Search found 14 matches

by nsherman2006
Mon Jan 11, 2021 2:31 pm
Forum: Personal Investments
Topic: 32 y/o teacher checking in...early retirement possible?
Replies: 12
Views: 2292

Re: 32 y/o teacher checking in...early retirement possible?

Thanks all for the input! Definitely helps to throw a little cool water on the plan, but all of this info is very helpful! I've edited my original post to account for changes made. I've opened a 457 and set that to max, so I'm hoping that between the 457 and taxable (starting at $190k and contributi...
by nsherman2006
Fri Jan 08, 2021 2:28 pm
Forum: Personal Investments
Topic: 32 y/o teacher checking in...early retirement possible?
Replies: 12
Views: 2292

Re: 32 y/o teacher checking in...early retirement possible?

BashDash wrote: Fri Jan 08, 2021 2:17 pm Do you have access to a 457 plan.. believe it or not you can max that AND a 403b.
Welp....I feel like an idiot. I am eligible. Scratch the contributions to taxable accounts. I'm going to max out a 457 as well and adjust accordingly.

Thanks!
by nsherman2006
Fri Jan 08, 2021 2:12 pm
Forum: Personal Investments
Topic: 32 y/o teacher checking in...early retirement possible?
Replies: 12
Views: 2292

Re: 32 y/o teacher checking in...early retirement possible?

How much does your employer pay into medical insurance? My district pays about 18k and individuals pay another 4K-12k depending on your plan. Family? Kids? You have 75k in your 403b. If you max you’ll be assuming some crazy growth over the next 10 years. I'll have to look into insurance. I know I'm...
by nsherman2006
Fri Jan 08, 2021 2:05 pm
Forum: Personal Investments
Topic: 32 y/o teacher checking in...early retirement possible?
Replies: 12
Views: 2292

Re: 32 y/o teacher checking in...early retirement possible?

Seems like a heavy lift. As a CT teacher, you haven't been paying into Social Security. If you pay into Social Security for 30 years, your benefit won't be reduced by the Windfall Elimination Provision. Can you expand on what you mean when you say a heavy lift? I understand that my plan is aggressi...
by nsherman2006
Fri Jan 08, 2021 1:56 pm
Forum: Personal Investments
Topic: Investing Plan for Housing
Replies: 19
Views: 1109

Re: Investing Plan for Housing

I wanted to buy a condo so I can eventually pay it off and reduce my monthly expenses by a significant amount. I don't want to wait too long to do this as rent continually increases (my rent actually didn't increase this year due to covid but that is the outlier, not the norm.) My current rent is ~...
by nsherman2006
Fri Jan 08, 2021 1:31 pm
Forum: Personal Investments
Topic: 28 yo portfolio checkup
Replies: 7
Views: 556

Re: 28 yo portfolio checkup

Since you said down payment savings, I'm assuming a sizable part of that 133k is intended as a down payment on a house. If that's the case, I would think about what your asset allocation would look like after a purchase like that and decide if that's what you want. If not, you can start adjusting no...
by nsherman2006
Fri Jan 08, 2021 1:27 pm
Forum: Personal Investments
Topic: No Match 401K Question
Replies: 9
Views: 479

Re: No Match 401K Question

.79% seems outrageous to me. I would move the money unless you have high confidence that the match will return in the near-term.
by nsherman2006
Fri Jan 08, 2021 1:10 pm
Forum: Personal Investments
Topic: 32 y/o teacher checking in...early retirement possible?
Replies: 12
Views: 2292

32 y/o teacher checking in...early retirement possible?

Hello! I posted a portfolio for review 4 years ago and got some great advice, but am now motivated to move up my retirement age from 58 to 43, which requires some shifting of my investment strategies. I'm not sure I will retire if I'm able to at 43, but I want to have the option. I'm sure that if I ...
by nsherman2006
Sat Jun 17, 2017 8:33 am
Forum: Personal Investments
Topic: 28 y/o teacher looking for investment advice/critique
Replies: 9
Views: 2962

Re: 28 y/o teacher looking for investment advice/critique

Thanks for the time you have taken for those responses! I am going to take the time to read the links you provided. I don't remember my exact pension contribution, but it's around 10% for the first 10 years then drops by 3% after 10 years. I haven't yet gotten my first paycheck from the new job, and...
by nsherman2006
Fri Jun 16, 2017 12:36 pm
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 91
Views: 15095

Re: Worth it to buy expensive clothes?

Holy smokes...I went to the thrift store yesterday and got a pair of Polo pants, a pair of Polo shorts, a brand new pair of Greg Norman shorts, a Nike Dri-fit polo, and 2 button-down shirts (Brooks Brothers and J Crew). All are in excellent condition and fit well (I'm fortunate enough to be an off-t...
by nsherman2006
Fri Jun 16, 2017 11:28 am
Forum: Personal Investments
Topic: 28 y/o teacher looking for investment advice/critique
Replies: 9
Views: 2962

Re: 28 y/o teacher looking for investment advice/critique

1) Do others who are significantly exposed to the real estate market outside your investment portfolio avoid REIT? I like that there is significant non-correlation to the broader market (and still have 70% of my portfolio allocated to other equities), but if this is inadvisable, I will reconsider W...
by nsherman2006
Thu Jun 15, 2017 1:15 pm
Forum: Personal Investments
Topic: 28 y/o teacher looking for investment advice/critique
Replies: 9
Views: 2962

Re: 28 y/o teacher looking for investment advice/critique

You'll have the need for cars, maybe a relationship, vacations, maybe a child some day, vacations - shorter term goals that might be 5 - 10 years out where you would like to build investments to help finance what comes along. Also I forgot to address this last part in my reply. I currently have mor...
by nsherman2006
Thu Jun 15, 2017 1:10 pm
Forum: Personal Investments
Topic: 28 y/o teacher looking for investment advice/critique
Replies: 9
Views: 2962

Re: 28 y/o teacher looking for investment advice/critique

Thanks for the input! Just some high-point questions that stand out to me: 1) What percentage of 403(b) are Roth now? I am assuming none as you described the Rollover to Roth IRA when exiting existing employer. 2) Are you aware of the tax implications of Converting $24k from 403 to Roth in this tax ...
by nsherman2006
Wed Jun 14, 2017 1:01 pm
Forum: Personal Investments
Topic: 28 y/o teacher looking for investment advice/critique
Replies: 9
Views: 2962

28 y/o teacher looking for investment advice/critique

Hello, I am a 28 year old teacher finishing up my 6th year of teaching. I just transferred to a CT technical high school, so I am a state employee, but am continuing with the Teacher's Retirement Board plan. I'm in the midst of setting up my retirement accounts again and would like some general advi...