Search found 17 matches

by Invest2016
Sat Jun 16, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: What to do with the family wagon
Replies: 16
Views: 1384

Re: What to do with the family wagon

Mechanic says the Valve Lifter Oil Manifold is not soing it’s job so the lifters are not getting enough oil pressure. The cost to replace is only $800. If this works, I will take it to Carmax and see what I can get.
I will pay the loan down to even for sure and likely keep it for 5 years more or so.
by Invest2016
Sat Jun 16, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Auto Accident Settlement
Replies: 7
Views: 863

Re: Auto Accident Settlement

I am an injury lawyer. Find an injury lawyer first thing Monday. I have seen what you are trying to do go bad so many times as far as case value goes. $1200 is less than I settle cases for In conservative Utah for a paint scratch on a bumper. This seems like a decent size accident. Has the medical t...
by Invest2016
Fri Jun 15, 2018 10:44 pm
Forum: Personal Consumer Issues
Topic: What to do with the family wagon
Replies: 16
Views: 1384

What to do with the family wagon

Gang, I have been on the boggle program for a few years now. Your investment advice has my family on a great path. I can’t thank you enough! I put about $5500 into the market monthly. $80k emergency fund. “It” has hit the fan a little lately. We started a $20k landscaping job at our house. At the sa...
by Invest2016
Sat Jun 17, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: So sick of it! [Paying off student loans]
Replies: 42
Views: 8193

So sick of it! [Paying off student loans]

Gang, Your input on finances since I discovered this website has helped a lot. I am blessed with a great income. Let me tell you what is going on and what I am sick of! Let me give you some details first... Yearly investing - I am basically happy with this for now at 34yo. 18.5 k 401k + 25% match 11...
by Invest2016
Tue Mar 28, 2017 1:06 am
Forum: Investing - Help with Personal Investments
Topic: Is it time to stop investing in the 529?
Replies: 12
Views: 2611

Re: Is it time to stop investing in the 529?

Take full ride scholarship to U of U. Put all money saved towards grad school in field of her choice.
by Invest2016
Fri Feb 17, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: BD Roth IRA
Replies: 7
Views: 414

Re: BD Roth IRA

retiredjg wrote:
Invest2016 wrote:My income is high enough not to qualify for any deduction in Tira.
Is it also too high to contribute directly to Roth IRA? That limit is quite a bit higher.
I think so. I made 407k in 2016.
by Invest2016
Fri Feb 17, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: BD Roth IRA
Replies: 7
Views: 414

BD Roth IRA

Hello, I need to set up a BD Roth IRA. I have read a lot about it on this website and others. I just want to be clear on a few things. My income is high enough not to qualify for any deduction in Tira. Here are my questions: 1. Why not just leave my money in a Tira rather than convert it using BD? S...
by Invest2016
Mon Dec 19, 2016 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Is Personal Injury Protection Necessary?
Replies: 7
Views: 1648

Re: Is Personal Injury Protection Necessary?

I am a personal injury attorney in Utah. The laws are different in every state. In Utah, it is good to have PIP because it offers $3,000 for inital medial treatment or more if people buy it. Why should you have to use your health insurance and be subject to copays, etc for an accident you did not ca...
by Invest2016
Thu Dec 15, 2016 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: New 401k admin
Replies: 1
Views: 241

New 401k admin

My employer now has ADP taking care of our 401k plan. The default fund for me is the TR Price 2050.

Should I go with this or a growth or aggressive growth?

I'm a fine with a lot of risk because I am just 34 yo.

Trying to decide if I should mess with changing it or just stick with the 2050.
by Invest2016
Thu Dec 08, 2016 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Other investments?
Replies: 5
Views: 767

Re: Other investments?

You didn't seem to mention regular (taxable; non-tax-advantaged, as in not a 401k or IRA or similar) investment accounts. You can easily set up a couple more mutual funds or ETFs there and go on your merry way. Or were you asking about ideas other than that? Yeah, this is what I am looking at. Ther...
by Invest2016
Thu Dec 08, 2016 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Other investments?
Replies: 5
Views: 767

Other investments?

Thanks for your help... Just turned 34. $400k income. I have some debt at very low rates mortgage, auto, student loans. I am going to pay them monthly based on the rates and payments. Plus, I just don't feel like paying them off faster right now. 2017 plan - Max out traditional 401k with 25% employe...
by Invest2016
Wed Dec 07, 2016 10:36 pm
Forum: Investing - Theory, News & General
Topic: 401k contributions
Replies: 5
Views: 952

401k contributions

Some guy at work is trying to tell me traditional 401k contributions for 2016 can be made until tax day in 2017. Then he thinks he is eligible to contribute another $18,500 between April 16 and December 31 for 2017. Is this correct? I think he is nuts! I might be eating crow tomorrow I guess.
by Invest2016
Thu Dec 01, 2016 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: ADP 401k
Replies: 1
Views: 347

ADP 401k

My employer is switching to ADP for its 401K plan starting in January. Any specific recommendations on what I should use within ADP to grow my money?

34 years old
I will max it out and my employer matches at 25%.

What should I do?
by Invest2016
Sun Nov 27, 2016 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I hold in savings/ student loan help?
Replies: 9
Views: 1428

Re: How much should I hold in savings/ student loan help?

Sofi just approved my $100k loan at 2.5% for 5 years. I have been paying 6.8%! I will pay the $30k debt this week. I can still accelerate the payments on the $100k even with maxing out the 401k my employer matches at 25% and my BD IRA. 2017 plan - Maintain 2016 income Max 401k with match Max BD IRA ...
by Invest2016
Sun Nov 27, 2016 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I hold in savings/ student loan help?
Replies: 9
Views: 1428

Re: How much should I hold in savings/ student loan help?

Let's say my monthly expenses are $9,000 per month. This includes $1,500 in minimum student loan payments. How much of my $130,000 in savings would you apply to the loans today?
by Invest2016
Sat Nov 26, 2016 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I hold in savings/ student loan help?
Replies: 9
Views: 1428

How much should I hold in savings/ student loan help?

I make around 400k per year which started this year. In 2017 I will max the 401k and match as well as a BD IRA. I have $130,000 in student loans. I have around $130,000 in my savings account which is gaining next to nothing in interest. I have a mental block about letting this go below $100,000 whic...
by Invest2016
Fri Nov 25, 2016 2:53 am
Forum: Investing - Help with Personal Investments
Topic: Please Help [Portfolio help]
Replies: 5
Views: 878

Please Help [Portfolio help]

Hello, I need some direction please. I am 33 years old and am five years out of law school. I was able to earn 400k this year and will be able to continue this i believe. I know very little about investing money. Here are my financial details - 400k income 401k max this year with 25% employer match ...