Search found 1042 matches

by investor1
Fri Oct 16, 2020 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs 401K Matching?
Replies: 9
Views: 1393

Re: Salary vs 401K Matching?

If you are going to put that money into your retirement portfolio, a 401k match is a way to extend your tax advantaged space since it doesn't count toward your 402g limit.
by investor1
Fri Nov 22, 2019 9:58 am
Forum: Personal Investments
Topic: Why ally bank
Replies: 98
Views: 18653

Re: Why ally bank

I guess I don't see the advantage of the new bucket approach versus having multiple savings accounts with Ally and using each account as a bucket. I don't want to have to go to Ally to manage my automated transfers. I do that through my credit union and that manages transfers to/from other accounts as well. I like having it all in one place.
by investor1
Thu Feb 07, 2019 9:10 am
Forum: Personal Investments
Topic: How does the IRS know about Roth IRA contributions?
Replies: 7
Views: 1752

Re: How does the IRS know about Roth IRA contributions?

Backdoor Roth for both years.

For 2018, recharacterize into a tIRA, then convert it back to your Roth, then file an ammended return to report the recharacterization. You'll report the conversion next year since it occurred in 2019.

For 2019, just follow the typical backdoor Roth steps.
by investor1
Mon Jan 28, 2019 3:57 pm
Forum: Personal Investments
Topic: Roth IRA over contribution
Replies: 7
Views: 615

Re: Roth IRA over contribution

The IRA contribution limit for 2018 was $5500 (or $6500, if you are 50 yrs old or older). If you over contributed, you can call the company you have the IRA through and explain to them that you had excess contributions for 2018. They'll send you a check for the excess amount along with any interest it may have earned.
by investor1
Thu Jan 24, 2019 11:09 am
Forum: Personal Investments
Topic: Can you exchange funds inside your Vanguard Roth IRA?
Replies: 5
Views: 2213

Re: Can you exchange funds inside your Vanguard Roth IRA?

Yes, certainly. You should see the exchange under My Accounts > Buy & Sell > Exchange Vanguard Funds.
by investor1
Thu Jan 24, 2019 11:00 am
Forum: Personal Investments
Topic: Help w/ HSA contributions w/o HDHP
Replies: 2
Views: 336

Help w/ HSA contributions w/o HDHP

Last year I had a HDHP with an HSA. My employer does not direct funds into my HSA through payroll. Instead, I transfer funds over myself via automated transfer. For 2019, I no longer have a HDHP which means I'm not suppose to contribute to an HSA. However, I forgot about my automated transfer until now and have already contributed some amount to my HSA.

I should note that there is a chance that I'll change jobs throughout the year which could result in me enrolling in a HDHP. However, I don't wish to count on that.

What can I do to reverse my 2019 contributions to my HSA so I can avoid any penalty?
by investor1
Sun Jan 20, 2019 6:38 pm
Forum: Personal Investments
Topic: Saving accounts
Replies: 46
Views: 4521

Re: Saving accounts

I use multiple savings accounts for specific goals/buckets. I have a separate checking account for monthly spending. My paycheck is deposited into my checking account, and I have automatic transfers to move the money from my checking account to my savings accounts each pay period. It allows me to budget the rate that I want to prioritize a savings goal and automate it so I don't have to do anything once it is setup.
by investor1
Sun Jan 20, 2019 3:22 pm
Forum: Investing - Theory, News & General
Topic: Tell me your HSA strategy/advice
Replies: 55
Views: 10511

Re: Tell me your HSA strategy/advice

I'm nowhere near retirement age. My HSA strategy is to keep cash in the amount of my OOP max, then invest the rest similar to how I allocate my retirement funds by using low cost, diverse mutual funds that track their market's average. I just use a more conservative asset allocation given that my horizon for using these funds could be shorter than that of my retirement accounts since I might need the money for health care expenses at some point.
by investor1
Sun Jan 20, 2019 3:17 pm
Forum: Investing - Theory, News & General
Topic: Automatic Investing in new Fidelity HSA (Individual)
Replies: 10
Views: 3240

Re: Automatic Investing in new Fidelity HSA (Individual)

I've had a Fidelity HSA for years, and I've never figured out how to do this. I simply login once a month and buy assets using the direct deposits that were contributed throughout the month.
by investor1
Thu Jan 10, 2019 3:43 pm
Forum: Personal Investments
Topic: Roth IRA Phaseout?
Replies: 7
Views: 1032

Re: Roth IRA Phaseout?

krow36 wrote: Thu Jan 10, 2019 2:12 pm I could have been clearer. You need to report the contribution you made in 2018 on the 2018 Form 8606. That form will also ask for the balance on Dec 31, 2018. The conversion in 2019 will be reported on a 2019 Form 8606, and sent in with your 2019 tax return in 2020. I believe that a note explaining what you did should also be included?

Be sure and study the Form 8606 directions and ask questions if you need to. There are lots of good aids for filling out the form, although mistakes are often reported. Google "Backdoor Roth" and white coat investor or tbf or the BH Wiki.
That makes sense. Thanks again!
by investor1
Thu Jan 10, 2019 1:40 pm
Forum: Personal Investments
Topic: Roth IRA Phaseout?
Replies: 7
Views: 1032

Re: Roth IRA Phaseout?

Thanks!

Is that a typo? It looks like you referenced the same form for 2018 and beyond 2018.
by investor1
Thu Jan 10, 2019 12:55 pm
Forum: Personal Investments
Topic: Roth IRA Phaseout?
Replies: 7
Views: 1032

Roth IRA Phaseout?

Hey, I think my mAGI for 2018 is going to be in or above the phaseout for a Roth IRA. I fully funded my Roth IRA last year since I didn't expect to be in the phaseout.

My understanding is that I can recharacterize my contributions into a traditional IRA, then convert them back into my Roth IRA. Is this still the case? I'm unsure given the changes made in 2018.

I don't currently have a tIRA, so no worries about existing holdings there.
by investor1
Thu Jan 19, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 341
Views: 45905

Re: How much is your cell phone bill?

~$22.50/month on Ting <100 minutes / month since I use my computer for VoIP for most calls. 0 SMS since I use Google Voice and Facebook. <500 MB / month since I'm on WiFi most of the time. If that is their sprint network that would cost you $11 on tello and you'd get unlimited 2g speed data after your 500mb lte. if on tmobile then consider mintsim for $199 a year (unlimited everything and 2gblte a month) or USmobile is like ting with a menu of options but will cost $14 a month for the same. You could even look at speedtalkmobile and save even more. Hmm, I've never heard of most of those companies before. Thanks, I'll look into it. One of the things I like about Ting is that I don't have a plan. They simply have usage buckets and wherever I...
by investor1
Thu Jan 05, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: How much is your cell phone bill?
Replies: 341
Views: 45905

Re: How much is your cell phone bill?

~$22.50/month on Ting

<100 minutes / month since I use my computer for VoIP for most calls.
0 SMS since I use Google Voice and Facebook.
<500 MB / month since I'm on WiFi most of the time.
by investor1
Tue Dec 06, 2016 8:50 am
Forum: Personal Investments
Topic: New cash into a retirement portfolio
Replies: 6
Views: 1166

Re: New cash into a retirement portfolio

Why not live off of it and DCA in the rest until you've either spent it or invested it all? This way you leave your current assets invested.
by investor1
Tue Dec 06, 2016 7:00 am
Forum: Personal Investments
Topic: 40 year old new investor asset allocation question
Replies: 3
Views: 798

Re: 40 year old new investor asset allocation question

If you are comfortable with 65/35, then it is reasonable.
If you want a 3 fund portfolio, then setup a 3 fund portfolio rather than a 3 fund account.
You didn't mention what you hold in FIDO. The easiest thing to do is call VG and let them handle it. Though, you should check to see if you can roll this into your 401k (assuming you have a good one). This would allow you to solve the next question using a Backdoor Roth IRA (read the wiki).
See above.
by investor1
Tue Dec 06, 2016 6:53 am
Forum: Personal Investments
Topic: So the ROTH is maxed, 403B maxed... am I leaving anything out?
Replies: 11
Views: 1952

Re: So the ROTH is maxed, 403B maxed... am I leaving anything out?

Make sure you have an emergency fund.
I assume both you AND your wife are max'ing out seperate Roth IRAs.
Do you have HSAs?
by investor1
Tue Dec 06, 2016 6:47 am
Forum: Personal Investments
Topic: What to do with a sum of money
Replies: 8
Views: 1273

Re: What to do with a sum of money

Open up a brokerage account with Vanguard, have them move the money there, and invest it according to your IPS.
by investor1
Tue Aug 30, 2016 9:12 am
Forum: Personal Investments
Topic: College student with extra cash
Replies: 3
Views: 815

Re: College student with extra cash

A small down payment for what after graduation?
by investor1
Mon Aug 29, 2016 1:16 pm
Forum: Personal Consumer Issues
Topic: Eating Healthy/Meals for One
Replies: 65
Views: 8909

Re: Eating Healthy/Meals for One

I thought frozen veggies had a bunch of preservatives added to them. Best case scenario seems like you'd be adding a bunch of salt to your diet which is already in a bunch of stuff. It would seem to me to be something to generally avoid if you are looking for a whole foods / minimally processed diet.

I mean, you could do worse, but you can certainly do better.
by investor1
Mon Aug 29, 2016 11:28 am
Forum: Personal Consumer Issues
Topic: Eating Healthy/Meals for One
Replies: 65
Views: 8909

Re: Eating Healthy/Meals for One

I think some of you guys are overlooking the time 'cost'. Cooking fresh (nuking frozen meals doesn't count) for 1 often makes little sense with regards to time spent vs. value/effect. Sure, you can cook 3-4 portions at once and freeze/refrigerate the remainder for future meals, but as the OP has already found out, that gets old/mundane quick. It's also hard to find a couple hours a week to allocate to cooking, at least for professionals working 50 hour weeks, commuting, etc. as all of the other household chores and to-dos need to be handled by that same person. Some fresh fruit & veggies are also problematic since even the smallest quantity sold at the grocery store usually cannot be eaten before they go bad. I refuse to buy fresh stra...
by investor1
Mon Aug 29, 2016 10:51 am
Forum: Personal Consumer Issues
Topic: Eating Healthy/Meals for One
Replies: 65
Views: 8909

Re: Eating Healthy/Meals for One

What size is your freezer? Is it large enough to store those family sized packages of meat if you repackage them into single servings? If so, buy a vacuum sealer and do that.

Are you sure you can't buy meat cut to order at your butcher's counter? Maybe I need to get out more, but all of my local stores will do this. I can walk up and ask for, say two chicken breasts, and they'll give it to me.

I assume meat is your main problem given what you posted. Is there something else? It seems fairly easy to buy fruit, veggies, berries, and pantry items for one, but maybe that is different where you live as well.
by investor1
Wed Aug 24, 2016 6:43 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 3130

Re: Dealing with insurance companies

drawpoker wrote:
pshonore wrote:....Any offer will be on behalf of the other driver and if you accept it, the case is closed.
Er, not quite. Depending on the laws in the OP's state, this may constitute an action for what is termed a deficiency judgment, and the case is most assuredly not "closed". Unless you sign a binding agreement that you accept the money as full compensation and agree you will not pursue any legal action, of course.

This is the danger when trying to discuss legal situations here. Not a real good idea as there is so much variance in the laws state by state.
What would I search for to figure out the laws in my area? I'm in Oregon.
by investor1
Wed Aug 24, 2016 6:16 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 3130

Re: Dealing with insurance companies

Arbitration is used during subrogation, and in this case there will be no subrogation as the OP does not carry collision coverage. Small claims court would be your best solution if you do not agree with the settlement offer from the Insurance company. I would supply the estimate to the insurance company as the amount may have some bearing on the liability determination based on where your damage starts on your vehicle. Being damaged in the side would be better than the front in liability terms. Good luck on this, Dan Do I take what they offer and take the other driver to court over the remaining amount, or do I reject the offer from his insurance company all together? Any offer will be on behalf of the other driver and if you accept it, th...
by investor1
Wed Aug 24, 2016 6:03 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 3130

Re: Dealing with insurance companies

dwickenh wrote:Arbitration is used during subrogation, and in this case there will be no subrogation as the OP does not carry collision coverage. Small claims court would be your best solution if you do not agree with the settlement offer from the Insurance company. I would supply the estimate to the insurance company as the amount may have some bearing on the liability determination based on where your damage starts on your vehicle. Being damaged in the side would be better than the front in liability terms.

Good luck on this,

Dan
Do I take what they offer and take the other driver to court over the remaining amount, or do I reject the offer from his insurance company all together?
by investor1
Wed Aug 24, 2016 2:19 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 3130

Re: Dealing with insurance companies

Should I tell his insurance company what the estimate to repair my car is or wait until they determine fault?
by investor1
Wed Aug 24, 2016 1:06 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 3130

Re: Dealing with insurance companies

mwm158 wrote:Definitely sue the driver, they're the one at fault. If they lose, then the insurance company has to pay. They'll also do their defense and stuff if it gets that far. I was sued once for an accident that my insurance company said I was not at fault for. They gave me a lawyer, I had to go to court, and ultimately we won.
Good to know. Thank you.
by investor1
Wed Aug 24, 2016 12:52 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 3130

Re: Dealing with insurance companies

mwm158 wrote:I've had a similar experience. Had an accident, clearly not my fault, I had no collision coverage. Their insurance kept trying to give me nonsense scenarios about how it might have been my fault. Jumped through a lot of hoops for 2 months. Finally told them I was fed up and would be suing, and then magically they paid 100%. Long story short, I have collision coverage now.
Who did you threaten to sue? The other driver or the insurance company?
by investor1
Wed Aug 24, 2016 12:51 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 3130

Re: Dealing with insurance companies

I'm a bit further on in the process than you are but here is what I know. I was sitting at a red stop light and the light turned green. I was 3/4 of the way through the intersection and a person tried to turn in front of me and hit the front quarter panel of my car. It was all on captured video of the intersection and reviewed by the responding police officer. The other driver was cited for running a red stop light and we went our ways. I gave statements to both my insurance company and their insurance company. Both said it sounded like the other guy was completely at fault. A month later, the other insurance company said they found me 20% at fault since I didn't see the other person running a red stop light until it was too late. I compla...
by investor1
Wed Aug 24, 2016 12:26 pm
Forum: Personal Consumer Issues
Topic: Cutting the Cord - Playstation Vue
Replies: 21
Views: 3137

Re: Cutting the Cord - Playstation Vue

You should also look into Sling TV. It is similar to PS Vue. They offer a different channel selection with different pricing tiers. You can also add on buckets of channels for an additional fee.

Compare the channel lineups and see what is cheaper for what you want.
by investor1
Wed Aug 24, 2016 12:13 pm
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 3130

Re: Dealing with insurance companies

260chrisb wrote:Beware; his insurance company will call you, do an interview, and find you partially responsible thus reducing their cost. My guess is they will find you 20% responsible and will pay 80% of the claim.
I already gave a statement to them. This was the day of, and they had not determined fault yet. Hence my questions.
by investor1
Wed Aug 24, 2016 11:43 am
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 3130

Re: Dealing with insurance companies

pshonore wrote:
Rupert wrote:You should be able to file a claim on your own collision policy and have your insurance company pursue the other guy through subrogation. The only downside to doing that is you have to pony up your deductibles when you get the car repaired and then wait for your insurance company to reimburse that to you once they've collected from the other company through subrogation, which can take months. I can't imagine why your insurance company didn't mention this option to you, unless you don't have a collision policy?
I believe he stated he carries liability only; no physical damage.
Correct.
by investor1
Wed Aug 24, 2016 11:43 am
Forum: Personal Investments
Topic: 39 Year Old Couple - Need Advice
Replies: 14
Views: 4380

Re: 39 Year Old Couple - Need Advice

1. Using the calculation of age minus 10 to get the bond allocation, I calculated 29% (39 years old minus 10), but after looking at our "professionally" managed accounts, they're very aggressive. I'm not experienced in investing which is why we had/have professionals handle it for us, but are these AA still acceptable? For reference, the Vanguard 2045 (VTIVX) is 90%/10%. AA should be whatever you are comfortable enough with to stay the course regardless of what the market does. I think many target date funds shift from a 90/10 split down to a 60/40 split slowly over time aiming to hit 60/40 at retirement time. They continue to shift downward over time while in retirement. Sometimes at a different rate. See https://www.bogleheads....
by investor1
Wed Aug 24, 2016 11:16 am
Forum: Personal Consumer Issues
Topic: Dealing with insurance companies
Replies: 25
Views: 3130

Dealing with insurance companies

I was recently in a fender bender. I was pulling into a parking space at work when the guy in the spot next to me opened his door which ended up going through my bumper cover, damaging my headlight, and put a small dent in my hood. His door was damaged. Nobody was injured. The guy admitted fault at the scene (though, I have no idea what he told his insurance company). The other end of the parking space is a curb, so it should be obvious that I wasn't zipping through the space since I had to stop in a few feet anyway. I have liability insurance only, so when I called my insurance company, they basically said it wasn't my fault and I had to work it out with his insurance company. My insurance already closed the claim created when I called. I ...
by investor1
Thu Aug 11, 2016 6:31 am
Forum: Personal Investments
Topic: Investing for retirement 101 Help
Replies: 5
Views: 1083

Re: Investing for retirement 101 Help

Do you plan on remaining in the US after you retire?
by investor1
Sat Aug 06, 2016 12:11 pm
Forum: Personal Investments
Topic: Where to store a house fund when you don't want a house for a while?
Replies: 11
Views: 2104

Re: Where to store a house fund when you don't want a house for a while?

dm200 wrote:With such a long timeframe, one approach is to max out retirement funding (401k, IRA, etc.) - and then, as the timeframe is closer, divert any excess to saving for house.
Yep, I've been doing that for years as well.
by investor1
Sat Aug 06, 2016 10:27 am
Forum: Personal Investments
Topic: Where to store a house fund when you don't want a house for a while?
Replies: 11
Views: 2104

Re: Where to store a house fund when you don't want a house for a while?

Thanks for the advice, everyone. I think I'll go with a three fund portfolio with a conservative AA and a glide path similar to that of my retirement portfolio.
by investor1
Fri Aug 05, 2016 9:31 pm
Forum: Personal Investments
Topic: Where to store a house fund when you don't want a house for a while?
Replies: 11
Views: 2104

Where to store a house fund when you don't want a house for a while?

Howdy, Some time ago, I convinced myself that I wanted to be a home owner. While I'm sure that will be the case down the road, it just isn't at the moment. I have been saving for a down payment for years and have roughly $100k sitting in a high interest savings account for this sole purpose. I recently accepted a job offer in another city. While I am sure I'll love the job, I already know I don't want to settle in this city long term, so I don't plan on buying a house while I am there. I will likely be there for 5-10 years, and am unsure where I'll land next. For this reason, I've decided that it is inefficient to keep my down payment fund in a savings account. I'd like to move it elsewhere to somewhere that I get a greater return, and I'd ...
by investor1
Wed Jul 27, 2016 1:25 pm
Forum: Personal Investments
Topic: Pay down mortgage now, or wait?
Replies: 9
Views: 3210

Re: Pay down mortgage now, or wait?

I'd leave the money invested in something else. 1.84% shouldn't be that hard to beat after taxes. You can always pay it off later if you wish.
by investor1
Wed Jul 27, 2016 12:08 pm
Forum: Personal Investments
Topic: Age 30, married, help w/ overall portfolio
Replies: 20
Views: 4348

Re: Age 30, married, help w/ overall portfolio

Duckie's response is excellent. The only thing I'd add is you seem to list your Roth IRA under "emergency funds." Given the penalties inherent in withdrawing from these early (and the complexity of borrowing from them), I wouldn't consider anything in an IRA to be emergency funds, regardless of the relative safety of the underlying investment. It is a Roth IRA. They can take out the contributions anytime they wish. What stuck out to me was that the OP didn't list any ongoing contributions to either his or her Roth IRA. His 457b have decent stock options that may be used to simulate a total stock market fund. There is certainly nothing wrong with doing that, but it adds complexity where it may be much more simple to contribute to ...
by investor1
Tue May 31, 2016 6:47 pm
Forum: Personal Consumer Issues
Topic: Separate data partition on dual-boot system?
Replies: 60
Views: 6531

Re: Separate data partition on dual-boot system?

For years, my process has been:

1. Install Windows
2. Disable hibernation
3. Disable system restore, kernal memory dump, and the pagefile system.
4. Run disk cleanup
5. Defragment the drive
6. Shrink the drive
7. Re-enable the items listed in step 3.
8. Install Linux

The last step automatically creates two new partitions. One for the OS and your linux files and another for the linux swap space.

I don't have a need to access my linux files from windows. Only the other way around and linux can already read those files. I also have a USB drive where I store some files, so I can use that if I really need to get to a linux file from windows.
by investor1
Tue May 31, 2016 6:38 pm
Forum: Personal Investments
Topic: Finally getting serious... Need advice
Replies: 8
Views: 1500

Re: Finally getting serious... Need advice

If you are counting on your employer for $125k of salary each year, do you really want to count on them for $65k worth of stock every year? Do you want to also count on them for nearly half of your portfolio? Advice on this board tends to go the route of being heavily diversified which the above does not accomplish. Why not move out of your position in the company's stock and into something more like a target date fund, or, say, a three fund portfolio that you manage yourself? I assume at least some of that stock is more than a year old. Meaning you can sell it and pay long term capital gains tax. You should verify that along with the tax rate that you would be charged by the state of California (if any). From there, you could sell the shar...
by investor1
Mon Apr 18, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Progressive or Geico?
Replies: 37
Views: 9957

Re: Progressive or Geico?

Geico is typically cheaper since they don't use OEM parts. I've never had a claim, so cheaper = better for me.
by investor1
Mon Apr 18, 2016 11:40 am
Forum: Personal Finance (Not Investing)
Topic: How Did You File Your Income Taxes for 2015?
Replies: 101
Views: 12324

Re: How Did You File Your Income Taxes for 2015?

Free eFile. Both state and federal.
by investor1
Wed Feb 03, 2016 7:38 pm
Forum: Personal Consumer Issues
Topic: Do you pay for exercise?
Replies: 222
Views: 24806

Re: Do you pay for exercise?

Yes, I pay $10/month and an additional $25/year for 24/7 access to a gym that provides both cardio and weights (free weights and cable machines) as well as a locker room, shower, bathroom, steam room, and sauna. They offer more services, but they cost more, and I don't use or pay for them.

It rains a lot where I am, so I prefer to exercise inside, and I rent, so I don't have the space to put together a home gym.
by investor1
Wed Feb 03, 2016 7:29 pm
Forum: Personal Consumer Issues
Topic: Best Tips for Packing & Moving?
Replies: 14
Views: 2260

Re: Best Tips for Packing & Moving?

Get boxes of the same size. Either buy them, get them for free off of Craigslist, or go to the local liquor store and ask them for free boxes (IMHO those boxes are not big enough). Remember, the bigger the box, the fewer the the trips you must make. Balance that with your ability to carry the boxes. You want the boxes to be the same size because they will stack a lot easier in the moving truck making them more stable as you drive around. Get rope to anchor everything down inside the moving truck. Get blankets to cover any wood, glass, or other items that might get scratched or dinged. Items WILL shift as the truck moves. Stack items high in the moving truck to ensure you have plenty of space for everything. Pack early and often. Pack one ro...
by investor1
Wed Feb 03, 2016 1:18 pm
Forum: Investing - Theory, News & General
Topic: Vanguard expectations for 2016
Replies: 11
Views: 3266

Re: Vanguard expectations for 2016

Hodor wrote:
investor1 wrote:I guess this means I can still buy assets for a low price.
Actually what he seems to be implying is that assets are expensive by historical standards.
My assumption is that today's prices will be much lower than they will by the time I begin selling my assets. The idea that the price of these assets not going up very much in the near future gives me more time to buy at a lower price than they would otherwise be.
by investor1
Wed Feb 03, 2016 1:15 pm
Forum: Personal Investments
Topic: Would love input on retirement investing strategy for a novice trying to make deep strides.
Replies: 52
Views: 5015

Re: Would love input on retirement investing strategy for a novice trying to make deep strides.

Save as much as you can. I think your projection of earning a "market average" of 10% is way too high. You can withdraw from your 401ks w/o penalty beginning the year you turn 55 as long as you leave the employer that provides that 401k the same year. You didn't list your income level, but seem to be concerned about the phaseout for contributing to a deductible IRA (or two). Keep in mind the income limits for people who participate in a workplace retirement plan (aka 401k, etc.) are much lower than the standard phaseout limits. Make sure you are under that limit if you wish to utilize a deductible IRA. Once you decide which type of IRAs to contribute to, just open a them with VG (since you seem to like them) and begin funding them...