Search found 160 matches

by KESP
Sat Sep 28, 2019 2:46 pm
Forum: Personal Investments
Topic: 403(b) choices
Replies: 5
Views: 308

Re: 403(b) choices

We have Aspire and it’s .15% and $40 fee. We have access to hundreds of funds, Vanguard, Fidelity, Schwab. If you have access to NEA DirectInvest under Security Benefit that’s good too. From the website it looks like $35/year if balance is under $50,000. Once that is reached there is no fee. Looks l...
by KESP
Mon Sep 09, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Help me out - What am I doing wrong - Job Hunt related
Replies: 70
Views: 5025

Re: Help me out - What am I doing wrong - Job Hunt related

Who are you using for references? I’m assuming if you got to a couple of round 2 interviews they are checking references. Perhaps someone is not giving you a glowing review.
by KESP
Mon Sep 09, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Annuity contract sold to 83 year old with 15 year surrender fee schedule
Replies: 11
Views: 1459

Re: Annuity contract sold to 83 year old with 15 year surrender fee schedule

Not an annuity expert by any stretch, but can you get your hands on the actual policy to confirm there is no way out of the surrender fee. Isn't there just the death benefit that's due? He's not giving up the annuity, he died. The whole thing sounds criminal. In my state, there is an insurance commi...
by KESP
Mon Sep 02, 2019 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling confused/stressed: adapt to house or move?
Replies: 31
Views: 2671

Re: Feeling confused/stressed: adapt to house or move?

Back in the day (yes I’m old) siblings commonly shared a bedroom, a small one at that, and survived. I would not move. We have lived in a 1400 square foot, 3 bedroom home with inadequate storage, no garage and 3 children. It was a blink of an eye and the kids were out of the house and we are very ha...
by KESP
Wed Aug 28, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Friend has cancer. What should be the next steps?
Replies: 65
Views: 4983

Re: Friend has cancer. What should be the next steps?

Really tough, I’m so sorry. Would his company really fire a terminally ill person?! I worked in private industry years ago and had a couple people diagnosed with dire illnesses. They were not fired although they did eventually pass from these illnesses. I work in a school now and there was a teacher...
by KESP
Sun Aug 25, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Sudden Death: Sorting Estate in sorrow
Replies: 17
Views: 2566

Re: Sudden Death: Sorting Estate in sorrow

As several people have already stated, if he named beneficiaries in his taxable account and tax-deferred accounts, the money will go to whoever is named. This is somewhat like a case when there is a divorce and the ex-husband or ex-wife was never removed as the beneficiary of life insurance or 401(k...
by KESP
Wed Aug 14, 2019 8:38 pm
Forum: Personal Investments
Topic: Really Bad 403(b) Options
Replies: 25
Views: 1401

Re: Really Bad 403(b) Options

I just looked up the Hooker and Holcombe company and there actually was information on the Internet. If this is the same one, yikes. Very high expense ratios. https://hhconsultants.com/documents/Cas ... Lineup.pdf
by KESP
Wed Aug 14, 2019 8:28 pm
Forum: Personal Investments
Topic: Really Bad 403(b) Options
Replies: 25
Views: 1401

Re: Really Bad 403(b) Options

Don’t bother trying to research your options on the Internet. 403bs are a different animal usually. The question to ask is do you offer any other option but annuities? If you hear that word, you are likely looking at 2% plus in fees, plus you can’t put your money elsewhere for a number of years beca...
by KESP
Mon Aug 05, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to help parent through health/financial crisis
Replies: 25
Views: 2335

Re: How to help parent through health/financial crisis

I assume she is getting therapy to improve the effects of the stroke? I’ve seen people make amazing progress. If she can’t then yes the social security disability route and whatever else is offered. It sounds cold, but I wouldn’t offer to have her live with you yet. It would undoubtedly put a big st...
by KESP
Thu Aug 01, 2019 6:34 pm
Forum: Investing - Theory, News & General
Topic: "Five Portfolio Lessons From Target Date Funds"
Replies: 10
Views: 1385

Re: "Five Portfolio Lessons From Target Date Funds"

I encouraged my children to use a target date fund for their work 403b/401K and Roth. I think this will keep them from tinkering around at a later date and messing up like I did. They also are not interested in doing much reading about investing so I believe this is an excellent choice for them.
by KESP
Sat Jul 20, 2019 8:15 pm
Forum: Personal Investments
Topic: Continue 403b or start roth ira
Replies: 65
Views: 1971

Re: Continue 403b or start roth ira

My guess is you have a variable annuity with MetLife and you are getting hosed in fees. If it is that, fees are hidden and will not show up on your statement. The MetLife rep at our school never did tell a friend of mine what the fees were, she got vague answers and promises to get back to her and n...
by KESP
Thu Jul 18, 2019 8:28 pm
Forum: Personal Investments
Topic: Teacher 403B Plans
Replies: 31
Views: 2456

Re: Teacher 403B Plans

I also strongly doubt you can set up your own 403b with whoever you want. It’s often quite a fight to get another vendor added to the list. Many teachers seem to be totally uninterested in investing, and would rather depend on the predatory “advisors” that gift us with free pads, donuts and pens on ...
by KESP
Mon Jul 15, 2019 5:08 pm
Forum: Personal Investments
Topic: Was going with AXA a bad move?
Replies: 32
Views: 2234

Re: Was going with AXA a bad move?

It is worth it to pay the surrender fee. If you are paying the M&E fee that I did, that was 1.34%. Add the expense ratios and I bet you are close to 2% in fees. Look at your prospectus for details, as your friend will likely not answer that question for you. Compare that to a Target date fund from V...
by KESP
Mon Jul 15, 2019 2:54 pm
Forum: Personal Investments
Topic: Was going with AXA a bad move?
Replies: 32
Views: 2234

Re: Was going with AXA a bad move?

Yes it was, and sad to say, your friend used you. Because it’s in an annuity, there is probably a mortality and expense fee, likely over 1%. Your “friend” is likely making a very nice commission off of you. The fees will not be spelled out anywhere. Explanation of fees are probably hidden in the pro...
by KESP
Mon Jun 24, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Wife considering returning to work
Replies: 40
Views: 4767

Re: Wife considering returning to work

I am posting to provide a contrary experience to many who have responded to you. I am the mom. We have a 17 month old son. I returned to work at 12 weeks. We had the option for me to stay home and opted not to take it. We didn’t really do it for financial reasons. It’s true I have a high earning po...
by KESP
Wed Jun 19, 2019 8:53 pm
Forum: Personal Consumer Issues
Topic: My Cost of Progressive Lenses/glasses - did I pay too much?
Replies: 69
Views: 4284

Re: My Cost of Progressive Lenses/glasses - did I pay too much?

I don’t think you paid too much. A few years ago, I decided to go to Walmart because the optometrist I went to seemed to order expensive tests and I felt ripped off. The doctor at Walmart diagnosed me with glaucoma and was set to start me on a lifetime of meds. Also got progressives that I knew righ...
by KESP
Sun May 26, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Deer hit car near kid's school...file claim back home?
Replies: 27
Views: 1757

Re: Deer hit car near kid's school...file claim back home?

I would file with insurance company immediately. Were the police called? If not, make sure lots of pictures to prove your case.
by KESP
Sat May 25, 2019 2:46 pm
Forum: Investing - Theory, News & General
Topic: "A Set-It-and-Forget-It Target-Date Series From Vanguard"
Replies: 120
Views: 14337

Re: "A Set-It-and-Forget-It Target-Date Series From Vanguard"

When my children started their first jobs, I recommended a target date fund for their 403b/401 account. They are not really interested in learning much about investing besides the basics. I am hoping it will keep them from fiddling like I did when the markets went up and down. They would not likely ...
by KESP
Wed Apr 24, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8554

Re: What, if anything, do I owe this guy?

WWJBDo wrote:
Wed Apr 24, 2019 9:30 am
I’m a little late to the party, but I learned this phrase, which is pretty rock solid and hard for a sales guy to rebut:

“Circumstances have changed, and I’m not at liberty to explain why.”

State and repeat.
That's a better one! Say that.
by KESP
Wed Apr 24, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8554

Re: What, if anything, do I owe this guy?

You can do this!!! It's uncomfortable for some of us to break up with someone, but you will feel great afterward. Just tell him you've decided to not have him handle your assets and to discuss it further is a waste of time because your mind is made up. Keep saying that until he shuts up.
by KESP
Wed Mar 27, 2019 7:47 am
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 306
Views: 44661

Re: Anyone disenchanted with retirement?

I have a slightly tangential question, somewhat dark. I’m late 30s, but on track for a pretty early retirement if I want it (maybe 42?). I recently came across the story of a colleague who past away very young from a sudden disease after doing everything right in life (given under a year to live :/...
by KESP
Thu Mar 07, 2019 10:23 am
Forum: Personal Investments
Topic: 403b choices
Replies: 9
Views: 565

Re: 403b choices

From what I've read on 403bwise.com, the NEA Direct invest people will not help you with anything. They would rather you pick the expensive option.
by KESP
Wed Feb 27, 2019 11:26 am
Forum: Personal Investments
Topic: 403b needs attention
Replies: 8
Views: 478

Re: 403b needs attention

I have an account through Aspire and I have access to low cost Vanguard funds. I don't understand why you have such a high expense ratio. Is this self-directed, or did you get an "advisor"? If so, can you drop them? I did not need the minimum to pick admiral shares of Vanguard Funds to build my 3 fu...
by KESP
Sat Feb 16, 2019 8:43 am
Forum: Personal Investments
Topic: Girlfriend's Financial Advisor Recommendations...
Replies: 63
Views: 8090

Re: Girlfriend's Financial Advisor Recommendations...

If she hates confrontation so much, how about making you the reason she wants to go in another direction? I assume you’re willing to be the “bad guy” in this. If you feel comfortable and she’s ok with it, let him talk to you. You can coherently cut down his arguments. This is assuming you think you ...
by KESP
Fri Feb 15, 2019 7:24 pm
Forum: Personal Investments
Topic: headed to Aspire
Replies: 6
Views: 940

Re: headed to Aspire

I fought to add Aspire to our list of providers and I’m very happy with them. Up until we added them, we only had annuity options. You can start with admiral shares, no need for the minimum. It’s been a year and no complaints. I only wish I could have done it 20 years ago.
by KESP
Sun Feb 10, 2019 10:41 am
Forum: Personal Investments
Topic: Is the VPAS Service worth the 0.30%?
Replies: 32
Views: 2498

Re: Is the VPAS Service worth the 0.30%?

I’ve said this before another post, I have the VPAS service, not because I cannot handle a three or four fund portfolio, but rather if I die, my husband would most definitely fall prey to a high cost financial advisor. He does not use a computer, has no interest in learning about financing, and woul...
by KESP
Sat Feb 09, 2019 11:30 am
Forum: Personal Consumer Issues
Topic: Credit ID hacked, got $4900 T-Mobile bill
Replies: 36
Views: 4737

Re: Credit ID hacked, got $4900 T-Mobile bill

Depending on where you live, this is not always easy. I do not have any local police, and would have to depend on the State police. This kind of stuff is definitely not a priority for them.
by KESP
Tue Feb 05, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to have spouse take Medicare instead of private health insurance?
Replies: 14
Views: 857

Re: When does it make sense to have spouse take Medicare instead of private health insurance?

I have a good policy and I am not yet 65. My husband is over 65 and turned down Medicare Part B and is on my plan. My drug plan is creditable, meaning it's better than what Medicare Part D would be so he does not need that. There is no penalty for either Part B or D if he has continuous coverage.
by KESP
Sat Jan 26, 2019 9:11 am
Forum: US Chapters
Topic: Happy Birthday, Taylor!
Replies: 76
Views: 4315

Re: Happy Birthday, Taylor!

Happy birthday Taylor! Thank you for all your contributions and encouragement to keep it simple.
by KESP
Mon Jan 21, 2019 9:55 am
Forum: Personal Consumer Issues
Topic: Rental Car Insurance Ireland & Scotland?
Replies: 21
Views: 934

Re: Rental Car Insurance Ireland & Scotland?

This is very unboglehead like, but when I go on vacation I don’t want to have to worry and go through all the headaches if I get in a car accident. I just went to Ireland 2 years ago and it took me 3 or 4 days before I felt comfortable driving. They are strict with the insurance coverage there. I us...
by KESP
Fri Dec 28, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: not funding kid's tuition
Replies: 102
Views: 3707

Re: not funding kid's tuition

My parents could not help me back in the day, and paying for college was a constant source of stress. Back then, it was possible to work year round and be able to pay for a substantial portion of tuition, room and board. Now it's nearly impossible. My 2 kids got partial scholarships to a state schoo...
by KESP
Wed Nov 07, 2018 6:31 am
Forum: Personal Investments
Topic: 403B, is mine even worth it?
Replies: 10
Views: 983

Re: 403B, is mine even worth it?

There were no minimums when I signed up. This was last year.
by KESP
Tue Nov 06, 2018 7:52 pm
Forum: Personal Investments
Topic: 403B, is mine even worth it?
Replies: 10
Views: 983

Re: 403B, is mine even worth it?

I was just going to say the same thing. Don’t know how you come up with 1.2-1.4%. I have Aspire and have access to all Vanguard funds, admiral shares. I’ve been very happy.
Edit- I did not have to wait to invest in admiral shares, that’s what I picked and no one stopped me.
by KESP
Fri Nov 02, 2018 7:48 am
Forum: Investing - Theory, News & General
Topic: Another Brokerage Firm Caught Overcharging
Replies: 3
Views: 1527

Re: Another Brokerage Firm Caught Overcharging

Thanks for posting that Rick. Partially explains why mine had me in 21 different funds, and I only had $300,000 invested with him. Got rid of mine, but how many thousands or millions of people are getting taken advantage of and have no idea.
by KESP
Thu Oct 25, 2018 9:43 am
Forum: Personal Investments
Topic: AXA 403b
Replies: 4
Views: 244

Re: AXA 403b

She has to resign, not retire. Also, AXA probably sold her a variable annuity, so there may be a penalty for not holding it a certain number of years. Still worth it to roll it over. My experience has been some of these 403b sellers are less than truthful. I would request they put it in writing that...
by KESP
Mon Oct 08, 2018 6:43 pm
Forum: Investing - Theory, News & General
Topic: Trying to help 23 year old with 403b
Replies: 9
Views: 541

Re: Trying to help 23 year old with 403b

I do not see that the Lifecycle Index fund is an option. Yes, that one looks much better. I will double check with her that she only has access to the other one. Thanks, I didn’t know there were 2 different Lifecycle funds.
by KESP
Mon Oct 08, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: Trying to help 23 year old with 403b
Replies: 9
Views: 541

Re: Trying to help 23 year old with 403b

Thanks everyone for your input. I think I will stick to what I was originally going to do and advise her to move to a Vanguard Target Retirement fund. I have also sent her that pdf and will buy The Boglehead's Guide to the Three Fund Portfolio. Hopefully she will read them. She has many years of inv...
by KESP
Mon Oct 08, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: Trying to help 23 year old with 403b
Replies: 9
Views: 541

Re: Trying to help 23 year old with 403b

Are the underlying funds in the TIAA option index funds? If not, that would be another argument to move to the Vanguard fund. You might want to send this short (16 page) PDF to your niece; it is a great basic education for new investors: https://www.etf.com/docs/IfYouCan.pdf This is what is in the ...
by KESP
Mon Oct 08, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: Trying to help 23 year old with 403b
Replies: 9
Views: 541

Trying to help 23 year old with 403b

Just trying to provide some guidance to my niece who was talking to me about her 403b. Apparently with the help of the TIAA-CREF rep she picked the TIAA-CREF Lifecycle 2060 Fund (Institutional) with an expense ratio of .45%. The expense ratio is actually .79% but .34% is waived because of an agreeme...
by KESP
Sat Sep 22, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 238
Views: 45711

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

Just bought 2 more copies to donate to the school library I work in. I was extra motivated when a young teacher was talking to me about how a representative from AXA hunted her down in her classroom, gave the impression she was working with the district, and got her to sign up for a very expensive a...
by KESP
Tue Sep 18, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 40
Views: 5810

Re: 401k money missing

How did you make out?
by KESP
Sat Sep 15, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 40
Views: 5810

Re: 401k money missing

I should have said isn’t there a spot on your statement that says year to date contribution?
by KESP
Sat Sep 15, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 40
Views: 5810

Re: 401k money missing

I’m not understanding why you would wait until the end of September to approach your payroll person on this. If someone stole it, call the police. If it’s a mistake of some kind, give them a chance to fix it. Have all your paperwork ready to show whoever you are talking to. What 401k provider is it?...
by KESP
Sun Sep 09, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 85
Views: 12870

Re: My daughter's inheritance.

A wealth adviser at a bank will probably put her in things she shouldn’t be in. My friend is 64 years old and the bank tried to convince her to purchase whole life insurance. The only place to go where she won’t get taken advantage of is Vanguard Personal Advisory service. They are not getting commi...
by KESP
Sat Sep 01, 2018 10:26 am
Forum: Personal Investments
Topic: Suddenly disabled but need to invest
Replies: 17
Views: 2006

Re: Suddenly disabled but need to invest

As nedsaid already suggested, you seem to be a good candidate for Vanguard Personal Advisory services (PAS). It’s hard when you are depressed to start reading material to educate yourself on investing, or even to try and find a financial advisor who won’t take advantage of you. I would start with Va...
by KESP
Wed Aug 08, 2018 9:02 am
Forum: Personal Investments
Topic: Old dog needs to learn to manage his investments
Replies: 60
Views: 6264

Re: Old dog needs to learn to manage his investments

I would suggest ordering The Bogleheads' Guide to the Three-Fund Portfolio. It is a short, easy to understand book that will explain why the three-fund portfolio is all you need. There is also a ton of information on this site which I would also encourage you to read. I think the book gives you a cl...
by KESP
Thu Aug 02, 2018 2:36 pm
Forum: Personal Investments
Topic: Which 403b provider to choose?
Replies: 19
Views: 1432

Re: Which 403b provider to choose?

I have Aspire and have access to admiral shares of just about every Vanguard fund you would want. I’ve been very happy with them, but don’t expect any hand-holding. I pay .15% on assets annually, plus $40 administrative fee a year.
by KESP
Wed Jul 25, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: negative comments about "Brazil nuts"
Replies: 32
Views: 4071

Re: negative comments about "Brazil nuts"

I love nuts.com. Can get Brazil nuts in shell for 9.99, or a variety of other ways from $14.99 and up. I have been very happy with their quality.
by KESP
Wed Jul 25, 2018 11:18 am
Forum: Personal Consumer Issues
Topic: Daughter wants to travel on her own to Montreal
Replies: 105
Views: 7558

Re: Daughter wants to travel on her own to Montreal

I would be concerned about someone slipping her a date rape drug. My nieces just graduated from college and it is fairly prevalent. Yes, college is probably more dangerous than Montreal, but I would still worry. Of course, I worry about everything and somehow my kids turned out to be confident, prod...
by KESP
Wed Jul 25, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Buy house for retired mother?
Replies: 72
Views: 5444

Re: Buy house for retired mother?

I am surprised that people think that living in retirement community is better than living with family - old people need company of young and kids as well - it is another case if family doesnt want to live together - to each his own. My mother had several friends who moved in with their children la...