Search found 17 matches

by frugalnotenough
Wed Sep 13, 2017 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Customer Service
Replies: 301
Views: 33692

Re: Vanguard Customer Service

[Big sigh] I don't know why I didn't find this thread when I searched about Vangard, but I just opened a Vanguard Roth IRA account, although I already have one with TDAmeritrade. I was thinking that it won't cost me to buy Vanguard's mutual funds. Not only I encountered several problems just to open...
by frugalnotenough
Thu Jul 27, 2017 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: HSA sale of shares and cash disbursement fees?
Replies: 6
Views: 477

Re: HSA sale of shares and cash disbursement fees?

And the quarterly 5 basis points explain the first $2.07 charge. I have $4158.17 in Vangard 500. But why is the fee charged twice? For example, Vangard 500 Index Admiral, Sale of shares, Custodial management fee ($2.07) Vangard 500 Index Admiral, Cash Disbursement, Custodial management fee ($2.07) ...
by frugalnotenough
Thu Jul 27, 2017 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: HSA sale of shares and cash disbursement fees?
Replies: 6
Views: 477

Re: HSA sale of shares and cash disbursement fees?

Thank you very much for providing me the information. That reminds me to look into my files. I found the following passage: "Beginning April 1, 2017, any 12b-1 fees and sub transfer agency fees received during each calendar quarter will be allocated to your investment account prior to the end of eac...
by frugalnotenough
Thu Jul 27, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: HSA sale of shares and cash disbursement fees?
Replies: 6
Views: 477

HSA sale of shares and cash disbursement fees?

I just invested my HSA money this year. I keep $4000 in the regular HSA account, and invest the rest. My employer's default HSA account is with Fifth Third bank. Today I received my quarterly statement, and there are 10 fees along with 5/3's account management fee ($2). For example, Vangard 500 Inde...
by frugalnotenough
Tue Jul 25, 2017 4:27 pm
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 135
Views: 11167

Re: Is Amazon Prime worth it?

I have been a Prime member for several years. When we need something, like a swim cap or a swim google b/c my kid lost or destroy hers on a weekday, and I don't have to drive to a store, pay the retail price, which is typically higher than that on Amazon, and still can get to bed early enough to get...
by frugalnotenough
Tue Jul 25, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Costco Visa foreign transaction fee
Replies: 44
Views: 18411

Re: Costco Visa foreign transaction fee

I used my Costco Visa for domestic flights purchases to earn the cash back. Once I purchased an airline ticket for my mom flying from a foreign country to USA, and although I booked it through my US location and website, the airline charged me of the foreign currency of the departure location. I did...
by frugalnotenough
Sat May 27, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 35
Views: 3454

Re: One time chance to reselect Defined Benefits or Defined Contribution

Since I have and will continue to max out my Roth and start 457, I feel it is more diversified to not put all my savings under the market's mercy. My other savings can help provide a nice cushion when I retire. My biggest fear is that I don't trust whoever is running the pension, so for that I'm ho...
by frugalnotenough
Sat May 27, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 35
Views: 3454

Re: One time chance to reselect Defined Benefits or Defined Contribution

Thank you all so much for your time, information and suggestions. After a lot of thinking, I finally decided to switch to DB. The reasons being that it has a pretty nice disability benefits built in that I'm already qualified for, survivor benefits and a fixed income I can expect once I retire. My h...
by frugalnotenough
Mon May 22, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 35
Views: 3454

Re: One time chance to reselect Defined Benefits or Defined Contribution

Defined Contribution: The employer contributes 14%, employee contributes 13%, but only 9.5% of the employer contribution gets into the member's Defined Contribution account. 4.5% is being used to fund the liabilities of the defined benefits plan. Frugal , you're still missing the point , it's 14%EE...
by frugalnotenough
Sun May 21, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 35
Views: 3454

Re: One time chance to reselect Defined Benefits or Defined Contribution

OP don't know where you revealed that you were in the Ohio STRS as another poster seemed to be aware of but if that's the case I think you meant 14% EE and 9.5% ER , total 23.5% going into a DC account . Yes, I'm in Ohio STRS. You're right about the percentage. I forgot to count this year's increas...
by frugalnotenough
Sun May 21, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 35
Views: 3454

Re: One time chance to reselect Defined Benefits or Defined Contribution

Easy for me. If there have been problems and underfunding possibilities, I would go defined contribution. Better to know it's your money than rely on something you may never get. +1. Certainly sounds like this pension plan is seriously underfunded. It's likely only a matter of time until they take ...
by frugalnotenough
Sun May 21, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 35
Views: 3454

Re: One time chance to reselect Defined Benefits or Defined Contribution

OP, my wife is a teacher in Ohio and she is in the STRS Ohio DB plan. I know it fairly well. With that, I want to point a few things out ... 1) The DB employee contribution is actually 14%, not 13%. It was originally 10% and then the 2012 changes increased it by 1% each year until it hit 14% at the...
by frugalnotenough
Sat May 20, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 35
Views: 3454

Re: One time chance to reselect Defined Benefits or Defined Contribution

bertilak wrote:Does the company provide a counselor/advisor to help make this decision?
Yes, and I have gone to them to ask questions, but found them to be not very helpful. What they shared with me is what I learned from reading the booklets.
by frugalnotenough
Sat May 20, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 35
Views: 3454

Re: One time chance to reselect Defined Benefits or Defined Contribution

My understanding of the disability benefits is not tied to SS. I'm not sure but I think the disability benefit is quite nice. It says "A monthly disability retirement benefit is based on a percentage (limited to 75% and no less than 30%) of a member's FAS. The percentage is determined by multiplying...
by frugalnotenough
Sat May 20, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 35
Views: 3454

Re: One time chance to reselect Defined Benefits or Defined Contribution

You can use a calculator on the social security website to estimate your SS benefits. Even better, you can create an account and see exactly what they have on record for you for SS contributions and, hence, your eventual benefit. This will eliminate one of the unknowns in your considerations. Thank...
by frugalnotenough
Fri May 19, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 35
Views: 3454

Re: One time chance to reselect Defined Benefits or Defined Contribution

A few other questions: - what spousal benefit is available under the DB scheme, and is it something that would be valuable? ie is your partner (if any) be in a situation where a survivor benefit would be useful (due to low income, lack of pension arrangements, ill health or unemployment, etc.) My p...
by frugalnotenough
Fri May 19, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: One time chance to reselect Defined Benefits or Defined Contribution
Replies: 35
Views: 3454

One time chance to reselect Defined Benefits or Defined Contribution

I understand this topic has been discussed in various personal scenarios. I have tried to search for them and read them carefully. My situation is a bit different and would love to get your take on this topic. I'm 44, female, at the start of my current job, I selected the defined contribution plan. ...