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Re: What is your net worth

5 voted 100 Million plus. :shock: It may be a coincidence but I was recently looking for someone new to call uncle.
by ofcmetz
Wed Apr 16, 2014 10:40 pm
 
Forum: Investing - Theory, News & General
Topic: What is your net worth
Replies: 37
Views: 5425

Re: TIAA-CREF is buying Nuveen?

When I look at my 403b options, TIAA-CREF aren't the good guys. They're just the least-bad guys. I have Met-Life, Valic, ING, and TIAA-CREF as 403B options. TIAA-CREF is so much lower in fees than the others that its really no comparison. I have been very happy with their service. They were great t...
by ofcmetz
Wed Apr 16, 2014 10:08 pm
 
Forum: Investing - Theory, News & General
Topic: TIAA-CREF is buying Nuveen?
Replies: 44
Views: 2471

Re: Speculation on I Bond fixed rate for May 1st

Split the difference and buy half now and half in May. I predict no change.
by ofcmetz
Sun Apr 13, 2014 12:56 am
 
Forum: Investing - Theory, News & General
Topic: Speculation on I Bond fixed rate for May 1st
Replies: 32
Views: 3487

Re: AA Help, Please?

If your pension is covering all of your bills then you could conceivably invest very aggressively. On the other hand, if your pension is covering all of your bills then there may be no need to invest aggressively. I find 50% stocks/ 50% fixed income is a good place to start your thinking in these si...
by ofcmetz
Wed Apr 09, 2014 9:38 am
 
Forum: Investing - Help with Personal Investments
Topic: AA Help, Please?
Replies: 10
Views: 718

Re: How often do you rebalance to maintain your AA

We do most of our rebalancing with new savings. If necessary, we rebalance once a year.
by ofcmetz
Wed Apr 09, 2014 9:23 am
 
Forum: Investing - Help with Personal Investments
Topic: How often do you rebalance to maintain your AA
Replies: 35
Views: 1682

Re: "John Bogle: Vanguard Founder Discusses How To Invest"

Great interview, thanks for posting the link. Mr. Bogle is so sharp and I always enjoy his answers to the tough questions. It was interesting that he referred to the topic of "fun money" and suggested it was for active managed mutual funds without mentioning ever investing in individual st...
by ofcmetz
Thu Apr 03, 2014 6:39 pm
 
Forum: Investing - Theory, News & General
Topic: IBD's interview John Bogle [Investor's Business Daily]
Replies: 24
Views: 1903

Re: Great Finance History Book

I've been reading it a lot this week. It's great so far.
by ofcmetz
Thu Apr 03, 2014 9:43 am
 
Forum: Investing - Theory, News & General
Topic: Great Finance History Book
Replies: 33
Views: 4167

Re: Death of co-worker

Good thread. It is still wise to plan for the future in spite of our own mortality. There should be a balance between the saving for tomorrow and the spending during the now. My condolences to the OP.
by ofcmetz
Tue Apr 01, 2014 9:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 9296

Re: Foolish In Love And Money

I read the article by by Charles Murray on my iPad at the PD over lunch while working the dog shift this weekend. It was filled with wisdom and good advice. As someone who got married young, I really identified with his writing. I am now extremely motivated to go out and rematch Groundhog Day as it ...
by ofcmetz
Tue Apr 01, 2014 9:15 am
 
Forum: Investing - Theory, News & General
Topic: Foolish In Love And Money
Replies: 11
Views: 2264

Re: Mr. Money Mustache: Hero or Foolish?

He's a hero to me because he get's me thinking about things much differently than I normally would otherwise.
by ofcmetz
Tue Apr 01, 2014 8:40 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 252
Views: 28071

Re: Watching The Market Is Not Investing

Buying shares on the secondary market hoping they appreciate before you sell to another party (whether short or long run) is not really investing. It is just another form of speculation. I will have to disagree with you on this one^. Benjamin Graham would also disagre based on what I'm learning dur...
by ofcmetz
Sun Mar 30, 2014 4:50 am
 
Forum: Investing - Theory, News & General
Topic: Watching The Market Is Not Investing
Replies: 12
Views: 1739

Re: Does This Person Need Umbrella Ins Coverage?

Since we cannot completely prevent accidents, perhaps the best one can do is to purchase a large policy and drive carefully, understanding that one's assets will never be 100% safe from judgements. As someone who is not an attorney, I think this pretty much sums it up for me. Keeping as much as pos...
by ofcmetz
Tue Mar 25, 2014 9:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Does This Person Need Umbrella Ins Coverage?
Replies: 64
Views: 4414

Re: Do you work part time in retirement?

So there is working and then there is retired. What about making the three definitions working because you have too, working because you want to, and not working? The financially independent working would be another definition for it. I plan on doing this in my mid 40's after I "retire" fr...
by ofcmetz
Tue Mar 25, 2014 1:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you work part time in retirement?
Replies: 59
Views: 3911

Re: Does This Person Need Umbrella Ins Coverage?

Can one purchase umbrella insurance from a different provider than their other insurers? I currently have home and auto insurance with seperate companies. Generally, yes, unless the insured has contractually agreed to not engage a different insurance compny for excess coverage. The law may vary fro...
by ofcmetz
Mon Mar 24, 2014 4:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Does This Person Need Umbrella Ins Coverage?
Replies: 64
Views: 4414

Re: Does This Person Need Umbrella Ins Coverage?

Can one purchase umbrella insurance from a different provider than their other insurers? I currently have home and auto insurance with seperate companies.
by ofcmetz
Sun Mar 23, 2014 11:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does This Person Need Umbrella Ins Coverage?
Replies: 64
Views: 4414

Re: Blog: Vanguard US bond funds and investor fund flows

It is interesting that the flow from the GNMA Fund far exceeded what came out of the Total Bond Market Index. A lot of the flow from bond funds was probably due to investors chasing the higher returns that stocks were producing, while fleeing the losses they were seeing. Basicaly, like the article s...
by ofcmetz
Sun Mar 23, 2014 5:10 pm
 
Forum: Investing - Theory, News & General
Topic: Blog: Vanguard US bond funds and investor fund flows
Replies: 4
Views: 919

Re: 10 Reasons to take your pension annuity over a lump sum

One thing I'm curious about is whether any of this interacts with the Windfall Elimination Provision that can reduce your SS benefits. Suppose you are covered by a pension and don't pay into SS while doing so (e.g., school teachers in certain states). But you also had a second career before or afte...
by ofcmetz
Sat Mar 22, 2014 9:03 am
 
Forum: Investing - Help with Personal Investments
Topic: 10 Reasons to take your pension annuity over a lump sum
Replies: 34
Views: 4242

Re: Aargh, investing!!

What's next is some self education for you as an investor. You should learn what you can about asset allocation. I don't recommend that someone just put all their money in a stock index fund and move on. You should have a decent amount of liquid cash available first for emergencies before investing ...
by ofcmetz
Wed Mar 19, 2014 1:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Aargh, investing!!
Replies: 79
Views: 6160

Re: Should I keep my American Funds?

Vanguard isn't the only option, but it's a good one. Of course you should transfer that IRA to a low cost equity index provider ASAP.
by ofcmetz
Tue Mar 18, 2014 11:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I keep my American Funds?
Replies: 19
Views: 1335

Re: 10 Reasons to take your pension annuity over a lump sum

Interesting discussion, thanks for starting it OP. In my case there is only the option of the pension, so no decision to be made. I'd imagine that many would jump at the lump sum just like a lottery winner jumping at the lump sum, but I have nothing to base this on. Would be interesting to see the a...
by ofcmetz
Tue Mar 18, 2014 6:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: 10 Reasons to take your pension annuity over a lump sum
Replies: 34
Views: 4242

Re: What to do with a windfall refund?

Welcome to the forum. I would use the money in this order: 1. replenish emergency fund 2. backdoor roth. you can always remove you contributions from the roth if need be. 3. pay down debt I would do 2, then put the rest in 1. If there was any left I'd pay on the debt, but I think if you use it for ...
by ofcmetz
Tue Mar 18, 2014 5:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: What to do with a windfall refund?
Replies: 7
Views: 905

Re: How did you decide how much to save?

As an early full time worker in my early 20's, I consumed almost 100% of what I earned. Thankfully, I started saving about 10 to 15% a year around age 25 after listening to Dave Ramsey. We now shoot for about 20% of gross not counting my pension contribution. If we've taken our planned vacations and...
by ofcmetz
Sat Mar 15, 2014 5:54 pm
 
Forum: Investing - Theory, News & General
Topic: How did you decide how much to save?
Replies: 119
Views: 9182

Re: Not depending on investments for retirement.

I could give you a lot better answer in you post in this format: http://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 If you list available funds in the above format people could give you specific choices. I'm a state government employee and should have most of my expenses covered by a pensi...
by ofcmetz
Thu Mar 13, 2014 6:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Not depending on investments for retirement.
Replies: 26
Views: 2462

Re: Total Market Bond Fund vs Intermediate Term Fund

My only concern about the Intermediate Term Bond Index Fund (VBILX) is its relatively long duration (6.4 years) compared to the other Vanguard intermediate bond funds. This can be rectified by combining it with one of the short term bond funds as pointed out by Doc. I also use TIAA Traditional and ...
by ofcmetz
Mon Mar 10, 2014 6:18 pm
 
Forum: Investing - Theory, News & General
Topic: Total Market Bond Fund vs Intermediate Term Fund
Replies: 27
Views: 2258

Re: Vanguard Minimum Investment Question

Since nearly 63% of the TR2055 fund is comprised of Total Stock Market, which has by far the lowest expense ratio, why not put $10,000 in TSM Admiral class and $ 3,000 in the other TR funds? You will instantly receive the majority of your ultimate savings. Vanguard will automatically convert your r...
by ofcmetz
Mon Mar 10, 2014 2:06 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Minimum Investment Question
Replies: 23
Views: 1684

Re: Total Market Bond Fund vs Intermediate Term Fund

I chose the Vanguard Intermediate Term Index Fund over the Total Bond Market Fund because of it's allocation balance. I felt more comfortable owning a bond fund that held a constant 50/50% between corporates and treasury issues. After reading a few books on bonds, I wasn't sure I really wanted to in...
by ofcmetz
Mon Mar 10, 2014 1:52 pm
 
Forum: Investing - Theory, News & General
Topic: Total Market Bond Fund vs Intermediate Term Fund
Replies: 27
Views: 2258

Re: Bonds - What other fund?

Not sure where the two bond funds I use fit on this poll. PIMCO Total Return and Vanguard Intermediate Term Bond Index are the ones I'm referring too.
by ofcmetz
Sun Mar 09, 2014 4:43 am
 
Forum: Investing - Theory, News & General
Topic: Bonds - What other fund?
Replies: 20
Views: 1459

Re: 62 years old - starting all over again

I think it is a troll post. Nobody lost all their money in 2008 unless they tried hard. Highly educated and worked at low paying jobs and now in post office at age 62? Please. I have to agree with Calm Man on this one^. She hasn't even responded back to the replies since her first and only post. De...
by ofcmetz
Fri Mar 07, 2014 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: 62 years old - starting all over again
Replies: 27
Views: 4431

Re: Roth IRA vs. 401(k) after match

I know that it's not quite tax optimal, but I like to max my ROTH IRA's because of their flexibility and relatively low limits each year. I'm in the 28% bracket, but I still do what you are doing. I get the 401K match, max the ROTH IRA's, then contribute more to he 401K/403B's. Some say you should p...
by ofcmetz
Fri Mar 07, 2014 12:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA vs. 401(k) after match
Replies: 8
Views: 848

Re: TurboTax Desktop Version

TO CA bob and officer mertz. I have needlessly confused you two and others. I did the desktop for the first time this year. So I had no desktop to import of course. I was indeed given the option to import it from online, which I did. I also know for a fact from my search that if you do it online bu...
by ofcmetz
Thu Mar 06, 2014 8:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax Desktop Version
Replies: 8
Views: 660

Re: TurboTax Desktop Version

I have used the desktop for years, but not the online version. It's always imported last years from my hard drive. Makes no sense that you can't do this from their website.
by ofcmetz
Thu Mar 06, 2014 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax Desktop Version
Replies: 8
Views: 660

Re: The Great 100 thousand dollar pension question.

Another thing that is a little odd is that you had to pay to get your quote. Mine was estimated by the pension's website based on my actual account and other numbers I input. Of course, the pension employees can't keep giving new quotes multiple times to the same employees. My firm quote in the mai...
by ofcmetz
Wed Mar 05, 2014 1:38 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

Re: The Great 100 thousand dollar pension question.

In reference to the original question, this is what I've decided to do. I was allowed to check two options when mailing my request to the actuary. I picked 5 years and 3 years. The five year one is what I based my original post on to keep it from getting confusing to all. I was also given a 3 year p...
by ofcmetz
Tue Mar 04, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

Re: What to say to Non-Savers

Having money gives you options in all stages of life that you otherwise wouldn't have. Only those wage earners who have lived below their means have money. Living below ones means and saving/ investing a portion of your income is wise. Achieving balance in your financial life between saving for tomo...
by ofcmetz
Mon Mar 03, 2014 2:12 am
 
Forum: Personal Finance (Not Investing)
Topic: What to say to Non-Savers
Replies: 71
Views: 5181

Re: The Great 100 thousand dollar pension question.

Thanks again to all those who continue to add to this thread. I also appreciate those who point out that pensions like these aren't as guaranteed as they advertise themselves to be. Even if they are protected by state constitutions, there is always the possibility that they will renege on some of th...
by ofcmetz
Mon Mar 03, 2014 2:01 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

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 gu...
by ofcmetz
Sun Mar 02, 2014 8:27 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

Re: The Great 100 thousand dollar pension question.

A 60% funding level is pretty low. In New Jersey state pensions are at a 67% funding level and they have already killed COLAs for the foreseeable future, and this year the governor is coming back for a second round of benefit cuts. Retiring 5 years earlier is a big deal. But so is diversification. ...
by ofcmetz
Sun Mar 02, 2014 12:25 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

Re: The Great 100 thousand dollar pension question.

What are the ways this could go really wrong? There are a bunch of possibilities involving legislative reduction of benefits, all of which would be subject to court challenge. But I'm not going there. Here's the one I'm still thinking about, now that you mentioned the pension includes 75% to surviv...
by ofcmetz
Sun Mar 02, 2014 12:16 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

Re: The Great 100 thousand dollar pension question.

It would be one thing if the five year buy in meant you could retire next week, but waiting another five years is the scary part to me. So hard to know what will happen in five years. I did not want to complicate my original question with too much info, but I would actually become eligible for an e...
by ofcmetz
Sat Mar 01, 2014 8:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

Re: The Great 100 thousand dollar pension question.

ofcmetz, if you like your work, keep working. A job change in your 30's could be unpleasant. I don't plan on quitting right away regardless of if I do this or not. If I bought the five years, then I would still be over just five years from retirement and could continue to increase my benefit for an...
by ofcmetz
Sat Mar 01, 2014 3:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

Re: The Great 100 thousand dollar pension question.

Thanks to all for the excellent feedback so far. It's people like you that make this forum so special. One thing I didn't mention, is that the opportunity to buy "air time" for credit and eligibility doesn't happen often. It is approved by the legislature on a temporary basis which is why ...
by ofcmetz
Sat Mar 01, 2014 11:21 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

Re: Advice needed on problem neighbors

frugaltype wrote: Think of people with half their brains missing.


^This is so true.

You are much more likely to have something stolen from your yard or house just by having all this questionable traffic coming through. Additional security measures for your home are a good idea.
by ofcmetz
Sat Mar 01, 2014 9:31 am
 
Forum: Personal Consumer Issues
Topic: Advice needed on problem neighbors
Replies: 30
Views: 3144

Re: The Great 100 thousand dollar pension question.

Since you work for the state do you have the benefit of taking classes at a state university tuition free? Yes, I can take 6 hours a semester for free and have taken advantage of this at various points throughout my career. Since I work about 60 hours a week, it's been a little difficult to always ...
by ofcmetz
Sat Mar 01, 2014 9:23 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

Re: The Great 100 thousand dollar pension question.

Your financial analysis seems about right. The only small detail concerns WHEN you have to pay that $103,000. If that fellow is really an actuary, then he's probably already figured this out. $103,000 NOW is worth about $119,400 in five years assuming 3% growth. But then, if your salary grows by 3%...
by ofcmetz
Sat Mar 01, 2014 9:21 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

Re: The Great 100 thousand dollar pension question.

One thing you did not mention is whether LA pension has annual COLA or not. If not, this could have a dramatic effect on your pension over your lifetime because you will be retiring so young. Your pension is incredibly rich compared with others I have seen (our multiplier is 1.85 times years of ser...
by ofcmetz
Sat Mar 01, 2014 9:13 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

The Great 100 thousand dollar pension question.

Alright Bogleheads, I've got another pension question for you all. But first the details. Emergency funds: 3 months cash. Debt: $8,000 at 2.7% vehicle loan and $145,000 mortgage 15 years at 4.25% (house purchased for $260,000.) Tax Filing Status: Married Filing Jointly Tax Rate: 28% Federal, 6% Stat...
by ofcmetz
Sat Mar 01, 2014 1:51 am
 
Forum: Personal Finance (Not Investing)
Topic: The Great 100 thousand dollar pension question.
Replies: 65
Views: 6162

Re: Advice needed on problem neighbors

If there was frequent police activity in the past, it's possible that the local cops are pretty familiar with the residents of that house. I've dealt with these problems in my capacity on the job as well as in my own neighborhood. A lot of your options depend on your local police agency's willingnes...
by ofcmetz
Sat Mar 01, 2014 1:14 am
 
Forum: Personal Consumer Issues
Topic: Advice needed on problem neighbors
Replies: 30
Views: 3144

Re: WWYD - IRA Account sent me others personal info

I would contact the firm so that they know of the mistake and see if they need the information back.
by ofcmetz
Wed Feb 26, 2014 7:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: WWYD - IRA Account sent me others personal info
Replies: 5
Views: 426

Re: what's your number?? (for married couples)

Everyone's number is going to be completely different based off of their lifestyle. As a multiply I'd like to have at least a minimum of 25 times expenses that won't be paid by social security or my pension saved up. A little cushion above that would be nice. If my anticipated expenses above my pens...
by ofcmetz
Wed Feb 26, 2014 6:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: what's your number?? (for married couples)
Replies: 70
Views: 6114

Re: Do you tilt? If so, how?

In US, we are 50% large cap index/ 50% small cap index. I would probably tilt towards value, but there is no suitable value index for small in our workplace plans. We don't tilt for international due to no small cap international options in our workplace plans.
by ofcmetz
Tue Feb 25, 2014 12:11 am
 
Forum: Investing - Theory, News & General
Topic: Do you tilt? If so, how?
Replies: 44
Views: 3597
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