Search found 281 matches

by EdLaFave
Thu May 24, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 60
Views: 9626

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

50 x annual spending is very conservative. If 50 x annual spending is what it takes to make you feel comfortable, so be it. I understand that you're probably speaking to Ron Scott and/or Sandtrap, but I agree that a 2% (50x annual spending) withdrawal rate is extremely conservative. I'll go part ti...
by EdLaFave
Wed May 23, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 60
Views: 9626

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

I let many months pass and emotion dissipate before re-reading this thread. I just wanted to thank everybody for their input, which caused me to make three changes. #1, I've reduced my planned withdrawal rate from 4% to a more reasonable 3%. #2, I've reduced my spending quite a bit. It wasn't worth ...
by EdLaFave
Tue Apr 24, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: 403b
Replies: 32
Views: 2350

Re: 403b

I'm not familar with every single one of those, but I think you'd be hard pressed to find a better plan than Security Benefit's NEA Direct Invest option (Fidelity and Vanguard are the only competition). I'm enrolled in that plan and I absolutely love it. I documented the plan here . I documented how...
by EdLaFave
Tue Apr 24, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth option within 403b
Replies: 8
Views: 476

Re: Roth option within 403b

I just wanted to provide a mathematical foundation that may not be immediately obvious to everybody. For each dollar you invest in a Traditional/Roth account you'll get theses results: Traditional = $1 * (1 + Growth Rate) ^ (n years) * (1 - tax rate in retirement) Roth = $1 * (1 - highest current ta...
by EdLaFave
Tue Apr 24, 2018 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Maxing out 403(b) early in year
Replies: 10
Views: 691

Re: Maxing out 403(b) early in year

Just my two cents: 1. I suppose the only way you can put 100% of successive paychecks into a 403b is if you have a large cash reserve to pay your monthly bills. Perhaps that means you're spending down your emergency fund, which is obviously a risk. If not I guess that implies that you "planned" for ...
by EdLaFave
Tue Apr 24, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: 403b
Replies: 32
Views: 2350

Re: 403b

Resources that might be helpful: I wrote about the AXA 403b plan offered here in Orange County, Fl. It is very bad. I documented the best 403b/457b plans here in Florida, it is probably a good starting point for your area as well. Advice I agree with: 1. Use low cost, total market, index funds (Van...
by EdLaFave
Mon Apr 02, 2018 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) / 457(b) Selection and Vendor Advice
Replies: 21
Views: 1068

Re: 403(b) / 457(b) Selection and Vendor Advice

I just wanted to second what Krow said about aspire most likely being your best option. Thanks for plugging my site 👍 btw. You can also push your district to add an even better vendor, but I’d say you’re probably already in better shape than the median district. I believe districts can negotiate the...
by EdLaFave
Mon Mar 05, 2018 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Teacher with 403b, looking for advice!
Replies: 17
Views: 1162

Re: Teacher with 403b, looking for advice!

I'm a little late to the thread, but I just wanted to confirm that Fidelity is one of the best 403b vendors in the state. If I were in your situation, I'd switch to them. Because Fidelity is so low cost, I personally wouldn't bother with an IRA until/if you're able to max out the 403b. At that point...
by EdLaFave
Mon Feb 12, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Carryover loss tax question?
Replies: 2
Views: 209

Re: Carryover loss tax question?

The Schedule D output ends up on Line 13 i think. Thanks. I must just be tired. I ultimately didn't follow the instructions on Schedule D correctly. I ignored the instructions right after Line 16 that told me to go to Line 21, which ultimately caused me to never reach Line 21. Line 21 is the line t...
by EdLaFave
Mon Feb 12, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Carryover loss tax question?
Replies: 2
Views: 209

Carryover loss tax question?

I'm working on my taxes (by hand). I'm trying to carry over losses from a previous year and I assume that means Line 13 on form 1040 will ultimately be set to -3,000. However, when reading through the instructions, it isn't clear how I'm supposed to get to that end result? Line 13 instructs me to fi...
by EdLaFave
Sat Feb 10, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: 403b search for better options
Replies: 8
Views: 550

Re: 403b search for better options

Just for context, this thread spawned out of this thread . It is great that Security Benefit NEA DirectInvest is an option because it is an elite plan. However, since you're having trouble enrolling, it is worth figuring out exactly which vendors are available under both the 403b and 457b banners. F...
by EdLaFave
Sat Feb 10, 2018 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 131
Views: 19688

Re: Great 403b for teachers?

Where is a class action lawsuit I can join? My memory is fuzzy, but it seems everybody (myself included) who signed up for NEA DirectInvest got nothing but trouble when actually talking to Security Benefit people. However, if they filled out the correct forms and followed the correct procedures the...
by EdLaFave
Sat Feb 10, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Great 403b for teachers?
Replies: 131
Views: 19688

Re: Great 403b for teachers?

Lolly123, I am happy to help you in any way possible. Your experience mirrors mine so very closely. I documented how I enrolled in Security Benefit's NEA DirectInvest here . Some of that is specific to OCPS (FL), but I hope you find it helpful. I documented the frustrating nonsense we had to fight t...
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: 4598

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: 4598

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: 574

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: 656

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: 60
Views: 9626

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: 60
Views: 9626

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: 60
Views: 9626

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: 60
Views: 9626

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: 60
Views: 9626

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: 60
Views: 9626

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: 60
Views: 9626

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: 60
Views: 9626

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: 60
Views: 9626

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: 731

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: 175
Views: 24856

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: 175
Views: 24856

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: 175
Views: 24856

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: 175
Views: 24856

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: 175
Views: 24856

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: 175
Views: 24856

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: 971

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: 362

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: 694

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: 1179

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: 91
Views: 13051

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: 91
Views: 13051

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: 91
Views: 13051

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: 2163

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: 348

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: 1466

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: 9725

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: 66
Views: 11976

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: 66
Views: 11976

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: 66
Views: 11976

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: 1266

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: 846

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: 1266

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...