Search found 267 matches

Return to advanced search

Re: Do we plunder our retirement to pay off student debt?

I don't agree. I think people are missing the fact that you are only saving 4% of your collective income, which is not enough. While it's true that you can get a "safe" return of 6.8% on the student loans, you can get a "safe" and immediate return of 15% in income tax by contribu...
by TSR
Wed Aug 20, 2014 12:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do we plunder our retirement to pay off student debt?
Replies: 30
Views: 2591

Re: Student Loans

Accounting Liked studying it but didn't like the job. Fantasy didn't meet reality. Thats why I wanted to work at a law firm and get a few informational interviews at other law firms before even applying/matriculating to law school. So far, at my job I like it a lot. Its a million times better than ...
by TSR
Wed Aug 13, 2014 3:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Student Loans
Replies: 32
Views: 3224

Re: $65k bonus for student loans...considering not taking it

Do you have control over the $65k, or does your employer pay it directly to your lender? I ask because if your student loans comprise multiple individual loans, that $65k could work an immediate change in your lifestyle that would be really awesome. To wit: if you have six loans total, and three of ...
by TSR
Tue Aug 12, 2014 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: $65k bonus for student loans...considering not taking it
Replies: 30
Views: 3306

Re: Motorcycle for short commute?

Small displacement used Scooter off Craigslist. Stick to reputable brands like Honda, Yamaha, etc. No Chinese knock-offs. It's too hard to find spare parts for them and CL is full of them. Should set you back 1,000 - $2,000. In some states buying 50cc also lets you register it dirt cheap as a moped...
by TSR
Tue Aug 12, 2014 3:36 pm
 
Forum: Personal Consumer Issues
Topic: Motorcycle for short commute?
Replies: 63
Views: 3668

Re: Student Loans

I'm a lawyer. I had about $100,000 in debt and am fighting to pay off my last remaining law school loan (approx. $30,000) about seven years out. Only you can make the choice whether or not to go to law school. Others above have suggested it's not worth it. I've been happy with my choice, but it has ...
by TSR
Tue Aug 12, 2014 10:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Student Loans
Replies: 32
Views: 3224

Re: Student Loans (100k+ with Sallie Mae) & Retirement

I just wanted to chime back in here and comment on your emergency fund. As tempting as it might be just to use it to knock out your small-ish loan at 9.25%, you need to recognize that that's essentially a big gamble -- i.e., a gamble that you won't be in an emergency for the period of time that it w...
by TSR
Wed Aug 06, 2014 11:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Student Loans (100k+ with Sallie Mae) & Retirement
Replies: 16
Views: 1311

Re: When is a 3.75% load worth it?

(snip) To your last point, every fund in your (or my) portfolio has periods of under and over performing. By your logic you'd reject all such funds and have no portfolio. (snip) Someone else is going to say it, so let me just add to the chorus, but you're wrong here. Index funds do not have "p...
by TSR
Wed Aug 06, 2014 11:04 am
 
Forum: Investing - Theory, News & General
Topic: When is a 3.75% load worth it?
Replies: 79
Views: 5248

Re: Student Loans (100k+ with Sallie Mae) & Retirement

I'm a big fan of doing "both," (and I agree with jimb_fromATL in his posts here and elsewhere: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=136385), but you've got a real wall of loans there (I started with about $100,000, so I feel you). I think if I were you, I would be really...
by TSR
Tue Aug 05, 2014 12:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Student Loans (100k+ with Sallie Mae) & Retirement
Replies: 16
Views: 1311

Re: Lawyer Up? Advice Needed

Do you personally know any lawyers? If you do, regardless of their specialties, ask them if they know any reputable personal-injury attorneys with experience in products liability and/or medical malpractice. Either should be a good option. This is likely a very easy case from a liability standpoint ...
by TSR
Thu Jul 24, 2014 2:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obtaining Legal Counsel?
Replies: 51
Views: 3405

Re: Any Experts on Corporate Law? (Was "LPs")

I am not by any means an expert on corporate law, and I can't quite tell if your main question is about TAX treatment only (if so, I can't help much). But the big reason people want to be limited partners is that the LPs get the benefits of the partnership (including favorable tax treatment) without...
by TSR
Thu Jul 17, 2014 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any Experts on Corporate Law? (Was "LPs")
Replies: 10
Views: 1039

Re: Paid off student loans...now what?

Congrats! I agree that you need an emergency fund -- you could potentially stash this in a Roth IRA or some iBonds, but good ol' cash is probably the best for right now. After that, one "next" step you can take is to see just how much you can plug into your 401k and your Roth every year, w...
by TSR
Fri Jul 11, 2014 10:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Paid off student loans...now what?
Replies: 3
Views: 709

Re: TSP vs. IRA?

I'd like to offer a different perspective on the Traditional TSP versus Roth TSP decision you're considering. As a federal employee, I assume you'll ultimately receive a FERS defined benefit pension. That pension alone may fill up a good portion of your lower tax brackets, perphas even placing you ...
by TSR
Wed Jul 09, 2014 2:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: TSP vs. IRA?
Replies: 17
Views: 1483

Re: Wife was hit by car while riding on bicyle. Next Step?

A lawyer will think of things you might not have considered. How best to handle the hospital/insurance lien on any payment from the insurance company? What will be the tax treatment of any settlement, and is there any way to minimize it? (I.e., will it be classified as "personal injury" da...
by TSR
Wed Jul 09, 2014 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife was hit by car while riding on bicyle. Next Step?
Replies: 46
Views: 5627

Re: TSP vs. IRA?

5) Roth vs. Traditional: I could stand to do more research on this, but I think Roth makes more sense for me at the moment. I'm likely in the lowest tax bracket I'll ever be in, especially if I marry someone who makes more money than I do. I make $65k and my future earning potential could triple th...
by TSR
Tue Jul 08, 2014 2:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: TSP vs. IRA?
Replies: 17
Views: 1483

Re: TSP vs. IRA?

I don't think there's enough in your post for me to say this with any certainty, but I have a hunch* that you have not fully considered your choice between the Roth TSP and the Traditional TSP. Again acknowledging that I do not have enough information about your finances, my suggestion would be for ...
by TSR
Tue Jul 08, 2014 11:17 am
 
Forum: Investing - Help with Personal Investments
Topic: TSP vs. IRA?
Replies: 17
Views: 1483

Re: Paying for/negotiating price of oral surgery

Great responses from everyone, (especially) including the "tough love" responses. I really appreciate everyone's insights and experience. I'll let you know if I come up with something clever, and please feel free to keep making suggestions!
by TSR
Thu Jul 03, 2014 12:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying for/negotiating price of oral surgery
Replies: 21
Views: 1483

Re: Paying for/negotiating price of oral surgery

Do federal employee's have access to health savings accounts (HSA)? If yes, you could enroll for the estimated amount of the surgery and pay for the operation with pre-tax dollars. This would save 15%-25% depending on your marginal tax rate. Grr. I should have thought of this. Thank you! You might ...
by TSR
Mon Jun 30, 2014 11:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for/negotiating price of oral surgery
Replies: 21
Views: 1483

Re: Paying for/negotiating price of oral surgery

indexmeasap wrote:Do federal employee's have access to health savings accounts (HSA)? If yes, you could enroll for the estimated amount of the surgery and pay for the operation with pre-tax dollars. This would save 15%-25% depending on your marginal tax rate.


Grr. I should have thought of this. Thank you!
by TSR
Mon Jun 30, 2014 5:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for/negotiating price of oral surgery
Replies: 21
Views: 1483

Re: Paying for/negotiating price of oral surgery

There are so many things I would love to discuss with you about this but for the sake of time and that this isn't a board for providing medical/dental advice I will only leave you with the following recs (I hope you look at my name and take these things to heart). 1. Most dental work, whether perfo...
by TSR
Mon Jun 30, 2014 5:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for/negotiating price of oral surgery
Replies: 21
Views: 1483

Re: Paying for/negotiating price of oral surgery

One of the advantages of some dental insurance plans is that they may provide a partial oral surgery benefit. That benefit could not only reduce the price of the surgery, because the provider agrees to the negotiated rate established by the insurance company, but may also reduce your own out-of-poc...
by TSR
Mon Jun 30, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for/negotiating price of oral surgery
Replies: 21
Views: 1483

Paying for/negotiating price of oral surgery

Friends, I need gum grafts. I have a family history of gum recession, and everyone (multiple dentists, periodontist) agrees that it is time to get it fixed. Apparently I need to get gum grafts on six lower teeth. The periodontist said that I am at "Stage 2" out of 4 (1 being less bad, 4 be...
by TSR
Mon Jun 30, 2014 4:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying for/negotiating price of oral surgery
Replies: 21
Views: 1483

Re: How compelling is the TIAA Real Estate fund?

Friends, this has been truly helpful. For me (with no access to TREA), it has been intellectually interesting. For my girlfriend, it has been extremely practical advice. We are both grateful. As for actual choices, after reading and discussing she has at least preliminarily decided to stick with a t...
by TSR
Tue Jun 17, 2014 10:30 am
 
Forum: Investing - Help with Personal Investments
Topic: How compelling is the TIAA Real Estate fund?
Replies: 85
Views: 4586

Re: How compelling is the TIAA Real Estate fund?

Thank you to all for your thoughts (keep 'em coming!). Livesoft, I very much appreciate the contrarian position as well. Do you have any opinions on the TIAA Traditional Annuity referenced above? To answer others' questions, she does have access to that fund as well.
by TSR
Mon Jun 16, 2014 3:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: How compelling is the TIAA Real Estate fund?
Replies: 85
Views: 4586

Re: How compelling is the TIAA Real Estate fund?

When I consider putting some of my T-C money into TREA, I stumble when I consider the expense ratio: 0.87%. Instead, I put money into Vanguard REIT Index Fund Admiral Shares (VGSLX), which has an E.R. of 0.10%. The chart of TREA's performance since 2010 is very impressive, but the E.R. stops me col...
by TSR
Mon Jun 16, 2014 2:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: How compelling is the TIAA Real Estate fund?
Replies: 85
Views: 4586

Re: How compelling is the TIAA Real Estate fund?

A couple of strong votes for TREA. Thank you both. Thanks to Steve R for the detailed suggestions on allocation, and good thought on using the Roth as a way to make things a little less conservative.

Would still love to hear from the cons out there....
by TSR
Mon Jun 16, 2014 1:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: How compelling is the TIAA Real Estate fund?
Replies: 85
Views: 4586

How compelling is the TIAA Real Estate fund?

My girlfriend* is starting out in a faculty position at a small liberal arts college this fall after completing many years of schooling. As a result of a number of grants but no technical "salary," she has some decent savings but not much experience with workplace retirement programs. Her ...
by TSR
Mon Jun 16, 2014 12:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: How compelling is the TIAA Real Estate fund?
Replies: 85
Views: 4586

Re: What would "you" do?? [in this case]

Guys, Thanks all for replying and providing feedback...it's given me much to think about and figure out. It's all pretty overwhelming for me...I'm still in the process of learning the basics of finances, saving, what all options are there.....and other things in life...what's important, what's not....
by TSR
Thu Jun 12, 2014 11:44 am
 
Forum: Investing - Help with Personal Investments
Topic: What would "you" do?? [in this case]
Replies: 50
Views: 3894

Re: What would "you" do?? [in this case]

I'm 35 and have some thoughts, though as others have pointed out, you have your own needs that may be different from mine. Here are my thoughts for how I would use that money if I were in your situation, which assume that I don't need to get some "fun" out of my system and that I want all ...
by TSR
Wed Jun 11, 2014 11:38 am
 
Forum: Investing - Help with Personal Investments
Topic: What would "you" do?? [in this case]
Replies: 50
Views: 3894

Re: TSP and Vanguard Retirement Investment Advice

I appreciate your willingness to set and adjust your asset allocation, but I prefer to let the TSP folks do it for me. In your case I would recommend going 100% L2040 (just because it has slightly more bonds than L2050 and might bring you closer to your goal of 20% across your whole portfolio). You ...
by TSR
Thu Jun 05, 2014 4:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: TSP and Vanguard Retirement Investment Advice
Replies: 23
Views: 2900

Re: Pay Debt or Invest @ 30 y/o?

Remember also that your tax-advantaged retirement space is use-or-lose -- right now you can pocket 25% tax savings for your 401k contributions This is a good point to consider. Psychologically, it is kind of lame to crawl your way back to zero and realize that you're still at zero. This makes no lo...
by TSR
Wed Jun 04, 2014 11:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Pay Debt or Invest @ 30 y/o?
Replies: 18
Views: 1652

Re: Two Comma Club!

Congrats! I'll also just say that I really appreciate the advice you've given to others who have come into windfalls.
by TSR
Wed Jun 04, 2014 11:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Two Comma Club!
Replies: 55
Views: 5702

Re: Pay Debt or Invest @ 30 y/o?

I feel very strongly that the answer is "as much of both as you can do." In the past seven or so years, I've paid off around $70,000 in student-loan debt and I've saved more than $200,000 toward retirement. I'd be happy with either, but I'm MUCH happier with both. Psychologically, it is ki...
by TSR
Tue Jun 03, 2014 12:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pay Debt or Invest @ 30 y/o?
Replies: 18
Views: 1652

Re: Home security systems

I have had at least one very unpleasant experience with getting out of a contract from one of these companies and I will never do it again.* If you do go with one of them, be sure to do it contract-free. Also, read Consumer Reports on the subject -- last I remember, they disliked the entire industry...
by TSR
Mon Jun 02, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home security systems
Replies: 23
Views: 2090

Re: Worst "Large purchase" ever?

Bought my first house in 2009 and sold it this year. Lost a little over 70k after paying for the real estate agent fees. But I don't regret the purchase. We enjoyed the house and it was much nicer than any rental house available. Legitimately curious: does your $70k loss subtract five years of avoi...
by TSR
Tue May 27, 2014 10:54 am
 
Forum: Personal Consumer Issues
Topic: Worst "Large purchase" ever?
Replies: 110
Views: 11729

Re: How to Attack Wife's Student Loans

With the student loans of $14k (~6600 and 6900 each) at 6.8% interest , and a $20k 10 month emergency fund, here is what you could do: 1. pay off one loan, $6.9k (leaves 6 -7 months of emergency fund); 2. fund a Roth IRA for her at $5.5k, in a short term bond fund, to use as part of the emergency f...
by TSR
Fri May 23, 2014 11:18 am
 
Forum: Investing - Help with Personal Investments
Topic: How to Attack Wife's Student Loans
Replies: 25
Views: 1888

Re: Rhetorical Question? How 4% inflation kills 401k and IRA

"the return is sad"

Just so we understand your question better, what else were you planning on doing with your money that would not be affected by inflation?
by TSR
Tue May 20, 2014 4:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rhetorical Question? How 4% inflation kills 401k and IRA?
Replies: 40
Views: 2547

Re: Introduction and my situation

Your mortgage rate seems pretty high -- did you consider refinancing? I also mention this because it looks like you guys have the cash on hand to pay off your mortgage in one lump sum and still have a small-ish emergency fund (counting the bonds). I'm not suggesting that's what you should do, especi...
by TSR
Thu May 15, 2014 5:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Introduction and my situation
Replies: 16
Views: 1715

Re: Inheriting Series EE Savings Bonds question

This is slightly off topic and more than a little bit speculative, but if your brother has been convicted of a white-collar crime it is possible (probable?) that he has an outstanding order of restitution and/or forfeiture against him as a result of his conviction. Among other problems, such an ord...
by TSR
Mon May 12, 2014 4:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inheriting Series EE Savings Bonds question
Replies: 5
Views: 485

Re: Friend needs assistance with Student Loans

You might have her post, if she'd be willing to do that. I understand that some people just want the stamp of approval from someone they've paid money to, in which case do make sure it's someone who is fee-only and not interested in selling her things. Likewise, a lot of people here report good resu...
by TSR
Mon May 12, 2014 2:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Friend needs assistance with Student Loans
Replies: 10
Views: 580

Re: Inheriting Series EE Savings Bonds question

This is slightly off topic and more than a little bit speculative, but if your brother has been convicted of a white-collar crime it is possible (probable?) that he has an outstanding order of restitution and/or forfeiture against him as a result of his conviction. Among other problems, such an orde...
by TSR
Mon May 12, 2014 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inheriting Series EE Savings Bonds question
Replies: 5
Views: 485

Re: Friend needs assistance with Student Loans

If you (or she) can give us a clearer picture of what the total debt-load is, how the individual loans are broken out (amount, interest rate, and period), what her monthly expenses are, and information like that, folks here would be more than happy to help. She could undoubtedly see a fee-only advis...
by TSR
Mon May 12, 2014 1:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Friend needs assistance with Student Loans
Replies: 10
Views: 580

TSP password enhanced today

I was gratified to see that when I logged into the TSP site today, I was prompted to change my password to something with at least ten digits, at least one capital and one lowercase letter, one number, and one special character. Greater password security has been a long time coming for the TSP and I...
by TSR
Mon May 12, 2014 11:03 am
 
Forum: Personal Finance (Not Investing)
Topic: TSP password enhanced today
Replies: 15
Views: 1363

Re: "Get out of bond funds"

"You shall go to bed as soon as you please," replied Penelope, "now that the gods have sent you home to your own good house and to your country. But as heaven has put it in your mind to speak of it, tell me about the task that lies before you...." "My dear," answered U...
by TSR
Sun May 11, 2014 12:13 pm
 
Forum: Investing - Theory, News & General
Topic: "Get out of bond funds"
Replies: 147
Views: 22742

Re: Graduation Announcements

I don't honestly know if these folks would like you to send cash, but they might just be happy to brag about their children (a sincere instinct if ever there were one). Perhaps send a card in return along the lines of "Warmest congratulations on your [son's/daughter's] accomplishment." Or ...
by TSR
Sun May 11, 2014 11:51 am
 
Forum: Personal Consumer Issues
Topic: Graduation Announcements
Replies: 4
Views: 516

Re: CNBC - 4% doctors are millionaires!!

As Nisi nicely pointed out that it is 4% off all the millionaires are doctors and NOT that only 4% of doctors are millionaires. What is interesting is that JD and MD are roughly the same proportion of the millionaires out there. They both require postcollege education at the similar level of years,...
by TSR
Thu May 08, 2014 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: CNBC - [Among millionaires, 4% are doctors]
Replies: 100
Views: 10974

Re: Obligations to help parents financially?

I wouldn't give them a DIME until after the bankruptcy is done. Any money you help with may mess up that process because the claim could be made they have financial support. BTW, there ARE ways to discharge student loans. It's not easy, but an aggressive bankruptcy attorney may be able to get some ...
by TSR
Thu May 08, 2014 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obligations to help parents financially?
Replies: 77
Views: 7107

Re: Tips for paying off student loans

I'm unfamiliar with the idea of "consolidating but still being able to pay off individual loans," so it might be helpful for you to break out the individual loans that you can separately pay off so that people here can understand what the interest rate is, what the total amount is, and wha...
by TSR
Wed May 07, 2014 3:31 pm
 
Forum: Personal Consumer Issues
Topic: Tips for paying off student loans
Replies: 11
Views: 727

Re: Roll over good 401(k) into TSP?

Once you start investing in the TSP, you will probably come to love it for its simplicity and low cost. Absolutely no reason not to roll the 401k into it (I did with mine), so go ahead and do it soon.

Best of luck!
by TSR
Sat May 03, 2014 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roll over good 401(k) into TSP?
Replies: 4
Views: 401
Next

Return to advanced search