Search found 49 matches

by A440
Sun Mar 05, 2017 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 15464

Re: Possibly Financially Independent and Feeling Miserable

"The problems surface when people replace self worth with net worth."


Don't think Less of your self...Think of your self Less. :)
by A440
Sat Mar 04, 2017 6:31 am
Forum: Investing - Help with Personal Investments
Topic: Possibly Financially Independent and Feeling Miserable
Replies: 153
Views: 15464

Re: Possibly Financially Independent and Feeling Miserable

John D. Rockefeller, an Ohio native, started Standard Oil. Rockefeller was at one point the world’s richest man and first ever American billionaire. Considering he was a billionaire in the early 1900’s he is still considered as the richest person in modern history. When a reporter asked him, “How mu...
by A440
Thu Jan 19, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Pension options vs Term-Life policy
Replies: 11
Views: 824

Re: Pension options vs Term-Life policy

You should thank Chris Christie for strengthening your pension plan. Very few (if any) private pensions offer COLA and free retirement health care. Welcome to the real world. I agree with other recommendations to leave high cost of living state like NJ for a lower tax rate state in the South. Sorry...
by A440
Thu Jan 19, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Pension options vs Term-Life policy
Replies: 11
Views: 824

Pension options vs Term-Life policy

At age 55 I can start my teacher pension, should I wish to retire from teaching. The formula would by years of service/55 times average of 3 highest years of salary. Let's suppose my years of service is 27 and my average final salary is $96,000. In this example my Max pension amount would be: 27/55=...
by A440
Tue Jan 17, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Discount Code for TaxAct?
Replies: 2
Views: 874

Discount Code for TaxAct?

Wow, the price of TaxAct this year really went up dramatically. I admit, I wasn't an early bird and did not order early (lesson learned). I see I can get back 7.5% if I order through Ebates. Or, I can get 20% off if I call the vendor and place an order over the phone, but I'd rather order through Eb...
by A440
Sat Jan 14, 2017 10:02 am
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 153
Views: 29492

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I just read this article which has a tidbit about the GAO report on these plans. Basically, the answer to the question posed in the title is simple: 97% of people are not wealthy enough. Also missing from the article was the mantra that a family should not contribute to a 529 plan unless they have ...
by A440
Sat Jan 14, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Best credit card for cash back
Replies: 53
Views: 13243

Re: Best credit card for cash back

Alto Astral wrote:Amex Blue - Cashback


I agree, unless you are spending outside of the US. Then I would use Discover Card, as they do not charge foreign transaction fees.
by A440
Sat Jan 14, 2017 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Anybody try to get another 403b option offered?
Replies: 12
Views: 789

Re: Anybody try to get another 403b option offered?

You'll be able to post a new topic as soon as they check you out, which usually takes a few hours but may take longer during the holidays. Yes all 3 are great. Because Vanguard only uses Investor shares in their 403b plans, and Aspire adds 0.15% to Vanguard ERs, Fidelity is actually the lowest cost...
by A440
Tue Jan 10, 2017 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 29
Views: 2937

Re: Lincoln Investments "Participant Directed Platform"

Update on Fees: According to my December '16 statement from Lincoln: "RetirementSOLUTIONS PREMIER Custodial Fee Elimination For those investors with retirement accounts, the annual retirement plan custodial fee that ranges from $0 to $35 per account for up to two accounts (maximum of $70) is be...
by A440
Sun Dec 11, 2016 7:27 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 121
Views: 13363

Re: NY Times first in a series about 403(b)s with public K-12

I am an officer in our local teacher's association of 700+ members. I have sent both of the NY Times pieces to our membership. In my view, teachers already have 2 annuities: our pension and social security. If one or more of our members is worried about either being available at retirement, it may b...
by A440
Thu Dec 01, 2016 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Engines Link (where did it go?)
Replies: 3
Views: 370

Re: Financial Engines Link (where did it go?)

You found it!! :D

Many thanks!
by A440
Thu Dec 01, 2016 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Engines Link (where did it go?)
Replies: 3
Views: 370

Financial Engines Link (where did it go?)

Vanguard changed their home screen (account overview). I no longer see the link for Financial Engines. Any idea where to find it now?
by A440
Sun Oct 30, 2016 4:52 am
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 29
Views: 2937

Re: Lincoln Investments "Participant Directed Platform"

Sorry, I don't have a link. It isn't advertised too much, because I don't believe Lincoln makes much (if anything) from the plan. Perhaps they believe you will come to them to manage your million plus portfolio when you retire from teaching? :happy The plan is very similar to Retirement Solutions Pr...
by A440
Fri Oct 28, 2016 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 29
Views: 2937

Re: Lincoln Investments "Participant Directed Platform"

I dealt with a Regional VP at our local Lincoln Investment office instead of going through the rep that comes to our school.
Very pleased with the program and the service I have received from the VP and from Lincoln Investments when completing my direct exchange from another vendor in our district.
by A440
Wed Oct 26, 2016 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: 403b fees-what is reasonable?
Replies: 19
Views: 1721

Re: 403b fees-what is reasonable?

Thanks! I just updated the post. The plan is not limited to our district, alone. It isn't advertised much by Lincoln, because they don't make any money from it (that I am aware). So if a school district has Lincoln among its 403(b)7 providers, one would need to inquire about the plan, perhaps to mor...
by A440
Wed Oct 26, 2016 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 29
Views: 2937

Re: Lincoln Investments "Participant Directed Platform"

UPDATE:
So I completed a one year "test-drive" and the only fees (other than the Vanguard ER) was a $35 annual custodial fee. I decided to move my other employer 403(b)7 to this account, and will update again if any new fees get posted.
by A440
Wed Oct 26, 2016 8:52 am
Forum: Investing - Help with Personal Investments
Topic: 403b fees-what is reasonable?
Replies: 19
Views: 1721

Re: 403b fees-what is reasonable?

I have been lobbying for better 403(b)7 options in our district and have used the power of our Teacher's Association (union) to get a better product. The best for DIYers is a platform offered by Lincoln Investment called Participant Directed Platform. The fund choices are all Vanguard products, and ...
by A440
Wed Oct 19, 2016 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement and 403(b)7
Replies: 3
Views: 504

Early Retirement and 403(b)7

If I retire at 55 and separate from service with my current employer, my understanding is I can take withdrawals penalty free from my 403(b)7. Can I also assume I can tap an old 403(b)7 that I have with Vanguard that I contributed to while with the same employer, even though I had to choose a new ve...
by A440
Tue Aug 02, 2016 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Meeting with TIAA Advisor (questions we should ask)
Replies: 7
Views: 695

Meeting with TIAA Advisor (questions we should ask)

My parents (in their early 80's) have asked me to join them at their next meeting with their TIAA advisor with the hope that I would see (and comment/ask questions) what is being done with their TIAA accounts. Most have been annuitized. I thought of a few questions to ask at the meeting and was hopi...
by A440
Wed Jul 13, 2016 6:34 am
Forum: Personal Consumer Issues
Topic: How many of you have cut cord?
Replies: 172
Views: 13910

Re: How many of you have cut cord?

We got rid of cable and landline phone in 2009. The monthly amount saved (around $150) was immediately added to our kids 529 plans. So I tell people Comcast and Verizon are helping to fund our kids college :D We use Mohu leaf antennas, Netflix($7.99/month), Chromecast along with YouTube, Hulu, and n...
by A440
Wed Jul 13, 2016 6:16 am
Forum: Personal Finance (Not Investing)
Topic: 403b FEE changes - do I have options?
Replies: 4
Views: 520

Re: 403b FEE changes - do I have options?

Do you have a union? If so, you may be able to lobby the BA or school board to include more options. Especially, if you can show how costs matter over the long-term. We cannot invest directly with Vanguard anymore, but I found a little know "Participant Directed Plan" that has zero fees (e...
by A440
Mon Jun 13, 2016 6:28 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard VBIIX for $20K parking spot [Vanguard Intermediate Term Bond Index]
Replies: 6
Views: 1127

Vanguard VBIIX for $20K parking spot [Vanguard Intermediate Term Bond Index]

I'm looking for a place to move $20K from our checking account to earn more interest. The money is not part of our emergency fund, but above and beyond it. The funds might be needed in 3-5 years for home improvements. I'm considering "parking" it in VBIIX. Any thoughts or other suggestions?
by A440
Fri May 06, 2016 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: More House or More Investing?
Replies: 25
Views: 3107

Re: More House or More Investing?

Go for the investing route using low-cost index funds. Start the investing snowball rolling now, and it will be huge when you are ready to retire before all the others that can't. :D A bigger house comes with a bigger tax bill, more yard to mow, more rooms to heat/cool/vacuum/decorate, etc. Just get...
by A440
Thu Apr 07, 2016 6:31 pm
Forum: Personal Consumer Issues
Topic: Anyone bought a new bed recently? [Mattress]
Replies: 59
Views: 8601

Re: Anyone bought a new bed recently? [Mattress]

We purchased a Novaform mattress from Costco.com. Works well for me, and I have herniated lower discs. Plus, if you can get it to Costco, you can always get it replaced for free if it ever needs it. :D
by A440
Thu Apr 07, 2016 6:30 pm
Forum: Personal Consumer Issues
Topic: Appliance Repairs: Is it worth it?
Replies: 44
Views: 5338

Re: Appliance Repairs: Is it worth it?

Not sure if it was mentioned here or not yet, but I have used the online resource RepairClinic.com several times to repair our Dryer, Washer, and Dishwasher. They have very helpful step-by-step videos and help with diagnostics. We have saved several hundred dollars over the years thanks to the site....
by A440
Mon Feb 08, 2016 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 192
Views: 17986

Re: Vanguard Customer Service

After two attempts, I received an answer from Vanguard as to the cause of the dividend posting issue. It turns out it was human error and should not happen again. Curious to know what would have happened if I hadn't checked my expected dividends that get posted to my brokerage account. Would Vanguar...
by A440
Sun Feb 07, 2016 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Pension options vs. Term Life policy
Replies: 15
Views: 1373

Re: Pension options vs. Term Life policy

Many thanks to all for your thoughts and words of wisdom. This forum is a wonderful resource and I am grateful for it and for its contributors.
by A440
Sat Feb 06, 2016 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Pension options vs. Term Life policy
Replies: 15
Views: 1373

Pension options vs. Term Life policy

When I retire from teaching at 57 I can collect half my salary at the Maximum option. If I choose an option that includes a beneficiary, my monthly amount is reduced, but my beneficiary will continue to receive the same reduced amount if I pass first. Under the same reduced option, if my beneficiary...
by A440
Fri Jan 22, 2016 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Double Check your Dividends in Vanguard Brokerage Account(s)
Replies: 11
Views: 1043

Double Check your Dividends in Vanguard Brokerage Account(s)

I had an issue with a recent dividend being posted incorrectly to my Vanguard Brokerage account. The dividend was off around $300, not in my favor. I called Vanguard and they corrected their mistake, but I'm wondering what would have happened if I didn't catch their mistake. Or if others are having ...
by A440
Thu Dec 17, 2015 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Upgrade to Brokerage Account with Vanguard
Replies: 44
Views: 7263

Upgrade to Brokerage Account with Vanguard

Could someone give me a clear reason(s) why Vanguard is asking its clients to Upgrade to a Brokerage account and include all their funds in this account? I already have a brokerage account for ETF and stock trades, do I really need a brokerage account for every other Vanguard fund I hold?
by A440
Mon Oct 19, 2015 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Liable if I give 403b advice to colleagues?
Replies: 26
Views: 2971

Re: Liable if I give 403b advice to colleagues?

Thank you for all the replies. I do make a point before offering any advice to point out that: 1- I am not a financial professional, and do not have a responsibility to recommend any product that fits a colleague's best interest. 2- If someone offers compensation, I respectfully decline and steer th...
by A440
Sat Oct 17, 2015 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Liable if I give 403b advice to colleagues?
Replies: 26
Views: 2971

Liable if I give 403b advice to colleagues?

I was curious to know if I give 403b advice to my teacher colleagues if I am in any way liable. I am licensed to be a teacher, not a financial rep. My advice is fairly generic: -start early and raise your contributions every year. -consider low-cost 403b(7) accounts over annuities, because COSTS MAT...
by A440
Thu Oct 08, 2015 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 29
Views: 2937

Re: Lincoln Investments "Participant Directed Platform"

I was told that Admiral shares will be available in the near future, even if the account is less than $10,000. I'm going to "test drive" the plan while it is in the BETA phase of implementation. If everything pans out as promised, I'll move my other 403b account in the district to this plan.
by A440
Thu Oct 08, 2015 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 29
Views: 2937

Lincoln Investments "Participant Directed Platform"

I have been lobbying for a better 403b(7) for teachers in our district here in NJ. Too many get sold on high fee variable annuities from AXA/Equitable, VALIC, and Voya. For those that do some due diligence, we have American Funds and Vanguard. The prior, of course, comes with a load. In order to pur...
by A440
Fri Aug 07, 2015 6:04 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard 500 S&P vs Wellesley for passive income
Replies: 4
Views: 1051

Vanguard 500 S&P vs Wellesley for passive income

{OT comment deleted by admin alex, the relevant part is that the OP take home pay has been reduced by an increase in pension and healthcare contributions] The affect of these mandatory contributions have resulted in reducing my annual take home pay by over $6,000. Since I already work 1 full-time a...
by A440
Thu Jul 09, 2015 6:50 am
Forum: Investing - Help with Personal Investments
Topic: Checking AA- Do I need to Rebalance?
Replies: 6
Views: 755

Checking AA- Do I need to Rebalance?

I received some advice from VG for my annual rebalancing of our retirement portfolio. I would welcome the groups thoughts to compare/contrast VG's CFP advice. I'm trying to post in accordance with Laura's format: viewtopic.php?f=1&t=6212 Thanks for your input. Emergency funds: 6 months expenses ...
by A440
Wed Jul 01, 2015 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 192
Views: 17986

Vanguard Customer Service

Has anyone else been experiencing lower customer service recently from Vanguard? We are at the Voyager Select level, and have called for a variety of reasons lately (e.g. Rebalancing, 403b(7)/IRA rollovers). We have received different levels of service each time we call. Sometimes we get a knowledge...
by A440
Thu Jun 18, 2015 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping All Bond funds in TIRA
Replies: 3
Views: 503

Re: Keeping All Bond funds in TIRA

All the stock funds in my TIRA are to be moved to Total Bond Mkt Admiral Shares. My 403b(7) is to be comprised of Bond, Int Bond and Total Stk Mkt My Roth IRA is to be comprised of a mix of Health, REIT, and Ttl Int Stk My wife's TIRA is to be comprised of all Total Stock Mkt My wife's Roth IRA is t...
by A440
Thu Jun 18, 2015 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping All Bond funds in TIRA
Replies: 3
Views: 503

Keeping All Bond funds in TIRA

I understand the need to keep tax inefficient holdings (e.g. Bond funds) in a tax-deferred account (e.g. TIRA). However, if I plan to tap my TIRA 20 years from now, shouldn't I include some growth funds in the account as well? I'm concerned with the advice that I received from my last conference w/V...
by A440
Sat Jun 06, 2015 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard's new Personal Advisor Services
Replies: 56
Views: 12474

Vanguard's new Personal Advisor Services

Any thoughts on Vanguard's new Partner with and CFP service? The fee is .30 % of assets under management.
by A440
Sat Jun 06, 2015 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Asset Allocation model
Replies: 6
Views: 1384

Re: Vanguard Asset Allocation model

Some recommendations that have differed from previous years include: -Keeping 40% of the stock holdings in International, including adding 20% of the bond portfolio. -moving all of the bond holdings into tax-deferred accounts (TIRA, 403b) -selling an income producing fund (e.g. Wellesley) to a stock...
by A440
Wed Jun 03, 2015 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Asset Allocation model
Replies: 6
Views: 1384

Vanguard Asset Allocation model

How does Vanguard come up with their Asset Allocation model and percentage of what you should hold in each sector (e.g. Finance, Healthcare, Real Estate, etc)? I'm working on doing my annual re-balancing of my retirement portfolio (comprised of mainly Vanguard Funds), and this year's Vanguard CFP is...
by A440
Sat Apr 25, 2015 9:40 am
Forum: Investing - Help with Personal Investments
Topic: LTC premiums vs. Self-Insure resources
Replies: 3
Views: 578

LTC premiums vs. Self-Insure resources

Can anyone recommend any web resources that compares the cost of LTC premiums vs investing the same amount in taxable accounts? I can across this article from 2004 that was helpful (https://afcpe.org/assets/pdf/vol1521.pdf) but I am looking to do some more research on whether to invest the cost of L...
by A440
Thu Apr 23, 2015 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Taking 403b distributions between 55 and 59 1/2, fact check
Replies: 1
Views: 333

Taking 403b distributions between 55 and 59 1/2, fact check

I wanted to check my understanding of taking distributions from a 403b(7) account at age 55 after separating service and retiring from teaching. None of the money is held in an annuity. My understanding is: 1- I can take penalty free withdrawals once I reach 55 or in the year I reach 55, as long as ...
by A440
Sat Mar 21, 2015 6:21 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion or 529 contributions
Replies: 2
Views: 480

Roth Conversion or 529 contributions

I'd like to start paying down our "tax mortgage" (Ed Slott quote) on our traditional IRA and do a Roth conversion of about 10K a year. The tax bill would be around $2,500 assuming a 25% tax bracket. Currently about 40% of our retirement portfolio is in the Roth. Our retirement portfolio is...
by A440
Fri Mar 06, 2015 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Which 529 plan are you using?
Replies: 61
Views: 6984

Which 529 plan are you using?

Just curious to know which state's 529 plans Bogleheads are using.

Here in NJ, our plans aren't the greatest, so we chose Iowa 529 because of the low fees (26 basis points), investment choices, and Vanguard management.
by A440
Sat Feb 28, 2015 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Which financial designation would you recommend?
Replies: 5
Views: 1025

Re: Which financial designation would you recommend?

I thought the CFA was Chartered Financial Analyst used by professionals who managed mutual funds. Do you mean Chartered Financial Consultant (ChFC)?
Thanks for clarifying.
by A440
Sat Feb 28, 2015 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Which financial designation would you recommend?
Replies: 5
Views: 1025

Which financial designation would you recommend?

I have been served well by John Bogle and Index investing with Vanguard ever since I opened my IRA at the age of 19. In my career as a public school teacher, I have seen some very poor options presented to my fellow colleagues when it comes to 403b choices. 403bwise.com makes good mention of this. A...
by A440
Sat Feb 28, 2015 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: MetLife Shield Level Selector Annuitiy
Replies: 1
Views: 1593

MetLife Shield Level Selector Annuitiy

Is anyone familiar with Met Life's new product called Shield Level Selector? https://www.metlife.com/shield/how-it-works/index.html?WT.ac=GN_shield_how-it-works It was suggested to me by a CFP I know and was curious to know the forum's thoughts. It sounds like a modified Equity Indexed Annuity to me...

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