Search found 506 matches

by mxs
Wed Mar 25, 2015 3:54 pm
Forum: Personal Investments
Topic: Decisions! Portfolio help for military investor
Replies: 30
Views: 8112

Re: Decisions! Portfolio help for military investor

2. That is the listed sales charge (load) of the A shares that you are buying. 3.5% of your money is going to that, the rest is going towards buying the actual shares. The folks here are likely to advise you to put money in index funds with no sales charge (load) and very low ER (<0.20). I am also n...
by mxs
Wed Mar 25, 2015 2:54 pm
Forum: Personal Investments
Topic: When does a 529 plan make sense to me?
Replies: 204
Views: 21135

Re: Why 529 plan makes any sense??

I don't see a reason to tell your children how much and what avenue you have taken to save for their college. Just tell them that you have been saving and that you will cross that bridge when you get to it. Make sure they work hard in school to get the best grades possible and are involved in sports...
by mxs
Wed Mar 25, 2015 12:58 pm
Forum: Personal Investments
Topic: When does a 529 plan make sense to me?
Replies: 204
Views: 21135

Re: Why 529 plan makes any sense??

I don't know about 401k or HSA used for college expenses, not sure if that is allowed. I have maxed out my Roth IRA, so I put money into a 529. I receive a state tax deduction for doing so, and if I have more than one child and the first child doesn't use the 529, I can change the beneficiary to the...
by mxs
Wed Mar 25, 2015 12:34 pm
Forum: Personal Investments
Topic: When does a 529 plan make sense to me?
Replies: 204
Views: 21135

Re: Why 529 plan makes any sense??

To my knowledge the 529 and Coverdell ESA are the two best tax-advantaged ways to save for education for your children (or other relative). http://en.wikipedia.org/wiki/529_plan covers the advantages pretty well. It is for education savings, not retirement.
by mxs
Tue Mar 24, 2015 9:30 pm
Forum: Personal Investments
Topic: Retirement income/disbursements question
Replies: 3
Views: 770

Re: Retirement income/disbursements question

Thank you for your replies. I do think that I am in a bit of a different situation than most, considering my pensions ( I forgot I would also be receiving a relatively small military pension also ) and numerous investments, so I think I have the opportunity to be a little more aggressive with my inv...
by mxs
Tue Mar 24, 2015 2:40 pm
Forum: Personal Investments
Topic: Retirement income/disbursements question
Replies: 3
Views: 770

Retirement income/disbursements question

New to the forums and I have a question regarding how to handle income from accounts and other sources in retirement. I am a US federal government employee covered under FERS and am 31 years old, married, with one child. Retirement is a long ways off, but I am just thinking through what seems to be ...