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Re: Adding low cost index funds to 457b? What's involved?

Do you have an oversight committee that advises the CFO (or whoever is the plan's fiduciary)? My employer does, and we have an average weighted ER of .26% plus the plan cost of .33%. No revenue sharing on funds, which is presumably one of the ways Mass Mutual makes money.
by anonenigma
Tue Oct 28, 2014 10:17 am
 
Forum: Investing - Theory, News & General
Topic: Adding low cost index funds to 457b? What's involved?
Replies: 8
Views: 688

Re: Portfolio Question - 457 Plan with High Expense Ratios?

Plan level expenses are unavoidable. The governmental 457b that I am in charges 0.37% for a plan with about $70 million in assets. It will likely be going down in the next two years. The investment choices are another story, and you have to look into whether there's any revenue sharing going on - if...
by anonenigma
Mon Oct 13, 2014 9:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Question - 457 Plan with High Expense Ratios?
Replies: 16
Views: 1154

Re: Hyundai vs. Toyota

If you have an AutoZone nearby, you can have them read the code for free and they'll give you a little printout with the most likely causes in order. I don't always tackle the problem in that order though, as sometimes it is better to go from cheap to expensive (hey, if spark plugs can be a problem...
by anonenigma
Tue Oct 07, 2014 7:31 pm
 
Forum: Personal Consumer Issues
Topic: Hyundai vs. Toyota
Replies: 45
Views: 4701

Re: Hyundai vs. Toyota

My Camry is 15 years old and the Check Engine light has been on for the past few months. This is not generally a problem, but I won't pass the required smog check unless I spend some money to get it turned off. It cost me a few hundred dollars two years ago to accomplish that - annoying how it's no...
by anonenigma
Mon Oct 06, 2014 9:28 am
 
Forum: Personal Consumer Issues
Topic: Hyundai vs. Toyota
Replies: 45
Views: 4701

Re: Hyundai vs. Toyota

flyingaway wrote:Backup camera will be a REQUIRED thing in all cars sold in the U.S. in 2015 or 2016.


By May, 2018. Can't wait that long.

http://money.cnn.com/2014/03/31/autos/r ... index.html
by anonenigma
Sun Oct 05, 2014 3:48 pm
 
Forum: Personal Consumer Issues
Topic: Hyundai vs. Toyota
Replies: 45
Views: 4701

Hyundai vs. Toyota

My Camry is 15 years old and the Check Engine light has been on for the past few months. This is not generally a problem, but I won't pass the required smog check unless I spend some money to get it turned off. It cost me a few hundred dollars two years ago to accomplish that - annoying how it's not...
by anonenigma
Sun Oct 05, 2014 3:09 pm
 
Forum: Personal Consumer Issues
Topic: Hyundai vs. Toyota
Replies: 45
Views: 4701

Re: Ira, 403b or 457b or other suggestions?

TIAA-CREF is the best of your 403b options - the only one worth considering.
by anonenigma
Fri Oct 03, 2014 9:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Ira, 403b or 457b or other suggestions?
Replies: 8
Views: 546

Re: CalSTRS 403(b) Pension2 to migrate to Voya/ING

The cost will not go up and may go down, as Voya will be charging CalSTRS slightly less than TIAA-CREF did.

CalSTRS is contemplating some changes to the funds (beyond the loss of the TIAA-CREF options), but these will be improvements.

You won't have to worry about Voya in this change.
by anonenigma
Sat Sep 13, 2014 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: CalSTRS 403(b) Pension2 to migrate to Voya/ING
Replies: 16
Views: 1624

Re: CalSTRS 403(b) Pension2 to migrate to Voya/ING

The fund lineup will not change except for the TIAA-CREF funds. Stay where you are. Voya appears to be a very competent administrator, but it's CalSTRS's plan, and the choices are excellent.
by anonenigma
Thu Sep 11, 2014 7:35 pm
 
Forum: Investing - Theory, News & General
Topic: CalSTRS 403(b) Pension2 to migrate to Voya/ING
Replies: 16
Views: 1624

Re: Nipomo/Pismo/Obispo: Where to stay?

We like Back Bay Inn in Los Osos/Baywood Park. Good Thai a couple of blocks away at Noi's. Includes a decent free breakfast on site. Montana De Oro State Park is nearby and gorgeous. Avoid the waterfront restaurants in Morro Bay, though the restaurant (there's only one) in the Morro Bay State Park i...
by anonenigma
Thu Sep 04, 2014 2:07 am
 
Forum: Personal Consumer Issues
Topic: Nipomo/Pismo/Obispo: Where to stay?
Replies: 18
Views: 976

Re: Zegna Suits

I've been a fan of Joseph Abboud suits, which I used to buy on sale at Nordstrom. I very much like the quality, and they fit me perfectly without alterations (other than finishing the legs). I believe that the company was recently bought out by Men's Wearhouse. Take a look. Should be under $700.
by anonenigma
Mon Aug 25, 2014 11:39 am
 
Forum: Personal Consumer Issues
Topic: Zegna Suits
Replies: 197
Views: 9874

Bedbugs and Wood Furniture

My mother's apartment, in a large building, has had bedbug issues over the past few months. The apartment has been treated multiple times, but bedbugs are notoriously difficult to get rid of. Mom is giving up her apartment and moving to assisted living (not due to the bedbugs), and there are a few p...
by anonenigma
Sat Aug 23, 2014 12:19 pm
 
Forum: Personal Consumer Issues
Topic: Bedbugs and Wood Furniture
Replies: 3
Views: 759

Re: College Counselors

Focus on the UCs, especially since he wants a larger school. They're highly rated and a great deal for students who qualify for in-state tuition. Take a couple of road trips and see the campuses in person. If his SAT is just okay, focus on all but UCB, UCLA and UCSD. Davis, Irvine and Santa Barbara ...
by anonenigma
Sun Aug 17, 2014 2:20 am
 
Forum: Personal Consumer Issues
Topic: College Counselors
Replies: 44
Views: 2664

Re: Medicare or Other for Caregiver Emergency?

What kind of care does your father need? Does someone need to be there 24x7, or does he just need help for a few hours a day? Does he need care for medical issues or just assistance with basic tasks? I doubt that Medicare will help much with this, as it's your mother who is having the surgery. There...
by anonenigma
Sun Aug 17, 2014 2:10 am
 
Forum: Personal Consumer Issues
Topic: Medicare or Other for Caregiver Emergency?
Replies: 7
Views: 471

Re: Is Medigap insurance really needed?

One more thing. As I understand it, Medicare covers 100% of all hospitalizations plus lab tests and medications during a hospitalization - after the deductible is paid. What I've seen from my parents' hospitalizations is small charges from doctors, including those who read x-rays and EKGs.
by anonenigma
Sat Aug 02, 2014 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Medigap insurance really needed?
Replies: 83
Views: 4558

Re: Is Medigap insurance really needed?

Very provocative. I'd had that thought about my mother but decided to play it safe and keep a Medicare F supplement in place. In addition to what the doctor discusses, it covers additional days in skilled nursing (if needed - pretty unlikely) as well as the fees of doctors who do not accept Medicare...
by anonenigma
Sat Aug 02, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Is Medigap insurance really needed?
Replies: 83
Views: 4558

401(k) to SEP or Roth

My wife, who is 44, has about $30,000 in a 401(k) from a job she left two years ago. Planning to move to VG, where she has both a SEP and a Roth. Given her age, is it smarter to pay the tax (25% federal plus 7-8% state - assume there's no self-employment tax) and go Roth?

Thanks for your guidance.
by anonenigma
Sat Jul 26, 2014 11:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401(k) to SEP or Roth
Replies: 1
Views: 185

Re: 2 days in San Francisco

Consider a couple of hours in North Beach, home of the Beat poets and San Francisco's Italian community. Visit City Lights Bookstore, have an amazing sandwich from Molinari's (eat it in Washington Square Park?), and an espresso at Cafe Trieste. Perhaps purchase of pound of coffee beans at Graffeo an...
by anonenigma
Fri Jul 18, 2014 10:16 pm
 
Forum: Personal Consumer Issues
Topic: 2 days in San Francisco
Replies: 25
Views: 1761

Re: Teacher Considering Career Change

The administration at your school may well have been toxic, but it all comes down to how you feel about the kids. If you fundamentally enjoy working with them, teaching is a great profession. Also, how deeply do you believe in the importance of your subject matter? You were an econ major teaching ma...
by anonenigma
Thu Jul 17, 2014 2:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Teacher Considering Career Change
Replies: 49
Views: 3981

Re: Continue subscribing to local newspaper?

Dropped L.A. Times a few years ago because its coverage of education (my field) is totally dishonest.

We happily pay for the New York Times to be delivered, though we mostly read it online.
by anonenigma
Sat Jul 05, 2014 3:20 pm
 
Forum: Personal Consumer Issues
Topic: Continue subscribing to local newspaper?
Replies: 86
Views: 6552

Re: Anyone use Wells Fargo Bank?

I've been with Wells Fargo for more than 40 years - they were the bank on campus. I haven't had any negative episodes, and I don't recall paying them fees. I just keep the required minimum balance in my checking account, and that's that. Their bill pay is excellent. Their ATMs are better than those ...
by anonenigma
Tue Jul 01, 2014 11:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Wells Fargo Bank?
Replies: 57
Views: 7908

Re: No Foreign Transaction Fee, No Annual Fee

Amex Platinum card doesn't charge the foreign transaction fees (or will refund them if such shows up), according to the rep just now. Yes, yes, the annual fee is high. We make up for it many times over each year with the other direct monetary perks, in addition to often getting free upgrades (even ...
by anonenigma
Sat Jun 28, 2014 1:55 am
 
Forum: Personal Finance (Not Investing)
Topic: No Foreign Transaction Fee, No Annual Fee
Replies: 33
Views: 4853

Re: Favorite guitarist...

Paco de Lucia, Julian Bream, Antonio Bribiesca, Barney Kessel, Django Reinhardt, Andres Segovia
by anonenigma
Sat Jun 07, 2014 4:52 pm
 
Forum: Personal Consumer Issues
Topic: Favorite guitarist...
Replies: 207
Views: 21286

Re: Restaurants in New York City?

Luzzo's for pizza. Junior's for strawberry cheesecake. Russ and Daughters for smoked fish (not sit down). Second Avenue Deli for deli. Cafe Mogador.
by anonenigma
Tue May 20, 2014 2:41 am
 
Forum: Personal Consumer Issues
Topic: Restaurants in New York City?
Replies: 42
Views: 2932

Re: Why did I just get a 2012 CA income tax refund check?

I didn't get a check from FTB, but I did get a bill recently (May 7th) for just under $1,200. I called FTB and, while I was waiting on the phone for half an hour, compared the bill with my return. It didn't take long to figure out what happened: They had not credited the check I mailed with my retur...
by anonenigma
Sun May 18, 2014 10:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Why did I just get a 2012 CA income tax refund check?
Replies: 15
Views: 1475

Re: "Moshe Milevsky on Tontines"

I knew about tontines because of the television series, "The Wild, Wild West," which had an episode titled, "The Night of the Tottering Tontines."

http://www.imdb.com/title/tt0748583/
by anonenigma
Sat May 17, 2014 9:00 pm
 
Forum: Investing - Theory, News & General
Topic: "Moshe Milevsky on Tontines"
Replies: 28
Views: 2682

Re: 403b Mess

They are exempt from ERISA.

It doesn't appear like there are any good choices there.

In response to the poster who mentioned PlanMember Services, all of their offerings are extremely high cost except the Direct. Watch out for them.
by anonenigma
Sat May 03, 2014 1:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b Mess
Replies: 8
Views: 730

Re: True cost of owning a house

The New York Times has an interactive graphic on this - might help refine your methodology:

http://www.nytimes.com/interactive/busi ... lator.html
by anonenigma
Tue Apr 29, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: True cost of owning a house
Replies: 47
Views: 3552

Re: Success with free extended warranty benefit from cred ca

Through the years I have had to use the AMEX warranty three or four times, and every time they have been fantastic and fast.
by anonenigma
Fri Apr 18, 2014 8:20 pm
 
Forum: Personal Consumer Issues
Topic: Success with free extended warranty benefit from cred cards?
Replies: 14
Views: 1434

Re: Overcontribution to 401k, how to reflect that on my taxe

Sounds like you did it wrong. Self employed person's SEP goes on 1040 as an income adjustment. Only employees' contribution goes on sch. c. IRS might pick up on the mistake if the contribution is more than 25 percent of w-2 total wages(if any at all). And you should not go ahead with showing a dedu...
by anonenigma
Mon Apr 14, 2014 6:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Overcontribution to 401k, how to reflect that on my taxes
Replies: 14
Views: 693

Re: Overcontribution to 401k, how to reflect that on my taxe

I just did something similar with my wife's SEP, and it was hard to figure out. If there were earnings associated with the money you withdrew, those earnings will be taxed as regular income in 2014, BUT there will be a 10% penalty on those earnings on your 2013 return. In TurboTax, I had to create ...
by anonenigma
Mon Apr 14, 2014 5:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Overcontribution to 401k, how to reflect that on my taxes
Replies: 14
Views: 693

Getting Out of Contract w/ATT Uverse

We have the misfortune of having our internet and home phone service with ATT Uverse. For the past six days, since they had a national outage, we have had neither internet nor home phone service. I have spent nearly three hours on the phone with them, and while the customer service reps are nice, no...
by anonenigma
Mon Apr 14, 2014 5:28 pm
 
Forum: Personal Consumer Issues
Topic: Getting Out of Contract w/ATT Uverse
Replies: 3
Views: 642

Re: Overcontribution to 401k, how to reflect that on my taxe

I just did something similar with my wife's SEP, and it was hard to figure out. If there were earnings associated with the money you withdrew, those earnings will be taxed as regular income in 2014, BUT there will be a 10% penalty on those earnings on your 2013 return. In TurboTax, I had to create a...
by anonenigma
Mon Apr 14, 2014 5:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Overcontribution to 401k, how to reflect that on my taxes
Replies: 14
Views: 693

Re: Can you Max out 2 457b plans during the same year?

Yes, my old job has both, 457b and 401k plans now. I've only used the 457b, but I could open a 401K and put the max $23,000 in it. I'll put $17,500 into my 457b and open a 401K and max it out with $23,000. I could then rollover the 401K to Vanguard IRA. But because of my income, I can not add any m...
by anonenigma
Fri Apr 11, 2014 2:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Can you Max out 2 457b plans during the same year?
Replies: 12
Views: 866

Re: Can you Max out 2 457b plans during the same year?

You can't max out both - that's for sure.

Does your current job have a 403(b) or 401(k) to which you can contribute?
by anonenigma
Wed Apr 09, 2014 11:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can you Max out 2 457b plans during the same year?
Replies: 12
Views: 866

Re: New TV or Sound bar?

I'm happy with the Sony 660 sound bar. Lists for $399 but Amazon is selling it for about $290.
by anonenigma
Wed Apr 09, 2014 9:33 pm
 
Forum: Personal Consumer Issues
Topic: New TV or Sound bar?
Replies: 38
Views: 3509

Re: Tax Question: Overcontribution to SEP

Confusing stuff. I think I have figured out the substitute 1099-R, since Vanguard won't send one until 2015 even though this is for 2013 taxes. Final question: Since the 1099-R shows the return of the contribution, do a keep the full original contribution amount on the Schedule C or reduce it to the...
by anonenigma
Sat Apr 05, 2014 4:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Question: Overcontribution to SEP
Replies: 9
Views: 504

Tax Question: Overcontribution to SEP

In my wife's first year as a consultant, I was a little too aggressive with the employer contribution to her SEP. I had Vanguard return $2,500, which yielded a check for $2,601. Am I correct that the contribution returned just becomes income for 2013 and the dividends the contribution earned will be...
by anonenigma
Sat Apr 05, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Question: Overcontribution to SEP
Replies: 9
Views: 504

Re: California getaway

Fly into L.A. Drive to Back Bay Inn just south of Morro Bay via Santa Ynez Valley, stopping at the Los Olivos Grocery for lunch and Beckmen and Brander wineries for tastings (maybe free tickets from Los Olivos Grocery). Back Bay Inn is nice, relaxed, reasonably priced - Noi's Thai food in town. Driv...
by anonenigma
Wed Mar 05, 2014 9:19 pm
 
Forum: Personal Consumer Issues
Topic: California getaway
Replies: 42
Views: 2396

Re: Move to California means what $ ?

If wine is a big motivator, consider Central California as a less expensive alternative. There are great wineries in Paso Robles.
by anonenigma
Tue Mar 04, 2014 2:14 am
 
Forum: Personal Consumer Issues
Topic: Move to California means what $ ?
Replies: 55
Views: 4686

Re: The Great 100 thousand dollar pension question.

Double check whether the five years of airtime count toward the 25 year service requirement. I bought five year of airtime in my state teachers retirement system (before it was no longer permitted) but it did not count toward any of the longevity incentives. Otherwise, as long as your pension is gua...
by anonenigma
Sun Mar 02, 2014 12:35 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 71
Views: 8979

Group Term Life Via Employer

I know nothing about life insurance but just received an offer from my school district (vendor is ING) for supplemental group term life. I'd like to know if it's a good deal or not. Cost per month per thousand dollars of benefit is $0.222 for ages 55-59 and $0.317 for ages 60-64. For five times my s...
by anonenigma
Sat Mar 01, 2014 5:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Group Term Life Via Employer
Replies: 20
Views: 1198

Re: Nice couches are pricey, where I can get them for less?

There's a whole universe of knockoffs. We recently bought a Baxton Studio club chair that was clearly "inspired" by a chair at Crate and Barrel. Both original and knockoff were very comfortable, but the knockoff was about $360 compared to $1199 at Crate and Barrel. I purchased from Oversto...
by anonenigma
Sun Feb 16, 2014 11:23 pm
 
Forum: Personal Consumer Issues
Topic: Nice couches are pricey, where I can get them for less?
Replies: 43
Views: 4357

Re: Net Worth Survey 2014 Interactive Dashboard

I didn't do the survey, but I'm curious as to what multiplier was used to assess the value of a pension with (and without) COLA.
by anonenigma
Mon Feb 10, 2014 11:15 am
 
Forum: Investing - Theory, News & General
Topic: Net Worth Survey 2014 Interactive Dashboard
Replies: 27
Views: 5364

Re: Cost Analysis: Living in CA vs the South

I live in a 2 br. apt in the City of Los Angeles, so electric is with muni DWP. Allow $50 a month w/o any AC. If the city picks up your trash, add another $5 a month. For gas, figure $130 in a very cold month and $15 in a month in which the heat is never used. Average it at $60-70. Figure total util...
by anonenigma
Thu Jan 30, 2014 4:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Cost Analysis: Living in CA vs the South
Replies: 79
Views: 6007

Re: good coffee grinder and roaster

I use a Capresso 560 burr grinder - around $90 at Amazon. It doesn't burner the coffee, which fast grinders do.
by anonenigma
Sun Jan 26, 2014 1:05 am
 
Forum: Personal Consumer Issues
Topic: good coffee grinder and roaster
Replies: 19
Views: 1420

Re: TIAA Traditional in IRA - PAYING just 1%

Of course, they won't have many new deposits offering that rate, so all they're doing is driving away customers. I just opened a Roth with Vanguard and will direct my 2014 contribution there. What's troubling to me is that a 3% minimum was promised when I opened the account. They're sticking to that...
by anonenigma
Mon Jan 20, 2014 6:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional in IRA - PAYING just 1%
Replies: 15
Views: 1095

Re: Constructive Criticism and Tough Love

Who is John Galt? “There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged . One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, un...
by anonenigma
Sun Jan 19, 2014 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Constructive Criticism and Tough Love
Replies: 45
Views: 4490

Re: My wife's 403(b) doesn't seem too great.

Of course in reality, he's an employee of the company administering her plan, which is one of several vendors her employer offers. Probably not. He's likely an independent salesman who is "appointed" to several companies. The quarterly fee is not unusual - $15 per year for plan administra...
by anonenigma
Sat Jan 18, 2014 11:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: My wife's 403(b) doesn't seem too great.
Replies: 18
Views: 1498

Re: Do you Invest in a 457 and a 403, at the same time?

jwillis77373 wrote:
After 50, or in the same year you turn 50, with catch-up that's 17,500 per account or 35,000 and then 6,500 for your choice of IRA for a total of $41,500 per year.

Not quite. After age 50, it's 23,000 in 403(b) and 457(b) plus $6,500 in IRA - a total of $52,500.
by anonenigma
Sat Jan 11, 2014 1:05 am
 
Forum: Investing - Theory, News & General
Topic: Do you Invest in a 457 and a 403, at the same time?
Replies: 24
Views: 1734
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