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Re: New To BogleHeads, Young Professional

I meet with an estate planner soon. I don't know the first thing about trusts, etc. Watch out for this, if they start to try to sell you any sort of annunity or life insurance for "estate planning" then run because they are not working in your best interest. Getting wills and the related ...
by StrangerDanger
Tue Jan 29, 2013 1:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: New To BogleHeads, Young Professional
Replies: 16
Views: 1473

Re: New To BogleHeads, Young Professional

All said, I will put 45k into pre-tax funds and roth this year, and after taxes, save close to 10k a month in cash. StrangerDanger I am trying to find avenues to increase my Pre-Tax saving money. You will manage to sock away 45K in pre-tax funds this year? how? My -Pre Tax saving is as follows adds...
by StrangerDanger
Tue Jan 29, 2013 12:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: New To BogleHeads, Young Professional
Replies: 16
Views: 1473

Re: New To BogleHeads, Young Professional

supertreat wrote:Are you sure you qualify for a ROTH? I think 2013 income limit for filing jointly is 188k.


Back door Roth. No income limit.
by StrangerDanger
Tue Jan 29, 2013 12:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: New To BogleHeads, Young Professional
Replies: 16
Views: 1473

Re: New To BogleHeads, Young Professional

I meet with an estate planner soon. I don't know the first thing about trusts, etc. Should I get a professional, low-cost wealth manager as well? My income should continue to rise for a while, but nothing is guaranteed. I already have all the disability, health, life, umbrella insurances I need. Th...
by StrangerDanger
Sat Jan 26, 2013 5:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: New To BogleHeads, Young Professional
Replies: 16
Views: 1473

Re: New To BogleHeads, Young Professional

Thanks for the response. If not 100% equities, what ratio of asset allocation do you recommend? I appreciate the real estate advice. I've been told estate planning is key for folks who have a high potential net worth who need to protect their assets from lawsuits, and pass them down to kids. No? Tha...
by StrangerDanger
Sat Jan 26, 2013 5:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: New To BogleHeads, Young Professional
Replies: 16
Views: 1473

Re: New To BogleHeads, Young Professional

Your ahead of where I was at your age, and I still managed to retire at 60. So your not really in need of catching up. You should read either the early Larry Swedroe or William Bernstein books which may be in the library in your town. Look for the ones published in the first 5 years of the last dec...
by StrangerDanger
Sat Jan 26, 2013 5:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: New To BogleHeads, Young Professional
Replies: 16
Views: 1473

Re: New To BogleHeads, Young Professional

I meet with an estate planner soon. I don't know the first thing about trusts, etc. Should I get a professional, low-cost wealth manager as well? My income should continue to rise for a while, but nothing is guaranteed. I already have all the disability, health, life, umbrella insurances I need. Tha...
by StrangerDanger
Sat Jan 26, 2013 1:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: New To BogleHeads, Young Professional
Replies: 16
Views: 1473

New To BogleHeads, Young Professional

I'm a 32 year old young professional in need of some advice. Due to schooling, I didn't save much during my younger years. I currently have 120k in pre-tax retirement funds and roth IRA, at 100% equities, over domestic/intl/large/mid/small cap low cost index funds. I have 150k cash on hand, and will...
by StrangerDanger
Sat Jan 26, 2013 12:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: New To BogleHeads, Young Professional
Replies: 16
Views: 1473

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