Search found 17 matches

by cmoneymillz
Thu Mar 23, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Transferring funds from FA - question on canceling Anuity
Replies: 4
Views: 169

Re: Transferring funds from FA - question on canceling Anuity

Can't say for sure. You should probably get on the phone to find out. For what it's worth, I recently got my kids out of TransAmerica equity-indexed annuities that look similar. There was no surrender charge and they cut a check within a couple of business days. But you should call to make sure. Th...
by cmoneymillz
Thu Mar 23, 2017 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Transferring funds from FA - question on canceling Anuity
Replies: 4
Views: 169

Transferring funds from FA - question on canceling Anuity

Recently (3-4 months ago) moved $10k of my $80k account with FA into an Annuity. Didn't realize exactly what was happening at the time unfortunately, trying to rectify it now by taking control of my finances. Doing a total account transfer from FA --> Schwab Lucky, 2/3 of my funds transfer in-kind. ...
by cmoneymillz
Sun Mar 19, 2017 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Keep Financial Advisor or move to 3 Fund Portfolio?
Replies: 48
Views: 3713

Re: Keep Financial Advisor or move to 3 Fund Portfolio?

Thanks all! Been reading up on "transfer in kind" vs cashing out and bringing the money over. Most of my funds should transfer but he just put $10k in a TRANSAMERICA Life Insurance policy - wondering how difficult or what fees would be incurred with this transfer, which has netted +$450 so...
by cmoneymillz
Tue Mar 14, 2017 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: [Backdoor] Roth IRA fund choice
Replies: 2
Views: 215

[Backdoor] Roth IRA fund choice

Plan to open a backdoor roth for 16/17 ($11k total) in the next week or two. 27 yr old, 160k/yr salary Max out 401k yearly in the 2060 fund Taxable account 80% SCHB, 20% 4:1 SCHF:SCHE Plan to open the backdoor roth w Schwab since I have my "3 fund" portfolio of ETFs with them currently. Fo...
by cmoneymillz
Tue Mar 14, 2017 6:53 am
Forum: Investing - Help with Personal Investments
Topic: Schwab 3-4 Fund Portfolio
Replies: 8
Views: 1230

Re: Schwab 3-4 Fund Portfolio

Is the account taxable? Just did the same thing myself. Being overly aggressive at age 27, and being a taxable account, I chose to go w ETFs: 80% SCHB 20% 4:1 SCHF : SCHE Got some bond exposure through 401k 2060 fund Ps ETF allows for tax loss harvesting, and like mentioned above, less cap gains (be...
by cmoneymillz
Sun Mar 12, 2017 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth still confused on advantage
Replies: 16
Views: 1204

Re: Backdoor Roth still confused on advantage

OP, Because of your incomes, you will not be able to get tax deductions of your traditional IRA contributions ($5,500 each/year). You could still contribute to the traditional IRA, and not deduct it in your current year. Then you have 2 options: Leave the non-deductible traditional IRA as is until ...
by cmoneymillz
Sun Mar 12, 2017 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth still confused on advantage
Replies: 16
Views: 1204

Re: Backdoor Roth still confused on advantage

OP, Because of your incomes, you will not be able to get tax deductions of your traditional IRA contributions ($5,500 each/year). You could still contribute to the traditional IRA, and not deduct it in your current year. Then you have 2 options: Leave the non-deductible traditional IRA as is until ...
by cmoneymillz
Sun Mar 12, 2017 4:29 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth still confused on advantage
Replies: 16
Views: 1204

Backdoor Roth still confused on advantage

Did a lot of reading up on backdoor roth, as several peers recommended it and encouraged me to start one. Quick info - 27 yrs old, make $160k/yr salary in 28% tax bracket now. Max out 401k through employer ($110k in there now). Getting married in June, will bump me to 33% bracket ($160k plus $110k s...
by cmoneymillz
Tue Mar 07, 2017 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Schwab 3-fund vs Target Date vs Intelligent Portfolio
Replies: 8
Views: 857

Re: Schwab 3-fund vs Target Date vs Intelligent Portfolio

Schwab's new index-based target date funds are very nice, but my general opinion about target date funds is that they do not belong in a taxable investment account if you're in the 28% or higher tax bracket because of the bonds component that is not tax efficient. Also, you do not pay a trading com...
by cmoneymillz
Tue Mar 07, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Schwab 3-fund vs Target Date vs Intelligent Portfolio
Replies: 8
Views: 857

Re: Schwab 3-fund vs Target Date vs Intelligent Portfolio

All are potentially good choices. My only question is Tax Efficiency. You may want to consider the Schwab Index ETFs instead of Mutual Funds for your taxable account. SCHB (vs SWTSX) won't hit you with Short and Long Term Capital Gains. The International one (SWISX) looks OK. Tax efficiency is toug...
by cmoneymillz
Tue Mar 07, 2017 6:55 am
Forum: Investing - Help with Personal Investments
Topic: Schwab 3-fund vs Target Date vs Intelligent Portfolio
Replies: 8
Views: 857

Schwab 3-fund vs Target Date vs Intelligent Portfolio

Plan to move roughly $80k from a FA managed account to my own through Schwab. Also, moving my Chase checking ($30k) to Schwab checking ($10k) and the rest ($20k) in investments. So, roughly $100k going to Schwab. After a lot of reading and research, it seems like I have 3 options with them: 1) The H...
by cmoneymillz
Tue Mar 07, 2017 6:31 am
Forum: Personal Consumer Issues
Topic: Are Fiat Cars Junk?
Replies: 71
Views: 4772

Re: Are Fiat Cars Junk?

Fun, yes. Reliable? Meh.
I've heard many people complain of reliability, never anything positive.
However, that said, these cars are like honda civics in Italy - they are everywhere!

If you need something reliable, practical, and $ for a daily driver... 05-08 Acura TL :sharebeer
by cmoneymillz
Sat Mar 04, 2017 7:19 am
Forum: Personal Consumer Issues
Topic: Going to Tahiti and we're budget travelers
Replies: 41
Views: 3431

Re: Going to Tahiti and we're budget travelers

Also heading there myself next year for honeymoon. Some friends who have been previously recommended packing ramen for quick lunches vs spending $30 on a burger. I plan to pack some KIND bars to help satiate me between free daily breakfast and an anticipated pricey dinner. Others: use chase reward p...
by cmoneymillz
Fri Mar 03, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Keep Financial Advisor or move to 3 Fund Portfolio?
Replies: 48
Views: 3713

Re: Keep Financial Advisor or move to 3 Fund Portfolio?

Once again - big thank you to all those who have contributed towards reaffirming my switch to self management and a 3 fund strategy. It looks like I have a lot more reading and research to do, specifically regarding optimizing tax efficiency. In 28% bracket now, soon to be 33% after my June wedding ...
by cmoneymillz
Thu Mar 02, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Keep Financial Advisor or move to 3 Fund Portfolio?
Replies: 48
Views: 3713

Re: Keep Financial Advisor or move to 3 Fund Portfolio?

Wow - thank you all for the replies.
Been doing a lot of research, looks like im leaning toward 85% stock / 15% bond allocation.
Since I have a Schwab account now, likely will stick with them & do something like this:
65% SWTSX
20% SWISX
15% SCHZ
while continuing to max out 401k through work.
by cmoneymillz
Thu Mar 02, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: Keep Financial Advisor or move to 3 Fund Portfolio?
Replies: 48
Views: 3713

Re: Keep Financial Advisor or move to 3 Fund Portfolio?

I just switched Chase checking (did not like the $15k minimum w/o fees) to Schwab checking (main perks being no ATM fees and I frequently travel, no minimum fees, free checks). With Schwab, the checking is automatically linked with a brokerage account - my $$$ should be ready any day now to place in...
by cmoneymillz
Thu Mar 02, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Keep Financial Advisor or move to 3 Fund Portfolio?
Replies: 48
Views: 3713

Keep Financial Advisor or move to 3 Fund Portfolio?

Hi All! Quick bio: -26 yrs old -Make $160k/year -6% 401k match (maxing it out since 2013 - $105k currently in there) I've been using a family trusted financial advisor for the past 3 years (since starting work full time), until I decided I would do some research / due diligence myself. Came across t...

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