Search found 21 matches

by TeacherInCa
Sat Jan 09, 2021 6:25 pm
Forum: Personal Investments
Topic: When to pay taxes on index mutual funds
Replies: 12
Views: 1179

Re: When to pay taxes on index mutual funds

Thank you for all your replies. Please let me know if I am on the correct path moving forward. Here is my background info: I have a pension that will pay close to my current salary of 100 K (no Social Security). My current tax bracket is 22%, and I expect it to be the same or higher in retirement, a...
by TeacherInCa
Sat Jan 09, 2021 3:20 pm
Forum: Personal Investments
Topic: When to pay taxes on index mutual funds
Replies: 12
Views: 1179

Re: When to pay taxes on index mutual funds

The first type is the dividends and capital gains distributions that are paid out by the mutual fund each year. These will be reportable as income each year, whether you choose to receive the dividends/distributions in cash or reinvest them in the mutual fund. Thank you, friends, for all your repli...
by TeacherInCa
Sat Jan 09, 2021 1:33 am
Forum: Personal Investments
Topic: When to pay taxes on index mutual funds
Replies: 12
Views: 1179

When to pay taxes on index mutual funds

Hello friends, I have a new taxable account at Fidelity in the Zero index mutual funds, and periodically funding it. I plan to withdrawal in about 10 years. Do I pay taxes on the earnings yearly, or do I pay taxes only at withdrawal? Same question with a taxable account at Vanguard (VTSAX)....when d...
by TeacherInCa
Fri Nov 06, 2020 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Take the cash or the free dinner?
Replies: 117
Views: 13200

Re: Take the cash or the free dinner?

I want to be entertained and get in on the action. How do I receive these offers?
by TeacherInCa
Sun Aug 02, 2020 11:00 pm
Forum: Personal Investments
Topic: New here could use some guidance
Replies: 13
Views: 744

Re: New here could use some guidance

Please research WEP and GPO to see if/how your pension may affect your SS benefits.
by TeacherInCa
Sat Mar 23, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: An indicator of your partner's financial attitude is...
Replies: 4
Views: 851

An indicator of your partner's financial attitude is...

An indicator of your partner's financial attitude is.....

...when he uses 5 sheets of paper towels to wipe-up 1 drop of spilled milk. :thumbsdown :annoyed

Other indicators?
by TeacherInCa
Tue Jan 01, 2019 9:56 pm
Forum: Personal Investments
Topic: Help with retirement and taxable acct. Move to Fidelity?
Replies: 1
Views: 241

Help with retirement and taxable acct. Move to Fidelity?

Hello, BH Friends! Your wisdom is needed. Background: Age 46, single, no children, no debt, own home, salary 98K/yr., will retire with pension at age 62 (85% of salary), in California (24% Fed tax/9% state tax), max Roth IRA at VG (TR 2040), max Roth 403b at Voya (100% VINIX). I want more liquidity,...
by TeacherInCa
Fri Mar 23, 2018 10:09 am
Forum: Personal Investments
Topic: I am a newbie country hick and
Replies: 20
Views: 2115

Re: I am a newbie country hick and

^^^^ Just put it all in a vanguard life strategy or target date fund. Dump the advisor. Your fees will be somewhere between 0.1% and 0.2%. Or if you really want an advisor go with vanguard advisory services at about 0.3%. I agree, 1.5% is a rip-off! JBTX, I thought Vanguard advisory services were f...
by TeacherInCa
Fri Mar 23, 2018 10:06 am
Forum: Personal Investments
Topic: I am a newbie country hick and
Replies: 20
Views: 2115

Re: I am a newbie country hick and

Vanguard Life Strategy and Target Retirement funds are very impressive low maintenance do it yourself funds with MUCH lower fees. That is my recommendation too....and I'm a newbie as well. Joe, if you really want a hands-off approach, I would choose a Target RF for now until you learn more about in...
by TeacherInCa
Wed Mar 21, 2018 6:04 pm
Forum: Personal Investments
Topic: Help with Retirement Investment for Teacher
Replies: 24
Views: 2475

Re: Help with Retirement Investment for Teacher

if the equity markets tank due to a recession, you could rebalance using the bonds to increase your equity percentage when the stocks are on sale. Then rebalance when stocks climb back up to your desired asset allocation. 85/15 or 80/20 equity/bond would still be an aggressive portfolio. Ask those ...
by TeacherInCa
Tue Mar 20, 2018 10:28 pm
Forum: Personal Investments
Topic: Help with Retirement Investment for Teacher
Replies: 24
Views: 2475

Re: Help with Retirement Investment for Teacher

I’m curious how you got your CalSTRS supplemental account large enough that it will pay out $400 a month. My balance in the supplemental account hasn’t changed much in the past decade. Do you teach summer school regularly or do some sort of extra duty? Yes, I performed a lot of extra duty. For a fe...
by TeacherInCa
Tue Mar 20, 2018 9:11 pm
Forum: Personal Investments
Topic: Help with Retirement Investment for Teacher
Replies: 24
Views: 2475

Re: Help with Retirement Investment for Teacher

I always wonder why people who can take more risk based on income and other parameters take less, Because we're afraid to lose money. :shock: ...while, those who should stick to investing in bonds take significantly more risk. Because we're trying to make-up for the earlier years we lost being too ...
by TeacherInCa
Tue Mar 20, 2018 9:00 pm
Forum: Personal Investments
Topic: Help with Retirement Investment for Teacher
Replies: 24
Views: 2475

Re: Help with Retirement Investment for Teacher

gotester2000 wrote: Tue Mar 20, 2018 6:00 am OP,

You can also think of crypto - 5%.
Vegas is more fun! :wink:
by TeacherInCa
Tue Mar 20, 2018 8:59 pm
Forum: Personal Investments
Topic: Help with Retirement Investment for Teacher
Replies: 24
Views: 2475

Re: Help with Retirement Investment for Teacher

Fellow CA Teacher here as well... This is something that's a little nit-picky, but see if your Third Party Administrator has Vanguard as direct 403b provider. If Vanguard is on that list, your District should have a Plan ID number so you can open up a Vanguard account directly with Vanguard (via Ne...
by TeacherInCa
Tue Mar 20, 2018 8:52 pm
Forum: Personal Investments
Topic: Help with Retirement Investment for Teacher
Replies: 24
Views: 2475

Re: Help with Retirement Investment for Teacher

VIIIX is the S&P 500. Both are good, but the Total Stock Market is more diversified including mid and small caps. Since you don't have the Total International Stock Market Index, a combination of Developing and Emerging Markets would have to be used to approximate it. It wouldn't be the same as...
by TeacherInCa
Mon Mar 19, 2018 11:26 pm
Forum: Personal Investments
Topic: Help with Retirement Investment for Teacher
Replies: 24
Views: 2475

Re: Help with Retirement Investment for Teacher

A) Your mention a pension. As this is government funded, you may want to diversify your investments away from the related Govt. This implies lower or no government bonds from the state or insurance company that will fund your pension. Diversity your risk Interesting thought. I am not experienced in...
by TeacherInCa
Mon Mar 19, 2018 11:00 pm
Forum: Personal Investments
Topic: Help with Retirement Investment for Teacher
Replies: 24
Views: 2475

Re: Help with Retirement Investment for Teacher

I would be comfortable choosing an aggressive asset allocation. In fact I might well choose (dare I say it) 100% equities for retirement accounts. OTOH an AA of 80/20 has only slightly less expected returns and quite a lot less volatility. Definitely room for different opinions, but for me the grea...
by TeacherInCa
Mon Mar 19, 2018 10:53 pm
Forum: Personal Investments
Topic: Help with Retirement Investment for Teacher
Replies: 24
Views: 2475

Re: Help with Retirement Investment for Teacher

If your stock funds dropped 50% in value, would you sell? Nope! I'd buy more. :D You could also contribute to a CalSTRS Pension2 457 plan, saving another 18.5k. Have you considered it? Yes, I've considered that, if there is a Roth option. Will definitely look into it after maxing out my Roth 403b. ...
by TeacherInCa
Mon Mar 19, 2018 9:53 pm
Forum: Personal Investments
Topic: Help with Retirement Investment for Teacher
Replies: 24
Views: 2475

Re: Help with Retirement Investment for Teacher

Thank you, APB, for your input and links! Will definitely read up. :thumbsup
by TeacherInCa
Mon Mar 19, 2018 8:48 pm
Forum: Personal Investments
Topic: Help with Retirement Investment for Teacher
Replies: 24
Views: 2475

Help with Retirement Investment for Teacher

Hello, Boglehead friends! I am a newbie to investing. I have made a lot of mistakes in the past, and taking action to improve my financial future by reading blogs and lurking on these boards. Please evaluate my financial situation below and let me know if my goal of accumulating 1 million at retirem...
by TeacherInCa
Thu Jun 22, 2017 9:26 am
Forum: Personal Investments
Topic: Vanguard Retirement Account [why doesn't Vanguard have a ROTH 403b?]
Replies: 10
Views: 2190

Vanguard Retirement Account [why doesn't Vanguard have a ROTH 403b?]

Hello,
I currently have a ROTH 403b at Voya (CalStrs Pension 2), but they are charging me .25% admin fee in addition to the fees for each selected Vanguard fund. Why does Vanguard not have a ROTH 403b?