Search found 81 matches

by earlywynnfan
Fri Feb 07, 2020 2:05 pm
Forum: Personal Consumer Issues
Topic: Cars for kids upon college graduation
Replies: 48
Views: 2860

Re: Cars for kids upon college graduation

Have 10th and 11th graders. Both are/will be taking college prep programs at different HS 20-30 min away, plus both are taking classes at local colleges. We have bought both late model used Hondas. We don't want them breaking down, we want recent safety features. The goal is for them to be able to u...
by earlywynnfan
Thu Feb 06, 2020 12:39 pm
Forum: Personal Investments
Topic: Investing Newbie
Replies: 23
Views: 918

Re: Investing Newbie

What he's referring to is Jack Bogle's 3-fund portfolio, easily found on the wiki page (or anywhere on google.) If you believe in this investing strategy, which pretty much everybody on here does, you want to invest in low-cost index funds, and Vanguard, Fidelity, and Schwab are the most common plac...
by earlywynnfan
Thu Feb 06, 2020 10:31 am
Forum: Personal Investments
Topic: Is NYC 457 Roth the best option for my portfolio?
Replies: 7
Views: 409

Re: Is NYC 457 Roth the best option for my portfolio?

I'm willing to bet No. Who is the provider, and what are the fees? In my district, AXA and Valic are the scourge of my life.
by earlywynnfan
Wed Jan 29, 2020 2:01 pm
Forum: Personal Investments
Topic: AXA Advisor - VUL and Term Insurance
Replies: 36
Views: 1316

Re: AXA Advisor - VUL and Term Insurance

OP, how about checking out the numbers this way: Ask him how much he feels you need in insurance. Ask him how much you'd need to put in on a monthly/yearly basis. Have him show what this will do for you. Price TERM life insurance for the same coverage. Invest the difference in a smart index fund of ...
by earlywynnfan
Mon Jan 27, 2020 12:50 pm
Forum: Personal Investments
Topic: Which of these is best for 403B?
Replies: 7
Views: 498

Re: Which of these is best for 403B?

Goodness Gracious, I thought my plan had a lot of annuity-pushers!!

I called every single one of mine to find anything worthwhile. If you choose to do that, my suggestion would be to set aside any that have "annuity" or "insurance" in the title.
by earlywynnfan
Sun Jan 26, 2020 10:25 am
Forum: Personal Investments
Topic: Investment Planning
Replies: 9
Views: 810

Re: Investment Planning

I am very sorry, maybe I'm cranky this morning, but I cannot get past this: Your wife took loans so she could get a degree leading to a (seemingly) great job where she, along with her husband, has the ability to not only put money away for retirement, but actually save $10K per month? And you're hop...
by earlywynnfan
Sat Dec 14, 2019 9:51 am
Forum: Personal Investments
Topic: Strategy for 2020
Replies: 6
Views: 915

Re: Strategy for 2020

I'm 50 with a decent pension waiting for me, also. I'm a huge fan of Vanguard's Lifestrategy funds. Keeps me aggressive enough the rest of the way and the auto-rebalancing is well worth the slightly extra ER to me.
by earlywynnfan
Thu Dec 12, 2019 12:50 pm
Forum: Personal Investments
Topic: Does it matter if I add to a taxable brokerage account in December or January?
Replies: 17
Views: 882

Re: Does it matter if I add to a taxable brokerage account in December or January?

If you buy a mutual fund in December in a taxable account there is a risk that you will "buy a dividend" and that dividend will be taxable income. Example, you buy 1 share of ABC on December 15 for $50 and it pays a $5 dividend on December 20. The $5 dividend is taxable income whether you have it r...
by earlywynnfan
Mon Dec 09, 2019 1:04 pm
Forum: Personal Investments
Topic: Please critique my strategy for new contributions allocation
Replies: 7
Views: 557

Re: Please critique my strategy for new contributions allocation

If you want an AA to stay at 80/20, I don't think you want the Target Date fund, it slowly changes. You probably want the Lifestrategy Growth fund, it stays at 80/20 forever.
by earlywynnfan
Sun Nov 03, 2019 12:49 pm
Forum: Personal Investments
Topic: Principal fees ridiculous!
Replies: 32
Views: 3341

Re: Principal fees ridiculous!

Right, but per OP, her account will turn into an annuity when she retires. I do not believe the original poster is reading that correctly. I don't think we've ever heard of a 403b plan that cannot be rolled into an IRA. Probably. Maybe it's rolled into a pension-like annuity if people don't know wh...
by earlywynnfan
Sun Nov 03, 2019 10:39 am
Forum: Personal Investments
Topic: Principal fees ridiculous!
Replies: 32
Views: 3341

Re: Principal fees ridiculous!

Isn't "turning it into an annuity stream" basically a pension?? Not sure how that's a bad thing. Sounds like a SPIA. An annuity stream is not a bad thing per se. The problem is that many/most annuities have high expenses all those years before you get to the income stream. A SPIA generally does not...
by earlywynnfan
Sun Nov 03, 2019 9:10 am
Forum: Personal Investments
Topic: Principal fees ridiculous!
Replies: 32
Views: 3341

Re: Principal fees ridiculous!

Isn't "turning it into an annuity stream" basically a pension?? Not sure how that's a bad thing. Sounds like a SPIA.
by earlywynnfan
Sun Nov 03, 2019 9:02 am
Forum: Personal Investments
Topic: Using 403(b) or 457(b)
Replies: 13
Views: 964

Re: Using 403(b) or 457(b)

Do you have a deferred comp via the 457? We do in OH. very low fees. All my 403B providers are expensive, and I called every single one.
by earlywynnfan
Sat Nov 02, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: how does Personal Umbrella Insurance work?
Replies: 28
Views: 2867

Re: how does Personal Umbrella Insurance work?

Just paying my umbrella policy today. I inquired about upping from $1m to $3m, for my it would increase the price from $310/yr to $589/yr.
by earlywynnfan
Sat Nov 02, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: WWYD w/ house dwnpmt, 10 yr window
Replies: 3
Views: 580

Re: WWYD w/ house dwnpmt, 10 yr window

Thanks to both of you. Watty, this is exactly where I was thinking of putting the money. Should I reinvest the dividends? As for the combining pots, that's what I had been doing, but two car purchases out of the account was a mental blow, even though my logic told me what was happening. So separatin...
by earlywynnfan
Fri Nov 01, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: WWYD w/ house dwnpmt, 10 yr window
Replies: 3
Views: 580

WWYD w/ house dwnpmt, 10 yr window

Just throwing this out there for opinions. Long story short, have an extra taxable account set aside for future purchase of retirement 2nd home. I'm good on retirement investing, have a nice emergency fund, zero debt, etc. Have started putting money into the Retirement Home bucket, with plans on pur...
by earlywynnfan
Thu Oct 17, 2019 1:42 pm
Forum: Personal Investments
Topic: 401a, 403b and 457b
Replies: 30
Views: 1876

Re: 401a, 403b and 457b

you also might want to see if CA falls under the windfall provision. In OH, public workers with pensions have SS reduced greatly. Hate to see you bank on that and find out you don't get it all.

Ken
by earlywynnfan
Wed Oct 16, 2019 10:09 pm
Forum: Personal Investments
Topic: 401a, 403b and 457b
Replies: 30
Views: 1876

Re: 401a, 403b and 457b

I'm pretty positive that you cannot enroll in the 401A account. She is in PERS. The 401A appears to be set up for clerical, custodial, part-timers, etc who aren't eligible for PERS.
by earlywynnfan
Wed Oct 16, 2019 2:38 pm
Forum: Personal Investments
Topic: SC teacher retirement help
Replies: 14
Views: 1569

Re: SC teacher retirement help

Not sure if I'll be of help, here's my experience as an OH teacher: OH deferred comp seems to match yours, very low fees, and a couple choices in each category. I use the Institutional index, mine has a better bond fund than you seem to have. There's always the Target Date funds. I had to initiate i...
by earlywynnfan
Wed Oct 16, 2019 12:54 pm
Forum: Personal Investments
Topic: 401a, 403b and 457b
Replies: 30
Views: 1876

Re: 401a, 403b and 457b

is the 401A voluntary? It looks like it's automatic.

If your 403B options aren't awful, fine. Mine are atrocious, so I go high on my 457B (Ohio Deferred Comp, I'm lucky to have a primo option) and then go to my IRA.

Ken
by earlywynnfan
Thu Sep 26, 2019 1:34 pm
Forum: Personal Consumer Issues
Topic: eBay Doesn't match Description or Photos or Missing Parts
Replies: 52
Views: 2830

Re: eBay Doesn't match Description or Photos or Missing Parts

Regular ebay seller here, several thousand transactions per year. Once a year I'll switch an order or leave something out; I'm human. I will note that some sellers on ebay are scammers, but they are usually easy to spot. But I believe there are many many sellers who are quality people, and I've made...
by earlywynnfan
Mon Sep 23, 2019 1:37 pm
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 10214

Re: Physical activity suggestions for a non athletic youth

I would also like to recommend walking. When I was a teen I started walking the neighborhood after my job ended. Walked and listened to headphones. I love music and this was a great way to unwind. 30 years later walking is a daily routine for me and my wife. It's the easiest small step to something ...
by earlywynnfan
Tue Apr 30, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Earned income for 9 year old
Replies: 52
Views: 3693

Re: Earned income for 9 year old

If you look at financial return in a vacuum a Roth is great. But if you look at the hassle of funding it for a minor who is too young to get a real job and the realistically tiny amounts you can put in it, the shine dissipates. Really? I'm planning on about 5 years of about $500 per. Put into a CIC...
by earlywynnfan
Tue Apr 30, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Earned income for 9 year old
Replies: 52
Views: 3693

Re: Earned income for 9 year old

I really don't know why we are getting so many of these posts lately about "inventing" earned income for Roth IRA contributions for younger and younger children. When it is far easier to fund a UTMA and build significant balances with tax-free tax gain harvesting. ...Roths are more widely known abo...
by earlywynnfan
Mon Apr 29, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Earned income for 9 year old
Replies: 52
Views: 3693

Re: Earned income for 9 year old

I'm one of those OP's who asked a Q like this. My wife and I have a small business so we use our children for odd jobs. We don't pay taxes because they are paid under $600 per year and are independent contractors. We keep a logbook for what they do. We then opened a Roth for each. They won't get ric...
by earlywynnfan
Thu Apr 04, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 7558

Re: Boglehead teachers or those married to one: some questions about career and life...

Well, look at that, I learned something today! OP, teacher here but have nothing really to add to the conversation. I'm well-compensated in a fairly LCOL area. I feel "trapped" by the fact that I will suffer quite the monetary loss if I were to try to move or change jobs, but I'm in my home distric...
by earlywynnfan
Thu Apr 04, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 7558

Re: Boglehead teachers or those married to one: some questions about career and life...

Well, look at that, I learned something today! OP, teacher here but have nothing really to add to the conversation. I'm well-compensated in a fairly LCOL area. I feel "trapped" by the fact that I will suffer quite the monetary loss if I were to try to move or change jobs, but I'm in my home district...
by earlywynnfan
Fri Mar 15, 2019 10:16 am
Forum: Personal Consumer Issues
Topic: Things to do in Maine
Replies: 72
Views: 7201

Re: Things to do in Maine

We stayed a week in Boothbay last year and loved it. The whale watch tour was incredible, although I guess we got lucky because we had 3 whales that hung around our boat for a while. I know everyone loves the lobster, but if you're like me and don't, Betts Fish makes me drool a year later. Biggest f...
by earlywynnfan
Thu Mar 14, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 8907

Re: Bright daughter wants to work for nonprofit

Not to beat a dead horse, but if my daughter chose happiness in her career over chasing dollars, I'd feel like a very successful father!
(Assuming, of course, that she could pay her own way.)
by earlywynnfan
Sun Mar 10, 2019 10:26 am
Forum: Personal Investments
Topic: Leaving Roth to children?
Replies: 16
Views: 2088

Re: Leaving Roth to childREN?

Thanks!
by earlywynnfan
Sun Mar 10, 2019 10:02 am
Forum: Personal Investments
Topic: Leaving Roth to children?
Replies: 16
Views: 2088

Re: Leaving Roth to childREN?

Here is my question: since we have two kids, should we open two Roth accounts? It seems to me this would be much simpler for my estate, one kid gets each and neither has to be in charge. You and your spouse can each have Roth accounts, probably with spouse as primary beneficiary and kids as conting...
by earlywynnfan
Sun Mar 10, 2019 8:53 am
Forum: Personal Investments
Topic: Leaving Roth to children?
Replies: 16
Views: 2088

Leaving Roth to children?

I'm not finding this discussed anywhere. As I understand it, one of the benefits of Roth vs. Trad. is that a Roth can be left to my children as a Roth IRA. My assumption is that if my spouse and I pass our tIRA's will have to be liquidated and split between the two kids. Here is my question: since w...
by earlywynnfan
Fri Mar 08, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: I need to ethically reneg on a large eBay purchase
Replies: 39
Views: 5341

Re: I need to ethically reneg on a large eBay purchase

Forgive me, but as an ebay seller, I'm curious as to the "ethical" part of the reneg?
by earlywynnfan
Thu Mar 07, 2019 10:48 am
Forum: Personal Investments
Topic: Most NON obvious thing for new investors
Replies: 58
Views: 8258

Re: Most NON obvious thing for new investors

What is not obvious to most investors is how much fees reduce your future worth decades down the road. https://www.nerdwallet.com/blog/investing/millennial-retirement-fees-one-percent-half-million-savings-impact/ https://www.pbs.org/wgbh/frontline/article/the-retirement-gamble-facing-us-all/ Assume...
by earlywynnfan
Thu Mar 07, 2019 10:43 am
Forum: Personal Investments
Topic: New investment in fidelity
Replies: 13
Views: 1782

Re: New investment in fidelity

If you want to keep it super-simple but only make one pick, I'd suggest a Target Retirement Date fund. It will give you bond coverage and some other exposure. As I tell my friends, after 30 years you may be a few dollars short compared to someone who religiously follows a 3- or 5-fund portfolio, but...
by earlywynnfan
Wed Mar 06, 2019 2:47 pm
Forum: Personal Consumer Issues
Topic: Winning the robo spam wars
Replies: 35
Views: 2136

Re: Winning the robo spam wars

I miss the days when it was a real scammer calling, not a robot. I'd chat a while, making my voice softer and softer, then I'd blow a whistle into the phone. My kids loved it. I had one guy call back and start yelling at me, so I did it again. His boss called back and started swearing at me, so I ga...
by earlywynnfan
Sun Mar 03, 2019 10:12 am
Forum: Personal Investments
Topic: Roth IRA for a child
Replies: 46
Views: 2601

Re: Roth IRA for a child

You can hire your children or grandchildren to do odd jobs, but you must pay them a fair wage, not an exorbitant one. The money you pay them can be contributed to a Roth IRA. How will this work when it comes time to file taxes? If the child makes enough to have a filing requirement, then the child ...
by earlywynnfan
Fri Feb 22, 2019 10:57 am
Forum: Personal Investments
Topic: Beware of the Edward Jones neighborly visit.
Replies: 89
Views: 9856

Re: Beware of the Edward Jones neighborly visit.

I'd be knocking on his door telling him to stay away from my mother's house!!
by earlywynnfan
Wed Feb 20, 2019 11:04 am
Forum: Personal Investments
Topic: Portfolio help for 2 teacher family in Ohio
Replies: 26
Views: 1808

Re: Portfolio help for 2 teacher family in Ohio

Interestingly, this just came up yesterday in a discussing with the only colleague I have who cares about this stuff (and she's an English teacher, to boot!) She had signed up for a 403B account forever ago, and in a conversation with the provider a few years ago she mentioned she hated paying the m...
by earlywynnfan
Wed Feb 20, 2019 7:40 am
Forum: Personal Investments
Topic: Portfolio help for 2 teacher family in Ohio
Replies: 26
Views: 1808

Re: Portfolio help for 2 teacher family in Ohio

Determined wrote:
Tue Feb 19, 2019 9:58 pm
Just to clarify for those of you outside Ohio, full retirement is 30 years AND age 60. If I retire at 30 years, I am eligible for 39% of my FAS (about $32,000 for me). It's a more recent change.
Talked to STRS two weeks ago, it's 35/65 for full OH retirement, anything less is still pro-rated.
by earlywynnfan
Tue Feb 19, 2019 11:12 am
Forum: Personal Investments
Topic: Portfolio help for 2 teacher family in Ohio
Replies: 26
Views: 1808

Re: Portfolio help for 2 teacher family in Ohio

OH teacher here, you're way ahead of where I was! Do you have access to Ohio Deferred Comp as a 457 choice? if so, I'd stop funding the 403B and go with it, they have great choices at incredibly low fees with gov't backing. I'm in 4 Vanguard index funds: an S&P 500 mirror, a Total International Fund...
by earlywynnfan
Sun Feb 17, 2019 12:04 am
Forum: Personal Investments
Topic: 403(b) or 457(b) and Roth/Non-Roth for Teacher?
Replies: 7
Views: 518

Re: 403(b) or 457(b) and Roth/Non-Roth for Teacher?

If she could get something better in the 403B/457 than Valic, if there's something that would match what could be found at Fidelity or Vanguard, wouldn't it be better to use that instead of an IRA? Less tax base, less state taxes? OP: I know the list of providers I was given for my school district (...
by earlywynnfan
Sun Feb 10, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: 2 years in community college, then transfer? need opinion please
Replies: 118
Views: 6567

Re: 2 years in community college, then transfer? need opinion please

This has been a very informative thread for me, as my sophomore is planning on a CC/transfer path just like in the OP. For others in this boat, one thing not mentioned previously: I took some CC classes back in the day while I was sorting out life, then got serious and attended a very tiny college. ...
by earlywynnfan
Sat Feb 02, 2019 9:48 pm
Forum: Personal Investments
Topic: Making a 3.8 million deposit
Replies: 96
Views: 11403

Re: Making a 3.8 million deposit

Just to make sure, this isn't the option you chose, is it??
https://www.msn.com/en-us/sports/nfl/re ... li=BBnba9I
by earlywynnfan
Thu Jan 31, 2019 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: When taking Social Security @62 could be wise
Replies: 191
Views: 15163

Re: When taking Social Security @62 could be wise

Has anyone here used that method of taking SS at 62, investing it, returning what was paid at age 70, then re-applying for SS at the higher rate, keeping the interest/earnings? That intrigues me. That option was terminated some years ago... Guess I was reading an old edition. Bummer! Thanks
by earlywynnfan
Wed Jan 30, 2019 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: When taking Social Security @62 could be wise
Replies: 191
Views: 15163

Re: When taking Social Security @62 could be wise

Has anyone here used that method of taking SS at 62, investing it, returning what was paid at age 70, then re-applying for SS at the higher rate, keeping the interest/earnings? That intrigues me.
by earlywynnfan
Wed Jan 30, 2019 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Online savings account
Replies: 30
Views: 2851

Re: Online savings account

Have had some money in CitizensAccess for a few months and have been quite happy. Only used customer service once and they were pleasant and helpful, it's mostly just me moving money back and forth between my CA account and my checking at a brick and mortar bank. They're at 2.35% now, too.
by earlywynnfan
Thu Dec 20, 2018 2:37 pm
Forum: Personal Consumer Issues
Topic: Basement minimum height requirement -- can I ignore until house sale?
Replies: 34
Views: 2807

Re: Basement minimum height requirement -- can I ignore until house sale?

PVW wrote:
Thu Dec 20, 2018 2:07 pm
Would your basement remodel require a permit and inspection? If so, then you are asking Bogleheads how to skirt your local building codes. The only suitable advice on this board is don't do it.
Not sure about the OP's case, but my inspection passed with no problems