Search found 134 matches

by njfastlife
Wed Sep 05, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: How much to spend on rent in high COL area?
Replies: 15
Views: 1589

Re: How much to spend on rent in high COL area?

PFInterest wrote:
Wed Sep 05, 2018 6:51 am
if you are <20% on rent, you should be fine.
less is better of course.
20% gross or net?
by njfastlife
Wed Sep 05, 2018 6:43 am
Forum: Personal Finance (Not Investing)
Topic: How much to spend on rent in high COL area?
Replies: 15
Views: 1589

How much to spend on rent in high COL area?

hi all, looking at a nice unit but the price is HIGH ~$2800/mo.

my wife and i make ~$210K combined in the NY region and i am curious what the current Boglehead-approved rule of thumb is as it relates to how much to spend on rent.

thanks!
by njfastlife
Sat Sep 01, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Contemplating trading in a 2-year old car with <25k miles...
Replies: 23
Views: 1783

Re: Contemplating trading in a 2-year old car with <25k miles...

Sorry to hear the car isn't your favorite. Can we get net worth and income figures? Single/married. Other debts? Might be able to answer better with that additional information... 32 Recently married NW incl. retirement accounts: ~$125k Salary: ~$115k/year No other debts other than car note.
by njfastlife
Sat Sep 01, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Contemplating trading in a 2-year old car with <25k miles...
Replies: 23
Views: 1783

Re: Contemplating trading in a 2-year old car with <25k miles...

The car is a mistake. You probably drive it every day. You shouldn't suffer. I just checked cars.com. Comparable 2017 Forester with high mileage are selling for 19k and up. So the Subaru guaranteed trade in at 21k is a very good one, esp considering you reduce your sales tax. I say go ahead and get...
by njfastlife
Sat Sep 01, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Contemplating trading in a 2-year old car with <25k miles...
Replies: 23
Views: 1783

Re: Contemplating trading in a 2-year old car with <25k miles...

Financially, it's a bad idea. But if you absolutely hate the vehicle or the seat, then perhaps you need a change. Have you considered just changing the seat? There are specialty shops who mostly cater to enthusiasts who have showrooms with aftermarket seats. A replacement seat is a heck of a lot ch...
by njfastlife
Sat Sep 01, 2018 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Contemplating trading in a 2-year old car with <25k miles...
Replies: 23
Views: 1783

Contemplating trading in a 2-year old car with <25k miles...

I have a 2017 Forester that i am just not fond of. the main issue is the comfort of the driver's seat. i am in discomfort after 20+ minutes that doesn't go away no matter how much i adjust. additionally the CVT is bothersome, the infotainment is awful and the car is just incredibly sluggish. it's no...
by njfastlife
Mon Aug 27, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 3230

Re: Man...opening a savings account with Ally is an arduous process.

You can get higher yield elsewhere, so maybe it's good if they reject you. better yield and as good/better user experience? i am all ears because right now my money is parked with Chase earning NOTHING. With Vanguard Prime Money Market earning more than most (all?) savings accounts, I've lost inter...
by njfastlife
Mon Aug 27, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 3230

Re: Man...opening a savings account with Ally is an arduous process.

whodidntante wrote:
Mon Aug 27, 2018 12:37 pm
You can get higher yield elsewhere, so maybe it's good if they reject you.
better yield and as good/better user experience?

i am all ears because right now my money is parked with Chase earning NOTHING.
by njfastlife
Mon Aug 27, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 3230

Re: Man...opening a savings account with Ally is an arduous process.

9liner wrote:
Mon Aug 27, 2018 12:22 pm
Do you have a credit freeze in place? I've been denied a high-yield savings account in the past due to credit freezes.
double checking with my wife now. she may have after the Experian fiasco.
by njfastlife
Mon Aug 27, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 3230

Re: Man...opening a savings account with Ally is an arduous process.

Don't you just go onto their website sign up, link their account to your primary checking account, they send two small deposits to your primary checking, then you log onto Ally and verify those two deposits and you are then good to go. Couldn't be any simpler.... that is not how it worked for me at...
by njfastlife
Mon Aug 27, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Man...opening a savings account with Ally is an arduous process.
Replies: 32
Views: 3230

Man...opening a savings account with Ally is an arduous process.

it's been over a week since i submitted my application online.

called up today and was told a letter was mailed out yesterday and i will get it within 7-10 business days.

she could not elaborate what that letter entailed.

seems like a long, drawn-out process to open a savings account, no?
by njfastlife
Fri Aug 10, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Saving for a downpayment on a house. Help?!
Replies: 15
Views: 1089

Re: Saving for a downpayment on a house. Help?!

Depending on the saving account interest rate yes it could be your best place. If its a low interest .05% you can open a high interest savings, or Money Market account (Ally, Capital One) getting around 2% interest on the money. I would put the money no where else if it was me. This is a short term...
by njfastlife
Fri Aug 10, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Saving for a downpayment on a house. Help?!
Replies: 15
Views: 1089

Re: Saving for a downpayment on a house. Help?!

PFInterest wrote:
Fri Aug 10, 2018 8:42 am
njfastlife wrote:
Fri Aug 10, 2018 8:35 am
PFInterest wrote:
Fri Aug 10, 2018 8:08 am
yes. Ally is at 1.8% right now.
how much is 20%?
we'd feel good with $100K downpayment likely.
your home is only 500K? in NYC metro......
a starter home can be had in that range. and i said "as close to 20% as possible"
by njfastlife
Fri Aug 10, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Saving for a downpayment on a house. Help?!
Replies: 15
Views: 1089

Re: Saving for a downpayment on a house. Help?!

PFInterest wrote:
Fri Aug 10, 2018 8:08 am
yes. Ally is at 1.8% right now.
how much is 20%?
we'd feel good with $100K downpayment likely.
by njfastlife
Fri Aug 10, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Saving for a downpayment on a house. Help?!
Replies: 15
Views: 1089

Saving for a downpayment on a house. Help?!

hey all, my wife and i are in the midst of saving for a downpayment on our first house. unfortunately for us, homes in our region (NYC metro) are quite expensive and that's before you factor taxes into the equation. at any rate, we'd hope to put down as close to 20% as possible - and we're probably ...
by njfastlife
Mon Jan 29, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: 457b Allocation Help
Replies: 13
Views: 995

Re: 457b Allocation Help

once again a whole bunch of great information.

hoping that NJ has a similarly great 457 plan in place so that if/when we move that is an option.
by njfastlife
Sun Jan 28, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: 457b Allocation Help
Replies: 13
Views: 995

Re: 457b Allocation Help

thanks guys.

she's in the Vanguard TD 2035 which is 80/20 i believe.

we're both a bit more risk tolerant so she'd be good going to a 90/10 AA in this portfolio.
by njfastlife
Sat Jan 27, 2018 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: 457b Allocation Help
Replies: 13
Views: 995

Re: Roth IRA: VTTHX 457: VWENX ... smart or stupid?

currently my wife only contributes to a Roth IRA, the Vanguard Target Date 2035. she is 31 years old. recently we learned (thanks to a helpful member here) of another low-cost option available to her, a 457. looking into this a bit more, it makes a lot of sense. these are her options. https://i.img...
by njfastlife
Sat Jan 27, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: 457b Allocation Help
Replies: 13
Views: 995

457b Allocation Help

currently my wife only contributes to a Roth IRA, the Vanguard Target Date 2035. she is 31 years old. recently we learned (thanks to a helpful member here) of another low-cost option available to her, a 457. looking into this a bit more, it makes a lot of sense. these are her options. https://i.imgu...
by njfastlife
Thu Jan 25, 2018 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

so is a 100% Vanguard Wellington allocation "Boglehead Approved"? if so, i think i will go that route in her 457. Most BHs consider Vanguard's Wellington to be a very well-run actively managed fund. It's asset allocation of about 60/40 is moderate. still need to figure out what to exchange the Oppy...
by njfastlife
Wed Jan 24, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me reallocate my 401K and Roth IRA
Replies: 6
Views: 571

Re: Please help me reallocate my 401K and Roth IRA

just bumping this thread hoping for any additional insight into my current AA.
by njfastlife
Wed Jan 24, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

i had my gf reach out to her benefits contact at the school and her response was: "i am not a financial advisor and neither is the school district nor can we provide financial advisors for our vendors. you have to do your own research or ask fellow coworkers". do they make this stuff purposely conf...
by njfastlife
Wed Jan 24, 2018 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

i had my gf reach out to her benefits contact at the school and her response was: i am not a financial advisor and neither is the school district nor can we provide financial advisors for our vendors. you have to do your own research or ask fellow coworkers". do they make this stuff purposely confus...
by njfastlife
Wed Jan 24, 2018 10:59 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

The NY 457 does not have any other % fees to my knowledge. Think it is 20$ per year. Google their paperwork and it is very clear and transparent. ( unlike the other 403b mess you are dealing with ) The Plan's administrative expenses are funded by two primary sources of revenue: the semi-annual part...
by njfastlife
Wed Jan 24, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

Looking back through this thread and I do not see any expense ratios (ER). The 403 and 457 should provide someplace on their websites or in available documentation lists of investments containing past rates of return as well as ERs. Wellington may well be a great choice. The admiral version of the ...
by njfastlife
Wed Jan 24, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

so is a 100% Vanguard Wellington allocation "Boglehead Approved"? if so, i think i will go that route in her 457. still need to figure out what to exchange the Oppy into; sounds like Lincoln is still the best. i wish i could get more plan details (expenses, etc.) but the website only lists the provi...
by njfastlife
Tue Jan 23, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

here are the 457 details

Image

i assume the Wellington is the best option but doesn't that have a $50K min?
by njfastlife
Tue Jan 23, 2018 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

hey guys bumping this old thread. she now has all of her monies sitting in the Oppenheimer funds. i had her stop contributions and am thinking we should move it into the Lincoln Plan if we all seem to agree this is the best bet. unless we can roll all of this money into some type of Vanguard IRA bu...
by njfastlife
Wed Jan 17, 2018 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

just bumping this one last time in the hopes someone in NY can opine on the Lincoln Participant Directed.

no responses to my PM's as of yet.

thanks.
by njfastlife
Thu Jan 11, 2018 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

Good luck with the PMs. A PM generates an email unless the default setting is opted out of. Did you talk to the local Lincoln rep? Or to a regional Lincoln office? You haven’t mentioned how much your GF is able to contribute annually. Is it more than 18.5k (to state 457) plus 5.5k (to IRA)? Does sh...
by njfastlife
Thu Jan 11, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

If you talked to a local rep, then you may not have received informed information. It’s suggested to talk to someone in a Lincoln Investment Group regional office, not to a local rep. Several BH posters in NY have been able to use the Participant-Directed Platform. Here’s an incomplete list: A440, ...
by njfastlife
Wed Jan 03, 2018 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

is the low-cost Lincoln option better than just rolling the 403b into a Vanguard IRA? She is not allowed to rollover her employer sponsored 403b to an IRA unless she leaves that employer. I thought she had, but I was mistaken. Sorry for the confusion. Her best bet for escaping the Oppy high fees is...
by njfastlife
Wed Jan 03, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Please help me reallocate my 401K and Roth IRA
Replies: 6
Views: 571

Re: Please help me reallocate my 401K and Roth IRA

good points all around.

surprised that switching into the Admiral isn't worth it - i thought most here agreed it was.
by njfastlife
Tue Jan 02, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me reallocate my 401K and Roth IRA
Replies: 6
Views: 571

Please help me reallocate my 401K and Roth IRA

hi all, 31 years of age and currently in the Vanguard Target Retirement 2035 in both my 401K and Roth. i think i have the appetite for a bit more risk - at least more than the 2035 offers so i come to you for advice. any thoughts on which Target Date might work a bit better? additionally, might it m...
by njfastlife
Tue Dec 12, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Having trouble finding a Lincoln Financial "Regional Office"...any help?
Replies: 5
Views: 531

Re: Having trouble finding a Lincoln Financial "Regional Office"...any help?

edge wrote:
Tue Dec 12, 2017 11:56 am
Why in the world would you want to find one?
b/c unfortunately 403b choices are notoriously bad, and my fiancee's are no different. lincoln offers the best with the plan i listed above, but apparently you need to contact a regional office.
by njfastlife
Tue Dec 12, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Having trouble finding a Lincoln Financial "Regional Office"...any help?
Replies: 5
Views: 531

Having trouble finding a Lincoln Financial "Regional Office"...any help?

trying to get a PDF for Lincoln Investments "Participant Directed Platform". when i call Lincoln, all they are able to provide me with are local financial advisors - which I don't believe I want. from what i have been told, i need to call a Regional Office. i am in Westchester County, NY. any assist...
by njfastlife
Wed Nov 29, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

thank you, we will inquire - but is this a better idea than the 457? we were about to rollover her 403b into the 457. thanks for your patience and assistance along the way! If her 403b is with her current employer, she can't do a rollover to that employer's 457 . If the 403b was with a previous emp...
by njfastlife
Wed Nov 29, 2017 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

Sorry, I assumed your username indicated that you were in NJ when you first posted. If she has been in NY, at the same school district, that changes what she can do with the Oppenheimer 403b. She cannot move that account to an IRA unless she has changed districts. She can move it to another 403b pr...
by njfastlife
Wed Nov 29, 2017 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

JW, the OP is dealing with a K-12 school district, which are not involved in vetting the multiple vendors they allow or the vendor's offerings. Yeah, hard to believe. These are non-ERISA 403b and 457 plans. In this thread started last year, the OP and GF were in NJ and that list was for her NJ scho...
by njfastlife
Wed Nov 29, 2017 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

Yes, Vanguard's Wellington is an very good balanced fund and suitable for her 457 account. That assumes she is OK with the fund's asset allocation of about 60-70% stocks and 40-30% bonds. A 60/40 AA is not really "aggressive", in fact it's usually considered a moderate AA, depending on age of cours...
by njfastlife
Tue Nov 28, 2017 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

The first step is to find the list of providors for her district. It’s usually on the district’s website. Or it may be on the website of a Third Party Administrator that the district hires to help manage the 403b and 457 plans. If you can’t find the lists on the district’s website, call the distric...
by njfastlife
Tue Nov 28, 2017 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

just a follow-up here, is it possible and prudent to withdraw from the 403b entirely and roll it entirely into a Vanguard IRA? we now have a Roth IRA opened for her, but might it make sense to open a traditional IRA as well and just roll the funds over from the 403b? Yes, if she is no longer workin...
by njfastlife
Mon Nov 27, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 68
Views: 6188

Re: Help me help my GF with her Oppenheimer 403(b)...

just a follow-up here, is it possible and prudent to withdraw from the 403b entirely and roll it entirely into a Vanguard IRA?

we now have a Roth IRA opened for her, but might it make sense to open a traditional IRA as well and just roll the funds over from the 403b?
by njfastlife
Mon Nov 27, 2017 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: I'm worried the Vangaurd Target Retirement 2035 (VTTHX) might be too conservative
Replies: 27
Views: 2397

I'm worried the Vangaurd Target Retirement 2035 (VTTHX) might be too conservative

31 years of age.

i know rule of thumb is typically age in bonds, but i think this fund might be slightly too conservative.

any thoughts or advice?

thanks!
by njfastlife
Wed Jul 12, 2017 9:07 am
Forum: Investing - Help with Personal Investments
Topic: When, if ever, does it make sense to cease contributing the 401K max?
Replies: 40
Views: 6523

Re: When, if ever, does it make sense to cease contributing the 401K max?

for instance, me being 30 years old and playing catchup in my 401K (currently have $60K between 401K and ROTH IRA) but wanting to start saving for a house downpayment. seems to me, unless my salary increases relatively substantially, at some point i might need to bite the bullet and ratchet down th...
by njfastlife
Sat Jul 01, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: When, if ever, does it make sense to cease contributing the 401K max?
Replies: 40
Views: 6523

When, if ever, does it make sense to cease contributing the 401K max?

for instance, me being 30 years old and playing catchup in my 401K (currently have $60K between 401K and ROTH IRA) but wanting to start saving for a house downpayment. seems to me, unless my salary increases relatively substantially, at some point i might need to bite the bullet and ratchet down the...
by njfastlife
Sat Jul 01, 2017 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: My 72 year old father is looking for advice on where to park ~$300K
Replies: 22
Views: 3987

Re: My 72 year old father is looking for advice on where to park ~$300K

i'm sure he'd be pretty happy, or at least more happy, with the CD strategy you suggested. can you tell me a little bit more (where to shop, who offers some of the "better" ones, etc.)? Sure. The place many of us find our CD (and savings and checking account) deals is Bank Account Rates | Bank Revi...
by njfastlife
Mon Apr 10, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: My 72 year old father is looking for advice on where to park ~$300K
Replies: 22
Views: 3987

Re: My 72 year old father is looking for advice on where to park ~$300K

How about $100k in Wellesley and $200k in a CD? My much older father has enjoyed his ride with Wellesley and it gives him something to watch. It is only 40% stock, so a dip every now and then won't hurt too badly, if he can sleep at night and leave it alone. Just a thought, and he might gain in six...
by njfastlife
Sun Apr 09, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: My 72 year old father is looking for advice on where to park ~$300K
Replies: 22
Views: 3987

My 72 year old father is looking for advice on where to park ~$300K

other than in savings accounts where it currently sits. he is thinking about CD's but i imagine there has to be a better place to put the money for the time being. i think he's just hoping to do better than the minuscule interest it's earning in a savings account while still limiting risk as much as...