Search found 90 matches

by doss
Sat Jul 22, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: When doing retirement planning, do you count your spouse's savings?
Replies: 28
Views: 2161

When doing retirement planning, do you count your spouse's savings?

Here's a newbie question.... When doing retirement income planning (I'm 37) , do I also add my wife's retirement savings to my calculations ? Do I plan retirement in terms of a couple or a single person ? In other words, right now I make 150k/yr but I think my wife and I can live off of 60-70% of th...
by doss
Thu Jul 20, 2017 7:38 am
Forum: Investing - Help with Personal Investments
Topic: What to do after 401k and IRA max? Not found in wiki?
Replies: 12
Views: 711

Re: What to do after 401k and IRA max? Not found in wiki?

If you have an HSA available, that is also a tax-deferred savings vehicle. First, nice profile pic...stearman? Used to own a J3 ..fixed it up and sold it for profit--in my case, it was a good investment because I used it to learn to fly AND made some money back:) My company does offer an HSA, but I...
by doss
Thu Jul 20, 2017 7:10 am
Forum: Investing - Help with Personal Investments
Topic: What to do after 401k and IRA max? Not found in wiki?
Replies: 12
Views: 711

Re: What to do after 401k and IRA max? Not found in wiki?

Thanks for the links! For step #6: Contribute to a taxable investing account or use the backdoor Roth technique Are there recommendations as to what kind of taxable investing account one should aim for? REITs? Simple index fund? P.S> I noticed that a 529 college fund is not in the list (however, HSA...
by doss
Thu Jul 20, 2017 6:14 am
Forum: Investing - Help with Personal Investments
Topic: What to do after 401k and IRA max? Not found in wiki?
Replies: 12
Views: 711

What to do after 401k and IRA max? Not found in wiki?

Forgive me, but I can't seem to find any information in the Bogleheads wiki about what steps to take after one has maxed out their 401k and IRAs. Is there information about this path in the wiki somewhere?

Thank you.
by doss
Tue Jul 18, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: My side biz brings in about 5k a year -- worth to keep for SEP IRA?
Replies: 1
Views: 364

My side biz brings in about 5k a year -- worth to keep for SEP IRA?

I have a full time job with a salary of 146k/year where I am able to max my 401k and Roth. I also have a side biz that only brings in about 5k a year with a yearly biz expense of about $620. My motivation to work on my side biz comes and goes..with flashes of enthusiasm here and there. I am married ...
by doss
Fri Jun 16, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Should I be doing a HSA or HRA?
Replies: 1
Views: 256

Should I be doing a HSA or HRA?

How do I figure out whether I should be contributing to an HSA or using my employer's HRA? Age: 37 Income: $146000 (employer 401k match of 7%) Married with a 1 year old. My wife is a stay at home mom, but plans to return to workforce in a few years.She is about 7 years younger than me, so I will pro...
by doss
Thu Jun 15, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: 401k contribution match - 50% at 8% or 100% at 6%?
Replies: 10
Views: 975

Re: 401k contribution match - 50% at 8% or 100% at 6%?

Yes, "withholdings" is employee contribution.

So, Company A is clear now as the 'winner". Thank you.
by doss
Thu Jun 15, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: 401k contribution match - 50% at 8% or 100% at 6%?
Replies: 10
Views: 975

401k contribution match - 50% at 8% or 100% at 6%?

Can someone help me understand which of the two retirement benefits are better? Assume salary for both employers is $145,000 and that broker fees are the same between both. Company A: - Company match is 100% of withholdings up to 6% with an additional 1% (profit share). Company B: - Company will mat...
by doss
Tue Jun 13, 2017 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Advance career or take more time off in late 30s?
Replies: 15
Views: 1816

Re: Advance career or take more time off in late 30s?

Hello everyone, thank you for taking the time to provide some advice and guidance.

I have decided to stay with my current employer.
by doss
Mon Jun 12, 2017 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Advance career or take more time off in late 30s?
Replies: 15
Views: 1816

Advance career or take more time off in late 30s?

Hello, I am a contracted software developer living in the Midwest and at a crossroads between accepting a new job with a new employer or staying with my current employer. I am unsure what to do and I am hoping the folks on this board can help me decide by removing the emotion from my decision, and o...
by doss
Fri Jun 09, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: (Very) Early Retirement vs Parenthood
Replies: 74
Views: 4532

Re: (Very) Early Retirement vs Parenthood

Almost everyone in the history of mankind has had children. I mean, if they can do it, so can you. But, you have a set of circumstances that not many have had -- a solid foundation and positive environment to raise a child. Be there for them and make sure that they realize they have something to con...
by doss
Thu Jun 08, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Any tips on creating a budget for a SAHM ?
Replies: 24
Views: 1875

Re: Any tips on creating a budget for a SAHM ?

Yes, excellent points, thanks a bunch!
by doss
Thu Jun 08, 2017 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Home purchase budget advice
Replies: 20
Views: 1548

Re: Home purchase budget advice

How do you have so much saved with an income of 140k? That's amazing. Yea, that is great! I dont make quite that income and don't even have half the amount you saved-- and I've been saving since I was 26 (though not fully maxing out since I was 33 (I'm 37 now)). Good job, you are obviously doing so...
by doss
Thu Jun 08, 2017 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance advice when leaving a job
Replies: 8
Views: 927

Re: Health insurance advice when leaving a job

I was reading my employer's handbook and it stated that I'll be able keep the company medical insurance for over 18 months after voluntary separation.

I'm not sure if that's normal, but check with your current employer to see what options you have.
by doss
Thu Jun 08, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Any tips on creating a budget for a SAHM ?
Replies: 24
Views: 1875

Any tips on creating a budget for a SAHM ?

Hello, I my wife stays at home and we have a 1yr old. I am looking for advice on how to manage a budget for my wife to use for spending (clothes for kid, gifts, food, stuff for herself, etc). Currently, it's unchecked and I'm seeing more and more purchases on the bank statement lately 8-) . It's tou...
by doss
Wed Jun 07, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Higher salary, but lower employer 401k match...still OK?
Replies: 34
Views: 2227

Re: Higher salary, but lower employer 401k match...still OK?

remomnyc wrote:Where would you rather work?


I have a lot of vacation time saved up,whereas, at my new employer I'd have to start over.
by doss
Wed Jun 07, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Higher salary, but lower employer 401k match...still OK?
Replies: 34
Views: 2227

Re: Higher salary, but lower employer 401k match...still OK?

Principal has a LargeCap S&P 500 index fund with expense ratio of 0.41% . Bonds are 0.37%. Target/Lifecylce are 0.97%.
by doss
Wed Jun 07, 2017 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Higher salary, but lower employer 401k match...still OK?
Replies: 34
Views: 2227

Re: Higher salary, but lower employer 401k match...still OK?

So now I got it down to the following: Company A (current employer): - 146k salary, 7% match (it's actually 6% but with a 1% profit share at end of year) --expense ratios seem to be: Management fee: 0%; Misc. Fee: 0.16% Company B (possible new employer): - 145k salary, 4% match (with Principal Finan...
by doss
Mon Jun 05, 2017 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Higher salary, but lower employer 401k match...still OK?
Replies: 34
Views: 2227

Re: Higher salary, but lower employer 401k match...still OK?

ten2go wrote:I'd ignore the money and go with the job/company you think you'd enjoy more. Financially a few thousand dollars either way doesn't matter that much.


Yea, I still have that on the back of my mind for now. Have a few more hours to think it over.
by doss
Mon Jun 05, 2017 8:19 am
Forum: Investing - Help with Personal Investments
Topic: Higher salary, but lower employer 401k match...still OK?
Replies: 34
Views: 2227

Re: Higher salary, but lower employer 401k match...still OK?

So, I let my employer know today that I was going to sign an offer to work for another comany...and my current employer said they were able to match! Now I'll be able to keep all my vacation time, the lower insurance rates, and the generous 6% match on the 140k. I totally forgot that I pay a city ta...
by doss
Sun Jun 04, 2017 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Higher salary, but lower employer 401k match...still OK?
Replies: 34
Views: 2227

Re: Higher salary, but lower employer 401k match...still OK?

Immediately vested, so no worries there. Medical insurance is slightly higher with this new company and it looks like I'll have to pay for dental and vision, too (not so with current employer). Btw, I made a mistake with my current employer last year...I contributed the max to my 401k and still had ...
by doss
Sun Jun 04, 2017 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Higher salary, but lower employer 401k match...still OK?
Replies: 34
Views: 2227

Re: Higher salary, but lower employer 401k match...still OK?

Ha! Ha! Principal is known for some very high fee 401(k)s. Search the forum. The good news is that you will start out with $0.00 in your new 401(k) and have a low dollar amount for many years, so the absolute value of the money spent on fees will be low while you work to improve your new employer's...
by doss
Sun Jun 04, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Higher salary, but lower employer 401k match...still OK?
Replies: 34
Views: 2227

Re: Higher salary, but lower employer 401k match...still OK?

The employer 401k is with PRINCIPAL.COM. I have no idea what the fees are. I should probably check? I am hoping they have some kind of target retirement account like Vanguard's Target Funds. Will my new employer be able to provide the fees information for me or is that something that is normally giv...
by doss
Sun Jun 04, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Higher salary, but lower employer 401k match...still OK?
Replies: 34
Views: 2227

Higher salary, but lower employer 401k match...still OK?

I am looking at taking a job with a higher salary, but lower employer contribution to my 401k. Currently, I am making $127,238 with an employer retirement contribution match of 6%. My salary at the new job is $141,100 with an employer match of 4%. Am I still coming out ahead with the higher salary, ...
by doss
Mon Mar 27, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 47
Views: 4744

Re: Federal pension beats high salary and savings rate? (fed vs contractor for employment)

I have retired from a Federal government job where I have interacted with both government employees and contractors. I strongly recommend that you don't reduce your decision to the arithmetic of respective salaries and benefits, and consider the big picture: - A Federal employee, by law, has a limi...
by doss
Mon Mar 27, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 47
Views: 4744

Re: Federal pension beats high salary and savings rate? (fed vs contractor for employment)

Are you expecting 80% of your salary as a pension? Under FERS you should expect a maximum of about 1/3 of your income as a pension. 80% is the number I put in the retirement income calculator for the following question: "I’ll need X% of my current income in retirement." Then, the calculat...
by doss
Mon Mar 27, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 47
Views: 4744

Re: Federal pension beats high salary and savings rate? (fed vs contractor for employment)

You seem to have taken the lower fed job savings rate into account to a degree in your calculations, although not the added 4+% FERS contribution. But using income replacement rates is of limited benefit. Better to do a rough estimate of your retirement expenses, and figure out how much you'll need...
by doss
Mon Mar 27, 2017 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 47
Views: 4744

Re: Federal pension beats high salary and savings rate? (fed vs contractor for employment)

forgot to include....I currently get 6% match from current company (who knows how long that will last).
by doss
Mon Mar 27, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 47
Views: 4744

Re: Federal pension beats high salary and savings rate? (fed vs contractor for employment)

fishmonger wrote:
Sidenote, you have an $800k mortgage at gross income of $130k?


800k? No, i meant I only pay 800/month for my house (30 year mortgage).
by doss
Mon Mar 27, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 47
Views: 4744

Federal pension beats high salary and savings rate? (fed vs contractor for employment)

Hello, I am a defense contractor looking for advice/consensus from this forum on whether I should leave the contracting world and cross over as a federal government employee. I realize that there is a consensus from this board to secure a federal gov position, but I think my situation may be a littl...
by doss
Sun Jan 15, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Full tuition assistance vs pension -- what should I do?
Replies: 2
Views: 341

Full tuition assistance vs pension -- what should I do?

I am looking at possibly applying for a job that offers the following benefit: Employer A: 100% paid college tuition for family (self, spouse, depenedents) if they attend the college that I would be employed at (very good and well known college). If family decides to go to a college of choice, emplo...
by doss
Fri Dec 23, 2016 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Working for the Federal Reserve - how does their pension differ from regular FERS?
Replies: 3
Views: 540

Re: Working for the Federal Reserve - how does their pension differ from regular FERS?

This explains the forumula. It is from several years ago and I do not know if the formula has changed since then: https://www.minneapolisfed.org/publications/fedgazette/and-how-about-your-pension-sir By the way, Congress participates in the same pension plan that other Federal employees participate...
by doss
Fri Dec 23, 2016 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Working for the Federal Reserve - how does their pension differ from regular FERS?
Replies: 3
Views: 540

Working for the Federal Reserve - how does their pension differ from regular FERS?

We all know that the federal government offers a nice retirement plan for its employees, but I understand that a few agencies offer a plan that is better than the default such as those available to members of Congress, Air Traffic Controllers, etc. Specifically, I was wondering if anyone knew the fo...
by doss
Mon Sep 19, 2016 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Where's the error in my 401k plan?
Replies: 10
Views: 1043

Re: Where's the error in my 401k plan?

Based on the above they matched 6% of ~$74,502.00. Do you have your earlier paystubs (or can you look them up online)? When did you hit $18K of contributions and what was your YTD salary? It should be pretty close to $74.5K. I agree with cmublitz and this that they stopped matching because you hit ...
by doss
Mon Sep 19, 2016 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Where's the error in my 401k plan?
Replies: 10
Views: 1043

Re: Where's the error in my 401k plan?

When did you cap out your $18K employee side of the 401k? Some companies stop "matching" when there isn't any more employee side contribution. Some "true up" at the end of the year and some don't. Maybe you were done contributing some time in July, so the employer-side match sto...
by doss
Mon Sep 19, 2016 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Where's the error in my 401k plan?
Replies: 10
Views: 1043

Re: Where's the error in my 401k plan?

I made some tweaks to the above post.
by doss
Mon Sep 19, 2016 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Where's the error in my 401k plan?
Replies: 10
Views: 1043

Where's the error in my 401k plan?

I am suspicious about my 401k plan and think there may be an error somewhere in how my company contributes to it. But, more than likely, it's probably an error in my thinking and I hope you guys can shed some light on it. My salary is 124k and I've already contributed 18k to my 401k plan. My company...
by doss
Wed Aug 24, 2016 5:42 am
Forum: Personal Finance (Not Investing)
Topic: US Gov vs federal contractor - medical benefits in retirement?
Replies: 35
Views: 3556

Re: US Gov vs federal contractor - medical benefits in retirement?

I wonder if it's possible for some agencies to keep the older FERS for new hires (FERS-RAE)? The job ads for my agency all say FERS-RAE, but I am going to ask HD tomorrow to be sure. You should ask to be sure. But I doubt it. What if I sign a job offer with this version of FERS and then find out th...
by doss
Sun Aug 21, 2016 8:24 am
Forum: Personal Finance (Not Investing)
Topic: US Gov vs federal contractor - medical benefits in retirement?
Replies: 35
Views: 3556

Re: US Gov vs federal contractor - medical benefits in retirement?

The agency may be FERS-RAE, but new hires? http://www.fedsmith.com/2014/04/07/fers-fers-rae-fers-frae-what-does-all-this-mean/ FERS-FRAE Employees first hired on/after 1/1/2014 (Or rehired after that date with less than 5 years creditable or potentially creditable service under FERS) I wonder if it...
by doss
Sat Aug 20, 2016 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: US Gov vs federal contractor - medical benefits in retirement?
Replies: 35
Views: 3556

Re: US Gov vs federal contractor - medical benefits in retirement?

It looks like the key is the FERS computation which is a defined pension at 30% of your salary in retirement. .01 x "high 3 average salary" x years of service . So, assuming my situation: .01 x "135000 assumption of high 3 average salary" x 20yrs of service = $27,000/yr pension T...
by doss
Fri Aug 19, 2016 6:12 am
Forum: Personal Finance (Not Investing)
Topic: US Gov vs federal contractor - medical benefits in retirement?
Replies: 35
Views: 3556

Re: US Gov vs federal contractor - medical benefits in retirement?

Well, the military upped their enlistment age to 39, so I still have some time :sharebeer But that would be a huge paycut. So, yea, looks like 4.4% due to the new FERs structure. That sucks. What's the point, then? That's like paying 4% in broker fees, if you think about it. Since I was RIFed and di...
by doss
Sun Aug 14, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: US Gov vs federal contractor - medical benefits in retirement?
Replies: 35
Views: 3556

Re: US Gov vs federal contractor - medical benefits in retirement?

My guess is that he's actually low to mid 100's but I could be wrong. I'm sorry, I was not clear. :oops: It is 130k salary, not 400-600k! Does this change the game or is it still recommended to try and go govie for the health insurance ? I can put in 20 years and be eligible for the Defined Benefit...
by doss
Sun Aug 14, 2016 7:13 am
Forum: Personal Finance (Not Investing)
Topic: US Gov vs federal contractor - medical benefits in retirement?
Replies: 35
Views: 3556

US Gov vs federal contractor - medical benefits in retirement?

I am a contracted 35 year-old programmer working for Uncle Sam with a security clearance making low-to-mid six figures in a low cost of living area of the country at a major gov agency. I am on the fence as to whether I should become a government employee for the retirement benefits. Job stability i...
by doss
Tue Jul 26, 2016 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Employer switched from SEPIRA to a different 401k plan..but can I still contribute to my old SEPIRA?
Replies: 1
Views: 194

Employer switched from SEPIRA to a different 401k plan..but can I still contribute to my old SEPIRA?

I had a SEP-IRA that my employer was contributing to until September 2015, in which my employer switched to a traditional 401k plan. I just finished maxing out this 401k and now am looking at contributing to an IRA for 2016. When I logged into Vanguard.com, I saw that I could contribute the 5500 to ...
by doss
Wed Apr 13, 2016 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: What happens if I accidently contribute more than $5500 to my 2016 Roth IRA?
Replies: 2
Views: 718

What happens if I accidently contribute more than $5500 to my 2016 Roth IRA?

An embarrassing newbie question.....but I noticed I accidently contributed more than $5500 to my 2016 Roth IRA. What happens? Am I able to withdraw the excess and put it elsewhere? Does this count as a penalty? Btw, I don't recommend anyone use Voya Retirement Services. Their website is very confusi...
by doss
Sat Apr 09, 2016 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: College 529 vs Roth IRA for college? Possible issue of going Roth route...
Replies: 7
Views: 720

Re: College 529 vs Roth IRA for college? Possible issue of going Roth route...

1) Withdrawal of the contribution to the Roth IRA does not count as income. You had paid tax on that money. OK, thanks. 2) Will you be 59 1/2 or older when you withdraw the earning / growth of the Roth IRA? I'm 36 now. 3) Have you contribute to the max for your Trad. 401K? What is your marginal tax...
by doss
Sat Apr 09, 2016 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Friend is an Edward Jones financial advisor -- should I drop him?
Replies: 76
Views: 11326

Re: Friend is an Edward Jones financial advisor -- should I drop him?

Turns out the guy was fired. He couldn't get enough clients. Feel bad for him, but I could not sign up due to all the crazy fees.
by doss
Sat Apr 09, 2016 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: College 529 vs Roth IRA for college? Possible issue of going Roth route...
Replies: 7
Views: 720

College 529 vs Roth IRA for college? Possible issue of going Roth route...

Hi all, We just had a baby a few weeks ago and now I am thinking about somehow funding for child's college via 529 plan. However, I started reading here and elsewhere that funding a ROTH IRA may be a better way to go. I like this idea because of the flexibility it offers (what if child joins militar...
by doss
Tue Feb 02, 2016 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Friend is an Edward Jones financial advisor -- should I drop him?
Replies: 76
Views: 11326

Re: Friend is an Edward Jones financial advisor -- should I drop him?

Thnks, guys. I knew this was the correct answer...arrghh... :oops:
by doss
Tue Feb 02, 2016 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Friend is an Edward Jones financial advisor -- should I drop him?
Replies: 76
Views: 11326

Re: Friend is an Edward Jones financial advisor -- should I drop him?

supersharpie wrote:Mixing friendship and money generally leads to regret. You don't need advisor; just stick to Bogleheads tenets and manage your own finances.


Yea, as someone whom has been in business with family friends, I learned the hard way.

Go to advanced search