Bogleheads.org

New annual Contributions $5.5k Roth IRA (haven't started yet, this is planned) If you contribute before April 15th, I would say put in up to $5k for a 2012 Roth IRA, and then put in any more up to $5.5K in a 2013 Roth IRA. Before doing this, check that you actually earned at least that amount in 20...

Very humble too! I'm not out for any recognition of any sort. I really enjoy teaching people what I've learned, as long as they genuinely want to learn it. I also volunteer in emergency services (Fire/EMS), and I've been doing that for almost 6 years now. I love the field, and I will never stop doi...

Some excellent advice above. For a young buck like yourself, let me tell you what my thought process was concerning money and what to do with it, namely investing in productive assets, instead of depreciating assets. There's only one "you," and only twenty-four hours per day. But assets a...

So is Vanguard Target Retirement 2050 Fund (VFIFX) a good option for me to just invest 100% of the contributions to my Roth IRA in? It depends. Earlier you wrote you wanted an AA of 80% stocks, 20% bonds. If that is still the case then TR2050 is not the right fund. It currently has 90% stocks, 10% ...

robocop wrote:Refinance at PenFed!! If you want to keep it, at least get it down to 1.49% interest and save a bunch of money you were planning on paying to your current bank.

That would save me about $650 spread over 3 years. I'll look into it.

^Multiply the fund weigh in the portfolio by the expense ratio. The 3-fund portfolio I listed above was: -63.2% TSM, which has an ER of 6 bps (.632 * 6 bps = 3.792 bps) -26.9% TISM, which has an ER of 18 bps (.269 * 18 bps = 4.842 bps) -9.9% TBM, which has an ER of 10 bps (.099 * 10 bps = 0.99 bps)...

Hi Kevin, Welcome to the forum! You've made a great first step in simply realizing the importance of saving at 22. That alone puts you in the top decile of your peers in terms of financial outlook. The only thing I would add is you should revisit your reluctance to part with your car loan. Holding ...

-bps is the abbreviation for basis points. A basis point is 1/100th of 1%. For the Vanguard Target Date funds, the expense ratio is 0.18% or 18 basis points. That means you will pay $18 in fees for every $10,000 you hold in the fund. You won't cut a check to Vanguard or see any money taken out of y...

EternalOptimist wrote:Save and live below your means, by doing this you have the greatest control of your outcome

I'm way ahead of you there. I've always been that way, all my life. My net worth and bank account balance climbs every month. I don't like spending money.

-bps is the abbreviation for basis points. A basis point is 1/100th of 1%. For the Vanguard Target Date funds, the expense ratio is 0.18% or 18 basis points. That means you will pay $18 in fees for every $10,000 you hold in the fund. You won't cut a check to Vanguard or see any money taken out of y...

Yes, Target Retirement 2050 would be a great fund to put 100% of your Roth contributions in. I apologize if I caused any confusion in my earlier post. I recommend starting the Target Date Fund because of its simplicity and since you are just starting out. After a few years you will find that you ca...

You recommended above to use a 3 fund portfolio, but then here you say to use a Target Date Fund... now I'm confused. A Vanguard Target Retirement fund is a three-fund portfolio. See ( VTHRX ) Vanguard Target Retirement 2030 Fund (0.17%). Or you could use ( VASGX ) Vanguard LifeStrategy Growth Fund...

Kevin, congrats on the job and good luck in VA. 1. Since you're in a relatively low bracket, I definitely think the Roth IRA makes sense for you. Especially since you'll have a DB pension in retirement that will fill in at least some of the lower brackets, it'll be good for tax diversification to h...

Hi everyone, My name is Kevin. I'm 22, and currently live in NJ. I will be accepting a job and moving to VA within a month or 2. I will have an income of $36,200 for a year or so, then it goes up to about $40,800. After the first year, the job is stable, but I will still keep a 1 year EF because it ...