Search found 106 matches

by njfastlife
Wed Jan 17, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

just bumping this one last time in the hopes someone in NY can opine on the Lincoln Participant Directed.

no responses to my PM's as of yet.

thanks.
by njfastlife
Thu Jan 11, 2018 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

Good luck with the PMs. A PM generates an email unless the default setting is opted out of. Did you talk to the local Lincoln rep? Or to a regional Lincoln office? You haven’t mentioned how much your GF is able to contribute annually. Is it more than 18.5k (to state 457) plus 5.5k (to IRA)? Does sh...
by njfastlife
Thu Jan 11, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

If you talked to a local rep, then you may not have received informed information. It’s suggested to talk to someone in a Lincoln Investment Group regional office, not to a local rep. Several BH posters in NY have been able to use the Participant-Directed Platform. Here’s an incomplete list: A440, ...
by njfastlife
Wed Jan 03, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

is the low-cost Lincoln option better than just rolling the 403b into a Vanguard IRA? She is not allowed to rollover her employer sponsored 403b to an IRA unless she leaves that employer. I thought she had, but I was mistaken. Sorry for the confusion. Her best bet for escaping the Oppy high fees is...
by njfastlife
Wed Jan 03, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Please help me reallocate my 401K and Roth IRA
Replies: 4
Views: 279

Re: Please help me reallocate my 401K and Roth IRA

good points all around.

surprised that switching into the Admiral isn't worth it - i thought most here agreed it was.
by njfastlife
Tue Jan 02, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me reallocate my 401K and Roth IRA
Replies: 4
Views: 279

Please help me reallocate my 401K and Roth IRA

hi all, 31 years of age and currently in the V anguard Target Retirement 2035 in both my 401K and Roth. i think i have the appetite for a bit more risk - at least more than the 2035 offers so i come to you for advice. any thoughts on which Target Date might work a bit better? additionally, might it ...
by njfastlife
Tue Dec 12, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Having trouble finding a Lincoln Financial "Regional Office"...any help?
Replies: 5
Views: 380

Re: Having trouble finding a Lincoln Financial "Regional Office"...any help?

edge wrote:
Tue Dec 12, 2017 11:56 am
Why in the world would you want to find one?
b/c unfortunately 403b choices are notoriously bad, and my fiancee's are no different. lincoln offers the best with the plan i listed above, but apparently you need to contact a regional office.
by njfastlife
Tue Dec 12, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Having trouble finding a Lincoln Financial "Regional Office"...any help?
Replies: 5
Views: 380

Having trouble finding a Lincoln Financial "Regional Office"...any help?

trying to get a PDF for Lincoln Investments "Participant Directed Platform". when i call Lincoln, all they are able to provide me with are local financial advisors - which I don't believe I want. from what i have been told, i need to call a Regional Office. i am in Westchester County, NY. any assist...
by njfastlife
Wed Nov 29, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

thank you, we will inquire - but is this a better idea than the 457? we were about to rollover her 403b into the 457. thanks for your patience and assistance along the way! If her 403b is with her current employer, she can't do a rollover to that employer's 457 . If the 403b was with a previous emp...
by njfastlife
Wed Nov 29, 2017 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

Sorry, I assumed your username indicated that you were in NJ when you first posted. If she has been in NY, at the same school district, that changes what she can do with the Oppenheimer 403b. She cannot move that account to an IRA unless she has changed districts. She can move it to another 403b pr...
by njfastlife
Wed Nov 29, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

JW, the OP is dealing with a K-12 school district, which are not involved in vetting the multiple vendors they allow or the vendor's offerings. Yeah, hard to believe. These are non-ERISA 403b and 457 plans. In this thread started last year, the OP and GF were in NJ and that list was for her NJ scho...
by njfastlife
Wed Nov 29, 2017 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

Yes, Vanguard's Wellington is an very good balanced fund and suitable for her 457 account. That assumes she is OK with the fund's asset allocation of about 60-70% stocks and 40-30% bonds. A 60/40 AA is not really "aggressive", in fact it's usually considered a moderate AA, depending on age of cours...
by njfastlife
Tue Nov 28, 2017 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

The first step is to find the list of providors for her district. It’s usually on the district’s website. Or it may be on the website of a Third Party Administrator that the district hires to help manage the 403b and 457 plans. If you can’t find the lists on the district’s website, call the distric...
by njfastlife
Tue Nov 28, 2017 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

just a follow-up here, is it possible and prudent to withdraw from the 403b entirely and roll it entirely into a Vanguard IRA? we now have a Roth IRA opened for her, but might it make sense to open a traditional IRA as well and just roll the funds over from the 403b? Yes, if she is no longer workin...
by njfastlife
Mon Nov 27, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

just a follow-up here, is it possible and prudent to withdraw from the 403b entirely and roll it entirely into a Vanguard IRA?

we now have a Roth IRA opened for her, but might it make sense to open a traditional IRA as well and just roll the funds over from the 403b?
by njfastlife
Mon Nov 27, 2017 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: I'm worried the Vangaurd Target Retirement 2035 (VTTHX) might be too conservative
Replies: 27
Views: 1910

I'm worried the Vangaurd Target Retirement 2035 (VTTHX) might be too conservative

31 years of age.

i know rule of thumb is typically age in bonds, but i think this fund might be slightly too conservative.

any thoughts or advice?

thanks!
by njfastlife
Wed Jul 12, 2017 9:07 am
Forum: Investing - Help with Personal Investments
Topic: When, if ever, does it make sense to cease contributing the 401K max?
Replies: 40
Views: 5974

Re: When, if ever, does it make sense to cease contributing the 401K max?

for instance, me being 30 years old and playing catchup in my 401K (currently have $60K between 401K and ROTH IRA) but wanting to start saving for a house downpayment. seems to me, unless my salary increases relatively substantially, at some point i might need to bite the bullet and ratchet down th...
by njfastlife
Sat Jul 01, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: When, if ever, does it make sense to cease contributing the 401K max?
Replies: 40
Views: 5974

When, if ever, does it make sense to cease contributing the 401K max?

for instance, me being 30 years old and playing catchup in my 401K (currently have $60K between 401K and ROTH IRA) but wanting to start saving for a house downpayment. seems to me, unless my salary increases relatively substantially, at some point i might need to bite the bullet and ratchet down the...
by njfastlife
Sat Jul 01, 2017 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: My 72 year old father is looking for advice on where to park ~$300K
Replies: 22
Views: 3680

Re: My 72 year old father is looking for advice on where to park ~$300K

i'm sure he'd be pretty happy, or at least more happy, with the CD strategy you suggested. can you tell me a little bit more (where to shop, who offers some of the "better" ones, etc.)? Sure. The place many of us find our CD (and savings and checking account) deals is Bank Account Rates | Bank Revi...
by njfastlife
Mon Apr 10, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: My 72 year old father is looking for advice on where to park ~$300K
Replies: 22
Views: 3680

Re: My 72 year old father is looking for advice on where to park ~$300K

How about $100k in Wellesley and $200k in a CD? My much older father has enjoyed his ride with Wellesley and it gives him something to watch. It is only 40% stock, so a dip every now and then won't hurt too badly, if he can sleep at night and leave it alone. Just a thought, and he might gain in six...
by njfastlife
Sun Apr 09, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: My 72 year old father is looking for advice on where to park ~$300K
Replies: 22
Views: 3680

My 72 year old father is looking for advice on where to park ~$300K

other than in savings accounts where it currently sits. he is thinking about CD's but i imagine there has to be a better place to put the money for the time being. i think he's just hoping to do better than the minuscule interest it's earning in a savings account while still limiting risk as much as...
by njfastlife
Sat Mar 25, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?
Replies: 16
Views: 1721

Re: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?

update:

we opened a joint Chase Checking but were unable to get the bonus as we weren't new customers - just a new account.

kind of a bummer...
by njfastlife
Thu Mar 23, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Requesting assistance with 401K, Roth IRA and Taxable Accounts
Replies: 9
Views: 849

Re: Requesting assistance with 401K, Roth IRA and Taxable Accounts

At age 30 an asset allocation of about 80/20 is reasonable in my opinion. Vanguard Target Retirement 2035 (VTTHX) has an asset allocation of 80/20. Are you already contributing the annual maximum allowed to both your 401k and your Roth IRA? You should be contributing the annual maximum to both befo...
by njfastlife
Mon Mar 20, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Great Lakes making it impossible to apply for Teacher Loan Forgiveness
Replies: 7
Views: 925

Re: Great Lakes making it impossible to apply for Teacher Loan Forgiveness

Can't speak about your issues specifically and I had a different lender. Mine took months to go through and I had to submit twice. The feedback they gave me about errors were not helpful, I had to call to find out what the real issues were, which were multiple. Some things to check: They're very sp...
by njfastlife
Mon Mar 20, 2017 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

UPDATE: 1. ceasing further contribution to 403b 2. moving Oppenheimer assets to Lincoln 3. opening Vanguard Roth IRA question: any tips on what to invest in the Roth? we are not risk-averse but not super risky either. would it be absurd to invest in VTSMX? I'm glad you took care of the old Mass Mut...
by njfastlife
Mon Mar 20, 2017 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Lincoln Investments "Participant Directed Platform"
Replies: 46
Views: 6112

Re: Lincoln Investments "Participant Directed Platform"

hey all - very helpful thread. my fiancee is in NY and i am working to get her 403b in order. she's currently in Oppenheimer which i am trying to get out of stat. question(s): 1. is there any harm in completely ceasing contributions to a 403b while we go through the process of moving the money over ...
by njfastlife
Mon Mar 20, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Great Lakes making it impossible to apply for Teacher Loan Forgiveness
Replies: 7
Views: 925

Re: Great Lakes making it impossible to apply for Teacher Loan Forgiveness

each and every time we submit their cumbersome application they make up issues. no joke, the latest issue is that there is a gap (you need 5-years consecutive employment) in her teaching employment. there is NO gap. in fact, i have the application she filled out and sent to them. it strictly states...
by njfastlife
Mon Mar 20, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Great Lakes making it impossible to apply for Teacher Loan Forgiveness
Replies: 7
Views: 925

Re: Great Lakes making it impossible to apply for Teacher Loan Forgiveness

each and every time we submit their cumbersome application they make up issues. no joke, the latest issue is that there is a gap (you need 5-years consecutive employment) in her teaching employment. there is NO gap. in fact, i have the application she filled out and sent to them. it strictly states...
by njfastlife
Mon Mar 20, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Great Lakes making it impossible to apply for Teacher Loan Forgiveness
Replies: 7
Views: 925

Re: Great Lakes making it impossible to apply for Teacher Loan Forgiveness

BrendanP wrote:Which program is it?
Is this the Teacher Loan Forgiveness for working in high-needs subjects in low-income schools?
Title I
by njfastlife
Mon Mar 20, 2017 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Great Lakes making it impossible to apply for Teacher Loan Forgiveness
Replies: 7
Views: 925

Great Lakes making it impossible to apply for Teacher Loan Forgiveness

each and every time we submit their cumbersome application they make up issues. no joke, the latest issue is that there is a gap (you need 5-years consecutive employment) in her teaching employment. there is NO gap. in fact, i have the application she filled out and sent to them. it strictly states ...
by njfastlife
Sun Mar 19, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

UPDATE:

1. ceasing further contribution to 403b

2. moving Oppenheimer assets to Lincoln

3. opening Vanguard Roth IRA


question: any tips on what to invest in the Roth? we are not risk-averse but not super risky either. would it be absurd to invest in VTSMX?

thanks all!
by njfastlife
Sun Mar 19, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: 30 years old and want to start saving for a home...where to begin?
Replies: 7
Views: 1098

Re: 30 years old and want to start saving for a home...where to begin?

Not enough information in your post to give anything more than the most basic advice. For example, are you already in the habit of saving? If not, I'd start with an automatic savings program where a percentage (at least 10%) of my paycheck is automatically deposited to a savings account. yes i am i...
by njfastlife
Sat Mar 18, 2017 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: 30 years old and want to start saving for a home...where to begin?
Replies: 7
Views: 1098

30 years old and want to start saving for a home...where to begin?

i am aiming to save $50-100K for a down payment for a home. my timeline ~4 years from now and i'd like to park my money somewhere else other than a savings account in order to have the money appreciate a bit more.

any advice or insight?

thanks.
by njfastlife
Mon Mar 13, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?
Replies: 16
Views: 1721

Re: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?

I agree that convenience, and not interest rates, are what matters here. I have an Ally checking account and it's great, but if you see any value in bricks and mortar and already have a relationship with Chase, sure go ahead and use them. I think your credit card plan is reasonable. One thought is ...
by njfastlife
Mon Mar 13, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?
Replies: 16
Views: 1721

Re: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?

Chase normally has pretty good sign up bonus for new accounts and that could be more than any interest that you might get some place else. Be sure to look at what you might make in dollar terms. Getting a half a percent extra for six months might not be all that much after paying taxes on it. You w...
by njfastlife
Sun Mar 12, 2017 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?
Replies: 16
Views: 1721

Re: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?

Get a checking account and checks: many vendors will want them. Also, if you put a wedding expense on your credit card for points, you can easily "reimburse" yourselves using Chase Quick pay. Plus, running everything through one acct makes accounting and staying on budget much clearer. so you think...
by njfastlife
Sun Mar 12, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?
Replies: 16
Views: 1721

Re: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?

What is it you find attractive about Chase and Ally? How much money and how long a time period will these funds be held? The larger the amount, held for a longer the time period, the more potential interest that could accrue you are talking about. One thing about some banks--some charge a fee to op...
by njfastlife
Sun Mar 12, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?
Replies: 16
Views: 1721

Opening a joint (checking vs. savings?) account to save/pay for a wedding...advice?

we are being gifted some money to pay for a wedding. my fiancee and i think it's best to open a joint account and we are trying to determine best course of action. first, we are both long-time Chase customers so we thought we might use them. then, the more research i do, i keep coming back to an onl...
by njfastlife
Sun Mar 12, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

hey guys bumping this old thread. she now has all of her monies sitting in the Oppenheimer funds. i had her stop contributions and am thinking we should move it into the Lincoln Plan if we all seem to agree this is the best bet. unless we can roll all of this money into some type of Vanguard IRA but...
by njfastlife
Sun Mar 12, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Requesting assistance with 401K, Roth IRA and Taxable Accounts
Replies: 9
Views: 849

Re: Requesting assistance with 401K, Roth IRA and Taxable Accounts

At age 30 an asset allocation of about 80/20 is reasonable in my opinion. Vanguard Target Retirement 2035 (VTTHX) has an asset allocation of 80/20. Are you already contributing the annual maximum allowed to both your 401k and your Roth IRA? You should be contributing the annual maximum to both befo...
by njfastlife
Sun Mar 12, 2017 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Requesting assistance with 401K, Roth IRA and Taxable Accounts
Replies: 9
Views: 849

Re: Requesting assistance with 401K, Roth IRA and Taxable Accounts

At age 30 an asset allocation of about 80/20 is reasonable in my opinion. Vanguard Target Retirement 2035 (VTTHX) has an asset allocation of 80/20. Are you already contributing the annual maximum allowed to both your 401k and your Roth IRA? You should be contributing the annual maximum to both befo...
by njfastlife
Sun Mar 12, 2017 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Requesting assistance with 401K, Roth IRA and Taxable Accounts
Replies: 9
Views: 849

Requesting assistance with 401K, Roth IRA and Taxable Accounts

hey all. i've posted here before, but here i am again. 30 years old Not particularly risk-averse (like to see some gains but not willing to be 100% stock) Current A.A. Fidelity 401K: $40K Vanguard Target Retirement 2035 Fund (VTTHX) Vanguard Roth IRA: $11.5K Vanguard Target Retirement 2035 Fund (VTT...
by njfastlife
Sun Nov 20, 2016 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

if she wants to STOP contributing to the Oppenheimer plan and roll it into the Lincoln (on top of the check she received from Mass Mutual from a previous employer) , how would she best do this? Is she holding a rollover check from a Mass Mutual 403b? If so, she has 60 days from it's date to get it ...
by njfastlife
Tue Nov 08, 2016 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

silly question: if she wants to STOP contributing to the Oppenheimer plan and roll it into the Lincoln (on top of the check she received from Mass Mutual from a previous employer), how would she best do this? i'm thinking she needs to cancel contributions for the time being via her benefits center, ...
by njfastlife
Mon Oct 17, 2016 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

bump for some more replies.

trying to think if it's better to forgo a 403b entirely.

like...what's the benefit of it vs. just fully funding a Roth IRA and a taxable Vanguard account?
by njfastlife
Fri Oct 14, 2016 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

some good stuff here. she doesn't really have any other options i guess?


so, $5500 into a Roth IRA.

then look into Lincoln (probably a Vanguard fund if offered).

it doesn't make sense NOT to take advantage of a 403b does it? for instance, just throw money into a taxable account instead?
by njfastlife
Thu Oct 13, 2016 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

Look on the school district's website for the list of 403b providers. Google may help you. If you can't find it, call the district's HR office. There's usually half a dozen to as many as 50 (?!?) providers on the list. Most are usually insurance companies, some are expensive mutual fund companies l...
by njfastlife
Thu Oct 13, 2016 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 55
Views: 4636

Re: Help me help my GF with her Oppenheimer 403(b)...

Is your GF an employee of a public K-12 school district? If so, she may have choices much better than the Oppenheimer 403b. If she works for a non-profit and her employer has chosen Oppenheimer for the 403b provider, she's stuck with Oppenheimer. yes, public K-12. how can she find out what choices ...