Search found 2275 matches

by ofcmetz
Wed May 16, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE book recommendation request.
Replies: 17
Views: 1026

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: 1026

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: 1832

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: 1026

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: 1574

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: 6655

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: 1659

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: 440

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: 440

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: 440

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: 1257

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: 5897

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: 21
Views: 2075

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: 895

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: 895

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: 895

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: 895

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: 895

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: 3182

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: 6729

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: 895

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: 895

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: 895

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: 55
Views: 6447

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: 3995

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
by ofcmetz
Wed Feb 28, 2018 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Buying pension credit: Should I use pre or post tax dollars?
Replies: 20
Views: 1389

Re: Buying pension credit: Should I use pre or post tax dollars?

In 2014, I bought 5 years of credit for $103,000 using a trasnsfer from my 403B and state 457B plan. I’ll be eligible for normal retirement next August. I’d definitely do pretax money if you can transfer with no penalties. Buying time in your pension can sometimes be ones greatest investment.
by ofcmetz
Thu Feb 08, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: "3 Investing Mistakes to Avoid"
Replies: 20
Views: 3496

Re: "3 Investing Mistakes to Avoid"

I think Jack Bogle has said something very similar. One key to success is avoiding big errors. My observation is the big errors are usually behavioral. It’s when we try to do something that we screw up, rather than sticking to a good plan and doing nothing. It’s harder to do nothing sometimes than ...
by ofcmetz
Thu Feb 08, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1403988

Re: U.S. stocks in freefall

Crushtheturtle wrote:
Tue Feb 06, 2018 4:09 am
Looks like I picked the wrong week to stop drinking.
I stop drinking every day until 5pm when I change my mind again.

Looks like we will get to the correction range today possibly. I’m not doing anything but letting my new (her 401K and his 457B) money go towards equities.
by ofcmetz
Mon Feb 05, 2018 11:08 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1403988

Re: U.S. stocks in freefall

Today is a reminder of several things. First, markets do awfully weird things for no apparent reason. I see absolutely no logic in the market dropping over 600 points on Friday and over 1,100 points the next Monday. Really, what has changed in the last couple of weeks? Not much. Second, you never k...
by ofcmetz
Mon Feb 05, 2018 8:35 pm
Forum: Investing - Theory, News & General
Topic: RBD alert [Really Bad Day]
Replies: 86
Views: 10492

Re: RBD alert [Really Bad Day]

White Coat Investor wrote:
Mon Feb 05, 2018 5:37 pm
Jacobkg wrote:
Mon Feb 05, 2018 5:35 pm
Can someone remind me what course of action is recommended by the proponents of the RBD philosophy?
You're supposed to put your February 401(k) contribution in today.
My wife's go in tomorrow. Market will be up 10% tomorrow now.
by ofcmetz
Mon Feb 05, 2018 8:26 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1403988

Re: U.S. stocks in freefall

I remember when this thread kicked off in 2011. I had a lot less invested then, but was moved a lot more emotionally with the ups and downs of the markets. Now I appreciate even more the value of following a plan. At the end of last year we were basically putting new savings into fixed income and ev...
by ofcmetz
Mon Nov 27, 2017 2:20 pm
Forum: Investing - Theory, News & General
Topic: What makes real estate a unique sector?
Replies: 25
Views: 1881

Re: What makes real estate a unique sector?

The TIAA Real Estate Fund is probably the closest thing that you can buy as a fund to actual commercial real estate. There are a ton of posts about it on here. I look at real estate as less risky than stocks and more than fixed income. Direct ownership works for many people I know but it’s about lik...
by ofcmetz
Mon Nov 27, 2017 2:14 pm
Forum: Investing - Theory, News & General
Topic: Bonds Are Riskier Than People Think
Replies: 142
Views: 14634

Re: Bonds Are Riskier Than People Think

Bonds index funds have much more liquidity than CD’s in some cases. Over time they may yield more as well. They are also the only thing some workers may have available to them if they invest primarily through 401K’s still. I don’t find them riskier than other fixed income. They are just different. I...
by ofcmetz
Fri Oct 20, 2017 12:38 am
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 14076

Re: new 401(k) limits announced

Nice! So I can put $500 more in both my 403B and 457B.
by ofcmetz
Fri Oct 20, 2017 12:33 am
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 6649

Re: Is a crash coming soon?

Sandtrap wrote:
Thu Oct 19, 2017 5:43 pm
I hope so.
Then prices will be a bargain.
I'm ready. :D
Maybe or maybe not. If something fundamentally changes in the world or economy then even with a crash things may not be cheap.
by ofcmetz
Fri Oct 20, 2017 12:29 am
Forum: Investing - Theory, News & General
Topic: Is a crash coming soon?
Replies: 64
Views: 6649

Re: Is a crash coming soon?

HomerJ wrote:
Thu Oct 19, 2017 1:14 pm
Set your Asset Allocation assuming a crash could happen tomorrow. Because it could.

This is true all the time.

^This is exactly my mindset.

The exact time and reason for a crash is unpredictable. All we know is that one day there will be one.
by ofcmetz
Fri Oct 20, 2017 12:21 am
Forum: Investing - Theory, News & General
Topic: Charles schwab - why so much cheaper?
Replies: 53
Views: 10087

Re: Charles schwab - why so much cheaper?

I use both. I think they are both decent choices to invest through. I don’t believe there is a catch. Costs are lower than in the past thanks to Vanguard. Everyone else is just staying competitive so as not to get left behind.
by ofcmetz
Sun Sep 03, 2017 7:21 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1403988

Re: Re:

I put in an order to sell some of my bond fund today and purchase a little of my stock index. Would that still go through after hours if trading was halted? Ofcmetz: You may want to wait on selling bonds to buy stock index. I believe the market will continue to decline. I hope this reaches you in t...
by ofcmetz
Sun Sep 03, 2017 2:34 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1403988

Re: Re:

I put in an order to sell some of my bond fund today and purchase a little of my stock index. Would that still go through after hours if trading was halted? Ofcmetz: You may want to wait on selling bonds to buy stock index. I believe the market will continue to decline. I hope this reaches you in t...
by ofcmetz
Fri Jul 28, 2017 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: 100% Stock Portfolio For Late Starter?
Replies: 35
Views: 3455

Re: 100% Stock Portfolio For Late Starter?

Is the late starter an experienced investor? Usually not in most cases. I always think new investors need more in fixed income at least until they experience a crash. It's much better for a late starter to focus on savings rates and be 80/20 or 60/40. Then they can learn the roll fixed income plays ...
by ofcmetz
Fri Jul 28, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Plan Detective: Where do I find the "hidden" fees?
Replies: 8
Views: 832

Re: 403(b) Plan Detective: Where do I find the "hidden" fees?

Not all 403B plans are that bad. The $79 fee sounds pretty reasonable especially once you get your account up in value. My 403B through TIAA only charges the fund expenses, but some of the other ones available cost about what yours does.
by ofcmetz
Fri Jul 28, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Savings rate: gross or net?
Replies: 56
Views: 5358

Re: Savings rate: gross or net?

I keep it simple and measure my savings rate as a percentage of gross income. I don't compare myself to others instead I use their incredible savings habits to motivate me. If you can't save 10 to 15% of gross when into your professional career then you really to look at things. We used to shoot for...
by ofcmetz
Sun Jul 02, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 2602

Re: When to start taking Social Security for 64 year old

My Suggestion Convert tax deferred to Roth over the next few years, spread out the conversions, say over the next 5 years. Wait to 70 to start SS payment for COLA and longevity insurance. If either one has the longevity gene, this approach should work out for the best. They most likely will experie...
by ofcmetz
Sat Jul 01, 2017 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 2602

Re: When to start taking Social Security for 64 year old

The numbers he gave me include spousal benefits. I'm editing the first post to include that.
by ofcmetz
Fri Jun 30, 2017 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 2602

Re: When to start taking Social Security for 64 year old

I'm certainly no expert, but doesn't social security have a cap of how much it pays per month? I thought it was $2,687 max per month, and that is a full retirement age. If that is true, your fathers calculations about how much he would receive is off. I agree that your numbers posted for SS benefit...
by ofcmetz
Fri Jun 30, 2017 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 2602

Re: When to start taking Social Security for 64 year old

I'm certainly no expert, but doesn't social security have a cap of how much it pays per month? I thought it was $2,687 max per month, and that is a full retirement age. If that is true, your fathers calculations about how much he would receive is off. Interesting. I'll check with him tomorrow and u...
by ofcmetz
Fri Jun 30, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 2602

When to start taking Social Security for 64 year old

Hello Bogleheads, My father, who is a missionary and lives out of country, is staying with me at my house for a few weeks this summer and the subject of when to take social security came up. I said, why don’t we ask the Bogleheads! He is currently living at a cost of about $3,000 per month which he ...
by ofcmetz
Mon Jun 19, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3804

Re: Early retirement checkup for 38 year old

Make sure to set a retirement date, then surprise everyone by actually retiring a week earlier. I've seen too many cop movies where the senior partner gets shot one day before retirement. :) This is a very good idea. Lol. I've also seen the same movies. It's never a good idea to come to work on you...
by ofcmetz
Mon Jun 19, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3804

Re: Early retirement checkup for 38 year old

I like your situation a lot better if you can last the 5 years. With only your wife's SS, the pension number does not look as good. 5 years would max the pension plus give you another 5x $52,000 annual savings. You mention your wife's job, so just to confirm is she planning to work until full retir...
by ofcmetz
Mon Jun 19, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3804

Re: Early retirement checkup for 38 year old

I have two siblings who retired in their 40s from law enforcement, one who waited for the pension to max out and the other who didn't. One regrets the decision, the other does not. Guess which one has regrets? No matter how you slice it, you will be retiring much earlier than most Americans. But on...