Search found 1316 matches

by Clever_Username
Thu Sep 12, 2019 11:02 am
Forum: Investing - Theory, News & General
Topic: Not market timing is hard
Replies: 29
Views: 2638

Re: Not market timing is hard

I find it works best to tune out noise. I will periodically want to check the valuations, or to watch a morning financial show, etc. I find watching Morning Drive when I'm home and want to put on the TV in the AM helps quite a bit.
by Clever_Username
Mon Sep 09, 2019 12:40 pm
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 216
Views: 21146

Re: Index Funds Bubble? [Michael Burry article]

I still don't understand: 1) Does this "index fund bubble" apply to bond indices like BND as well? 2) So now that indexing has become "overcrowded" and mainstream, what alternatives as there? What do we do? 3) Do we reduce risk by increasing bond allocation? If index problem Burry describes applies...
by Clever_Username
Sun Sep 08, 2019 12:41 am
Forum: Personal Investments
Topic: Is it a right time to start invest ?
Replies: 27
Views: 2607

Re: Is it a right time to start invest ?

Yes, it's a great time. I've been hearing noise -- and that's all it is, noise -- about the coming recession for about eight years now. One of these days, the folks predicting it will be right and there will be one, and they'll claim they told me so, and they will have predicted fifteen of the last ...
by Clever_Username
Sat Sep 07, 2019 12:32 am
Forum: Personal Investments
Topic: Bond fund in taxable account
Replies: 28
Views: 4167

Re: Bond fund in taxable account

My overall bond allocation is currently roughly 50% CA Intermed-term, just slightly more than enough for Admiral shares, and the other half is Series I Bonds. Due to a windfall (profit from selling a home and moving), the money I'm about to put into my portfolio will cause Intermed-term to be about...
by Clever_Username
Fri Sep 06, 2019 9:03 am
Forum: Personal Investments
Topic: Bond fund in taxable account
Replies: 28
Views: 4167

Re: Bond fund in taxable account

I recollect seeing here in the past, that muni bonds should be limited to a certain % of the overall portfolio. Is this true? I'd like to hear the answer to this question, too, please. Some have said only keep 50% of bonds in munis, probably for diversification purposes, but I think that must depen...
by Clever_Username
Wed Sep 04, 2019 3:58 pm
Forum: Investing - Theory, News & General
Topic: For those who have bonds in taxable, why and which ones?
Replies: 42
Views: 3434

Re: For those who have bonds in taxable, why and which ones?

My total portfolio is more than my tax-advantaged space available, so I have to put something in taxable. Part of my conservative assets is my Series I Bonds, where I don't have a choice except taxable (although they offer a weak tax break, better than nothing). This is true wherever you live in the...
by Clever_Username
Wed Sep 04, 2019 3:43 pm
Forum: Investing - Theory, News & General
Topic: Index Funds Bubble? [Michael Burry article]
Replies: 216
Views: 21146

Re: The Big Short's Michael Burry on why index funds are like subprime CDOs - why is he wrong?

That's not true. Take an extreme case. Say a company is about to be de-listed from the index. Active fund can sell this company beforehand through market research, thus avoid the bleeding. Index fund can't. Index investing punishes bad companies to the exact degree that the active community punishe...
by Clever_Username
Sat Aug 31, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Minimum to keep in checking account?
Replies: 40
Views: 3131

Re: Minimum to keep in checking account?

I keep maybe $5k-$6k in my checking. That's minimum balance + a month's expenses. I'm going to reduce that soon, as my monthly expenses are dropping soon (moving, new mortgage is much less expensive than my current one), plus I'm getting whatever the opposite of direct deposit is (mortgage deducted ...
by Clever_Username
Fri Aug 30, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Max out 401K for 2019 at new Job?
Replies: 15
Views: 1673

Re: Max out 401K for 2019 at new Job?

My first year out of post-doc, I maxed out my 401(k). The limit that year was $17,000 and I had ten paychecks with which to do this, so $1700/paycheck went into it. One HR person tried to caution me that this would mean I'd have less money in every paycheck, and am I sure I want to do that? I'm gene...
by Clever_Username
Thu Aug 29, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: While there is a high school question - my daughter wants to graduate early
Replies: 76
Views: 3560

Re: While there is a high school question - my daughter wants to graduate early

I wish I had done this. I learned, well after I finished high school, that I could have taken courses at a community college instead of my high school for half my curriculum my senior year. With a little more foreplanning, I could have graduated a year earlier instead (I graduated at 17 years old). ...
by Clever_Username
Sat Aug 24, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Prepare for Recession?
Replies: 74
Views: 9956

Re: Prepare for Recession?

I have only been paying attention to investments since 2011 and I think every year since then was virtually guaranteed to be the start of a recession for one reason or another. Eventually it will happen, but that's why I have an asset allocation.
by Clever_Username
Thu Aug 15, 2019 12:12 pm
Forum: Personal Consumer Issues
Topic: Cutting the Cord - NFL Network?
Replies: 45
Views: 3433

Re: Cutting the Cord - NFL Network?

So finally cutting the cord. Have had Directv for about 7 years, always called and threatened to cancel and they would always slash my bill. No dice this go around, so we're cancelling. Looking into streaming options (even DirecTV now, funny as that is) and I don't see any option that has NFL Netwo...
by Clever_Username
Mon Aug 05, 2019 6:26 pm
Forum: Personal Investments
Topic: What are your thoughts on Loews (L)?
Replies: 11
Views: 699

Re: What are your thoughts on Loews (L)?

They were pretty successful in their time sponsoring JJ48.
by Clever_Username
Sat Aug 03, 2019 12:18 pm
Forum: Personal Investments
Topic: Dividends to settlement fund?
Replies: 6
Views: 574

Re: Dividends to settlement fund?

In all my tax advantaged accounts, the dividends are reinvested immediately. Rebalancing is easy when I do so every year anyway and my contributions are still a large portion of my total portfolio value, and when made move the portfolio closer to my desired allocation. In taxable space, distribution...
by Clever_Username
Wed Jul 31, 2019 12:29 am
Forum: Personal Finance (Not Investing)
Topic: UC Employees: what are 403(b) contributions?
Replies: 7
Views: 720

Re: UC Employees: what are 403(b) contributions?

Thank you again for your help. I'm grateful to have such informed co-workers who can help me out. Either way, the fact that DCC EE doesn't count towards the 403(b) limit means I can now calculate how much 403(b) space I have left in 2019, divide it by 5, and put that as the new contribution amount. ...
by Clever_Username
Tue Jul 30, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: UC Employees: what are 403(b) contributions?
Replies: 7
Views: 720

Re: UC Employees: what are 403(b) contributions?

Yes that's the UC DCP you see on fidelity and it doesn't count towards the 403b limit. Awesome. It's basically there to make sure I contribute something towards retirement I guess? Recently found out I am subject to OASDI too (not sure why I thought I wouldn't be as a UC employee), so I guess there...
by Clever_Username
Tue Jul 30, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: UC Employees: what are 403(b) contributions?
Replies: 7
Views: 720

Re: UC Employees: what are 403(b) contributions?

The DCC EE is NOT a 403(b) contribution. It's the required employee contribution to your savings plan/pension. (As a long-term employee, my mandatory 7.95% says "UC Retirement Plan," and my voluntary 457 contribution says "457(b) Deferred Comp"). Thank you for your response. If I understand you cor...
by Clever_Username
Tue Jul 30, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: UC Employees: what are 403(b) contributions?
Replies: 7
Views: 720

UC Employees: what are 403(b) contributions?

Hi all, Okay, if you recognize my user name, you might be surprised by the subject headline. It makes sense though, since I'm trying to identify something. I am trying to figure out how much I have contributed to my 403(b) in 2019 so I can properly max it out. This is complicated by that I recently ...
by Clever_Username
Mon Jul 01, 2019 5:11 pm
Forum: Personal Investments
Topic: Yet Another University of California retirement savings thread
Replies: 12
Views: 1599

Yet Another University of California retirement savings thread

I have been reading a lot of the UC threads on this site recently; this is because I will be taking a job with UC for the upcoming school year and beyond. I'm trying to figure out: are there gotchas I should be aware of? The savings choice 403(b) looks great, at least as good as the 403(b) I had at ...
by Clever_Username
Mon May 13, 2019 4:56 pm
Forum: Investing - Theory, News & General
Topic: Any conservative young investors?
Replies: 71
Views: 7468

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: 2511

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: 4059

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: 4059

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: 3661

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: 56
Views: 8902

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: 56
Views: 8902

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: 2290

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: 749

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: 749

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: 749

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: 5379

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: 5379

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: 3782

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: 12180

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: 865

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: 1265

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: 684

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: 684

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: 10707

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: 7592

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: 3782

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: 7592

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: 3782

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: 6149

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: 689

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: 1988

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: 689

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: 1988

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: 1988

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...