Search found 144 matches

by Itster
Thu Oct 19, 2017 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Shift from Roth to 401k?
Replies: 5
Views: 564

Re: Shift from Roth to 401k?

I'm pretty sure I wouldn't qualify for the EITC, but it's not like I'm way over. And we are making do with one income, so it's nevertheless pretty tight. The problem this year is I'm being hit harder than usual and I won't have an increase in income to absorb any of it. All I can do is cut expenses ...
by Itster
Wed Oct 18, 2017 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: Shift from Roth to 401k?
Replies: 5
Views: 564

Shift from Roth to 401k?

Due to increased insurance premiums at work and life changes, my expenses are expected to rise considerably more than usual for 2018. My premiums are rising >$100/month (pre-tax), and a child is aging up where I will have the auto insurance/no more child tax credit double-whammy. This, on top of the...
by Itster
Sun Sep 17, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance - Progressive
Replies: 7
Views: 717

Re: Switching Insurance - Progressive

I'm thinking of switching insurance for the same reason. I've been with my insurance company since 1990, but it's the typical story where rates have increased to the point I need to comparison shop. I'll check Progressive to see what their rates are for my situation.
by Itster
Fri Sep 15, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 6273

Re: Have X times your salary saved by age Y.

Perhaps income is used as a guide rather than expenses when estimating retirement savings goals because expense calculations can be elusive, even in the near future. Itster, I disagreed. It is very easy to calculate your current annual expense. Your current annual expense = gross income - tax (Fede...
by Itster
Fri Sep 15, 2017 12:10 pm
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 2042

Re: Reasonable to adjust 401k allocation if you have a pension?

I recently started a position that offers a pension or a % match in a 401k. I opted for the pension thinking it could (operative word) be a good safety net in the future. If something were to happen before I'm vested in 5 years, the principle would be returned with 4% interest. However, the pension...
by Itster
Fri Sep 15, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 6273

Re: Have X times your salary saved by age Y.

Perhaps income is used as a guide rather than expenses when estimating retirement savings goals because expense calculations can be elusive, even in the near future. Itster, I disagreed. It is very easy to calculate your current annual expense. Your current annual expense = gross income - tax (Fede...
by Itster
Fri Sep 15, 2017 10:16 am
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 2042

Re: Reasonable to adjust 401k allocation if you have a pension?

the pension and SS will just provide a little extra IF or as they pay out in time. But that's probably not the right way to look at it. It is the right way to look at it, but why do you think SS in particular is going to pay out so little. A better approach is to reevaluate that as time goes on. Ap...
by Itster
Fri Sep 15, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 6273

Re: Have X times your salary saved by age Y.

Perhaps income is used as a guide rather than expenses when estimating retirement savings goals because expense calculations can be elusive, even in the near future. Plus, those who actually save for retirement realize that their expenditures are limited by their income if they're going to save anyt...
by Itster
Fri Sep 15, 2017 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 6273

Re: Have X times your salary saved by age Y.

Whether I have a stay-at-home-spouse and I make $200K per year, or we both work and make $200K per year combined - we still are living on the same household income (of $200K per year) so think in terms of household income. If you are living well on a single income for two adults (saving and spendin...
by Itster
Thu Sep 14, 2017 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 6273

Re: Have X times your salary saved by age Y.

I hope the one-size-fits-all model is overestimated in order to cover most use-case scenarios, especially since I'm not quite at the level recommended, and it's difficult to catch up since I didn't "get in early" (get a prompt start and maintain the momentum). I was thinking about the expense side ...
by Itster
Thu Sep 14, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 2042

Re: Reasonable to adjust 401k allocation if you have a pension?

You want to be thinking primarily in terms of Income in retirement, not assets. Let's say your desired income in retirement is $70,000+. But then your actual income from pensions, annuities and SS turns out to be $90,000. This means your portfolio at that point is a luxury slush fund and you can in...
by Itster
Thu Sep 14, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 6273

Re: Have X times your salary saved by age Y.

I hope the one-size-fits-all model is overestimated in order to cover most use-case scenarios, especially since I'm not quite at the level recommended, and it's difficult to catch up since I didn't "get in early" (get a prompt start and maintain the momentum). I was thinking about the expense side o...
by Itster
Thu Sep 14, 2017 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 2042

Re: Reasonable to adjust 401k allocation if you have a pension?

Thank you for the helpful replies, and I've read a few of the other threads on the topic. I decided to reduce the fixed/bond allocation in the 401K by a small percentage, mostly because the pension gives me a slightly greater comfort level to take on a little more risk, but not as an allocation subs...
by Itster
Thu Sep 14, 2017 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 6273

Have X times your salary saved by age Y.

I've read several articles lately that state one should have a certain number of times their salary saved at various age points for retirement: say, 6 times salary by age 50, 8 times salary by 55, 10 times by 60, etc. But they never qualify the context. Is this each spouse in a 2-income household? O...
by Itster
Mon Sep 11, 2017 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 2042

Re: Reasonable to adjust 401k allocation if you have a pension?

Well, the way I'm currently viewing the pension is that I would receive my principle back with 4% interest if I don't stay long enough to become vested. So with that, it's like fixed income for at least the first 5 years. I don't see the benefit becoming anything less than that after becoming vested...
by Itster
Mon Sep 11, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 24269

Re: Name something you had to have and now you regret purchasing it?

- Some vehicles purchased over the years that were too expensive. - I wish I hadn't upgraded / expanded our deck. I would really like to go back to the original, small size (except now it would cost more just to remove the expansion). Waste of money for our limited use. Pretty happy with everything ...
by Itster
Sat Sep 09, 2017 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 2042

Re: Reasonable to adjust 401k allocation if you have a pension?

Short answer: Consider a 75/25 stock to bond allocation instead of a 60/40. As with many other investing decisions, it depends more on you personally than on investing theory. With an all stock portfolio, how will you react when its value equal to a year's income (5-7 years of saving), falls by 50%...
by Itster
Sat Sep 09, 2017 10:07 pm
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 2042

Re: Reasonable to adjust 401k allocation if you have a pension?

In my case, it is a (NC) state position. One consideration I just thought of is that I really wouldn't want to start collecting until aged 65, if I vest after 5 years.
by Itster
Sat Sep 09, 2017 7:49 pm
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 2042

Reasonable to adjust 401k allocation if you have a pension?

I recently started a position that offers a pension or a % match in a 401k. I opted for the pension thinking it could (operative word) be a good safety net in the future. If something were to happen before I'm vested in 5 years, the principle would be returned with 4% interest. However, the pension ...
by Itster
Wed Oct 19, 2016 9:17 am
Forum: Investing - Help with Personal Investments
Topic: Keep or roll a 403b from previous employer?
Replies: 23
Views: 1353

Re: Keep or roll a 403b from previous employer?

Thanks, Earl and Peter. I also did a little reading on Stable Value funds (via Google as well as on Bogleheads), and I've determined it's best for me to just stay put with the 403b. I appreciate everyone's helpful comments.
by Itster
Tue Oct 18, 2016 12:03 am
Forum: Investing - Help with Personal Investments
Topic: Keep or roll a 403b from previous employer?
Replies: 23
Views: 1353

Re: Keep or roll a 403b from previous employer?

krow36 wrote:I suggest you talk to the VALIC rep and pry out what the total fees are, and get it in writing.


Funny that you wrote "pry out" what the total fees are. I just clicked on the "Fee Disclosure" link on the website and it simply leads to an "error" page. :)
by Itster
Mon Oct 17, 2016 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or roll a 403b from previous employer?
Replies: 23
Views: 1353

Re: Keep or roll a 403b from previous employer?

I didn't know what a stable value fund was, so I googled it and ran into this: m Thoughts? Anne That's interesting. I don't know what the fees are for this fund, so I guess I wouldn't be that surprised if there are hidden fees that reduce the return. That is a concern I had about the fund because i...
by Itster
Mon Oct 17, 2016 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or roll a 403b from previous employer?
Replies: 23
Views: 1353

Re: Keep or roll a 403b from previous employer?

Since you are retired, the posts about the Roth backdoor are not really relevant in your situation. There is no problem related to the Roth IRA (unless you decide to work in retirement) to your moving the 403b to an IRA.The question remains, is there any advantage to moving from the VALIC 403b (whe...
by Itster
Mon Oct 17, 2016 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or roll a 403b from previous employer?
Replies: 23
Views: 1353

Re: Keep or roll a 403b from previous employer?

If you had thoughts of doing a back door Roth with post tax dollars in the future you would leave it in the 403b rather than rolling it into a traditional IRA. If you roll it into a traditional IRA and then convert it to a Roth, that is okay too. I understood the warning to be not to commingle pret...
by Itster
Mon Oct 17, 2016 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or roll a 403b from previous employer?
Replies: 23
Views: 1353

Re: Keep or roll a 403b from previous employer?

Your 403b is pretax. Some higher income people do post tax (non tax deductible) contributions to an IRA and then immediately convert that IRA to a Roth. They use this method because they earn too much to be able to contribute directly to a Roth. When doing a Roth conversion the IRS looks at all one...
by Itster
Mon Oct 17, 2016 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or roll a 403b from previous employer?
Replies: 23
Views: 1353

Re: Keep or roll a 403b from previous employer?

My wife and I are both retired and could move funds anywhere. The fact that she has access to stable value funds that pay a high rate of interest (I think it is between 3.5% and 4.25% depending on when the funds were deposited) has us staying put. traveltoomuch made a good point about avoiding havi...
by Itster
Mon Oct 17, 2016 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or roll a 403b from previous employer?
Replies: 23
Views: 1353

Re: Keep or roll a 403b from previous employer?

I see no rush to move the assets if the index fund expense ratios are rather comparable. A 3% Stable Fund would be enough for me to leave the funds there. I know people who are contributing to certain state 529 plans just for their stable value funds. They have no intention of using the funds for q...
by Itster
Mon Oct 17, 2016 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or roll a 403b from previous employer?
Replies: 23
Views: 1353

Re: Keep or roll a 403b from previous employer?

traveltoomuch wrote:If your income is or will be high enough to make you interested in a backdoor Roth, then do not convert to an IRA - leave it in the 403b or roll it to the 401k.


Thanks -- it doesn't appear terribly likely that will happen on my trajectory without some surprising developments coming to pass. :)
by Itster
Mon Oct 17, 2016 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or roll a 403b from previous employer?
Replies: 23
Views: 1353

Re: Keep or roll a 403b from previous employer?

Do you know the fees you are paying on the Vanguard funds in your VALIC 403b? It would be unusual if you were only paying the low expense ratio that Vanguard charges on those index funds. What is the name of the VALIC 403b plan? That's a great question. The Vanguard funds are very low -- but I have...
by Itster
Mon Oct 17, 2016 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Keep or roll a 403b from previous employer?
Replies: 23
Views: 1353

Keep or roll a 403b from previous employer?

I recently started a new position working for a different company, leaving funds sitting in a Valic 403b. The funds are distributed between the Vanguard 500, Mid and Small caps on the stock side, and in the Stable Value fund to make up a balanced fund account. My new 401k is with Fidelity and I have...
by Itster
Sat Feb 21, 2015 11:25 pm
Forum: Personal Consumer Issues
Topic: To Fence ... Or Not?
Replies: 93
Views: 10906

Re: To Fence ... Or Not?

Ok inquiring minds want to know... What's with the hole? Dug partially on your property and filled in so it's now a mound and you haven't asked what's up with that? Please please find out if Jimmy Hoffa or his nest egg is buried there. I must know! Is the neighbor's own 3/4 acre lot so overrun with...
by Itster
Sat Feb 21, 2015 7:15 pm
Forum: Personal Consumer Issues
Topic: To Fence ... Or Not?
Replies: 93
Views: 10906

Re: To Fence ... Or Not?

I just thought I would report back after 2.5 years. I ended up having a row of Bluepoint Juniper trees planted -- 27 of them in a row -- to mark the boundary of the property. My neighbor seemed to like the trees instead of the fence idea. He ended up not growing squash the following 2 years. He has ...
by Itster
Thu Feb 19, 2015 12:09 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Lashes Out at His Financial Critics
Replies: 89
Views: 16869

Re: Dave Ramsey Lashes Out at His Financial Critics

The bottom-line is that Mr. Ramsey is helpful to many with regard to his debt-elimination program, but he has a serious disconnect when it comes to investing. Sadly, this disconnect causes defensiveness on his part, which rightly causes suspicion on the part of others. It doesn't make for the best p...
by Itster
Wed Dec 24, 2014 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: 403b or Roth?
Replies: 3
Views: 451

Re: 403b or Roth?

Thank you both. This has helped me to decide on an allocation between the two. I really appreciate it.
by Itster
Wed Dec 24, 2014 11:34 am
Forum: Investing - Help with Personal Investments
Topic: 403b or Roth?
Replies: 3
Views: 451

403b or Roth?

I'm trying to determine if it *really* matters whether I contribute 15% solely to my 403b, or whether to mix that percentage between my 403b and my Roth. My 403b is currently invested in Vanguard funds for the stock allocation (making up the equivalent of Total Stock and a dash of international). Th...
by Itster
Sun Aug 10, 2014 1:01 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey still defending 12% and still angry at "nerds"
Replies: 194
Views: 31148

Re: Dave Ramsey still defending 12% and still angry at "nerd

I just watched the video, and I didn't think Mr. Ramsey sounded any angrier than usual. Rather, it just sounded like the common derisive style of delivery used to project authority in the talk-show world. I agree, though, that he's not as accurate as he should be with regard to the 12%, and it's eve...
by Itster
Sat Aug 03, 2013 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or Transfer WFA IRA?
Replies: 11
Views: 631

Re: Keep or Transfer WFA IRA?

BrandonBogle wrote:I think life would be simpler moving this account to Vanguard. But yes, you do have options if you decide against it.


Thank you. I figured that was probably the case but needed more experienced advice to know for sure, so I really appreciate your replies.
by Itster
Sat Aug 03, 2013 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or Transfer WFA IRA?
Replies: 11
Views: 631

Re: Keep or Transfer WFA IRA?

I rarely have more than $5K in WF checking, too, but I get all those Vanguard funds for free at WellsTrade anyways and zero fee and low expenses, but that doesn't help you nowadays. I probably don't understand how WellsTrade + PMA works (or worked). I thought you had to have $25K (or something like...
by Itster
Sat Aug 03, 2013 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or Transfer WFA IRA?
Replies: 11
Views: 631

Re: Keep or Transfer WFA IRA?

I would move it to Vanguard. You pay $95 to move it out now, but you avoid $40 next month and $40+ every year until the account runs dry. If I read this correctly, this is an inherited IRA that must be depleted in substantially equal installments? Makes no sense to pay an on-going annual fee if you...
by Itster
Sat Aug 03, 2013 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or Transfer WFA IRA?
Replies: 11
Views: 631

Re: Keep or Transfer WFA IRA?

I rarely have more than $5K in WF checking, too, but I get all those Vanguard funds for free at WellsTrade anyways and zero fee and low expenses, but that doesn't help you nowadays. I probably don't understand how WellsTrade + PMA works (or worked). I thought you had to have $25K (or something like...
by Itster
Sat Aug 03, 2013 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or Transfer WFA IRA?
Replies: 11
Views: 631

Re: Keep or Transfer WFA IRA?

Get out now unless you are one of those folks grandfathered into no-fee, no-commission WellsTrade + PMA deal. I am not, and, while we do have our main checking at WF, it's never more than about $5K at any one time unless I'm transferring funds in and out. That's what I was thinking, but I wanted to...
by Itster
Sat Aug 03, 2013 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Keep or Transfer WFA IRA?
Replies: 11
Views: 631

Keep or Transfer WFA IRA?

I have a new, small (~11k) Beneficiary IRA at Wells Fargo. It's currently in 2 UITs, First Trust Capital Strength and First Trust Diversified Fixed Income (which I know little about). WF is going to charge the $40 account fee next month. I believe the fee goes up once the IRA goes below $10k, if I'm...
by Itster
Tue Jun 11, 2013 10:30 am
Forum: Investing - Help with Personal Investments
Topic: ST/IT Bonds for EF?
Replies: 1
Views: 208

ST/IT Bonds for EF?

Given the current situation with bonds, is it still advisable to place EF funds into Short- or Immediate-Term bond funds? I understand that for retirement funds one's allocation should remain the same unless there's an underlying reason to change (ie. age-in-bonds, etc). But for an EF, should I pres...
by Itster
Mon Feb 04, 2013 11:55 am
Forum: Investing - Theory, News & General
Topic: Rick Ferri [Selected as WSJ Industry Expert]
Replies: 19
Views: 3334

Re: Rick Ferri

Congratulations, Rick, for this honor. It's a pleasure reading your insightful and helpful comments on Bogleheads.org.
by Itster
Sun Feb 03, 2013 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Question about purchasing online CDs or iBonds
Replies: 12
Views: 1422

Re: Question about purchasing online CDs or iBonds

That's not how I read. I think the conclusion was that you could push money from Vanguard to TD so that you would have money at TD to buy I bonds. That doesn't mean you can redeem an I bond at TD and push the money back to Vanguard. TD will push the money back to your linked checking account, which...
by Itster
Sat Feb 02, 2013 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Question about purchasing online CDs or iBonds
Replies: 12
Views: 1422

Re: Question about purchasing online CDs or iBonds

Oh okay. So it sounds like I do need to transfer back to my checking first, then. I appreciate the information.
by Itster
Sat Feb 02, 2013 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Question about purchasing online CDs or iBonds
Replies: 12
Views: 1422

Re: Question about purchasing online CDs or iBonds

Yes, thank you. That answers my question. I was only wondering if I could transfer the money *from* my Vanguard MM directly to a Treasury Direct account, or to an online bank CD account -- to use Vanguard as the hub rather than my checking account. I realize it's easy enough to transfer the money ba...
by Itster
Sat Feb 02, 2013 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Question about purchasing online CDs or iBonds
Replies: 12
Views: 1422

Question about purchasing online CDs or iBonds

If I would like to purchase iBonds from Treasury Direct or a CD from an online bank, is it as simple as transferring some available funds directly from Vanguard to TD or the bank? Or would I need to fill out paperwork and/or transfer the money from my local bank?
by Itster
Fri Jan 25, 2013 8:33 pm
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Taylor
Replies: 81
Views: 8000

Re: Happy Birthday Taylor

Happy Birthday, Taylor. I appreciate your insights (always worded with care and to the point) and your quotation collections.

Maybe one day I'll discover at least one of the roads to Dublin! :)

Regards,

Ryan
by Itster
Sat Jan 05, 2013 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Is This A Good Plan For A Modest Inheritance?
Replies: 16
Views: 1957

Re: Is This A Good Plan For A Modest Inheritance?

Thanks all. I think I'll plan to put the money into the retirement accounts since that's where I really need it the most at this time (though I understand why some would pay off the loans). I really appreciate your replies.