Search found 2300 matches

by ofcmetz
Fri Nov 02, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7015

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: 13165

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...
by ofcmetz
Wed Sep 26, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 82892

Re: How much money do you want to retire?

I'm close now at age 39, but only because I work for the government with a generous pension and retirement healthcare. I'm looking at leaving in a few years with a pension of 70K a year, subsidized healthcare and a high 6 figure portfolio. I figure this will make me financially independent, but I do...
by ofcmetz
Thu Jul 19, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Advice: Asset Allocation
Replies: 5
Views: 845

Re: Advice: Asset Allocation

So, looking over this I see you have a 100% allocation to fixed income. Is that correct? What is NPV? What is CPI employer fund? Are these like some kind of stable value funds? I always think its helpful to think of all your invested money as one portfolio. Within that portfolio you have different p...
by ofcmetz
Wed Jul 18, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: New book based on Millionaire Next Door
Replies: 120
Views: 17170

Re: New book based on Millionaire Next Door

I've pretty much read all the books in this series. When I read the Millionaire Next Door I was 25 years old and it was super eye opening. It started me on a path of living below my means and investing. I look forward to this next book.
by ofcmetz
Sun Jul 15, 2018 8:17 am
Forum: Personal Finance (Not Investing)
Topic: 14 years with Bogleheads
Replies: 13
Views: 2151

Re: 14 years with Bogleheads

Nice. Good to have had you here for so long. I feel like my expenses have increased like that sometimes as well as I had my kids over the same time period and my government income has been more stagnant. :sharebeer
by ofcmetz
Sun Jul 15, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14893

Re: Early retirement

I'll be able to leave next year at the age of 40 from my police job if I choose. I won't have to work, but may go back to college and am considering other careers. My police humor is going to cause me to have a lot of fun with the question "what do you do for a living". I will say everything from, "...
by ofcmetz
Fri Jul 13, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Like Lifestrategy Funds but???
Replies: 32
Views: 3755

Re: Like Lifestrategy Funds but???

I really like the Lifestrategy Funds. If I was looking for an all in one fund I'd choose one over even a Target Retirement Fund, because I prefer a fixed allocation and am not convinced that the glide paths are necessary. I use a 3 fund (plus TIAA Real Estate) portfolio, but am not apposed to intern...
by ofcmetz
Fri Jul 13, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: CD's vs. Market Investment
Replies: 3
Views: 498

Re: CD's vs. Market Investment

Hello and welcome. Do you have a desired asset allocation yet? When I say this, I'm referring to the amount of your portfolio that you put in fixed income and equity. A lot of times it's referred to as 60/40 or 70/30 with the first number referring to equity and the second referring to fixed income....
by ofcmetz
Wed Jul 11, 2018 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: ADP 401K Funds Recommendations
Replies: 8
Views: 806

Re: ADP 401K Funds Recommendations

You need to determine what your preferred asset allocation is. That means how much you want in equity (stock) funds vs how much in fixed income. Also decide how much of your equity funds should be international if any. If you just picked the four funds I list below and put 25% in each, then you'd be...
by ofcmetz
Wed Jul 11, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction
Replies: 44
Views: 7655

Re: Received $1m windfall with additional upside; looking for feedback on plan to hedge against market correction

Welcome to the forum. The two books you bought will give you a nice base of knowledge to get started. Like you said, this is a forum that you don't really grow out of. I do find myself always coming back to this one unlike others I've participated in. If one is new to investing it is better to error...
by ofcmetz
Wed Jul 11, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Any Dry Powder Strategies?
Replies: 103
Views: 6462

Re: Any Dry Powder Strategies?

I think of my dry powder as the 25% of gross pay that comes out of my check every week. I put that in whatever asset class is below my desired allocation percentage.

If I timed a bit I would just leave the dry powder in cash or short term bond funds. :sharebeer
by ofcmetz
Wed Jul 11, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice for 26 year old
Replies: 6
Views: 666

Re: Portfolio advice for 26 year old

Thank you everyone for the advice. I will get a more detailed breakdown of her 401k investments when she visits in August. She lives in the UK and is an excellent saver but has had very little time to spend on analyzing her finances. She is now interested in getting a handle on it. A few additional...
by ofcmetz
Wed Jul 11, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 50
Views: 6149

Re: Where do you keep your Emergency Fund?

I keep mine in my Credit Union and in an online savings account. I do think keeping it in a money market fund at Vanguard is perfectly fine though.
by ofcmetz
Wed Jul 04, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 132
Views: 13997

Re: Best 401k Employer Match Structure

My wife's company (medical industry) 100% matches first 5% of income into the 401K. They vest 20% a year of matched contributions and are fully vested after 5 years. I find this to be very generous.
by ofcmetz
Wed Jul 04, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: Advocating to not index
Replies: 28
Views: 3597

Re: Advocating to not index

I frequently have people ask me for Financial advice related to Investing, I explain the concept of Index investing, More often than not the advice falls on deaf ears. I am loath to give investing advice to anyone other than to use a TDF. In addition to getting me off the hook for bad advice, It is...
by ofcmetz
Thu Jun 21, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 35809

Re: What is/ was your career and would you recommend it now?

Law Enforcement. I'd never recommend it to someone who just wants a job. For someone who has always wanted to be a police officer or for someone who was former military then yes I'd recommend. You have to feel called to this kind of work and even then it takes a toll on you and your family. For anyo...
by ofcmetz
Wed Jun 20, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Value of a Military Retirement
Replies: 30
Views: 3878

Re: Value of a Military Retirement

A long introduction brings me to my questions: 1. How would you price the value of a pension? I price the value of my police pension by going to a site like www.immediateannuities.com . My police pension will produce a similar yearly income to yours but will have only sporadic inflation adjustments...
by ofcmetz
Mon Jun 18, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: FIRECalc/Pension vs Lump Sum Question
Replies: 3
Views: 641

Re: FIRECalc/Pension vs Lump Sum Question

Have you tried pricing what a similar income stream would cost if you purchased it as an annuity? This is another way to determine if it makes since to take the lump sum or income stream. It's also a decent way to get the idea of the value of a pension. Go to a site like www.immediateannuities.com a...
by ofcmetz
Sat Jun 16, 2018 10:36 am
Forum: Investing - Theory, News & General
Topic: Our interview with Taylor Larimore
Replies: 17
Views: 4155

Re: Our interview with Taylor Larimore

Thanks for the link. Oh, and Taylor, thanks for the new book. Can’t wait to read and to buy some giveaway copies.
by ofcmetz
Mon Jun 11, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 752
Views: 219387

Re: Share your net worth progression

If you had a retirement plan that was worth 200K if you just quit and transferred to an IRA, but was worth 60K a year in income for life starting at age 40 if you retired. How would you reflect it in your net worth? Because when you retire you take a 200K hit to your net worth, but receive an incom...
by ofcmetz
Fri Jun 08, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Investing or Paying Off The House
Replies: 14
Views: 1335

Re: Investing or Paying Off The House

I'd pay off the house. It's one less thing to worry about. You can start investing your house payments in your portfolio if you want.

Currently, I'm doing both. Adding some to my portfolio and some to paying my house off early.
by ofcmetz
Fri Jun 08, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 752
Views: 219387

Re: Share your net worth progression

If you had a retirement plan that was worth 200K if you just quit and transferred to an IRA, but was worth 60K a year in income for life starting at age 40 if you retired. How would you reflect it in your net worth? Because when you retire you take a 200K hit to your net worth, but receive an income...
by ofcmetz
Tue May 29, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: 401K options changed...how are my new fund options?
Replies: 4
Views: 223

Re: 401K options changed...how are my new fund options?

Looks like you are going from one great option to another great option. I wouldn't worry a bit.
by ofcmetz
Mon May 28, 2018 10:28 am
Forum: Investing - Theory, News & General
Topic: "The Seven Types of Investors Who Beat The Market (And Why You Aren’t One Of Them)"
Replies: 14
Views: 3517

Re: "The Seven Types of Investors Who Beat The Market (And Why You Aren’t One Of Them)"

Happy Memorial Day Taylor. Thanks for your service and this post.

Well, I didn't see my name or style of investing listed, so I'll just have to be content to make market like returns minus very small fees.

Cheers
by ofcmetz
Wed May 16, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE book recommendation request.
Replies: 17
Views: 1330

Re: FIRE book recommendation request.

lostdog wrote:
Wed May 16, 2018 2:34 pm
The Simple Path to Wealth.

https://www.amazon.com/dp/B01H97OQY2/re ... TF8&btkr=1
Thanks. I'm actually surprised that I haven't read this one yet.
by ofcmetz
Wed May 16, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE book recommendation request.
Replies: 17
Views: 1330

Re: FIRE book recommendation request.

Thanks for the recommendations so far. :D

Keep them coming. I'm adding to my amazon list as I type.
by ofcmetz
Wed May 16, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: How much should I save before I start investing? and more
Replies: 13
Views: 2182

Re: How much should I save before I start investing? and more

Learning to live on less than you earn is a much much harder skill to learn than learning to invest. I'd have a nice little emergency fund ($10 grand) and have at minimum all credit cards paid off before I started investing. Now, if you have an employer plan (401K) then you might as well put in enou...
by ofcmetz
Wed May 16, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: FIRE book recommendation request.
Replies: 17
Views: 1330

FIRE book recommendation request.

I'm about to take a little four day cruise out of Tampa, FL and am looking for some good books on FIRE that I can download onto my Kindle Paperwhite. I believe that FIRE is the the correct acronym for Financially Independent Retire Early. I'm a year from turning 40 and a year or so from being able t...
by ofcmetz
Wed May 16, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth quitting my private-sector job and taking a government job so I can invest in the 457 account, too?
Replies: 15
Views: 1857

Re: Is it worth quitting my private-sector job and taking a government job so I can invest in the 457 account, too?

Like jeffyscott said, there are lots of benefits to working for the government. Time off, better health plans (some that last into retirement, pension plans, and a more stable job are all probably a lot more important than having a governmental 457B plan available. If the money is similar and the jo...
by ofcmetz
Mon May 14, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: Doubling Your Money
Replies: 32
Views: 7108

Re: Doubling Your Money

So I'm trying to figure out the right mix of continued retirement contributions vs. accelerating the payoff of the mortgage. Currently we are maxing out all our contributions (~$88,500 per year), but just paying the mortgage down at the normal amortization schedule. We could shift some (or all) fro...
by ofcmetz
Thu May 10, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: Any issues with upgrading Vanguard taxable account to brokerage?
Replies: 19
Views: 2009

Re: Any issues with upgrading Vanguard taxable account to brokerage?

I didn't have any issues at all transitioning both of our accounts over a few years ago. It didn't bother me to answer the employment questions as those are fairly standard questions when opening up brokerage accounts. I think you'll find the process smooth if you do decide to change.
by ofcmetz
Tue May 08, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing an Optional Retirement Plan 403b
Replies: 8
Views: 575

Re: Choosing an Optional Retirement Plan 403b

As to the ORP options, my employer has 403B in all three plans with similar fund choices. I personally prefer TIAA CREF to Valic and Voya. We are actually dropping Voya after after a review of plans and will end up with one provided by Fidelity as a replacement. I assume it was because of a recent f...
by ofcmetz
Tue May 08, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing an Optional Retirement Plan 403b
Replies: 8
Views: 575

Re: Choosing an Optional Retirement Plan 403b

Hey ofcmetz, Yeah I thought about that for a while but we are pretty sure of leaving the state in max 5 years and then I would lose the employer contribution when I move my funds. I thought the ORP would be safer because the employer still contributes to it. Also, I will be starting of as a residen...
by ofcmetz
Tue May 08, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing an Optional Retirement Plan 403b
Replies: 8
Views: 575

Re: Choosing an Optional Retirement Plan 403b

OP, My two cents is don't count out doing the PERS just because you think that you probably won't be there long enough to be vested. I've seen a lot of state workers here in Louisiana make that decision and then either stay at their job long enough to be vested or move on to another better state job...
by ofcmetz
Mon May 07, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Which brokerage has the lowest ER on SP500 index fund?
Replies: 29
Views: 1656

Re: Which brokerage has the lowest ER on SP500 index fund?

I agree with Livesoft. Once you are paying five one hundredths of one percent in fee's or less, the other factors be more important. Customer service, website quality, reputation of firm all are more important at that point to me.
by ofcmetz
Sun May 06, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Comparing 2 physician jobs
Replies: 69
Views: 6819

Re: Comparing 2 physician jobs

Life is too short as it is. Go to CA or some other place where you can do stuff and your other can find a job. No way I'd go somewhere for more money that I couldn't enjoy life and doing things or where my wife couldn't find work. Best of luck.
by ofcmetz
Fri May 04, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Target retirement funds
Replies: 28
Views: 4658

Re: Vanguard Target retirement funds

I think the target retirement funds are a great one stop choice. Their asset allocation gets more conservative as they (the funds and you) age. I actually prefer the Lifestrategy Funds to these. They have similar fees, but the allocations within remain constant. This fits me better. I think the one ...
by ofcmetz
Fri May 04, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Valuing Yearly Police Pension Increase
Replies: 15
Views: 1075

Re: Valuing Yearly Pension Increase

$60,000 ish in retirement benefits due to the increase in pension payout. That's assuming you are around to collect the $60k or that a survivor will receive it instead. 8-) If that $60k is $3k a year over twenty years, the present value is less than $60k because of inflation, unless your pension is...
by ofcmetz
Fri May 04, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: Valuing Yearly Police Pension Increase
Replies: 15
Views: 1075

Re: Valuing Yearly Police Pension Increase

So here are the numbers based on my current salary of $72,500. 8-2019: $54,945 a year. 8-2020: $58,008 a year. Any input is welcomed. If I'm way off in my thinking on this, that's fine too. Assuming the pension is based on final salary, one thing you haven't factored in is the value of any raises (...
by ofcmetz
Fri May 04, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Valuing Yearly Police Pension Increase
Replies: 15
Views: 1075

Re: Valuing Yearly Pension Increase

That's correct. No state taxes on state pensions in my state. I would get about 83% of my trailing five year average salary if I retire next year. It goes up 3.33% a year and the average salary increases slightly with merit raises. You might determine how much more you are making per hour accountin...
by ofcmetz
Fri May 04, 2018 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Valuing Yearly Police Pension Increase
Replies: 15
Views: 1075

Re: Valuing Yearly Pension Increase

Looks like you are badly exposed to inflation if you take an early retirement option. Every added year cuts that risk a bit, getting you closer to the age 55 COLA. I'm guessing that there is no SS for you so you really need to protect the purchasing power of that pension, come what may inflation-wi...
by ofcmetz
Thu May 03, 2018 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Valuing Yearly Police Pension Increase
Replies: 15
Views: 1075

Re: Valuing Yearly Pension Increase

That's correct. No state taxes on state pensions in my state. I would get about 83% of my trailing five year average salary if I retire next year. It goes up 3.33% a year and the average salary increases slightly with merit raises. You might determine how much more you are making per hour accountin...
by ofcmetz
Thu May 03, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Swollen Emergency Fund....What now?
Replies: 43
Views: 3681

Re: Swollen Emergency Fund....What now?

As long as you are dealing with an FDIC insured bank there is little to fear with an online bank. I use ALLY to compliment my brick and mortar bank and I have been very happy with them. I have had to call them a few times for help in figuring out how to complete a transaction. They have always answ...
by ofcmetz
Thu May 03, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation to combine Dave Ramsey and Vanguard?
Replies: 79
Views: 8168

Re: Allocation to combine Dave Ramsey and Vanguard?

Dave Ramsey recommends very aggressive portfolios invested in stock mutual funds. He uses mostly actively invested funds and recommends brokers. If you want to combine that with a boglehead style portfolio you would be tilted towards equities/ stocks in my opinion vs bonds/ fixed income. Using the b...
by ofcmetz
Thu May 03, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Valuing Yearly Police Pension Increase
Replies: 15
Views: 1075

Re: Valuing Yearly Pension Increase

Seems like you would be getting almost the same amount of money you are making now if you quit working and took the pension. Taxes might figure into it if your state treats pensions favorably. Of course that ignores the overtime but couldn't you still pick up some work if you retired? Might not pay...
by ofcmetz
Thu May 03, 2018 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Valuing Yearly Police Pension Increase
Replies: 15
Views: 1075

Re: Valuing Yearly Pension Increase

...the financial value of working the extra year is as if I had invested $65,000 minus my pension contribution of about $6500? Don't understand this statement so can't comment on whether it makes sense or not. E.g., what is the value if you die immediately after working that extra year? In general,...
by ofcmetz
Thu May 03, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Valuing Yearly Police Pension Increase
Replies: 15
Views: 1075

Valuing Yearly Police Pension Increase

I'm trying to figure out my financial gain for working additional years at my Police Department after my initial normal retirement date of August 15, 2019. My decision when to leave is only partially based on the numbers, but I want to have a clear grasp of things on the numbers side. This forum has...
by ofcmetz
Thu May 03, 2018 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to smell like buying season?
Replies: 72
Views: 10100

Re: Starting to smell like buying season?

Trying to time things is not a game I think is worth playing. Just put your money into your asset allocation as you get money to invest. For me and the wife this means every Friday is buying season.
by ofcmetz
Tue May 01, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: Everything You Need to Know on an Index Card
Replies: 33
Views: 4451

Re: Everything You Need to Know on an Index Card

1. Start saving as soon as you can from each paycheck.
2. Use index funds.
3. Find a reasonable allocation and don't tinker.
3. Don't look too often