Search found 64 matches

by Aku09
Mon Feb 25, 2019 3:35 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2966

Re: How to max employer portion of 401k

With their 19k contribution their salary would be enough to max the 56k total contribution to a 401k. I’m far away from that.
by Aku09
Mon Feb 25, 2019 3:08 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2966

Re: How to max employer portion of 401k

Yes that is correct
by Aku09
Mon Feb 25, 2019 12:56 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2966

Re: How to max employer portion of 401k

I receive 8% from my employer that does not require matching to get it. When I log in to my account there is also a safe harbor portion and then the rest is on my vesting schedule (20% a year). The total amount from both of those is 8%.
by Aku09
Mon Feb 25, 2019 1:02 am
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2966

Re: How to max employer portion of 401k

I contacted the company that runs my 401k (Empower retirement) and that is the answer I got. I even asked my boss who looked into it by calling a few other people and said that he was told the same thing. Maybe we can look into changing it in the future though.
by Aku09
Sun Feb 24, 2019 8:25 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2966

Re: How to max employer portion of 401k

Thanks for the advice. We are a safe harbor plan. We get monthly contributions and are vested 20% a year.

I will look into the cross testing formula. I’m naive as to the different rules and need to look them up. Is there a concise place for information?
by Aku09
Sun Feb 24, 2019 1:59 pm
Forum: Personal Investments
Topic: How to max employer portion of 401k
Replies: 16
Views: 2966

How to max employer portion of 401k

Looking for advice on how to get the employer portion of my 401k maxed out. Currently work in a small group of roughly 20 employees in the healthcare field that are all high earners (>100k salary). We currently get 8% of our salary place into a 401k as part of our benefit package. Due to the small g...
by Aku09
Sun Feb 10, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 6913

Re: Newlyweds and joint accounts for household expenses

My wife and I opted for separate accounts when we were first married. We looked at what each other was making (college kids) and divided the bills that way. I think she paid the mortgage and I paid for the rest. Worked well and we each had our own money. There was no fighting over finances. Over the...
by Aku09
Wed Feb 06, 2019 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 191
Views: 32036

Re: Teachers Who Have Net Worth of $1 million +

Just wanted to chime in as my wife is a teacher. She just went back to teaching after being a stay at home mom for several years. Starting salary is 35k plus they put in 9.5% of her income into a pension plan. Not eligible for SS (this is Illinois). If she works 20 years she would get slightly over ...
by Aku09
Tue Jan 22, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?
Replies: 46
Views: 5979

Re: USAA Auto Premiums Up Exactly 10% in 3 Consecutive Renewals?

Had USAA for years and never had a claim. About 4 years ago they started going up significantly with each renewal (10%) roughly every 6 months. Finally price shopped about 2 years ago and switched to Geico for almost half the cost that I was paying USAA. Now Geico has been doing the same with roughl...
by Aku09
Mon Jan 14, 2019 11:47 pm
Forum: Personal Investments
Topic: 401k Investment options
Replies: 14
Views: 2203

Re: 401k Investment options

Just an update. I looked at all the different options everyone posted and ended up going with ruralavalons suggestion. Personally I’m not 100% sold on international stocks although several readings give them merit. I figure 20% gives me sufficient exposure to them. I changed my 401k contribution onl...
by Aku09
Sun Jan 13, 2019 3:45 pm
Forum: Personal Investments
Topic: 401k Investment options
Replies: 14
Views: 2203

Re: 401k Investment options

Thank you very much everyone. I appreciate all of the input. Ive been researching the recommendations given so far and will be putting serious thought into my portfolio over the next week or two before switching into vanguard funds. I think an 80/20 allocation is good for me at this point in my life...
by Aku09
Sun Jan 13, 2019 12:34 pm
Forum: Personal Investments
Topic: 401k Investment options
Replies: 14
Views: 2203

Re: 401k Investment options

Thanks everyone for the replies. My wife doesn’t have any retirement options available to her as far as she knows (started about 4 months ago). There has been contract disputes with the union and the school district about pay (not enough) so she doesn’t even have a contract with work. I will look in...
by Aku09
Sun Jan 13, 2019 1:04 am
Forum: Personal Investments
Topic: 401k Investment options
Replies: 14
Views: 2203

401k Investment options

Emergency funds: Yes Debt: Mortgage 300k @ 3.25%; Student loans 108k @ 4.125%; Vehicles (1. I owe 12k @ 3.5%, 2. a lease @ $505 a month) Tax Filing Status: Married Filing Jointly Tax Rate: 24% Federal, 5% State, 2% City State of Residence: KY Age: 33 (34 in a couple weeks) Desired Asset allocation: ...
by Aku09
Wed Jan 09, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance informs me after procedure that they won't cover all of it
Replies: 20
Views: 1687

Re: Health insurance informs me after procedure that they won't cover all of it

I’m a CRNA (Anesthesia) and the problem is probably more with how it was billed. Many insurers in the past couple of years have stopped paying for monitored anesthesia care (MAC) for endoscopic procedures. Usually insurance will only cover it if there are prexisting conditions which warrant anesthes...