Search found 18 matches

by beabea
Fri Jan 31, 2020 4:11 pm
Forum: Personal Investments
Topic: Retirement Savings and Prepping for Law School
Replies: 5
Views: 516

Re: Retirement Savings and Prepping for Law School

This is advice well in advance, but if you go into big law, and can swing it, invest in an IRA during your stub year after graduation, as you will make too much to do so later. Also, pay some of your student loans prior to the end of the grace period, as that stub year is the only time you can get t...
by beabea
Thu Jan 16, 2020 6:12 pm
Forum: Personal Investments
Topic: Portfolio Review - Maximizing Extra Income
Replies: 6
Views: 936

Re: Portfolio Review - Maximizing Extra Income

Thank you! The detailed guidance is helpful!
by beabea
Sun Jan 12, 2020 10:40 am
Forum: Personal Investments
Topic: Portfolio Review - Maximizing Extra Income
Replies: 6
Views: 936

Re: Portfolio Review - Maximizing Extra Income

retired@50: Thank you for your specific guidance. Its helpful and you make good points about those funds! Atomic: Thanks for your thoughts. I was leaning towards finding more bonds and I think I'll update it to have at minimum 20% bond. You and retired@50 made good points about how to revise the 401...
by beabea
Fri Jan 10, 2020 10:45 pm
Forum: Personal Investments
Topic: Portfolio Review - Maximizing Extra Income
Replies: 6
Views: 936

Portfolio Review - Maximizing Extra Income

Hello, I am looking for advice about how to maximize an odd stage in my financial life. I currently have no debt and few financial obligations. There is a good chance that I am in my highest earning years right now and more likely than not will earn less money in the future. (My field is up or out, ...
by beabea
Fri Mar 01, 2019 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Parents Helping With Student Loans
Replies: 8
Views: 1151

Re: Parents Helping With Student Loans

Unless you expect to need federal loan protections in the next five years, I would refinance the entirety immediately. First Republic has excellent fixed rate terms (starting at 1.95%). Its geographically limited, but you’re eligible in NYC. If you qualify for that rate, repay on your own without yo...
by beabea
Mon Jan 21, 2019 7:39 pm
Forum: Personal Investments
Topic: Municipal Bonds in Taxable Retirement Account
Replies: 5
Views: 749

Re: Municipal Bonds in Taxable Retirement Account

Thank you, this is was incredibly helpful and seems to have stopped me from making a dumb mistake! I will look into adding more bonds in my 401k/Roth account.
by beabea
Sun Jan 20, 2019 6:26 pm
Forum: Personal Investments
Topic: Municipal Bonds in Taxable Retirement Account
Replies: 5
Views: 749

Municipal Bonds in Taxable Retirement Account

Good evening! I believe I am under invested in bonds for my retirement portfolio and need help resolving that. I will be finished paying off my student loans shortly and plan to direct half off those funds to additional taxable retirement savings. I’d rather figure this out before getting myself fur...
by beabea
Tue Jul 10, 2018 5:31 am
Forum: Personal Investments
Topic: Investing HSA and Backdoor Roth IRA
Replies: 13
Views: 1742

Re: Investing HSA and Backdoor Roth IRA

Thanks, grabiner! I executed the changes this week and bore in mind all of everyone's advice!
by beabea
Fri Jun 22, 2018 9:20 pm
Forum: Personal Investments
Topic: Investing HSA and Backdoor Roth IRA
Replies: 13
Views: 1742

Re: Investing HSA and Backdoor Roth IRA

PFInterest, thank you! That link and step by step instructions is exactly what I needed!

retiredjg, thanks for the advice. It sounds like that that's a good plan!
by beabea
Thu Jun 21, 2018 5:30 am
Forum: Personal Investments
Topic: Investing HSA and Backdoor Roth IRA
Replies: 13
Views: 1742

Re: Investing HSA and Backdoor Roth IRA

Thanks for the clarification!
by beabea
Wed Jun 20, 2018 7:34 am
Forum: Personal Investments
Topic: Investing HSA and Backdoor Roth IRA
Replies: 13
Views: 1742

Re: Investing HSA and Backdoor Roth IRA

Thanks to you both! I'll admit, a backdoor Roth IRA confused me, so I pushed it off. But the second best time to plant a tree is today, so I've made these two issues my financial goals of the summer. In response to your comments, what is "FI?" In terms of the HSA, I'm using it to investmen...
by beabea
Tue Jun 19, 2018 11:08 pm
Forum: Personal Investments
Topic: Investing HSA and Backdoor Roth IRA
Replies: 13
Views: 1742

Investing HSA and Backdoor Roth IRA

Hi! I'm looking for help investing my HSA and a backdoor Roth IRA. I'm fully set on an emergency fund, making progress on student loans and a downpayment, maxing out my 401k, and contributing to a taxable investment account (VTIAX and VTSAX). It seems that an investment focused HSA and backdoor Roth...
by beabea
Sun Mar 11, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Downpayment Savings - Money Market Account
Replies: 13
Views: 1874

Re: Downpayment Savings - Money Market Account

Thanks, I took a look at it. I think I'm going to explore muni bonds for the tax purposes later, but upon further reflection and review of the current returns, go for a more principle protecting approach. Yes, I am planning to saving around $30,000 annually. Also, my industry has large bonuses and I...
by beabea
Sun Mar 11, 2018 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Downpayment Savings - Money Market Account
Replies: 13
Views: 1874

Re: Downpayment Savings - Money Market Account

Thank you for the additional recommendation to look into a municipal bond fund. I think that could be a good option for my state as well. How would I figure out whether I'm taxed at a high enough rate to make it worthwhile?
by beabea
Wed Mar 07, 2018 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Downpayment Savings - Money Market Account
Replies: 13
Views: 1874

Re: Downpayment Savings - Money Market Account

Thanks for all the responses. I am a little concerned its a teaser rate. I'm going to think on Synchrony/Bank7 and bite the bullet soon. I appreciate the thoughts about CDs. I'm a little wary about tying everything up, just in case plans change. Not to mention, I don't actually have the full amount ...
by beabea
Sun Mar 04, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Downpayment Savings - Money Market Account
Replies: 13
Views: 1874

Downpayment Savings - Money Market Account

Good morning. I am saving for a downpayment on a house, likely 2-3 years in the future. I currently have $30K and expect to need $160K for the downpayment. Given that I'm happy renting now, I live in a HCOL area, and I would prefer avoiding PMI, I need to save a fair amount of money in advance. The ...
by beabea
Tue Aug 30, 2016 5:47 am
Forum: Personal Investments
Topic: First Time Investor with Short Term and Retirement Questions
Replies: 4
Views: 559

Re: First Time Investor with Short Term and Retirement Questions

Thank you both, this is really helpful to cut through the variety of advice out there.
by beabea
Sun Aug 28, 2016 1:04 pm
Forum: Personal Investments
Topic: First Time Investor with Short Term and Retirement Questions
Replies: 4
Views: 559

First Time Investor with Short Term and Retirement Questions

Good afternoon. I'm new to investing and could use some help. I've been putting this off for two months, because while I think I've probably narrowed down to the general category of investments I need, the specifics are overwhelming me. I hoping some advice from you all could help. I am a big law la...