Search found 30 matches

by mrrr0809
Sat Aug 11, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Poor HSA Investment Options
Replies: 23
Views: 1728

Re: Poor HSA Investment Options

After looking into the options mentioned, I’ve opted to go ahead and utilize Lively. There were too many uncertainties with the employer funded servicer. I was told there should not be any fees with Trustee to Trustee transfers, so I’ll transfer the money twice a year to be invested through Lively i...
by mrrr0809
Thu Aug 09, 2018 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Poor HSA Investment Options
Replies: 23
Views: 1728

Poor HSA Investment Options

I have chosen to use an HSA as an investment vehicle. I plan to max out the annual allowance and let the funds go untouched and invested for many years. The downside is that the funds that are available for investment are actively managed funds that seem to yield poor returns. There are about 15 pla...
by mrrr0809
Wed Mar 14, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Oversight: Tax Related
Replies: 2
Views: 291

Re: Backdoor Roth Oversight: Tax Related

Thank you for providing clarity! That all makes sense.
by mrrr0809
Wed Mar 14, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Oversight: Tax Related
Replies: 2
Views: 291

Backdoor Roth Oversight: Tax Related

I contributed to a tIRA in January for both my wife and I ($5,500 each) as a 2017 contribution. Once the transfer was complete, I converted the funds to a Roth (AKA Backdoor Roth). I was not aware that the conversion is purely dependent on the calendar year it was performed. I made a poor assumption...
by mrrr0809
Wed Mar 07, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Seeking clarification of HSA
Replies: 6
Views: 700

Re: Seeking clarification of HSA

That is my current understanding of how the HSA program would work and I think there are lots of people who are saving receipts as you described. Here is the link to the boglehead wiki on HSA which will likely address your question! https://www.bogleheads.org/wiki/Health_savings_account#Basic_HSA_r...
by mrrr0809
Wed Mar 07, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Seeking clarification of HSA
Replies: 6
Views: 700

Re: Seeking clarification of HSA

First, the deductible and out of pocket max are (potentially) different things. Second, it’s hard to figure out how much health care actually costs, hidden under layers of insurance, copays, and preventive care, but the insurance paperwork usually has decent numbers. Have you looked at your bills f...
by mrrr0809
Tue Mar 06, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking clarification of HSA
Replies: 6
Views: 700

Seeking clarification of HSA

My employer opened the option of a high deductible/HSA last year. I was skeptical for doing it for my family since we have three young kids. We always seem to be in an urgent care for miscellaneous illnesses. Our plan is $6,250 for individual out of pocket maximum and $12,500 for family out of pocke...
by mrrr0809
Sat Jan 27, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Investment options after maxing 401K and Roth?
Replies: 11
Views: 1155

Re: Investment options after maxing 401K and Roth?

As far as taxable accounts are concerned, are there any specific recommendations from fellow bogleheads? My Roth is primarily S&P based. My 401K also heavily relies on S&P companies. Is it a poor decision to simply by more S&P funds in a taxable account as well? Aim for tax efficient, low cost fund...
by mrrr0809
Sat Jan 27, 2018 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Investment options after maxing 401K and Roth?
Replies: 11
Views: 1155

Re: Investment options after maxing 401K and Roth?

Something to check on is the "Mega Backdoor Roth", which requires your 401(k) allow after-tax non-Roth contributions in addition to the regular ones AND to roll those over in-service. My employer contributes almost 40k into my 401k each year, so with my contribution I max out the 401k cap. I think ...
by mrrr0809
Sat Jan 27, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Money in tIRA from Backdoor Roth conversion
Replies: 6
Views: 551

Re: Money in tIRA from Backdoor Roth conversion

Agree to leave it in tIRA until next conversion. When converting, did you elect to convert $5500 instead of converting 100% of funds? I did 100% of funds. It took over 5 days from opening the tIRA to completion of the Roth IRA. I think my amateur mistake was selecting to have the dividends reinvest...
by mrrr0809
Sat Jan 27, 2018 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Money in tIRA from Backdoor Roth conversion
Replies: 6
Views: 551

Money in tIRA from Backdoor Roth conversion

I set up a tIRA for the sole purpose of a Backdoor conversion. There is $0.63 in the tIRA. Foolish question, but do I simply pull the money out and put it back in my bank account? Are there already tax implications since I earned money despite such a small amount?
by mrrr0809
Sat Jan 27, 2018 7:06 am
Forum: Investing - Help with Personal Investments
Topic: Investment options after maxing 401K and Roth?
Replies: 11
Views: 1155

Re: Investment options after maxing 401K and Roth?

Luckily by maxing my portion of the 401k, it maxes my 401K completely. I need to revisit the HDHP my employer offers. I didn’t think it made sense for my family since we don’t have dental or vision insurance because it’s not offered through my employer, and my kids always seem to be sick. All those ...
by mrrr0809
Fri Jan 26, 2018 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Investment options after maxing 401K and Roth?
Replies: 11
Views: 1155

Investment options after maxing 401K and Roth?

What do most people do, specifically? My wife stays at home with our kids. After maxing out my 401K and both our Roths, what are the usual “go-to’s” for investing towards retirement?
by mrrr0809
Thu Jan 18, 2018 1:04 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Investments
Replies: 2
Views: 414

Re: Roth IRA

Starting with the Total US Stock fund is a great start. ~3,600 stocks compared to ~500. You get more mid and small caps. Adding Total International Stocks and Total US bond completes your 3 fund portfolio and gives you ~6,200 international stocks and ~10,000 bonds. 80/20 is a good allocation for st...
by mrrr0809
Thu Jan 18, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Investments
Replies: 2
Views: 414

Roth IRA Investments

This is will be my first year setting up a Roth IRA, more specifically via a Backdoor Roth. I’ve read a few sources that highly suggest sticking with the S&P 500 (VFINX) but there are also others who advocate for a total market fund such as VTSMX. I have at least 32 years to retirement, so I’ve got ...
by mrrr0809
Sun Jan 14, 2018 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: 401K: Should I manage this myself?
Replies: 17
Views: 1443

Re: 401K: Should I manage this myself?

In the second option, (Vanguard funds) the better choice at age 28 would probably be : Vanguard LifeStrategy Growth Fund (VASGX), which has an asset allocation of 80% stocks and 20% bonds. Can you list the funds available in the third option (completely self directed)? Do you have an asset allocati...
by mrrr0809
Sun Jan 14, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: 401K: Should I manage this myself?
Replies: 17
Views: 1443

Re: 401K: Should I manage this myself?

Not to derail my own thread, but has anyone found a source that acts as a calculator for a 401K portfolio in ehich you can included say different 10 year averages on stock performances, expense ratio, management fee, annual contribution, etc? I’d be very interested in running some scenarios. Thank y...
by mrrr0809
Sun Jan 14, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: 401K: Should I manage this myself?
Replies: 17
Views: 1443

Re: 401K: Should I manage this myself?

In the second option, (Vanguard funds) the better choice at age 28 would probably be : Vanguard LifeStrategy Growth Fund (VASGX), which has an asset allocation of 80% stocks and 20% bonds. Can you list the funds available in the third option (completely self directed)? Do you have an asset allocati...
by mrrr0809
Sat Jan 13, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: 401K: Should I manage this myself?
Replies: 17
Views: 1443

Re: 401K: Should I manage this myself?

In the second option, (Vanguard funds) the better choice at age 28 would probably be : Vanguard LifeStrategy Growth Fund (VASGX), which has an asset allocation of 80% stocks and 20% bonds. Can you list the funds available in the third option (completely self directed)? Do you have an asset allocati...
by mrrr0809
Sat Jan 13, 2018 9:26 am
Forum: Investing - Help with Personal Investments
Topic: 401K: Should I manage this myself?
Replies: 17
Views: 1443

Re: 401K: Should I manage this myself?

The funds they have put you in are neither cheap not especially broadly diversified. However we can't advise you on what you should do without some more info, especially the list of available funds including expense ratio and details on the "percentage of vanguard funds" arrangement you mentioned. ...
by mrrr0809
Sat Jan 13, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: 401K: Should I manage this myself?
Replies: 17
Views: 1443

Re: 401K: Should I manage this myself?

The funds they have put you in are neither cheap not especially broadly diversified. However we can't advise you on what you should do without some more info, especially the list of available funds including expense ratio and details on the "percentage of vanguard funds" arrangement you mentioned. ...
by mrrr0809
Sat Jan 13, 2018 8:16 am
Forum: Investing - Help with Personal Investments
Topic: 401K: Should I manage this myself?
Replies: 17
Views: 1443

Re: 401K: Should I manage this myself?

Some info added. Working on additional info.
by mrrr0809
Sat Jan 13, 2018 6:02 am
Forum: Investing - Help with Personal Investments
Topic: 401K: Should I manage this myself?
Replies: 17
Views: 1443

401K: Should I manage this myself?

This was my first year being eligible for my employer’s 401k offering. I was very excited to start contributing, but it seems the returns have been sub par given the market performance overall this past year. Here’s what data I can provide at this point in time: 66.5% Equities, 28.5% Fixed Income, 5...
by mrrr0809
Fri Jan 12, 2018 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Please help guide me to retirement. 401K info added
Replies: 17
Views: 1361

Re: Please help guide me on my road to retirement

Great info obtained. Lifestyle modifications en route. Thread can be locked. Thank you.