Search found 497 matches

by MNGopher
Mon Jul 20, 2020 10:30 pm
Forum: Personal Consumer Issues
Topic: Duct Cleaning- Your Thoughts
Replies: 37
Views: 2249

Re: Duct Cleaning- Your Thoughts

I got my ducts cleaned by Zerorez the last time I got my carpet cleaned. This was the first duct cleaning in the 24 years since my house was built. When the technician was done, I asked if I could see the bag where all the dust had been collected. He had a huge garbage bag about 6 feet deep. It had ...
by MNGopher
Thu Jul 09, 2020 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Does a Car Salesperson Make on a New Car Sale?
Replies: 102
Views: 11445

Re: How Much Does a Car Salesperson Make on a New Car Sale?

I've heard that the dealers prefer that you finance, because it allows them to make more, but would this even be a factor right now with most dealers offering 0% interest on qualified financing. If someone has the cash saved for a new vehicle but is offered 0% financing is there any reason not to f...
by MNGopher
Thu Jul 09, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Does a Car Salesperson Make on a New Car Sale?
Replies: 102
Views: 11445

Re: How Much Does a Car Salesperson Make on a New Car Sale?

I've heard that the dealers prefer that you finance, because it allows them to make more, but would this even be a factor right now with most dealers offering 0% interest on qualified financing. If someone has the cash saved for a new vehicle but is offered 0% financing is there any reason not to fi...
by MNGopher
Tue Jul 07, 2020 3:43 pm
Forum: Personal Investments
Topic: Why no Admiral Shares in my Target Date fund?
Replies: 36
Views: 2623

Re: Why no Admiral Shares in my Target Date fund?

Shortly after Vanguard turned the management of their 403Bs to the Newport Group, they converted my 2025 target date fund VTTVX (.13% er) to the institutional 2025 fund VRIVX (.09% er). They also started charging $60/year management fee. So the reduced expense ratio starts saving the investor money ...
by MNGopher
Wed Jul 01, 2020 9:54 pm
Forum: Investing - Theory, News & General
Topic: The magic of stock indices
Replies: 29
Views: 2020

Re: The magic of stock indices

One of the great benefits of index investing is that for every company in the index the upside is greater than the downside for the collective fund. The worst that any company can do is lose 100% of it's value, and it will usually be dropped from the index long before it loses all it's value. The up...
by MNGopher
Wed Jun 24, 2020 3:51 pm
Forum: Personal Investments
Topic: Tax Deferred vs Taxable-Early Retirement Goal
Replies: 51
Views: 3526

Re: Tax Deferred vs Taxable-Early Retirement Goal

While it's true that teacher's pensions are often severely penalized with early retirement, educators do have an advantage over almost all other careers as far as tax deferral. They can contribute to both a 403(b) and a 457(b) tax deferred. A couple of teachers that are under 50 can contribute $78,0...
by MNGopher
Fri Jun 12, 2020 9:23 am
Forum: Investing - Theory, News & General
Topic: Confusion about the 4% rule
Replies: 91
Views: 4568

Re: Confusion about the 4% rule

Several of the above examples just show how a bad sequence of returns in early retirement can destroy a fixed withdraw rate strategy. That's why the 4% rule/guideline should be kept flexible, especially in the first 5-10 years of retirement. Sequence of return risk is much more dangerous during earl...
by MNGopher
Thu Jun 11, 2020 1:51 pm
Forum: Personal Investments
Topic: Rollover 403b to traditional to Roth?
Replies: 34
Views: 1023

Re: Rollover 403b to traditional to Roth?

Daisy 3220, You have received good advice above, on tax advantaged accounts. In short, the main advantage of tax deferred accounts like 403b's and 401k's is that you are avoiding paying higher federal taxes (22%) now, in hopes of paying lower (12%) taxes in retirement (on both your contributions and...
by MNGopher
Wed Jun 10, 2020 7:24 pm
Forum: Personal Investments
Topic: Rollover 403b to traditional to Roth?
Replies: 34
Views: 1023

Re: Rollover 403b to traditional to Roth?

You typically can't do a rollover from a plan while you are still with that employer.
Why are you going to be in a much higher tax bracket in retirement?
by MNGopher
Mon Jun 08, 2020 11:43 am
Forum: Personal Investments
Topic: Transfer 403(b) to i401(k) or IRA?
Replies: 3
Views: 151

Re: Transfer 403(b) to i401(k) or IRA?

For me, the overwhelming number one factor as to where to transfer it would be wherever you can get the best funds with the lowest fees. Whether or not to convert to Roth is a different decision and depends on comparing current and future tax brackets.
by MNGopher
Thu May 28, 2020 2:48 pm
Forum: Investing - Theory, News & General
Topic: Dry powder strategy?
Replies: 27
Views: 2770

Re: Dry powder strategy?

I haven't sold anything to create any dry powder money, but my bank account has gotten bigger the last 3 months, even after maxing all my retirement accounts, simply because there is nothing for me to spend money on lately due to the Covid-19 restrictions. So I've been deploying the extra cash into ...
by MNGopher
Wed May 27, 2020 1:41 pm
Forum: Personal Investments
Topic: ... and now what? taxable account or Roth?
Replies: 9
Views: 507

Re: ... and now what? taxable account or Roth?

A lot comes down to the quality of your wife's 403(b) plan. If she has a low cost mutual fund plan available, then I would max that out. But if the 403b only has annuity options, then I would max both Roths before putting anything in that. Pretty much any tax advantaged/deferred account will beat ta...
by MNGopher
Sun May 24, 2020 9:07 pm
Forum: Personal Investments
Topic: Time until money doubles
Replies: 26
Views: 2672

Re: Time until money doubles

If the return is just going to be 3% a year, better to move to cash and find other investments? Need willingness and ability.... Looks like the stock market won't fulfil the need... Also + maybe market timing - and moving to spy from vti is prudent? No one knows what future returns will be. That's ...
by MNGopher
Wed May 13, 2020 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 86
Views: 6186

Re: Employer cut 403b contribution to zero

The match must not be part of your contract at the University? I'm K-12 Education, and our small 403b match is part of our contract, so couldn't just be dropped without negotiating a new contract or voting on a MOU.
by MNGopher
Sun May 10, 2020 10:21 pm
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 572
Views: 148530

Re: Pull-ups and Push-ups

I was always naturally very good at pullups as a kid, and could usually do double the number of anyone else in my PE class. It helped that I was a wrestler and light/lean for my age. I've been going to the gym and lifting weights for my entire adult life, but have only done the occasional set of pul...
by MNGopher
Fri May 08, 2020 2:38 pm
Forum: Personal Investments
Topic: Concerned Investor.
Replies: 26
Views: 4605

Re: Concerned Investor.

I notice one of the funds you own is a target date fund 2065 and you are age 45. That's pretty aggressive (stock heavy) for your age. If you really want that much stock exposure, why not just buy a total stock fund like VTSAX, it has about 1/4 the expense ratio of the target date fund. You could als...
by MNGopher
Fri May 08, 2020 1:00 pm
Forum: Personal Investments
Topic: Thoughts about VDADX in Roth IRA?
Replies: 31
Views: 1574

Re: Thoughts about VDADX in Roth IRA?

Thanks for all the feedback. I am new to investing so still learning the concepts. What other Vanguard fund(s) would you recommend for a simple and suitable for Roth IRA? I am 33 years old so long term investment. I basically choose funds based on low cost so these are other funds that I am looking...
by MNGopher
Thu May 07, 2020 11:29 am
Forum: Personal Investments
Topic: Rather new to investing and have 100k to play with
Replies: 13
Views: 765

Re: Rather new to investing and have 100k to play with

How about you give me the money you were going to day trade with. I'll give you a kick in the...., and we'll call it a day! https://www.google.com/url?sa=i&url=https%3A%2F%2Fmakeameme.org%2Fmeme%2Fheres-an-idea-5b2420&psig=AOvVaw0bj4cVfNtC7jNzD31kJmBN&ust=1588955090057000&source=images&cd=vfe&ved=0C...
by MNGopher
Fri May 01, 2020 3:03 pm
Forum: Personal Investments
Topic: Can my old 401k get converted into a Roth?
Replies: 12
Views: 571

Re: Can my old 401k get converted into a Roth?

At that income (250K), why does he want to convert to a Roth?
by MNGopher
Fri Apr 24, 2020 10:16 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey against index funds?
Replies: 93
Views: 10704

Re: Dave Ramsey against index funds?

Things Dave Ramsey hates: debt, bonds, liberals, passive index funds.
Things Dave Ramsey loves: unrealistic returns, past performance, Christians, Endorsed Local Providers, his own voice.
by MNGopher
Fri Apr 24, 2020 9:47 pm
Forum: Personal Investments
Topic: $10,000 for 25 years
Replies: 21
Views: 2002

Re: $10,000 for 25 years

This small error/miscommunication in the example clearly shows why it is better to invest more, earlier. Who doesn't wish they would have scraped together an extra 10K to throw in a Roth when they were very young.
by MNGopher
Wed Apr 15, 2020 12:29 pm
Forum: Personal Consumer Issues
Topic: Eating out after lock-down is lifted
Replies: 112
Views: 10423

Re: Eating out after lock-down is lifted

Going to any public and potentially close proximity place is going to be strange and awkward until a Covid-19 vaccine is widely available. Nothing else is going to change this very bad situation regardless of the blustering wishful thinking that is going on. Ordering take out is risky, and we would...
by MNGopher
Fri Apr 10, 2020 10:33 pm
Forum: Personal Investments
Topic: Moving 403b to Rollover IRA
Replies: 7
Views: 398

Re: Moving 403b to Rollover IRA

If you have better fund choices (lower fees) in an IRA than you did in the 403b, then it does make sense. I would be nervous about being out of the market for a few weeks while the funds are transferred, during these volatile times. Maybe wait till the markets calm down a bit.
by MNGopher
Wed Apr 08, 2020 7:24 pm
Forum: Personal Investments
Topic: 403b or IRA? Recommended firm?
Replies: 10
Views: 427

Re: 403b or IRA? Recommended firm?

Your tax situation doesn't imply that one or the other is vastly superior. Do both! Traditional 403b and Roth IRA. Tax diversification for an unknown future.
by MNGopher
Wed Mar 18, 2020 1:51 pm
Forum: Personal Investments
Topic: Bonds - should we be concerned?
Replies: 9
Views: 926

Re: Bonds - should we be concerned?

Bonds have a poorly correlated relationship to stocks, but not necessarily inverse.
by MNGopher
Sun Mar 15, 2020 1:51 pm
Forum: Investing - Theory, News & General
Topic: DOW likely to fall to 15-17k at some point this year?
Replies: 44
Views: 4630

Re: DOW likely to fall to 15-17k at some point this year?

At some point, maybe tomorrow even, the market will start to factor in all the precautions being taken to flatten the infection curve. Markets may start to improve before the infection rate starts to go down. Then again it might not.
by MNGopher
Sun Mar 15, 2020 12:33 pm
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12642

Re: Are you still going to the gym ...

It's good for your body to change up your workout routine from time to time. I went to the gym yesterday, but I think the next week or two might be a good time to do more walking outside and body weight exercises.
by MNGopher
Sun Mar 15, 2020 11:20 am
Forum: Personal Investments
Topic: Credit Analyst & Teacher Portfolio Review
Replies: 8
Views: 290

Re: Credit Analyst & Teacher Portfolio Review

At 100K combined income and figuring in the standard deduction for MFJ filers, you are right on the edge of the 12 and 22% federal tax bracket. This means the Roth option was likely correct for you in the past. However, as your income increases going forward it may make more sense to contribute to a...
by MNGopher
Sat Mar 14, 2020 10:42 am
Forum: Investing - Theory, News & General
Topic: Is it time to GET OUT?
Replies: 125
Views: 10782

Re: Is it time to GET OUT?

Meanwhile, back at the ranch, we are in a bull market for toilet paper. The stuff is selling out. Never thought I would see the day when folks were selling stocks and buying toilet paper. A classic tale of two panics, a stock selling panic and a toilet paper buying panic, indeed the best of times a...
by MNGopher
Sat Mar 14, 2020 9:59 am
Forum: Personal Investments
Topic: Asset allocation confusion
Replies: 3
Views: 238

Re: Asset allocation confusion

You didn't mention your age or your years until retirement, which is probably the most important factor in determining your AA. Age -10 (or Age -20) in bonds/fixed income, and the rest in stocks is pretty typical. The allocation between US and foreign stock is a less important decision IMO.
by MNGopher
Sun Mar 08, 2020 12:31 am
Forum: US Chapters
Topic: Where is Livesoft!?
Replies: 147
Views: 27985

Re: Where is Livesoft!?

Someone post a tax loss harvest question to lure him out.
by MNGopher
Fri Mar 06, 2020 7:43 pm
Forum: Investing - Theory, News & General
Topic: Could this selloff be nearly over?
Replies: 68
Views: 5289

Re: Could this selloff be nearly over?

This week (March 2 - 6) US markets are up slightly. It didn't feel like it though.
by MNGopher
Sun Mar 01, 2020 11:06 am
Forum: Personal Investments
Topic: Sell now and start buying back in 3 months
Replies: 80
Views: 6264

Re: Sell now and start buying back in 3 months

DrPayItBack wrote:
Sun Mar 01, 2020 9:11 am
MnD wrote:
Sun Mar 01, 2020 8:57 am
DrPayItBack wrote:
Sat Feb 29, 2020 3:33 pm
Selling after a rapid decline is always the right answer.
You can make a small fortune using that approach - starting with a large one. :mrgreen:
Love this, going to remember that one.
Lol, The best way to make a million is start with 2 million and sell when it drops.
by MNGopher
Sat Feb 29, 2020 11:32 am
Forum: US Chapters
Topic: Where is Livesoft!?
Replies: 147
Views: 27985

Re: Where is Livesoft!?

He could even be kept in isolation due to corona virus problems (pure speculation on my end). If you could get Corona from watching Chinese soap operas, I'd worry about sscritic , my favorite poster missing in action. Victoria It's hard to believe, but a search of sscritic's posts ended in August, ...
by MNGopher
Sat Feb 29, 2020 10:20 am
Forum: Investing - Theory, News & General
Topic: Why so much buying/rebalancing going on?
Replies: 100
Views: 6365

Re: Why so much buying/rebalancing going on?

I waa going to start my own thread on this but perhaps I will just ask here. Does it ever make sense to rebalance in a rising market? Why not just ride the wave? I guess now that I think about it, it does make sense, because you are locking in some of the gains you made? But the flipside is as the ...
by MNGopher
Mon Feb 24, 2020 6:57 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 19474
Views: 2697090

Re: U.S. stocks in free fall

Stinky wrote:
Mon Feb 24, 2020 6:31 pm
CashFlo wrote:
Mon Feb 24, 2020 4:49 pm
Hold on a sec. Suze Orman is on CNBC right now. I may have to rethink everything... :wink:
What did she say?

Inquiring minds want to know.
She said, "keep dollar cost averaging" or something like that, I wasn't really paying attention.
by MNGopher
Sun Feb 23, 2020 12:35 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33714

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

So what if you have a pension instead of a 401k/IRA? How do you value that? That's an interesting question. I count the surrender value of my pension (about 180K) as part of my net worth. This is from my own contributions over 30 years, and if I were to quit or get fired I could walk away with this...
by MNGopher
Sat Feb 22, 2020 8:58 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33714

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

So what if you have a pension instead of a 401k/IRA? How do you value that? That's an interesting question. I count the surrender value of my pension (about 180K) as part of my net worth. This is from my own contributions over 30 years, and if I were to quit or get fired I could walk away with this...
by MNGopher
Sun Feb 16, 2020 10:41 pm
Forum: Personal Investments
Topic: You Can't Time The Market
Replies: 73
Views: 5826

Re: You Can't Time The Market

Yes, lol, lots of things can happen but selling and buying probably won't work. Stay in during dips, continue to DCA while you are in the accumulation phase, and if possible buy more or rebalance when the equity price drops.
by MNGopher
Sun Feb 16, 2020 10:19 pm
Forum: Personal Investments
Topic: You Can't Time The Market
Replies: 73
Views: 5826

Re: You Can't Time The Market

The point is, if you move to cash and the price continues to move up, there is really no way to fix the mistake. On the other hand if you sell and cash out you still have to buy back in at an opportune time and not just catch a falling knife on the way further down. If you just hold your position an...
by MNGopher
Sat Feb 15, 2020 12:01 pm
Forum: Personal Investments
Topic: You Can't Time The Market
Replies: 73
Views: 5826

Re: You Cant Time The Market

It's kind of a cliché, but you are finding out that you really do have to be right twice for this to work. First, when to sell and then when to get back in.
by MNGopher
Sat Feb 08, 2020 11:37 am
Forum: Personal Investments
Topic: Annuity Question
Replies: 21
Views: 1122

Re: Annuity Question

Annuity salespeople prey on peoples fears about having enough retirement income. Personally I'd be more fearful of someone skimming 1.25% off my portfolio every year. I think you may be mixing up two concepts. The predatory part in this case is the fee. Running out of money is a legitimate fear, an...
by MNGopher
Sat Feb 08, 2020 10:51 am
Forum: Personal Investments
Topic: Annuity Question
Replies: 21
Views: 1122

Re: Annuity Question

Annuity salespeople prey on peoples fears about having enough retirement income. Personally I'd be more fearful of someone skimming 1.25% off my portfolio every year.
by MNGopher
Sat Jan 11, 2020 5:41 pm
Forum: Investing - Theory, News & General
Topic: Why are Dividend Stocks pushed so hard?
Replies: 129
Views: 6815

Re: Why are Dividend Stocks pushed so hard?

The word dividend has a couple of different meanings in the dictionary. The one that most of us here think of here is "a distribution to shareholders". The other meaning simply means "reward", as in "Being nice to people pays dividends". I think many people confuse or intermingle the two meanings.
by MNGopher
Mon Jan 06, 2020 11:08 pm
Forum: Investing - Theory, News & General
Topic: Why lack of bonds in Target Date Funds?
Replies: 61
Views: 4508

Re: Why lack of bonds in Target Date Funds?

Exactly. My 2040 fund beat your 2040 fund is a great advertising point, even though the asset allocation may not be the same. It's important to look at the internal makeup of your index funds to make sure you are getting what you want.
by MNGopher
Sat Jan 04, 2020 9:36 am
Forum: Personal Investments
Topic: National Life Group refuses to rollover 403b annuity to 401k
Replies: 22
Views: 1678

Re: National Life Group refuses to rollover 403b annuity to 401k

The school district will have an Approved Vendor list. You could get this from the HR office or maybe there is a link for employee benefits through the school's website. I have done exchanges from a 403(b) annuity to a 403(b)(7), which is not an annuity, at Vanguard two different times. I had to do ...
by MNGopher
Thu Jan 02, 2020 9:41 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1554
Views: 205477

Re: Post your Financial Milestone Announcements Here

Hit the million dollar net worth mark today, on the first market day of 2020. So, it's been a good year so far! This is on a single income teachers salary. I usually only check once a month, but I had to take a peek today since the market was up so much and I knew I was close.
by MNGopher
Thu Dec 26, 2019 4:32 pm
Forum: Personal Investments
Topic: Timing Roth funds purchase
Replies: 15
Views: 820

Re: Timing Roth funds purchase

Invest it in your desired fund as soon as possible. More time in the market, and all. I invested mine on January 2. That worked great this year.
by MNGopher
Mon Dec 16, 2019 9:16 pm
Forum: Investing - Theory, News & General
Topic: The worst investment advice I know
Replies: 170
Views: 14616

Re: The worst investment advice I know

I don't like when people give the advice like, "Always invest in Roth first" or "always invest in tax deferred first", without knowing anything about the person's income or tax bracket.