Search found 78 matches
- Wed Jan 16, 2019 5:42 pm
- Forum: Investing - Theory, News & General
- Topic: John Bogle has died at age 89
- Replies: 856
- Views: 81330
Re: John Bogle is dead at 89
May he rest in peace. Although I never met him, he had a tremendous and positive impact on my life - and on so many others.
- Sun Jan 21, 2018 3:34 am
- Forum: Personal Finance (Not Investing)
- Topic: Where do you keep your emergency fund?
- Replies: 93
- Views: 13169
- Mon Sep 10, 2012 12:45 pm
- Forum: Personal Investments
- Topic: Best Investing Books for a Recent College Grad
- Replies: 25
- Views: 3293
Re: Best Investing Books for a Recent College Grad
This is where I personally started. In fact, this is the book that introduced me to the Bogleheads, this website and passive investing.jarmstrong wrote:Jack Bogle - The Little Book of Common Sense Investing
- Sun Sep 09, 2012 2:34 am
- Forum: Personal Investments
- Topic: Best Investing Books for a Recent College Grad
- Replies: 25
- Views: 3293
Best Investing Books for a Recent College Grad
My brother just graduated from college about a year ago and has been doing really well. He got a degree in Chemical Engineering and, after some effort, pulled down a solid job making around 75k a year. He currently has no debt and about 25k in Emergency Cash. Hes now looking to start investing aggressively for his retirement, although hes starting with $0 to put in the market. Before he gets in bed with a loaded fund advisor, or some other high expense ratio non-sense, I'd like to educate him on the Boglehead method, indexing and everything that we hold as truth. Recommendations on good books? Hes a big time reader and I know if I get him a few he'll dive right in. Hes very frugal and smart with money. But when it comes to investing he does...
- Sun Nov 13, 2011 4:15 am
- Forum: Personal Investments
- Topic: Starting a Coverdell ESA
- Replies: 5
- Views: 744
Re: Starting a Coverdell ESA
Vanguard isn't opening any new ones? Are these things going away or something? Any idea why?
My first guess is that the balances are too small as people don't consistently contribute to them. But it's just a guess based on zero empirical data.
My first guess is that the balances are too small as people don't consistently contribute to them. But it's just a guess based on zero empirical data.
- Sat Nov 12, 2011 1:30 pm
- Forum: Personal Investments
- Topic: Starting a Coverdell ESA
- Replies: 5
- Views: 744
Re: Starting a Coverdell ESA
I was thinking something similar. Since I need at least 3k to invest in Vanguard I figured I'd start the fund at T Rowe Price in a target retirement fund and see how it went from there.
Any recommendations on whose Target date funds are better? I've remember hearing dissent in the past over them, but having never used them I'm not really smart on that issue.
Any recommendations on whose Target date funds are better? I've remember hearing dissent in the past over them, but having never used them I'm not really smart on that issue.
- Sat Nov 12, 2011 10:00 am
- Forum: Personal Investments
- Topic: Starting a Coverdell ESA
- Replies: 5
- Views: 744
Starting a Coverdell ESA
Emergency funds = 4 Months Expenses ($10,000) Debt: None ($0) Tax Filing Status: Married filing jointly Tax Rate: 25% federal, No state income tax (file as Texas resident) Age: 27 Desired Asset allocation: Unknown Retirement portfolio asset allocation: 80/20 Equities to Bond Intl allocation: 40% My wife and I are expecting our first child in a few months and I've decided to fully fund a Coverdell ESA every year for my child ($2000 per annum, same basic rules as a Roth IRA). I'm trying to decide what the portfolio needs to look like and how to treat it. The time horizon is approximately 18 years for this money. I intend to systematically contribute the annual $2000 over the next 18 years but hopefully not have to increase this contribution a...
- Thu Jul 28, 2011 5:42 pm
- Forum: Investing - Theory, News & General
- Topic: Orman says "No to Target Funds"
- Replies: 101
- Views: 15729
Re: Problem solved ?
Thats ridiculous. Clearly those target date funds are being targeted at a very specific group: 10 year olds starting to invest for retirement. It's just so obvious.Avo wrote:grabiner wrote: Vanguard's preference is to not have their Target funds underperform those of Fidelity and T Rowe Price, which have 10% bond allocations. So Vanguard has to match them. If, tomorrow, Fidelity and Price changed to 5%, Vanguard would soon follow.
But seriously, you think Fidelity and T Rowe are going to market to 5 year olds? For crying out loud, they're only children!
- Wed Jul 13, 2011 12:03 am
- Forum: Personal Finance (Not Investing)
- Topic: Dave Ramsey and Credit Cards: Have I made a huge mistake?
- Replies: 45
- Views: 9313
I have closed all of my credit cards just like you with one exception. I kept a card, with a low 4% interest rate, open at my primary bank and put a moderate limit on it (it was $3k but they raised me to $6k recently actually). All of my gas purchases go on that card every month and it gets paid off every month. Thats it. Everything else is cash or debit. Getting out of debt is never a bad thing. And the Dave Ramsey out of debt advice is solid. But I think it prudent to maintain a credit rating even if I have no immediate intention to use it. Eventually I may - but I really hope not. Cash works so much better. Using that system I've maintained about a 780 credit score, with no other debt than the monthly gas bill, and I'm more than happy wi...
- Tue Jul 12, 2011 4:42 am
- Forum: Personal Finance (Not Investing)
- Topic: Purchasing a housing plot, no house
- Replies: 18
- Views: 2730
- Tue Jul 12, 2011 4:37 am
- Forum: Personal Finance (Not Investing)
- Topic: Purchasing a housing plot, no house
- Replies: 18
- Views: 2730
The land is in an established and gated subdivision. Power and water is already run to the area, I would only need to pull it from the street into my property. Septic system would need to be installed when I build. Land will need to be cleared (approximately 5k expense, including arborist for trees) so that the oaks can grow out in the next 10-15 years. My parents just bought a house in the same neighborhood (their retirement home) 2 years ago. There are about a half dozen houses being built currently (144 lot subdivision, many residents own multiple lots so not that many houses will be built). Probably 30-40 houses currently being lived in. Reasonably expect I can get the land for 75k and will role the clearing cost in to make a round 80k ...
- Mon Jul 11, 2011 10:34 pm
- Forum: Personal Finance (Not Investing)
- Topic: Purchasing a housing plot, no house
- Replies: 18
- Views: 2730
Let me make this clear, this is not speculative buying in an attempt to double my money, I like this area and I want to build here eventually. While I might change my mind eventually and decide to sell (and buy a house elsewhere) that is not my intention.
In order to buy a piece of land like this do I apply for a standard mortgage? Theres no house, so how does that effect the bank? They still have collateral afterall.
Has anybody used USAA for a mortgage? Good? Bad? Ugly?
In order to buy a piece of land like this do I apply for a standard mortgage? Theres no house, so how does that effect the bank? They still have collateral afterall.
Has anybody used USAA for a mortgage? Good? Bad? Ugly?
- Sun Jul 10, 2011 1:39 pm
- Forum: Personal Finance (Not Investing)
- Topic: Purchasing a housing plot, no house
- Replies: 18
- Views: 2730
Purchasing a housing plot, no house
Age: 26 Debt: None Retirement: 35k I am looking at buying a house lot in San Antonio, TX that currently has no house on it (about 1.5 acres). The land is in an area on the far outskirts of the city but is right in the path of the massive expansion that the city has witnessed in that direction in the last decade (they just built a PGA golf course nearby). As an active duty military member I am looking to buy this lot to build on it, but don't plan to build for over 10 years (when I retire I'll move back there and build then). I have no intention of buying another house before building on this lot, nor have I ever owned a house before. How does buying just a plot of land (with no immediate intention to build) differ from a standard mortgage? ...
- Fri Jun 17, 2011 2:10 am
- Forum: Personal Investments
- Topic: quick question on where to park my money.
- Replies: 13
- Views: 1858
You're right in assuming that a money market would be a good choice for parking money. It's very liquid and usually returns more than your typical savings account. Over the last couple of years however, returns on money markets have been down-right pathetic (mine was returning $.05 every month on a $10,000 contingency fund). Instead, you might also consider just a standard savings account (I use ING Direct) that returns a higher yield. It's actually more safe than a MM because of the FDIC insurance and is currently yielding way more. Another option would be to invest in CD's at banks that offer small early termination fees (a good example is Ally Bank). The long and short of it is that all of these are decent options. A MM won't yield a who...
- Sun Apr 03, 2011 11:49 am
- Forum: Personal Finance (Not Investing)
- Topic: Where do Bogleheads get Term Life? Sheesh...
- Replies: 93
- Views: 14944
My assumption is that they weren't pumped about the "term" part but rather the opportunity to talk life insurance in general with a customer already interested in the product. My experience is that a salesman is typically going to hear what YOU want and then steer you towards what THEY want you to want. The discussion would have likely quickly progressed into a discussion of the evils of short-term life insurance and how owning PERMANENT life insurance is totally better than that TERM crap.Easy Rhino wrote:I would also drop any office that gets totally pumped about simple term life insurance.
:roll:
- Sat Mar 26, 2011 8:56 pm
- Forum: Personal Investments
- Topic: Best Portfolio to hold in a taxable account
- Replies: 9
- Views: 5106
- Thu Mar 10, 2011 12:36 pm
- Forum: Personal Investments
- Topic: Which are the best Roth IRA's
- Replies: 20
- Views: 4001
- Sat Mar 05, 2011 5:31 pm
- Forum: Investing - Theory, News & General
- Topic: Poll: What is your investment philosophy?
- Replies: 74
- Views: 10348
- Sat Mar 05, 2011 5:27 pm
- Forum: Investing - Theory, News & General
- Topic: TSP G Fund
- Replies: 37
- Views: 12204
Tarnation/tadamsmar, thanks for the great info and discussion. I will ask a question that may reveal my ignorance, but hopefully others have the same question. :) I hold TIPS in my ROTH and G Fund in TSP, but based on the discussion is there an advantage to hold both? Sounds like G Fund behaves like TIPS, but without the chance of losing principle. Cheers, DUG TIPS and G fund are different beasts, but their goals of real return are similar. With TIPS you know upfront what your real return will be and holding them in a ROTH seems to be the best bet at getting that as an after tax real return. G fund goal is to outperform inflation, but by how much we don't know, and that is pretax. We hold G in TSP and TIPS in ROTH also. I would be curious ...
- Sat Mar 05, 2011 4:44 pm
- Forum: Investing - Theory, News & General
- Topic: Larry takes on The Motley Fool
- Replies: 39
- Views: 12403
And now a comment unrelated to this discussion:
Larry,
Just got your (first?) book, "The Only Guide to A Winning Investment Strategy You'll Ever Need" and have enjoyed it thus far. Been reading through your blog for a while now and have enjoyed it as well - figured I'd go for something with a little more length to it. Keep up the good work.
Larry,
Just got your (first?) book, "The Only Guide to A Winning Investment Strategy You'll Ever Need" and have enjoyed it thus far. Been reading through your blog for a while now and have enjoyed it as well - figured I'd go for something with a little more length to it. Keep up the good work.
- Thu Mar 03, 2011 3:40 pm
- Forum: Investing - Theory, News & General
- Topic: Rebalancing
- Replies: 12
- Views: 1498
- Wed Mar 02, 2011 8:18 am
- Forum: Personal Investments
- Topic: Gain better interest on money
- Replies: 13
- Views: 3029
Agreed. Any emergencies that require an immediate payment I simply make with a credit card and then backfill with a transfer from the EF a few days later.kenyan wrote:An emergency fund is not for money that you need today. You have a checking account for that. The EF is for serious disruptions to income or large, unexpected expenses. Job loss, medical bills, house repairs, etc. A couple of business days to access your EF is no big deal.
- Tue Mar 01, 2011 3:31 am
- Forum: Investing - Theory, News & General
- Topic: What do you think of Suze Orman's advice?
- Replies: 54
- Views: 11003
She has a very polarizing personality.Munir wrote:I have never watched Suze Orman and have no opinion about her financial expertise or advice. What amazes me is the large number of personal "dislike" statements from suposedly financially-sophisticated Bogleheads with no mentioning of facts to support their "dislike". I thought this is a financial forum and not a popularity contest.dm200 wrote:On the previous M* forum discussion list, I was ripped up and down for saying that I did not like Suze Orman. I did not like her then, and I do not like her now. Seems I am not the only one.
- Tue Mar 01, 2011 12:03 am
- Forum: Investing - Theory, News & General
- Topic: Three Fund or Core Four Portfolio
- Replies: 29
- Views: 7212
- Mon Feb 28, 2011 4:27 pm
- Forum: Investing - Theory, News & General
- Topic: What do you think of Suze Orman's advice?
- Replies: 54
- Views: 11003
I think some of the points that other posters have brought up about her are valid. For those people paying 5.25% loads on mutual funds and buying annuities to put inside of IRA's, shes a godsend. But for more focused, interested and competent financial types there are plenty of warts to hate. But not everyone is going to be a Boglehead or even financially competent in any fashion. Suze is probably good for those people.Dandy wrote:Oh the wagging of her finger in such a superior way and the greeting of "girlfriend" makes my skin crawl. Most of her advice is ok but delivered as if the audience was a 5 yr old.
I just hate Suze because shes annoying.
- Sun Feb 27, 2011 12:26 pm
- Forum: Personal Investments
- Topic: TSP bond funds in retirement?
- Replies: 1
- Views: 598
The only thing I hold in my TSP is the G Fund. I hold other bonds in my Roth IRA at Vanguard (Total Bond Market). Now, TSP only represents about 6% of my total portfolio, but I've actually just turned my allocation back on just recently (I had stopped contributing completely while I was downrange since all my income was tax free anyways). Once that happens I'm planning on adding some of the other funds as well - but I probably won't add F Fund, instead holding my corporates in the Roth accounts.
- Sat Feb 26, 2011 7:33 am
- Forum: Personal Finance (Not Investing)
- Topic: ING Direct's Orange Savings drops to 1% APY
- Replies: 33
- Views: 5956
I keep reading about these rewards checking accounts that offer 4-5% interest on deposits in them. Does anybody have any good recommendations where I can find one of these?
I currently live in Europe so I'd need something that I can generally manage online (although I also have ING Direct, and would keep using it, so I could conduct money transfers through them if necessary). I'm heading back to visit the states in a couple weeks (San Antonio area) and could set up one while I'm there local if needed.
Recommendations?
Deposit size: Emergency Fund of approximately $15k
I currently live in Europe so I'd need something that I can generally manage online (although I also have ING Direct, and would keep using it, so I could conduct money transfers through them if necessary). I'm heading back to visit the states in a couple weeks (San Antonio area) and could set up one while I'm there local if needed.
Recommendations?
Deposit size: Emergency Fund of approximately $15k
- Thu Feb 24, 2011 3:35 pm
- Forum: Investing - Theory, News & General
- Topic: Dave Ramsey's Asset Allocation Revealed!
- Replies: 53
- Views: 35344
Saying that Ramsey's advice on stock investing is lacking is probably being far too nice. There are major holes in it. Serious holes. But I still say that his approach to firing people up for living on less than they make is the serious win. I think the root problem with Dave's investment advice is his ELP system. Obviously, Dave is getting a significant amount of money off of this network that hes established. By pushing people their direction the ELP's owe a lot to Dave. And of course that involves load funds. Were he to instead recommend no load index funds then people would be able to do it themselves (shock!) and not need the ELP...and Dave would lose cash flow. Hes not a non-profit afterall. Honestly though, if Dave changed gears and ...
- Thu Feb 24, 2011 10:12 am
- Forum: Investing - Theory, News & General
- Topic: Dave Ramsey's Asset Allocation Revealed!
- Replies: 53
- Views: 35344
I don't think many people will really argue for Ramsey's investment advice. The returns he promises just don't add up, nor is it sane to stay as aggressive as he recommends for nearly as long as he recommends (I think he recommends a 75% equities portfolio while in retirement). BUT, that being said, I think that most of his other advice is spot on. Many people knock him for his simplicity, "Don't go into debt - wow, earth shattering advice." But he makes no claims to having the secret answer. If you listen to his show the promo before hand often says, "We give you the same advice your grandma would, except we keep our teeth in." He doesn't propose that hes figured out the secret, he just puts common sense in a nice neat ...
- Tue Feb 22, 2011 2:37 pm
- Forum: Personal Investments
- Topic: Critique my asset allocation plan, too simple?
- Replies: 8
- Views: 1639
- Sun Feb 20, 2011 8:24 am
- Forum: Personal Investments
- Topic: WSJ article on Boomers and 401k Problems
- Replies: 70
- Views: 10531
- Sun Feb 20, 2011 7:13 am
- Forum: Personal Investments
- Topic: WSJ article on Boomers and 401k Problems
- Replies: 70
- Views: 10531
A strong reason why I like the new Target Retirement Date funds. They're not always the best funds, and can get too conservative too early, but they're considerably better than many would be able to do on their own.livesoft wrote: I have to disagree partly. I think most put money away and don't even look at what they have in their 401(k) and 403(b) until they get closer to retirement. I do agree that most never educated themselves, but disagree that they chased the hot asset class. Studies have shown that folks often don't change their asset allocation from when they started.
- Thu Feb 17, 2011 5:24 am
- Forum: Personal Investments
- Topic: Is now time to get in or wait a bit?
- Replies: 37
- Views: 7510
Oh the suspense!serbeer wrote:We in Boglehead land know exactly what is going to happen in the next few years, but it took a lot of work to figure it out, so we have informal rule about not sharing it with anyone who does not have at least 275 posts. So you'll have to spend some time on this board before you can find out.
I had only been told myself a few days ago and let me tell you--its a real eye opener!
- Wed Feb 16, 2011 10:14 pm
- Forum: Personal Investments
- Topic: Financial Planning - mid 20s
- Replies: 20
- Views: 3582
- Wed Feb 16, 2011 10:10 pm
- Forum: Personal Investments
- Topic: Question about new ROTH IRA at Vanguard and fund minimums
- Replies: 10
- Views: 3713
With Vanguard, the minimum is the minimum. I think TIAA-CREF or T. Rowe Price will waive minimums if you set up monthly transfers. You might call Vanguard anyway--sometimes a phone call is all it takes to get what you want (I've gotten rid of bank and credit card fees with phone calls)! 877-662-7447. Yes, T. Rowe Price has a minimum of $1,000 on most of their funds but will waive it for IRA's if you set up a recurring monthly transfer of $50 (or more) into the fund. You could DCA to a similar fund with them and then transfer the funds to Vanguard when you reach the minimums (exactly what I did). An alternative that was shown earlier in the thread is the Vanguard STAR fund which only has a minimum of $1,000. You would have to lump sum the i...
- Mon Feb 14, 2011 10:51 pm
- Forum: Personal Investments
- Topic: Gain Harvesting AND Loss Harvesting with ETFs
- Replies: 8
- Views: 964
- Mon Feb 14, 2011 10:43 pm
- Forum: Personal Investments
- Topic: Gain Harvesting AND Loss Harvesting with ETFs
- Replies: 8
- Views: 964
Re: Gain Harvesting AND Loss Harvesting with ETFs
Sounds like you'd be creating a wash sale there and you wouldn't get the tax benefits you're looking for: http://www.bogleheads.org/wiki/Wash_salebigk wrote:
Assume I bought one share of X ETF (an S&P 500 fund) for $100. During the year, X goes up 10% to $110, so I sell. I have $10 of CG and am on the hook for $1.50 of tax. I take the remaining $108.50 and immediately invest back in X, taking a new increased basis of $108.50.
- Mon Feb 14, 2011 12:17 am
- Forum: Personal Investments
- Topic: Vanguard Minimum Investement $3000
- Replies: 4
- Views: 3064
Go to Yahoo! Finance and choose any mutual fund and then click on "Fund Profile" on the right hand side. If you scroll down that page you'll see a box that lays it out for you:
Investment Information
Min Initial Investment: $3000
Min Initial Investment, IRA: $3000
Min Initial Investment, AIP: $3000
Min Subsequent Investment: $100
Min Subsequent Investment, IRA: $100
Min Subsequent Investment, AIP: $50
Example: http://finance.yahoo.com/q/pr?s=VTSMX
Investment Information
Min Initial Investment: $3000
Min Initial Investment, IRA: $3000
Min Initial Investment, AIP: $3000
Min Subsequent Investment: $100
Min Subsequent Investment, IRA: $100
Min Subsequent Investment, AIP: $50
Example: http://finance.yahoo.com/q/pr?s=VTSMX
- Mon Feb 14, 2011 12:13 am
- Forum: Personal Investments
- Topic: Real Estate Funds
- Replies: 15
- Views: 2717
I'm planning on adding a small real estate portion to my Retirement portfolio in my Roth (5%) but don't yet have the minimum required to move into Vanguard.
What do some of the more experienced posters think of this fund?
T Rowe Price Real Estate Fund (TRREX)
http://finance.yahoo.com/q?s=trrex&ql=1
Expense Ratio: 0.77
What do some of the more experienced posters think of this fund?
T Rowe Price Real Estate Fund (TRREX)
http://finance.yahoo.com/q?s=trrex&ql=1
Expense Ratio: 0.77
- Sat Feb 12, 2011 4:57 pm
- Forum: Personal Investments
- Topic: What day is the worst day to buy into the market
- Replies: 28
- Views: 3808
This reminds me of a good Mark Twain quote.
October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February. ~Mark Twain
Now all you have to do is substitute months for days and we're all set!
October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February. ~Mark Twain
Now all you have to do is substitute months for days and we're all set!
- Sat Feb 12, 2011 4:53 pm
- Forum: Personal Investments
- Topic: Bank "Financial Check-Ups"
- Replies: 26
- Views: 3539
I was trying to roll an IRA from T Rowe to Vanguard the other day and had to work the issue out with T Rowe on the phone (they want some sort of specific notary stamp on a form that I don't have access to in Italy to complete the transaction). I wasn't looking forward to them strong arming me and trying to convince me that they could suit my needs and I needn't vacate my money. Surprisingly I got nothing of the sort and they were very helpful in expediting the process.
Unfortunately, thats not the case for all banks.
Unfortunately, thats not the case for all banks.
- Sat Feb 12, 2011 4:41 pm
- Forum: Personal Investments
- Topic: Where to open a small (less than $500) Roth IRA?
- Replies: 25
- Views: 4189
- Fri Feb 11, 2011 4:48 am
- Forum: Personal Investments
- Topic: "Early Saver" asset allocation assistance
- Replies: 6
- Views: 2502
- Thu Feb 10, 2011 3:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: Disability Insurance Questions
- Replies: 4
- Views: 955
It's hard to answer your first question because we don't know what the Army considers as disability. The insurance company's definition of disability is extremely important. For your second question, can you live without your wife's income? If not, connsider a policy. My policy is through John Hancock. The Army considers virtually everything a disability. At 26 I've been told I would qualify for 10% disability just because of some of my injuries from Airborne jumps. Injuries and wear and tear that account for disability don't have to be related to work-time events though. ANY injuries or medical conditions that originate while you're on active duty count and then would pay out like a disability payment (ie, like social security) upon separ...
- Thu Feb 10, 2011 12:20 pm
- Forum: Personal Investments
- Topic: TSP allocation advice for Soldier
- Replies: 9
- Views: 2394
Re: Combat Pay TSP Contributions
Try to avoid contributing tax-exempt pay to the TSP, as you don't get as much of a tax benefit; if you are deployed to a combat zone and have tax-exempt pay, make contributions to a Roth IRA, and if you max out the Roth IRA, then try to make your TSP contributions from taxable pay to get the tax deduction. I disagree with this statement. When you make contributions to your TSP while deployed, that money increases your basis in your TSP. You are still getting pretty good tax benefits and can contribute up to $49k vs the $5k limit for a Roth. How are you getting tax benefits? Spend one day in a combat zone and you are exempt from federal income tax for the month (however, not FICA and MEDICARE). Also, the leave accrued during deployment (2.5...
- Thu Feb 10, 2011 12:07 pm
- Forum: Personal Finance (Not Investing)
- Topic: Disability Insurance Questions
- Replies: 4
- Views: 955
Disability Insurance Questions
I'm an active army Soldier (26 yrs old) that intends to spend a career in the military (no less than 20 years, currently at 4 years in). I've been trying to fix many of the holes in my financial plan and have been working through insurance recently. I currently have no additional disability insurance on myself beyond the usual safeties that the army offers. Additionally, my wife (25 yrs old) has no disability insurance but does work currently in an office job making about 40k (32k taxable) a year. However, we plan to have kids in the next year or so and we intend to pull her out of the work force at that time until such time that all of our eventual children are enrolled in Kindergarten (so a considerable gap). Here are my questions: 1) Do ...
- Sat Feb 05, 2011 11:45 am
- Forum: Personal Investments
- Topic: Simple question on Roth and Traditional IRA's
- Replies: 6
- Views: 990
How do Non-Deductible traditional IRA contributions work then?
My wife has some money in a 401(k) that I want to roll out to a traditional IRA. Unfortunately, I won't meet the minimum contribution requirements to roll her money into a desirable fund - I'll be about $100 short. Can I make a small non-deductible contribution so hit that minimum and still be fine tax-wise?
My wife has some money in a 401(k) that I want to roll out to a traditional IRA. Unfortunately, I won't meet the minimum contribution requirements to roll her money into a desirable fund - I'll be about $100 short. Can I make a small non-deductible contribution so hit that minimum and still be fine tax-wise?
- Sat Feb 05, 2011 11:38 am
- Forum: Personal Investments
- Topic: Simple question on Roth and Traditional IRA's
- Replies: 6
- Views: 990
- Sat Feb 05, 2011 11:11 am
- Forum: Personal Investments
- Topic: Simple question on Roth and Traditional IRA's
- Replies: 6
- Views: 990
Simple question on Roth and Traditional IRA's
I tried to find the definitive answer on this through my own research and just got more confused.
If I contribute the maximum $5,000 to a Roth IRA then how much, if any, can I also contribute to a Traditional IRA in a given year period? What about a 401(k) (in my case a TSP account)?
If I contribute the maximum $5,000 to a Roth IRA then how much, if any, can I also contribute to a Traditional IRA in a given year period? What about a 401(k) (in my case a TSP account)?
- Mon Jan 31, 2011 11:56 am
- Forum: Personal Investments
- Topic: novice question about selling mutual funds and cap gains
- Replies: 6
- Views: 863
If the funds were inside of a tax sheltered agreement (like a 401k or Roth IRA) then you wouldn't have to pay capital gains on them when you rebalance. In fact, on a Roth you never have to pay capital gains since you pay the taxes up front.
I'm assuming that since you have been paying on dividends and getting 1099's though that they aren't. Something to think about if you're looking to retire on this money. The word "Roth" is worth a lot of money if used correctly.
I'm assuming that since you have been paying on dividends and getting 1099's though that they aren't. Something to think about if you're looking to retire on this money. The word "Roth" is worth a lot of money if used correctly.