Search found 22 matches

by susleni
Sun Sep 08, 2019 9:21 am
Forum: Personal Investments
Topic: 403b annuity or taxable account?
Replies: 14
Views: 745

Re: 403b annuity or taxable account?

Yes, there's a state-administered 457 plan that is excellent; however, her contribution is capped at 4% of base salary, rather than the IRS maximum contribution of $19,000 (under age 50). Not sure why, but that's how Virginia does things for public school employees hired after 1/1/14.
by susleni
Thu Sep 05, 2019 5:50 pm
Forum: Personal Investments
Topic: 403b annuity or taxable account?
Replies: 14
Views: 745

Re: 403b annuity or taxable account?

Lakpr: Thanks again for your responses, and time investment throughout the day.

FiveK: I never realized how much was done behind the scenes to keep this site operating as it does. Much appreciated.
by susleni
Thu Sep 05, 2019 2:25 pm
Forum: Personal Investments
Topic: 403b annuity or taxable account?
Replies: 14
Views: 745

Re: 403b annuity or taxable account?

Thanks again for your response.

If Roth 403 b is available and is the better option, are your calculations assuming a 22% Federal tax rate through 2025, then 25%, or 22% the entire time?

Thank again! I sincerely appreciate you dragging out this thread!!!
by susleni
Thu Sep 05, 2019 11:38 am
Forum: Personal Investments
Topic: 403b annuity or taxable account?
Replies: 14
Views: 745

Re: 403b annuity or taxable account?

Sorry, the other assumptions I forgot to add:

My state does tax retirement income.

My state taxes capital gains at the income rate (Virginia), so it would be 5.75% for state capital gains, and 5.75% for state income tax.

Thanks!
by susleni
Thu Sep 05, 2019 11:12 am
Forum: Personal Investments
Topic: 403b annuity or taxable account?
Replies: 14
Views: 745

Re: 403b annuity or taxable account?

Thanks so much. I do appreciate this. Assuming a 27.75% income tax rate (22% Fed, 5.75% state), with a starting balance in taxable as $7,225, and assuming our SSA + dual pensions keep us in the 22% Federal bracket (probably more like the 25% Federal bracket, plus 5.75% state bracket) in retirement, ...
by susleni
Thu Sep 05, 2019 10:15 am
Forum: Personal Investments
Topic: 403b annuity or taxable account?
Replies: 14
Views: 745

Re: 403b annuity or taxable account?

Yes, lakpr, the plan is to stay with the employer for 29 years. If it's not too much trouble, could you please provide a URL to your calculator, or share the formula?

Much appreciated!
by susleni
Thu Sep 05, 2019 9:31 am
Forum: Personal Investments
Topic: 403b annuity or taxable account?
Replies: 14
Views: 745

Re: 403b annuity or taxable account?

There's a 5% surrender fee if she backs out within the first five years. I am reaching out for more details.

Thanks again!
by susleni
Thu Sep 05, 2019 9:28 am
Forum: Personal Investments
Topic: 403b annuity or taxable account?
Replies: 14
Views: 745

Re: 403b annuity or taxable account?

Yes, annuity is the only option with this employer's 403b.

The Vanguard S&P 500 option I mentioned in the original post is through Horace Mann, which had the lowest rates amongst the employer's available partners.

Thanks!
by susleni
Thu Sep 05, 2019 9:08 am
Forum: Personal Investments
Topic: 403b annuity or taxable account?
Replies: 14
Views: 745

403b annuity or taxable account?

Greetings, Bogleheads. My wife's employer offers only a 403b annuity, and we are trying to figure out if investing in a taxable index mutual fund with Vanguard would be a better option. 403b: mortality expense fee: 0.85% expense ratio: 0.04% (VFIAX) annual account maintenance fee: $25 The alternativ...
by susleni
Tue Aug 27, 2019 5:40 am
Forum: Personal Finance (Not Investing)
Topic: mortgage question
Replies: 15
Views: 1592

Re: mortgage question

Thanks so much to all who have responded. Is there a BH consensus on a maximum percentage of one's NW that should be invested in a primary residence? I realize that this is sending us down the path of future market return speculation, but if I made a large enough down payment to get a 15-year mortga...
by susleni
Mon Aug 26, 2019 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage question
Replies: 15
Views: 1592

mortgage question

Greetings, Bogleheads. I'm looking into purchasing a home, and would like to ask for down payment advice. Purchase price: $210,000 Salary: $82k base, averaging another $20k per year in overtime (not guaranteed) Assets: $530k (3-fund portfolio: 85% stocks/15% bonds, 30% of stocks in international) Fe...
by susleni
Wed Aug 14, 2019 8:30 am
Forum: Personal Investments
Topic: Laid off - 59yo - advice please
Replies: 44
Views: 6922

Re: Laid off - 59yo - advice please

If you're willing to move outside the country, I would recommend joining the Peace Corps, if you can pass the medical screening. Their recruiters are targeting your age group, healthcare is covered, you can build new job skills, and you'd be at age 62 by the time it's over (recruitment period, plus ...
by susleni
Sat Aug 03, 2019 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 125
Views: 8937

Re: Federal Employee Burn or Sick Leave [before retirement]

IMHO, it's better to burn sick leave after your first day of retirement eligibility. The following example is for a FERS employee with 30 years of service, retiring prior to age 62, and with a high-three of $100,000. Pension: $30,000 (1% of high-three x 30 years) Difference between pre-retirement sa...
by susleni
Sun Sep 30, 2018 5:55 pm
Forum: Personal Investments
Topic: Domestic-International Equity Ratio at Retirement
Replies: 12
Views: 785

Re: Domestic-International Equity Ratio at Retirement

Agreed with MotoTrojan's market timing reference. Just pick a domestic/international allocation and staying the course. No AA is perfect in a given window (your investing lifetime), but it'll even out if you have heirs. Reversion to the mean.
by susleni
Sun Sep 30, 2018 5:18 pm
Forum: Personal Investments
Topic: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.
Replies: 87
Views: 8951

Re: Beginner. Want to get mega-rich. Help with portfolio, tips, etc.

Reading William Bernstein's If You Can: (https://www.etf.com/docs/IfYouCan.pdf) is worth the fifteen minutes. Read it today. Read it again tomorrow, and a third time the next day. Lower your living expenses starting with what you drive and where you live. Your friends probably won't understand, and ...
by susleni
Tue Oct 24, 2017 9:56 am
Forum: Investing - Theory, News & General
Topic: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]
Replies: 566
Views: 74874

Re: Fellow TDA bogleheads [TDA dropping Vanguard ETFs from commission-free list]

For those of us holding VTI, VT, and BND at TD, would it be better to just pay the new transaction fee, or find equivalents from the new no-fee list? If so, what would be good equivalents? Thanks!
by susleni
Sat Apr 15, 2017 2:06 pm
Forum: Personal Investments
Topic: How often should I contribute to my taxable account?
Replies: 23
Views: 3985

Re: How often should I contribute to my taxable account?

Thanks everyone for your help! Looks like we'll be putting it on auto-pilot.

Thanks again!
by susleni
Fri Apr 14, 2017 5:24 am
Forum: Personal Investments
Topic: How often should I contribute to my taxable account?
Replies: 23
Views: 3985

How often should I contribute to my taxable account?

I recently got a raise that allows me to max out my 401k, Roth IRA, and HSA, and I've opened a taxable Vanguard account with indexed mutual funds to which I plan on contributing approximately $1,000 per month. I've read that contributing monthly can lead to a major headache when filing tax returns i...
by susleni
Fri Apr 07, 2017 10:27 am
Forum: Personal Investments
Topic: US Savings Bonds vs Vanguard intermediate-term tax-exempt fund
Replies: 8
Views: 1372

Re: US Savings Bonds vs Vanguard intermediate-term tax-exempt fund

Thanks for the advice, stevew7, and to each contributor for your clarity!
by susleni
Fri Apr 07, 2017 7:12 am
Forum: Personal Investments
Topic: US Savings Bonds vs Vanguard intermediate-term tax-exempt fund
Replies: 8
Views: 1372

Re: US Savings Bonds vs Vanguard intermediate-term tax-exempt fund

Thanks, Aristotelian. I'm single, 25% tax bracket, 5.75% state income tax. Aside from the $10k in I Bonds and a small high-yield checking account, my 401k, Roth IRA, HSA, and Vanguard taxable account (VTSAX, VTIAX, VWIUX) combine for 87% stock (120-age) and 13% bond. The domestic/international stock...
by susleni
Fri Apr 07, 2017 5:30 am
Forum: Personal Investments
Topic: US Savings Bonds vs Vanguard intermediate-term tax-exempt fund
Replies: 8
Views: 1372

Re: US Savings Bonds vs Vanguard intermediate-term tax-exempt fund

Much thanks to everyone! Thus far, I've been holding the I Bonds in my plan-B emergency fund, secondary to my small high-yield checking account, like Geist mentioned. (I forgot to mention in the original post that yes, I max out my HSA as well.)

Thanks again!
by susleni
Thu Apr 06, 2017 12:20 pm
Forum: Personal Investments
Topic: US Savings Bonds vs Vanguard intermediate-term tax-exempt fund
Replies: 8
Views: 1372

US Savings Bonds vs Vanguard intermediate-term tax-exempt fund

I'd like to request guidance on US savings bonds (I Bonds) vs. the Vanguard intermediate-term tax-exempt fund. I'm 33 years old, single (25% tax bracket, 5.75% state), currently max out my 401k and Roth IRA, and contribute approximately $1,000 per month into a Vanguard three-fund taxable portfolio (...