Search found 868 matches

by acegolfer
Tue Jul 05, 2016 7:15 am
Forum: Personal Finance (Not Investing)
Topic: TIAA-CREF 401k Plan Servicing Fees?
Replies: 17
Views: 1243

Re: TIAA-CREF 401k Plan Servicing Fees?

While I hold some Vanguard funds in my 403B account, which are subject to the new service fee, the 17 basis point fee is also being deducted from my Traditional Account holdings; it is across the board and unavoidable. My wife and I both work at non-profit universities, but the fee is not being lev...
by acegolfer
Mon Jul 04, 2016 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: TIAA-CREF 401k Plan Servicing Fees?
Replies: 17
Views: 1243

Re: TIAA-CREF 401k Plan Servicing Fees?

In March of this year, participants in my employer's 403B plan received a notification that we would be charged a 17 basis point servicing fee, which is in addition to administration fees that are paid by the employer. According to the letter we received, TIAA recently "discovered" that t...
by acegolfer
Sun Jul 03, 2016 6:51 am
Forum: Personal Finance (Not Investing)
Topic: TIAA-CREF 401k Plan Servicing Fees?
Replies: 17
Views: 1243

Re: TIAA-CREF 401k Plan Servicing Fees?

How big is your employer? Perhaps you can lobby them to include TIAA's institutional funds, which have very low expense ratios. Is TIAA-CREF Equity Index Fund Retirement Class (TIQRX) a TIAA institutional fund? We had it prior to the change. But its 0.32% ER is higher than VIFAX 0.05% + 0.17% servi...
by acegolfer
Sun Jul 03, 2016 6:28 am
Forum: Personal Finance (Not Investing)
Topic: TIAA-CREF 401k Plan Servicing Fees?
Replies: 17
Views: 1243

Re: TIAA-CREF 401k Plan Servicing Fees?

Hi AceGolfer, Where did you find this information about the 0.17% fee? Is it possible that they are charging 0.17% because the Vanguard fund is outside of TC? I'm not seeing an extra fee on my funds in my employer based TC account, but I only have TC funds to choose from... I too didn't see this ex...
by acegolfer
Sat Jul 02, 2016 9:01 am
Forum: Personal Finance (Not Investing)
Topic: TIAA-CREF 401k Plan Servicing Fees?
Replies: 17
Views: 1243

TIAA-CREF 401k Plan Servicing Fees?

If it's okay to discuss fees, I found that TIAA-CREF charges 0.17% servicing fees for my 401k plans. (This is separate from the fund's ER.) The total expense of VFIAX (an option in my 401k) is 0.05% ER + 0.17% servicing fee = 0.22%. I thought the 0.17% fee is high. After researching, I found that th...
by acegolfer
Wed Jun 29, 2016 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Income Tax Rate Prediction?
Replies: 1
Views: 257

Personal Income Tax Rate Prediction?

What do you think the personal income tax rates will be in 10-20 years and why?
by acegolfer
Tue Jun 28, 2016 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Help: after-tax end balance calculations 401k vs taxable? (w/ example)
Replies: 1
Views: 209

Help: after-tax end balance calculations 401k vs taxable? (w/ example)

Are these end balance calculations correct? For simplicity, assume 1. pre-tax annual contribution/investment = $10k 2. annual return = 7% 3. Investment horizon = 15 yrs 4. tax rate (now till retirement) = 25% A. taxable investment (1) end balance =(-FV(0.07,15,7500,0,1)) = $201,660 (2) capital gains...
by acegolfer
Sun Jun 26, 2016 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: non-gov 457b with A- credit rating?
Replies: 2
Views: 269

non-gov 457b with A- credit rating?

Would you elect non-gov 457b with A- bond rating (large private university)? (I understand this is an individual case but I'm curious about what other BH thinks.) personal details: in mid-40s, likely to work there till 59. maxed out all tax-benefit plans (401k, roth, wife's TIRA and 529) no debt has...
by acegolfer
Sat Jul 04, 2015 3:49 pm
Forum: Personal Consumer Issues
Topic: Best Cell Plan?
Replies: 45
Views: 7637

Re: Best Cell Plan?

Lots of good suggestions. Adding another. Pay $10 for a $30 preloaded h2o wireless gsm sim card on att network. Look at eBay. You get 1 month unlimited voice/text and 500mb lte. After 1 month, you can extend for $30, or quit. If you use Google voice, then you can do it again with a new mobile number.
by acegolfer
Sun May 24, 2015 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2012 - no longer supports online direct connect. Alternatives?
Replies: 3
Views: 603

Re: Quicken 2012 - no longer supports online direct connect. Alternatives?

BolderBoy wrote:If you are a bit of a geek, gnuCash is free and will do what you want. But the geek factor is necessary.

<http://www.gnucash.org/download.phtml>


You are the best! Exactly what I was looking for.
by acegolfer
Fri May 22, 2015 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2012 - no longer supports online direct connect. Alternatives?
Replies: 3
Views: 603

Quicken 2012 - no longer supports online direct connect. Alternatives?

I realized that online services of Quicken 2012 ended on 4/30/2015. This means I can't use direct connect to download credit card transactions any more. source: https://qlc.intuit.com/questions/1152217-quicken-2012-direct-connect I have a quicken file with 10+ years of data. Any suggestion will be a...
by acegolfer
Mon Apr 20, 2015 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Single best piece of personal finance advice ever received?
Replies: 90
Views: 9111

Re: Single best piece of personal finance advice ever receiv

Give them motivation not just the advice. I wish I had learned all these great advice when in high school. Nevertheless, it may not really helped without any motivation. All I wanted back then was freedom, independence (not financial type). IMO, it's more important to give young people the motivatio...
by acegolfer
Thu Apr 16, 2015 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Would you invest your house down payment?
Replies: 22
Views: 3160

Re: Would you invest your house down payment?

If you ask me, yes. But if you ask my wife, she wouldn't.

I'd invest all in the market and insure against market decline using index puts.
by acegolfer
Tue Apr 14, 2015 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Does your family know about your net worth (ball park)?
Replies: 98
Views: 13671

Does your family know about your net worth (ball park)?

From looking at the recent annual income poll result, I think most BHs are already millionaires or will become one. Q1. Does your family (parents, siblings) know about your net worth (ball park figure)? Q2. Do you know their net worth? Q3. How does knowing one's net worth affect family relationship?
by acegolfer
Sun Apr 12, 2015 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 16047

Re: Household Gross Income Poll

Ninegrams wrote:It's for entertainment purposes only ( the original poster's no doubt ), or it's a talleywacker measuring contest. Certainly nothing actionable here.


Agreed. I wonder why this is not locked yet. Seems it does more harm than good to readers.
by acegolfer
Sun Apr 12, 2015 12:06 pm
Forum: Investing - Theory, News & General
Topic: International equity: Where? taxable or retirement account?
Replies: 5
Views: 897

International equity: Where? taxable or retirement account?

Generally speaking, international equity funds are less tax efficient than TSM but come with foreign tax credit. If you start fresh, where will you put international equity; in a taxable account or retirement account (401k, tIRA, Roth) or both? For more on a related topic, "Asset Location for T...
by acegolfer
Sat Apr 11, 2015 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Anyone semi-retired? What's it like?
Replies: 16
Views: 3015

Anyone semi-retired? What's it like?

Can you share your experience?

Any advice?
by acegolfer
Fri Apr 10, 2015 5:56 pm
Forum: Investing - Theory, News & General
Topic: The $1 Million Goal: Source of Motivation or Discouragement?
Replies: 172
Views: 20489

Re: The $1 Million Goal: Source of Motivation or Discouragem

Was wondering if this kind of goal-setting/mentality is doing more harm than good? Your thoughts? Great discussion. I'll share my experience from talking to college students about the $1 million goal. I explained that if they invest $5k in the market every year for 40 years, this $200k (=$5k * 40) ...
by acegolfer
Wed Apr 08, 2015 10:20 am
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 376
Views: 55079

Re: Do you think Ric Edelman is correct, never pay down mort

during the radio show Ric Edelman said people should always get a 30-year mortgage and never pay down the mortgage. He did not say the reason, but said if you want to know get his book or attend his seminar. I guess he believes using the money for paying down mortgage to invest in stock market will...
by acegolfer
Tue Apr 07, 2015 3:00 pm
Forum: Personal Consumer Issues
Topic: Which Moto G or a different phone?
Replies: 20
Views: 2837

Re: Which Moto G or a different phone?

Moto G (2nd gen) is a great phone.

1. If your parents want to use the same plan (through T-mobile), then get the US GSM version not the Global GSM.
2. 2nd gen moto g doesn't have LTE. (one reason why it's cheaper than 1st gen moto g) Your parents may not notice the difference.
by acegolfer
Fri Apr 03, 2015 12:04 pm
Forum: Investing - Theory, News & General
Topic: Small/Value/Momentum Factor Tilting and Correlations
Replies: 2
Views: 478

Re: Small/Value/Momentum Factor Tilting and Correlations

no because the realize return depends on the idiosyncretic risk (the error term).
by acegolfer
Fri Apr 03, 2015 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Earthquake coverage in CA
Replies: 20
Views: 1593

Re: Earthquake coverage in CA

Interesting that the bank doesn't require earthquake insurance.

Where I live (fl), hurricane is the biggest natural disaster and the insurance is required by the lienholder. It's about $700 a year for my house.

After paying off the loan, I dropped this insurance.
by acegolfer
Wed Apr 01, 2015 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Another reason why BHs pay off mortgage early?
Replies: 51
Views: 8615

Re: Another reason why BHs pay off mortgage early?

One cannot compare "investing" to paying off your mortgage early in some sense. By paying off your mortgage - you are investing in a practically 100% guaranteed risk free return with absolutely no chance of the investment going down. Any investmentment in stocks or bonds is much much high...
by acegolfer
Wed Apr 01, 2015 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Another reason why BHs pay off mortgage early?
Replies: 51
Views: 8615

Re: Another reason why BHs pay off mortgage early?

Motivation for this thread: I found in another poll, BHs tend to pay off loans early. I'm trying to explain their behavior. If the poll results are an accurate reflection of the forum in general, there's an even more simple explanation. Forum participants are more financially savvy than average, an...
by acegolfer
Wed Apr 01, 2015 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Corporate Finance vs Personal Finance
Replies: 9
Views: 1621

Corporate Finance vs Personal Finance

What are the concepts/principles in corporate finance that should not be applied to personal finance?

If it has been too long since you took corporate finance, here are some topics (but not limited to):

1. Time value of money
2. Risk, Portfolio theory
3. Capital budgeting
4. Financing decisions
by acegolfer
Tue Mar 31, 2015 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Another reason why BHs pay off mortgage early?
Replies: 51
Views: 8615

Re: Another reason why BHs pay off mortgage early?

Please note that the subject is "Another reason why BHs pay off mortgage early?"

It's not "Another reason why BHs should pay off mortgage early?" Apparently, several ppl misread the subject.
by acegolfer
Tue Mar 31, 2015 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Another reason why BHs pay off mortgage early?
Replies: 51
Views: 8615

Re: Another reason why BHs pay off mortgage early?

randomguy wrote:yeah but making 10k/month instead of 8k is also better:) Focusing on just one side of the equation is very short sighted.


That's exactly what OP is saying. When investing instead of paying off mortgage, it's not easy to see the income increase.
by acegolfer
Tue Mar 31, 2015 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Another reason why BHs pay off mortgage early?
Replies: 51
Views: 8615

Re: Another reason why BHs pay off mortgage early?

HomerJ wrote:It's real simple...

I used to need $8000 a month.

Now I need $6000 a month.

That's better...

:)


What an excellent summary!
by acegolfer
Tue Mar 31, 2015 5:58 pm
Forum: Investing - Theory, News & General
Topic: Should a true BH visit this forum regularly?
Replies: 32
Views: 3843

Should a true BH visit this forum regularly?

In my mind, BH principles are 1. live below means 2. stay the course 3. capitalize tax advantage space 4. buy and hold low cost index funds and diversify (if I missed anything, please update me) Once one learns how to, he doesn't need to read the threads (especially the ones in Investing forum) regu...
by acegolfer
Tue Mar 31, 2015 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Another reason why BHs pay off mortgage early?
Replies: 51
Views: 8615

Another reason why BHs pay off mortgage early?

Update1: It seems some misread the subject. I'm not explaining why one should pay off loan early. That's a different matter. Update2: Motivation for this thread: I found in another poll, BHs tend to pay off loans early. http://www.bogleheads.org/forum/viewtopic.php?f=2&t=160907 I expected BHs wo...
by acegolfer
Mon Mar 30, 2015 11:52 am
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 132
Views: 15591

Re: Hate where we live, do we make major changes?

Alex Frakt wrote:Remember that each $1 of pension income replaces $25 of savings (assuming a 4% withdrawal rate).


Good point. But the max pension kicks in when she is 58. Given kids age, it could be 20 years from now.
by acegolfer
Mon Mar 30, 2015 11:44 am
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 132
Views: 15591

Re: Hate where we live, do we make major changes?

One thing that I have not seen mentioned is that if you wait until your kids go off to college then they will likely stay in the area. Not living near kids and eventual grand-kids would be hard for some people and when you are older(like in a nursing home) not having any family living nearby can be...
by acegolfer
Sun Mar 29, 2015 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Rate Locks and Options???
Replies: 3
Views: 608

Re: Mortgage Rate Locks and Options???

If you can find such mortgage program, then it will be the easiest solution for you. Sorry, I don't have such mortgage product infor. Even if it doesn't exist, don't worry. There are financial instruments that will protect against long term interest rate increase in September or December. If you can...
by acegolfer
Sun Mar 29, 2015 6:34 am
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 22323

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

Efficient market hypothesis = market portfolio is efficient.

These 2 are related but not the same. But ppl mistakenly interchange the 2 because both have "market" and "efficient".
by acegolfer
Thu Mar 26, 2015 1:39 pm
Forum: Personal Consumer Issues
Topic: Google voice
Replies: 57
Views: 7042

Re: Google voice

Phone geek here. If you use google service, I can't see any downside but only upside. Here's how I benefited since 2005 Number of google voice number change: 1 Number of phone number change: more than 10 It saved me $10k+ since 2005. My current monthly phone bill for 5 phones (3 are cellular) is <$...
by acegolfer
Thu Mar 26, 2015 7:59 am
Forum: Investing - Theory, News & General
Topic: What Happens When Vanguard Owns Everything?
Replies: 19
Views: 5798

Re: What Happens When Vanguard Owns Everything?

The numbers in the article are misleading. The market share reported in the article is not the % assets owned (or managed) by Vanguard. It's the Vanguard AUM over all assets managed by funds excluding individual investors. Hence, it's wrong to interpret Vanguard holds 20% of the entire stock, bond m...
by acegolfer
Thu Mar 26, 2015 7:04 am
Forum: Personal Consumer Issues
Topic: Google voice
Replies: 57
Views: 7042

Re: Google voice

Phone geek here. If you use google service, I can't see any downside but only upside. Here's how I benefited since 2005 Number of google voice number change: 1 Number of phone number change: more than 10 It saved me $10k+ since 2005. My current monthly phone bill for 5 phones (3 are cellular) is <$...
by acegolfer
Wed Mar 25, 2015 6:50 am
Forum: Investing - Theory, News & General
Topic: Should a BH investor never use futures/options?
Replies: 70
Views: 6199

Should a BH investor never use futures/options?

When should a long term buy and hold investor use futures/options?
by acegolfer
Sun Mar 22, 2015 5:58 am
Forum: Personal Consumer Issues
Topic: Google voice
Replies: 57
Views: 7042

Re: Google voice

Phone geek here. If you use google service, I can't see any downside but only upside. Here's how I benefited since 2005 Number of google voice number change: 1 Number of phone number change: more than 10 It saved me $10k+ since 2005. My current monthly phone bill for 5 phones (3 are cellular) is <$1...
by acegolfer
Sat Mar 21, 2015 3:12 pm
Forum: Investing - Theory, News & General
Topic: [New Member Observations- Covered Calls, Financial Advisors]
Replies: 227
Views: 23347

Re: [New Member Observations- Covered Calls, Financial Advis

Kevin's analysis clearly refutes OP's claim that his CC strategy added 2% annual return over SPY. I'm trying to solve the 2% mystery here. Is it possible that 2% S&P500 dividend (approx) is somehow mistreated by OP? I have seen ppl making rookie mistake of comparing his dollar return against una...
by acegolfer
Sat Mar 21, 2015 6:36 am
Forum: Investing - Theory, News & General
Topic: Step callable long term CD for fixed income- pros & cons?
Replies: 17
Views: 1669

Re: Step callable long term CD for fixed income- pros & cons

I think one of the 3 will happen in 20 years.

1. You can't wait 20 years and redeem at under fair value. (bad for you)
2. Market rate goes down and the bank will call CD (bad for you)
3. If neither, you forget the existence of this CD in 2035 (bad for you)
by acegolfer
Fri Mar 20, 2015 6:29 pm
Forum: Personal Consumer Issues
Topic: $600 night guard for teeth grinding, really?
Replies: 92
Views: 10955

Re: $600 night guard for teeth grinding, really?

I'm OP and thanks for all the inputs. Honestly, I didn't expect to get this many posts. Here's an update with a good news. Despite what my new dentist said, I suspected that I am not grinding teeth any more. That's why I was hesitant to spend $600 on a device that I don't need any more. So I self-t...
by acegolfer
Fri Mar 20, 2015 6:19 pm
Forum: Investing - Theory, News & General
Topic: [New Member Observations- Covered Calls, Financial Advisors]
Replies: 227
Views: 23347

Re: [New Member Observations- Covered Calls, Financial Advis

Ace Golfer, Yes, your math is correct. I said I will go up to 8%. Sometimes I'll go lower (like now). That measley .6% a quarter has outperformed the index over the past 8 years. Maybe it won't forever, but the compounding of an extra 2% has turned out to work quite well on a larger scale. Historic...
by acegolfer
Fri Mar 20, 2015 5:55 pm
Forum: Investing - Theory, News & General
Topic: [New Member Observations- Covered Calls, Financial Advisors]
Replies: 227
Views: 23347

Re: [New Member Observations- Covered Calls, Financial Advis

Hi Kevin If I started a new contract today on a $500k portfolio (SPY = $210.69), I would sell the SPY June 2015 220's in a Roth if possible. That would be 23 contracts at the current bid of $1.25. This would deposit $2,875 into my account not including commission of $25.20. I get free equity trades...
by acegolfer
Fri Mar 20, 2015 7:05 am
Forum: Personal Consumer Issues
Topic: $600 night guard for teeth grinding, really?
Replies: 92
Views: 10955

Re: $600 night guard for teeth grinding, really?

I'm OP and thanks for all the inputs. Honestly, I didn't expect to get this many posts. Here's an update with a good news. Despite what my new dentist said, I suspected that I am not grinding teeth any more. That's why I was hesitant to spend $600 on a device that I don't need any more. So I self-te...
by acegolfer
Thu Mar 19, 2015 5:50 pm
Forum: Investing - Theory, News & General
Topic: [New Member Observations- Covered Calls, Financial Advisors]
Replies: 227
Views: 23347

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

As of today, 8% OTM covered call will only add 0.06% return per 3 months (0.24% annualized, not 2% as OP advertised) 3/19/2015 S&P500 index = 2089. 8% OTM exercise price = 2089 * 1.08 = 2260. 6/19/2015 2260 S&P500 index call (SPX1519F2260-E) bid price = 1.25 (FYI, ask price = 1.85, source: h...
by acegolfer
Thu Mar 19, 2015 10:54 am
Forum: Personal Finance (Not Investing)
Topic: What are some common misconceptions found in this forum?
Replies: 209
Views: 22323

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

Fed increasing rate = bond yield increase
by acegolfer
Thu Mar 19, 2015 10:50 am
Forum: Investing - Theory, News & General
Topic: Anyone concerned about their bond holdings?
Replies: 58
Views: 7835

Re: Anyone concerned about their bond holdings?

No

Fed funds rate hike =/= bond yield increase
by acegolfer
Wed Mar 18, 2015 9:55 am
Forum: Investing - Theory, News & General
Topic: Should you hold bonds and a mortgage at the same time?
Replies: 90
Views: 9810

Re: Should you hold bonds and a mortgage at the same time?

The fact that you can live in your house is not an advantage, you pay for it by consuming your house's yield (imputed rent). Now that you've taught us what a mortgage is, I think it's someone's turn to teach you (madbrain) what imputed rent is. I nominate Acegolfer :wink: Thanks for the opportunity...
by acegolfer
Tue Mar 17, 2015 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: 15 yr cd, would you?
Replies: 17
Views: 2324

Re: 15 yr cd, would you?

3%? No.
5%? Yes.

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