Search found 10 matches

by dodgersummer
Thu Jan 12, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Best Vangaurd Roth IRA?
Replies: 8
Views: 729

Re: Best Vangaurd Roth IRA?

You can set it up as a "brokerage" account and then invest in literally any exchange traded fund (ETF), Vanguard or otherwise. At 32 years old, I would just start out with about 90% VTI (total stock index) and 10% BND (bond index), but plan on adjusting the allocation toward bonds as you ...
by dodgersummer
Thu Jan 12, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Best Vangaurd Roth IRA?
Replies: 8
Views: 729

Re: Best Vangaurd Roth IRA?

I currently working on switching my ICMA roth IRA to a Vanguard roth IRA to decrease the fees and maximize my growth. (Vanguard says this can take up to four weeks to get changed over to them). What is the best thing to invest in for a Vanguard roth IRA? A target date retirement fund? Index funds? ...
by dodgersummer
Thu Jan 12, 2017 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 4293

Re: How to build passive income

My wife and I bought a 3 family as our first home (we sold it in 2015). While I would agree that it is not a passive activity, in my experience some here are overstating the amount of time required. The big caveat is to put in the work upfront: buy at the right price, and if you can afford it, buy ...
by dodgersummer
Thu Jan 12, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Best Vangaurd Roth IRA?
Replies: 8
Views: 729

Best Vangaurd Roth IRA?

I currently working on switching my ICMA roth IRA to a Vanguard roth IRA to decrease the fees and maximize my growth. (Vanguard says this can take up to four weeks to get changed over to them). What is the best thing to invest in for a Vanguard roth IRA? A target date retirement fund? Index funds? I...
by dodgersummer
Thu Jan 12, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 4293

Re: How to build passive income

What is the best way for someone to build passive income with about $30,000 in cash savings that is 32 years old? I want to build wealth instead of getting the 1 percent interest in my saving account. I'm leaning toward a rental property. Is that cash in addition to your Emergency Fund, or is it yo...
by dodgersummer
Tue Jan 10, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 4293

Re: How to build passive income

"I'm curious about this too. Are there other options besides rental properties?"

I'm open to anything that will generate the best passive income for me. My thinking is a rental property but I'm open to any suggestions (stocks, bonds, etc).
by dodgersummer
Tue Jan 10, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 4293

Re: How to build passive income

"If 1% is not good enough, what rate is good for passive? What risk do you want to take and how much access to the money do you need? You can now get over 2% with 5-year CDs." Locking up money for 5 years for only 2% seems like a long time to tie up money that likely will not even keep pac...
by dodgersummer
Tue Jan 10, 2017 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: How to build passive income
Replies: 45
Views: 4293

How to build passive income

What is the best way for someone to build passive income with about $30,000 in cash savings that is 32 years old? I want to build wealth instead of getting the 1 percent interest in my saving account. I'm leaning toward a rental property.
by dodgersummer
Tue Jan 10, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: ICMA retirement transfer to Vanguard [457 plan administrator]
Replies: 6
Views: 352

ICMA retirement transfer to Vanguard [457 plan administrator]

I'm a gov't employee with a pension, 457k plan, and roth ira all through ICMA. From reading on here, it seems that switching my roth ira from ICMA to vanguard is the best thing for me. Is this complex to with a roth ira from one company to vanguard? TIA
by dodgersummer
Tue Jan 10, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: Best financial move?
Replies: 1
Views: 498

Best financial move?

I'm 32 years old, steady income (without much room for income growth) with a gov't pension. I have a 5 year old son in private school (about $6,000 a year). Wife makes minimal money as a waitress. What is my best financial move for me with the following details: -I have owned my home for almost 4 ye...

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