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  2. Exactly but we aren't built that way. We are impatient and somewhat greedy so we aim too high, make mistakes and some of us end up with LESS than average returns.
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  4. With regard to investing...."Don't do something. Just stand there!" -Jack Bogle
  5. Keeping your retirement savings on track helps you meet your retirement goals. That seems like a very simple concept, and in a way it is. But living with that plan every day isn’t quite so simple. Knowing how much one should save for retirement is useful — it can motivate you to take action. And it can be interesting to compare your savings to the average savings rates for every age. https://www.newretirement.com/retirement/how-much-should-i-save-for-retirement-average-savings-rates-for-every-age/?acid=26994&nr_a=AC&nr_medium=email&nr_campaign=BlogDigest&nr_creative=Blog_2021_1D&nr_adgroup=average_savings&nr_keyword=2021_01_22&utm_source=Newsletter&utm_medium=email&utm_content=Retirement+Information+and+Tips%3A++TODAY&utm_campaign=retnewsjan2021d
  6. It was ten thousand at one time. It was also 100,000 at one time if i read correctly. Obviously these things change.
  7. For their index funds, Vanguard eliminated the Investor class and made them all Admiral with a 3k minimum. For most actively-managed funds (non-index) Admiral class has the 50k minimum. https://investor.vanguard.com/mutual-funds/share-classes
  8. It still doesn't open for me. The Callan Table is GREAT! I can't help looking for a "trend", and end up concluding again that Total Stock Market Index fund makes the most sense. My Excel spreadsheets says we increased 11.1% in 2020 and 12.9% in 2019. I'm not surprised because stock were up about 20% in 2020 and about 30% in 2019. We were about 40/60 in 2019 but it's crept up this year and I may do some rebalancing.
  9. I agree that your next move should be a 457b once you max out a 403b if its decent. But there is nothing wrong and somewhat smart to diversify your accounts beyond retirement account especially if you exhaust all your decent retirement accounts and still have money to invest. For instance, you can write off loses against gains in taxable accounts. That's called tax loss harvesting. I did that effectively for years and reduced my taxes to zero or close to it in some years. I also think its smart to have tax sheltered and Roth accounts. Ultimately , saving in any of these vehicles is smart as long as you keep your fees rock bottom. I think Stillwater should reconsider trying to tap into a managed fund and instead stick to index funds completely but that is his call. Overall he is doing good things. Vanguard has changed since I retired in some ways and I went to their website and realize that now. I haven't done that in years outside of my balances page.
  10. I didn't know that they now have a $50,000 min for admiral shares. Wasn't it less at one time? If I remember correctly it was $10,000 at some point . I guess that's understandable that I'm not aware of that since I have no interest in investing in their managed funds. I am sure Newport is better now. I caught them exactly when the 403b transition started.
  11. Does your district have a 457b plan that you can contribute to? Most districts do, although there can be a lack of a low-cost vendor. About half the states allow school districts to join state employees in a state-run 457b (also call a Deferred Compensation Plan or DCP). What state are you in?
  12. Vanguard has a 50k minimum for all non-index Admiral class funds, whether they are in a taxable account or in an IRA. Vanguard is getting serious about attracting more K-12 403b districts and through Newport Group has reduced some ERs, added the Roth 403b. I think NG has improved a lot since those early days. Scott and Dan have met with NG and VG at the VG HQ last year I think, and were very impressed with the changes.
  13. I agree that the savings in a lower expense fee doesn't make up the cost of the 403b fee unless it's over 95k which then the 403b wouldn't be necessary. HOWEVER, after maxing out my IRA, where else can I invest? A taxable account? Maybe. But wouldn't that be counter to trying to keep my investment tax sheltered?
  14. Krow nailed it. That explains the rationale right there. That makes sense as to why it's cheaper in a 403b. I had no idea this could ever happen. It's a rare situation. I had no idea there was a 50 k min. in an IRA for that fund. WHY ? In MOST cases Vanguard funds will be cheaper in a regular IRA account but looks like there are exceptions. I learned something. I had a lot of problems dealing with Newport when I was trying to do a transfer out of a 403b and into an IRA. I was not impressed with the phone reps. But that was early on when Newport was first managing Vanguard's 403b. I'm sure they have it better together now.
  15. I don't think there's a problem with the Vanguard phone rep. The Wellesley Admiral fund has a minimum investment balance of 50k because it's not an index fund. The Newport Group/Vanguard 403b waive the balance requirement and so Wellesley Admiral is cheaper in the 403b than in the IRA. The 403b also has Institutional class Target Retirement funds, ERs of 0.09% instead of the IRA's Investment class ERs of 0.14%. These differences in ERs don't make up for the 403b annual fees compared to zero annual fees with the IRA, at least for smaller balances like those of Stillwater007.
  16. Have to be honest Vanguard advice can be lacking especially on the 403b side which is administered by an outside agency I believe it was Newport? I would triple check any advice they give you. Sometimes these phone reps aren't very knowledgable. Let us know what you decide.
  17. Krow thanks for posting the link. It was hard to get it to link as a PDF on this forum but it does now open for me so maybe it opens now? Comparing 2019 with 2020, it would seem that my performance should have been better in 2019 especially since this January I added more to bonds but strangely it seems to me I made more money this past year instead 2019. Can't explain it.
  18. Tony, that link doesn't work for me. I'll give it a try: https://www.callan.com/research/2020-classic-periodic-table/
  19. 76a3f2eb-5319-46be-ab3e-dd8ff2103f6c.pdf Always a popular chart, this chart shows this year's best asset class for performance. As you can see you must diversify to capture market returns because winning categories fluctuate yearly. Seems like a strong 2020 year across the board except for real estate and cash. If that trend reverses we may be in for a rougher ride years to come invested in stocks. But, who really knows. Never would have expected this past year to have been a good one. Wishing all of you a Covid -19 free 2021 Tony
  20. I agree with Tony that moving your IRA to your 403b is probably not a good idea because of the 403b fees. A difference of 0.07% in ERs is not significant. Even if your 34k was all in Wellesley, the difference in ERs is $23.80. I think the way to lower your ERs is to use index funds rather than actively-managed funds. The only valid reason I can think of to roll your IRA into your 403b is if your IRA was traditional not Roth, and your income was high enough to prevent you from contributing directly to your Roth IRA. Rolling the tIRA to your 403b would allow you to use the Roth IRA backdoor process.
  21. It does seem hard to believe, but I think it's Vanguards way of attracting clients to invest in their 403b plans because it does cost $5 a month or $60 a year as opposed to the IRA. Yes, it's virtually the same. For example, the tIRA has the VWINX while the 403b has the VWIAX. They're both the Wellesley Mutual Fund, one is the Admiral, the other Investor. Aside from the difference in the Minimum balance requirement and expense fee , they seem to be the same.
  22. I totally get moving away from Edward Jones I'm not sure I understand the rest . Are you sure your Vanguard 403b offers an identical Vanguard fund lower than the same fund in a Vanguard IRA? Hard to believe. At very least it should be the same cost and usually lower.. In any case you are lowering fees so it can be done.
  23. Hi Tony, I should probably elaborate better. My fault. So I moved my tIRA that was with Edward Jones to Vanguard. It went from 1.05 in fees to .23 in fees. Don't ask why I went with EJ, I was clueless. The rollover to the Vanguard 403b(pre-tax) would be for the fees to be even lower from .23 to .16%. That's mainly why. I will already start contributing to the ROTH side of my 403b(Roth) so I will have fees anyways ($5 a month). There are no extra fees to have add the 403b (pre-tax) to the 403b Roth since it's still only one plan. It seems advantageous, I dunno? At least that's what Vanguard told me over the phone.
  24. You can do it if your plan allows it . Better check first.I really don't see any advantage to doing that. Why not just rollover the current IRA over to a lower cost IRA equivalent at Vanguard. You can probably go even cheaper that way and it can be done at anytime. 403bs always have more fees. Also I'm assuming this is a tax advantaged IRA going to a tax advantaged 403b plan. I doubt you would want to transfer a Roth IRA into a 403b tax advantaged plan. At some point you will probably be doing the reverse. You will transfer/consolidate your 403b funds into an IRA fund upon retirement. I don't see the point of doing an IRA to 403b transfer when your IRA can be transferred to an even lower cost equivelent in an IRA account. Also, if I rollover my tIRA (which is around 34k total), would it effect the max amount allowed I have to contribute this year? I don't think so as a transfer is not treated as a paycheck contribution.
  25. I am thinking of rolling over my tIRA into my 403b account plan. The reason why is: 1. Expense ratios for the 2 mutual funds will be cheaper going from around .23% to .16% The 403b waives the minimum starting investment and it happens to be Admiral Shares which are cheaper than Investor Shares. Also, if I rollover my tIRA (which is around 34k total), would it effect the max amount allowed I have to contribute this year?
  26. Steve you write great reviews I must say. I made my mistakes. I blame the sleazy salespeople but I also blame myself because early on I made some poor decisions based on thinking I knew more than I did. Plus I watched those cable business news networks feeding me nonsense on what to do with my money. What was and what was not cool to own . I believed the so called experts because I was young and naive and trusted the financial industry. It took a while but I finally got it figured out. Invest in diversified index funds, rebalance when needed And DO NOTHING!! except save as much as you possibly can. For you newbies, you don't have to make those same mistakes. It's a different age now and with the internet you can find the correct path much easier and quicker than I ever could. The good news is even if you made mistakes it's never too late to get it right. Why is something as easy as investing seem so hard to so many? "Ordinary folks with no formal financial education can be wealthy if they have a handful of behavioral skills that have nothing to do with formal measures of intelligence." Amen.
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