Search found 1696 matches

by tashnewbie
Thu Aug 05, 2021 3:55 pm
Forum: Personal Investments
Topic: rebalancing with target date funds
Replies: 13
Views: 780

Re: rebalancing with target date funds

Are there any other consequences? Can one just exchange funds all the time? Are there consequences after retirement when you start withdrawing money? ... Your market timing, even with target date funds, will have consequences. So there are no consequences from the IRS, or from the the company that ...
by tashnewbie
Thu Aug 05, 2021 12:38 pm
Forum: Personal Investments
Topic: High Yield Savings? 6-12 Month Horizon
Replies: 3
Views: 361

Re: High Yield Savings? 6-12 Month Horizon

Any number of online high yield savings accounts: Ally, Barclays, Capital One, etc. They're generally paying about 0.5% right now.

Check out depositaccounts for current rates.
by tashnewbie
Wed Aug 04, 2021 7:55 am
Forum: Personal Investments
Topic: Backdoor Roth vs Brokerage account
Replies: 4
Views: 565

Re: Backdoor Roth vs Brokerage account

If your spouse doesn't have any pretax non-Roth IRAs, they can easily do the backdoor Roth without concern for prorated taxes. I would do that $6k/$7k (depending on their age) first, before any taxable investing.
by tashnewbie
Tue Aug 03, 2021 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: HMO vs. HSA - help a moron
Replies: 31
Views: 1582

Re: HMO vs. HSA - help a moron

The other thing to consider is prescription coverage. Sometimes your prescription coverage under a HSA plan is part of the deductible and is not under a HMO which can change the calculation. But looking at the numbers presented, the HSA LOW appears to always be cheaper with the possible exception o...
by tashnewbie
Tue Aug 03, 2021 2:37 pm
Forum: Personal Investments
Topic: Available funds?
Replies: 7
Views: 598

Re: Available funds?

This portion of the "portfolio review" suggested format is asking for a listing of the available fund options in your workplace plan (401k, 403b, etc).

What are the investing options in your old and current plans? What can you invest your money in?
by tashnewbie
Tue Aug 03, 2021 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: HMO vs. HSA - help a moron
Replies: 31
Views: 1582

Re: HMO vs. HSA - help a moron

The other thing to consider is prescription coverage. Sometimes your prescription coverage under a HSA plan is part of the deductible and is not under a HMO which can change the calculation. But looking at the numbers presented, the HSA LOW appears to always be cheaper with the possible exception o...
by tashnewbie
Tue Aug 03, 2021 10:22 am
Forum: Personal Investments
Topic: Invest with Student loan refi vs payoff
Replies: 9
Views: 785

Re: Invest with Student loan refi vs payoff

Welcome to the forum. Congrats on completing your education. 1. Ensure you have adequate private own occupation long-term disability insurance. 2. Do Backdoor Roth every year (annual max is $6k), assuming no pretax IRAs. 3. I would payoff the student loans completely, if I had the cash to do so. Loo...
by tashnewbie
Tue Aug 03, 2021 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Income Generating Ideas
Replies: 59
Views: 4797

Re: Income Generating Ideas

My initial reaction...a lot of people in this country would love to make $50k from their primary gig! $50k from a side gig is not impossible, but it seems unlikely, especially if you haven't done any side hustle or freelance work lately. I think you're in a position that many would covet. I would wo...
by tashnewbie
Tue Aug 03, 2021 8:54 am
Forum: Personal Investments
Topic: New Accounts Set Up
Replies: 6
Views: 452

Re: New Accounts Set Up to avoid Wash-Sale Rule

If you're using different funds in the Roth IRAs and taxable, there's no need to turn off automatic reinvestment of dividends and CGs in the Roth IRAs. Neither way is wrong; personal preference. In the taxable accounts, they can use VTI, ITOT, SCHB, etc. In the Roth IRAs, if they're both at Fidelity...
by tashnewbie
Tue Aug 03, 2021 8:40 am
Forum: Personal Investments
Topic: New boglehead looking for suggestions on my approach, updated
Replies: 6
Views: 908

Re: New boglehead looking for suggestions on my approach, updated

Questions: 1) Are there any glaring issues? You're doing a great job -- fully-funded EF, maxing 2 Roth IRAs, HSA, and putting money into 403b and 401k! And you're planning to have no non-mortgage debt after the current student loan interest forbearance period ends! Things that caught my eye: 1. I w...
by tashnewbie
Tue Aug 03, 2021 8:12 am
Forum: Personal Investments
Topic: Vanguard vs Fidelity brokerage account for my three-fund portfolio
Replies: 31
Views: 3063

Re: Vanguard vs Fidelity brokerage account for my three-fund portfolio

If you already have an account at Fidelity, it'd probably be easier to stick with Fidelity. I would probably use ETFs instead of mutual funds in a taxable account at Fidelity, but it's not a huge deal. Depending on my tax brackets, I wouldn't be using a taxable bond fund in a taxable account. See: T...
by tashnewbie
Mon Aug 02, 2021 3:42 pm
Forum: Personal Investments
Topic: Big picture portfolio tune-up
Replies: 3
Views: 636

Re: Big picture portfolio tune-up

Absolutely - this came about due to re-balancing within the Roth 401k after the recent run-up in equities and wanting to get back to my target allocation without incurring taxes. I asked about this earlier this year - see question #2 in the post below - but did not get any answers. https://www.bogl...
by tashnewbie
Mon Aug 02, 2021 11:09 am
Forum: Personal Investments
Topic: Please help rebalancing my Portfolio
Replies: 15
Views: 1929

Re: Please help rebalancing my Portfolio

retiredjg wrote: Mon Aug 02, 2021 10:29 am How do you plan to put $11k into IRA when the limit is $6k?
I came to say this too. The max annual limit for people <50 is $6k (additional $1k catch-up allowed for people 50+).
by tashnewbie
Mon Aug 02, 2021 7:52 am
Forum: Personal Investments
Topic: 401K Roth or tax deferred? - Advice needed
Replies: 5
Views: 542

Re: 401K Roth or tax deferred? - Advice needed

Are you maxing Roth IRA contributions ($7k/year for you)? At least do that in addition to 401k investing.
by tashnewbie
Mon Aug 02, 2021 7:48 am
Forum: Personal Investments
Topic: Big picture portfolio tune-up
Replies: 3
Views: 636

Re: Big picture portfolio tune-up

Couple things that come to mind after reading your post: 1. I would try to re-locate that BND in the Roth 401k. Preferable to have highest expected return assets (stocks) in Roth accounts. Perhaps buy more of the tax-exempt bond fund in taxable. 2. See this post about accessing "retirement"...
by tashnewbie
Mon Aug 02, 2021 7:41 am
Forum: Personal Investments
Topic: Seeking Portfolio advice
Replies: 5
Views: 523

Re: Seeking Portfolio advice

Way too many holdings. In the IRAs, I would consolidate down to just VOO so that you can easily tax loss harvest in the taxable account without having to deal with inadvertent wash sales. You could also use an international stock index fund in the IRAs such as VTIAX/VXUS or one that's different than...
by tashnewbie
Sat Jul 31, 2021 3:00 pm
Forum: Personal Investments
Topic: 3-fund portfolio rebalancing
Replies: 17
Views: 1453

Re: 3-fund portfolio rebalancing

Agree with others that it’s generally best to use stock index funds like VTSAX and VTIAX in taxable. Depending on your tax brackets it might make sense to use a tax exempt muni bond fund in taxable. You haven’t disclosed enough details to help us advise you about your options. Then you can hold taxa...
by tashnewbie
Fri Jul 30, 2021 7:50 am
Forum: Personal Investments
Topic: Portfolio Review
Replies: 7
Views: 677

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: 11
Views: 1168

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: 783

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: 16
Views: 1142

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: 573

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: 17
Views: 2109

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: 772

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: 783

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: 17
Views: 2109

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: 658

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: 728

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: 950

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: 950

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: 658

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: 658

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: 728

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: 842

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: 1088

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: 842

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: 1088

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: 717

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: 1088

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: 1183

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: 1592

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: 37
Views: 2638

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: 16
Views: 1647

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: 676

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: 676

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: 1003

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: 587

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: 593

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: 725

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: 277

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...