Search found 2348 matches

by ofcmetz
Sun Feb 10, 2019 2:19 pm
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2171

Re: State Pension DROP decision

I'm in college right now finishing my degree in finance at the only major (football powerhouse) university here. I will more than likely work at something in that field when I retire ... How about starting a personal website for the brave men and women in blue (BlueCoatInvesting.com or GunningforRe...
by ofcmetz
Sat Feb 09, 2019 6:20 pm
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2171

Re: State Pension DROP decision

One figure that may indirectly impact the pension calculations is the employer contribution that's not seen, maybe up to another 9.5%. But that didn't account for the big difference in pension over 3 years (68,998/56,548 = 22% increase -- you can't afford not to keep working!). I'm guessing the low...
by ofcmetz
Sat Feb 09, 2019 10:33 am
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2171

Re: State Pension DROP decision

The 69k is the pension in three years if you do not do DROP and, work the next three years or not work? The 58.5k pension is what you receive if you retire in 6 months and if you choose it could go into DROP for 3 years. Do you also pay into the SS retirement? That is correct. 58.5K if I retire in ...
by ofcmetz
Sat Feb 09, 2019 8:25 am
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2171

Re: State Pension DROP decision

What are your plans beyond 3 years? Do you begin receiving the $69k pension in 3 years, even if you keep working elsewhere? Would you be financially restricted (benefits significantly curtailed) from working for the state? How many years of service do you have and when does the pension max out? Are...
by ofcmetz
Wed Feb 06, 2019 11:23 pm
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2171

Re: State Pension DROP decision

I was an OT nut my whole career and you sound like you get your fair share. Some guys become dependent on it to pay the bills. I used it for the kids college funds and vacations. Try to wean yourself off it as you get closer to retirement. You can take the DROP as a lump sum when you retire right? ...
by ofcmetz
Wed Feb 06, 2019 8:41 pm
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2171

Re: State Pension DROP decision

Anyway, lots of things to consider. I do know that I was able to handle the job much easier once I did reach my KMA date. I went two years longer. Probably would have gone longer if my DW hadn't retired from the Sheriff's Dept and was having a blast not going to work. I got jealous. I crunch me num...
by ofcmetz
Wed Feb 06, 2019 8:38 pm
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2171

Re: State Pension DROP decision

Another retired Lt. here. Wow you guys get to retire young. We have to go to at least 50 but don't usually max out until 55. I'm in California. I worked for a PERS agency and DROP wasn't an option. What is the guaranteed interest rate after the 3 years? Any chance of a captain spot opening up for y...
by ofcmetz
Wed Feb 06, 2019 8:26 pm
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2171

Re: State Pension DROP decision

What are the spousal benefits for each way and would that factor into your decision? I assume no inheritance benefits for kids either way - - -? The Spousal survival benefit is 75% of my benefit for her life if I was to expire before her. If both of us are gone kids would get that 75% until age 18....
by ofcmetz
Wed Feb 06, 2019 2:50 pm
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2171

Re: State Pension DROP decision

Does your pension have a COLA and if so how much? Cheers It does have a form of COLA but not until the age of 62 and even then it's based on the funding of the COLA account balance (a separate account maintained by the pension to pay for COLA's). So effectively, I'd be getting about 20 years of not...
by ofcmetz
Wed Feb 06, 2019 2:18 pm
Forum: Personal Investments
Topic: State Pension DROP decision
Replies: 19
Views: 2171

State Pension DROP decision

In 6 months, I'll reach a point in my pension at which time I'll have the option of participating in the Deferred Retirement Option Plan (DROP) or continuing along in the pension. If I do DROP, I'll lock my pension amount at that point in an amount equal to my annual pension amount will be deposited...
by ofcmetz
Wed Feb 06, 2019 1:53 pm
Forum: Personal Investments
Topic: Saving Enough? Too Much? Advice wanted.
Replies: 30
Views: 2685

Re: Saving Enough? Too Much? Advice wanted.

Looks like you got your side of things covered. Will your wife have enough saved to cover her side of things? If not that may mean you aren't saving enough because even though you separate finances, in an emergency or forced retirement the combined savings and combined bills are what really matters,...
by ofcmetz
Wed Feb 06, 2019 1:47 pm
Forum: Personal Investments
Topic: Roth IRA tax question.
Replies: 19
Views: 778

Re: Roth IRA tax question.

Never having to pay taxes on earnings in a Roth IRA is what makes it such a nice way to save. Also, I believe there are no minimum distributions at age 70.5 unlike traditional IRA's.
by ofcmetz
Sat Feb 02, 2019 1:24 am
Forum: Personal Investments
Topic: Bond Fund Dividend mistake?
Replies: 10
Views: 611

Re: Bond Fund Dividend mistake?

I always assumed buying a bond fund was pretty much the same as buying the underlying bonds. When you buy a bond you are also buying all accrued but unpaid interest. When you buy a bond fund the accrued interest is in the price, as is the premium or discount depending on the underlying bond yields....
by ofcmetz
Sat Feb 02, 2019 1:21 am
Forum: Personal Investments
Topic: Bond Fund Dividend mistake?
Replies: 10
Views: 611

Re: Bond Fund Dividend mistake?

I read the funds prospectus and couldn’t find the answer. The NAV doesn’t seem to drop on all the dividend dates either. Hmm Just compare what it did yesterday (a distribution date) to what other TBM type funds known to accrue daily, like Fidelity US Bond Index FXNAX or Vanguard TBM VBTLX, did. The...
by ofcmetz
Fri Feb 01, 2019 4:33 pm
Forum: Personal Investments
Topic: Bond Fund Dividend mistake?
Replies: 10
Views: 611

Re: Bond Fund Dividend mistake?

I read the funds prospectus and couldn’t find the answer. The NAV doesn’t seem to drop on all the dividend dates either. Hmm
by ofcmetz
Fri Feb 01, 2019 4:14 pm
Forum: Personal Investments
Topic: Bond Fund Dividend mistake?
Replies: 10
Views: 611

Re: Bond Fund Dividend mistake?

Not all bond funds do this: My understanding of bond mutual funds is that the dividends accrue daily to the shareholders and then are payed out either monthly or quarterly depending on the fund. So you have to look at the prospectus although the daily NAV can give a hint if it drops every month on ...
by ofcmetz
Fri Feb 01, 2019 4:07 pm
Forum: Personal Investments
Topic: Bond Fund Dividend mistake?
Replies: 10
Views: 611

Bond Fund Dividend mistake?

My understanding of bond mutual funds is that the dividends accrue daily to the shareholders and then are payed out either monthly or quarterly depending on the fund. This week I rearranged money between our many retirement accounts and in the process purchased and additional $60,000 worth of iShare...
by ofcmetz
Thu Jan 17, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 49180

Re: John Bogle has died at age 89

He will be missed. I read so much of his writing that I felt like a really knew him as a friend. He made such a difference in our lives financially. RIP
by ofcmetz
Thu Jan 10, 2019 5:26 pm
Forum: Investing - Theory, News & General
Topic: What is your allocation to U.S. and International?
Replies: 220
Views: 14724

Re: What is your allocation to U.S. and International?

Percentage of portfolio in US 40%. International is 30% and other 30% is fixed income. I'm 39 and DW is 42
by ofcmetz
Wed Jan 09, 2019 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Too many credit cards?
Replies: 54
Views: 2835

Re: Too many credit cards?

I don't like credit cards that much and I am lazy with them. I just use a 2% card with everything and have only one bill to pay a month. I might not make the most money but it is so easy. I don't like keeping up with them as well either but I have 2 which is a lot for me. :D I use my 2% Fidelity Ca...
by ofcmetz
Mon Dec 31, 2018 12:08 am
Forum: Investing - Theory, News & General
Topic: International Funds Still Relevant in a Simple Portfolio?
Replies: 74
Views: 5039

Re: International Funds Still Relevant in a Simple Portfolio?

Don't change your allocation based on recent performance. International may or not be a better investment than US stocks, but their PE's are certainly lower so you at least get more earnings for your buck. If you have an allocation, then stick with it unless your reasons for that allocation have cha...
by ofcmetz
Thu Dec 27, 2018 3:44 pm
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 7344

Re: What was your best investment in 2018?

BogleMelon wrote:
Sun Dec 23, 2018 9:43 pm
$1860 (late 2017 and 2018) was spent for me and my wife to become US citizens and get our US passports. Best money spent ever! :sharebeer
That's awesome! Congrats.

I was already a citizen but did get my first ever passport this year and have used it several times already. :sharebeer
by ofcmetz
Thu Dec 27, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 7344

Re: What was your best investment in 2018?

Best financial investment: TIAA Traditional (stable value) that paid over 3% guaranteed in which we have about 20% of our portfolio.

Best non-financial: Eating healthier and more consistent exercise that helped me drop about 20 pounds (mostly fat).
by ofcmetz
Thu Dec 27, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 4594

Re: Working Holidays for extra money.

The nearby Chinese food restaurant that used to close on Christmas was open this week with just the owner and one employee. It looked like it really paid for them to be the only place open to eat in that area on Christmas Day. The normal 10 minute wait was about an hour because so many people were a...
by ofcmetz
Wed Dec 26, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 4594

Re: Working Holidays for extra money.

I have been a hospital (ICU) nurse for 35 years and have worked my share of holidays (at time and 1/2) for the entire time. We have a schedule where we work every third holiday. This year I worked Christmas eve, New Years day and Labor day. Next year I'll work Thanksgiving, New Years Eve and Memori...
by ofcmetz
Tue Dec 25, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 4594

Re: Working Holidays for extra money.

When I was single I would work nearly all the holidays for the 2.5 on a 8 hour shift. But after getting married and having kids, I stopped doing it for Christmas and New Years but would work the other 4 majors. Our department went to 12 hour shifts a few years before I retired and at that point I d...
by ofcmetz
Tue Dec 25, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 4594

Re: Working Holidays for extra money.

What would your family prefer? After 20 years, I'm guessing you have the seniority that you wouldn't be one stuck working the holidy? I'd also guess, being a BH, you don't need this holiday pay. Sure, it's nice pay, but family time is worth more, IMO. Stop working holidays if you don't have to. ** ...
by ofcmetz
Tue Dec 25, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 4594

Re: Working Holidays for extra money.

Turbo29 wrote:
Tue Dec 25, 2018 11:24 am
Is it 2.5x pay or is it 1x (holiday pay whether you work or not on that day) plus 1.5x for hours worked on the holiday?
That is correct. We refer to it as 2.5 times pay, but your breakdown is accurate.
by ofcmetz
Tue Dec 25, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 4594

Re: Working Holidays for extra money.

I'm required to work, at regular pay. Never had a job that was open on a holiday and paid extra to work on it. I suspect that these days that's more typical of government jobs and those with labor representation/unions. I forget all the perks that I get after working for the taxpayers for so long :...
by ofcmetz
Tue Dec 25, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 4594

Working Holidays for extra money.

Merry Christmas all. For the last 20 years, I've been working holidays as a police officer. My department is very generous and pays us double time and a half on holidays so I think it has been worth it. We usually allow a few per shift to take off until a certain minimum is reached and those who tak...
by ofcmetz
Tue Dec 25, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: Anyone overbalancing?
Replies: 39
Views: 2860

Re: Anyone overbalancing?

I'm not, but I did late 2011 and then let my new contributions bring my fixed income back up. Yesterday, I sold some of my bond fund and did a rebalance back to my allocation of 30% fixed income, 30% Total International, 40% Total US.
by ofcmetz
Tue Dec 25, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10250
Views: 1804826

Re: U.S. stocks in free fall

I'm going to sound very condescending here - but days like today remind me how how skittish and, frankly, foolish most personal investors seem to be Very surprised at the nervousness that is obvious on this forum. That should not be surprising. After all, investors are human beings. And many have "...
by ofcmetz
Tue Dec 25, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10250
Views: 1804826

Re: U.S. stocks in free fall

columbia wrote:
Tue Dec 25, 2018 7:21 am
Nikkei down 5%.
Don't they know that it's Christmas?
by ofcmetz
Mon Dec 24, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10250
Views: 1804826

Re: U.S. stocks in free fall

I rebalanced into bonds when the market was down about 3% off its high. Now my IPS is close to breaking the threshold for me to rebalance back into international and small cap stocks. :D Oh the joys of following one's investment policy statement (IPS). I got really close to the same thing, but was ...
by ofcmetz
Mon Dec 24, 2018 1:24 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10250
Views: 1804826

Re: U.S. stocks in free fall

I lost $85,000 of new money invested 15 days ago. At this point it doesn't matter anymore if I'm "comfortable" with my asset allocation, this is a serious loss by any standard. Update: I’m now approaching a $110,000 loss. I won’t be able to handle this for much longer. Do you need this money for a ...
by ofcmetz
Mon Dec 24, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10250
Views: 1804826

Re: U.S. stocks in free fall

I lost $85,000 of new money invested 15 days ago. At this point it doesn't matter anymore if I'm "comfortable" with my asset allocation, this is a serious loss by any standard. Update: I’m now approaching a $110,000 loss. I won’t be able to handle this for much longer. Do you need this money for a ...
by ofcmetz
Mon Dec 24, 2018 12:34 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10250
Views: 1804826

Re: U.S. stocks in free fall

Just did my first rebalance from bond funds to stock funds due to this 2018 equity drop. Most of it went to Total international index fund and the rest to US Total International Index Fund. I'm hoping that now new contributions can keep things balanced and I won't have to do any more rebalance trans...
by ofcmetz
Mon Dec 24, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Unable to do Regular or Backdoor Roths
Replies: 18
Views: 1251

Re: Unable to do Regular or Backdoor Roths

Congrats on making too much to do normal ROTH IRA contributions. We were close this year but my ability to contribute to both a 457B and 403B helped keep us under the limit. I'll sit back and now see how more experienced bogleheads answer this because I hope to have the same issue as you at some poi...
by ofcmetz
Mon Dec 24, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: How many "investment" accounts do you have?
Replies: 73
Views: 9417

Re: How many "investment" accounts do you have?

For our married couple, we have 6 accounts. 3 of them are workplace retirement accounts and 3 are brokerages where we keep IRA's, ROTH IRA's, and a taxable account.
by ofcmetz
Mon Dec 24, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: How much do you pay for cable/internet/cellphone
Replies: 95
Views: 5805

Re: How much do you pay for cable/internet/cellphone

While I would like to not have cable, I simple love to watch live sports too much to get rid of it. I have about 5 other friends who also use my login to watch live sports, so in a way I'm being charitable by having it. Cell phone Bill (three smart phones) - $150 Cable: $85 Netflix $11 Internet $55 ...
by ofcmetz
Fri Dec 21, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 9865

Re: When did the musicians on the titanic realize their fate?

What are the conditions where people on this site become concerned? TVD, I am prepared for a market downturn plus recession lasting 5 years. I assumed that I could be unemployed for 5 years too. I am prepared. How about you? Are you prepared? Yes, I set a threshold in my IPS for my rebalancing too....
by ofcmetz
Fri Dec 21, 2018 9:12 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10250
Views: 1804826

Re: U.S. stocks in free fall

This is beginning to feel way too much like 2008. I remember the feeling - withering losses like this for weeks on end. Stock up on Maalox. Feels different to me because people aren’t losing their jobs and houses. There is no fear that this might be the end to the financial system either. I would g...
by ofcmetz
Fri Dec 21, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: When did the musicians on the titanic realize their fate?
Replies: 132
Views: 9865

Re: When did the musicians on the titanic realize their fate?

I’m concerned because I like seeing the balances increase, but I’m not making changes besides putting new contributions into equities. The big investing decision is how much do you have in equities as a percentage of your portfolio. This decision should be made prior to a market drop and only change...
by ofcmetz
Fri Dec 21, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10250
Views: 1804826

Re: U.S. stocks in free fall

This is beginning to feel way too much like 2008. I remember the feeling - withering losses like this for weeks on end. Stock up on Maalox. Feels different to me because people aren’t losing their jobs and houses. There is no fear that this might be the end to the financial system either. I would g...
by ofcmetz
Fri Dec 21, 2018 5:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10250
Views: 1804826

Re: U.S. stocks in free fall

last year 2017 was a around a 20% gain for most people. This year 2018 will probably be a 10% loss. Long term, most people should still be profitable. unless people only started investing this year. Those of us who have a significant portion of their portfolio in a Total International fund will lik...
by ofcmetz
Wed Dec 12, 2018 9:20 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 20599

Re: What Happened to you during the Financial crisis of 2007–2008

I remember 2008 and 2009 very well. I turned 29 years old and had my second child while it was all going on. We were 100% invested in stocks but our portfolio was just approaching 6 figures when it all started so the amount of money we lost wasn't significant in the gross amount compared to our inc...
by ofcmetz
Wed Dec 12, 2018 8:50 am
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 20599

Re: What Happened to you during the Financial crisis of 2007–2008

I remember 2008 and 2009 very well. I turned 29 years old and had my second child while it was all going on. We were 100% invested in stocks but our portfolio was just approaching 6 figures when it all started so the amount of money we lost wasn't significant in the gross amount compared to our inco...
by ofcmetz
Fri Nov 02, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7345

Re: 2019 401(k) Contribution Limit

GoldStar wrote:
Fri Nov 02, 2018 3:36 pm
whodidntante wrote:
Fri Oct 26, 2018 6:28 pm
Only on Bogleheads would you find a question about next year's 401k limit in October.
:)
And only a Boglehead gets excited about turning 50 because he has another $6000 he can put in!
Only 11 more years until I can put more into my 403B and 457B plans. Woohoo!
by ofcmetz
Fri Oct 19, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: Help me understand dividends
Replies: 146
Views: 13454

Re: Help me understand dividends

Maybe this was already mentioned, but if not then: Wouldn't dividends help long time controlling families of public companies? People like the Waltons with Wal-Mart do not have to sell their shares to fund their lifestyles. Instead they can rely on steady dividends to pay the bills and continue to m...