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I appreciate all of the responses.

Yes, it was a typo . Corrected to 401(k).

Unfortunately, a mega backdoor roth is not an option for us.

The pensions are in addition to social security.

Based on the feedback, it sounds like a taxable at 80/20 or 100% VTSAX would be a good approach?

Happy holidays! My wife and I are going to be the recipients of a 6 figure windfall and are curious if it would be best to establish a taxable account to invest it in. We have never had a taxable account, so I am looking for guidance. We do not need to use this money right now as our current income ...

Thank you for the link to the article FiveK. It was very helpful. I also appreciate your feedback livesoft. Although the fees are higher that we prefer, maintaining the ability to rollover into another lower cost plan if her current employer offers a better option in the future or if she changes job...

My spouse's employer provides access to a Horace Mann 403(b) plan that imposes an annual administrative fee of $25 and a 1.25% mortality and fee charge. This is in addition to the expense ratio of .14% for the Vanguard Target 2040 fund that she has chosen. Her employer automatically deposits $600 pe...

Thank you for your feedback. I will consult with a tax professional because we did incur costs for the Realtor's commission as well as cost to replace one of the home's roof. Factoring both of these in could reduce our overall tax burden. As I explained above, the sales price should be your basis. ...

Thank you for your feedback.

I will consult with a tax professional because we did incur costs for the Realtor's commission as well as cost to replace one of the home's roof.

Factoring both of these in could reduce our overall tax burden.

I would really appreciate the collective guidance of the Boglehead community. A family member died in October of 2019. In their will, I was left two single family homes that were being used as rental properties. Probate was completed in February of 2020 and the ownership was officially transferred t...

$1300/month combined? Those are two cheap houses. Are they in good areas of the town? How much do they sell for? Although they are smaller homes in a midsized rural community, we also agree that the rent is probably lower than what similar homes in the same neighborhoods are going for. We are consi...

FelixTheCat wrote: ↑Mon Dec 09, 2019 7:48 pm
I'm a landlord.

I have a property manager and being a landlord is very easy in this scenario.

This is a great idea especially considering that the rental homes are in a different state that we only visit twice a year.

What is the typical fee structure for property managers?

J295 wrote: ↑Mon Dec 09, 2019 7:20 pm Do you want to retain the rental properties or sell them? Being a landlord is not for everyone.

Since this will be our first experience as landlords, we are going to retain them for at least one year.

Thank you for the reply retired@50. I will pass along your advice to my spouse to contact human resources/administration and advocate for adding lower cost options. If this happens in the future, we can consider fully funding this account. I agree, opening and fully funding a Vanguard Roth IRA for m...

Happy holidays fellow Bogleheads. I would like to start off by saying that although this is the first time I have posted, I have been a silent member of the Boglehead community the past two years. The knowledge that I have gained from reading Mr. Bogle's books and the posts on this forum have been i...