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Re: 36 year old looking for advice

I will let others chime in on the VUL's etc but one thing I wanted to bring up is that if you own a SIMPLE IRA, pro-rata rules apply and it becomes more difficult/expensive to fund a backdoor roth. Good pro-rata rules and you will find a fair amount of information. I also agree with simplifying as m...
by radchad3
Fri Feb 07, 2014 8:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: 36 year old looking for advice
Replies: 12
Views: 1494

Re: Train tickets in Italy-Wow!!

We are also going to Italy in May. I had a heck of a time on the trenitalia sight until I finally switched to google chrome. I was using Safari. Didn't have a single hiccup since the switch. When booking for some reason you have to go to the top pull down menu and "purchase tickets". The s...
by radchad3
Wed Jan 29, 2014 1:23 pm
 
Forum: Personal Consumer Issues
Topic: Train tickets in Italy [trouble booking with Trenitalia]
Replies: 22
Views: 1858

Re: Help with wife's 401k-Trying to move to Vanguard

That is a good thought but unfortunately we are doing backdoor roths as well so a rollover IRA won't work for us. Here are the fund options along with ER's for her account: Federated US Treasury Cash Reserves UTIXX 0.20 Vanguard Short Term Inflation Protected Securities Fund VTAPX 0.20 Ave Maria Bon...
by radchad3
Mon Jan 06, 2014 6:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with wife's 401k-Trying to move to Vanguard
Replies: 9
Views: 508

Re: Help with wife's 401k-Trying to move to Vanguard

Thank you all for the responses so far! I could be a little more clear about her work situation. She works for a catholic church in town so the diocese makes the decision on the trust company/401k administrator. We currently max out her 401k as well as my tax-advantaged accounts so it is really impo...
by radchad3
Mon Jan 06, 2014 5:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with wife's 401k-Trying to move to Vanguard
Replies: 9
Views: 508

Re: Help with wife's 401k-Trying to move to Vanguard

Yeah, that is what I was afraid of. I would love to have the whole thing moved but that isn't going to happen unfortunately. Are there any other options?
by radchad3
Mon Jan 06, 2014 3:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with wife's 401k-Trying to move to Vanguard
Replies: 9
Views: 508

Help with wife's 401k-Trying to move to Vanguard

Hello all! My wife has a 401k at her job with terrible options and ER's >1.0. It is a relatively small business and the administrator said she would be more than happy to have her check deposited to whichever custodian we chose. My question is will VG be able to do this? Does the 401k have to go thr...
by radchad3
Mon Jan 06, 2014 3:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with wife's 401k-Trying to move to Vanguard
Replies: 9
Views: 508

Re: Car Wax

Meguiar's NXT. Does a really nice job!
by radchad3
Sat Oct 05, 2013 6:37 pm
 
Forum: Personal Consumer Issues
Topic: Car Wax
Replies: 42
Views: 2755

Re: What % of your income are you saving for retirement?

Thought I would repost with my more accurate figures:

% of full gross income including retirement funding and passive income: 33.94%
% of net (after taxes): about 46%
by radchad3
Thu Feb 14, 2013 11:53 pm
 
Forum: Investing - Theory, News & General
Topic: What % of your income are you saving for retirement?
Replies: 228
Views: 20371

Re: What % of your income are you saving for retirement?

I have been using box 1. I see what you are saying about using box 3 though. That is the only thing about these types of threads. The percentages can vary wildly depending on the numbers used. I wish there was a standard so we could truly compare apples to apples.
by radchad3
Sat Feb 09, 2013 2:42 am
 
Forum: Investing - Theory, News & General
Topic: What % of your income are you saving for retirement?
Replies: 228
Views: 20371

Re: What % of your income are you saving for retirement?

Not sure how everyone calculates their percentages but I take the total amount saved (pre and post tax) and divide it by our W-2's. Calculating it this way gave us about 42% savings rate for 2012.
by radchad3
Sat Feb 09, 2013 2:00 am
 
Forum: Investing - Theory, News & General
Topic: What % of your income are you saving for retirement?
Replies: 228
Views: 20371

Re: Newbie seeking portfolio advice

Hi Neill, You are getting good advice here. I agree in that the only funds I would keep in the taxable would be TSM or Total international. The next thing I would try and do is get your Great Western account (not sure what this one is) and your rollover IRA to the VG 401k if they allow it. This woul...
by radchad3
Fri Jan 11, 2013 8:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Newbie seeking portfolio advice
Replies: 22
Views: 1566

Re: What was your 2012 return?

10.5% (XIRR) with a 67/33 equities/bond split. 30% international. Pretty happy with that but seems most are higher with the same ratio. Likely related to the timing of new contributions?? I will take it though!
by radchad3
Tue Jan 01, 2013 7:08 pm
 
Forum: Investing - Theory, News & General
Topic: What was your 2012 return?
Replies: 275
Views: 20286

Re: Backdoor Roth Question

Thank you all for the replies. I have sent an email off to my CPA with the above link. We shall see what she says. Thanks! Chad
by radchad3
Sat Dec 22, 2012 12:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1161

Re: Backdoor Roth Question

So I just got a response from my CPA regarding the $6k in pretax going into the 401k. Here is her response: "Unfortunately, the rules do not allow you to “identify” the $6,000 earnings as the portion you are rolling into the company 401k. The full balance has to be prorated…. so if you are roll...
by radchad3
Thu Dec 20, 2012 8:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1161

Re: Total Stock Market or Total International in taxable?

That is a good thought actually! Thanks!
by radchad3
Mon Dec 17, 2012 7:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market or Total International in taxable?
Replies: 7
Views: 1053

Re: Total Stock Market or Total International in taxable?

Thank you all for the replies. I have all the VG funds available in my retirement account. I had just been using TSM in my taxable thinking that was the most efficient. Just wanted to see others thoughts on this! Thanks!!
by radchad3
Mon Dec 17, 2012 7:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market or Total International in taxable?
Replies: 7
Views: 1053

Re: Backdoor Roth Question

That all makes sense! So the two scenarios I see are: 1. SIMPLE IRA rollover to 401k. Then $6k pretax sent to 401k. Then $10k converted to Roth IRA 2. SIMPLE IRA rollover to 401k. 401k won't allow for Trad IRA rollovers so $16k converted to Roth IRA with $6k being taxed at my nominal tax bracket. Wi...
by radchad3
Mon Dec 17, 2012 7:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1161

Re: Backdoor Roth Question

Thanks Alan! I know they will accept SIMPLE IRA rollovers as the papers have been signed and in progress. What has piqued my interest is that once the SIMPLE has been rolled over and done with; can I then take the $6k in gains and also roll it over into the 401k (if the plan allows) and consequently...
by radchad3
Sun Dec 16, 2012 10:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1161

Re: Backdoor Roth Question

If you want it to be tax free, you also have to roll over the 6k pre tax IRA amount. Or perhaps for just 6k, she leaves it in the IRA and will have a larger conversion but 6k will be taxable. Be sure your respective non deductible contributions have been reported or will be reported on separate 860...
by radchad3
Sun Dec 16, 2012 10:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1161

Re: Backdoor Roth Question

Also, another question came to mind! My wife has not been working the whole year up until this month so her earned income will be <$2K. If we file are taxes jointly, I can still contribute to here TIRA for conversion to a Roth once I complete the transactions above correct?

Thank again! Chad
by radchad3
Sun Dec 16, 2012 10:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1161

Re: Backdoor Roth Question

Thank you for the reply! So if I can do #1 then #2 shouldn't come into play and I wont have to pay the taxes on the gains correct?

I agree, getting this done by the end of the year will be tough to do!
by radchad3
Sun Dec 16, 2012 9:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1161

Total Stock Market or Total International in taxable?

Hello all! I currently have been contributing my max to our retirements and any leftover savings have been going into a taxable account. I have been putting that in VG total stock market. Is there any savings to be made from a tax standpoint by buying VG total international instead? Thank you very m...
by radchad3
Sun Dec 16, 2012 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market or Total International in taxable?
Replies: 7
Views: 1053

Backdoor Roth Question

Hi everyone! I know there are a fair amount of Roth IRA questions but I need yet another answered. My wife and I are over the income limitations for a direct Roth contribution so I have been making backdoor contributions for a couple of years. However, my wife has had a SIMPLE IRA for several years ...
by radchad3
Sun Dec 16, 2012 9:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Question
Replies: 19
Views: 1161

Re: Inheriting $200k.... what to do?

First and foremost: Sorry for your loss. The advice you are getting is great! You have stumbled on to potentially the biggest financial turnaround of your life and if you follow the advice on this forum, it will allow you to retire when you want to and live a more stress free financial life. Stay mo...
by radchad3
Wed Aug 08, 2012 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inheriting $200k.... what to do?
Replies: 19
Views: 1901

Re: Have some "leftover" investment $$ What to do with it??

Vortex: That is a very reasonable idea! Watty: I was thinking along those same lines in regards to the I-bonds. As far as the muni bonds, I realize that I will be at interest rate risk etc for individual munis. What are your thoughts on the the intermediate tax exempt muni bond fund? Any thoughts fr...
by radchad3
Thu Aug 02, 2012 6:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have some "leftover" investment $$ What to do with it??
Replies: 8
Views: 906

Re: Have some "leftover" investment $$ What to do with it??

5. Others?? 6) Tilt your "now vs later" balance towards "now" some more. You might not live to retire or have health issues by then. What are you going to do when you retire? Start doing some of those things now. I actually feel like we have. We are able to take 3-4 vacations/yr...
by radchad3
Wed Aug 01, 2012 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have some "leftover" investment $$ What to do with it??
Replies: 8
Views: 906

Have some "leftover" investment $$ What to do with it??

Hello everyone! I have been investing for my retirement for about 2-3 years now and I am lucky enough that my income has gradually increased to the point where I have been able to put about 100K+ a year in both taxable and tax-deferred accounts. Running all the calculators etc shows that I should be...
by radchad3
Wed Aug 01, 2012 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Have some "leftover" investment $$ What to do with it??
Replies: 8
Views: 906

Anyone with opinions on the PenFed 1.99% HEL?

Hello everyone! I am looking at the Penfed home equity loan with a 5 yr fixed rate at 1.99% This seems like a very good deal! I was wondering if anyone has had any experience with this loan or Penfed in general. Other than the appraisal is there truly no other closing costs? How was customer service...
by radchad3
Mon Jul 23, 2012 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone with opinions on the PenFed 1.99% HEL?
Replies: 4
Views: 1419

Re: Resident Physician - need of major help.

Congrats on finishing your training! I agree with most of the above posts. WIth your 403b I would consider leaving it or rolling it over to another 401k/403b at your next job. I would hesitate rolling it over into a IRA right now as it will have tax implications in the future should you want to do a...
by radchad3
Tue May 22, 2012 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Resident Physician - need of major help.
Replies: 75
Views: 9624

Re: [POLL] How many miles on your car?

My car: 1998 Pontiac Bonneville 114,000 (paid $6,700 7 years ago in cash)
WIfes car: 2006 Pontiac Grand Prix GT 77,000 (paid $11,600 2 years ago in cash)
by radchad3
Fri Mar 30, 2012 8:58 pm
 
Forum: Personal Consumer Issues
Topic: [POLL] How many miles on your car?
Replies: 141
Views: 6246

Re: Young investor seeking advice for the new year and beyon

I agree with Supraacumen: You want to keep your ER as low as possible as it keeps more money in your pocket! I know you want the simplest plan possible but adding a Target fund in your tax sheltered and then index funds in your taxable seems more complicated and on top of that more expensive! If you...
by radchad3
Wed Feb 15, 2012 1:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young investor seeking advice for the new year and beyond!
Replies: 12
Views: 852

Re: Young investor seeking advice for the new year and beyon

Questions: 1. I have about $40k sitting in my savings account, not even keeping up with inflation. The goal was to keep this money liquid for a down payment towards a house. Since I've decided this might not happen for at least another 1-2 years due to my location, I'd like to put this money to work...
by radchad3
Wed Feb 15, 2012 1:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Young investor seeking advice for the new year and beyond!
Replies: 12
Views: 852

Re: What Percentage of your Gross Income for Housing & Auto?

Mortgage (house payment, property taxes, and insurance): 5.6%
Utilities: 0.67%
Car insurance: 0.19%
Gas: 1.0%
Car registration and taxes: 0.08%

Total: 7.54%

Own two cars outright (2006 and 1998) and mortgage on house.
by radchad3
Mon Feb 13, 2012 2:15 am
 
Forum: Personal Finance (Not Investing)
Topic: What Percentage of your Gross Income for Housing & Auto?
Replies: 87
Views: 6425

Re: Newbie Finishing Residency Training Seeking Advice @ 29

Yes, those are the two I would recommend. I also wanted to comment on a couple of things. I agree with emergdoc on the LI. At those rates I would simply take the $500k from the hospitals policy and call it a day. Some would argue not even that. When it comes to DI, I carry Guardian for my insurance....
by radchad3
Thu Jan 19, 2012 2:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Newbie Finishing Residency Training Seeking Advice @ 29
Replies: 12
Views: 1433

Very interesting opinions on the subject! I am a little gun-shy and would certainly be taking things ultra slow and deliberate. I have no illusions that this business would allow me to retire at 40 with a yacht and three vacation homes! Keep the info coming and thank you all for the input! Chad
by radchad3
Thu Aug 25, 2011 6:17 pm
 
Forum: Investing - Theory, News & General
Topic: Looking to get into rental properties, book recs and advice?
Replies: 57
Views: 5199

Thanks everyone for the input! My main purpose to rental properties is to help supplement my retirement. I am aware of the risks but need more knowledge on the subject before diving in. The ultimate question really is: Does the rental business provide a different risk profile than the stock market, ...
by radchad3
Tue Aug 23, 2011 8:36 am
 
Forum: Investing - Theory, News & General
Topic: Looking to get into rental properties, book recs and advice?
Replies: 57
Views: 5199

Looking to get into rental properties, book recs and advice?

I am looking to start getting into the rental property business. I am in my early 30s and my plan is to start slow and get the hang of things and eventually get to the point where I can supplement some of my retirement income. Does anyone have some good books suggestions or other good resources? Any...
by radchad3
Mon Aug 22, 2011 8:54 pm
 
Forum: Investing - Theory, News & General
Topic: Looking to get into rental properties, book recs and advice?
Replies: 57
Views: 5199

LOL. When I get this figured out I will be more than happy to help anyone in my situation. This has been an unbelievably difficult task given the request is so simple!

Retiredjg: HAHAHA....I can't believe you said that!!! :)
by radchad3
Mon Aug 22, 2011 7:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: ETF's at VBS or VG funds at Wells Fargo?!
Replies: 15
Views: 1060

hollowcave: The thought behind buying MF's initially was for convenience. The funds are dispersed to me monthly, that means I would be buying 2-3 ETF's every month manually since ETF's cannot be set up for auto buy like MF's. Then once a year or so just convert those over to their respective ETF's f...
by radchad3
Mon Aug 22, 2011 7:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: ETF's at VBS or VG funds at Wells Fargo?!
Replies: 15
Views: 1060

Thank you all for the input. Unfortunately, the requirement is that the funds be held in a brokerage account. I have no idea why but that is what they tell me. If I could buy MF's though VBS I would be set! The scenario Livesoft gave about buying VG MF's at Wells and exchanging for EFT's periodicall...
by radchad3
Mon Aug 22, 2011 7:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: ETF's at VBS or VG funds at Wells Fargo?!
Replies: 15
Views: 1060

Thanks Livesoft! I can always count on you to share your expertise. It is very much appreciated! The main plus for me is the MF's simplicity. I can set them up for auto buys monthly and just rebalance periodically. I like your idea of being at Wells, buying VG MF's and then periodically buying ETF's...
by radchad3
Mon Aug 22, 2011 6:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: ETF's at VBS or VG funds at Wells Fargo?!
Replies: 15
Views: 1060

ETF's at VBS or VG funds at Wells Fargo?!

Hello everyone! I have been researching for sometime now what to do with my 401k/profit-sharing plan (PSP) through work. I am able to open enroll through the plan but need to have the money go to a brokerage account for this to work properly. I am looking at Wells Fargo with their 100 free trades/yr...
by radchad3
Mon Aug 22, 2011 6:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: ETF's at VBS or VG funds at Wells Fargo?!
Replies: 15
Views: 1060

Thanks livesoft. If I don't opt out of my retirement plan, then I am stuck paying 0.25 ER just to the financial advisor plus the ER of the fund. If I opt out of the program, I can sign up for VG brokerage services but I was told that I am not allowed to buy MF's because I "should" be able ...
by radchad3
Sun Jul 24, 2011 10:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Two Questions about ETF's
Replies: 8
Views: 904

Thank you all for the quick replies! I am still a little confused about the bid/ask part of ETF's. Am I thinking this right that I basically would have the plan administrator deposit my monthly retirement funds into a money market at my VG brokerage account. Then monthly, I would have to buy the ETF...
by radchad3
Sun Jul 24, 2011 9:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Two Questions about ETF's
Replies: 8
Views: 904

Two Questions about ETF's

Hello everyone! I have a couple of quick questions/scenarios regarding ETF's. 1. I have a unique situation in my retirement plan that would require me to hold ETF's. I currently hold 4 funds. They are Total Stock Market, Total Bond Market, Total International and TIPS (all Vanguard). Would there be ...
by radchad3
Sun Jul 24, 2011 8:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Two Questions about ETF's
Replies: 8
Views: 904

Thanks DS. I am really starting to get discouraged with my situation. It has become a complete nightmare! I had recharacterized what I thought was my 2010 conversion ($5,000) but will have to go back and do another $5,000 so I wont have a tax liability.

Thanks again! Chad
by radchad3
Sat Mar 19, 2011 4:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Recharacterization--Can I do this for individual years?
Replies: 2
Views: 405

Recharacterization--Can I do this for individual years?

Hello everyone! I have a question that I can't seem to find the answer to in the wiki, or elsewhere for that matter! In Feb 2010 I made a contribution of $5,000 for 2009 and $5,000 for 2010 into a nondeductible IRA for my wife. Later that month I then made a conversion to a Roth IRA for her. Without...
by radchad3
Sat Mar 19, 2011 3:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Recharacterization--Can I do this for individual years?
Replies: 2
Views: 405

If only considering just the Roth and SIMPLE they are considered two different accounts. If less than 55 you can contribute up to $5,000 to a Roth and up to $11,500 to a SIMPLE in the same year.

Chad
by radchad3
Sat Mar 12, 2011 12:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Simple + Roth
Replies: 4
Views: 788

i agree with what was said here. If you have maxed your current retirement options then utilizing a backdoor roth for you and your wife makes the most sense! I would consider rolling your IRA over to your 401k. This then allows the backdoor roth without paying any additional taxes. I would also cont...
by radchad3
Wed Feb 23, 2011 11:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Am I Doing? (All Advice & Scrutiny Sought)
Replies: 11
Views: 1489

I agree with everyone. My wife and I have spent 20 years combined on post high school education and didn't do much during those years. Now we have saved reasonably and now plan on doing as much as possible during our free time. Whether that be vacationing a distance from home or camping in the backy...
by radchad3
Thu Feb 17, 2011 11:41 pm
 
Forum: Personal Consumer Issues
Topic: Live your dreams now or wait?
Replies: 38
Views: 4092
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