Search found 2193 matches

by ofcmetz
Sun Feb 12, 2017 5:48 am
Forum: Investing - Theory, News & General
Topic: Charles Schwab Experiences?
Replies: 68
Views: 6265

Re: Charles Schwab Experiences?

We are using Schwab for a custodial brokerage account for my son. Their $100 minimums for the total stock market index funds are great for this. Their customer service was nice even though we have just a small amount invested there.
by ofcmetz
Wed Jan 18, 2017 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Let's say you are dying this year
Replies: 46
Views: 6865

Re: Let's say you are dying this year

I don't have much to add letsgobobby, but I want to let you know that we will be thinking of you and your family during this rough year. I'm hoping you are able to have a few more good times yet with them this year. I like the idea of donating the miles to a charity while they are still alive to enj...
by ofcmetz
Wed Jan 18, 2017 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Determining max amount to spend on a house?
Replies: 27
Views: 3319

Re: Determining max amount to spend on a house?

We spend about 15% of our monthly take-home pay on the mortgage, tax, and insurance on our home. This has been a really comfortable amount for us to spend. I think the main thing is not to be that person who doesn't do something because you need to be able to make the house payment. Or you don't wan...
by ofcmetz
Wed Jan 18, 2017 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Is it ok to stop contributing to retirement accounts?
Replies: 11
Views: 2251

Re: Is it ok to stop contributing to retirement accounts?

Does he get a match on his retirement contributions? If so at least put in enough to get this. If it were me I'd contribute less but still put in a little. As raises come in then raise it up what you save with each raise. Regardless of your situation if you can live on less than what you make you ar...
by ofcmetz
Tue Jan 10, 2017 4:55 am
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 245
Views: 28061

Re: Whats your number to walk away?

Age 66/ wife 44 5 kids youngest are 16/18, so still have some college expenses. Provide some support to older kids Currently $30mm At $50mm I would probably "retire", although my business is going well and gives me plenty of flexibility now. mm's is millions right? If it is then well play...
by ofcmetz
Mon Jan 02, 2017 1:33 pm
Forum: Investing - Theory, News & General
Topic: This is a good weekend to start tracking your net worth.
Replies: 69
Views: 5634

Re: This is a good weekend to start tracking your net worth.

Over the last 17 years, what actions have you taken based on this info? 1. Continued to save and increased my savings a bit. 2. Been reminded that some years you do everything right but your net worth may still go down. 2008. 3. Thought about finances more in terms of what actions increase wealth a...
by ofcmetz
Mon Jan 02, 2017 1:28 pm
Forum: Investing - Theory, News & General
Topic: This is a good weekend to start tracking your net worth.
Replies: 69
Views: 5634

Re: This is a good weekend to start tracking your net worth.

Watty I have been thinking about doing this. I guess I am just a little afraid of two things. I might start yield chasing to try to improve things. I might become too obsessed with my net worth and minimize thoughts of human capital. It might push me away from purchases that I can afford. How has t...
by ofcmetz
Mon Jan 02, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: This is a good weekend to start tracking your net worth.
Replies: 69
Views: 5634

Re: This is a good weekend to start tracking your net worth.

OP, funny you should mention that. I keep a similar spreadsheet and have net worth and investment portfolio totals on it for the last 13 years. I just updated it yesterday. It has been helpful to me to track our progress and encourages us to keep living below our means.
by ofcmetz
Fri Dec 30, 2016 2:08 pm
Forum: Investing - Theory, News & General
Topic: Are International Markets overdue for great gains?
Replies: 43
Views: 3600

Re: Are International Markets overdue for great gains?

OP, no one really knows if it's due. I international invest for diversification and wouldn't put my money there if it was because I thought it was due.
by ofcmetz
Fri Dec 30, 2016 2:05 pm
Forum: Investing - Theory, News & General
Topic: If you only have 20% in bonds...
Replies: 42
Views: 7065

Re: If you only have 20% in bonds...

We are 37 and 40 and have 20% in fixed income. We have half in the TIAA Traditional GRSA account and half in a stable value fund as both of these had much higher interest rates than TBM. When/ if interest rates get higher we will go back to having half of fixed income in these funds and half in TBM.
by ofcmetz
Mon Dec 26, 2016 3:19 am
Forum: Investing - Theory, News & General
Topic: Financial Independence is not the Holy Grail
Replies: 85
Views: 9146

Re: Financial Independence is not the Holy Grail

OP, thanks for the post. I've enjoyed reading all the discussion up unto this point. I work in a job where reaching full pension eligibility is the term we use for financial independence. I'm 2.7 years from this which is probably not much different than the amount of time it will take WCI to arrive ...
by ofcmetz
Mon Dec 26, 2016 2:21 am
Forum: Investing - Theory, News & General
Topic: TIAA Traditional: "Fair Value" or "Free Lunch"?
Replies: 31
Views: 2374

Re: TIAA Traditional: "Fair Value" or "Free Lunch"?

OP, thanks for the links and detailed post. I have enjoyed Traditional in a GRSA contract 403B for several years now. It seems to me to be a better choice than CD's or bond funds in this low interest rate environment. It feels like a free lunch to me, but you know how feelings are.
by ofcmetz
Mon Dec 26, 2016 2:16 am
Forum: Investing - Theory, News & General
Topic: Pimco Income Fund vs. Vanguard Total Bond Market
Replies: 51
Views: 3969

Re: Pimco Income Fund vs. Vanguard Total Bond Market

I think these are two very different bond funds here. I don't see why it has to be one or the other with fixed income. My strategy is to use passive whenever possible when it comes to bond (and any other) funds, but this Pimco fund would be fine in my opinion if you prefer the active route. Just rem...
by ofcmetz
Sat Dec 17, 2016 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: When will savings account rates rise?
Replies: 16
Views: 3400

Re: When will savings account rates rise?

A recent Wall Street Journal article said that big banks are usually slow to raise the interest that they pay on deposit accounts after the fed raises short term rates. It gives them longer to pocket a bit of profit. Think of the delay in the drop of the price of gasoline at gas stations after oil f...
by ofcmetz
Fri Dec 09, 2016 1:31 pm
Forum: Investing - Theory, News & General
Topic: Why not have an Emergency Fund in your Roth...(for those who can't max out anyways)
Replies: 22
Views: 2261

Re: Why not have an Emergency Fund in your Roth...(for those who can't max out anyways)

It's very easy to get your principle back out of a ROTH if you need it in a pinch. Just make sure you invest the part you consider emergency savings in something safe, and if you fill up the ROTH space then continue to pump your savings account up if you can. One day if your liquid savings outside o...
by ofcmetz
Fri Dec 09, 2016 4:19 am
Forum: Investing - Theory, News & General
Topic: Why not have an Emergency Fund in your Roth...(for those who can't max out anyways)
Replies: 22
Views: 2261

Re: Why not have an Emergency Fund in your Roth...(for those who can't max out anyways)

My ROTH IRA is step 2 of my emergency fund. I will fund it before funding my savings account even if the savings account was low.
by ofcmetz
Sat Nov 12, 2016 5:11 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 3333
Views: 839213

Re: U.S. stocks in freefall

Only bonds and foreign stocks in freefall right now. US stocks did great this last week.
by ofcmetz
Sat Nov 12, 2016 4:42 am
Forum: Personal Finance (Not Investing)
Topic: Monthly grocery costs? How do you keep it low?
Replies: 155
Views: 15669

Re: Monthly grocery costs? How do you keep it low?

Family of 4 here and we budget $550 a month for groceries. I eat out a lot of time during my police shifts, but I get a lot of half off deals at local restaurants. My kids have a cafeteria meal plan at school so our groceries only half to cover breakfast and dinner for them plus snacks. We shop at T...
by ofcmetz
Fri Nov 11, 2016 4:57 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 331
Views: 54677

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

I like fancy cars and expensive things, but I pay cash. To each his/her own! Life is too short to die with a gigantic pile of cash and never enjoy what you work for. I don't make enough to have all this^ and to still take vacations and save. I have friends who do and I actually enjoy hearing about ...
by ofcmetz
Tue Nov 08, 2016 1:40 pm
Forum: Investing - Theory, News & General
Topic: Secrets of the S&P500
Replies: 10
Views: 2355

Re: Secrets of the S&P500

Interesting look at the S&P500 by Josh Kennon. How Quiet Changes in the Methodology Are Fundamentally Transforming the Index http://www.joshuakennon.com/sp-500s-dirty-little-secret/ Paul Thanks for posting Paul. I found it interesting. We only use the S&P 500 in my wife's 401K where it's on...
by ofcmetz
Tue Nov 08, 2016 2:10 am
Forum: Personal Finance (Not Investing)
Topic: How to retire early (in your 30s or 40s)?
Replies: 173
Views: 23170

Re: How to retire early (in your 30s or 40s)?

Join the US Military at age 18, live below your means, save like crazy, & you can get out with immediate pension after 20y. Start a career in law enforcement at age 21 or 22, and with planning can be out in your forties. Be careful!, life gets in the way like mortgages, kids, and spouses! PS- 7...
by ofcmetz
Sun Oct 30, 2016 4:16 am
Forum: Personal Consumer Issues
Topic: Mr. Money Mustache donates $100k to charity, writes about effective altruism
Replies: 100
Views: 10753

Re: Mr. Money Mustache donates $100k to charity, writes about effective altruism

I don't subscribe to the giving has to be anonymous camp. If someone gives more to a good cause because they want to look good then who does that hurt. We give to our church, a local fund that supports police officers families after line of duty deaths, a program for kids in Ecuador, and to a charit...
by ofcmetz
Sun Oct 30, 2016 4:06 am
Forum: Investing - Theory, News & General
Topic: How much international?
Replies: 80
Views: 7567

Re: How much international?

I like simple round numbers. I'm 30% of total portfolio in international. In my experience international index funds don't increase in value, but they pay good dividends and one day they might increase a bit.
by ofcmetz
Sun Oct 30, 2016 4:02 am
Forum: Personal Finance (Not Investing)
Topic: Sued for General [Investment] Advice?
Replies: 43
Views: 5565

Re: Sued for General [Investment] Advice?

I tell people to save as much as they can in index funds. Hope that doesn't get me sued. I try to be prudent but I don't really worry about lawsuits. Of course in my line of work I've found that in cases where I just know I'll be sued I'm not. Then when I think there is no question that everything w...
by ofcmetz
Sun Oct 30, 2016 3:57 am
Forum: Personal Finance (Not Investing)
Topic: Count pension as a form of retirement savings.
Replies: 56
Views: 5543

Re: Count pension as a form of retirement savings.

I dismiss the pension I currently have and also dismiss social security when running my numbers. Those will simply be luxuries, but I want to have the investment earnings to retire, not rely on pensions. This may be a minority view, but I would rather over save then under save and be stuck in a pre...
by ofcmetz
Sun Oct 30, 2016 3:52 am
Forum: Personal Finance (Not Investing)
Topic: Count pension as a form of retirement savings.
Replies: 56
Views: 5543

Re: Count pension as a form of retirement savings.

Set your own savings goals and then try to meet them. Having a decent savings rate not only causes you to live below your means now but allows you to be used to spending less in retirement. My pension mandatory contribution is 9.5% of base pay. I view it as a tax and don't count it towards my saving...
by ofcmetz
Thu Oct 27, 2016 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Too much house down payment?(Please evaluate my portfolio)
Replies: 10
Views: 1454

Re: Too much house down payment?(Please evaluate my portfolio)

Having too much cash saved when you are planning to buy a home doesn't seem like a problem at all to me. Both times I bought houses I found myself in the opposite position with too little saved. At a 400K income with a massive down payment, I think a 750K house is doable. I probably wouldn't blow al...
by ofcmetz
Thu Oct 27, 2016 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Pension value increase. Is my thinking correct?
Replies: 12
Views: 1274

Re: Pension value increase. Is my thinking correct?

Only you can really know when your heart is no longer in it. Financially you should probably stay as long as you can, but there's no point having lots of money if you don't have the life to enjoy it. In other words, this is not a financial call, this is a personal call- -about emotions, life goals,...
by ofcmetz
Thu Oct 27, 2016 3:25 am
Forum: Investing - Help with Personal Investments
Topic: Pension value increase. Is my thinking correct?
Replies: 12
Views: 1274

Re: Pension value increase. Is my thinking correct?

If I leave my job and retire in January, 2017 I get $40,300 a year (immediate annuity cost $978,000). If I stay till January 2018 I get $45,619 (immediate annuity cost $1,107,000). ... should I calculate the approximate value increase from 2017 to 2018 as: ($1,107,000 - $978,000) - $40,300 = $88,70...
by ofcmetz
Wed Oct 26, 2016 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Pension value increase. Is my thinking correct?
Replies: 12
Views: 1274

Re: Pension value increase. Is my thinking correct?

Good Luck in whatever you decide. You have one of the toughest jobs out there, every day is a risk. Can you get a gig in-house still staying with the department that cuts the risk? I realize those jobs are tough to obtain for obvious reasons, but if its a possibility for you...... Thanks Grt2bOutdo...
by ofcmetz
Wed Oct 26, 2016 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Pension value increase. Is my thinking correct?
Replies: 12
Views: 1274

Re: Pension value increase. Is my thinking correct?

Is your pension fixed for those future years, or is it figured on some multiple of your salary? If you expect any raises between now and your retirement date these would increase the difference in the size of the future pension. That is, if your current salary is $64K, is it likely that your salary...
by ofcmetz
Wed Oct 26, 2016 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Pension value increase. Is my thinking correct?
Replies: 12
Views: 1274

Re: Pension value increase. Is my thinking correct?

You did not say but I assume your pension is not COLA based? Also, you should consider the pension system that you are in. Some public pension systems are seriously underfunded which will jeopardize their ability to meet their liabilities long term. Congratulations on being in the position to make ...
by ofcmetz
Wed Oct 26, 2016 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Pension value increase. Is my thinking correct?
Replies: 12
Views: 1274

Re: Pension value increase. Is my thinking correct?

That seems like a reasonable way to do it. Just remember to use the joint and survivor option that you'll probably be selecting when you retire. The present value of a joint survivor option is going to be higher than a single life in annuity . You could also just take the difference in yearly incom...
by ofcmetz
Wed Oct 26, 2016 4:01 am
Forum: Investing - Help with Personal Investments
Topic: 457b plan for Illinois teachers
Replies: 10
Views: 707

Re: 457b plan for Illinois teachers

OP, does your HR department not have someone you can talk to? I work for a rather large state organization and we have multiple 403B options as well as access to a state 457B plan. The best thing is you can contribute to both to the max as they don't offset. And governmental 457b's aren't can be wit...
by ofcmetz
Wed Oct 26, 2016 3:52 am
Forum: Investing - Help with Personal Investments
Topic: Pension value increase. Is my thinking correct?
Replies: 12
Views: 1274

Pension value increase. Is my thinking correct?

I'm at the point where if I walk, I get paid immediately for the rest of my life. I'm trying to put a number on what my pension benefit is going up each year. I got a nice little spreadsheet that I'm working on. I'm 37, but the lowest http://www.immediateannuities.com gives is for annuities starting...
by ofcmetz
Tue Oct 25, 2016 3:44 am
Forum: Investing - Theory, News & General
Topic: I want to buy some shares of Deutsche Bank would it be any extra tax work on me vs a US stock?
Replies: 4
Views: 645

Re: I want to buy some shares of Deutsche Bank would it be any extra tax work on me vs a US stock?

Just buy a bit of Vanguard Total International Index Fund in one of your tax advantaged accounts. You'll get a bit of Deutsche Bank and not have to worry about tax implications. Or you could buy some of the Fund in your taxable account and things will still be simple. cheers
by ofcmetz
Tue Oct 25, 2016 3:38 am
Forum: Investing - Theory, News & General
Topic: Dr. Bill Bernstein Books
Replies: 40
Views: 3625

Re: Dr. Bill Bernstein Books

Four Pillars was one of my earliest Boglehead reads, but Investor's Manifesto is the updated (and simplified) version. I now recommend it over Four Pillars. If You Can is also excellent. I think Four Pillars was also my first Boglehead read. I also usually recommend Investor's Manifesto, but since ...
by ofcmetz
Tue Oct 25, 2016 3:34 am
Forum: Investing - Theory, News & General
Topic: "The Simple Path to Wealth" -- A Gem
Replies: 27
Views: 8117

Re: "The Simple Path to Wealth" -- A Gem

Thank you for sharing those gems Taylor. Sounds like a book worth reading.
by ofcmetz
Mon Oct 24, 2016 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Real estate investing....thoughts
Replies: 19
Views: 2572

Re: Real estate investing....thoughts

OP, I work 60 to 70 hours a week as a police officer and am happy to not own or manage any real estate. I may look into this after retirement. I use the TIAA Real Estate fund for exposure, but would probably use a REIT index. My allocation is 10% of my portfolio. I think when you work serious hours ...
by ofcmetz
Mon Oct 24, 2016 4:01 am
Forum: Investing - Help with Personal Investments
Topic: quick 403(b) questions
Replies: 4
Views: 434

Re: quick 403(b) questions

It's really nice to be able to contribute to both a 403B and 457B plan at the same time. I think maxing during the first part of one year and then maxing during the second part of the next is the best idea. I don't understand jobs that make you wait a year before you can contribute to the retirement...
by ofcmetz
Tue Oct 18, 2016 7:02 pm
Forum: Investing - Theory, News & General
Topic: Account Transfers - Problems?
Replies: 7
Views: 869

Re: Account Transfers - Problems?

Not following this. If you transfer in-kind, then even when in transit you're fully invested. Now, going from a 401(k) or similar to an IRA where you have to cash out is a different story, but you're going to experience that regardless, so might as well get a bonus. Earl Ah yes, you are correct. I ...
by ofcmetz
Thu Oct 13, 2016 7:27 am
Forum: Investing - Theory, News & General
Topic: Account Transfers - Problems?
Replies: 7
Views: 869

Re: Account Transfers - Problems?

I've transferred my entire 403B from one provider to another as we have a choice of five different 403B's. This went smoothly, but was at a time of high market volatility so it caused a bit of unease on my part (2011). Transferring my wife's 403B to a IRA brokerage account at Vanguard also proceeded...
by ofcmetz
Tue Sep 27, 2016 4:45 am
Forum: Investing - Help with Personal Investments
Topic: 401(k) allocation for new Boglehead
Replies: 8
Views: 710

Re: 401(k) allocation for new Boglehead

Man, with expense ratio's that high I'd probably keep all my equity in the 500 index fund. How are the fixed income options in the 401K? I don't see the point of cash in a 401K and would prefer to use bond or stable value.
by ofcmetz
Mon Sep 26, 2016 3:38 am
Forum: Investing - Theory, News & General
Topic: Facing Up to low yielding world
Replies: 11
Views: 2389

Re: Facing Up to low yielding world

I've fled bonds for the happy warm place that is Stable Value Funds and TIAA Traditional. :twisted: I try to lower my expectations for fixed income returns to a level that even at these paltry yields I am satisfied.
by ofcmetz
Mon Sep 26, 2016 3:32 am
Forum: Personal Finance (Not Investing)
Topic: Can I pay off the 1k of credit card balance this way?
Replies: 15
Views: 1488

Re: Can I pay off the 1k of credit card balance this way?

But if I don't pay it off now and pay it off gradually in five years, what's the harm if any...? I'm using the discover card that I got in college, I don't think there's any interest charges on that right? That's not true. I hope the bigguy is saying this in jest. But in case he isn't, I'll say the...
by ofcmetz
Sun Sep 25, 2016 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Net Worth Milestone Today - $1.5M
Replies: 128
Views: 18093

Re: Net Worth Milestone Today - $1.5M

Congrats Meg! I respect that you are able to use leverage in real estate the way you have. I've seen your other posts and I think you realize the risks. I have made giving part of my budget and like to give along the way. My favorite way to celebrate is with a nice meal and glass of good scotch. Lis...
by ofcmetz
Thu Sep 22, 2016 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Should i buy this house?
Replies: 22
Views: 2651

Re: Should i buy this house?

I would hate to have a house where I heard highway noise constantly outside. Of course I love just sitting outside in the middle of the night and listening to light music from my cellphone or having conversations with the wife. I would keep looking if it were me.
by ofcmetz
Tue Sep 20, 2016 4:23 am
Forum: Personal Finance (Not Investing)
Topic: Pension Lump Sum - Age 32
Replies: 18
Views: 2344

Re: Pension Lump Sum - Age 32

I would take the option 2 and put it into a traditional IRA at Vanguard or Fidelity. It's a long time to wait on the pension and who knows what inflation will do between now and then.
by ofcmetz
Mon Sep 19, 2016 3:57 am
Forum: Investing - Theory, News & General
Topic: "Some Things I Know to be True"
Replies: 8
Views: 2704

Re: "Some Things I Know to be True"

I'm so happy to be keeping more of my investment returns. Thank you Mr. Bogle.

Thanks for the link Taylor. I thought about you today while touring the WW2 museum in New Orleans with my son.
by ofcmetz
Mon Sep 19, 2016 3:55 am
Forum: Investing - Theory, News & General
Topic: Adam Bold's Mutual Fund Stores & Mutual Fund Show (R.I.P.???)
Replies: 4
Views: 1014

Re: Adam Bold's Mutual Fund Stores & Mutual Fund Show (R.I.P.???)

In my experience Adam Bold's radio show primarily pushed actively traded funds, and he thought his advisors could pick the hot funds while helping one avoid the bad ones. I choose not to play that game and avoid it by just trying to get the market returns minus fees with plain vanilla index funds. S...

Go to advanced search