Search found 36 matches

by dodgersummer
Thu May 04, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: 457K fees too high?
Replies: 12
Views: 923

Re: 457K fees too high?

I have a government 457K plan through ICMA and saw that their expense for my account averages to 1.245 percent. Are there any fund choices in the the 457 with lower expenses? If so, could you list the 3 or 4 with the lowest expense ratios? Often when we ask we can point to something that can be tol...
by dodgersummer
Thu May 04, 2017 2:17 pm
Forum: Investing - Theory, News & General
Topic: ICMA [International City/County Management Association]
Replies: 10
Views: 780

Re: ICMA [International City/County Management Association]

We have built a 3 fund portfolio of Broad Mrkt Idx, Core Bond Idx and Overseas Equity Idx. ER is .19, .19, and .29 respectively. Are those funds available to you and what is their ER? Right now my asset break down is as follows: VT PLUS 3.9% (1.36% expense) VT Vantagepoint Cor Bnd Idx 3.9% (1% expe...
by dodgersummer
Thu May 04, 2017 2:03 pm
Forum: Investing - Theory, News & General
Topic: 457K fees too high?
Replies: 12
Views: 923

Re: 457K fees too high?

The wiki does some calculations and concludes that retirement plans make sense as long as the expenses are less than 1.7%. m) "Even in a bad 401(k), you should contribute up to the company match." My 457K offers no match whatsoever. Does is still make sense for me to contribute with no co...
by dodgersummer
Thu May 04, 2017 1:29 pm
Forum: Investing - Theory, News & General
Topic: 457K fees too high?
Replies: 12
Views: 923

457K fees too high?

I have a government 457K plan through ICMA and saw that their expense for my account averages to 1.245 percent. This seems very high compared to my Vanguard Roth IRA Target date fund that I contribute $200/month. I like contributing some to the 457K plan due to the tax breaks, but I do not know if i...
by dodgersummer
Thu May 04, 2017 1:05 pm
Forum: Investing - Theory, News & General
Topic: ICMA [International City/County Management Association]
Replies: 10
Views: 780

Re: ICMA [International City/County Management Association]

On our "Account Access Page" I click on "View My Balances & Holdings". I then click on one of our fund names that is displayed there and it brings up a page that provides in-depth detail on the fund. Then click on the tab "Performance & Expenses" to view the Ex...
by dodgersummer
Thu May 04, 2017 7:26 am
Forum: Investing - Theory, News & General
Topic: ICMA [International City/County Management Association]
Replies: 10
Views: 780

Re: ICMA [International City/County Management Association]

Silk McCue wrote:If your account access is at icmarc.org (ours is) I can see the expense ratios on each fund invested in. Do you have similar access.


Yes. Where do you see it on the site?
by dodgersummer
Wed May 03, 2017 9:33 am
Forum: Investing - Theory, News & General
Topic: ICMA [International City/County Management Association]
Replies: 10
Views: 780

ICMA [International City/County Management Association]

I'm a gov't employee whose 457K option is ICMA. After reading BH forum, I called them to find out what fees I am paying for my 457K account. They said that a fee is charged for each fund in my portfolio and the fee charges at the close of each day. I asked what the fee range scale varies from and th...
by dodgersummer
Sun Apr 09, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: BH thoughts on car insurance
Replies: 32
Views: 2468

BH thoughts on car insurance

I'm shopping around for car insurance and wanted to know if anybody has any recommendations. I currently have Farmers. I purchased my car (2000 Camry) for $6,000 all cash. It's a cheap car that gives good gas mileage (4 cylinder). Am I better off going with the cheapest insurance company I can find?
by dodgersummer
Wed Feb 22, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on Time shares
Replies: 123
Views: 9941

BH thoughts on Time shares

I know very little about time shares, but see ads for them in Las Vegas. Are these good to attend for "free" tickets to shows and to buy or are they ripoffs?
by dodgersummer
Wed Feb 15, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on money gurus
Replies: 26
Views: 2858

Re: BH thoughts on money gurus

Abe wrote:I think they all offer some good advice and some not so good advice. I think a lot of the people they are advising are not very knowledgeable. This especially applies to Orman and Ramsey.


Are any of them worse than others when it comes to advice?
by dodgersummer
Wed Feb 15, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on money gurus
Replies: 26
Views: 2858

BH thoughts on money gurus

What do BH think of money guru's such as Clark Howard, Suze Orman, Dave Ramsey and Ric Edelman? Are any of them worthwhile to listen to for advice or are they all just self promoting marketers looking out for only themselves?
by dodgersummer
Tue Feb 14, 2017 10:32 am
Forum: Investing - Theory, News & General
Topic: Where should i put my Roth IRA?
Replies: 2
Views: 361

Where should i put my Roth IRA?

I'm 32 years old and just pulled out the $7k in my Roth IRA I had at ICMA-RC and switched it over to Vanguard. Should I put this money in a target date retirement fund Roth IRA, a 3 fund portfolio Roth IRA, or something else? Here is a financial picture for me: -32 years old with a 5 year old kid -E...
by dodgersummer
Tue Feb 14, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Credit cards vs. Cash
Replies: 123
Views: 8743

Credit cards vs. Cash

I buy almost everything with credit cards (and pay them off in full weekly) due to rewards. Several finance articles I've read say that paying with cash makes people spend a lot less money and hence save a lot more. Do most BH use cash for purchases or credit cards?
by dodgersummer
Tue Feb 14, 2017 9:36 am
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

Re: BH thoughts on housing crash

Several Realtor's told me that they expect a housing market crash by 2020. Becoming an realtor does not automatically make you an expert on predicting economic and housing cycles. If you're a competent agent, then you're good at a few things such as evaluating the price of a house, staging, negotia...
by dodgersummer
Mon Feb 13, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

Re: BH thoughts on housing crash

I do think at some point they will come down. I don't know when but I just was looking for BH feedback on the topic to see if real estate mindset is the same "stay the course" method as stocks. I did find it funny when several realtor's mentioned a "crash" after I told them I al...
by dodgersummer
Mon Feb 13, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

Re: BH thoughts on housing crash

Several Realtor's told me that they expect a housing market crash by 2020. You realize that a realtor is a... sales person? You realize that this statement is a ... sales method? Incite fear, get people to buy and sell now, pretty common stuff. Did you ask for any real facts or did they state any? ...
by dodgersummer
Mon Feb 13, 2017 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

Re: BH thoughts on housing crash

Example of 1. Take with salt: We have good family friends, now with one adult kid and one about to enter college. They kept their kids in private schools from K - College They sold the one house they owned to live in rented houses in 'better' neighborhoods, all so their kids would have a 'better li...
by dodgersummer
Mon Feb 13, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

Re: BH thoughts on housing crash

Several Realtor's told me that they expect a housing market crash by 2020. You realize that a realtor is a... sales person? You realize that this statement is a ... sales method? Incite fear, get people to buy and sell now, pretty common stuff. Did you ask for any real facts or did they state any? ...
by dodgersummer
Mon Feb 13, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

Re: BH thoughts on housing crash

Wanting to raise a 5 YO in a good neighborhood is very understandable. Nothing wrong with aspiring to 'move up', to want to live in a place where you feel more comfortable and secure. But don't play the 'keeping up with the Jones' game. There are always people who are 'better off', live in 'nicer' ...
by dodgersummer
Mon Feb 13, 2017 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

Re: BH thoughts on housing crash

Wanting to raise a 5 YO in a good neighborhood is very understandable. Nothing wrong with aspiring to 'move up', to want to live in a place where you feel more comfortable and secure. But don't play the 'keeping up with the Jones' game. There are always people who are 'better off', live in 'nicer' ...
by dodgersummer
Mon Feb 13, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

Re: BH thoughts on housing crash

greg24 wrote:Your best course of action is likely to stay right where you are.


For how long?
by dodgersummer
Mon Feb 13, 2017 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

Re: BH thoughts on housing crash

My loan Officer lists my house worth about $410k and I owe about $250k, so I have about $150k equity. Would it be foolish to move after only four years still? There is no rationale for a heuristic for how long one should be in a home before selling. Look at the alternatives and make the decision th...
by dodgersummer
Mon Feb 13, 2017 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

Re: BH thoughts on housing crash

Curious that a realtor would be talking out of their hat about a crash. Usually they are talking out of their hat about prices going inexorably upwards. Couple of comments.... 1) First and foremost, your home is where you live. It may be one's biggest asset, but it is not an investment. If where yo...
by dodgersummer
Mon Feb 13, 2017 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

Re: BH thoughts on housing crash

When would you pull the trigger and buy another house so that you are not throwing away your money on rent? In California, it is often cheaper to rent than buy, so you are actually throwing away money by buying rather than renting. Of course, that doesn't mean you shouldn't buy - there are non-fina...
by dodgersummer
Mon Feb 13, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

Re: BH thoughts on housing crash

I wouldn't give any merit to the idea timing a market crash. Make your personal residence decisions, independent of such chatter and speculation. If you want to move, can afford to move, then move. My loan Officer lists my house worth about $410k and I owe about $250k, so I have about $150k equity....
by dodgersummer
Mon Feb 13, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: BH thoughts on housing crash
Replies: 60
Views: 3845

BH thoughts on housing crash

I Live in San Bernardino, Ca and was looking at open houses yesterday. Several Realtor's told me that they expect a housing market crash by 2020. I purchased my home about 4 years ago for $310,000 with a 30 year, 3.5% fixed rate. I owe about $250,000 on the home. My mortgage (with escrow and propert...
by dodgersummer
Thu Jan 12, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Best Vangaurd Roth IRA?
Replies: 8
Views: 1127

Re: Best Vangaurd Roth IRA?

You can set it up as a "brokerage" account and then invest in literally any exchange traded fund (ETF), Vanguard or otherwise. At 32 years old, I would just start out with about 90% VTI (total stock index) and 10% BND (bond index), but plan on adjusting the allocation toward bonds as you ...
by dodgersummer
Thu Jan 12, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Best Vangaurd Roth IRA?
Replies: 8
Views: 1127

Re: Best Vangaurd Roth IRA?

I currently working on switching my ICMA roth IRA to a Vanguard roth IRA to decrease the fees and maximize my growth. (Vanguard says this can take up to four weeks to get changed over to them). What is the best thing to invest in for a Vanguard roth IRA? A target date retirement fund? Index funds? ...
by dodgersummer
Thu Jan 12, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 5234

Re: How to build passive income

My wife and I bought a 3 family as our first home (we sold it in 2015). While I would agree that it is not a passive activity, in my experience some here are overstating the amount of time required. The big caveat is to put in the work upfront: buy at the right price, and if you can afford it, buy ...
by dodgersummer
Thu Jan 12, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Best Vangaurd Roth IRA?
Replies: 8
Views: 1127

Best Vangaurd Roth IRA?

I currently working on switching my ICMA roth IRA to a Vanguard roth IRA to decrease the fees and maximize my growth. (Vanguard says this can take up to four weeks to get changed over to them). What is the best thing to invest in for a Vanguard roth IRA? A target date retirement fund? Index funds? I...
by dodgersummer
Thu Jan 12, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 5234

Re: How to build passive income

What is the best way for someone to build passive income with about $30,000 in cash savings that is 32 years old? I want to build wealth instead of getting the 1 percent interest in my saving account. I'm leaning toward a rental property. Is that cash in addition to your Emergency Fund, or is it yo...
by dodgersummer
Tue Jan 10, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 5234

Re: How to build passive income

"I'm curious about this too. Are there other options besides rental properties?"

I'm open to anything that will generate the best passive income for me. My thinking is a rental property but I'm open to any suggestions (stocks, bonds, etc).
by dodgersummer
Tue Jan 10, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 5234

Re: How to build passive income

"If 1% is not good enough, what rate is good for passive? What risk do you want to take and how much access to the money do you need? You can now get over 2% with 5-year CDs." Locking up money for 5 years for only 2% seems like a long time to tie up money that likely will not even keep pac...
by dodgersummer
Tue Jan 10, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 5234

How to build passive income

What is the best way for someone to build passive income with about $30,000 in cash savings that is 32 years old? I want to build wealth instead of getting the 1 percent interest in my saving account. I'm leaning toward a rental property.
by dodgersummer
Tue Jan 10, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: ICMA retirement transfer to Vanguard [457 plan administrator]
Replies: 8
Views: 717

ICMA retirement transfer to Vanguard [457 plan administrator]

I'm a gov't employee with a pension, 457k plan, and roth ira all through ICMA. From reading on here, it seems that switching my roth ira from ICMA to vanguard is the best thing for me. Is this complex to with a roth ira from one company to vanguard? TIA
by dodgersummer
Tue Jan 10, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Best financial move?
Replies: 1
Views: 566

Best financial move?

I'm 32 years old, steady income (without much room for income growth) with a gov't pension. I have a 5 year old son in private school (about $6,000 a year). Wife makes minimal money as a waitress. What is my best financial move for me with the following details: -I have owned my home for almost 4 ye...