Search found 70 matches

by mx711yam
Wed Jan 06, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Just made IRA contribution, then converted to Roth... for my wife
Replies: 27
Views: 2045

Re: Just made IRA contribution, then converted to Roth... for my wife

Haha this describes my wife completely. I try to do weekly financial updates with her, to which she mocks me, rolls her eyes, and says borrrriiinngg. She hasn't even paid a bill since the day we got married. She even acts like your wife after the talk. She will ask if the amount of money we have sav...
by mx711yam
Mon Dec 28, 2015 11:46 pm
Forum: Investing - Theory, News & General
Topic: Roth 401k over traditional 401k and taxable?
Replies: 3
Views: 380

Re: Roth 401k over traditional 401k and taxable?

That's exactly what I was looking for. Thank you!
by mx711yam
Mon Dec 28, 2015 10:16 pm
Forum: Investing - Theory, News & General
Topic: Roth 401k over traditional 401k and taxable?
Replies: 3
Views: 380

Roth 401k over traditional 401k and taxable?

I was just thinking tonight that I could put away more money in a Roth 401k than a traditional 401k. Everyone says invest in traditional because of your tax bracket and then invest in a taxable account after. What if you invested everything in a Roth instead of investing in both a traditional 401k a...
by mx711yam
Fri Oct 30, 2015 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Estate Attorney recommendations - Austin, TX
Replies: 8
Views: 710

Re: Estate Attorney recommendations - Austin, TX

No i most definitely won't trigger the estate tax upon death. I'm thinking due to having 2 small children under 2, we would need something set up to transfer the money to an account where a custodian could withdraw what was needed so they had some left when they were grown if my wife and I pass away.
by mx711yam
Fri Oct 30, 2015 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Estate Attorney recommendations - Austin, TX
Replies: 8
Views: 710

Re: Estate Attorney recommendations - Austin, TX

Wow, good to know, thank you. I guess I'll save my money and make it work with the will we have in place. Thank you
by mx711yam
Tue Oct 27, 2015 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Attorney recommendations - Austin, TX
Replies: 8
Views: 710

Estate Attorney recommendations - Austin, TX

I'm looking for an estate attorney in Austin. I have been referred to one individual but I'm not sure how good she is. I have a will, but I'm assuming I need a trust as well?

Thanks for any help
by mx711yam
Tue Sep 01, 2015 1:02 pm
Forum: Personal Consumer Issues
Topic: New SUV, $50G, Pilot/Highlander/Other
Replies: 75
Views: 8545

Re: New SUV, $50G, Pilot/Highlander/Other

I just drove one of the new Tahoes for a week as a rental vehicle. It was incredible and we are going to have to upgrade from the 2011 Jeep Grand Cherokee to one. The size of the interior is just phenomenal. However you are going to spend more than 50,000 for one with leather. I'm planning on waitin...
by mx711yam
Thu Aug 27, 2015 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement with a pension
Replies: 38
Views: 4848

Re: Early retirement with a pension

I'm a Trooper in Texas and I was in kind of the same situation a few months back. Mine was to continue with my job for the next 10 years so I can get a pension or leave and do something else now. I decided to stay because it's hard to pass up a pension with benefits. I think you need to ride it out,...
by mx711yam
Fri Aug 14, 2015 11:54 am
Forum: Investing - Theory, News & General
Topic: When do you notice the compounding at work?
Replies: 52
Views: 7855

When do you notice the compounding at work?

I have about 180k in our retirement accounts. I haven't seen much growth at all in these accounts over the last year or two apart from my contributions. At what point or dollar range do you start to actually see the magic of compounding work?

Assume I have a basic three fund portfolio.

Thanks
by mx711yam
Sun Mar 01, 2015 10:41 am
Forum: Investing - Help with Personal Investments
Topic: Should I buy service time for retirement?
Replies: 7
Views: 1466

Re: Should I buy service time for retirement?

Wow those were very good assumptions. Yes, I am a State Police Officer in Texas. I do not like my job and am ready to get out asap, which is why buying service credit seemed to make sense. In no way will I work a day over my 20 years in the system. So the way it works, is I can put in the 17 years p...
by mx711yam
Sat Feb 28, 2015 1:03 am
Forum: Investing - Help with Personal Investments
Topic: Should I buy service time for retirement?
Replies: 7
Views: 1466

Should I buy service time for retirement?

So in three years, I will have the option to buy 3 years of service credits. This would essentially allow me to retire ten years from now after putting in 17 years as a Police Officer and get credit for 20 years of service. Our pension system works with a 2.8% multiplier, so I would be getting 8.4% ...
by mx711yam
Sat May 03, 2014 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: First Taxable account being opened - VWITX?
Replies: 8
Views: 1194

Re: First Taxable account being opened - VWITX?

Sorry guys I think I threw it off not including my full picture. I have an 8 month emergency fund in place as well as a high five figure Roth IRA and both of our Roth IRAs have been fully funded this year already. This is just extra money that my wife doesn't want to lock away in our 401. We want to...
by mx711yam
Sat May 03, 2014 9:13 am
Forum: Investing - Help with Personal Investments
Topic: First Taxable account being opened - VWITX?
Replies: 8
Views: 1194

First Taxable account being opened - VWITX?

I am about to open my first taxable account. We don't max all of our tax advantaged space yet due to a possible change in employment for my wife in the next three years. So the money we are saving for the taxable will be held for a minimum of three years, but hopefully we won't even have to tap it t...
by mx711yam
Thu Feb 20, 2014 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: What's the Appropriate Net Worth by % for a 27 year old?
Replies: 78
Views: 11412

Re: What's the Appropriate Net Worth by % for a 27 year old?

Good god, what profession are you guys in...300k by age 30? WOW. Guessing finance... I'm actually a state police officer, so I don't make that much. Wife has a decent job, makes about as much as me. But I agree with tj I bought two homes that turned into rentals in 2009 and 2010 and a third home in...
by mx711yam
Thu Feb 20, 2014 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: What's the Appropriate Net Worth by % for a 27 year old?
Replies: 78
Views: 11412

Re: What's the Appropriate Net Worth by % for a 27 year old?

I turned 28 last week.

Net worth 280k.

100k retirement
20k cash
160k real estate

No windfall, student loans approximately 16k when I graduated. 2 income family.
by mx711yam
Thu Jan 30, 2014 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Austin area CPA?
Replies: 2
Views: 316

Austin area CPA?

Sorry if this is the wrong forum to post this. Does anyone in the north Austin area know of a good CPA to do personal taxes? I have two rental properties so I can never complete them very well on my own. Thanks in advance
by mx711yam
Wed Jan 29, 2014 10:28 pm
Forum: Investing - Theory, News & General
Topic: does capital gains effect tax bracket?
Replies: 20
Views: 12600

Re: does capital gains effect tax bracket?

Sorry for it being a noob topic I just haven't ever messed with capital gains. My concern is when I sell a rental property I will have about 20k after capital gains of 15% are paid. I'm just wondering if this 20k will count again as my income. Example, if my income for 2014 is 140k and I have 20k of...
by mx711yam
Wed Jan 29, 2014 12:23 pm
Forum: Investing - Theory, News & General
Topic: does capital gains effect tax bracket?
Replies: 20
Views: 12600

Re: does capital gains effect tax bracket?

I didn't know it was so difficult to understand. Ok I will download that program and see what it shows. Thanks for the responses
by mx711yam
Wed Jan 29, 2014 10:16 am
Forum: Investing - Theory, News & General
Topic: does capital gains effect tax bracket?
Replies: 20
Views: 12600

Re: does capital gains effect tax bracket?

That thread isn't asking what I'm asking.

My question is not how much tax I owe on the capital gains. I'm asking if the capital gains will move me from say the 25% tax bracket to the 28% or if it's not counted towards my earned income.
by mx711yam
Wed Jan 29, 2014 10:03 am
Forum: Investing - Theory, News & General
Topic: does capital gains effect tax bracket?
Replies: 20
Views: 12600

does capital gains effect tax bracket?

Sorry if this has been answered I searched and couldn't find it. Do long term capital gains effect your tax bracket?
by mx711yam
Wed Jan 22, 2014 1:33 am
Forum: Investing - Help with Personal Investments
Topic: 20k, help with placement - mortgage/pmi vs 401k - POLL
Replies: 9
Views: 573

Re: 20k, help with placement - mortgage/pmi vs 401k - POLL

Good points that were raised, thanks for the input. If I throw the 20k to the mortgage they will trove pmi without another appraisal bc they would use my original. I also have the option of getting another appraisal due to the improvements we made and then paying down to that figure, but I really do...
by mx711yam
Tue Jan 21, 2014 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: 20k, help with placement - mortgage/pmi vs 401k - POLL
Replies: 9
Views: 573

Re: 20k, help with placement - mortgage/pmi vs 401k - POLL

No I won't be able to max everything in the future, but hopefully her 401 and my 457 plus the Roth iras. Definitely not the second 401k.

And I believe I would had to throw the whole 20k, I think they said I have to be like 75 ltv to remove it.
by mx711yam
Tue Jan 21, 2014 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: 20k, help with placement - mortgage/pmi vs 401k - POLL
Replies: 9
Views: 573

Re: 20k, help with placement - mortgage/pmi vs 401k - POLL

Sorry I didn't clarify. Everything will be maxed either way except the 401k if I pay the mortgage. So two roth iras, one 401k and one 457. The second 401 would be maxed with the 20k. If I do the mortgage payment instead I won't max that second 401. 20k is after every expense. 25% tax bracket, loan 2...
by mx711yam
Tue Jan 21, 2014 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: 20k, help with placement - mortgage/pmi vs 401k - POLL
Replies: 9
Views: 573

20k, help with placement - mortgage/pmi vs 401k - POLL

We are about to sell a rental property and net proceeds will be around 20k. Currently my wife and I are going to max out her 401k, and my 457 and our two Roth IRA's before factoring in this 20k. With this additional 20k we might be put into the phase out for the child tax credit. I know 1,000 isn't ...
by mx711yam
Sat Jan 18, 2014 11:43 pm
Forum: Investing - Theory, News & General
Topic: Which investment would you choose?
Replies: 21
Views: 2458

Re: Which investment would you choose?

I have Wellington admiral offered in my 401k and 457. Work for the state of Texas.
by mx711yam
Fri Jan 10, 2014 2:18 pm
Forum: Investing - Theory, News & General
Topic: total stock vs sp500 and extended market?
Replies: 19
Views: 3616

Re: total stock vs sp500 and extended market?

Wow that wiki was incredibly helpful I didn't find that one when I was looking. Thank you guys for the responses.
by mx711yam
Fri Jan 10, 2014 1:48 pm
Forum: Investing - Theory, News & General
Topic: total stock vs sp500 and extended market?
Replies: 19
Views: 3616

total stock vs sp500 and extended market?

How much different is total stock (vtsmx) vs combining the sp500 index (vfinx) and extended market index (vexmx)?
by mx711yam
Thu Jan 09, 2014 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab PCRA through 401k?
Replies: 9
Views: 542

Re: Schwab PCRA through 401k?

Thanks for replies. Apparently with my plan they will let me have vanguard funds at the cost of 50 bucks a purchase. Zero monthly fees however. Or I can do their funds for no fee at all. I don't have good international options in my 401k so I thought I would use this option for my international allo...
by mx711yam
Thu Jan 09, 2014 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab PCRA through 401k?
Replies: 9
Views: 542

Schwab PCRA through 401k?

It looks like we now have the options of investing through our 401k into a Schwab PCRA. Anyone know anything about this or had any experience? They said they have a list or no load and no transaction funds. Here is a list of the main ones: SWPPX Schwab® S&P 500 Index 0.09% SWTSX Schwab Total Sto...
by mx711yam
Mon Jan 06, 2014 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Texas - trust or will?
Replies: 5
Views: 530

Re: Texas - trust or will?

Thanks for the reply.

We have a will already I just don't know the extent of the trust when it comes to probate courts in Texas. I have heard other states a trust is a must but that Texas you could go either way. I don't want to spend the money unless it's necessary.
by mx711yam
Mon Jan 06, 2014 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Texas - trust or will?
Replies: 5
Views: 530

Texas - trust or will?

I am located in Texas and need advice if a will is sufficient or if I need a trust. Approximate estate is 245k, married, 1 child.

Also what expense could I expect if I need a trust?
by mx711yam
Thu Jan 02, 2014 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio checkup and advice for 2014
Replies: 1
Views: 336

Portfolio checkup and advice for 2014

I had great advice when I posted last year, looking for a small bit of advice on where to allocate my Roth IRA to this year. I'm about to hit a 6 figure portfolio with my Roth IRA contribution (before the contributions for this year). I will list the % with what I will be contributing to them this y...
by mx711yam
Mon Dec 23, 2013 12:52 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about chucking it all and going Wellington
Replies: 72
Views: 8659

Re: Thinking about chucking it all and going Wellington

I know what you're thinking because I have changed all of my 401k contributions to Wellington and it has given me piece of mind. I have a lot of faith in the fund and wish it was offered in my wife's plan. However I do contribute to international in our roth iras
by mx711yam
Sat Nov 23, 2013 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed - long term taxable?
Replies: 11
Views: 830

Re: Advice needed - long term taxable?

Does it make sense to not max out our 401k's next year to open a taxable account? I think having the option to get the money out if I need it will give me more piece of mind than having a huge retirement account that I can't liquidate if need be. I know I can do that with our Roth iras but I don't w...
by mx711yam
Fri Nov 22, 2013 9:07 am
Forum: Investing - Help with Personal Investments
Topic: Advice needed - long term taxable?
Replies: 11
Views: 830

Re: Advice needed - long term taxable?

TSM might be the best choice, but I would select both TSM and Total International for this account. I would not automatically reinvest dividends, but would take them in cash and use them to buy the shares needed for rebalancing one's entire portfolio. I would also tax-loss harvest as opportunities ...
by mx711yam
Wed Nov 20, 2013 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Advice needed - long term taxable?
Replies: 11
Views: 830

Re: Advice needed - long term taxable?

Sorry I should have clarified I have already maxed both roth iras for this year and have the money set aside for next year. This twenty thousand would be money left over after that. I don't want it in bonds, I plan on getting to my asset allocation on bonds through Wellington, eventually. So TSM wou...
by mx711yam
Wed Nov 20, 2013 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Advice needed - long term taxable?
Replies: 11
Views: 830

Advice needed - long term taxable?

I'm about to sell one of my rental properties and after all taxes and fees will have roughly 20,000. I want to invest this money long term for retirement but don't want it tied up to the point I couldn't take it out if I wanted which is why I am thinking taxable. Here is our current scenario snapsho...
by mx711yam
Mon Nov 11, 2013 8:28 pm
Forum: Investing - Theory, News & General
Topic: average monthly brokerage fee for 401k plans?
Replies: 4
Views: 491

average monthly brokerage fee for 401k plans?

My 401k/457 plan is charged a monthly "management" fee of 16 bucks for any amount of money over 64k. My wife's plan only charges 50cents. So what's a normal rate?
by mx711yam
Mon Nov 11, 2013 7:57 am
Forum: Investing - Theory, News & General
Topic: roth vs pretax investing with future pension?
Replies: 23
Views: 1432

Re: roth vs pretax investing with future pension?

I think I would due to the sale of the rent house and profits from it?
by mx711yam
Sun Nov 10, 2013 9:34 pm
Forum: Investing - Theory, News & General
Topic: roth vs pretax investing with future pension?
Replies: 23
Views: 1432

Re: roth vs pretax investing with future pension?

Ok that makes sense now. So then would it be beneficial for me to just change all future 401 and 457 contributions to pretax
by mx711yam
Sun Nov 10, 2013 8:34 pm
Forum: Investing - Theory, News & General
Topic: roth vs pretax investing with future pension?
Replies: 23
Views: 1432

Re: roth vs pretax investing with future pension?

So I just read about the child phase out which I did not know about since this is my first kid. So does that mean I would get a 1,000 credit, or 1,000 off of my agi? I did not even know there was a 30% bracket. Am I missing something here? I have no idea what we will make next year as my wife's inco...
by mx711yam
Sun Nov 10, 2013 3:09 pm
Forum: Investing - Theory, News & General
Topic: roth vs pretax investing with future pension?
Replies: 23
Views: 1432

Re: roth vs pretax investing with future pension?

Wow didn't realize it wouldn't be generic. Sorry I'm still learning. Yes I plan to retire in Texas so no state income tax. My pension will start as soon as I retire. There is no way to delay it to my knowledge. My pension will be below the one hundred thousand mark. I estimate it to be about 60,000....
by mx711yam
Sun Nov 10, 2013 5:26 am
Forum: Investing - Theory, News & General
Topic: roth vs pretax investing with future pension?
Replies: 23
Views: 1432

roth vs pretax investing with future pension?

I'm general, if you expect a pension and possible social security to have you in the 25% tax bracket when you retire and you're in the 25% tax bracket now, should you be contributing pretax to your 457/401 or use the Roth option?
by mx711yam
Fri Nov 01, 2013 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling like I am forced to contribute more to retirement?
Replies: 82
Views: 6892

Re: Feeling like I am forced to contribute more to retiremen

I must say after reading all of your posts I feel much better, especially since a few others have gone through the same feelings. I sent my wife the link to the article that was posted earlier and she said that sounded exactly like me in regards to trying to save so much sometimes you aren't enjoyin...
by mx711yam
Fri Nov 01, 2013 12:32 pm
Forum: Investing - Help with Personal Investments
Topic: Feeling like I am forced to contribute more to retirement?
Replies: 82
Views: 6892

Re: Feeling like I am forced to contribute more to retiremen

Thank all of you for the interesting responses. I know I should not compare myself but it's hard not to. I'm 27 and I assume most people on this forum are older but I read net worth threads and feel like I'm so far behind. I forget to factor in age, I guess. These forums help me stay motivated I jus...
by mx711yam
Fri Nov 01, 2013 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Feeling like I am forced to contribute more to retirement?
Replies: 82
Views: 6892

Feeling like I am forced to contribute more to retirement?

I will preface by saying that I do not make the kind of money to max out two separate 401k and two Roth IRAs every year. but I have recently found myself trying to push myself even further at the expense of my liquid assets to keep up with the posts on this board about everyone maxing every account ...
by mx711yam
Sat May 11, 2013 11:33 pm
Forum: Investing - Theory, News & General
Topic: 529 plan in Texas?
Replies: 9
Views: 718

Re: 529 plan in Texas?

The Nevada plan appears to have less fees than the Utah plan. Is that true
by mx711yam
Sat May 11, 2013 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Roth in 401k or government 457?
Replies: 17
Views: 4067

Re: Roth in 401k or government 457?

Yes believe it or not the Roth and traditional are both charged separately. The reason I was thinking of a 457 was because I plan on retiring well before 59 so I thought I could actually get my money out with a457. But I don't know if its worth the extra charge
by mx711yam
Sat May 11, 2013 1:41 pm
Forum: Investing - Theory, News & General
Topic: 529 plan in Texas?
Replies: 9
Views: 718

Re: 529 plan in Texas?

Awesome thanks guys.
by mx711yam
Sat May 11, 2013 12:29 pm
Forum: Investing - Theory, News & General
Topic: 529 plan in Texas?
Replies: 9
Views: 718

529 plan in Texas?

does anyone know what the best 529 plan is in Texas? I just started looking at them, looks like there are a ton of options. does it matter if you open one at Vanguard or do you have to get one of the ones listed through the state?

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