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Re: Am I being too conservative?

I feel more comfortable at 70/30 then say 80/20, and I'm not near as likely to be concerned with short term or even longer term fluctuations in the market. However, I don't want to be conservative that my wife and I can't retire until our mid 60's. We would both love to retire in our mid to late 50'...
by ugaDAWGS09
Sun Dec 21, 2014 9:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I being too conservative?
Replies: 19
Views: 1468

Re: Am I being too conservative?

My wife and I are both 29, and I was wondering if you think we are being too conservative at our age? We currently both have very stable jobs, and make about 180-200k per year combined (depending on bonuses). Our investment accounts are set at 70/30. For the stock portion we use about 40% large cap...
by ugaDAWGS09
Sun Dec 21, 2014 8:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I being too conservative?
Replies: 19
Views: 1468

Re: Am I being too conservative?

I think you are doing just fine with your 70/30 portfolio. My portfolio is approximately 70/30 and I am 55 years old. Maybe I am being too aggressive. The amount of fixed income to hold in a portfolio is an individual decision. It really is your sleeping point, the amount of bonds and cash you need...
by ugaDAWGS09
Sun Dec 21, 2014 8:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I being too conservative?
Replies: 19
Views: 1468

Re: Am I being too conservative?

That allocation seems perfectly reasonable to me. Question: we're you invested during the 2008/2009 crash? And if so what were you invested in and how did you react? Did you lose sleep over your portfolio. Could you go 80/20? Maybe. Could you go 60/40? Sure why not. Asset Allocation isn't an exact ...
by ugaDAWGS09
Sun Dec 21, 2014 8:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I being too conservative?
Replies: 19
Views: 1468

Am I being too conservative?

My wife and I are both 29, and I was wondering if you think we are being too conservative at our age? We currently both have very stable jobs, and make about 180-200k per year combined (depending on bonuses). Our investment accounts are set at 70/30. For the stock portion we use about 40% large caps...
by ugaDAWGS09
Sat Dec 20, 2014 4:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Am I being too conservative?
Replies: 19
Views: 1468

How long should I wait to convert to Roth

I just contributed to my non-deductible TIRA last Friday, how long should I wait to convert to Roth? When I call Vanguard to convert, does it take place the same day (like end of business day)? The market has had a decent pullback (almost 1,000 points) so it would be good to go ahead and get it conv...
by ugaDAWGS09
Tue Dec 16, 2014 6:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: How long should I wait to convert to Roth
Replies: 3
Views: 703

Re: Vanguard Turbo Tax prices anounced

Is the premier version needed to fill out the Roth conversion paperwork? This is my first time converting a traditional IRA to Roth.
by ugaDAWGS09
Sat Dec 13, 2014 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard Turbo Tax prices anounced
Replies: 57
Views: 7782

Re: Backdoor Roth for a beginner

Thanks to you all for the help. I just called Vanguard and opened my traditional IRA in the money market, and will do the conversion next week.
by ugaDAWGS09
Fri Dec 12, 2014 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth for a beginner
Replies: 16
Views: 1175

Re: Backdoor Roth for a beginner

Sorry, another question: I currently have my Roth invested 100% in Wellington, and I'm going to open the traditional IRA in Wellington also. When I convert the account to a Roth, will the new account just combine with my old Roth since they are both at Wellington, or will it show up separate. I jus...
by ugaDAWGS09
Fri Dec 12, 2014 1:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth for a beginner
Replies: 16
Views: 1175

Re: Backdoor Roth for a beginner

Sorry, another question: I currently have my Roth invested 100% in Wellington, and I'm going to open the traditional IRA in Wellington also. When I convert the account to a Roth, will the new account just combine with my old Roth since they are both at Wellington, or will it show up separate. I just...
by ugaDAWGS09
Fri Dec 12, 2014 12:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth for a beginner
Replies: 16
Views: 1175

Re: Backdoor Roth for a beginner

DS I'm not sure what that means. Are you saying make sure I pay taxes on my earnings between my converting from traditional to Roth?
by ugaDAWGS09
Thu Dec 11, 2014 10:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth for a beginner
Replies: 16
Views: 1175

Re: Backdoor Roth for a beginner

One more question, the maxed pre-tax 401k has no affect on the backdoor Roth correct?
by ugaDAWGS09
Thu Dec 11, 2014 9:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth for a beginner
Replies: 16
Views: 1175

Re: Backdoor Roth for a beginner

Thanks so much to the both of you. I looked at my MAGI, and it appears we will be at the very top of the phase out limit so we should go ahead and set up the TIRA then convert it over. If I call Vanguard are they allowed to help me with the conversion?
by ugaDAWGS09
Thu Dec 11, 2014 9:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth for a beginner
Replies: 16
Views: 1175

Backdoor Roth for a beginner

I'm almost positive my wife and I are going to make too much this year to contribute to a Roth without going the backdoor route. I have no idea what a backdoor Roth is or how to start one. If we are going to do one, do we have until tax time next year just like with a normal Roth? Do I have to pay t...
by ugaDAWGS09
Thu Dec 11, 2014 6:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth for a beginner
Replies: 16
Views: 1175

Wellesley acutally outperforms Total Market/Intermed. Tax Ex

I was looking at after tax comparisons between the Wellesley fund and a 35/65 combo of Total stock Market and Intermediate Tax-exempt, and was surprised to see that Wellesley actually outperformed the other two funds. 5 yr after tax: Wellesley 8.36% TSM/Int Tax Ex 8.04% 10 yr after tax: Wellesley 5....
by ugaDAWGS09
Mon Dec 08, 2014 2:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wellesley acutally outperforms Total Market/Intermed. Tax Ex
Replies: 5
Views: 953

Re: Bonds for taxable

Thanks for all the help. This bond stuff can be really confusing, and I just don't want to start dumping money into muni's without knowing what to expect. I thought about the tax managed balanced fund, but figured it made more sense to go with separate IT tax exempt and total market/international so...
by ugaDAWGS09
Sat Dec 06, 2014 4:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bonds for taxable
Replies: 15
Views: 1230

Re: Bonds for taxable

Thanks for the advice. The best CD I can currently find is the 7 year 3% floor CD by Tobyhanna, which give me about 2.06% after state and federal taxes The intermediate term tax exempt has a distribution yield of 2.94 % which would be about 2.75% after state taxes. That's a good difference, but I kn...
by ugaDAWGS09
Sat Dec 06, 2014 1:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bonds for taxable
Replies: 15
Views: 1230

Re: Bonds for taxable

Thanks to the both of you for the advice. How exactly does the intermediate term tax exempt fund make it's money? If the SEC yield is 1.64% does that mean the fund will return the 1.64% this year? What factors could raise or lower this return for munis? Also, does TTM yield mean anything to me as an...
by ugaDAWGS09
Sat Dec 06, 2014 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bonds for taxable
Replies: 15
Views: 1230

Bonds for taxable

I'm just having a hard time making a decision on how to invest my taxable account. I would love to just put it all in a balanced fund and go with it, but hate to pay the taxes that are unnecessary. However, I have read a lot on here about muni's being more risky than taxable bonds. What's the reason...
by ugaDAWGS09
Sat Dec 06, 2014 11:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Bonds for taxable
Replies: 15
Views: 1230

Re: Help with taxable account (conservative)

How does intermediate tax exempt compare to total bond? Which is more interest rate sensitive? Should I own a large portion of municipals as my taxable bond holding since I'm in the 28% tax bracket?
by ugaDAWGS09
Fri Dec 05, 2014 11:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with taxable account (conservative)
Replies: 21
Views: 880

Re: Help with taxable account (conservative)

I didn't see in your post what the money is intended. Is this for a emergency fund? House down-payment? Retirement? Asset allocation is a personal decision on how much risk you can tolerate. Listen to your wife. Think loosing 1/2 of the stock money in a bad bear market. A suggestion is a very conse...
by ugaDAWGS09
Fri Dec 05, 2014 5:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with taxable account (conservative)
Replies: 21
Views: 880

Re: Help with taxable account (conservative)

You could consider Vanguard Tax-Managed Balanced Fund Admiral Shares (VTMFX) 50/50, which would be easier on taxes, especially if you are at least in the 25% bracket. I'm definitely considering the fund. Is a much more tax-efficient to choose individual funds (total market, total international, int...
by ugaDAWGS09
Fri Dec 05, 2014 3:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with taxable account (conservative)
Replies: 21
Views: 880

Re: Help with taxable account (conservative)

What are the differences in the bonds being held in the lifestrategy fund and the Wellesley fund? Are they similar to intermediate term-tax exempt (municipals)? And which bonds are most interest rate sensitive, or which funds stands to lose the most as interest rates rise?
by ugaDAWGS09
Fri Dec 05, 2014 3:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with taxable account (conservative)
Replies: 21
Views: 880

Re: Help with taxable account (conservative)

ugaDAWG, I would discuss more with you wife about why she wants to be more conservative with the 70k. Is it money she thinks you will need to use in a few years for something? I would try to get more information from her to understand her view of that money better. It sounds like you and her don't ...
by ugaDAWGS09
Fri Dec 05, 2014 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with taxable account (conservative)
Replies: 21
Views: 880

Re: Help with taxable account (conservative)

Late 20's,indeed you have quite an investing time horizon ahead of you . Many will say go Total Stock,Total International given your time horizon along with the tax efficiency that comes with those funds. Personally I am more conservative ,knowing full well the tax implications I use both Lifestrat...
by ugaDAWGS09
Fri Dec 05, 2014 2:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with taxable account (conservative)
Replies: 21
Views: 880

Re: Help with taxable account (conservative)

ugaDAWG, I would discuss more with you wife about why she wants to be more conservative with the 70k. Is it money she thinks you will need to use in a few years for something? I would try to get more information from her to understand her view of that money better. It sounds like you and her don't ...
by ugaDAWGS09
Fri Dec 05, 2014 2:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with taxable account (conservative)
Replies: 21
Views: 880

Help with taxable account (conservative)

My wife and I have about 70k saved up and we need to invest it. We currently have our AA set at 75/25 for our 401k/Roth accounts, but my wife says she would like to be more conservative with this account. I talked to her about how our investment time frame is so long that we should just invest it cl...
by ugaDAWGS09
Fri Dec 05, 2014 2:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with taxable account (conservative)
Replies: 21
Views: 880

Re: Tobyhanna credit union

Thanks everyone. I will make the deposit tomorrow. 3% is a great rate for me based on other banks around my area,
by ugaDAWGS09
Tue Dec 02, 2014 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tobyhanna credit union
Replies: 7
Views: 540

Tobyhanna credit union

I was holding out hope for Penfed, but looks like I'm going to look elsewhere for a good long term CD rate. I see Tobyhanna is offering their 7 year CD again that has been mentioned many times on this site. My main question is do you worry at all when buying a CD from a small credit union like this ...
by ugaDAWGS09
Tue Dec 02, 2014 6:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Tobyhanna credit union
Replies: 7
Views: 540

Calculating MAGI for Roth

What are the major items that reduce MAGI from my total income earned in a year? Do I take my total earnings and subtract my 401k contributions, anything else?
by ugaDAWGS09
Sun Nov 30, 2014 8:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Calculating MAGI for Roth
Replies: 1
Views: 424

If my company takes out too much social security tax

My company was bought out by Bi-Lo holdings in May, and I'm unable to view my last paycheck from my previous company. However, I'm pretty sure I'm above the 117k limit where social security tax should be cut off. If this new company is also unable to view my previous YTD earnings and takes out too m...
by ugaDAWGS09
Sat Nov 22, 2014 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: If my company takes out too much social security tax
Replies: 2
Views: 272

Re: Question about Vanguard total stock market

Thanks for the help, I will go ahead and purchase the fund.
by ugaDAWGS09
Fri Nov 14, 2014 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Question about Vanguard total stock market
Replies: 8
Views: 1261

Question about Vanguard total stock market

I'm about to start my taxable account, and wanted to start by buying VTSMX (total stock market). My question is will I earn any dividends that have to be reported on taxes if I purchase the fund today, or has the stock already paid all of it's dividends for the year. Just didn't want to add extra ta...
by ugaDAWGS09
Fri Nov 14, 2014 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Question about Vanguard total stock market
Replies: 8
Views: 1261

Re: Finally taking the next step - taxable account

See Backdoor Roth in the Wiki if you may be over the income limit. If you don't have a traditional IRA, it is pretty simple to do. If only one of you does, the other can do the B-Roth. A Roth is always better than taxable. I prefer mutual funds over ETFs for the same reason you do-no leftover money...
by ugaDAWGS09
Sat Nov 08, 2014 1:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally taking the next step - taxable account
Replies: 8
Views: 935

Re: Finally taking the next step - taxable account

... I'm going to be investing at Vanguard, and most likely investing all my money in Vanguard Total Stock Market (VTSMX). I have chosen to go the mutual fund over the index fund so that I can buy partial shares. ... Just to make the terminology point, index funds are mutual funds. Perhaps you meant...
by ugaDAWGS09
Sat Nov 08, 2014 1:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Finally taking the next step - taxable account
Replies: 8
Views: 935

Finally taking the next step - taxable account

My wife and I have decided to start investing in a taxable account. We are both maxing out 401k's now and will need somewhere else to put our money (not sure yet if we can do a normal Roth IRA waiting to file our taxes to get our MAGI). I'm going to be investing at Vanguard, and most likely investin...
by ugaDAWGS09
Sat Nov 08, 2014 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Finally taking the next step - taxable account
Replies: 8
Views: 935

Re: Anyone here buy land/houses at public auctions

Thanks for the advice. I'm really not looking at homes, but mostly just land with timber. Homes present a whole new set of problems that require lots of pre-inspection. However, with the land I may be able to find a good deal with some hard wood that can bring in a decent profit. Thanks again.
by ugaDAWGS09
Sat Oct 18, 2014 10:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here buy land/houses at public auctions
Replies: 6
Views: 1078

Anyone here buy land/houses at public auctions

I was looking through the legal section in my local newspaper and noticed several nice size lots of land for sale at a public auction. I was wondering if anyone here had experience with this type of situation. It says sold to the highest bidder for cash, but do you have to have the entire amount of ...
by ugaDAWGS09
Fri Oct 17, 2014 5:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here buy land/houses at public auctions
Replies: 6
Views: 1078

Re: Anyone here flip houses?

Thanks for all the info. I definitely won't be able to do the renovations myself, not only do I lack time but I lack the skill for that kind of work. My best friends dad, however, does this kind of work all the time. He does paint, carpet, builds cabinets, etc. Now if plumbing and electrical were to...
by ugaDAWGS09
Mon Jul 14, 2014 6:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here flip houses?
Replies: 40
Views: 5021

Anyone here flip houses?

This is something I have been thinking about getting into for a while. Nothing big to start, just one house at the time. Any books you would recommend or any advice you would have for me? I'm just going to be doing it as a side job, and I would have to hire someone for the maintenance work for the h...
by ugaDAWGS09
Sun Jul 13, 2014 9:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here flip houses?
Replies: 40
Views: 5021

Re: vtmfx-Vanguard Tax Managed Balanced Fund

I don't like this particular fund, even in a taxable account. It is tax-efficient as long as you hold it, but it is more likely to become inappropriate for your holdings because it locks you into a specific allocation. If you hold the balanced fund and want to sell bonds (to hold bonds in your reti...
by ugaDAWGS09
Mon Jun 02, 2014 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: vtmfx-Vanguard Tax Managed Balanced Fund
Replies: 7
Views: 1475

Re: Need help picking taxable fund

I'm not trying to adjust my A/A but just wanted a fund or funds to invest extra money similar to the way someone would invest in a CD. I didn't think most people would include a CD as part of their asset allocation.
by ugaDAWGS09
Mon Jun 02, 2014 6:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Need help picking taxable fund
Replies: 7
Views: 650

Need help picking taxable fund

My situation is as follows: My wife and I are in our late 20's. We currently have about 170k in our 401k/Roth invested at a ratio of 80:20. We max out all our tax advantaged space each year, but I'm looking to add a taxable account. However, my wife wants us to invest in something with more return t...
by ugaDAWGS09
Sun Jun 01, 2014 9:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help picking taxable fund
Replies: 7
Views: 650

Re: Company bought out - should I roll my money into 401k or

When I called today to get a check made payable to fidelity, the guy was really pushing rolling into an IRA. So yes its definitely an option for me at this point. So I told him I would ask the smartest people I knew. :D
by ugaDAWGS09
Thu May 29, 2014 8:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company bought out - should I roll my money into 401k or IRA
Replies: 13
Views: 560

Re: Company bought out - should I roll my money into 401k or

Do you feel the large cap fund which tracks and s and p provides plenty of diversity. I know its not a total stock market fund but figured it would serve the same purpose.
by ugaDAWGS09
Thu May 29, 2014 8:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company bought out - should I roll my money into 401k or IRA
Replies: 13
Views: 560

Re: Company bought out - should I roll my money into 401k or

Thanks for the advice. I'm usually just below the phase out for the Roth IRA, but don't know anything about how a backdoor IRA works so that part confuses me. I just wanted to keep the money all in one place so it would grow along with my new contributions from myself and my employer each week. Howe...
by ugaDAWGS09
Thu May 29, 2014 8:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company bought out - should I roll my money into 401k or IRA
Replies: 13
Views: 560

Re: Company bought out - should I roll my money into 401k or

By the way, I'm 28 and my account has just reached 6 figures, and this is money I don't plan on ever needing for loans.
by ugaDAWGS09
Thu May 29, 2014 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company bought out - should I roll my money into 401k or IRA
Replies: 13
Views: 560

Company bought out - should I roll my money into 401k or IRA

My company has recently been bought out and I have to decide whether or not to roll my 401k into the new companies 401k or into an IRA. I really don't know the advantages vs disadvantages of each. The new 401k is through Fidelity and seems to have several good index options for large cap, small cap,...
by ugaDAWGS09
Thu May 29, 2014 5:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Company bought out - should I roll my money into 401k or IRA
Replies: 13
Views: 560

Re: Need help picking a bond fund for 401k

Thanks, I was thinking the same way. Invest in the lowest cost total bond market option available.
by ugaDAWGS09
Sat May 24, 2014 10:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Need help picking a bond fund for 401k
Replies: 5
Views: 413

Need help picking a bond fund for 401k

My company has recently switched over to Fidelity and I need help picking bond fund for my 401k. My options are as follows: PIM REAL RETURN INST (PRRIX) EXP .48 PIM TOTAL RETURN INST (PTTRX) EXP .46 VANGUARD TOTAL BND MARKET INST (VBTIX) EXP .07 BI-LO STABLE VALUE .36 (has an annual return of 2%, bu...
by ugaDAWGS09
Sat May 24, 2014 10:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Need help picking a bond fund for 401k
Replies: 5
Views: 413
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