Search found 29 matches

by Operon
Thu Aug 09, 2018 2:06 pm
Forum: Personal Investments
Topic: Trying to understand the logistics of a 403b in relation to bonds and selling
Replies: 19
Views: 813

Re: Trying to understand the logistics of a 403b in relation to bonds and selling

I just want to address this part of your post. For MOST people (with various caveats) you should hold bonds in a tax-advantaged account instead of a taxable account. I think you are confusing a Roth with a taxable account. It is fine to hold a bond fund or bonds in a Roth: the growth is not taxable...
by Operon
Thu Jul 26, 2018 10:26 pm
Forum: Personal Consumer Issues
Topic: Suggest an electric car: Volt? Alternative?
Replies: 49
Views: 4720

Re: Suggest an electric car: Volt? Alternative?

I totally love my Prius Prime. I pick cars based on how unexciting they are - good value, reliable, safe - so I wouldn't be surprised if my loving it means that you'd hate it if you're an actual car enthusiast, though. You've also got to be okay with four seats rather than five and less trunk space ...
by Operon
Wed Jul 25, 2018 9:26 am
Forum: Personal Investments
Topic: Steps to transfer IRA to Vanguard
Replies: 15
Views: 1260

Re: Steps to transfer IRA to Vanguard

I should think that she can instruct the advisor to liquidate her investments before you initiate the move. Just because it isn't a self-managed account doesn't mean it isn't her money; any shares she could sell if the account were self-managed, she can still direct her advisor to sell. Looks like S...
by Operon
Tue Jul 24, 2018 6:03 pm
Forum: Personal Consumer Issues
Topic: Daughter wants to travel on her own to Montreal
Replies: 105
Views: 7505

Re: Daughter wants to travel on her own to Montreal

Her parents obviously know her well enough & trust her. Maybe she just wants to be alone and do things alone - for a change. Why is this weird? I echo mouses statement that many people (I am one) prefer doing things alone and this should be considered normal even in her situation. I'm surprised by ...
by Operon
Mon Jul 23, 2018 9:12 pm
Forum: Investing - Theory, News & General
Topic: Book figures?
Replies: 2
Views: 426

Re: Book figures?

Awesome, thanks very much! That pdf especially is super helpful! And I'm not a lawyer either, but your restatement sums it up. I wouldn't want anyone to worry they were ethically compromising themselves by helping me out, so just wanted to make clear that I'm really not looking to sell anything or p...
by Operon
Mon Jul 23, 2018 8:56 pm
Forum: Personal Investments
Topic: newcomer 21yr/o college student
Replies: 16
Views: 1317

Re: newcomer 21yr/o college student

Great on you for saving that much money at your age! Echoing the recommendation that you go with a Roth. I think everything about your situation points towards it: If your only income this year is that $3k plus the interest earned on your savings, barring some absolutely wild through-the-looking-gla...
by Operon
Mon Jul 23, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: Book figures?
Replies: 2
Views: 426

Book figures?

By request, I am going to be endeavoring to explain some investing topics and Boglehead basics to a couple members of my family, and ideally I'd like to put together a presentation with some figures that I think really help to get one's head around these concepts. Just half an hour or so sitting dow...
by Operon
Tue Jul 10, 2018 9:49 pm
Forum: Personal Consumer Issues
Topic: Going solar?
Replies: 73
Views: 6921

Re: Going solar?

I love my solar panels. My only regret is that it wasn't economically feasible to put my system on the back rather than the front of the house... and that there aren't more residential electricity suppliers in my area offering 100% solar so that I can prop up the market for my own renewable energy c...
by Operon
Tue Jun 26, 2018 7:30 pm
Forum: Personal Investments
Topic: Teacher: 403b Asset Allocation?
Replies: 14
Views: 1320

Re: Teacher: 403b Asset Allocation?

Fellow teacher here. That is awesome that you get a match; a rare benefit! I don't blame you for wanting to take full advantage. That being said, these honestly look pretty bad. Too bad even the S&P 500 index fund is class A: 5.75% front-loaded, .59% expense ratio, plus quite possible more than a fu...
by Operon
Fri Jun 08, 2018 10:28 am
Forum: Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4166

Re: Best use for a $2k raise for a middle-income teacher

The ETF (exchange traded fund) of Total Stock Market is the same as the mutual fund version, but the purchase and sale per share is immediate (no waiting for closing prices to get the NAV of a mutual fund at the end of the trading day to determine price of your purchase or sale). And you must purch...
by Operon
Fri Jun 08, 2018 10:25 am
Forum: Personal Investments
Topic: Fidelity MM Fund Q's
Replies: 19
Views: 4534

Re: Fidelity MM Fund Q's

It looks like I'm currently sitting in SPAXX which is showing a 7 day yield of 1.33% or so. I assume it would be okay to move to FZDXX which is showing a 7 day yield of 1.80%? Is FZDXX much more risky than SPAXX? Seems like a decent jump up on yield. SHV is a treasury bond fund so it can lose money...
by Operon
Mon Jun 04, 2018 2:27 pm
Forum: Personal Consumer Issues
Topic: Driving UHaul
Replies: 20
Views: 2487

Re: Driving UHaul

I've driven rented trucks plenty of times, was terrified the first time but seriously, they're not that bad. I never picked up extra insurance, check your own insurance policy first to see if it'll cover most to all of what U-Haul's add-ons would. -Pick up your rental a little early. Since you're no...
by Operon
Mon Jun 04, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Career Move: Please convince me why I should not work in tech
Replies: 74
Views: 9399

Re: Career Move: Please convince me why I should not work in tech

Since it doesn't seem to be a matter of having enough to live on vs. not, the questions I'd be asking myself in your position are, where will you feel happy and fulfilled? Which work will you find meaning in doing? Which work will you look back on at the end and be proud of the footprint you've left...
by Operon
Mon Jun 04, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 15534

Re: Best Advice You Never Took

"Wear your retainer every night." ;-)
by Operon
Mon Jun 04, 2018 8:50 am
Forum: Personal Consumer Issues
Topic: Need advice on 1st international vacation
Replies: 106
Views: 7794

Re: Need advice on 1st international vacation

Menus and signage will not be in English in Italy, France, or Japan, but you will find many English speakers who can help you. (It would be good courtesy to learn at least some phrases in their language, of course). Most signage and most menus in tourist-frequented establishments in South Africa are...
by Operon
Fri Jun 01, 2018 7:03 pm
Forum: Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4166

Re: Best use for a $2k raise for a middle-income teacher

Other savings : ~$24k. $10k in 1.6% online savings account; $800 in CDs and $1000 in treasury bills that will mature within the next year and will be rolled into online savings and MM instead; and $12k in taxable brokerage at Vanguard: $6k in Prime MM, $3k in tax-exempt intermediate term bonds (VWI...
by Operon
Fri Jun 01, 2018 4:00 pm
Forum: Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4166

Re: Best use for a $2k raise for a middle-income teacher

I'm leaving KY in a few days precisely over pension plan issues. Got to hope there will be one in the future no doubt! Sadly for KY, that is indeed often the outcome of uncertainty around retirement benefits. A lot of smart public servants decide to go help the public in other states. Good luck to ...
by Operon
Fri Jun 01, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc)
Replies: 266
Views: 20531

Re: Do average kids from upper middle class families get any free college money (Scholarships / non-repayable grants etc

Have them search online for scholarships that involve writing essays. I can't tell you how many times I hear my students talk about skipping those, how many times I point out "that means those are the scholarships where you have much less competition!" to little effect. Except for the one kid who do...
by Operon
Fri Jun 01, 2018 8:50 am
Forum: Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4166

Re: Best use for a $2k raise for a middle-income teacher

I'm leaving KY in a few days precisely over pension plan issues. Got to hope there will be one in the future no doubt! Sadly for KY, that is indeed often the outcome of uncertainty around retirement benefits. A lot of smart public servants decide to go help the public in other states. Good luck to ...
by Operon
Fri Jun 01, 2018 5:20 am
Forum: Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4166

Re: Best use for a $2k raise for a middle-income teacher

I'm leaving KY in a few days precisely over pension plan issues. Got to hope there will be one in the future no doubt! Sadly for KY, that is indeed often the outcome of uncertainty around retirement benefits. A lot of smart public servants decide to go help the public in other states. Good luck to ...
by Operon
Fri Jun 01, 2018 5:14 am
Forum: Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4166

Re: Best use for a $2k raise for a middle-income teacher

Thanks for your very detailed response! I'm going to suggest an alternative for the $2k, which is don't rebalance (stay aggressive), and pay off your mortgage. You can pay off those last 2 payments right away and retire without a mortgage! But it gets even better, an additional mortgage payment toda...
by Operon
Tue May 29, 2018 9:29 pm
Forum: Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4166

Re: Best use for a $2k raise for a middle-income teacher

I would put at least some in the 457. I would not count on the pension benefits being what they are now. My mother was also a teacher so I have seen benefits slowly whittled away for a very long time. While I will still be grateful for what I will get (Ohio STRS, no SS) I expect more changes before...
by Operon
Tue May 29, 2018 9:09 pm
Forum: Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4166

Re: Best use for a $2k raise for a middle-income teacher

...I have difficulty gauging what the total size of my portfolio will need to be for that, online calculators generally don't appear to be built for this scenario. Consequently, I have difficulty gauging whether my portfolio is on-track or is over- or under-funded. Try the Flexible Retirement Plann...
by Operon
Tue May 29, 2018 9:06 pm
Forum: Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4166

Re: Best use for a $2k raise for a middle-income teacher

Welcome to the forum. If inflation is 3% per year for next 24 years then $5000 today will be equivalent to $10000 which is what you desire from your retirement savings for travel. For getting 10K/yr in 24 yrs you will need 250K in retirement accounts (4% withdrawal rate). With an additional 100 K y...
by Operon
Tue May 29, 2018 8:57 pm
Forum: Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4166

Re: Best use for a $2k raise for a middle-income teacher

I am going to suggest something that may be against bogleheads philosophy. For the first year, spend the $2,000 on something that you want but feel wasteful to spend it on. Life is short. You have a good pension and health care for the gap years. After the first year, invest the money in 457. +1. I...
by Operon
Tue May 29, 2018 8:51 pm
Forum: Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4166

Re: Best use for a $2k raise for a middle-income teacher

Operon, welcome to the forum! I think you are doing a great job of saving for your retirement. The 5.5k Roth IRA and the 11% contributed to your pension must put you at a retirement savings rate of about 20%? I agree that the MA state 457 plan is excellent, and that’s where I would put the 2k raise...
by Operon
Tue May 29, 2018 8:03 pm
Forum: Personal Investments
Topic: Fidelity MM Fund Q's
Replies: 19
Views: 4534

Re: Fidelity MM Fund Q's

It looks like I'm currently sitting in SPAXX which is showing a 7 day yield of 1.33% or so. I assume it would be okay to move to FZDXX which is showing a 7 day yield of 1.80%? Is FZDXX much more risky than SPAXX? Seems like a decent jump up on yield. SHV is a treasury bond fund so it can lose money...
by Operon
Tue May 29, 2018 5:17 pm
Forum: Personal Investments
Topic: Fidelity MM Fund Q's
Replies: 19
Views: 4534

Re: Fidelity MM Fund Q's

As other posters mentioned, the SP*** funds have a lower investment minimum and higher cost (ER .42%) than the FD*** funds (.3/.32% net ER for $100,000 minimum), and slight edge to government money markets on safety in exchange for slightly lower yield than the prime money markets. Personally, I fee...
by Operon
Tue May 29, 2018 2:03 pm
Forum: Personal Investments
Topic: Best use for a $2k raise for a middle-income teacher
Replies: 35
Views: 4166

Best use for a $2k raise for a middle-income teacher

Hey Bogleheads. Firstly, thanks for existing. I devoured the contents of bogleheads.org the minute I graduated from college, and I give the BH community a lot of credit for many of my decisions that have worked out well for me. Despite my income a few standard deviations lower than the discussion bo...