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aadwen

aadwen, what do you think of the input you have received so far? What actions have you taken, and will you be taking? Going to look at consolidating my post tax acccounts to fidelity. Going to research then execute backdoor Roths during 2021 in lieu of post tax accounts. Need to read the articles a...

aadwen

Bump!

aadwen

Any other advice? Thanks!

aadwen

Done and will definitely look into the backdoor Roth! Just a quick thought: Backdoor Roth It doesn’t appear either of you has any pretax IRAs, so the backdoor Roth would be an easy maneuver. What are expense ratios of DFA funds in her 457? I’d probably just use the TSM fund in that account. Also it...

aadwen

Done and will definitely look into the backdoor Roth! Just a quick thought: Backdoor Roth It doesn’t appear either of you has any pretax IRAs, so the backdoor Roth would be an easy maneuver. What are expense ratios of DFA funds in her 457? I’d probably just use the TSM fund in that account. Also it’...

aadwen

Good morning. Any other advice?

aadwen

At your age I would avoid bonds. There is no return. Read Bill Miller's and Ray Dalio's recent blogs, letters and interviews. Good job on the 529s. Berkshire Hathaway is not a good investment in my view. It's too large and at 90 years old I think Mr. Buffett should consider retiring. With all due r...

aadwen

Just a quick thought: Backdoor Roth It doesn’t appear either of you has any pretax IRAs, so the backdoor Roth would be an easy maneuver. What are expense ratios of DFA funds in her 457? I’d probably just use the TSM fund in that account. Also it’s probably best not to use the Fidelity zero funds in...

aadwen

I always take photos of the offer page when I sign up for bonuses in case something like this happens. Do you have anything liked that? If so, ask to speak to a supervisor.

aadwen

I really appreciate any advice. I have followed this forum for several years and read a couple books recommended here. We plan to Max His 401K, Her 457, and Her 403B in 2021. 401k and 457 were Maxed in 2020. We also plan to invest periodically into the post-tax Fidelity account, utilizing the Fideli...

aadwen

I think you need to read the fees fine print. The vendor did a presentation at my wife's school disctrict and their management fees were like 2% plus funds fees for the 457 plan. The funs offering was limited and expensive. At 35 and assuming your wife stays at the ISD for a long time, those high f...

aadwen

What is the desired asset allocation? What other accounts are there, and what funds are available in each account? Please see this for information needed and format: "Asking Portfolio Questions" . Please simply add to your original post using the edit button (the pencil icon near the uppe...

aadwen

Wife new school district uses TCGServices as the administrator. You haven't told us what vendor she is using. The vendor matters quite a bit because they charge fees in addition to the expense ratio. You haven't told us what vendors are available to her, both in the 457b as well as the 403b. Again,...

aadwen

Absent any other information, I would advise her to go 100% in the Vanguard target date fund. If you want more helpful advice, add the expense ratios for all the other funds. It may be possible to build a portfolio with lower fees, especially if there are IRA accounts and you have a 401k plan. Then...

aadwen

Wife new school district uses TCGServices as the administrator. She is currently in the RAMS Agressive Growth, a fund of DFA Index Funds. The expense ratios are higher than the TIAA-CREF Lifecyle Funds. QUESTION: We are 35, so the question is should stay stay as is, or move to the 2050 fund, which h...

aadwen

Remember, you can always get your district to add Fidelity and/or Vanguard to the list of approved vendors. I did this in OCPS (FL) and I’m happy to help anybody do it in their district.

Can you please provide some details?

aadwen

A440 wrote: ↑Wed Jul 10, 2019 5:59 am Does TCG charge a fee on top of Vanguard's expense ratio?

Hard to tell, see link below, as the fees block has a 1 in it???
http://www.tcgservices.com/docview/#/4 ... anDesc/514

aadwen

lakpr wrote: ↑Wed Jul 10, 2019 4:54 am There is Fidelity too, except that there are no "two stars" next to it (meaning that they don't accept Roth contributions).
But as you said, you can ignore the rest as you have Vanguard in there.

Where do you see Fidelity?

aadwen

Wife's employer uses TCG Advisors

Check out this list of options, thank god Vanguard is on here, the rest look like garbage.

Thoughts?>

https://tcg-doclib.s3.amazonaws.com/tcg ... 195221.pdf

aadwen

Doing taxes on Turbotax. So, our MAGI went above the limit last in 2018 so a large portion of our Roth IRA contribution ($4140 each) is deemed an overpayment. This is a result of us selling our home and moving which generated work reimbursements which bumped our income into that realm. Yes I am max...

aadwen

Thanks, That looks like the way to go. Just pay the 6%, dont withdraw anything, but contribute the 2019 Max - the overpayment and apply the overpayment to next year effectively.

Good stuff, thanks.

aadwen

Doing taxes on Turbotax. So, our MAGI went above the limit last in 2018 so a large portion of our Roth IRA contribution ($4140 each) is deemed an overpayment. This is a result of us selling our home and moving which generated work reimbursements which bumped our income into that realm. Yes I am maxi...

aadwen

We bought and sold a home, had a mix of taxable and non-taxable relocation benefits from the move from my work, which my wife is concerned about being overly complex. I’ve always used TurboTax

Any reason to divert from my standard methods?

Thanks!

Merry Christmas!

aadwen

AlphaLess wrote: ↑Sun Aug 12, 2018 10:03 pm
aadwen wrote: ↑Sun Aug 12, 2018 1:59 pm Would result in an immediate savings of $2079 (3705 vs 5784)

In the light of $6 a month premium for wife on here plan, where is the 2079 coming from?

Delta between my employee plus kids, vs entire family healthcare cost.

aadwen

any other opinions?

aadwen

Correct

Max out of pocket for me and kids is 12334

Me + kids 8533, Wife 6722 = 15255

Thanks!

aadwen

Wife's school district covers her insurance premium, well all but $6 per month. Right now we are on a HSA through my work as a family. Should we consider moving her off? Would result in an increased in maximum out of pocket (15255 vs 12334) - $2921 increase Would result in an immediate savings of $2...

aadwen

I would like to put 18.5k in each. We will see how things go, will be easier when both kids are in public school next year, only 1 more year of daycare.

aadwen

TCG Advisors is the plan administrator, and while they offer some Vanguard funds, their flat rate fee they charge is .55 .10% Matrix Trust/Custodian $18.50 per year + .25% of assets per year .30% Investment Advisor Fee - You pay these no matter what, even if you choose your own funds. Is this still ...

aadwen

No I would rather just leave it where it is since it’s through fielding, has good fund choices, and will allow access if we retire early with no penalty.

aadwen

Interesting insight, thanks everyone.

aadwen

What are your thoughts on taking bonds from 401k, loan to myself to pay 3% car loan off and paying back into 401k?

Wouldn’t this make more sense than using cash? Effectively using the loan to increase my 401k balance?

aadwen

Wife is changing school districts this year. Can she just keep her 457 account in place and open a new one at her new job or does it have to be transferred?

She had fidelity at her old district, new one appears to be limited with fees, more details to come on that.

Thanks!

aadwen

Karndean is excellent, prob the best looking stuff out there. They scan actual wood planks and print those and their planks have actual texture and have a beveled edge.

We got the hickory peppercorn color. very durable.

aadwen

They just joined USAA and need to check with them.

aadwen

That works!

aadwen

My wife’s parents are relocating to live near us and have sold their current home and need $50k loan to cover the delta of the new home. Lenders they have talked to say that’s below their minimum. What is the best way to secure the amount? I told him to do a 401k loan but he was concerned that he wo...

aadwen

delrinson wrote: ↑Wed Jun 27, 2018 4:35 am
aadwen wrote: ↑Tue Jun 26, 2018 11:28 pm i found a 2.7 @ 13 months
Where?

See my other post. Independent Bank

aadwen

That’s not true. I’m well within the 24% bracket.

aadwen

i found a 2.7 @ 13 months

aadwen

My work has asked me to calculate how much I would like to receive to cover the tax burden of the moving expenses, due to the tax law change that occurred at the start of the year. Payroll has told me how much they plan on withholding from my paycheck, which is 29.65% of the move expense which will ...

aadwen

Yep, with 1-year brokered CD at 2.40%, 2.7% for 13-month is great. Hopefully you won't have an emergency that requires you to do an early withdrawal, as that could result in a low or even negative return, depending on the early withdrawal terms. Kevin Thats why I only put half of my cash in there. ...

aadwen

Independent Bank, Rockwall TX, wasnt sure on forum rules for advertising.

aadwen

I was at my bank yesterday getting my account number so I could transfer some funds to Ally when I saw a sticker on our tellers shirt about their bonus CD offer.

Needless to say, I parked half of my emergency fund in a 13 month CD @ 2.7, seemed like a pretty solid deal.

aadwen

We just closed on our house on the 16th. Inspector noted some cracked shingles on roof and flashing needing repair. Had owners take care of that before we moved in. Insurance company had adjuster come by and take photos of house post closing last week and now are demanding I replace my roof or they ...

aadwen

Thank you, no state tax in Texas.

Sounds like the consensus is to go ahead and do it since employer is paying me back, BUT not to do it if I wasnt Getting reimbursed.

aadwen

The interest saving is what's important, not the difference in payment, because some of the difference in payment is difference in principal reduction aka equity growth. And the interest difference will be undiluted by taxation if you are both MFJ and not much of a charitable giver, because at 3.5%...

aadwen

I wouldn't do it if I was paying the points, In this case it is reimbursed by my company and taxable.

So I would basically do 7200 * tax rate / $50 savings per payment

So after 2.6 years or so, the would effectively pay for my monthly HOA dues.

aadwen

I wouldn't do it if I was paying the points, In this case it is reimbursed by my company and taxable.

So I would basically do 7200 * tax rate / $50 savings per payment

So after 2.6 years or so, the would effectively pay for my monthly HOA dues.

aadwen

I have the opportunity to pay 2 points on a 360k loan (7200) to move the interest rate from 3.75 to 3.5 on a 30 year conventional loan.

I would be taxed on the 7200 but this seems like a no brainer.

Anyone have any good reasons not to do this?

Thanks!

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