Search found 28 matches

by GrowMyMoney
Sat Nov 10, 2018 11:58 am
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

ran this calc again... still points to Roth https://www.bankrate.com/calculators/retirement/401-k-or-roth-ira-calculator.aspx It appears to me that it points to traditional, not Roth, but only by a small amount. Did I miss something? Also, your tax bracket is 28% and the calculator used 25%. For me...
by GrowMyMoney
Fri Nov 09, 2018 6:53 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

I'm only as sure about the Roth 401k as the calculators I've run which mostly don't seem highly sophisticated. If you have a reference to a better calculator I'm happy to try it. I'm not even sure what in service rollouts are to be honest but I can add this to my todo list from this thread. Check o...
by GrowMyMoney
Fri Nov 09, 2018 6:39 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

Sell MS - pay off student loans. Take your monthly student loan payments and open a 529 plan with Utah plan - my529.org or NYS529Direct - nysaves.org. Why are you holding nearly $50k in one equity? How much in gains do you have in Morgan? Are you paying for a college coach? Don’t. Ask your question...
by GrowMyMoney
Fri Nov 09, 2018 6:04 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

I won't try to deter you from your real estate ventures, but I would caution you to perhaps be slightly more conservative with your equity/bond portfolios because the real estate market can turn on a dime- more reward you say, but also more risk. Also, you appear to have a great job with good growt...
by GrowMyMoney
Fri Nov 09, 2018 12:28 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

does your company offer a child care FSA? That would allow you to put money into it pretax to pay for dependent care, ie daycare with pretax money. I wish my company had this, it would be a big savings... The money doesn't grow and if you don't use it you lose it, but It usually is only a few thous...
by GrowMyMoney
Fri Nov 09, 2018 12:05 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

The beauty of creating these "reports" for the boglehead community is that it's actually an exercise in examining your financial life and putting it all down on paper. By doing so here, you've probably realized already what sticks out, what can use some streamlining, etc. I agree with these guys, s...
by GrowMyMoney
Fri Nov 09, 2018 12:04 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

Trying to be helpful. I think there is a big overlap with bogleheads and people who like simplicity. People who love having a million things going on will also tend to be attracted to the idea of actively managed investment portfolios. Also real estate flips and rental properties. Hence many who wo...
by GrowMyMoney
Fri Nov 09, 2018 12:01 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

HSA assuming it isn't an FSA which is use it or lose it each year, lets you put aside money PRE-Tax to use for future medical expenses, you can also invest it like a 401K, and don't pay taxes if you use it for medical expense, and the growth isn't taxed, so they say it is triple tax free. it's defi...
by GrowMyMoney
Fri Nov 09, 2018 12:00 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

This is just mind boggling. Real-estate "flips"? 60k car loans, big mortgage, rental props with mortgages, debt, and a million funds with high ERs. You need to simplify your financial life. First, since those funds are in retirement accounts, I would sell everything and get into the three-fund port...
by GrowMyMoney
Fri Nov 09, 2018 11:42 am
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

With your income you should be maxing both His and Her 401ks at $18,500 for each ($19000 for 2019), His and Her Roth IRA, and the family HSA (which I believe is $7000). That is $55,000/year and they expire each year so you can’t go back and get those tax breaks. If you do that and add some taxable ...
by GrowMyMoney
Fri Nov 09, 2018 11:42 am
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

11.9 NEEDHAM GROWTH RETAIL (NEEGX) ( 2.34% ) 10.3% SPDR SERIES TRUST SPDR PORTFOLIO S&P 500 GROWTH ETF (SPYG) (0.04%) 13.3% SCHWAB® S&P 500 INDEX (SWPPX) (0.04%) 13.3% Vanguard 500 Index Fund Investor Shares (VFINX) (0.05%) 7.3% VANGUARD S&P 500 ETF (VOO) (0.05%) 2.34%!! Holy being ripped off, Batm...
by GrowMyMoney
Fri Nov 09, 2018 8:13 am
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

With your income you should be maxing both His and Her 401ks at $18,500 for each ($19000 for 2019), His and Her Roth IRA, and the family HSA (which I believe is $7000). That is $55,000/year and they expire each year so you can’t go back and get those tax breaks. If you do that and add some taxable ...
by GrowMyMoney
Fri Nov 09, 2018 7:44 am
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

paying down the loans is a 100% sure thing 4.7% return, would improve your cash flow each month and remove debt which to most of us is a big burden. you bring home $350K in just salary, so that is like $250K after taxes, it should only take a few months to pay this off. Why have any debt when you m...
by GrowMyMoney
Thu Nov 08, 2018 10:44 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

Re: What can I do better?

you can start by not buying a car that you need to take out a $60K loan for. what does that car do that a Toyota camry cant do? I don't care about 0-60 when you have to stop at the speed limit...... you earn combined about $450K per year, but have all of this various debt. That makes no sense at al...
by GrowMyMoney
Thu Nov 08, 2018 10:12 pm
Forum: Personal Investments
Topic: What can I do better?
Replies: 29
Views: 2520

What can I do better?

Hello I posted this thread here but after doing folks helped me realize I should start with my portfolio than work down to the 409A plan. So here goes. Emergency funds: I'm setting aside 3 months of pretty liberal spending and total expenses for this exercise. Debt: credit card - None school loans -...
by GrowMyMoney
Thu Nov 08, 2018 2:23 pm
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

ran this calc again... still points to Roth
https://www.bankrate.com/calculators/re ... lator.aspx
by GrowMyMoney
Thu Nov 08, 2018 1:00 pm
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

I'm using a Roth 401k in my newest 401k plan (about 1.5yrs). I ran through a few calculators and apparently they all indicate it's slightly better for me. With your income, I don't know how a calculator could show that. However, we have never established your tax bracket and you have never said tha...
by GrowMyMoney
Thu Nov 08, 2018 9:41 am
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

There is a difference between taking a risk for something you need and taking the same risk for something you don't need. My position is that you don't actually need this. You are 40 and intend to work another 25 years. You already have about $500k in tax deferral and are adding a lot each year. Wh...
by GrowMyMoney
Wed Nov 07, 2018 4:26 pm
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

I'm not sure I would use it. You apparently plan to fill His 401k and Her 401k and HIs roth IRA (via back door). I'd also fill Her roth IRA (via back door). I would not use this other thing - 409a which I believe is called a NQDC (non-qualified deferred comp) - because I don't think you need to def...
by GrowMyMoney
Wed Nov 07, 2018 3:58 pm
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

So as it turns out I was WRONG... it' not a 457(b) plan but rather a 409A. Apparently they are still subject to creditors but if history is any indication on how the courts will rule they almost never let the creditors at the plans or at least not very much of it. The fees (outside of the funds inte...
by GrowMyMoney
Thu Nov 01, 2018 12:31 pm
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

ruralavalon wrote:
Thu Nov 01, 2018 10:13 am
Does your employer also offer a 403b plan, 401k plan or a SIMPLE IRA?
Yeah I have a 401k mentioned in the original post. That’s maxed out already.
by GrowMyMoney
Thu Nov 01, 2018 10:10 am
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

Best guess.... Vanguard Intermediate-Term Inv Grade Adm Vanguard Institutional Index Instl Vanguard Small-Cap Index Instl Vanguard FTSE All-World Ex US Index Instl or one of the LifePath funds. There really is not enough information in your post to help you much other than pointing out the likely b...
by GrowMyMoney
Thu Nov 01, 2018 10:06 am
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

Is this a government or non government 457b? I'm just making sure that you know the important differences and the risks and disadvantages if it's a non government plan. Non-government and I probably lean towards being 457(b) illiterate. This is important. Non-governmental 457s can be seized by the ...
by GrowMyMoney
Thu Nov 01, 2018 10:05 am
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

Is this a government or non government 457b? I'm just making sure that you know the important differences and the risks and disadvantages if it's a non government plan. Non-government and I probably lean towards being 457(b) illiterate. This is important. Non-governmental 457s can be seized by the ...
by GrowMyMoney
Thu Nov 01, 2018 8:59 am
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

Try including the expense ratios on those funds. What is your stock/bond %? US/international %? They don’t give me that info but I can try to look them up and post what I find. They must give you that information. Do not look this up on a retail internet site because it may be different from your s...
by GrowMyMoney
Thu Nov 01, 2018 7:43 am
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

sawhorse wrote:
Thu Nov 01, 2018 7:30 am
Is this a government or non government 457b? I'm just making sure that you know the important differences and the risks and disadvantages if it's a non government plan.
Non-government and I probably lean towards being 457(b) illiterate.
by GrowMyMoney
Thu Nov 01, 2018 7:42 am
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Re: Help picking funds for 457(b) plan

gobigrad wrote:
Wed Oct 31, 2018 10:09 pm
Try including the expense ratios on those funds.
What is your stock/bond %?
US/international %?
They don’t give me that info but I can try to look them up and post what I find.
by GrowMyMoney
Wed Oct 31, 2018 9:10 pm
Forum: Personal Investments
Topic: Help picking funds for 457(b) plan
Replies: 26
Views: 1269

Help picking funds for 457(b) plan

Hello My firm allows me to defer part of my compensation into a tax deferred vehicle called a 457(b). Basically it’s a plan allows me to contribute up to 100% of my base and bonus pretax into an account where it’s deferred for a minimum of 3 years. This plan is above your 401(k) contribution limits....