Search found 1679 matches

by tashnewbie
Fri Jul 30, 2021 7:50 am
Forum: Personal Investments
Topic: Portfolio Review
Replies: 7
Views: 521

Re: Portfolio Review

Welcome to the forum. Do you have access to employer-sponsored retirement plans (401k, 403b, etc)? If so, is there an employer match? In your tax brackets, I would prioritize maxing employer-sponsored plans and Roth IRAs for both of you, before doing any taxable investing. Only after maxing those bu...
by tashnewbie
Fri Jul 30, 2021 7:40 am
Forum: Personal Investments
Topic: Any Thoughts about my investment strategy plan?
Replies: 9
Views: 731

Re: Any Thoughts about my investment strategy plan?

Welcome to the forum! It sounds like you're fairly new to the world of investing. I recommend taking some time to do research about investing so that you have more comfort and confidence with it. I think the wiki is a great place to start; here are some articles you may find helpful: Getting Started...
by tashnewbie
Thu Jul 29, 2021 1:53 pm
Forum: Personal Investments
Topic: Portfolio Review / Questions
Replies: 5
Views: 665

Re: Portfolio Review / Questions

3. I would prioritize maxing her Roth IRA before doing any taxable investing. Roth IRA contributions, but not earnings, are withdrawable at any time penalty- and tax-free, and Roth IRA contributions grow tax-free (may not be as much of an issue for you because you're probably in the 0% LTCG bracket...
by tashnewbie
Thu Jul 29, 2021 9:48 am
Forum: Personal Investments
Topic: Roth/Traditional 401k Options To Reduce Administrative Fees
Replies: 8
Views: 625

Re: Roth/Traditional 401k Options To Reduce Administrative Fees

What would be some thoughts on discontinuing the auto-withdrawal into the Roth 401k, allowing the current money to sit in both of these accounts (assuming some type of withdrawal is not allowed at this age), and then opening a separate account with a lower-cost provider (Vanguard) to have those aut...
by tashnewbie
Thu Jul 29, 2021 8:33 am
Forum: Personal Investments
Topic: 3 fund portfolio with limited choices.
Replies: 8
Views: 539

Re: 3 fund portfolio with limited choices.

Agree that we need to see the expense ratios.

Assuming these are low (especially because 2 are definitely index funds), I think you could just use these 3:

Blackrock U.S. Equity Index
Blackrock All Cntry Wrld exUS
Blackrock U.S. Debt Index Fund
by tashnewbie
Thu Jul 29, 2021 8:16 am
Forum: Personal Investments
Topic: Advice on investing a small windfall
Replies: 16
Views: 1619

Re: Advice on investing a small windfall

I would also simplify the taxable account. Something like VTI is all you need. None of the slicing and dicing you're doing. Those are small chunks of your overall portfolio and they're not moving the needle. Unnecessary clutter and noise. I've thought about that as well. The reason why I created th...
by tashnewbie
Thu Jul 29, 2021 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Potential home buyer trying to prepare!
Replies: 4
Views: 706

Re: Potential home buyer trying to prepare!

A lot can happen in 4 years, with your income, net worth, and housing prices, among other things. Figure out how much you want to save each year. Then I would drill down into your spending. How much are your monthly non-housing expenses? Include potential future childcare costs. How much is discreti...
by tashnewbie
Thu Jul 29, 2021 7:49 am
Forum: Personal Investments
Topic: Portfolio Review / Questions
Replies: 5
Views: 665

Re: Portfolio Review / Questions

A few thoughts: 1. Are you sure you're in the 12% bracket? For 2021 MFJ, top of 12% bracket is ~$81k. You have $120k gross income - $9k mandatory pre-tax pension contribution - ~$25k standard deduction = $86k. If you have health insurance premiums of at least $5k, then you'd be at the tippy top of t...
by tashnewbie
Thu Jul 29, 2021 7:18 am
Forum: Personal Investments
Topic: Advice on investing a small windfall
Replies: 16
Views: 1619

Re: Advice on investing a small windfall

You have a lot of cash if you have 1 year of expenses PLUS $10k. That should be plenty to handle any necessary spending that may come up over the next 5 months, especially since you don't have any planned big purchases in the near future. I would just invest the entire $25k. I would also simplify th...
by tashnewbie
Wed Jul 28, 2021 1:59 pm
Forum: Personal Investments
Topic: "Recharacterize" 403(b) contribution as 457(b)?
Replies: 15
Views: 649

Re: "Recharacterize" 403(b) contribution as 457(b)?

Do you have access to Mega Backdoor Roth at the new employer? If so, that would be a way to increase Roth space this year. And obviously do regular Roth IRA contribution. Great question, I hadn't thought about that. My assumption is no, but I will definitely ask to make sure. Read the wiki on MBDR ...
by tashnewbie
Wed Jul 28, 2021 1:56 pm
Forum: Personal Investments
Topic: portfolio high expense ratios
Replies: 10
Views: 711

Re: portfolio high expense ratios

Thank you for your reply! If I feel like my baseline portfolio is well situated, I planned on moving towards things such as tax loss harvesting. I have read and understand the concept but haven't ventured there yet. I hold everything in Vanguard so it would be the VFIAX. Would that be best in the t...
by tashnewbie
Wed Jul 28, 2021 1:23 pm
Forum: Personal Investments
Topic: Should I roll my HSA to Vanguard Healthequity?
Replies: 13
Views: 926

Re: Should I roll my HSA to Vanguard Healthequity?

It would be a bit inconvenient. I no longer have a HDHP so I have $1300 and won't be contributing to it anymore and have no healthcare expenses [knock on wood] to spend it on. I'd be opening an account there just for $1300. It's super easy and quick to open a HSA at Fidelity. The transfer from your...
by tashnewbie
Wed Jul 28, 2021 1:15 pm
Forum: Personal Investments
Topic: Should I roll my HSA to Vanguard Healthequity?
Replies: 13
Views: 926

Re: Should I roll my HSA to Vanguard Healthequity?

+1 for Fidelity.

I don't think Vanguard offers HSAs.
by tashnewbie
Wed Jul 28, 2021 1:13 pm
Forum: Personal Investments
Topic: "Recharacterize" 403(b) contribution as 457(b)?
Replies: 15
Views: 649

Re: "Recharacterize" 403(b) contribution as 457(b)?

Do you have access to Mega Backdoor Roth at the new employer? If so, that would be a way to increase Roth space this year. And obviously do regular Roth IRA contribution.
by tashnewbie
Wed Jul 28, 2021 12:51 pm
Forum: Personal Investments
Topic: "Recharacterize" 403(b) contribution as 457(b)?
Replies: 15
Views: 649

Re: "Recharacterize" 403(b) contribution as 457(b)?

3. What you are wanting to do is transfer the funds from the 403(b) to a 457? You are no longer employed there and can not contribute to either. I think what he wants to do is make it as if he had contributed to the 457 instead of the 403b at the former employer, so that he can contribute more mone...
by tashnewbie
Wed Jul 28, 2021 12:45 pm
Forum: Personal Investments
Topic: portfolio high expense ratios
Replies: 10
Views: 711

Re: portfolio high expense ratios

It's unfortunate that his 401k offers poor (imo) fund options. At least there's a 2.5% match though. I agree with your choice of American Funds Bond Fund of Amer R2E RBEBX 1.02 for this account. It seems to be the least bad option. It has tracked VBTLX (Vanguard Total Bond market index fund) fairly ...
by tashnewbie
Wed Jul 28, 2021 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Considering Move from Renting to Owning
Replies: 9
Views: 819

Re: Considering Move from Renting to Owning

The way I've set it up is that after maxing my 401k, IRA, and HSA, I annually rebalance everything extra that's run up into a taxable account . This makes up an overarching 70/20/10 three fund portfolio, and to rebalance while avoiding taxes I can only buy more . That worked just fine when I gradua...
by tashnewbie
Wed Jul 28, 2021 9:08 am
Forum: Personal Finance (Not Investing)
Topic: wife going back to work - tax implications
Replies: 9
Views: 1080

Re: wife going back to work - tax implications

Just wanted to chime in that the W2 vs 1099 distinction is a statutory/regulation based one and not a choice the employer or employee can just make. Totally. And if the church has determined, based upon analysis of applicable laws and regulations, that she should be paid as a W2, then it shouldn't ...
by tashnewbie
Wed Jul 28, 2021 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Considering Move from Renting to Owning
Replies: 9
Views: 819

Re: Considering Move from Renting to Owning

The way I've set it up is that after maxing my 401k, IRA, and HSA, I annually rebalance everything extra that's run up into a taxable account . This makes up an overarching 70/20/10 three fund portfolio, and to rebalance while avoiding taxes I can only buy more . That worked just fine when I gradua...
by tashnewbie
Wed Jul 28, 2021 8:25 am
Forum: Personal Finance (Not Investing)
Topic: wife going back to work - tax implications
Replies: 9
Views: 1080

Re: wife going back to work - tax implications

that's good to know that the spousal TIRA is still in play for the 2nd half of 2021 she has some flexibility in the future, so planning going over $6k and where to put those dollars. Would it make sense to set her up as a solo business owner, and 1099 employee in 2022? So she could setup a Solo 401...
by tashnewbie
Wed Jul 28, 2021 8:09 am
Forum: Personal Investments
Topic: Mega Backdoor - 2 Options?
Replies: 9
Views: 697

Re: Mega Backdoor - 2 Options?

There is a difference between what's called Mega Backdoor Roth (MBDR) and regular Backdoor Roth. User above described the 2 variants of the MBDR. I would do regular backdoor Roth before MBDR. Sounds like you can do regular backdoor and at least some MBDR. Check out these wikis for more information: ...
by tashnewbie
Tue Jul 27, 2021 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: wife going back to work - tax implications
Replies: 9
Views: 1080

Re: wife going back to work - tax implications

The second issue is retirement contributions. She won't be eligible for a workplace 401k which is fine. But she had been contributing $6,000 to a spousal Traditional IRA based on my income, which was nice because it lowered AGI. Now that she will have earned income, is she no longer eligible for sp...
by tashnewbie
Tue Jul 27, 2021 2:27 pm
Forum: Personal Investments
Topic: First post: Getting married and reviewing portfolio. Advice welcome.
Replies: 12
Views: 1161

Re: First post: Getting married and reviewing portfolio. Advice welcome.

3. For the 50k in checking, I'd like to keep about 15k as cash for emergencies, and 6k will go to the IRA in January, but the remaining ~30k is just sitting. I don't want to max my 401(k) and live off of it, because we'll likely purchase a home in the next 5 years and this will likely be the basis ...
by tashnewbie
Tue Jul 27, 2021 2:11 pm
Forum: Personal Investments
Topic: Before-Tax, After-Tax, and Roth in 401K
Replies: 25
Views: 1552

Re: Before-Tax, After-Tax, and Roth in 401K

Need more information.

See this post for a suggested portfolio review format: viewtopic.php?f=1&t=6212
by tashnewbie
Tue Jul 27, 2021 8:56 am
Forum: Personal Investments
Topic: New Member, portfolio review
Replies: 30
Views: 2022

Re: New Member, portfolio review

Questions : 1. What areas should I address/adjust 1st? 2. Should I consider converting my rollover IRA into the ROTH IRA? Maybe a little bit each year or wait on this? 3. Any other recommendations? Welcome to the forum! Congrats on paying off the CC debt! The good news is that you started investing...
by tashnewbie
Tue Jul 27, 2021 8:35 am
Forum: Personal Investments
Topic: Starting a 3-Fund Plan: How to allocate across 401K and Roth IRA?
Replies: 15
Views: 1349

Re: Starting a 3-Fund Plan: How to allocate across 401K and Roth IRA?

Welcome to the forum! 1a. For my 401k, should I keep my Target Date Funds, and then implement the 3-Fund plan in my Roth IRA? 1b. If I should keep my Target Date Funds, is a 2060 glide path too aggressive as a 39 year old who literally just started saving this year? I bought this fund on a recommend...
by tashnewbie
Mon Jul 26, 2021 9:15 am
Forum: Personal Investments
Topic: Help choosing between these 2 portfolios
Replies: 10
Views: 668

Re: Help choosing between these 2 portfolios

You didn't state your desired asset allocation (percentage of stocks, including international if any, and bonds). I would focus on building a 3-fund portfolio in the 401k, but also viewing all of your accounts (for example, if you also have a Roth IRA) as one big portfolio, and coordinating the AA a...
by tashnewbie
Mon Jul 26, 2021 9:01 am
Forum: Personal Investments
Topic: Help choosing between these 2 portfolios
Replies: 10
Views: 668

Re: Help choosing between these 2 portfolios

Welcome to the forum.

What are all of the options in the 401k, including fund name, ticker symbol, and expense ratio? Edit your original post to add that information (pencil icon in the top right of the post). It helps to have all relevant information in one place.
by tashnewbie
Fri Jul 23, 2021 2:15 pm
Forum: Personal Investments
Topic: What to do With Short-Term Windfall?
Replies: 7
Views: 995

Re: What to do With Short-Term Windfall?

He definitely shouldn't waste his time with a roboadvisor. The roboadvisor will make the portfolio extremely unnecessarily complicated, especially for a relatively small portion of this windfall. Definitely max employer-sponsored retirement plan (401k, etc) this year, along with HSA (if eligible), a...
by tashnewbie
Fri Jul 23, 2021 8:20 am
Forum: Personal Investments
Topic: Investment Review Help for Recently Moved Family
Replies: 3
Views: 574

Re: Investment Review Help for Recently Moved Family

Overall everything looks great to me. Very small things to consider: 1. I wouldn't be in a rush to sell anything in taxable. The only funds I wouldn't want to hold long-term are Fidelity Total Market Index (FSKAX) and United Health Group (UNH). FSKAX is a fine fund to use in general, but I wouldn't ...
by tashnewbie
Thu Jul 22, 2021 5:41 pm
Forum: Personal Investments
Topic: Change in tax deferred availability starting next year - what to do?
Replies: 6
Views: 591

Re: Change in tax deferred availability starting next year - what to do?

If your current 401k has decent fees and fund options, then I'd check to see if you can move it into the 401k before you leave. Then you can easily do backdoor Roth.

Regardless of that, your wife can do backdoor Roth easily if she doesn't have any pretax IRAs.
by tashnewbie
Thu Jul 22, 2021 11:43 am
Forum: Personal Investments
Topic: Portfolio Review for Novice Investors/Parents
Replies: 6
Views: 717

Re: Portfolio Review for Novice Investors/Parents

I think your overall plan makes sense. I recommend not making any IRA contributions in 2021 or 2022 until you have done more research about the income limits for contributions to Roth IRA, deductibility of Traditional IRA contributions, and the backdoor Roth. Based on your statement that you wouldn'...
by tashnewbie
Wed Jul 21, 2021 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: [When should I do a backdoor Roth - this calendar year or next?]
Replies: 5
Views: 275

Re: [When should I do a backdoor Roth - this calendar year or next?]

If the IRA contribution is for 2021, then I would move the TIRA into your 401k before 12/15/21 (I'd give yourself some wiggle room before 12/31). Then once you've confirmed the 401k has accepted the TIRA balance, you can do both steps of the backdoor process (1. n-d TIRA contribution and 2. Roth con...
by tashnewbie
Wed Jul 21, 2021 8:47 am
Forum: Personal Investments
Topic: Portfolio Feedback
Replies: 11
Views: 1125

Re: Portfolio Feedback

Great point about that wash sales. I hadn’t considered that. Since this taxable account is already in the ETF lane, I think I will just stay with those. As far as I can tell there is no reason to add yet more clutter. I like VTI. What are your thoughts on VXUS? Worth it to add another fund for simp...
by tashnewbie
Wed Jul 21, 2021 8:35 am
Forum: Personal Investments
Topic: Portfolio review
Replies: 14
Views: 1616

Re: Portfolio review

You're doing very well. 2 & 3. For increased tax efficiency, you should definitely max her traditional 401k, despite the higher ER funds. In your high tax bracket, the tax deferral is a big benefit. In general, for people in higher tax brackets, traditional 401k is worthwhile if fund fees are no...
by tashnewbie
Wed Jul 21, 2021 8:03 am
Forum: Personal Investments
Topic: Short term investment suggestions? Around 5 years.
Replies: 4
Views: 561

Re: Short term investment suggestions? Around 5 years.

There have been a lot of posts recently about short term investment ideas. Here's a response I made to one of those posts, which might be helpful for you too: --Rewards checking accounts (one of my local credit unions offers 5% on $10k if I have certain monthly direct deposits) --Series I Savings bo...
by tashnewbie
Tue Jul 20, 2021 3:42 pm
Forum: Personal Investments
Topic: Got a tIRA balance, but need to do a Back Door Roth
Replies: 10
Views: 666

Re: Got a tIRA balance, but need to do a Back Door Roth

For a $10k balance just convert it to Roth and be done with it. Your future self will thank you. I agree. This is such a small amount, that I would just take the tax hit (probably no more than $3k, assuming your combined fed + state marginal tax brackets are 30%). Forum member @lakpr has calculated...
by tashnewbie
Tue Jul 20, 2021 3:39 pm
Forum: Personal Investments
Topic: Got a tIRA balance, but need to do a Back Door Roth
Replies: 10
Views: 666

Re: Got a tIRA balance, but need to do a Back Door Roth

BolderBoy wrote: Tue Jul 20, 2021 3:23 pm
dormid wrote: Tue Jul 20, 2021 9:23 amMy employer's 401(k) plan only accepts rollovers from "conduit" IRAs.
What is a "conduit IRA"?
A "Rollover" IRA. An IRA that results from the rollover of a balance in an employer-sponsored plan (e.g., 401k).
by tashnewbie
Tue Jul 20, 2021 2:56 pm
Forum: Personal Investments
Topic: Recommendations for a 2nd tier emergency fund
Replies: 81
Views: 5870

Re: Recommendations for a 2nd tier emergency fund

You can get better, risk-free return on your EF/cash reserves than 0.03% at Ally. Confirm that Ally is paying only 0.03%. I took a quick peek at their website, and it appears they're paying 0.1% or 0.3% on checking accounts, depending on balance, and 0.5% on savings accounts. Here are some options: ...
by tashnewbie
Tue Jul 20, 2021 1:57 pm
Forum: Personal Investments
Topic: Help Converting Existing Portfolio to 3-Fund
Replies: 4
Views: 403

Re: Help Converting Existing Portfolio to 3-Fund

Welcome to the forum. Some more information will be necessary to provide advice about potential tax implications of selling in your taxable brokerage account. What are your federal and state marginal tax brackets and capital gains tax bracket (0%, 15%, or 20%)? Good news is there are no tax conseque...
by tashnewbie
Tue Jul 20, 2021 8:02 am
Forum: Personal Investments
Topic: Am I still eligible for HSA if empoyer offers HRA that covers part of deductible?
Replies: 5
Views: 425

Re: Am I still eligible for HSA if empoyer offers HRA that covers part of deductible?

Unless the HRA is a specific type of HRA (e.g., limited purpose, post-deductible), you wouldn't be eligible for HSA contributions. If you have a general purpose HRA, your health plan is not HSA-eligible. See IRS Publication 969: https://www.irs.gov/publications/p969#en_US_2020_publink1000204042 Othe...
by tashnewbie
Tue Jul 20, 2021 7:52 am
Forum: Personal Investments
Topic: VWSTX or VSCGX or ? for big ticket purchases
Replies: 5
Views: 404

Re: VWSTX or VSCGX or ? for big ticket purchases

I bonds might be a good option, if your purchases are over 1 year away. Currently earning 3.54%, adjusted semiannually with inflation. Can only redeem after 1 year, and you lose 3 months' interest if redeeming before 5 years. These recent threads might be of interest: https://www.bogleheads.org/foru...
by tashnewbie
Tue Jul 20, 2021 7:32 am
Forum: Personal Investments
Topic: Portfolio Feedback
Replies: 11
Views: 1125

Re: Portfolio Feedback

I just want to make 2 comments that aren't directly related to the questions you asked: 1. I wouldn't hold VTSAX and VTIAX in both taxable and the Roth IRAs, because of potential issues with wash sales. I would hold something like VFIAX and a similar, but not substantially identical, int'l stock fun...
by tashnewbie
Mon Jul 19, 2021 4:07 pm
Forum: Personal Investments
Topic: 37s Mid life Portfolio review
Replies: 14
Views: 2849

Re: 37s Mid life Portfolio review

Totally get this. We will definitely open and fund a Traditional IRA and convert via backdoor method (and thanks for the helpful reference to white coat). However that only accounts for $12k of where to land the money. Unless I'm missing something? My main question is about the next best place for ...
by tashnewbie
Mon Jul 19, 2021 1:25 pm
Forum: Personal Investments
Topic: 37s Mid life Portfolio review
Replies: 14
Views: 2849

Re: 37s Mid life Portfolio review

Thanks all. Given what you’re seeing as 401k options, is there a suggested list of investments for the soon-to-be-opened taxable investment account? You should do Roth IRA contributions for him and her, before doing any taxable investing. Use the backdoor Roth method, if needed. As I mentioned earl...
by tashnewbie
Mon Jul 19, 2021 9:23 am
Forum: Personal Investments
Topic: Finishing aggressively paying off student loans. Next steps?
Replies: 9
Views: 880

Re: Finishing aggressively paying off student loans. Next steps?

Sorry for an off topic post, but a stupid question I hope someone can help with. OP writes: "Age: Me- 31 yo DW-26 yo" And I've seen "DW" and "DH" elsewhere on these boards. From context, I gather "W" is "wife." What does the "D" stand for?...
by tashnewbie
Mon Jul 19, 2021 9:05 am
Forum: Personal Investments
Topic: Recommendations for a 2nd tier emergency fund
Replies: 81
Views: 5870

Re: Recommendations for a 2nd tier emergency fund

I would just decide how much you want in your EF, and then invest the rest according to your IPS.
by tashnewbie
Mon Jul 19, 2021 8:37 am
Forum: Personal Investments
Topic: More than just vtsax?
Replies: 29
Views: 3641

Re: More than just vtsax?

You may want to read more on the BH wiki. These are a good place to start: https://www.bogleheads.org/wiki/Getting_started https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy https://www.bogleheads.org/wiki/Three-fund_portfolio If you want more tailored advice, I suggest posting a...
by tashnewbie
Fri Jul 16, 2021 2:02 pm
Forum: Personal Investments
Topic: Mega backdoor Roth IRA if you have traditional IRA prorata
Replies: 12
Views: 887

Re: Mega backdoor Roth IRA if you have traditional IRA prorata

What the are options in your current employer plan, including fund name, ticker symbol, and expense ratio?

What version of the MBDR does your employer's plan allow (in-plan conversion to Roth 401k or in-service withdrawals to Roth IRA)?
by tashnewbie
Thu Jul 15, 2021 11:47 am
Forum: Personal Investments
Topic: 37s Mid life Portfolio review
Replies: 14
Views: 2849

Re: 37s Mid life Portfolio review

It may not be worth trying to consolidate her (edited) accounts, because the current plan (#5?) has higher fund fees than the others. I would probably use TDFs in ##1-4. At 0.15%, ##2 & 3's TDF has a slightly higher ER than the others, but 0.15% is still low-cost. If you don't want to use the TD...