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Re: non-retirement priorities: pay off loan vs 529 vs other

Sorry to be away for a while. I just wanted to say thanks to everyone for the advice!
by mombo
Sun Sep 08, 2013 1:57 am
 
Forum: Investing - Help with Personal Investments
Topic: non-retirement priorities: pay off loan vs 529 vs other
Replies: 9
Views: 917

Re: non-retirement priorities: pay off loan vs 529 vs other

Thanks everyone for the advice! It sounds like we should pay off the student loan first. In terms of how to do it (and how to get rid of the Life Cycle and target retirement funds), should we just pick a day and sell the life cycle and target retirement funds? Or do people tend to sell some fraction...
by mombo
Sun Sep 01, 2013 9:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: non-retirement priorities: pay off loan vs 529 vs other
Replies: 9
Views: 917

non-retirement priorities: pay off loan vs 529 vs other

We're still relatively new to BH and want to pick your brains about how to allocate some extra non-retirement money. (about us: ages: 34 and 35 taxes: 33% federal, almost 10% state (CA) emergency: 5 months of expenses debt: student loan of $52 at 3.25%, home loan of $775 at 4.25% retirement is under...
by mombo
Sat Aug 31, 2013 8:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: non-retirement priorities: pay off loan vs 529 vs other
Replies: 9
Views: 917

Re: 30s couple - need help starting a portfolio

Is this $48k the money you are putting aside for a down payment on a home? Or other money intended for longer term investment? This extra $48k is supposed to be retirement money. We are currently keeping the down payment money separate (it's just in a savings account at the bank now) and aren't inc...
by mombo
Wed Jan 04, 2012 4:21 am
 
Forum: Investing - Help with Personal Investments
Topic: 30s couple - need help starting a portfolio
Replies: 10
Views: 1123

Re: 30s couple - need help starting a portfolio

With a rollover IRA, do you know if we could then fund a backdoor Roth? Or is it not worthwhile tax-wise to aim for the Roth (is it better to just take a rollover traditional IRA? A "back-door Roth" is actually short-hand for a non-deductible contribution to a traditional IRA, followed by...
by mombo
Mon Jan 02, 2012 3:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: 30s couple - need help starting a portfolio
Replies: 10
Views: 1123

Re: 30s couple - need help starting a portfolio

5. What should we do with her 401a? We were thinking of rolling this over into her Roth IRA so that we would have more flexibility about where to invest. Assuming that this is all taxable money, I would not put it in Roth. That would taxed at your full rate. Either a rollover IRA or a roll into her...
by mombo
Mon Jan 02, 2012 1:31 am
 
Forum: Investing - Help with Personal Investments
Topic: 30s couple - need help starting a portfolio
Replies: 10
Views: 1123

Re: 30s couple - need help starting a portfolio

Wow, ruralavalon - thanks so much for the prompt reply! We really appreciate it! Thanks for the reading list -- that should help get us started. In my opinion your desired asset allocation is within the range of what is reasonable. Here is a Vanguard paper which suggests int'l equities be in the ran...
by mombo
Mon Jan 02, 2012 1:29 am
 
Forum: Investing - Help with Personal Investments
Topic: 30s couple - need help starting a portfolio
Replies: 10
Views: 1123

30s couple - need help starting a portfolio

We are a couple in our early 30s just out of school and started making real money 4 months ago. We are also newlyweds so we're trying to consolidate our accounts if possible. We are completely new to investing/financial planning and were hoping for some advice about what to do with our new incomes. ...
by mombo
Sun Jan 01, 2012 3:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: 30s couple - need help starting a portfolio
Replies: 10
Views: 1123

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