Search found 26 matches

by jon1212
Sat Apr 22, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Roth IRA Vs Personal Account

Hello guys, on my other thread I got tons of great information, and I just need to find one one more thing (at least for now).. The other thread was getting long also, so this is here simplified with one question. For investing in a business OR a multi family house which I would also live in (which ...
by jon1212
Fri Apr 21, 2017 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

Thanks to all. I called Vanguard earlier today and in regard to the Roth Vs Personal account they said that a Roth can be used to take out the principle amount + the capital gains for a house if you have it for 5+ years. If it's a house I would also rent out it would be considered an investment prop...
by jon1212
Fri Apr 21, 2017 6:41 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

Thanks again Emily (I also Pm'd you) So, everyone, for the purpose of possibly investing in either a business or a multi family house where I would live in the house as well, am I better off putting money towards a Roth account, or a personal account? Either way I figure I will start with a Target f...
by jon1212
Thu Apr 20, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

Thanks Emily. I sent you another PM! I am going to mainly contribute to my TDA fire and foremost. Second, so I know I will use the Lifestrategy growth fund or a target fund. My only other question now is whether to do a Roth or personal account and take money out for when I want things (i.e. to buy ...
by jon1212
Thu Apr 20, 2017 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

Thank you again Emily (I actually PM'd you right before I saw this)-- sorry! So, witth all your information - I will say, yes I do want another income stream and I do want to save to pay off my car, and buy a house (I want to buy a 2-3 family house to rent out 1-2 sides) and money to keep for a poss...
by jon1212
Thu Apr 20, 2017 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

Update: Okay, I'm learning a lot. Now, I understand that Vanguard has EFT's not just mutual funds. I originally wanted to put my money in as a certain allocation but I thought I couldn't do that without a minimum of 3,000 per fund AKA in VTSMX. (I wanted 3 different funds) Now, I know that with the ...
by jon1212
Thu Apr 20, 2017 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

I just realized that the etrade route wouldnt be ideal because every month if i needed to rebalance to get to 70/30 stocs/bonds there would be a fee I would have to pay to buy and sell. So it makes more sense to just get one or more of vanguards funds. You shouldn't need to be rebalancing monthly. ...
by jon1212
Thu Apr 20, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

I just realized that the etrade route wouldnt be ideal because every month if i needed to rebalance to get to 70/30 stocs/bonds there would be a fee I would have to pay to buy and sell. So it makes more sense to just get one or more of vanguards funds. So, wouldnt it make sense then to possible just...
by jon1212
Thu Apr 20, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

You're looking to create passive income streams with your investments, and asking how you might do so in your daily life in addition to investing for retirement. A passive income stream from some investment (stocks, bonds, or real estate) is dependent upon how much initial capital you invest and th...
by jon1212
Thu Apr 20, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

So, would a solid plan be to keep using 10% of my check for my TDA from my job and open up an additional Roth account? But like I said, the only problem is that I wouldn't get to take out my capital gains/earnings on a Roth account which makes me to think maybe its better to do a personal account in...
by jon1212
Thu Apr 20, 2017 8:47 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

I'm assuming that if you make over a certain amount you don't qualify for Roth IRA investment? So, if I make less than whatever that amount is, I should open up a Roth IRA account with vangaurd? (I thought it was either an IRA account OR a Roth account) But, then I would need to add 5500 a year, wh...
by jon1212
Thu Apr 20, 2017 7:35 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

GOtcha, thanks, so the only downside is that i'm not earning income right now or in the shorter term from the Roth.. because I can't access the capital gains until I retire.. So, I wanted an investment that I could make money right now or in the shorter run. I understand the advantages to the Roth, ...
by jon1212
Thu Apr 20, 2017 7:24 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

Okay, sorry for posting again but I think i've come to a conclusion.. keyword: think. If I keep investing 10% of my check in my TDA that will be for my retirement money along with my pension. And, for money for now, instead of putting money in the bank I will set up a personal account with target fu...
by jon1212
Thu Apr 20, 2017 6:44 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

If you don't make too much money to qualify for Roth IRA investment, that would be better than a regular account. Your contributions, but not earnings, could be removed at any time with no tax or penalty. The gains can usually be removed after 59 1/2 and then would never be taxed. You could set it ...
by jon1212
Thu Apr 20, 2017 6:40 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

If you don't make too much money to qualify for Roth IRA investment, that would be better than a regular account. Your contributions, but not earnings, could be removed at any time with no tax or penalty. The gains can usually be removed after 59 1/2 and then would never be taxed. You could set it ...
by jon1212
Wed Apr 19, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

Thannks Bham, I am thinking of long term but also short-mid term. So based on all of the suggestions what do you guys think if I do the following: Retirement: My NYC Pension (for as long as I keep the job) + my TDA (Tax Defered Annunity making 7%) and allocating 10% of my check to it. (for as long a...
by jon1212
Wed Apr 19, 2017 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

And would it not be wise to have another account, like a Vanguard Lifestrategy or Target fund as a separate retirement account from my pension assuming I don't stay at my job?>
by jon1212
Wed Apr 19, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

Great advice and will do. And if i want to make money for now as in increase my total revenue- would you suggest i pick something else other than investing in index funds like vanguard?

My plan was to have my TDA for retirement and invest in index funds now to earn some cash on top of my income..
by jon1212
Wed Apr 19, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

Thanks, So your saying max out my TDA because its a guarentee 7 percent vs index stock which I might make more, I might make less? And thats fine and good and all the only problem is, Its only for log term and retirement, .. i cant take it out without a penalty. Also, i may end up staying in this jo...
by jon1212
Wed Apr 19, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

Let me clarify. I have a NYC pension. Then, I have a TDA (Tax Deferred Annunity) that I get 7% on my money, but you can only touch it once you retire. (I believe this is considered 403b)My employer aka the NYC Department of Education does NOT contribute anything, but I make 7% with the fixed return....
by jon1212
Wed Apr 19, 2017 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

I hope this helps so I can get some good advice! ..
by jon1212
Wed Apr 19, 2017 11:47 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

I have a NYC Pension,..for the Department of Education- I don't know how that is classified..

Our Tax Deferred Annuity where we can contribute money from our checks and get 7% is a 403b..

I hope this helps..
by jon1212
Wed Apr 19, 2017 9:14 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

Okay thanks guys, I checked out the Vanguard Target funds and I have an idea. Please tell me what you guys think: I will take out my $1500 from betterment, and I will put it towards the Vangaurd Target 2035 fund with is 80% stock 20% bond.. I will do this and keep adding $200 a month to the account....
by jon1212
Wed Apr 19, 2017 7:34 am
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

Re: 29 Year old New Investor Needs help- Vanguard Index Funds

Thank you for the great responses guys. I will definitely check out those books. I do add to my betterment account 200$ the 15th of every month- I think its a 403b but i'm not sure- its not for retirement. As far as the target fund, what exactly is this? Is this a better option for me than the life ...
by jon1212
Tue Apr 18, 2017 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: 29 Year old New Investor Needs help- Vanguard Index Funds
Replies: 47
Views: 4508

29 Year old New Investor Needs help- Vanguard Index Funds

Hey all, I am a 29 year old male, and a new investor. I currently just put $200 a month into my betterment account. I am a teacher and I currently make $65,000 per year. I have started reading Benjamin Graham's Inteligent Investor, and recently I finished The Millionaire Teacher. Long story short, I...