Search found 55 matches

by richard37
Fri Oct 06, 2017 2:49 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1617
Views: 289801

Re: What are you up YTD? [Year To Date]

Up 14.96% YTD. 80/20 portfolio with 30% of stocks in international and emerging markets.
by richard37
Tue May 09, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: 529 vs. taxable investment account for college
Replies: 33
Views: 3819

Re: 529 vs. taxable investment account for college

How do they know what you are spending the 529 dollars on?? There is obviously a list of eligible items but I never really thought about how they verify you are actually spending your 529 on them. We are in a fairly similar situation. 2 yr old and 4 yr old. Fortunate enough to have a relative give u...
by richard37
Mon Feb 06, 2017 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Contributing to 529
Replies: 3
Views: 664

Re: Contributing to 529

Hi Jeremy Congrats on the twin boys first of all! Sounds like you have some more sleep deprivation on the horizon before things get better again. We're not in a too dissimilar situation so I can tell you what we do and how we think about it. We have two kids age two and four. I opened 529s for each ...
by richard37
Fri Jan 13, 2017 4:44 pm
Forum: Investing - Theory, News & General
Topic: "Why 97% of People Don't Use 529 College Savings Plans."
Replies: 153
Views: 33721

Re: "Why 97% of People Don't Use 529 College Savings Plans."

I went back and forth on this but ended up opening two NY 529s for our kids (age 2 and 4). I work in NY and live in NJ so get some sort of tax break. We are fortunate enough to max out both our 401ks and Roth IRAs and contribute monthly into both 529s. We also are fortunate enough to have a family m...
by richard37
Tue Dec 13, 2016 5:06 pm
Forum: Investing - Theory, News & General
Topic: The age old 529 plan vs retirement question
Replies: 14
Views: 2197

Re: The age old 529 plan vs retirement question

We have been able to max out both our 401Ks, backdoor Roth IRAs and invest in two 529s. Kids are 2 and 4 and my plan is to stop putting money into the 529s when they reach 100K or maybe a bit higher. I will leave that to grow and put future contributions into taxable accounts for the kids. That way ...
by richard37
Mon Jul 25, 2016 9:09 am
Forum: Investing - Help with Personal Investments
Topic: 529 plans?
Replies: 31
Views: 3957

Re: 529 plans?

Daftinvestor / tnr thanks for the replies!! Haven't thought about postgrad and not planning on factoring that into the 529 equation. We are in NJ and looks like Rutgers is around 30K for in-state including room and board / books etc. Was thinking about stopping the 529s when they hit 100K. I figured...
by richard37
Mon Jul 25, 2016 8:26 am
Forum: Investing - Help with Personal Investments
Topic: 529 plans?
Replies: 31
Views: 3957

Re: 529 plans?

Sorry to crash this thread but thought easier to ask a 529 question here rather than start another thread. We have two kids. a three and a half yr old and a one and a half yr old. My wife's grandfather has been generously making an annual donation to both kids so between that and what we save we are...
by richard37
Tue Jul 12, 2016 3:49 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1617
Views: 289801

Re: What are you up YTD? [Year To Date]

5.17%

20% Bonds
40% Large Cap
10% Mid Cap
5% Small Cap
20% International and Emerging Markets
5% REIT
by richard37
Fri Aug 28, 2015 11:30 am
Forum: Investing - Theory, News & General
Topic: Include Cash in Asset Allocation?
Replies: 7
Views: 779

Re: Include Cash in Asset Allocation?

So should my AA be something like 65% stock, 25% bonds and 10% cash etc? Or should I just keep it simple and split stocks and bonds and then have a separate emergency fund / savings account?

Cheers
by richard37
Fri Aug 28, 2015 9:24 am
Forum: Investing - Theory, News & General
Topic: Include Cash in Asset Allocation?
Replies: 7
Views: 779

Include Cash in Asset Allocation?

Hi there. Pretty happy with my asset allocation and think I'm pretty well diversified. Around 75% stocks and 25% bonds with stocks split between domestic large cap, mid cap and small cap, International and emerging markets and REITs. I never included cash in my asset allocation and was wondering wha...
by richard37
Tue Feb 17, 2015 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell individual stocks
Replies: 9
Views: 964

Re: Should I sell individual stocks

Thanks guys. She's had them for a long time so no idea if I even have any of that info. They're held with Computershare but their site is a pain at the best of times.
by richard37
Tue Feb 17, 2015 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell individual stocks
Replies: 9
Views: 964

Re: Should I sell individual stocks

Just noticed I posted this in the theory, news & general board by mistake. If someone could move to the correct board that would be great!!

Thanks
by richard37
Tue Feb 17, 2015 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell individual stocks
Replies: 9
Views: 964

Should I sell individual stocks

Hi all - My wife has some stock (her grandmother gifted it to her years ago) and I was wondering if we would be better selling it and reinvesting the proceeds in some of our low cost mutual funds instead. We're not talking about huge sums but feel that money could be better used. This is what we hav...
by richard37
Sat Jan 03, 2015 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k + Roth IRA limits
Replies: 13
Views: 1441

Re: Roth 401k + Roth IRA limits

mnvalue wrote:Why would the amount be limited? It's fine to rollover any amount.

Sorry. You're correct. Limit I was thinking about was the contribution limit of 52 or 53k.
by richard37
Fri Jan 02, 2015 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401k + Roth IRA limits
Replies: 13
Views: 1441

Re: Roth 401k + Roth IRA limits

My plan was to put this into the 401k as after tax contributions then dump it into the Roth as an in service distribution. When I learned of the company policy of suspending the company match for six months following an in service distribution that threw a wrench in my plan. You can do the in-servi...
by richard37
Thu Jan 01, 2015 9:15 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k + Roth IRA limits
Replies: 13
Views: 1441

Re: Roth 401k + Roth IRA limits

Thanks all. I guess my thinking was is it better to lose the match for six months and have the benefit of having my after tax contributions grow tax free in the Roth IRA. Company match is 4 or 5%. My wife and I are maxing out our 401ks and Roth IRAs. We may both get promotions this year which would ...
by richard37
Thu Jan 01, 2015 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k + Roth IRA limits
Replies: 13
Views: 1441

Re: Roth 401k + Roth IRA limits

My plan allows in service distributions into my Roth IRA but the company match is suspended for six months following the distribution.

Is it still worth making an annual in service distribution and forfeiting six months match? Trying to figure out how much I would need to move for it to make sense.
by richard37
Tue Dec 16, 2014 11:36 am
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 418
Views: 146155

Re: Mega Backdoor Roth IRA

My wife's 401K allows after tax contributions and up to 2 in-service distributions per year so my plan was to put after tax money into her 401K rather than into a taxable account I have at Schwab and then move into her Roth IRA once or twice a year.
by richard37
Tue Dec 16, 2014 11:05 am
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 418
Views: 146155

Re: Mega Backdoor Roth IRA

Thanks. Just read about it this week and was excited to share. Didn't realize it was a well known tool. Should have searched first before posting!!
by richard37
Tue Dec 16, 2014 10:16 am
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 418
Views: 146155

Mega Backdoor Roth IRA

[Thread merged into here, see below (next page). --admin LadyGeek] Not sure if this has been posted before but thought I would post for anyone who didn't read about it. Looks like there is a way to put even more money into your Roth IRA every year where it can grow tax free. If your 401K allows aft...
by richard37
Tue Dec 02, 2014 11:17 am
Forum: Investing - Theory, News & General
Topic: How to you assess your rate of return?
Replies: 12
Views: 1107

Re: How to you assess your rate of return?

Thanks! Was always curious when you have a well diversified portfolio how you actually figure out if it is doing well or not. I always figured that if I could average 7 or 8% a year then I was on track but interesting to hear what others do.
by richard37
Tue Dec 02, 2014 9:21 am
Forum: Investing - Theory, News & General
Topic: How to you assess your rate of return?
Replies: 12
Views: 1107

How to you assess your rate of return?

So I have been lurking on these forums for a few years and have learned a lot (thanks!). I have constructed what I think is a well diversified low cost portfolio which is basically 74% stock (30% large cap, 12% mid cap, 10% small cap and 22% international), 20% bonds and 6% REIT. I built a spreadshe...
by richard37
Mon Dec 01, 2014 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for college savings question
Replies: 16
Views: 2067

Re: Roth IRA for college savings question

I debated how to save for college for a while. Started of by putting money into a taxable investment account (we already max out 401Ks and Roth IRAs) and then recently switched to 529s. We have a 2 year old and a newborn. I get a tax break with the NY 529 plan and I figured when we hit the number we...
by richard37
Tue Aug 19, 2014 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Parents sold second home. Need advice on how to invest $$$
Replies: 5
Views: 848

Re: Parents sold second home. Need advice on how to invest

Thanks. Think they are pretty happy with their lifestyle (on the golf course 3 or 4 times a week!) so was thinking more along the lines of where to invest versus extra income.
by richard37
Tue Aug 19, 2014 8:42 am
Forum: Investing - Help with Personal Investments
Topic: Parents sold second home. Need advice on how to invest $$$
Replies: 5
Views: 848

Parents sold second home. Need advice on how to invest $$$

Hi all - My parents live in Spain and own a home there and until recently also owned an apartment (investment property). They did not have a mortgage on the apartment and have just sold it for around $150K. They are both in their early 70s, live fairly modestly, don't have a mortgage on the house or...
by richard37
Tue Jul 15, 2014 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Company just offered a Roth 401K option. Should I use it??
Replies: 20
Views: 1573

Re: Company just offered a Roth 401K option. Should I use i

You cant predict future tax brackets. So follow a tax diversification strategy. You are in the 33% bracket today. It's likely that you will be in a lower bracket when you retire. So, by putting 17.5K in a traditional and 5.5K in a Roth every year, you are hedging your bets. By following this strate...
by richard37
Tue Jul 15, 2014 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Company just offered a Roth 401K option. Should I use it??
Replies: 20
Views: 1573

Re: Company just offered a Roth 401K option. Should I use i

What is your expected bracket during retirement? If it is less than 33%, then you should stick with traditional 401(k). The answer depends on your tax bracket. Paul In the 33% bracket Paul. Thanks. It also matters if your working til 70 or plan to have a pension. Hoping to retire at age 60.
by richard37
Tue Jul 15, 2014 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Company just offered a Roth 401K option. Should I use it??
Replies: 20
Views: 1573

Re: Company just offered a Roth 401K option. Should I use i

What is your expected bracket during retirement? If it is less than 33%, then you should stick with traditional 401(k). The answer depends on your tax bracket. Paul In the 33% bracket Paul. Thanks. Sorry for my ignorance but really have no idea how to ascertain if it will be less? I would assume th...
by richard37
Tue Jul 15, 2014 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Company just offered a Roth 401K option. Should I use it??
Replies: 20
Views: 1573

Re: Company just offered a Roth 401K option. Should I use i

pkcrafter wrote:The answer depends on your tax bracket.

Paul


In the 33% bracket Paul. Thanks.
by richard37
Tue Jul 15, 2014 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Company just offered a Roth 401K option. Should I use it??
Replies: 20
Views: 1573

Company just offered a Roth 401K option. Should I use it??

Hi all - My company has a 401K plan (Fidelity) which I max out every year. I just received an email stating that starting on August 1 they will be offering a Roth contribution option to the existing 401K plan. I understand that the 17500 limit still applies and that Roth contributions are post-tax v...
by richard37
Fri May 30, 2014 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Moving money from custodial brokerage account to 529
Replies: 13
Views: 847

Re: Moving money from custodial brokerage account to 529

Actually, although I live in NJ (the NJ plan doesn't allow for tax deduction) I work in NY which allows up to 5000 tax deduction (10K for married couple filing jointly). Is that something I would benefit from if choosing a 529 plan?
by richard37
Fri May 30, 2014 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Moving money from custodial brokerage account to 529
Replies: 13
Views: 847

Re: Moving money from custodial brokerage account to 529

Thanks Gordon. A closer look at the small print on the Schwab 529 page says The Schwab 529 College Savings Plan is available through Charles Schwab & Co., Inc. and is managed by American Century Investment Management, Inc. The plan was created by the Kansas State Legislature under the provisions...
by richard37
Fri May 30, 2014 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Moving money from custodial brokerage account to 529
Replies: 13
Views: 847

Re: Moving money from custodial brokerage account to 529

Hmm. Interesting. We have Roth IRAs with Schwab and I invest in a bunch of really low cost index funds so just assumed I would have access to the same funds with their 529.
by richard37
Fri May 30, 2014 9:35 am
Forum: Investing - Help with Personal Investments
Topic: Moving money from custodial brokerage account to 529
Replies: 13
Views: 847

Re: Moving money from custodial brokerage account to 529

Thanks Rusty.

We have a lot of accounts with Schwab and they seem to have a 529. Any reason why I wouldn't want to use their 529 vs NY State, Utah etc???

Sorry. This is all pretty new to me.

Cheers
by richard37
Thu May 29, 2014 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: Moving money from custodial brokerage account to 529
Replies: 13
Views: 847

Re: Moving money from custodial brokerage account to 529

Thanks guys. Sounds like I should maybe consider opening and moving money into a 529 then. Is the 350k limit for contributions or does that include growth as well??

Thanks again!
by richard37
Thu May 29, 2014 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Moving money from custodial brokerage account to 529
Replies: 13
Views: 847

Re: Moving money from custodial brokerage account to 529

Thanks. So after it hits 140k you have to stop contributing? Given cost of college tuition and the fact we still have 16 years to go seems very low.
by richard37
Thu May 29, 2014 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Moving money from custodial brokerage account to 529
Replies: 13
Views: 847

Moving money from custodial brokerage account to 529

Our daughter is 18 months old and we have a custodial brokerage account for her which has almost 30K (70% domestic and 30% international). Decided not to open a 529 for some reason (can't remember why, possibly because I didn't like the thought of having to use it for education if she somehow got a ...
by richard37
Wed May 21, 2014 3:50 pm
Forum: Investing - Theory, News & General
Topic: Your 529 Plan - Thoughts and Strategies
Replies: 43
Views: 6127

Re: Your 529 Plan - Thoughts and Strategies

1. 18 months
2. Don't use 529. Have custodial brokerage account
3. Around 30K
4. $500 per month (but also very lucky to receive 10K per year from relative)
5. 70% SWTSX (US total stock market) 30% SWISX (International index fund)
6. NA
7. Hoping to cover all costs.
by richard37
Mon May 05, 2014 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Need help finding a ticker symbol
Replies: 5
Views: 476

Re: Need help finding a ticker symbol

Thanks guys!! It's in my wife's 401K and between her 401K, my 401K and our Roths it was the only fund I couldn't track down!! Was driving me crazy...
by richard37
Mon May 05, 2014 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Need help finding a ticker symbol
Replies: 5
Views: 476

Need help finding a ticker symbol

Hi all. Been working on our portfolio and have managed to find ticker symbols for all our funds except SSgA Global All Cap Equity ex-U.S. Index Fund .. Can't seem to find a symbol for this anywhere. Am I just being dumb or is it possible that there is no symbol?? Thanks in advance for any suggestion...
by richard37
Sat Feb 15, 2014 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice please. Relative newbie!!
Replies: 12
Views: 994

Re: Portfolio Advice please. Relative newbie!!

Thanks. Will take a look at a few other (non NJ) plans.
by richard37
Fri Feb 14, 2014 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice please. Relative newbie!!
Replies: 12
Views: 994

Re: Portfolio Advice please. Relative newbie!!

Just for reference, you can use any states plan that you like and she can go to school in any state she wants. I use the Utah plan along with many others on this site. Flexibility would be a good reason not to open one I guess but the scholarship isn't. If she gets a full scholarship, you can take ...
by richard37
Fri Feb 14, 2014 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice please. Relative newbie!!
Replies: 12
Views: 994

Re: Portfolio Advice please. Relative newbie!!

Any reason you decided not to use a 529 plan for the education fund? It does limit you to using it on higher learning education but there are good tax benefits that go along with it. I'm not sure what NJ has to offer as far as state write offs but it would be worth looking into, and no taxes on gai...
by richard37
Fri Feb 14, 2014 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice please. Relative newbie!!
Replies: 12
Views: 994

Re: Portfolio Advice please. Relative newbie!!

--Wouldn't bother splitting the REITs as they are ~2% of your portfolio each. It just doesn't do anything. --Don't include the taxable account. It's not for your retirement.....also consider 529 plan. --You have great options int he 401k and chose appropriately. Thanks! Is it worth having REIT in t...
by richard37
Fri Feb 14, 2014 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice please. Relative newbie!!
Replies: 12
Views: 994

Re: Portfolio Advice please. Relative newbie!!

Thanks Stan. Appreciate you taking the time to look over my portfolio.
by richard37
Fri Feb 14, 2014 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice please. Relative newbie!!
Replies: 12
Views: 994

Portfolio Advice please. Relative newbie!!

Hi all. Wanted to say thanks to everyone who posts on this board first of all. Have learned soooo much over the past year just lurking and reading. I discovered the board about twelve months ago when I was looking to get a better handle on our retirement portfolio and went out and read A Boglehead's...
by richard37
Wed Mar 20, 2013 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help with limited options in 401K plan
Replies: 12
Views: 2242

Re: Help with limited options in 401K plan

One more thing. Would I be right in assuming that my wife and I should both max out our 401Ks and Roth IRAs before investing in a taxable account??
by richard37
Wed Mar 20, 2013 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help with limited options in 401K plan
Replies: 12
Views: 2242

Re: Help with limited options in 401K plan

Thanks Rupert and thanks Icefr. Appreciate your help.
by richard37
Wed Mar 20, 2013 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA Question from Newbie
Replies: 9
Views: 1469

Re: Backdoor Roth IRA Question from Newbie

Thanks everyone. Really appreciate it.