Search found 21 matches

by snapwa
Mon Jan 23, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: Hoping to retire within 20 years - advice/comments appreciated!
Replies: 8
Views: 1433

Re: Hoping to retire within 20 years - advice/comments appreciated!

Doing some quick research, looks like it might be possible to re-characterize my 2016 ROTH contributions as Trad IRA contributions. https://www.bogleheads.org/wiki/IRA_recharacterization Thinking about pursuing that option (since I qualify for full 2016 deduction) and establishing a Trad IRA account...
by snapwa
Mon Jan 23, 2017 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Hoping to retire within 20 years - advice/comments appreciated!
Replies: 8
Views: 1433

Re: Hoping to retire within 20 years - advice/comments appreciated!

In a combined tax bracket of over 30% it would be very rare, but possible, for the Roth to be a better choice since for since you would need to be in an even higher retirement tax bracket for the Roth to be a good choice. In addition you are single now and there is a chance that you could be marrie...
by snapwa
Mon Jan 23, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Hoping to retire within 20 years - advice/comments appreciated!
Replies: 8
Views: 1433

Re: Hoping to retire within 20 years - advice/comments appreciated!

I believe the general rule is to withdraw from taxable accounts first, then tax deferred and then tax free. The goal being to let the ROTH (already taxed) money grow for as long as possible? Isn't that fairly similar to a taxable account? Is the reason to hold off on the ROTH because both contribut...
by snapwa
Sun Jan 22, 2017 6:10 pm
Forum: Investing - Help with Personal Investments
Topic: Hoping to retire within 20 years - advice/comments appreciated!
Replies: 8
Views: 1433

Hoping to retire within 20 years - advice/comments appreciated!

Hey all, Not looking for specific fund selection advice - rather a holistic review of my portfolio in terms of retiring within the next 20 years. General portfolio details and questions are below: 1. I've always contributed to a ROTH, but have recently been reading about the tax benefits of a Tradit...
by snapwa
Fri Jul 10, 2015 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else having major issues with Mint right now?
Replies: 6
Views: 840

Re: Anyone else having major issues with Mint right now?

yep, ditto - not too concerned though, it seems like whenever they release an update to their software something like this happens.
by snapwa
Wed May 13, 2015 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 416
Views: 97827

Re: Share your networth progression

Started tracking just a few years ago...currently maxing out Roth IRA, 401k, and HSA

2012: 26,000 - Age 24
2013: 55,000 - Age 25
2014: 94,000 - Age 26
by snapwa
Wed Aug 20, 2014 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Please critique my portfolio
Replies: 42
Views: 5414

Re: Please critique my portfolio

Thanks everyone for the reply! I have indeed received a lot of extremely valuable feedback here, and will be putting a lot of them to work :-) A few comments/clarifications: 1) 401K - I am on track to max out the 401K this year. 10% of my total salary plus bonus is deposited into the account, so I ...
by snapwa
Wed Jan 15, 2014 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Penfed 5% gas cash back card - ending?
Replies: 20
Views: 1973

Re: Penfed 5% gas cash back card - ending?

I can confirm this USAA deal as well - it was an opt-in type deal on the website for me. 5% cash back on gas purchases for an entire year on my USAA Cash Rewards World Mastercard![/quote] Darn... I guess I must have missed the "opt-in" period, I don't see it available there for me. That wo...
by snapwa
Wed Jan 15, 2014 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Penfed 5% gas cash back card - ending?
Replies: 20
Views: 1973

Re: Penfed 5% gas cash back card - ending?

My USAA MC is granting a 5% bonus for gas purchases in 2014 so I have designated that as my CC of choice for the year for those purchases. I notice that my DC is also passing out 5% rebates for the first quarter of the year also. I don't use that much gasoline anyway. Say-wha-huh??? :?: I haven't s...
by snapwa
Tue Dec 31, 2013 2:56 pm
Forum: Personal Consumer Issues
Topic: Cash in Your Wallet
Replies: 93
Views: 5362

Re: Cash in Your Wallet

Very rarely do I carry around cash - usually only if I'm going out for an event that calls for it e.g. large group dinner/cover charge/cash only bar. There's only been a handful of times where I've truly been inconvenienced for not having cash on my person, and I find that I have a much easier time ...
by snapwa
Fri Dec 20, 2013 10:16 am
Forum: Investing - Help with Personal Investments
Topic: 26y/o in 25% bracket should I even be doing Roth IRA?
Replies: 14
Views: 1841

Re: 26y/o in 25% bracket should I even be doing Roth IRA?

I think you might want to consider increasing your 401k contribution. Every $ amount (within reason :happy ) that you can get out of the 25% bracket and into the 15% bracket is worthwhile IMO.
by snapwa
Fri Jan 25, 2013 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Will I be too cash poor?
Replies: 17
Views: 2613

Re: Will I be too cash poor?

I don't think that will be a problem at all, especially since you have enough emergency fund. In my case, my "cushion" (take home - budgeted expenses) is nearly zero after 401K and ROTH IRA since I like to contribute as much as possible to the retirement saving, and it's been fine that wa...
by snapwa
Fri Jan 25, 2013 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Will I be too cash poor?
Replies: 17
Views: 2613

Re: Will I be too cash poor?

I would agree I think you should be ok, especially as a single without debt. There is also 2400 a year you aren't accounting for to help you out. Also, it appears you might be in the 15% bracket: 57k-8.55k-3.9k-6.1k-3.25k < 36.25k MrMatt2532, I'm guessing that the 6.1k is the standard deduction, bu...
by snapwa
Fri Jan 25, 2013 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Will I be too cash poor?
Replies: 17
Views: 2613

Will I be too cash poor?

I understand this topic might lead to quite a few subjective responses, but I'm still interested to know what people think... Thoughts on whether I'm leaving myself with enough after-tax cash? disclaimer--> *rough draft breakdown below, I might have messed up some calculations* Bi Weekly Paycheck br...
by snapwa
Fri Sep 14, 2012 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: I've fallen into a market timing trap
Replies: 20
Views: 1584

Re: I've fallen into a market timing trap

First, you missed a 12% run up. That's like $600. Over a lifetime, that's no big deal. Second, this is your third of what will be hopefully many more yearly contributions. This makes it no big deal. Either dump it in and forget it or DCA it in weekly over the remaining time in which you have to con...
by snapwa
Fri Sep 14, 2012 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: I've fallen into a market timing trap
Replies: 20
Views: 1584

Re: I've fallen into a market timing trap

Just lump it in or DCA over the final months of the year. Do not drag this out. So basically, I have much more to gain in the long run by contributing sooner rather than later. OK, yeah that definitely makes sense and seems kind of obvious now after writing it out. I think I just needed to hear it ...
by snapwa
Fri Sep 14, 2012 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: I've fallen into a market timing trap
Replies: 20
Views: 1584

Re: I've fallen into a market timing trap

barnaclebob wrote:Is this a Roth IRA?


Yep, it's a Roth.
by snapwa
Fri Sep 14, 2012 11:52 am
Forum: Investing - Help with Personal Investments
Topic: I've fallen into a market timing trap
Replies: 20
Views: 1584

I've fallen into a market timing trap

Hi everyone, Currently, I have a Vanguard Target Retirement 2055 Fund with 10k in contributions. I started in 2010(Age 22), and have done the full '10 and '11 contributions. Like many of you have probably done, I experimented with contribution methods. The 2010 contribution was a full lump sum buy i...
by snapwa
Tue Nov 29, 2011 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Education
Replies: 8
Views: 773

Re: Financial Education

All of these links have been great so far. I know this stuff is all on the internet somewhere, but I think everyone searches for things a little bit differently, so it's really helpful to get linked to the pages that don't come up during my web searches.
by snapwa
Tue Nov 29, 2011 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Education
Replies: 8
Views: 773

Re: Financial Education

PatchBeagle, Awesome, thanks for the reply, I think you gave a good overview of important topics. Do you have any specific ideas about teaching the "Moving from savings to investing" bullet point? I'm a little worried about emphasizing that point when many of these people probably aren't p...
by snapwa
Mon Nov 28, 2011 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Education
Replies: 8
Views: 773

Financial Education

Hi there, I'm an Americorps Vista working for a non profit called SNAP in Spokane, WA. Currently, we are working on an initiative called Bank On (http://joinbankon.org/), which is a brand new national program designed to help low income residents engage in traditonal banking methods. There are a lar...

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