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Will Pension rollover to 401k impact contribution limits?

Looking for guidance on which route I should take to rollover a 6,500 lump sum pension from a previous employer This is a qualified plan pension that is eligible for rollover penalty and tax free if I go the traditional 401k route. Two questions... Does it make more financial sense to go this route ...
by PhillyPhan
Mon Jul 21, 2014 9:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Will Pension rollover to 401k impact contribution limits?
Replies: 1
Views: 241

Do I have too much in my 401k / Roth ? 33 single Male

I wanted an opinion on whether or not I should continue to max out my 401k as I have aprox 70% of my total networth in Retirement accounts presently. Quick synopsis 33 Single Male , no kids, no debt , no mortgage , renter. 103k in 401k 20 k in Roth IRA 35 k in taxable vanguard 10k in I bonds "e...
by PhillyPhan
Sat Jul 05, 2014 5:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I have too much in my 401k / Roth ? 33 single Male
Replies: 7
Views: 1195

Re: Job Offer - Need help evaluating - determining next step

Commute will be around one hour door to door. There is also a rail system that I could use , that would add 15-20 mins, but help offset gas prices/wear and tear on my vehicle. I also know someone who works int the same business park and could possibly explore ridesharing. Telecomuting might be an op...
by PhillyPhan
Fri May 23, 2014 10:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Job Offer - Need help evaluating - determining next steps
Replies: 4
Views: 627

Job Offer - Need help evaluating - determining next steps

Morning, Thoughts feelings concerns on an offer I received yesterday. Current position MegaCorp 1 61K 5% 401k match 2% pension yearly accrual plus 4% guaranteed interest 4 Weeks Vacation Short Commute - 2 miles City Wage Tax 3.8% Not Bonus Eligible - Merit increases of 2-3% yearly Comfortable work e...
by PhillyPhan
Fri May 23, 2014 9:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Job Offer - Need help evaluating - determining next steps
Replies: 4
Views: 627

401k asset allocation guidance needed -

31 M , single , high risk tolerance , looking for guidance on a well diversified asset allocation for 401k. Current Aggregate Bond Index Fund - 1.5 % Large Cap Stock Index Fund - 47.5% Small-Mid Cap Stock Index Fund - 34.5% International ACWI-Ex-US Index Fund - 18.5% This current blend has returned ...
by PhillyPhan
Wed Feb 13, 2013 8:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k asset allocation guidance needed -
Replies: 2
Views: 593

Help me understand Dividends Tax implications for VTSAX

Thinking of starting a taxable account and purchasing 10-15k of VTSAX. Wondering about dividends and the tax implications, is this something I need to concern myself with each year or only during years where I sell the fund? Is it adventageous to buy in 2012 or wait for 2013? Any additional insight?...
by PhillyPhan
Mon Dec 17, 2012 4:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me understand Dividends Tax implications for VTSAX
Replies: 2
Views: 410

Re: 31 Maxing out Roth & 401k -extra cash available to inve

I understand that there is no risk to losing money however theoretically if the $ was kept in a savings account there would have been some interest earned that is not realized . Any input as to the forecast on the potential for deflation ?
by PhillyPhan
Wed Dec 12, 2012 3:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: 31 Maxing out Roth & 401k -extra cash available to invest?
Replies: 13
Views: 672

Re: 31 Maxing out Roth & 401k -extra cash available to inve

Thank you for the explanation , I think that is a good idea and I plan on moving 10K for 2012 and 10K for 2013. The only risk I see with this is if the semiannunal inflation rate drops to 0% and my bonds do not earn anything for 8 months of 2013.
Any thoughts on this?
by PhillyPhan
Wed Dec 12, 2012 3:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: 31 Maxing out Roth & 401k -extra cash available to invest?
Replies: 13
Views: 672

Re: 31 Maxing out Roth & 401k -extra cash available to inve

I see that the current I-Bond rate is not much higher than my ING interest rate however iBond rates are more than double your ING rate, and grow tax-deferred. If I were you I would pick up $10k in iBonds for 2012, then another $10k in January for 2013. This would serve as my emergency fund after th...
by PhillyPhan
Wed Dec 12, 2012 2:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: 31 Maxing out Roth & 401k -extra cash available to invest?
Replies: 13
Views: 672

Re: 31 Maxing out Roth & 401k -extra cash available to inve

1. I am signed up for my company HSA in 2013 , I am going to set aside 1,100 plus my company will contribute $500. The 2013 max is 3,250.00 , would contributing an addtional 2,150.00 be advantageous? 2. No debt , living below my means, educating myself on how to do this most in the most efficient ma...
by PhillyPhan
Wed Dec 12, 2012 2:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: 31 Maxing out Roth & 401k -extra cash available to invest?
Replies: 13
Views: 672

31 Maxing out Roth & 401k -extra cash available to invest?

I have a strategy in place for 2013 to contribute the maximum allowable contributions for 401k as well as Roth IRA. This will leave me with 45K in cash sitting in an ING savings account earning .75% interest. Also automatic payroll savings will bring in an additional 7,000.00 throughout the year to ...
by PhillyPhan
Wed Dec 12, 2012 2:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: 31 Maxing out Roth & 401k -extra cash available to invest?
Replies: 13
Views: 672

Re: How much should I devote to a taxable mutual fund accoun

Thank you for all of the feedback. I have a question regarding I Bonds. One poster mentioned the tax advantages of these , I am not sure I follow, how are these tax advantaged if they are subject to 25% tax rate ? Also , if I max my 401K and cease investing into a cash or taxable more fluid account ...
by PhillyPhan
Fri Nov 30, 2012 3:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much should I devote to a taxable mutual fund account?
Replies: 10
Views: 1315

How much should I devote to a taxable mutual fund account?

Current snap shot 31 - single , no children Income 59K Renter 401k- contribute 13% with a company match of 5% , Current balance - 47,000.00 - breakdown 50% US stock index , 15% international index , 30% smallmid cap index , 5% bond index , all mgmt fees waived and paid by my company on these index f...
by PhillyPhan
Thu Nov 29, 2012 11:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: How much should I devote to a taxable mutual fund account?
Replies: 10
Views: 1315

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