Search found 11 matches

by neophyte1
Sat Apr 01, 2017 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Feel Behind -- Thoughts on my Strategy?
Replies: 17
Views: 1629

Re: Feel Behind -- Thoughts on my Strategy?

Why are you not maxing out your 401k ank keeping it at $4k? Is it just enough for company match? opting to put $11k in 401k vs roth ira will also reduce your taxable income. $4k is just enough for company match. A majority of the $11k actually goes to a tIRA and not Roth, although we'll likely be i...
by neophyte1
Fri Mar 31, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Feel Behind -- Thoughts on my Strategy?
Replies: 17
Views: 1629

Re: Feel Behind -- Thoughts on my Strategy?

Though it is fun to project these numbers out and plan, a lot of things change in the mean time. The relevant thing that would change is your income - assuming you are keeping up with your skills to grow your career. What I suggest is to keep investing away for retirement as much as you can, withou...
by neophyte1
Fri Mar 31, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Feel Behind -- Thoughts on my Strategy?
Replies: 17
Views: 1629

Feel Behind -- Thoughts on my Strategy?

Background: I am 32 and my wife is 31. We have our first baby due very soon and also plan to soon buy a house. My concern is I feel we're a bit behind on our retirement savings and my goal is for us to be able to be financially independent sometime before the traditional retirement age of 65. Not s...
by neophyte1
Mon Mar 20, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance?
Replies: 18
Views: 1327

Re: How much life insurance?

Thank you everyone! Very helpful!
by neophyte1
Mon Mar 20, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: How much life insurance?
Replies: 18
Views: 1327

How much life insurance?

Hi everyone, My wife and I are each early 30s and on the brink of having children. We each plan to obtain term life insurance ASAP. What I can not decide is the optimal amount, as I know there's no perfect formula and it's all so unique to each situation. What I DO KNOW is to find the best rates thr...
by neophyte1
Thu Mar 16, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: How should I handle this? [Where to invest]
Replies: 8
Views: 900

How should I handle this? [Where to invest]

Hi everyone, My wife and I each max out our IRAs at $5,500 per person each year, and I contribute another 3% of my income to get my employer's match through a SIMPLE IRA. My question is this ... I would like to save even more than this, and the next logical thing to do would be increase my 3% SIMPLE...
by neophyte1
Mon Jan 12, 2015 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Home downpayment/Roth IRA
Replies: 2
Views: 504

Home downpayment/Roth IRA

Hi all, This seems simple enough to me, but want to make sure I'm not making a mistake. I'm in my late twenties, and I'm saving for a downpayment to buy a house, but aren't sure yet what it will cost or when it will exactly be (likely within 2-4 years). I also want to get my retirement savings going...
by neophyte1
Sun Mar 16, 2014 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads Stance on Home Buying
Replies: 61
Views: 7352

Bogleheads Stance on Home Buying

20% down I know. What about how expensive a house though? I've heard no more than 2x salary for the portion left after the down payment. So to buy a 300k house, I would need to put 60k down, and then be bringing in 120k per year in salary (120k x 2 = 240k difference left after 60k down payment)? App...
by neophyte1
Sat Mar 15, 2014 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Inflation Protection vs. Money Market
Replies: 9
Views: 822

Re: Inflation Protection vs. Money Market

Thank you all. What about long term though? After I buy the house, if I would like to keep 50-100k 'safe' for the next 20-30 years (with every last penny of my other money going toward equities), does the Vanguard TIPS fund then make more sense than the bank money market account?
by neophyte1
Sat Mar 15, 2014 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Inflation Protection vs. Money Market
Replies: 9
Views: 822

Inflation Protection vs. Money Market

I have a money market account through Sallie Mae that provides me a 0.90% return. I've read (if I'm interpreting correctly) that money market accounts and/or funds lose over time to inflation. Can someone please explain how Vanguard's Short-Term Inflation Protected Securities Index is better? I see ...
by neophyte1
Wed Mar 12, 2014 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: W. Buffett - Short-Term Gov. Bonds...
Replies: 15
Views: 2899

W. Buffett - Short-Term Gov. Bonds...

Hi everyone, Warren Buffett recently recommended the average investor (and his wife) invest 90% of their cash in the Vanguard 500 Fund, and 10% in short-term government bonds. I'm rather young, and very new to investing, so pardon my ignorance... but when he says 'short-term government bonds' - does...

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