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Re: How T-C members & family get TREA outside of employer pl

TREA? (a) Here's some basic information: https://www.tiaa-cref.org/public/tcfpi/investment/profile?symbol=41091375 (b) You should be aware that there are some trading restrictions, which I described recently on another post and will restate here. TIAA may tighten them over time to protect the liquid...
by Garco
Wed Feb 25, 2015 10:50 pm
 
Forum: Investing - Theory, News & General
Topic: How T-C members & family get TREA outside of employer plans
Replies: 20
Views: 1822

Re: TIAA-CREF Stock Account 403(b)

Though I definitely encourage you to consider TREA, especially given what you just mentioned, you should also know about a couple of trading restrictions. 1. Currently (since April 2011), the maximum you can transfer into TREA is $150,000. So if, for example, you already had $150K or more invested i...
by Garco
Tue Feb 24, 2015 1:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF Stock Account 403(b)
Replies: 8
Views: 493

Re: TIAA-CREF Stock Account 403(b)

Based on your private communication to me, you may have access to QREARX -- TIAA Real Estate Account -- which is not a REIT but instead a fund with direct ownership of commercial real estate. I encourage you to consider that. It's kind of half-bond, half-equities in how it behaves. Nothing only goes...
by Garco
Tue Feb 24, 2015 1:07 am
 
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF Stock Account 403(b)
Replies: 8
Views: 493

Re: TIAA-CREF Stock Account 403(b)

The first thing to check is which of the funds on the link that you give are available in the plan that the sponsoring institution authorizes. Many institutions make available only a fraction of those funds in their plan. Some of them offer non-TIAA-CREF funds alongside TIAA-CREF funds. If you can p...
by Garco
Mon Feb 23, 2015 11:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF Stock Account 403(b)
Replies: 8
Views: 493

Re: What age do you guys plan to retire?

I never had a specific plan but expected to retire at ~65. In my line of work, it's common for folks who continue to be productive to stay working. But the relation between my age and critical events (children's ages and college years, market swoons) interacted to lead me to defer retirement til age...
by Garco
Mon Feb 23, 2015 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: What age do you guys plan to retire?
Replies: 143
Views: 8429

Re: When 60/40 just isn't appropriate

As a recent retiree, I think this works in two ways. First, any spending that I do must come from that declining reservoir of money I've accumulated. Second, once it's lost, I can't replenish it from the outside quickly nohow.
by Garco
Sun Feb 22, 2015 10:55 am
 
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 127
Views: 12988

Re: The 8x retirement savings rule

I have to chuckle a little at the posters that think it is so simple to know your expenses and plan for them years in advance. I did not know until a couple of months ago that my health insurance costs would increase by $4,080 this year and that we would lose another $5,000 because we can no longer...
by Garco
Fri Feb 20, 2015 10:10 am
 
Forum: Investing - Theory, News & General
Topic: The 8x retirement savings rule
Replies: 83
Views: 7554

Re: Help novice investor (portfolio review)

Some comments on the TIAA-CREF options. I don't know what you have in mind for this 457b, but at your wife's age I would be a bit more adventuresome. This is just my opinion here, but I have owned T-C funds for 30+ years. I wouldn't roll it over to VG right away for one main reason: TIAA Real Estate...
by Garco
Thu Feb 19, 2015 9:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help novice investor (portfolio review)
Replies: 4
Views: 383

Re: The 8x retirement savings rule

I recall the Bernstein 25X rule. In my post prior to this one (earlier on this page), if I take out the 1/3 of my annual expenses that will be covered by SS, then the 2/3 of my annual expenses that remain is exactly 1/25th of my retirement accumulation. So my situation is consistent with Bernstein's...
by Garco
Thu Feb 19, 2015 6:20 pm
 
Forum: Investing - Theory, News & General
Topic: The 8x retirement savings rule
Replies: 83
Views: 7554

Re: The 8x retirement savings rule

As others have pointed out, this rule has problems. All rules of thumb are just approximations. But everybody uses them. And they can be useful to start your thinking. I'll illustrate how I've used them. I just retired. When I make this calculation, I have accumulated between 13x and 16x my annual e...
by Garco
Thu Feb 19, 2015 3:39 pm
 
Forum: Investing - Theory, News & General
Topic: The 8x retirement savings rule
Replies: 83
Views: 7554

Re: When would you retire money no object?

In my type of career, the product of my work is attributed to me (it's not given to a corporation or otherwise made anonymous). Also, I enjoy my work, and get a lot of satisfaction out of it. It's not something that I do only or mainly to make money. So as long as I could keep working productively, ...
by Garco
Mon Feb 16, 2015 8:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: When would you retire money no object?
Replies: 64
Views: 3244

Re: TIAA-CREF dramatically increasing Expense Ratios

@ResearchMed: my approach was to avoid having T-C be the agent for all of my tax qualified funds in the first place. Any tax-deferred income beyond my base RA went into qualified accounts at Fidelity. Brokerage? Fidelity. RMD's from T-C? To Fidelity brokerage account (net of taxes paid). But I have ...
by Garco
Mon Feb 16, 2015 12:42 pm
 
Forum: Investing - Theory, News & General
Topic: TIAA-CREF dramatically increasing Expense Ratios
Replies: 72
Views: 4794

Re: Pfau: Four Risks of Retirement Income

Just a couple of comments...... I'm not sure that adding (selling) significant quantities of complex instruments to determine optimum portfolio survivability in an 1% advisor fee environment gives me a lot of faith in future real world outcomes. Another week, another study. Obviously, a lot of work...
by Garco
Mon Feb 16, 2015 11:58 am
 
Forum: Investing - Theory, News & General
Topic: Pfau: Four Risks of Retirement Income
Replies: 31
Views: 4296

Re: TIAA-CREF dramatically increasing Expense Ratios

TIAA-CREF has really fallen off a cliff, sad given its roots. In the past, when a poster brought up the company's downfall, he was blasted by TIAA-CREF afecionados. Not anymore. Don't be so crestfallen. When Vanguard starts offering a money market with a 3% yield and a fund that directly owns real ...
by Garco
Sun Feb 15, 2015 6:30 pm
 
Forum: Investing - Theory, News & General
Topic: TIAA-CREF dramatically increasing Expense Ratios
Replies: 72
Views: 4794

Re: Inherited Mutual Funds: Investing advice

Before you sell all those funds, make sure you have the cost basis for each one on the day of your father's death. You'll need to know the number of shares and the price on that day for tax purposes. If you don't have the info now, I would get it from the broker before you pull the trigger. My CPA ...
by Garco
Sat Feb 14, 2015 6:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited Mutual Funds: Investing advice
Replies: 67
Views: 3057

Re: At what point is a 401k/403b/457b not worth it?

For 39 years, I had an employer match of 10% to my contribution of 5%. At that match rate (double my contribution) it was always "worth it." My hunch is it would have been worth it if the employer gave even 2%. On top of my 5% I also contributed to other tax deferred accounts, especially a...
by Garco
Thu Feb 12, 2015 1:47 pm
 
Forum: Investing - Theory, News & General
Topic: At what point is a 401k/403b/457b not worth it?
Replies: 21
Views: 2057

Re: When 60/40 just isn't appropriate

Also, we are living longer and many would like to leave some money behind for family or charities. If that is one's way of thinking does 60/40 or 50/50 have a place for a permanent AA until death? In my mind these two thoughts pull in the opposite direction. If the concern is living longer then you...
by Garco
Sun Feb 08, 2015 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 127
Views: 12988

Re: When 60/40 just isn't appropriate

@Nisiprius. Could it be that people find 60/40 attractive for some mystical reason? It's very close to the "golden ratio" -- https://en.wikipedia.org/wiki/Golden_ratio. I have sometimes gravitated toward something like that in asset allocations of different types, e.g., between growth vs. ...
by Garco
Sat Feb 07, 2015 7:54 pm
 
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 127
Views: 12988

Re: How to respond when someone asks how much money you make

During most of my career my salary was a matter of public record -- for those savvy enough to know where to look, especially after everything went online in the 1990's. How I would answer the question if someone asked me directly would depend on the context. If I'm being asked my current salary by a...
by Garco
Sat Jan 31, 2015 1:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to respond when someone asks how much money you make?
Replies: 107
Views: 10321

Re: RMD withdrawals.

By the way, thanks to the Bogleheads community for significantly helping with my education in investing and RMD's. When my parents died, I was being actively pursued by their ML Adviser. Based on information I gleaned from this website and a book by Rick Ferri I started asking questions about the ~...
by Garco
Thu Jan 29, 2015 1:29 am
 
Forum: Personal Finance (Not Investing)
Topic: RMD withdrawals.
Replies: 43
Views: 3479

Re: Do you have an EF & Taxable Account?

When I think of emergency expenses, I'm thinking of them from the perspective of a recent retiree with a paid-up home and no other loans of any kind, but no income from work. Drawing on Social Security and my RMD's. It's in that context that in my previous post I split my EF into two forms: (a) cash...
by Garco
Sat Jan 24, 2015 6:16 pm
 
Forum: Investing - Theory, News & General
Topic: Do you have an EF & Taxable Account?
Replies: 20
Views: 1533

Re: Do you have an EF & Taxable Account?

I have about 6 months on hand in cash (MMA), and could get another 6 months quickly by borrowing against a home equity line of credit (HELOC).
by Garco
Sat Jan 24, 2015 8:33 am
 
Forum: Investing - Theory, News & General
Topic: Do you have an EF & Taxable Account?
Replies: 20
Views: 1533

Re: How to climb up in a megacorp

My father, who was a senior project engineer in a major aerospace company, had some pretty salty short answers to your question. Some were along the lines of "it's not what you know, it's who you b***" (self-censored). My own advice to younger people is usually pretty plain. Work hard, mak...
by Garco
Fri Jan 23, 2015 11:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to climb up in a megacorp
Replies: 37
Views: 5105

Re: What age did you pay off your "forever" home

We had a 30 year mortgage on our ever-only home, which we still live in. Paid it off at age 62.

We may move post-retirement. There will be no mortgage. It will be a cash deal.
by Garco
Thu Jan 22, 2015 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you pay off your "forever" home
Replies: 52
Views: 4168

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

To piggy back on this a little, do people feel the first $100,000 seemed to take long time to reach and or feel like one of the tougher numbers to reach? I know it was for myself. To be perfectly honest, I scarcely ever noticed what my total accumulation was when it was in that neighborhood (in mid...
by Garco
Wed Jan 21, 2015 5:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you hit $100,000?
Replies: 68
Views: 6026

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

In agreement with Petrocelli's comment, $100K in 1986, which is also the year that I attained that accumulation in my retirement accounts, would be worth about $220,000 in 2015 dollars. I happen to know my accumulation in 1986 because it's my "grandfathered" amount in my 401k. I have no id...
by Garco
Wed Jan 21, 2015 12:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age did you hit $100,000?
Replies: 68
Views: 6026

Re: RMD withdrawals.

The RMD in dollars is the same but the RMD as a percentage of the account could have large excursions. Isn't leaving the RMD invested all year at your IRA AA investing short term money inappropriately? You could end up at the end of the year having to withdraw 8% instead of 4% of the account, for e...
by Garco
Tue Jan 20, 2015 11:35 am
 
Forum: Personal Finance (Not Investing)
Topic: RMD withdrawals.
Replies: 43
Views: 3479

Re: RMD withdrawals.

Christine, that's kind of my thinking. To stock the MM and draw RMD's from there rather than directly from my investments. But I wouldn't put the whole amount into MM at a single point in time -- either end of year or beginning of year. Rather, I would put it there on a quarterly basis, or rather pu...
by Garco
Mon Jan 19, 2015 5:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD withdrawals.
Replies: 43
Views: 3479

Re: RMD withdrawals.

Thanks, Jeff, for the suggestion regarding where to store the cash distribution prior to putting into spending budget. As you note, however, it's still not settled whether end of year or beginning of year is preferred for a single-scoop RMD. I gravitated toward quarterly in part because I think it's...
by Garco
Mon Jan 19, 2015 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD withdrawals.
Replies: 43
Views: 3479

Re: RMD withdrawals.

Having gone back and forth in my thinking about the best timing for RMD's from a strictly financial point of view, I was persuaded by a different voice -- my wife -- who said she really wants to get a "monthly paycheck" to regulate our household spending during the year. Having gone back a...
by Garco
Mon Jan 19, 2015 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD withdrawals.
Replies: 43
Views: 3479

Re: How long did it take your net worth to go from $1.5M to

In my case, that first $100K was accumulated by the end of 1986, after 15 years working in the economy. It took that long in part because I lost 4 years of 8% 401k matching from my first employer when I changed jobs and hadn't reached the 5-years needed to be vested in the plan. By 2015 this lost mo...
by Garco
Mon Jan 19, 2015 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long did it take your net worth to go from $1.5M to $3M?
Replies: 22
Views: 4625

Re: How long did it take your net worth to go from $1.5M to

2007--->2014. But in between it went down to ~1M in early 2009. Also this increase wasn't simply organic. In 2013-2014 I also inherited some money.
by Garco
Sun Jan 18, 2015 11:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long did it take your net worth to go from $1.5M to $3M?
Replies: 22
Views: 4625

Re: Malkiel's recommendations, 1990 to 2015

Gosh, I'm 60+ and my portfolio is remarkably similar (and coincidentally so) to Malkiel's 2015 portfolio. It may be iffy but it's what I am comfortable with in 2015. I wasn't 60+ in 1990....
by Garco
Sun Jan 18, 2015 6:52 pm
 
Forum: Investing - Theory, News & General
Topic: Malkiel's recommendations, 1990 to 2015
Replies: 40
Views: 3883

Re: If your networth is over $3 million, how did you do it?

Work hours per week just isn't something that people in my profession compute. If you want to get ahead as a researcher in academia you are likely to be putting in 60-70 hour weeks routinely, and more than that when deadlines are coming up. A lot of research isn't "creative" work but "...
by Garco
Sun Jan 18, 2015 2:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 301
Views: 46801

Re: What is a good rule of thumb on savings vs salary?

I described my simple approach in the "How Did You get to $3MM" thread. I did not have that total or any other total in mind when I started my career. For one thing I had no idea how my salary would progress from my first year of full-time employment at age 27 (after earning my PhD). That ...
by Garco
Sat Jan 17, 2015 4:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is a good rule of thumb on savings vs salary?
Replies: 20
Views: 3421

Re: If your networth is over $3 million, how did you do it?

At my mother's funeral, I gave a little talk in which I explained how it was that my parents remained married for 73 years. The formula was simple: 1) marry young, 2) live to an old age, and 3) stay married. Accumulating money is sort of like that: 1) get a good foundation (education), 2) stay emplo...
by Garco
Wed Jan 14, 2015 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: If your networth is over $3 million, how did you do it?
Replies: 301
Views: 46801

Re: Should I apply for another credit card?

You currently have $38K of credit available on your cards. Why do you need any more? That said, I do like having my main Visa card with my Credit Union because of ease of transfers from my salary (which is automatically paid to my CU) to credit card and other accounts, including savings and money ma...
by Garco
Wed Jan 14, 2015 9:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I apply for another credit card?
Replies: 5
Views: 506

Re: Net Worth Survey, 2015 Edition

Cool charts. Thank you.
by Garco
Tue Jan 13, 2015 10:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 135
Views: 23260

Re: Net Worth Survey, 2015 Edition

That's a bit easier to see. OK, one more opinion. Your linear trend line is forcing one to look on this as "higher net worth with age" - we don't know that's the case. My first impression is that net-worth peaks around 55-60. Try using a higher order curve-fit. +1 Yes, this curve wants to...
by Garco
Mon Jan 12, 2015 11:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 135
Views: 23260

Re: 401K contributions

I couldn't to that with my base RA, but I maxed out two supplemental accounts for two "years" (at $23K each year) between October of the first year and May of the second year. (I retired in June.) So I jammed about $90K into those accounts over a period of about 8 months.
by Garco
Sun Jan 04, 2015 10:51 am
 
Forum: Personal Finance (Not Investing)
Topic: 401K contributions
Replies: 9
Views: 751

Re: Net Worth Survey, 2015 Edition

It seems clear to me that some of the poll answers are incorrect. Perhaps some people used yearly instead of monthly for assured income (although nobody seems to have done that for SS), or perhaps some included employment income. Some appear to have used yearly salary in answering assured monthly i...
by Garco
Sat Jan 03, 2015 2:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 135
Views: 23260

Re: Net Worth Survey, 2015 Edition

Thanks, Bobblehead, for fixing my double-entry.
by Garco
Fri Jan 02, 2015 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 135
Views: 23260

Re: Net Worth Survey, 2015 Edition

I'll try later. It was a PITA finding my previous listings, so I'm not going to try that part again. Just the current.
by Garco
Thu Jan 01, 2015 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 135
Views: 23260

Re: Net Worth Survey, 2015 Edition

I posted my data last night but it doesn't show up in the spreadsheet. Do you review these before incorporating?
by Garco
Thu Jan 01, 2015 12:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Net Worth Survey, 2015 Edition
Replies: 135
Views: 23260

Re: POLL: How do you make important investment decisions?

For me, simple rules and conventions are a good starting point -- 15% savings rate, age in bonds, 4% SWR. They aren't grounded in superstition but in collective experience. But individual needs and situations vary a lot, depending on age, marital status, family finances (income, wealth, liabilities)...
by Garco
Tue Dec 30, 2014 2:18 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: How do you make important investment decisions?
Replies: 27
Views: 2814

Re: What are you up YTD?

With two more trading days, my total return is 7.07% in 2014 in my main retirement account (this compares to 13.9% TR in 2013). A couple of dvd's yet to be accounted for. A bad (negative return) year in my non-US holdings (which comprise 23% of my equities). My basic AA is not out of line (~48% equi...
by Garco
Tue Dec 30, 2014 12:49 am
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 271
Views: 30225

Re: POLL: How do you make important investment decisions?

I like the 4% SWR rule. It's probably too conservative for my taste but following it gives me confidence b/c on top of following this formula I have a very sizable reserve that I totally leave out of the equation. Sort of like Maverick always having a $1,000 bill pinned inside of his lapel.
by Garco
Sat Dec 27, 2014 11:36 pm
 
Forum: Investing - Theory, News & General
Topic: POLL: How do you make important investment decisions?
Replies: 27
Views: 2814

Re: Stop contributing to 401k to pay off CC

I'm concerned that if you were to stop contributing to the 401k's you'd find too much cash in your pocket, increase your spending, and take longer to restart those contributions than you think. I'm strongly with those who show why it makes sense to keep your contributions going to receive the match,...
by Garco
Sun Dec 21, 2014 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Stop contributing to 401k to pay off CC
Replies: 21
Views: 1336

Re: Newbie and how to manage a large inheritance

There's a lot going on in your post. I think you should take a systematic look at how this "found money" fits into your lifetime investment plan. If this were invested properly, there's a reasonable chance it would amount to $3-4 million+ by the time you reach retirement age. Of course tha...
by Garco
Wed Dec 17, 2014 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie and how to manage a large inheritance
Replies: 15
Views: 1748

Re: What do you splurge on?

Two things I splurge on: 1. RESTAURANTS. When I travel, I often look for the very best restaurant, or among the best or most interesting. One of the true pleasures of my life. Have dined at some of the best in the world over the years. 2. KIDS. Though the kids are grown up, we are always gifting the...
by Garco
Tue Dec 09, 2014 11:26 am
 
Forum: Personal Consumer Issues
Topic: What do you splurge on?
Replies: 237
Views: 24609
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