Search found 445 matches

by jjustice
Fri Nov 03, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Should I max out 403(b) on last check?
Replies: 9
Views: 847

Re: Should I max out 403(b) on last check?

Teague wrote:
Fri Nov 03, 2017 9:51 am
Should I stick $9k in these tax-deferred accounts from my final check, or my usual $2-4K?
Neither. Put it all in your taxable account or spend it on something for your family. Congratulations on a secure retirement!

John
by jjustice
Fri Nov 03, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: CREF VarAnty funds vs TIAA Access TIAA-CREF Mutual Funds
Replies: 12
Views: 772

Re: CREF VarAnty funds vs TIAA Access TIAA-CREF Mutual Funds

If they need to annuitize in year 2057, they can transfer dollars into CREF Stock at that time, with zero disadvantages. Yes, in theory. I often hear and read this, but I have never heard or read of anyone who actually funded a CREF annuity with money he or she had saved up in equity mutual funds. ...
by jjustice
Fri Nov 03, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: CREF VarAnty funds vs TIAA Access TIAA-CREF Mutual Funds
Replies: 12
Views: 772

Re: CREF VarAnty funds vs TIAA Access TIAA-CREF Mutual Funds

Your son's partner has access to two of TIAA's best annuity accounts on the same conditions as everyone else: TIAA Traditional and TIAA Real Estate. It is at times like these, with both stocks and bonds high, that TIAA Traditional is at its best. I am very happy to have a significant portion of my o...
by jjustice
Sat Oct 28, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Allocation Question
Replies: 13
Views: 918

Re: TIAA Allocation Question

I yearn for the simple days of signing up for 70%Cref/30% TIAA! So go for it! You are fortunate to have the R3 class CREF annuity accounts. It sounds like a 60/40 allocation to CREF Stock and Traditional might suit you. You (and I) like TIAA Real Estate also, so you might do 50% CREF Stock, 35% Tra...
by jjustice
Fri Oct 27, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: How Well Do You Know About Retirement Income?
Replies: 40
Views: 4540

Re: How Well Do You Know About Retirement Income?

I got 36/38 and missed the same two questions that jhfenton missed. We may have given the same wrong answers. Twins separated at birth?

John
by jjustice
Wed Oct 25, 2017 6:34 pm
Forum: Investing - Theory, News & General
Topic: TIAA traditional -- How did they do that and What's the catch?
Replies: 31
Views: 2592

Re: TIAA traditional -- How did they do that and What's the catch?

It's for profit: "In 1997, Congress revoked the company’s nonprofit status as part of a tax reform bill, saying the status gave TIAA an unfair advantage over other companies. This meant TIAA’s costs would rise significantly because it would have to pay taxes." from https://www.nytimes.com/2017/10/2...
by jjustice
Wed Oct 25, 2017 11:58 am
Forum: Investing - Theory, News & General
Topic: TIAA traditional -- How did they do that and What's the catch?
Replies: 31
Views: 2592

Re: TIAA traditional -- How did they do that and What's the catch?

I also read the morning star link. The reason I asked this question is because the morningstar forum post about TIAA lawsuit, I only realized TIAA is a for-profit organization yesterday. And that spooked me a little. You need to go back and reread our discussion at Morningstar's TIAA forum. I asked...
by jjustice
Fri Oct 20, 2017 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Questions
Replies: 13
Views: 970

Re: TIAA Questions

ResearchMed gave you good information about the Equity Index Accounts (not called funds). I just want to add that, although the variable annuity accounts can be handled just like mutual funds, their great advantage is that when you retire, if you so choose, you can turn them into lifetime annuities....
by jjustice
Wed Oct 18, 2017 1:31 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe:Better To Face The Correction
Replies: 51
Views: 6602

Re: Larry Swedroe:Better To Face The Correction

Noted author Peter Bernstein provided this insight: “In the end, what matters is the quality of our decisions in the face of uncertainty.” I agree with Bernstein. If the decision is full speed ahead with CAPE at 31, I doubt the quality of the decision. Our uncertainty about the dates of corrections ...
by jjustice
Wed Sep 20, 2017 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Applying Online for Age 70 Benefit - Avoiding Retroactive Payments
Replies: 5
Views: 972

Re: Social Security - Applying Online for Age 70 Benefit - Avoiding Retroactive Payments

I applied online for benefits starting at age 70. I had no trouble. It went smoothly. They aren't going to sneak retroactive payments past you.
John
by jjustice
Mon Sep 18, 2017 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax Credit Freeze 100% online
Replies: 35
Views: 5345

Re: Equifax Credit Freeze 100% online

The only hiccup was that at Equifax when I did my wife's and my son's they generate a PIN and show you a page with the PIN on it. When i did mine, i got a message saying i had to mail in my information. I figured i would try again a little later. When i did that I was only given the option to tempo...
by jjustice
Thu Jun 29, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity (GSRA) and Bond Fund
Replies: 12
Views: 1155

Re: TIAA Traditional Annuity (GSRA) and Bond Fund

Is TTA TIAA Traditional Annuity? If so, yes, most of my Traditional is in the higher paying RA. I think that many people are unnecessarily spooked by the illiquidity issue. I keep as much as I think, based on experience, I may want to use for rebalancing in a good (bad?) equity bear market in my SRA...
by jjustice
Fri May 05, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional reaction to inflation/deflation
Replies: 6
Views: 729

Re: TIAA Traditional reaction to inflation/deflation

You ask what type of bond Traditional would "act more as." The answer is probably neither. Traditional does not have an asset value that fluctuates with interest rates. Here is what TIAA says in its white paper on Traditional: "TIAA Traditional Annuity returns historically have had little or no corr...
by jjustice
Thu May 04, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs CREF Equity Index
Replies: 61
Views: 4250

Re: TIAA Real Estate vs CREF Equity Index

According to their government filing, on 3/31/2017 they had 14.6% leverage.

John
by jjustice
Thu May 04, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Cref Stock vs Cref Equity Index
Replies: 8
Views: 626

Re: Cref Stock vs Cref Equity Index

With your proportions of the two accounts you have a 83.5%/16.5% domestic/foreign allocation. If that is the allocation you want, you're good. If you want 30% foreign, go all CREF Stock. If you want 100% domestic, use only Equity Index. CREF Stock is pretty much a closet index fund, with a few basis...
by jjustice
Thu May 04, 2017 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs CREF Equity Index
Replies: 61
Views: 4250

Re: TIAA Real Estate vs CREF Equity Index

The real estate annuity account does use leverage. From the prospectus: "The Account is authorized to borrow money and assume or obtain a mortgage on a property — i.e., make leveraged real estate investments. Under the Account’s current investment guidelines, management intends to maintain the Accou...
by jjustice
Tue May 02, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs CREF Equity Index
Replies: 61
Views: 4250

Re: TIAA Real Estate vs CREF Equity Index

Most, if not all, of the TIAA annuity accounts have just lowered their ERs. For example, CREF Stock R2 is .43%, down from .49%. Makes me happy!
John
by jjustice
Mon May 01, 2017 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs CREF Equity Index
Replies: 61
Views: 4250

Re: TIAA Real Estate vs CREF Equity Index

If you want to increase your equities, I wouldn't go with either Real Estate or the Equity Index. Having those two TIAA annuity accounts, you must have access to CREF Stock R1 as well. It has a 30% portion in foreign stock. That's where I would invest if I wanted more equity. Another possibility: if...
by jjustice
Fri Feb 24, 2017 2:50 pm
Forum: Investing - Theory, News & General
Topic: Market Run Ups - Now vs. Then
Replies: 88
Views: 7703

Re: Market Run Ups - Now vs. Then

It seems the same to me: frogs "staying the course" while coming up with reasons why the water hasn't really gotten that hot yet. Besides if it were to get too hot, you wouldn't know when to jump back in. So sit still and be boiled.

John
by jjustice
Fri Feb 24, 2017 11:00 am
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 307
Views: 24912

Re: Extreme Valuations, and why you should reconsider

The preacher said that there is a time for everything under the sun. I think that CAPE nearing 30 is a time for market timing. After all, it is not losses that are being locked in. It is the harvesting of bountiful gains before the crop spoils in the field.

John
by jjustice
Thu Feb 23, 2017 11:09 am
Forum: Investing - Theory, News & General
Topic: Extreme Valuations, and why you should reconsider
Replies: 307
Views: 24912

Re: Extreme Valuations, and why you should reconsider

To me the "Stay the course" mantra is suitable for calming fears in low markets. It is less well used to reassure the greedy in high markets. You stay the course when things are bad, and there is reasonable expectation of things becoming better. I have my doubts about staying the course wh...
by jjustice
Thu Jan 19, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: When to annuitize?
Replies: 36
Views: 4688

Re: When to annuitize?

I'm not sure what you are confused about, Whomever. There are two things to recognize. First, the payout for an annuitant who has invested over a career is determined by the rates of the various vintages to which he or she has contributed. Second, current rates have an effect. They affect the rates ...
by jjustice
Wed Jan 18, 2017 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: When to annuitize?
Replies: 36
Views: 4688

Re: When to annuitize?

Just saw TomP10's reply: "If you move everything to an annuity today, and then two years from now interest rates are significantly higher, you will regret the move" Is that true for TIAA Trad? My understanding is that it isn't, i.e. if two people have equal current Trad balances today, an...
by jjustice
Wed Oct 19, 2016 9:20 am
Forum: Investing - Help with Personal Investments
Topic: TIAA traditional: annuity vs. RMD
Replies: 7
Views: 1083

Re: TIAA traditional: annuity vs. RMD

You say that leaving an estate is not a consideration and that you have a wife 8 years younger than you. To me, this is an ideal situation for a two-life annuity. The annuity will provide a reliable income for both of you for life. It also sounds like there is no need for a guarantee period. You can...
by jjustice
Tue Oct 18, 2016 9:17 am
Forum: Personal Finance (Not Investing)
Topic: SS COLA for 2017 will be 0.3% [Cost of Living Adjustment]
Replies: 34
Views: 3672

Re: SS COLA for 2017 will be 0.4%

So why is the social security administration announcing 0.3%? [OT comment removed by admin LadyGeek] Or did pshonore get the CPI-W numbers wrong? Inquiring minds want to know.

John
by jjustice
Tue Oct 18, 2016 8:48 am
Forum: Personal Finance (Not Investing)
Topic: SS COLA for 2017 will be 0.3% [Cost of Living Adjustment]
Replies: 34
Views: 3672

Re: SS COLA for 2017 will be 0.4%

News organizations are saying 0.3%. Perhaps pshonore did calculate from last year's CPI-W?

John
by jjustice
Sun Oct 02, 2016 11:38 am
Forum: Personal Consumer Issues
Topic: Where/how do Bogleheads get their tires inflated?
Replies: 97
Views: 7898

Re: Where/how do Bogleheads get their tires inflated?

Schwinn Floor Pump (bicycle pump) $21.95 at Amazon. Very easy and has all the valve attachments that you could ever need. My daughter gave it to me for Christmas one year--great gift.

John
by jjustice
Fri Sep 23, 2016 1:01 pm
Forum: Investing - Theory, News & General
Topic: TIAA traditional and real estate
Replies: 17
Views: 1848

Re: TIAA traditional and real estate

Just about everything that you might want to know about TIAA Traditional is covered in this White Paper.

https://www.tiaa.org/public/pdf/compliance/tiaa-traditional-white-paper.pdf

John
by jjustice
Wed Aug 17, 2016 2:00 pm
Forum: Investing - Theory, News & General
Topic: Update: Emory & Columbia; New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt
Replies: 63
Views: 6745

Re: Update: Emory & Columbia; New Fiduciary cases: 403b's at MIT Yale NYU & Duke Hopkins Penn Vanderbilt

I see that the Columbia suit alleges that CREF Stock has been "poor" "deficient" and "imprudent" for "many years." I have long wished that Stock was run as a pure index fund, but its 10-year return is only .23% lower than its benchmark of 70% Russell 3000 and ...
by jjustice
Tue Aug 16, 2016 10:05 am
Forum: Investing - Help with Personal Investments
Topic: TIAA vs Fidelity at new employer
Replies: 12
Views: 1091

Re: TIAA vs Fidelity at new employer

There is a simple way to mimic your previous investments: the CREF Stock annuity account. It is 70% benchmarked to the Russell 3000 and 30% benchmarked to the MSCI All Country World Ex USA. The Russell index includes the smaller stocks of the Extended Market, and the MSCI index includes emerging mar...
by jjustice
Sun Aug 14, 2016 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: CREF variable annuity in 403(b) -- any reason to pay the high expense ratio?
Replies: 37
Views: 2797

Re: CREF variable annuity in 403(b) -- any reason to pay the high expense ratio?

I don't believe that you can exit a 403(b) plan and then go back in on your own. The money in these plans usually goes in by institutional contributions and individual salary reductions. But, even if you could do this, I wouldn't recommend it. The TIAA and CREF annuities are perhaps the best annuiti...
by jjustice
Mon Jul 18, 2016 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity as sole fixed income component
Replies: 84
Views: 9784

Re: TIAA Traditional Annuity as sole fixed income component

In the past two or three years TIAA changed the "headline" descriptions of its account types to "Defined Contribution Retirement Plan" (DC) for the RA and GRA accounts, and to "Tax-Deferred Annuity Retirement Plan" (TDA) for the SRA and GSRA accounts. I'm not sure what ...
by jjustice
Sun Jul 17, 2016 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity as sole fixed income component
Replies: 84
Views: 9784

Re: TIAA Traditional Annuity as sole fixed income component

I like the flexibility. The higher-yielding, illiquid RA account is ideal for building a solid retirement annuity. The lower-yielding, liquid SRA account is a safe and solid account for use in rebalancing with equity accounts. I wouldn't want to give up either one.

John
by jjustice
Mon Jul 11, 2016 8:35 am
Forum: Investing - Help with Personal Investments
Topic: TIAA- Traditional (which one?) vs Bond Market
Replies: 7
Views: 852

Re: TIAA- Traditional (which one?) vs Bond Market

I've been happy with Traditional for almost 40 years, and I've never known anyone to regret investing in it. I have known people to regret moving out of Traditional by means of a TPA.

I think that it is no contest if your alternative is a CREF R1 class bond account. Their ERs are pricey.

John
by jjustice
Mon Jul 04, 2016 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Need assistance with wife's 403b and annuities
Replies: 7
Views: 772

Re: Need assistance with wife's 403b and annuities

The R1 CREF accounts have the higher ERs that TIAA charges for smaller institutions. But the TIAA Real Estate and TIAA Traditional are the same at all institutions, large and small. These two TIAA accounts are probably the overall favorites of those of us who have TIAA. So I would suggest that your ...
by jjustice
Sat Jul 02, 2016 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs. Vanguard REITS
Replies: 26
Views: 3150

Re: TIAA Real Estate vs. Vanguard REITS

" The payment will vary depending on the underlying TREA share value. " Not exactly. Lev But so close as to make no real difference. The value of annuity units moves in tandem with the value of the unannuitized units. There is the possibility of a small mortality credit adjustment each ye...
by jjustice
Thu May 26, 2016 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA-CREF Bond funds - help deciphering!
Replies: 31
Views: 2392

Re: TIAA-CREF Bond funds - help deciphering!

Their best option at this point is probably to annuitize the account. If you can't persuade them to do that, I doubt that there is a better option available than putting it back into Traditional--at rates lower than their current vintage rates! Perhaps the prospect of reinvesting at lower rates will...
by jjustice
Wed May 18, 2016 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: SS or not
Replies: 22
Views: 2372

Re: SS or not

Ah, a new rationalization. To paraphrase La Rochefoucaulde, rationalization is the homage imprudence [impulse] pays to wisdom [reason].

John
by jjustice
Wed May 18, 2016 10:25 am
Forum: Investing - Help with Personal Investments
Topic: SS or not
Replies: 22
Views: 2372

Re: SS or not

Nice try, Stevewc! It's hard to leave money sitting there when it's available for the taking. But there is no easy way to avoid the point that, for most of us, the choice is quicker money or more money. That marshmallow is awfully tantalizing.

John
by jjustice
Mon May 09, 2016 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Need help with Social Security strategy for wife
Replies: 15
Views: 1602

Re: Need help with Social Security strategy for wife

So I’m not sure there’s any real advantage to me postponing until age 70. I’m exhausting myself with this analysis paralysis and would really value some feedback! Thanks! I think that you were right from the beginning. On a rational, present-value basis neither choice is much better than the other....
by jjustice
Sun May 08, 2016 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with Social Security strategy for wife
Replies: 15
Views: 1602

Re: Need help with Social Security strategy for wife

I'm glad you posted your question. To me the crucial variable here is the age difference. If you were the same age, you clearly should claim the spousal benefit and wait until 70 for your own. If there were a 20 year difference, you clearly should start your own, with the expectation that you would ...
by jjustice
Fri Apr 22, 2016 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: When to start Social Security. A different take
Replies: 107
Views: 12345

Re: When to start Social Security. A different take

In all previous threads on this subject that I've read there have been comments by those on both sides who haven't yet filed and aren't yet eligible, those who are currently delaying, and those who have filed early. There are very few comments by those who patiently waited and eventually filed afte...
by jjustice
Tue Apr 12, 2016 11:47 am
Forum: Investing - Help with Personal Investments
Topic: New Job - TiAA-CREF and/or Fidelity options, Please help!
Replies: 25
Views: 1613

Re: New Job - TiAA-CREF and/or Fidelity options, Please help!

livesoft, I have until June 1 to send my info to my benefits office. All I need to have decided by then is amount I'm putting in, 3.5 or 5.5% (going with 5.5% as they then contribute 8%), and the percentage of allocation between TIAA-CERF and Fidelity. Once it is processed I can then go to each ins...
by jjustice
Tue Apr 12, 2016 11:20 am
Forum: Investing - Help with Personal Investments
Topic: New Job - TiAA-CREF and/or Fidelity options, Please help!
Replies: 25
Views: 1613

Re: New Job - TiAA-CREF and/or Fidelity options, Please help!

I don't know why LALearning said that you didn't have access to the 3% guaranteed Traditional. The link that you supplied to your available funds shows that you have the regular Traditional with 3% guaranteed--and currently paying 4%. I see that you also have access to the R3 version of CREF Stock. ...
by jjustice
Mon Apr 11, 2016 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: New Job - TiAA-CREF and/or Fidelity options, Please help!
Replies: 25
Views: 1613

Re: New Job - TiAA-CREF and/or Fidelity options, Please help!

A simple combination that has been rewarding to many of us with TIAA retirement plans is CREF Stock, TIAA Traditional, and TIAA Real Estate. CREF Stock is a diversified, one-stop, global equity account with 70% domestic and 30% foreign. Traditional is a fixed income fund that will match the returns ...
by jjustice
Tue Mar 08, 2016 9:55 am
Forum: Personal Finance (Not Investing)
Topic: TIAA-CREF makes 403b rollovers difficult
Replies: 14
Views: 2038

Re: TIAA-CREF makes 403b rollovers difficult

I did a rollover in 2013 from TIAA to Vanguard with no difficulty. To get it done I called a Vanguard representative and he initiated a 3-way call with TIAA. I don't remember the paperwork now, but it was not onerous.

John
by jjustice
Wed Feb 03, 2016 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate equities in TIAA-CREF 403(b)?
Replies: 19
Views: 2835

Re: How to allocate equities in TIAA-CREF 403(b)?

All the CREF equity accounts are going to have similar expense ratios. I don't see that expense ratios are a factor. CREF Stock has 30% foreign stock with a portion of it in emerging markets. I see the emerging market portion as an advantage over Global Equities, which has only developed markets. Th...
by jjustice
Mon Feb 01, 2016 4:57 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (January 2016)
Replies: 7
Views: 1886

Re: madsinger monthly report (January 2016)

Wellington is hard to beat!

John
by jjustice
Sun Jan 31, 2016 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Employer's TIAA-CREF plan - live with it or question it?
Replies: 15
Views: 1393

Re: Employer's TIAA-CREF plan - live with it or question it?

can you explain what you mean by annuitizing the CREF stock account? I thought I understood the basic concept of annuitizing, but I don't understand how this happens with CREF Stock that I could switch from R1 to R3. The beauty of the annuity accounts is that when you retire you can either treat th...
by jjustice
Sun Jan 31, 2016 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Employer's TIAA-CREF plan - live with it or question it?
Replies: 15
Views: 1393

Re: Employer's TIAA-CREF plan - live with it or question it?

It's regrettable that your institution has the R1 class of CREF annuity accounts, but I wouldn't lose any sleep over it. You still have access to excellent annuity accounts at reasonable expense ratios--even if they are lower for some. I am a fan of TIAA-CREF's annuity accounts, and you have their b...