Search found 34 matches

by stochastic
Wed Nov 07, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help Choosing UC Retirement Savings Option
Replies: 2
Views: 314

Re: Need Help Choosing UC Retirement Savings Option

I think starting work later at 46 tends to favor the pension option, less time for the 403 to compound. It'd help to know her income, how that compared to her income in her prior job and how long she expects to stay at UC. Not sure where the calpers service counts towards the time to be better at UC...
by stochastic
Mon Apr 09, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 15684

Re: Ivy school education. Is it worth it?

The second year I did work with the professor directly. At the time, I was the only undergraduate in the research group. A 2:1 student:faculty ratio makes that possible. I wasn't calling you a liar. I was making the point that not EVERY person who goes to an Ivy league gets to spend time with top-n...
by stochastic
Sat Apr 07, 2018 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 15684

Re: Ivy school education. Is it worth it?

I teach at an Ivy and before that taught at a top flagship state university so let me give you my impression of the differences. Students here at the Ivy get a lot more attention, smaller classes for one but also much more opportunities for research projects and then students who are struggling get ...
by stochastic
Sun Mar 04, 2018 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: University of California Retirement Plan Proprietary Funds
Replies: 20
Views: 2554

Re: University of California Retirement Plan Proprietary Funds

Immunology - have you tried the DCP conversion? How does it work. That sounds way too good to be true. I've done it in the past (left UC a couple of years ago), was not a problem. You contribute to the UC DCP plan and then each month I would just call fidelity and roll it over to a Roth IRA I opene...
by stochastic
Fri Mar 02, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade
Replies: 79
Views: 11037

Re: Harvard blows $1Billion picking stocks, averaged 4.4% returns over last decade

Harvard's endowment has been pretty badly managed and is pretty much at the bottom of its peers. Certainly all the faculty I talk to there are upset about it. But I'm not sure that this is conclusive evidence for them to drop the model of alternative investments and switch to index funds. The SP 500...
by stochastic
Fri Feb 09, 2018 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: University of California - New employee Dilemma : Pension Choice or Savings Choice?
Replies: 12
Views: 1586

Re: University of California - New employee Dilemma : Pension Choice or Savings Choice?

I used to be at UC so I've thought about the value of the pension too. If your salary grows in line with inflation then you want to compare the value of 20k per year with a pension of about 90k. Plugging this into http://www.cfiresim.com/ to backtest it says that a spending rate of 86k in todays dol...
by stochastic
Tue Oct 24, 2017 9:48 am
Forum: Investing - Help with Personal Investments
Topic: UC 403b vs 457b and which funds?
Replies: 13
Views: 1864

Re: UC 403b vs 457b and which funds?

If you expect much higher income and tax rates in the future, another option is after-tax contributions to the UC DCP 401a plan which can the intermediately be transferred to a Roth IRA (you don't want to leave it in the UC DCP plan because earnings you make will be taxable). There have been a few t...
by stochastic
Thu Oct 12, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: University Mortgage options
Replies: 1
Views: 379

University Mortgage options

We just had our offer on a house accepted! The purchase price is a bit over 900k. Property taxes will be an uncomfortably large 18k. It is a short walk to work at the university on a nice street, similar places come up only infrequently so we are happy with it. The university where I work (and have ...
by stochastic
Thu Sep 14, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign Grad Student in UK, Australia, USA, Taxes, Green Card?
Replies: 6
Views: 674

Re: Foreign Grad Student in UK, Australia, USA, Taxes, Green Card?

In Australia, most PhD stipends are tax free except sometimes if you are teaching. Also gifts are not taxable.

In the US foreign gifts are generally not taxable so that should not be a problem - gift tax generally applies to the giver who in this case is not a US person so is not taxed.
by stochastic
Sat Sep 09, 2017 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: University of California Retirement Plan Proprietary Funds
Replies: 20
Views: 2554

Re: University of California Retirement Plan Proprietary Funds

Yes there's a new $35 a year flat fee. With the lower expense ratios it's good deal if you have a large balance.

https://www.myucretirement.com/Resource/243
by stochastic
Wed Sep 06, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Paying 4 years tuition for college to get discount?
Replies: 22
Views: 3087

Re: Paying 4 years tuition for college to get discount?

Assuming there's no chance of them getting financial aid at any point and unused funds can be recovered if she drops out then looks like a clear cut decision to me. Tuition has been going up quite steadily at the Ivy that I work at (at least 3% per year) and the university here has given no indicati...
by stochastic
Wed Jul 19, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: Changes to Univ California Retirement Plan
Replies: 14
Views: 2733

Re: Changes to Univ California Retirement Plan

Since there are some UC folks here, I would like to share with you this: I found a DC plan admin fee in my account dated 7/3 today, and then found the following statement in the Plan description. I did not see any public announcement for this. I called fidelity, I heard that the fee was previously ...
by stochastic
Wed May 10, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: When switch fund for lower ER?
Replies: 14
Views: 1835

Re: When switch fund for lower ER?

One thing I've wondered, with ER's so low these days might other considerations of the funds become more important, for example how well the fund executes in tracking the index or avoids front-running or issues like that.
by stochastic
Tue May 02, 2017 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: UC DCP Questions [Univ. of CA Defined Contribution Plan]
Replies: 41
Views: 17049

Re: UC DCP Questions [Univ. of CA Defined Contribution Plan]

As a incoming intern, I am glad to have found this thread. Just a follow-up question from a new investor. In addition to the mandatory pre-tax DCP, I plan to contribute to a Roth IRA (likely Vanguard). Is there any benefit in contributing to the post-tax DCP first and then rolling it over to Vangua...
by stochastic
Tue Apr 25, 2017 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: What To Do With After-Tax 401(k) Contributions
Replies: 5
Views: 865

Re: What To Do With After-Tax 401(k) Contributions

Sounds like a great retirement plan. I'd probably go with the Roth 401k. If being able to access the funds could be important, that might be an advantage for the Roth IRA.
by stochastic
Thu Apr 13, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: Lack of rigor in EdX (and other?) MOOCs?
Replies: 23
Views: 2389

Re: Lack of rigor in EdX (and other?) MOOCs?

My former department developed a MOOC on EdX out of it's basic introductory course. But the content was split over 3 courses on EdX so a single one would only be a third of a class which might explain part of the disparity.
by stochastic
Wed Apr 05, 2017 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Help with college choice
Replies: 125
Views: 8529

Re: Help with college choice

Given the huge price difference I'd probably also vote for Vanderbilt. But I'm going to disagree a little with some of the earlier comments when it comes to applying to the most selective graduate programs (e.g. top PhD programs). I've sat on PhD admissions committees in a couple of top ranked unive...
by stochastic
Mon Mar 13, 2017 9:12 pm
Forum: Investing - Theory, News & General
Topic: A look at the small cap premium
Replies: 58
Views: 7365

Re: A look at the small cap premium

There are lost of instances where machine learning can be very successful at online learning problems (ones where you learn as data arrives and make decisions and update the model accordingly over time). Google can decide what advertisements to show you, Amazon can make suggestions as to what to buy...
by stochastic
Wed Feb 08, 2017 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: UC DCP Questions [Univ. of CA Defined Contribution Plan]
Replies: 41
Views: 17049

Re: UC DCP Questions [Univ. of CA Defined Contribution Plan]

I believe there may also be a combined limit on your 457, 403b and 401a (DCP) contributions of $53k. This is the important point and worth calling a Fidelity rep and asking (sometimes they are wrong on these points as well, especially when it comes to after-tax voluntary contributions, so I would m...
by stochastic
Sun Jan 08, 2017 4:50 am
Forum: Investing - Help with Personal Investments
Topic: Investing a forgivable loan
Replies: 8
Views: 953

Re: Investing a forgivable loan

I did something similar with my un-needed student loans back in 2009. I got lucky because I invested at the bottom of the market. I met someone else who did the exact same thing as I did, only he invested in spring of 2007. Very different outcomes. Keep this in mind when you're thinking about risk ...
by stochastic
Sun Jan 08, 2017 3:56 am
Forum: Investing - Help with Personal Investments
Topic: Investing a forgivable loan
Replies: 8
Views: 953

Re: Investing a forgivable loan

i would put the entire unvested amount in a CD ladder. fdic insured etc. this isn't your money so keep it safe. each year, as a CD matures, put the newly vested after tax amount into your target AA, setting aside the vested tax amount into a savings or money market account. you guys may not want to...
by stochastic
Sat Jan 07, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Investing a forgivable loan
Replies: 8
Views: 953

Investing a forgivable loan

I recently moved and started at a new job at university. It's a high cost of living area and as part of the recruitment package they offer a forgivable loan to help buy a new house here. Having been here a few months we've been renting a townhouse on campus and really like the lifestyle of living so...
by stochastic
Mon Aug 15, 2016 10:35 pm
Forum: Personal Consumer Issues
Topic: Temporarily switching from Verizon to T-Mobile
Replies: 16
Views: 1957

Re: Temporarily switching from Verizon to T-Mobile

I've been very happy with using t-mobile overseas although the data can be quite slow but usually usable for email, maps and even voice skype calls. A bit different but my mother visited from overseas and we put her for a month on our t-mobile family plan, one thing I can tell you to look out for is...
by stochastic
Wed Jun 22, 2016 1:21 am
Forum: Investing - Help with Personal Investments
Topic: UC DCP Questions [Univ. of CA Defined Contribution Plan]
Replies: 41
Views: 17049

Re: UC DCP Questions [Univ. of CA Defined Contribution Plan]

Since this is the lowest tax bracket you are likely to be in from now on then I'd probably say go with the ROTH particularly if your marginal rate is 15%. In the 25% bracket it may not make much of a difference unless you have a very high income in retirement which is quite possible with two high in...
by stochastic
Wed Jun 22, 2016 12:17 am
Forum: Investing - Help with Personal Investments
Topic: UC DCP Questions [Univ. of CA Defined Contribution Plan]
Replies: 41
Views: 17049

Re: UC DCP Questions [Univ. of CA Defined Contribution Plan]

I was a bit worried about the tax side of it but Fidelity gives you a tax document that summaries the information you need. I did it for the first time last year and it was a little confusing what to enter on turbo tax but no too bad. But I also keep track of conversions separately on a spreadsheet ...
by stochastic
Tue Jun 21, 2016 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: UC DCP Questions [Univ. of CA Defined Contribution Plan]
Replies: 41
Views: 17049

Re: UC DCP Questions

There are a lot of options with the UC savings plan. If you are expecting your joint income to be higher in the future and in retirement after-tax contributions may be the way to go. In this case contribute to the UC DCP after-tax. Rolling it over to a Roth IRA is then very easy, if it's with fideli...
by stochastic
Fri Jun 10, 2016 12:00 am
Forum: Investing - Theory, News & General
Topic: Defined Benefit Plan allocation
Replies: 8
Views: 1079

Re: Defined Benefit Plan allocation

Looks like a good plan. The defined benefit plan is a good place to put the bonds, avoids any issues with over-funding. It's a good plan for maximizing tax deferred contributions.
by stochastic
Wed May 18, 2016 5:54 am
Forum: Investing - Help with Personal Investments
Topic: thinking through improved financial circumstances
Replies: 3
Views: 721

thinking through improved financial circumstances

I recently accepted a new job in another state and will be leaving a very generous defined benefit pension plan (which would have generated about 80% of my final income at age 65. The new job has a defined contribution plan but also double the salary. So there's quite a few changes in our finances a...
by stochastic
Tue Mar 08, 2016 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Is a CS PhD financial suicide for my profile?
Replies: 57
Views: 8287

Re: Is a CS PhD financial suicide for my profile?

I think the OP will have a financially secure life either way and it looks to me more of a lifestyle choice. Research is great and life as an academic, being able to spend my days thinking about questions is really fun. But I wouldn't advise anyone to do a PhD unless they enjoy that, it's really not...
by stochastic
Mon Nov 23, 2015 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to Figure Out My Retirement Plan Options
Replies: 12
Views: 2025

Re: Trying to Figure Out My Retirement Plan Options

But I still find it hard to believe that we are allowed to contribute upwards of $65,000 to retirement accounts, in addition to our employer paid plans (my RA account and my wife's NYS Employee Retirement system). So there is no total cap on contributions that I would be exceeding? There's caps on ...
by stochastic
Sat Oct 31, 2015 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Investing disagreements with spouse
Replies: 86
Views: 10197

Re: Investing disagreements with spouse

OP here, thanks so much for everyone's comments. I certainly agree that our money is joint and she has an equal right to it and say as I do. We are pretty good at compromising to make each other more comfortable. Partly I think I'm treating it as an intellectual disagreement - perhaps being a profes...
by stochastic
Sat Oct 31, 2015 3:25 am
Forum: Investing - Help with Personal Investments
Topic: Investing disagreements with spouse
Replies: 86
Views: 10197

Investing disagreements with spouse

New to the forum, very glad to find it. I'm very much on board with the BH philosophy and index funds but my wife is somewhat less so. We got married in May and we are both quite frugal and agree on the need to save. But she wants to pick stocks, time the market and has considerable confidence in he...
by stochastic
Sat Oct 03, 2015 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Defined contribution plan and IRA rollover
Replies: 1
Views: 792

Re: Defined contribution plan and IRA rollover

The UC plan lets you contribute a lot. As I understand it the total contributions to the UC retirement accounts is limited to 53k per year (pretax and after tax). If you are eligible for the 457 plan you can put away even more. This doesn't affect the amount you can contribute to the roth IRA, you c...
by stochastic
Sun Sep 06, 2015 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: UC Plan After-Tax Rollover to Roth IRA
Replies: 10
Views: 1782

Re: UC Plan After-Tax Rollover to Roth IRA

Sorry I know this is an old thread but I'm in the same boat. I'm a bit confused about the advice and came to a different conclusion after reading of the DCP plan document (but I'm pretty new to retirement savings in this country so would love to hear from others who have researched this). On the one...