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MNGopher

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Everything posted by MNGopher

  1. Sorry for your loss. Did the Social Security Administration give you a reason why you are being denied benefits?
  2. We have a professional development bulletin board in our teachers lounge. We also have a whiteboard for union news. I think both of these would be a good place to post a copy of the NYT article.
  3. I full year of service credit is a big deal. It would be hard to pass that up. Congrats.
  4. Of course we must realize that the great first quarter just brought us back from our losses Q4 2018. Just keeping things in perspective 😀
  5. About 10% return for Q1 on my 65/35 portfolio.
  6. I'm about the same distance from retirement as you and I have the TR 2025 in my 403B. Vanguard recently reduced the expense ratios on these funds in their 403Bs. I think it's .09% instead of the .13% they have listed, but don't quote me on that number exactly.
  7. The main thing is put as much as you can afford in your tax advantaged accounts. It's always good to have a mix of tax deferred and Roth. Higher income years defer more. Lower income years do more Roth.
  8. https://www.investmentnews.com/article/20190304/FREE/190309976/vanguard-share-of-target-date-fund-market-becoming-obscene The drop to .09 expense ratio certainly doesn't hurt.
  9. Great news for you! The 403B(7) is non-annuitized and is a much better option for you for all the reason krow36 mentioned, plus I would assume, no surrender fee, and in general just easier to track your investments and performance. The "sub accounts" of traditional 403B annuities are very confusing and difficult to track what you are actually invested in.
  10. https://clark.com/insurance/variable-annuities-vs-life-annuities-by-the-number/ Not a new article, but pretty much straight to the point.
  11. When I switched my 403B to Vanguard the paperwork was called an exchange/transfer form. For mine it did require a signature of Third Party Administrator, so I had to mail it to them with a SASE and they forwarded it on to Vanguard. I'm not sure that every custodian has the same requirements though.
  12. True, but I have more in taxable then 403B (because of bad 403B choices most of my career), so I figure I might as well spend that first (pre 59.5).
  13. I read an interesting post on Bogleheads the other day. The poster was early 50's with a 50/50 allocation. He said that he only rebalanced one way, meaning that when stocks appreciated and hit his band, he would sell and buy bonds to get back to 50/50. But if stocks dropped, he wouldn't sell bonds to buy stocks. He just left it alone and continued to make his regular contributions as normal. I believe he had something like 20 years of minimal spending needs in fixed income, and wanted to keep it at that level.
  14. The woman in the example in this article (Susan) has about the same pension and social security payout that I am projecting for myself. I don't have anywhere near a million in tax deferred and I plan to retire at 57 or 58, with the help of taxable savings between age 57-59.5, 403 B between 59.5 and full retirement age (67), and Roth whenever extra is needed. I would question why she would work until 70 with that much deferred and a good pension only to start huge RMDs immediately. I would have retired sooner! I realize she is probably just a hypothetical example to make a point.
  15. ^ Agreed. I don't expect rebalancing to necessarily improve performance in the short term. I expect it to keep me at my desired risk tolerance which hopefully works out well long term.
  16. Thanks, I will check out that m* feature.
  17. Vanguard won't figure my 403B (now managed by Newport Group) in with my other Roth and taxable accounts. 403B is up 4.9% ytd thru 1/30/19 Roth and taxable are up 6.2% ytd thru today 1/31/19. I'm feeling good about maxing my Roth on Jan. 2 instead of DCA for the first time.
  18. Not a problem. I get suspicious of any investing product that is offered by an insurance company, especially one that has ripped me off in the past. In this case it appears the OP has good options in his plan.
  19. Yes, of course they are different. As you yourself noted though, he didn't specify that he was with a medical organization and not K-12 in his initial post to which I was responding. I don't know anything about medical employee plans, but I would assume it is still wise to investigate all fees.
  20. Just that insurance companies like Valic tend to hide fees and expenses that you wouldn't get when investing directly with a mutual fund company like Vanguard. Perhaps they are more transparent now than when I dealt with them, and your plan could be much different than mine. I just remember that the Vanguard funds offered to me through Valic were about .70-1.0% higher expense ratios than going directly through Vanguard. Sometimes they will tie in death benefits or other insurance nonsense with their investment products.
  21. Vanguard total bond market index (VBTLX) is an excellent bond fund choice, and if you can get it at .05 expense ratio, without a big load fee of some kind, is great. Most of the Vanguard funds appear to be at their normal price offered when purchased directly from Vanguard. The question is, what other wrap around fees may be involved?
  22. I contributed small amounts to a Valic 403B for more than a decade. Starting 15 years ago my K-12 employer started offering a match of $25/pay period or $600/year, which also went into the Valic account. I knew it was a bad option, but figured it was better then doing nothing, so I contributed to it while also doing a Roth IRA. About 5 years ago my employer added Vanguard and Fidelity to our approved vendor list for 403Bs. I immediately started a new 403B(7) at Vanguard, while stopping any new contributions to Valic. The Valic account had a 15 year surrender penalty period, which was almost over, so I just waited it out before doing the exchange to my Vanguard account of about 90% of my 403B value. I am in the process of now exchanging the last 10%, which was the employer match portion, and has just now also passed 15 year since started. If you think your employer will have better options added in the future, it may be worth "holding your nose" while contributing to Valic, knowing that you can do a 403B to 403B(7) exchange in the future. Or if a job change is in your future, you should be able to make a transfer/exchange to the new employers plan.
  23. Why would you not embrace a downturn when you are in your peak earning years? Buy low, and all that. I understand the autistic/Asperger mindset because I have it myself. Don't pull the plug too early just because the numbers seem right.
  24. Ed, I think you said you are in you mid 30's. Your investing career started at a great time. Did you think the markets would go up forever? Embrace the occasional downturn and keep buying, and forget about FIRE until you are at least mid 40's.
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