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Re: Contribute to 457?

Going back to your first message, I am seeing you that you provided a marginal tax rate of 33% and you have an implied company match of 6.9% ($15.5K divided by $225K). I also see that you're 48 so 30 years is probably not appropriate, so I changed to 20 years. If I put those #s in (keeping the retir...
by Bfwolf
Tue Aug 05, 2014 12:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 41
Views: 2906

Re: Contribute to 457?

Bubba, That's interesting. I created an Excel spreadsheet to model this impact. These are the inputs I used: Proposed 457 contribution: $17,500 Marginal income tax rate today: 30% Marginal income tax rate in retirement: 30% 403b match rate as a % of salary: 3% Dividend yield: 2% Dividend tax rate: 1...
by Bfwolf
Tue Aug 05, 2014 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 41
Views: 2906

Re: Too many goals - where do I start?

I love the idea of thinking about adding 50% to the cost of things you're buying if you don't take full advantage of the company match. i.e. date night isn't really $120, it's $180. If your husband is making $53K/year (just a guess at half your gross income), then his company match is worth around $...
by Bfwolf
Mon Aug 04, 2014 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Too many goals - where do I start?
Replies: 53
Views: 3861

Re: Barclay Arrival credit card

I know that Barclays Arrival and Fidelity Amex is all the rage around here (and may be, Chase Sapphire too), but one card that gets no respect is Bank of America Travel Rewards (Visa Signature). Ok. It has only 1.5 points on all purchases (no limits), but wait till you hear the whole story. It has ...
by Bfwolf
Mon Aug 04, 2014 1:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Barclay Arrival credit card
Replies: 19
Views: 1256

Re: Business School Loans

I went to get my MBA when I was 24, with less than 3 years of work experience. I was the 2nd youngest person in my class. It was the best decision I ever made. I was making $32K/year with little opportunity for advancement before business school, and $78K/year with lots of opportunity for advancemen...
by Bfwolf
Sun Aug 03, 2014 7:02 pm
 
Forum: Personal Consumer Issues
Topic: Business School Loans
Replies: 8
Views: 1296

Re: International investing. A good call by our mentor.

One of the key Boglehead mantras is diversification. Taylor, you are a very wise man, so why you thought posting Mr. Bogle's message to limit diversification in terms of world stock ownership would be received positively by your fellow Bogleheads escapes me. The fact that Mr. Bogle was correct for t...
by Bfwolf
Sun Aug 03, 2014 6:42 pm
 
Forum: Investing - Theory, News & General
Topic: International investing. A good call by our mentor.
Replies: 145
Views: 12291

Re: Too many goals - where do I start?

Let me come at this from an alternative approach. The first steps is you've got to build up a 6 month emergency fund. That's non-negotiable. Beyond that though, I think some outside the box thinking may help. Your employer match is virtually unheard of. You really need to take advantage of that. Eve...
by Bfwolf
Sun Aug 03, 2014 1:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Too many goals - where do I start?
Replies: 53
Views: 3861

Re: MOM faltering? [Momentum]

I don't know if any of these factors are real or not, but I can at least get my head around the size and growth/value factors. Small companies are risky. Companies that are doing crummy (value companies) are risky. There's no free lunch there--if you invest in those types of companies you are taking...
by Bfwolf
Fri Aug 01, 2014 12:51 am
 
Forum: Investing - Theory, News & General
Topic: MOM faltering? [Momentum]
Replies: 94
Views: 6128

Re: Contribute to 457?

Correct.
by Bfwolf
Thu Jul 31, 2014 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 41
Views: 2906

Re: Contribute to 457?

Big companies can and do go bankrupt. Healthcare may be riskier than most industries due to the evolving landscape. But I agree with your assessment that bankruptcy is unlikely. If it were me, and the investment choices were decent and rules surround the 457 in the Summary Plan Description didn't ra...
by Bfwolf
Wed Jul 30, 2014 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 41
Views: 2906

Re: Please help me fight for index funds!

Delayed Gratification, We hear on this forum all the time about 401k plans that are offered "free" to the company. The reason they are offered free is that the fund choices have high expense-ratios/loads/12B-1 fees, and are thus highly profitable for the offerer. You can bet the investment...
by Bfwolf
Wed Jul 30, 2014 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help me fight for index funds!
Replies: 37
Views: 2448

Re: Was ready to pull plug on Janus..until

Of all the decisions you will make today, whether you use Vanguard Admiral funds or their equivalent ETFs will probably be the least important. You should spend more time thinking about what you're going to have for dinner tonight.
by Bfwolf
Wed Jul 30, 2014 1:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 66
Views: 4015

Re: Contribute to 457?

I certainly understand the concern with a non-governmental 457 being a general obligation of the company and thus subject to forfeiture if the company goes bankrupt. However, unless the company goes bankrupt suddenly and without warning, aren't there ripcord opportunities to prevent the loss of asse...
by Bfwolf
Wed Jul 30, 2014 12:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Contribute to 457?
Replies: 41
Views: 2906

Re: Please help me fight for index funds!

I agree. However, the company does have an investment committee. Those are the people I'm talking to. No guarantee I can win, but if I don't try everyone loses (except, of course, the management company). Perhaps a purchase of a slim Boglehead philosophy book for each member of the investment commi...
by Bfwolf
Tue Jul 29, 2014 3:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help me fight for index funds!
Replies: 37
Views: 2448

Re: Please help me fight for index funds!

I don't think talking to the Prudential salesman is going to get you anywhere. You're certainly not going to convince him that offering the Vanguard fund is better for him because it's not! Whether it's better for your wife doesn't matter to him. Who are the decision makers with your wife's company?...
by Bfwolf
Tue Jul 29, 2014 2:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Please help me fight for index funds!
Replies: 37
Views: 2448

Re: Was ready to pull plug on Janus..until

Your first fund listed, JANEX, is described as a mid-cap fund. You are comparing it to VTI which is a large cap ETF. Vanguard has a mid cap index fund with the ticker VIMSX. Since its founding in 1998, VIMSX is up well over 200%. JANEX, over the same time frame, is up less than 150%. VTSMX, the mutu...
by Bfwolf
Tue Jul 29, 2014 2:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Was ready to pull plug on Janus..until
Replies: 66
Views: 4015

Re: Here's another "where should I retire" thread

A couple of years ago, I spent a week at a friend's parents' lakehouse in Willsboro, NY, and it was delightful. I think it would meet many of your criteria, and you can take your car on the ferry across Lake Champlain to the Vermont side and drive up to Burlington in about an hour. Burlington is a c...
by Bfwolf
Sat Jul 26, 2014 2:04 am
 
Forum: Personal Consumer Issues
Topic: Here's another "where should I retire" thread
Replies: 104
Views: 6387

Re: Do you "Tax Adjust" your Asset Allocation (Pre vs Roth,

I think most are cottoning on to why discounting for taxes is the "correct" (though more complex) way of doing it, but if anyone is still having trouble grasping this concept, I might offer one more way of thinking about it. An asset allocation is designed to manage the risk of being able ...
by Bfwolf
Tue Jul 22, 2014 9:30 pm
 
Forum: Investing - Theory, News & General
Topic: Do you "Tax Adjust" your Asset Allocation (Pre vs Roth, etc)
Replies: 77
Views: 3740

Re: Asking for a raise

I agree with music_man. State your case and what you are asking for objectively. Do not threaten or get emotional. If your ask is big enough (i.e. I want a promotion and a 30% raise), the threat is implicit and does not need to be stated. Your company will know that anybody who is asking for that mu...
by Bfwolf
Tue Jul 22, 2014 8:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Asking for a raise
Replies: 14
Views: 1529

Re: Multiple Solo 401(k)s?

Thanks for setting me straight guys.
by Bfwolf
Tue Jul 22, 2014 10:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Multiple Solo 401(k)s?
Replies: 4
Views: 427

Multiple Solo 401(k)s?

I already have a Solo 401(k) with Vanguard for my business, which is an LLC of which I'm the only member. The registration details of my account with Vanguard say: "VFTC TR <Name of my LLC> Individual 401(k) FBO <My Name>" VFTC presumably stands for Vanguard Fiduciary Trust Company. I am a...
by Bfwolf
Tue Jul 22, 2014 12:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Multiple Solo 401(k)s?
Replies: 4
Views: 427

Re: 401(k) In-Plan Roth Conversion of After-Tax Money

In my non CPA opinion, anybody who does the mega back door Roth should go into it with eyes open to the fact that it's a little bit of a gray area and there is risk the IRS comes after you at some point. However, given the documentation we've seen to date, I think that this risk is quite low. I thin...
by Bfwolf
Tue Jun 24, 2014 7:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) In-Plan Roth Conversion of After-Tax Money
Replies: 75
Views: 5129

Re: Soccer - injury time?

The funny thing is when I posted my idea on the forum of the English Premier League team I support, probably 75% of the (mostly English) respondents were really intrigued by the idea of a visible clock that starts/stops, although we all conceded it would never happen. It took a forum composed mostly...
by Bfwolf
Mon Jun 23, 2014 6:12 pm
 
Forum: Personal Consumer Issues
Topic: Soccer - injury time?
Replies: 49
Views: 2895

Re: Soccer - injury time?

I agree with HomerJ. Transparent clock management in major leagues/tournaments would not prevent poor kids from playing soccer. I am an advocate for the following change to create transparency, eliminate time-wasting, and bring the "buzzer beater" into play: Bring in an official clock that...
by Bfwolf
Mon Jun 23, 2014 12:36 pm
 
Forum: Personal Consumer Issues
Topic: Soccer - injury time?
Replies: 49
Views: 2895

Re: Lost a lot in stocks and starting fresh: Please Help

OP, first of all, I appreciate that you returned and updated everybody with where you are. And your honesty about accepting some advice but not all of it is commendable. You have also certainly reduced your debt, which is good. But as others have mentioned, much is amiss here. You need an emergency ...
by Bfwolf
Tue Jun 17, 2014 1:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Lost a lot in stocks and starting fresh: Please Help
Replies: 90
Views: 12145

Re: What to pick: RSU or stock options?

I think this is a no-brainer for the RSUs. My company was offering similar 4 to 1 ratio, but the options vested 34/33/33 over 3 years while the RSUs vested 0/0/100 so it was even more in favor of options than your choice (although the options only lasted 7 years vs your 10). Something like 80% of th...
by Bfwolf
Mon Jun 16, 2014 10:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to pick: RSU or stock options?
Replies: 29
Views: 1726

Re: Laid off - HSA Contributions?

Thanks, Spirit Rider.

In the interest of simplicity then, it may make sense to wait until Dec 1st (or until rehired somewhere else) to make the balance of all HSA contributions under the COBRA plan. I'll lose out on the tax free growth for 6 months, but that's small potatoes.
by Bfwolf
Tue Jun 10, 2014 5:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off - HSA Contributions?
Replies: 9
Views: 1032

Re: Laid off - HSA Contributions?

Thank you. I did check into ACA options and COBRA (with company subsidy) is a better option for me as the company subsidy is 63% of the premium.
by Bfwolf
Tue Jun 10, 2014 9:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Laid off - HSA Contributions?
Replies: 9
Views: 1032

Laid off - HSA Contributions?

I am being laid off in a couple of weeks. Please no pity party, I am not upset about it. I will remain on my employer's high deductible health care plan for the remainder of the year through COBRA. Since I contribute to my HSA every paycheck, I have only contributed half of my annual maximum to date...
by Bfwolf
Mon Jun 09, 2014 4:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off - HSA Contributions?
Replies: 9
Views: 1032

Re: Investing HSA Contributions

I'm sorry if this minimizes your question, but does whether you have $2,500 earning 2.4% guaranteed or $2,500 folded into your broader asset allocation really matter?

Even for a worker early in their savings career, this feels like a decision that doesn't have meaningful ramifications.
by Bfwolf
Tue May 27, 2014 10:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing HSA Contributions
Replies: 6
Views: 543

Re: Roll IRAs into 401k so that I can do backdoor Roth?

It sounds like if you roll the money into your 401k, your 401k will be the dominant portion of your portfolio, to the point where you would need to own not just domestic stocks but also bonds and international stocks there. It's easy to feel good about the S&P 500 index fund in your 401k. Do you...
by Bfwolf
Fri May 23, 2014 5:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll IRAs into 401k so that I can do backdoor Roth?
Replies: 13
Views: 1069

Re: UCLA vs USC Decision [Which college to attend]

USC is a private school. Privates work hard to get you graduated in 4 years (2 for you) as people won't pay high tuition if they can't graduate as planned. UCLA is a state school. The state is California. California still has serious budget problems and in the colleges that means there are fewer in...
by Bfwolf
Mon May 19, 2014 9:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: UCLA vs USC Decision [Which college to attend]
Replies: 62
Views: 3709

Re: UCLA vs USC Decision [Which college to attend]

Assuming you have 2 years left of school, USC will cost $26K more than UCLA. So the question is whether the USC degree has a present value worth $26K more than the UCLA degree (if you don't know what present value is, you'll learn it soon!). I agree with the earlier poster who said compare the place...
by Bfwolf
Thu May 15, 2014 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: UCLA vs USC Decision [Which college to attend]
Replies: 62
Views: 3709

Re: Spray cans losing pressure

In general, I would say it's surprising that you have so many cans losing pressure. It has never happened to me. If it''s happening in less than a year from purchase regularly, then I think this may have to do with how you are using the cans (i.e. inverting them).
by Bfwolf
Mon May 12, 2014 4:26 pm
 
Forum: Personal Consumer Issues
Topic: Spray cans losing pressure
Replies: 27
Views: 1300

Re: Spray cans losing pressure

Have you tried calling the manufacturers of the products on the 1-800 #s listed on the back of the package? I would not be surprised if they sent you a coupon to get another one for free.

FYI, Pam claims their new formula does not leave much residue. http://www.pamcookingspray.com/promotions/
by Bfwolf
Sun May 11, 2014 10:49 pm
 
Forum: Personal Consumer Issues
Topic: Spray cans losing pressure
Replies: 27
Views: 1300

Re: Philly/Boston in May: Recommendations Please

One of the best things about Philly is the architecture of all the homes in Center City, especially in the swath between Lombard and Spruce. Clinton St between 10th and 11th is my personal favorite. Definitely get a cheesesteak from Jim's at 4th and South. Be prepared to wait in line for 20 minutes ...
by Bfwolf
Sun May 04, 2014 7:51 pm
 
Forum: Personal Consumer Issues
Topic: Philly/Boston in May: Recommendations Please
Replies: 26
Views: 1591

Re: How much income do you need to start an Individual 401k?

Thanks DSInvestor.

His IRA is high 5 figures. His wife is already doing backdoor Roth contributions, but he has more money he'd like to get into tax advantaged accounts.
by Bfwolf
Sat May 03, 2014 8:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much income do you need to start an Individual 401k?
Replies: 4
Views: 506

How much income do you need to start an Individual 401k?

My brother earns too much to contribute directly to a Roth IRA. He maxes out his 401k pre-tax contributions with his employer and would like to do a Backdoor Roth IRA contribution, but he has substantial pre-tax assets in a Traditional IRA. He is in a high tax bracket and doesn't want to convert his...
by Bfwolf
Sat May 03, 2014 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: How much income do you need to start an Individual 401k?
Replies: 4
Views: 506

Re: Annuities - Is Anyone Satisfied?

People who bought SPIAs and can report their findings on this forum are almost certainly happy. The ones that aren't happy are dead.
by Bfwolf
Fri May 02, 2014 1:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Annuities - Is Anyone Satisfied?
Replies: 37
Views: 2462

Re: Socially Responsible (Progressive) Fund Options

I like the idea of a REIT fund or a government bond fund. While I wouldn't exactly call REITs "progressive," I think in general they're pretty unobjectionable. They're investing in apartment buildings, shopping malls, office parks, etc. Nothing really sinister here. Your opinion on whether...
by Bfwolf
Mon Apr 28, 2014 11:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Socially Responsible (Progressive) Fund Options
Replies: 99
Views: 8908

Re: Salary Negotiation Help

I agree with Leonard's comment, though I would also suggest that switching costs go both ways. There are recruitment costs and risk associated with the nonprofit losing you, but there's also switching costs to you if you leave: there's risk you may not enjoy the new company, you may need to uproot y...
by Bfwolf
Thu Apr 17, 2014 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Salary Negotiation Help
Replies: 6
Views: 952

Re: Unexpected dental bill

Wow, this is indeed a crummy situation. What you've paid already should be your maximum liability. It's the amount based on the higher codes the the dentist submitted. I think your next step is getting the dentist's office to agree to that logic and cancel the bill they sent to you. Then you can wor...
by Bfwolf
Wed Apr 09, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Unexpected dental bill
Replies: 22
Views: 2335

Re: To MBA or not MBA?

80% of the value of a "name" school is the job it helps you get immediately upon graduation. After that, every other job you get will be based on the last job you had--nobody will care what school you went to as long as you can check the MBA box. Is your plan to leverage the MBA to get a n...
by Bfwolf
Fri Apr 04, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: To MBA or not MBA?
Replies: 57
Views: 5015

Re: Advice on restructuring elderly parents portfolio

Selling the losers seems like good advice to me. I think Peter Foley's advice to sell the most modest winners until you're down to $6K of losses makes sense...that will give your parents 2 years of $3K deductions on their taxes and allow you to diversify the portfolio a bit. Since your parents are u...
by Bfwolf
Sun Mar 23, 2014 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on restructuring elderly parents portfolio
Replies: 19
Views: 1380

Re: Purchase farmland or sell it?

Put me in the "sell it" camp. You wouldn't buy farmland if you didn't inherit it, so how is this any different?
by Bfwolf
Tue Mar 04, 2014 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Purchase farmland or sell it?
Replies: 33
Views: 2131

Re: Choosing my MBA program... Looking for advice

Save the $56K. Brand and recruiting opportunities are irrelevant since you're staying at your company. Nobody 3 years after your graduation will care whether you went to BU or UMass. You can learn the principles at both schools. I'm a little skeptical of online, but if you put in the work, you'll le...
by Bfwolf
Thu Feb 13, 2014 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Choosing my MBA program... Looking for advice
Replies: 11
Views: 1486

Re: technology's impact

I'm not too worried. There will always be plenty of jobs for humans until artificial intelligence advances to the point that it's superior to humans. The kinds of jobs will change of course, and so will the education system preparing people for such jobs. I think it's definitely true that those who ...
by Bfwolf
Sun Jan 19, 2014 1:45 pm
 
Forum: Investing - Theory, News & General
Topic: technology's impact
Replies: 18
Views: 978

Re: Husband Left Me In Charge – Round 2

Wow, those are some big increases to your taxable account coming. That will certainly be nice and will allow you to put more of the money in his 401k in the Pimco Total Return Bond fund and stay within your asset allocation. Retiredjg's suggestions are good ones. I think I prefer his second portfoli...
by Bfwolf
Tue Jan 14, 2014 12:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Husband Left Me In Charge – Round 2
Replies: 17
Views: 3558

Re: Husband Left Me In Charge – Round 2

One thing that I thought about while I was sleeping last night is the possibility of sales loads in his 401k considering how bad the options are. On REREX you are fine. But on that Pimco Total Return A fund, there is a 3.75% max front end sales load. http://finance.yahoo.com/q/pr?s=PTTAX+Profile Bef...
by Bfwolf
Mon Jan 13, 2014 10:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Husband Left Me In Charge – Round 2
Replies: 17
Views: 3558

Re: Husband Left Me In Charge – Round 2

The big problem you have is that half your money is sitting in his 401k with terrible investment options. With that in mind, I'd suggest a temporary adjustment to your asset allocation where you don't buy any TIPS, and instead put all 20% of your bond allocation into nominal bonds. You can buy that ...
by Bfwolf
Sun Jan 12, 2014 11:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Husband Left Me In Charge – Round 2
Replies: 17
Views: 3558
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