Search found 543 matches

by MichDad
Sun Aug 02, 2020 2:08 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

In an environment where 401(k) plan expense ratios are, in general, declining, Where are you seeing this? My 401ks in the private sector were drastically worse, and they certainly didn't offer in-plan Roth conversions. You speak as if these are common features when they are probably the exception r...
by MichDad
Sun Aug 02, 2020 9:37 am
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

^Allowing in-plan conversions is not going to solve the problem of too-large RMDs. Roth assets in an employer plan such as the TSP are still subject to RMDs. Only your Roth IRA avoids RMDs. Granted, some fraction of your too-large RMD will not be taxable, but you'd rather not have to invest the par...
by MichDad
Sat Aug 01, 2020 5:46 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

In an environment where 401(k) plan expense ratios are, in general, declining, Where are you seeing this? My 401ks in the private sector were drastically worse, and they certainly didn't offer in-plan Roth conversions. You speak as if these are common features when they are probably the exception r...
by MichDad
Sat Aug 01, 2020 2:35 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

I appreciate all the comments this thread has generated. Truly, I do. In my original message, I labeled the increasing TSP expense ratios “disheartening.” That was the strongest adjective I used. I stand by it. In an environment where 401(k) plan expense ratios are, in general, declining, it’s dishe...
by MichDad
Thu Jul 30, 2020 7:41 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

I'm utterly astonished by this thread. I'm a retired Fed, and my experience has been that people all over America would absolutely love to be able to participate in the TSP, and they are jealous of those who are allowed to participate. The TSP is so much better than so many other employee plans. Ye...
by MichDad
Thu Jul 30, 2020 6:42 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

Let's set aside Fidelity's zero expense index funds for the moment. Let's look instead at Fidelity's regular, low expense index funds and compare them to the TSP. Fidelity 500 Index Fund (FXAIX) has an expense ratio of 0.015% versus the TSP C Fund's expense ratio of 0.042%. Fidelity Small Cap Index...
by MichDad
Thu Jul 30, 2020 4:27 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

Let's set aside Fidelity's zero expense index funds for the moment. Let's look instead at Fidelity's regular, low expense index funds and compare them to the TSP. Fidelity 500 Index Fund (FXAIX) has an expense ratio of 0.015% versus the TSP C Fund's expense ratio of 0.042%. Fidelity Small Cap Index ...
by MichDad
Thu Jul 30, 2020 3:39 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

I think your increased expense will be more than $40 on that $500k balance. Up from $210 to more than $250. $40 on 500K is a small difference, Fidelity and Vanguard could also change their fee structure at some point. If retired once you get out of TSP you cannot get back in. $40 over twenty years ...
by MichDad
Wed Jul 29, 2020 6:54 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2236
Views: 385002

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I have some questions re: brokerage transfers: 1. Does anyone get nervous transferring the large $ amounts needed to get the bonuses? Anyone have horror stories of transfers that have gone awry? 2. What are the implications to one’s credit score for opening new brokerage accounts? 3. Are there tran...
by MichDad
Mon Jul 27, 2020 3:34 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

The TSP, even with its clunkiness, is still an excellent plan. As they have added new and more flexible features, costs have gone up. I don't find that surprising. While the TSP is no longer the lowest cost plan on the planet, it is still an excellent plan. I think there is an inherent conflict bet...
by MichDad
Mon Jul 27, 2020 1:50 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

Thanks for the report, was there any discussion about the I Fund or is that all deferred to future meetings (or closed session)? No, there was no discussion regarding the I Fund. At its May 13, 2020 meeting, the FRTIB voted to defer decisions on the I Fund expansion until after the newly-nominated ...
by MichDad
Mon Jul 27, 2020 1:43 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

404 outrage not found. The TSP is still a great example of a low cost defined contribution plan. The administrators obviously care about keeping expenses low and it shows. +1. The correct comparison is not with brokerage/IRA accounts at Vanguard, Fidelity, etc., but with other employer plans. And w...
by MichDad
Mon Jul 27, 2020 1:32 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

I'm mildly irked by the transfer rules as well, though I hope they improve by the time I'm ready to retire in 15+ years. It is hard to complain too much about the ERs when Vanguard's 500 index is still at 0.04%, total bond at 0.05%, extended market 0.06%, and developed market (I know it's not the s...
by MichDad
Mon Jul 27, 2020 12:58 pm
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Re: Increasing TSP Fund Expense Ratios

Ouch - so at ~550 billion aum .042 -> 0.05 (assuming those are fund weighed) gives us 44 million a year to turn two databases into one. For two years. As of April 30, 2020, the FRTIB was managing about $593,669,000,000 in assets. Here's a link to my source: https://www.frtib.gov/pdf/minutes/2020/Ma...
by MichDad
Mon Jul 27, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: Increasing TSP Fund Expense Ratios
Replies: 54
Views: 3172

Increasing TSP Fund Expense Ratios

I listened in to today’s July meeting of the Federal Retirement Thrift Investment Board (FRTIB), the agency that administers the Thrift Savings Plan. During one portion of the meeting, a staff member updated the FRTIB on the agency’s budget year-to-date. One of the Board members asked how the FRTIB’...
by MichDad
Mon Jul 20, 2020 7:01 pm
Forum: Investing - Theory, News & General
Topic: TSP Rollover to Vanguard or TD Ameritrade
Replies: 19
Views: 1358

Re: TSP Rollover to Vanguard or TD Ameritrade

When the TSP withdrawal rules were liberalized in September 2019, I moved over $800,000 out of the TSP and into Schwab, Merrill Edge, and TD Ameritrade. I received thousands of dollars in bonuses for these transfers. I invested these assets into widely-diversified equities index funds that have expe...
by MichDad
Wed Jul 15, 2020 7:18 am
Forum: Personal Investments
Topic: TSP transfer to Vanguard
Replies: 10
Views: 696

Re: TSP transfer to Vanguard

What's driving you to move the funds out of TSP? Sorta wondering that myself, if you (the OP) don't mind sharing. Unlike many 401(k) plans, the TSP does not permit its participants to make in-plan Roth conversions. That's a compelling reason to move assets from the TSP to a tIRA. Another reason to ...
by MichDad
Sat Jul 11, 2020 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Out $10k - any recourse? (American Airlines)
Replies: 26
Views: 2902

Re: Out $10k - any recourse? (American Airlines)

If American Airlines has a ticket office or airport gates within your jurisdiction, you should be able to obtain personal jurisdiction against that company. If AA doesn't have offices or gates in your jurisdiction, you could file in the small claims court that's closest to your US residence but whe...
by MichDad
Sat Jul 11, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Out $10k - any recourse? (American Airlines)
Replies: 26
Views: 2902

Re: Out $10k - any recourse? (American Airlines)

Here's an idea: You wrote that American Airlines stranded your FAMILY. I assume that's at least two people and probably more. Ask the small claims court clerk in your city/county if EACH of your affected family members can file as plaintiffs against American Airlines. I think this may allow each of ...
by MichDad
Sat Jul 11, 2020 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Out $10k - any recourse? (American Airlines)
Replies: 26
Views: 2902

Re: Out $10k - any recourse? (American Airlines)

Unless you live and/or work in the jurisdiction where American Airlines is based, you are going to have a very difficult time in small claims court and it is likely American would have the case removed to federal court which is not a DIY venue. How could American Airlines remove the case to federal...
by MichDad
Sat Jun 27, 2020 4:31 pm
Forum: Personal Consumer Issues
Topic: Contactless Payment Rings
Replies: 4
Views: 690

Contactless Payment Rings

Last year, my wife and I were enjoying a dessert and beverage in an upscale cafe in Europe. The gentleman in the table next to us used only his ring to pay his bill. He placed his ring near the contactless card reader and his bill was paid; much like a contactless credit or debit card would work. Ne...
by MichDad
Sat Jun 20, 2020 7:55 am
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 11147

Re: Retiring Abroad

I've been thinking of doing something like you. Couple of questions. 1. Do you have to pay for your apartment all year or is it possible to find a good deal for a six month stay? 2. How long did your visa process take and how often do you have to renew? 1. Yes, we pay for our European apartment all...
by MichDad
Fri Jun 19, 2020 7:01 pm
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 11147

Re: Retiring Abroad

I've been thinking of doing something like you. Couple of questions. 1. Do you have to pay for your apartment all year or is it possible to find a good deal for a six month stay? 2. How long did your visa process take and how often do you have to renew? 1. Yes, we pay for our European apartment all...
by MichDad
Fri Jun 19, 2020 5:00 pm
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 11147

Re: Retiring Abroad

In “normal” (non-Covid-19) times, my wife and I split our years between our home in a HCOL area in the USA and a medium COL city in Europe. We own a home in the USA and rent an apartment in Europe. We use our European apartment as our hub for travel throughout Europe. I’d estimate that our non-trav...
by MichDad
Fri Jun 19, 2020 4:20 pm
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 11147

Re: Retiring Abroad

In “normal” (non-Covid-19) times, my wife and I split our years between our home in a HCOL area in the USA and a medium COL city in Europe. We own a home in the USA and rent an apartment in Europe. We use our European apartment as our hub for travel throughout Europe. I’d estimate that our non-trav...
by MichDad
Fri Jun 19, 2020 9:54 am
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 11147

Re: Retiring Abroad

In “normal” (non-Covid-19) times, my wife and I split our years between our home in a HCOL area in the USA and a medium COL city in Europe. We own a home in the USA and rent an apartment in Europe. We use our European apartment as our hub for travel throughout Europe. I’d estimate that our non-trav...
by MichDad
Thu Jun 18, 2020 4:03 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2236
Views: 385002

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

My wife and I each have accounts with Merrill Edge and BoA. All our accounts are linked on one login page. It's nice and simple. MichDad Can you execute trades in either account from that single login? If you can, then I can't explain why multiple attempts to have ME customer service provide that s...
by MichDad
Thu Jun 18, 2020 2:33 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 2236
Views: 385002

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

My wife and I each have accounts with Merrill Edge and BoA. All our accounts are linked on one login page. It's nice and simple.

MichDad
by MichDad
Fri Jun 12, 2020 11:35 am
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 11147

Re: Retiring Abroad

In “normal” (non-Covid-19) times, my wife and I split our years between our home in a HCOL area in the USA and a medium COL city in Europe. We own a home in the USA and rent an apartment in Europe. We use our European apartment as our hub for travel throughout Europe. I’d estimate that our non-trave...
by MichDad
Wed May 27, 2020 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Move HSA to Fidelity or Elsewhere?
Replies: 35
Views: 2236

Re: Move HSA to Fidelity or Elsewhere?

I'm retired. I recently moved my and my wife's HSAs from HSA Bank and TD Ameritrade over to Fidelity. Upon request, Fidelity reimbursed the $25 per account HSA Bank closing fees and the $50 per account TD Ameritrade transfer fees. In fact, I didn't even have to prove to Fidelity that I paid these f...
by MichDad
Tue May 26, 2020 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Move HSA to Fidelity or Elsewhere?
Replies: 35
Views: 2236

Re: Move HSA to Fidelity or Elsewhere?

I'm retired. I recently moved my and my wife's HSAs from HSA Bank and TD Ameritrade over to Fidelity. Upon request, Fidelity reimbursed the $25 per account HSA Bank closing fees and the $50 per account TD Ameritrade transfer fees. In fact, I didn't even have to prove to Fidelity that I paid these fe...
by MichDad
Sat May 16, 2020 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Feds: FEHB + Medicare Part B?
Replies: 37
Views: 2252

Re: Feds: FEHB + Medicare Part B?

This thread may be of assistance: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=192832 My guess is that the vast majority of federal retirees opt into Medicare Part B. 2020 is my decision year for Medicare Part B. I've decided to not opt into it. I'm in the GEHA standard health plan. I am usi...
by MichDad
Wed May 13, 2020 12:10 pm
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 119
Views: 17409

Re: New era for TSP "I" Fund?

Isn't owning international in taxable just as tax efficient as in the TSP? If so why do you all care? You can easily buy some emerging market etfs to supplement the Tsp, right? Or just buy international outside the TSP in a taxable account? Help me out in understanding why this matters. You realize...
by MichDad
Wed May 13, 2020 11:31 am
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 119
Views: 17409

Re: New era for TSP "I" Fund?

azanon wrote:
Wed May 13, 2020 11:27 am
What a disappointment that my TSP will continue to lack full international diversification for the foreseeable future.
I agree with you. My solution was to move and hold all my international equities in tIRAs and Roth IRAs outside the TSP. I no longer hold the TSP's I Fund.

MichDad
by MichDad
Wed May 13, 2020 11:17 am
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 119
Views: 17409

Re: New era for TSP "I" Fund?

Tea Pirate, above, provided a good summary of the call, which I also listened to. Thanks. The biggest remaining issue for me with respect to the TSP is its continued refusal to allow participants and beneficiaries to make in-plan Roth conversions as most private 401(k) plans permit. This prohibition...
by MichDad
Wed May 13, 2020 8:43 am
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 119
Views: 17409

Re: New era for TSP "I" Fund?

MichDad, if I remember right you are now retired, correct? You've probably posted this in other threads but I'm curious why you haven't rolled over to an IRA account? A five year CD is probably a better better interest rate bet than the G Fund right now. Is there a reason other than the G Fund that...
by MichDad
Wed May 13, 2020 8:25 am
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 119
Views: 17409

Re: New era for TSP "I" Fund?

The Labor Secretary Monday morning directed the FRTIB in writing to stop the move to an index that includes China. Directed to do something is not proposed so this should not be a prohibited political post. If this results in a lawsuit then we are back to a prohibited topic. Guessing FRTIB will go ...
by MichDad
Wed May 13, 2020 7:57 am
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 119
Views: 17409

Re: New era for TSP "I" Fund?

I just received this Federal Register notice. The Federal Retirement Thrift Investment Board will meet this morning at 10:00 am eastern time to discuss "Investment Policy Review." There's no more information about the subject other than those three words. Perhaps it will be about the future of the T...
by MichDad
Sat May 09, 2020 9:43 am
Forum: Investing - Theory, News & General
Topic: New era for TSP "I" Fund?
Replies: 119
Views: 17409

Re: New era for TSP "I" Fund?

Upon retirement (in 2018), I moved all my non-G Fund TSP assets to tIRAs and Roth IRAs with brokerage firms that paid me for the privilege of holding these assets. I moved them into very low cost, widely-diversified US and international index funds. My international equities holdings are now in fund...
by MichDad
Thu Apr 30, 2020 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 186
Views: 13369

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

You'd be far richer today if they had invested the money. And I mean FAR richer. That first $109 invested in 1962, 58 years ago... if invested in Vanguard Wellington (I picked it because it was around back then), that $109 would be worth $15,819 today. The second $109 invested in 1963, 57 years ago...
by MichDad
Thu Apr 30, 2020 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 186
Views: 13369

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

My parents purchased a whole life insurance policy for me, with an initial $10,000 death benefit, when I was seven years old. They paid the fixed ~ $109 annual premiums until I completed graduate school and began my first real job. They turned the policy over to me and told me to pay the premiums f...
by MichDad
Thu Apr 30, 2020 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 186
Views: 13369

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

My parents purchased a whole life insurance policy for me, with an initial $10,000 death benefit, when I was seven years old. They paid the fixed ~ $109 annual premiums until I completed graduate school and began my first real job. They turned the policy over to me and told me to pay the premiums f...
by MichDad
Thu Apr 30, 2020 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 186
Views: 13369

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

The purpose of this post is NOT to promote whole life insurance. Rather, I want to relay how having a whole life insurance policy has helped me a few times over my adult life. My parents purchased a whole life insurance policy for me, with an initial $10,000 death benefit, when I was seven years old...
by MichDad
Thu Apr 30, 2020 3:38 pm
Forum: Investing - Theory, News & General
Topic: Is G-fund safer today than previously?
Replies: 38
Views: 2638

Re: Is G-fund safer today than previously?

I think your current age and expected age of retirement are relevant to this question. If you're young and many years from retirement, the G Fund may not be all that useful. If you're in your 50s or older and are close to or in retirement, the G Fund is terrific. I didn't voluntarily invest into the...
by MichDad
Mon Apr 20, 2020 1:49 pm
Forum: Personal Investments
Topic: TSP: G and F fund
Replies: 17
Views: 1935

Re: TSP: G and F fund

As someone who's already retired, I like the security and, for the most part, inflation protection offered by the G Fund. For about 35 years of my federal service, I invested in and owned within the TSP only the C, S, and I Funds; no G, F, or L Funds. Even outside the TSP, my wife and I have owned n...
by MichDad
Fri Apr 17, 2020 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 420
Views: 66635

Re: Improving the TSP [for current participants]

In light of the coronavirus-related emergency stay-at-home and shelter-in-place orders throughout much of the country, the Federal Retirement Thrift Investment Board has temporarily waived its requirement that spousal signatures on withdrawal election forms be notarized. To be clear, spouses must st...
by MichDad
Mon Apr 13, 2020 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion / Private Letter Ruling
Replies: 38
Views: 3518

Re: Roth Conversion / Private Letter Ruling

Jewel, I've just read through all the previous posts on this thread and want to express my empathy. I truly believe you and could easily see myself making a similar type of mistake. That said, I would like to pose a long shot idea for you to consider. You could write a detailed letter to your two US...
by MichDad
Mon Apr 06, 2020 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance Mistake
Replies: 22
Views: 1562

Re: Whole Life Insurance Mistake

You should check how you policy dividends are being handled. My guess is that they are buying additional insurance. That is a reasonable option when you are young -- as you get to retirement age the divs don't buy much extra insurance since you are much older. You may be able to take the new divide...
by MichDad
Mon Apr 06, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Insurance Mistake
Replies: 22
Views: 1562

Re: Whole Life Insurance Mistake

In 1962, when I was seven years old, my parents purchased a $10,000 whole life insurance policy for me through Prudential. They paid the fixed annual $109 premiums until I graduated school. I began paying the premiums when I was 25 years old. I paid the premiums until last year, when I turned 64. Th...