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Re: Buying for someone who "has everything"

Agree that experiences make great gifts. Mother's Day a few years ago - Took my parents and brother to a nice seafood restaurant in town. Seafood is my mom's favorite. Brought along a bottle of wine from a winery we visited on a family vacation a few years prior. She still talks about it. Father's D...
by 3CheersforLkyJack
Fri Apr 04, 2014 4:09 pm
 
Forum: Personal Consumer Issues
Topic: Buying for someone who "has everything"
Replies: 43
Views: 2308

Re: Buy Term Life Now or Wait

I already have LT disability provided by my employer for 60% of earnings.
by 3CheersforLkyJack
Thu Mar 27, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy Term Life Now or Wait
Replies: 17
Views: 1116

Buy Term Life Now or Wait

I'm 29 (turning 30 in April) and my wife is 28. We both work, have no children, have no debt, and are renters. We plan to start a family in the next year or two with a home purchase to follow. We currently have an emergency fund that will cover 1+ years of expenses. Should we get term life policies ...
by 3CheersforLkyJack
Wed Mar 26, 2014 1:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buy Term Life Now or Wait
Replies: 17
Views: 1116

Re: iPods and Radio?

Check out Amazon. There are a few portable AM/FM radios:

http://www.amazon.com/Sangean-DT-120-St ... able+radio
by 3CheersforLkyJack
Thu Dec 05, 2013 2:54 pm
 
Forum: Personal Consumer Issues
Topic: iPods and Radio?
Replies: 10
Views: 785

Re: cost basis -- when redeeming all shares

If you only had one initial contribution at purchase date, can't you just take in dollars your initial contribution, dividends reinvested, and capital gains reinvested, then subtract from the sales price to get the capital gain total to pay taxes on? Assuming this was held over a year, it would all ...
by 3CheersforLkyJack
Fri Oct 11, 2013 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: cost basis -- when redeeming all shares
Replies: 8
Views: 760

Re: Roth 401(k) to Roth IRA Question

I had the same situation, some Roth and some regular 401k at a previous employer. When I left, I rolled the Roth 401k portion directly into my existing Roth IRA. I also chose to convert the traditional 401k to the Roth IRA, but I believe it could have gone to Vanguard as Traditional IRA if I wanted....
by 3CheersforLkyJack
Tue Aug 13, 2013 1:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401(k) to Roth IRA Question
Replies: 3
Views: 251

Why Do So Many Talking Heads Recommend Roth 401k?

I listen to a few financial talking heads and many such as Clark Howard and Dave Ramsey really push people to the Roth 401k option. Why is this? It doesn't seem like they try to analyze a person's tax rate now versus in retirement to make the decision, but instead use the assumption that rates will ...
by 3CheersforLkyJack
Tue Aug 13, 2013 9:38 am
 
Forum: Investing - Theory, News & General
Topic: Why Do So Many Talking Heads Recommend Roth 401k?
Replies: 23
Views: 2049

Re: Best On Line Bank?

I just opened an account with GE Capital Bank. Online savings is .9% and 1 yr CDs are at 1.05%. I haven't heard a lot of people on here mention them though. Their website shows that they are FDIC insured. Do Bogleheads believe that they are a good option?
by 3CheersforLkyJack
Mon Aug 12, 2013 1:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best On Line Bank?
Replies: 31
Views: 4052

Re: At what age you guys started investing ?

I started iwith two investments in high school at 16 with my summer job earnings 1 - Roth IRA - Stock mutual fund 2 - Individual Stock - $300, company was supposed to be the next big thing in telecom industry, now worth $0.19. Whenever you start, keep it simple and don't try to pick the next big thi...
by 3CheersforLkyJack
Tue Aug 06, 2013 1:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: At what age you guys started investing ?
Replies: 61
Views: 3502

Re: Between Accounting and Engineering, better career?

I highly recommend accounting/auditing if someone is able to ultimately get a job as an auditor with one of the Big 4 firms. The amount of training/learning you get working as an auditor for 5-6 years is hard to beat. The math of accounting/auditing is not overly complex but there is quite a bit of...
by 3CheersforLkyJack
Tue Aug 06, 2013 1:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Between Accounting and Engineering, better career?
Replies: 67
Views: 9444

Re: Roth 401k vs Regular 401k when you have a pension

3Cheers, What I don't understand is what your tax rate has to do with whether you open the Roth or not, unless you plan to do it with a tax refund. If you have money at the end of the year, you have already paid taxes on it, so unless you are considering opening a traditional IRA where you could ge...
by 3CheersforLkyJack
Wed Jul 17, 2013 4:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 2605

Re: Roth 401k vs Regular 401k when you have a pension

If the Roth money is taxed above the 15% federal tax bracket that is a bit more aggressive than I would suggest but that is OK as long you understand it is aggressive at your age and you want plan that way. The top of the 15% tax bracket for married filing jointly is about $72K so with your deducti...
by 3CheersforLkyJack
Wed Jul 17, 2013 1:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 2605

Re: Roth 401k vs Regular 401k when you have a pension

If the Roth money is taxed above the 15% federal tax bracket that is a bit more aggressive than I would suggest but that is OK as long you understand it is aggressive at your age and you want plan that way. The top of the 15% tax bracket for married filing jointly is about $72K so with your deducti...
by 3CheersforLkyJack
Wed Jul 17, 2013 8:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 2605

Re: Roth 401k vs Regular 401k when you have a pension

After reading everything and more research, I'm thinking about the following action. 1. Change his future 401k contributions to traditional and continue to contribute 8% to get max employer 6% match. 2. Continue his maxing of Roth IRA. 3. Take all remaining retirement savings and put in her 403b as ...
by 3CheersforLkyJack
Tue Jul 16, 2013 1:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 2605

Re: Roth 401k vs Regular 401k when you have a pension

I think you meant to put to use a deductible instead of a Roth? The way I phrased it was not very clear. I would use the deductible accounts until I got my income down to the 15% tax bracket. Should we continue to max both Roth IRAs and then do traditional 401k/403b? Or do we switch the IRA contrib...
by 3CheersforLkyJack
Mon Jul 15, 2013 10:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 2605

Re: Roth 401k vs Regular 401k when you have a pension

Tax Rate: 25% Federal, 8.98% State ......Age: His – 29, Hers - 27 You are in a combined tax bracket of almost 34% so there is no way that I would even think twice about using a Roth instead of a deductible retirement account, at least until you got down to the 15% federal tax bracket. , I think you...
by 3CheersforLkyJack
Mon Jul 15, 2013 7:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 2605

Re: Roth 401k vs Regular 401k when you have a pension

My income number was combined so you are correct that it would take quite a bit of time to hit the 28% bracket. I think we will max the Roth IRAs, change the 401k contributions to be regular just enough to get the full employer match, then save the remainder in the 403b utilizing a 3 fund approach.
by 3CheersforLkyJack
Sun Jul 14, 2013 10:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 2605

Re: Help with Retirement/Savings Planning - Young Profession

Our main concern is question 1 about the Roth 401k vs Regular 401k.
by 3CheersforLkyJack
Fri Jul 12, 2013 8:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 2605

Roth 401k vs Regular 401k when you have a pension

Emergency funds: Yes Debt: None Tax Filing Status: Married Filing Jointly Tax Rate: 25% Federal, 8.98% State Age: His – 29, Hers - 27 Desired Asset allocation: 90% stocks /10% bonds Desired International allocation: 30% of stocks Non Retirement Taxable – Plan to use some/all for down payment on firs...
by 3CheersforLkyJack
Wed Jul 10, 2013 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth 401k vs Regular 401k when you have a pension
Replies: 30
Views: 2605

Re: Where to put home down payment saving

What about putting half of that in a short term bond fund like VFSTX and the other half in CDs or cash? Or would that to be too risky?
by 3CheersforLkyJack
Tue Mar 26, 2013 9:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Where to put home down payment saving
Replies: 8
Views: 820

Re: Where to put home down payment saving

All gains would be long term. My hope is to put down at least half of the total cost, if not more.
by 3CheersforLkyJack
Mon Mar 25, 2013 10:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put home down payment saving
Replies: 8
Views: 820

Where to put home down payment saving

I'm planning on purchasing my first home in about 2 years. Currently, I have a little over $125,000 in non-retirement equity mutual funds and plan to save approximately $2,000 more each month. How should I go about transferring that $125,000 to safer vehicles over the next two years so it is availab...
by 3CheersforLkyJack
Mon Mar 25, 2013 8:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Where to put home down payment saving
Replies: 8
Views: 820

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