Search found 23 matches

by Shem002
Sat May 18, 2019 9:04 am
Forum: Personal Investments
Topic: pension vs. 403(b) selection
Replies: 13
Views: 958

Re: pension vs. 403(b) selection

To me the whole point of a pension is stability and not dealing with votality but the thought that legislature can make changes at anytime causes concern. Do other states have these issues? One big issue for Kentucky with the pension I am in right now is funding, they are wanting to increase employ...
by Shem002
Fri May 17, 2019 8:58 pm
Forum: Personal Investments
Topic: pension vs. 403(b) selection
Replies: 13
Views: 958

Re: pension vs. 403(b) selection

To me the whole point of a pension is stability and not dealing with votality but the thought that legislature can make changes at anytime causes concern. Do other states have these issues? One big issue for Kentucky with the pension I am in right now is funding, they are wanting to increase employe...
by Shem002
Fri May 17, 2019 6:48 pm
Forum: Personal Investments
Topic: pension vs. 403(b) selection
Replies: 13
Views: 958

Re: pension vs. 403(b) selection

Today I called about the health insurance benefits and was informed that the benefits are subject to change at anytime by legislature.
by Shem002
Fri May 17, 2019 8:08 am
Forum: Personal Investments
Topic: pension vs. 403(b) selection
Replies: 13
Views: 958

Re: pension vs. 403(b) selection

I like the job, but I am certain over the next 20 years I assume things will be different since so much has changed in the 6.5 years I have been here. The pension is in Kentucky.
by Shem002
Thu May 16, 2019 8:11 pm
Forum: Personal Investments
Topic: pension vs. 403(b) selection
Replies: 13
Views: 958

pension vs. 403(b) selection

Bogleheads, I need your thoughts on the following situation that has surfaced. Background: I am 29 and my employer participates in state retirement program and I have been contributing to a pension that I will call pension A for 6.5 years and am currently vested. Current situation: I have been promo...
by Shem002
Fri Mar 29, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Where/how to keep cash on hand or equivalent?
Replies: 55
Views: 4124

Re: Where/how to keep cash on hand or equivalent?

Gold adds another layer to complexity because it has to be converted to cash. Simply stash the cash throughout the house in fireproof safes.
by Shem002
Fri Mar 08, 2019 10:34 am
Forum: Investing - Theory, News & General
Topic: past performance
Replies: 39
Views: 2030

Re: past performance

Yes I am familiar with that post, the point I am trying to make is Vanguard used past performance in their research to come up with their recommendation. Saying that past performance is futile doesn’t make sense when that is a key factor in why you recommend 20% Anyone who says that they have compl...
by Shem002
Thu Mar 07, 2019 8:48 pm
Forum: Investing - Theory, News & General
Topic: past performance
Replies: 39
Views: 2030

Re: past performance

Taylor, if past performance is futile for total market index funds why would you personally recommend an underweighted 20% international equity allocation and not market weight? Shem002: I explain here: How Much International Stock? A Suggestion. Best wishes Taylor Yes I am familiar with that post,...
by Shem002
Thu Mar 07, 2019 5:02 pm
Forum: Investing - Theory, News & General
Topic: past performance
Replies: 39
Views: 2030

Re: past performance

Thanks Taylor I think we can all agree about active funds. What I am referring to in my initial post is total market index funds. Shem002: Using past performance to predict future performance is futile for both active funds and total market index funds. I sponsor an annual Boglehead Contest to demo...
by Shem002
Thu Mar 07, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: past performance
Replies: 39
Views: 2030

Re: Past Performance -- What Experts ay

Bogleheads: This is what experts say about "Past Performance": American Association of Individual Investors: "Top Performance lists are dangerous." Frank Armstrong, financial author: "Rating services such as Morningstar's 'Star Awards' or the 'Forbes Honor Roll' attest to the futility of applying p...
by Shem002
Tue Mar 05, 2019 4:49 pm
Forum: Investing - Theory, News & General
Topic: past performance
Replies: 39
Views: 2030

past performance

After looking at countless threads on this forum about asset classes and allocation I can't wrap my head around the issue of past performance. Many state on this forum that past performance is no indicator of future performance which I agree to a certain extent but not 100%. When reading through art...
by Shem002
Mon Jan 21, 2019 3:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total International Stock Index Fund
Replies: 11
Views: 1433

Re: Vanguard Total International Stock Index Fund

If VTSAX is an index that mimics the entire US stock market (NYSE & NASDAQ) it seems like that it would include the international companies that trade on those exchanges To understand your question better, can you provide an example of an international company that's trading on U.S. exchanges? Are ...
by Shem002
Mon Jan 21, 2019 12:57 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total International Stock Index Fund
Replies: 11
Views: 1433

Re: Vanguard Total International Stock Index Fund

...can individuals time the market with ETF version (VXUS) since they can see what happened overnight in the Asian markets? Yes, but so can all of the big brokerage houses with research departments, worldwide offices, supercomputers and fat pipes directly to the trading houses. Where is your advant...
by Shem002
Mon Jan 21, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Total International Stock Index Fund
Replies: 11
Views: 1433

Re: Vanguard Total International Stock Index Fund

1. VTIAX is not “traded”, it is a mutual fund. You may be confusing it for VXUS, the ETF (exchange traded fund) version of the same fund. In general the holdings of an ETF have nothing whatsoever to do with the exchange on which the ETF is traded. An ETF is not even limited to holding stocks. An ET...
by Shem002
Mon Jan 21, 2019 11:44 am
Forum: Investing - Theory, News & General
Topic: Vanguard Total International Stock Index Fund
Replies: 11
Views: 1433

Vanguard Total International Stock Index Fund

I am having trouble wrapping my head around this and thought I would try to get some answers. 1. If VTIAX is traded on the NASDAQ, are its holdings traded on US market as well? 2. If #1 is true then Vanguard Total Stock Market Index Fund (VTSAX) includes these international companies already? 3. If ...
by Shem002
Mon Jan 21, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax for 2018
Replies: 9
Views: 1421

Re: TurboTax for 2018

I can't speak for TurboTax but when I accessed H&R Block via the IRS Free Alliance I was informed that a simple state itemizing would remove me from the "free" version. I later asked TaxSlayer and the state itemizing would also cost me and bump by "free" federal as well because of the way their syst...
by Shem002
Sat Jan 19, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Savings Contributions Credit
Replies: 3
Views: 263

Retirement Savings Contributions Credit

If I continued to contribute to 2017 roth ira contributions in calendar year 2018 am I allowed to count those contributions for 2018 Retirement Savings Contributions Credit tax filing or am I only allowed to count 2018 roth ira contributions made in in calendar year 2018? Ex) In February 2018 I cont...
by Shem002
Tue Jan 15, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering Interest?
Replies: 7
Views: 456

Re: Lowering Interest?

First, yes, you would be lowering the amount going to interest and increasing the amount going to principle. Second, step back and look at the big picture. You currently have a negative bond of $110,000 at 3.99 fixed. In your asset allocation, where would 30k have the biggest bang? Equities in tax ...
by Shem002
Tue Jan 15, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering Interest?
Replies: 7
Views: 456

Lowering Interest?

Will contributing a large sum of money to an existing fixed rate mortgage lower the monthly interest and increase monthly principal? Ex) 20 year refinance $110,000 at 3.99 fixed Currently in year 3 with around $105,000 remaining balance Monthly payment: $666 (currently $333 principal / $333 interest...
by Shem002
Wed Nov 07, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Save for future vehicles vs. pay down mortgage
Replies: 11
Views: 595

Re: Save for future vehicles vs. pay down mortgage

The extra money that I have been "throwing" towards mortgage principle is actually just getting transferred automatically to a separate bank account so it's still liquid. I don't see the point of actually transferring it to the mortgage because in the event I need to borrow the money I would then ha...
by Shem002
Wed Nov 07, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Save for future vehicles vs. pay down mortgage
Replies: 11
Views: 595

Re: Save for future vehicles vs. pay down mortgage

Ok thanks everyone. I guess I was overthinking it based on interest rates.
by Shem002
Wed Nov 07, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Save for future vehicles vs. pay down mortgage
Replies: 11
Views: 595

Re: Save for future vehicles vs. pay down mortgage

PFInterest wrote:
Wed Nov 07, 2018 2:07 pm
are those your only options?
retirement accounts, IRAs, vacation?
This is for money outside of retirement funding, I am in my 20's.
Dottie57 wrote:
Wed Nov 07, 2018 2:10 pm
Do all three. It is not an all or nothing decision.
What do you mean by all 3? I only provided 2 options.
by Shem002
Wed Nov 07, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Save for future vehicles vs. pay down mortgage
Replies: 11
Views: 595

Save for future vehicles vs. pay down mortgage

In general, should I transfer money to a "car" savings account each month or throw that money towards the principal of mortgage (fixed 3.99%) and finance future car which I don't plan anytime soon. Mortgage is only debt. Credit Union currently offers 1.8% for new vehicle/48 month term purchases. Not...