Search found 1296 matches

by Clever_Username
Mon May 13, 2019 4:56 pm
Forum: Investing - Theory, News & General
Topic: Any conservative young investors?
Replies: 68
Views: 6295

Re: Any conservative young investors?

By the standards of this forum, I'm probably young. I'll be 36 next month. I'm at age in bonds. I will be until at least I get through a serious downturn (last December didn't quite do it for me) and I know how I'll react. If I react well, or even get into the "hmm, I wish I had a higher percent in ...
by Clever_Username
Mon May 06, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: College credit for HS courses or not?
Replies: 49
Views: 2110

Re: College credit for HS courses or not?

I didn't get as much college credit from high school (I wish I had known in high school that I had the option, but that's besides the point here). But I have seen students who get out of a lot of major requirements but then get to take electives to fulfill the residency requirement. So if your son g...
by Clever_Username
Sun May 05, 2019 11:36 pm
Forum: Personal Investments
Topic: Boglehead investing through a major downturn
Replies: 36
Views: 3660

Re: Boglehead investing through a major downturn

We were 100% stock in '08. It hurt...a lot. Our business is construction and we lost 70% of our revenue. There was blood in the streets. We had to stop contributions for a couple years. We were not even sure if we had a viable business. Recovery came and we rebalanced to 70-30 in '14. That felt a l...
by Clever_Username
Sun May 05, 2019 3:13 pm
Forum: Personal Investments
Topic: Boglehead investing through a major downturn
Replies: 36
Views: 3660

Re: Boglehead investing through a major downturn

We were 100% stock in '08. It hurt...a lot. Our business is construction and we lost 70% of our revenue. There was blood in the streets. We had to stop contributions for a couple years. We were not even sure if we had a viable business. Recovery came and we rebalanced to 70-30 in '14. That felt a l...
by Clever_Username
Fri May 03, 2019 9:37 am
Forum: Investing - Theory, News & General
Topic: How to Think About Money--Should be required reading for Bogleheads
Replies: 14
Views: 3462

Re: How to Think About Money--Should be required reading for Bogleheads

I don't think I had heard of it before, but I'll aim to read it this summer.
by Clever_Username
Tue Apr 30, 2019 11:40 pm
Forum: Personal Consumer Issues
Topic: 4 Gorgeous Beach Towns Where You Can Comfortably Retire on $40,000 a Year
Replies: 55
Views: 7871

Re: 4 Gorgeous Beach Towns Where You Can Comfortably Retire on $40,000 a Year

I don't get the obsession with beach towns. There are so many parts of the greater Phoenix area that one can live comfortably in retirement on $40,000/year and the weather is perfect 365 days a year. I can live without going in the water -- and when I'm golfing, I prefer to stay out of it anyway. N...
by Clever_Username
Tue Apr 30, 2019 6:43 pm
Forum: Personal Consumer Issues
Topic: 4 Gorgeous Beach Towns Where You Can Comfortably Retire on $40,000 a Year
Replies: 55
Views: 7871

Re: 4 Gorgeous Beach Towns Where You Can Comfortably Retire on $40,000 a Year

I don't get the obsession with beach towns. There are so many parts of the greater Phoenix area that one can live comfortably in retirement on $40,000/year and the weather is perfect 365 days a year. I can live without going in the water -- and when I'm golfing, I prefer to stay out of it anyway.
by Clever_Username
Tue Apr 30, 2019 2:56 pm
Forum: Personal Consumer Issues
Topic: Another Advantage of Being a Boglehead
Replies: 27
Views: 2101

Re: Another Advantage of Being a Boglehead

Has anyone else noticed this phenomenon? If so, I'd be interested in hearing your stories. Yup. My car is over ten years old, has a bunch of miles, and the dealership knows I'm a "teacher" (they don't know any more details than that of my job). I seem to never get an overly expensive repair bill.
by Clever_Username
Tue Apr 30, 2019 2:38 pm
Forum: Investing - Theory, News & General
Topic: 457 rollover and general rollover considerations
Replies: 12
Views: 605

Re: 457 rollover and general rollover considerations

The 457b pre-tax accounts total ~40k. So, not a huge amount. My roth balances are larger (which I purposely done so for tax reasons - moving forward I will focus on pre-tax contributions). That depends on your lifestyle. $40k would cover most of my expenses for a year, even if taxed as ordinary inc...
by Clever_Username
Tue Apr 30, 2019 10:59 am
Forum: Investing - Theory, News & General
Topic: 457 rollover and general rollover considerations
Replies: 12
Views: 605

Re: 457 rollover and general rollover considerations

The 457b pre-tax accounts total ~40k. So, not a huge amount. My roth balances are larger (which I purposely done so for tax reasons - moving forward I will focus on pre-tax contributions). That depends on your lifestyle. $40k would cover most of my expenses for a year, even if taxed as ordinary inc...
by Clever_Username
Tue Apr 30, 2019 12:01 am
Forum: Investing - Theory, News & General
Topic: 457 rollover and general rollover considerations
Replies: 12
Views: 605

Re: 457 rollover and general rollover considerations

Is your 457 a governmental or non-governmental one? If it's governmental, you probably want to keep it as a 457, because you can turn it into income easily, a benefit you lose if you roll it over. Sure, you might not think you'd use that, but having some money stashed aside, growing tax-free, that c...
by Clever_Username
Mon Apr 29, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Why do most people hate/dread learning about money and is there a good book for helping them?
Replies: 78
Views: 4882

Re: Why do most people hate/dread learning about money and is there a good book for helping them?

ohai wrote:
Mon Apr 29, 2019 9:06 am
Little do they know that the advisor is probably doing things that can be summarized in 1 page of writing.
Yep, there's the classic one from The Way of the Weasel (Adams 2002) : https://www.mymoneyblog.com/dilberts-on ... ncial.html
by Clever_Username
Sun Apr 28, 2019 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Why do most people hate/dread learning about money and is there a good book for helping them?
Replies: 78
Views: 4882

Re: Why do most people hate/dread learning about money and is there a good book for helping them?

Blame it on our educational system in this country. No idea why people are so overwhelmed by math. I’m an engineer dad trying to get my kids as comfortable as possible with numbers and to think math and science are “cool”. They need convincing of that? I always thought everyone agreed math and scie...
by Clever_Username
Wed Apr 24, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: What happens to money in a 457 after leaving?
Replies: 23
Views: 3228

Re: What happens to money in a 457 after leaving?

As others said, they differ from university to university. I also have 457b at a nonprofit university. I contacted HR and asked about the terms of my 457(b) contract. upon termination, in my contract, I have 3 options: 1. installment pmt 2. lumpsum pmt 3. annuity pmt There's no option to rollover t...
by Clever_Username
Fri Apr 19, 2019 10:17 am
Forum: Investing - Theory, News & General
Topic: Consensus on I Bonds for 2019?
Replies: 67
Views: 10698

Re: Consensus on I Bonds for 2019?

I worry that somehow my beneficiaries will not know about my Treasury Direct account. Banks send electronic statements (and you can grant access to email), and usually paper statements. The Treasury doesn't say a peep. I have a google doc, shared with our 3 kids and my spouse, that lists all accoun...
by Clever_Username
Wed Apr 17, 2019 10:12 am
Forum: Personal Investments
Topic: UC funds approximation of the total stock market
Replies: 8
Views: 739

Re: UC funds approximation of the total stock market

mbg612 wrote:
Tue Apr 16, 2019 11:23 pm
Thanks! I do have access to brokerage-link. Any downsides to consider? It doesn't really seem there are additional fees.
Is it a hassle to use that? If there's no fees and you can just grab Fidelity's version of total stock market, I would speculate it's a good idea.
by Clever_Username
Tue Apr 16, 2019 4:51 pm
Forum: Personal Investments
Topic: (Another) Should I invest in my non-govermental 457 (b) or something else?
Replies: 18
Views: 1110

Re: (Another) Should I invest in my non-govermental 457 (b) or something else?

I think for now I will NOT contribute to my 457 (b) for these reasons: -I'm young and chances are I will not be at this job when I retire. -risk of losing it if employer goes bankrupt and its lack of protection (first in line). (even though I cannot find an example of this happening to a physician)...
by Clever_Username
Tue Apr 16, 2019 9:29 am
Forum: Personal Investments
Topic: Creating 3-fund portfolio in 457 plan help
Replies: 17
Views: 629

Re: Creating 3-fund portfolio in 457 plan help

Do you feel like there are advantages to not hold all 3 funds in the 457? I haven't given it much thought yet as I'm not yet eligible for my employer's 457 (private school). But if the plan is to retire pre-59.5, then I think there's some value in figuring out a way to have some number of years' ex...
by Clever_Username
Mon Apr 15, 2019 2:56 pm
Forum: Personal Investments
Topic: Creating 3-fund portfolio in 457 plan help
Replies: 17
Views: 629

Re: Creating 3-fund portfolio in 457 plan help

Question from an observer: why do you want a 3-fund portfolio in your 457? Is the idea to treat the pile of money separately because it's a separate account you can tap before you turn 59.5?
by Clever_Username
Mon Apr 15, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 9991

Re: seriously thinking about leaving S. CA but where to?

Glad so many people are saying Scottsdale, AZ. When I leave California, that's where I'm moving to. Two great professional football teams nearby and the weather permits you to play golf 365 days a year.
by Clever_Username
Sun Apr 14, 2019 1:12 pm
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 7182

Re: If you have plenty of money, why not 100% stocks in retirement?

To revise my original question, I probably would do 100% stock. I think it'd be wise to have 5 years living expenses in stable value money, and then 100% stocks for all remainder. That way, I have enough living expenses to weather almost all of the possible downturns and stay the course until the u...
by Clever_Username
Sun Apr 14, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: What happens to money in a 457 after leaving?
Replies: 23
Views: 3228

Re: What happens to money in a 457 after leaving?

Huh, this thread is telling me I have been picturing governmental 457s incorrectly. I viewed it like a 403(b), except when you leave employment, you can take distributions (at your convenience, whenever you want for the amount you want) without the pre-59.5 penalty. It looks like this is not the ca...
by Clever_Username
Sun Apr 14, 2019 9:44 am
Forum: Personal Investments
Topic: If you have plenty of money, why not 100% stocks in retirement?
Replies: 107
Views: 7182

Re: If you have plenty of money, why not 100% stocks in retirement?

General allocation advice is given with the idea in mind of having a good amount of money, but not necessarily far more than needed. Once you've "won the game," your ability and need to take risk changes. For example, suppose you pass 25x expenses and decide to keep working. Do you keep the same ass...
by Clever_Username
Sun Apr 14, 2019 8:20 am
Forum: Personal Finance (Not Investing)
Topic: What happens to money in a 457 after leaving?
Replies: 23
Views: 3228

Re: What happens to money in a 457 after leaving?

Huh, this thread is telling me I have been picturing governmental 457s incorrectly. I viewed it like a 403(b), except when you leave employment, you can take distributions (at your convenience, whenever you want for the amount you want) without the pre-59.5 penalty. It looks like this is not the cas...
by Clever_Username
Sat Apr 13, 2019 4:10 pm
Forum: Personal Investments
Topic: Savings by 30?
Replies: 45
Views: 5906

Re: Savings by 30?

At 30, I technically had student loans left but at absurdly low interest rates. I had maxed out my 401(k) the prior year, plus had been on track to do so for that year (I changed jobs, happily taking a layoff two weeks before my 30th birthday). I also had put money into IRAs for a few years, and had...
by Clever_Username
Sat Apr 13, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: A little confused on graded vesting
Replies: 10
Views: 619

Re: A little confused on graded vesting

Thank you everyone. We appreciate the clarification.
by Clever_Username
Sat Apr 13, 2019 8:34 am
Forum: Personal Investments
Topic: Process for rolling IRA *into* workplace plan
Replies: 34
Views: 1843

Re: Process for rolling IRA *into* workplace plan

One (hopefully) last question: why do I have until October 15 to send in the stand-alone form? I did not file for an extension. You can send in the form late. Technically the IRS can charge a fine, but reports are that they never do. People have sent in several year's worth of 8606 forms at once. A...
by Clever_Username
Fri Apr 12, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: A little confused on graded vesting
Replies: 10
Views: 619

Re: A little confused on graded vesting

LadyGeek wrote:
Fri Apr 12, 2019 8:27 pm
This thread is now in the Personal Finance (Not Investing) forum (employer retirement plan).
Thank you. I wasn't sure which it belonged in and looks like I picked wrong among the two choices. Sorry for the inconvenience.
by Clever_Username
Fri Apr 12, 2019 6:09 pm
Forum: Personal Investments
Topic: Process for rolling IRA *into* workplace plan
Replies: 34
Views: 1843

Re: Process for rolling IRA *into* workplace plan

Update: I now have $0.00 in my rollover IRA and my traditional IRA. The money is safely in my employment plan. I have not made my 2018 IRA contribution because I thought I couldn't backdoor Roth (and I cannot traditional Roth). However, I have already filed my taxes. Can I do 2018? Or should I just...
by Clever_Username
Fri Apr 12, 2019 5:07 pm
Forum: Personal Investments
Topic: Process for rolling IRA *into* workplace plan
Replies: 34
Views: 1843

Re: Process for rolling IRA *into* workplace plan

There is only one form 8606 per year. If you make your n-d-tIRA contribution for 2019 in cslendar year 2019, as I said, that goes in on line 1 of 2019 form 8606. That is the basis you added in 2019. Line 2 is usually carryover of the basis from previous years, which in this case is $5500, which you...
by Clever_Username
Fri Apr 12, 2019 3:51 pm
Forum: Personal Investments
Topic: Process for rolling IRA *into* workplace plan
Replies: 34
Views: 1843

Re: Process for rolling IRA *into* workplace plan

Great! I didn’t realize you had some money market fund already at Vanguard, I usually transfer money from my bank account. Now that the contribution is accomplished, simply print out Form 8606, fill it out and send it in. Line 1 on the form would be $5500 (your basis), Lune 2 would be zero (no prio...
by Clever_Username
Fri Apr 12, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - how confident are you?
Replies: 117
Views: 8151

Re: 4% SWR - how confident are you?

Yes, it is refreshing to hear from someone who isn't overly pessimistic. While watching that video, I was thinking about the argument that high valuations should lead to a lower SWR going forward, but despite the most cited valuation metric, CAPE, having been 'historically high' since 1992, retiree...
by Clever_Username
Fri Apr 12, 2019 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: A little confused on graded vesting
Replies: 10
Views: 619

Re: A little confused on graded vesting

Excellent, thank you both!
by Clever_Username
Fri Apr 12, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: A little confused on graded vesting
Replies: 10
Views: 619

A little confused on graded vesting

I had a discussion with a friend yesterday and we are a little confused. Looking up terms did not help us very much (I am now more confused). We are both teachers at a private school that has a 403(b). The employer portion is very nice, and includes a non-elective match -- whether you contribute or ...
by Clever_Username
Fri Apr 12, 2019 1:16 pm
Forum: Personal Investments
Topic: Process for rolling IRA *into* workplace plan
Replies: 34
Views: 1843

Re: Process for rolling IRA *into* workplace plan

Now that it is empty, yes you can use it again. I suggest, if you have funds to do do, contribute $6000 for 2019 too. Should be quick, I think, a couple of mouse clicks, if your bank account is already linked. Hmm... is there an easy way to do this from my money market account at Vanguard instead? ...
by Clever_Username
Fri Apr 12, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - how confident are you?
Replies: 117
Views: 8151

Re: 4% SWR - how confident are you?

Yes, it is refreshing to hear from someone who isn't overly pessimistic. While watching that video, I was thinking about the argument that high valuations should lead to a lower SWR going forward, but despite the most cited valuation metric, CAPE, having been 'historically high' since 1992, retiree...
by Clever_Username
Fri Apr 12, 2019 12:33 pm
Forum: Personal Investments
Topic: Process for rolling IRA *into* workplace plan
Replies: 34
Views: 1843

Re: Process for rolling IRA *into* workplace plan

Now that it is empty, yes you can use it again. I suggest, if you have funds to do do, contribute $6000 for 2019 too. Should be quick, I think, a couple of mouse clicks, if your bank account is already linked. Hmm... is there an easy way to do this from my money market account at Vanguard instead? ...
by Clever_Username
Fri Apr 12, 2019 10:31 am
Forum: Personal Investments
Topic: Process for rolling IRA *into* workplace plan
Replies: 34
Views: 1843

Re: Process for rolling IRA *into* workplace plan

There is a 1099-R form for the rollover that you will get next year, since the rollover happened in 2019. Make sure the code is marked as “G”, indicating a direct trustee to trustee rollover. Else the IRS think you withdrew everything from the previous IRA and comes asking for taxes. The mechanics ...
by Clever_Username
Fri Apr 12, 2019 10:11 am
Forum: Personal Investments
Topic: Process for rolling IRA *into* workplace plan
Replies: 34
Views: 1843

Re: Process for rolling IRA *into* workplace plan

Update: I now have $0.00 in my rollover IRA and my traditional IRA. The money is safely in my employment plan. I have not made my 2018 IRA contribution because I thought I couldn't backdoor Roth (and I cannot traditional Roth). However, I have already filed my taxes. Can I do 2018? Or should I just...
by Clever_Username
Fri Apr 12, 2019 9:35 am
Forum: Personal Investments
Topic: What % bonds for early retirement
Replies: 41
Views: 3687

Re: What % bonds for early retirement

I'm on path to be FI before 50 as well, TA, and I'm sticking with age in bonds. If your plans involve not only FI, but having a long retirement, you need the ballast.
by Clever_Username
Fri Apr 12, 2019 9:28 am
Forum: Personal Investments
Topic: Process for rolling IRA *into* workplace plan
Replies: 34
Views: 1843

Re: Process for rolling IRA *into* workplace plan

Update: I now have $0.00 in my rollover IRA and my traditional IRA. The money is safely in my employment plan. I have not made my 2018 IRA contribution because I thought I couldn't backdoor Roth (and I cannot traditional Roth). However, I have already filed my taxes. Can I do 2018? Or should I just ...
by Clever_Username
Sun Apr 07, 2019 10:47 am
Forum: Personal Investments
Topic: Hit your number, retire and boom a correction?
Replies: 67
Views: 8136

Re: Hit your number, retire and boom a correction?

WillRetire wrote:
Sun Apr 07, 2019 9:49 am
3 years in cash is good, but even better is "n" years in cash+bonds. IMO "n" should be at least 10 to cover a prolonged market downturn.
If n < 10 at the start, then someone is probably starting retirement with over 60% stocks. That'd scare me.
by Clever_Username
Sun Apr 07, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: "Worried about being pushed into 'higher tax bracket' "
Replies: 25
Views: 2047

Re: "Worried about being pushed into 'higher tax bracket' "

Yup. Despite being in the 32% marginal bracket (9.3% state), my effective federal tax for 2018 was 18.6% and state 6.5%. But I don't know how someone would or should know how marginal brackets work until they are told. I recently gave an in-class exercise related to computing tax due based on margin...
by Clever_Username
Fri Apr 05, 2019 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6756

Re: Boglehead teachers or those married to one: some questions about career and life...

texasdiver wrote:
Fri Apr 05, 2019 9:46 pm
Definitely read the SS web site regulations related to this if it is something you are going to do so you don't make a mistake.
I certainly will. I have plenty of time; I'm in my mid-30s right now.
by Clever_Username
Fri Apr 05, 2019 4:46 pm
Forum: Personal Investments
Topic: Pros or Cons of Moving 401K to 457B
Replies: 22
Views: 1447

Re: Pros or Cons of Moving 401K to 457B

Hi, I called Fidelity who is managing my current 457b about rolling my 401K plan from another administrator into 457b. I specifically asked about the penalty free withdrawal of the 457b if I leave my current employer before reaching 59.5. Fidelity rep said the rollover amount will be tracked and mi...
by Clever_Username
Fri Apr 05, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6756

Re: Boglehead teachers or those married to one: some questions about career and life...

No, WEP only applies to traditional public pension programs that don't pay into social security. Not 403(b) or 457 plan savings you might have made while working in a non social security job. When the social security program was first established in the 1930s there were a variety of existing public...
by Clever_Username
Thu Apr 04, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6756

Re: Boglehead teachers or those married to one: some questions about career and life...

Well, look at that, I learned something today! OP, teacher here but have nothing really to add to the conversation. I'm well-compensated in a fairly LCOL area. I feel "trapped" by the fact that I will suffer quite the monetary loss if I were to try to move or change jobs, but I'm in my home distric...
by Clever_Username
Thu Apr 04, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Federal tax refund? What are you doing with it?
Replies: 54
Views: 2446

Re: Federal tax refund? What are you doing with it?

If I had a refund, I'd treat it as any other money coming in and invest it according to my IPS. However, I am fortunately not getting a refund.
by Clever_Username
Wed Apr 03, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Boglehead teachers or those married to one: some questions about career and life...
Replies: 101
Views: 6756

Re: Boglehead teachers or those married to one: some questions about career and life...

Some states will not allow professors in public universities to be hired with tenure, no matter what their credentials are. Yikes! Which states are those? I don't think the UC system has that policy (and in fact, I think I know some UC professors who were hired with tenure), but I'm curious which o...
by Clever_Username
Tue Apr 02, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: Series I Savings Bonds Buying Opportunity
Replies: 52
Views: 9269

Re: Series I Savings Bonds Buying Opportunity

tindel wrote:
Tue Apr 02, 2019 1:33 pm

November could offer a better rate than 0.5%. :greedy It's hard to predict 6 months into the future.
True, but even if we max out 2019 before then, we have the opportunity to buy those in 2020.