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  3. Some posters on teachandretirerich and Friends of Vanguard FB groups shared their 12 month return instead of YTD. Not sure why. My 12 month returned 10.4%. The equity allocation creeped up to 40%/60% is one reason my return was double digit. I sold my home last July and I inserted the cash in VG MM, and its going to sit there until I decide to DCA into my current AA. Now my stock bond split is back to about 31%/69%.
  4. You young kids and your tweets... I re-watched the episode over the weekend and it's all still very valid. Maintaining an understanding of the impact of fees and that "advisors" aren't working in your best interest are good concepts to revisit periodically.
  5. Next quarter at the end of the year, we will have this same conversation. LOLs!
  6. To change a percent to a decimal so you can multiply or divide, move the decimal point over 2 places to the left. So 0.064% = 0.064/100 becomes 0.00064. 😊
  7. Thanks for the fix. I been told that many times but my math phobia seeps in. 6.4/100 is my cost. For calculating the dollar amount would be .00064? or .0064? as I indicated in the footnotes, not sure how the Treasury collects fees or even if they have any. Tiaa fees are the spread as I understand it.
  8. Thanks Scott, I did not of the reposting. Ill see if Martin might be interested if I can connect with him on my twitter feed. Steve
  9. PBS recently reposted the Retirement Gamble on 9/21: https://youtu.be/lkOQNPIsO-Q Looks like Martin Smith is still working for Rain Media making Frontline documentaries: http://www.rainmedia.net/ . I wonder if he'd consider revisiting the topic or crafting an update.
  10. Hey Steve, nice work! On your total annual cost, 6.4 Basis Points is 6.4/100 or 0.064%. Did you calculate what it would be if you left out the 2 with no ER? Still very low I bet.
  11. Hi all, That time of the year to post your AA and portfolio return. Despite the selloff in the last couple of weeks, I still have a 4.3% gain for the year. That may not be a huge return to brag at parties, but as a retiree, with mostly bonds and cash, I am a happy camper, and I will brag if we can attend parties soon safely. Doesn't my portfolio look beautiful? It is a story of my 25 years of investing experience. It does what it is designed to do, keep costs extremely low costs, 6.5 basis points, and get reasonable returns from my balance between bonds, cash, and stocks. Happy returns, Steve
  12. Have you checked your employer’s 403b written plan and confirmed that the 15 year catchup is allowed? Because of its possible complexity, many districts do not include it. If it IS allowed, have you read IRS Pub 57l on it? https://www.irs.gov/publications/p571#en_US_202101_publink1000239722 I don’t think your age at retirement is considered in the 15 year catch up, only that you have had 15 years of full time employment with the same district. Notice that at the bottom of the above link, there is a link to: "Worksheet 1. Maximum Amount Contributable (MAC)" that is used to determine the amount of the 15 year catch up you may be eligible for. You can qualify for both the age 50 6.5k catch up and the 3k 15 year catch up. The latter is used before the former.
  13. Is this of any help? https://www.irs.gov/retirement-plans/403b-plan-fix-it-guide-an-employee-making-a-15-years-of-service-catch-up-contribution-doesnt-have-the-required-15-years-of-full-time-service-with-the-same-employer
  14. Can someone please explain how the 15yr service catch up works and if I might qualify? I have worked for my School District for 21 years, but have only had a 403b Roth account open for about 7 months. I also turn 50 this year and will be eligible to retire and will at age 55. I read somewhere you can start 5 years from retirement age. Is that age 62 (or is it 65) or is it when I am eligible to retire from my job? If so, would I receive the extra $6500 option for turning 50 as well as 3k each year for the next 5 years? Thank you
  15. Here's a bit more IRS info on the 15 year catch-up. I think you are correct that if you have contributed more than $75k, you are not eligible. https://www.irs.gov/retirement-plans/403b-plan-fix-it-guide-an-employee-making-a-15-years-of-service-catch-up-contribution-doesnt-have-the-required-15-years-of-full-time-service-with-the-same-employer
  16. Source: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-403b-contribution-limits I'm nearing 15 years of service and would like to confirm that, if I've contributed more than $75,000 ($5,000 * 15) over that time, my elective deferral limit is increased by $0(?) It would certainly be the "lesser of."
  17. Hi. The $36 OMNI fee is what my district pays OMNI per participant. My memory is foggy on this whole situation, but I do remember talking to and emailing with a representative from IPX. I also uses 403Bcompare.com. That is where I would have gotten my information from. The representative I spoke with and emailed with was Rick Moser <rmoser@fps-services.com. I would email him. He was very responsive and answered all of my questions. I ended up going with Vanguard direct and have been happy minus some issues with how quickly they processed my transfer of funds from Aspire. Please let me know if you have any other questions.
  18. Hi. The $36 OMNI fee is what my district pays OMNI per participant. My memory is foggy on this whole situation, but I do remember talking to and emailing with a representative from IPX. I also uses 403Bcompare.com. That is where I would have gotten my information from. The representative I spoke with and emailed with was Rick Moser <rmoser@fps-services.com. I would email him. He was very responsive and answered all of my questions. I ended up going with Vanguard direct and have been happy minus some issues with how quickly they processed my transfer of funds from Aspire. Please let me know if you have any other questions. JC
  19. I can't answer questions about the fees that JC pays. After looking at IPX on 403bcompare (sited above), I would stick with Vanguard and skip Fidelity. The difference in expense ratios of their index funds is minor. I'm assuming you are going to use index funds? A difference of 0.02% on 300k is only $60. Third party administrators like OMNI charge for each district employee that has an 403b account. Somebody has to pay the fee. The expensive vendors agree to pick up the tab because they make a lot of profit on their products. Most districts don't want to pay the fee and are happy to have it taken care of by the vendors. The district's are oblivious as to the high fees that their employees are charged.The low-cost vendors like Vanguard and Fidelity won't usually pay the fee. Vanguard and OMNI have recently worked out an agreement to have Vanguard collect the TPA fee from the employee and send it to OMNI. I don't know how IPX is handling the TPA fee.
  20. Not sure if this post is still active. My district also added IPX this year. I have been working with the union to offer better options, the district obviously still resists. According to 403b compare it says the fees for Fidelity is $126. JC, where did you find the fees as $50 a year? It also says that is based on $10,000. What wold the yearly fees be for $300000? I also see where IPX does not offer any index funds through Fidelty. JC can you explain to me the $36 OMNI fee? Does your district give you the option to pay that fee and invest where you like? Does your district make each individual pay the $36 per year? My district does not charge us a penny to invest in the 403b. Instead they have adopted the awful P3 list of expensive options.
  21. Finally getting around to reading (listen on audio) Roger Lowenstein's massive tome about Buffett. I am about half way through. Buffett has the right balance on not just money but life. He focuses on capital but also one character, never expecting more from others than he would of himself. He focuses on the company balances sheets but also has a keen sense of management and their character. He focuses on investments but has superb management skills that would put most major CEOs to shame. When he takes his work seriously, he is not serious. His homespun philosophy, small town country values and sense of humor, is why people respond to well to him because they believe him. He is genuinely authentic and organic, makes decision relying on the data directly from the companies, not statistics or math from academia or anybody else. Finally, he is transparent in everything he does, thinks long term, treats the companies that he manages or owns like a marriage, for the long term. Obviously, with all of this in mind he thoroughly rejets just about everything that happens on Wall Street--especially the trading mania and short term outlook. https://www.amazon.com/Buffett-American-Capitalist-Roger-Lowenstein/dp/0812979273/ref=sr_1_1?crid=2BCL1OU23LZIJ&dchild=1&keywords=roger+lowenstein+buffett&qid=1621350262&sprefix=roger+low%2Caps%2C210&sr=8-1
  22. OR state 457b plan: https://my.voya.com/einfo/fundinfo.aspx?page=investment_informationfundperformance&cl=oregon&pl=350001PU&domain=osgp.voya.com The Fidelity 457b is incredibly low-cost, assuming you use their index funds. (Their fees are probably so low because they hope you will use some of their expensive funds?) Their funds and fees are the same for their 403b and their 457b. The only administration fee is $24/yr. https://www.403bcompare.com/products/68#/investmentoptions The OR state 457b has an admin fee of 0.17%. That’s certainly not prohibitive, but I don't think anybody beats Fidelity’s 457b fees. The OSGP fund’s expense ratios vary from very low cost to modest. https://www.oregon.gov/pers/OSGP/Documents/Fee-Structure.pdf I don’t know of a reason for working to add the OR state 457b to your district's list.
  23. yes i did have problems with that however i was successful getting the plan number.
  24. From reports, they seem to have been somewhat slow in getting the account set up. I'd wait about 2 weeks before calling, but who knows, maybe they've improved their service? Maybe you will be pleasantly surprised? Some posters have had some difficulty getting the district to give them the plan number for Security Benefit's form, but that's something the district has to sort out.
  25. Good day everyone- I am opening up the old thread because I looked at the SACT holdings today, and as of last year they include companies traded on the NASDAQ, such as Apple.That sounds like no big deal, but for those who have followed this investment fund, the legislation that established it prohibited the managers from investing in stocks on the NASDAQ. Does anyone know when the SACT rules were changed? This seems like a promising development. https://www.nj.gov/treasury/pensions/documents/pdf/sact-summary.pdf
  26. ok thank you. just sent the form thru doc sign. so waiting to hear from them. Do they normally send set up info through email or will i probably need to follow up?
  27. Bashdash, thanks for the testimonial on NEA Direct Invest! Here's my spiel on NEA Direct Invest: The only low-cost vendor on your vendor list appears to be Security Benefit’s NEA Direct Invest. It is internet based, not local rep based. It is a SB 403b and NEA has no direct involvement. There is no local rep (salesperson) to ask about it. It offers a small number of low-cost Vanguard index funds and charges only $35 per year for balances under 50k, no admin fee for balances over 50k. Its phone service has been reported as poor at times. With patience and perseverance, you can get the job done. We can help with any questions. The only NEA Direct Invest funds needed are: Vanguard Total Stock Mkt Admiral, expense ratio (ER) = 0.04% Vanguard Total International Stock Mkt Admiral, ER = 0.11% Vanguard Intermediate-term Bond Index Admiral, ER = 0.07% (a good substitute for Total Bond Mkt Index Admiral fund) You should not use their TR Price target retirement funds as they are too expensive (ER 0.77 to 0.99%). This webpage gives the basics of NEA Direct Invest https://securitybenefit.com/individuals/product/nea-directinvest On this webpage, click on “Enroll Now” to access the steps to get started. https://www.nearetirementprogram.com/nea-directinvest Here’s my interpretation of the Steps: Read over Step 1. Your district will likely require their own Salary Reduction Agreement. Hold off on giving this to your district. Hold off on moving other accounts into this 403b until this account is established. Complete the application form and mail it to SB. If you have questions about the form, ask us rather than trying to talk to SB about it. After about 2 weeks, call if they haven’t contacted you, and inquire about your account’s progress. 6. After the account is set up and you have internet access to it, you can work on moving your wife's Ameriprise balance to NEA Direct Invest.
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