Search found 38 matches

by doss
Mon Aug 03, 2015 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1506

Re: Wife starting a 403b...some questions...

I hope it's OK if I try to bring this thread back on track...does anyone have any suggestions as to what funds to pick from the above items?
by doss
Mon Aug 03, 2015 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Should I go federal government at age 40?
Replies: 15
Views: 2349

Re: Should I go federal government at age 40?

I believe the new hires now pay 4.4% of salary towards their pension, whereas before, they paid 0.8%, and I think there is another number between those two, so there's about 3 steps of payment. It probably should be clarified for the OP that since they unfortunately have only 2.5 year of prior Fede...
by doss
Sat Aug 01, 2015 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Should I go federal government at age 40?
Replies: 15
Views: 2349

Should I go federal government at age 40?

Hi all, I am hoping that those of you with experience working for the federal government can tell me whether my retirement plan is sound. I worked as a federal employee in early 2010 but had to separate due to base closure in late 2012. I have a total of about 2 1/2 years as a federal employee. Sinc...
by doss
Fri Jul 31, 2015 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Federal Employment
Replies: 86
Views: 9317

Re: Thoughts on Federal Employment

You have access to the TSP for life with a minimum balance of just $200, and the government contribution match is vested for you to keep after 3 years of service. The government contribution technically consists of two different payments: (1) an automatic 1% salary contribution paid regardless of y...
by doss
Thu Jul 30, 2015 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1506

Re: Wife starting a 403b...some questions...

Thanks for the list. (Next time, also include expense ratios, but this will do for now.) Thanks everybody for your posts in this forum. Here are the fees: JH DISCPL VALUE R6 (JDVWX), 0.72% TRP INST LGCAP GRTH (TRLGX), 0.56% VANGUARD INST INDEX (VINIX), 0.04% AB DISC VALUE Z (ABSZX), 0.81% VANG EXT ...
by doss
Thu Jul 30, 2015 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1506

Re: Wife starting a 403b...some questions...

Thanks, all! Still confused about how to work with the Fidelity account. It looks like it has 16 funds of various types. Stupid question...but how would I choose them to make an asset allocation similar to a Target date fund seen at Vanguard? First, check the allocation of the Vanguard target date ...
by doss
Thu Jul 30, 2015 7:00 am
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1506

Re: Wife starting a 403b...some questions...

Noting that she'll only be working for less than half of 2015, the answer depends on whether you want to try to max out her 403b for 2015 or not. Doing so would leave her with no take-home pay. Assuming you do want to get as close to maxing it out as your can: "I hereby authorize my employer ....
by doss
Wed Jul 29, 2015 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1506

Re: Wife starting a 403b...some questions...

When filling out the salary deferral agreement for the 403(b) plan (pre-tax deferral), I am unsure how to answer the following: "I hereby authorize my employer to deduct __________ % of my wages per pay period as regular pre-tax contributions. OR I hereby authorize my employer to deduct $ _____...
by doss
Wed Jul 29, 2015 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1506

Re: Wife starting a 403b...some questions...

Thanks, all!

Still confused about how to work with the Fidelity account. It looks like it has 16 funds of various types. Stupid question...but how would I choose them to make an asset allocation similar to a Target date fund seen at Vanguard?
by doss
Tue Jul 28, 2015 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1506

Wife starting a 403b...some questions...

Hi all, we are recently married and my wife is going to start a new teaching job in a few weeks. I was wondering if this forum could help us make some decisions on how to move forward with our retirement finances. Quick stats: Wife, Age: 28, Salary: $37,000 debt: $0 savings: nill Teaching at a paroc...
by doss
Mon Jul 27, 2015 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Job with TSP + pension vs 401k 12% cash match
Replies: 16
Views: 1520

Re: Job with TSP + pension vs 401k 12% cash match

I think the 12% match is awesome. At that rate, it trumps the gov pension. It is much harder to get promotions/salary increases as a fed (I know because I couldn't get past the GS-11 rank as a govie for 2.5 years) , but very easy to jump around as a contractor.
by doss
Sun Jul 26, 2015 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Job with TSP + pension vs 401k 12% cash match
Replies: 16
Views: 1520

Re: Job with TSP + pension vs 401k 12% cash match

There's a saying in the federal workplace..."You don't join the federal government to make money. You join to serve." Depending on the agency you are looking at joining, there may be a minimum 3 years of service required before you can collect a pension and/or medical insurance in retireme...
by doss
Sun Jul 26, 2015 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Unsure how to proceed with retirement options for teaching job
Replies: 3
Views: 432

Unsure how to proceed with retirement options for teaching job

Hi all, My wife is starting employment as a teacher in August 2015 at a non-profit parochial school in the Midwest. She is 28 years old and I am trying to get her started investing early, but am unsure how to proceed with her employer’s retirement benefit because of a couple of personal items. Her r...
by doss
Wed Feb 04, 2015 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover my Vanguard funds into my TSP if separated
Replies: 2
Views: 386

Should I rollover my Vanguard funds into my TSP if separated

Hi all,
I have only 2 years as a fed civilian and have separated since. I have 19k (out of 100k) in a TSP. Since I can't contribute to the TSP anymore, is it worth rolling over my current Vanguard holdings (lifecycle funds) into the TSP just for the low admin costs?
by doss
Wed Jan 14, 2015 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help with starting a retirement account for my fiance?
Replies: 13
Views: 1106

Help with starting a retirement account for my fiance?

Hi all, My fiance was told that her employer will not contribute money into her retirement for the year of 2015. Last year it was a measly 1% of her school teacher salary ($34k salary) that was contributed. She just turned 28 and has yet to get started with planning for retirement. It took a while, ...
by doss
Wed Oct 29, 2014 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: No retirement benefit at work - where then should she invest
Replies: 8
Views: 897

No retirement benefit at work - where then should she invest

I'm 35 and personally sock away about $25k/year into a combination of Roth IRA and SEP IRA target retirement funds (I'm in the 28% tax bracket). I've been doing this steadily for 2 years now. Previously, I was only paying about 5k/year into a Roth IRA since age 26. I also was doing 5% matching to a ...
by doss
Fri Jul 04, 2014 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track at age 34?
Replies: 19
Views: 2494

Re: Am I on the right track at age 34?

mickens16 wrote:Have you been contributing to a Roth IRA?


Yes, I do 5500 per year in Roth IRA. That + my employer contribution totals 24k/year. That's all I'm doing for retirement savings. Do you think I should be saving more?
by doss
Fri Jul 04, 2014 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track at age 34?
Replies: 19
Views: 2494

Am I on the right track at age 34?

Hi all, Its been about two years now since I've made any changes to my financial path. I was wondering if I was on the right track for a comfortable retirement at around age 62? Is there anything else I should be doing at this point? Here are my stats: Checking: 70k @ 0.20% interest with Capital One...
by doss
Sat Apr 27, 2013 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1810

Re: Which employer would you pick?

I'm single with no family at age 30, so I'm trying to milk it for all I can right now before I start getting into a management role in the future and my creative skills begin to degrade. Have you had a career discussion with your current boss? Before doing anything, you should give your current emp...
by doss
Fri Apr 26, 2013 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1810

Re: Which employer would you pick?

Go with Company B. If you don't like your current boss, you aren't using your skills and you don't see yourself staying at your current job for very long then it's only a matter of time before you make a change. Might as well make it now when you have a good offer for more money on the table. But a...
by doss
Fri Apr 26, 2013 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1810

Re: Which employer would you pick?

allenneal99 wrote:How long before you are eligible for benefits with Company B? It may take up to a year before you are eligible to contribute to Company B's 401(k), so what will you do in the meantime?


I'm invested 100% on day 1 of the job.
by doss
Fri Apr 26, 2013 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1810

Re: Which employer would you pick?

Did employer B ask your current salary? Did you tell them it was $106K (90K +18% donated to IRA)? Having been a hiring manager, job offers are always pegged as low as possible as the hiring manager thinks will still attract the candidate. He may or may not have some additional flexibility upward. I...
by doss
Fri Apr 26, 2013 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1810

Re: Which employer would you pick?

Interesting. What occurs to me about Company A is why would an employer pay this compensation and benefits, that are almost unheard of from private employers, for an easy job in a high security of employment. Does that mean when someone figures this out -- compensation and benefits will shrink? I a...
by doss
Fri Apr 26, 2013 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1810

Re: Which employer would you pick?

Some additional info: The 401(K) for Company B is kept at Merrill Lynch . - 160 PTO (paid time off) vs 136 PTO from Company B - Company A pays premium for medical insurance, Company B deducts $51.63 per paycheck (26 pay periods per year) - Dental and vision are same for both (free) - 10 paid holiday...
by doss
Fri Apr 26, 2013 6:34 am
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1810

Re: Which employer would you pick?

Company A = $90,000 * 1.18 = $106,200 Company B = $110,000 * 1.04 = $114,400 I would imagine that non-tangible, non-financial factors may dwarf this $8200 difference. Thank you for making that clear for me. That's what I needed to see. Of course the non-financial factors will play a huge factor in ...
by doss
Thu Apr 25, 2013 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1810

Which employer would you pick?

My employer (Company A) currently contributes 18% of my $90,000 salary (not withdrawn from my paycheck-- it's paid by employer !) to a SEP-IRA. I also have a ROTH IRA that I personally contribute the max to. However, I just got a job offer with another company (Company B) for $110,000 at this same l...
by doss
Sat Mar 30, 2013 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: SEP IRA
Replies: 6
Views: 663

Re: SEP IRA

You can contribute up to 25% to the SEP IRA, but does anyone know if that means 25% of your business income or your salary (even if it's not from your business)?
by doss
Sat Mar 30, 2013 10:35 am
Forum: Investing - Help with Personal Investments
Topic: I maxed my IRA, now what should I invest in at age 32?
Replies: 5
Views: 551

I maxed my IRA, now what should I invest in at age 32?

Hi all, I'm 32 and have been contributing to my IRA since age 26, although I only maxed it out 3 times -- in 2009, 2012, and 2013. I did also have a TSP for 2 years and was able to contribute to that, but only a few thousand. I know...stupid me should've maxed that out, but I was young and naive and...
by doss
Sun Mar 24, 2013 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Should I buy my first home or max out my SEP IRA?
Replies: 7
Views: 868

Re: Should I buy my first home or max out my SEP IRA?

Recently, my employer made a contribution to my SEP IRA in the amount of $4908 on 1/31/13 (my company's first since I started this job). Today, I was looking at making a personal contribution to that SEP IRA and noticed I could only contribute $1000 for 2012. As far as I know, I had never made a per...
by doss
Sat Mar 23, 2013 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy my first home or max out my SEP IRA?
Replies: 7
Views: 868

Re: Should I buy my first home or max out my SEP IRA?

Sorry, does anyone know the answer to question item #1?
by doss
Sat Mar 23, 2013 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy my first home or max out my SEP IRA?
Replies: 7
Views: 868

Should I buy my first home or max out my SEP IRA?

HI all, I'm 32, single, and just started a new job (in the Fall of 2012) with an employer that contributes to a SEP IRA based on 18% of my salary (not deducted from my salary). I make a tad under 6 figures. Questions: 1.) Am I correct in understanding that the annual contribution limit is 25%? If so...
by doss
Sun Sep 16, 2012 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Confused about my company's SEP-IRA..
Replies: 6
Views: 677

Re: Confused about my company's SEP-IRA..

I just realized that my taxes will be 30k this year if I don't decrease my taxable income. So, should I match my company's contribution to a SEP IRA? I also plan to start home construction sometime next year and I'd like to be able to withdraw some money from that IRA. Mostly concerned about decreas...
by doss
Tue Sep 11, 2012 12:09 am
Forum: Investing - Help with Personal Investments
Topic: Confused about my company's SEP-IRA..
Replies: 6
Views: 677

Re: Confused about my company's SEP-IRA..

Oh. So I need to set up a traditional IRA? I can't use my Roth IRA I already have with Vanguard?
by doss
Mon Sep 10, 2012 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about my company's SEP-IRA..
Replies: 6
Views: 677

Confused about my company's SEP-IRA..

Hi all, I just got out of a 2 year stint with the government as a federal employee and now I just got signed on as a contractor. I still have my TSP account. My new employer is offering a retirement plan with an SEP-IRA that contributes 18% of my salary into an "employee selected IRA". I a...
by doss
Tue Nov 01, 2011 7:58 pm
Forum: Investing - Help with Personal Investments
Topic: Buying stock at low prices....how?
Replies: 12
Views: 1037

Re: Buying stock at low prices....how?

My thinking was to watch the news and when the DOW goes down, I buy. Never buy when it's shooting up. But, nevermind, I got the paradox of my reasoning:)
by doss
Tue Nov 01, 2011 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Buying stock at low prices....how?
Replies: 12
Views: 1037

Re: Buying stock at low prices....how?

Thanks guys!

When the stock market "crashes", are stock/share prices dynamically adjusted with a "lower" price or does it take a while for the price to reflect the crash (like 1-2 business days)? I will setup the automatic payment, so I guess it's all a moot point anyways!
by doss
Tue Nov 01, 2011 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Buying stock at low prices....how?
Replies: 12
Views: 1037

Buying stock at low prices....how?

HI all, Tried to submit a post and it didn't go through....let me try this again...but a shorter version: I'm 29, single, no kids. I have 12k in a Roth IRA and just started a new job (federal service..2nd year now) and have a TSP with company matching. I am doing the match and then am contributing a...

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