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Re: 403b Question

I don't have access to the studies, but if the expenses exceed 1.5% the calculations usually turn in favor of forgoing the retirement plan and investing in a taxable account (at least for a long holding period) That figure "1.5%" has been mentioned as the breaking point for over a decade....
by sschullo
Tue Mar 24, 2015 3:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b Question
Replies: 26
Views: 1835

Re: The one area I disagree with Jack

Lately, there has been a lot of people making a special point of disagreeing with Bogle, whether its value tilt, international exposure, etfs, and now whether to count SS as your fixed allocation. Who cares about disagreeing with Bogle on these issues. We can make our own decisions based on Bogle's ...
by sschullo
Tue Mar 24, 2015 10:23 am
 
Forum: Investing - Theory, News & General
Topic: The one area I disagree with Jack
Replies: 93
Views: 7264

Re: Michael Lewis puts his money into Vanguard index funds

One other point is the behavior of your fellow investors. With VG and TIAA CREF, there is less trading because the 25 million participants are invested with 4 Trillion in their assets not bouncing in and out of different funds in a futile attempt to time the market. We are buy and hold and VG and Ti...
by sschullo
Mon Mar 23, 2015 4:21 pm
 
Forum: Investing - Theory, News & General
Topic: Michael Lewis puts his money into Vanguard index funds
Replies: 12
Views: 3091

Re: Investment Noise

I wrote this article blog post about media noise and the necessity to ignore it: http://latebloomerwealth.com/retirement-planning/noise-at-my-birthday-dinner . Interesting, I wrote the article almost two years ago and don't remember the media noise specifics to make investors feel anxious and trade....
by sschullo
Sun Mar 22, 2015 9:54 pm
 
Forum: Investing - Theory, News & General
Topic: Investment Noise
Replies: 3
Views: 691

Re: 403b vs A & C shares

A share usually carry the load when you purchase and C shares are usually the deferred loads. Both are terrible choices.
Call Tiaa Cref and ask them if they might sign up with your district. http://www.tiaa-cref.org
Also, you state pension plan might have a low cost 403b or 457b plan.
by sschullo
Sun Mar 22, 2015 9:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b vs A & C shares
Replies: 5
Views: 370

Re: Free Book! Fixing 403(b) Plans

Thanks for the detailed reply! Good to know we should be safe in higher ed, but I feel bad for the k-12 set -- two of whom we're related to. Great, the book is for those two relatives. Last thought about higher ed and k-12 cultures. Higher ed has had TIAA CREF since 1918. Tia Cref entered the k-12 ...
by sschullo
Sun Mar 22, 2015 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free Book! Fixing 403(b) Plans
Replies: 10
Views: 613

Re: Free Book! Fixing 403(b) Plans

Is there anything inherently bad about 403b plans as compared to 401k? I've been quite impressed with my wife's 403b plan through the private university she works for, but I'd like to know if there's anything specific I should look out for there or at her future (likely academic) employer's. Almost...
by sschullo
Sun Mar 22, 2015 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Free Book! Fixing 403(b) Plans
Replies: 10
Views: 613

Free Book! Fixing 403(b) Plans

Hi all, The book is a low-key story about a few educators' efforts to reform the troubled 403(b) system with one behemoth employer--Los Angeles Unified, with a happy ending! It's for all employees to know more about and improve your employer sponsored retirement plan no matter what and who you work ...
by sschullo
Sun Mar 22, 2015 9:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Free Book! Fixing 403(b) Plans
Replies: 10
Views: 613

Re: Which credit union are you a member of?

Currently, I am not a member of any credit union. I used have an account at Teachers Federal Credit Union. I also had an account at USAA, but USAA closed my account. I see no advantage to either of these banking institutions over my current bank which is Wells Fargo. Yeah, I used to have the Teache...
by sschullo
Sat Mar 21, 2015 7:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Which credit union are you a member of?
Replies: 60
Views: 4572

Re: An inspiring message for Bogleheads

Bogleheads, I am Peter. For example, family events would be potentially awkward if some people in particular knew how much I have saved because I would be sort of an outlier in my family. :? Silence Dogood Thank you Peter for you story. I want to leave you two ideas to ponder: 1. there is nothing w...
by sschullo
Fri Mar 20, 2015 11:40 am
 
Forum: Investing - Theory, News & General
Topic: An inspiring message for Bogleheads
Replies: 56
Views: 4169

Re: An inspiring message for Bogleheads

Peter’s story is a great one and he is definitely to be congratulated. And I just wanted to provide some of my own reinforcement for the Boglehead principles. During my first 12+ years in the Marine Corps right after high school (of nearly 34 total), I made virtually every personal finance mistake ...
by sschullo
Fri Mar 20, 2015 9:57 am
 
Forum: Investing - Theory, News & General
Topic: An inspiring message for Bogleheads
Replies: 56
Views: 4169

Re: An inspiring message for Bogleheads

Thanks for the post Taylor. Often overlooked, the forum provides the emotional benefit of 'hope' for many of us and for that I am grateful. +1 - Agreed and well said, tennisplyr! Congratulations, Peter, Day9, and thanks for sharing, Taylor! :D +2 - congrats Peter, your story shows, time and again, ...
by sschullo
Fri Mar 20, 2015 9:02 am
 
Forum: Investing - Theory, News & General
Topic: An inspiring message for Bogleheads
Replies: 56
Views: 4169

Re: What Age Did You First Ponder Financial Independence?

When I played Monopoly as a ten year old and I bought all of the houses and wiped everybody out. What fun!
by sschullo
Thu Mar 19, 2015 7:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 6629

Re: Observations from a first time poster, long time reader.

Is it a bad thing that I do not know what a covered call is? :? Me either. Something else to Google that I probably won't understand! :confused Folks, No. It simply mean that you know one less way to lose money. KlangFool There are hundreds of financial gimmicks and while many bogleheads enjoy the ...
by sschullo
Thu Mar 19, 2015 7:44 pm
 
Forum: Investing - Theory, News & General
Topic: [New Member Observations- Covered Calls, Financial Advisors]
Replies: 221
Views: 15406

Re: Steering family away from costly Financial Adviser or MY

Your situation is sad. Vast majority of people with investments are in similar situation and they like their adviser, broker whatever and nothing you can do to change that. An acquaintance was sold Apple stock when it was $600 a share 2+ years ago. That was bad enough but this broker took my acquain...
by sschullo
Mon Mar 16, 2015 9:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Steering family away from costly Financial Adviser or MYOB?
Replies: 28
Views: 2244

Re: What are some common misconceptions found in this forum?

I have found some truth in each of the above statements, but need to be taken in context to understand where the boundaries are, and why they are at least partially true in some cases. I would not say these are coming through as absolute truths in the forum because there are enough wise ones here t...
by sschullo
Sun Mar 15, 2015 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 207
Views: 16415

Re: What are some common misconceptions found in this forum?

grabiner wrote:
sschullo wrote:I didn't see this one listed either: Bogleheads rarely make mistakes.


We have threads on this subject; most Bogleheads have made significant financial mistakes. It's part of the learning process.


I hear ya, that's why it's a misconception.
by sschullo
Sat Mar 14, 2015 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 207
Views: 16415

Re: SIGN PETITION FOR Jack Bogle's Presidential Medal of Fre

pennstater2005 wrote:I believe close to 3,000.


Only 3,000? given that there are over 43,000 registered on this forum.
by sschullo
Sat Mar 14, 2015 10:39 am
 
Forum: Local Chapters and Bogleheads Community
Topic: SIGN PETITION FOR Jack Bogle's Presidential Medal of Freedom
Replies: 182
Views: 11541

Re: Should tilters recommend tilting to beginners?

Wagnerjb wrote:
cheese_breath wrote:You should make sure they thoroughly understand the basics before you introduce refinements.


+2

+3, yeah, reducing costs, indexing and diversification. Those basics took some of us years to comprehend.
by sschullo
Sat Mar 14, 2015 10:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Should tilters recommend tilting to beginners?
Replies: 49
Views: 2727

Re: Nasdaq Negative returns since 2000?

I would agree that the returns since 2000 haven't been great, but I think this article underestimates them significantly by pulling out dividends. I found an online calculator here: http://dqydj.net/sp-500-return-calculator/ that doesn't completely match the author's numbers but gets fairly close. ...
by sschullo
Sat Mar 14, 2015 9:16 am
 
Forum: Investing - Theory, News & General
Topic: Nasdaq Negative returns since 2000?
Replies: 8
Views: 835

Re: What are some common misconceptions found in this forum?

I think some posters are confusing Misconception with conventional wisdom . A misconception has an element of actual error in it. Conventional wisdom is merely the generally shared opinion of a group . To say that a house is not an asset is a misconception to say that bonds have no risk is a miscon...
by sschullo
Sat Mar 14, 2015 8:57 am
 
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 207
Views: 16415

Re: Biggest Investment Mistake

Previous discussions on this topic: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=155511 Bogleheads • View topic - Your worst investing mistake https://www.bogleheads.org/forum/viewtopic.php?t=69004 Experience is a cruel teacher; how cruel was it to you? How much (in taxes, lost returns,...
by sschullo
Thu Mar 12, 2015 1:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Biggest Investment Mistake
Replies: 5
Views: 837

Re: How Confident on your Retirement Prospects? Pre-Retirees

Because of all the mistakes made willing trying to accumulate, we were not confident at all about our retirement nest egg. Then losing a million in the tech bubble and while our fifties was a shock and convinced us that we would have to work till 70 or more. Alas, with a little bit of luck and sheer...
by sschullo
Thu Mar 12, 2015 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: How Confident on your Retirement Prospects? Pre-Retirees
Replies: 14
Views: 1078

Re: Will you buy an Apple Watch?

Nope, too complicated and expensive. I love my Movado as the gold matches my glasses.
by sschullo
Thu Mar 12, 2015 12:31 am
 
Forum: Personal Consumer Issues
Topic: Will you buy an Apple Watch?
Replies: 318
Views: 15878

Re: Anyone Else Think Nest Thermostat is Buggy?

I like my nest too. No unusual problems. Sometimes it kicks itself off of the network, but a simple logging on was all that it took to get back on track.
by sschullo
Tue Mar 10, 2015 10:22 am
 
Forum: Personal Consumer Issues
Topic: Anyone Else Think Nest Thermostat is Buggy?
Replies: 30
Views: 2815

Re: Boglehead degree status

For someone who flunked the 2nd grade, I agree with KISS. Louis Rukeyser was asked in a rare interview, what made the his Wall Street Week show so popular for 3 decades. I would have expected him to say that he had intelligent guests and his sense of humor, but he said "You have to speak Englis...
by sschullo
Sun Mar 08, 2015 1:03 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Boglehead degree status
Replies: 52
Views: 4837

Re: Why are bonds a bad investment for a taxable account?

Why don't people ever say that savings accounts or CDs are a bad investment for a taxable account? Their tax treatment is the same as bonds, right? The other angle on this is that some assets just have to be in taxable accounts and have to be "safe." For that there is going to be some tax...
by sschullo
Sun Mar 08, 2015 10:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Why are bonds a bad investment for a taxable account?
Replies: 22
Views: 2048

Re: Leaving MorganStanley

Good for you on your decision to leave MS!
by sschullo
Sun Mar 08, 2015 10:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Leaving MorganStanley
Replies: 12
Views: 1411

Re: A Jim Cramer Analysis.

There are many discussion threads about Cramer. Here is a starter: https://www.bogleheads.org/forum/viewtopic.php?f=10&t=132868
by sschullo
Fri Mar 06, 2015 10:00 pm
 
Forum: Investing - Theory, News & General
Topic: A Jim Cramer Analysis.
Replies: 7
Views: 1073

Re: What would you have done differently when retiring?

Retired 7 years ago at age 61, never regretted it. It took some time to transition to what I am doing now. But thinking back about planning for retirement, my investing mistakes, the usual suspects--starting late, getting sold two fixed annuities, lack of diversification, trusting active management,...
by sschullo
Thu Mar 05, 2015 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: What would you have done differently when retiring?
Replies: 116
Views: 12845

Re: Rich dad, poor dad

Here is the best take-down of Kiyosaki. John T. Reed is someone who is famous for giving frank advice on real estate, but please don't click on the rest of his site! Sometime in the last few years he became a goldbug and inflation doomer but his real estate stuff is still good. Rich Dad, Poor Dad i...
by sschullo
Wed Mar 04, 2015 8:05 am
 
Forum: Personal Consumer Issues
Topic: Rich dad, poor dad
Replies: 31
Views: 3935

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

I had the great pleasure meeting him after his presentation at a conference in 2013. Very sorry, a great loss.
by sschullo
Mon Mar 02, 2015 10:05 am
 
Forum: Personal Finance (Not Investing)
Topic: Tom Stanley-Millionaire Next Door Author Killed in Auto Acci
Replies: 73
Views: 11321

Re: Recovering Your Investment after a Loss

Thanks for post. No calculation is flawless especially when trying to predict anything and the original portfolios from thousands of investors are as varied as the number of grains of sand in the universe. In my own situation, in the run up to the tech bubble crash, I did not have a diversified port...
by sschullo
Sun Mar 01, 2015 11:13 am
 
Forum: Investing - Theory, News & General
Topic: Recovering Your Investment after a Loss
Replies: 12
Views: 1346

Re: 2015 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Will miss this year. Looking forward to visiting a country I visited during the Tet offensive 47 years ago.
by sschullo
Sat Feb 28, 2015 9:41 pm
 
Forum: Investing - Theory, News & General
Topic: 2015 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 68
Views: 8333

Re: New and over 40

I eat out once a week. I'm very frugal. My husband eats out daily. I tend to be the go to person or emergency savings person because my husband is the opposite. He is the breadwinner and pay majority of the bills but he spends all the time and every time I save we end up needing it for something. I...
by sschullo
Thu Feb 26, 2015 11:57 am
 
Forum: Investing - Help with Personal Investments
Topic: New and over 40
Replies: 27
Views: 2276

Re: Do you watch commercials?

No, I don't usually. But a few circumvent my excellent psychological screening process and eventually become a favorite for now. https://www.youtube.com/watch?v=8y6buvXsyto
by sschullo
Mon Feb 23, 2015 10:13 am
 
Forum: Personal Consumer Issues
Topic: Do you watch commercials?
Replies: 42
Views: 1999

Re: Read WSJ every day ?

Read it 30 years ago. Had a prescription for awhile. I don't remember learning much about investing, as that came later from experience. Today, as with most Bogleheads, I ignore any and all print, TV and an internet financial media. It only reports news that is basically sensational, negative and ha...
by sschullo
Sat Feb 21, 2015 7:23 am
 
Forum: Personal Consumer Issues
Topic: Read WSJ every day ?
Replies: 101
Views: 6785

Re: What is your favorite consumer product?

My powerful Vitamix blender, fresh vegetables, coconut milk, several vegetable protein powders and olive oil. I lost 8 pounds in 2 months and brought my cholesterol levels down significantly and kept it off for three years now. Furthermore, its such a healthy drink, my cravings for sweets decreased ...
by sschullo
Fri Feb 20, 2015 4:20 pm
 
Forum: Personal Consumer Issues
Topic: What is your favorite consumer product?
Replies: 174
Views: 11217

Re: What is the worst financial decision that you've made?

What was your dumbest financial decision? Discussion here: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=134130&p=1986148 also here: http://www.bogleheads.org/forum/viewtopic.php?f=10&t=86277 and here: http://www.bogleheads.org/forum/viewtopic.php?f=2&t=128863&start=50 Lar...
by sschullo
Wed Feb 18, 2015 8:50 am
 
Forum: Personal Finance (Not Investing)
Topic: What was your dumbest financial decision?
Replies: 172
Views: 15288

Re: 403b investment help

My age is 31, and I am looking to keep my AA around 90% stocks, 10% bonds. My planned contributions are as follows: 403b: max out with $18k per year + $7500/year employer match Roth IRA + Spousal Roth: $11,000/year Taxable account: Starting later this year, after paying off student loans, I plan to...
by sschullo
Tue Feb 17, 2015 9:41 am
 
Forum: Investing - Help with Personal Investments
Topic: 403b investment help
Replies: 16
Views: 1151

Re: active vs passive in response to Larry Swedroe posting

With all due respect, I beg to differ that active management might save you from a bear market. Its a huge "might." It's a sales pitch, and nothing more. Jeremy Grantham explains this predicament. "The best way [for managers] to reduce your career and business risk is to make sure you...
by sschullo
Sat Feb 14, 2015 7:52 pm
 
Forum: Investing - Theory, News & General
Topic: active vs passive in response to Larry Swedroe posting
Replies: 30
Views: 3414

Re: Tesla S

Ditto on Congratulating DFWinvestor. Also a Tesla owner but we could afford it because of the savings in investment costs over the last five years alone. We could have bought two with our cost savings in the last decade. We now pay .13 bps, when so many are paying 1.5 - 3.0%. A simple calculation co...
by sschullo
Thu Feb 12, 2015 8:29 pm
 
Forum: Personal Consumer Issues
Topic: Tesla S
Replies: 634
Views: 78055

Re: At what point is a 401k/403b/457b not worth it?

I just started a new job with expensive 403(b) options that are held within a "Variable Group Annuity" account, and this discussion (as well as other discussions at Bogleheads.org) are very helpful. Like AustenNut, I'm trying to figure out if it's worth it to invest in this 403(b) or just...
by sschullo
Thu Feb 12, 2015 12:26 pm
 
Forum: Investing - Theory, News & General
Topic: At what point is a 401k/403b/457b not worth it?
Replies: 21
Views: 2085

Re: Mr. Money Mustache: Hero or Foolish?

I look at MMM occasionally. What he does is write about a subject that so many people find absolutely boring--frugality. I think most bogleheads live frugal automatically. I thought I was frugal, but he can speak to the emotions of people and that where his genius lies. He is a poet, an essayist and...
by sschullo
Mon Feb 09, 2015 8:46 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 452
Views: 70895

Re: Is Risk Real?

Why do y'all see risk as only existing on the downside? How about the janitor with an estate of $8 million? I think risk is just as much about ending up with too much an the upside as it is about the downside, and especially much more than the short-term downside. I would bet that most Bogleheads e...
by sschullo
Mon Feb 09, 2015 8:22 am
 
Forum: Investing - Theory, News & General
Topic: Is Risk Real?
Replies: 74
Views: 3871

Re: Is Risk Real?

Risk is the emotional (and unnecessary) response to getting something you didn't expect or not getting something you expected.
by sschullo
Sun Feb 08, 2015 9:21 pm
 
Forum: Investing - Theory, News & General
Topic: Is Risk Real?
Replies: 74
Views: 3871

Re: Best ways to save on electricity bill

Set the dishwasher to run before 6AM and if you are up at that time, do the laundry.

BTW be careful about installing variable swimming pool pumps. It did not reduce our power bill!
by sschullo
Wed Feb 04, 2015 7:17 pm
 
Forum: Personal Consumer Issues
Topic: Best ways to save on electricity bill
Replies: 58
Views: 6966

Re: How do you "Stay the Course"?

The Wizard wrote:I'm retired, so there's less that needs doing now.
I monitor my AA and plan ahead for the next adjustment.
Looks like I'll sell a percent of holdings in stocks and move it to bonds before long.
That's about as exciting as it gets anymore...


+1
by sschullo
Sun Feb 01, 2015 9:54 am
 
Forum: Investing - Theory, News & General
Topic: How do you "Stay the Course"?
Replies: 71
Views: 6708

Re: How to respond when someone asks how much money you make

I find this cultural divide to be incredibly interesting. I happen to work in a field where my salary is visible to anyone who cares to look, and I spend a considerable amount of time talking to other people in similar industries about compensation and benefits, taboo be damned. Awareness of salari...
by sschullo
Sun Feb 01, 2015 8:54 am
 
Forum: Personal Finance (Not Investing)
Topic: How to respond when someone asks how much money you make?
Replies: 107
Views: 10528
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