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Re: Am I saving too much for retirement?

I don't think you are saving too much. I would continue to save as so much is unknown at this point. Also, it will keep you from needing as much in retirement as you are used to living less. If you already had a few million saved then my answer might be different.
by ofcmetz
Mon Apr 20, 2015 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I saving too much for retirement?
Replies: 27
Views: 4669

Re: Household Gross Income Poll

I found the poll and resulting thread interesting. Luck is involved yes, but hard work helps as well. I'd much rather talk to someone who is richer than me about gaining wealth than someone who isn't. That's why I come to this forum rather than asking my broke coworkers questions about investing and...
by ofcmetz
Mon Apr 13, 2015 5:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 12540

Re: The $1 Million Goal: Source of Motivation or Discouragem

When I was 25 I decided that I wanted me to be a millionaire by the time I was 40 (I'm married so the goal is for two people combined which is a bit more attainable). A million seemed like a lot and I wanted to set the bar high. It motivated me to start learning about investing and finance. As I lea...
by ofcmetz
Thu Apr 09, 2015 8:48 am
 
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 15875

Re: Did you learn anything from 2008?

I learned that being distracted from the financial news will keep one from making detrimental mistakes. The birth of my daughter in the middle of the year and a severe hurricane (Gustav) in the latter part of the year kept me too preoccupied to make any changes to my investments. Investments on auto...
by ofcmetz
Mon Apr 06, 2015 6:33 am
 
Forum: Investing - Theory, News & General
Topic: Did you learn anything from 2008?
Replies: 105
Views: 8518

Re: Bored -- wondering about day trading for fun

Bored, try playing Hearthstone on your computer or tablet. Get on this site at the same time and read threads while posting when you can help out. I would rather bring that 1K to the casino than day trade with it.
by ofcmetz
Mon Apr 06, 2015 6:26 am
 
Forum: Investing - Theory, News & General
Topic: Bored -- wondering about day trading for fun
Replies: 61
Views: 5614

Re: What Age Did You First Ponder Financial Independence?

In my mid 20's I was introduced to the concept while driving in my police car and listening to Bob Brinker. I remember his term for it was critical mass.
by ofcmetz
Sat Mar 21, 2015 12:10 am
 
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 7223

Re: Which credit union are you a member of?

Due to an LSU connection I have, I've used Campus Federal Credit Union for many years.
by ofcmetz
Sat Mar 21, 2015 12:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Which credit union are you a member of?
Replies: 60
Views: 5075

Re: John Bogle's Don't Peek Challenge

Have you taken a report for the latest string of calls for IRS issues? How about fake Veterans of America looking for handouts? - that one really ticks me off. Also, the fake benevolent Detectives Association of (insert your state name here) - another one that ticks me off. ^ all of the above and m...
by ofcmetz
Fri Mar 20, 2015 9:56 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 146
Views: 12228

Re: John Bogle's Don't Peek Challenge

I think people should check their bank accounts online every few days for fraud. It happens more often than people think based on the reports we take at work. I've never taken a report for an investment account theft. I update my investment spreadsheets every week, but think that once a month would ...
by ofcmetz
Thu Mar 19, 2015 12:12 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle's Don't Peek Challenge
Replies: 146
Views: 12228

Re: Vanguard - The New Bond King - WSJ

Kind of cool that they still spend time on the phone trading bonds. Also, I liked that he wanted people to know that the fund was not run by computers. :D Good stuff.
by ofcmetz
Thu Mar 19, 2015 12:04 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard - The New Bond King - WSJ
Replies: 27
Views: 4380

Re: How much international is too much?

I think 80% of equities in international is too much.

I'm at 35% equities, but could see being 51% or less. OP, don't get carried away with your idea. If you decide that you want to make bets then take a little money and go find a poker table in the casino.
by ofcmetz
Fri Mar 13, 2015 11:51 pm
 
Forum: Investing - Theory, News & General
Topic: How much international is too much?
Replies: 113
Views: 9509

Re: Should Vanguard Offer A Low Minimum Fund?

Seems like when I first opened my ROTH IRA, the minimum for Target funds was still $3,000 and the STAR was the only fund that cost $1,000. To buy additional shares you had to purchase at least $100 worth. Now that they have lowered the Target fund minimum to $1,000 and let you buy additional shares ...
by ofcmetz
Wed Mar 11, 2015 10:43 am
 
Forum: Investing - Theory, News & General
Topic: Should Vanguard Offer A Low Minimum Fund?
Replies: 31
Views: 2489

Re: If 2% is real, we are . . . . ?

It's one person's educated guess that it will be 2% real. My take from it is that we shouldn't expect the returns that we've had over the past few years on equities. I think some people may be tempted to slack off on saving or maybe take more than they should from their portfolios due to the excelle...
by ofcmetz
Wed Mar 11, 2015 10:32 am
 
Forum: Investing - Theory, News & General
Topic: If 2% is real, we are . . . . ?
Replies: 63
Views: 6487

Re: Retirement Option Question- SORRY LONG AND DETAILED

OP, I'm a 16 year veteran police officer who has had to make similar decisions over the years. I work for a state agency that participated in the normal state DB plan during my early career. About 11 years in, we were moved to a police only state plan with better benefits. I moved in my years and up...
by ofcmetz
Tue Mar 10, 2015 10:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Option Question- SORRY LONG AND DETAILED
Replies: 9
Views: 1748

Re: Vanguard Quarterly Dividends in March

Also, be aware that when a fund pays a distribution, its share price may drop that day, even if the broader market rises.


^ Sure to catch many by surprise.

Thanks for the link OP.
by ofcmetz
Tue Mar 10, 2015 10:36 pm
 
Forum: Investing - Theory, News & General
Topic: Vanguard Quarterly Dividends in March
Replies: 5
Views: 1471

Re: U.S. stocks in freefall

It was just a one day freefall. It's been a many year free rise. Buying at the time this thread started made some people some money for sure.

I also wonder what happened to the OP. This thread does live on without him.
by ofcmetz
Tue Mar 10, 2015 10:34 pm
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1261
Views: 241178

Re: How to handle a defined benefit pension plan

I don't think overseeing a bit right now is that bad. You can always adjust things later on if you find you are accumulating too much or once you are sure she will get the pension. Remember, pension's could change or she could find another job. Then there is one's health to consider. I almost had to...
by ofcmetz
Wed Mar 04, 2015 5:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to handle a defined benefit pension plan
Replies: 12
Views: 1493

Re: How to handle a defined benefit pension plan

I have a DB plan and I never counted it in my AA at all. To me it's an income stream, just like SS is and just like the money you will draw from your portfolio. I set my portfolio's AA to match my need, ability and willingness to take risk. I would not count a DB plan as part of an investment portf...
by ofcmetz
Wed Mar 04, 2015 9:50 am
 
Forum: Investing - Help with Personal Investments
Topic: How to handle a defined benefit pension plan
Replies: 12
Views: 1493

Re: Tom Stanley-Millionaire Next Door Author Killed in Auto

RIP Dr. Stanley. I read his classic in 2005 and it really changed the way I thought about money and wealth. I have since enjoyed the rest of his fine books. One really feels that they have gotten to know an author after reading many of their works. So it is with sadness that I write this. Hopefully ...
by ofcmetz
Wed Mar 04, 2015 2:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 76
Views: 12430

Re: How to handle a defined benefit pension plan

Since its still a long way off until she even knows if she will retire or not using the pension, I'd recommend the amount in it count towards your family's portfolio fixed income allocation. If she quits in the next few years, you could just roll that money into an IRA invested in the appropriate bo...
by ofcmetz
Wed Mar 04, 2015 1:31 am
 
Forum: Investing - Help with Personal Investments
Topic: How to handle a defined benefit pension plan
Replies: 12
Views: 1493

Re: How much did you have saved up for retirement at age 30?

I just checked the old spread sheet. Looks like we had a $75K portfolio and a $217K net worth when I turned 30 in the year 2009. This was a his and hers number combined so you could divide those numbers in half I suppose. We all will have our own numbers and the important thing is to be living below...
by ofcmetz
Wed Feb 25, 2015 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: How much did you have saved up for retirement at age 30?
Replies: 173
Views: 13795

Re: 2 comma club (my way)!!

I'm already working on my second million. The first was so hard to get, that I gave up and just started working on the second.

Seriously, congrats on reaching such a fun milestone.
by ofcmetz
Fri Feb 20, 2015 9:37 am
 
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 49
Views: 7993

Re: Boglehead Beer

I have a new top 5 beer. It's just phenomenal. Breakside Brewing IPA. Been around a bit, but I had never tried it. On tap in the Couve at Gustav's for $3 for an imperial pint (or something - bigger than a pint). Available in the bottle in WA, OR, and HI, and of course on tap at the brewery on Dekum...
by ofcmetz
Wed Feb 11, 2015 6:35 pm
 
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 512
Views: 76504

Re: Bill Gross majority shareholder in his own fund?

I'm proud of him for putting a bunch of his own money into his fund. I think fund mangers should have the majority of their own money in the funds they manage
by ofcmetz
Tue Feb 10, 2015 9:32 am
 
Forum: Investing - Theory, News & General
Topic: Bill Gross majority shareholder in his own fund?
Replies: 20
Views: 1486

Re: Time within which employer must remit 401(k) contributio

Between me and the wife we contribute to four different employer plans. We both get paid bi-weekly. I honestly don't think it matters much in the long run as long as it takes less than a month. His 457B takes between the day before payday (yes, it's weird but that sometimes happens) and 4 weeks afte...
by ofcmetz
Sun Feb 08, 2015 5:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Time within which employer must remit 401(k) contribution
Replies: 46
Views: 3054

Re: FI: Total Bond Market or Intermediate Fund?

All of my fixed income is divided up between the Vanguard Intermediate Term Bond Index Fund and the TIAA Traditional fund. I went for the Intermediate due to its lack of mortgage backed securities and its constant 50/50 split between treasuries and corporates issues.
by ofcmetz
Sun Feb 08, 2015 5:05 am
 
Forum: Investing - Theory, News & General
Topic: FI: Total Bond Market or Intermediate Fund?
Replies: 19
Views: 2659

Re: TIAA CREF jump in fees

Maybe you can find out if your agency is close to the $20 million mark in assets. It's a pretty serious reduction in fees past that point. My agency is considered R2 and apparently has something between $20 million and $400 million. Since I only uses the Real Estate and Traditional funds, I won't be...
by ofcmetz
Tue Feb 03, 2015 10:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIAA CREF jump in fees
Replies: 11
Views: 1255

Re: Cash Back Credit Cards

We use the Fidelity AmEx 2% card anywhere they take AmEx. I've had a Chase Sapphire Visa card (2% on dining and travel, 1% on everything else) since they came out, and it's my backup for those occasions that the AmEx isn't good. I've found that none of the Chinese restaurants around my work will tak...
by ofcmetz
Tue Feb 03, 2015 9:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Cash Back Credit Cards
Replies: 90
Views: 14077

Re: How do you "Stay the Course"?

Steadfast wrote:I am a slave to my IPS.

It is sometimes a cruel master.



This works for me as well. I've gotten pretty good a referring back to my written IPS whenever I'm tempted to stray from the plan. I've put this same magic to work with my diet as well.
by ofcmetz
Tue Feb 03, 2015 9:36 pm
 
Forum: Investing - Theory, News & General
Topic: How do you "Stay the Course"?
Replies: 71
Views: 6984

Re: Pick Your Poison [Vanguard vs. American Funds]

So far all 50 votes for the index fund. nice!
by ofcmetz
Wed Jan 21, 2015 10:45 pm
 
Forum: Investing - Theory, News & General
Topic: Pick Your Poison [Vanguard vs. American Funds]
Replies: 24
Views: 3603

Re: Poll: Your Max. REIT Allocation

I'm have about 11% of my portfolio in the TIAA Real Estate fund right now. My target allocation for that fund is 10%. It contains a bit of REITS as well as my small cap index funds.
by ofcmetz
Tue Jan 20, 2015 1:18 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Your Max. REIT Allocation
Replies: 56
Views: 5032

Re: Bored when market is closed

Maybe go to a casino or something. I find playing poker to be more fun than staring at the meaningless up and down movements of stock indices during the day. Of course I have been playing my son's 3DS when he is in school. Also a better way to cure boredom.
by ofcmetz
Tue Jan 20, 2015 1:14 pm
 
Forum: Investing - Theory, News & General
Topic: Bored when market is closed
Replies: 28
Views: 2195

Re: Suze Orman: $100 into $860k, and cfiresim

I can easily see saving $5 a day for lunch (at work). I go out and spend $8 on average during the week. Back when I first started my engineering career, I'd start the week putting a pack of hot dogs into the lab refrigerator and a pack of buns on top. Cost $2 in 1985. That was my lunch for the week...
by ofcmetz
Mon Jan 19, 2015 10:47 am
 
Forum: Investing - Theory, News & General
Topic: Suze Orman: $100 into $860k, and cfiresim
Replies: 47
Views: 5375

Re: U.S. stocks in freefall

At least one guy (former CIA agent or something) is forecasting that the market could drop 70% in one day. That would be a doozy wouldn't it? I think the biggest one-day drop in history was about 25% back in 1987. I guess anything is possible. I wonder what most of us would do if that actually happ...
by ofcmetz
Thu Jan 15, 2015 1:02 am
 
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 1261
Views: 241178

Re: Expenses vs profit

Comparing those two funds makes no sense. The 500 fund is very diversified and should be expected to move less either up and down than the healthcare fund. The healthcare fund is super concentrated in only one sector is is much more risky. I'd make sure it is a very small portion of your total portf...
by ofcmetz
Thu Jan 15, 2015 12:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Expenses vs profit
Replies: 4
Views: 470

Re: 1st time 401K - Need advice & helps!

I have one more question, all of the Spartan funds which are available to me, all of them are Fidelity Advantage Class. I saw minimum investment for each of those funds are at least $10,000. Since this will be the 1st time I'm building up my 401k ($0 balance in 401K), am I still eligible to use the...
by ofcmetz
Thu Jan 15, 2015 12:37 am
 
Forum: Investing - Help with Personal Investments
Topic: 1st time 401K - Need advice & helps!
Replies: 14
Views: 935

Re: Finally joined the two comma club

Congrats vv. Well done!
by ofcmetz
Thu Jan 15, 2015 12:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Finally joined the two comma club
Replies: 42
Views: 6310

Re: Fidelity Customers, What Do You Hold at FIDO?

Fidelity is only for my taxable investments. I only hold the Spartan Total Market Index there. I find their new website easy to use and have had no negative issues.
by ofcmetz
Thu Jan 08, 2015 9:30 am
 
Forum: Investing - Theory, News & General
Topic: Fidelity Customers, What Do You Hold at FIDO?
Replies: 43
Views: 4259

Re: 2015 Predictions: Most Popular Topics

Is Livesoft a bot created by Taylor in his lab?

or

why not 100% in oil?
by ofcmetz
Tue Jan 06, 2015 6:52 am
 
Forum: Investing - Theory, News & General
Topic: 2015 Predictions: Most Popular Topics
Replies: 38
Views: 2519

Re: 2015 BOGLEHEAD CONTEST REGISTRATION

Let's go for a yearly drop. I pick the same as last year. 1729.29.
by ofcmetz
Mon Jan 05, 2015 6:21 pm
 
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEAD CONTEST REGISTRATION
Replies: 556
Views: 20938

Re: How Much Do You Sacrifice?

If I wasn't meeting my savings goals as well as paying my bills, then I would definitely cut back on something. I also think that at regular intervals one should examine his or hers spending to make sure things aren't getting out of control. That said, if you are saving a reasonable amount, then you...
by ofcmetz
Wed Dec 31, 2014 9:24 am
 
Forum: Personal Consumer Issues
Topic: How Much Do You Sacrifice?
Replies: 82
Views: 6797

Re: Boglehead Beer

I drink Bud Light. Not because it's cheap, I just happen to like that beer the best. Benjamin Franklin never wanted to speak ill of any man. I never want to speak ill of any man's beer, but I don't drink Bud as much as I used to now that I've discovered the craft beers. I did once drink 22 bud ligh...
by ofcmetz
Wed Dec 31, 2014 9:16 am
 
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 512
Views: 76504

Re: How am I doing? Update from last post

I'm not sure what your total income is. Looks like between the two of you are saving about 81K a year (23K your 401K, 17K partner's 401K, 5.5K back door ROTH, and 20K taxable). Is that correct? If it were me, I'd probably want to save at least 20% or maybe even 30% of my gross income if I was in tha...
by ofcmetz
Sun Dec 28, 2014 11:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: How am I doing? Update from last post
Replies: 7
Views: 1154

Re: Maxing out 401k and compensating from savings

Gronnie wrote:Getting more into your 401k also protects that money. Some examples that it may possibly be protected from are creditors and lawsuits.



In my line of work, I find this a very good reason to use my 457B, 403B and ROTH IRA. You can google and find out which assets in your state are protected.
by ofcmetz
Sun Dec 28, 2014 10:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Maxing out 401k and compensating from savings
Replies: 11
Views: 1136

Re: Stable value funds - is there a catch?

In my deferred comp plan the interest on the stable value fund adjusts every three months based on what the underlying bond portfolio produces. It's gone from close to 5% several years ago to 2.5% now. It goes down about 5 basis points a quarter lately. It functions more like a money market fund tha...
by ofcmetz
Sun Dec 28, 2014 6:28 pm
 
Forum: Investing - Theory, News & General
Topic: Stable value funds - is there a catch?
Replies: 13
Views: 1616

Re: Thoughts on real estate allocation and owning your home

placeholder wrote:I do not include my house or its associated loans in any aspects of my investment portfolio.


^This is how I do things as well. The house does factor into my net worth, but one's net worth doesn't mean as much as ones liquid investments in my opinion.
by ofcmetz
Mon Dec 22, 2014 8:48 pm
 
Forum: Investing - Theory, News & General
Topic: Thoughts on real estate allocation and owning your home
Replies: 34
Views: 3798

Re: (Poll) Did you tap into emergency fund in the past 10 ye

Most expensive thing was a transmission for a Honda Civic. $2K unexpected for that one. This year my fridge died. Only $1100 for that.
by ofcmetz
Sat Dec 20, 2014 11:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: (Poll) Did you tap into emergency fund in the past 10 years?
Replies: 64
Views: 5991

Re: Stuck with TIAA-CREF-is there a Boglehead mix?

I think I would make my allocation a combination of the Traditional, Real Estate, Equity Index, and International Index. You have some excellent choices available to you. Since I use more than just my 403B, I just use the Traditional and Real Estate funds in the 403B.
by ofcmetz
Sat Dec 20, 2014 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stuck with TIAA-CREF-is there a Boglehead mix?
Replies: 20
Views: 1676

Re: High(ish) earner; spending too much?

I usually set a savings goal at the beginning of a year as a percentage of my gross pay and have an idea on the rough amount it will be in actual dollars. If I hit or exceed that goal and have my bills paid, then I don't worry about how much of my extra money go towards things like vacations or toys...
by ofcmetz
Sat Dec 20, 2014 6:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: High(ish) earner; spending too much?
Replies: 71
Views: 9328

Re: S&P index fund moving in wrong direction

At the end of every quarter it pays a dividend and the share values drop accordingly. This is how it should be.
by ofcmetz
Sat Dec 20, 2014 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: S&P index fund moving in wrong direction
Replies: 7
Views: 1350
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