There are some decent youtube videos on how these plans work. Here is an example:
https://www.youtube.com/watch?v=ZcqTovdaMh8
I'm a retirement actuary and work on cash balance plans somewhat frequently. No relationship to the makers of that video (Emparion) -- just thought it looked informative.
The tax savings are huge, so it's hard to pass up the opportunity to participate. However, you need to be prepared to fund any shortfall when the plan pays out. To me, that means the "highest tier" sounds too risky, since you said you may have to adjust your expenses to make it work. I would take advantage of the middle tier in your situation.
Search found 468 matches
- Sat Nov 27, 2021 6:18 pm
- Forum: Personal Investments
- Topic: Defined Benefit / Cash Balance Plan -- To fully fund or not to fund (or somewhere in between)?
- Replies: 12
- Views: 1082
- Sat Nov 27, 2021 6:10 pm
- Forum: Personal Investments
- Topic: Defined Benefit / Cash Balance Plan -- To fully fund or not to fund (or somewhere in between)?
- Replies: 12
- Views: 1082
- Mon Nov 01, 2021 11:08 pm
- Forum: Personal Finance (Not Investing)
- Topic: Pay raises for 2022
- Replies: 421
- Views: 63199
Re: Pay raises for 2022
Using a note in my iPhone, I've been tracking food prices to see if I am experiencing inflation. I am not. I've been tracking staples such as coffee, wine, olive oil, eggs, bread, ground beef, chicken, etc, and all of these items are still a pre-pandemic prices. My conclusion is that there is not much inflation in my daily spending — other than gas for the car. Have you been substituting different brands? I'm fairly consistent in what I buy. There are certain items where I always buy the same name-brand, and other items where I consistently buy the same store brand. For every item you've mentioned, I've had noticeable, non-transient, increases in price in very recent memory. For what it's worth, most of my grocery shopping is done at Targe...
- Thu Oct 28, 2021 11:16 pm
- Forum: Personal Consumer Issues
- Topic: Most Effective Rodent Deterrent
- Replies: 25
- Views: 2035
Re: Most Effective Rodent Deterrent
I was surprised to learn that dogs provide very effective rodent control. Apparently all those cute little terriers were specifically bread to hunt and kill rats. If you're not open to a cat, maybe you could consider man's best friend?
- Tue Sep 28, 2021 6:13 pm
- Forum: Personal Consumer Issues
- Topic: Excel XIRR Calculation
- Replies: 4
- Views: 642
Re: Excel XIRR Calculation
Have you tried multiple "guess" values for XIRR's third parameter? The default is 10%, but occasionally that starting value can cause the algorithm to produce an error. You might try using -10% or 25% or some other value. I think the output for this particular error is #NUM!, but I'm not really sure.
Alternatively, double-check that you don't have any blank cells that actually contain a space or something in the columns of dates/numbers.
Alternatively, double-check that you don't have any blank cells that actually contain a space or something in the columns of dates/numbers.
- Sat Sep 25, 2021 11:29 pm
- Forum: Personal Finance (Not Investing)
- Topic: Refinance Mega Thread
- Replies: 12862
- Views: 1265848
Re: Refinance Mega Thread
Which bank or servicer is this? Sounds quite slick. Contacted my mortgage loan officer to inquire about a refinance. She offered a "loan modification" to change the rate from 3.625% to 2.75% prospectively. We have to pay a flat $1,500 fee for the adjustment, but there is no need to provide income or asset verification since it is not a full refinance. We could also refinance to 2.85% (no fee) if we're willing to provide assets/income and reset to 30 years. The loan adjustment should pay itself off after about 3 months. We're proceeding the the loan adjustment since it's easier. I hope you shopped around; you may be able to do better. Oh I'm sure there are better deals out there. This almost certainly isn't the "best", b...
- Sat Sep 25, 2021 11:28 pm
- Forum: Personal Finance (Not Investing)
- Topic: Refinance Mega Thread
- Replies: 12862
- Views: 1265848
Re: Refinance Mega Thread
This was with PNC Bank.jinnix wrote: ↑Sat Sep 25, 2021 8:16 pm Which bank or servicer is this? Sounds quite slick.
g$$ wrote: ↑Sat Sep 25, 2021 5:05 pm Contacted my mortgage loan officer to inquire about a refinance. She offered a "loan modification" to change the rate from 3.625% to 2.75% prospectively. We have to pay a flat $1,500 fee for the adjustment, but there is no need to provide income or asset verification since it is not a full refinance. We could also refinance to 2.85% (no fee) if we're willing to provide assets/income and reset to 30 years. The loan adjustment should pay itself off after about 3 months. We're proceeding the the loan adjustment since it's easier.
- Sat Sep 25, 2021 5:05 pm
- Forum: Personal Finance (Not Investing)
- Topic: Refinance Mega Thread
- Replies: 12862
- Views: 1265848
Re: Refinance Mega Thread
Contacted my mortgage loan officer to inquire about a refinance. She offered a "loan modification" to change the rate from 3.625% to 2.75% prospectively. We have to pay a flat $1,500 fee for the adjustment, but there is no need to provide income or asset verification since it is not a full refinance. We could also refinance to 2.85% (no fee) if we're willing to provide assets/income and reset to 30 years. The loan adjustment should pay itself off after about 3 months. We're proceeding the the loan adjustment since it's easier.
- Fri Sep 10, 2021 1:04 am
- Forum: Personal Investments
- Topic: What's your favorite buy and hold stock for the next 10 years?
- Replies: 59
- Views: 7204
Re: What's your favorite buy and hold stock for the next 10 years?
3M Company (MMM)
- Thu Aug 26, 2021 11:03 am
- Forum: Personal Investments
- Topic: When to draw on a Pension plan not indexed to inflation
- Replies: 12
- Views: 1496
Re: When to draw on a Pension plan not indexed to inflation
Have you checked whether the plan provides benefit increases for late retirement? For exmaple, does the $432 per month increase to $470 per month if you take it at age 66?
- Tue Aug 24, 2021 9:36 am
- Forum: Personal Finance (Not Investing)
- Topic: Password Manager Question
- Replies: 64
- Views: 7231
Re: Password Manager Question
I use Keepass. It's open source and available on pretty much any platform. I believe it will do what you want, but it's not as pretty as LastPass or OnePassword.
https://keepass.info/download.html
https://keepass.info/download.html
- Sat May 22, 2021 8:49 pm
- Forum: Personal Consumer Issues
- Topic: Roadtrip: Wisconsin to San Francisco/Yosemite
- Replies: 56
- Views: 7342
Re: Roadtrip: Wisconsin to San Francisco/Yosemite
This is good advice. Most of the better experiences are away from downtown, in my opinion.mrspock wrote: ↑Sat May 22, 2021 4:01 pm Not sure where the Apartment is, but depending on where it's located, it might shatter the romantic impression you have of SF. Try to stick to the Marina district, Pacific Heights or for cheaper areas something like Cole Valley, Inner Sunset. For an absolute story book stay, I recommend the "Lodge at the Presidio" in the national park itself.
- Sat May 22, 2021 3:47 pm
- Forum: Personal Consumer Issues
- Topic: Roadtrip: Wisconsin to San Francisco/Yosemite
- Replies: 56
- Views: 7342
- Sat May 22, 2021 12:14 am
- Forum: Personal Consumer Issues
- Topic: Roadtrip: Wisconsin to San Francisco/Yosemite
- Replies: 56
- Views: 7342
Re: Roadtrip: Wisconsin to San Francisco/Yosemite
SF resident reporting in. While in San Francisco, I recommend you spend a day exploring Golden Gate Park. The park is huge, and there are many attractions. My personal favorites are the Conservatory of Flowers, the Buffalo Paddock, the casting ponds, and Spreckle's Lake (a lake specifically built for sailing model yachts). You can easily spend a full day exploring the park. https://goldengatepark.com/category/attractions If you do spend a day in GGP, consider beginning or ending at the Beach Chalet restaurant. It's one of my favorite places to take visitors. Good food, and excellent views of the ocean. The menu isn't cheap, but it's a great experience nonetheless. https://www.beachchalet.com/ The Marin Headlands are also worth a visit. Muir...
- Thu Apr 29, 2021 12:00 am
- Forum: Personal Investments
- Topic: Cash Balance Plan
- Replies: 33
- Views: 3712
Re: Cash Balance Plan
Ding ding ding. This is not a typcial boglehead move at vanguard that will reduce expenses to 0.01% of assets. There are fees. The tax savings are substantial though, and typically exceed the actuarial and accounting fees by a very meaningful margin.
- Wed Apr 28, 2021 10:47 pm
- Forum: Personal Investments
- Topic: Cash Balance Plan
- Replies: 33
- Views: 3712
Re: Cash Balance Plan
We have a cash balance plan at our practice and I will assume that your accountant and actuary will go over the particulars. In essence, it is a hybrid between a pension plan and a 401K plan (as explained to us). ... Why did the actuary recommend a cash balance plan rather than a defined benefit plan (in either case, presumably in addition to a profit-sharing plan with a 401(k) feature)? Technically, a cash balance plan is a defined benefit plan. It's just dressed up to look like a defined contribution plan (e.g., 401(k)) from the employee's perspective. I would assume the actuary recommended a cash balance plan rather than another defined benefit plan (e.g., traditional final average pay pension) because it's a small business that is just...
- Wed Jan 02, 2019 2:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: Withdrawing Roth for Down Payment
- Replies: 14
- Views: 1249
Re: Withdrawing Roth for Down Payment
Just to clear up any confusion, there are absolutely situations in which taxes/penalties apply to distributions from a Roth account. This is explained in detail by the IRS here.
- Wed Jan 02, 2019 11:27 am
- Forum: Personal Finance (Not Investing)
- Topic: Withdrawing Roth for Down Payment
- Replies: 14
- Views: 1249
Re: Withdrawing Roth for Down Payment
Thank you for the feedback. Good to see that others agree I should leave the Roth alone.
Thanks again everyone. I really appreciate the feedback.
Prior contributions may be withdrawn at any time, but any amount above that (i.e., asset returns) may be subject to an additional tax/penalty.
Yah, the interest rate on the student loan has crept up on me. It used to be 2.75% and tax deductible. I figured i would hold onto the loan as long as possible since the rate was so low. Now that the rate has increased and interest is no longer tax deductible I agree it makes sense to pay it off.
Thanks again everyone. I really appreciate the feedback.
- Tue Jan 01, 2019 9:22 pm
- Forum: Personal Finance (Not Investing)
- Topic: Moving to online banking (Ally)
- Replies: 35
- Views: 2974
Re: Moving to online banking (Ally)
I use Ally and I've been very happy with them. I like receiving a higher interest rate and the reimbursement on ATM withdrawals.
Some of my coworkers have switched over the years. They tell me the process of switching banks is a pain in the butt, but they're happy they did it.
So, I would say go for it. Just be ready for some minor headaches during that first month.
Some of my coworkers have switched over the years. They tell me the process of switching banks is a pain in the butt, but they're happy they did it.
So, I would say go for it. Just be ready for some minor headaches during that first month.
- Tue Jan 01, 2019 8:18 pm
- Forum: Personal Finance (Not Investing)
- Topic: Withdrawing Roth for Down Payment
- Replies: 14
- Views: 1249
Withdrawing Roth for Down Payment
I'm in contract to purchase a condo. In the next couple weeks I need to provide about $125,000 in cash for the down payment. I have about 145,000 in taxable accounts (checking and brokerage). I also have about $100,000 in my Roth account. Since this is a first time home purchase, I understand this is an opportunity to withdraw assets from my Roth account without penalty. Would you recommend withdrawing from the Roth IRA, even though I don't necessarily need to do so? These opportunities don't come up often, so I will at least consider it. Right now I'm inclined to leave the Roth alone. Open to suggestions though. Age: 32 State: CA Tax Filing Status: Single Debts: 10,000 of student loan debt at 4.75%. Mortgage will be about 550,000 at 4.125%...
- Tue Jan 01, 2019 1:34 pm
- Forum: Investing - Theory, News & General
- Topic: Total world allocation?
- Replies: 4
- Views: 992
Re: Total world allocation?
I generally look at the Vanguard Total World Stock ETF (VT) for the allocation. It tracks the FTSE Global All Cap Index. You can find the allocation for the most recent month's end here here . I'm sure there are other more precise or up-to-date ways to find this information, but I've found this approach to be practical. When I wrote this the US allocation was 55.5%. Country Allocation United States 55.5% Japan 8.0% United Kingdom 5.3% Canada 3.0% China 3.0% France 2.9% Germany 2.6% Switzerland 2.5% Australia 2.1% Korea 1.6% Note: This is equities only. Doesn't include a fixed income allocation.
- Sun Nov 04, 2018 3:34 pm
- Forum: Personal Consumer Issues
- Topic: Buy house without agent
- Replies: 55
- Views: 5560
Re: Buy house without agent
Or, the agent wasted OP's time by showing houses OP wasn't interested in purchasing. If OP found the house on their own then I don't see any reason to pay the agent.
- Tue Aug 21, 2018 4:08 pm
- Forum: Personal Investments
- Topic: What should I do with my pension lump sum?
- Replies: 11
- Views: 1442
Re: What should I do with my pension lump sum?
Consider taking it as an annuity?
- Sun Aug 19, 2018 5:46 pm
- Forum: Personal Investments
- Topic: Cash Balance Pension to non-COLA Annuity
- Replies: 2
- Views: 537
Re: Cash Balance Pension to non-COLA Annuity
Yes. You usually get a better-than-market deal on the annuity if you do it within the plan.
- Mon Jul 23, 2018 1:15 pm
- Forum: Personal Finance (Not Investing)
- Topic: Please - Need Help With Pension Plan Options
- Replies: 16
- Views: 1545
Re: Please - Need Help With Pension Plan Options
As another poster already commented, these are likely all equivalent in terms of value. I think you should pick the option that makes the most sense for your situation. Probably options (1), (2), or (3). The level income options don't seem to do a very good job of leveling out your income if they are not adjusted for inflation and he plans to take SS at age 70.
- Mon Jul 23, 2018 12:16 pm
- Forum: Personal Investments
- Topic: Mega Backdoor Roth: automatic quarterly Roth In-plan conversion and transfer to private Roth IRA
- Replies: 10
- Views: 2057
Re: Mega Backdoor Roth: automatic quarterly Roth In-plan conversion and transfer to private Roth IRA
tax-wise, i don't believe there is any difference between an in-plan conversion versus a rollover to your personal Roth IRA. You have a bit more control in the Roth IRA but you may also have slightly higher expense ratios that way. I realize most expect that the expense ratios will be higher in the 401(k), but at my mega corp we have negotiated extremely competitive shares (e.g. 0.01% for a S&P 500 index fund).
- Sat Jul 21, 2018 4:39 pm
- Forum: Personal Investments
- Topic: Pension Lump Sum: Short-term bonds?
- Replies: 37
- Views: 2766
Re: Pension Lump Sum: Short-term bonds?
Do you have to take it as a lump sum now?
- Fri Jul 20, 2018 5:05 pm
- Forum: Personal Consumer Issues
- Topic: Heart Rate Monitors Fitbit vs. Garmin
- Replies: 33
- Views: 4152
Re: Heart Rate Monitors Fitbit vs. Garmin
i love my Garmin Fenix 3. Would absolutely buy another Garmin.
No experience with Fitbit.
No experience with Fitbit.
- Thu Jul 05, 2018 12:04 am
- Forum: Investing - Theory, News & General
- Topic: Are options, futures good investments?
- Replies: 19
- Views: 2673
Re: Are options, futures good investments?
I agree with this. Triple leveraged funds are almost certainly a terrible idea. The leverage resets daily. That makes long-term losses almost a certainty -- it's just the way the math works out. You should never buy one of these for more than a day. Without advocating that investors use 3x leveraged funds, I want to point out that this statement ("That makes long-term losses almost a certainty") isn't true. The reset mechanism can definitely put a damper on returns relative to the leverage goal (i.e. your long-term returns are almost certain to be noticeably less than 3x the compound return of the underlying index). That's not the same thing as creating a loss, though. The ProShares UltraPro S&P500 ETF (ticker UPRO), a 3x lev...
- Sat Jun 30, 2018 9:57 pm
- Forum: Investing - Theory, News & General
- Topic: Are options, futures good investments?
- Replies: 19
- Views: 2673
Re: Are options, futures good investments?
Options and futures are useful IMO. Boglehead purists will never own either and that's fine too. I don't see any constructive use for a triple leveraged ETF for an individual investor. If you're just starting out, I would encourage you not to overthink it, because you don't have the knowledge base to evaluate what you are doing. You will come to understand that eventually even if you do not understand that now. Buy and hold low cost total market index ETFs. I agree with this. Triple leveraged funds are almost certainly a terrible idea. The leverage resets daily. That makes long-term losses almost a certainty -- it's just the way the math works out. You should never buy one of these for more than a day. If you're looking for long-term lever...
- Tue Jun 26, 2018 12:10 pm
- Forum: Personal Consumer Issues
- Topic: Reason for Airlines horrible ticket policy
- Replies: 32
- Views: 2874
Re: Reason for Airlines horrible ticket policy
It's not a free market.
Imagine if passengers could sell their tickets back to the airlines or to other passengers.
Imagine if passengers could sell their tickets back to the airlines or to other passengers.
- Mon Jun 25, 2018 3:19 pm
- Forum: Investing - Theory, News & General
- Topic: New York Times on current yield curve as powerful signal of recession
- Replies: 44
- Views: 5246
Re: New York Times on current yield curve as powerful signal of recession
The current yield curve is not inverted.
Maybe I'm missing something?
Maybe I'm missing something?
- Sat Mar 24, 2018 9:58 pm
- Forum: Personal Investments
- Topic: Self-insuring for healthcare - how would you invest
- Replies: 36
- Views: 4163
Re: Self-insuring for healthcare - how would you invest
I'd pay for a health insurance policy and invest the rest in stocks/bonds.
- Wed Mar 21, 2018 4:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: Cash Balance Defined Benefit Plan
- Replies: 26
- Views: 4738
Re: Cash Balance Defined Benefit Plan
Assets can also be rolled into a 401(k), assuming the 401(k) accepts incoming transfers.shawn_lad wrote: ↑Wed Mar 21, 2018 4:38 pm Thanks for a great thread! Wanted to follow up with a couple questions here.
After the conversion, would not accumulated funds likely go to traditional IRA making future back-door a big headache?AustinAttorney wrote: ↑Fri Feb 24, 2017 10:56 am ...
the firm will terminate it within 5-7 years after establishing the plan, thus giving the partners the ability to perform such a rollover (presumably for some, into a qualified account
...
* Already max out all other tax-advantaged accounts (... back-door IRA, ...).
- Fri Mar 16, 2018 3:07 am
- Forum: Personal Investments
- Topic: Interactive Brokers IB Key Exasperations?!
- Replies: 5
- Views: 1110
Re: Interactive Brokers IB Key Exasperations?!
I haven't tried to remove any funds yet. I'm still able to log into the web interface with my PC though.
- Fri Mar 16, 2018 1:36 am
- Forum: Personal Investments
- Topic: Interactive Brokers IB Key Exasperations?!
- Replies: 5
- Views: 1110
Re: Interactive Brokers IB Key Exasperations?!
I find the new key, the one that is integrated with the trading app, to be better than the prior solution.
- Sat Mar 10, 2018 5:05 pm
- Forum: Personal Investments
- Topic: Rent Vs. Buy Spreadsheet
- Replies: 1
- Views: 607
Rent Vs. Buy Spreadsheet
Does anyone have a recommended spreadsheet for Rent vs. Buy decisions that has been updated for tax reform? I'm looking for one that takes into account the cap on property tax deductions and the new limitation on interest deductions for loans larger than $750,000.
- Tue Feb 06, 2018 9:09 am
- Forum: Investing - Theory, News & General
- Topic: Inverse VIX ETN down 80% after hours
- Replies: 42
- Views: 7305
- Mon Feb 05, 2018 7:47 pm
- Forum: Investing - Theory, News & General
- Topic: Inverse VIX ETN down 80% after hours
- Replies: 42
- Views: 7305
Re: Inverse VIX ETN down 80% after hours
Thanksdesafinado wrote: ↑Mon Feb 05, 2018 7:46 pmXIV is based off VIX futures, not the spot VIX. So a large change in the spot VIX wouldn't necessarily drive it to zero.
- Mon Feb 05, 2018 7:47 pm
- Forum: Investing - Theory, News & General
- Topic: Inverse VIX ETN down 80% after hours
- Replies: 42
- Views: 7305
Re: Inverse VIX ETN down 80% after hours
Nevermind. looks like this is linked to VIX futures, not the index itself. Apparently the futures on VIX didn't go up 100% today. Quite a bit less actually.
But yeah, seems like something may be broken.
- Mon Feb 05, 2018 7:45 pm
- Forum: Investing - Theory, News & General
- Topic: Inverse VIX ETN down 80% after hours
- Replies: 42
- Views: 7305
Re: Inverse VIX ETN down 80% after hours
potentially stupid question here...
VIX was up more than 100% today. Doesn't it make sense XIV would go to zero?
VIX was up more than 100% today. Doesn't it make sense XIV would go to zero?
- Thu Feb 01, 2018 1:31 pm
- Forum: Personal Consumer Issues
- Topic: Wireless Earbuds For Running (Updates for 2018?)
- Replies: 36
- Views: 4058
Re: Wireless Earbuds For Running (Updates for 2018?)
Bone Conduction.
Several of the members in my running group use Aftershokz. I understand you can still hear ambient noise (since your ear isn't covered) and the sound quality is "good enough".
EDIT: Supposedly these are good for biking too.
Several of the members in my running group use Aftershokz. I understand you can still hear ambient noise (since your ear isn't covered) and the sound quality is "good enough".
EDIT: Supposedly these are good for biking too.
- Sat Jan 27, 2018 3:59 pm
- Forum: Investing - Theory, News & General
- Topic: Who is buying 20 and 30 year bonds?
- Replies: 15
- Views: 2978
Re: Who is buying 20 and 30 year bonds?
I think you underestimate the portion of the market that is held by large institutional pension investors.
- Thu Jan 18, 2018 3:56 pm
- Forum: US Chapters
- Topic: What are some good, older threads?
- Replies: 20
- Views: 3928
Re: What are some good, older threads?
A different approach to asset allocation
Econ student levers his portfolio to the max right before the 2008 crash based on advice from this book. Doubles down as things start to turn south. Slowly crawls his way back.
It's a great read.
Econ student levers his portfolio to the max right before the 2008 crash based on advice from this book. Doubles down as things start to turn south. Slowly crawls his way back.
It's a great read.
- Sat Jan 13, 2018 3:19 pm
- Forum: Personal Consumer Issues
- Topic: Men's MUST iron dress shirt recommendations
- Replies: 49
- Views: 8757
Re: Men's MUST iron dress shirt recommendations
I like the "Hyde Park" shirts at Lands End, but in mu experience they need to be tailored. Too much fabric, even on the "tailored" fit version.
- Fri Dec 29, 2017 11:58 pm
- Forum: Investing - Theory, News & General
- Topic: Quarter end last minute sell-off again! How to leverage as much as possible next time?
- Replies: 7
- Views: 1601
Re: Quarter end last minute sell-off again! How to leverage as much as possible next time?
Sell futures or purchase some out of the money puts.
Enjoy your 100% guaranteed return
Enjoy your 100% guaranteed return
- Wed Dec 27, 2017 6:18 pm
- Forum: Personal Investments
- Topic: Buy And Hold Leveraged ETFs
- Replies: 5
- Views: 1335
Re: Buy And Hold Leveraged ETFs
Bingo.
Let's look at a quick example where the market goes up 10% in day one then down 9% in day two.
In this example the market went up 1% over a 2 day period. Most would expect the 3x leveraged fund to be up 3% but instead it actually lost 5% (that's (1+3*10%)*(1-3*9%) = 0.949).
No to mention the high expenses.
- Wed Dec 27, 2017 5:58 pm
- Forum: Personal Investments
- Topic: Buy And Hold Leveraged ETFs
- Replies: 5
- Views: 1335
Re: Buy And Hold Leveraged ETFs
Definitely do not do this.
Most of these ETFs reset the leverage daily, which makes it nearly a mathematical certainty that your strategy will not work.
Even the SEC and the fund managers advise against this strategy:
https://www.sec.gov/investor/pubs/lever ... -alert.htm
If you really want to lever your portfolio for the long term then i suggest you look into LEAPs or futures.
-g$$
Most of these ETFs reset the leverage daily, which makes it nearly a mathematical certainty that your strategy will not work.
Even the SEC and the fund managers advise against this strategy:
https://www.sec.gov/investor/pubs/lever ... -alert.htm
If you really want to lever your portfolio for the long term then i suggest you look into LEAPs or futures.
-g$$
- Fri Dec 22, 2017 6:28 pm
- Forum: Investing - Theory, News & General
- Topic: What is or was your target multiplier (_ x annual expenses) for retirement?
- Replies: 41
- Views: 6891
Re: What is or was your target multiplier (_ x annual expenses) for retirement?
Somewhere around 17-20 times expenses.
I don't know why you would need 50 or 85 times the annual expenditure. That seems like an unnecessarily large allocation of resources to me.
I don't know why you would need 50 or 85 times the annual expenditure. That seems like an unnecessarily large allocation of resources to me.
- Thu Dec 14, 2017 2:15 am
- Forum: Investing - Theory, News & General
- Topic: ESPP - Would you participate and what's your strategy
- Replies: 28
- Views: 4890
Re: ESPP - Would you participate and what's your strategy
max it out, sell, rinse and repeat.