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Re: "Americans Aren't Saving Enough for Retirement"

I saw this article yesterday but thought it too polemical for posting here. :happy My take would be to make the TSP available for all - but Wall St and the mutual fund industry would howl! If you are saving substantially more than 10% and have relatively low living expenses, you can show that change...
by furwut
Wed Mar 04, 2015 10:46 am
 
Forum: Investing - Theory, News & General
Topic: "Americans Aren't Saving Enough for Retirement"
Replies: 41
Views: 4357

Re: Help understanding my wife's new pension / 401k change

It's roughly the amount earned over 25 years starting at say $70,000 and getting a 3%/yr increase.
by furwut
Tue Mar 03, 2015 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help understanding my wife's new pension / 401k change
Replies: 3
Views: 371

Re: Buying a home without a realtor

I recommend using more than one appraiser and averaging the results.
Buyer should select and pay for the inspection.
Seller should offer and pay for a 1 year home warranty.
by furwut
Tue Mar 03, 2015 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a home without a realtor
Replies: 23
Views: 1538

Re: Job offer questions - appropriate?

FYI - This post shows the value of networking and having a contact inside the company able to give you another viewpoint besides the company line.
by furwut
Mon Mar 02, 2015 11:59 am
 
Forum: Personal Consumer Issues
Topic: Job offer questions - appropriate?
Replies: 23
Views: 1127

Re: ROTH IRA and Taxable Account question

The maximum IRA contribution for 2015 is $5500 ($6500 over age 50) so the reference to $6000 confuses me? The 2016 contribution limit has not been determined maybe you are thinking it will be $6000? My guess is not unless inflation takes a big up tic this year. Assuming this money is not part of you...
by furwut
Sun Mar 01, 2015 8:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA and Taxable Account question
Replies: 3
Views: 331

Re: Nearing 40 and Never Invested

Just pick one LS or TR that you can live with for at least 2 years without tinkering and you will be good. When you have $100,000 or when you run out of space each year in tax-advantaged accounts, then take another look as to whether a separate 3-fund portfolio is worth it or not. It really is not ...
by furwut
Sun Mar 01, 2015 6:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nearing 40 and Never Invested
Replies: 55
Views: 4967

Re: Nearing 40 and Never Invested

I know I have to sit down and run the numbers on an allocation worksheet but to state it briefly my 10,000 foot view broad concern is that I err on the side of going to conservative with my AA now as I'm just getting started and that will inhibit the overall growth and value of my portfolio in the ...
by furwut
Sun Mar 01, 2015 6:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nearing 40 and Never Invested
Replies: 55
Views: 4967

Re: Nearing 40 and Never Invested

Some specific recommendations: Desired Asset allocation 60% stocks 40% bonds (not quite sure how appropriate this is OP is 40. If you look at Vanguard's 2040 Target Date Retirement fund you will see that they believe that an investor this age should have nearly 90% allocated to stocks. Desired Inter...
by furwut
Sun Mar 01, 2015 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nearing 40 and Never Invested
Replies: 55
Views: 4967

Re: Nearing 40 and Never Invested

I think the approach most of us take here is to first determine what asset allocation is best for our situation (e.g., percentage of stocks, bonds and international). Then we look at how to implement that allocation given the investment choices available to us, the cost of those choices and how invo...
by furwut
Sun Mar 01, 2015 12:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nearing 40 and Never Invested
Replies: 55
Views: 4967

Re: active funds are beating the passive index funds

OP says that Vanguard active funds are beating Vanguard's passive funds. OP - can you modify the thread title and provide a link to the article? Anyway - my impression is that Vanguard's active funds aren't all that active, mimic the low cost structure found throughout Vanguard and, mostly, employ a...
by furwut
Sun Mar 01, 2015 11:37 am
 
Forum: Investing - Theory, News & General
Topic: [Vanguard] active funds are beating the passive index funds
Replies: 13
Views: 2750

Re: Job Offer Advice

Concerned? - yes
Advice - how good is the new job? How bad is the old job? How easily could you get another job? How badly do you need any job?
by furwut
Sun Mar 01, 2015 10:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Job Offer Advice
Replies: 4
Views: 686

Re: Trying to build 3 Fund Portfolio with limited 401k optio

It's perfectly fine to hold your international in another account. If you are also saving in a taxable account some would suggest placing it there for the foreign tax credit. Your approximation for the total stock market looks to be weighting mid and small caps a little high. See Approximating total...
by furwut
Sat Feb 28, 2015 11:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trying to build 3 Fund Portfolio with limited 401k options
Replies: 2
Views: 311

Re: Retirement - Surprises, Solutions

Levett wrote:In Minnesota you might plan on a lengthy retirement. The state has among the highest life expectancy rates in the United States.

http://en.wikipedia.org/wiki/List_of_U.S._states_by_life_expectancy

Long life!

Lev


Does that include the cryogenically frozen?
by furwut
Sat Feb 28, 2015 2:23 pm
 
Forum: Personal Consumer Issues
Topic: Retirement - Surprises, Solutions
Replies: 30
Views: 3650

Re: Nearing 40 and Never Invested

A fund of funds like a target retirement fund or one of Vanguard's Life Strategies is an excellent choice for achieving a low cost diversified portfolio and avoiding unwanted complexity.
by furwut
Fri Feb 27, 2015 5:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nearing 40 and Never Invested
Replies: 55
Views: 4967

Re: Nearing 40 and Never Invested

Oh yeah :oops: Well you should include the complete list of funds available in your wife's plan along with their expense ratios. I recommend you do that and start a new post, using the template as before, but titled something like Need Portfolio Review. That will get the attention of the experts her...
by furwut
Fri Feb 27, 2015 12:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nearing 40 and Never Invested
Replies: 55
Views: 4967

Re: Nearing 40 and Never Invested

Great going!

Now promise to look over the portfolio questions template, I provided a link earlier, and come back soon.
by furwut
Fri Feb 27, 2015 12:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nearing 40 and Never Invested
Replies: 55
Views: 4967

Re: Nearing 40 and Never Invested

Lots of folks here like a Vanguard, but there is no reason whatsoever to transfer away from TDAmeritrade. There are many of us who are happy with their service, and you don't need to buy their mutual funds, sign up for their free ETFs, and you can buy the vanguard ETFs instead of mutual funds for n...
by furwut
Fri Feb 27, 2015 11:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Nearing 40 and Never Invested
Replies: 55
Views: 4967

Re: Nearing 40 and Never Invested

So I called vanguard this morning and I got the application started. the problem is that I thought I would just get the transfer done and it would be sitting there as a lump sum of cash waiting for me to pick some funds to put it into after I've had time to do the research on which funds I want but...
by furwut
Fri Feb 27, 2015 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Nearing 40 and Never Invested
Replies: 55
Views: 4967

Re: Can I afford my dream house?

(2) and (3) need to be reconsidered in high area + high income situation. For certain higher income situations (AMT, high state tax, high city tax), taxes can eat up 35-40% (not marginal) of income. I've never been invited into that world! These rules are pre-AMT so yes, if OP has extra high tax co...
by furwut
Thu Feb 26, 2015 11:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4032

Re: Can I afford my dream house?

Nah - I can't read MY spreadsheets. So it looks like you already have $241,384 mentally accounted for a DP BEFORE we get to the controversial idea of siphoning of the E-Funds, Retirement and other buckets. You could easily then get to a 15% DP without disturbing your other buckets. I wouldn't touch ...
by furwut
Thu Feb 26, 2015 11:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4032

Re: IRA investment after retirement?

In retirement, with very nominal earned income, I am not able to contribute the max to Roth (6500$).


Okay - then surely if you don't need the earned income now to meet spending needs then isn't putting what you can into a Roth a better choice than either a taxable account or tIRA?
by furwut
Thu Feb 26, 2015 10:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA investment after retirement?
Replies: 9
Views: 610

Re: Can I afford my dream house?

I understand the sentiment. I feel like I need to draw a line in the sand somewhere and then stick to it (like a home buying IPS). Where would you draw the line for me 1.5, 1.3, 1.0? Well $30,000/mo income gross is really awesome! :beer So 32% of your monthly gross gives us $9600/mo for the mortgag...
by furwut
Thu Feb 26, 2015 10:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4032

Re: Can I afford my dream house?

Let me explain. My IPS is my plan for retiring at age 55. It says I should have $1.15M in retirement savings on Dec 31, 2014. I actually had $1.39M. I had 240k more than plan. Do you consider it "raiding my retirement" to use that extra 240k for a house? The 240k extra is a result of over...
by furwut
Thu Feb 26, 2015 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4032

Re: Nearing 40 and Never Invested

1. Our current Roth IRAs are with TD Ameritrade but they charge a fee of 49.95 for buying no load mutual funds. Would it make more sense to transfer the account somewhere else such as Vanguard to minimize transaction fees? How is this best done? A direct transfer? If you like to transfer the IRAs t...
by furwut
Thu Feb 26, 2015 10:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nearing 40 and Never Invested
Replies: 55
Views: 4967

Re: IRA investment after retirement?

I think so. If you have so much income that you can't directly contribute to a Roth maybe you could do a back-door Roth instead?
by furwut
Thu Feb 26, 2015 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA investment after retirement?
Replies: 9
Views: 610

Re: Can I afford my dream house?

I use traditional, conservative rules for determining housing affordability. It often doesn't work in expensive areas of the country. 1) Can you make a 20% down payment without raiding your retirement/kid's college accounts? 2) Will the mortgage payment be under 28 - 32% of your gross income? 3) Wil...
by furwut
Thu Feb 26, 2015 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can I afford my dream house?
Replies: 49
Views: 4032

Re: Management fees on VG funds in 401K

I think so. Vanguard itself charges .08% for the fund so the .06 might well be extra VIG for Fidelity!
by furwut
Thu Feb 26, 2015 6:09 pm
 
Forum: Investing - Theory, News & General
Topic: Management fees on VG funds in 401K
Replies: 1
Views: 215

Re: Beer sales in PA supermarkets? Is this allowed now?

I lived in PA back in the 70s


I as well. To this day, in my current state, when I turn the aisle in the super market and come face to face with the huge wine & beer section I'm a little stupefied.
by furwut
Thu Feb 26, 2015 6:02 pm
 
Forum: Personal Consumer Issues
Topic: Beer sales in PA supermarkets? Is this allowed now?
Replies: 10
Views: 678

Re: Vanguard funds - Historical Information besides price

But I can't seem to find how to access historical information besides price & returns. For example, valuation metrics like P/E and P/B.


I've never seen those kind of metrics for mutual funds.

EDIT.
Maybe Morning Star?
by furwut
Thu Feb 26, 2015 11:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard funds - Historical Information besides price
Replies: 2
Views: 200

Re: High-Fee 401K worthwhile to contribute?

Bogelhead Wiki 401k - Expensive or mediocre choices A reasonable rule of thumb is to consider investing in a taxable account if the product of the extra costs and the number of years you will stay in the plan exceeds 30%. That is, if you pay 1.70% expenses rather than 0.20%, you should still invest...
by furwut
Thu Feb 26, 2015 7:36 am
 
Forum: Investing - Help with Personal Investments
Topic: High-Fee 401K worthwhile to contribute?
Replies: 9
Views: 587

Re: Need advice on where best to invest

… which I receive a monthly tax free stipend from the state. Since this money is tax free, I assume that it is not considered earned so that I cannot invest in an IRA, correct?? That would be my assumption as well. Here is a link to IRS Publication 590 which explains what is allowed compensation: h...
by furwut
Wed Feb 25, 2015 6:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need advice on where best to invest
Replies: 2
Views: 278

Re: Individual TIPS

Aren't we limited in the amount that may be purchased? $10,000/yr per SSN. Can purchase another $5000 with your tax refund ($10,000 filing jointly?). I believe some deliberately make an estimated tax payment shortly before filing taxes to ensure they have the $5000 refund amount to purchase the I b...
by furwut
Wed Feb 25, 2015 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Individual TIPS
Replies: 13
Views: 711

Re: Convincing older relative to open online savings account

Anyone have any advice on how to convince them?


Or maybe if it ain't broke don't fix it? Sometimes peace of mind is worth the cost of a little interest.
by furwut
Wed Feb 25, 2015 5:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Convincing older relative to open online savings account
Replies: 34
Views: 1470

Re: Individual TIPS

On my to do list to read: Explore TIPS: A Practical Guide to Investing in Treasury Inflation-Protected Securities P.S - are you buying I bonds as well? P.P.S - Harry Sit (aka The Finance Buff) is a Bogelhead. You can also purchase a PDF Version from his site: https://thefinancebuff.com/explore-tips
by furwut
Wed Feb 25, 2015 5:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Individual TIPS
Replies: 13
Views: 711

Re: 401K makes it hard to follow “buy and hold” strategy?

I agree that you may be overthinking it. But here's a way: How to Rollover a 401k Without Going Out of the Market Your plan document has to allow for in-kind distributions to do this. Most plans I have administered don't allow for it because it makes the distribution process less efficient. Thanks ...
by furwut
Wed Feb 25, 2015 1:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K makes it hard to follow “buy and hold” strategy?
Replies: 8
Views: 510

Re: Is there a way to provide for inflation ?

In his book Unveiling the Retirement Myth author Cecil Otar recommends dedicating an investment bucket to offset inflation on non-indexed (and partially indexed) annuities. In Chapter 33 a table shows a requirement for a $109,000 bucket (50% S&P 500 and 50% fixed income) to provide inflation pro...
by furwut
Wed Feb 25, 2015 10:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Is there a way to provide for inflation ?
Replies: 22
Views: 1674

Re: What age do you guys plan to retire?

I have 3 simple rules for retiring early.

1. Don't get married
2. Don't get divorced
3. Don't have kids

Violate 2 of them and you are hurting. Violate all 3 then game over.
by furwut
Tue Feb 24, 2015 5:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age do you guys plan to retire?
Replies: 143
Views: 8590

Re: Reliable company to park emergency fund, etc.

What's wrong with a simple Savings account at your main bank? Or switch everything over to PenFed - credit unions often are the best place to avoid account fees. My CU rate for savings is: .10% Penfed is even worse: .05% I'm not out to chase rates but I definitely want to do a little better than wh...
by furwut
Tue Feb 24, 2015 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Reliable company to park emergency fund, etc.
Replies: 9
Views: 655

Re: Case/Sleeve for 2013 Macbook Air 11.6"

I have a LA Robe sleeve for my iPad. It's protective without being bulky.
by furwut
Tue Feb 24, 2015 12:48 pm
 
Forum: Personal Consumer Issues
Topic: Case/Sleeve for 2013 Macbook Air 11.6"
Replies: 1
Views: 126

Re: 401k Max-out Strategy

Ask your HR. Most 401k plans allow you to contribute any percentage of your paycheck upto the plans limit. My plan's limit was 50% but some go all the way to 100%. Once you've contributed the max DOLLAR limit to the plan the deduction from your paycheck stops. No more is taken out. Some Bogelheads a...
by furwut
Tue Feb 24, 2015 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k Max-out Strategy
Replies: 16
Views: 1839

Re: Is there a way to provide for inflation ?

DW = dear wife
DH = dear husband

DD = damn divorce :wink:
by furwut
Tue Feb 24, 2015 11:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Is there a way to provide for inflation ?
Replies: 22
Views: 1674

Re: Dealing with HMO and balance billing issues

Even though the providers are totally out of the HMOarea, apparently the HMO maintains some kind of backup network agreement with broad national networks that cover emergency situations like these Thanks. That's very informative. But it's still luck of the draw when you need emergency services wher...
by furwut
Tue Feb 24, 2015 10:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Dealing with HMO and balance billing issues
Replies: 12
Views: 640

Re: Reliable company to park emergency fund, etc.

What's wrong with a simple Savings account at your main bank? Or switch everything over to PenFed - credit unions often are the best place to avoid account fees.
by furwut
Tue Feb 24, 2015 10:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Reliable company to park emergency fund, etc.
Replies: 9
Views: 655

Re: Dealing with HMO and balance billing issues

I am worried that there may in fact be no "provider agreement" since this emergency appendectomy happened while I was away from home (visiting my mother in another state.) But I am hopeful that maybe the HMO is part of some national reciprocity network for dealing with situations like thi...
by furwut
Tue Feb 24, 2015 9:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Dealing with HMO and balance billing issues
Replies: 12
Views: 640

Re: iPad users: what browser are you using?

Safari.
Offline reading. Reader view. Evernote and 1Password extensions. Continuity feature with other Apple devices.
by furwut
Tue Feb 24, 2015 8:51 am
 
Forum: Personal Consumer Issues
Topic: iPad users: what browser are you using?
Replies: 28
Views: 1843

Re: Retirement - Surprises, Solutions

Learning to focus. Without a structure imposed on me from without I'm having to learn to impose one from within.
by furwut
Mon Feb 23, 2015 12:23 pm
 
Forum: Personal Consumer Issues
Topic: Retirement - Surprises, Solutions
Replies: 30
Views: 3650

Re: What age do you guys plan to retire?

Retired at 51. Never planned on retiring at a specific age - just looked up one day and said yeah. Planning is great but in the meantime life happens. Sure was glad I had saved.
by furwut
Sun Feb 22, 2015 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: What age do you guys plan to retire?
Replies: 143
Views: 8590

Re: Do you watch commercials?

Only during the NFL season when my team is playing. I've been thinking about rigging up a home DVR solution (easy enough) so I can cut that out too. I DVR my NFL team too. It took a little getting used to, but now I can't watch football live anymore. I still watch the whole game but can blow by the...
by furwut
Sat Feb 21, 2015 11:37 am
 
Forum: Personal Consumer Issues
Topic: Do you watch commercials?
Replies: 42
Views: 1848
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