Search found 54 matches

by jack1234
Sun May 06, 2018 10:18 pm
Forum: Investing - Help with Personal Investments
Topic: Help with in-laws investment- 100% in stocks with 5 years left to retire
Replies: 46
Views: 3518

Re: Help with in-laws investment- 100% in stocks with 5 years left to retire

My in laws plan to retire in 5 years and have everything in 100% stocks. From reading bogleheads, I know this is not a recommended strategy. How do I discuss with them that they should be taking less risk? Their mortgage is paid off and they have no significant debt. Both of them will get a pension...
by jack1234
Sun May 06, 2018 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help with in-laws investment- 100% in stocks with 5 years left to retire
Replies: 46
Views: 3518

Re: Help with in-laws investment- 100% in stocks with 5 years left to retu

If your in-laws will have enough income from pensions and Social Security to cover all of their retirement expenses, then keeping 100% stock allocation is not misguided. It is aggressive, but it may be that their goal is to grow their assets for heirs and/or charity. It does make sense to have some...
by jack1234
Sun May 06, 2018 10:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help with in-laws investment- 100% in stocks with 5 years left to retire
Replies: 46
Views: 3518

Re: Help with in-laws investment- 100% in stocks with 5 years left to retu

Obviously they have a high tolerance for volatility. If they can retire totally on their pensions and SS, I see nil reason to be in anything other than 100% stocks (diversified).It really depends on how much of their stocks portfolio they will NEED to withdraw from regularly. If it is less than, sa...
by jack1234
Sun May 06, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help with in-laws investment- 100% in stocks with 5 years left to retire
Replies: 46
Views: 3518

Re: Help with in-laws investment- 100% in stocks with 5 years left to retu

The main question is did they ask for advice. Are they the parents of your fiancee? You mentioned in another thread https://www.bogleheads.org/forum/viewtopic.php?f=2&t=248578 that you are engaged. How does your fiancee feel about giving advice, if my deduction is correct. Fiance agrees that they n...
by jack1234
Sun May 06, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help with in-laws investment- 100% in stocks with 5 years left to retire
Replies: 46
Views: 3518

Re: Help with in-laws investment- 100% in stocks with 5 years left to retu

Why do they need help? Did they ask you? Do you have to pick up the pieces if their approach tanks? Did they reach their "number"? Now, their approach is not one I'd advocate. But, they have pensions and probably SS. The house is paid for. They are going to have to change their minds. So, I'd recom...
by jack1234
Sun May 06, 2018 7:52 am
Forum: Investing - Help with Personal Investments
Topic: Help with in-laws investment- 100% in stocks with 5 years left to retire
Replies: 46
Views: 3518

Re: Help with in laws retirement- 100% in stocks with 5 years left to retire

My in laws plan to retire in 5 years and have everything in 100% stocks. From reading bogleheads, I know this is not a recommended strategy. How do I discuss with them that they should be taking less risk? Their mortgage is paid off and they have no significant debt. Both of them will get a pension...
by jack1234
Sun May 06, 2018 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Help with in-laws investment- 100% in stocks with 5 years left to retire
Replies: 46
Views: 3518

Help with in-laws investment- 100% in stocks with 5 years left to retire

My in laws plan to retire in 5 years and have everything in 100% stocks. From reading bogleheads, I know this is not a recommended strategy. How do I discuss with them that they should be taking less risk? Their mortgage is paid off and they have no significant debt. Both of them will get a pension ...
by jack1234
Sun May 06, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

jack1234 wrote:
Wed May 02, 2018 10:28 pm
....
by jack1234
Fri May 04, 2018 12:36 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

That's not at all fair since the reason O.P. was living at home was to take care of the aunt. The family should be grateful for that. I didn't point out how respectable that is for a 35 year old to live at home to take care of a family member when living alone would be preferable, but it is worth n...
by jack1234
Fri May 04, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

As far as I am concerned there is NO WAY you should be living at home unless it is to personally care for a family member. There is no way you can continue to mature as a person unless you live alone. As empirical proof I am not sure I know anybody who is a success on a personal level (relationship...
by jack1234
Fri May 04, 2018 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

or you could go with Option 3: Stay where you are but pay $1000 in rent to your parents (Plus your share of utilities if you aren't already paying utilities). You save $1500 monthly - they get $1000 monthly to offset your being there. Win-win. EXACTLY! <CLIP>Personally, I would feel weird collectin...
by jack1234
Fri May 04, 2018 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

TxAg wrote:
Thu May 03, 2018 2:37 pm
Living at home probably puts a damper on your love/social life. Get out now!!!
Actually it hasn’t. I have privacy here and I’m engaged. But I appreciate the THREE exclamation points you needed to include. Did you watch the movie ‘Get Out?’ Fabulous film!!!!!
by jack1234
Fri May 04, 2018 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

or you could go with Option 3: Stay where you are but pay $1000 in rent to your parents (Plus your share of utilities if you aren't already paying utilities). You save $1500 monthly - they get $1000 monthly to offset your being there. Win-win. EXACTLY! Considering OP specifically stated that he is ...
by jack1234
Fri May 04, 2018 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

This is a personal question and I’d love to know everyone’s thoughts. I recently got a new job where I’m making a steady income and a higher income. I’ve been living at home bc I simply couldn’t afford rent before and my aunt was sick so I was taking care of her But she’s better now and I like my f...
by jack1234
Fri May 04, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

As a parent who has adult children about your age, my advice would be for you to move out. Luckily you are not my parents and my parents are dead. But if they weren’t and I had only recently moved back to help out they still wouldn’t tell me to leave. It’s part of our culture for families to live t...
by jack1234
Fri May 04, 2018 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

wander wrote:
Thu May 03, 2018 5:39 am
You should move out next month.
Wow.
by jack1234
Fri May 04, 2018 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

I lived with my mom until she passed away earlier this year. I am 37. She needed my help doing errands and house chores due to mobility issues and I, in turn was able to help her out and save a ton of money. It worked out well for both of us. I personally know how hard that must have been. Sending ...
by jack1234
Fri May 04, 2018 12:15 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

In most cultures and most times, what you've done the last few years would be the norm, so you don't need to feel weird about living at home. But it sounds like you're ready for a change. Living at home will always be the most frugal option, but money is just a tool to get the life you want. I'd su...
by jack1234
Fri May 04, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

In some ethnic communities there are strong family ties that make it awkward and cumbersome to leave the family home until you marry. It doesn't seem like that is the situation here. At age 35 it's time to move on with your life into your own space. If you don't do it now how much longer could you ...
by jack1234
Fri May 04, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

yangtui wrote:
Thu May 03, 2018 12:08 am
If you are happy living at home and your parents are happy to have you then stay. Everybody is different. $2500 a month goes a long way.
One of the only non judgmental responses here.
Thank you.
by jack1234
Fri May 04, 2018 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

This is a personal question and I’d love to know everyone’s thoughts. I recently got a new job where I’m making a steady income and a higher income. I’ve been living at home bc I simply couldn’t afford rent before and my aunt was sick so I was taking care of her But she’s better now and I like my f...
by jack1234
Fri May 04, 2018 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Re: Pay $2500 in rent or continue living at home

Not me! If my 35 year old "kid" or niece/nephew had a good job and lived with me, you bet they would be contributing monetarily to the household. The OP has to grow up and be the adult they are. That's not at all fair since the reason O.P. was living at home was to take care of the aunt. The family...
by jack1234
Wed May 02, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Pay $2500 in rent or continue living at home
Replies: 91
Views: 7198

Pay $2500 in rent or continue living at home

This is a personal question and I’d love to know everyone’s thoughts. I recently got a new job where I’m making a steady income and a higher income. I’ve been living at home bc I simply couldn’t afford rent before and my aunt was sick so I was taking care of her But she’s better now and I like my fa...
by jack1234
Sun Apr 15, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

You’ll read threads here and believe you are woefully behind. Just realize you are ahead of 99% of people in the US. I’d ditch the student loan as quick as possible. That’s a big sum at 35. How long have you carried it and how big was it to start? You have a 30 year horizon. Look forward, not back....
by jack1234
Mon Apr 09, 2018 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

You’ll read threads here and believe you are woefully behind. Just realize you are ahead of 99% of people in the US. I’d ditch the student loan as quick as possible. That’s a big sum at 35. How long have you carried it and how big was it to start? You have a 30 year horizon. Look forward, not back....
by jack1234
Mon Apr 09, 2018 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

I’m not sure if we will have kids but I do agree on allocating some of my money to bonds. Do you recommend I do that now in my taxable brokerage account or in my Roth IRA or in the 457? Or in all? General rule of thumb is to keep bonds in tax advantaged accounts and not taxable. If you hold bonds o...
by jack1234
Mon Apr 09, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

All good points ... I haven’t been investing long enough to know what a loss feels like. I’m risk averse but not super risk averse so I do agree I need to put money in bonds. Which vanguard bond fund do you recommend and at what percentage should I allocate it for? Hold bonds and/or a stable value ...
by jack1234
Sat Apr 07, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

You can't go back and change the past, so try to stop worrying so much about what you could have done and focus on what you can do now, going forward. I would agree with the others to maximize your contributions to your 457(b) and Roth IRA. Do you also have access to a 401(k) or 403(b)? Some states...
by jack1234
Sat Apr 07, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

You’ll read threads here and believe you are woefully behind. Just realize you are ahead of 99% of people in the US. I’d ditch the student loan as quick as possible. That’s a big sum at 35. How long have you carried it and how big was it to start? You have a 30 year horizon. Look forward, not back....
by jack1234
Sat Apr 07, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

You can't go back and change the past, so try to stop worrying so much about what you could have done and focus on what you can do now, going forward. I would agree with the others to maximize your contributions to your 457(b) and Roth IRA. Do you also have access to a 401(k) or 403(b)? Some states...
by jack1234
Sat Apr 07, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

Details about me: 35 years old, New York resident, Single, Stable job that I will be in for the next 30 years at which point I plan to retire with a pension That's a good plan, but you should make plans that do not require that outcome. There are no guarantees. Not sure why you want the primecap fu...
by jack1234
Sat Apr 07, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

I'll echo the previous post about how much you need for retirement. We are all so different there and what we want out of life, where we retire, and what we plan on doing. Before you need to worry about how much you really need to have saved, you will need to have retirement in sight and run some #...
by jack1234
Sat Apr 07, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

One way to catch up is to take cues from the FIRE community, so you might peruse those types of websites. The time until you can afford to retire is all about the saving rate. Check out mmm post on the simple math of early retirement. https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple...
by jack1234
Sat Apr 07, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

I will retire with a pension and a really good health care plan which puts my mind at ease. However, I am worried that I don't have enough saved now at my age.....I've read that we need 2 million when we retire? Read where? If everyone needed $2m to retire, very few people would retire in this coun...
by jack1234
Sat Apr 07, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

I will retire with a pension and a really good health care plan which puts my mind at ease. However, I am worried that I don't have enough saved now at my age.....I've read that we need 2 million when we retire? Read where? If everyone needed $2m to retire, very few people would retire in this coun...
by jack1234
Sat Apr 07, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

I think you are focused too much catching up and that might be leading you to be more aggressive than you need to be. Also, being relatively new to investing you might not have a good handle on your risk tolerance. Risk tolerance is very hard to determine especially if you have been investing durin...
by jack1234
Sat Apr 07, 2018 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Re: Starting to invest at 35, is this a good plan for retirement planning?

Hey Jack, Looks like you are getting on the right path and while 35 might seem late to you, it is still earlier than many or even most Americans in my opinion. The most important things you can be doing for the time being is maxing your Roth and 457 plan. With your heavy weighting towards your taxa...
by jack1234
Sat Apr 07, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Starting to invest at 35, is this a good plan for retirement planning?
Replies: 32
Views: 4134

Starting to invest at 35, is this a good plan for retirement planning?

Hi all, I've been reading these pages for a long time now and have learned a lot. So much sage advice! I'm still new to investing but know the 3 fund plan and just really want to know if there is anything else I should be doing. I recently got a new job where I can finally save a lot of money and wo...
by jack1234
Sun Mar 18, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Investing Advice
Replies: 22
Views: 1075

Re: 403b Investing Advice

A fee of $2 per person per year is an irritation but meaningless, don't let that deter you. I think what the OP is referring to is a fee that the Third Party Administrator charges the school district. The high-fee vendors willingly pay it for the district. The district wants to avoid the fee, altho...
by jack1234
Sun Mar 18, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Investing Advice
Replies: 22
Views: 1075

Re: 403b Investing Advice

A fee of $2 per person per year is an irritation but meaningless, don't let that deter you. I think what the OP is referring to is a fee that the Third Party Administrator charges the school district. The high-fee vendors willingly pay it for the district. The district wants to avoid the fee, altho...
by jack1234
Sun Mar 18, 2018 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Investing Advice
Replies: 22
Views: 1075

Re: 403b Investing Advice

Thank you for all this advice! I appreciate it! I have sep t hours on that 403b website. I am a newer teacher so I’m just a little hesitant to be ‘that’ teacher that thinks they know everything about investing. I have read the Times article. That’s a great point though- sharing the article with othe...
by jack1234
Sun Mar 18, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Investing Advice
Replies: 22
Views: 1075

Re: 403b Investing Advice

OP, did you check out Oppenheimer with 403bcompare.com ? They are the only mutual fund based 403b(7) provider on your list. The rest are insurance companies which mostly want to sell annuity-based 403b plans. (I’m ignoring Confidential Planning.) Oppenheimer offers 3 classes of each of their funds,...
by jack1234
Sun Mar 18, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Investing Advice
Replies: 22
Views: 1075

Re: 403b Investing Advice

Your previous thread was about the NY state 457 plan, which would be much preferred to any of those 403b provider's plans. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=243778 Does your school district make the NY stat 457 plan available? If so, are you looking for a 403b plan to use after m...
by jack1234
Sun Mar 18, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Investing Advice
Replies: 22
Views: 1075

Re: 403b Investing Advice

Comes down to the fees they charge. Do you know what those are? Nope. I called them and they wouldn't tell me over the phone until I gave them tons of information about myself including my income, current assets, retirement accounts, etc. It was a huge turn off. Fees are also NOT listed on their we...
by jack1234
Sun Mar 18, 2018 1:22 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Investing Advice
Replies: 22
Views: 1075

Re: 403b Investing Advice

Hi, I have access to a 403b here in New York, but I have read here and elsewhere online that they are not great investment vehicles because of hidden fees (surrender fees, high ERs, etc). However, I don't have access to a 401k or a traditional IRA. I feel like I should invest pre-tax money. Here ar...
by jack1234
Sun Mar 18, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Investing Advice
Replies: 22
Views: 1075

Re: 403b Investing Advice

Comes down to the fees they charge. Do you know what those are? When I contacted a few of these companies asking for their list of mutual funds and corresponding ERs, they refused to tell me until I told them how much money I made and what my 'goals' were. There is no transparency with them which i...
by jack1234
Sun Mar 18, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Investing Advice
Replies: 22
Views: 1075

Re: 403b Investing Advice

.....
by jack1234
Sun Mar 18, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: 403b Investing Advice
Replies: 22
Views: 1075

403b Investing Advice

Deleted
by jack1234
Thu Mar 08, 2018 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: New York State 457b Plan- Fund & Allocation questions
Replies: 5
Views: 453

Re: New York State 457b Plan- Fund & Allocation questions

NYSDCB Equity Index (US stock market), ER 0.0084% (call it 0.01%) International Equity Fund Index Portfolio, ER 0.20% NYSBCB US Debt Index Unitized Account, ER 0.0198% (call it 0.02%) Also out of these 3 funds you listed, is the Equity Index fund similar to a total stock market fund? And I'm not cle...