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by memphis
Mon Apr 20, 2015 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: TAXES...oh...taxes...
Replies: 28
Views: 3497

Re: TAXES...oh...taxes...

memphis, welcome! As stated previously, it's much better to have money and pay taxes on it than to not have anything at all. Let's take a step back and get organized. Take a scan through the wiki: Getting started . Use it to supplement the Boglehead's Guide to Investing. Next, post your portfolio i...
by memphis
Tue Apr 14, 2015 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: TAXES...oh...taxes...
Replies: 28
Views: 3497

Re: TAXES...oh...taxes...

I personally like to buy individual stocks in my taxable account because you don't have to pay capital gains until you sell the position. I prefer that to having to deal with distributions. For example I got 20k taxable distribution from the vanguard health care fund last year. If you listen to War...
by memphis
Tue Apr 14, 2015 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: TAXES...oh...taxes...
Replies: 28
Views: 3497

Re: TAXES...oh...taxes...

You chose the three best funds (well, maybe Total Bond is all that is needed for bonds, even by paying taxes there you might come out ahead) for taxable. There is a good chart on this Wiki page for tax-efficient placement: https://www.bogleheads.org/wiki/Principles_of_tax-efficient_fund_placement A...
by memphis
Tue Apr 14, 2015 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: TAXES...oh...taxes...
Replies: 28
Views: 3497

Re: TAXES...oh...taxes...

How did you get from $6,000 to $1,654.00? You have quite a decent amount of money for someone your age. As noted by others, better to have money and pay taxes on it then not to have money :) Once you get taxes in order from year to year, the sticker shock will wear off. Also, don't wait until the l...
by memphis
Tue Apr 14, 2015 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: TAXES...oh...taxes...
Replies: 28
Views: 3497

Re: TAXES...oh...taxes...

How did you get from $6,000 to $1,654.00? You have quite a decent amount of money for someone your age. As noted by others, better to have money and pay taxes on it then not to have money :) Once you get taxes in order from year to year, the sticker shock will wear off. Also, don't wait until the l...
by memphis
Mon Apr 13, 2015 10:35 pm
Forum: Investing - Help with Personal Investments
Topic: TAXES...oh...taxes...
Replies: 28
Views: 3497

Re: TAXES...oh...taxes...

Thank you for your reply! It looks like I'll owe $1,654.00. I'm sorry, I also forgot to mention that I have a 403b worth about $60,000 and I am investing the company match at 6%. (Vanguard Institutional Index, mid-cap index, and Total bond). Well, I guess I was just thinking that maybe a more tax e...
by memphis
Mon Apr 13, 2015 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: TAXES...oh...taxes...
Replies: 28
Views: 3497

Re: TAXES...oh...taxes...

Thank you for your reply! It looks like I'll owe $1,654.00. I'm sorry, I also forgot to mention that I have a 403b worth about $60,000 and I am investing the company match at 6%. (Vanguard Institutional Index, mid-cap index, and Total bond). Well, I guess I was just thinking that maybe a more tax ef...
by memphis
Mon Apr 13, 2015 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: TAXES...oh...taxes...
Replies: 28
Views: 3497

TAXES...oh...taxes...

Wow...I feel I might be a bit in over my head here.....but I will try my best to relay my situation an kindly ask for the direction of those much much wiser and more experienced than myself (pretty much ALL of you) ! a little about me: 35 yr/old : salary: $60,000 yr Mortgage on $140,000 residence at...
by memphis
Mon Jul 01, 2013 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Why all the doomsday noise?
Replies: 12
Views: 1772

Why all the doomsday noise?

First, let me say that I am a complete novice to investing. However, I have adopted the Boglehead phiosophy as it makes more sense to me than any other investment strategy. I am a wee bit confused about a couple thigs though. So, I just read this article (noise) tha pretty much summed up the fall of...
by memphis
Tue Jun 04, 2013 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Please help a lost soul with more money than sense
Replies: 26
Views: 3571

Re: Please help a lost soul with more money than sense

To the OP I sure hope your wife doesn't read this blog. Me too..... :oops: In all seriousness though, I'm not saying that my marriage is doomed or anything, and we're actually getting along quite famously lately. And yes, we love each other very much. However, sometimes things just.....happen. And ...
by memphis
Tue Jun 04, 2013 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Please help a lost soul with more money than sense
Replies: 26
Views: 3571

Re: Please help a lost soul with more money than sense

Thanks for the kind words Protagonist! And you raise many good points, especially about paying off the mortgage for psychological benefits. I would like to address point # 6. I agree wholeheartedly that marriage in today's world will probably end in divorce, statistically speaking. Which is exactly ...
by memphis
Mon Jun 03, 2013 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: Please help a lost soul with more money than sense
Replies: 26
Views: 3571

Re: Please help a lost soul with more money than sense

Thanks again everyone for the great replies. I invested a large prtion ($280k) this morning with Vanguard. I used a 70/30 stock/bond ratio. The bond fund I chose was the Intermediate term-Tax exempt (since this went into a taxable acct.) On the equity side I chose a 66/34% US/Internt. via Total stoc...
by memphis
Sun Jun 02, 2013 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Please help a lost soul with more money than sense
Replies: 26
Views: 3571

Re: Please help a lost soul with more money than sense

Thanks to everyone with the awesome replies.I really don’t want to be reckless with this money, so I knew that seeking for advice on this forum would point me in the right direction!Thank you all again so much for your time! More facts: I failed to state the amount in my 403b: $25,000 403b options: ...
by memphis
Sat Jun 01, 2013 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Please help a lost soul with more money than sense
Replies: 26
Views: 3571

Re: Please help a lost soul with more money than sense

Thank you for the reply. I'm sorry, I should have been more clear. The total amount from the sale of the land was $360,000. However, since I inherited the land in 2004 (according to my atty.) I will only pay capital gains tax on the total ($360,000) minus the value of the land when I inherited the p...
by memphis
Sat Jun 01, 2013 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Please help a lost soul with more money than sense
Replies: 26
Views: 3571

Please help a lost soul with more money than sense

Hello all, this is my first post here, although I have been researching this sit for a month or so. Through a string of unfortunate life events, I have found myself in a favorable, albeit, unorganized financial situation.My parents both passed away ten years ago, leaving me an inherited IRA through ...

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