Search found 1748 matches

by krow36
Wed May 23, 2018 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in expensive 457 plan?
Replies: 13
Views: 641

Re: Should I invest in expensive 457 plan?

Is the 457b plan a government or non-government plan? It makes a big difference. I'm embarrassed, I don't know. I guess a government plan as Calpers is for public education employees? I am through STRS as a faculty person, but I am eligible for the Calpers plan. What is the difference between gover...
by krow36
Wed May 23, 2018 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest in expensive 457 plan?
Replies: 13
Views: 641

Re: Should I invest in expensive 457 plan?

I don’t think you should consider the CalSTRS Pension2 457 plan too expensive. https://www.calstrs.com/sites/main/files/file-attachments/p2_fee.pdf VG TSM, ER 0.02% VG Developed Mkts, ER 0.07% VG Emerging Mkts, ER 0.11% VG TBM, ER 0.5% There is an added fee of 0.25% but the funds’ total fee is proba...
by krow36
Tue May 22, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Needing Help For Mom
Replies: 18
Views: 733

Re: Newbie Needing Help For Mom

After doing some reading on SEP-IRAs and Simple IRAs, it looks like the employer (My Mom) has to match her individual contribution percentage, to all of her eligible employees which would be about 2-4 employees. I don't think she would want to match her employees if she's looking to funnel in a lum...
by krow36
Tue May 22, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire? Input and advice is welcome!
Replies: 29
Views: 3602

Re: Can I retire? Input and advice is welcome!

Questions 1. In my financial situation, would you feel comfortable leaving your job and retiring? 2. If no, please explain why. 3. Do you see any pitfalls or holes? 4. Can you give any advice or shoring up my finances? 1. We did something similar 36 years ago. It worked out great--no regrets. We ca...
by krow36
Tue May 22, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: 36 yr old BH Newbie with substantial savings- Help!!!
Replies: 66
Views: 8542

Re: 36 yr old BH Newbie with substantial savings- Help!!!

Have you looked at this comparison of the Pension Plan and the Investment Plan? https://www.myfrs.com/FRSPro_ComparePlan_Decision.htm At the bottom there’s this statement: “*According to FRS historical statistics, less than 20% of newly hired employees and 50% of those with over 10 years of service ...
by krow36
Tue May 22, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA
Replies: 30
Views: 1567

Re: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA

OP, for you to make an informed decision re those 403b options, you must have at least a reasonably good understanding of what they are. Perhaps I'm wrong but, at this point, it seems that you do not know enough about them. A good place to start would be the individual/office within your employing ...
by krow36
Tue May 22, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA
Replies: 30
Views: 1567

Re: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA

I haven't paid into Social Security, Just a little summer work each year would make you qualify. It takes 40 quarters of paying SS tax, for quarters with earnings above a hurdle of about $1300. A teacher relative of mine did that, fortunately. In retirement he and his wife, also a teacher, worried ...
by krow36
Mon May 21, 2018 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA
Replies: 30
Views: 1567

Re: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA

Thanks, that's very helpful so I can share it with people when they ask me. I just hate to see people being taken advantage of. Now I just need to figure out if it's better in my situation for me to contribute to the 403(b) or the IRA. Seems like a lot of mixed opinions. But I feel really good abou...
by krow36
Mon May 21, 2018 10:41 pm
Forum: Investing - Help with Personal Investments
Topic: 36 yr old BH Newbie with substantial savings- Help!!!
Replies: 66
Views: 8542

Re: 36 yr old BH Newbie with substantial savings- Help!!!

@krow36 thanks for all your help with this. I called and got the paperwork to start the process on the Security Benefit NEA Direct Invest 403b. What about that one is most appealing? The cost? Yes, the very low cost of Vanguard’s Admiral class index funds is an unheard-of find in an insurance compa...
by krow36
Mon May 21, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: 36 yr old BH Newbie with substantial savings- Help!!!
Replies: 66
Views: 8542

Re: 36 yr old BH Newbie with substantial savings- Help!!!

Now my dilema is whether or not I should keep her in the FRS Pension Plan or do the switch (only allowed once) to the FRS Investment Plan. This is separate from enrolling her in a 403(b). I have been looking around to see someone has already asked this and received clear advise but I have not found...
by krow36
Mon May 21, 2018 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA
Replies: 30
Views: 1567

Re: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA

Do you happen to have a good one or two liner I can use when talking with teachers. When I told other teachers I was going to look into other options other than AXA everyone pretty much told me that our Rep assured them they have the lowest fees, and it's something like $30 per year and only 1% aft...
by krow36
Mon May 21, 2018 1:40 am
Forum: Investing - Help with Personal Investments
Topic: Please help me rationalise this 401k investment choice
Replies: 23
Views: 1247

Re: Please help me rationalise this 401k investment choice

One of the basic tenants of Boglehead thinking is to maximize diversification. Equity funds can be broken down into growth or value or a blend of the 2. Some years growth funds do better than value funds, some years it's the reverse. Rather than betting that growth funds will do better than value fu...
by krow36
Mon May 21, 2018 12:26 am
Forum: Investing - Help with Personal Investments
Topic: 36 yr old BH Newbie with substantial savings- Help!!!
Replies: 66
Views: 8542

Re: 36 yr old BH Newbie with substantial savings- Help!!!

From what I’ve read, Florida teachers have 2 options for their retirement plan: the FRS Investment Plan and the FRS Pension Plan. The FRS Investment Plan is a defined contribution plan, where the state contributes a set amount and the employee is required to contribute a set amount. The employee sel...
by krow36
Sun May 20, 2018 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: 36 yr old BH Newbie with substantial savings- Help!!!
Replies: 66
Views: 8542

Re: 36 yr old BH Newbie with substantial savings- Help!!!

@krow36 Thanks so much for looking this up. I tried to look up the Security Benefit NEA Direct Invest 403b but the link is not working and when I go to their website I do not see any plans with that exact name. Is she allowed to use any of those 403b vendors in your first link? On the TSA-CG websit...
by krow36
Sun May 20, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire? Input and advice is welcome!
Replies: 29
Views: 3602

Re: Can I retire? Input and advice is welcome!

Questions 1. In my financial situation, would you feel comfortable leaving your job and retiring? 2. If no, please explain why. 3. Do you see any pitfalls or holes? 4. Can you give any advice or shoring up my finances? 1. We did something similar 36 years ago. It worked out great--no regrets. We ca...
by krow36
Sun May 20, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Sub-par options from employer 403b
Replies: 7
Views: 182

Re: Sub-par options from employer 403b

Welcome to the forum! You can make the equivalent of Total Stock Mkt by using the Vanguard Institutional Index Fund Institutional Equities 0.04% and Vanguard Small-Cap Index Fund Institutional 0.04% in a 4 to 1 ratio. (The Institutional Index is a version of the Index 500 fund.) That is, your US sto...
by krow36
Sat May 19, 2018 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA
Replies: 30
Views: 1567

Re: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA

Thank you very much for that chart, I was trying to find it all on their websites, and that site you linked to is MUCH easier! If their prices are all so similar, is Fidelity at $36 less a year the better option? I heard they recently dropped their prices to match Vanguards, but can they jack them ...
by krow36
Sat May 19, 2018 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA
Replies: 30
Views: 1567

Re: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA

I agree with ruralavalon and Bash Dash that you should use either Fidelity or Vanguard. They both offer a generic 403b plan to K-12 school districts which can be checked out at 403bcompare.com. https://www.403bcompare.com/Vendors/Browse Fidelity $24/yr custodial fee Fidelity Freedom Index 20XX, ER 0...
by krow36
Sat May 19, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA
Replies: 30
Views: 1567

Re: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA

The Wiki has some guidelines for prioritizing retirement investments: https://www.bogleheads.org/wiki/Prioritizing_investments Although very few teachers have a 403b match, it is always recommended they contribute as much as possible. A 457 is often available and is also definitely worth contributin...
by krow36
Fri May 18, 2018 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Max Out 457B and 403B at Hospital/University?
Replies: 20
Views: 1295

Re: Max Out 457B and 403B at Hospital/University?

Your 2017 thread mentions you are contributing to your 401k. Although the 457 and 403b have separate contribution limits, the 401k and the 403b do not. They share an 18.5k limit. Are you still contributing to the 401k?
by krow36
Tue May 15, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie With 457 Plan Options ?'s
Replies: 16
Views: 1098

Re: Newbie With 457 Plan Options ?'s

I'm not sure what you mean by annuity-based? I believe it is just a typical employee sponsored 457 plan. Because the “LVIP” means Lincoln Variable Insurance Product, I suspected that the Lincoln 457 is an annuity-based 457, not a mutual fund-based 457. It certainly looks better than the ICMA-RC 457...
by krow36
Sat May 12, 2018 1:39 am
Forum: Investing - Help with Personal Investments
Topic: Newbie With 457 Plan Options ?'s
Replies: 16
Views: 1098

Re: Newbie With 457 Plan Options ?'s

Lincoln, Nationwide and ICMA-RC. I have been asking each company questions for about two months now from the advisors from each company and you wouldn't believe how hard it was to acquire the fund fee expenses from the companies. I still have yet to receive the expense information from ICMA-RC. I k...
by krow36
Mon May 07, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Basic knowledge-inexperienced and overwhelmed
Replies: 43
Views: 3334

Re: Basic knowledge-inexperienced and overwhelmed

It's great that you are able to max our both your 401k plans. For folks with MAGI too high to contribute directly to a Roth IRA, using the backdoor Roth IRA method allows an indirect contribution. You first contribute 5.5k to a non-deductible traditional IRA and then convert it to a Roth IRA. There ...
by krow36
Mon May 07, 2018 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Funding the gap between separation of service and retirement?
Replies: 9
Views: 1060

Re: Funding the gap between separation of service and retirement?

In your previous post you mentioned that your defined contribution plan was a 401(a). I think that indicates that your district has made contributions to it? If so, congratulations! It's rare. I agree that you and your spouse should be maxing out your 401(a) plan, if possible. Your 401a is not that ...
by krow36
Mon May 07, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Moving my Simple IRA from Ameriprise
Replies: 9
Views: 485

Re: Moving my Simple IRA from Ameriprise

Thanks for the clarification. Have you made any contributions for year 2018 yet? If you haven’t, then you can set up a SIMPLE at Schwab for 2018. If you have made contributions for 2018, I think you might have to wait until 2019 to set up a new SIMPLE plan at Schwab. However you could do an asset tr...
by krow36
Mon May 07, 2018 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Moving my Simple IRA from Ameriprise
Replies: 9
Views: 485

Re: Moving my Simple IRA from Ameriprise

It's not clear whether you are an employer with a SIMPLE IRA plan for you business or you are an employee with a SIMPLE IRA account provided by your employer? I guess you could be an employer with no employees other than yourself? Please clarify. :happy
by krow36
Fri May 04, 2018 12:39 am
Forum: Investing - Help with Personal Investments
Topic: Way behind on Retirement - advice desired
Replies: 15
Views: 2502

Re: Way behind on Retirement - advice desired

You could lower the expenses of her SEP IRA by moving it to a low-cost provider such as Vanguard, Fidelity, Schwab, etc. Veterans have loyalty to USAA but they are not a low-cost mutual fund provider. She should be using index funds with ERs of less than 0.15%. Once you are employed, she could max t...
by krow36
Fri May 04, 2018 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 17672

Re: Ed. Jones rep didn't like our plan, now we're locked out

You should check out the complaint procedure with FINRA, the regulatory agency that deals with brokerages along with the SEC. You can look up the rep and see if there are complaints against him. http://www.finra.org/investors/investor ... int-center
by krow36
Wed May 02, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA
Replies: 78
Views: 3423

Re: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA

Here's what I was trying to post: Pages 1 and 2 or the Form 5304 are supposed to be filled out by the employer and handed out to the employees. The IRS says (below) that if the employer does not provide the equivalent of the information in the Summary Description, the employer is liable to a penalty...
by krow36
Wed May 02, 2018 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA
Replies: 78
Views: 3423

Re: My work in starting a simple IRA --questions

I posted this on April 6. It means that if next year your employer used a Form 5305 which uses a Defined Financial Institution, the IRS says the employee must be allowed to make transfers without cost or penalty. Specifically there must be no load. In addition, American Funds says on their transfer...
by krow36
Wed May 02, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA
Replies: 78
Views: 3423

Re: My work in starting a simple IRA --questions

I posted this on April 6. It means that if next year your employer used a Form 5305 which uses a Defined Financial Institution, the IRS says the employee must be allowed to make transfers without cost or penalty. Specifically there must be no load. In addition, American Funds says on their transfer ...
by krow36
Wed May 02, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: 403b
Replies: 32
Views: 2295

Re: 403b

1. I have roughly 200k in (gasp) individual stocks. About 30-35k is taxable. The remainder of it is in another simple IRA I have, established years ago, before my teaching career. The stocks have seen a good run up, but how long do you leave the money on the table before cashing out and playing it ...
by krow36
Wed May 02, 2018 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Help with post retirement IRA portfolio
Replies: 14
Views: 1237

Re: Help with post retirement IRA portfolio

Please give the fund percentages as a percent of your total portfolio in addition to their percent of their account.

Your fixed income is not diversified, lacks any treasury component and in a major stock downturn is likely to follow stocks down. I would prefer a Total Bond Mkt index fund.
by krow36
Tue May 01, 2018 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA
Replies: 78
Views: 3423

Re: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA

I talked to my boss today, and it went very well! She is very supportive and willing to do what is necessary (I understand people have said she has to, but she would do it even if she didn't have to). She thanked me for this information! She wants the best for the employees and does not care if ext...
by krow36
Tue May 01, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor Need Advice on Retirement Plans
Replies: 4
Views: 338

Re: New Investor Need Advice on Retirement Plans

When you convert your non-deductible traditional IRA to a Roth IRA, the pro rata rule will include your SEP IRA in the calculation. You will pay income tax on the conversion of a portion of the SEP. The backdoor Roth should not be done if there are significant tIRA, SEP IRA or SIMPLE IRA accounts. P...
by krow36
Tue May 01, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Stay with Fidelity 403B or switch to Vanguard Target Retirement? Please advise?
Replies: 10
Views: 569

Re: Stay with Fidelity 403B or switch to Vanguard Target Retirement? Please advise?

If you employer's 403b plan doesn't have the Vanguard TR fund, you'll have to stay with the Fido TR fund. You can't roll over money from a 403b plan to an IRA unless you are no longer employed by the 403b plan's employer.
by krow36
Mon Apr 30, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: How to find a good fee based advisor?
Replies: 10
Views: 800

Re: How to find a good fee based advisor?

The folks at 403bwise.com have started a registry for fee-only financial advisors who are a CFP. They are vetted by 403bwise. https://403bwise.com/directory
by krow36
Sat Apr 28, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA
Replies: 78
Views: 3423

Re: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA

Some kind of account will have to be set up at Vanguard. That should be a one time thing (or maybe repeated once a year). I think it helps to understand that neither the IRS Form 5304 nor the Form 5305 are sent to the Financial Institution (FI) (Designated or not) or to the IRS. The signed forms ar...
by krow36
Sat Apr 28, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: PERS pension, should we do more Roth ?
Replies: 5
Views: 728

Re: PERS pension, should we do more Roth ?

Did you notice this current thread on this same question? ruralavalon's post has links to basic reading on this. viewtopic.php?f=1&t=248195
by krow36
Sat Apr 28, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: 403b
Replies: 32
Views: 2295

Re: 403b

I have learned that my district does have a 457 option . Does this replace Security Benefit direct investment option as my top choice? Is there a concensus that the 457 would have Lower fees, overall? Thanks I think Bash Dash is assuming that your "district's 457 option" is the NY state 457 plan. I...
by krow36
Sat Apr 28, 2018 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA
Replies: 78
Views: 3423

Re: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA

Is the brokerage firm that your employer using a well-known national financial institution, and if so, can you give us a name? It might help to understand what is going on. Don’t give out the name a local firm. A search of Calvert’s website indicates that they do not offer a SIMPLE IRA , so a broker...
by krow36
Sat Apr 28, 2018 12:43 am
Forum: Investing - Help with Personal Investments
Topic: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA
Replies: 78
Views: 3423

Re: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA

You could print out the IRS Form 5304-SIMPLE from the link I provided. Highlight Article III Contributions, 3 Time and Manner of Contributions on page 1. Fill out the Model Salary Reduction Agreement on page 3, specifying Vanguard. Then there is nothing to discuss. It is right there in front of the...
by krow36
Sat Apr 28, 2018 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA
Replies: 78
Views: 3423

Re: Surprise its a 5304-questions in post #40- transferring work simple IRA to frozen simple IRA

You are not missing anything. The rep is misinformed or lying to you. If an employer adopts a 5304-SEP they must , I repeat MUST allow every employee to select their own custodian. They have no choice . If you say you want Vanguard, another employee wants Fidelity and another employee wants Schwab,...
by krow36
Fri Apr 27, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: What questions to ask?
Replies: 6
Views: 669

Re: What questions to ask?

If you are up for some reading, the book How To Make Your Money Last by Jane Bryant Quinn is often mentioned by Bogleheads as a good resource that doesn't expect or demand a lot of financial savvy on the part of the reader. You can read the first chapter free in PDF format at her web site: http://j...
by krow36
Fri Apr 27, 2018 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: What to do - small Vanguard SEP-IRA (~2k)
Replies: 6
Views: 248

Re: What to do - small Vanguard SEP-IRA (~2k)

I think a SEP IRA is always pretax. You terminology is correct. You could move it to either a tIRA or to a Roth IRA. Just call up Vanguard and they will guide you through the process. Because the amount is so small, I don't think it makes much difference whether you choose a tIRA or a Roth IRA.
by krow36
Fri Apr 27, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: How to get a better school district 457 plan?
Replies: 15
Views: 948

Re: How to get better school district plans?

Can you give us your district's list of 457 providers? Lincoln Investment Planning, AXA and Valic. I was using Lincoln but I've stopped. Luckily the Vanguard fund I'm using is obviously super low fee but it makes me sick thinking about how much Lincoln's fees will eat up over 15+ years. I'm fairly ...
by krow36
Fri Apr 27, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: How to get a better school district 457 plan?
Replies: 15
Views: 948

Re: How to get better school district plans?

Can you give us your district's list of 457 providers? Your district can add a 457 vendor to their list, but OMNI charges a fee pre participant that your district doesn't want to pay, and neither does the low-cost vendors such as Vanguard or Fidelity. Fidelity has been known to pay it for some distr...
by krow36
Wed Apr 25, 2018 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: What happens when you speak in TICKER language.
Replies: 139
Views: 12392

Re: What happens when you speak in TICKER language.

I merged an on-going thread into here. The combined thread is in the Investing - Help with Personal Investments forum for visibility to both new and experienced investors. .. / .-- .. .-.. .-.. / ... - --- .--. / .--. --- ... - .. -. --. / .. -. / - .. -.-. -.- . .-. / ... .--. . .- -.- / .-- .... ...