Search found 2028 matches

by sschullo
Sun Dec 04, 2016 12:04 pm
Forum: Personal Consumer Issues
Topic: Which country in Africa to visit?
Replies: 34
Views: 1531

Re: Which country in Africa to visit?

Yeah, S. Africa and Egypt, and Morroco are the default tourist attractions and are wonderful, so I have heard. Egypt and Morroco are on my bucket list. I have visited four other African countries (Tanzania, Botswana, Zambia, Zimbabwe). If you are into remote destinations that you have to get to by s...
by sschullo
Wed Nov 30, 2016 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Should I add to Wellesley instead of Total Bond?
Replies: 26
Views: 1813

Re: Should I add to Wellesley instead of Total Bond?

You want what we all want, higher returns, low risk. As Taylor said, 3% is not enough to trigger rebalancing. But I see something else in your post: you are getting uncomfortable about the risk you are taking with your current stock/bond/cash allocation, your AA. I don't think Wellesley will make yo...
by sschullo
Tue Nov 29, 2016 9:30 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman challenges John Bogle
Replies: 149
Views: 11007

Re: Paul Merriman challenges John Bogle

I like Merriman and listened to his podcasts for a decade and his data going back to 1928 seems accurate. But he also annoys me when makes the small cap tilt to get that extra return a big deal, and more complications for new investors. He needs to keep it simple for new investors.
by sschullo
Sat Nov 26, 2016 8:05 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

My wife's fortunate in that her district's 403(b) uses Vanguard. Reading this article was a real eye-opener. The real losers on this are those who work in states where they aren't eligible for Social Security and yet have to depend on these plans for possibly the bulk of their retirement. The NEA s...
by sschullo
Wed Nov 23, 2016 9:58 am
Forum: Personal Consumer Issues
Topic: How many of you have cut cord?
Replies: 172
Views: 12512

Re: How many of you have cut cord?

The word "cord" brings up memories of chopping wood with my father for our house furnace in cold northern Wisconsin winter way back when! :D https://www.youtube.com/watch?v=MLICD83B_qg sschullo: The youtube, too funny, thanks! I just split a cord of wood, myself, and by hand with a wedge....
by sschullo
Tue Nov 22, 2016 8:38 pm
Forum: Personal Consumer Issues
Topic: How many of you have cut cord?
Replies: 172
Views: 12512

Re: How many of you have cut cord?

If this has already been discussed, I'm sorry. Just curious? We have just officially cut the cord with cable/satellite a few weeks ago with direct tv and I must say it feels liberating. Even as a sports fan, I'm noticing I spend more quality time with my wife and daughter in the evenings. I read mo...
by sschullo
Tue Nov 22, 2016 9:42 am
Forum: Personal Consumer Issues
Topic: "Musk Says Tesla’s Solar Shingles Will Cost Less Than a Dumb Roof"
Replies: 78
Views: 8246

Re: "Musk Says Tesla’s Solar Shingles Will Cost Less Than a Dumb Roof"

Elon Musk seems to be the guru of millions of millennials today. He's a brilliant guy who thinks he can find a way to control the rays of the sun. Why not? Not just millennials. We bought his car because it creates American jobs with American workers and American ingenuity, and it helps with the Ca...
by sschullo
Sun Nov 20, 2016 6:52 pm
Forum: Local Chapters and Bogleheads Community
Topic: Valuethinker has surpassed 30,000 posts
Replies: 39
Views: 3114

Re: Valuethinker has surpassed 30,000 posts

Valuethinker wrote:
sschullo wrote:
Rob5TCP wrote:One of my favorites -- Congrats and keep them coming.

Maybe Bogleheads have an honor roll
over 5,000
10,000
25,000
50,000
etc.


How about over 2000? :wink:


Quality beats quantity any day of the week my friend ;-).


:sharebeer
by sschullo
Sat Nov 19, 2016 7:52 pm
Forum: Local Chapters and Bogleheads Community
Topic: Valuethinker has surpassed 30,000 posts
Replies: 39
Views: 3114

Re: Valuethinker has surpassed 30,000 posts

Rob5TCP wrote:One of my favorites -- Congrats and keep them coming.

Maybe Bogleheads have an honor roll
over 5,000
10,000
25,000
50,000
etc.


How about over 2000? :wink:
by sschullo
Wed Nov 16, 2016 9:21 am
Forum: Investing - Theory, News & General
Topic: financial advisor core skillset
Replies: 18
Views: 1342

Re: financial advisor core skillset

I think it was William Bernstein who wrote that by the time an individual has the knowledge sufficient to choose a good financial advisor, he can probably do the investing himself. That being said, I chose to go the advisor route. Dave Dave, Your decision to go the advisor route brings up some of m...
by sschullo
Tue Nov 15, 2016 8:21 pm
Forum: Investing - Theory, News & General
Topic: financial advisor core skillset
Replies: 18
Views: 1342

Re: financial advisor core skillset

Over the course of my career, I served as a consultant to several asset and wealth managers. Over 10 years ago we did a project for a large, well-known wealth manager (I'll just say it wasn't vanguard) where we flew around the country to meet with their top FAs to gather their suggestions for compu...
by sschullo
Tue Nov 15, 2016 8:13 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 2088
Views: 510206

Re: What Movie Have You Recently Watched?

DSInvestor wrote:12 Angry Men (1957 version) starring Henry Fonda. good stuff.


I saw the movie and the play. Loved the dynamics of the strong-willed characters changing their biased minds when confronted with the evidence, while a some just changed their minds because of peer pressure. Powerful stuff!
by sschullo
Tue Nov 15, 2016 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Monthly grocery costs? How do you keep it low?
Replies: 155
Views: 14485

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

We spend $250 a month on average for two people. We shop at salvage markets, especially for produce. We shop at ethnic markets for meats and vegetables. We shop at discounters like 99 Only, Aldi and Winco Foods, the latter being the cheapest on store brands, certain meats and spices. Fry's (Kroger'...
by sschullo
Fri Nov 04, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 60
Views: 6752

Re: Great 403b for teachers?

I just got done skimming through this thread... I was wondering, does anyone know if your district has to offer this plan as an existing option in order to be able to enroll or can one simply be a member of the NEA or any of it's affiliates? I am in Michigan and my wife is a teacher. The Michigan E...
by sschullo
Thu Nov 03, 2016 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 60
Views: 6752

Re: Great 403b for teachers?

Thanks for the updates. Hasn't quite been a full year yet, but everything has been smooth and I don't have any issues with the plan at this point. I find the website easy to use and though I haven't changed anything with the plan, I've tried out the system all the way to the final confirmation and ...
by sschullo
Thu Nov 03, 2016 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 60
Views: 6752

Re: Great 403b for teachers?

My response is in red . I just wonder how many members have enrolled in their SB self-directed plan. You mentioned four that we know of and they are all less than a year. I wonder also! NEA should be willing to tell us, don’t you think? YEAH! Why don't they? Their silence a clear message that it's o...
by sschullo
Mon Oct 31, 2016 12:11 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

If you are a teacher w/ Fidelity as a choice, you might have access to Brokeragelink inside the 403. https://thefinancebuff.com/best-investment-options-with-fidelity-brokeragelink.html This would allow you to personally select any funds you wish to put into your 403. Fidelity has their own index li...
by sschullo
Mon Oct 31, 2016 9:41 am
Forum: Investing - Theory, News & General
Topic: Cap Weighted Index vs Equal Weighted Index
Replies: 14
Views: 1032

Re: Cap Weighted Index vs Equal Weighted Index

Might want to read this article by our own White Coat Investor. Dr James
http://whitecoatinvestor.com/dfa-vs-vanguard/
by sschullo
Sun Oct 30, 2016 4:08 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

I did talk to a representative from Horace Mann, and I can't remember the details of what he thought was a good option for me, but it was absolute garbage. Don't want to hijack this thread, just wanted to give people a taste of a 403b. Never think twice about reporting garbage when garbage is every...
by sschullo
Sat Oct 29, 2016 8:48 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

Pushing this up for Part III just released today: Main topic is about the most frequent product sold to k=12 is indexed annuities. But agents are now asking older teachers to sell their old annuity which pays a higher interest rate for a newer contract which has a lower interest rate. http://www.ny...
by sschullo
Fri Oct 28, 2016 3:11 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

Pushing this up for Part III just released today: Main topic is about the most frequent product sold to k=12 is indexed annuities. But agents are now asking older teachers to sell their old annuity which pays a higher interest rate for a newer contract which has a lower interest rate. http://www.nyt...
by sschullo
Fri Oct 28, 2016 10:09 am
Forum: Investing - Theory, News & General
Topic: Why Doesn't the DOL Understan the Term "Fiduciary"?
Replies: 21
Views: 2101

Re: Why Doesn't the DOL Understan the Term "Fiduciary"?

Link: http://www.msn.com/en-us/money/personalfinance/morgan-stanley-sets-off-a-fight-over-the-cost-of-your-retirement-account/ar-AAjrfRS?li=BBnbfcN If I take money from a client and the client expects me to turn turn a profit for them, but instead, I continue to make a profit, even as they lose the...
by sschullo
Fri Oct 28, 2016 10:00 am
Forum: Investing - Theory, News & General
Topic: Who disagrees with Jack. . .
Replies: 73
Views: 5441

Re: Who disagrees with Jack. . .

I think people get hung up on the trees and not see the forest (sorry for this worn out cliche'). Bogle's original S&P 500 index and his original message about costs, trading, thinking long term are(is) the forest, and that alone we can all agree as DIYers. Getting to the trees whether internati...
by sschullo
Thu Oct 27, 2016 6:24 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

NY Times 2nd part in a series about 403(b)s with public K-12

Pushing this up, instead of creating a new thread. 2nd part of the NY Times series on the 403(b): "An annuity for the teacher--and the broker. A look inside the high-pressure job of selling annuities to public school teachers." I have been following the print media on the hideous 403(b) se...
by sschullo
Tue Oct 25, 2016 7:32 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

My wife is a jr. high public school teacher in Michigan and has a 403b. Before I became aware of the Boglehead way, we were dumping maximum paycheck amounts into her account at Ameriprise every two weeks. The yearly account fee was only $19 but all the options were high ER funds with front end load...
by sschullo
Tue Oct 25, 2016 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Any NYS Teachers with 403B?
Replies: 24
Views: 1401

Re: Any NYS Teachers with 403B?

I agree. You are lucky to have a state-run 457b plan. My friends and I are hoping that the 457(b) plan will replace the 403(b) which has been dominated by the insurance industry since 1961.
by sschullo
Mon Oct 24, 2016 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 60
Views: 6752

Re: Great 403b for teachers?

krow, You are a gentleman! :happy Okay, I'll remove the words "no members." I have been accused of black and white opinions since I was a kid. :- ) I just wonder how many members have enrolled in their SB self-directed plan. You mentioned four that we know of and they are all less than a y...
by sschullo
Mon Oct 24, 2016 7:45 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

I tried opening a Vanguard 403b but my third party administrator wouldn't allow it. So that may not work for everyone. My district doesn't have any low cost alternatives (assuming this Security Benefit NEA Direct Invest doesn't work). Coolstavi, it's only been 11 days since you submitted your appli...
by sschullo
Mon Oct 24, 2016 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 60
Views: 6752

Re: Great 403b for teachers?

Krow, It's been a year and no NEA member has reported their experience here or at 403bwise.com with this self-directed plan. Realizing that my brain is probably working overtime, but I wonder if NEA Security Benefit is scrambling around to enroll teachers in their low-cost alternative now that there...
by sschullo
Sun Oct 23, 2016 8:38 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

It was simply a matter of opening my own Vanguard 403(b) account through the Vanguard web site and then filling out my school districts salary reduction form myself with that Vanguard account number on it. Pretty trivial. That is basically all the work the sales people ever do themselves when they ...
by sschullo
Sun Oct 23, 2016 5:43 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

Teacher here. I can't speak for other states but at least in the two states where I have worked as a teacher I have found zero-cost or extremely low cost investment options available. But you really have to do your own research, especially in Texas. And for the most part this never happens. Teacher...
by sschullo
Sun Oct 23, 2016 5:35 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

While state or federal fixes may be possible, this is currently a local, school district issue, at least in NJ. My wife lived the situation described in the article. The agents, the coffee and cookies, the filling out of forms for you ... and the 5% loads and high ERs, plus mostly annuities that we...
by sschullo
Sun Oct 23, 2016 5:28 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

Think your retirement is bad? Talk to a teacher. http://www.nytimes.com/2016/10/23/your-money/403-b-retirement-plans-fees-teachers.html?smid=tw-share&_r=0 This initial article is a review of what has been reported by the print media for the last 20 years. You ain't seen anything yet. This is a ...
by sschullo
Sun Oct 23, 2016 5:25 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

It will be interesting to see what changes, if any, will occur when the Department of Labor's "fiduciary rule" goes into effect next spring. Will insurance companies actually be required to inform people that a variable annuity with a 403B plan, makes absolutely no sense. At this time, th...
by sschullo
Sun Oct 23, 2016 7:28 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

Read through the beginning of the article, but didn't need to finish. High expense ratios/management fees are a problem with many 401k/403b plans. Most bogleheads already knows this. Its ironic that a lack of education (specifically financial literacy) is part of the problem. Makes me wonder why we...
by sschullo
Sun Oct 23, 2016 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Financial Planner - Spouse has no interest in investments
Replies: 43
Views: 3424

Re: Financial Planner - Spouse has no interest in investments

How about a revocable living trust with yourself as trustee and a corporate trustee named as your successor. Gill Sounds expensive... No. Get some quotes. Mine cost about $1900 with an attorney who knows estate planning, and California laws. But like you, I know where the money is going and manage ...
by sschullo
Sat Oct 22, 2016 9:53 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

jasc15 wrote:Is there a page somewhere on the NY Times site that talks about the planned series, or is there just this article so far? I'd like to bookmark a page to check for new articles.


Either I will post the link to next article here or somebody else.
by sschullo
Sat Oct 22, 2016 11:19 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

sschullo- I thought of you when I read this article yesterday. I recall all your efforts with the LA unified school district to reform their retirement plans. Why do these 403B plans remain so bad and 401K plans continue to improve? It's as though they are the last refuge for bad advisors and scoun...
by sschullo
Sat Oct 22, 2016 8:54 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

Although not a teacher, I used to visit a site called 403Bwise.com as I was assisting my nurse daughter with setting up her retirement investments. At that time, and I haven't visited it recently, it was a valuable source of information that educated readers on how they were getting screwed and ste...
by sschullo
Sat Oct 22, 2016 7:59 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

Thank you so much for posting this. What's also concerning is how many teachers are disinterested in changing this. My wife's district has low-cost options, but nobody seems interested in moving from what the insurance reps have already set up for them. I know the feeling. After all of these years,...
by sschullo
Sat Oct 22, 2016 7:27 am
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

Re: NY Times first in a series about 403(b)s with public K-12

Bogleheads. I have a favor to ask. Many of you have a spouse, friend or relative that are public K-12 teachers. Please get this report and the successive reports in front of them. If you have to print it out and read it together, that would be great. The selling of expensive, inappropriate insurance...
by sschullo
Fri Oct 21, 2016 6:45 pm
Forum: Investing - Theory, News & General
Topic: NY Times first in a series about 403(b)s with public K-12
Replies: 96
Views: 8637

NY Times first in a series about 403(b)s with public K-12

Think your retirement is bad? Talk to a teacher. Part 1 Published Oct 21: "Think your retirement plan is bad? Talk to a teacher." http://www.nytimes.com/2016/10/23/your-money/403-b-retirement-plans-fees-teachers.html?smid=tw-share&_r=0 This initial article is a review of what has been...
by sschullo
Mon Oct 17, 2016 7:36 pm
Forum: Personal Consumer Issues
Topic: Road Scholar trip to Cuba - Need practical advice
Replies: 21
Views: 1785

Re: Road Scholar trip to Cuba - Need practical advice

I am going to spend a week in Cuba December 27 - January 5 with some friends who arranged this trip. Imagine that, celebrating New Years in Havana.
by sschullo
Mon Oct 17, 2016 4:43 pm
Forum: Local Chapters and Bogleheads Community
Topic: Thank you Bogleheads
Replies: 11
Views: 1936

Re: Thank you Bogleheads

I owe a big thank you to this community. I've started giving back as well, I host seminars around the base to teach young military how to invest. I don't go too far into detail, but the Military Finances wiki was used to build my outline. The bad news is I doubt it gets through to many, but there a...
by sschullo
Mon Oct 17, 2016 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or roll a 403b from previous employer?
Replies: 23
Views: 1132

Re: Keep or roll a 403b from previous employer?

Do you know the fees you are paying on the Vanguard funds in your VALIC 403b? It would be unusual if you were only paying the low expense ratio that Vanguard charges on those index funds. What is the name of the VALIC 403b plan? That's a great question. The Vanguard funds are very low -- but I have...
by sschullo
Mon Oct 17, 2016 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off at 40 - What to do?
Replies: 42
Views: 6600

Re: Laid off at 40 - What to do?

Find a way to stay home with the child. Time Well Spent :happy And while you are at it, think of something you enjoy doing for free that you have been thinking about for a long time. For much of my paid career as a teacher, the most enjoyable activities were those with no monetary connection, getti...
by sschullo
Sun Oct 16, 2016 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: US Expat in Indonesia
Replies: 57
Views: 4084

Re: US Expat in Indonesia

You should read Andrew Hallam's books, which are written for international school teachers. https://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069 https://www.amazon.com/Global-Expatriates-Guide-Investing-Millionaire/dp/1119020980 Are you at JIS? Regardless, you should have ...
by sschullo
Thu Oct 13, 2016 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: 457(b) portfolio question.
Replies: 11
Views: 714

Re: 457(b) portfolio question.

fireman44 wrote:Hello njboater,
No It's only variable annunity with valic. That's what my plan is , a variable annunity.


I would keep nagging the plan administrator, and bring some friends. This is terrible. Just go with the Roth for now. Don't pay those high costs.

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