Investing, Stock Market and Retirement Planning Thread
-
- Posts: 60949
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
@ Mamber.
I went with Utah's 529 plan because it's the most customizable, but Vegas was my second choice.
I went with Utah's 529 plan because it's the most customizable, but Vegas was my second choice.
-
- Posts: 11591
- Joined: Thu Apr 30, 2015 3:27 pm
Investing, Stock Market and Retirement Planning Thread
Thanks for the info Tomas. I never really looked too deep into where I should be investing my 529, so this will probably change things for me. Looking at CA, the .08% fee is only if you choose the Principal Plus Interest plan, which has very low returns. All other choices add an expense fee on top, making CA not as attractive. The NY plan looks interesting with their .15% flat fee regardless of which plan you choose. But I'm not sure if I can deduct PA state taxes from my investments. How do you know Arkansas will allow deductions on out of state investments?
Investing, Stock Market and Retirement Planning Thread
My take is that as long as I have access to one cheap "index stock" and one cheap "index bond" portfolio, I can easily play with the weights myself to get a sufficient customization. So I like California, because they have 0.08% for US stock index and 0.15% for US bond index. Nothing else - but I don't care.@ Mamber.
I went with Utah's 529 plan because it's the most customizable, but Vegas was my second choice.
-
- Posts: 60949
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
If you're asking about PA, look here: https://www.savingforcollege.com/529_pl ... plan_id=76Thanks for the info Tomas. I never really looked too deep into where I should be investing my 529, so this will probably change things for me. Looking at CA, the .08% fee is only if you choose the Principal Plus Interest plan, which has very low returns. All other choices add an expense fee on top, making CA not as attractive. The NY plan looks interesting with their .15% flat fee regardless of which plan you choose. But I'm not sure if I can deduct PA state taxes from my investments. How do you know Arkansas will allow deductions on out of state investments?
PA and non-PA 529 contributions are deductible (I've been doing it for years).
Investing, Stock Market and Retirement Planning Thread
Check the "single fund portfolio options" for California: the TOTAL cost for stock index is 0.08% (and bond index costs 0.15%). You can then adjust the stock/bond weights by yourself (for example by mimicking the managed state's portfolio - because the state has to disclose the weights) as your kid(s) get closer to the college age.Thanks for the info Tomas. I never really looked too deep into where I should be investing my 529, so this will probably change things for me. Looking at CA, the .08% fee is only if you choose the Principal Plus Interest plan, which has very low returns. All other choices add an expense fee on top, making CA not as attractive. The NY plan looks interesting with their .15% flat fee regardless of which plan you choose. But I'm not sure if I can deduct PA state taxes from my investments. How do you know Arkansas will allow deductions on out of state investments?
The comprehensive list of state tax deductibility rules is here:
https://www.savingforcollege.com/compar ... _questions
For Pennsylvania, it says:
Contributions to Pennsylvania AND non-Pennsylvania 529 plans of up to the gift-tax annual exclusion amount ($14,000 in 2017) per beneficiary are deductible in computing Pennsylvania taxable income. Spouses filing jointly must each have at least $14,000 in income to claim the maximum $28,000 per-beneficiary deduction. Rollovers from another 529 plan or from qualified U.S. savings bonds are not eligible for the deduction.
I know they raised the limits to $15K/$30K by checking the PA529 page.
-
- Posts: 60949
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
Nothing wrong with that. I created a glide path that's more aggressive [than what I saw available], so right now it's 85% VITPX (.02%) and 15% VTPSX (.07%). VBMPX (.03%) eventually gets added in just over one year.My take is that as long as I have access to one cheap "index stock" and one cheap "index bond" portfolio, I can easily play with the weights myself to get a sufficient customization. So I like California, because they have 0.08% for US stock index and 0.15% for US bond index. Nothing else - but I don't care.@ Mamber.
I went with Utah's 529 plan because it's the most customizable, but Vegas was my second choice.
Investing, Stock Market and Retirement Planning Thread
But aren't these fees BEFORE the plan adds 0.16% administrative fee on top of the fund fee? (At least judging from: https://my529.org/wp-content/uploads/20 ... -Table.pdf ). California adds only 0.03% administrative fee: https://www.scholarshare529.com/research/fees.shtml )Nothing wrong with that. I created a glide path that's more aggressive [than what I saw available], so right now it's 85% VITPX (.02%) and 15% VTPSX (.07%). VBMPX (.03%) eventually gets added in just over one year.My take is that as long as I have access to one cheap "index stock" and one cheap "index bond" portfolio, I can easily play with the weights myself to get a sufficient customization. So I like California, because they have 0.08% for US stock index and 0.15% for US bond index. Nothing else - but I don't care.@ Mamber.
I went with Utah's 529 plan because it's the most customizable, but Vegas was my second choice.
Either way, both of these options are better than PA.
-
- Posts: 60949
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
They are, yes. Sorry, I was just posting the actual fund fees. I can live with the administrative fees, quite honestly. Utah, California, Nevada, and New York are consistently ranked at the top of everyone's 529 list. And yes, PA's plan is garbage.But aren't these fees BEFORE the plan adds 0.16% administrative fee on top of the fund fee? (At least judging from: https://my529.org/wp-content/uploads/20 ... -Table.pdf ). California adds only 0.03% administrative fee: https://www.scholarshare529.com/research/fees.shtml )Nothing wrong with that. I created a glide path that's more aggressive [than what I saw available], so right now it's 85% VITPX (.02%) and 15% VTPSX (.07%). VBMPX (.03%) eventually gets added in just over one year.My take is that as long as I have access to one cheap "index stock" and one cheap "index bond" portfolio, I can easily play with the weights myself to get a sufficient customization. So I like California, because they have 0.08% for US stock index and 0.15% for US bond index. Nothing else - but I don't care.@ Mamber.
I went with Utah's 529 plan because it's the most customizable, but Vegas was my second choice.
Either way, both of these options are better than PA.
-
- Posts: 60949
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
Retirement account limits will be raised in 2019. The new IRA limit is $6k (FINALLY some movement), with the new 401k/similar limit being $19k. More info here.
-
- Posts: 60949
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
Aaaand nearly all of 2018's stock markets gains have been wiped out. MTSMGA.
-
- Posts: 19775
- Joined: Wed Mar 25, 2015 7:33 pm
- Location: Iodine State
Investing, Stock Market and Retirement Planning Thread
So my Marcus savings account, recommended in this very thread, started at 1.85% when I opened the account a few months ago. It's now 2.05%.
I've made more interest in this account in two months than my other bank savings account in the last two or three years, at least.
I've made more interest in this account in two months than my other bank savings account in the last two or three years, at least.
-
- Posts: 60949
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
I’ve been with Marcus since before the rebrand from GS Bank. They’ve been keeping or setting pace with savings interest rates for quite some time now, raising them every few months. Their customer service is stellar, too.So my Marcus savings account, recommended in this very thread, started at 1.85% when I opened the account a few months ago. It's now 2.05%.
I've made more interest in this account in two months than my other bank savings account in the last two or three years, at least.
Investing, Stock Market and Retirement Planning Thread
I chuckled when I saw the title of this paper (on the program of the prestigious Miami Behavioral Finance Conference):
https://papers.ssrn.com/sol3/papers.cfm ... id=3049118What's Wrong with Pittsburgh? Investor Composition and Trade Frequency in US Cities
-
- Posts: 60949
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
Vanguard lowers minimums for Admiral shares of index funds (to $3k)
Competition is good.We’re lowering costs for more than 1 million current index fund investors and giving new investors one more reason to choose Vanguard. To do that, we’re dropping the minimum investment for Admiral™ Shares on 38 index funds.
Our Admiral Shares were previously available to investors with over $10,000 per fund. Now you’ll only need $3,000 to take advantage of the low expense ratios Admiral Shares offer. In turn, we’re eliminating higher-cost Investor Shares of those same index funds for individual investors.
See which index funds now offer $3,000 minimum investments for Admiral Shares
Investing, Stock Market and Retirement Planning Thread
But I will not feel as special anymore!!!!Vanguard lowers minimums for Admiral shares of index funds (to $3k)Competition is good.We’re lowering costs for more than 1 million current index fund investors and giving new investors one more reason to choose Vanguard. To do that, we’re dropping the minimum investment for Admiral™ Shares on 38 index funds.
Our Admiral Shares were previously available to investors with over $10,000 per fund. Now you’ll only need $3,000 to take advantage of the low expense ratios Admiral Shares offer. In turn, we’re eliminating higher-cost Investor Shares of those same index funds for individual investors.
See which index funds now offer $3,000 minimum investments for Admiral Shares
-
- Posts: 60949
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
No more nearly, now all of 2018's gains have been completely wiped out. Happy Wednesday!Aaaand nearly all of 2018's stock markets gains have been wiped out. MTSMGA.
-
- Posts: 60949
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
Merry ****’ Christmas!The Dow ended the day a dramatic 653 points lower at 21,792 in an abbreviated trading session ahead of the Christmas holiday. That's a decrease of 2.9 percent, adding to last week's fall of 6.8 percent.
"I do believe this was the worst Dec.24 in history," U.S. Global Investors head trader Michael Matousek told ABC News. "There hasn’t been a worse Christmas Eve since I started in the industry 22 years ago."
Last week was the index's worst in 10 years -- since the 2008 financial crisis. This month is currently on track to end as the worst December since the Great Depression.
Investing, Stock Market and Retirement Planning Thread
it recovered and some.
spoiler alert: The stock market is a long game.
spoiler alert: The stock market is a long game.
-
- Posts: 60949
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
Partially, and then tanked again this morning. Oddly enough, my Trump-loving family members all saw yesterday's bounce as a sign that the rest of the year's massive losses were just a fluke, somehow.it recovered and some.
Investing, Stock Market and Retirement Planning Thread
I opened up a 529 account for lil mac today. went with the Ohio plan, it seemed very highly rated and low fees. Appreciate the tax break, lil man
Investing, Stock Market and Retirement Planning Thread
Uhh you live in PA right?I opened up a 529 account for lil mac today. went with the Ohio plan, it seemed very highly rated and low fees. Appreciate the tax break, lil man
-
- Posts: 60949
- Joined: Sun Oct 04, 2015 2:00 pm
- Location: FUCΚ! Even in the future nothing works.
Investing, Stock Market and Retirement Planning Thread
PA's 529 plan is trash, and residents can open 529s from any state.
Investing, Stock Market and Retirement Planning Thread
You can enroll in a 529 from almost any jurisdiction. It pays to shop and compare as they're not all created equal.
Investing, Stock Market and Retirement Planning Thread
Yes but I'm pretty sure you only get the tax deduction if you contribute to a PA plan. Though I don't do much tax anymore so perhaps that changedPA's 529 plan is trash, and residents can open 529s from any state.
Who is online
Users browsing this forum: King Colby, skullman80 and 89 guests