Search found 438 matches

by anonenigma
Thu Oct 19, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Finally a win for teachers!! [403(b) modified to add funds]
Replies: 33
Views: 2807

Re: Finally a win for teachers!!

Did leaders of the other bargaining units also participate?
by anonenigma
Wed Oct 18, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: TIAA Annuity SRA vs. Total Bond Market - Help!
Replies: 3
Views: 335

Re: TIAA Annuity SRA vs. Total Bond Market - Help!

Is the IRA version of the TIAA Traditional really paying 3.25% on new deposits? Double check.
by anonenigma
Fri Sep 22, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: Which is better a Cryptocurrency or Gold?
Replies: 99
Views: 6186

Re: Which is better a Cryptocurrency or Gold?

Can a dentist use crypto-currency to fill a cavity or make a crown? Atoms vs. bytes (or bites in this case).
by anonenigma
Mon Sep 18, 2017 12:08 am
Forum: Investing - Help with Personal Investments
Topic: Is this TIAA TRAD 3% or 2.5%?
Replies: 17
Views: 1165

Re: Is this TIAA TRAD 3% or 2.5%?

Just double check. For all accounts that I've heard of thus far, this guaranteed rate is for the restricted version. I have the unrestricted Traditional with 3% guarantee in both my 403b and a Roth IRA, though additions to the IRA are no longer permitted. Does that plan have the 2.5% payout annuity...
by anonenigma
Sun Sep 17, 2017 1:47 am
Forum: Investing - Help with Personal Investments
Topic: Is this TIAA TRAD 3% or 2.5%?
Replies: 17
Views: 1165

Re: Is this TIAA TRAD 3% or 2.5%?

Thanks! I understand the restrictions in my 401(a). There are no such restrictions in my 403(b). Just double check. For all accounts that I've heard of thus far, this guaranteed rate is for the restricted version. I have the unrestricted Traditional with 3% guarantee in both my 403b and a Roth IRA,...
by anonenigma
Sat Sep 16, 2017 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Is this TIAA TRAD 3% or 2.5%?
Replies: 17
Views: 1165

Re: Is this TIAA TRAD 3% or 2.5%?

Thanks! I understand the restrictions in my 401(a). There are no such restrictions in my 403(b). Just double check. For all accounts that I've heard of thus far, this guaranteed rate is for the restricted version. I have the unrestricted Traditional with 3% guarantee in both my 403b and a Roth IRA,...
by anonenigma
Fri Sep 15, 2017 12:24 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Expense changes
Replies: 17
Views: 1266

Re: TIAA Expense changes

Your plan charge is consistently 0.25%, but two of the funds kick back revenue sharing, which comes off of the plan charge. That's not a TIAA thing. It's a decision your employer has made about how costs of operating the plan should be raised. Our 457b plan decided to delete all funds with revenue s...
by anonenigma
Tue Sep 12, 2017 1:32 am
Forum: Personal Consumer Issues
Topic: Rental Car, best options
Replies: 22
Views: 2841

Re: Rental Car, best options

I had a reservation at Portland (OR) Airport through Costco for five days @ $26 plus taxes - a total of almost $200. I had checked Hotwire but at the time the pricing was the same as Costco. A couple of days before the trip, I got an e-mail that Portland prices had decreased. I've gotten those befor...
by anonenigma
Fri Sep 08, 2017 2:13 am
Forum: Personal Consumer Issues
Topic: Places to see in Chicago
Replies: 45
Views: 2962

Re: Places to see in Chicago

Alas, only for current Illinois educators. FYI-The Art Institute is free for educators, if you are or have been one. Go downstairs to the front desk of the Children's Museum, show your ID and get a free pass for the year. Haven't been there in a few years but I am assuming that the pass is still ava...
by anonenigma
Mon Sep 04, 2017 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: FSA
Replies: 0
Views: 230

FSA

I work for an organization that is fiscally sponsored by a 501(c)(3), which provides health benefits and an FSA option. The plan year begins October 1. My organization will become an independent 501(c)(3) late this year. What happens with the FSA in this situation? If my wife and I go to the optomet...
by anonenigma
Sat Sep 02, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing
Replies: 46
Views: 2404

Re: 403b and 457b fund options with expense ratio

What are the plan expenses?
by anonenigma
Tue Aug 29, 2017 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: 457 Deferred Comp w/ Self-directed Option
Replies: 6
Views: 529

Re: 457 Deferred Comp w/ Self-directed Option

Beware of fees related to self-directed brokerage option. They are not always well-disclosed or disclosed at all.
by anonenigma
Tue Aug 29, 2017 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: 457 Deferred Comp w/ Self-directed Option
Replies: 6
Views: 529

Re: 457 Deferred Comp w/ Self-directed Option

Beware of fees related to self-directed brokerage option. They are not always well-disclosed or disclosed at all.
by anonenigma
Mon Aug 28, 2017 5:09 pm
Forum: Personal Consumer Issues
Topic: T-Mobile promotion for 55+
Replies: 84
Views: 8339

Re: T-Mobile promotion for 55+

After reviewing this thread, I called Verizon and told them I was contemplating switching to T-Mobile's 55+ plan. The rep looked up the details on their website, and offered me the following: For 2 lines, a 75% reduction in line access charges. From $20/line to $5/line. They also doubled my data fr...
by anonenigma
Thu Aug 24, 2017 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: 403b choices
Replies: 25
Views: 2861

Re: 403b choices

I have similar choices in my 403b, and after extensive research, I discovered a self-directed option in Planmember services. They have Vanguard funds at low ER, and it was very easy to set up a basic 3 fund portfolio using only Vanguard. I think I pay $35 management fee per year. I need to set up a...
by anonenigma
Thu Aug 24, 2017 2:34 pm
Forum: Personal Consumer Issues
Topic: Miles Davis: Kind of Blue - Question for Jazz experts
Replies: 49
Views: 3360

Re: Miles Davis: Kind of Blue - Question for Jazz experts

Barney Kessel The Poll Winners
Duke Ellington Piano in the Foreground
Roger Kellaway Cello Quartet
by anonenigma
Wed Aug 23, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement plan for someone with no 401k
Replies: 8
Views: 1215

Re: Retirement plan for someone with no 401k

I would put 5500 into a Roth IRA (for each of you) and invest in taxable Total Stock Market and perhap Total International, which are tax-efficient funds. Since it is after-tax, you can squeeze more value into a Roth than traditional, although the tax advantage of trad is nice, too, and perhaps it ...
by anonenigma
Tue Aug 22, 2017 4:41 pm
Forum: Personal Consumer Issues
Topic: Your Movie Collection?
Replies: 43
Views: 3552

Re: Your Movie Collection?

I just had another defective dvd from the library - Cesar , the third film of Marcel Pagnol's Fanny Trilogy , aka The Marseille Trilogy . The library has a machine it uses to buff dvds, and sometimes this takes care of scratches if not too severe. Hopefully the machine will prevail, and I'll be able...
by anonenigma
Sat Aug 19, 2017 6:13 pm
Forum: Investing - Help with Personal Investments
Topic: Teacher 403(b) signup - any tips?
Replies: 17
Views: 1610

Re: Teacher 403(b) signup - any tips?

TIAA or Fidelity. You're lucky to have two good options.
by anonenigma
Sat Aug 19, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pension question: purchase 0.35 yrs of previous service?
Replies: 22
Views: 2278

Re: Pension question: purchase 0.35 yrs of previous service?

Do it! 20 years from now you will be glad you did. +1. Your salary will rise over the decades, making it even a better deal. Years ago, for about $10,000, I purchased .9 years of service in CalSTRS for work performed before CalSTRS was deducted. That's now $1,929 per year in additional pension - ta...
by anonenigma
Thu Aug 17, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Survivor Benefit or Life Insurance -teenage daughter
Replies: 25
Views: 1908

Re: Pension Survivor Benefit or Life Insurance -teenage daughter

In CalSTRS, the survivor cannot be more than 19 years younger than the employee. Double check that there isn't a similar restriction in your system.
by anonenigma
Mon Aug 14, 2017 3:43 pm
Forum: Personal Consumer Issues
Topic: Your Movie Collection?
Replies: 43
Views: 3552

Re: Your Movie Collection?

If you are just looking for something to watch, then the streaming services and public library will suffice. They don't work as well if you want to watch a specific film, which may not be available on Netflix or Amazon Prime (or for which Amazon charges a $4.99 rental fee). I love my library and bor...
by anonenigma
Thu Aug 03, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: belts for dress pants
Replies: 37
Views: 2460

Re: belts for dress pants

Amazon sometimes has great clearance prices on Allen Edmonds belts. List prices are either $98 or $130, but I've bought great belts there for under $30. Sort for 75% discount.
by anonenigma
Fri Jul 28, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Which 403(b) company is the least horrible?
Replies: 13
Views: 1116

Re: Which 403(b) company is the least horrible?

See www.403bcompare.com

They all seem awful. Most Oppenheimer funds have a 5.75% front end load, and the average expense ratio is about 1.4%.
by anonenigma
Thu Jul 27, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Help - Buying Pension Credits
Replies: 4
Views: 561

Re: Help - Buying Pension Credits

If Nevada's system works like CalSTRS, something isn't quite right in your calculations. The age factor (which you have as a flat 2.5%) increases as you get older. In CalSTRS, it is 1.4% at age 55 and maxes out at 2.4% at age 63 (or age 61.5 if you have 30 years of service - not including any years ...
by anonenigma
Sun Jul 23, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Dealing with Expensive 457 Plan Options
Replies: 10
Views: 778

Re: Dealing with Expensive 457 Plan Options

Why did you roll the money in from the former employer's plan? Couldn't you have kept it there?
by anonenigma
Sat Jul 22, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: 403b change and black out dates
Replies: 2
Views: 166

Re: 403b change and black out dates

The blackout period is generally a couple of weeks and may not be significant unless the new provider somehow limits withdrawals thereafter. Take a look at what surrender charges might be applicable if your investments are in annuities.
by anonenigma
Sat Jul 22, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 135
Views: 10722

Re: Is Amazon Prime worth it?

So I looked at the TV/video options last night, though there would be a lot of free stuff.Every quality movie I was interested in had a $3.99 rental fee. I can get that anywhere. The Amazon created content of shows was of no interest. . Some of the Amazon-created content is excellent. We really lik...
by anonenigma
Fri Jul 14, 2017 11:15 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 121
Views: 11043

Re: Vanguard 403b Changes

Is it Vanguard making the change, or the employer? Couldn't find anything on the Vanguard website about Newport Trust, but a google search for vanguard 403b newport - Google Search returns - 1150_TSA_Application.pdf (among others). That pdf notes that Newport Trust is the custodian retained by the ...
by anonenigma
Sat Jul 08, 2017 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: NYCDCP vs. Personal IRA Account for NYC Public School Teacher
Replies: 25
Views: 1255

Re: NYCDCP vs. Personal IRA Account for NYC Public School Teacher

I found that the fees for the self-directed portal in my 457(b) plan were unacceptably high.
by anonenigma
Wed Jul 05, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: What is the advantage of deferring taxes vs paying them up front?
Replies: 57
Views: 5404

Re: What is the advantage of deferring taxes vs paying them up front?

The most persuasive argument for me is the changing value of the dollar. When I was a kid, gas was 25-30 cents a gallon. Milk, bread and most things were a lot less expensive than they are today, though wages were also considerably lower. Given that, I'd rather pay the same amount of taxes with 2017...
by anonenigma
Sat Jul 01, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about lending money to parents to make money - Good or bad idea?
Replies: 34
Views: 1532

Re: Thinking about lending money to parents to make money - Good or bad idea?

My brother and I took an opposite approach. When rates went down on CDs, we borrowed from our parents and paid them back at 7% - way above what they could have earned at the time.
by anonenigma
Wed Jun 28, 2017 12:25 am
Forum: Personal Finance (Not Investing)
Topic: California State Teachers Pension
Replies: 4
Views: 548

Re: California State Teachers Pension

bhtomj wrote:The annuity is the only choice for payout.

+1

Check out 403bcompare.com for 403b plans for your district.
Stick to CalSTRS Pension 2 or TIAA-CREF if available.
by anonenigma
Tue Jun 27, 2017 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Any Reason to Stay With USAA?
Replies: 21
Views: 1844

Re: Any Reason to Stay With USAA?

One additional consideration. I you are not eligible for a traditional or Roth IRA and the investment options available to you at TIAA are cost competitive with Vanguard, you might want to consider also rolling the SEP IRA (and any other pre-tax IRA assets) to TIAA as well. This will allow backdoor...
by anonenigma
Tue Jun 27, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Any Reason to Stay With USAA?
Replies: 21
Views: 1844

Any Reason to Stay With USAA?

I have a 403(b) and a SEP at USAA. I have nothing bad to say about them, but their investment options aren't very appealing. I can consolidate the 403(b) funds with my other 403(b) at TIAA. I can move the SEP to Vanguard. I was not in the military, so I'm not eligible for insurance through them. Is ...
by anonenigma
Mon Jun 19, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Placement of TIAA Traditional and S&P 500
Replies: 7
Views: 676

Re: Placement of TIAA Traditional and S&P 500

Thanks for the responses, which validate what I'd been thinking. Just retired. Have DB pension and have been maxing both DC and Roth.

I'll check what TIAA offers in mutual funds, but I love the security of the Traditional and could lower fees by investing taxable at Vanguard.
by anonenigma
Mon Jun 19, 2017 6:50 am
Forum: Investing - Theory, News & General
Topic: A bit more on Tontines
Replies: 8
Views: 1540

Re: A bit more on Tontines

Note the episode of The Wild, Wild West: "The NIght of the Tottering Tontine":

http://www.imdb.com/title/tt0748583/?ref_=fn_al_tt_1
by anonenigma
Mon Jun 19, 2017 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Placement of TIAA Traditional and S&P 500
Replies: 7
Views: 676

Placement of TIAA Traditional and S&P 500

I have a chunk of money in a 403(b) with USAA invested in their S&P 500 fund with an ER of 25 bp. Most of my 403(b) is with TIAA invested in a liquid version of the TIAA Traditional with a 3% guarantee. I also have taxable funds in money market funds and CDs. Would I be better advised to transfer th...
by anonenigma
Mon Jun 12, 2017 1:56 am
Forum: Personal Finance (Not Investing)
Topic: Need Advice Urgently - Are we in over our heads?
Replies: 45
Views: 6563

Re: Need Advice Urgently - Are we in over our heads?

What do you currently pay for housing?

You may not be able to pay as much into your 401(k), but you'll be developing equity in the house and have a much lower housing cost in 30 years when you've paid off the mortgage.

I just wish houses could be had for so little here in Los Angeles.
by anonenigma
Mon Jun 05, 2017 5:25 pm
Forum: Personal Consumer Issues
Topic: Help me choose an EXPENSIVE* red wine for a gift
Replies: 69
Views: 8905

Re: Help me choose an EXPENSIVE* red wine for a gift

K & L Wines here in California has a very effective website and a large stock. Here's their selection of Bordeaux wines:

http://www.klwines.com/Products/r?r=57+ ... =8&z=False

If you settle on something, try http://www.wine-searcher.com/ to find that wine in your geography.
by anonenigma
Sat Jun 03, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 80
Views: 8809

Re: Teachers: what are your best personal finance tips?

The last three years are important, if you have 30 years of service they highest wage within this time span is used to calculate your pension payout. So if you can pickup extra services that bump your salary it will pay dividends for as long as your pension lasts[/quote] Not quite correct for CalST...
by anonenigma
Sat Jun 03, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 80
Views: 8809

Re: Teachers: what are your best personal finance tips?

Your CalSTRS pension at 58 will have an age factor of 1.8. At age 61.5 (assuming 30 years), the age factor maxes at 2.4. Huge difference. Yes, it is interesting how the pension numbers can change quite a bit by moving the retirement age just slightly. I played with the CalSTRS pension calculator an...
by anonenigma
Thu Jun 01, 2017 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 80
Views: 8809

Re: Teachers: what are your best personal finance tips?

Not to mention in our state, teachers' pensions are reduced for SS benefits (including spousal SS) which makes them less generous then they may appear on the surface. Other way around. It's the Social Security benefits that are reduced, not the pension. Windfall Elimination Provision. Also, if the ...
by anonenigma
Thu Jun 01, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 80
Views: 8809

Re: Teachers: what are your best personal finance tips?

Ron Ronnerson wrote:
We're on a trajectory to be able to retire in our late 50s. However, I really love my job and may continue to do it for longer than that.
Your CalSTRS pension at 58 will have an age factor of 1.8. At age 61.5 (assuming 30 years), the age factor maxes at 2.4. Huge difference.
by anonenigma
Tue May 16, 2017 12:53 am
Forum: Personal Consumer Issues
Topic: Few days in Portland in July
Replies: 36
Views: 2905

Re: Few days in Portland in July

I'm also from the PDX area. Agree with texasdiver about the Columbia Gorge. I prefer the Hood River loop wineries over the Willamette Valley wineries, not really because of the wine but I think the area is nicer and it's never crowded. Stop by Multnomah Falls on the way out to Hood River, have lunc...
by anonenigma
Tue May 09, 2017 9:08 am
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 6303

Re: What newspaper or magazine do you pay for?

New York Times (M-F print + digital), Washington Post (digital), Los Angeles Times (Su + digital), The New Yorker, The Atlantic, London Review of Books, Los Angeles Review of Books, Talking Points Memo plus contributions to my local PBS and (two) NPR stations. Altogether, the cost is about $700 per ...
by anonenigma
Sun May 07, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Worth It Or Not? [to Retire]
Replies: 28
Views: 5083

Re: Worth It Or Not? [to Retire]

If you have to take an unneeded RMD and you invest it in a taxable account then you have just moved the money around since an after tax dollar in your taxable account is worth more than a tax deferred dollar in the IRA. It is all still savings. Exactly. Uncle Sam doesn't care whether you actually s...
by anonenigma
Sat May 06, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: Worth It Or Not? [to Retire]
Replies: 28
Views: 5083

Re: Worth It Or Not? [to Retire]

I filed my retirement papers a few weeks ago. I've loved teaching these 27 years, and the program we've run has been very successful - sending hundreds of first generation kids off to college with the skills they'll need to do well when they get there. I took Taylor's advice very seriously - about t...