Search found 101 matches

by sighchological
Sat May 14, 2016 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Age 29 & married, pls help w/ overall portfolio
Replies: 9
Views: 1732

Re: Age 29 & married, pls help w/ overall portfolio

Thanks Taylor for your help. The 457B portfolio is my portfolio, but I’m trying to include my wife’s portfolio so that we will have one combined, overall portfolio. I did use the Vanguard Questionnaire, it was helpful. Thanks Autopeep, I think 80% stocks/20% bonds is my desired asset allocation. Sev...
by sighchological
Mon May 02, 2016 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Age 29 & married, pls help w/ overall portfolio
Replies: 9
Views: 1732

Re: Age 29 & married, pls help w/ overall portfolio

Thanks for the responses. 1) If I invest in the CREF stock, and lose international exposure, could I make that up by and funds in the 457 plan? 2) Yes, I’m trying to consider both our accounts together as one total portfolio. Which percentages are you saying to recalculate? 3) I honestly don’t know ...
by sighchological
Sat Apr 30, 2016 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Age 29 & married, pls help w/ overall portfolio
Replies: 9
Views: 1732

Age 29 & married, pls help w/ overall portfolio

Hello, I have not contributed to my 457B for 2016 but am planning to max it out. (Cannot afford to max wife’s 403b out, only can match employer’s contributions) ------------------------------------------------ 1) Would you say that our asset allocation of 80% stocks and 20% bonds is OK for our age o...
by sighchological
Thu Apr 28, 2016 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Tiers of E-Fund in Roth IRA?
Replies: 4
Views: 407

Re: Tiers of E-Fund in Roth IRA?

Thanks everyone. I realize that there is risk holding the e-fund in the Roth IRA; I’m just filling up Roth IRA space with low risk funds before I have enough money to replace a taxable e-fund and replace the Roth e-funds with retirement funds. 1) If I don't have tiers of e-fund money in the Roth IRA...
by sighchological
Thu Apr 21, 2016 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Tiers of E-Fund in Roth IRA?
Replies: 4
Views: 407

Tiers of E-Fund in Roth IRA?

Hello, I’m currently trying to establish a 6 month emergency fund of $36K for my wife and I in a Roth IRA, and may increase the e-fund to 1 year in the future. I currently have $11K of VSGBX in a Roth IRA, held in 2 separate accounts for my wife and I. This was contributed in 2015. I read that some ...
by sighchological
Sat Apr 16, 2016 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: IRS question re: Roth IRA e-fund
Replies: 7
Views: 659

Re: IRS question re: Roth IRA e-fund

thanks so much for your help everyone :D

jjface what do you mean by "The 10% 'penalty' is specifically an 'additional tax' so falls under this.", I thought that quote was stating that distributions of contributions had no penalty?
by sighchological
Wed Apr 13, 2016 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: IRS question re: Roth IRA e-fund
Replies: 7
Views: 659

IRS question re: Roth IRA e-fund

This is my first time opening up an IRA. My wife and I didn’t contribute to the Roth IRA in 2015, so I’m trying to max out 11K before the deadline. (April 18, 2016) Regarding a somewhat short term (5-10 yrs?) place to park a emergency fund (https://www.bogleheads.org/forum/viewtopic.php?f=2&t=18...
by sighchological
Fri Apr 08, 2016 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Advice with Roth IRA/emergency fund, Age 29/married
Replies: 7
Views: 1181

Re: Advice with Roth IRA/emergency fund, Age 29/married

Thanks for the suggestions. I would like to open up a Roth IRA for the sake of not losing tax advantaged space in the future. Right now I have a $21K emergency fund, held in a taxable account. I don’t have an IRA. ---------------------------------------- My wife and I didn’t contribute to the Roth I...
by sighchological
Tue Apr 05, 2016 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Advice with Roth IRA/emergency fund, Age 29/married
Replies: 7
Views: 1181

Re: Advice with Roth IRA/emergency fund, Age 29/married

I read throughout this forum that VCSH or VFSTX, VBTLX are good options for emergency fund Roth IRAs .

Any other suggestions? thanks!
by sighchological
Mon Apr 04, 2016 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29; should I refinance?
Replies: 11
Views: 1143

Re: Age 29; should I refinance?

Thanks for the advice everyone. My concern of not refinancing is that if I invest instead of paying down the mortgage, it will take me all 30 years to pay off my mortgage. That’s a lot of interest. --------------------------------------- I was advised to follow: 1) 401k (wife)/457B (my plan) employe...
by sighchological
Mon Apr 04, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Advice with Roth IRA/emergency fund, Age 29/married
Replies: 7
Views: 1181

Re: Advice with Roth IRA/emergency fund, Age 29/married

Thanks for the help. Any other funds that you recommend? I read the wiki article on Roth IRA as an emergency fund, still unsure how to proceed: I would like to have 1 year’s worth ($50K) of emergency funds. Should I: 1) hold the VSGBX in Roth IRA until I accumulate $50K 2) save $50K in a taxable acc...
by sighchological
Fri Apr 01, 2016 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Advice with Roth IRA/emergency fund, Age 29/married
Replies: 7
Views: 1181

Advice with Roth IRA/emergency fund, Age 29/married

Hello everyone, This is my first time opening up a Roth IRA as an emergency fund; any help choosing funds would be greatly appreciated. Stats: Me: Age 29, wife 28. Tax Bracket; Married, filing jointly, 25% fed, 6.65% state. Emergency fund of $20K (Around 3 months) in a taxable account, not maximizin...
by sighchological
Fri Apr 01, 2016 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal income inequality, pay off mortgage or invest?
Replies: 44
Views: 5571

Re: Spousal income inequality, pay off mortgage or invest?

Thanks a lot everyone..a lot to think about!!!
by sighchological
Thu Mar 31, 2016 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal income inequality, pay off mortgage or invest?
Replies: 44
Views: 5571

Re: Spousal income inequality, pay off mortgage or invest?

Thanks for the help. I will reconsider what I said. If you compare prepaying the mortgage vs. investing, I understand that prepaying the mortgage could result in less of a cash flow during the time of the mortgage. ------------------------------- My question is about the time after I finish paying t...
by sighchological
Sat Mar 26, 2016 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal income inequality, pay off mortgage or invest?
Replies: 44
Views: 5571

Re: Spousal income inequality, pay off mortgage or invest?

Klang Fool,

So you're saying that the investing money in retirement accounts instead of prepaying mortgage results in a higher cash flow during age 35-65 AND age 65 through retirement?
by sighchological
Sat Mar 26, 2016 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal income inequality, pay off mortgage or invest?
Replies: 44
Views: 5571

Re: Spousal income inequality, pay off mortgage or invest?

Thanks for the response. I will rethink what I said. 1) I don't know I will be fully employed for the next 30 years. 2) Typically, the jobs that we hold ( I work for the state and my wife is on tenure track at an university), are very secure. 3) Paying 15% on every dollar does not feel good. 4) 15% ...
by sighchological
Sat Mar 26, 2016 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Spousal income inequality, pay off mortgage or invest?
Replies: 44
Views: 5571

Re: Spousal income inequality, pay off mortgage or invest?

Thanks so much for everyone's help. I was advised by the majority of people to invest in the following order: 1) 401k (wife)/457B (my plan) employer match 2) Roth IRA max 3) 401k/ 457B Max 4) Mortgage After a bit of thinking, I think that I want to pay down the mortgage before maxing out the 401K/45...
by sighchological
Mon Mar 21, 2016 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29; should I refinance?
Replies: 11
Views: 1143

Age 29; should I refinance?

In my last post (https://www.bogleheads.org/forum/viewtopic.php?p=2840474#p2840474) , I asked: At Age 29, with my wife making 2x my salary, and planning to have 2-3 kids soon, should I aggressively try to pay off my mortgage or invest? ---------------------------------------------- I was advised by ...
by sighchological
Mon Mar 21, 2016 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal income inequality, pay off mortgage or invest?
Replies: 44
Views: 5571

Re: Spousal income inequality, pay off mortgage or invest?

Thanks everyone. There is so much great info that my head is spinning. ----------------------------------------- In response to: “There is power in tax free compounding in tax advantaged funds that will last MUCH longer than your mortgage payment.”… if I pay off my mortgage in 5-6 years, the psychol...
by sighchological
Sat Mar 19, 2016 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal income inequality, pay off mortgage or invest?
Replies: 44
Views: 5571

Re: Spousal income inequality, pay off mortgage or invest?

Thanks guys for the help!:) ------------------------------------------------- Currently my wife is matching 5% from her employer, there is around $27K in her account. I have not contributed for 11 months to my 457 B ( I work for the state ), but I have $15K in it. -----------------------------------...
by sighchological
Fri Mar 18, 2016 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal income inequality, pay off mortgage or invest?
Replies: 44
Views: 5571

Spousal income inequality, pay off mortgage or invest?

At Age 29, with my wife making 2x my salary, and planning to have 2-3 kids soon, should I aggressively try to pay off my mortgage or invest? Ideally I think I could pay off my current $168K mortgage in 5-6 years, and invest for 30 years until retirement. *Edit* Currently my wife is matching 5% from ...
by sighchological
Fri Mar 18, 2016 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29; stay in smaller house or buy a bigger house?
Replies: 44
Views: 4199

Re: Age 29; stay in smaller house or buy a bigger house?

Thanks everyone for the thorough help. I will take your advice to stay in the current house. :happy Some questions/statements regarding the comments: Why recommend a 5 or 7 year ARM as opposed to a 10 or 15 year refinance? My local credit union has a 7/1 ARM at 3%, 5/1 ARM at 2.75%. My local credit ...
by sighchological
Wed Mar 16, 2016 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29; stay in smaller house or buy a bigger house?
Replies: 44
Views: 4199

Age 29; stay in smaller house or buy a bigger house?

Hello, I bought a house 3 years ago, which is spacious for my wife and I. However, we are planning for 2-3 kids in the future, and the current house will be a little cramped (2 bedrooms, 2 small offices, 1.5 bathrooms). We like our neighbors, but would like a little more privacy/yard space in the ne...
by sighchological
Mon Nov 09, 2015 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29 & married, how much life insurance?
Replies: 46
Views: 6062

Re: Age 29 & married, how much life insurance?

thanks!

Is it wise to purchase $300K from my wife's employer or should I just purchase a $300K, 30 year from a life insurance company?
by sighchological
Sat Nov 07, 2015 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29 & married, how much life insurance?
Replies: 46
Views: 6062

Re: Age 29 & married, how much life insurance?

Wow thanks for SO much advice and help. Honestly I am quite overwhelmed as there are many different opinions! After thinking things through I think that currently I want to go with the least amount of insurance possible, since I don't have kids yet; just want to have up to 3 of them in the future. I...
by sighchological
Wed Oct 14, 2015 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29 & married, how much life insurance?
Replies: 46
Views: 6062

Re: Age 29 & married, how much life insurance?

Thanks everyone for the help. Out of all the responses: - 6 said to wait for kids. - 1 said to purchase $1M per kid up to $2.5M max for the primary wage earner. (did not say 20 or 30 years) - 1 said to consider at least $750k for you and $1.5 M for your wife. (did not say 20 or 30 years) - 1 said to...
by sighchological
Mon Oct 05, 2015 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29 & married, how much life insurance?
Replies: 46
Views: 6062

Re: Age 29 & married, how much life insurance?

Thank you jack, well I am dependent on my wife's salary, if she was to pass I would be unable to pay all the bills. Pondering, what do you mean by "I would be very surprised if someone with those financials had that much insurance." Well, for 30 years level term guaranteed, A+ rating it wo...
by sighchological
Mon Oct 05, 2015 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29 & married, how much life insurance?
Replies: 46
Views: 6062

Re: Age 29 & married, how much life insurance?

Thanks for helping everyone. If my wife passed away after 3 years, I would be in trouble. I would receive $105K from her employer's life insurance, have $61K in debt while making net $34K a year. Would you really suggest to wait until having kids to purchase life insurance? Yes, my wife has long ter...
by sighchological
Sat Sep 26, 2015 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Age 29 & married, how much life insurance?
Replies: 46
Views: 6062

Re: Age 29 & married, how much life insurance?

I'm likely going to purchase:

Wife: $1 million
Me: $500 - $700K

Do you suggest 20 or 30 year?

thanks!
by sighchological
Sat Sep 26, 2015 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Age 29 & married, how much life insurance?
Replies: 46
Views: 6062

Re: Age 29 & married, how much life insurance?

thanks so much for your help !
by sighchological
Sat Sep 19, 2015 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29 & married, how much life insurance?
Replies: 46
Views: 6062

Re: Age 29 & married, how much life insurance?

Thanks for the help everyone! Rule of thumb is 10x gross salary per individual payable to other spouse. Wife: $1 million Me: $500 - $700K More detailed approach: Expenses to be covered by life insurance: 1) Sum of mortgage debt outstanding: $170K 2) Daycare expenses from age 0 to age 5.5 when school...
by sighchological
Fri Sep 18, 2015 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Age 29 & married, how much life insurance?
Replies: 46
Views: 6062

Age 29 & married, how much life insurance?

Hello, I’m thinking of purchasing either a 20 or 30 year term life insurance plan. I don’t have any kids but will start trying to (3 max) in 1 yeas. Any help would be appreciated. Annual net income: Me (Age 29): $34K Wife(Age 28): $67K Total annual income: $101K My mortgage is currently $172K, 30 ye...
by sighchological
Thu Feb 05, 2015 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Advice? 1 yr w/ TIAA-CREF and 457B
Replies: 7
Views: 603

Re: Advice? 1 yr w/ TIAA-CREF and 457B

any other suggestions? thanks!
by sighchological
Tue Jan 27, 2015 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Advice? 1 yr w/ TIAA-CREF and 457B
Replies: 7
Views: 603

Re: Advice? 1 yr w/ TIAA-CREF and 457B

Aptenodytes,

Honestly, I did not think about a target AA that applies to our joint portfolios. I thought that since we were the same age we have the same AA, approx. 75% stocks/25% bonds.

What would you suggest?
by sighchological
Tue Jan 27, 2015 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Advice? 1 yr w/ TIAA-CREF and 457B
Replies: 7
Views: 603

Re: Advice? 1 yr w/ TIAA-CREF and 457B

Thank you Valuethinker! Could you elaborate upon "When you get to about 35 or 40 you want to think about whether you want such a high equity weighting going forward. I would consider adding TIPS at that point."? I don't know anything about TIPS besides what I just saw on Wiki. Where do I p...
by sighchological
Tue Jan 27, 2015 11:47 am
Forum: Investing - Help with Personal Investments
Topic: Advice? 1 yr w/ TIAA-CREF and 457B
Replies: 7
Views: 603

Re: Advice? 1 yr w/ TIAA-CREF and 457B

Thank you Aptenodytes! 1) I'm not sure what you mean by "I presume you would have told us if this allocation is different than what you started with"? 2) I deleted the returns - why are they dangerous? 3) I included my account. 4) I believe we are in the 25% tax bracket. 5) The TIAA Tradit...
by sighchological
Tue Jan 27, 2015 11:17 am
Forum: Investing - Help with Personal Investments
Topic: Advice? 1 yr w/ TIAA-CREF and 457B
Replies: 7
Views: 603

Advice? 1 yr w/ TIAA-CREF and 457B

Hello, A year ago, Bogleheads helped me select a portfolio for my wife through TIAA-CREF, and for me through my 457B plan. I just wanted to see if I was doing everything right. Any suggestions/recommendations would be greatly appreciated. Wife's Age: 27 Salary: Approx. $105K annually; 5% contributio...
by sighchological
Tue Jan 27, 2015 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Recommendations for online bank?
Replies: 25
Views: 4088

Re: Recommendations for online bank?

I had no clue there were so many responses. Thanks everyone for your help :)
by sighchological
Thu Nov 20, 2014 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendations for online bank?
Replies: 25
Views: 4088

Recommendations for online bank?

Hello, I’m looking for a good online bank to replace my brick and mortar savings/checking account. The online bank would act as a central hub to all our liquid incoming and outgoing funds where: 1) Mortgage and Home Equity Loans would be automatically paid a. Bi weekly principal payments could be tr...
by sighchological
Wed Nov 19, 2014 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: Age 28, Short Term/Intermediate Term Financial Plan?
Replies: 11
Views: 2045

Re: Age 28, Short Term/Intermediate Term Financial Plan?

Thanks for the help! So I should: 1) Establish emergency fund 2) Max out 457 b and 403 b 3) Pay down Home Equity Loan 4) Pay down mortgage If I do this, I’ll be stuck with the Home Equity Loan for X amount of years. To increase cash flow, would it be more conservative to: 1) Establish emergency fund...
by sighchological
Mon Nov 17, 2014 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Age 28, Short Term/Intermediate Term Financial Plan?
Replies: 11
Views: 2045

Re: Age 28, Short Term/Intermediate Term Financial Plan?

Thank you for the replies. Some questions: 1) In how many years would you start contributing to the 457b or 403b? 2) In response to maxing out the 403b /457 before paying down the mortgage: What if I face a financial emergency and am unable to pay for my mortgage? I thought that paying down the guar...
by sighchological
Sat Nov 15, 2014 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Age 28, Short Term/Intermediate Term Financial Plan?
Replies: 11
Views: 2045

Re: Age 28, Short Term/Intermediate Term Financial Plan?

Thanks for the replies everyone! Personal Loan 1-3 has no interest involved; just loans that I owe friends/family. In response to "splitting the difference between mortgage and retirement savings." 11K a year is currently being contributed towards my wife's 403b plan and 4 years from now, ...
by sighchological
Sat Nov 15, 2014 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Age 28, Short Term/Intermediate Term Financial Plan?
Replies: 11
Views: 2045

Age 28, Short Term/Intermediate Term Financial Plan?

It’s been over a year after I visited Bogleheads, and made several important financial decisions with the help of this forum. Recently I realized that I didn’t make any short term or intermediate term goals. Any help would be greatly appreciated! Fixed expenses per month: Personal Loan 1 (expires in...
by sighchological
Sat May 17, 2014 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: How much auto insurance coverage?
Replies: 5
Views: 673

Re: How much auto insurance coverage?

thanks! any other suggestions?
by sighchological
Sat May 17, 2014 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: How much auto insurance coverage?
Replies: 5
Views: 673

How much auto insurance coverage?

Hello, I'm about to purchase auto insurance in New York for my wife and I. Any help would be greatly appreciated. I'm 27, she's 26. Assets: Equity of $124K in a house worth $300K. We both have good health insurance plans. I have a 1999 honda civic with 93K miles. Bluebook value is $3K My wife has a ...
by sighchological
Fri May 09, 2014 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Confused at an easy loan concept
Replies: 11
Views: 1508

Re: Confused at an easy loan concept

thanks guys for clarifying this for me!
by sighchological
Fri May 09, 2014 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC to pay off student loans?
Replies: 33
Views: 6117

Re: HELOC to pay off student loans?

thank you guys very much for your help
by sighchological
Sat May 03, 2014 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Confused at an easy loan concept
Replies: 11
Views: 1508

Confused at an easy loan concept

This should be a really easy and fundamental question. But I can't figure it out. I don't understand how to pay off a higher interest loan with a lower interest loan. For example, If I get an auto loan, I receive a lump sum from a lender at a certain interest rate. That lump sum is supposed to be us...

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