Search found 14 matches

by Ghosh_Bogled
Fri Mar 13, 2015 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Help sought with 401k fund choices
Replies: 5
Views: 335

Re: Help sought with 401k fund choices

Thank you for pointing that out, JW and your reply. I've updated the original post with the expense ratios.
by Ghosh_Bogled
Fri Mar 13, 2015 11:08 am
Forum: Investing - Help with Personal Investments
Topic: Help sought with 401k fund choices
Replies: 5
Views: 335

Help sought with 401k fund choices

Cash reserve: 50K Debt: None - just paid off mortgage Tax Filing Status: Married Filing Jointly Tax Bracket: 28% His Age: 37 Her Age: 37 Current Asset allocation in her 401k: 73% domestic stock / 13.5% foreign stock / 10% bonds / 3.5% short-term Current assets in her 401k: 120K (max out contribution...
by Ghosh_Bogled
Mon Jan 26, 2015 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Understanding rollover IRA
Replies: 9
Views: 497

Re: Understanding rollover IRA

kaneohe wrote:Can you roll your rollover back to your current retirement plan at work?


My spouse doesn't have a retirement plan at work yet.
by Ghosh_Bogled
Mon Jan 26, 2015 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Understanding rollover IRA
Replies: 9
Views: 497

Re: Understanding rollover IRA

Thank you, luckyduck and mnvalue! All this information has helped clarify the confusion I had about IRA contributions, and now I'm thinking maybe I should not have rolled over to an IRA at all :( For a married couple filing jointly, our household salary (before tax) is ~ 200k. We did not take advant...
by Ghosh_Bogled
Mon Jan 26, 2015 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Understanding rollover IRA
Replies: 9
Views: 497

Re: Understanding rollover IRA

Thank you for answering, Paul. There is no after-tax money in the rollover IRA as of now. All funds in the rollover IRA are from an erstwhile 401k which contained only pre-tax contributions. After the rollover, I have not contributed to the IRA at all. You are right about the source of my confusion....
by Ghosh_Bogled
Mon Jan 26, 2015 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Understanding rollover IRA
Replies: 9
Views: 497

Re: Understanding rollover IRA

It's a rollover IRA. I may have mixed up terminology here. It's not a Roth IRA for sure.

I was told by VG that future contributions could be set up automatically from a bank account to the rollover IRA...which would make these contributions already-taxed $.
by Ghosh_Bogled
Mon Jan 26, 2015 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Understanding rollover IRA
Replies: 9
Views: 497

Understanding rollover IRA

Hello, A few days back, a kind forum user (Alan S) helped me answer a question I had about rollover IRA. I have a follow-up question please, if you won't mind. I don't understand how it is OK to commingle funds from a 401k (pre-tax contributions) and a rollover IRA (post-tax contributions). When rol...
by Ghosh_Bogled
Fri Jan 23, 2015 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA - keep or not?
Replies: 4
Views: 371

Re: Rollover IRA - keep or not?

One last question, Alan - you have been VERY helpful, thank you. I don't understand how it's OK to mix IRA post-tax contributions with existing pre-tax dollars in 401k. In the remote possibility that we have to cash out/take a distribution from the IRA before age 59.5, wouldn't the entire amount in ...
by Ghosh_Bogled
Thu Jan 22, 2015 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA - keep or not?
Replies: 4
Views: 371

Re: Rollover IRA - keep or not?

Thank you for replying, Alan. I doubt we will be in a higher tax bracket at retirement....so I might continue with the TIRA for now. My concern is this: I contribute till the maximum amount to my 401k. The rollover IRA belongs to my spouse - other than that, he does not hold any other 401k/IRA etc. ...
by Ghosh_Bogled
Thu Jan 22, 2015 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Rollover IRA - keep or not?
Replies: 4
Views: 371

Rollover IRA - keep or not?

Hello, I have an IRA created last year, by rolling over from a 401k. No additional contributions were made after the rollover. It has only about 55K in it - we are in the 28% marginal tax rate bracket. Should I bite the bullet and convert to a Roth IRA now, before making post-tax contributions to ex...
by Ghosh_Bogled
Sat Dec 22, 2012 4:11 pm
Forum: Investing - Help with Personal Investments
Topic: How are we doing at 35?
Replies: 27
Views: 3774

Re: How are we doing at 35?

Marginal tax rate: 25%. Thanks for the link and explanation. I am learning slowly.
by Ghosh_Bogled
Sat Dec 22, 2012 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: How are we doing at 35?
Replies: 27
Views: 3774

Re: How are we doing at 35?

Thanks for explaining the IPS in simple terms. I can work along those lines. As for the taxable Vanguard account, I labeled it 'hers' for no particular reason. I started the Vanguard account because I got tired of waiting for my husband to take an interest in family finance, and we were basically st...
by Ghosh_Bogled
Sat Dec 22, 2012 11:55 am
Forum: Investing - Help with Personal Investments
Topic: How are we doing at 35?
Replies: 27
Views: 3774

Re: How are we doing at 35?

Thanks everyone, for the feedback. From what I see, this is what I need to do for now :- 1. Create an IPS (this seems daunting) 2. Max out my and his 401ks 3. Create Roth IRAs for the 2 of us The reason we have that much in cash reserves is because we were saving up for a down payment. Put down 100k...
by Ghosh_Bogled
Thu Dec 20, 2012 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: How are we doing at 35?
Replies: 27
Views: 3774

How are we doing at 35?

Cash reserve: 80K (40k in online ING Direct account, accumulating interest @ 0.75%) -- too much, I realize but we are diffident investors Debt: Mortgage (Financed 187000 @ 3.25% fixed rate for 15 yrs; 173K left to pay off; begun mortgage payments June 2012; targeting 13 mortgage payments in 12 month...

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