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Re: What I learned at my mandatory employee 403(b) info meet

It almost makes me want to start my own White Coat Investor blog for teachers or go into investment advice on the side except that most teachers either (1) seem to be just living month to month and have no money to invest anyway, or (2) they are married to professional husbands and basically teach ...
by Clever_Username
Sun Apr 26, 2015 12:14 am
 
Forum: Investing - Theory, News & General
Topic: What I learned at my mandatory employee 403(b) info meeting
Replies: 48
Views: 4330

Re: Teachers: 9 or 12 month salary?

My summer benefits (health coverage, etc) are covered regardless of whether or not I work summer school, and are paid for out of my April paycheck, which only affects the amount leftover after everything else. It seems that they are pretty much the same other than your April paycheck would be lower...
by Clever_Username
Wed Apr 22, 2015 10:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Teachers: 9 or 12 month salary?
Replies: 26
Views: 3385

Re: "How much of your portfolio is in index funds, and why?"

....and the probability of above-average returns (during the past 10 years over 75% of managed funds were outperformed by their index). Of course any index fund will be outperformed 100% of the time by its index. :) Not necessarily. There's tracking error, and sometimes it's in your favor, such as ...
by Clever_Username
Tue Apr 21, 2015 7:06 pm
 
Forum: Investing - Theory, News & General
Topic: "How much of your portfolio is in index funds, and why?"
Replies: 75
Views: 6149

Re: "How much of your portfolio is in index funds, and why?"

Hmm. 88%. I have approx $200k portfolio, including $17k in Series-I bonds and $5k in Series-EE bonds. Rest is total bond market index, total stock market index, and total international stock market index.

I believe the "why" has already been covered by others in this thread.
by Clever_Username
Tue Apr 21, 2015 4:15 pm
 
Forum: Investing - Theory, News & General
Topic: "How much of your portfolio is in index funds, and why?"
Replies: 75
Views: 6149

Re: Teachers: 9 or 12 month salary?

First, thank you to everyone who responded. I really do appreciate you taking the time. Every comment, even the ones that aren't included in my reply, was helpful to my thinking through this. I'm married to a teacher who used to get paid over 9 months. We're good at budgeting and we figured we might...
by Clever_Username
Mon Apr 20, 2015 11:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Teachers: 9 or 12 month salary?
Replies: 26
Views: 3385

Teachers: 9 or 12 month salary?

Hi all, I'm a teacher and was recently informed that if I want to switch from a nine month salary to a 12 month salary for the 2015-16 school year, I need to do so in the next few weeks. I see no reason to do so, but I want to throw this out there for feedback. I realize that if I were inclined to s...
by Clever_Username
Mon Apr 20, 2015 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Teachers: 9 or 12 month salary?
Replies: 26
Views: 3385

Re: [retired guy said] terrible crash is coming

Thanks. I will stay the course. But, I am learning so it is tough when I keep hearing all this noise. I will stay on course. Riptide There are different kinds of noise...stock tips from friends & family or coworkers...noise from investing web sites...noise from cable television. And then there ...
by Clever_Username
Fri Apr 17, 2015 9:03 am
 
Forum: Investing - Theory, News & General
Topic: [retired guy said] terrible crash is coming
Replies: 71
Views: 8372

Re: Donating old books and getting tax writeoff?

I've never done this, but I have probably about a moving box's worth of books I likely won't read again but are in decent condition. How do I go about donating them to a library?
by Clever_Username
Tue Apr 14, 2015 10:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Donating old books and getting tax writeoff?
Replies: 17
Views: 2122

Re: Stop contributing, and cash out your 401

dh wrote:Good find. I wish she would have stuck with Rasberry, rather than using Vanguard in her company name!


I'm actually a little surprised that it isn't a trademark violation.
by Clever_Username
Sun Apr 12, 2015 9:59 am
 
Forum: Investing - Theory, News & General
Topic: Stop contributing, and cash out your 401
Replies: 16
Views: 2791

Re: Why pay more than face value for a gift card

(In case people aren't familiar... your bid is secret. If you enter a bid of, say, $100, all that happens is that whenever someone else bids, eBay automatically and instantly raises your visible bid to just over your competitors... until your maximum is reached. I don't understand why anyone does a...
by Clever_Username
Fri Apr 10, 2015 2:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why pay more than face value for a gift card
Replies: 19
Views: 1895

Re: How to "prove" Savings Bond held with Treasury Direct

I'm getting a mix. Log in, click "current holdings." Mike's account, X-123-456-789, where 'X' is some letter and the rest are digits. It isn't actually the string "X-123-456-789" at top. Last name appears nowhere. Click radio button for Series I Savings Bonds and then submit. Sam...
by Clever_Username
Fri Apr 03, 2015 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to "prove" Savings Bond held with Treasury Direct
Replies: 12
Views: 1615

Re: How to "prove" Savings Bond held with Treasury Direct

Well that's somewhat troubling. Roughly half of my cash and cash-equivalents is now in Series I Bonds, and that fraction is only going to increase as I buy more and as I diminish my bank-held emergency fund accordingly. And yet, in a year or two, I'm considering moving to a larger place, and was men...
by Clever_Username
Fri Apr 03, 2015 9:13 am
 
Forum: Personal Finance (Not Investing)
Topic: How to "prove" Savings Bond held with Treasury Direct
Replies: 12
Views: 1615

Re: Sell American Funds for Vanguard ones?

I'm surprised I haven't seen this advice yet in this thread: if you're sure you want to sell and buy equivalents at Vanguard, even if you don't sell at AF, take distributions in cash (well, into the bank at least) instead of reinvesting them with AF. Reinvest those dividends into the equivalent Vang...
by Clever_Username
Thu Apr 02, 2015 9:50 am
 
Forum: Investing - Theory, News & General
Topic: Sell American Funds for Vanguard ones?
Replies: 24
Views: 1796

Re: Wait for I-bond?

I'm waiting for the new rates because it can't be any less than 0. At the same time, even if it is higher, it won't be meaningfully higher. The last few months have seen seen big drops in oil, so I wouldn't be surprised if the inflation component is actually negative even though the bond itself can...
by Clever_Username
Fri Mar 27, 2015 5:04 pm
 
Forum: Investing - Theory, News & General
Topic: I Bonds - now or later in the year?
Replies: 39
Views: 3731

Re: What is the worst financial decision that you've made?

Ironically, our increasing income made things worse. How did this make it worse? They really just wanted to scare me with a big number like $3 million so that I would settle for relatively small amount (~ $30,000) that would enable them to keep the house. Instead I paid $35,000 to the best real est...
by Clever_Username
Sat Feb 21, 2015 11:25 am
 
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 172
Views: 15734

Re: Your car repair/parts expenses for 2014

I spent about $1800 on car repairs (2006 Mazda 3) in 2014. However, not all of these are annual expenses; among other things, brakes. I'll post an itemized list if you want.
by Clever_Username
Sat Feb 14, 2015 11:02 am
 
Forum: Personal Finance (Not Investing)
Topic: Your car repair/parts expenses for 2014
Replies: 29
Views: 2106

Re: The Emergency Fund Revisited

I'm in the process. For my entire adult life, I've had six months' expenses in the bank in some form. When I earned money as a minor -- dating back to babysitting money in the third grade -- I put half of it into savings. This was a little indirect: I'd hand the cash to my parents, and they'd deposi...
by Clever_Username
Sat Feb 07, 2015 2:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Emergency Fund Revisited
Replies: 20
Views: 2011

Re: Unhappy With Job Raise

Candor wrote: I guess I need to decide whether this company is selling me short or I'm just overpaid. I'm not sure. :D


Have you gone about soliciting offers elsewhere? Depending on your field, I hear this is sometimes a great way to determine the answer to that question.
by Clever_Username
Sat Feb 07, 2015 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Unhappy With Job Raise
Replies: 78
Views: 7871

Re: Lending money to family - I can't say no

Your MIL opened up a CC under your husband's name without his permission? I'd be done. As in not speaking with her any longer and reporting fraud to the police. I don't know all the details about the CC, but I don't think we are interested in adding to her problems with legal action right now. Supp...
by Clever_Username
Sat Feb 07, 2015 1:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lending money to family - I can't say no
Replies: 82
Views: 5908

Re: $10,000 lump sum into VTIAX?

Are you already maxing out your workplace plan and IRAs? You might find it better to increase those contributions first; the tax savings will offset the poor ERs in the 401(k), unless they're extremely high and you intend to stay there long term.
by Clever_Username
Thu Feb 05, 2015 10:20 am
 
Forum: Investing - Help with Personal Investments
Topic: $10,000 lump sum into VTIAX?
Replies: 19
Views: 1345

Re: anyone here been to the Super Bowl?

Sounds amazing. Not to mention you'll be able to tell your grandkids you were there in person for one of the most (in)famous plays in Super Bowl history. Thanks for letting us know how it went! Two of them! "The Juggle" and "The Butler Did It." Glad you had fun, OP. I love Phoen...
by Clever_Username
Wed Feb 04, 2015 3:38 pm
 
Forum: Personal Consumer Issues
Topic: anyone here been to the Super Bowl?
Replies: 23
Views: 2625

Re: Joining the free dinner circuit? Promises, promises.

My technique is to look up where they offer timeshares and use other places as your answer to "Where would you love to vacation?" I went with a friend to one and when the salesperson asked us that, we had our answers prepared ahead of time. I said, "South Dakota" and my friend s...
by Clever_Username
Wed Feb 04, 2015 3:36 pm
 
Forum: Personal Consumer Issues
Topic: Joining the free dinner circuit? Promises, promises.
Replies: 100
Views: 8629

Re: Refund from the IRS? Why?

It has been quite some time since I've had a calendar year with only one single employer. It's tough enough with a single employer to get it exactly right. I adjusted some withholding amounts when I was in the 15% marginal bracket because ... well, because the few extra hundred dollars a month, inst...
by Clever_Username
Tue Jan 27, 2015 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Refund from the IRS? Why?
Replies: 51
Views: 5168

Re: anyone here been to the Super Bowl?

First, go and enjoy. I hope your boys keep those silly other birds from winning the big one in my nest. Next... I haven't been to a Super Bowl, but my parents went to several, as did my grandfather. Get there early, but otherwise, try to enjoy it as if it were any other meaningful game. If you're in...
by Clever_Username
Thu Jan 22, 2015 12:50 am
 
Forum: Personal Consumer Issues
Topic: anyone here been to the Super Bowl?
Replies: 23
Views: 2625

Re: What Movie Have You Recently Watched?

Last night, I went to a screening of Innerspace, complete with a Q&A with Joe Dante (director) afterward. It was awesome.
by Clever_Username
Wed Jan 21, 2015 11:42 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 781
Views: 105128

Re: What age did you hit $100,000?

I'm assuming for this that I have $0 equity in my condo. I have more than that, but I don't care to even figure out how much it is. That having been said, I was 30, in 2014. A great market the year before, coupled with solid income, has helped tremendously. Evidently, as of close of market yesterday...
by Clever_Username
Wed Jan 21, 2015 11:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you hit $100,000?
Replies: 68
Views: 6235

Re: Let's Celebrate! Which funds are you buying in 2015?

So far in 2015: Total international stock -- in taxable. Total domestic stock -- in Roth IRA (already maxed out, is the only fund in Roth IRA) Will be purchasing later in year: Total domestic stock -- twelve regular contributions in both 401(a) and 403(b). Total domestic bond -- twelve regular contr...
by Clever_Username
Mon Jan 19, 2015 6:09 pm
 
Forum: Investing - Theory, News & General
Topic: Let's Celebrate! Which funds are you buying in 2015?
Replies: 48
Views: 3813

Re: Index Funds and Taxes?

There aren't separate taxes on index funds over other mutual funds. Qualified distributions are taxed at one rate, unqualified at another, and capital gains depend on whether they're long-term or short-term gains. I'm assuming these are in a taxable account and not in a tax-advantaged one? Because i...
by Clever_Username
Thu Jan 15, 2015 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Index Funds and Taxes?
Replies: 2
Views: 433

Re: Would managed funds beat index funds IF...

To be fair, you should be comparing with a consumer staples index, not the S&P 500. 8-) And also have picked these in the 90s and not today, as nisi pointed out. I think he has held them since the 90s. I also don't think he's bragging, since the three he mentioned returned less than the index h...
by Clever_Username
Tue Jan 13, 2015 9:07 pm
 
Forum: Investing - Theory, News & General
Topic: Would managed funds beat index funds IF...
Replies: 34
Views: 2477

Re: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit

That said, where does one position investments to safely capitalize on deflation? Lots of ideas, but one thing that hasn't been mentioned is I Bonds. While most folks think of I Bonds for INflation protection, most don't realize that they also provide DEflation protection. Since the composite rate ...
by Clever_Username
Mon Jan 12, 2015 8:29 pm
 
Forum: Investing - Theory, News & General
Topic: Why Is "Deflation" A Bad Thing??? How To Prepare/Profit?
Replies: 87
Views: 6488

Re: How much in I bonds do you own?

I didn't buy any until last year, when I bought $10,000.

I plan to buy some more this month, and then some later this year.
by Clever_Username
Mon Jan 12, 2015 10:08 am
 
Forum: Investing - Theory, News & General
Topic: How much in I bonds do you own?
Replies: 29
Views: 3230

Re: should I stop 401K contributions as I ready to retire?

One of the key suggestions raised is that I need to go back and look into backdoor ROTH IRAs. I'll have to look into reverse rollover from my current retirement account(s), (the difficulty lies in determining deductible contributions plus earnings) but the effort to fund a ROTH account will be a be...
by Clever_Username
Thu Jan 08, 2015 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: should I stop 401K contributions as I ready to retire?
Replies: 24
Views: 2451

Re: Bonds had a pretty good year in 2014?

zvez wrote:at the beginning of 14 they were predicting a bond meltdown, glad they were wrong.


I wonder how many years in a row we've been told about a coming bond meltdown that hasn't happened.
by Clever_Username
Thu Jan 08, 2015 12:46 am
 
Forum: Investing - Theory, News & General
Topic: Bonds had a pretty good year in 2014?
Replies: 11
Views: 1681

Re: should I stop 401K contributions as I ready to retire?

oharaj wrote:Roth and Roth conversions are not doable due to existing traditional IRA holdings.



That's a backdoor Roth you're thinking of. Contributing to a Roth 401(k) directly, if the option exists in your workplace plan, is unaffected by any and all holdings in a traditional IRA.
by Clever_Username
Wed Jan 07, 2015 8:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: should I stop 401K contributions as I ready to retire?
Replies: 24
Views: 2451

Re: should I stop 401K contributions as I ready to retire?

You put the money into the 401(k) and save at the top marginal rate; it grows tax free and comes out, more or less, at your effective rate for that year. So, even if your marginal bracket remains the same, you still get to fill the 0% "bucket", the 10% "bucket" etc on your way to...
by Clever_Username
Wed Jan 07, 2015 3:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: should I stop 401K contributions as I ready to retire?
Replies: 24
Views: 2451

Re: Games

Also, be sure to choose games you will both enjoy. My ex and I were both ultra-competitive, and it made for some particularly awkward evenings :) Co-operative games are key here, I think. My current favorite within this realm is Scott Pilgrim Vs The World on X-Box 360. Well worth the $10 or so.
by Clever_Username
Wed Jan 07, 2015 3:19 pm
 
Forum: Personal Consumer Issues
Topic: Games
Replies: 38
Views: 4518

Re: Retiring early

Thanks for posting, that was an interesting read. Actually, for me, the most interesting thing that I had never noticed myself before was that Wade Pfau's article on 3% SWR include 1% for management fees! Yikes! That was probably discussed here ages ago, but I must have missed it. I don't recall ev...
by Clever_Username
Mon Jan 05, 2015 11:21 pm
 
Forum: Investing - Theory, News & General
Topic: Retiring early
Replies: 12
Views: 2522

Re: Do you rebalance each time you fund your account?

No. When I fund my Roth IRA -- now just January 1 every year, unless I change my mind -- it's always 100% TSM, because that's all I have for funds in that department (bonds are in pre-tax and int'l stocks are in taxable, with TSM in all three). I don't change my other accounts to balance this out, a...
by Clever_Username
Mon Jan 05, 2015 11:17 pm
 
Forum: Investing - Theory, News & General
Topic: Do you rebalance each time you fund your account?
Replies: 25
Views: 1832

Re: 401K contributions

One other caution: if your employer doesn't know that you're going to retire, they might be able to figure out when you're going to leave by the change in your 401(k) and might choose to end your employment before then. Whether or not your company would do this, I don't know, but it could conceivabl...
by Clever_Username
Sun Jan 04, 2015 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401K contributions
Replies: 9
Views: 766

Re: CD in a Roth IRA

Yes, definitely move it and add it to your general allocation. A CD, particularly at that rate, would be fine if you're in retirement and need to leave some money in cash equivalents while waiting to likely remove it in the near future. To avoid some CD related fees, you may want to wait until it co...
by Clever_Username
Sun Jan 04, 2015 2:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: CD in a Roth IRA
Replies: 4
Views: 438

Re: Today is a Good Day to fund the 2015 IRA

island wrote:So what funds did you kids purchase?


My Roth is 100% total (domestic) stock market, so $5500 of that.

I also had some money ready for taxable investing that went through today, for $5000 of total international, but that's outside the Roth.
by Clever_Username
Fri Jan 02, 2015 5:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Today is a Good Day to fund the 2015 IRA
Replies: 69
Views: 8303

Re: Vanguard states ERs to 3 places!

I don't see it in my "Balances and holdings" view. Where are they showing this?
by Clever_Username
Fri Jan 02, 2015 2:57 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard states ERs to 3 places!
Replies: 25
Views: 2943

Re: Today is a Good Day to fund the 2015 IRA

Question: What happens if you fund your 2015 IRA on January 2, 2015 and you die on January 3, 2015 before you have any qualified income to fund a 2015 IRA? Seeing as how I funded my IRA for 2015 already, the Cardinals have a playoff game tomorrow, and my first day of work for the calendar year is o...
by Clever_Username
Fri Jan 02, 2015 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Today is a Good Day to fund the 2015 IRA
Replies: 69
Views: 8303

Re: buy I-Bonds now or wait until later in the year?

I think if you're filling up an I-bond emergency fund, then you may as well buy some every month and forget about optimizing rates over 0% or 0.1% or 0.2%. [There you go, that's my answer to your question - I don't expect much difference.] I just buy some every month with an automatic purchase from...
by Clever_Username
Fri Jan 02, 2015 1:06 pm
 
Forum: Investing - Theory, News & General
Topic: buy I-Bonds now or wait until later in the year?
Replies: 11
Views: 1891

Re: buy I-Bonds now or wait until later in the year?

Here's the thing that's been concerning me: how much of a difference does anyone expect in the fixed portion come May? That is, if I buy this month, there's four months of interest versus the one purchased in May when I eventually part with it. How much larger would the fixed portion have to be for ...
by Clever_Username
Fri Jan 02, 2015 11:44 am
 
Forum: Investing - Theory, News & General
Topic: buy I-Bonds now or wait until later in the year?
Replies: 11
Views: 1891

Re: Today is a Good Day to fund the 2015 IRA

Indeed. When I woke up yesterday, I put in the order at Vanguard to ensure I wouldn't forget. Now, more than 24 hours later, it's been on my mind quite a bit.

I guess I have another year before I can make another IRA contribution.
by Clever_Username
Fri Jan 02, 2015 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Today is a Good Day to fund the 2015 IRA
Replies: 69
Views: 8303

Re: Games

On the card game side, I travel in geek circles, so the card game choices tend to follow along... Chez Geek, Killer Bunnies, Munckin, and the like would be the more family-friendly ones. I'd like to echo Munchkin -- get your preferred variety. There's classic (fantasy), martial arts, western, zombi...
by Clever_Username
Fri Jan 02, 2015 1:35 am
 
Forum: Personal Consumer Issues
Topic: Games
Replies: 38
Views: 4518

Re: Do you usually order beverage at restaurants?

Usually water, unless I'm planning to stay quite some time (or am trying to avoid looking cheap, such as on an early date). If I order a drink, my first priority is iced tea, but only if it's brewed and unsweetened. I ask these first, and if it's passion fruit "iced tea," I'll send it back...
by Clever_Username
Fri Jan 02, 2015 1:30 am
 
Forum: Personal Consumer Issues
Topic: Do you usually order (not-free) beverage at restaurants?
Replies: 89
Views: 7809

Re: Games

"Pandemic" is a great game in which the players cooperate to thwart the spread of four plagues throughout the world. It's fun, but rewards fairly deep strategy that can shift suddenly as a result of random luck within certain constraints. Best of all, it's a cooperative game--both/all pla...
by Clever_Username
Wed Dec 31, 2014 6:22 pm
 
Forum: Personal Consumer Issues
Topic: Games
Replies: 38
Views: 4518

Re: maximum 403b 2015 in 4 months

The only thing I'd worry about is if they know she's leaving after the April paycheck; would her employer be inclined to dismiss her before then if they know she's going to quit? But yes, if the plan documents allow it, the IRS will. There's no obligation to fill up the account on the last day. Tha...
by Clever_Username
Tue Dec 30, 2014 2:43 pm
 
Forum: Investing - Theory, News & General
Topic: maximum 403b 2015 in 4 months
Replies: 7
Views: 820
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