Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Homeschooling
Old 12-22-2006, 08:24 AM   #1
Recycles dryer sheets
LeatherneckPA's Avatar
 
Join Date: Dec 2006
Location: Williamsport
Posts: 489
Homeschooling

I hope this is the right area, still pretty new to this board.

Nope, HS is not off-topic for ER. What I'm talking about is learning to take responsibility for investing my own 401k when I leave the Feds. I really don't want to leave it invested in their TSP. After all, they've done such a "marvelous" job managing the SS system.

So I'm looking for some BASIC online enducation. Like, for instance, the difference between no-load, front-load, end-load; or managed, life-cycle, and a whole slew of other terms thrown around here and Kiplinger's and Motley Fool with wild abandon as if they were terms embedded in the genetic memory of all and we just need to dig deep enough to find the meaning.

Up to this point I've been LUCKY! I got a good government job and kept it. I maxxed out my TSP savings and contributions. But in 20 months I have to find something else to do with that money. I would prefer to have SOME clue what the heck I am doing and why.

I've always been good at reading and retention. My family has always said, "If Mike can read it, he can do it." So I'm looking for recommended sites with good introductory level info, preferably not from self-serving, commissioned individual who wants me to invest in his kid's college education or his Maui beach house.
__________________

__________________
"Iron" Mike - Semper Fi
Jack of all trades; Master of none.
LeatherneckPA is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Homeschooling
Old 12-22-2006, 08:42 AM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,078
Re: Homeschooling

Mike, you posted in the right place. I'd recommend you take a look at this: http://investingessentials.blogspot.com/

__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Homeschooling
Old 12-22-2006, 08:50 AM   #3
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,078
Re: Homeschooling

Two more good resources for investment basics:

www.moneychimp.com
www.investopedia.com

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Homeschooling
Old 12-22-2006, 09:06 AM   #4
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,078
Re: Homeschooling

...and depending on whether or not you like the format, http://www.morningstar.com/Cover/Classroom.html

OK. I'll stop now.

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Homeschooling
Old 12-22-2006, 09:27 AM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,638
Re: Homeschooling

Mike:

You will learn that a lot of people around here invest through a diversified set of index funds. One of the things they all look for are low expenses. For that the TSP shines. It has incredibly low expenses and a reasonable selection of index type funds and target retirement (aset allocation) funds. In fact I am considering rolling an old traditional IRA INTO the TSP. As for social security the problems do not result from the Federal bureaucracy mis-administering it. The problems result from the underlying structure - set by law.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Re: Homeschooling
Old 12-22-2006, 10:03 AM   #6
Thinks s/he gets paid by the post
 
Join Date: Jul 2003
Location: Pasadena CA
Posts: 2,695
Re: Homeschooling

Don't jump out of the TSP without being sure exactly where you want your money. I have transferred old IRA money into the TSP because it is a great, simple system. It can be a good core holding if you want to expand by adding assets not in the TSP like REITs, commodities and various sector funds. I expect to retire in the next 3 to 9 months and expect to transfer some TSP money into a Vanguard IRA so I can add some asset classes but I will hold some funds in the TSP as the G Fund will be my major bond fund. And you could do worse than just holding the Lifecycle Fund and then just go play.
__________________
T.S. Eliot:
Old men ought to be explorers
yakers is offline   Reply With Quote
Re: Homeschooling
Old 12-22-2006, 11:33 AM   #7
Thinks s/he gets paid by the post
grumpy's Avatar
 
Join Date: Jul 2004
Posts: 1,321
Re: Homeschooling

I agree with Yakers. For the fixed income portion of your overall allocation you will be hard pressed to find anything comparable to the G-Fund outside of TSP. After I retired I move all of my TSP $'s into the G-Fund. Along with a modest amount in I-bonds that is my entire fixed income allocation. The G-fund expense ratio is tiny and the yield is similar to the highest CD rates.

Grumpy
__________________
...you can check out any time you like, but you can never leave...
grumpy is offline   Reply With Quote
Re: Homeschooling
Old 12-22-2006, 03:36 PM   #8
Recycles dryer sheets
 
Join Date: Nov 2004
Posts: 283
Re: Homeschooling

As another retired Fed, I'll agree with DonHeff, Yakers and Grumpy on the TSP... It is a really great set of funds with extremely low costs. With my pension I feel that the G fund is great but that I can get a little risky... so I am 90% in the I fund/ 10% in S.

Good luck on the homeschooling and update us on your progress.

JohnP
__________________
Dad's Dream; to have enough money someday to live the kind of life my wife and kids do...
Life is what happens while you are making other plans... John Lennon...
the more you look, the more you see...
JohnP is offline   Reply With Quote
Re: Homeschooling
Old 12-22-2006, 04:38 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,947
Re: Homeschooling

I agree with all the others that advise sticking with TSP to whatever extent it meets your needs. You have the right idea to get schooled regarding the technicalities of investing. As you will see index funds are highly regarded by many as a "core" holding. The expenses charged by TSP blow everyone else out of the water........they are about .005 vs. .018 for Vanguard which is the standard for low expense index funds (S&P 500). Also rest assured that the TSP program is outsourced, so until they establish a TSP Administration, I don't think the comparison to management of the SSA should be a concern! I am somewhat new to TSP as spouse is recent Fed employee and I gotta say I am impressed with the program so far.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Re: Homeschooling
Old 12-22-2006, 04:45 PM   #10
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Location: North of Montana
Posts: 2,753
Re: Homeschooling

For your basic HS, look at the links at this site: http://www.financialwebring.com/

It's geared toward Canadians, but the basic definitions & principles are the same. One link not to miss is this: http://www.shakesprimer.com/
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Re: Homeschooling
Old 12-22-2006, 06:06 PM   #11
Moderator Emeritus
Khan's Avatar
 
Join Date: Aug 2006
Location: Pine Island, Florida
Posts: 6,868
Send a message via AIM to Khan
Re: Homeschooling

Quote:
Originally Posted by jazz4cash
I agree with all the others that advise sticking with TSP to whatever extent it meets your needs. You have the right idea to get schooled regarding the technicalities of investing. As you will see index funds are highly regarded by many as a "core" holding. The expenses charged by TSP blow everyone else out of the water........they are about .005 vs. .018 for Vanguard which is the standard for low expense index funds (S&P 500). Also rest assured that the TSP program is outsourced, so until they establish a TSP Administration, I don't think the comparison to management of the SSA should be a concern! I am somewhat new to TSP as spouse is recent Fed employee and I gotta say I am impressed with the program so far.
Just a reminder, Senators and House members are included in the TSP.
__________________

__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
Khan is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
ER WITH KIDS?? billystu Life after FIRE 30 12-13-2004 03:33 PM

 

 
All times are GMT -6. The time now is 11:55 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.