Search found 419 matches

by EdLaFave
Mon May 25, 2020 12:46 pm
Forum: Personal Investments
Topic: Timing the Market
Replies: 8
Views: 681

Re: Timing the Market

As an example, I started buying the Vanguard S&P 500 fund back in the 90s. It was under $100 per share. As of 5/22/20 it's at $273.64. If I’m using Morningstar correctly, a 10k investment in the S&P500 made on Jan 1st, 1995 is now worth just over 104k. Since OP can’t go back to 95, the next best ti...
by EdLaFave
Fri Feb 21, 2020 8:38 am
Forum: Personal Investments
Topic: 457 b investment option
Replies: 3
Views: 276

Re: 457 b investment option

This so much better than my 403b options. The index fund is .16%. Is there any reason why I should not max 457 b first and then 403b? FYI, I believe the NYS 457b adds on 3 basis points, charges $20 per year, and according to this link , that fund costs exactly 0.0084%. Your phrasing is unclear. The...
by EdLaFave
Tue Feb 11, 2020 10:20 pm
Forum: Personal Investments
Topic: contacting 403b agent
Replies: 9
Views: 484

Re: contacting 403b agent

If she is retired then I don’t see any reason you wouldn’t just rollover the account to an IRA at your favorite vendor with rock bottom fees.
by EdLaFave
Tue Feb 11, 2020 3:50 pm
Forum: Personal Investments
Topic: contacting 403b agent
Replies: 9
Views: 484

Re: contacting 403b agent

Is your wife a K-12 employee? If so I'm going to safely assume that Voya charges high fees and they're exploiting investors. If I were you I'd ask the district and/or the district's Third Party Administrator (TPA) to give you the list of approved vendors for both the 403b and 457b. Often you can goo...
by EdLaFave
Tue Feb 04, 2020 9:24 am
Forum: Personal Investments
Topic: 403B Need to move it
Replies: 4
Views: 376

Re: 403B Need to move it

I documented the Fidelity 403b plan here. I've listed the fees as well as the funds you can use to build a fully diversified 3 fund portfolio as well as the funds you can use for a single all-in-one fund.
by EdLaFave
Mon Jan 27, 2020 1:38 pm
Forum: Personal Investments
Topic: Which of these is best for 403B?
Replies: 7
Views: 519

Re: Which of these is best for 403B?

Security Benefits' NEA DirectInvest 403b is the best option. I documented it here . The CalSTRS plan comes in 2nd place. I wouldn't use them though because their fees are too high for my liking. Don't forget you can get the district to add Fidelity (403b and 457b) and Vanguard (403b). Also, don't fo...
by EdLaFave
Thu Jan 23, 2020 3:21 pm
Forum: Personal Investments
Topic: Bad 403b options.. Keep in taxable?
Replies: 20
Views: 774

Re: Bad 403b options.. Keep in taxable?

csmath wrote:
Thu Jan 23, 2020 3:19 pm
Are you a member of NEA?

I don't know the details... but there is this: NEA® DirectInvest
You don’t need to be a member of NEA to use NEA DirectInvest, you need to have Security Benefit be an approved 403b vendor.
by EdLaFave
Thu Jan 23, 2020 2:19 pm
Forum: Personal Investments
Topic: Bad 403b options.. Keep in taxable?
Replies: 20
Views: 774

Re: Bad 403b options.. Keep in taxable?

Understandable on what distributes what, i'm more worried about imputing such into tax software (if i needed to). Like i said i have a tax guy at the moment but who knows in the future. I do my taxes by hand because I'm a crazy person. However, just for fun I did enter my taxes into Turbo Tax and i...
by EdLaFave
Thu Jan 23, 2020 2:01 pm
Forum: Personal Investments
Topic: Bad 403b options.. Keep in taxable?
Replies: 20
Views: 774

Re: Bad 403b options.. Keep in taxable?

I was researching 401k/403b. My school only offers two 403 b options (valic and axa) and the fees are ridiculous It would be helpful if you provided information about the fees and funds available in those plans. I documented AXA's offerings in OCPS (FL) here . Perhaps more importantly, it would be ...
by EdLaFave
Fri Jan 17, 2020 12:05 pm
Forum: Personal Investments
Topic: Pension Plus 457 Plan
Replies: 27
Views: 2229

Re: Pension Plus 457 Plan

Is it fair to say this post could have been condensed into, "I'm confident my pension and SS will cover all of my living expenses and my portfolio will pass to my heirs untouched, what should the asset allocation be?" I'll just accept your premise without question and assume you'll never need the mo...
by EdLaFave
Thu Jan 16, 2020 8:22 am
Forum: Personal Investments
Topic: Inherited money. Invest now or max contribute in 403b and 457 over 2 years?
Replies: 34
Views: 1696

Re: Inherited money. Invest now or max contribute in 403b and 457 over 2 years?

the 457 is through the state of Ohio. The fees are very low, with a yearly cap of around $200. The other plan is through our school district, and they use Voya. I should know the answer to this, but I'm not exactly sure of the fees, but they are minimal. I believe the 457b's administration fee is 0...
by EdLaFave
Thu Jan 16, 2020 7:48 am
Forum: Personal Investments
Topic: Inherited money. Invest now or max contribute in 403b and 457 over 2 years?
Replies: 34
Views: 1696

Re: Inherited money. Invest now or max contribute in 403b and 457 over 2 years?

I will be using vanguard funds to fund the accounts. Okay, but what vendors are you using in your 403b and 457b to purchase these Vanguard funds? The answer to that question is important because it isn't unusual for vendors to offer "low cost" Vanguard funds and then charge huge fees on top of the ...
by EdLaFave
Wed Jan 15, 2020 3:18 pm
Forum: Personal Investments
Topic: Inherited money. Invest now or max contribute in 403b and 457 over 2 years?
Replies: 34
Views: 1696

Re: Inherited money, 403B, 457, solo 401k...I need help

I have inherited money to invest, and I am now funding a 403B acccount at school for my wife and I, as well as a 457 for both of us. Please list the vendors you're using for the 403b and 457b. Please list all available vendors as well. I also do not have a Roth option in any of my employer plans cu...
by EdLaFave
Wed Jan 15, 2020 3:10 pm
Forum: Personal Investments
Topic: 403b and roth ira income limit question
Replies: 4
Views: 295

Re: 403b and roth ira income limit question

Just to be clear, I'm under the impression that 403b accounts (or employer sponsored accounts in general) do not have income restrictions. Please provide a link if I'm wrong.
by EdLaFave
Wed Jan 15, 2020 3:08 pm
Forum: Personal Investments
Topic: Inherited money. Invest now or max contribute in 403b and 457 over 2 years?
Replies: 34
Views: 1696

Re: Inherited money. Invest now or max contribute in 403b and 457 over 2 years?

would be able to live how we want with no investment money. That's a very bold claim, but ok. My plan is to max out our 403B account and the 457 account for both me and my wife over the next two years. What vendors are you using to do this? My question is should I take the two years to get the mone...
by EdLaFave
Wed Jan 08, 2020 8:30 am
Forum: Personal Investments
Topic: Which fund to choose - Wife's 457 Plan
Replies: 11
Views: 746

Re: Which fund to choose - Wife's 457 Plan

school district uses TCGServices as the administrator. TCG is the only option for 457, we are opening a 403b through Vanguard. It’s 0.6% total for management fees, previous-threads have stated that it’s still worth it at that level. I'm not familiar with TCG, but I thought you said they were the Th...
by EdLaFave
Tue Jan 07, 2020 9:26 am
Forum: Personal Investments
Topic: Which fund to choose - Wife's 457 Plan
Replies: 11
Views: 746

Re: Which fund to choose - Wife's 457 Plan

Wife new school district uses TCGServices as the administrator. You haven't told us what vendor she is using. The vendor matters quite a bit because they charge fees in addition to the expense ratio. You haven't told us what vendors are available to her, both in the 457b as well as the 403b. Again,...
by EdLaFave
Fri Jan 03, 2020 11:29 am
Forum: Personal Investments
Topic: What should I do with my 403B now
Replies: 10
Views: 898

Re: What should I do with my 403B now

I have Vanguard and Fidelity available in 403b and Fidelity available for a 457 plan. Congrats, you'll do well with either vendor. I documented both plans with respect to fees and the best funds to use for building a fully diversified portfolio. Vanguard is documented here . Fidelity is documented ...
by EdLaFave
Thu Jan 02, 2020 9:08 am
Forum: Personal Investments
Topic: What should I do with my 403B now
Replies: 10
Views: 898

Re: What should I do with my 403B now

I just want to second what fortfun said. If all you've got is high cost vendors then roll it over into a low cost IRA. The only con to that approach is that it makes doing backdoor roth IRA contributions less desirable, but that may not be something you ever intend to do. I've successfully gotten OC...
by EdLaFave
Wed Nov 27, 2019 1:00 pm
Forum: Personal Investments
Topic: 403b stuck with Valic. Help!
Replies: 11
Views: 687

Re: 403b stuck with Valic. Help!

First of all, I understand your frustration. The world of 403b and 457b plans is absolutely terrible. I get it. I would never take a Valic 403b from an old employer and roll it over into a new Valic 403b at my current employer. Absolutely not. The fees are too high and you'd just be signing up for m...
by EdLaFave
Sat Nov 23, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died. Sister now in shady real estate deal with Mom’s property.
Replies: 41
Views: 8044

Re: Mom died. Sister now in shady real estate deal with Mom’s property.

It appears from your replies that you are in the process of hiring an attorney. That is the best course of action if you are at all interested in pursuing this. Of course, you should understand that before any inheritance is distributed to the heirs, all of the debts of the estate are paid. If your...
by EdLaFave
Sat Nov 23, 2019 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Mom died. Sister now in shady real estate deal with Mom’s property.
Replies: 41
Views: 8044

Re: Mom died. Sister now in shady real estate deal with Mom’s property.

If your mother died a year ago, you should hire a lawyer to properly probate the estate. For the past year, who did you expect was doing this? As I said, I was given apparently false information that my mother was entirely underwater financially. That completely fit with everything I knew about her...
by EdLaFave
Thu Nov 21, 2019 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died. Sister now in shady real estate deal with Mom’s property.
Replies: 41
Views: 8044

Re: Mom died. Sister now in shady real estate deal with Mom’s property.

Is your sister on the deed? You can go to your mom’s town or city hall to get a copy of the recorded deed to see whose name(s) is(are) on it You, or your attorney, should check with the local registrar of deeds to see how the property was titled (held). My mom is the only person on the deed. Althou...
by EdLaFave
Thu Nov 21, 2019 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Mom died. Sister now in shady real estate deal with Mom’s property.
Replies: 41
Views: 8044

Mom died. Sister now in shady real estate deal with Mom’s property.

My mom died without a will. My sister and her husband signed a set of documents with some “real estate investment” company to “put them on the deed” of my mom’s house. They gave my sister a signing bonus and promised to pay her 10k in the future. My sister understands nothing and just wanted “free m...
by EdLaFave
Tue Aug 06, 2019 2:42 pm
Forum: Personal Investments
Topic: Divorce: itemizing and TLH
Replies: 7
Views: 837

Divorce: itemizing and TLH

A couple questions: 1. Suppose a couple jointly owned a home, divorced in the middle of the year, and immediately sold that home. For that tax year, can one person make use of the mortgage to itemize while the other person uses the standard deduction? Do the individuals get to decide who itemizes an...
by EdLaFave
Thu Jul 25, 2019 4:52 pm
Forum: Personal Investments
Topic: Apply the standard deduction, ordinary vs qualified income.
Replies: 3
Views: 755

Re: Apply the standard deduction, ordinary vs qualified income.

Thanks for confirming the results. Perhaps I’m tired, but I’ll need to think about whether or not your algorithm is functionally equivalent to mine...I’m confused at the moment.

If anybody else can confirm or correct, I’d appreciate it.
by EdLaFave
Sat Jul 20, 2019 2:41 pm
Forum: Personal Investments
Topic: Apply the standard deduction, ordinary vs qualified income.
Replies: 3
Views: 755

Apply the standard deduction, ordinary vs qualified income.

Please confirm or correct my understand of the tax code. For the sake of simplicity, let's assume MFJ and let's pretend that the standard deduction, ordinary income from a job, and a long term qualified gain from selling a stock are the only relevant parts of the tax code. I'll use three examples to...
by EdLaFave
Mon Jul 15, 2019 10:47 pm
Forum: Personal Investments
Topic: Teacher 403B Plans
Replies: 31
Views: 2794

Re: Teacher 403B Plans

Socrates wrote:
Mon Jul 15, 2019 10:33 pm
the one you mention is VFIDX.
Thanks. I wish Vanguard would have posted symbols in that PDF.

Somebody I know told me they have access to VBILX. It isn’t clear if they’re wrong or not, I can only take their word for it.
by EdLaFave
Mon Jul 15, 2019 10:42 pm
Forum: Personal Investments
Topic: Teacher 403B Plans
Replies: 31
Views: 2794

Re: Teacher 403B Plans

So are you able to choose any vendor and set up your own 403b plan if you don’t like what your school district offers? Somebody on this thread claims the answer is yes. That runs counter to my experience and the experience of everybody I’ve talked to who has experience with 403bs. I can always be s...
by EdLaFave
Mon Jul 15, 2019 10:23 pm
Forum: Personal Investments
Topic: Teacher 403B Plans
Replies: 31
Views: 2794

Re: Teacher 403B Plans

Fidelity, for example, offers all its funds for 403(b) clients. Vanguard doesn't offer many of its popular and IMHO quality funds like Wellesley, Wellington, VBILX, International Explorer, etc. I’ve been told Fidelity does not offer all of its funds to 403b clients. Specifically I was told Fidelity...
by EdLaFave
Mon Jul 15, 2019 9:17 pm
Forum: Personal Investments
Topic: Teacher 403B Plans
Replies: 31
Views: 2794

Re: Teacher 403B Plans

No......Here is the list from the 403(b) website which matches my fund choices also: https://www.vanguard.com/pdf/403BINVT.pdf I didn’t take the time to see if this list is equal to the list others have sent me. However, my confusion centers on your use of the words “limited fund choices”. It’s har...
by EdLaFave
Mon Jul 15, 2019 8:34 pm
Forum: Personal Investments
Topic: Teacher 403B Plans
Replies: 31
Views: 2794

Re: Teacher 403B Plans

Vanguard is obviously excellent, but they have limited fund choices with 403(b). My 403(b) fund is primarily Vanguard index funds: TSM, Small Cap Index, Corporate Bond, Health care, REIT. I believe your employer likely negotiated to have Vanguard offer only a subset of funds. If you ever look into ...
by EdLaFave
Sat Jul 13, 2019 10:58 am
Forum: Personal Investments
Topic: Teacher 403B Plans
Replies: 31
Views: 2794

Re: Teacher 403B Plans

How? I've been trying for years... Can you please provide some details? Every district is different and I don't pretend to have all of the answers, but I'll lay out my general recommendations based on my experience. Do Your Homework 1. Fully understand the vendors/plans currently approved by your d...
by EdLaFave
Fri Jul 12, 2019 12:47 pm
Forum: Personal Investments
Topic: Teacher 403B Plans
Replies: 31
Views: 2794

Re: Teacher 403B Plans

This list has several “great” to “reasonable enough” options: Vanguard, documented here Security Benefit’s NEA DirectInvest, documented here . Lincoln’s PDP Aspire, documented here . PlanMember Direct, documented here . Remember, you can always get your district to add Fidelity and/or Vanguard to th...
by EdLaFave
Sat Jul 06, 2019 2:46 pm
Forum: Personal Investments
Topic: 403B and 457 Plan Options
Replies: 12
Views: 949

Re: 403B and 457 Plan Options

The Roth vs Traditional is an endless debate. The right answer will depend on your particulars. Assuming your marginal tax rate now and when you withdraw the money is the same, then it doesn't make a difference. I think this needs a bit of clarification. If a dollar you invest today will eventually...
by EdLaFave
Sat Jul 06, 2019 12:44 pm
Forum: Personal Investments
Topic: 403B and 457 Plan Options
Replies: 12
Views: 949

Re: 403B and 457 Plan Options

I totally get it. I wanted to teach math, physics, and/or computer science courses. A department head explained to me that they’re only hiring adjuncts who are basically paid minimum wage, have no guarantee of consistent hours, and may or may not, after many years, become tenured. I’ve read several ...
by EdLaFave
Thu Jul 04, 2019 11:15 am
Forum: Personal Investments
Topic: 403B and 457 Plan Options
Replies: 12
Views: 949

Re: 403B and 457 Plan Options

- I am planning on contributing 10% of my salary to the 403b plan for now and then put a little extra in the 457 plan. They offer a Roth 403B and a traditional 403B, but I am not sure which one is my best option. Which one should I should I start with? - I don't care much for their choice of invest...
by EdLaFave
Wed Jul 03, 2019 5:51 pm
Forum: Personal Investments
Topic: 403b's and 457b's and HSAs, Oh my! + early retirement
Replies: 13
Views: 1758

Re: 403b's and 457b's and HSAs, Oh my! + early retirement

I've never heard of a state run 403b and given that it is managed by Fidelity, it surprises me that there aren't any Fidelity funds available. At any rate, you can build a fully diversified stock portfolio with the following funds: International VEMIX Vanguard Emerging Markets = 0.10% VTMNX Vanguard...
by EdLaFave
Wed Jul 03, 2019 11:41 am
Forum: Personal Investments
Topic: 403b's and 457b's and HSAs, Oh my! + early retirement
Replies: 13
Views: 1758

Re: 403b's and 457b's and HSAs, Oh my! + early retirement

1. I’m curious how your state retirement plan works. What investment options are available? What are the costs? What are the contribution limits/rules? What are the tax implications? 2. You’ve used language that seems to link the state retirement plan with a 403b, what’s going on here? 3. List the a...
by EdLaFave
Wed Jul 03, 2019 11:32 am
Forum: Personal Investments
Topic: Teacher Looking To Stop 403b Contributions
Replies: 46
Views: 3206

Re: Teacher Looking To Stop 403b Contributions

1. Please list every 403b vendor your district has approved. I can help you pick the best one, if you’re paying a 1% AUM fee then you likely have a better option. 2. Most teachers also have a 457b, do you? If so list every 457b your district has approved. 3. In addition to the 457b vendors, sometime...
by EdLaFave
Thu Jun 27, 2019 5:04 pm
Forum: Personal Investments
Topic: Traditional IRA Deduction Eligibility? 403b?
Replies: 6
Views: 361

Re: Traditional IRA Deduction Eligibility? 403b?

Lincoln Investment offers a Participant Directed Plan (PDP) in specific areas, New Jersey is one. That plan is absolutely worth using, the folks at 403bwise talk about it a good amount. Here is one thread: https://board.403bwise.com/topic/6361-lincoln-investments-participant-directed-platform/ Do yo...
by EdLaFave
Sun Jun 23, 2019 4:44 pm
Forum: Personal Investments
Topic: I don't understand which accounts to place investments in
Replies: 6
Views: 910

Re: I don't understand which accounts to place investments in

I figured a quick explanation of account types may be in order... At the highest level you have tax advantaged accounts (401k, IRA, HSA, etc.) and taxable accounts. When you own a fund in a taxable account it will generate distributions (dividends and capital gains) based on the stocks the fund hold...
by EdLaFave
Mon Jun 10, 2019 3:07 pm
Forum: Personal Investments
Topic: Do any teachers here use Aspire for 457 or 403(b) plans
Replies: 6
Views: 636

Re: Do any teachers here use Aspire for 457 or 403(b) plans

I documented Aspire here . You don’t need and shouldn’t use an advisor. It isn’t as good as elite plans like Vanguard and Fidelity. It’s in the next tier and still very much worth using if you’re already maxing out the Vanguard 403b and your IRA. If you’re in the right state, they may offer a state ...
by EdLaFave
Tue Jun 04, 2019 8:28 pm
Forum: Personal Investments
Topic: Really Bad 403(b) Options
Replies: 25
Views: 1504

Re: Really Bad 403(b) Options

The 403b/457b world is a different animal. The folks saying that there must be good options or somebody should be there to provide information...well, that doesn’t match my experience. There is almost never some impartial third party that can just give you the information, instead you’re told to con...
by EdLaFave
Sun May 26, 2019 12:08 pm
Forum: Personal Investments
Topic: help with 403b committee fund changes
Replies: 10
Views: 751

Re: help with 403b committee fund changes

I was able to get our school district OCPS (FL) to add Vanguard and Fidelity to their 403b/457b line up (wrote about it several times on the blog section of my site). You can ask me questions if you’d like. Your first job is to educate and persuade everybody on the committee about what needs to be a...
by EdLaFave
Fri May 17, 2019 9:11 am
Forum: Personal Investments
Topic: 403b vs Roth 403b?
Replies: 20
Views: 1445

Re: 403b vs Roth 403b?

FiveK wrote:
Thu May 16, 2019 8:30 am
Anyway, seems we agree on things. :sharebeer
Absolutely :sharebeer
by EdLaFave
Thu May 16, 2019 8:15 am
Forum: Personal Investments
Topic: 403b vs Roth 403b?
Replies: 20
Views: 1445

Re: 403b vs Roth 403b?

Fortunately for financial optimization, however, the tax code doesn't force one to choose between 100% one or the other for an entire career. It is nice to have that flexibility. I wonder how many need and/or use it (I don’t). Once the expected marginal rate on withdrawals exceeds (or even equals -...
by EdLaFave
Thu May 16, 2019 6:26 am
Forum: Personal Investments
Topic: 403b vs Roth 403b?
Replies: 20
Views: 1445

Re: 403b vs Roth 403b?

Yes, as I suggested the effective tax rate is ultimately “irrelevant”. However, it is especially difficult to predict the marginal tax rate of each individual Traditional dollar in retirement. My point in bringing up the effective tax rate was: 1. If one was choosing between 100% Roth or 100% Tradit...
by EdLaFave
Wed May 15, 2019 1:54 pm
Forum: Personal Investments
Topic: 403b vs Roth 403b?
Replies: 20
Views: 1445

Re: 403b vs Roth 403b?

You haven’t really given enough information to answer a question that is already unanswerable (it requires knowledge of future tax rates, age of death, future SS policy, market return, etc), but you should read this: https://thefinancebuff.com/case-against-roth-401k.html I wrote software to model gr...
by EdLaFave
Wed May 15, 2019 11:27 am
Forum: Personal Investments
Topic: Help my broker is trying to freak me out
Replies: 94
Views: 15373

Re: Help my broker is trying to freak me out

Abandon the notion that this asset is “high” and this one is “low”. Embrace the reality that you can’t predict the future, except that a diversified portfolio will grow your wealth over decades, and then dump every spare penny into a reasonable allocation that doesn’t change with the seasons.

Done.