Search found 2250 matches

by ofcmetz
Wed Feb 28, 2018 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Buying pension credit: Should I use pre or post tax dollars?
Replies: 20
Views: 1305

Re: Buying pension credit: Should I use pre or post tax dollars?

In 2014, I bought 5 years of credit for $103,000 using a trasnsfer from my 403B and state 457B plan. I’ll be eligible for normal retirement next August. I’d definitely do pretax money if you can transfer with no penalties. Buying time in your pension can sometimes be ones greatest investment.
by ofcmetz
Thu Feb 08, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: "3 Investing Mistakes to Avoid"
Replies: 20
Views: 3468

Re: "3 Investing Mistakes to Avoid"

I think Jack Bogle has said something very similar. One key to success is avoiding big errors. My observation is the big errors are usually behavioral. It’s when we try to do something that we screw up, rather than sticking to a good plan and doing nothing. It’s harder to do nothing sometimes than ...
by ofcmetz
Thu Feb 08, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6385
Views: 1369035

Re: U.S. stocks in freefall

Crushtheturtle wrote:
Tue Feb 06, 2018 4:09 am
Looks like I picked the wrong week to stop drinking.
I stop drinking every day until 5pm when I change my mind again.

Looks like we will get to the correction range today possibly. I’m not doing anything but letting my new (her 401K and his 457B) money go towards equities.
by ofcmetz
Mon Feb 05, 2018 11:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6385
Views: 1369035

Re: U.S. stocks in freefall

Today is a reminder of several things. First, markets do awfully weird things for no apparent reason. I see absolutely no logic in the market dropping over 600 points on Friday and over 1,100 points the next Monday. Really, what has changed in the last couple of weeks? Not much. Second, you never k...
by ofcmetz
Mon Feb 05, 2018 8:35 pm
Forum: Investing - Theory, News & General
Topic: RBD alert [Really Bad Day]
Replies: 86
Views: 10388

Re: RBD alert [Really Bad Day]

White Coat Investor wrote:
Mon Feb 05, 2018 5:37 pm
Jacobkg wrote:
Mon Feb 05, 2018 5:35 pm
Can someone remind me what course of action is recommended by the proponents of the RBD philosophy?
You're supposed to put your February 401(k) contribution in today.
My wife's go in tomorrow. Market will be up 10% tomorrow now.
by ofcmetz
Mon Feb 05, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6385
Views: 1369035

Re: U.S. stocks in freefall

I remember when this thread kicked off in 2011. I had a lot less invested then, but was moved a lot more emotionally with the ups and downs of the markets. Now I appreciate even more the value of following a plan. At the end of last year we were basically putting new savings into fixed income and ev...
by ofcmetz
Mon Nov 27, 2017 2:20 pm
Forum: Investing - Theory, News & General
Topic: What makes real estate a unique sector?
Replies: 25
Views: 1858

Re: What makes real estate a unique sector?

The TIAA Real Estate Fund is probably the closest thing that you can buy as a fund to actual commercial real estate. There are a ton of posts about it on here. I look at real estate as less risky than stocks and more than fixed income. Direct ownership works for many people I know but it’s about lik...
by ofcmetz
Mon Nov 27, 2017 2:14 pm
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 142
Views: 14421

Re: Bonds Are Riskier Than People Think

Bonds index funds have much more liquidity than CD’s in some cases. Over time they may yield more as well. They are also the only thing some workers may have available to them if they invest primarily through 401K’s still. I don’t find them riskier than other fixed income. They are just different. I...
by ofcmetz
Fri Oct 20, 2017 12:38 am
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 13938

Re: new 401(k) limits announced

Nice! So I can put $500 more in both my 403B and 457B.
by ofcmetz
Fri Oct 20, 2017 12:33 am
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 6453

Re: Is a crash coming soon?

Sandtrap wrote:
Thu Oct 19, 2017 5:43 pm
I hope so.
Then prices will be a bargain.
I'm ready. :D
Maybe or maybe not. If something fundamentally changes in the world or economy then even with a crash things may not be cheap.
by ofcmetz
Fri Oct 20, 2017 12:29 am
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 6453

Re: Is a crash coming soon?

HomerJ wrote:
Thu Oct 19, 2017 1:14 pm
Set your Asset Allocation assuming a crash could happen tomorrow. Because it could.

This is true all the time.

^This is exactly my mindset.

The exact time and reason for a crash is unpredictable. All we know is that one day there will be one.
by ofcmetz
Fri Oct 20, 2017 12:21 am
Forum: Investing - Theory, News & General
Topic: Charles schwab - why so much cheaper?
Replies: 53
Views: 9759

Re: Charles schwab - why so much cheaper?

I use both. I think they are both decent choices to invest through. I don’t believe there is a catch. Costs are lower than in the past thanks to Vanguard. Everyone else is just staying competitive so as not to get left behind.
by ofcmetz
Sun Sep 03, 2017 7:21 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6385
Views: 1369035

Re: Re:

I put in an order to sell some of my bond fund today and purchase a little of my stock index. Would that still go through after hours if trading was halted? Ofcmetz: You may want to wait on selling bonds to buy stock index. I believe the market will continue to decline. I hope this reaches you in t...
by ofcmetz
Sun Sep 03, 2017 2:34 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6385
Views: 1369035

Re: Re:

I put in an order to sell some of my bond fund today and purchase a little of my stock index. Would that still go through after hours if trading was halted? Ofcmetz: You may want to wait on selling bonds to buy stock index. I believe the market will continue to decline. I hope this reaches you in t...
by ofcmetz
Fri Jul 28, 2017 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: 100% Stock Portfolio For Late Starter?
Replies: 35
Views: 3408

Re: 100% Stock Portfolio For Late Starter?

Is the late starter an experienced investor? Usually not in most cases. I always think new investors need more in fixed income at least until they experience a crash. It's much better for a late starter to focus on savings rates and be 80/20 or 60/40. Then they can learn the roll fixed income plays ...
by ofcmetz
Fri Jul 28, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Plan Detective: Where do I find the "hidden" fees?
Replies: 8
Views: 804

Re: 403(b) Plan Detective: Where do I find the "hidden" fees?

Not all 403B plans are that bad. The $79 fee sounds pretty reasonable especially once you get your account up in value. My 403B through TIAA only charges the fund expenses, but some of the other ones available cost about what yours does.
by ofcmetz
Fri Jul 28, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate: gross or net?
Replies: 56
Views: 5013

Re: Savings rate: gross or net?

I keep it simple and measure my savings rate as a percentage of gross income. I don't compare myself to others instead I use their incredible savings habits to motivate me. If you can't save 10 to 15% of gross when into your professional career then you really to look at things. We used to shoot for...
by ofcmetz
Sun Jul 02, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 2545

Re: When to start taking Social Security for 64 year old

My Suggestion Convert tax deferred to Roth over the next few years, spread out the conversions, say over the next 5 years. Wait to 70 to start SS payment for COLA and longevity insurance. If either one has the longevity gene, this approach should work out for the best. They most likely will experie...
by ofcmetz
Sat Jul 01, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 2545

Re: When to start taking Social Security for 64 year old

The numbers he gave me include spousal benefits. I'm editing the first post to include that.
by ofcmetz
Fri Jun 30, 2017 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 2545

Re: When to start taking Social Security for 64 year old

I'm certainly no expert, but doesn't social security have a cap of how much it pays per month? I thought it was $2,687 max per month, and that is a full retirement age. If that is true, your fathers calculations about how much he would receive is off. I agree that your numbers posted for SS benefit...
by ofcmetz
Fri Jun 30, 2017 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 2545

Re: When to start taking Social Security for 64 year old

I'm certainly no expert, but doesn't social security have a cap of how much it pays per month? I thought it was $2,687 max per month, and that is a full retirement age. If that is true, your fathers calculations about how much he would receive is off. Interesting. I'll check with him tomorrow and u...
by ofcmetz
Fri Jun 30, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 2545

When to start taking Social Security for 64 year old

Hello Bogleheads, My father, who is a missionary and lives out of country, is staying with me at my house for a few weeks this summer and the subject of when to take social security came up. I said, why don’t we ask the Bogleheads! He is currently living at a cost of about $3,000 per month which he ...
by ofcmetz
Mon Jun 19, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3743

Re: Early retirement checkup for 38 year old

Make sure to set a retirement date, then surprise everyone by actually retiring a week earlier. I've seen too many cop movies where the senior partner gets shot one day before retirement. :) This is a very good idea. Lol. I've also seen the same movies. It's never a good idea to come to work on you...
by ofcmetz
Mon Jun 19, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3743

Re: Early retirement checkup for 38 year old

I like your situation a lot better if you can last the 5 years. With only your wife's SS, the pension number does not look as good. 5 years would max the pension plus give you another 5x $52,000 annual savings. You mention your wife's job, so just to confirm is she planning to work until full retir...
by ofcmetz
Mon Jun 19, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3743

Re: Early retirement checkup for 38 year old

I have two siblings who retired in their 40s from law enforcement, one who waited for the pension to max out and the other who didn't. One regrets the decision, the other does not. Guess which one has regrets? No matter how you slice it, you will be retiring much earlier than most Americans. But on...
by ofcmetz
Mon Jun 19, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3743

Re: Early retirement checkup for 38 year old

Why are you retiring from LE so young? I'm in the same profession, so I'm sure I'll understand your thought process. Can you work longer and increase your pension or do you max out after 24 years? I personally would need more of a cushion to pull the plug. I would strongly suggest you max out all y...
by ofcmetz
Mon Jun 19, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3743

Re: Early retirement checkup for 38 year old

A big question I have is about social security and what you'll be able to receive given you're retiring well short of FRA. I do wonder, though: $210k combined income, $52500 in investments, but only $72k in expenses? Or is the $72k expense figure a proposed figure for retirement years that doesn't ...
by ofcmetz
Sun Jun 18, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3743

Re: Early retirement checkup for 38 year old

Police Pension (not inflation adjusted): Worth $45,000 a year if I leave today. If I leave in 2 years it will pay $60,000. If I leave in 5 years will be worth $70,000 a year. That's almost double in 5 years. Something to think about. Almost doubling your guaranteed liquid income in retirement for l...
by ofcmetz
Sun Jun 18, 2017 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3743

Re: Early retirement checkup for 38 year old

PFInterest wrote:Why are you not maxing out your wife's 401k?
Just because it is set as a percentage and because I wasn't maxing my 403B yet either. We are saving about 25% of gross. Would you advise we increase it?
by ofcmetz
Sun Jun 18, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3743

Re: Early retirement checkup for 38 year old

Very impressive! The rosy picture will be even rosier if you can manage to get rid of your mortgage in 5 years instead of 7. Ditto the car payment and, of course, avoiding any additional debt. You can always work part-time if needed. Thanks for your years of service. I've thought about this but fig...
by ofcmetz
Sun Jun 18, 2017 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3743

Re: Early retirement checkup for 38 year old

Thanks for your service. It is nice that your hard work and service will pay off. Overall your situation seems positive for early retirement. Obviously, if you can make it 5 years, that seems like a great return for amount of additional service. I would have more of a emergency cushion, 15k when yo...
by ofcmetz
Sun Jun 18, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3743

Early retirement checkup for 38 year old

I find myself in a situation where I will only be working 2 to 5 more years at my current job. We are making more right now than I ever thought we would be making, but I realize that this will only continue for a few more years. We have two kids aged 9 and 11 who attend a moderately priced private s...
by ofcmetz
Wed Jun 14, 2017 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Would you take a 25% pay cut for more professional satisfaction?
Replies: 57
Views: 5243

Re: Would you take a 25% pay cut for more professional satisfaction?

Funny, I took a 25% pay cut about 2.5 years into my police career when I was almost 22. I had a blast at the second job, but couldn't hardly live off the pay. I only made it because my wife was working full time at the local EMS. When she got into nursing school, I had to quit and go back to the ori...
by ofcmetz
Sun Jun 11, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Feasible path to early retirement?
Replies: 18
Views: 2704

Re: Feasible path to early retirement?

OP I know what it's like to work with a medical condition that could end a career in ones thirties. Maybe consider government employment as they offer a lot of group long term disability insurances. My state offers me one for a minimal amount of money. You got to balance living life with preparing f...
by ofcmetz
Wed May 31, 2017 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 165
Views: 26571

Re: What do you guys do on the side?

Police officer here. I work security details for $50 an hour doing all kinds of interesting things. My favorites involve security at college baseball games (takes 12 officers per game). I usually get about 20 hours of these side jobs (details) a week throughout the year. I work everything from weddi...
by ofcmetz
Wed May 17, 2017 10:37 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Retirment Savings trust II
Replies: 9
Views: 1753

Re: Vanguard Retirment Savings trust II

If you can live off of pensions you will be fine either way. That said, I'd put part of it in total market index funds and the rest in bond funds. I'd probably put 50% in each. Something that is going to probably lose to inflation and that is yielding less than a total bond market index fund doesn't...
by ofcmetz
Wed May 17, 2017 10:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6385
Views: 1369035

Re: U.S. stocks in freefall

I just got through working 22 days straight at the PD. It's nice to get on the bogleheads.org and see this old friend of a thread. I read in the WSJ a few days ago that $10,000 of Amazon.com purchased on the day of the IPO 20 years ago this week is now worth 4.9 million. The article then says you'd ...
by ofcmetz
Sat May 13, 2017 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5734

Re: Anyone else dial down retirement savings?

It's hard to respond without knowing your income. If you make $90,000 and are saving $45,000 then yeah that's probably a bit much. If you are saving $45,000 off of a $200,000 income, well that's completely different. I've thought about decreasing my retirement saving to pay off my house, but using t...
by ofcmetz
Tue May 09, 2017 9:26 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads' Guide to Investing. Latest Edition???
Replies: 10
Views: 1990

Re: Bogleheads' Guide to Investing. Latest Edition???

I read the first edition in 2011 and that's how I ended up here. It's a book I like to give away.
by ofcmetz
Wed May 03, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Favorite Financial Indulgences
Replies: 78
Views: 9237

Re: Favorite Financial Indulgences

1. Good beer
2. Good coffee
3. Giving
4. Frequent travel
by ofcmetz
Wed May 03, 2017 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: First Milestone of many!
Replies: 11
Views: 2307

Re: First Milestone of many!

Congrats! We just rolled a milestone which too and I celebrated as well.
by ofcmetz
Wed May 03, 2017 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 4507

Re: Do you know exactly what % of income you spend?

Grt2bOutdoors wrote:100% - living expenses, saving expenses, investing expenses and taxes account for all of it.
Is saving an expense now? :shock:
by ofcmetz
Wed May 03, 2017 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Do you know exactly what % of income you spend?
Replies: 48
Views: 4507

Re: Do you know exactly what % of income you spend?

Saving and giving take up 32.5% of gross. After taxes we spend the rest. We are close to spending about 50% of what we make.
by ofcmetz
Wed Apr 19, 2017 11:27 pm
Forum: Investing - Theory, News & General
Topic: Visualizing the devastating impact of fees
Replies: 54
Views: 6256

Re: The devastating impact of fees

Nice. I used to be around the 1% amount and am now around 0.25% for total fund ER plus account fees. It's nice to visualize the difference that can make.
by ofcmetz
Wed Apr 19, 2017 11:19 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 46758

Re: Larry Swedroe says "Goodby."

I'm thankful for all the time he spent over the years posting and debating on this site. I will miss seeing his posts. I wish him well.
by ofcmetz
Mon Mar 13, 2017 8:24 am
Forum: Investing - Theory, News & General
Topic: Reasons not to check the account balance too often
Replies: 42
Views: 5020

Re: Reasons not to check the account balance too often

10 times a day seems like a lot to look at actual balances. I do that once a week. I can look at the markets app on my iPhone and have a pretty good idea of what my portfolio is doing for the day. I probably do this once or twice a day although sometimes when I'm busy I forget to check. I don't thin...
by ofcmetz
Mon Mar 13, 2017 8:16 am
Forum: Investing - Theory, News & General
Topic: Anyone sorry they used bonds when starting out
Replies: 94
Views: 8349

Re: Anyone sorry they used bonds when starting out

I've worn body armor at work everyday for last 18 years. I haven't been shot in the chest yet. I could of been a lot more comfortable and cooler if I hadn't worn it. I look at keeping part of my portfolio in fixed income the same way. You'll wish you had done it if you needed it. No regrets here.
by ofcmetz
Mon Mar 13, 2017 8:09 am
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 175
Views: 30182

Re: Sitting on cash....Waiting for a crash

I'all add that money you need in less than 10ish years shouldn't be in stocks right now anyway. If it's money you don't need now them let it ride and keep adding to it. So, should those who are living off of their portfolio have 10 years of expenses allocated to cash? Or does it all go to bonds? Se...
by ofcmetz
Thu Mar 09, 2017 12:11 am
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 175
Views: 30182

Re: Sitting on cash....Waiting for a crash

I'all add that money you need in less than 10ish years shouldn't be in stocks right now anyway. If it's money you don't need now them let it ride and keep adding to it.
by ofcmetz
Thu Mar 09, 2017 12:06 am
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 175
Views: 30182

Re: Sitting on cash....Waiting for a crash

I'm 37. Wife is 40. We are 70% equities, 10% TIAA Real Estate fund, and 20% fixed income. Bonds pay higher interest today than they did last year. Did you know they would drop in value then? Next year they may pay less interest and be up in value. Do you think that will happen? In 2016, stocks went ...