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Re: Tax time! 403(b) or IRA

Right now I'm contributing the max to one of the 403(b)'s. I got those tax numbers by using the IRS withholding calculator but I don't feel it gives me the correct numbers since other things change to. I actually haven't found a calculator that I like yet and I've tried at least 5 or 10 online. Than...
by Stash
Fri Mar 14, 2014 7:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax time! 403(b) or IRA
Replies: 11
Views: 657

Re: Tax time! 403(b) or IRA

NorCalDad Thanks so much for that writeup - I truly appreciate it. Going with the scenario you laid out in order of those priorities, my tax bill would increase by about $5,000 if not double that. So if you were me, you would be ok with giving that much more money to the government so that you could...
by Stash
Fri Mar 14, 2014 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax time! 403(b) or IRA
Replies: 11
Views: 657

Re: Tax time! 403(b) or IRA

@dickenjb Yes I could still put $2,500 into two Roths if my budget allows it, which I think it will. My head keeps bouncing back and forth of the advantages and disadvantages of doing all Roth IRA rather than a deductible Traditional IRA. I feel like I could argue both ways, one side being better fo...
by Stash
Fri Mar 14, 2014 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tax time! 403(b) or IRA
Replies: 11
Views: 657

Tax time! 403(b) or IRA

My quick story: 30 Years old 27 Year old spouse Married filing jointly Combined Gross Income $125,000 403(b) (mine) - Principal LifeTime 2045 R1 Fund - 1.66% Expense Ratio - 1.5% company match 403(b) (spouse) - Tiaa-Cref - The Lifecycle Index 2050 Fund - .49% Expense Ratio - 0% company match Other f...
by Stash
Fri Mar 14, 2014 7:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax time! 403(b) or IRA
Replies: 11
Views: 657

Re: Should I be investing in stocks?

Thank you all for your replies. I'm obviously a beginner but I'm very willing and eager to learn. I plan on staying the course, investing in tax-advantaged accounts, and reading as much as I can get my hands on (and have time for). Perhaps I'll scratch that itch with some simulation stock sites, and...
by Stash
Sat Jan 04, 2014 4:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I be investing in stocks?
Replies: 15
Views: 1449

Re: Should I be investing in stocks?

Of course you can. What is stopping you? I max out my tax-advantaged space *and* contribute a significant amount to my taxable account at Vanguard. I own tons of stocks in both taxable and tax-advantaged. Are you referring to stock-picking (buying individual stocks)? Most Bogleheads avoid that. Yes...
by Stash
Sat Jan 04, 2014 9:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I be investing in stocks?
Replies: 15
Views: 1449

Re: Should I be investing in stocks?

1. What are you investing in within your retirement accounts? Aren't you purchasing shares of a stock mutual fund? 2. You are doing the right thing by maxing out your retirment accounts first. Earning more money and keeping your living standard the same will eventually allow you to invest in a taxa...
by Stash
Sat Jan 04, 2014 9:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I be investing in stocks?
Replies: 15
Views: 1449

Should I be investing in stocks?

Currently, I am doing my best to max out my retirement although that leaves me with absolutely no money to put into stocks. I have been following some of the markets for the past decade or so and I keep feeling like I'm missing out. Could have had Apple at $90, Google at X, Amazon at Y, and the list...
by Stash
Fri Jan 03, 2014 10:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I be investing in stocks?
Replies: 15
Views: 1449

Re: 403b Funds - Principal vs. TIAA-CREF

Sorry, I should have mentioned our match amounts. The Principal is matched at 2.5% and the TIAA-CREF is matched at 4.5%. My 403b is the Principal 2045 fund with a 1.66% fee. I do not work for a large company so we do not have many options. I'll have to dig deeper to see if I am able to reallocate th...
by Stash
Thu May 23, 2013 2:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b Funds - Principal vs. TIAA-CREF
Replies: 5
Views: 793

Re: New Retirement Plan

Thanks for all the replies. I posted my funds in a different thread since that was a bit more specific and I didn't want to overload this one. Here - http://www.bogleheads.org/forum/viewtopic.php?t=116822 It's not cold at all to say that about the 529s. Honestly, that is the answer that I was kind o...
by Stash
Thu May 23, 2013 2:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Retirement Plan
Replies: 7
Views: 606

403b Funds - Principal vs. TIAA-CREF

My wife and I each have a 403b, one through Principal and one through TIAA-CREF. I might only have enough to max out one of our 403b accounts. Which would be the better choice? Principal account options are here: https://dl.dropboxusercontent.com/u/338272/%7Etemp/principal.png TIAA-CREF account allo...
by Stash
Thu May 23, 2013 12:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b Funds - Principal vs. TIAA-CREF
Replies: 5
Views: 793

New Retirement Plan

I posted a few days ago and have already learned a ton from everyone here. Here is my new plan. Life: 30 years old, newly married, secure jobs Gross income about $115k/year Car paid off and renting with room mates YNAB shows our regular monthly expenses to be around $3k Debt: $8k student loan @ 1.6%...
by Stash
Thu May 23, 2013 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: New Retirement Plan
Replies: 7
Views: 606

Re: Retirement contribution

Peter Foley wrote:Saving 15% of income is the level often recommended.


Just to clarify, that would be 15% of Gross Income, correct?
by Stash
Wed May 22, 2013 9:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement contribution
Replies: 5
Views: 939

Re: Retirement distribution

Thank you both for your responses. It looks like I will have to possibly not max out my 401(k) and instead max out our Roth IRA's first, then put what we can into the 401(k). Once that hits max, then start a taxable account (my guess is a vanguard account). Thanks for mentioning tax brackets - I wil...
by Stash
Fri May 17, 2013 3:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement contribution
Replies: 5
Views: 939

Re: Mint

I use "Moneywell" on my Mac. It is a great tracking tool using the envelope budgeting method. The one advantage of Moneywell over YNAB is that it has the ability to directly download transactions from financial websites similar to quicken. I use mint.com as well for alerts etc. I was very...
by Stash
Fri May 17, 2013 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mint
Replies: 15
Views: 1647

Re: Mint

bungalow10 wrote:I use Yodlee (moneycenter.yodlee.com) to reconcile my YNAB.


I looked into Yodlee as a Mint alternative before I started using YNAB. How do you like it? Coming from someone that already uses a full fledged budgeting software, does it do anything that Mint doesn't do, or that it does better?
by Stash
Thu May 16, 2013 2:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mint
Replies: 15
Views: 1647

Re: Mint

I used to use it for budgeting until I started using YNAB, which is absolutely amazing for budgeting. Now I only use Mint to see all my accounts at a glimpse to reconcile YNAB, and also to make sure no random charges show up on any of my accounts. Very nice seeing all of your information in one plac...
by Stash
Thu May 16, 2013 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mint
Replies: 15
Views: 1647

Re: How do you keep all your important documents?

I scan all my paper documents and put the hard copy in a locked firesafe. The electronic documents that have very sensitive information on them are stored on a TrueCrypt volume that is backed up via DropBox. The Dropbox folder is shared with the wife so that we both have access to it in case of any ...
by Stash
Thu May 16, 2013 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you keep all your important documents?
Replies: 43
Views: 3739

Retirement contribution

Admittedly, I'm very new to this topic. Also, this is my first post, so hello everyone! :-) Here is my story: Married - both 30 with good jobs $90K income after taxes $1500 per month for rent and utilities $2500 for groceries, and other daily expenditures (this obviously needs to be cut down, but th...
by Stash
Thu May 16, 2013 6:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement contribution
Replies: 5
Views: 939

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