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Re: Maxed out 401k (no match) ... New job (6% match!) Option

Hi Target2030!

I already started the process of rolling over the money from Company's A crappy 401k plan to a roll-over IRA at Vanguard?

Would your suggestions still be applicable or did I just screw myself?

Thank you everyone for your time and comments! They are greatly appreciated.

Cancun
by Cancun
Mon May 12, 2014 4:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Maxed out 401k (no match) ... New job (6% match!) Options?
Replies: 13
Views: 1690

Maxed out 401k (no match) ... New job (6% match!) Options?

I searched previous posts and couldn't find any solutions. I did some due diligence before posting. I maxed out my 401k for the 2014 year at my former job ($17,500 by the end of February!) ... I quit that job and now have a new job. The new job has a 6% match !! Obviously, I regret maxing out my 40...
by Cancun
Sun May 11, 2014 4:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Maxed out 401k (no match) ... New job (6% match!) Options?
Replies: 13
Views: 1690

Re: Experiences with Eli Lilly Credit Union for HSA?

I was turned down! :annoyed They were nice during the sign up process but once I was rejected they treated me like I had leprosy. I jumped through every hoop they requested which seemed to revolve around identification. My drivers licence doesn't match my current address but it's been like that for ...
by Cancun
Mon Feb 24, 2014 11:13 am
 
Forum: Investing - Help with Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 15992

Re: $101,000 to 'play' with...what would you do?

Thank you for the links Emergdoc. I have been going through your site.
Thank for your valuable input Meg and Rob.

... What would you do?
by Cancun
Fri Feb 08, 2013 7:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: $101,000 to 'play' with...what would you do?
Replies: 36
Views: 2774

Re: $101,000 to 'play' with...what would you do?

Henry A said : "I believe being a federal student loan is one of the requirements. To my knowledge most other forms of student loans are not forgivable. Furthermore, you will most likely have to enroll in a plan that is based upon your income. Your 'minimum' payment may increase with a job rai...
by Cancun
Thu Feb 07, 2013 7:26 am
 
Forum: Investing - Help with Personal Investments
Topic: $101,000 to 'play' with...what would you do?
Replies: 36
Views: 2774

Re: $101,000 to 'play' with...what would you do?

>>> What is your earnings potential going forward? The same. 93k per year plus 1-2% inflation raise per year >>> How did you rack up so much debt? Post-post grad degree >>> How soon do you plan to retire? 20 years >>> I think there's a good argument to be made for making the minimum payment, as spe...
by Cancun
Wed Feb 06, 2013 10:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: $101,000 to 'play' with...what would you do?
Replies: 36
Views: 2774

Re: $101,000 to 'play' with...what would you do?

Hello henry A, No he is a tax attorney and a friend-of-a-friend. He has no financial stake in anything and I manage my own investments.
by Cancun
Wed Feb 06, 2013 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: $101,000 to 'play' with...what would you do?
Replies: 36
Views: 2774

Re: $101,000 to 'play' with...what would you do?

Thanks for responding HomerJ. I was looking at consolidating the ROTH and 401k account into bonds since I now have a large taxable account. I'm going to really look at this now. Thank you for posting! **** Thanks Karamatsu! **** Yes fcox, the forgiven amount is taxed as income...today. I'm no fortun...
by Cancun
Wed Feb 06, 2013 7:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: $101,000 to 'play' with...what would you do?
Replies: 36
Views: 2774

Re: $101,000 to 'play' with...what would you do?

Hi WHL. Sorry for any confusion regarding the loans and tax-deferred accounts. The loan balance remaining is $176,000 at 5.1%. The IBR and how it's calculated is based upon my AGI. It fluctuates with the current tax years AGI. My tax attorney said to pay the minimum. My 401k, ROTH, and HSA are mainl...
by Cancun
Wed Feb 06, 2013 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: $101,000 to 'play' with...what would you do?
Replies: 36
Views: 2774

$101,000 to 'play' with...what would you do?

First time poster here. The stats: - I'm 39 - I make $93,000 per year in secure career in Florida (No state sales tax) ... or $7,750 monthly gross / $6,045 monthly net ... or $72,540 yearly net . - My rent and ALL living expenses is $2,400 per month (including the student loan) ... or $28,800 per ye...
by Cancun
Wed Feb 06, 2013 6:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: $101,000 to 'play' with...what would you do?
Replies: 36
Views: 2774

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