Search found 89 matches

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: 5249

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: 5249

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: 3342

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 |...
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: 3342

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: 3342

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: 1487

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: 753

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: 770

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: 28
Views: 2601

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: 33
Views: 3946

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: 770

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: 770

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: 770

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: 770

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: 28
Views: 2601

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: 996

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: 996

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: 1487

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: 1487

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: 1487

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...
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: 1487

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: 1487

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: 28
Views: 2601

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: 753

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: 753

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: 753

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: 28
Views: 2601

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: 28
Views: 2601

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: 28
Views: 2601

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: 28
Views: 2601

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: 28
Views: 2601

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: 28
Views: 2601

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 ...
by njfastlife
Thu Oct 13, 2016 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Would my take-home pay increase if I switch from Roth 401(k) to Traditional?
Replies: 4
Views: 729

Would my take-home pay increase if I switch from Roth 401(k) to Traditional?

right now i contribute 8% to Roth and 8% Traditional.

if i flip that to 16% Traditional, my taxable income comes down and my take-home comes up?

or is that completely incorrect?
by njfastlife
Wed Oct 12, 2016 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 69
Views: 6307

Re: Can I afford a new car?

OK - so another update. and feel free to tell me i haven't learned my lesson if need be. anyhow, i've saved up (in a short time through getting rid of some of my old belongings - hobby stuff, etc.) a bit more and i'd like some further input in regards to whether a new car at least makes a bit more s...
by njfastlife
Wed Oct 12, 2016 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 28
Views: 2601

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

so i'm not loving her choices at a quick glance. her current AA: 100% Domestic Equity 50% OPMSX 46% OAEIX 4% OSCAX Her choices aren't great, imho, and there's no easy way to copy/paste them all here. but anything i should look out for specifically that Oppenheimer typically offers their 403(b) clien...
by njfastlife
Wed Oct 05, 2016 10:58 am
Forum: Personal Finance (Not Investing)
Topic: 0% Financing on new car (Subaru)...how much to put down upfront?
Replies: 13
Views: 1536

Re: 0% Financing on new car (Subaru)...how much to put down upfront?

Even with 0%, I think would at least pay the fees & taxes up front rather than rolling them into the loan. I don't like the idea of having the car be "under water" right from the start. Usually I've been able to pay $5k with a CC. fees and taxes would be more than handled via my trade...
by njfastlife
Tue Oct 04, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: 0% Financing on new car (Subaru)...how much to put down upfront?
Replies: 13
Views: 1536

0% Financing on new car (Subaru)...how much to put down upfront?

i'll be looking to purchase a new vehicle, probably ~$28-30K total out the door. i have a $6K trade in and $10K cash to put down on the vehicle, but as there is 0% financing for up to 48mo., i'm wondering if it makes more sense to hold onto the $10K cash and put it elsewhere - while borrowing "...
by njfastlife
Tue Sep 27, 2016 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: How much $ should I have in checkings/savings vs. taxable accounts?
Replies: 8
Views: 1180

Re: How much $ should I have in checkings/savings vs. taxable accounts?

Have/do you max. out all tax advantaged accounts? Do you have any loans to pay down? Those are things I would do before opening a taxable account. It's a personal thing really. Some feel an EF isn't needed at all, whatever they have available in checking/savings/taxable is useable in an emergency. ...
by njfastlife
Tue Sep 27, 2016 11:54 am
Forum: Investing - Help with Personal Investments
Topic: How much $ should I have in checkings/savings vs. taxable accounts?
Replies: 8
Views: 1180

Re: How much $ should I have in checkings/savings vs. taxable accounts?

as a follow up, why not throw ~4 months into the taxable account with the Vanguard Total Stock Market index fund and 1 month into a money market with the remaining sitting in my checking/savings?
by njfastlife
Tue Sep 27, 2016 11:53 am
Forum: Investing - Help with Personal Investments
Topic: How much $ should I have in checkings/savings vs. taxable accounts?
Replies: 8
Views: 1180

How much $ should I have in checkings/savings vs. taxable accounts?

between my checkings and savings accounts i have at least 6 months of living expenses. i am wondering at what point i should open a Vanguard taxable account (VTSMX)? how much should i have readily available in checkings/savings vs. taxable accounts with the opportunity for the money to actually earn...
by njfastlife
Thu Sep 08, 2016 6:18 am
Forum: Personal Finance (Not Investing)
Topic: Is it typical to wait ~24 months for a meaningful/significant raise at work?
Replies: 45
Views: 4495

Is it typical to wait ~24 months for a meaningful/significant raise at work?

if you ask me, that's a bit long to wait - especially at the more junior level.

2 years with just COL raises, if that? just seems a bit slow, especially when you can jump ship to other companies after about the 1 year mark and probably get 10% without even trying.

your thoughts?
by njfastlife
Wed Aug 31, 2016 1:56 pm
Forum: Investing - Help with Personal Investments
Topic: Opening a taxable account to take "shots" in the market?
Replies: 12
Views: 885

Opening a taxable account to take "shots" in the market?

is there any sense in doing this whatsoever? for instance, throwing a few hundred bucks per month into a taxable account and investing in companies or industries that you believe in and/or are interested in? for instance, i enjoy the technology sector. i feel as though it would be an entertaining an...
by njfastlife
Thu Aug 25, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 69
Views: 6307

Re: Can I afford a new car?

i will await the name calling - or at least the shaming. I won't name call - at least you started out your post saying you "wanted" a new vehicle. That's more honest than most who post these "questions" and decide against prudence anyway! Good luck getting it down to $20K, thoug...
by njfastlife
Thu Aug 25, 2016 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 69
Views: 6307

Re: Can I afford a new car?

i will await the name calling - or at least the shaming. I won't name call - at least you started out your post saying you "wanted" a new vehicle. That's more honest than most who post these "questions" and decide against prudence anyway! Good luck getting it down to $20K, thoug...
by njfastlife
Thu Aug 25, 2016 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 69
Views: 6307

Re: Can I afford a new car?

I don't think anyone will shame you or anything. In some scenarios it's a great decision to buy a new car - and it might even be ok for you! :D It' just that you would likely be better off waiting. But I get it, driving a clunker isn't fun. However it turns out, it will be educational in some way. ...
by njfastlife
Wed Aug 24, 2016 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 69
Views: 6307

Re: Can I afford a new car?

so with all the wonderful advice here, i thought it only fair to provide an update. i have completely nixed the idea of going for a 4Runner. i, however, have not given up, at least the idea , of a new vehicle. that being said, this weekend i am headed to my local subaru dealer. they have a 2016 2.5i...
by njfastlife
Tue Aug 23, 2016 10:07 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1984
Views: 332054

Re: What's Your Credit Card Rewards Strategy?

hey all. two things. 1. i think i messed up ROYALLY about a month ago when i transferred ~125K UR points for cash back instead of using them towards flights/travel which would have really extended the bang-for-the-buck factor. :oops: 2. i just got approved for a Chase Sapphire Reserve. my only other...
by njfastlife
Mon Aug 22, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Being OK with sacrificing current enjoyment for future freedom?
Replies: 24
Views: 2646

Re: Being OK with sacrificing current enjoyment for future freedom?

It depends on what brings you happiness. There are plenty of ways we can indulge ourselves that don't require money. For some people, sitting on the back porch amidst the garden they worked so hard to grow and nurture and reading a book is their version of indulgence. How much does that cost? excel...

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