Search found 78 matches

by robiu977
Tue Jan 12, 2021 3:06 pm
Forum: Personal Investments
Topic: Solo 401k and rollover IRA
Replies: 7
Views: 530

Re: Solo 401k and rollover IRA

I just transferred the rollover IRA to TDA from VG but they are having trouble getting her solo 401k from VG. Is it possible for me to just transfer the new TDA solo 401k to the old VG solo 401k account or is it better to still make the VG transfer and then potentially start over with a new VG solo...
by robiu977
Tue Jan 12, 2021 2:41 pm
Forum: Personal Investments
Topic: Solo 401k and rollover IRA
Replies: 7
Views: 530

Re: Solo 401k and rollover IRA

I just transferred the rollover IRA to TDA from VG but they are having trouble getting her solo 401k from VG. Is it possible for me to just transfer the new TDA solo 401k to the old VG solo 401k account or is it better to still make the VG transfer and then potentially start over with a new VG solo ...
by robiu977
Wed Dec 30, 2020 10:06 am
Forum: Personal Investments
Topic: Transitioning to a new job, both with 401k profit sharing
Replies: 2
Views: 249

Re: Transitioning to a new job, both with 401k profit sharing

My accountant stated that I can receive profit share from both jobs so long as they do not exceed $58,000 total. Does anyone know anything differently? Thank you.
by robiu977
Tue Dec 29, 2020 10:25 am
Forum: Personal Investments
Topic: Transitioning to a new job, both with 401k profit sharing
Replies: 2
Views: 249

Transitioning to a new job, both with 401k profit sharing

I will speak with my accountant later today but want to run this by the forum. I am currently in a physician practice and receive a 13.25% profit share. I have accepted a new job with tentative plans to begin that June 1, 2021. They offer a 15% profit share up to $200k salary (so $30k/year contribut...
by robiu977
Sat Nov 21, 2020 12:08 pm
Forum: Personal Investments
Topic: Solo 401k and rollover IRA
Replies: 7
Views: 530

Solo 401k and rollover IRA

Hello, hopefully a quick and straightforward question. My wife has a rollover IRA in VG. She just opened a solo 401k at VG last year. I should have opened a solo 401k that accepts a rollover so will likely move to TD Ameritrade so we can do a backdoor Roth and avoid the pro rata rule. Do you know if...
by robiu977
Thu Oct 18, 2018 9:45 am
Forum: Personal Investments
Topic: 529 and state of GA
Replies: 1
Views: 249

529 and state of GA

Quick question I’ve been trying to research but decided to ask for advice here. My wife and I just had our first child a week ago. Since she’s been pregnant I’ve been funding a 529 account through Nevada (VG) with her as the beneficiary. I plan to change it to my child’s name before the end of the y...
by robiu977
Sat Dec 09, 2017 1:58 pm
Forum: Personal Investments
Topic: Advice/suggestions for wife's new company
Replies: 13
Views: 1400

Re: Advice/suggestions for wife's new company

I guess I am still slightly confused about the one-participant 401k plan. Does this mean the company opens an account and makes all contributions for each partner/owner? If so, does the number need to be the same across the board? Also, would you recommend this over other options? I will have more ...
by robiu977
Sat Dec 09, 2017 11:14 am
Forum: Personal Investments
Topic: Advice/suggestions for wife's new company
Replies: 13
Views: 1400

Re: Advice/suggestions for wife's new company

Like surveyor I mean no disrespect, but they are not even remotely ready to "launch" this company. The state of their strategic planning and organization or rather the lack thereof, does not bode well. What is so special about 12/1 other than it is the first of the month. If you hare goin...
by robiu977
Fri Dec 01, 2017 8:13 am
Forum: Personal Investments
Topic: Advice/suggestions for wife's new company
Replies: 13
Views: 1400

Re: Advice/suggestions for wife's new company

Thank you everyone, all great tips and advice!
by robiu977
Thu Nov 30, 2017 11:18 am
Forum: Personal Investments
Topic: Advice/suggestions for wife's new company
Replies: 13
Views: 1400

Re: Advice/suggestions for wife's new company

Thank you very much for the insightful reply, Spirit Rider. I should say that she has consulted with an attorney so they aren't behind the 8 ball as much as you may think but probably to some extent they are. She told me they will be an LLC. Her partner has run similar small companies before and it ...
by robiu977
Thu Nov 30, 2017 8:05 am
Forum: Personal Investments
Topic: Advice/suggestions for wife's new company
Replies: 13
Views: 1400

Advice/suggestions for wife's new company

Hi, I am looking for friendly advice on how my wife should setup her new company that is launching tomorrow. As a side note, she will discuss everything with our accountant but I am always looking for different ideas (plus he hasn't called us back this week :? ). She is starting a woman owned busine...
by robiu977
Fri Apr 28, 2017 5:56 pm
Forum: Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 195
Views: 72002

Re: Time to reach 1M and 2M milestones

Finished residency June 2010 with just under 200k (maxed out retirement accounts and tried to save most of what I made) 1M - Sept 2014 2M - Jan 2017 I had a very significant increase in salary after July 2012. I am also including my home which we paid in cash July 2016 (highly desirable area where I...
by robiu977
Thu May 21, 2015 3:12 pm
Forum: Personal Investments
Topic: Post tax investing or Pay off 2.95% Mortgage?
Replies: 39
Views: 6686

Re: Post tax investing or Pay off 2.95% Mortgage?

We are in a similar situation as you (OP). Everything is maxed out and we have a 15 yr mortgage at 3.375% that started 3 years ago. We have already paid off half of it since I have made a lot of extra payments. What I do is automatically invest into vanguard each week (personal preference) and at th...
by robiu977
Mon May 18, 2015 5:03 pm
Forum: Personal Investments
Topic: Time to reach 1M and 2M milestones
Replies: 195
Views: 72002

Re: Time to reach 1M and 2M milestones

Graduated med school in 2005. I was lucky and fortunate to have zero debt but essentially no assets. Finished residency in 2010. I maxed out my 401k and Roth IRAs during these years. We made it to the 1M mark in March 2015 at the ages of 36 (this does NOT include the $350,000 in home equity we have)...
by robiu977
Sat Apr 11, 2015 2:25 pm
Forum: Personal Investments
Topic: Two Comma Club
Replies: 94
Views: 21261

Re: Two Comma Club

I don't agree with omitting home equity in calculating net worth. Using that logic, I could sell my paid-for house and start renting to increase my net worth? Hit two commas March 2, including home value. Using home equity and other "assets" that have value if sold certainly is a valid ar...
by robiu977
Fri Apr 10, 2015 9:12 am
Forum: Personal Investments
Topic: Two Comma Club
Replies: 94
Views: 21261

Re: Two Comma Club

Congrats! :sharebeer Welcome to the club. We're only one bear market away from regression. :mrgreen: Thanks for the dose of reality! Haha, yea, especially since we have a high % of equity in our AA (we are mid-30s) ... we could certainly dip under the 2 comma club even probably a year or two from n...
by robiu977
Fri Apr 10, 2015 8:50 am
Forum: Personal Investments
Topic: Two Comma Club
Replies: 94
Views: 21261

Re: Two Comma Club

Nice job! I also had been looking forward to this club and we finally hit it the beginning of March when I calculated our net worth (and this is without $360,000 in home equity which I did not include for obvious reasons). We gave each other a nice fist bump and I "treated" ourselves to a ...
by robiu977
Mon Mar 30, 2015 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Another can I afford this house thread
Replies: 11
Views: 1597

Re: Another can I afford this house thread

I think this is almost a "no brainer." That commute is horrid, you're wasting anywhere from 10-15% of your life sitting in a car and traffic! I am in a similar situation as you except I'm 3 years older. My wife and I make slightly more than you do but it's pretty close. At your age, 3 year...
by robiu977
Mon Mar 30, 2015 8:38 am
Forum: Personal Finance (Not Investing)
Topic: umbrella vs. asset protection
Replies: 6
Views: 1212

Re: umbrella vs. asset protection

The OP asked a very complex question in only a few words. From what I gather, the question being asked is whether an umbrella policy will help cover yourself from a major medical malpractice lawsuit vs "asset protection" such as creating an expensive and complex trust, house in spouse's na...
by robiu977
Thu Mar 19, 2015 10:52 am
Forum: Personal Investments
Topic: 25 years old, 100k cash to invest, need help/advice
Replies: 12
Views: 4562

Re: 25 years old, 100k cash to invest, need help/advice

You are doing well and came to a great place. Post your 401k options and people can help you more. Definitely read up, don't listen to your friends on a "can't miss" investment, and stay the course with solid, buy and hold funds. A few tips: 1. Emergency fund - keep about 6 months in a sav...
by robiu977
Wed Mar 18, 2015 9:20 pm
Forum: Personal Investments
Topic: State 529 Plan - How much to contribute?
Replies: 32
Views: 6657

Re: State 529 Plan - How much to contribute?

GA state taxes are anywhere upto 6%. That is the reason for difference in credit from $80 (4%) to $120(6%) per beneficiary. The calculator I used showed that i would actually lose a small amount in federal which ended up being a total of $72 total in tax savings. $120 in state minus $48 in federal ...
by robiu977
Tue Mar 17, 2015 1:36 pm
Forum: Personal Investments
Topic: State 529 Plan - How much to contribute?
Replies: 32
Views: 6657

Re: State 529 Plan - How much to contribute?

Georgia has a pretty good plan relatively speaking. I also was under the impression it's $2000 per tax payer for the state deduction or $4000 total for two parents. That's a decent deduction for us. I decided not to put anymore in after doing some research including asking for advice on this forum....
by robiu977
Tue Mar 17, 2015 1:00 pm
Forum: Personal Investments
Topic: State 529 Plan - How much to contribute?
Replies: 32
Views: 6657

Re: State 529 Plan - How much to contribute?

Georgia has a pretty good plan relatively speaking. I also was under the impression it's $2000 per tax payer for the state deduction or $4000 total for two parents. That's a decent deduction for us. I decided not to put anymore in after doing some research including asking for advice on this forum....
by robiu977
Tue Mar 17, 2015 12:54 pm
Forum: Personal Investments
Topic: State 529 Plan - How much to contribute?
Replies: 32
Views: 6657

Re: State 529 Plan - How much to contribute?

We can contribute and deduct up to $2000 per child regardless of income in our state (GA). We have 2 kids (age 4, 2). I'm wondering if we should contribute more, maybe up to the max allowable limit ($14K) per child? We currently maximize our 401K/TSP/tIRAs/SEP IRA, and I'm not really sure what othe...
by robiu977
Tue Mar 17, 2015 10:07 am
Forum: Personal Investments
Topic: State 529 Plan - How much to contribute?
Replies: 32
Views: 6657

Re: State 529 Plan - How much to contribute?

We can contribute and deduct up to $2000 per child regardless of income in our state (GA). We have 2 kids (age 4, 2). I'm wondering if we should contribute more, maybe up to the max allowable limit ($14K) per child? We currently maximize our 401K/TSP/tIRAs/SEP IRA, and I'm not really sure what othe...
by robiu977
Wed Mar 11, 2015 4:22 pm
Forum: Personal Investments
Topic: Which 529 plan are you using?
Replies: 61
Views: 13746

Re: Which 529 plan are you using?

We live in GA and use Nevada mainly for simplicity. I like to keep things as simple and consolidated as possible. When I log onto VG, I see my taxable account, Roth (his and hers), rollover 401k (hers), and now the 529 plan. We do not have any children yet so I only have a small amount in her name. ...
by robiu977
Wed Feb 18, 2015 8:22 am
Forum: Personal Investments
Topic: Thoughts on my portfolio - young physician
Replies: 21
Views: 2864

Re: Thoughts on my portfolio - young physician

The 9 square box does refer to the morningstar X-ray tool. Some people do like to overweight in one area, such as small cap value. It is a good idea to know where your equity is located so you're not unknowingly overweighted or underweighted. Someone asked why so much emergency funds? Do what you're...
by robiu977
Tue Feb 17, 2015 8:23 am
Forum: Personal Investments
Topic: Thoughts on my portfolio - young physician
Replies: 21
Views: 2864

Re: Thoughts on my portfolio - young physician

I will throw out a response since no one else has. I am also a physician and the same age as you. Your investments and strategy appear very solid. The only comments I have (again not a professional but have been following the advice of this board for close to 10 years now): 1) Are you able to rollov...
by robiu977
Thu Jan 02, 2014 1:28 pm
Forum: Investing - Theory, News & General
Topic: [Poll] What was your 2013 return?
Replies: 209
Views: 15956

Re: What was your 2013 return?

Vanguard: 15.3%
401k: 31.04%

I'm approx 90% equity in those accounts as I keep a fairly good amount in a savings account. I also am on pace to pay off my 15 yr mortgage in about 5-6 years and max out I and E bonds.
by robiu977
Thu Oct 10, 2013 11:10 am
Forum: Personal Investments
Topic: what to invest during government default?
Replies: 16
Views: 2242

Re: what to invest during government default?

Hopefully you moved all your equities into cash yesterday since today is such an awful day :oops: Best advice ... stay the course and don't look at the stock indices. That is why you come up with an appropriate asset allocation, to withstand the ups and downs on your portfolio. I know nothing earth ...
by robiu977
Wed Dec 21, 2011 3:37 pm
Forum: Personal Investments
Topic: Yearly Portfolio Review
Replies: 20
Views: 1810

Re: Yearly Portfolio Review

I also agree that it'd be great if I felt 100% at ease with the simple 4 fund portfolio that some propose on here but I do like to slice and dice a little more. I am sure if the Int'l REITs and small cap funds were kicking butt then everyone would like my overall portfolio more. I do feel that the ...
by robiu977
Wed Dec 21, 2011 3:09 pm
Forum: Personal Investments
Topic: Yearly Portfolio Review
Replies: 20
Views: 1810

Re: Yearly Portfolio Review

i am glad to see you are analyzing your own portfolio. i too am an anesthesiologist 4 years out of training. i have been battered by all the advisers that prey on the graduating class. i have gone through the same retirement account decisions as you from the roth contributions during residency to t...
by robiu977
Tue Dec 20, 2011 7:33 pm
Forum: Personal Investments
Topic: Yearly Portfolio Review
Replies: 20
Views: 1810

Re: Yearly Portfolio Review

Yes, you are right, I meant traditional 401k, not tIRA. The whole Roth conversion was something I debated for quite a while and asked several people. If my memory serves me correctly, I posted that question on this board. I am sure I can look back through my old threads and see what advice was given...
by robiu977
Tue Dec 20, 2011 4:58 pm
Forum: Personal Investments
Topic: Yearly Portfolio Review
Replies: 20
Views: 1810

Re: Yearly Portfolio Review

I could rack my brain trying to guess what the tax laws will be when I retire and the die, but as we all know, things will likely be very, very different then. We see this argument a lot and it's illogical. If you're going all Roth you've already decided that your income when not working will be hi...
by robiu977
Tue Dec 20, 2011 11:58 am
Forum: Personal Investments
Topic: Yearly Portfolio Review
Replies: 20
Views: 1810

Re: Yearly Portfolio Review

He probably meant to say that he converted in 2010 and spread the taxes over 2011 and 2012. Yes, that is what I meant. I converted it in 2010 and the taxes are "due" in 2012 and 2013. Sorry for the confusion. In terms of the Roth fascination, yes, the taxes are high and I've spoken to sev...
by robiu977
Tue Dec 20, 2011 9:20 am
Forum: Personal Investments
Topic: Yearly Portfolio Review
Replies: 20
Views: 1810

Yearly Portfolio Review

Hi, I am hoping to receive portfolio advice. I am an anesthesiologist in Georgia. I've been out of residency for 18 months. In July 2012, I will make partner in my group and my salary will increase by about 35-40%. I am contributing to the max of my Roth 401k. I started profit sharing in the company...
by robiu977
Tue Oct 26, 2010 12:18 pm
Forum: Personal Investments
Topic: In a serious Financial Advisor Blues funk.
Replies: 14
Views: 1912

This is the perfect example of just how bad some financial advisors are. When I first started making money (not much) and wanted to open a Roth, I met the FA that my parents used. He brought over all the fancy charts and graphs and recommended a "great" Goldman Sachs fund for my Roth. Hmm,...
by robiu977
Mon Oct 25, 2010 11:11 am
Forum: Personal Investments
Topic: Someone help me understand this about Vanguard
Replies: 9
Views: 2401

Don't want to start a whole new thread nor hijack this one, but the new Total Int'l Stock Index is sounding more and more appealing, especially if and when admiral shares are offered (has the minimum been set, as in $10k?). The question is, I have the FTSE-All World (large cap) in my taxable account...
by robiu977
Sun Oct 03, 2010 8:02 am
Forum: Personal Investments
Topic: AA help
Replies: 17
Views: 2025

VFSVX is just fine in both taxable and tax-advantaged. It should be reasonably tax-efficient after this year (it is about 1-year old and new funds have growing pains). If you want foreign funds to be 35% of your equities, then I would recommend that VFSVX be up to 50% of your foreign funds or about...
by robiu977
Sun Oct 03, 2010 7:41 am
Forum: Personal Investments
Topic: AA help
Replies: 17
Views: 2025

Another question I have is about Vanguard FTSE All-World ex-US Small-Cap Index (VFSVX). If I included this in my portfolio, is it recommended to add in a tax advantaged account? Also, what is the recommended % some of you would aim for, or at least in my case with my desired allocation?

Thank you.
by robiu977
Fri Oct 01, 2010 4:02 pm
Forum: Personal Investments
Topic: AA help
Replies: 17
Views: 2025

Re: AA help

Morning star X-ray shows: V C G US=48%, Int'l=26%, Bond=24%, Cash=2% L 18 18 22 Large=58%, Mid=29%, Small=15% M 11 9 9 S 5 5 5 A few points: 1) Am I too much overweighted in mid and small caps? I think you are underweighted in small-cap value and overweighted in large-cap growth. If you could chang...
by robiu977
Fri Oct 01, 2010 2:36 pm
Forum: Personal Investments
Topic: AA help
Replies: 17
Views: 2025

So to add on to my confusion here: 1) Should I try to pay some tax now on the Roth conversion? Will that be the same as paying on April 2011? Yes that would be the same. You suggested that you may not be able to pay the taxes on the entire amount today, I was simply, but not effectively, stating th...
by robiu977
Fri Oct 01, 2010 2:04 pm
Forum: Personal Investments
Topic: AA help
Replies: 17
Views: 2025

So to add on to my confusion here: 1) Should I try to pay some tax now on the Roth conversion? Will that be the same as paying on April 2011? 2) Getting back to my initial question, even with these sizeable costs next year, I still feel that I have "too much" money sitting in my ING bank a...
by robiu977
Fri Oct 01, 2010 1:54 pm
Forum: Personal Investments
Topic: AA help
Replies: 17
Views: 2025

Re: AA help

To address the Roth conversion, all the advice I received before and calculators point to me converting to a Roth. I like the fact I can take the money out whenever I want and pass along all Roth money to future heirs tax free. I know it's a huge tax hit now but feel it is worth it. No, you can't. ...
by robiu977
Fri Oct 01, 2010 1:08 pm
Forum: Personal Investments
Topic: AA help
Replies: 17
Views: 2025

AA help

Thank you for the replies. I will try to answer your questions. "1. Do you have a 401k/403b at work? If self employed have you considered starting one for yourself?" I finished my residency in June and had a 457, which I was able to max out at 16,500 for this year. I took all that 457 mone...
by robiu977
Fri Oct 01, 2010 8:44 am
Forum: Personal Investments
Topic: AA help
Replies: 17
Views: 2025

AA help

Hi everyone, I just re-organized my portfolio yesterday and thought I'd share. I am a 32 year old, single male who will get married in 2011, in 33% federal tax bracket, live in GA (6%). I will be converting a little over $100k to a Roth for 2010 tax year. I currently have my IRA maxed out for the ye...
by robiu977
Fri May 14, 2010 8:02 am
Forum: Personal Investments
Topic: Portfolio, disability, life insurance advice
Replies: 5
Views: 1354

Thank you for the disability advice, my friend told me he has gone through Berkshire so maybe I'll get that agent's info. Here are some funds I am considering, all vanguard of course: 1) Large -Windsor VWNDX -Windsor II VWNFX -Growth and Income VQNPX -Morgan Growth VMRGX 2) Mid: -Extended Market Ind...
by robiu977
Thu May 13, 2010 3:02 pm
Forum: Personal Investments
Topic: Portfolio, disability, life insurance advice
Replies: 5
Views: 1354

I'm guessing that your annual contributions will quickly (within 1-2 years?) overwhelm your current assets so it may not make a huge difference how you allocate. Anything you need in the next 5 years (wedding, etc) should be in cash-like instruments. Life insurance - assuming your fiancee is a fina...
by robiu977
Tue May 11, 2010 5:44 pm
Forum: Personal Investments
Topic: Portfolio, disability, life insurance advice
Replies: 5
Views: 1354

Portfolio, disability, life insurance advice

Hi, posting again since my financial status will be changing drastically and I have a whole lot of rearranging to do. I am a current anesthesia resident about to graduate this summer and will be taking a full time job in Georgia. I have been socking away a lot of money to rollover into an IRA and ev...