2014 8:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Contributing too much to 457?
Replies: 6
Views: 370

Re: No medical exam term life

Looking for my father, who is against a paramed/medical exam.
by Allan12
Sat Mar 29, 2014 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: No medical exam term life
Replies: 4
Views: 389

No medical exam term life

Are there any companies offering no medical exam term life?

I remember hsbc used to offer around 200,000 with no medical exam, but I couldn't seem to find any information about that.

I am looking for less than $500,000 for a 10 to 20 year period for pension maximization.
by Allan12
Sat Mar 29, 2014 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: No medical exam term life
Replies: 4
Views: 389

Re: Guaranteed 7% return too good to be true??

Yes, the current rate is 7%. Have a relative that is a NYC teacher. My thought is to max out the TDA with as much as possible guaranteed at 7% and reevaluate the next time the rate changes, if it does. The TDA is also great since if you retire at 55, you can withdraw without a penalty, since you sep...
by Allan12
Sat Mar 01, 2014 10:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Guaranteed 7% return too good to be true??
Replies: 19
Views: 3183

Re: Leased a Civic, Need Something Bigger

I've heard in passing the idea of taking over a lease.

In this case I am very interested, maybe it could work out for both of us?

If not, you can probably return it towards a new lease after explaining your situation. Of course they are going to make money on the deal.

I sent you a pm.
by Allan12
Tue Feb 18, 2014 7:13 pm
 
Forum: Personal Consumer Issues
Topic: Leased a Civic, Need Something Bigger
Replies: 14
Views: 1292

Re: Becoming a CFP . . .

I completed the courses through American College but never took the exam. I certainly have the experience requirement. I would not recommend getting securities licenses if you don't want to "sell" investments. You will still be able to help clients with financial planning but you can't se...
by Allan12
Wed Jan 01, 2014 8:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Becoming a CFP . . .
Replies: 28
Views: 2227

Re: Cash in Your Wallet

I very rarely carry more than $5, living in nyc.

Edit..main reason is to have all credit transactions for mint.
by Allan12
Sat Dec 28, 2013 3:28 pm
 
Forum: Personal Consumer Issues
Topic: Cash in Your Wallet
Replies: 93
Views: 4313

Re: Heating/Air conditioning/ "Set back" thermostat strategy

I am not too sure of the specifics regarding thermostats, but I do know that I switched to the nest thermostat and it's really helped my heating/ac become super efficient, pretty much without me ever touching it.
by Allan12
Mon Dec 23, 2013 8:19 am
 
Forum: Personal Consumer Issues
Topic: Heating/Air conditioning/ "Set back" thermostat strategy?
Replies: 54
Views: 3796

Re: Vanguard Target Retirement 2055 (VFFVX) Opinion

I think you are making a great choice. I've been a dedicated boglehead for just about a year, and previously employed the 3 fund portfolio. However, between managing my wife's and my own, I found it too time consuming. I recently switched our Roth IRAs to target date 2060, to match our risk toleranc...
by Allan12
Sun Dec 15, 2013 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target Retirement 2055 (VFFVX) Opinion
Replies: 19
Views: 1811

Re: Finishing a Basement

How does Tyroc compare to DRIcore?
by Allan12
Wed Dec 04, 2013 4:33 pm
 
Forum: Personal Consumer Issues
Topic: Finishing a Basement
Replies: 30
Views: 2297

Re: Need help - TDA with 7%=bonds? REITs?

My wife is a participant in the nys deferred comp plan, (http://nysdcp.com).

Where is the 7% guaranteed option? Can't find much intimation on it
by Allan12
Sun Nov 24, 2013 10:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help - TDA with 7% plus?
Replies: 12
Views: 1384

Re: Why I will use Target Retirement for the foreseeable fut

I am a big believer in this strategy as well. I've been in the 3 fund portfolio for about a year, but never rebalanced due to not having the time/confusion. How would one such as myself switch Roth IRAs from 3 fund to target date 2060? Can I simply do an exchange to avoid risk of being out of the ma...
by Allan12
Thu Nov 21, 2013 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why I will use Target Retirement for the foreseeable future.
Replies: 38
Views: 3717

Re: 1 Yr Progress, VTTSX going Forward

That's very helpful, extremely helpful actually! Truthfully, I would like to proceed without the target date fund, but want a clearer understanding of my true allocation. So my allocation is essentially: 42% vtsax 27% international 20% S&P 500 or vfinx hypothetically 6% extended market 5% bonds ...
by Allan12
Fri Oct 25, 2013 8:47 am
 
Forum: Investing - Help with Personal Investments
Topic: 1 Yr Progress, VTTSX going Forward
Replies: 10
Views: 1193

Re: 1 Yr Progress, VTTSX going Forward

His 401k. 20% of Total Portfolio. 100% S&P 500. Her Roth IRA. 30% of Total Portfolio. 17% vbmfx. Vanguard total bond market index fund investor shares 83% vtsax. Vanguard total stock market index fund admiral shares His Roth IRA. 50% of Total Portfolio. 12% vexmx. Vanguard extended market index ...
by Allan12
Thu Oct 24, 2013 5:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: 1 Yr Progress, VTTSX going Forward
Replies: 10
Views: 1193

Sell overlapping Extended Market Fund

Allan: Is your Extended Market Fund in a taxable account? If so, what is it's capital-gain or loss? It's in my Roth IRA. I would hold onto it to complement the 500 Index Fund in your taxable account. Suggestion: If you list the percentage of each fund in your TOTAL portfolio (not within accounts) it...
by Allan12
Thu Oct 24, 2013 5:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: 1 Yr Progress, VTTSX going Forward
Replies: 10
Views: 1193

Re: 1 Yr Progress, VTTSX going Forward

Taylor,

Thank you for your advice!

I am a big fan of the 3 fund portfolio, however, I have about 10% of my portfolio in vanguard extended market index fund (inv). Should I sell out of that and adjust my contributions going forward?
by Allan12
Thu Oct 24, 2013 2:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: 1 Yr Progress, VTTSX going Forward
Replies: 10
Views: 1193

1 Yr Progress, VTTSX going Forward

27 years old, and luckily found this forum (awesome resource) last year. Currently have low six figure portfolio comprised of 5 vanguard mutual funds, that I contribute to bi-weekly. This strategy for my Roth IRA will remain in place going forward. 96% stocks (68% lg cap, 23% mid cap, 9% small cap, ...
by Allan12
Thu Oct 24, 2013 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: 1 Yr Progress, VTTSX going Forward
Replies: 10
Views: 1193

Re: UPDATE-10.16 VERY High Student Loans: Invest in 401K or

What I didn't realize about sofi is the limited amount of schools.

Unfortunately, I called them up and my school wasn't listed.
by Allan12
Fri Oct 18, 2013 7:02 am
 
Forum: Personal Finance (Not Investing)
Topic: UPDATE-10.16 VERY High Student Loans: Invest in 401K or Not?
Replies: 39
Views: 3988

Re: VERY High Student Loans: Invest in 401K or Not?

UPDATE: After hearing of the anecdotal evidence in this thread about Sofi, I decided to try to refi my student loans with them. I was approved, sent in all of the paperwork, and signed the loan documents today. My fixed rate 7.35% student loan is becoming a variable 2.93% (LIBOR + 2.75%), on a ten-...
by Allan12
Thu Oct 17, 2013 12:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: UPDATE-10.16 VERY High Student Loans: Invest in 401K or Not?
Replies: 39
Views: 3988

Re: Home security ideas

Hello all, We have had a spate of burglary attempts in our neighborhood- 1 successful and 3 attempted. All during the daytime. 2 (maybe 3) were when no one was at home, 1 with someone inside (the guys, knocked on the door and acted like they were service reps coming in to fix something in the house...
by Allan12
Tue Oct 15, 2013 7:35 pm
 
Forum: Personal Consumer Issues
Topic: Home security ideas
Replies: 31
Views: 2147

Re: Is 3D tv better for Non-3D viewing?

I am by no means an expert on tv's or electronics, just an average user.

I have a 3D TV and have only used it handful of times, mainly the kids love it!

I do think the picture is better than tv's without 3D.

However, if I had to buy a new tv I would skip the 3D.
by Allan12
Sat Oct 05, 2013 4:19 pm
 
Forum: Personal Consumer Issues
Topic: Is 3D tv better for Non-3D viewing?
Replies: 9
Views: 844

Whole Life to Term Insurance

I am 27 years old, married with no kids, but $320k mortgage. I have $400,000 of whole life insurance, broken down into 4, $100,000 policies. I am trying to switch over from perm to term. I was approved for 500k term 30 with William Penn. I plan on having kids in the near future and will take out add...
by Allan12
Thu Oct 03, 2013 7:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Whole Life to Term Insurance
Replies: 1
Views: 175

Re: Mouse in House

A timely thread - I've caught 6 mice in the last 2 days. Before this, I had never seen a mouse in my house in my life. It may be because a construction company just clear cut a nearby forest. Scary how quickly and how often mice can reproduce...4 of the 6 were babies. They get EVERYWHERE! Ughhhh, a...
by Allan12
Wed Oct 02, 2013 8:24 pm
 
Forum: Personal Consumer Issues
Topic: Mouse in House
Replies: 50
Views: 3311

Re: Mouse in House

We found a dead one in the basement a few weeks ago and the wife freaked out. When it comes to pests I tend to find that attacking the issue pretty aggressively with peremiter and interior treatments is best to nip it in the bud quickly. I put down a bunch of spring loaded traps baited with peanut ...
by Allan12
Mon Sep 30, 2013 6:58 am
 
Forum: Personal Consumer Issues
Topic: Mouse in House
Replies: 50
Views: 3311

Re: Mouse in House

Was the mouse gray or brown? Gray - house mouse, brown - field mouse. Either way, they love peanut butter, so you could set traps with that. I prefer the poison blocks previously mentioned. These green blocks (various manufacturers) make the animals thirsty and they leave your house searching for w...
by Allan12
Sun Sep 29, 2013 8:34 pm
 
Forum: Personal Consumer Issues
Topic: Mouse in House
Replies: 50
Views: 3311

Re: Mouse in House

Traps work but you have to place them where the mice run, and I discovered that I'm not very good at thinking like a mouse: of the dozen or so traps I laid out only one location ever caught any mice, but that one worked repeatedly. For what it's worth, that was under the stove all the way back, len...
by Allan12
Sun Sep 29, 2013 8:22 pm
 
Forum: Personal Consumer Issues
Topic: Mouse in House
Replies: 50
Views: 3311

Re: Mouse in House

I'm curious what you are looking for when you watch you kitchen security video. I've never heard of such a practice. Mice in small numbers are harmless. If there are particular places you really don't want them, just put traps there and you'll be OK. Basically the camera is in a location that monit...
by Allan12
Sun Sep 29, 2013 3:44 pm
 
Forum: Personal Consumer Issues
Topic: Mouse in House
Replies: 50
Views: 3311

Re: Mouse in House

Cleanliness (dirt) has nothing to do with attracting animals. It's either the food source or they're looking for a new place to live. I'm betting the new construction disturbed their home and they've moved to a a new location. IOW, they were already living in (or just to the outside of) your house....
by Allan12
Sun Sep 29, 2013 3:40 pm
 
Forum: Personal Consumer Issues
Topic: Mouse in House
Replies: 50
Views: 3311

Mouse in House

Hello all, Been living in a house for two years, and my security camera saw a mouse run in front of it on Friday night in our kitchen. I don't check the tapes every night, so I could've missed previous instances. Never saw a mouse before even during the winter. Naturally, we are very upset because i...
by Allan12
Sun Sep 29, 2013 2:21 pm
 
Forum: Personal Consumer Issues
Topic: Mouse in House
Replies: 50
Views: 3311

Re: 9 Month Progress- Portfolio Review/Thoughts

abuss368 wrote:Most investors hold at least 20% in bond funds.

This provides "dry powder" as Jack Bogle so often notes for the downturns to rebalance (along with new funds) into equities.


Yup, I've always thought that 10% is acceptable for an aggressive investor?
by Allan12
Thu Sep 05, 2013 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: 9 Month Progress- Portfolio Review/Thoughts
Replies: 5
Views: 705

Re: 9 Month Progress- Portfolio Review/Thoughts

One option you could consider is to invest in an all in one Target Retirement Fund from Vanguard. These funds are simple, low costs, diversified, and automatically rebalanced daily. Vanguard recently did add Total International Bond Index to the Target series which I am not to thrilled with, but ov...
by Allan12
Thu Aug 29, 2013 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: 9 Month Progress- Portfolio Review/Thoughts
Replies: 5
Views: 705

9 Month Progress- Portfolio Review/Thoughts

Always had the boglehead mind frame when it came to savings. However, at the beginning of the year I began following the bogleheads investing advice. We are 27 and 25, and trying to very aggressive given our long time horizon to retirement. 96% stocks, 4% bonds. However, after spending much time on ...
by Allan12
Thu Aug 29, 2013 1:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: 9 Month Progress- Portfolio Review/Thoughts
Replies: 5
Views: 705

Re: Install In-Ground Sprinklers?

I would encourage you to check out MP Rotator spray heads (now owned by Hunter) and a smart controller before you pull the trigger on anything else. http://www.hunterindustries.com/irrigation-product/nozzles/mp-rotator I have a Weathermatic SL1600 smart controller, wired Weathermatic weather statio...
by Allan12
Tue Aug 13, 2013 5:57 pm
 
Forum: Personal Consumer Issues
Topic: Install In-Ground Sprinklers?
Replies: 39
Views: 3213

Re: Honda CRV

How about Bay Ridge Honda? It's in Brooklyn, but they do a lot of volume, and I've always gotten good deals from them, and so has many of my friends and family.
by Allan12
Fri Jul 26, 2013 3:47 pm
 
Forum: Personal Consumer Issues
Topic: Honda CRV
Replies: 10
Views: 1087

Re: Part Time CFP/ New Business Idea

I'll echo again, that since you confirmed this is really part time (income wise as well) that's about the best arrangement for a planner since it means low fees for investors. Agreed e&o insurance is a decent idea, will maybe run 500-1000 yr (guessing). You can buy planning software if you want...
by Allan12
Fri Jul 05, 2013 5:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Part Time CFP/ New Business Idea
Replies: 19
Views: 1474

Re: Part Time CFP/ New Business Idea

I agree with Rick Ferri---Go for it. With an MBA, business experience and a CFP you should be a great financial advisor/planner. If you have 4 of the 6 segments done finish it! I have been fascinated for several years on becoming a CFP as a personal achievement but when I investigated it and saw th...
by Allan12
Thu Jul 04, 2013 8:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Part Time CFP/ New Business Idea
Replies: 19
Views: 1474

Re: Part Time CFP/ New Business Idea

If you have the vision and a good market niche, then it sounds great. Go for it! Municipal workers, I'm guessing, are undeserved so if you're the go to guy/gal that group uses, 1) your skill set will continue to improve and 2) your name recognition will grow. And if this is part time and making mon...
by Allan12
Thu Jul 04, 2013 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Part Time CFP/ New Business Idea
Replies: 19
Views: 1474

Re: Part Time CFP/ New Business Idea

How would you charge for your services -- hourly rate, by project, e.g., $x to prepare financial plan, etc. or as a percentage of total assets? How willing and able would your target clientele be to pay for these services? Your subject heading says "Part Time" and you mention in your OP t...
by Allan12
Thu Jul 04, 2013 1:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Part Time CFP/ New Business Idea
Replies: 19
Views: 1474

Re: Part Time CFP/ New Business Idea

I considered this as a post retirement venture but decided against it because I felt it would take too long and would be hard to build a good customer base. Why will people come to you as opposed to people who have been doing this for many years? If you are able to attract workers from local govt w...
by Allan12
Thu Jul 04, 2013 1:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Part Time CFP/ New Business Idea
Replies: 19
Views: 1474

Re: Part Time CFP/ New Business Idea

100% right. I should have been clearer. I have access to family members that are CPAs that can assist if needed. However, I am not planning on doing anything beyond helping a city worker learn about deductions, and benefits of 401ks, iras, etc. I want to help people out, and pursue my hobby focusing...
by Allan12
Thu Jul 04, 2013 7:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Part Time CFP/ New Business Idea
Replies: 19
Views: 1474

Part Time CFP/ New Business Idea

All, I am passionate about personal finance (as many of us are). I am really thinking about becoming a CFP and starting a small tax, consulting business out of my house. I am interested in attracting a niche of municipal workers. I no longer work in finance, but I have the work experience requiremen...
by Allan12
Thu Jul 04, 2013 5:50 am
 
Forum: Personal Finance (Not Investing)
Topic: Part Time CFP/ New Business Idea
Replies: 19
Views: 1474

401k contribute 100% of salary?

I currently work a part time job in addition to a full time job. My part time job offers a 401k with Fidelity, without any matching. This money is used for savings only. I am currently ineligible to contribute to my 401k at my full time job for another 6 months. In the mean time, I was wondering if ...
by Allan12
Sat Jun 29, 2013 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401k contribute 100% of salary?
Replies: 3
Views: 1289

Re: What age did you reach 100K networth?

Thx for input. Zillow is giving me a value that's around $15k off what I believe I can sell my house for tomorrow as is,

Therefore, I'll use zillow since its imported into mint.
by Allan12
Wed Jun 26, 2013 8:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 33770

Re: What age did you reach 100K networth?

At 24 years old according to mint.

Quick question, when I include my home into net worth what number should I use for valuation?

Chase home values, zillow, appraised value last year, purchased price, market price, etc?

Obviously not a big deal just always curious what others use.

-A
by Allan12
Wed Jun 26, 2013 5:48 am
 
Forum: Personal Finance (Not Investing)
Topic: What age did you reach 100K networth?
Replies: 264
Views: 33770

Re: Lease vs Buying a Car

I always lease. Unless you are going to keep a car for 10+ years, leasing should work out better. In NJ, if you buy a car you pay 7% tax on the whole thing. On a lease, you only pay tax on the part of the car that is leased, so something like 1/3 the value of the car. Just make sure you try to lowe...
by Allan12
Mon Jun 17, 2013 8:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buying a Car
Replies: 33
Views: 2744

Re: Poll: How much cash do you carry?

I often find myself with no cash at all. Almost everywhere takes card, I get points for using card, reduced liability vs. cash if lost/stolen, and easier to track spending on Mint Exactly. I try to have a few ones in there for valet when I need it, but otherwise am often cashless. I'm too anal abou...
by Allan12
Thu Jun 13, 2013 4:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: How much cash do you carry?
Replies: 103
Views: 5696

Re: Republic Wireless - $19 per month, unlimited everything

I'm trying to reduce my monthly spending to be able to save more. I came across Republic Wireless , which boasts $19 per month for unlimited calls, texts and data - and no contract. Has anyone heard of them? The only "catch" seems to be that you have to use it with the phone that comes wi...
by Allan12
Tue Jun 11, 2013 3:56 pm
 
Forum: Personal Consumer Issues
Topic: Republic Wireless - $19 per month, unlimited everything
Replies: 7
Views: 1064

Re: Lets get rid of car dealerships

Very recently I bought a new car for my wife using " Fighting Chance " technique. It works; I recommend it to anyone buying a new car. I didn't have to negotiate with any salesperson at all, and the whole process took less than two days. When we made the decision to buy the car from the s...
by Allan12
Mon Jun 10, 2013 6:56 pm
 
Forum: Personal Consumer Issues
Topic: Lets get rid of car dealerships
Replies: 58
Views: 4561
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