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Re: What I learned at my mandatory employee 403(b) info meet

And the thing is....there's actually nothing to change at least here in Texas. We can already bypass the "advisor" guys and open our own no-fee accounts with Vanguard or Fidelity. I find this amazing. I don't recall other people having this opportunity. You are very lucky. I do blame my d...
by retiredjg
Sat Apr 25, 2015 3:45 pm
 
Forum: Investing - Theory, News & General
Topic: What I learned at my mandatory employee 403(b) info meeting
Replies: 26
Views: 2039

Re: Is the 1% Cost of Managing Money Worth It?

I believe that the 1% annual AUM charge is very much worth it when: 1. The client lacks the knowledge to develop a good investment plan. 2. The client is intimidated about taking responsibility for investment decisions. 3. The client lacks the discipline to follow a plan / stay the course. 4. The m...
by retiredjg
Sat Apr 25, 2015 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the 1% Cost of Managing Money Worth It?
Replies: 21
Views: 851

Re: keep advisor or do it myself

cherijoh wrote:It doesn't have to be new money. :happy Ralph could be reallocating a chunk of his 401k portfolio.

I guess I overlooked the obvious, didn't I? :happy
by retiredjg
Sat Apr 25, 2015 3:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: keep advisor or do it myself
Replies: 38
Views: 2767

Re: Your experiences of high inflation periods

I bought a house about 1979. Back then you could "assume" someone else's loan. I remember being told this was really great because my mortgage interest rate would only be 7% (or was it 9%) and that was WAY better than getting a new loan which IIRC was about 15% or thereabouts. I was young ...
by retiredjg
Sat Apr 25, 2015 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your experiences of high inflation periods
Replies: 14
Views: 432

Re: Is the 1% Cost of Managing Money Worth It?

Some people just need someone to do the money management. For those who need it, 1% is a lot to pay when you can get the same or better service at Vanguard for .3%. So no, the 1% cost of managing money is not worth it in my opinion. No, they don't have a bad of tricks, although many think they do.
by retiredjg
Sat Apr 25, 2015 1:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the 1% Cost of Managing Money Worth It?
Replies: 21
Views: 851

Re: keep advisor or do it myself

Let's not forget the .15% Schwab ABP fee - not sure what it is, but it is extra. Apparently it is an "asset based pricing" fee - whatever that is.
by retiredjg
Sat Apr 25, 2015 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: keep advisor or do it myself
Replies: 38
Views: 2767

Re: keep advisor or do it myself

DFA vs. Vanguard. To say I am confused is a minor statement. I read too much and sometimes get on overload. Just read an online article by Mark Hebner of Index Fund Advisors who analyzed DFA v. Vanguard ad nauseum. I know that DFA tilts to small and value, but the differences he gives are in spite ...
by retiredjg
Sat Apr 25, 2015 11:43 am
 
Forum: Investing - Help with Personal Investments
Topic: keep advisor or do it myself
Replies: 38
Views: 2767

Re: What I learned at my mandatory employee 403(b) info meet

I did send out a school-wide email explaining that we do have other options such as Vanguard and Fidelity but only one teacher out of 150 (actually a counselor not a teacher) wrote back to thank me for the information. Good for you! There may not have been much of a response, but the next time some...
by retiredjg
Sat Apr 25, 2015 11:02 am
 
Forum: Investing - Theory, News & General
Topic: What I learned at my mandatory employee 403(b) info meeting
Replies: 26
Views: 2039

Re: investing $3,000 with Vanguard

If the LifeStrategy fund you have is appropriate for your age, needs, and temperament, there is no need to look for something else. The LS funds cover everything you need, they are low cost, and they make investing very easy. These funds contain what we call the 3 fund portfolio (total stock index, ...
by retiredjg
Sat Apr 25, 2015 8:22 am
 
Forum: Investing - Help with Personal Investments
Topic: investing $3,000 with Vanguard
Replies: 3
Views: 417

Re: What I learned at my mandatory employee 403(b) info meet

It almost makes me want to start my own White Coat Investor blog for teachers or go into investment advice on the side.... This would be a really good idea, even if you only aimed at your local school district at first. Word would get around. People do want information - they are just uninformed ab...
by retiredjg
Sat Apr 25, 2015 8:17 am
 
Forum: Investing - Theory, News & General
Topic: What I learned at my mandatory employee 403(b) info meeting
Replies: 26
Views: 2039

Re: Tax Planning for 2015

I think you will get more answers if you post this question in your own thread. There may not be many people following this old one. I'm not sure I would use the deferred comp plan because of the withdrawal requirements. An unexpected change of control or a job change will throw all this money at yo...
by retiredjg
Sat Apr 25, 2015 8:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for 2015
Replies: 15
Views: 3516

Re: TSP ==> Vanguard or not

letsgobobby, why does transferring out of the TSP mean no backdoor Roth? I was under the impression that you can roll it into a traditional IRA. Then you can backdoor Roth that. If the gets rolled to tIRA, it would be in the way of back door contributions to Roth each year. The poster probably does...
by retiredjg
Fri Apr 24, 2015 5:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: TSP ==> Vanguard or not
Replies: 11
Views: 880

Re: TSP ==> Vanguard or not

I would not transfer out of the TSP. It sounds like you will need to use the back door to contribute to Roth IRA in the future. The TSP could be a good place to put any IRAs you have here and there. If you don't know about the back door, search for it in the Wiki and be sure to read the links at the...
by retiredjg
Fri Apr 24, 2015 2:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: TSP ==> Vanguard or not
Replies: 11
Views: 880

Re: International Allocation in a 401k

PNW_Hunter wrote:I'm glad you havent started charging me an AUM fee ;)

Don't worry. The bill will be coming from ruralavalon, but I'll get my cut.... :twisted:
by retiredjg
Fri Apr 24, 2015 1:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: International Allocation in a 401k
Replies: 37
Views: 1666

Re: International Allocation in a 401k

So If/when you fill everything up, your $5,500 going to Roth will actually be a little less than what is "needed" ($5,640). But you'll soon see that it won't matter if it is a little short. Since the international percentage piggybacks on the total stock percentage - something that interna...
by retiredjg
Fri Apr 24, 2015 8:29 am
 
Forum: Investing - Help with Personal Investments
Topic: International Allocation in a 401k
Replies: 37
Views: 1666

Re: Part B or not Part B, that is the question

barber, do you think you got Part B without the penalty because you still have the Anthem coverage or because your wife retired less than 8 months ago? I'm thinking it is because of the Anthem coverage.
by retiredjg
Fri Apr 24, 2015 7:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Part B or not Part B, that is the question
Replies: 17
Views: 1181

Re: International Allocation in a 401k

Ah, retiredjg, you must not have known that I am a closet perfectionist, which is why I have been resistant to the "close to perfect" or "close enough" mentality I have been reading about on this board. Actually, your perfectionist nature is not closeted at all - comes through l...
by retiredjg
Fri Apr 24, 2015 7:00 am
 
Forum: Investing - Help with Personal Investments
Topic: International Allocation in a 401k
Replies: 37
Views: 1666

Re: International Allocation in a 401k

Not even to mention someday I will not even be able to contribute to an IRA. Possible but I don't think this is very likely. Even if it does happen, a taxable account is a good place to hold an international stock index. You will probably always be able to contribute to tIRA, even if the contributi...
by retiredjg
Thu Apr 23, 2015 7:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: International Allocation in a 401k
Replies: 37
Views: 1666

Re: Do you Bogleheads really follow the 3-4% SWR rule?

For the new people who may be wondering, I'd like to say this is not really a rule or a guaranteed method. It represents a study of what happened in the past. Some people did a study of what happened for 30 year periods back to the 1920's if I recall correctly. In general, portfolios didn't fail bef...
by retiredjg
Thu Apr 23, 2015 5:06 pm
 
Forum: Investing - Theory, News & General
Topic: Do you Bogleheads really follow the 3-4% SWR rule?
Replies: 45
Views: 2958

Re: Should I paint the house next door?

A couple of years ago I was hired by my co-worker (who does landscaping on the side) to paint a house. I assumed that the owner of this house was the one who asked for this to be done, but I found out later that I was actually painting my co-worker's next-door-neighbor's house (unbeknownst to the n...
by retiredjg
Thu Apr 23, 2015 3:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I paint the house next door?
Replies: 17
Views: 2218

Re: TIRA conversion to Roth

YOu can re-characterize to Roth - they just take the money and put it in Roth as if it had always been there. Or you can convert it to Roth. If you do a Roth conversion, you do report the contribution to tIRA and also report that you converted it to Roth IRA. Both of these moves are documented by yo...
by retiredjg
Thu Apr 23, 2015 2:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: TIRA conversion to Roth
Replies: 2
Views: 203

Re: AA when you don't know what age you'll retire?

It is difficult to come up with a stock to bond ratio based on number of years till you retire. Why not ditch that idea and pick your number based on the amount of risk you feel comfortable with? 90% stock may drop 40 to 45% in a crash (or more if a crash is worse than we think of as "normal&qu...
by retiredjg
Thu Apr 23, 2015 2:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA when you don't know what age you'll retire?
Replies: 19
Views: 1266

Re: Do you Bogleheads really follow the 3-4% SWR rule?

I keep it in mind. But if you make big changes in your life (like move across the country) you can go over that number pretty easily. So other years, I try to take less.
by retiredjg
Thu Apr 23, 2015 1:49 pm
 
Forum: Investing - Theory, News & General
Topic: Do you Bogleheads really follow the 3-4% SWR rule?
Replies: 45
Views: 2958

Re: 401k in-service withdrawals

Alan S. (who seems to know a lot about this subject) has indicated that after-tax 401k to Roth IRA may be the better choice. He'd have to discuss the specifics, but I believe the IRR (in-service Roth Rollover) cannot be recharacterized if you change your mind and it might have a 5 year clock. There ...
by retiredjg
Thu Apr 23, 2015 1:46 pm
 
Forum: Investing - Theory, News & General
Topic: 401k in-service withdrawals
Replies: 5
Views: 531

Re: Should I simplify or pursue a financial advisor?

I really need to learn more about this concept. Would appreciate links or book or paper referrals to learn more on the topic. Thank you. I don't recall any books or papers. It is a subject that gets discussed here fairly often - you'll just have to watch for those posts. The short story is to figur...
by retiredjg
Thu Apr 23, 2015 11:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I simplify or pursue a financial advisor?
Replies: 9
Views: 1196

Re: International Allocation in a 401k

I live in a state with no state income tax. Does that aid in an argument in either direction for roth vs traditional? I did some searching around on bogleheads, and this appears to be a highly debatable topic... If you live in CA (high taxes) and plan to retire in NV (no state tax), you would proba...
by retiredjg
Thu Apr 23, 2015 10:11 am
 
Forum: Investing - Help with Personal Investments
Topic: International Allocation in a 401k
Replies: 37
Views: 1666

Re: International Allocation in a 401k

With regards to the Roth vs traditional, since I'm currently in the 25% bracket, and my salary will increase over the years and theoretically I'll be in a higher tax bracket as I age, isn't that an argument for a Roth 401k? I read the boglehead wiki on this and that's what I took away from it.. Yes...
by retiredjg
Thu Apr 23, 2015 9:40 am
 
Forum: Investing - Help with Personal Investments
Topic: International Allocation in a 401k
Replies: 37
Views: 1666

Re: Part B or not Part B, that is the question

I have recently went thru this process. I am 73 and the spouse of a retired postal employee. When I turned 65 I contacted OPM and received paperwork to take to SS office proving I had medical coverage and was staying on my spouse's plan. I just enrolled in part B with NO PENALTY and paying $104.95 ...
by retiredjg
Thu Apr 23, 2015 7:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Part B or not Part B, that is the question
Replies: 17
Views: 1181

Re: Part B or not Part B, that is the question

It goes up 10% per year (for the rest of your life) if you take it later: https://www.opm.gov/healthcare-insurance/healthcare/medicare/medicare-part-b-coverage/ I didn't find the words here very clear. If you didn't take Part B at age 65 because you were covered under FEHB as an active employee (or...
by retiredjg
Thu Apr 23, 2015 7:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Part B or not Part B, that is the question
Replies: 17
Views: 1181

Re: Still having a hard time on retiring

You will be amazed at how fast that 8 months goes. Hope you enjoy it. :happy
by retiredjg
Thu Apr 23, 2015 5:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Still having a hard time on retiring
Replies: 43
Views: 6056

Re: Should I make Roth contributions to 401k?

But one thing it is not considering is that even if you are in the 25% bracket in retirement, not all the money coming out of the account will necessarily be taxed at 25%. Some is likely to fall into lower brackets. But all of the money going in will have been taxed at 25% unless you are straddling...
by retiredjg
Thu Apr 23, 2015 5:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I make Roth contributions to 401k?
Replies: 28
Views: 1902

Re: International Allocation in a 401k

PNW+Hunter, you don't really need the S&P Mid Cap to approximate total stock market. The mid caps are not really left out - there are some mid cap stocks in the 500 index and lots of mid cap stocks in the Russell 2000 Index. What's happening is that the S&P people have divided up the stock m...
by retiredjg
Thu Apr 23, 2015 4:41 am
 
Forum: Investing - Help with Personal Investments
Topic: International Allocation in a 401k
Replies: 37
Views: 1666

Re: Should I paint the house next door?

There are lots of ways this idea of yours can go wrong. I would not do it. Why not just take that cost off the price of the home you want to sell?
by retiredjg
Wed Apr 22, 2015 5:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I paint the house next door?
Replies: 17
Views: 2218

Re: Which of these bond funds is best?

The least bad fund is American Century Infl-Adj Bond Instl (AIANX, .27%) because of the cost. If you don't want to put all your bonds into an inflation adjusted bond, put half in the 401k and half into Roth IRA. At Fidelity, use one of the Spartan bond funds.
by retiredjg
Wed Apr 22, 2015 4:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which of these bond funds is best?
Replies: 4
Views: 529

Re: Roth 401k and Target Date Funds

You are married, so you should be considering your spouse's account too - make the whole thing work together. It would be helpful to know how much you are saving. You definitely want to put enough in the 401k to meet your match - that's a no-brainer. After that, opinions vary about whether you shoul...
by retiredjg
Wed Apr 22, 2015 4:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k and Target Date Funds
Replies: 6
Views: 516

Re: Part B or not Part B, that is the question

It seems too expensive when you are a young and healthy 65-year-old, but later it might not seem so expensive. So it's hard to judge based on one's past experience at any point, I think. Low option GEHA + Medicare Part B costs the same as High option GEHA alone, so I think that part will be a wash....
by retiredjg
Wed Apr 22, 2015 3:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Part B or not Part B, that is the question
Replies: 17
Views: 1181

Re: International Allocation in a 401k

The easiest thing is Option 2 but since we don't know the sizes of the accounts involved....hard to say. I don know from looking at other portfolios, that some people have trouble keeping 40% of their stocks in international for just this reason - the Roth space is not big enough. Of course, if you ...
by retiredjg
Wed Apr 22, 2015 3:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: International Allocation in a 401k
Replies: 37
Views: 1666

Re: 26 year old asking advise on the next steps to take

I used this site to determine the 28% tax bracket. Bank Rate . I apologize number mean a lot and in this case my actual salary is 91,814... putting me right into the 28%. If my understanding of the table is correct. As mentioned by BL, the table is referring to your taxable income, not your salary....
by retiredjg
Wed Apr 22, 2015 3:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: 26 year old asking advise on the next steps to take
Replies: 15
Views: 1056

Re: 26 year old asking advise on the next steps to take

I'm 26 and own about 10 companies that pay solid dividends (JNJ, PG, XOM, KO, etc), but it's hard to sell those stocks when you will need to pay capital gain taxes. Currently I'm in the 15% bracket and prefer to stay there as long as possible... Are you aware that long term capital gains are taxed ...
by retiredjg
Wed Apr 22, 2015 3:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: 26 year old asking advise on the next steps to take
Replies: 15
Views: 1056

Re: Part B or not Part B, that is the question

I'm not sure either. I decided to get Part B and switch to GEHA low (from GEHA high) and see how it worked out - thinking that Part B can be dropped later if it is not that helpful. Best I can tell, if you buy Part B, you pay less for services (maybe almost nothing because the 2 coverages would cove...
by retiredjg
Wed Apr 22, 2015 1:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Part B or not Part B, that is the question
Replies: 17
Views: 1181

Re: 26 year old asking advise on the next steps to take

You are doing fine. Very well, in fact. I doubt you are in the 25% bracket unless you have more income than the $91k and some dividends. I think you may be in the 25% bracket. Do you know how to determine this? If money is piling up in savings and if you are not saving for a particular goal (next ca...
by retiredjg
Wed Apr 22, 2015 1:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: 26 year old asking advise on the next steps to take
Replies: 15
Views: 1056

Re: International Allocation in a 401k

Most people have bad choices for international in their 401k accounts. You have a good choice, but it is not the complete package. In the long run, it is difficult to know if this will make any difference, but a lot of us just like to have the complete package anyway. The best way to fix it is to pu...
by retiredjg
Wed Apr 22, 2015 1:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: International Allocation in a 401k
Replies: 37
Views: 1666

Re: Should I make Roth contributions to 401k?

EDIT: A Roth IRA seems "sexy" to me, but I don't think it's right for our family at the time! :beer Roth 401k and Roth IRA are not the same thing. This discussion is about Roth 401k, not Roth IRA. Traditional 401k may be your best choice at the same time that traditional IRA may not be a ...
by retiredjg
Wed Apr 22, 2015 12:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I make Roth contributions to 401k?
Replies: 28
Views: 1902

Re: Can I open a Vanguard Brokerage account with my...?

My guess is you probably do not want to do this even if you can. If you want both I think you should just be satisfied with having an IRA at both places.
by retiredjg
Tue Apr 21, 2015 5:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I open a Vanguard Brokerage account with my...?
Replies: 25
Views: 1562

Re: Portfolio & Allocation Qs, Taking Control, Leaving Advis

You are close. If there is dollars in the traditional IRA's any IRA in your name other than Roth (that includes rollover IRA, SIMPLE IRA, SEP IRA, traditional IRA)) that was deductible at one point (e.g. 401K rollover) then the pro-rated thing kicks in where you need to figure out what percentag...
by retiredjg
Tue Apr 21, 2015 5:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio & Allocation Qs, Taking Control, Leaving Advisors
Replies: 12
Views: 1073

Re: Has anyone changed their asset allocation

nisiprius wrote: I don't think there's a simple recipe for "contrarian" investing because I think the opposite of timing the market badly isn't timing the market the other way, I think the opposite of timing the market badly is not timing the market at all.

I particularly enjoyed this part!
by retiredjg
Tue Apr 21, 2015 8:49 am
 
Forum: Investing - Theory, News & General
Topic: Has anyone changed their asset allocation
Replies: 58
Views: 3381

Re: Should I make Roth contributions to 401k?

I don't know about the calculator either way other than it is not producing what I would have expected. But one thing it is not considering is that even if you are in the 25% bracket in retirement, not all the money coming out of the account will necessarily be taxed at 25%. Some is likely to fall i...
by retiredjg
Tue Apr 21, 2015 7:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I make Roth contributions to 401k?
Replies: 28
Views: 1902

Re: Mom is 59.5, in a terrible 403b. can she rollover?

Back to the original poster....crozbee, have you been able to learn anything about your mother's plan?
by retiredjg
Tue Apr 21, 2015 6:04 am
 
Forum: Investing - Help with Personal Investments
Topic: Mom is 59.5, in a terrible 403b. can she rollover?
Replies: 24
Views: 2123

Re: Mom is 59.5, in a terrible 403b. can she rollover?

They allow nothing prior to 59 1/2. They even said that if an employee is laid off, they are still considered to be in service. That to me seems debatable ... The only way the plan will allow changes prior to 59 1/2 is with a qualifying event. It's tough, because one is at the mercy of usually high...
by retiredjg
Mon Apr 20, 2015 7:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Mom is 59.5, in a terrible 403b. can she rollover?
Replies: 24
Views: 2123

Re: Can I open a Vanguard Brokerage account with my...?

Apparently once again google and wikipedia are our friends. I doubt, but do not know, that you can buy Vanguard Admiral shares inside an IRA at another custodian. But but you'll have to ask them because they are the only ones who would know. In the meantime, if you want an IRA with Vanguard Admiral ...
by retiredjg
Mon Apr 20, 2015 6:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Can I open a Vanguard Brokerage account with my...?
Replies: 25
Views: 1562
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