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  1. sschullo

    YTD Report

    Great clips for a very smart man. In all fairness to my generation, in the 60s people forget how devastating the JFK assassination was. Kennedy was an enormously popular president! And would have been reelected in 1964 easily. Johnson did everything right but NOT Vietnam!!!!!!!!!! Nobody knows what Kennedy would have done about Vietnam. It would be all speculation to guess. Five years later, (1968) while I was in the Oakland Naval hospital glad to get out of the horrific mess called Vietnam, MLK was also assassinated, and then 2 months later, Robert Kennedy!!!!!!!!! Yes, events are terrible today, but 1968 was a terrible year with rioting all over the country and Chicago's democratic convention was a war zone. While the country was badly wounded by all of these horrific events, the country did survive. But one of the prices is our continued terrible race relations and income inequality. The middle class is disappearing. And no political party is addressing that core issue!
  2. sschullo

    YTD Report

    Germany is a perfect example of what this country should and I think will now follow. The Germans are saying to the world that we are not nazis! There are no monuments anywhere reflecting that terrible, horrific era between 1933-1945. Here we have hundreds of monuments celebrating this terrible U.S. history, and some people are proud of that time??!! I was so proud to attend our local rally and see all of these young people confront our race relations head-on in which my generation failed to finish the job. Many of my generation read "Black Like Me". As a 17 year old, caucasian from Wis. I could not believe what I read, and a half-century later I still cannot believe we are still going through this.
  3. sschullo

    YTD Report

    In case anybody is interested. I wrote a blog piece about the past three months, some historical perspective of horrific events during my lifetime. We are going to get through this! And additional sharing of my thoughts on my portfolio and why it is performing as designed. Enjoy! https://latebloomerwealth.com/commingling-of-life-money-y-t-d-report-2020/
  4. Absolutely, run from this pure and unadulterated insurance salesman. You came here and you know too much to ever go back to trusting this guy or anybody else who makes those types of self conflicted pitches. You got great feedback from smart people here that you will never get from any so-called "professional" in the public k12 403b market.
  5. sschullo

    YTD Report

    What a quarter, and the stock and bond market is the least of it. May 25th will go down as "a date which will live in infamy, " quoting FDR speech about December 7th, 1941 the surprise attack on Pearl Harbor by the Japanese. Not only that but COVID is going to be with us until the 100 companies who are working on a vaccine develop one. The virus came home to roost when a friend who lives in Los Angeles got it. The only symptoms were no smell or taste--no fever, no sore throat, no aches or pains. This disease is not going away as expected during warmer months. I am not going to get into politics. Suffice to say that Georgiana, my wife, and I wear a mask 100% of the time when we are out of the house and out of our car. For comparison between the Q1 and Q2 will show how my portfolio recovered to have a Y.T.D. return of +.5% or half a percent. Q1 returns Q1 and Q2 Returns Asset Allocation has not changed for over five years except this year, I sold my Total Bond Market Index IRA and invested in California Munis strictly for income tax advantages NOT BECAUSE OF ANYTHING ELSE. This move is within my stock/bond split plan. No cost adjustments for my Vanguard and TIAA portfolio.
  6. We have all, or mostly all, of us made the same mistake. It is criminal that these products are STILL being sold each and every day to our public k12 403b plans. $375 dollars after the last five years is criminal! I was in my middle 40s when I had to pay an 18% surrender fee to get out of two horrible fixed annuities, but I did it in 1994 and was happy I did. I was so angry at the time, that I vowed to write a book, and I wrote two books to try and inform our colleagues to stay away from the "nice" guy or gal in the cafeteria. You might be able to take it out over five years, but depending on the contract, you might not get any interest. But in your case, assuming you have 20 years until retirement, I would pay the $627 so you can invest it in genuine stock and bond markets.
  7. Tony, With nonErisa 403bs, it is my understanding that TIAA is only available. Depends on the district's plan document. I know for my district only TIAA is available. I looked into the REIT from Cref side for my Roth IRA but it was .99% cost at the time! That's all I know. Heather may have a different access to TIAA and CREF than I did because her district matches 5%. That makes it an ERISA 403b, I believe. Steve
  8. Hi Heather, Welcome to the site. Avoid the CREF side. They are high-cost mutual funds. I used the TIAA side for many years in the 403(b). I had an equity index and a bond fund ONLY on the TIAA side. I still have the Traditional Annuity which pays 3.00% with no surrender, no advisor fees, no expense ratios and the principle is guaranteed. TIAA gets paid by what they get in the market and what they credit you. I would suggest you call TIAA and find out what you can do. Also, I see that your employer matches 5.0%. That's great! But it does restrict what you can do to get a Vanguard or Fidelity.
  9. Also, the legendary author of the FI and FIRE movement is CL Collins Simple Path to Wealth. He credits Bogle from the first to his last sentence. It's an easy ready Tricia. Here is my Amazon review of Simple Path to Wealth: https://www.amazon.com/gp/customer-reviews/R24LBG260PCZHL/ref=cm_cr_dp_d_rvw_btm?ie=UTF8&ASIN=1533667926#wasThisHelpful And my Amazon review of Your Money or Your Life by Vicki Robin: https://www.amazon.com/gp/customer-reviews/R34XCX7436D7ZK/ref=cm_cr_arp_d_rvw_ttl?ie=UTF8&ASIN=0143115766
  10. Ed and MNgopher, I don't know about you MNGopher, but I wish I were young enough to see how all of this plays out with the FI and FIRE movement. It will be interesting of the unintended consequences of retiring with a million or 1.5 million without a pension or full SS, yet living for up to 60 more years without an income! Its the longevity that is uncharted. Wall Street has data going back 100 years but the future is unknown. So its the only part of the equation that has to be trusted. Do we trust that the stock market and the world economies will continue to grow? If we cannot trust that, what is the use of investing? Illness is another factor. Capitalism is great for a healthy, literate, and sound mind but a chronic illness of any type takes it all away in a minute. Also after watching the documentary Playing with FIRE, the bigger transitions from Scott and Taylor in the were not the transition from employment to living without an income, it was the withdrawal systems of transitioning to frugal living. Initially, Taylor did not want to give up her Mercedes Benz, but that's just a small part. It was tough for them, but they did it. I wonder how many people will give up on living in frugality and retire in their 50s instead. But you folks are extremely smart and talented and you have got all of these known risks covered. I am most proud of the anti-materialism and anti-consumerism throughout the materials and books that I have read from your gurus.
  11. Thanks for reading my book! In the appendix, with Vanguard's permission, I published Vanguard's Model Portfolios. Since my late 50s, I used the 30/70 AA which I explained in detail the reasons on pages 80 and 81. Your current 75/25 is fine for your time horizon and you made it through (so far) this latest decline without losing sleep or worse yet panicking and getting out. You graduated! You have great risk tolerance. Congrats. I thought I had it back in the day with the tech bubble crash which lasted over two years and i was younger but what I had was not risk tolerance but overconfidence. That's just as deadly. Bill Bernstein wrote about if you won the game why continue playing. That was just one of the major mistakes I made. You asked about increasing your fixed account allocation as you age. That depends on how much you need the money when you retire. Some people can live comfortably with their pension and other sources of income (side gigs etc) and if that's the case, heck go 100% stocks and let your descendants benefit. But if you need the money, like I do, take the conservative approach.
  12. Tricia You asked about an AA with age. What are your thoughts so far? Steve
  13. Update. The portfolio is now down about 2.0% YTD at the closing of markets last Friday, May 22. From the highs of my portfolio in the middle of February to the lows of March, my portfolio was down about 12%. My thoughts. For most people market crashes are memorable but what's not so memorable is watching the markets recover. Buy and hold and long-term investors are able to just observe this fascinating stock and bond world. Passive investors participate by going along with the ride with all that is going on with thousands of corporations around the world with millions of hard-working employees, all of that energy is at our fingertips. Wow! Sorry but I get a little emotional about this! But this has little to do with me, its how my portfolio was constructed to go along with the flow, up over the last 11 years, down for a while and now up. Fascinating!
  14. Tricia, I like VG and Bogleheads philosophy also. Both have done great things for over 20 years (Bogleheads) to help us ordinary folks get a s at Wall Street using Vanguard index funds: Reasonable returns with reasonable risk with rock bottom costs and core asset classes. Nothing fancy, just plain and ordinary investing in the broadest and most diversified stock and bond market indices around the world. How cool is that! I have saved so much in fees it has paid for a lot of good stuff in my retirement life. I used that model portfolio allocations years ago to set up my stock-bond split that is suitable for my willingness to take equity risk and the need for the $$ for retirement. There are a number of Bogleheads who take 100% stock allocation for years and are perfectly happy with the volatility.
  15. I plan to today. Sorry I missed yesterday because something came up.
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