Search found 542 matches

by anonenigma
Wed Sep 19, 2018 12:49 am
Forum: Investing - Help with Personal Investments
Topic: CalSTRS Pension - Does refund of contributions make sense?
Replies: 7
Views: 590

Re: CalSTRS Pension - Does refund of contributions make sense?

There's no health coverage through CalSTRS. See https://www.calstrs.com/health-insurance

Check if her school district offers retiree benefits. Most don't, and she probably wouldn't qualify with only 16 years of service.
by anonenigma
Sat Sep 15, 2018 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA near-retiree begins to consider retirement now
Replies: 22
Views: 1218

Re: TIAA near-retiree begins to consider retirement now

Wil you have a defined benefit pension in addition to your investments with TIAA? Will you receive Social Security?
by anonenigma
Thu Sep 13, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Withholding from RMD'S
Replies: 10
Views: 846

Re: Withholding from RMD'S

Looks like TIAA's policy is similar: https://www.tiaa.org/public/pdf/forms/RMD.pdf
by anonenigma
Mon Sep 10, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Ready to buy iPhone 8 now, but..
Replies: 39
Views: 3235

Re: Ready to buy iPhone 8 now, but..

Check T-Mobile if it works where you need it, especially if there are two of you on the plan and one is at least 55. Their price is amazing for unlimited (including use outside the country when you travel), and we got our 8 Pluses on a buy one get one almost free ($700 rebate) deal.
by anonenigma
Sat Sep 08, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: Buying a new Toyota Camry. What extra options if any?
Replies: 53
Views: 2956

Re: Buying a new Toyota Camry. What extra options if any?

If it makes a difference to you, be aware that the 2019 Camry will have Apple Carplay.
by anonenigma
Thu Sep 06, 2018 8:19 pm
Forum: Personal Consumer Issues
Topic: Go to Istanbul next week. Any suggestions
Replies: 49
Views: 3495

Re: Go to Istanbul next week. Any suggestions

Either before your trip or after you return, watch Fatih Akin’s films, particularly The Edge of Heaven and Head On. Also, the documentary, Kedi, about cats in Istanbul, is terrific.
by anonenigma
Tue Aug 21, 2018 9:19 pm
Forum: Personal Consumer Issues
Topic: Short Term Health Insurance regulation changes - good for age 62 retirement?
Replies: 82
Views: 4102

Re: Short Term Health Insurance regulation changes - good for age 62 retirement?

Ask yourself, "Do I feel lucky?"

There's a reason that premiums are much higher for people in their 50s and 60s than in their 30s and 50s.
by anonenigma
Mon Aug 20, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13566

Re: Teachers Who Have Net Worth of $1 million +

Several years ago I asked CalSTRS what percentage of retired teachers had benefits: I was told that in 2002 the Office of the Actuary, found the following results: 75.7% have been retired five + years; 53% have been retired for 10+ years; 33.8% have been retired for 15+ years; 18.4% have been retir...
by anonenigma
Mon Aug 20, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13566

Re: Teachers Who Have Net Worth of $1 million +

Several years ago I asked CalSTRS what percentage of retired teachers had benefits: I was told that in 2002 the Office of the Actuary, found the following results: 75.7% have been retired five + years; 53% have been retired for 10+ years; 33.8% have been retired for 15+ years; 18.4% have been retir...
by anonenigma
Mon Aug 20, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13566

Re: Teachers Who Have Net Worth of $1 million +

Several years ago I asked CalSTRS what percentage of retired teachers had benefits: I was told that in 2002 the Office of the Actuary, found the following results: 75.7% have been retired five + years; 53% have been retired for 10+ years; 33.8% have been retired for 15+ years; 18.4% have been retir...
by anonenigma
Sun Aug 19, 2018 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13566

Re: Teachers Who Have Net Worth of $1 million +

For reference our local district pays between 36-80k for salary depending on education and time served. Employees pay about 1/3 of health insurance. The state pension formula is: Average (top 5) Annual Compensation X 1.1% [0.011] X Years of Service Which works out to be about 20-30K per year depend...
by anonenigma
Sun Aug 19, 2018 2:11 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13566

Re: Teachers Who Have Net Worth of $1 million +

If they can afford it, teachers are unique in being able to contribute to both a 403(b) and a 457(b) - an annual maximum of $37,000 up to age 50 and $49,000 after age 50. This only makes sense, though, if the plans are low-cost and offer good investment options - unfortunately, rarely the case. Plus...
by anonenigma
Sat Aug 18, 2018 4:57 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 362
Views: 46575

Re: MoviePass-Too good to be true, but it's legit.

In January, my wife and I each bought a year of MoviePass via Costco. I can't see foreign films any longer at the Laemmle theaters (MP has turned those off), but I can still use e-ticketing to see films at the Landmark/Nuart cinemas. This certainly isn't the MoviePass to which I subscribed, which ha...
by anonenigma
Sat Aug 18, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13566

Re: Teachers Who Have Net Worth of $1 million +

In Arizona, for 5 years our schools were on 4 days a week schedule, to cut costs. Many teachers were opposed to the change back -- Who wouldn't like a 4 day work week? I am sure the students loved it too. However, when you think about the mission of public schools, it would seem their education wou...
by anonenigma
Sat Aug 18, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13566

Re: Teachers Who Have Net Worth of $1 million +

My understanding is that in some states, many teachers have million dollar pensions (I am not a teacher). What do you mean - a million dollars per year or the assets necessary to generate the pension payments during the lifetime of the teacher? It is pretty obvious I don't mean $1 million/year. I m...
by anonenigma
Sat Aug 18, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13566

Re: Teachers Who Have Net Worth of $1 million +

munemaker wrote:
Sat Aug 18, 2018 10:07 am
My understanding is that in some states, many teachers have million dollar pensions (I am not a teacher).
What do you mean - a million dollars per year or the assets necessary to generate the pension payments during the lifetime of the teacher?
by anonenigma
Wed Aug 15, 2018 5:27 pm
Forum: Personal Consumer Issues
Topic: Men’s Underwear recommendation
Replies: 67
Views: 6728

Re: Men’s Underwear recommendation

I like the Kirkland briefs with no advertising: https://www.costco.com/Kirkland-Signature-Men's-Boxer-Brief-4-pack.product.100323810.html For sleeping in the summer, I just bought (and like) boxers I recently bought on Amazon. They're 100% cotton, not thin, hold up to washing, and are very inexpensi...
by anonenigma
Wed Aug 15, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Housing cost as a % of Income
Replies: 7
Views: 785

Re: Housing cost as a % of Income

It totally depends on where you live and how much space you need.
by anonenigma
Sat Aug 11, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: is it really a 501(C)(3) ?
Replies: 4
Views: 546

Re: is it really a 501(C)(3) ?

Be aware that some nonprofits are not themselves 501(c)(3)s but are "fiscally sponsored" by another nonprofit that is a 501(c)(3). That describes my wife's organization, which was fiscally sponsored for 22 years before becoming an independent 501(c)(3) this May. It can be less expensive for smaller ...
by anonenigma
Fri Aug 10, 2018 1:27 am
Forum: Investing - Help with Personal Investments
Topic: Best choice with oppenheimer
Replies: 8
Views: 549

Re: Best choice with oppenheimer

Why is the money stuck at Oppenheimer if it's from a former employer?
by anonenigma
Mon Aug 06, 2018 7:30 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 362
Views: 46575

Re: MoviePass-Too good to be true, but it's legit.

Saturday was frustrating. I tried to see either "Auntie Mame" (one night only) or the Hungarian film, "1945" at 7:30 at nearby art house cinemas. Both appeared to be available in the app but weren't available when I arrived at the cinemas (they're a few blocks apart) around 7 pm. Drag. Wasted gasoli...
by anonenigma
Thu Aug 02, 2018 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Which 403b provider to choose?
Replies: 19
Views: 1084

Re: Which 403b provider to choose?

See if PlanMember Direct is available. Otherwise they're all awful. See if there's a better 457(b) plan she can access,
by anonenigma
Tue Jul 31, 2018 12:05 pm
Forum: Personal Consumer Issues
Topic: Talk to me about Le Creuset
Replies: 53
Views: 6128

Re: Talk to me about Le Creuset

I have lodge cast iron skillets of different sizes and they perform well, but they are not a Le Creuset Dutch oven. Two entirely different things and if lodge makes a Dutch oven I doubt that it has ceramic insides. Here's the Lodge Dutch Oven with enameled inside: https://www.amazon.com/Lodge-EC6D4...
by anonenigma
Mon Jul 30, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: New Study: Public vs. Private Schools
Replies: 4
Views: 1028

New Study: Public vs. Private Schools

https://www.washingtonpost.com/news/answer-sheet/wp/2018/07/26/no-private-schools-arent-better-at-educating-kids-than-public-schools-why-this-new-study-matters/?utm_term=.458609a65e83 This Washington Post article is about a new University of Virginia study that factors out socioeconomic status from ...
by anonenigma
Sun Jul 29, 2018 10:29 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) investment choices
Replies: 9
Views: 880

Re: 403(b) investment choices

Expensive choices.

Move your Roth and taxable to lower-cost brokerage like Vanguard.
by anonenigma
Sun Jul 22, 2018 2:08 am
Forum: Personal Consumer Issues
Topic: iPhone to Android in 2018...
Replies: 23
Views: 1606

Re: iPhone to Android in 2018...

Watch for buy one, get one free deals from service providers. An iPhone 8s was $799 from T-Mobile a few months ago, and we got $700 back on the second one.
by anonenigma
Sun Jul 08, 2018 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Do you count pension contributions as a portion of your overall retirement contributions.
Replies: 47
Views: 3840

Re: Do you count pension contributions as a portion of your overall retirement contributions.

I view pension contributions like Social Security. They are an expense now. There's nothing investment-wise I can do to manage them other than staying employed. In the future these contributions will turn into income, either as a windfall (in the case of a pension cash out) or regular income which ...
by anonenigma
Sat Jul 07, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: Coffee Grinder recommendations
Replies: 56
Views: 3345

Re: Coffee Grinder recommendations

I've been using the Capresso 565 for years. Fabulous grinder. Not really made for swapping out beans though. You'd have to tilt the grinder and pour out the beans to do that. The grind is adjustable from course to powdery fine. It has a numbered timer so once you figure out which number produces th...
by anonenigma
Fri Jul 06, 2018 3:55 pm
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 362
Views: 46575

Re: MoviePass-Too good to be true, but it's legit.

Yesterday, LEAVE NO TRACE was my 49th movie in just a week less than six months. THREE IDENTICAL STRANGERS will be my 50th today. It's 103-105 in Los Angeles today - perfect moviegoing weather for a retiree. Also look forward to the air-conditioned drive to and from the theater.
by anonenigma
Tue Jul 03, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: 403b Retirement
Replies: 12
Views: 970

Re: 403b Retirement

CalSTRS Pension 2 is excellent. Plan charge is around 0.25%

Also look at Fidelity.
by anonenigma
Wed Jun 27, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: CD rates--what to do?
Replies: 45
Views: 6260

Re: CD rates--what to do?

mortfree wrote:
Tue Jun 26, 2018 10:36 pm
CapOne 360, 12 month CD at 2.3%
+1
by anonenigma
Mon Jun 25, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Teacher: 403b Asset Allocation?
Replies: 14
Views: 1197

Re: Teacher: 403b Asset Allocation?

Look at vendor's website and also at www.403bcompare.com, which is operated by CalSTRS. Fees matter. Be sure to look at plan charges (if any) in addition to expense ratios for each investment option.
by anonenigma
Fri Jun 22, 2018 1:00 am
Forum: Personal Consumer Issues
Topic: MoviePass-Too good to be true, but it's legit.
Replies: 362
Views: 46575

Re: MoviePass-Too good to be true, but it's legit.

I've had it for just over five months and seen 47 films. They didn't consider retired cineastes in film-rich cities.
by anonenigma
Fri Jun 15, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: ownership at Ally
Replies: 7
Views: 684

Re: ownership at Ally

We have joint ownership on checking at Capital One 360, after having a money market for a couple of years, but it was painful and took weeks to add my wife. I lost respect for their systems.
by anonenigma
Sat May 26, 2018 1:10 am
Forum: Personal Consumer Issues
Topic: Rental car in Denver, CO
Replies: 22
Views: 1896

Re: Rental car in Denver, CO

Try Hotwire.
by anonenigma
Fri May 25, 2018 11:06 am
Forum: Personal Consumer Issues
Topic: Alexa Echo sent family's audio file to a contact
Replies: 64
Views: 6093

Re: Alexa Echo sent family's audio file to a contact

The device is pretty handy, but...you couldn't invent a better surveillance state device, one that people will pay money to install. Fortunately, all our conversation is pretty humdrum. :wink: In George Orwell's novel, 1984,my favorite scene is where Winston is talking with the landlord of the love...
by anonenigma
Thu May 24, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Transfer???
Replies: 11
Views: 1035

Re: 403(b) Transfer???

The TPA told us to get either "exhange paperwork" from the new vendor or "surrender paperwork" from the old vendor. Also, I asked about rolling into a traditional IRA...the TPA said can only do if 591/2 yo or seperation from employer not the schoold district removing a vendor. Plan Member sent us t...
by anonenigma
Wed May 23, 2018 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Transfer???
Replies: 11
Views: 1035

Re: 403(b) Transfer???

Rollover wrote:
Wed May 23, 2018 2:08 pm
alpenglow wrote:
Wed May 23, 2018 10:38 am
You should be able to perform what is called a contract exchange, though it may vary depending on your plan documents.
Thank you...is that provided by the new Vendor?
The TPA for your district will tell you how to do it and provide approval.
by anonenigma
Mon May 21, 2018 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Government Roth 457(b) fees just went up 148%
Replies: 7
Views: 986

Re: Government Roth 457(b) fees just went up 148%

Keepcalm wrote:
Mon May 21, 2018 2:04 am
That I'm not sure of.
Call your employer's HR Office.
by anonenigma
Sun May 20, 2018 1:26 am
Forum: Investing - Help with Personal Investments
Topic: Government Roth 457(b) fees just went up 148%
Replies: 7
Views: 986

Re: Government Roth 457(b) fees just went up 148%

Has your employer changed plan providers or stopped paying plan costs?
by anonenigma
Fri May 11, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Payment in Lieu of Health Benefits
Replies: 10
Views: 965

Payment in Lieu of Health Benefits

My wife does not need the Kaiser coverage offered by her new employer - we have a PPO through my work. The employer is technically a new organization and does not yet have a formal policy on payment in lieu of benefits. If they would have to pay $535 for her Kaiser, what, based on your experience, w...
by anonenigma
Sat Apr 28, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: 403b vs roth403b
Replies: 12
Views: 772

Re: 403b vs roth403b

I don't believe that you've accounted for the taxes you would pay before investing in the Roth 403b. Those are after-tax dollars. Regular 403 is pretax.
by anonenigma
Fri Apr 27, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Movie Pass Camera Access
Replies: 3
Views: 611

Movie Pass Camera Access

Movie Pass has been great fun in retirement - seen nearly 30 films since mid-January. I bought the one year unlimited via Costco for $90, including a year of Fandor, an interesting streaming service. It's also interesting to follow the news on Movie Pass, whose business plan makes cryptocurrencies s...
by anonenigma
Wed Apr 25, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 Joint Account
Replies: 9
Views: 5909

Re: Capital One 360 Joint Account

It took more than six weeks, seven phone calls and dozens of online attempts, but my wife was finally added to the account last night. This is a known issue with Capital One, and I'm not impressed with their systems. Their people, however, were very nice. If she wasn't added by the end of this week,...
by anonenigma
Wed Apr 25, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: CA Public School Teacher - Union Dues, Pension Contribution
Replies: 17
Views: 2411

Re: CA Public School Teacher - Union Dues, Pension Contribution

[quote= I believe the old program applies as the previous contributions to the pension (pre-2013) were not cashed out. Thanks everyone for all your help. One key takeaway is that the CalSTRS pension program is its own beast that will take time and effort to fully comprehend. The CalSTRS pension prog...
by anonenigma
Tue Apr 24, 2018 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Vested in pension... leave it in or take it out?
Replies: 10
Views: 1098

Re: Vested in pension... leave it in or take it out?

Are you permitted to withdraw employer contributions? That certainly can't be done by teachers in California.

I'd suggest that you keep it in.
by anonenigma
Tue Apr 24, 2018 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: CA Public School Teacher - Union Dues, Pension Contribution
Replies: 17
Views: 2411

Re: CA Public School Teacher - Union Dues, Pension Contribution

I work in a district near the one your wife is considering (about 1/2 hour away). My union dues are about $1200/year and the mandatory pension contribution rate is 10.25%. For those who enter the CalSTRS system in 2013 or later, the rate is 9.2% (lower rate but less generous benefits). +1 He will l...
by anonenigma
Wed Apr 18, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Flexible Spending Account Plan Year Overlap
Replies: 3
Views: 256

Re: Flexible Spending Account Plan Year Overlap

Plan year 2018 contribution limit is $2650. Not sure though if she still has the $1000 or it was forfeited when she left her former employer. Check IRS Publication 969 for more info: https://www.irs.gov/pub/irs-pdf/p969.pdf Thanks for the reference but I couldn't find the answer in it. No loss of t...
by anonenigma
Wed Apr 18, 2018 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Flexible Spending Account Plan Year Overlap
Replies: 3
Views: 256

Flexible Spending Account Plan Year Overlap

My wife's switching employers. Previous employer's benefits plan year began October 1, and she had $1,000 deferred (if that's the correct word) into the FSA. The new employer's plan year begins May 1, so there's an overlap. We don't want to run afoul of IRS rules, so how do we determine the maximum ...