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Re: Physician(s) changing Jobs - Advice

This forum might be helpful in terms of financial advice for your situation, but you seem to be looking for more than that. It might be worthwhile to go here: http://forums.studentdoctor.net/forumdisplay.php?f=35

Find your specialty and post in that subforum. Good luck!
by medstudent12
Sat Aug 10, 2013 12:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Physician(s) changing Jobs - Advice
Replies: 20
Views: 2513

Re: investing 100k with Fidelity--12mo horizon

Open up an online savings account at something like Ally bank - FDIC insured, 0.84%.
by medstudent12
Sat Aug 10, 2013 12:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: investing 100k with Fidelity--12mo horizon
Replies: 12
Views: 1328

Re: Roth IRA allocations

First, welcome to the forum. If you haven't already, you mind find this link interesting: Getting Started There is a lot of info in those pages, so I suggest you sit down and do some reading. You might consider buying a good book (such as The Boglehead's Guide to Investing) to start your education a...
by medstudent12
Thu Jul 18, 2013 10:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA allocations
Replies: 3
Views: 373

Re: Roth IRA For 20 Yr old Son

+1 for The Boglehead's Guide to Investing. Easy to read, covers everything they really need to know at this point. It's very generous of you to be doing this for your daughter. Hopefully she will appreciate it, and will be inspired to take the next step to handle this on her own. That being said, if...
by medstudent12
Thu Jul 18, 2013 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA For 20 Yr old Son
Replies: 17
Views: 903

Re: Help me with my Dad's Retirement Portfolio

Thanks everyone for your help!
by medstudent12
Wed Jul 17, 2013 8:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me with my Dad's Retirement Portfolio
Replies: 24
Views: 1851

Re: Help me with my Dad's Retirement Portfolio

Hmm....we'll have to discuss that further. Any more votes for/against counting an essentially guaranteed pension as part of his AA?
by medstudent12
Tue Jul 16, 2013 3:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me with my Dad's Retirement Portfolio
Replies: 24
Views: 1851

Re: Help me with my Dad's Retirement Portfolio

medstudent12 , I think your father should ignore the pension for AA purposes. He has no control over it now . He cannot use it for rebalancing now . Later, when he begins to take it he can reconsider.* Even though right now bonds have a bit of a bad rep because of low returns they aren't just about...
by medstudent12
Tue Jul 16, 2013 11:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me with my Dad's Retirement Portfolio
Replies: 24
Views: 1851

Re: Investment Policy Statement for review and critique

Well done. I would consider addressing asset placement (i.e. which funds would you prioritize for taxable accounts, which for tax-advantaged accounts - can read more here ) and perhaps adding in a requisite time period for any changes you want to make, such as three months to think it over and make ...
by medstudent12
Mon Jul 15, 2013 4:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investment Policy Statement for review and critique
Replies: 5
Views: 358

Re: Help me with my Dad's Retirement Portfolio

Questions: 1. My first recommendation, for the sake of simplicity and to take advantage of the low ER via his company, was to simply move his current funds into the TR 2055 fund (again, using his pension as a substitute for his fixed-income portion of his portfolio). The problem here is that the TR...
by medstudent12
Mon Jul 15, 2013 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me with my Dad's Retirement Portfolio
Replies: 24
Views: 1851

Re: Help me with my Dad's Retirement Portfolio

Bob's not my name wrote:I leave that to the experts here :)


Thanks for your help!
by medstudent12
Mon Jul 15, 2013 12:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me with my Dad's Retirement Portfolio
Replies: 24
Views: 1851

Re: Help me with my Dad's Retirement Portfolio

Last year's numbers aren't relevant. It's too late for a 2012 Roth contribution. If his gross isn't going to come close to $200,000 he'll be fine, and in any case he can just wait until tax time to confirm that and then make his 2013 contributions. Example: $199,000 gross income - $17,500 401k cont...
by medstudent12
Mon Jul 15, 2013 11:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me with my Dad's Retirement Portfolio
Replies: 24
Views: 1851

Re: Help me with my Dad's Retirement Portfolio

Why back door? He's eligible for direct Roth IRA contributions. She's eligible for a deductible spousal TIRA or a direct Roth IRA. His gross income would have to be close to $200,000 for the phaseouts to be a problem. Well, we'll have to run the exact numbers. We just started talking about it. But ...
by medstudent12
Mon Jul 15, 2013 10:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me with my Dad's Retirement Portfolio
Replies: 24
Views: 1851

Re: Help me with my Dad's Retirement Portfolio

Tax Filing Status: MFJ You imply by omission there are no IRAs for him or spouse, and indicate he is making after-tax contributions to the 401k. Putting that money into his and spouse Roth IRAs would be a much superior investment. Some mix of Roth and pre-tax funds is very good to have. JW You are ...
by medstudent12
Mon Jul 15, 2013 10:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me with my Dad's Retirement Portfolio
Replies: 24
Views: 1851

Re: Help me with my Dad's Retirement Portfolio

I think that would be an after-tax 401k, not Roth. After-tax contributions, if allowed and if the employer allows in-service rollovers to a Roth IRA, are great, but I'm not an expert on them. I still don't think he'd be in the 28% bracket at $170,000-$180,000 gross income, but maybe at $190,000 gro...
by medstudent12
Mon Jul 15, 2013 10:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me with my Dad's Retirement Portfolio
Replies: 24
Views: 1851

Re: Help me with my Dad's Retirement Portfolio

1. My first recommendation, for the sake of simplicity and to take advantage of the low ER via his company, was to simply move his current funds into the TR 2055 fund (again, using his pension as a substitute for his fixed-income portion of his portfolio). The problem here is that the TR fund does ...
by medstudent12
Mon Jul 15, 2013 9:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me with my Dad's Retirement Portfolio
Replies: 24
Views: 1851

Re: Help me with my Dad's Retirement Portfolio

Tax Rate: 28% Federal, 0% State Age: 46 Company match? Yes, 5% New annual Contributions $19800 to 401k plus $8100 employer match for $27900 total. Problems with the math: His 401k contribution limit is $17,500. $8100/5% = $162,000. That would put his taxable income under $120,000, well below the 28...
by medstudent12
Mon Jul 15, 2013 9:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Help me with my Dad's Retirement Portfolio
Replies: 24
Views: 1851

Help me with my Dad's Retirement Portfolio

Hello all, So my dad and I were discussing investing, and I brought up some Boglehead elements of investing that he demonstrated some interest in. He has done some research on his own, and I have recommended that he read The Boglehead’s Guide to Investing and the Investor’s Manifesto to start. In th...
by medstudent12
Sun Jul 14, 2013 11:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help me with my Dad's Retirement Portfolio
Replies: 24
Views: 1851

Re: Why Shouldn't I Buy McDonalds Or Coke?

As a young investor it just occurred to me that if I plan on holding my stocks for some time why shouldn't I invest my money in some stocks like Coca - Cola or McDonalds? Is this a no brainer? IS there any foreseeable downside to investing in these massive companies that are main stays in our world...
by medstudent12
Wed Jun 26, 2013 2:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why Shouldn't I Buy McDonalds Or Coke?
Replies: 31
Views: 2466

Re: Help w/sudden 50k

Welcome to the forum! You might find this resource helpful: Getting Started Hopefully some more experienced members will be along, but in the meantime... The typical recommendation for most portfolios is to have a portion allocated to equities and a portion to bonds, or at least some type of fixed-i...
by medstudent12
Sat Jun 22, 2013 1:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/sudden 50k
Replies: 8
Views: 752

Re: Should I Sell my Bonds?

Keep in mind that a truly diversified portfolio will likely have at least one poorly performing component at any given time. That's a good thing. Also, for a long-term investor, day-to-day news should generally not affect your predetermined, well-thought out investment plan.
by medstudent12
Wed Jun 19, 2013 5:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I Sell my Bonds?
Replies: 19
Views: 2036

Re: Portfolio Review and Reorganization

Re backdoor Roth, I have seen several postings in this forum where this has been suggested but I never fully grasped the concept (saw the bogleheads wiki on backdoor Roth too). Does it make sense in our situation? As mentioned before, our current single income limit allows Roth contribution. At thi...
by medstudent12
Wed Jun 12, 2013 5:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Reorganization
Replies: 12
Views: 1575

Re: How to invest $100,000

Read this: viewtopic.php?f=1&t=6212

If you post the information asked for in that sticky, you might get some replies.
by medstudent12
Wed Jun 12, 2013 2:12 am
 
Forum: Investing - Help with Personal Investments
Topic: How to invest $100,000
Replies: 3
Views: 1056

Re: Portfolio Review and Reorganization

If you're fine with the funds at Schwab, you can leave your accounts there. Otherwise, you can move them to Vanguard. I would definitely looking into trying to merge some of your accounts - if you can combine her old 403b into her 401k, that would be helpful. Same if you could roll over your old 401...
by medstudent12
Tue Jun 11, 2013 10:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review and Reorganization
Replies: 12
Views: 1575

Re: How to achieve 3 fund portfolio using the following fund

Looking more at the VHDYX fund, it doesn't seem all that bad. It is more of a large value fund, rather than a large blend fund (like Total Stock Market), but it will do given the limitations inherent in your options. You can compare each fund's holding style using Morningstar - just enter in the tic...
by medstudent12
Tue Jun 11, 2013 10:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to achieve 3 fund portfolio using the following funds
Replies: 20
Views: 1464

Re: How to achieve 3 fund portfolio using the following fund

There probably won't be a way to approximate the entire market using only three funds from the ones you listed (barring the use of one of the target date funds, perhaps...). You'll end up missing a chunk of the market. That said, you could use something like the following: Equities: American Funds A...
by medstudent12
Tue Jun 11, 2013 9:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to achieve 3 fund portfolio using the following funds
Replies: 20
Views: 1464

Re: Figuring It All Out (Convert 401k to TIRA??)

Welcome to the forum! Hopefully some more experienced members will be along, but in the meantime, here are my proverbial $0.02: First, your desired bond allocation is just a bit low compared to what is traditionally recommended on this forum. If you have a good reason for this, then that's fine, but...
by medstudent12
Tue Jun 11, 2013 7:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Figuring It All Out (Convert 401k to TIRA??)
Replies: 14
Views: 752

Re: helping brother with investment

I think the first thing he needs to do is figure out what his goals are with this cash. That might be "I want to buy a car in 3 years" or "I want to make a downpayment on a house in 5 years." He might even consider contributing some of this to his retirement funds, if he wants to...
by medstudent12
Mon Jun 10, 2013 12:19 am
 
Forum: Investing - Help with Personal Investments
Topic: helping brother with investment
Replies: 4
Views: 751

Re: Asset Allocation Four Years Later

Hopefully some of the more senior members will come along, but in the meantime, here are some of my initial thoughts: First, the initial recommendation by the planner doesn't seem terrible. Second, your new AA isn't necessarily bad either, though I think most on here would recommend having at least ...
by medstudent12
Sun Jun 09, 2013 1:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Four Years Later
Replies: 6
Views: 1074

Re: Vanguard mixup with purchasing mutual funds

ogd wrote:Can you imagine the poor computer, trying to decide what to do with this extra 135k that I could swear wasn't there a moment ago...


:D
by medstudent12
Tue Jun 04, 2013 7:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard mixup with purchasing mutual funds
Replies: 16
Views: 1480

Re: 401k conundrum...

Both excellent funds, either would be an improvement in many 401ks. I think I would favor Vanguard FTSE All-World ex-US Index Fund Admiral (VFWAX), on the basis of lower expense ratio (0.15% vs 0.64%) and broader diversification (2,355 stocks vs 87). This. Performance can and should be looked at wh...
by medstudent12
Tue Jun 04, 2013 7:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401k conundrum...
Replies: 6
Views: 599

Re: Just getting started - IPS Review

You sound inspired! Way to go thinking about this stuff so early. :) My only suggestion is to take this impressive document and file it away for future reference. Then draft a somewhat simpler one that takes into account your current reality. You are an unemployed student. Projections about how you...
by medstudent12
Tue Jun 04, 2013 7:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just getting started - IPS Review
Replies: 6
Views: 528

Re: Opinions on recent Boglehead convert portfolio

Perhaps you might consider gifting to your in-laws one of the books you have been reading.
by medstudent12
Tue Jun 04, 2013 7:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Opinions on recent Boglehead convert portfolio
Replies: 16
Views: 1095

Re: Just getting started - IPS Review

Bogle101 wrote:21 and married and med school. You make me feel like such a slacker and in a state of arrested development


Haha, I doubt that is the case. And if it's any consolation, I won't be earning any significant income for the better part of the next decade. :(
by medstudent12
Tue Jun 04, 2013 6:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just getting started - IPS Review
Replies: 6
Views: 528

Re: Just getting started - IPS Review

Thanks for taking the time to read through that! I just wanted to be sure that I didn't have any red flags/holes somewhere that I missed. :happy
by medstudent12
Tue Jun 04, 2013 2:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just getting started - IPS Review
Replies: 6
Views: 528

Just getting started - IPS Review

I'm married, 21, and about to start medical school. Just getting started and having a good time learning as much as can before school starts soon - just created an IPS and would greatly appreciate any words of wisdom you all might have to offer. I just pasted this in from a word document, so the for...
by medstudent12
Mon Jun 03, 2013 8:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just getting started - IPS Review
Replies: 6
Views: 528

Re: Help with My Grandparents' Retirement

Thanks to all for great advice! The buyer called back and apparently would like to instead try to negotiate a lower rate - probably from 7% down to 5%. Most likely, this may be their best option. That said, thinking through this has been a great thought exercise for me in terms of thinking through s...
by medstudent12
Mon Jun 03, 2013 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with My Grandparents' Retirement
Replies: 4
Views: 766

Help with My Grandparents' Retirement

My grandparents have been retired now for a few years (my grandfather is 72, and my grandmother is 69). They have not really saved for retirement at all, but thankfully have had a few blessings in their later years - first, they are able to collect about $3000/month from SS. Second, they get about $...
by medstudent12
Mon Jun 03, 2013 12:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with My Grandparents' Retirement
Replies: 4
Views: 766

Re: 401(k) with high ERs. Options?

Depending on your combined income, you might be eligible for a deductible traditional IRA. So you could contribute enough to get the full match to her 401k, and the rest into a tIRA (or backdoor Roth, if you're not eligible and still don't want to use the 401k) that you could open at the institution...
by medstudent12
Wed May 29, 2013 3:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: 401(k) with high ERs. Options?
Replies: 2
Views: 187

Re: Should I switch from Fidelity to Vanguard?

First off, I'm fairly new at this myself, so take everything I say with a grain of salt, and hopefully others chime in. You seem to be contributing to both a 40k1 and a Roth IRA - I'm assuming the holdings you listed in your OP represent both of those accounts? And are they both at Fidelity? A reaso...
by medstudent12
Wed May 29, 2013 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I switch from Fidelity to Vanguard?
Replies: 13
Views: 1141

Re: Portfolio Review before Medical School

@ Laura: Thanks for your candid advice. I'll continue with the Roth IRA transfer from Primerica to the Vanguard TR fund, and when my wife quits her current job will bring her 401k into at least a traditional IRA at Vanguard. I'm thinking it might be best to wait until we're in a slightly lower (10%)...
by medstudent12
Fri May 24, 2013 4:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review before Medical School
Replies: 4
Views: 559

Portfolio Review before Medical School

I am married and will be starting medical school this fall. As I will not have a ton of extra time over the next few years, I am trying to get everything in order now, as well as learn a bit regarding investing. Just wanted to check to see if you all had any recommendations/suggestions regarding our...
by medstudent12
Wed May 22, 2013 6:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review before Medical School
Replies: 4
Views: 559

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