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Re: Math on TSP Loan for house

I did the same exact thing when I was your age, working for the Federal government and trying to buy my first house in a high-cost state (Alaska). The rock solid job security of Federal jobs makes it a reasonable idea and the interest you pay on the loan is interest you are paying to yourself. In my...
by texasdiver
Sun Mar 01, 2015 12:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Math on TSP Loan for house
Replies: 6
Views: 212

Re: Does a Roth IRA make sense if you live in a high COL pla

If it is simply a question of taxes then I agree entirely with livesoft. Maximize the 401k first and HSA if you have one, then Roth. Better to take the tax deduction now and invest it rather than pay it in the hopes that your tax burden in retirement will be greater. However it is not always just a ...
by texasdiver
Sat Feb 28, 2015 11:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does a Roth IRA make sense if you live in a high COL place?
Replies: 42
Views: 1272

Re: Trying to take control. looking for advice

Yes, your AA is about where my wife and I were at your age. 10 years later we are more like 70/30 with our stock split 2/3 domestic, 1/3 international which is pretty similar. Minimize your fees, simplify your holdings and you are good. Our portfolio is 4x larger than it was at your age and it is al...
by texasdiver
Sat Feb 28, 2015 8:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trying to take control. looking for advice
Replies: 10
Views: 1023

Re: Trying to take control. looking for advice

Thanks. It was the Honeywell 401k that really threw me for a loop, because while I can read through the fund information and the expense ratios are fine, I just don't understand what I'm reading well enough to make a good determination on how they compare to index funds. They all perform similar to...
by texasdiver
Sat Feb 28, 2015 9:45 am
 
Forum: Investing - Help with Personal Investments
Topic: Trying to take control. looking for advice
Replies: 10
Views: 1023

Re: Trying to take control. looking for advice

Unfortunately we can't roll over the traditional IRAs into the 401ks because of the plans' rollover restrictions requiring documentation from previous qualified plans. We just don't have the documentation required. Thanks for simplifying and clarifying the options. You've given me some great food f...
by texasdiver
Fri Feb 27, 2015 11:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trying to take control. looking for advice
Replies: 10
Views: 1023

Re: Inheritance to be held in expensive trust for ~10 years

I think the other major benefit of switching to Vanguard that I had not considered before is that when the principal is finally distributed (1/2 at 30 and the other 1/2 at 35) they can probably distribute it as shares of the mutual funds they hold rather than as cash. This way I won't eat a bunch o...
by texasdiver
Fri Feb 27, 2015 10:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inheritance to be held in expensive trust for ~10 years
Replies: 53
Views: 5921

Re: Turbotax 2014: Buyer Beware

Frankly the whole excuse sounds horribly dodgy There are thousands of applications made for the Mac. How many of them are forced to do this sort of weird print work-around? Not a single one to my knowledge. Intuit is a big and established company that has been working on macs for decades. This doesn...
by texasdiver
Fri Feb 27, 2015 8:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2014: Buyer Beware
Replies: 37
Views: 3640

Re: NYT: "As Hedge Fund Returns Falter,..."

Yes, but when you start getting into 90% losses I think you need a logarithmic measurement. A mere 91.6% loss represents only -10.8 decibels of "wealth attenuation." The 99.8% loss achieved by the Canarsie Capital hedge fund represents -27.0 decibels of wealth attenuation. What percent gr...
by texasdiver
Fri Feb 27, 2015 7:54 pm
 
Forum: Investing - Theory, News & General
Topic: NYT: "As Hedge Fund Returns Falter,..."
Replies: 21
Views: 1419

Re: Would this Real Estate investment be a decent option to

Don't do it.

Keep it simple and grow your portfolio.
by texasdiver
Fri Feb 27, 2015 7:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Would this Real Estate investment be a decent option to me?
Replies: 6
Views: 691

Re: Trying to take control. looking for advice

This is kind of fun playing with other people's money. You don't seem to have any good international index options in either 401(k) plan. Yours has Dodge and Cox and hers has a mystery International Stock Fund that may or may not be indexed. That would suggest using your IRAs to house your Internati...
by texasdiver
Fri Feb 27, 2015 7:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Trying to take control. looking for advice
Replies: 10
Views: 1023

Re: Turbotax 2014: Buyer Beware

Regarding the "save as PDF" option on a Mac. There are a whole bunch of Mac programs that will print to pdfs and I think you can print to .pdf within the Mac print dialog boxes so even if Intuit has that feature disabled within TurboTax you should still be able to generate a PDF by going t...
by texasdiver
Fri Feb 27, 2015 6:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Turbotax 2014: Buyer Beware
Replies: 37
Views: 3640

Re: Favorite Vacation/Trip

Fly to Costa Rica and split a VRBO rental between you. That has been our favorite vacation so far. Here is the place we stayed and will probably be back next year. Beaches, kayaking, sea turtles, fishing, diving, horseback riding. Pretty much everything is here but there are a bazillion rental optio...
by texasdiver
Fri Feb 27, 2015 11:39 am
 
Forum: Personal Consumer Issues
Topic: Favorite Vacation/Trip
Replies: 24
Views: 1920

Re: How much is a pension worth?

Another way you could look at it is to determine how large of an investment portfolio you would need to generate the same return using the standard 4% withdrawal rate. The pension is $1600/month which is $19,200 per year. Divide that by 4% (0.04) and you get $480,000 which is the portfolio size you ...
by texasdiver
Fri Feb 27, 2015 9:15 am
 
Forum: Investing - Help with Personal Investments
Topic: How much is a pension worth?
Replies: 23
Views: 3473

Re: NYT: "As Hedge Fund Returns Falter,..."

What I find especially disconcerting is how many public (and probably private) pension fund have drank the hedge fund Kool-Aid. My own pension is only 4% into hedge funds (and 12% into private equity). But there are some pension funds and other big funds like university endowments that are 25% or mo...
by texasdiver
Fri Feb 27, 2015 8:57 am
 
Forum: Investing - Theory, News & General
Topic: NYT: "As Hedge Fund Returns Falter,..."
Replies: 21
Views: 1419

Re: Is a generator worth it?

Just as a side note, you can often find NG conversion kits for most portable generators. They're generally $100-150. Plus you'd need pipe changes in the house/garage to plumb it where you need it. This. If you have natural gas service to your house, get an outdoor gas supply plumbed to your backyar...
by texasdiver
Fri Feb 27, 2015 8:42 am
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 74
Views: 3488

Re: 3 Kids and 2 Dogs - Next Vehicle

OP has 1 child now, one on the way, and plans for a 3rd shortly. If you plan to keep this car until the kids get into school age then you will most certainly find frequent occasions when more than 3 kids are in the car. I'm a dad and I work so I'm hardly Mr. Mom but I'm always finding that I'm runni...
by texasdiver
Thu Feb 26, 2015 11:06 pm
 
Forum: Personal Consumer Issues
Topic: 3 Kids and 2 Dogs - Next Vehicle
Replies: 31
Views: 1758

Re: Spending trajectory for families with kids?

You definetely have control over how much you want to spend on them. My wife & I make a good living---and we want to support our kids' passions----so long as they work hard in those endeavors we want to financially support them. It's really fun to watch our kids really get into something---my 7...
by texasdiver
Thu Feb 26, 2015 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spending trajectory for families with kids?
Replies: 45
Views: 3407

Re: Help - preparing to enter workforce

Volunteer with a non-profit to gain work experience. There are probably a bazillion in your community
Temp work maybe? That is one way to get your face inside the door of different offices.
by texasdiver
Thu Feb 26, 2015 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help - preparing to enter workforce
Replies: 3
Views: 431

Re: What would you do?

Obviously you don't NEED the work, but you don't know what else you are going to do with yourself it seems no harm in keeping your feet wet. Are you signing a 1-3 year contract or can you walk away anytime? That makes a difference obviously. Is the work really just 2 days/week or would you be showin...
by texasdiver
Thu Feb 26, 2015 5:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: What would you do?
Replies: 7
Views: 744

Re: Spending trajectory for families with kids?

I did not see where you indicated the sex of your 2 children. If any are girls, your last big expense will likely be a major one: paying for a wedding. It is something I did gladly but it was not cheap. If/when each of my girls get married I plan sit down with each couple and write them a single lu...
by texasdiver
Thu Feb 26, 2015 1:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spending trajectory for families with kids?
Replies: 45
Views: 3407

Re: physicians [Frustrated, considering early retirement]

My hospital employer used to let us buy up to 2 weeks per year, unpaid. But in the process of centralization, standardization, and bastardization, that option went away. Soon after went the option to work less than 0.8 FTE with benefits (even purchased). Now you can work 0.8 FTE or more with benefi...
by texasdiver
Thu Feb 26, 2015 12:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 8278

Re: 3 Kids and 2 Dogs - Next Vehicle

Three kids in car seats forces you into needing three rows. Not true. You can easily fit three car seats into one row - the only exception I could see is if you have 3, all in pumpkin seats. We do this now quite easily. On side note, of our friends that bought a full size SUV, 1 Ford Expedition, 2 ...
by texasdiver
Thu Feb 26, 2015 12:36 pm
 
Forum: Personal Consumer Issues
Topic: 3 Kids and 2 Dogs - Next Vehicle
Replies: 31
Views: 1758

Re: physicians [Frustrated, considering early retirement]

Regarding full time and part time I think Emergdoc points out a very important aspect that doctors and other high income professionals fail to realize. He mentions several times that it is MUCH better to work part time for more years then full time for less years. I don't think doctors seem to get ...
by texasdiver
Thu Feb 26, 2015 12:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 8278

Re: Checking alternatives to USAA (non-military)

Hi, Although I'm grandfathered into a USAA checking plan, our family doesn't quality for most USAA services (our parents may have been in the military, but they won't sign up for USAA). I love a lot about USAA -- helpful customer service representatives, ATM fee credits, simple website with a lot o...
by texasdiver
Thu Feb 26, 2015 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Checking alternatives to USAA (non-military)
Replies: 8
Views: 709

Re: 3 Kids and 2 Dogs - Next Vehicle

My 2004 Sienna (bought new in May 2003) now has 260,000 miles on it. According to the dash computer the lifetime mileage is 25.2 MPG. It is a FWD not the AWD. In the past 12 years and 260,000 miles of driving the ONLY unscheduled repairs have been (1) replace the air conditioning compressor at 180,0...
by texasdiver
Thu Feb 26, 2015 8:38 am
 
Forum: Personal Consumer Issues
Topic: 3 Kids and 2 Dogs - Next Vehicle
Replies: 31
Views: 1758

Re: 3 Kids and 2 Dogs - Next Vehicle

Sienna AWD

At least take a look at one before dumping the cash on a Sequoia which is very long in the tooth and out of date. Only reason to get the Sequoia is if you need the larger towing capacity.
by texasdiver
Thu Feb 26, 2015 12:43 am
 
Forum: Personal Consumer Issues
Topic: 3 Kids and 2 Dogs - Next Vehicle
Replies: 31
Views: 1758

Re: 401K Provider I screwed up

My apologies to all. I was double checking the funds offered initially (what has been referred to as list 1) and I missed page 2. Leaving these three funds off the list. Vanguard Total International Stock Index Fund Admiral Vanguard REIT Index Fund Admiral Vanguard Emerging Markets Stock Index Fund...
by texasdiver
Thu Feb 26, 2015 12:31 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K Provider
Replies: 46
Views: 1838

Re: Is the first 100k really the hardest?

Well, the first 100k took the longest but I would hardly call it hard. Back in the day I was starting out with the Federal government and just maxed out my TSP (Government 401k plan) due to some great advice by an older co-worker and never really paid it any attention except to glance at the quarter...
by texasdiver
Wed Feb 25, 2015 6:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 49
Views: 6544

Re: 401K Provider

It would be better than most. The trouble is having a 500 index and Extended market in addition to total stock. Some people would hold both of those not realizing they have just doubled up on something. Other than that, darn near perfect in my opinion. Yeah, you don't really need them but still, mu...
by texasdiver
Wed Feb 25, 2015 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K Provider
Replies: 46
Views: 1838

Re: physicians

Not a physician but my wife is and she gets the same blues on occasion. As soon as we can kick the kids out of the house she wants to get an RV and start doing the occasional locum position around the country or world with plenty of travel and relaxation in between. That is our plan for early semi-r...
by texasdiver
Wed Feb 25, 2015 9:52 am
 
Forum: Personal Finance (Not Investing)
Topic: physicians [Frustrated, considering early retirement]
Replies: 132
Views: 8278

Re: Dollar Cost Averaging vrs lumpsum investment

To help you get your mind around this question I propose you think about the following scenarios (and ignore tax considerations) 1. Your situation. You receive 500k cash to invest and want to invest it according to your 80/20 asset allocation, do you lump sum or DCA? 2. You inherit a 500k portfolio ...
by texasdiver
Wed Feb 25, 2015 9:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Dollar Cost Averaging vrs lumpsum investment
Replies: 11
Views: 740

Re: 401K Provider

If I was in a position to design a 401k plan for a group of employees I would just model the Federal TSP plan which has 5 base funds and 5 target retirement fund organized in 10-year increments. C Fund (S&P 500 index) S Fund (Russell 4500 extended market index) I Fund (International index) F Fun...
by texasdiver
Wed Feb 25, 2015 9:08 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K Provider
Replies: 46
Views: 1838

Re: YMCA 403b

Wow...it is the most opaque and absolutely sucky thing I have ever seen. From 10 minutes of looking at the site I discovered the following: 1. They only have 1 fund that they put you in that is a mess. You can see the asset allocation here: https://www.yretirement.org/how-the-fund-works/investments-...
by texasdiver
Tue Feb 24, 2015 11:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: YMCA 403b
Replies: 7
Views: 509

Re: 401K Provider

physiorol wrote:I think the second list has international funds. I can choose between either list


Most of your employees may not care or notice, but there may be some who will very much notice the absence of any international funds. It seems a huge omission.
by texasdiver
Tue Feb 24, 2015 9:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K Provider
Replies: 46
Views: 1838

Re: 401K Provider

Here is the fund list from Ubiqity, but I am pretty sure that I can not add any funds to this list It's an excellent list and nothing needs to be added to it in my opinion. There are no international equity funds at all on the list so no way to do a Boglehead 3-fund portfolio. The only way an emplo...
by texasdiver
Tue Feb 24, 2015 8:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K Provider
Replies: 46
Views: 1838

Re: 401K Provider

Thank you for your responses (sorry for my late reply, I have been travelling). I also like the idea of just adding an IRA in the future if there was some kind of fund I felt I needed that is not part of the ubiquity offerings below. I do not want to pass admin fees onto employees so that is not an...
by texasdiver
Tue Feb 24, 2015 8:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401K Provider
Replies: 46
Views: 1838

Re: Spending trajectory for families with kids?

Kids' allowances are by far a minor part of the costs. What gets expensive is when a child excels in a sport where club is far superior to high school varsity, in our case soccer. The better the team they get on, the further and more frequent the travel, and by travel I mean literally around the co...
by texasdiver
Tue Feb 24, 2015 2:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spending trajectory for families with kids?
Replies: 45
Views: 3407

Re: Prom budget for teenage girl?

You should teach her BH, without spend too much money on dress and using the money to invest. Good money habit needs to be started early. How many people still have fond memory after 10 years. Now there's a fun conversation to have with a 16 year old. "Honey, we're going to be Bogleheads this ...
by texasdiver
Tue Feb 24, 2015 1:47 am
 
Forum: Personal Consumer Issues
Topic: Prom budget for teenage girl?
Replies: 82
Views: 4622

Re: Spending trajectory for families with kids?

Update on prom costs: I asked my spouse what we paid for my daughter and the answer was $100. The rest was paid by my daughter from her job and allowance . Mind you, despite what I write here, my kids are well-loved and did plenty of things such as science fair stuff, lots of sports, music, AAU bas...
by texasdiver
Tue Feb 24, 2015 1:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Spending trajectory for families with kids?
Replies: 45
Views: 3407

Re: Investing with the pension in mind

Is your city pension in addition to or instead of social security? Is it indexed or fixed? Makes a BIG difference. In any event, I am also a teacher but switched to teaching mid-life so will only earn about 1/2 the normal full-career pension and will see my social security slashed as a result due to...
by texasdiver
Mon Feb 23, 2015 8:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing with the pension in mind
Replies: 10
Views: 846

Re: Spending trajectory for families with kids?

I've got 3 daughters ages 8, 11, and 16 Just off the top of my head for the 8 year old we are paying for $150/mo for Piano lessons, $75/mo for gymnastics, $100 twice a year for soccer, perhaps $400 year for various school fundraisers, etc in addition to food, clothing, Christmas and birthday gifts, ...
by texasdiver
Mon Feb 23, 2015 7:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spending trajectory for families with kids?
Replies: 45
Views: 3407

Re: Arguments for and against FSBO for house?

I did a FSBO about 12 years ago and ended up contracting with an agent to assist with the paperwork for a 1% fee. Not having sold a house before it was well worth the price as she walked me through the whole process, knew all the parties involved like inspectors and title company, had all the necess...
by texasdiver
Mon Feb 23, 2015 6:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Arguments for and against FSBO for house?
Replies: 14
Views: 1182

Re: Asset Allocation me+spouse w/ different risk tolerance

So is this like canceling each other's vote when you vote for president? You want 90/10 and she wants 80/20 and so you each do your thing and end up at 85/15? Personally I don't think this level of disagreement is that meaningful if you are on the same page on the more important aspects of your fina...
by texasdiver
Mon Feb 23, 2015 6:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation me+spouse w/ different risk tolerance
Replies: 19
Views: 1307

Re: The challenges of staying the course...

PS......

a 21% return in 3 years is not 7% per year, if you are compounding annually it is actually about 6.5% per year.
7% per year will return 23% in 3 years.
by texasdiver
Mon Feb 23, 2015 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: The challenges of staying the course...
Replies: 66
Views: 5185

Re: Moving to Anchorage from Dallas

Plan on your housing costing twice as much in Alaska as in Dallas. Contrary to the post above, you don't necessarily get all that back when you sell. There's a lot of factors that go into how much your house appreciates, but one thing is for certain (assuming you can't pay cash for a house)- you wi...
by texasdiver
Mon Feb 23, 2015 4:24 pm
 
Forum: Personal Consumer Issues
Topic: Moving to Anchorage from Dallas
Replies: 30
Views: 2475

Re: Moving to Anchorage from Dallas

As a 25 year Alaska resident, this thread reminds me of one more thing the OP needs to be aware of. As with happened to me when I moved my family, a lot of folks are going to give you insight about living in Alaska and quite a bit of it will be on the not-quite-correct side of things. And you're go...
by texasdiver
Mon Feb 23, 2015 4:02 pm
 
Forum: Personal Consumer Issues
Topic: Moving to Anchorage from Dallas
Replies: 30
Views: 2475

Re: Cross Country Ski Gear Tips/Destinations

For something a bit different I can recommend Whitehorse in the Yukon. They have world-class Nordic ski trails and a growing cross country ski tourism industry. When I lived in Juneau we would take the ferry up there every winter for the great Nordic skiing. The whole town is very into it. I know th...
by texasdiver
Mon Feb 23, 2015 2:02 pm
 
Forum: Personal Consumer Issues
Topic: Cross Country Ski Gear Tips/Destinations
Replies: 31
Views: 952

Re: LED light bulbs: on line shopping destination

Costco has the best online prices that I've found

http://www.costco.com/led-light-bulbs.html
by texasdiver
Mon Feb 23, 2015 10:41 am
 
Forum: Personal Consumer Issues
Topic: LED light bulbs: on line shopping destination
Replies: 18
Views: 2000

Re: Reverse engineering The Standard's fee structure

Welcome to the Standard, they are HORRIBLE. My wife has both her 403(b) and Profit Sharing accounts with them courtesy of her employer. I'd almost want her to quit her job for a day just for the chance to yank out all her money and roll them into Vanguard. Not only are they larded with fees, their ...
by texasdiver
Sun Feb 22, 2015 10:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reverse engineering The Standard's fee structure
Replies: 8
Views: 533
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