Search found 53 matches

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: 2845

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: 2845

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: 2845

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: 2845

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: 2845

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: 2845

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: 145

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: 682

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: 561

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: 10397

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: 561

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: 10397

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: 10397

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.
by doss
Tue Feb 02, 2016 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Friend is an Edward Jones financial advisor -- should I drop him?
Replies: 76
Views: 10397

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

Hello, a family friend of ours was recently laid off at his law firm and now just started working at a local Edward Jones as a financial advisor. He began reaching out to family and friends in order to build up his clientele. My wife and I are in our 20s/30s and recently married with a new house, ba...
by doss
Mon Nov 09, 2015 6:44 am
Forum: Investing - Help with Personal Investments
Topic: Quick question...company ended SEP IRA but now offers 401k..can I max it?
Replies: 1
Views: 229

Quick question...company ended SEP IRA but now offers 401k..can I max it?

Hi all, My company was offering a retirement contribution to a SEP IRA which was 18% of our salary. This was a contribution not taken out of my salary. Unfortunately, good things come to and end and the company stopped that in September 2015. Now, they offer a 401K which I have been contributing to ...
by doss
Mon Aug 03, 2015 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1744

Re: Wife starting a 403b...some questions...

I hope it's OK if I try to bring this thread back on track...does anyone have any suggestions as to what funds to pick from the above items?
by doss
Mon Aug 03, 2015 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Should I go federal government at age 40?
Replies: 15
Views: 2598

Re: Should I go federal government at age 40?

I believe the new hires now pay 4.4% of salary towards their pension, whereas before, they paid 0.8%, and I think there is another number between those two, so there's about 3 steps of payment. It probably should be clarified for the OP that since they unfortunately have only 2.5 year of prior Fede...
by doss
Sat Aug 01, 2015 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Should I go federal government at age 40?
Replies: 15
Views: 2598

Should I go federal government at age 40?

Hi all, I am hoping that those of you with experience working for the federal government can tell me whether my retirement plan is sound. I worked as a federal employee in early 2010 but had to separate due to base closure in late 2012. I have a total of about 2 1/2 years as a federal employee. Sinc...
by doss
Fri Jul 31, 2015 6:27 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Federal Employment
Replies: 86
Views: 10972

Re: Thoughts on Federal Employment

You have access to the TSP for life with a minimum balance of just $200, and the government contribution match is vested for you to keep after 3 years of service. The government contribution technically consists of two different payments: (1) an automatic 1% salary contribution paid regardless of y...
by doss
Thu Jul 30, 2015 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1744

Re: Wife starting a 403b...some questions...

Thanks for the list. (Next time, also include expense ratios, but this will do for now.) Thanks everybody for your posts in this forum. Here are the fees: JH DISCPL VALUE R6 (JDVWX), 0.72% TRP INST LGCAP GRTH (TRLGX), 0.56% VANGUARD INST INDEX (VINIX), 0.04% AB DISC VALUE Z (ABSZX), 0.81% VANG EXT ...
by doss
Thu Jul 30, 2015 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1744

Re: Wife starting a 403b...some questions...

Thanks, all! Still confused about how to work with the Fidelity account. It looks like it has 16 funds of various types. Stupid question...but how would I choose them to make an asset allocation similar to a Target date fund seen at Vanguard? First, check the allocation of the Vanguard target date ...
by doss
Thu Jul 30, 2015 7:00 am
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1744

Re: Wife starting a 403b...some questions...

Noting that she'll only be working for less than half of 2015, the answer depends on whether you want to try to max out her 403b for 2015 or not. Doing so would leave her with no take-home pay. Assuming you do want to get as close to maxing it out as your can: "I hereby authorize my employer ....
by doss
Wed Jul 29, 2015 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1744

Re: Wife starting a 403b...some questions...

When filling out the salary deferral agreement for the 403(b) plan (pre-tax deferral), I am unsure how to answer the following: "I hereby authorize my employer to deduct __________ % of my wages per pay period as regular pre-tax contributions. OR I hereby authorize my employer to deduct $ _____...
by doss
Wed Jul 29, 2015 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1744

Re: Wife starting a 403b...some questions...

Thanks, all!

Still confused about how to work with the Fidelity account. It looks like it has 16 funds of various types. Stupid question...but how would I choose them to make an asset allocation similar to a Target date fund seen at Vanguard?
by doss
Tue Jul 28, 2015 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Wife starting a 403b...some questions...
Replies: 32
Views: 1744

Wife starting a 403b...some questions...

Hi all, we are recently married and my wife is going to start a new teaching job in a few weeks. I was wondering if this forum could help us make some decisions on how to move forward with our retirement finances. Quick stats: Wife, Age: 28, Salary: $37,000 debt: $0 savings: nill Teaching at a paroc...
by doss
Mon Jul 27, 2015 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Job with TSP + pension vs 401k 12% cash match
Replies: 16
Views: 1840

Re: Job with TSP + pension vs 401k 12% cash match

I think the 12% match is awesome. At that rate, it trumps the gov pension. It is much harder to get promotions/salary increases as a fed (I know because I couldn't get past the GS-11 rank as a govie for 2.5 years) , but very easy to jump around as a contractor.
by doss
Sun Jul 26, 2015 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Job with TSP + pension vs 401k 12% cash match
Replies: 16
Views: 1840

Re: Job with TSP + pension vs 401k 12% cash match

There's a saying in the federal workplace..."You don't join the federal government to make money. You join to serve." Depending on the agency you are looking at joining, there may be a minimum 3 years of service required before you can collect a pension and/or medical insurance in retireme...
by doss
Sun Jul 26, 2015 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Unsure how to proceed with retirement options for teaching job
Replies: 3
Views: 481

Unsure how to proceed with retirement options for teaching job

Hi all, My wife is starting employment as a teacher in August 2015 at a non-profit parochial school in the Midwest. She is 28 years old and I am trying to get her started investing early, but am unsure how to proceed with her employer’s retirement benefit because of a couple of personal items. Her r...
by doss
Wed Feb 04, 2015 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover my Vanguard funds into my TSP if separated
Replies: 2
Views: 458

Should I rollover my Vanguard funds into my TSP if separated

Hi all,
I have only 2 years as a fed civilian and have separated since. I have 19k (out of 100k) in a TSP. Since I can't contribute to the TSP anymore, is it worth rolling over my current Vanguard holdings (lifecycle funds) into the TSP just for the low admin costs?
by doss
Wed Jan 14, 2015 7:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help with starting a retirement account for my fiance?
Replies: 13
Views: 1231

Help with starting a retirement account for my fiance?

Hi all, My fiance was told that her employer will not contribute money into her retirement for the year of 2015. Last year it was a measly 1% of her school teacher salary ($34k salary) that was contributed. She just turned 28 and has yet to get started with planning for retirement. It took a while, ...
by doss
Wed Oct 29, 2014 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: No retirement benefit at work - where then should she invest
Replies: 8
Views: 988

No retirement benefit at work - where then should she invest

I'm 35 and personally sock away about $25k/year into a combination of Roth IRA and SEP IRA target retirement funds (I'm in the 28% tax bracket). I've been doing this steadily for 2 years now. Previously, I was only paying about 5k/year into a Roth IRA since age 26. I also was doing 5% matching to a ...
by doss
Fri Jul 04, 2014 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track at age 34?
Replies: 19
Views: 2677

Re: Am I on the right track at age 34?

mickens16 wrote:Have you been contributing to a Roth IRA?


Yes, I do 5500 per year in Roth IRA. That + my employer contribution totals 24k/year. That's all I'm doing for retirement savings. Do you think I should be saving more?
by doss
Fri Jul 04, 2014 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Am I on the right track at age 34?
Replies: 19
Views: 2677

Am I on the right track at age 34?

Hi all, Its been about two years now since I've made any changes to my financial path. I was wondering if I was on the right track for a comfortable retirement at around age 62? Is there anything else I should be doing at this point? Here are my stats: Checking: 70k @ 0.20% interest with Capital One...
by doss
Sat Apr 27, 2013 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1997

Re: Which employer would you pick?

I'm single with no family at age 30, so I'm trying to milk it for all I can right now before I start getting into a management role in the future and my creative skills begin to degrade. Have you had a career discussion with your current boss? Before doing anything, you should give your current emp...
by doss
Fri Apr 26, 2013 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1997

Re: Which employer would you pick?

Go with Company B. If you don't like your current boss, you aren't using your skills and you don't see yourself staying at your current job for very long then it's only a matter of time before you make a change. Might as well make it now when you have a good offer for more money on the table. But a...
by doss
Fri Apr 26, 2013 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1997

Re: Which employer would you pick?

allenneal99 wrote:How long before you are eligible for benefits with Company B? It may take up to a year before you are eligible to contribute to Company B's 401(k), so what will you do in the meantime?


I'm invested 100% on day 1 of the job.
by doss
Fri Apr 26, 2013 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1997

Re: Which employer would you pick?

Did employer B ask your current salary? Did you tell them it was $106K (90K +18% donated to IRA)? Having been a hiring manager, job offers are always pegged as low as possible as the hiring manager thinks will still attract the candidate. He may or may not have some additional flexibility upward. I...
by doss
Fri Apr 26, 2013 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1997

Re: Which employer would you pick?

Interesting. What occurs to me about Company A is why would an employer pay this compensation and benefits, that are almost unheard of from private employers, for an easy job in a high security of employment. Does that mean when someone figures this out -- compensation and benefits will shrink? I a...
by doss
Fri Apr 26, 2013 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1997

Re: Which employer would you pick?

Some additional info: The 401(K) for Company B is kept at Merrill Lynch . - 160 PTO (paid time off) vs 136 PTO from Company B - Company A pays premium for medical insurance, Company B deducts $51.63 per paycheck (26 pay periods per year) - Dental and vision are same for both (free) - 10 paid holiday...
by doss
Fri Apr 26, 2013 6:34 am
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1997

Re: Which employer would you pick?

Company A = $90,000 * 1.18 = $106,200 Company B = $110,000 * 1.04 = $114,400 I would imagine that non-tangible, non-financial factors may dwarf this $8200 difference. Thank you for making that clear for me. That's what I needed to see. Of course the non-financial factors will play a huge factor in ...
by doss
Thu Apr 25, 2013 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Which employer would you pick?
Replies: 29
Views: 1997

Which employer would you pick?

My employer (Company A) currently contributes 18% of my $90,000 salary (not withdrawn from my paycheck-- it's paid by employer !) to a SEP-IRA. I also have a ROTH IRA that I personally contribute the max to. However, I just got a job offer with another company (Company B) for $110,000 at this same l...
by doss
Sat Mar 30, 2013 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: SEP IRA
Replies: 6
Views: 733

Re: SEP IRA

You can contribute up to 25% to the SEP IRA, but does anyone know if that means 25% of your business income or your salary (even if it's not from your business)?
by doss
Sat Mar 30, 2013 10:35 am
Forum: Investing - Help with Personal Investments
Topic: I maxed my IRA, now what should I invest in at age 32?
Replies: 5
Views: 599

I maxed my IRA, now what should I invest in at age 32?

Hi all, I'm 32 and have been contributing to my IRA since age 26, although I only maxed it out 3 times -- in 2009, 2012, and 2013. I did also have a TSP for 2 years and was able to contribute to that, but only a few thousand. I know...stupid me should've maxed that out, but I was young and naive and...
by doss
Sun Mar 24, 2013 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Should I buy my first home or max out my SEP IRA?
Replies: 7
Views: 966

Re: Should I buy my first home or max out my SEP IRA?

Recently, my employer made a contribution to my SEP IRA in the amount of $4908 on 1/31/13 (my company's first since I started this job). Today, I was looking at making a personal contribution to that SEP IRA and noticed I could only contribute $1000 for 2012. As far as I know, I had never made a per...
by doss
Sat Mar 23, 2013 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy my first home or max out my SEP IRA?
Replies: 7
Views: 966

Re: Should I buy my first home or max out my SEP IRA?

Sorry, does anyone know the answer to question item #1?
by doss
Sat Mar 23, 2013 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy my first home or max out my SEP IRA?
Replies: 7
Views: 966

Should I buy my first home or max out my SEP IRA?

HI all, I'm 32, single, and just started a new job (in the Fall of 2012) with an employer that contributes to a SEP IRA based on 18% of my salary (not deducted from my salary). I make a tad under 6 figures. Questions: 1.) Am I correct in understanding that the annual contribution limit is 25%? If so...
by doss
Sun Sep 16, 2012 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Confused about my company's SEP-IRA..
Replies: 6
Views: 748

Re: Confused about my company's SEP-IRA..

I just realized that my taxes will be 30k this year if I don't decrease my taxable income. So, should I match my company's contribution to a SEP IRA? I also plan to start home construction sometime next year and I'd like to be able to withdraw some money from that IRA. Mostly concerned about decreas...
by doss
Tue Sep 11, 2012 12:09 am
Forum: Investing - Help with Personal Investments
Topic: Confused about my company's SEP-IRA..
Replies: 6
Views: 748

Re: Confused about my company's SEP-IRA..

Oh. So I need to set up a traditional IRA? I can't use my Roth IRA I already have with Vanguard?
by doss
Mon Sep 10, 2012 9:02 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about my company's SEP-IRA..
Replies: 6
Views: 748

Confused about my company's SEP-IRA..

Hi all, I just got out of a 2 year stint with the government as a federal employee and now I just got signed on as a contractor. I still have my TSP account. My new employer is offering a retirement plan with an SEP-IRA that contributes 18% of my salary into an "employee selected IRA". I a...

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