William Housley

Comments:

• Julie, I also work with a nonprofit organization and have encountered many people who misunderstand what it means to "max out" contributions—I’m sure you’re familiar with the term, but I’ll explain it for others. Some staff I work with use “max out” to refer to reaching the maximum match the organization provides. For example, if the company matches 3% and they contribute 3%, they believe they’ve maxed out their contributions. In reality, they’ve only maxed out the match, not their total allowable contribution. For 2024, the maximum contribution limits for a 403(b) retirement plan are: 1. **Standard Employee Contribution**: $23,000 2. **Catch-Up Contribution** (for those aged 50 and over): An additional $7,500, making the total $30,500 for those eligible. 3. **Special 15-Year Rule**: Employees with 15 or more years of service can contribute an additional $3,000 per year, up to a lifetime maximum of $15,000, depending on specific conditions. Very few staff at our organization actually max out their full contribution. Always check with your plan administrator or a financial advisor for personalized guidance.

  Post: Q re Roth along with 403B

  Link to comment from September 17, 2024

• I am trying to understand Bond ETF’s, for example Vanguard’s BND. Can someone help me understand?

  Post: Giving Credit

  Link to comment from September 8, 2024

• Does your advice change if those dividend holdings are in a IRA?

  Post: Yielding No Advantage

  Link to comment from August 26, 2024

• **On Retirement: It's All About Your Attitude and Mindset** 1. Stay connected with your family. 2. Build new friendships. 3. Volunteer with your community or church. 4. Take hobby classes at your local community center. 5. Start your day early and dress as if you're going to work. 6. Plan your daily tasks, setting start and stop times for each. 7. Take naps when needed. 8. Exercise every day. 9. Consider a part-time job without focusing on pay or status. 10. Engage in conversations with young people as often as possible.

  Post: Everything About Retirement on a 3×5 card

  Link to comment from August 14, 2024

• It seems that the diversification question comes to mind when one thinks that VOO is just one investment. Should we not see that VOO as 500 investments?

  Post: Having Your VOO and Diversifying It Too by Steve Abramowitz

  Link to comment from August 14, 2024

• Mantra: “Don’t turn a temporary set back into a permanent loss”

  Post: Staying the Course by Jonathan Clements

  Link to comment from August 6, 2024

• I can see that.

  Post: A Case for First Class by Dan Smith

  Link to comment from July 22, 2024

• Well I am not sure what it means but it sounded smart. LOL 😂 Just joking

  Post: A Case for First Class by Dan Smith

  Link to comment from July 22, 2024

• I have never flown first class… Please can you give examples on how first class made this unusual even more tolerable. On an international flight the premium is upwards of $2000 or more. The average flight time to Europe is 8 hours from my time zone. That is $250 an hour. The mode flight time between cites in the USA is typically 1.5 to 2 hours. First class domestic upgrade is typically $500 and can be up to $1000. That is $250 to $333 per hour. To answer your question… It does not seem like a good value proposition. Cheers

  Post: A Case for First Class by Dan Smith

  Link to comment from July 22, 2024

• Yes it seems to me that there are a lot of similarities between the risk management when riding and flying. I had a VTX1800c for a while. I sold that too. Bill

  Post: A Painful Confession

  Link to comment from June 29, 2024