Search found 7 matches

by Idesire2FIRE
Mon Nov 13, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Generation Skipping Trusts
Replies: 7
Views: 1058

Re: Generation Skipping Trusts

Thank you to everyone that responded and to Gill for the concise explanation. Is the interest on the GST taxed at the parent's income rate or can it be left in the GST and continue to grow? Can the interest be transferred into the grandchildren's' 529 to be used by them and anything left over go to ...
by Idesire2FIRE
Sun Nov 12, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Generation Skipping Trusts
Replies: 7
Views: 1058

Generation Skipping Trusts

Can you direct me to the wiki or a website that can help me understand the pros/cons of a Generation Skipping Trust?
Thank you for your time.
by Idesire2FIRE
Tue Jul 18, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: $100K+ increase in salary- Need help with investments
Replies: 16
Views: 3432

Re: $100K+ increase in salary- Need help with investments

One thing I noticed: you're not contributing to your Roth IRAs because of the income limit. Consider using the backdoor Roth technique to get around this. https://www.bogleheads.org/wiki/Backdoor_Roth_IRA They have two tIRAs, with current balances of approximately $32k and $88k respectively. Doing ...
by Idesire2FIRE
Tue Jul 18, 2017 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: $100K+ increase in salary- Need help with investments
Replies: 16
Views: 3432

Re: $100K+ increase in salary- Need help with investments

How much time do you plan to set aside to re-balance your current account portfolios? Looks very tedious to me. I would consider all your accounts as one portfolio and have the small accounts include a single holding and then use the larger account(s) for re-balancing. The 3 fund portfolio is a win...
by Idesire2FIRE
Sun Jul 16, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: $100K+ increase in salary- Need help with investments
Replies: 16
Views: 3432

Re: $100K+ increase in salary- Need help with investments

b42- I will update the post with your suggestions. Thank you!
by Idesire2FIRE
Sun Jul 16, 2017 10:56 am
Forum: Investing - Help with Personal Investments
Topic: $100K+ increase in salary- Need help with investments
Replies: 16
Views: 3432

$100K+ increase in salary- Need help with investments

Our combined salary has increased by over $100K in the last 18 months. We started saving most of the extra income but need help streamlining the investments options in our accounts. Emergency funds: 6+ months of expenses Debt: mortgage-$210K - 15 YR @ 3.00%. $400K equity. Currently paying at 10YR ra...