Search found 437 matches

by MNGopher
Sun Nov 10, 2019 10:09 am
Forum: Personal Investments
Topic: roth ira in 403b
Replies: 14
Views: 517

Re: roth ira in 403b

I don't understand how you would have a Roth IRA within a 403b. One is an individual account and one is through an employer.
by MNGopher
Sun Nov 10, 2019 10:03 am
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 37
Views: 1907

Re: Tax Deferred : Taxable : Tax Free

About 40:40:20
I have only been maxing tax deferred for the last couple years (and will continue to do so), so that number should move ahead of the other two.
by MNGopher
Thu Nov 07, 2019 8:39 pm
Forum: Personal Investments
Topic: Investment Ideas
Replies: 49
Views: 3079

Re: Investment Ideas

Your friend effectively borrowed $100k from their future self, for no apparent reason.
by MNGopher
Mon Nov 04, 2019 11:27 pm
Forum: Personal Investments
Topic: Do you consider pensions as part of your overall asset allocation?
Replies: 67
Views: 5046

Re: Do you consider pensions as part of your overall asset allocation?

A pension gives you the ability to take more risk. On the other hand, it reduces the need to do so. We are 60/40 with 1/3 international and no plan to ever change. So, does the ability to take risk that a pension gives us, override the reduced need to do so? This is the philosophical conundrum that...
by MNGopher
Mon Nov 04, 2019 6:25 pm
Forum: Personal Investments
Topic: Do you consider pensions as part of your overall asset allocation?
Replies: 67
Views: 5046

Re: Do you consider pensions as part of your overall asset allocation?

A pension gives you the ability to take more risk. On the other hand, it reduces the need to do so. We are 60/40 with 1/3 international and no plan to ever change. [/quote] So, does the ability to take risk that a pension gives us, override the reduced need to do so? This is the philosophical conund...
by MNGopher
Sun Nov 03, 2019 11:40 am
Forum: Personal Investments
Topic: Using 403(b) or 457(b)
Replies: 13
Views: 844

Re: Using 403(b) or 457(b)

For a teacher just starting or lower on the pay scale, a Roth IRA with a low cost vendor is the way to go. Especially if you can put most of it in while in the 12% tax bracket. As you climb the pay scale and move into the higher 22% tax bracket, then you want to shift to the tax deferred, or better ...
by MNGopher
Sat Nov 02, 2019 10:59 am
Forum: Personal Investments
Topic: Do you consider pensions as part of your overall asset allocation?
Replies: 67
Views: 5046

Re: Do you consider pensions as part of your overall asset allocation?

I count only the surrender value of my teachers pension. I could receive this amount almost instantly if I quit or got fired. It is funded by my own contributions (not employer or tax payer contributions).
by MNGopher
Thu Oct 24, 2019 8:46 pm
Forum: Personal Investments
Topic: Benefits of Flagship Status at Vanguard?
Replies: 65
Views: 7474

Re: Benefits of Flagship Status at Vanguard?

ChowYunPhat wrote:
Thu Oct 24, 2019 8:42 pm
MNGopher wrote:
Thu Oct 24, 2019 8:35 pm
I'm a lowly Voyager Select client. I don't get an advisor, a hat or a mug. :-(
It's OK MNGopher. On the bright side, your football team is ranked in the top 25 for at least a couple more weeks. :D
Rose Bowl bound! :D
by MNGopher
Thu Oct 24, 2019 8:35 pm
Forum: Personal Investments
Topic: Benefits of Flagship Status at Vanguard?
Replies: 65
Views: 7474

Re: Benefits of Flagship Status at Vanguard?

I'm a lowly Voyager Select client. I don't get an advisor, a hat or a mug. :-(
by MNGopher
Thu Oct 17, 2019 10:08 am
Forum: Personal Investments
Topic: Rebalancing [Portfolio Review]
Replies: 9
Views: 791

Re: Rebalancing

I would not worry too much about rebalancing in the early/mid years of accumulation. Just rebalance by directing more of your new contributions to the lagging asset class.
by MNGopher
Sun Oct 06, 2019 6:11 pm
Forum: Personal Investments
Topic: A disappointing return
Replies: 21
Views: 2256

Re: A disappointing return

I have pretty much the same fund, VRIVX (Vanguard Institutional Target Retirement 2025 fund) in my 403B. The only difference is it has a slightly lower expense ratio at .09. My annualized rate of return since early 2016 when I opened this account is 7.68%. This is mostly because I entered when there...
by MNGopher
Sat Oct 05, 2019 1:43 pm
Forum: Personal Investments
Topic: Help with basic investing
Replies: 21
Views: 2451

Re: Help with basic investing

Welcome! Please follow the link that pkcrafter provided above. We really need more information about your tax bracket, asset allocation (stock to bond ratio) in your accounts, plus a specific question, before we can offer any meaningful advice.
by MNGopher
Tue Oct 01, 2019 9:20 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1551
Views: 165191

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

gary11 wrote:
Sat Sep 14, 2019 7:56 pm
Just finished Mindhunter season 2. Thoroughly enjoyed it. Highly recommended for crime thriller fans!
+1. The retro 70's serial killers are super creepy.
by MNGopher
Sun Sep 29, 2019 11:55 am
Forum: Investing - Theory, News & General
Topic: Ken Fisher wants you to know that he cares...
Replies: 49
Views: 4498

Re: Ken Fisher wants you to know that he cares...

"I would die and go to hell before I would sell an annuity". This line alone makes me like him a little, but not enough to pay him to manage my money.
by MNGopher
Fri Sep 27, 2019 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Convince me not to raid my Roth to buy first condo
Replies: 46
Views: 3342

Re: Convince me not to raid my Roth to buy first condo

Watch Rick's videos

https://www.bogleheads.org/wiki/Video:B ... le_.232.29

Tax free compounding interest over decades is....magical!
Especially when you are able to get started in a low tax bracket.
by MNGopher
Fri Sep 27, 2019 9:00 pm
Forum: Investing - Theory, News & General
Topic: When do you see effects of compound interest on net worth?
Replies: 36
Views: 4062

Re: When do you see effects of compound interest on net worth?

I'll just say I was feeling pretty happy when during the first half of 2019 my investment returns exceeded my income. The 3rd quarter has reminded me that it can't do that forever.
by MNGopher
Fri Sep 27, 2019 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Convince me not to raid my Roth to buy first condo
Replies: 46
Views: 3342

Re: Convince me not to raid my Roth to buy first condo

You only get so much Roth space per year. It's very valuable in your younger/lower income years. Your 50-60 year old self will be very happy if you don't raid your Roth to buy a house.
by MNGopher
Thu Sep 19, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 29677

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Minnesota teacher pensions are funded by... 74% investment returns 14% employer contributions 12% employee contributions Are those numbers for Minnesota teacher pension the actual or a plan ? What happens if investment returns come short, are tax payers on the hook to make up for the shortfall? Tho...
by MNGopher
Wed Sep 18, 2019 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 29677

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Minnesota teacher pensions are funded by... 74% investment returns 14% employer contributions 12% employee contributions Are those numbers for Minnesota teacher pension the actual or a plan ? What happens if investment returns come short, are tax payers on the hook to make up for the shortfall? Tho...
by MNGopher
Wed Sep 18, 2019 9:09 pm
Forum: Personal Investments
Topic: Roth IRA - Contributing too much too soon? (21 y/o)
Replies: 25
Views: 2188

Re: Roth IRA - Contributing too much too soon? (21 y/o)

Now is the perfect time to load up the Roth. Your 60 year old self will be amazed and thankful for all the growth.
by MNGopher
Wed Sep 18, 2019 8:10 pm
Forum: Investing - Theory, News & General
Topic: How factor in pension with savings goal?
Replies: 16
Views: 1277

Re: How factor in pension with savings goal?

My wife is due a teacher's pension at retirement. One thing I've always struggled with is how to factor that in when trying to determine how much we need to save for retirement. I read an article tonight that seemed to make sense but wanted to sanity check it with you experts. It simply said to div...
by MNGopher
Wed Sep 18, 2019 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 29677

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

Who subsidizes the pension of 100k/year with only 11k/year contribution? It’s considered a benefit, not a subsidy. The terminology matters. But who pays for the benefit? Other teachers? The state? I’m curious, because these types of pension are never seen in the private world, according to my knowl...
by MNGopher
Mon Sep 16, 2019 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 508
Views: 29677

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

It's interesting how teacher salaries vary. In the suburban Minneapolis area my district starts at 40K and maxes out at about 92K (but you can make more coaching). Singles get free health and dental insurance. Families pay about 500 month, and we all get "gap" insurance coverage between retirement a...
by MNGopher
Sun Sep 15, 2019 8:56 am
Forum: Personal Investments
Topic: Are my 403 and 457 worth the fees?
Replies: 28
Views: 1278

Re: Are my 403 and 457 worth the fees?

OP,
How long have you been maxing both tax deferred accounts? What retiredjg mentions above is very true if you have been already doing this for years. However, If you are just starting now at age 46, and plan to retire in your 50's you will probably be fine deferring to the max.
by MNGopher
Sun Sep 15, 2019 8:37 am
Forum: Investing - Theory, News & General
Topic: Best of Bogleheads - your #1 takeaway
Replies: 151
Views: 15327

Re: Best of Bogleheads - your #1 takeaway

I was amazed by the amount of useful information in the Rick Van Ness videos on this site. In about 30 minutes you learn most of what you need to get started.
by MNGopher
Sat Sep 14, 2019 9:18 pm
Forum: Personal Investments
Topic: Are my 403 and 457 worth the fees?
Replies: 28
Views: 1278

Re: Are my 403 and 457 worth the fees?

The 1.2% management fees are very troublesome, but if you can defer your marginal tax bracket down from 22 to 12% it probably is worth it. You will have to run your numbers to see.
by MNGopher
Thu Sep 12, 2019 8:20 pm
Forum: Personal Investments
Topic: Late starter - Need help
Replies: 27
Views: 3478

Re: Late starter - Need help

Questions: 1. I would like to change from investing all my money in Target Retirement Fund to other funds. Do you have any recommendations? Should I put all in Fidelity 500 Index fund or should I invest in other funds too? (I like T. Rowe Price Blue Chip Growth Fund and JPMorgan Mid Cap Growth Fund...
by MNGopher
Thu Sep 12, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads was right, I was wrong
Replies: 163
Views: 18011

Re: Bogleheads was right, I was wrong

I think Newport Group (Vanguard) charges all there 403B participants $5/mo or $60/year and in exchange get admiral share status on all funds. This might be the fee you were referring to from your district.
by MNGopher
Wed Sep 11, 2019 7:37 pm
Forum: Investing - Theory, News & General
Topic: Day Trading for a Living?
Replies: 44
Views: 4074

Re: Day Trading for a Living?

The way to become a millionaire day trading is to start with 2 million.
by MNGopher
Wed Sep 11, 2019 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Roth be an emergency EF?
Replies: 32
Views: 2768

Re: Can a Roth be an emergency EF?

A lot depends on your definition of an emergency. If my washing machine or water heater broke down, and I have good credit, I would consider a low interest loan or picking up some ot at work before dipping into the Roth. If I need to get out of a central American prison, well then, I don't care whe...
by MNGopher
Tue Sep 10, 2019 8:16 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1551
Views: 165191

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

Shameless on Netflix - my only gripe is sometimes they lean too heavily on explicit scenes. The plots are tough and the characters do such horrible/dumb things it makes you want to strangle them which is maybe why I like it. Whenever I feel a little down about my own life, I watch an episode or two...
by MNGopher
Mon Sep 09, 2019 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Roth be an emergency EF?
Replies: 32
Views: 2768

Re: Can a Roth be an emergency EF?

A lot depends on your definition of an emergency. If my washing machine or water heater broke down, and I have good credit, I would consider a low interest loan or picking up some ot at work before dipping into the Roth. If I need to get out of a central American prison, well then, I don't care wher...
by MNGopher
Sun Sep 08, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Roth be an emergency EF?
Replies: 32
Views: 2768

Re: Can a Roth be an emergency EF?

willthrill81 wrote:
Sun Sep 08, 2019 5:13 pm
MNGopher wrote:
Sun Sep 08, 2019 2:49 pm
Roth space is pretty valuable, especially if you put the money in when your income was much lower, so I wouldn't want to use it as an emergency fund unless I had no other options.
You mean you would only use an emergency fund for real emergencies? ;)
Reeeaally big emergencies only.
by MNGopher
Sun Sep 08, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Roth be an emergency EF?
Replies: 32
Views: 2768

Re: Can a Roth be an emergency EF?

Roth space is pretty valuable, especially if you put the money in when your income was much lower, so I wouldn't want to use it as an emergency fund unless I had no other options.
by MNGopher
Sat Sep 07, 2019 12:55 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1551
Views: 165191

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

I found myself wondering if people of that era really spoke that way. I have little doubt they spoke that way. Try living in an all-male college dormitory in a middle-of-nowhere town where the drinking age (not that anyone paid much attention) was 18, and 20-below winters kept us cooped up. We used...
by MNGopher
Sat Sep 07, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1551
Views: 165191

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

Being off work this summer I decided to temporarily subscribe to HBO and watch a couple highly touted series that pretty much everyone has seen but me...Game of Thrones and Deadwood. I enjoyed both but wouldn't say either would make my all time top 10 list or anything like that. I was hooked on the...
by MNGopher
Sat Sep 07, 2019 9:19 am
Forum: Personal Consumer Issues
Topic: Mensa membership
Replies: 90
Views: 7402

Re: Mensa membership

The thing about IQ tests is that they only measure a few of the many types of intelligences. There is somewhat of a correlation between IQ tests and academic success, but maybe not as strong as many people think. In my opinion there is not much correlation between IQ and happiness or success in life...
by MNGopher
Sat Sep 07, 2019 8:56 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1551
Views: 165191

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

Being off work this summer I decided to temporarily subscribe to HBO and watch a couple highly touted series that pretty much everyone has seen but me...Game of Thrones and Deadwood. I enjoyed both but wouldn't say either would make my all time top 10 list or anything like that. I was hooked on the ...
by MNGopher
Thu Sep 05, 2019 7:19 pm
Forum: Personal Consumer Issues
Topic: There's a Boglehead on Judge Judy today. [TV show]
Replies: 18
Views: 3888

Re: There's a Boglehead on Judge Judy today.

bob60014 wrote:
Thu Sep 05, 2019 4:52 pm
What/who is a Judge Judy?
The highest paid TV personality in the world. 147 Million last year.
by MNGopher
Tue Sep 03, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads was right, I was wrong
Replies: 163
Views: 18011

Re: Bogleheads was right, I was wrong

Wife wants to see changes and how everything feels first before refinancing. I mean, honestly not huge savings, especially because she really wants house note killed in under 10. She’s willing to make compromises for me but I have to be willing to do same for her. She wants house paid before our da...
by MNGopher
Tue Sep 03, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads was right, I was wrong
Replies: 163
Views: 18011

Re: Bogleheads was right, I was wrong

Wife wants to see changes and how everything feels first before refinancing. I mean, honestly not huge savings, especially because she really wants house note killed in under 10. She’s willing to make compromises for me but I have to be willing to do same for her. She wants house paid before our da...
by MNGopher
Sun Sep 01, 2019 5:22 pm
Forum: Personal Investments
Topic: My urge to to time the market... maybe
Replies: 22
Views: 2578

Re: My urge to to time the market... maybe

Vanguard total bond fund is up about 9% year to date, and I think near its all time high. I would be uncomfortable going all in on bonds right now (or ever for that matter).
by MNGopher
Sun Aug 25, 2019 7:57 pm
Forum: Personal Investments
Topic: 403b vs. Taxable account
Replies: 11
Views: 1537

Re: 403b vs. Taxable account

Thanks a ton--this is exactly what I had hoped to get! That rule of thumb seems reasonable. That's great to know that Fidelity seems like a good lead, and that there are places out there with more reasonable offerings. I agree the AXA/school setup is shameful--not sure what exactly the relationship...
by MNGopher
Sat Aug 24, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Agreeing to part ways at job
Replies: 62
Views: 7906

Re: Agreeing to part ways at job

It seems like you might be from Minnesota. If so, you are probably aware of Minnesota's TRA 62/30 rule. It's not quite as good as the Rule of 90, but if you can get 30 years in and retire but wait until 62 to collect you can get a pretty much full pension. There is a significant reduction if you tak...
by MNGopher
Sat Aug 24, 2019 10:56 am
Forum: Personal Investments
Topic: Capital Gain Taxes and withdrawals
Replies: 12
Views: 1125

Re: Capital Gain Taxes and withdrawals

Also, if you select "Specific ID" for your withdrawal method you will have more control of your capital gains. Your shares will have different amounts of long and short term capital gains, and maybe capital loss on some of the lots.
by MNGopher
Thu Aug 22, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Multi Streams of Income to Build Wealth?
Replies: 44
Views: 2711

Re: Multi Streams of Income to Build Wealth?

I would rather have one reliable stream of income (job) that I can put my effort into and increase my human capital, than two less reliable income streams that pay the same amount. Of course there is nothing wrong with passive income from investments.
by MNGopher
Thu Aug 15, 2019 12:23 pm
Forum: Personal Consumer Issues
Topic: Trail running shoes for light hiking
Replies: 48
Views: 3471

Re: Trail running shoes for light hiking

I'm not a runner, but an avid hiker. A few years ago I discovered Hoka One One (pronounced own-A) for light hiking. https://www.hokaoneone.com/on/demandware.store/Sites-HOKA-US-Site/default/Default-Start?gclid=EAIaIQobChMIo--RrLCF5AIVlcpkCh20UQMEEAAYASAAEgLQFfD_BwE&gclsrc=aw.ds&utm_medium=ppc_brand&...
by MNGopher
Thu Aug 15, 2019 9:47 am
Forum: Investing - Theory, News & General
Topic: Why is market timing bad in this case?
Replies: 52
Views: 3393

Re: Why is market timing bad in this case?

And I don’t think I am a genius, I think I am a coward afraid to drop a million in equities. The solution is not market timing, it is dollar cost averaging (DCA). Create a written plan to put “X” into the market every month, regardless of market price and stick to it . Take no more than 2 years, so...