Search found 2583 matches

by Meg77
Tue Feb 26, 2013 10:49 am
Forum: Investing - Theory, News & General
Topic: Roth IRA vs. Traditional, my specific situation
Replies: 15
Views: 6362

Re: Roth IRA vs. Traditional, my specific situation

I don't know why you would consider switching your contributions to a Traditional IRA. If I were you I'd be maxing out Roth IRAs for as long as possible (until your income makes you ineligible that is). All things equal you want diversity, and you already have more money in 401ks (Traditional I assu...
by Meg77
Fri Feb 22, 2013 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: New LLC Partnership Questions (Taxes, Draws, Solo 401(k))
Replies: 4
Views: 1037

Re: New LLC Partnership Questions (Taxes, Draws, Solo 401(k)

These seem like great - and probably easy - questions for your accountant. For what it's worth, I am a member of an LLC, and regarding your first question we do all have to take equal distributions (and make equal contributions) to the entity. There are four of us and it's not taxed as a partnership...
by Meg77
Fri Feb 22, 2013 3:03 pm
Forum: Personal Investments
Topic: Govt Contractor back for portfolio advice after overhaul
Replies: 1
Views: 387

Re: Govt Contractor back for portfolio advice after overhaul

Wow, congrats on all the improvement! I am sorry I don't have much helpful advice to offer, but that is primarily because you seem to be doing so well. I agree I wouldn't add more to the 529 plan at this point. You're unlikely to need it, and you're sheltering enough in tax deferred accounts as it i...
by Meg77
Fri Feb 22, 2013 2:48 pm
Forum: Personal Investments
Topic: Advice on cap gains from home sale [Portfolio Help]
Replies: 6
Views: 878

Re: Advice on cap gains from home sale [Portfolio Help]

I don't understand how you get $90-$100K in "equity" from the sale of your home. I think you have about that much in capital gains ($290K sales price minus $170K cost plus $30K in improvements), but depending on what kind of improvements you made that $30K might not be considered an adjustment to ba...
by Meg77
Fri Feb 22, 2013 2:30 pm
Forum: Personal Investments
Topic: help with portfolio (suggestions for taxable investing)
Replies: 2
Views: 550

Re: help with portfolio (suggestions for taxable investing)

I'm not sure what your income or monthly expenses are, but my first impression is that you have way too much cash - particularly if that $230K in cash you mention is in excess of your emergency fund. There's no reason for a 33 year old to have much if any of their retirement assets in cash. It's goo...
by Meg77
Fri Feb 22, 2013 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially in your late twenties?
Replies: 191
Views: 18294

Re: Where were you financially in your late twenties?

It's difficult to judge without knowing your income or debts, but if you're in your late 20s and contributing 12% to retirement accounts then you are doing well, all things equal. Comparing yourself to Bogleheads - especially Bogleheads who graduated into very different job markets and may have begu...
by Meg77
Mon Feb 11, 2013 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: How do things look to you young investors these days?
Replies: 87
Views: 9764

Re: How do things look to you young investors these days?

There's no point worrying; there's nothing to be done but spend less than you make and invest the difference. If the market crashes and I lose everything later in life then, well, at least I did what I was supposed to do (maxed retirement accounts, etc) and gave it my best shot. I'm not particularly...
by Meg77
Mon Feb 11, 2013 3:40 pm
Forum: Personal Consumer Issues
Topic: How do you find Mrs. Boglehead?
Replies: 138
Views: 16190

Re: How do you find Mrs. Boglehead?

I met my Mr. Boglehead at work. We are both bankers so I suppose financially we were meant to be; it just so happened that everything else fell into place too. There are various sides of a Boglehead - there's the frugal side and the investment savvy side and the income maximization side, etc. If you...
by Meg77
Fri Feb 08, 2013 2:48 pm
Forum: Investing - Theory, News & General
Topic: What % of your income are you saving for retirement?
Replies: 228
Views: 32363

Re: What % of your income are you saving for retirement?

I've been maxing out my 401k for a few years now, but since my income varies the percentage of savings toward retirement has varied as well. At it's most simplistic my base salary is $101K and so I save 17.3% of my income toward retirement. Of course that doesn't include employer matcing, rental pro...
by Meg77
Fri Feb 08, 2013 12:17 pm
Forum: Personal Investments
Topic: Preparing for Marriage: Asset Allocation & General Advice
Replies: 15
Views: 3883

Re: Preparing for Marriage: Asset Allocation & General Advic

Why would you invest in properties with negative cash flow? Are you counting on appreciation in the value of the property? You can't always count on that, as we saw with 2008-9. What is the cap rate for each of the properties (gross rents less non-financing expenses divided by the purchase price in...
by Meg77
Fri Feb 08, 2013 11:19 am
Forum: Personal Investments
Topic: Preparing for Marriage: Asset Allocation & General Advice
Replies: 15
Views: 3883

Re: Preparing for Marriage: Asset Allocation & General Advic

If you don't already have one, would suggest using a separate checking account specific for property management - mortgage, bills, etc. in your name only. Don't pay any property related bills from your joint accounts - it only takes once to have someone say you've commingled assets. Leave the deeds...
by Meg77
Fri Feb 08, 2013 11:02 am
Forum: Personal Investments
Topic: Preparing for Marriage: Asset Allocation & General Advice
Replies: 15
Views: 3883

Re: Preparing for Marriage: Asset Allocation & General Advic

I got lost in all the data you provided. What is your "net worth"? What is his "net worth"? The more detail you can provide in arriving at those numbers, the better. You'll want both of those numbers calculated for the day before your wedding day...and saved in a very safe place. My net worth is cu...
by Meg77
Fri Feb 08, 2013 10:50 am
Forum: Personal Investments
Topic: Preparing for Marriage: Asset Allocation & General Advice
Replies: 15
Views: 3883

Re: Preparing for Marriage: Asset Allocation & General Advic

Total Assets - $1,493K Total Investible Assets (not including reserves or real estate) - $253K How much actual equity do you have on these rental properties for which you have nearly 1 million dollars in mortgage debt? Also, what kind of cash flow are these properties generating? Answers to these q...
by Meg77
Thu Feb 07, 2013 6:07 pm
Forum: Personal Investments
Topic: Preparing for Marriage: Asset Allocation & General Advice
Replies: 15
Views: 3883

Preparing for Marriage: Asset Allocation & General Advice

Hi Bogleheads! I have been voraciously reading other posts, and I decided to post my own situation to get some help improving my portfolio. I just recently crossed the $250,000 mark with investible assets, and I'm thrilled! I've been maxing out retirement accounts for years now, and I can feel the m...
by Meg77
Thu Feb 07, 2013 2:39 pm
Forum: Personal Investments
Topic: Advisor says I have TOO MUCH CASH!!!!
Replies: 38
Views: 4160

Re: Advisor says I have TOO MUCH CASH!!!!

It's a little odd that you seem to indicate that you have both too much in stocks and too much in cash. Cash is akin to bonds, especially when some of your cash is earning 2-3% (more than any new bond would pay right now). I would suggest looking at your portfolio in cash/bonds versus stocks, not ca...
by Meg77
Thu Feb 07, 2013 12:45 pm
Forum: Personal Investments
Topic: $101,000 to 'play' with...what would you do?
Replies: 36
Views: 3542

Re: $101,000 to 'play' with...what would you do?

I am not sure I'd pay off the debt either. First of all it would take 100% of your liquidity. That's dumb. Secondly if your income drops in the next 22 years you will be worse off . Hell, you're 39 - you could have health issues in your 50s that cause you to have to leave work for an extended period...
by Meg77
Thu Feb 07, 2013 11:55 am
Forum: Personal Investments
Topic: Help a 22 y/o invest an inheritance
Replies: 32
Views: 3820

Re: Help a 22 y/o invest an inheritance

So if I were you I'd open up a Vanguard fund taxable account (as opposed to brokerage account) and fund it with the $100K. Then open up a Roth IRA within that account and move in $10,500 to start ($5000 for 2012 and $5500 for 2013). I'd buy an Admiral bond index fund with the $10,500 in the Roth IR...
by Meg77
Thu Feb 07, 2013 11:28 am
Forum: Personal Investments
Topic: Critique a 31 year old new doctor's plan
Replies: 56
Views: 6895

Re: Critique a 31 year old new doctor's plan

1 - Pay off your back taxes and that $14K signature loan ASAP. Like, with your next paycheck or two. Sounds like you got the message here. Stay up to date on your taxes for heaven's sake!!! Seriously if there is one thing to prioritize... Yes the signature loan is getting 5K to it sent in tomorrow....
by Meg77
Wed Feb 06, 2013 5:10 pm
Forum: Personal Investments
Topic: Help a 22 y/o invest an inheritance
Replies: 32
Views: 3820

Re: Help a 22 y/o invest an inheritance

Congrats on your inheritance and on seeking to optimize it. Definitely definitely start maxing out a Roth IRA as soon as you're eligible. You will never regret it! I started maxing one out when I was 18 and got my first job, and now I'm 29 and am sooo glad I did. It feels good to know that no matter...
by Meg77
Wed Feb 06, 2013 4:50 pm
Forum: Investing - Theory, News & General
Topic: Anybody purposely loading up on mortgage debt?
Replies: 107
Views: 12642

Re: Anybody purposely loading up on mortgage debt?

I'm debating it currently. I have a paid off rental property and I could get $175K out of it at 4% for 30 years. The effective rate after taxes is 3.08% at my current income level. Surely over 30 years I can do better than that?! I plan to hold this property forever (I'm in my late 20s) for apprecia...
by Meg77
Wed Feb 06, 2013 4:31 pm
Forum: Investing - Theory, News & General
Topic: How does having rental properties affect 401K allocation?
Replies: 6
Views: 816

Re: How does having rental properties affect 401K allocation

I've been looking for info on the same subject as I have 5 rental properties, all with substantial mortgage balances. There is a fair amount of info on various threads about whether to consider your mortgage a negative bond and therefore hold more bonds in your investment portfolio. Much of the argu...
by Meg77
Wed Feb 06, 2013 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Scores - Interest Rate Question?
Replies: 7
Views: 655

Re: Credit Scores - Interest Rate Question?

Yes you may be able to get it off your credit report. Usually the bureau will require a letter from the retailer saying it was an error. However if her score is still 708 then it's probably not even on there. One recent late payment would likely drop a good score into the mid 600s at least. Regardle...
by Meg77
Wed Feb 06, 2013 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Question
Replies: 8
Views: 1065

Re: Rental Property Question

As a banker and a rental property owner I can help you with this question. First of all, you cannot form an LLC and transfer the property and mortgage into it, as another poster pointed out. The mortgage holder would have to approve the deed transfer, and they will not. Further, even if you did that...
by Meg77
Wed Feb 06, 2013 3:35 pm
Forum: Personal Investments
Topic: Critique a 31 year old new doctor's plan
Replies: 56
Views: 6895

Re: Critique a 31 year old new doctor's plan

I understand that your career is a tough one, but the good news is that you have a fabulous income. Congrats on that, and on deciding to get serious about your finances while you're young and still have very few fixed expenses. You are flexible and that is one of the key components of financial secu...
by Meg77
Tue Feb 05, 2013 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Which principal should we pay off first?
Replies: 17
Views: 2640

Re: Which principal should we pay off first?

Are you retired already or planning to retire in the next 8 years? If so then I can agree with your desire to eliminate one or both of these loans more quickly. If not then I don't personally think it's the best idea to use the funds to pay off tax deductible loans under 5%, especially since you say...
by Meg77
Tue Feb 05, 2013 5:48 pm
Forum: Personal Investments
Topic: What to do with inheritance?
Replies: 15
Views: 1834

Re: What to do with inheritance?

A few thoughts: 1 - Please please please do not even consider paying off your boyfriend's debt with this money - now or after you are married. He is employed making great money and you are unemployed (and soon to be running a start up making probably little to nothing). You handing over this financi...
by Meg77
Mon May 25, 2009 4:05 pm
Forum: Personal Investments
Topic: What Should Be Included When Determining Asset Allocation?
Replies: 25
Views: 4511

@ reiredjg - thanks for your support! :) @ YDNAL - I think my comment about having no specific current financial goals is on topic because it's important to consider what the assets are going to be used for and what the timeline is when determining the risk level I'm willing to take. In this case ha...
by Meg77
Sun May 24, 2009 6:33 pm
Forum: Personal Investments
Topic: What Should Be Included When Determining Asset Allocation?
Replies: 25
Views: 4511

anjou said: Behavioral finance shows that we have a propensity for mental accounting or compartmentalization when it is really not necessary. Hmm. Very true - However I have a severe propensity towards it. Would it be the worst thing if I consider my portfolio in separate "buckets?" The trust is its...
by Meg77
Sun May 24, 2009 6:18 pm
Forum: Personal Investments
Topic: What Should Be Included When Determining Asset Allocation?
Replies: 25
Views: 4511

RogerMexico said: I have a separate fixed target allocation for the conventional asset classes, but I also monitor % of overall assets in RE in my spreadsheet...I do watch the % RE number but I don't have a strict target for it...My plan was to reduce my % in RE, but I couldn't pass up the deals on ...
by Meg77
Sat May 23, 2009 11:08 pm
Forum: Personal Investments
Topic: What Should Be Included When Determining Asset Allocation?
Replies: 25
Views: 4511

@ retiredjg - I have considered asking the trustee (a family member) to simply shift the allocation to something I'd prefer. That might be a simpler solution...
by Meg77
Sat May 23, 2009 10:48 pm
Forum: Personal Investments
Topic: What Should Be Included When Determining Asset Allocation?
Replies: 25
Views: 4511

Thanks so much for the thoughtful responses! I agree with you (plural) that I should not include my home or EF in the allocation. And it's also clear that for all intents and purposes it's not really practical (or even possible) to include the rentals since I can't rebalance them. Though their exist...
by Meg77
Fri May 22, 2009 3:21 pm
Forum: Personal Investments
Topic: What Should Be Included When Determining Asset Allocation?
Replies: 25
Views: 4511

Thanks for the input! Is the purpose of this Asset Allocation determination to: 1) Catalog and quantify the substantial items that contribute to your net worth, or 2) Assess and track over time the proportions of liquid, investment assets for the purposes of prudent management of an appropriate leve...
by Meg77
Fri May 22, 2009 1:30 pm
Forum: Personal Investments
Topic: What Should Be Included When Determining Asset Allocation?
Replies: 25
Views: 4511

What Should Be Included When Determining Asset Allocation?

I know that asset allocation - and sticking to it over time - is generally the single most important investment decision that a person can make (other than perhaps to commit to a very high savings rate). But as a young investor I am torn. When calculating the asset allocation, should I include my em...