Search found 31 matches

by lmbebo
Fri Oct 06, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help cleaning up 401k
Replies: 4
Views: 296

Re: Help cleaning up 401k

Thank you
by lmbebo
Fri Oct 06, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help cleaning up 401k
Replies: 4
Views: 296

Re: Help cleaning up 401k

TSP Account: $137,543 -- wifi at work isn't always best. Trying to get break down. C Fund Common Stock Index 1,175.8032 $35.7366 $42,019.21 30.55% S Fund Small Cap Stock Index 1,150.5111 $46.9140 $53,975.08 39.24% I Fund International Stock Index 1,403.8061 $29.5978 $41,549.56 30.21% 401k: Its a pre...
by lmbebo
Fri Oct 06, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: Help cleaning up 401k
Replies: 4
Views: 296

Help cleaning up 401k

My current allocation is as is. VOO - Vanguard 500 Index Fund - 38% VXF - Vanguard Ext MKT ETF - 11% VNQ - Vanguard REIT ETF - 5.67% VIOO - Vanguard S and P Small - 27% VXUS - Vanguard TOTAL INTL STK - 18% Relatively new 401k. I'm thinking I should be selling the VIOO and putting 7% into VOO and the...
by lmbebo
Tue Jul 18, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up new 401k account
Replies: 3
Views: 186

Re: Setting up new 401k account

To your only question mark I say yes, max the 401k if you can. Do you want to know anything else? Unsolicited: In doing the back door Roth make sure you fill out form 8606. Your asset allocation looks fine but right now while the 401k is small and the TSP is all stock you have essentially no bonds....
by lmbebo
Tue Jul 18, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up new 401k account
Replies: 3
Views: 186

Setting up new 401k account

Hi Will setup a new 401k through Merrill Lynch. Will be opting to do my own investing since they are only allowed to manage it for a 1.1% fee or I can do it myself for $7 trade. Setting up paperwork to do personal trading currently. Currently in with $8k in my 401k account. I also have a TSP account...
by lmbebo
Sat Apr 08, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting, job choices
Replies: 17
Views: 1346

Re: Budgeting, job choices

If I understand correctly, your current W2 salary is just under $14000/month and the new job would make it about $27000/month and would be in a lower cost of living city. I assume you realize you could probably retire in about ten years with the new job's income and have plenty to live on the rest ...
by lmbebo
Sat Apr 08, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting, job choices
Replies: 17
Views: 1346

Re: Budgeting, job choices

Got her signed on mint so she could see our daily expenditures, how much money we have left in the budget. She can see our account balances, credit card balances, etc. Weekly sit downs where we review what we've spent, how much we have left to spend. I try and discuss where we've been good and wher...
by lmbebo
Sat Apr 08, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting, job choices
Replies: 17
Views: 1346

Re: Budgeting, job choices

Honestly I didn't mean any disrespect at all, I was just saying the more money people have, it seems like they don't appreciate it anymore and just blow it without thinking. Is there a reason why your wife can't do the cleaning if you can't? Maybe she's better off cutting her hours at work and that...
by lmbebo
Sat Apr 08, 2017 6:55 am
Forum: Personal Finance (Not Investing)
Topic: Budgeting, job choices
Replies: 17
Views: 1346

Re: Budgeting, job choices

It seems like the more money people make, the more they spend and don't value the dollar any more. Over 4K a month in rent? Was that a typo? Maids? Blowing that much money on shopping every month? Over 2k a month on food monthly? Smh. Hubby and I make 50k a year annually, but our bills are much muc...
by lmbebo
Fri Apr 07, 2017 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting, job choices
Replies: 17
Views: 1346

Re: Budgeting, job choices

Got her signed on mint so she could see our daily expenditures, how much money we have left in the budget. She can see our account balances, credit card balances, etc. Weekly sit downs where we review what we've spent, how much we have left to spend. I try and discuss where we've been good and where...
by lmbebo
Fri Apr 07, 2017 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting, job choices
Replies: 17
Views: 1346

Budgeting, job choices

Hi I'm trying to figure out if this budget works for us. My old job would like me back, pay would be almost double what I make now. So financially, its a no brainer. Wife didn't like it there and pushed to move. Considering the move back only because she's seen how much worse my health has been with...
by lmbebo
Thu Apr 06, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Spending beyond my means, I think..is my budget out of whack?
Replies: 81
Views: 9555

Re: Spending beyond my means, I think..is my budget out of whack?

Feel for ya and pulling for ya. I'm in a similar situation, largely self induced because of multiple disagreements with DW.

But at least it sounds like you have a handle on it.
by lmbebo
Tue Mar 28, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 49
Views: 5688

Re: Federal pension beats high salary and savings rate? (fed vs contractor for employment)

I am a physician currently working for the VA. Right now, I make about 50% of what I could with my old PP job as a partner. tc. MDs and PhDs work for the VA because they believe in the mission and/or want an academic career with additional opportunities for research funding beyond the NIH (e.g., VA...
by lmbebo
Mon Mar 27, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 49
Views: 5688

Re: Federal pension beats high salary and savings rate? (fed vs contractor for employment)

I am a physician currently working for the VA. Right now, I make about 50% of what I could with my old PP job as a partner. tc. MDs and PhDs work for the VA because they believe in the mission and/or want an academic career with additional opportunities for research funding beyond the NIH (e.g., VA...
by lmbebo
Mon Mar 27, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 49
Views: 5688

Re: Federal pension beats high salary and savings rate? (fed vs contractor for employment)

Hi I'll need to go back and read people's responses as I have a similar predicament. Background. I am a physician currently working for the VA. Right now, I make about 50% of what I could with my old PP job as a partner. I've been in my current position only 6 months now. I pay 4.4% into the FERS an...
by lmbebo
Sat Feb 25, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Physician Disability Insurance
Replies: 43
Views: 3139

Re: Physician Disability Insurance

As a physician, radiologist, I also carry disability and life insurance. Wish my income was half of what your was and monthly income as well. I'm sole provider in my family. I carry about 12.5k of disability insurance (most I could qualify with my medical history). I got mine later in residency, wis...
by lmbebo
Sun Jul 17, 2016 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Retirement/Savings plan
Replies: 6
Views: 996

Re: Retirement/Savings plan

Thanks.

I need to figure out the TSP investment stuff still. I've read about investing in a mix of S and C funds for the most part, but I still need a lot of research into that stuff.

My current and soon to be old employer has a mix of vanguard index funds (would need to look into it closer).
by lmbebo
Sat Jul 16, 2016 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Retirement/Savings plan
Replies: 6
Views: 996

Retirement/Savings plan

Hi Just get thoughts on this: We have about $325,000 in an account right now. I'm assuming compounding interest growth of 7%, could be worth 1.65 mil in 24 years. Employer will give me a 4% dollar to dollar match up to 16,500 on TSP (so assume maxed out), 33,450 a year into TSP, same 7% compounding ...
by lmbebo
Tue Jul 12, 2016 11:17 pm
Forum: Investing - Help with Personal Investments
Topic: Figuring out income and SEP IRA
Replies: 1
Views: 211

Figuring out income and SEP IRA

Hi So I am looking at a VA job that I'll be contributing to the TSP account and a pension account. I'll also have all my social security, medicare, etc taxes taken out. I am looking at doing some work on the side as well as an independent contractor. I know I'll have to set aside some money on the s...
by lmbebo
Wed Jun 22, 2016 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: decision between jobs
Replies: 16
Views: 1452

Re: decision between jobs

Hi Sorry. Job A. Would go up to 425k. Can work remotely from anywhere we want (i.e. any city/state). Salary is a 75k bump for me, big raise. Job B. Salary Low 300s (won't get exact amount until 1 month before). Work in NC. Its a pay cut in terms of gross salary and more when I have to start paying s...
by lmbebo
Wed Jun 22, 2016 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: decision between jobs
Replies: 16
Views: 1452

Re: decision between jobs

Yeah. I was up for share holder status in the group soon. Concern is: A. How long will the group be around, arrangements hold up? B. Govt job, probably be there until the gov't falls (could happen very soon depending on your political views). C. Whether my savings and investing would out perform any...
by lmbebo
Wed Jun 22, 2016 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: decision between jobs
Replies: 16
Views: 1452

Re: decision between jobs

Both make my wife happy. Both get us out of the current city. Better transportation avenues to see her family. Better job prospects for her, maybe better with current job counter. Both have better medical communities.
by lmbebo
Wed Jun 22, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: decision between jobs
Replies: 16
Views: 1452

decision between jobs

Hi So my wife has been unhappy where we are now. Don't blame her, its a hard place to like (even though I do). I gave notice to my current employer last night. They gave me an appealing counter offer: Job A (current) Salary raise of 125k No state income tax Less costs associated with leaving this jo...
by lmbebo
Mon Jun 20, 2016 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Considering job switch and trying to rethink retirement needs
Replies: 3
Views: 517

Re: Considering job switch and trying to rethink retirement needs

Sorry, I'm 39. I think earliest I could retire within the system is 62. But at age 65,start to see a bigger difference in the retirement pension. I get into because of opportunities in front of me now. I could make more in the private section (at least on the short term, don't know how long that wil...
by lmbebo
Mon Jun 20, 2016 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Considering job switch and trying to rethink retirement needs
Replies: 3
Views: 517

Considering job switch and trying to rethink retirement needs

Hi So I may have an opportunity to relocate to a position within the VA system that allows me to be apart of the FERS retirement system. Included in that would be the pension plan. Salary is probably high 200s to low 300s. Right now I make more, but live in a small desolate community and isn't worki...
by lmbebo
Sun Mar 20, 2016 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Considering a contract job
Replies: 3
Views: 600

Considering a contract job

Hi I'm considering a contract job (guessing a 1099 position). It's the first time I've ever considered such a position. I know I'd have to be paying taxes quarterly probably. I am trying to get an idea of what I'd have to be saving from each pay check and see what my real take home would be. It woul...
by lmbebo
Fri Jul 18, 2014 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: 2 questions - back door Roth IRA and vesting 401k
Replies: 12
Views: 1110

Re: 2 questions - back door Roth IRA and vesting 401k

Well, I think I do understand, but not as much as I think I do. My income is greater than $191k and we file jointly, thus disqualifying us from contributing to a normal Roth IRA. I was told that when we do it, we have to change over all of our traditional IRAs. So in the future if we want to do a ba...
by lmbebo
Fri Jul 18, 2014 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: 2 questions - back door Roth IRA and vesting 401k
Replies: 12
Views: 1110

Re: 2 questions - back door Roth IRA and vesting 401k

Well, when she left that job in 2012, we were told we had an option of getting cash with 30% loss or roll it over tax free into a traditional IRA. Its been sitting there since. I'd like to start doing backdoor roth IRAs, but I've been told that I would need to take care of her existing IRA before we...
by lmbebo
Fri Jul 18, 2014 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: 2 questions - back door Roth IRA and vesting 401k
Replies: 12
Views: 1110

Re: 2 questions - back door Roth IRA and vesting 401k

Ok.

Thanks.

This IRA was setup under her name just prior to our marriage.
by lmbebo
Fri Jul 18, 2014 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: 2 questions - back door Roth IRA and vesting 401k
Replies: 12
Views: 1110

2 questions - back door Roth IRA and vesting 401k

Hi My wife has about $12k in a traditional IRA that she has had setup since 2012. It was a rollover from her previous state sponsored 414h account. I have no IRAs myself other than a few Roth IRAs. My income prevents us from contributing to these Roth IRAs. I have a employer sponsored 401k plan. I'd...