Search found 268 matches

by EdLaFave
Tue Dec 19, 2017 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: How to hit full 401k contribution limit of $55,000?
Replies: 20
Views: 3553

Re: How to hit full 401k contribution limit of $55,000?

Can anybody provide sources so I can verify what has been said? Or perhaps a more detailed explanation? I've found blog posts that explicitly state employers can simultaneously offer matching contributions as well as non-elective contributions. https://401k-plan-blog.com/2011/05/18/non-elective-cont...
by EdLaFave
Mon Dec 18, 2017 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: How to hit full 401k contribution limit of $55,000?
Replies: 20
Views: 3553

How to hit full 401k contribution limit of $55,000?

I'll be maxing out my 401k and my employer match will only give me a few thousand more. That leaves me more than $30,000 short of the $55,000 employee/employer contribution limit. How do people hit that limit? My employer isn't going to change the matching rate, so are employers allowed to make an i...
by EdLaFave
Thu Dec 07, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Her 403b, My Self Employed 401k, IRA, what to do?
Replies: 5
Views: 468

Re: Her 403b, My Self Employed 401k, IRA, what to do?

I'm not informed well enough to comment on the retirement options available to those who are self employed. However, I can say a few things unrelated to that... She may have access to a 457(b) in addition to the 403(b), that is worth exploring. Lincoln sometimes offers a self-directed plan, which wo...
by EdLaFave
Thu Dec 07, 2017 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) Rollover to Vanguard from Current Employer
Replies: 6
Views: 534

Re: 403(b) Rollover to Vanguard from Current Employer

I'd expect she can roll it over to an IRA when she terminates employment, but not before. You can certainly lobby to add additional vendors other than TIAA. You should determine whether or not there are other options to invest in through TIAA. TIAA offers a 403(b) and 457(b) here in Orange County (F...
by EdLaFave
Tue Oct 10, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7332

Re: How big a portfolio should I have before retiring?

I can relate to that. I did something I really enjoyed and they paid me to do it. I had been doing it since I was school kid for fun and I made money doing it in high school. I loved it, it was fun, and it was challenging. Until it wasn't anymore. I spent a few more years doing it after that and ch...
by EdLaFave
Tue Oct 10, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7332

Re: How big a portfolio should I have before retiring?

Do your estimates of $58k-68k per year for living expenses include or not include your payments on the mortgage note? It includes the mortgage and all of the expected amortized cost of maintaining the home. Do those estimates include an amount to pay for your health insurance, copays and deductible...
by EdLaFave
Tue Oct 10, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7332

Re: How big a portfolio should I have before retiring?

At 65 their expenses will be in the ballpark of $140,000 counting 2.5% inflation. 140,000-48,000 = 92,000 it is unlikely that 1.5 the social security someone who is currently making $60,000 will be $92,000. Again, allow me to remind you. When I listed the expected value of the pension it is in toda...
by EdLaFave
Tue Oct 10, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7332

Re: How big a portfolio should I have before retiring?

You would retire with $309,000 in debt with $680,000 in assets for a net worth of $371,000 at 33? That is not my networth because you've completely ignored the hundreds of thousands of dollars of equity we have in our homoe. without having children that require care that seems like a very lopsided ...
by EdLaFave
Tue Oct 10, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7332

Re: How big a portfolio should I have before retiring?

By 45, in today's dollars, I can probably expect my portfolio to be around 2.5 million. That would give me a 2.7% withdrawal rate at my estimated 68k/year needs. That seems incredibly safe to me. What assumption are you making that will turn 680k into $5,28 million I haven't made an assumption that...
by EdLaFave
Mon Oct 09, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7332

Re: How big a portfolio should I have before retiring?

Not that you asked, but 30 years with one person working full-time and the other not working is a long time. I'm assuming no kids. No kids. I must be dense because I'm not sure why you link the perceived speed of time passing to one person working and one not working. I think your point was lost on...
by EdLaFave
Mon Oct 09, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7332

Re: How big a portfolio should I have before retiring?

I'll give your post careful consideration but I must admit that I had a strong reaction against the idea of waiting until 45 because it seems wildly conservative and it would bring me a great deal of unhappiness in my limited time on this planet. Based on rough mental calculations I just made: By 45...
by EdLaFave
Mon Oct 09, 2017 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7332

Re: How big a portfolio should I have before retiring?

I was not asking literally how much you would need to retire. I was asking, given my circumstances & goals, when would it be financially sound for me to retire. How big would my portfolio have to be? I want to avoid being blinded by my desire to retire...I want objective advice that I may be incapab...
by EdLaFave
Sat Oct 07, 2017 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7332

How big a portfolio should I have before retiring?

Basics Emergency funds: 2 months in cash. Debt: 309k mortgage @ 3.875%, 26 years left (Aug 2013 loan). No other debt. Fax Filing Status: Married filing jointly. Tax Bracket: 25% federal, 0% state State of Residence: Florida Age: 33 and 31 Desired Asset Allocation: 90% stocks and 10% bonds. Desired ...
by EdLaFave
Fri Aug 11, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for Picking 403 Company
Replies: 6
Views: 633

Re: Advice for Picking 403 Company

Just for the sake of being thorough it is probably a good idea to post all of the vendors for both the 403(b) and 457(b). I've read that Lincoln, in some locations, offers a participant directed plan. I'm told this is low-cost with quality funds. You should definitely look into that. ASPire offers t...
by EdLaFave
Sun Aug 06, 2017 11:23 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 170
Views: 21191

Re: Vanguard 403b Changes

letsgobobby, are you invested in Vanguard as a vendor or are you simply buying Vanguard funds through another vendor. If it is the former then this new structure will impact you. If is the latter then this new structure will not impact you. For example I own Vanguard funds through Security Benefit's...
by EdLaFave
Thu Jul 20, 2017 10:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 170
Views: 21191

Re: Vanguard 403b Changes

My understanding is that... Vanguard 403(b)s didn't have access to Admiral shares because Vanguard needed the extra revenue from Investor shares to pay for all of the overhead associated with dealing with 403(b)s. Vanguard is now offloading that work and is therefore happy to provide access to Admir...
by EdLaFave
Sun Jul 16, 2017 10:07 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 170
Views: 21191

Re: Vanguard 403b Changes

Who negotiated with TIAA? At my mid-size university, we can invest in its institution class mutual funds such as S&P 500 for 0.05% ER. Edit: We do not have any other fees. I learned something from your article, I did not realize that one can enter the plan number to get the list of available invest...
by EdLaFave
Sun Jul 16, 2017 9:14 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 170
Views: 21191

Re: Vanguard 403b Changes

Because your points 4, 5, and 6 are incorrect...Don't make blanket statements about TIAA when your employer is at fault. This'll be my last reply to you because you're being intentionally dense. 1. All of the points I made are accurate. 2. All of my statements have come from the OCPS (FL) perspecti...
by EdLaFave
Sun Jul 16, 2017 8:12 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 170
Views: 21191

Re: Vanguard 403b Changes

If you want people to take your website seriously I would recommend adding caveats to your webpage stating that these were the experiences of yourself and whomever else were part of these anecdotes. TIAA has a wide range of funds with ERs that vary from being competitive to being a bit over the top...
by EdLaFave
Sat Jul 15, 2017 5:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 170
Views: 21191

Re: Vanguard 403b Changes

I fight tooth and nail for 403(b)/457(b) reform and I do everything I can to help teachers navigate the system. Having said that, I think this thread represents a significant overreaction. I'll call Vanguard to get the exact details this week. It sounds like Vanguard is allowing you to build a 3 Fun...
by EdLaFave
Thu Jul 06, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Wife Got a New Job - Max 403b or Open Taxable Account?
Replies: 7
Views: 861

Re: Wife Got a New Job - Max 403b or Open Taxable Account?

I'm in a very similar situation as you are and I wanted to make two points: 1. I cannot stress this enough, the 403(b)/457(b) world is wildly exploitative. Be very careful and put in a lot of legwork to make sure you're investing in low cost, total market, index funds using a reputable vendor that i...
by EdLaFave
Thu Jul 06, 2017 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: [Portfolio help requested - 403(b) with Valic]
Replies: 2
Views: 295

Re: [Portfolio help requested - 403(b) with Valic]

Typically when you're dealing with a 403(b)/457(b) there are several vendors you can choose from. What is your list of vendors? Is it limited to Valic? Once you post that information, I can provide some guidance. You're going to want to choose a self directed option or the least bad alternative. The...
by EdLaFave
Thu Jul 06, 2017 5:09 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on AA before I make a change?
Replies: 5
Views: 603

Re: Thoughts on AA before I make a change?

The goal is not to make as much money as I can; the goal is to make enough money to meet my needs. If you listen to people like Bogle they'll tell you that they're not convinced all of this slicing and dicing will yield extra returns going forward. We know it has in the past, but survivorship bias ...
by EdLaFave
Sun Jun 25, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Quick Thoughts on 403(b) Asset Allocation?
Replies: 13
Views: 1007

Re: Quick Thoughts on 403(b) Asset Allocation?

I think most of the main points have been covered here but I'll add two things: 1. You're considering trusting the CFP. Never trust anybody when it comes to your money. At the end of the day, nobody cares about your money the way you do...and you certainly don't have a conflict of interest. 2. You s...
by EdLaFave
Tue Jun 06, 2017 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 80
Views: 9691

Re: Teachers: what are your best personal finance tips?

Just my two cents: 1. The decision to buy a home depends on many factors, you're suggesting to only consider one of them. I disagree. 2. I'd recommend financing EVERYTHING if you can get a rate at or below inflation. It can be strongly argued that you should finance above inflation as well. Many peo...
by EdLaFave
Sun Jun 04, 2017 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 80
Views: 9691

Re: Teachers: what are your best personal finance tips?

with this massive amount of info, why is it still a struggle? After all, TIAA-CREF has been around since the 1950's...You know we don't want to blame the victim, but I can't help myself. First of all, let's not hold TIAA up as model citizens. The cheapest quality portfolio you can build costs 0.63%...
by EdLaFave
Sat Jun 03, 2017 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 80
Views: 9691

Re: Teachers: what are your best personal finance tips?

I'm dreaming of starting a personal finance website for educators (school psychologist here) and would love to hear from other educators what their best personal finance tips are? Have you managed to accumulate a nice nest egg despite the sentiment that educators are underpaid and broke...and if so...
by EdLaFave
Thu May 18, 2017 6:05 pm
Forum: Investing - Help with Personal Investments
Topic: Is it better to stay at 19 or 24 paychecks per year?
Replies: 18
Views: 2039

Re: Is it better to stay at 19 or 24 paychecks per year?

It is a mathematical fact that you are better off getting your money as soon as humanly possible.

It is up to you to determine if you have psychological/behavioral traits that would make this less optimal...like spending all of your money simply because it is there :twisted:
by EdLaFave
Thu May 18, 2017 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my portfolio
Replies: 2
Views: 320

Re: Help with my portfolio

Hard to say if you're on track because you're quite literally just starting and haven't given much info. Max your retirement accounts at work, your IRA, and get some money into a taxable and you'll be doing great! You'll need to list the expense ratios for these funds but I have a hard time believin...
by EdLaFave
Thu May 18, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions - from a novice
Replies: 10
Views: 1353

Re: Portfolio Questions - from a novice

Few things... 1.) I'd exchange the investments in the IRAs for low cost, total market, index funds. 2.) That new 401k isn't great. I'd look at the 500 Index, total bond, total stock, and the vanguard target date funds closely. 3.) I'd strongly consider rolling over the old 401k to an IRA so you can ...
by EdLaFave
Thu May 18, 2017 5:14 pm
Forum: Investing - Theory, News & General
Topic: Milestone and not peeking. . .
Replies: 66
Views: 9282

Re: Milestone and not peeking. . .

Congratulations on your milestone! I think it is important to celebrate these events otherwise it can feel like a real slog. I hope your hard work brings you a lot of happiness and satisfaction. Enjoy it!
by EdLaFave
Wed May 17, 2017 11:21 pm
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 9600

Re: 100% VTSAX need advice

I disagree with Bogle (words that often come before a foolish statement) because I believe that diversification is a great thing. Simple as that, investing 101. When I listen to Bogle speak on the matter I do sense an emotional/patriotic tone in his voice that isn't entirely cold and calculated, tha...
by EdLaFave
Tue May 16, 2017 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 9600

Re: 100% VTSAX need advice

my total return will be affected if I make it 75% VTSAX and 25% VBLTX? Adding bonds will decrease expected returns but buy you stability. If you search these forms you'll find discussions about how adding a small amount of bonds (can't remember how much, 10% maybe) will actually increase your risk ...
by EdLaFave
Tue May 16, 2017 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 9600

Re: 100% VTSAX need advice

I like to be more optimistic, and thus hold 55% Total US Stock Market, and 20% US Small-cap Value...I still think holding only US equities at this time is a poor decision. I think most would agree that holding only US equities is bad regardless of what the market may be doing...although I get the s...
by EdLaFave
Tue May 16, 2017 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Husband got a new job, need help with retirement and saving plan
Replies: 15
Views: 1144

Re: Husband got a new job, need help with retirement and saving plan

I looked up the limits and we'll need to make less than 184K to contribute to the Roth IRA. We'll be under this threshold. Thanks, I'll see if other there are other plan options. Two things: 1. You can actually make much more than 184k because the 184k is based on your modified adjusted gross incom...
by EdLaFave
Tue May 16, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Invest in My Company's 401K Even Though I Might Leave in A Few Months?
Replies: 7
Views: 778

Re: Should I Invest in My Company's 401K Even Though I Might Leave in A Few Months?

Generally, yes contribute. When I knew I was going to leave a company it only made me want to contribute more because I knew I'd quickly roll it over into an IRA where the fees were much lower.
by EdLaFave
Tue May 16, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Husband got a new job, need help with retirement and saving plan
Replies: 15
Views: 1144

Re: Husband got a new job, need help with retirement and saving plan

The IRS limits or eliminates your ability to contribute to a Roth IRA if you make too much money. However, there is a loop hole called the Backdoor Roth which lets you get money into the Roth anyways. If you've already got pre-tax money in an IRA this maneuver becomes less appealing. https://www.irs...
by EdLaFave
Tue May 16, 2017 7:26 pm
Forum: Investing - Help with Personal Investments
Topic: 100% VTSAX need advice [Vanguard Total Stock Market]
Replies: 65
Views: 9600

Re: 100% VTSAX need advice

From my point of view, this is more of an internal question than something anybody can help you with. You obviously know stocks can lose half their value and take years maybe more than a decade to recover. You know we're on a 10 year bull market. You know your lifestyle, fallback plans, etc...so can...
by EdLaFave
Tue May 16, 2017 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: Husband got a new job, need help with retirement and saving plan
Replies: 15
Views: 1144

Re: Husband got a new job, need help with retirement and saving plan

imaconfused wrote:Do you know if the rollover counts towards the maximum 18K contribution for the year?
It does not but this may not be the best choice.
by EdLaFave
Tue May 16, 2017 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Husband got a new job, need help with retirement and saving plan
Replies: 15
Views: 1144

Re: Husband got a new job, need help with retirement and saving plan

I don't know a bunch about 401(a). I don't know the details about your husband's 457(b) either. Having said that you should consider rolling the 401(a) into a Rollover IRA because it may have lower expenses than the 457(b). Creating a Rollover IRA can have negative implications if you ever plan to d...
by EdLaFave
Tue May 16, 2017 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie investing questions
Replies: 20
Views: 1959

Re: Newbie investing questions

What the heck is an "allocation fee"? I may be missing something but if I'd max out my 401k, then max out my IRA, and then contribute to taxable. You may have a good reason for not doing it but it is something to think about. What are you trying to accomplish in your proposed IRA/taxable? More speci...
by EdLaFave
Tue May 16, 2017 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: 403/457 Advice and Investment Check-Up Please
Replies: 8
Views: 713

Re: 403/457 Advice and Investment Check-Up Please

Just my two cents: 1.) I would prefer the traditional over the roth for the 403b/457b. With the Roth you are paying at your highest bracket now. With a traditional you get to fill up the lower brackets when you pull the money out in retirement. In most cases this'll give you a lower effective tax ra...
by EdLaFave
Tue May 16, 2017 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Future Home Buyer Advice
Replies: 7
Views: 794

Re: Future Home Buyer Advice

I could always pull my original investment and let the rest ride. This is a psychological error based on irrelevant data. If it isn't a good long term investment then you shouldn't be invested in it at all (regardless if it has made or lost you money in the past). ...in terms of the house, I'd appr...
by EdLaFave
Fri May 12, 2017 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help me quantify exactly how expensive AXA is.
Replies: 9
Views: 4392

Re: Help me quantify exactly how expensive AXA is.

This rep is the Divisional Vice President of the Central Florida Branch of AXA Advisors. If I had to bet, he understood the product and it was deceit more than ignorance. Don't worry, we aren't considering AXA. Quite the opposite really. I'm trying to educate OCPS employees about their best options,...
by EdLaFave
Fri May 12, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help me quantify exactly how expensive AXA is.
Replies: 9
Views: 4392

Re: Help me quantify exactly how expensive AXA is.

The plan is called "Equi-vest Strategies (Series 900) Variable Annuity" The only thing the agent has given me in writing is the list of funds and their expense ratios. The AXA agent didn't say what the 0.9% "management fee" was, so I'm not sure how it is broken down. Any time I brought up fees (whic...
by EdLaFave
Fri May 12, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help me quantify exactly how expensive AXA is.
Replies: 9
Views: 4392

Re: Help me quantify exactly how expensive AXA is.

...according to the AXA agent, the AXA Retirement 360 plan isn't available in Florida.
by EdLaFave
Fri May 12, 2017 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Help me quantify exactly how expensive AXA is.
Replies: 9
Views: 4392

Re: Help me quantify exactly how expensive AXA is.

Thanks for the reference to AXA Retirement 360. I specifically told the rep I want to understand every option/plan/product I could have if I were to enroll with AXA. The rep never mentioned this. I'm currently trying to dig in to figure out if AXA Retirement 360 is available in Florida or if the rep...
by EdLaFave
Thu May 11, 2017 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Objectively critique an AXA recommended portfolio.
Replies: 16
Views: 1244

Re: Objectively critique an AXA recommended portfolio.

I enjoyed reading your web page and thought you did a great job in your 3 minutes of information. Thank you, I really appreciate it. It was a brand new experience for me. I've always kept my head down and never gotten involved in anything like this, certainly not anything with the government. I fel...
by EdLaFave
Thu May 11, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Objectively critique an AXA recommended portfolio.
Replies: 16
Views: 1244

Re: Objectively critique an AXA recommended portfolio.

Thanks for all of the feedback, I've been incorporating a good chunk of it into the page of my website dedicated to explaining the 'bad' plans in OCPS (FL) 403b/457b plans, https://educatorsfightingforfairness.wordpress.com/inferior-plans. I'm happy to receive any type of feedback but I really want ...