Search found 402 matches

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: 510

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: 1259

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: 510

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 transfe...
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: 5921

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: 70
Views: 7890

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+4294967164&d=38&t=&o=8&z=False If you settle on something, try http://www.wine-searcher.com/ to find that wine in your g...
by anonenigma
Sat Jun 03, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 6930

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: 78
Views: 6930

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: 78
Views: 6930

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: 78
Views: 6930

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: 2390

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: 4663

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: 4841

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: 4841

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...
by anonenigma
Wed May 03, 2017 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: 403b vs 457
Replies: 42
Views: 2394

Re: 403b vs 457

403(b) and 457(b) are very similar in that they are tax-deferred workplace retirement savings vehicles (except the Roth option, if available, which is not tax-deferred). There are differences in rules for accessing the funds in an emergency, but the biggest difference is when you can withdrawn funds...
by anonenigma
Mon Apr 24, 2017 9:01 am
Forum: Personal Consumer Issues
Topic: Time savers - life on automation
Replies: 57
Views: 7411

Re: Time savers - life on automation

Our zojirushi handles brown rice well but the cook time is significantly longer...more like 1.5-2 hours for several cups vs. half the time for white rice. But it cooks the rice consistently and has worked flawlessly for several years. Definitely a big step up from our prior rice maker. Not all Zoji...
by anonenigma
Mon Apr 17, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits
Replies: 41
Views: 2892

Re: Help me decide pension benefits, single life, 50%, 75% and/or 100% survival benefits

We chose 75%, but you should check one issue. In my system, I was able to make the designation at age 55, which protected my wife should I not live until retirement. What I did not realize until a few months ago was that I got a better detail, in terms of percentage of income, for having made the ch...
by anonenigma
Sat Apr 15, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Public School Teacher: Need help with 403b
Replies: 41
Views: 2075

Re: Public School Teacher: Need help with 403b

Check whether you have access to a 457(b) plan. There's a chance that there will be a decent provider.
by anonenigma
Fri Apr 14, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Need help deciding whether to buy back service credit in a defined benefit pension plan
Replies: 8
Views: 639

Re: Need help deciding whether to buy back service credit in a defined benefit pension plan

Thanks for the input so far. The 6% rate of return and flexibility of withdrawal are two big factors in favor of doing the buyback. Curious if anyone has an opinion on my sending post-tax savings to contribute to a deferred-tax vehicle that would ultimately (were I to cash out again and roll over t...
by anonenigma
Tue Apr 11, 2017 11:55 am
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 12779

Re: You can never go "home" - retirement

Read DOM CASMURRO by Machado de Assis. On topic. Narrator builds a replica of the home in which he grew up.
by anonenigma
Tue Apr 04, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Union Places Me in Crosshairs
Replies: 17
Views: 2047

Re: Credit Union Places Me in Crosshairs

The most likely explanation is that your mail was misdelivered. A neighbor opened it, realized the mistake, and kindly put it in your mailbox. If someone intended to steal your identity with that information, why return it to you? I would assume it was a well-meaning neighbor and not worry about it...
by anonenigma
Tue Apr 04, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Credit Union Places Me in Crosshairs
Replies: 17
Views: 2047

Credit Union Places Me in Crosshairs

I recently called my credit union to take advantage of a 12 mo. CD offer (1.25%). On Saturday, a business-sized window envelope arrived in my locked mailbox, and it had been opened at the top using a letter opener. I was not happy, and my heart sank when I saw that it was a membership application (b...
by anonenigma
Sat Mar 25, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: planning to visit San Francisco for a short break
Replies: 23
Views: 1757

Re: planning to visit San Francisco for a short break

Walk around North Beach. Have breakfast at Mama's. Get an Italian sandwich for lunch at Molinari's and eat it in Washington Square Park if weather permits. Get a coffee at Cafe Trieste or one of the many other cafes. Get a raspberry ring at one of the bakeries. Browse at City Lights Bookshop. Visit ...
by anonenigma
Sat Mar 18, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: 457(b) Enhanced limit
Replies: 5
Views: 378

Re: 457(b) Enhanced limit

If you have a good 403(b) option, I'd do that instead.

My employer messed up that catch up provision a number of years ago and the vendor didn't catch it until it was too late. I had to claw back the over-contribution, and that wasn't much fun.
by anonenigma
Fri Mar 10, 2017 11:42 pm
Forum: Personal Consumer Issues
Topic: CA: Car Won't Pass Smog Check
Replies: 8
Views: 914

Re: CA: Car Won't Pass Smog Check

Perhaps a Volkswagen dealer can help?
by anonenigma
Tue Mar 07, 2017 7:06 pm
Forum: Personal Consumer Issues
Topic: Camry Redesign
Replies: 61
Views: 6425

Re: Camry Redesign

That 2018 sure looks nice. But I will probably pull the trigger on the 2017 XLE with the technology package for the added safety. THey can be had for quite a bit off sticker right now. Nice thought, but it appears that the safety packages all include a moonroof, and that won't work for a tall person.
by anonenigma
Mon Mar 06, 2017 2:52 am
Forum: Personal Consumer Issues
Topic: Camry Redesign
Replies: 61
Views: 6425

Re: Camry Redesign

Thank you for all the great insights. My conclusion is that I should take a closer look at the Prius, which in 2017 is in the first year of its redesign and has the full safety package standard. Maybe its second year, the 2018, would be the car to buy. If I decide that I prefer another Camry, I shou...
by anonenigma
Mon Mar 06, 2017 2:46 am
Forum: Personal Finance (Not Investing)
Topic: Worth It Or Not? [to Retire]
Replies: 28
Views: 4841

Re: Worth It Or Not? [to Retire]

Lots of good dialogue. I'll add a non financial consideration .... I think it is important to cross the finish line strong. No matter what you decide it will be great for you continue your strong efforts for your students and school system through your last day. Thanks for your work in education! T...
by anonenigma
Sat Mar 04, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Worth It Or Not? [to Retire]
Replies: 28
Views: 4841

Re: Worth It Or Not?

[...] Whichever choice I make, we'll be fine economically. [...] This is the sticky point. The real question is what you mean by that. Basically, the value of earning more money decreases as your wealth increases. So the real question is, would the extra money get you something, or will it just cre...
by anonenigma
Sat Mar 04, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Worth It Or Not? [to Retire]
Replies: 28
Views: 4841

Re: Worth It Or Not?

[...] If I retire in June, the age factor in my pension calculation will be .0233. If I can arrange an out-of-classroom position for a few months, the age factor will increase to .024. [...] So you're looking at an increase of .0067 or roughly 29% in exchange for a small amount of extra work. This ...
by anonenigma
Sat Mar 04, 2017 4:49 pm
Forum: Personal Consumer Issues
Topic: Camry Redesign
Replies: 61
Views: 6425

Re: Camry Redesign

I can't cite a reference, but I seem to recall some kind of merging the Camry and Prius platforms. What about a Camry Hybrid? I believe that you are correct, and the 2017 Prius has already implemented the TNGA architecture. With the small amount of driving I do, I'm not sure that the premium for a ...
by anonenigma
Sat Mar 04, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: Worth It Or Not? [to Retire]
Replies: 28
Views: 4841

Re: Worth It Or Not?

Thank you for the thoughtful responses. By their nature, classroom teaching jobs are for a full year, so I will see if I can arrange an out-of-classroom job that will get me to my next birthday. I still have the commitment, but I don't want to stay up after midnight grading papers three or four nigh...
by anonenigma
Sat Mar 04, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Worth It Or Not? [to Retire]
Replies: 28
Views: 4841

Worth It Or Not? [to Retire]

I've been teaching for a long time and am ready to retire. I love the kids, but grading huge numbers of complicated writing assignments, which was never fun, is even less fun now that I'm in my 60s. When I entered the profession, I had no idea how valuable the pension would be to me, and I feel incr...
by anonenigma
Sat Mar 04, 2017 3:35 pm
Forum: Personal Consumer Issues
Topic: Camry Redesign
Replies: 61
Views: 6425

Camry Redesign

It's getting to be time to replace my 2000 Camry. I don't know much about cars, but I've been reading about the 2018 Camry redesign. With the new TNGA architecture, the handling will apparently be better than the 2017 model. Also, the engine is expected to be more efficient, and there will be more s...
by anonenigma
Mon Feb 20, 2017 1:57 pm
Forum: Personal Consumer Issues
Topic: Amazon free shipment down to $35
Replies: 16
Views: 2924

Re: Amazon free shipment down to $35

Amazon has reduced the minimum purchase qualifying for a free shipment from $49 to $35. According to https://www.amazon.com/gp/help/customer/display.html/ref=mk_sss_hucart/ref=ord_cart_shr?nodeId=527692 : Order with Free Shipping by Amazon All orders of $35 or more of eligible items across any prod...
by anonenigma
Sun Feb 19, 2017 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: 403b options
Replies: 8
Views: 443

Re: 403b options

So I'm reading the materials from the TIAA website, and reading the Bogleheads wiki, and trying to make sense of how an annuity like this one fits into our overall plan. Can someone put it in Kindergarten-speak for me? I was totally on board with a simple 3-fund allocation, and now this 403b choice...
by anonenigma
Mon Feb 13, 2017 9:11 am
Forum: Investing - Help with Personal Investments
Topic: The 6 403b Companies Offered Where I Teach
Replies: 19
Views: 1374

Re: The 6 403b Companies Offered Where I Teach

dbltrbl wrote:Nothing major but are you sure one of the company is GALIC? It should be Valic and almost all choices are bad. Voya may have decent choices depending on your district.


GALIC is Great American.
by anonenigma
Mon Feb 13, 2017 12:01 am
Forum: Personal Consumer Issues
Topic: Verizon wireless unlimited data plan
Replies: 16
Views: 2956

Re: Verizon wireless unlimited data plan

Have to wait for tomorrow to find out pricing for two lines - and how much prices will be lowered on existing plans.
by anonenigma
Sun Feb 12, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Short Term Investments for a Non-Profit
Replies: 6
Views: 384

Re: Short Term Investments for a Non-Profit

My wife's organization has about $2M that will be spent over the next 12-14 months. Similar sums should be available on an ongoing basis as grants are renewed and new grants are secured. As for FDIC insurance, I don't see any reason to fear something like a treasury mutual fund at vanguard. By spli...
by anonenigma
Sat Feb 11, 2017 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Short Term Investments for a Non-Profit
Replies: 6
Views: 384

Short Term Investments for a Non-Profit

My wife's organization has about $2M that will be spent over the next 12-14 months. Similar sums should be available on an ongoing basis as grants are renewed and new grants are secured. They can park the funds in FDIC-insured online money market accounts (keeping within insurance limits), but shoul...
by anonenigma
Sun Feb 05, 2017 11:37 pm
Forum: Personal Consumer Issues
Topic: Walmart.com vs. Amazon.com
Replies: 41
Views: 5352

Re: Walmart.com vs. Amazon.com

Will allow Prime to lapse in two weeks. Amazon's prices are much higher than they used to be, particularly on CDs and DVDS, so I haven't been buying as much as I used to. I also wasn't satisfied (for the first time) with how they handled a return and rejected my review of the item, which contained n...
by anonenigma
Sun Feb 05, 2017 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) - Choosing a vendor - Need advice
Replies: 21
Views: 1745

Re: 403(b) - Choosing a vendor - Need advice

UPDATE Have an appt scheduled with the Plan Member Services representative tomorrow afternoon. We told her we only want the plan member direct plan but she kept pushing the "advisor" plans. Told her we like it because it has the Vanguard funds but she said she doesn't think the Direct pla...
by anonenigma
Mon Jan 30, 2017 9:43 am
Forum: Investing - Theory, News & General
Topic: 403B without early withdrawal penalty-Vanguard
Replies: 2
Views: 308

Re: 403B without early withdrawal penalty-Vanguard

Vanguard is correct, and the penalty is from the IRS, not Vanguard.

If you had a 457(b), that would be another story,
by anonenigma
Mon Jan 30, 2017 9:33 am
Forum: Personal Consumer Issues
Topic: Medigap Insurance questions
Replies: 11
Views: 1360

Re: Medigap Insurance questions

The Medicare Advantage plan seems extremely expensive with high deductible and OOP. I doubt that you'd get much benefit from it at all unless you had a truly terrible year of health. I had my mother and aunt on Medicare F, which covered doctors who did not accept assignment (the MC fee schedule) and...
by anonenigma
Sat Jan 28, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should we buy my parents' house?
Replies: 12
Views: 1560

Re: Should we buy my parents' house?

Capital gains.
by anonenigma
Sat Jan 28, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: TIAA financial advisor?
Replies: 58
Views: 4769

Re: TIAA financial advisor?

The TIAA advisor with whom I met tried to pressure me regarding assets outside of TIAA. I had brought a summary, so that he could understand the full picture, but he insisted that I provide copies of statements. Fat chance! That's pretty standard when meeting with a financial advisor if you want th...
by anonenigma
Fri Jan 27, 2017 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Starting NYS 457(B)-The bigger picture.
Replies: 14
Views: 960

Re: Starting NYS 457(B)-The bigger picture.

That's after your personal exemptions and standard deduction, so you still have some room.

Also, the 25% applies only to the amount above the lower boundary of the bracket.

Check what the stable value funds are paying.
by anonenigma
Thu Jan 26, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed! How to make the best of poor 403(b) options?
Replies: 32
Views: 1937

Re: Overwhelmed! How to make the best of poor 403(b) options?

CalSTRS Pension 2 is the best 403(b) option in California. Administering a 403(b) plan involves costs, and 25 bp is as good as it gets as a plan charge. If you want to do tax deferred saving through work, it costs something. Look at their Easy Choice portfolios to lower costs a little. Thank you fo...
by anonenigma
Wed Jan 25, 2017 2:54 am
Forum: Investing - Help with Personal Investments
Topic: Overwhelmed! How to make the best of poor 403(b) options?
Replies: 32
Views: 1937

Re: Overwhelmed! How to make the best of poor 403(b) options?

CalSTRS Pension 2 is the best 403(b) option in California. Administering a 403(b) plan involves costs, and 25 bp is as good as it gets as a plan charge. If you want to do tax deferred saving through work, it costs something. Look at their Easy Choice portfolios to lower costs a little.

Go to advanced search