Search found 47 matches

by Jtf6
Tue Nov 21, 2017 6:57 am
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 16
Views: 2203

Re: How am I doing?

Maxing out TSP reduces AGI/MAGI, which allows me to contribute to ROTH.
by Jtf6
Tue Nov 21, 2017 12:12 am
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 16
Views: 2203

Re: How am I doing?

The idea of working until 62 is horrifying to me. I like my job, but don't love it. I can hang on until 57, but more than that, no can do. What do y'all think of my savings plan? I have zero desire to become a GS 15. The pay, isn't that much more than a GS 14-10, but the responsibility is so much mo...
by Jtf6
Mon Nov 20, 2017 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 16
Views: 2203

Re: How am I doing?

My monthly expenses are about $3500.
by Jtf6
Mon Nov 20, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 16
Views: 2203

Re: How am I doing?

I will have 30 years when I retire, which should be 30% of $155k.
So $46.5k
by Jtf6
Mon Nov 20, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 16
Views: 2203

How am I doing?

I may have posted something similar a few years ago. I work for the federal government and I am a GS 14-2 in the Bay area. I am 39 years old and single, no kids. TSP L 2040 --$290k (max out yearly) Vanguard Roth Target 2035 --$26k (max out yearly) Vanguard balance fund $7200 ($25 a month) T Rowe Pri...
by Jtf6
Sun Oct 08, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 106
Views: 21516

Re: Growing old without kids or younger caring relatives

I'd rather my parents spend their final years with me, rather than a community. When my dad was really sick, we were all at his bed in the hospital. That is something I would love for myself.

I need to hurry up, and make some children.
by Jtf6
Tue Aug 29, 2017 7:30 am
Forum: Personal Finance (Not Investing)
Topic: What should the savings be for an average professional
Replies: 168
Views: 20827

Re: What should the savings be for an average professional

This is a site for super savers, so we are obviously not the norm, and can't expect the average person, professional or not, to save as much as we do. I save about 30% of my income, which is way more than most people I know. My sister is not fortunate enough to make as much as I do, but I was still ...
by Jtf6
Mon May 29, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Re: Career Issue -- How do I recover?

I do work with and for very nice people who are very forgiving. After my boss promoted me, she confronted me in a private meeting and told me that she heard I was bad mouthing her and other people. She told me that things go around fast and to not do it again. So it really is shocker that they gave ...
by Jtf6
Mon May 29, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Re: Career Issue -- How do I recover?

I like to follow up on my original post. Not getting that position affected me greatly. I did not take my friends advice, and I took my frustrations out on everyone. The hiring official, the woman who got the job over me, her friends (who I saw as my enemies), and whoever I thought was the reason fo...
by Jtf6
Thu Mar 24, 2016 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Improving Employee Morale
Replies: 44
Views: 4685

Re: Improving Employee Morale

All great ideas everyone. I had a meeting with the management staff today. Something's I want to implement are to reassign some work from the more stressed staff to the unit that has less work. I might increase the amount of OT I allow the staff to work, but that is dependent on how big our allocati...
by Jtf6
Wed Mar 23, 2016 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Improving Employee Morale
Replies: 44
Views: 4685

Re: Improving Employee Morale

No we no longer have on the spot awards. The agency got rid of that years ago. Step increases can be given, but is required approval at a much hire level than me, and is only given after the end of the current performance year. As I think of it, there is no one I can see giving one to. Additionally ...
by Jtf6
Wed Mar 23, 2016 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Improving Employee Morale
Replies: 44
Views: 4685

Improving Employee Morale

Mods, feel free to delete this post if it is not appropriate for this board. I am a manager in the federal government, so we are restricted by ethics rules around gift givings and monetary awards. Issue: I work for an agency where the work is not necessarily stressful, but the volume of work is subs...
by Jtf6
Fri Oct 02, 2015 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: To pay for [children's] college education? Or not ...
Replies: 206
Views: 19514

Re: To pay for college education ? Or not ...

I'm not a dad YET, but I have nephews and nieces. As a former Marine, and a benefactor of the GI Bill, I have been secretly (my sister doesn't like the idea) been encouraging the boys to join the Air Force or Navy when they graduate high school in order to gain some maturity, life experience, and ac...
by Jtf6
Tue Sep 08, 2015 1:36 am
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Re: Career Issue -- How do I recover?

Also leaving my agency really isn't an option. I've been here for a decade amped don't really know how to do anything else. If I left, I would have to start over, which would require a substantial pay cut. At 37, and with my responsibilities, I cannot start over. Then the harsh truth is, you have z...
by Jtf6
Tue Sep 08, 2015 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Re: Career Issue -- How do I recover?

To the OP, I would offer a rather unappealing interpretation, sorry. I work in academia, where staff positions are semi-permanent, in the sense that very few people ever get fired. In fact, it is VERY difficult to fire people, b/c we need to go through multiple negative evaluations (on an annual cy...
by Jtf6
Sun Sep 06, 2015 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Re: Career Issue -- How do I recover?

It seems you did get lots of support (loyalty?) from your direct supervisor. They must feel bad that they got overridden. As for skyrocketing into a wall, this happens so many times that you will see it over and over and over. As in, "Whatever happened to …? Oh, they made it to VP, then flamed out....
by Jtf6
Sun Sep 06, 2015 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Re: Career Issue -- How do I recover?

You said yourself that the person who was hired, you consider to be a toss-up (tie) with you. But you also admitted that you know the other candidate's employment record gave the other candidate an edge over you. If your management had made a hiring decision based on subjective personal relationshi...
by Jtf6
Sun Sep 06, 2015 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Re: Career Issue -- How do I recover?

It sounds like this new position still reports to your manager or am I wrong? If it does, it is odd that his manager had the final say in the promotion. If it is an equivalent position to your manager, then I can understand why his manager was the one who decided the promotion. The person who got t...
by Jtf6
Sun Sep 06, 2015 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Re: Career Issue -- How do I recover?

It sounds like this new position still reports to your manager or am I wrong? If it does, it is odd that his manager had the final say in the promotion. If it is an equivalent position to your manager, then I can understand why his manager was the one who decided the promotion. The person who got t...
by Jtf6
Sun Sep 06, 2015 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Re: Career Issue -- How do I recover?

You haven't exactly said whether the person who got the job really does have more or less experience or seniority, or more/less education, certifications, etc. etc. Why do you feel you were you given the temporary assignment and the other person wasn't? I was given the temp assignment because my bo...
by Jtf6
Sun Sep 06, 2015 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Re: Career Issue -- How do I recover?

It sounds like this new position still reports to your manager or am I wrong? If it does, it is odd that his manager had the final say in the promotion. If it is an equivalent position to your manager, then I can understand why his manager was the one who decided the promotion. The person who got t...
by Jtf6
Sun Sep 06, 2015 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Re: Career Issue -- How do I recover?

Well I will be on our internal job page and look for other positions in the agency in different capacity. The thing is that I work for federal government, and I can apply throughout the state and country, but depending in cost of living, a promotion may not be much of a pay increase. As I said, this...
by Jtf6
Sun Sep 06, 2015 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Re: Career Issue -- How do I recover?

Oh the person who got the job over me is my best friend at my agency. Which makes it even more complicating for me. Yes, she will do a fabulous job, if I was a third party, it would be a toss up, and I very well could have hired her over me. It's just that I expected a little more loyalty from my bo...
by Jtf6
Sun Sep 06, 2015 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Career Issue -- How do I recover?
Replies: 55
Views: 7652

Career Issue -- How do I recover?

I've been rather blue these past couple of days. I was temporarily assigned to a new position with more responsibility. During my assignment I was told I did a great job. The assignment was opened as a permanent position, I applied for it, and someone else was selected. When my boss called me up to ...
by Jtf6
Sat Jun 06, 2015 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Federal Employment
Replies: 86
Views: 12483

Re: Thoughts on Federal Employment

I believe that the Feds went away from CSRS back 1983. The FERS retires are coming to retirement age, and I think it is hitting them big time at how little they will get for retirement. Don't get me wrong, a 33% of the average of your high three years after thirty year pension is a great benefit, bu...
by Jtf6
Sat Jun 06, 2015 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on Federal Employment
Replies: 86
Views: 12483

Re: Thoughts on Federal Employment

Federal employee here! I have to say, I love love love my career. I have just hit my 10 year mark and I am making over six figures (albeit in the highest cost of living city ). My agency is one of those few agencies that there is a straight shoot from GS 7 (where I started in 2005) to GS 14 (where I...
by Jtf6
Mon Apr 06, 2015 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Massive student debt @ 6.8%
Replies: 62
Views: 8329

Re: Massive student debt @ 6.8%

Just wanted to point out that after you complete your americorps tour, you can find a job with the federal government.

https://my.americorps.gov/trust/help/me ... erview.htm

[OT comment removed by admin LadyGeek]
by Jtf6
Wed Feb 18, 2015 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Save for house or open taxable?
Replies: 6
Views: 875

Re: Save for house or open taxable?

Thanks, I plan on retiring between 55 and 59. Depending on how i feel, i guess. If i retire before 59, i would need additional money to live on as FERS retirement really isnt all that much. Other than saving for a home deposit, i dont have any other pressing goals. I did not consider using the princ...
by Jtf6
Wed Feb 18, 2015 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: Save for house or open taxable?
Replies: 6
Views: 875

Re: Save for house or open taxable?

Thanks, i think i am on track with retirement with the money i have going to my tax advantaged accounts. That coupled with my FERS retirement benefits, and social security, i should be quite all right. After i was done paying off my student loans, i was going to drop $1k a month towards a house fund...
by Jtf6
Wed Feb 18, 2015 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Save for house or open taxable?
Replies: 6
Views: 875

Save for house or open taxable?

HI there, I am trying to decide whether I should contribute to a taxable or put money in savings for a house, or do both. My investments are the following: I contribute $625 a pay period towards my TSP. ($180k) $217 a pay period towards a Vanguard Target 2030 Roth. ($8k) I have $15k in savings. $1k ...
by Jtf6
Fri Jul 04, 2014 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: do you lie about your finances to friends
Replies: 103
Views: 12627

Re: do you lie about your finances to friends

I am govt employee, so if you know my name, you can find my salary. I keep a copy of the Bogleheads guide to investing promenantly displayed in my office. I get people asking me what it's all about, in which I state that it's the best investment book you'll ever need to read. I preach the boglehead ...
by Jtf6
Fri Jul 04, 2014 10:36 am
Forum: Personal Finance (Not Investing)
Topic: bogleheads thoughts on renter's insurance?
Replies: 40
Views: 6551

Re: bogleheads thoughts on renter's insurance?

Three years ago, a terrible fire destroyed the three story apartment building that I rented in. The apartment had 12 units, all were destroyed in the fire, and sadly, one of my neighbors, an elderly woman died. I was the only tenant to have renters insurance. I was covered up to $10k in damages. My ...
by Jtf6
Wed May 28, 2014 12:27 am
Forum: Personal Finance (Not Investing)
Topic: The in-laws are broke!
Replies: 128
Views: 19792

Re: The in-laws are broke!

I currently pay my elderly parents monthly utilities. God willing, I hope to be paying these expenses for many many years. Only once have they ever asked me from money, and it really hurt to see my father ask me for help. When the time comes where they need more, I'll just send them a check. I'll ne...
by Jtf6
Sat May 24, 2014 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: How do you make your money?
Replies: 97
Views: 17574

Re: How do you make your money?

I'm 36 and am in middle management in the federal government. My goal is to reach senior management or senior executive within the next ten years. My income comes from my salary.
by Jtf6
Sat Apr 26, 2014 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best method of repaying college loan
Replies: 2
Views: 544

Re: Best method of repaying college loan

I currently owe $13500 at 5.50 % towards my college loans. I've been paying the minimum of $153 on a 20 year repayment plan since 2005. Last month I made a payment if $1100 towards my loan in an effort to pay it down quicker. My plan here is to make payments of $1000 per month to pay it off by next...
by Jtf6
Sat Apr 26, 2014 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Best method of repaying college loan
Replies: 2
Views: 544

Best method of repaying college loan

I currently owe $13500 at 5.50 % towards my college loans. I've been paying the minimum of $153 on a 20 year repayment plan since 2005. Last month I made a payment if $1100 towards my loan in an effort to pay it down quicker. My plan here is to make payments of $1000 per month to pay it off by next ...
by Jtf6
Fri Apr 18, 2014 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to identify pre-1980 6th grade economics book
Replies: 9
Views: 1386

Re: Trying to identify pre-1980 6th grade economics book

Thank you for this post. I just downloaded the E book, and will make copies for my nephews and niece.
by Jtf6
Wed Apr 16, 2014 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: problem with Amica, what to do next?
Replies: 23
Views: 4150

Re: problem with Amica, what to do next?

Totally off topic, but 9 years ago I interviewed with Amica for an adjuster position. I started with a phone interview, then a field interview in their Costa Mesa office, and then they sent me airline tickets for all day interviews at their corporate office in Rhodes island. The whole process was sp...
by Jtf6
Wed Apr 16, 2014 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employment Question
Replies: 20
Views: 2143

Re: Federal Employment Question

To answer the OPs question, as a hiring manager with a military background, the death of FCIP has been a major blow to our ability to recruit the best people. I have a soft spot for the military, but it's frustrating being limited to hiring principally military service members. (I'm a bit of a hypoc...
by Jtf6
Wed Apr 16, 2014 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employment Question
Replies: 20
Views: 2143

Re: Federal Employment Question

I'm in a similar situation to MichDad, only I switched from CSRS to FERS during the famous 1987 "opportunity". (I was the first employee in my region to make the switch, and HR asked me repeatedly "Are you sure?") Since I also invested the max allowed into the TSP since then, and similarly invested...
by Jtf6
Sun Apr 06, 2014 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Death of co-worker
Replies: 94
Views: 12314

Re: Death of co-worker

The take away I get from this discussion is to focus on physical fitness and personal health as much as possible. You can be financial secure wih a simple three fund lazy portfolio, but maintaining your longevity require a lot of hard work. Genetic issues asside, how physically active are we? How is...
by Jtf6
Mon Mar 31, 2014 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Time and benefits vs. money.
Replies: 21
Views: 2201

Re: Time and benefits vs. money.

I work for the federal government, and while we do have more work flexibility, if you want to rise (at least at my agency), you will be putting in some extra hours. With that said, I'm at work at 7 and out the door by 3:30. However, my door to door train commute is an hour... My personal opinion on ...
by Jtf6
Sat Mar 08, 2014 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a side job?
Replies: 59
Views: 8313

Re: Do you have a side job?

I've been thinking of a side job, but those are hard to find these days. Well, the ones that are worth my time. My plan is to work 10 hours of OT per month, which is $500 a month before taxes. I plan on dropping the net from my OT in to my Roth. Still, I wish I could find a real money maker. You kno...
by Jtf6
Thu Mar 06, 2014 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over tsp onto Roth and other financial ?
Replies: 9
Views: 1066

Re: Rolling over tsp onto Roth and other financial ?

Rolling over my $4k in to the Roth would allow me to make a max contribution for 2013. I don't understand this statement max contribution for what and how would rolling the TSP affect that? I have $4k in in my closed military account. I plan on opening a Roth before April 15th. I was told that I ca...
by Jtf6
Thu Mar 06, 2014 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Rolling over tsp onto Roth and other financial ?
Replies: 9
Views: 1066

Re: Rolling over tsp onto Roth and other financial ?

Another question is since I am a federal employee, I will be entitled to a FERS pension after 30 years. I predict that after it is all said and done, I will finish my career as a GS 14 step 10 at the least, which in my area is $150k a year. I have been in my agency for 9 years, and plan on doing a ...
by Jtf6
Thu Mar 06, 2014 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over tsp onto Roth and other financial ?
Replies: 9
Views: 1066

Re: Rolling over tsp onto Roth and other financial ?

Thanks! I read on here that keeping the money in the military tsp is a good idea because tsp is the cheapest fund to have; even cheaper than vanguard. Also so, something about the ability to roll over an IRA into the tsp. However, I guess I could do all of that with my main federal tsp. Rolling over...
by Jtf6
Thu Mar 06, 2014 1:20 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over tsp onto Roth and other financial ?
Replies: 9
Views: 1066

Rolling over tsp onto Roth and other financial ?

I am a former military reservist with $4k in a closed military tsp account. I currently work in the federal government with $140k in my federal tsp in their L40 cycle fund. I was once considering rolling over my military funds in to my federal tsp, but decided to keep the military account open and a...