Recent content by MoneyChic

I completely agree that a single target date fund is a good option for a novice investor who wants to take a “set it and forget it” approach. Regarding the fees- I haven’t looked into this particular situation, but generally speaking it is more expensive to have a “fund of funds”, which is what...

Agreed! I worked at a company for 10 years, and the last 6 of those were in one department/position. I knew several months ahead of time that I was going to quit and go do something else. I was the only person who did many particular tasks. I used the time to create a very detailed...

I have only done it twice so far- about quarterly. Some had been invested, but a good chunk was still in cash. I’m just going ahead and converting the earnings on it as I go also because it’s such a small taxable amount and then the earnings portion begins growing tax-free as well.

My current 401k allows withdrawals of post-tax contributions and earnings. When I pull out the post-tax contribution, I also take out the portion of earnings attributed to it. I roll the entire amount to a Roth IRA and just pay taxes on the earnings portion, which had only been a couple...

Can’t speak for Chasedream, but I know it depends on your state, and maybe even your zip code. I looked into options for a plan for my husband and myself in one of the states on our list of possible retirement locations (can’t remember which one at the moment) and with the subsidies for...

We spent first part of our careers paying off debt including our house. Now we are saving heavily for retirement, but are limited in how much we can put in the retirement accounts, so taxable is where the bulk of our savings goes. Benefit is, in retirement our income will be in a bracket where...

Congrats!!! :dance:

A bit late for a Q1 update, so I'll update as of today: $109,458 in IRAs and 401(k) $675,497 in Brokerage Account and Taxable Investments $36,742 in cash _________________________ $821,697 So we're at 51.35% of a target of $1.6M, or 48.51% of a target of $1.7M. Still not 100% decided on...

ChaseDream- Yes, I second the recommendation to up your 401k to 19k. Also, the Simple IRA limit is now 13k, so have your wife increase that as well. HSA would be beneficial if you are eligible. You didn’t say she was, so I’m assuming she’s not, but your wife can’t make back-door Roth...

I’m getting confused at this point- your original post doesn’t include anything for renting an apartment. And you have a few other posts talking about how costs will go down when the mortgage is paid off. And you made another post about how you will be keeping the same house. But now you post...

I'd like to address the comments about The Villages being extremely crowded. My parents have lived there for many years now. If you have only ever visited there in the winter months, often referred to as snow bird season, it is very busy then. However, things are much less crowded the rest of...

Congrats!!! Glad you decided to go for it. Best wishes for this next chapter of your life!

As 2018 is almost over, we are now at about 45% of target for investments, and have officially crossed the $1M total net worth milestone! Not sure what 2019 holds, but feeling good about where things stand right now. How’s everyone else doing? SnowBound, we are also wanting 10+ acres to build...

Looking for ideas and suggestions on places to live in retirement in the US. Criteria: United States (but not Hawaii) Low population area Low property/income taxes Low or Average home/property prices Trees Enough average rainfall to sustain a vegetable garden without having to water...

Interesting, but we'll have to wait another year for this. 2018 is Trump's second year in office. So is October 2019 the time to buy? :popcorn: