Search found 214 matches

by nun
Sun Mar 20, 2016 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Physics major question
Replies: 53
Views: 4617

Re: Physics major question

The average for Physical Sciences is 96K for full professor, and 73K for assoc. professor. Obviously there are are some making much more than that, but by definition those in the "upper limit" of the field are outliers and there are not very many of them. My experience of working at a cou...
by nun
Thu Mar 17, 2016 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Physics major question
Replies: 53
Views: 4617

Re: Physics major question

If he wants to go on for a PhD in Physics, selecting his sub-field ahead of time is crucial. Some sub-fields are highly employable in industry, and some are not. One with which I am familiar is MRI Physics. This field (about how Magnetic Resonance Imaging works) is a very practical one, and there a...
by nun
Thu Mar 17, 2016 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Physics major question
Replies: 53
Views: 4617

Re: Physics major question

... There are plenty of tenured professors earning $250k and higher. ... Unless that was a typo and you meant 150K, I'd say there are actually very, very few (and there aren't even many at 150K). It really depends on where you are working. I earned $145k/year as an Associate Professor at a large st...
by nun
Thu Mar 17, 2016 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Physics major question
Replies: 53
Views: 4617

Re: Physics major question

... There are plenty of tenured professors earning $250k and higher. ... Unless that was a typo and you meant 150K, I'd say there are actually very, very few (and there aren't even many at 150K). It really depends on where you are working. I earned $145k/year as an Associate Professor at a large st...
by nun
Thu Mar 17, 2016 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Physics major question
Replies: 53
Views: 4617

Re: Physics major question

The opportunities to do straight physics in a commercial setting are getting more limited as the likes of GE and AT&T don't have big US R&D organizations vacuuming up physics grads anymore. So the physicist has to sell themselves on their analytical thinking and problem solving abilities and...
by nun
Tue Mar 08, 2016 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Lifetime Income Strategy (LIS) within mega corp 401(k)?
Replies: 9
Views: 725

Re: Lifetime Income Strategy (LIS) within mega corp 401(k)?

It still sounds like a variable annuity and the more "features" you get the more it costs. Sure you might be able to get at your money, but at what cost. The only annuity I would ever consider buying would be a Single Premium Immediate Annuity to augment SS and provide a guaranteed base in...
by nun
Tue Mar 08, 2016 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: We paid off our mortgage ...what to do with the extra money each month?
Replies: 28
Views: 3872

Re: We paid off our mortgage ...what to do with the extra money each month?

Either put the mortgage into a taxable low cost index funds or buy a rental property.....
by nun
Tue Mar 08, 2016 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Lifetime Income Strategy (LIS) within mega corp 401(k)?
Replies: 9
Views: 725

Re: Lifetime Income Strategy (LIS) within mega corp 401(k)?

This sounds like a variable annuity...and has the fees to match....which you convert to a lifetime annuity when you retire. I'd continue as you are and adjust your AA as you get older yourself. It's easy to do and is far less expensive than getting someone else to do it for you. If you want guarante...
by nun
Wed Nov 11, 2015 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Pension buy in?
Replies: 6
Views: 718

Re: Pension buy in?

The MA plan is mostly funded by the employees and isn't very generous which contributes to it poor grade. The legislature has enacted reforms that require them to make up delinquent contributions and which will reduce the pension benefits for new employees. The funding percentage as of 2015 will be ...
by nun
Wed Nov 11, 2015 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Pension buy in?
Replies: 6
Views: 718

Pension buy in?

I am a single male, aged 54, and will be retiring at age 55. I have the opportunity to buy into the MA state pension plan. The numbers stack up like this: Cost: $183k Annual Income at 55 : $19.6k COLA: first $13k got 3% increase last year. The state decides on the COLA base amount and percentage eac...
by nun
Wed Nov 04, 2015 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Please critique my retirement asset allocation
Replies: 8
Views: 803

Re: Please critique my retirement asset allocation

Actually I only need to generate that $6k (plus something for inflation) for 12 years as my UK social security starts at age 67 and then US social security will start at 70. My plan is to let my equity allocation drift upwards. I could transfer 10% of TIAA-Traditional each year into a stock index fu...
by nun
Tue Nov 03, 2015 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique my retirement asset allocation
Replies: 8
Views: 803

Re: Please critique my retirement asset allocation

If your goal AA is 65/35 (and I think that can be deemed reasonable) than I think your fine. If stocks lose value, are you prepared to re-balance within your 401a account (sell TIAA-Traditional and buy a stock index fund)? Can you do this, Im not all that familiar with TIAA? I think you stand to be...
by nun
Tue Nov 03, 2015 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Please critique my retirement asset allocation
Replies: 8
Views: 803

Re: Please critique my retirement asset allocation

The $30k is in the bank and is just spending money. My plan is to use the taxable account in good times, but if there is a significant correction I'll simply reduce my spending a bit and take a little income from the TIAA-Traditional and pay the income tax. As I only need to produce around $6k a yea...
by nun
Tue Nov 03, 2015 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Please critique my retirement asset allocation
Replies: 8
Views: 803

Please critique my retirement asset allocation

I'm interested to see what the Bogleheads have to say bout my asset allocation for retirement. I've been retired for 18 months now and here are my particulars: Debt: 0$ Tax Filing Status: single Age: 54 Annual income needs: $40k Cash: $30k Rental Income: $14.5k COLA pension at 55: $20k US SS at 70: ...
by nun
Fri Mar 13, 2015 8:11 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice. Jordan/Int'l resident (no US tax treaty)
Replies: 79
Views: 7559

Re: Portfolio advice. Jordan/Int'l resident (no US tax treat

Have you researched how Ireland taxes Irish sourced income owned by non-residents.....and how Jordan taxes foreign investments owned by it's residents? Are there provisions in domestic law for foreign tax credits or any restrictions to owning foreign investment funds?
by nun
Thu Mar 12, 2015 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity as sole fixed income component
Replies: 36
Views: 3032

Re: TIAA Traditional Annuity as sole fixed income component

If you have TIAA-Traditional with the guaranteed 3% minimum and a fairly long vintage history I can't think of a much better fixed income thing to have. Right now I'm getting 4.73% in my TIAA-Traditional account. There are plenty of withdrawal options and I just think of it like a 10 year CD that wi...
by nun
Tue Mar 10, 2015 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Investing As An Expat
Replies: 11
Views: 1453

Re: Investing As An Expat

Currently I don't pay any German taxes, because I'm resident in Taiwan. According to government of Taiwan, there's a tax agreement. http://www.dot.gov.tw/en/home.jsp?serno=200912160009&mserno=200912160006&menudata=EnMenu&contlink=content/treaty.jsp As of 25 December, 2012, there are 25 ...
by nun
Tue Mar 10, 2015 12:29 am
Forum: Investing - Help with Personal Investments
Topic: How to create a 3% return portfolio?
Replies: 52
Views: 6302

Re: How to create a 3% return portfolio?

The 30/70 *may* get 3-4% on average, but it's the variability that is consuming the OP. There is a reason why a 3% SWA is *not* supported with such a portfolio with anywhere close to a 100% success probability according to the monte carlo simulators. I take the OP at their word -> the OP is fixated...
by nun
Mon Mar 09, 2015 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: How to create a 3% return portfolio?
Replies: 52
Views: 6302

Re: How to create a 3% return portfolio?

Has anyone purchase annuities through Vanguard? Does this provide an extra level of security or are they simply brokers? Thanks. Vanguard don't sell the annuities themselves, you get quotes from big insurance companies like Principal and Omaha, but if you have a pension you probably don't need an S...
by nun
Mon Mar 09, 2015 6:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to create a 3% return portfolio?
Replies: 52
Views: 6302

Re: How to create a 3% return portfolio?

Pension = non adjusted cost of living As to SPIA... any advantage to using Vangurad's service? I know you need to be very careful with annuities. Anyone with experience care to comment on this approach to retirement funds? Worst case examples? If you already have a pension then an SPIA might not be...
by nun
Mon Mar 09, 2015 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Non-resident alien, 22 looking for substitutes to 401k/IRAs
Replies: 6
Views: 768

Re: Non-resident alien, 22 looking for substitutes to 401k/I

The US has tax treaties with most countries and retirement accounts are often well covered so you can maintain them in the US and keep the tax deferral until you retire... This does not defuse the US estate tax landmine. If you move back home and then have the poor judgement to die before retiring ...
by nun
Mon Mar 09, 2015 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Investing As An Expat
Replies: 11
Views: 1453

Re: Investing As An Expat

Let's say I fund my interactive broker account with an account denominated in Euro, but I'm a resident in Asia. Will Interactive Brokers deduct the tax directly from my account or do I have to declare that by myself? Will I pay tax in the country I have residence in? It entirely depends of the two ...
by nun
Mon Mar 09, 2015 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Investing As An Expat
Replies: 11
Views: 1453

Re: Investing As An Expat

This is a massively complex area and depends on where you invest your money, where you live and the tax treaty between those countries. If you are American it also depends on your citizenship. Very broad principals are that where you live and work has primary taxation authority and what you are tax ...
by nun
Mon Mar 09, 2015 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Non-resident alien, 22 looking for substitutes to 401k/IRAs
Replies: 6
Views: 768

Re: Non-resident alien, 22 looking for substitutes to 401k/I

ACP, What is you nationality and where you go if you left the US? The US as tax treaties with most countries and retirement accounts are often well covered so you can maintain them in the US and keep the tax deferral until you retire. Also if you are working in the US and contributing to a 401k are ...
by nun
Mon Mar 09, 2015 11:15 am
Forum: Investing - Help with Personal Investments
Topic: How to create a 3% return portfolio?
Replies: 52
Views: 6302

Re: How to create a 3% return portfolio?

Well as you are very conservative you might consider an SPIA for some of the portfolio....the IRRs on those if you live to your expected age are around 3%
by nun
Sun Mar 08, 2015 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: What is your fixed income mix?
Replies: 33
Views: 3055

Re: What is your fixed income mix?

Bond fund investing for the next decade or so seems to be about staying in intermediate bonds, not panicking when interest rates start to go up and being content with lower returns until the hit to prices works itself out. Higher interest = higher distributions. I don't care what the price is doing...
by nun
Sun Mar 08, 2015 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: What is your fixed income mix?
Replies: 33
Views: 3055

Re: What is your fixed income mix?

Bond fund investing for the next decade or so seems to be about staying in intermediate bonds, not panicking when interest rates start to go up and being content with lower returns until the hit to prices works itself out. My bonds include VBTLX, the Wellesley component and VFIDX You might also look...
by nun
Sun Mar 08, 2015 2:14 pm
Forum: Investing - Help with Personal Investments
Topic: Pension as a substitute for bond funds
Replies: 17
Views: 1589

Re: Pension as a substitute for bond funds

This is a no-brainer for me. Getting a no-risk 7% guaranteed COLA income stream almost sounds too good to be true. There was a thread here recently about the much ballyhooed Yale endowment. They are the poster child of efficient, high return investing and their annual distribution is only 5.3%. I w...
by nun
Sun Mar 08, 2015 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Pension as a substitute for bond funds
Replies: 17
Views: 1589

Re: Pension as a substitute for bond funds

Imagine waking up tomorrow morning with 50% of your assets gone. And when the stock market crashes, your housing equity will as well (look at the 1930s data for US housing prices or just about any other western country). You would be very glad then of a stable pension. Most people would kill to get...
by nun
Sun Mar 08, 2015 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Pension as a substitute for bond funds
Replies: 17
Views: 1589

Re: Pension as a substitute for bond funds

A sense of whether $263k is a lot of your personal assets or a little? It seems like it's only 25% so given the tradeoffs I'd jump at the chance, I think. Given it is CPI indexed. Yes they could change it. If it is Illinois they *will* change it (to avert a state financial crisis). Doubtless there ...
by nun
Sun Mar 08, 2015 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Pension as a substitute for bond funds
Replies: 17
Views: 1589

Re: Pension as a substitute for bond funds

You will get that $260k back in ~10 years so everything is gravy from then on starting when you are a young 65. Perhaps you need to plan to spend or give more to use up some of the excess. What a wonderful problem to have! Do you consider the rental guaranteed money? Will you sell at some time? Do ...
by nun
Sun Mar 08, 2015 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Pension as a substitute for bond funds
Replies: 17
Views: 1589

Re: Pension as a substitute for bond funds

I don't see anything not to like with this plan. I'd be all over it. After running the numbers that's what my brain knows, but I'm experiencing the psychological hurdle of taking $263k from my portfolio to start a COLAed $20k annual income in a year from now, when I'm 55. It's a great deal......but...
by nun
Sun Mar 08, 2015 12:45 am
Forum: Investing - Help with Personal Investments
Topic: US-citizen living abroad... can i invest in ETFs?
Replies: 19
Views: 1604

Re: US-citizen living abroad... can i invest in ETFs?

Have you considered if there are any restrictions Switzerland places on its residents owning foreign ETFs. The UK has such restrictions and taxes all dividends and capital gains at income tax rates for funds that are not on a approved list. Also remember to understand your Swiss tax obligations and ...
by nun
Sun Mar 08, 2015 12:30 am
Forum: Investing - Help with Personal Investments
Topic: Pension as a substitute for bond funds
Replies: 17
Views: 1589

Re: Pension as a substitute for bond funds

As a substitute for part of my fixed income portfolio I think it looks pretty good.......with all the caveats about living long enough that go with pensions/annuities.
by nun
Sat Mar 07, 2015 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Pension as a substitute for bond funds
Replies: 17
Views: 1589

Re: Pension as a substitute for bond funds

It sounds wonderful! Maybe compare with a COLAd SPIA for another data point. It blows a COLAed SPIA away....I got quotes from Omaha and Principal and the starting payment is half what the state pension pays. The COLA on the state pension is not guaranteed, but they've given 3% for the last 15 years...
by nun
Sat Mar 07, 2015 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Pension as a substitute for bond funds
Replies: 17
Views: 1589

Re: Pension as a substitute for bond funds

Its all above board, okayed with the IRS and required a bill to go through the legislature. It came out of 2008 when I think certain powerful state employees/politicians got burned in the DC plan and wanted a do over. The pension board is annoyed at all the complications for a comparatively small nu...
by nun
Sat Mar 07, 2015 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: Pension as a substitute for bond funds
Replies: 17
Views: 1589

Pension as a substitute for bond funds

Th outlook and prognostications for the return on bond funds for the next 10 years isn't great....certainly not as good as the last few decades. So as a recent retiree at age 53 with a 60/35/5 current asset allocation, I worry about fixed income being a drag in my first retirement decade. I only nee...
by nun
Fri Mar 06, 2015 4:00 pm
Forum: Investing - Theory, News & General
Topic: Backpedaling: Rising Equity Allocation During Retirement
Replies: 38
Views: 4495

Re: Backpedaling: Rising Equity Allocation During Retiremen

Pfau writes: Do remember that ultimately, this whole discussion is about appropriate default glidepaths for those who have very little interest in investments… what should target date funds do post-retirement? Those with greater sophistication should be determining asset allocation based on their f...
by nun
Thu Mar 05, 2015 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Stable value funds
Replies: 11
Views: 1042

Re: Stable value funds

With $4300/month pension who needs fixed income.

I might keep a bit of emergency cash in the 457 stable value but with a safe pension income coming in I'd probably be upping my equity allocation.
by nun
Thu Mar 05, 2015 11:30 am
Forum: Investing - Theory, News & General
Topic: Backpedaling: Rising Equity Allocation During Retirement
Replies: 38
Views: 4495

Re: Backpedaling: Rising Equity Allocation During Retiremen

+1. I believe the excellent point you are making has gotten lost in the sequence of return discussion. If a retiree has allocated funds to low risk assets like short term bonds, CDs, etc. that will cover expenses for at least 5 to 7 years, they have greatly reduced the sequence of return risk. Ther...
by nun
Thu Mar 05, 2015 8:44 am
Forum: Personal Finance (Not Investing)
Topic: expat teacher no pension question about saving fo retirement
Replies: 10
Views: 1339

Re: expat teacher no pension question about saving fo retire

Are you using FEIE? You can arrange things so that you can contribute to a ROTH and you might want to investigate SPIAs. You will need to come up with a budget to know how much you need to retire. Then you can add up income sources to see if you have enough. You might be able to withdraw 4% of your ...
by nun
Wed Mar 04, 2015 9:57 pm
Forum: Investing - Theory, News & General
Topic: Backpedaling: Rising Equity Allocation During Retirement
Replies: 38
Views: 4495

Re: Backpedaling: Rising Equity Allocation During Retiremen

A pension, rent, SS or a stable value fund would alternatives to a CD ladder. If you do get all your income from "rock solid sources" do you go on a reverse glide path with anything else you have and just let your equity percentage grow or would you rebalance. I rebalanced in the past and ...
by nun
Wed Mar 04, 2015 5:42 pm
Forum: Investing - Theory, News & General
Topic: Backpedaling: Rising Equity Allocation During Retirement
Replies: 38
Views: 4495

Re: Backpedaling: Rising Equity Allocation During Retiremen

The flip side of this is the idea that equity allocations should drop around retirement. That is because of sequence of returns risk.* Put that together with the Kitces and Pfau paper, and you have this shiny new thing. I agree with nisiprius, the whole thing was (is) poorly understood and oversold...
by nun
Wed Mar 04, 2015 2:28 pm
Forum: Investing - Theory, News & General
Topic: Backpedaling: Rising Equity Allocation During Retirement
Replies: 38
Views: 4495

Re: Backpedaling: Rising Equity Allocation During Retiremen

My approach is to get my basic expenses from "guaranteed" sources. I'm only 54 so SS a while away. I cover my expenses from rent on an apartment I own and a pension/annuity. Hopefully i won't need to draw anything from my portfolio so I've increased from 50/50 to 70/30 and might consider a...
by nun
Wed Mar 04, 2015 1:11 pm
Forum: Investing - Theory, News & General
Topic: Backpedaling: Rising Equity Allocation During Retirement
Replies: 38
Views: 4495

Re: Backpedaling: Rising Equity Allocation During Retiremen

Interestingly I'm 54 and retired and just took a step up in my equity allocation because I bought a SPIA with some stable value and Total Bond Index money. Pre annuity my AA was 50/50, after, the remaining portfolio is 70/30. If I can get an average of 1% greater return with the higher equity portfo...
by nun
Tue Mar 03, 2015 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer Money out of TIAA Guaranteed Annuity for more risk?
Replies: 2
Views: 318

Re: Transfer Money out of TIAA Guaranteed Annuity for more r

I'd keep the 25% TIAA-Traditional, its a great fixed income opportunity and lots of people would be glad of it. Just concentrate your contributions in equities if that's want you want to do.
by nun
Mon Mar 02, 2015 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Foreign Earned Income and IRA Contributions
Replies: 4
Views: 278

Re: Foreign Earned Income and IRA Contributions

Thank you both for the confirmation. I live in Japan. How can I tell whether my tax rate in Japan is higher/lower than in the US? I'm okay for 2014 taxes but for 2015, given the falling yen I could be in the situation as described above where I don't have sufficient earned income to cover IRA contr...
by nun
Mon Mar 02, 2015 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Would you buy into this state defined benefit pension?
Replies: 16
Views: 1582

Re: Would you buy into this state defined benefit pension?

I would... Florida did a similar change in July of 2012 removing a 3% annual cola for new hires and prorating the cola for those who had not reached retirement @ .1% per year for years of service prior to the change date. I was not affected as I was already retired in a DROP program. For purposes o...
by nun
Mon Mar 02, 2015 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Would you buy into this state defined benefit pension?
Replies: 16
Views: 1582

Re: Would you buy into this state defined benefit pension?

MA has given a COLA for practically every year. If I assume a 3% COLA on $13k of the pension to age 84 the IRR is 7.4%, without the COLA it's 5.4%, but obviously the longevity, stable income and control of market risk factors are more important to me. My thought is that where the politics are weak ...
by nun
Mon Mar 02, 2015 7:41 am
Forum: Investing - Help with Personal Investments
Topic: Would you buy into this state defined benefit pension?
Replies: 16
Views: 1582

Re: Would you buy into this state defined benefit pension?

Nun, your Full Retirement Age (FRA) is $2663 is 67. Also, your US Social Security benefit may be subject to the Windfall Elimination Provision (WEP) which could significantly reduce that benefit. This is because you will be collecting a foreign pension simultaneously. You probably were aware of bot...

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