Search found 52 matches

by nyinca
Sun Aug 07, 2016 4:48 pm
Forum: Personal Investments
Topic: Accidentally funded more than $14000 for 529 plan
Replies: 4
Views: 566

Re: Accidentally funded more than $14000 for 529 plan

Yes I have a spouse. In the past she has contributed separately to each child (separate 529 account in her name) as well but not to max. This year she has contributed nothing. How would that work for upto 28k gift to child but only from one 529 account? We obviously won't be contributing anything ad...
by nyinca
Sun Aug 07, 2016 4:38 pm
Forum: Personal Investments
Topic: Accidentally funded more than $14000 for 529 plan
Replies: 4
Views: 566

Accidentally funded more than $14000 for 529 plan

I have 3 children who each have 529s (6 yo, 4 yo, 4 mo). I already contributed 14K to 6 yo 529 this year 2016. I contributed 14k to 4 yo this year 2016. I had contributed 11.5K to 4 month old in 2016 and was looking to max to 14K with $2500. When doing contribution however, I accidentally assigned t...
by nyinca
Fri Sep 04, 2015 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Did you increase home owners/flood insurance after paying off Mortgage?
Replies: 16
Views: 1587

Re: Did you increase home owners/flood insurance after paying off Mortgage?

I guess the way I'm looking at it is when you have the house paid off, you are carrying the entire risk if the property were to be subjected to a natural disaster versus splitting the risk with the bank when you have a mortgage. Currently my flood insurance does not cover the entire value of the pro...
by nyinca
Fri Sep 04, 2015 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Did you increase home owners/flood insurance after paying off Mortgage?
Replies: 16
Views: 1587

Did you increase home owners/flood insurance after paying off Mortgage?

I am working towards paying off my home mortgage and anticipate it will be paid off within a year. For those who have paid off their house, did you increase your homeowners insurance as you got closer to paying off the entire mortgage? I did increase my homeowners insurance coverage when I got umbre...
by nyinca
Fri Aug 28, 2015 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to prevent lifestyle creep
Replies: 28
Views: 4626

Trying to prevent lifestyle creep

Any suggestions that people have found to be very helpful? We LBOM however I recently got YNAB to get a better picture at how much we are spending on various items. We have two kids with a third on the way and can afford it but would like to have a good handle on our budget and be mindful of increas...
by nyinca
Fri Jul 03, 2015 10:38 am
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 142
Views: 24577

What age did you become debt free and what opportunities did it create?

Happy fourth everyone.

Given that holding "good" debt is so ingrained in the mainstream culture I was wondering for those who have become debt free (or striving to be), what age did you accomplish this? And what opportunities/satisfaction has it created for you?
by nyinca
Fri May 22, 2015 1:35 am
Forum: Personal Investments
Topic: Post tax investing or Pay off 2.95% Mortgage?
Replies: 39
Views: 5762

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

I did not know about "recasting your mortgage". We have already paid off 67% of the mortgage. Would this be a larger incentive to recast? Before finding bogleheads I was reluctant to invest so I made payments to reduce my mortgage. This was prior to refi. After finding bogleheads I became more aggre...
by nyinca
Sun May 17, 2015 9:10 pm
Forum: Personal Investments
Topic: Post tax investing or Pay off 2.95% Mortgage?
Replies: 39
Views: 5762

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

Thanks for the input. We are both 40 yo and we both have 401ks, IRAs and 529s for 2 kids (preschool age). We also own a rental property with a 3.75% mortgage. Very reliable tenants for the past 2 years and essentially are breaking even on cost of rental/repairs/taxes etc. Would anyone consider payin...
by nyinca
Sat May 16, 2015 10:07 am
Forum: Personal Investments
Topic: Post tax investing or Pay off 2.95% Mortgage?
Replies: 39
Views: 5762

Post tax investing or Pay off 2.95% Mortgage?

401k, Roth IRA (backdoor), HSA, 529s funded to max already this year. I have a 2.95% mortgage (15 year) after refi 2 years ago (5.25%->2.95%). Investments are 3 fund portfolio across retirement and post tax investing according to tax efficiency with 5% REIT. My emergency fund currently has grown to ...
by nyinca
Sat Apr 25, 2015 12:43 am
Forum: Personal Investments
Topic: Giving Vanguard VTSMX as a Wedding Gift
Replies: 34
Views: 3968

Re: Giving Vanguard VTSMX as a Wedding Gift

Thanks for the helpful feedback for those who commented on the logistics. It would be too complicated of a process. I actually like the idea of writing a check and using it as a bookmark, thats a great idea. For those who think its a terrible gift, I didn't really ask if you thought it would be a go...
by nyinca
Wed Apr 22, 2015 11:42 pm
Forum: Personal Investments
Topic: Giving Vanguard VTSMX as a Wedding Gift
Replies: 34
Views: 3968

Re: Giving Vanguard VTSMX as a Wedding Gift

Yes cash would be easier. No forcing of ideologies of investing, this person has done a lot for others through the years and wants to get their future life in order. Agrees with Boglehead philosophy just hasnt made the formal step to invest yet (still overly cautious with what they have saved). I th...
by nyinca
Wed Apr 22, 2015 8:46 pm
Forum: Personal Investments
Topic: Giving Vanguard VTSMX as a Wedding Gift
Replies: 34
Views: 3968

Giving Vanguard VTSMX as a Wedding Gift

Was wondering if anyone knew the logistics of this. Person I want to gift to does not have a Vanguard account. Is it possible?
by nyinca
Sat Mar 07, 2015 11:30 am
Forum: Personal Finance (Not Investing)
Topic: How long did you stay in your starter home?
Replies: 87
Views: 12643

How long did you stay in your starter home?

For those who have bought starter homes, how long did you stay? And did anyone decide to stay in their starter home? We have two young children with plenty of space, and they could grow into our starter home as teenagers. Current location is very convenient to downtown (we both work downtown) and we...
by nyinca
Sun Jan 25, 2015 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 65
Views: 10748

Re: Success stories of NOT buying more/too much house

Thanks for all of the great replies. We live in a high cost of living area and the property taxes alone on a larger property are a huge turnoff. I am blessed to have a spouse who is on the same page regarding not letting the mortgage limit your freedom to do other things. Kids are still young but th...
by nyinca
Sun Jan 25, 2015 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Success stories of NOT buying more/too much house
Replies: 65
Views: 10748

Success stories of NOT buying more/too much house

We are happy in our current home but I actively am trying to fight lifestyle creep. Sq footage is fine for current house with 2 kids and we have done nice reno to the house. Would ideally like more land but the houses we are looking at would be 2-3x the cost of our current house (which we can afford...
by nyinca
Sun Sep 14, 2014 10:33 am
Forum: Personal Finance (Not Investing)
Topic: CIT Bank for savings (thinking of switching)
Replies: 1
Views: 449

CIT Bank for savings (thinking of switching)

I saw an old post from a year ago on CIT Bank. Most reviews were positive at that time. I have had a personal savings AmEx account for 5 years, but they keep dropping the rate lower than Ally, and just heard of CIT bank which has the highest rates. Positive or negative experience for those who have ...
by nyinca
Sun Aug 31, 2014 9:59 am
Forum: Personal Investments
Topic: Need advice on where to invest in REITs in my portfolio
Replies: 10
Views: 1856

Re: Need advice on where to invest in REITs in my portfolio

I have tax efficient funds in my 401k and taxable. So yes there is room to do a switch as you mentioned. Roth currently is all REIT. HSA is also currently all REIT as well. I have no REITS anywhere else currently in my portfolio. Living in CA, would it be better to go with a higher ER REIT (CSRIX) i...
by nyinca
Sun Aug 31, 2014 12:41 am
Forum: Personal Investments
Topic: Need advice on where to invest in REITs in my portfolio
Replies: 10
Views: 1856

Re: Need advice on where to invest in REITs in my portfolio

Yes, I am in the highest bracket and also live in CA.
by nyinca
Sat Aug 30, 2014 11:46 pm
Forum: Personal Investments
Topic: Need advice on where to invest in REITs in my portfolio
Replies: 10
Views: 1856

Need advice on where to invest in REITs in my portfolio

Hi Everyone, I would like to increase my REIT investment allocation to 10% of my portfolio. I currently have a 3 fund portfolio with 5% REIT across 401k/HSA/taxable. I have placed my REIT investments currently in: 1) my Roth IRA (Vanguard REIT Index, VGSLX, ER 0.1%), max contribution 2) my HSA with ...
by nyinca
Wed Jul 16, 2014 12:33 am
Forum: Investing - Theory, News & General
Topic: REITs vs Rental Properties?
Replies: 7
Views: 1984

Re: REITs vs Rental Properties?

Thanks everyone for the informative replies! I appreciate it.
by nyinca
Tue Jul 15, 2014 2:29 pm
Forum: Investing - Theory, News & General
Topic: REITs vs Rental Properties?
Replies: 7
Views: 1984

REITs vs Rental Properties?

Ive read a few articles regarding the pros and cons regarding both. The allure of having rental properties generate "passive" income sounds great but obviously that is not always the scenario and owning rentals requires more work than investing in a REIT index. Was wondering for those who own rental...
by nyinca
Sat Jul 05, 2014 9:50 am
Forum: Personal Finance (Not Investing)
Topic: How secure are Vanguard/Fidelity Apps?
Replies: 14
Views: 3615

How secure are Vanguard/Fidelity Apps?

I have a 401k with Fidelity and use Vanguard for the rest of my investments. Was wondering if anyone has tried out the Vanguard and/or Fidelity Apps for iphone. I like to use Full View from Fidelity but only access it on my home computer and only access my Vanguard account on my home computer. Any s...
by nyinca
Mon Nov 11, 2013 11:17 pm
Forum: Personal Investments
Topic: 30 year Return of 3 fund portfolio?
Replies: 2
Views: 911

30 year Return of 3 fund portfolio?

Not sure if this has been posted or answered in the past. Was wondering if anyone has any reference on what the return would have been if someone had held a 3 fund portfolio (60/40 split) for the last 30 years. Better yet, Age adjustments for bonds would be nice (age-10) if starting at the age of 30...
by nyinca
Thu Oct 03, 2013 12:06 pm
Forum: Personal Investments
Topic: Whole Life help as part of portfolio
Replies: 8
Views: 872

Re: Whole Life help as part of portfolio

Thank you for the input everyone. The insurance company is Guardian-Berkshire. They have a reputation for stability (which is how I got roped into the policy in the first place during my more naive days). Taylor, I have both term and whole. The whole insurance death benefit is significant therefore ...
by nyinca
Thu Oct 03, 2013 9:10 am
Forum: Personal Investments
Topic: Whole Life help as part of portfolio
Replies: 8
Views: 872

Whole Life help as part of portfolio

Hi Everyone, I am a newbie having found the bogleheads in January. Thanks for the all of the information, and essentially I now have a 3 fund portfolio with some REITS. Years ago, I was sold a Whole life policy. Yes, I now know the mistakes I have made in getting this policy however I am 10 years in...
by nyinca
Sun Jul 07, 2013 9:48 pm
Forum: Personal Investments
Topic: Percentage of Tax Deferred/Taxable in your portfolio?
Replies: 20
Views: 1757

Re: Percentage of Tax Deferred/Taxable in your portfolio?

I guess another way of looking at it is assessing how aggressive one has been at saving/investing after they have maxed out their tax deferred space. I for example have about 85% of my portfolio in tax deferred account as that has been the only place I have been investing over the past few years. I ...
by nyinca
Sun Jul 07, 2013 9:20 pm
Forum: Personal Investments
Topic: Percentage of Tax Deferred/Taxable in your portfolio?
Replies: 20
Views: 1757

Percentage of Tax Deferred/Taxable in your portfolio?

Was wondering from long time investors/bogleheads what percentage of their portfolio is in Tax Deferred/Taxable? Still a newbie, but have taken advantage of all of my tax deferred space over the last few years. Am now looking to increase allocations into my taxable accounts. I will still continue to...
by nyinca
Sat Jun 15, 2013 6:49 pm
Forum: Personal Investments
Topic: Help with selecting/understanding TIPS fund
Replies: 5
Views: 980

Re: Help with selecting/understanding TIPS fund

Thank you for the information.

What makes a TIPS fund (LTPZ) more volatile? The length of duration?
by nyinca
Sat Jun 15, 2013 4:05 pm
Forum: Personal Investments
Topic: Help with selecting/understanding TIPS fund
Replies: 5
Views: 980

Help with selecting/understanding TIPS fund

Hi everyone, I have posted before regarding living in CA and having an HSA through which I would like to invest in a TIPS fund (to avoid state tax in HSA in CA). The rest of my portfolio is balanced to the AA that I want between stocks/bonds thru my 401k/Roth/Taxable. I want to add TIPS but am still...
by nyinca
Wed May 15, 2013 6:46 pm
Forum: Personal Investments
Topic: iSERP - what is it?
Replies: 5
Views: 1395

Re: iSERP - what is it?

Thanks MossySF, thats what I was thinking also. Just a glorified life insurance policy.
by nyinca
Wed May 15, 2013 8:29 am
Forum: Personal Investments
Topic: iSERP - what is it?
Replies: 5
Views: 1395

Re: iSERP - what is it?

Thanks for the info. Not sure if there is a distinction between "iserp" and serp. It appears the life insurance aspect is used to keep funds solvent.
by nyinca
Wed May 15, 2013 12:30 am
Forum: Personal Investments
Topic: iSERP - what is it?
Replies: 5
Views: 1395

iSERP - what is it?

The medical group I work for (multispecialty group) just informed us an opportunity to participate in an iSERP. Is this just a way to get us to buy into a whole life type of policy? We already have a 401k with company match and profit sharing which I max out every year. Im not interested in iSERP if...
by nyinca
Sat May 11, 2013 1:43 pm
Forum: Personal Investments
Topic: TIPS with Fidelity through HSA
Replies: 6
Views: 1101

TIPS with Fidelity through HSA

I have an HSA and live in California. Through research and this board, TIPS has been a recommendation given CA's view of HSAs and taxing growth. I am in 39% tax bracket and highest CA state tax bracket. Please help with the following: 1) If I invest into TIPS through my HSA, am I exempt from all tax...
by nyinca
Sun Apr 28, 2013 5:45 pm
Forum: Personal Investments
Topic: Where to Invest HSA (live in CA)?
Replies: 2
Views: 457

Where to Invest HSA (live in CA)?

Would like to hear recs on where to invest HSA.

High earner and I live in CA, high tax bracket (39%)
I max out 401ks, Roths (backdoor), and 529s.

In CA I've been told that HSA earnings are taxed. I'd prefer to invest in something simple preferably with Vanguard.
by nyinca
Sun Apr 21, 2013 5:30 pm
Forum: Personal Investments
Topic: Want to get to $5 mill by age 60.
Replies: 6
Views: 2470

Re: Want to get to $5 mill by age 60.

I will look into this. We are not eligible for direct roth contributions but we are using back door conversions yearly.

Thanks for the info, and thanks for the input everyone.
by nyinca
Sat Apr 20, 2013 10:28 pm
Forum: Personal Investments
Topic: Want to get to $5 mill by age 60.
Replies: 6
Views: 2470

Want to get to $5 mill by age 60.

Wife and I are both physicians in late 30s (36,37). Live in CA so are highly taxed Networth 1.4 mill (this includes our house and rental house asset included + other assets/emerg fund) Total current retirement portfolio is 650K (401k and recent backdoor roths his/her, following essentially 3 fund po...
by nyinca
Sat Apr 06, 2013 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Tax Strategies for Rental Home
Replies: 4
Views: 664

Re: Tax Strategies for Rental Home

Thanks for the link. this is helpful.
by nyinca
Sat Apr 06, 2013 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Tax Strategies for Rental Home
Replies: 4
Views: 664

Tax Strategies for Rental Home

My wife and I recently bought a second home down the street from us. It is for her parents so that they could move closer to us. We live in California and are high earners in the 39% fed tax bracket. We avoided PMI by putting down a larger balance to get into the house. Her parents now make monthly ...
by nyinca
Wed Apr 03, 2013 11:28 pm
Forum: Personal Investments
Topic: How much to put into savings/investments each year
Replies: 12
Views: 1408

How much to put into savings/investments each year

Ive read the recommendations of saving certain percentages of your earnings. My question is for those who have accomplished their goals of saving/investing and have retired early or as anticipated. How much did you put away a year in savings? x how many years? How much did you put towards investment...
by nyinca
Fri Mar 29, 2013 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Front loading 529 plans, yes or no?
Replies: 10
Views: 3360

Front loading 529 plans, yes or no?

For those of you with 529s, do you feel it makes a significant difference in overall growth if you front load 5 years at the beginning of setting up a 529 plan? Obviously it gives longer time for growth, was just wondering the degree of real difference this could cause at the end. My kids are 1 and ...
by nyinca
Fri Mar 29, 2013 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: How do you set your saving goals and find a balance?
Replies: 40
Views: 3623

Re: How do you set your saving goals and find a balance?

Goal #5: to have $1,000,000 in 529 accounts. I am nowhere near any of these goals yet. That's what keeps me going.[/quote] Not to tangent the subject matter, but is there a maximum you can accumulate in a 529 plan? Are you anticipating opening another plan in another state, Im still new to all of th...
by nyinca
Fri Mar 29, 2013 5:42 pm
Forum: Personal Investments
Topic: EE vs I BONDs vs TIPS in Asset Allocation
Replies: 3
Views: 650

EE vs I BONDs vs TIPS in Asset Allocation

Was wondering where/if it is advised to incorporate EE/I vs TIPS in portfolio. Specifically in someone who has already developed a 3 fund portfolio.

Also, Im sure its been discussed so please list link if available of what is preferred I vs E vs TIPS?
by nyinca
Fri Mar 22, 2013 11:07 pm
Forum: Personal Investments
Topic: Good expense ratio savings calculator?
Replies: 14
Views: 14832

Re: Good expense ratio savings calculator?

Thank you.
by nyinca
Fri Mar 22, 2013 10:48 pm
Forum: Personal Investments
Topic: Good expense ratio savings calculator?
Replies: 14
Views: 14832

Good expense ratio savings calculator?

Hi everyone, I was wondering if anyone knows of a good expense ratio savings calculator. Specifically, suppose you have two portfolios each worth 100k. They both attain a growth rate of 5% over one year but have differing expense ratios (.1% vs .7%). How much will you save? If you reinvest these sav...
by nyinca
Fri Mar 22, 2013 12:21 pm
Forum: Personal Investments
Topic: Portfolio Advice for 36 yo Newbie
Replies: 12
Views: 1599

Re: Portfolio Advice for 36 yo Newbie

Much appreciated! Thanks for the great info.
by nyinca
Fri Mar 22, 2013 12:25 am
Forum: Personal Investments
Topic: Portfolio Advice for 36 yo Newbie
Replies: 12
Views: 1599

Re: Portfolio Advice for 36 yo Newbie

Duckie, Thank you for the analysis. This was very helpful and informative. I added up all of the allocation numbers and the portfolio makes sense. My taxable account has a small balance so I am fine with rebalancing my portfolio overall wit incurring tax cost on the taxable account transactions. How...
by nyinca
Thu Mar 21, 2013 10:06 pm
Forum: Personal Investments
Topic: Portfolio Advice for 36 yo Newbie
Replies: 12
Views: 1599

Re: Portfolio Advice for 36 yo Newbie

If you max out one 529 account, can you open another in the childs name? My goal is to try to pay for undergraduate for my kids, grad school (if they are willing and able) will be on them. Im just curious. You're right, the expenses add up quickly especially as the portfolio compounds! I will look i...
by nyinca
Thu Mar 21, 2013 5:37 pm
Forum: Personal Investments
Topic: Portfolio Advice for 36 yo Newbie
Replies: 12
Views: 1599

Re: Portfolio Advice for 36 yo Newbie

Thank you very much for the replies. This is helpful information regarding 529 and tax efficiency. For those with 529s, does anyone prefer the Nevada plan aggressive option over fine tuning it yourself? Also, is there a particular guideline for int'l allocation that is recommended? For stocks/bonds ...