Search found 265 matches

by MNGopher
Mon Oct 15, 2018 10:36 pm
Forum: Personal Consumer Issues
Topic: trip to Grand Cayman & dieting
Replies: 34
Views: 2016

Re: trip to Grand Cayman & dieting

I believe occasional dieting and fasting is a waste of time. When you skip meals your body thinks it's starving and will start turning the next thing you eat to fat. You might lose weight or maintain but you lose muscle mass because you don't have the energy to work out. People at my work have weigh...
by MNGopher
Sun Oct 14, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting: Long term vs. short term losses.
Replies: 5
Views: 542

Re: Tax loss harvesting: Long term vs. short term losses.

Thanks livesoft. So just to clarify I can just click on all my VITAX lots (lump sum purchases, distributions, both short and long term) that show losses and exchange them immediately for VTSAX, VEMAX, etc? Since no VITAX dividend distributions are scheduled until late December, I can't accidently t...
by MNGopher
Sun Oct 14, 2018 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting: Long term vs. short term losses.
Replies: 5
Views: 542

Re: Tax loss harvesting: Long term vs. short term losses.

Thanks livesoft. So just to clarify I can just click on all my VITAX lots (lump sum purchases, distributions, both short and long term) that show losses and exchange them immediately for VTSAX, VEMAX, etc? Since no VITAX dividend distributions are scheduled until late December, I can't accidently tr...
by MNGopher
Sat Oct 13, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting: Long term vs. short term losses.
Replies: 5
Views: 542

Tax loss harvesting: Long term vs. short term losses.

I was thinking of doing my first attempt at tax loss harvesting with some VTIAX that has depreciated. I have different lots, some that have long term capital losses and some with short term capital losses. What are the pros and cons to harvesting short term losses vs. long term losses, or does it re...
by MNGopher
Sat Oct 13, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: 401k/IRA vs. Roth IRA
Replies: 8
Views: 505

Re: 401k/IRA vs. Roth IRA

Think of all your accounts as all part of the same portfolio. As long as it averaged out to your desired asset allocation, it doesn't matter what % of stock is in the individual accounts. Say you want to be 70/30 stock/bond ratio, you could be 90-100 stock in your Roth and around 50-60 stock in tax ...
by MNGopher
Sat Oct 06, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: Help identify vine in backyard
Replies: 26
Views: 1477

Re: Help identify vine in backyard

It does look like stinging nettles or "itch weed". Intense itching for about 10 minutes, but goes away quickly if you don't scratch. https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=2ahUKEwiJodu1ovLdAhVQYKwKHQrgDygQjRx6BAgBEAU&url=https%3A%2F%2Fwww.alamy.com%2Fstock-photo%2Fitch...
by MNGopher
Sat Oct 06, 2018 9:38 am
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 5830

Re: "How a Second Grader Beat's Wall Street"

Make sure you can explain your investing strategy to any 8-year-old. That makes absolutely no sense. JoeRetire: I believe I could explain the simple Three-Fund Portfolio to most 8-eight-year old's. This is what Allan Roth did with his 8-year-old son. Allan wrote a wonderful book about The Three-Fun...
by MNGopher
Sun Sep 30, 2018 8:09 pm
Forum: Investing - Theory, News & General
Topic: If everybody indexed, the only word you could use is chaos, catastrophe
Replies: 99
Views: 15442

Re: If everybody indexed, the only word you could use is chaos, catastrophe

It will be interesting to see when the trend towards passive levels off or possibly reverses. Maybe at around 50%? Or when the next major recession hits?
by MNGopher
Sun Sep 30, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 70
Views: 5984

Re: Do Bonds Go in Taxable?

I go 80/20 Roth, 70/30 taxable, 65/35 in deferred (this is a target date fund and will adjust toward bonds).
Overall it's about 70/30 stock/bond.
I want some safety in taxable because I will spend some of that first, when I retire pre-59.5.
I take the most risk in Roth because I will spend that last.
by MNGopher
Wed Sep 26, 2018 9:38 pm
Forum: Personal Consumer Issues
Topic: Am I using facebook correctly?
Replies: 43
Views: 3310

Re: Am I using facebook correctly?

You can block someone without unfriending them. This is useful for those people you don't want to totally lose touch with, but don't want to see their 10 political memes every day.
by MNGopher
Mon Sep 24, 2018 9:37 pm
Forum: Personal Consumer Issues
Topic: Losing Passion for Hobbies. Cheap or normal aging?
Replies: 71
Views: 8929

Re: Losing Passion for Hobbies. Cheap or normal aging?

I don't understand losing a passion for hobbies at 33 years of age. I personally love competitive league sports.... exercise, competition, comaraderie, maybe drinks afterward, for a very low league fee. I played competitive softball until age 44 when my hamstrings started blowing out. I still play l...
by MNGopher
Sun Sep 23, 2018 8:09 pm
Forum: Personal Consumer Issues
Topic: Ventilated car seats?
Replies: 61
Views: 4210

Re: Ventilated car seats?

I have the heated/cooled seats in my F-150. It's okay, but I wouldn't pay a lot extra for it. The heat setting is more noticeable than the cool. I generally turn either off within 5-10 minutes of starting the vehicle, if I even bother to turn them on in the first place.
by MNGopher
Sat Sep 22, 2018 10:46 pm
Forum: Personal Consumer Issues
Topic: How to get rid of rabbits
Replies: 66
Views: 3680

Re: How to get rid of rabbits

I know how to catch a unique rabbit.
Unique up on it.
by MNGopher
Tue Sep 11, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 40
Views: 5516

Re: 401k money missing

Wow. Maybe call the vendor where the funds are supposed to being sent. Was this a new account in 2018 or did you have a previous account, and the payments just stopped?
by MNGopher
Fri Aug 31, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 868
Views: 94439

Re: [What TV Show Have You Recently Watched?]

Ozark Season 2 came out today on Netflix. Make sure you watch season 1 first though. It's a bit like Breaking Bad and the Fargo series.
by MNGopher
Mon Aug 27, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6727

Re: How do you calculate net worth with pensions?

Maybe a pension shouldn't be labeled as either an asset or a simple income stream, but something different. It's not as good as an asset because it can't always be sold and used all at once (that can also be a positive). It's better than a job that pays the same amount, because you don't have to do ...
by MNGopher
Mon Aug 27, 2018 10:18 pm
Forum: Personal Consumer Issues
Topic: Cars... just another tool unless your a tool.
Replies: 28
Views: 2642

Re: Cars... just another tool unless your a tool.

I'm pretty frugal, but I have a weakness for 4x4 pickups. The last was a new F-150 Lariat. That was 9 years ago. I took out a loan, but payed it off after just 1 year. When I look at the price that the new ones are going for now, I don't think I'll buy anything that nice again.
by MNGopher
Thu Aug 23, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Test your cognitive biases
Replies: 89
Views: 5406

Re: Test your cognitive biases

I scored 50-75%

Hey wait, were calculators allowed? :)
by MNGopher
Thu Aug 23, 2018 9:11 am
Forum: Personal Consumer Issues
Topic: I own 1,387 items!
Replies: 128
Views: 10499

Re: I own 1,387 items!

This thread reminds me of Steve Martin in The Jerk.
https://www.youtube.com/watch?v=w2X3vVMdh-s
by MNGopher
Mon Aug 20, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Bonds in a taxable account
Replies: 4
Views: 469

Re: Bonds in a taxable account

I keep some bonds in taxable, because this is the money I will be spending first in early retirement, and I am willing to sacrifice a little tax efficiency for safety. My overall AA is 70/30. My taxable account AA is 75/25 and I plan to spend much of this early in retirement before touching tax defe...
by MNGopher
Sat Aug 18, 2018 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 105
Views: 13694

Re: Teachers Who Have Net Worth of $1 million +

I do not believe that you could, or should, value your potential pension payment over a period of 20 or 30 years and use it to claim a net worth for that figure. A pension is an income stream for your retirement. This has been addressed in many of our threads. I agree and don't count any future pen...
by MNGopher
Thu Aug 16, 2018 2:36 pm
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 30
Views: 2133

Re: Time for new phone, Buy or Lease?

Thanks for the replies and patience. I am very tech ignorant.

I there any disadvantage to buying an unlocked phone on say, Amazon? They seem a lot cheaper, but are they more expensive to activate? Just trying to learn.
by MNGopher
Wed Aug 15, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 30
Views: 2133

Re: Time for new phone, Buy or Lease?

I'd buy an entry/mid phone. You can get a Motorola from Costco for about $120 and any of the newer phones at places like Cricket are about $100-150. They are all equivalent to "high end" phones from a couple years ago. For reference I just received a Samsung J7 Star from my employer. It has better ...
by MNGopher
Wed Aug 15, 2018 2:51 pm
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 30
Views: 2133

Re: Time for new phone, Buy or Lease?

I haven't decided a phone yet, but just as an example, Sprint offers a Samsung Galaxy S8 for about $650 outright, or an 18 month lease at 28/mo with the option to upgrade or payoff the balance after 18 months. I've never leased anything in my life, and am generally against the idea, but I'm very ign...
by MNGopher
Wed Aug 15, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Time for new phone, Buy or Lease?
Replies: 30
Views: 2133

Time for new phone, Buy or Lease?

So, with over 4 years on my current HTC phone, things are starting to not work so great and it's time fore an upgrade. From an economic point of view is it better to buy today, as opposed to leasing, if I plan to keep the phone at least a couple years? I'm not the type to need the latest and greates...
by MNGopher
Thu Aug 02, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Need suggestions on investing. $400k in cash
Replies: 9
Views: 1160

Re: Need suggestions on investing. $400k in cash

If you are 30 or so years from retirement I wouldn't hesitate putting a vast majority of your cash into the market now or dollar cost average over the next year. The power of compounding interest is much better for a 30 year period than it is for say, 20 years, if you were to procrastinate for anoth...
by MNGopher
Thu Aug 02, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Which 403b provider to choose?
Replies: 19
Views: 1114

Re: Which 403b provider to choose?

Aspire sometimes has some options that are OK, but not great. Valic and Horace Mann are popular in my area, but they have terribly high fees.
by MNGopher
Wed Aug 01, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Is maxing Out an IRA, 403B, and 457B Along with a Pension Too Much Saving for the Future?
Replies: 19
Views: 2333

Re: Is maxing Out an IRA, 403B, and 457B Along with a Pension Too Much Saving for the Future?

How much of your current income will your combined pensions provide (what % of gross) in retirement? And, at what age can you get this pension? If you figure out this information, than you figure out how much you need to save in your personal accounts to fill the gap between pension income and desir...
by MNGopher
Thu Jul 26, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7354
Views: 1544073

Re: U.S. stocks in freefall

david1082b wrote:
Wed Jul 25, 2018 10:13 pm
Am prepared for a wave of "Facebook stock in freefall" threads over the next few days.
Facebook's market value has dropped more than 120 billion in the past 24 hours. That's more than the entire market value of McDonalds! A good reminder why individual stocks are risky.
by MNGopher
Wed Jul 25, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Non Ira investment account
Replies: 22
Views: 1685

Re: Non Ira investment account

Newbie here. Just read boglehead's guide to three fund portfolio. I have my and wife's IRA account with vanguard. I have non ira account with Meryll lynch. I want to know can i start three fund portfolio with same account or should i open non ira tax account in vanguard?. My plan is to start with 1...
by MNGopher
Wed Jul 11, 2018 7:51 pm
Forum: Personal Consumer Issues
Topic: Suggestions for the Minneapolis Area
Replies: 9
Views: 950

Re: Suggestions for the Minneapolis Area

I always recommend a trip up the north shore north of Duluth. Tettegouche state park and/or Gooseberry falls is about at your limit if your trying to stay under 200 miles. +1 This is a classic trip with beautiful scenery. Make sure to hit up Betty's Pies along the way. https://bettyspies.com/ I lov...
by MNGopher
Wed Jul 11, 2018 9:15 am
Forum: Investing - Help with Personal Investments
Topic: When to start taxable?
Replies: 22
Views: 2202

Re: When to start taxable?

I started a taxable account before I maxed out my tax deferred 403B, for two reasons. 1. Until a few years ago I had only bad choices (variable annuities with er's over 2%) as options from my employer. I held my nose and did a little over the match. 2. My plan is to retire at 57 with a modest pensio...
by MNGopher
Sat Jul 07, 2018 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-deductible 403b vs. taxable Vanguard ETF
Replies: 26
Views: 1344

Re: Tax-deductible 403b vs. taxable Vanguard ETF

Ok, thanks everybody. I was not aware this plan was annuity based. Today, I checked out my online account with MassMutual, and never could find an explanation of what the "funds" I was investing in actually WERE. I just assumed they were mutual funds. I looked all over, but never saw the words "ann...
by MNGopher
Thu Jul 05, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-deductible 403b vs. taxable Vanguard ETF
Replies: 26
Views: 1344

Re: Tax-deductible 403b vs. taxable Vanguard ETF

I was in the same conundrum in the past, except my high expense ratios were averaging 1.7 instead of your 2.5% which does seem really high. What I did was max my Roth IRA first while contributing small amounts in the 403B and taxable account, for tax diversification. Luckily about 4 years ago my sch...
by MNGopher
Thu Jul 05, 2018 1:14 pm
Forum: Investing - Theory, News & General
Topic: Index Fund vs. ETF for Long Term Investment
Replies: 21
Views: 1893

Re: Index Fund vs. ETF for Long Term Investment

I prefer the mutual funds because I can purchase exact dollar amounts in nice round numbers (fractional shares), instead of buying an exact number of shares (fractional dollar amounts). It just seems to be more neat and organized, at least in my mind. It also seems like I might waste a lot of mental...
by MNGopher
Wed Jul 04, 2018 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: Investor shares vs Admiral shares
Replies: 6
Views: 671

Re: Investor shares vs Admiral shares

If the underlying funds are identical, which I believe all admiral shares are, the lower expense ratio will always have the higher rate of return (for the same time period).
by MNGopher
Fri Jun 22, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 35449

Re: What is/ was your career and would you recommend it now?

Science teacher/Coach. 1990-present. Great benefits, so-so pay. I don't regret the career at all and most of it has been rewarding, however I couldn't do it for another 28 years, that's for sure.
by MNGopher
Fri Jun 22, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Life Strategy Growth Fund, Target Fund, or Total Stock Market
Replies: 45
Views: 3024

Re: Life Strategy Growth Fund, Target Fund, or Total Stock Market

In a taxable account, I would probably go with your #2 option, for reasons dbr mentioned earlier.

At your age I would still be filling your Roth space before taxable, unless you think your work income is already near it's peak.
by MNGopher
Fri Jun 22, 2018 8:36 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22275

Re: Did you celebrate when you finally hit $1m?

I was all set to celebrate the $1m asset (excluding home) level, until I realized that the majority of my assets were in my tIRA. So I discounted that $1m to an after tax $600k and kept on saving. :) Are you planning on paying 40% tax on your tIRA, or maybe just a psychological game to keep you sav...
by MNGopher
Thu Jun 21, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Life Strategy Growth Fund, Target Fund, or Total Stock Market
Replies: 45
Views: 3024

Re: Life Strategy Growth Fund, Target Fund, or Total Stock Market

Bonds in your taxable accounts are not terrible, just not quite as efficient as having them in a tax advantaged account. Vanguard Total Bond market VBTLX is probably their most popular bond fund. This would be fine if you are in the 22% tax bracket or lower. If you are in a higher tax bracket you mi...
by MNGopher
Thu Jun 21, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Life Strategy Growth Fund, Target Fund, or Total Stock Market
Replies: 45
Views: 3024

Re: Life Strategy Growth Fund, Target Fund, or Total Stock Market

I would start by figuring out how much your teachers pension fund will pay you in retirement, and at what age you can take it. It's probably some formula like 50% of your highest years salary. Once you know this you will have a better target as to how much you have to save in your personal accounts...
by MNGopher
Thu Jun 21, 2018 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Life Strategy Growth Fund, Target Fund, or Total Stock Market
Replies: 45
Views: 3024

Re: Life Strategy Growth Fund, Target Fund, or Total Stock Market

I don't know enough about how the NY teachers pension system works. Does your school district match part of your contribution? Here in MN we all pay about 7.5% employee and 7.5% employer contribution out of every check. This makes it pretty easy to make projections about how much the pension will pa...
by MNGopher
Thu Jun 21, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Life Strategy Growth Fund, Target Fund, or Total Stock Market
Replies: 45
Views: 3024

Re: Life Strategy Growth Fund, Target Fund, or Total Stock Market

I would start by figuring out how much your teachers pension fund will pay you in retirement, and at what age you can take it. It's probably some formula like 50% of your highest years salary. Once you know this you will have a better target as to how much you have to save in your personal accounts...
by MNGopher
Thu Jun 21, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Life Strategy Growth Fund, Target Fund, or Total Stock Market
Replies: 45
Views: 3024

Re: Life Strategy Growth Fund, Target Fund, or Total Stock Market

I would start by figuring out how much your teachers pension fund will pay you in retirement, and at what age you can take it. It's probably some formula like 50% of your highest years salary. Once you know this you will have a better target as to how much you have to save in your personal accounts ...
by MNGopher
Tue Jun 05, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Employer-subsidized retiree health insurance questions
Replies: 19
Views: 1340

Re: Employer-subsidized retiree health insurance questions

My employer will pay full single medical coverage for early retirement (57 to Medicare) and about 80-90% of family coverage.
I am grandfathered in though, and new employees don't get this.
by MNGopher
Tue Jun 05, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: What is your Take Home Pay / Gross Pay ratio?
Replies: 89
Views: 8154

Re: What is your Take Home Pay / Gross Pay ratio?

45 %

Federal and State (22 & 7% bracket)
Max 403B (+ over 50 catch up)
7.5% towards state pension fund
social security.
very small charitable contribution.
my medical insurance is paid by employer.
by MNGopher
Wed May 23, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA, Roth 403(b), or 403(b)
Replies: 2
Views: 251

Re: Roth IRA, Roth 403(b), or 403(b)

What percentage of your final (highest) salary will your state pension system pay? This will help do determine if your tax bracket in retirement will be higher or lower than it is now. Generally speaking, a Roth IRA is better than tax deferred (403B) if you expect your income in retirement will be h...
by MNGopher
Sun May 20, 2018 9:49 am
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 83
Views: 11070

Re: $1,700,000 from family trust...

OP inherited this money. Why is a joint account suggested by welderwannabe? Solely as a way to increase FDIC insurance at a given financial institution, which I think I stated pretty clearly. FDIC insurance is $250K per person on a joint account, so it would boost it to $500K. OP could also use ind...
by MNGopher
Sat May 19, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA
Replies: 30
Views: 1861

Re: Need Help Deciding Between Non-Matching 403(b) and a Roth IRA

Unless both of the following are true, I think tax deferred is the way to go. a.) all your 403B choices are all annuities and/or have high expense ratios. b.) your expected state pension + social security is greater than your current gross income. The social security website and your state pension s...
by MNGopher
Sat May 19, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Should Tax-Free Munis Be Part of Roth IRA?
Replies: 22
Views: 1598

Re: Should Tax-Free Munis Be Part of Roth IRA?

Buying tax free municipal bonds in a tax advantaged account is like buying a raincoat to only wear indoors. You're paying extra for something you don't need.