Search found 509 matches

by graveday
Mon Apr 25, 2022 7:31 pm
Forum: Personal Investments
Topic: AnnetteLouisan investment side discussion
Replies: 640
Views: 48428

Re: U.S. stocks in free fall - AnnetteLouisan investment side discussion

I also can relate to not being as far along as I *should* be so I know where you're coming from with the feeling that you're behind. But you're really not. Don't compare yourself to the posters here. It's a tough crowd.
Top
It's not good going around feeling one's behind.
by graveday
Mon Apr 25, 2022 6:51 pm
Forum: Personal Investments
Topic: AnnetteLouisan investment side discussion
Replies: 640
Views: 48428

Re: U.S. stocks in free fall - AnnetteLouisan investment side discussion

“There are certain things that cannot be adequately explained to a virgin either by words or pictures.”
— Warren Buffett

STDs come to mind.
by graveday
Sat May 02, 2020 11:23 pm
Forum: Personal Investments
Topic: [Cashed out in panic, how to get back in?]
Replies: 35
Views: 5374

Re: [Cashed out in panic, how to get back in?]

nigel_ht wrote: Sat May 02, 2020 8:33 pm
ryman554 wrote: Sat May 02, 2020 1:28 pm
graveday wrote: Sat May 02, 2020 1:22 pm I watched my retirement investments drop precipitously in the Tech Crash, in the Real Estate Crash, and now again.
There has to be a better way, lol.
And you watched them soar between each, but you don't remember that. If you were happy in mid 2019, you should be happy now. Why aren't you?

There is a better way. Don't watch. Seriously. I'm not kidding.
If you’ve been through those three you are closer to the end of your career than the beginning. Given that the market has crashed in the past and had a long recovery there is no guarantee that it will soar again before you retire.
Dr. J agrees.
by graveday
Sat May 02, 2020 6:44 pm
Forum: Personal Investments
Topic: [Cashed out in panic, how to get back in?]
Replies: 35
Views: 5374

Re: [Cashed out in panic, how to get back in?]

A couple of questions. What does 'live in HOCL' mean? Is your IRA a Roth account? I am not clear as to how you did not have a tax hit. What did you actually do to 'cash out'? If I take money out of my regular IRA I have to pay taxes. As others have said, you have saved well. You are learning fast in a tough time. I watched my retirement investments drop precipitously in the Tech Crash, in the Real Estate Crash, and now again. There has to be a better way, lol. I’m sorry I don’t have my acronyms straight..I meant HCOL...high cost of living...suburb of NYC. I moved money into a mma within my IRA, that’s what I meant by cash out. I’m not sure if that’s a taxable event if it’s within a tax advantaged account. Correct, you can move money all ov...
by graveday
Sat May 02, 2020 2:20 pm
Forum: Personal Investments
Topic: [Cashed out in panic, how to get back in?]
Replies: 35
Views: 5374

Re: [Cashed out in panic, how to get back in?]

I watched my retirement investments drop precipitously in the Tech Crash, in the Real Estate Crash, and now again. There has to be a better way, lol. And you watched them soar between each, but you don't remember that. If you were happy in mid 2019, you should be happy now. Why aren't you? There is a better way. Don't watch. Seriously. I'm not kidding. Yes, thankfully they did come back each time, not as fast as they went though. The trouble is age has not left me with much time for the soaring part this time, lol. I don't tend to watch, and I don't panic act, in fact I am happy to rely on RMD's along with a small pension and SS. My favorite story is of Joseph Heller. He was at a party when some tycoon found out his worth and said it was n...
by graveday
Sat May 02, 2020 1:22 pm
Forum: Personal Investments
Topic: [Cashed out in panic, how to get back in?]
Replies: 35
Views: 5374

Re: [Cashed out in panic, how to get back in?]

A couple of questions.
What does 'live in HOCL' mean?
Is your IRA a Roth account? I am not clear as to how you did not have a tax hit. What did you actually do to 'cash out'?
If I take money out of my regular IRA I have to pay taxes.
As others have said, you have saved well. You are learning fast in a tough time.
I watched my retirement investments drop precipitously in the Tech Crash, in the Real Estate Crash, and now again.
There has to be a better way, lol.
by graveday
Thu Aug 22, 2019 10:51 pm
Forum: Personal Investments
Topic: Overwhelmed by bond diversification strategies for young investor
Replies: 28
Views: 1998

Re: Overwhelmed by bond diversification strategies for young investor

That there are so many ETFs just dealing with TIPs is an interesting phenomenon in itself. Just how much can we slice and dice mutual funds?
by graveday
Fri Dec 30, 2016 10:29 pm
Forum: Personal Consumer Issues
Topic: What's your usual retirement day like ?
Replies: 205
Views: 55184

Re: What's your usual retirement day like ?

Hah, read that first as 'trial' run.
by graveday
Sat Aug 06, 2016 11:42 pm
Forum: Investing - Theory, News & General
Topic: A costly mistake made by both investors and advisors
Replies: 240
Views: 30193

Re: A costly mistake made by both investors and advisors

I just can't stop staring at this.....'rising valuations cause valuations to rise'. Strunk me White upside the head.
by graveday
Sun Jul 31, 2016 3:04 pm
Forum: Personal Consumer Issues
Topic: New Tipping Practice?
Replies: 130
Views: 12969

Re: New Tipping Practice?

nisiprius wrote:The folk etymology is that "tip" is an acronym for "to insure promptness." In any case, a tip is given for good service and therefore I would object to giving one before service is rendered.
Nowadays, in this situation, it might be construed as 'to insure purity'. If you press 'none', there is no telling what might happen to your food. I incline to those who would just cancel and leave, never to return.
by graveday
Sun Jul 31, 2016 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: What is a modest retirement (definition)?
Replies: 66
Views: 10348

Re: What is a modest retirement (definition)?

I would say you defined it pretty well.
by graveday
Wed May 18, 2016 10:01 pm
Forum: Personal Investments
Topic: Advisor says "Blackrock is just plain better than Vanguard"...
Replies: 76
Views: 23818

Re: Advisor says "Blackrock is just plain better than Vanguard"...

I am not impressed with Blackrock and I am becoming less impressed with Vanguard.

http://www.truth-out.org/opinion/item/3 ... ant-on-pay
by graveday
Fri Jan 22, 2016 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: My early retirement is causing consternation
Replies: 75
Views: 15105

Re: My early retirement is causing consternation

You can always tell people you work nights.

I kind of like Victoria's 'not much time to live', but it would be too lugubrious for most.
by graveday
Tue Oct 27, 2015 11:12 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 7650
Views: 1723718

Re: What Book Are You Currently Reading? Part VI

Just finished "Endgame Bobby Fischer's Remarkable Rise and Fall - from America's Brightest Prodigy to the Edge of Madness" by Frank Brady. As someone who started playing chess in large measure due to the rise of and tremendous interest in Bobby Fischer back in the 60's & 70's, I found this book illuminating, fascinating ( and sad ). He was a childhood hero of mine who had a walk-in sized closet full of demons to match his incredible intellect and talent. Truly an enigma and arguably the greatest player of all time. The book is an outstanding read IMO, about as evenhanded as one could be by an author who obviously has very warm regard for Fischer and is considered to be probably the foremost chronicler of his life. And thus be...
by graveday
Sat Oct 24, 2015 9:07 pm
Forum: Personal Investments
Topic: Review of 31yr old's portfolio [was Help with 403b fund options]
Replies: 12
Views: 2157

Re: Help with 403b fund options

I also suggest researching the site for previous 403b fund articles. These wretched options foisted on teachers and nurses should be run out of town.
by graveday
Sat Oct 24, 2015 9:03 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 7650
Views: 1723718

Re: What Book Are You Currently Reading? Part VI

I am re-reading 'Penguin Island' by Anatole France. I am also realizing that just knowing this book exists has helped me remain sane in an insane world.
by graveday
Mon Aug 31, 2015 7:47 pm
Forum: Investing - Theory, News & General
Topic: What is the benefit of a CD ladder today?
Replies: 21
Views: 4416

Re: What is the benefit of a CD ladder today?

I bank at a local savings and loan. They are embarking on an extensive remodel of their fairly new digs. True, the paradigm has shifted, but I suggested the money, or a good part of it, might be better used offering better CD's, which is closer to their mission.
The notion did seem to fall on deaf ears. Perhaps I should write a letter also, as I feel Certifiably Dismissed.
by graveday
Mon Aug 10, 2015 6:46 pm
Forum: Investing - Theory, News & General
Topic: Is I-Bonds the best Fixed Income Instrument (assuming no limits on purchases)?
Replies: 22
Views: 3450

Re: Is I-Bonds the best Fixed Income Instrument (assuming no limits on purchases)?

As for the lowered purchase limits, a couple can stilll get up to $35,000 per year for a number of years (10k each, another 10k for their trust and $5000 in tax refunds), so over their working lives, they can, indeed, accumulate a very sizeable sum.

I wonder how many knew this. I didn't. Could you explain more how one puts 10k in a trust please? I was under the mistaken impression one was limited to 10k in sum per capita. It won't help me now, but this is great info to pass along, thanks for sharing.
by graveday
Mon Aug 10, 2015 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Sacramento Real Estate Market
Replies: 14
Views: 2191

Re: Sacramento Real Estate Market

The best schools are in Davis. You can look up school's scores and you have time to do some site visits. I think the condo idea is good as you settle in and learn more about the various neighborhoods and even nearby towns, such as Davis. No, I don't live in Davis.
The Sacramento City Unified School District is a very mixed bag. Previously well-regarded districts have slipped. Elk Grove seems to have kept its reputation intact. Do you know what the district is that is closest to where you will work and/or live?
by graveday
Mon Aug 10, 2015 6:28 pm
Forum: Personal Investments
Topic: Retirement Account Advice
Replies: 17
Views: 2101

Re: Retirement Account Advice

Why are you not selling the second house now and using proceeds to create emergency fund and pay down other debt? In fact, I would sell the cars, but we already know that was impossible the minute you drove them off the lot and committed financial auto supuku.
by graveday
Fri Jun 12, 2015 10:27 pm
Forum: Personal Investments
Topic: 403b/teachers pension plan rollover questions
Replies: 11
Views: 4188

Re: 403b/teachers pension plan rollover questions

Agree about the amount of money and not getting into tricky waters. If Roth is a desire, just start one new and keep it clean. I still like rolling out of 403b except for the notion of having it there if the job move backfires in the short term.
And who am I to offer advice? Teachers are hard working and tired at the end of the day. Guess who is allowed, at least in the Sacramento City District I taught in, into your classroom at the end of the day to talk retirement planning? AIG reps, ofter ex-teachers, and other reps offering not one no-load plan, let alone Vanguard.
It took a long time to get out from under those parasites and 12b-1 fees.
by graveday
Wed Jun 10, 2015 12:55 pm
Forum: Personal Investments
Topic: 403b/teachers pension plan rollover questions
Replies: 11
Views: 4188

Re: 403b/teachers pension plan rollover questions

I would roll over the 403b into an IRA with Vanguard, where your options for parking the money are far broader than any 403b anywhere.
by graveday
Sun Dec 28, 2014 12:49 am
Forum: Investing - Theory, News & General
Topic: Market Up but Wellington way down??? Why???
Replies: 23
Views: 4464

Re: Market Up but Wellington way down??? Why???

All y'all having too much fun. Well and done.
by graveday
Sun Dec 28, 2014 12:38 am
Forum: Investing - Theory, News & General
Topic: Facebook is Outrageous
Replies: 78
Views: 13906

Re: Facebook is Outrageous

EmergDoc, that might be Dr. Market to you. Regardless, love your posts all these years and your salient point above.
by graveday
Mon Dec 15, 2014 10:08 pm
Forum: Personal Consumer Issues
Topic: Taste testing wine at home
Replies: 23
Views: 2836

Re: Taste testing wine at home

I forgot to say, any wine you and yours cannot consume the first day should just be corked and enjoyed the second day. If it happens to be white, put it back in the fridge. Red will be fine left on the counter a day or two.
Your fear of wasting the wine is unfounded, unless you don't like cooking with wine. For cooking it will be servicable for about a week. If you don't want to cook with it, and don't want to drink the rest of the bottle, find an oenophilic neighbor. They will love you.
by graveday
Mon Dec 15, 2014 1:45 pm
Forum: Personal Consumer Issues
Topic: Taste testing wine at home
Replies: 23
Views: 2836

Re: Taste testing wine at home

A different tack is to try regional wines, both locally and globally. You haven't stated where you live, but in upstate California you can take one varietal, Zinfandel, and find quite startling regional differences in taste. Amador, Dry Creek Valley, Alexander Valley, Lodi, for example, all produce distinctively different tastes, speaking broadly.
At present I am a fan of lesser known varietals, such as Charbono, Touriga Nacional, Petite Verdot, and Albarino. Cabernet Franc can also be rewarding when handled well. Or you could just stick with a reliable producer who makes good wine at great prices, Bogle. Funny that.
by graveday
Thu Nov 20, 2014 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Question about California Teachers Pension
Replies: 12
Views: 2233

Re: Question about California Teachers Pension

Teaching is the hardest common job. There are two kinds of jobs, managing people and managing things. The former is usually considered harder and teachers manage a group that doesn't want to be managed, generally. I finished my working life as a teacher of math and science at the fifth to eighth grade levels and it was a described above very rewarding, if exhausting. I was surprised to learn at retirement that my social security, which I had paid into fair and square as a clinical medical technologist and other work, was going to be docked at the rate of forty percent because of the CalSTRS pension. Remember, teachers are already not paid at a very good rate and having only put in about 15 years, my pension was small. So to be docked felt l...
by graveday
Fri Sep 05, 2014 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Graduating Debt-Free, or with Elite College Degree?
Replies: 92
Views: 8685

Re: Graduating Debt-Free, or with Elite College Degree?

I just loaned twenty thousand bucks to a friend of my daughter's when she mentioned she had debt charging nineteen percent. That's criminal.
What are the terms? Once she has a job in her chosen profession she has three years to pay off the loan and add an additional fifteen hundred.
Vanguard just posted a disingenuous article about student debt that takes the point mentioned above that cost should be no object to an education. Not once did they mention the extraordinary and crippling interest.
I just met a young man who is working as an entry counselor at a community college, making barely above minimum wage, and his loan payment of nine hundred dollars per month exceeds his rent. Again, that's criminal.
by graveday
Thu Sep 04, 2014 9:46 pm
Forum: Investing - Theory, News & General
Topic: Does anyone have 'Lazy Portfolios'?
Replies: 102
Views: 14333

Re: Does anyone have 'Lazy Portfolios'?

rustymutt wrote:Our portfolios are sooo lazy, I make them get up a 5am and run 10 miles, with a full packs. In the snow even.
Soooo lazy. If I had a bull whip.
Sure, but you're only talking a couple basis points and a bull whip can bite back.
by graveday
Thu Aug 07, 2014 7:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 806
Views: 173999

Re: Vanguard sued for charging too little

Hey, if I could divvy that up, I wouldn't mind anyone looking over my shoulder. That's a lot of smackers.
by graveday
Thu Aug 07, 2014 10:01 am
Forum: Personal Investments
Topic: All money in TIPs??
Replies: 25
Views: 3875

Re: All money in TIPs??

Crafty, Snowskier, very crafty. I like it.
by graveday
Mon Aug 04, 2014 11:31 pm
Forum: Personal Investments
Topic: All money in TIPs??
Replies: 25
Views: 3875

Re: All money in TIPs??

Yes, i-BONDS max out at ten grand per year. Still, do it yearly and sooner or later you are talking real money, heh.
by graveday
Mon Aug 04, 2014 8:11 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 806
Views: 173999

Re: Vanguard sued for charging too little

This may answer your question. These are Jack Bogle's words. "The structure of Vanguard has meant that I couldn't get the financial rewards that might have accrued to any other CEO of a trillion-dollar financial services company. I made a decent amount of money before I stepped down in 1999, but every once in a while, because I'm human, I think maybe I should have done it a little differently. Maybe Vanguard should have gone to a profit model, and I should've kept a 1 percent interest. Vanguard would be worth, I don't know, $30 billion, and 1 percent of that is $300 million, which wouldn't be bad. When the hospital that did my heart transplant says they'd like me to give $25 million, I wouldn't have to say no." I guess you could s...
by graveday
Mon Aug 04, 2014 5:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 806
Views: 173999

Re: Vanguard sued for charging too little

Thanks for merging and pointing out the discussion.

Somewhere from a long time ago I remember Jack Bogle being pushed out of his position at Vanguard and the guy who did it when meeting him in the hall would not even acknowledge him. I say this because I could not imagine Jack Bogle doing anything that even hinted at bad practice. I would not feel the same way about someone who pushed him out and perhaps his successors.
by graveday
Mon Aug 04, 2014 12:01 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 806
Views: 173999

Vanguard Unethical?

[Thread merged, see below. --admin LadyGeek]

Haven't been here much so don't know if there is discussion about this....

http://investorplace.com/2014/07/vangua ... 97vIlVdWSo

or this....

http://articles.philly.com/2014-08-03/b ... -investors
by graveday
Fri Jul 25, 2014 12:06 am
Forum: Investing - Theory, News & General
Topic: "What Has Time Taught Bill Bernstein?"
Replies: 19
Views: 4963

Re: "What Has Time Taught Bill Bernstein?"

pkcrafter wrote:
We do a lot of dancing on the head of a pin on the forum,

Paul
Nicely put.
by graveday
Sun Apr 27, 2014 10:57 am
Forum: Personal Consumer Issues
Topic: What's your usual retirement day like ?
Replies: 205
Views: 55184

Re: What's your usual retirement day like ?

Bustoff wrote:We had been spending time near the beach in South Carolina and Florida and often found ourselves strolling around the marinas. It was relaxing just sitting and watching the boats come and go. Must be nice having a boat, we thought. So we bought a boat.

Uh, so anyway, we sold the boat--whew :shock:
Now we're back to dreaming up another little adventure.
BOAT....Break Out Another Thousand. Thanks for the laugh, and the hidden advice. Don't know if you were talking sailboat or motorboat or hybrid, but, yes. When I get the urge I rent. Sailboat. About once a decade so far.
by graveday
Wed Apr 16, 2014 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Lawyer
Replies: 8
Views: 2010

Re: Estate Planning Lawyer

Retread, do you know why he is not a fan? In probate states they seem like a good idea.
by graveday
Wed Apr 09, 2014 3:31 pm
Forum: Personal Investments
Topic: I Need Your Help Selecting 403(b) Provider
Replies: 17
Views: 1545

Re: I Need Your Help Selecting 403(b) Provider

One can't do much better than Cal Worthington. I can hardly believe his oldest is almost as old as I am. Anyway, when much younger I actually hauled hay to his home place near Orland. Note his land holdings and his philosophy. When he died he only still owned two dealerships, presumably for sentimental reasons. I got this from an article by one Sam Sweet. "To the end, Worthington claimed he didn’t like cars. He preferred to pilot his own plane between his dealerships in Los Angeles and his twenty-four-thousand-acre almond and olive farm in Orland, just north of Sacramento. He invested his profits in other ventures because, as he liked to say, “you can’t have money lying around. You need to have that money working somewhere.” He owned c...
by graveday
Wed Apr 09, 2014 12:03 pm
Forum: Personal Investments
Topic: I Need Your Help Selecting 403(b) Provider
Replies: 17
Views: 1545

Re: I Need Your Help Selecting 403(b) Provider

Unless you have enlightened employers, 403b plans suck as a general rule. No way would I consider one now that I am educated about all the sneaky ways they ding you. If you have explored and applied other venues, like it seems you have with both IRA and 457b, then you are doing a ton already. What is wrong with using this money to pay down a mortgage or pursue some other goal? Had I to do it all over again I would have plowed money into land suitable for tree crops, nuts, olives, timber, etc. No longer do I feel happy about giving my money to financial entities, even seemingly beneficial ones like Vanguard, for long periods subjected to the vagaries of risk. Yes there is risk in land, and work, but how much healthier? Even at Vanguard I am ...
by graveday
Sat Mar 29, 2014 12:27 am
Forum: Personal Consumer Issues
Topic: The Boglehead Car -- What is It?
Replies: 150
Views: 17499

Re: The Boglehead Car -- What is It?

terpfan122 wrote:2012 FORD F150 FX4 w/ coyote 5.0L 360HP, hubba hubba
This week at work I averaged 17.6 MPG here and there for my paper pushing job

when you want to have some real fun in this thing you can turn off the traction control and yell "Hey Ya'll watch this!"
I'll hold your beer.
by graveday
Wed Feb 05, 2014 10:51 am
Forum: Personal Investments
Topic: Help! Should I invest a 403b?
Replies: 4
Views: 799

Re: Help! Should I invest a 403b?

Thanks for mentioning the I-bonds, a great way to stash about ten thousand a year safely and, these days, profitably.
by graveday
Tue Feb 04, 2014 4:29 pm
Forum: Personal Investments
Topic: Help! Should I invest a 403b?
Replies: 4
Views: 799

Re: Help! Should I invest a 403b?

I'll bet that 'rep' came to your classroom at the end of a grueling day. 403b's suck in general, and when they don't have no-load, low-fee offerings they suck even worse. The people who do this type of work are predators, pure and simple. Send them packing. Max out a Roth IRA each year using Vanguard three fund index approach, make extra payments on your house, spend some for fun, and call it good.
As a teacher, most likely you will have a hard time doing all of that on your salary, but do your best.
by graveday
Thu Jan 16, 2014 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Should my son pay me rent, utilities, etc...?
Replies: 124
Views: 14641

Re: Should my son pay me rent, utilities, etc...?

It occurs to me the answer is right there in the word 'parent'.
by graveday
Wed Jan 15, 2014 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should my son pay me rent, utilities, etc...?
Replies: 124
Views: 14641

Re: Should my son pay me rent, utilities, etc...?

My sympathies that three years have not brought a change. I like the advice above of counseling and I would do it before he enters the military or talks to a recruiter, unless depression care is part of the conversation. My son is 23. I had to force him out a couple years ago....and argue with his mother some too. He has been half time working and half time schooling. It required counseling, drugs, and love to get him where he is now. He has been renting a tiny room from a woman who lives alone. Part of the deal is he walks her dog. He pays $500/month. I am about to buy a small home and rent it to him and another young man. I will charge each $300/mo. plus they pay utilities. This is well below what I could get, but it is my way of helping ...
by graveday
Sat Dec 21, 2013 1:31 pm
Forum: Personal Consumer Issues
Topic: Climate Denial R Us
Replies: 4
Views: 1019

Climate Denial R Us

Just learned that the following Vanguard related entity donates to climate denial efforts. Sad. Also learned that Vanguard has a lot of money invested in big oil. I can't do much about it now, but I wish I had known sooner.

https://www.vanguardcharitable.org/who_we_are/
by graveday
Mon Nov 18, 2013 11:27 pm
Forum: Personal Consumer Issues
Topic: Call Received with Deceptive Caller ID
Replies: 46
Views: 8790

Re: Call Received with Deceptive Caller ID

Question. If you use the answering machine, doesn't that make you the forsaken 'active' number? Seems like a Catch-22.
by graveday
Fri Sep 13, 2013 11:28 am
Forum: Personal Investments
Topic: Brand new Teacher - 403b help/advice - Only thing offered
Replies: 33
Views: 7488

Re: Brand new Teacher - 403b help/advice - Only thing offere

If you can find, or goad them into providing, a decent 403b, oxymoronic as that is, one nice thing is it will be payroll deduction, so you never 'see' the money and get by without it while it hopefully adds up. It is maybe the only nice thing. The money will still be at risk.
by graveday
Wed Sep 04, 2013 3:05 pm
Forum: Personal Investments
Topic: Brand new Teacher - 403b help/advice - Only thing offered
Replies: 33
Views: 7488

Re: Brand new Teacher - 403b help/advice - Only thing offere

I would agree that not all 403b offerings are bad, but most are. It takes effort to get good offerings. The usual offerings though, and the vendors who push them, to me amount to predation on teachers, who usually have little time or expertise to distinguish the good from the bad. As an older retread going from clinical laboratory work into teaching, I was surprised at the people who showed up at my classroom door right after the classroom emptied to offer me financial 'services'. Prominent were vendors from AIG/Valic and private firms who had not one no-load offering. It took a long time to see past their smiles, I'm sorry to say. Further, when I retired, I learned that the money I had payed into Social Security at my previous jobs would b...